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Harbor Strategic Growth Fund (MVSGX)

Overview
Performance
Holdings
Documents
Investment Team

Overview

Current Price

as of 10/15/2021

NAV Price

$32.39

NAV Daily Change ($)

$0.25

NAV Daily Change (%)

0.78%

YTD Return

18.30%

BRONZE

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

Fund Facts

Inception Date

11/1/2011

Net Expense Ratio

0.71%disclaimer

Gross Expense Ratio

0.8%

Total Net Assets (million)

as of 9/30/2021

$106.566

Ticker

MVSGX

Fund Number

2040

Share Class

Institutional

Top Ten Holdings

as of 9/30/2021

Apple Inc. [AAPL]

4.8%

Intuit Inc. [INTU]

4.7%

First Republic Bank [FRC]

4.7%

Berkshire Hathaway Inc. Class B [BRK.B]

4.6%

Alphabet Inc. Class C [GOOG]

4.4%

Amazon.com, Inc. [AMZN]

4.1%

Microsoft Corporation [MSFT]

3.8%

Adobe Inc. [ADBE]

3.7%

Markel Corporation [MKL]

3.3%

Microchip Technology Incorporated [MCHP]

3.3%

% of Total Holdings:

41.4%

BRONZE

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

left quote

“Investors hold a powerful and durable competitive advantage if they can minimize internal and external pressures while, at the same time, exploit the manic-depressive nature of the market.”

right quote

Brian Massey

Co-founder, Portfolio Manager, Mar Vista Investment Partners, LLC

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.

The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx ©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Performance

Total Returns

MONTH-END
QUARTER-END
YEAR-BY-YEAR
MONTH-BY-MONTH

Fund Name

YTD Return

3 Mo.

1 Yr.

3 Yr.

5 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Strategic Growth Fund

13.51%

0.16%

25.22%

16.63%

17.03%

15.56%

0.71%disclaimer

0.8%

Russell 1000® Growth Index

14.30%

1.16%

27.32%

22.00%

22.84%

18.61%

--

--

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.

The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

Price History

CHART
TABLE

Distribution History

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

12/16/2020

12/17/2020

12/17/2020

0.00000

0.10080

0.78871

0.00000

0.00000

0.78871

0.88951

0.00000

26.96

12/13/2019

12/16/2019

12/16/2019

0.00000

0.09076

0.31391

0.00000

0.00000

0.31391

0.40467

0.00000

22.96

12/14/2018

12/17/2018

12/17/2018

0.00000

0.06163

0.47513

0.08496

0.00000

0.39017

0.53676

0.00000

17.86

12/15/2017

12/18/2017

12/18/2017

0.00000

0.03561

0.35404

0.01802

0.00000

0.33602

0.38965

0.00000

19.15

2/27/2017

2/28/2017

2/28/2017

0.00000

0.03091

0.04089

0.00000

0.00000

0.04089

0.07180

0.00000

16.69

12/14/2016

12/15/2016

12/15/2016

0.00000

0.07639

0.07327

0.00000

0.00000

0.07327

0.14966

0.00000

15.77

12/8/2015

12/9/2015

12/9/2015

0.00000

0.01110

0.50321

0.11396

0.00000

0.38925

0.51431

0.00000

14.97

12/9/2014

12/9/2014

12/9/2014

0.00000

0.06128

1.11062

0.24879

0.00000

0.86183

1.17190

0.00000

15.01

12/9/2013

12/10/2013

12/10/2013

0.00000

0.15398

0.67368

0.27656

0.00000

0.39713

0.82766

0.00000

13.61

12/5/2012

12/6/2012

12/6/2012

0.00000

0.12683

0.08745

0.08745

0.00000

0.00000

0.21427

0.00000

11.42

Holdings

Portfolio Characteristics

as of 9/30/2021

Strategic Growth Fund

Russell 1000® Growth Index

Number of Holdings

36

501

Wtd Avg Market Cap ($Mil)

510296.2

825319.1

Price/Book Ratio

7.66

14.93

Adjusted Trailing P/E Ratio

32

35

% EPS Growth - Past 3 Yr

29.6

32

Return on Equity (%)

24.27

27.44

Forecasted P/E Ratio

26.2

32

Proj. Earnings Growth Rate (%)

15.7

20.3

Top Ten Holdings

as of 9/30/2021

Company Name [Ticker]

% of Net Assets

Apple Inc.[AAPL]

4.8

Intuit Inc.[INTU]

4.7

First Republic Bank[FRC]

4.7

Berkshire Hathaway Inc. Class B[BRK.B]

4.6

Alphabet Inc. Class C[GOOG]

4.4

Amazon.com, Inc.[AMZN]

4.1

Microsoft Corporation[MSFT]

3.8

Adobe Inc.[ADBE]

3.7

Markel Corporation[MKL]

3.3

Microchip Technology Incorporated[MCHP]

3.3

% of Total Holdings:

41.4%

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.

This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.

The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

as of 9/30/2021

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Apple Inc. [AAPL]

United States

39

141.50

5,509

4.8

Intuit Inc. [INTU]

United States

10

539.51

5,372

4.7

First Republic Bank [FRC]

United States

28

192.88

5,344

4.7

Berkshire Hathaway Inc. Class B [BRK.B]

United States

19

272.94

5,225

4.6

Alphabet Inc. Class C [GOOG]

United States

2

2,665.31

5,027

4.4

Amazon.com, Inc. [AMZN]

United States

1

3,285.04

4,721

4.1

Microsoft Corporation [MSFT]

United States

15

281.92

4,296

3.8

Adobe Inc. [ADBE]

United States

7

575.72

4,269

3.7

Markel Corporation [MKL]

United States

3

1,195.13

3,820

3.3

Microchip Technology Incorporated [MCHP]

United States

25

153.49

3,822

3.3

American Tower Corporation [AMT]

United States

14

265.41

3,790

3.3

Moody's Corporation [MCO]

United States

10

355.11

3,627

3.2

Charles Schwab Corporation [SCHW]

United States

49

72.84

3,582

3.1

Honeywell International Inc. [HON]

United States

17

212.28

3,519

3.1

Johnson & Johnson [JNJ]

United States

22

161.50

3,514

3.1

Air Products and Chemicals, Inc. [APD]

United States

13

256.11

3,234

2.8

Visa Inc. Class A [V]

United States

14

222.75

3,174

2.8

Facebook, Inc. Class A [FB]

United States

9

339.39

3,128

2.7

NIKE, Inc. Class B [NKE]

United States

20

145.23

2,840

2.5

Vontier Corp [VNT]

United States

83

33.60

2,801

2.4

Mettler-Toledo International Inc. [MTD]

United States

2

1,377.36

2,735

2.4

salesforce.com, inc. [CRM]

United States

10

271.22

2,732

2.4

Netflix, Inc. [NFLX]

United States

4

610.34

2,693

2.4

SAP SE Sponsored ADR [SAP]

Germany

17

135.04

2,231

2.0

Fortive Corp. [FTV]

United States

31

70.57

2,218

1.9

Amphenol Corporation Class A [APH]

United States

29

73.23

2,111

1.8

Roper Technologies, Inc. [ROP]

United States

5

446.13

2,069

1.8

Linde plc [LIN]

United States

7

293.38

2,057

1.8

Unilever PLC Sponsored ADR [UL]

United Kingdom

36

54.22

1,966

1.7

PepsiCo, Inc. [PEP]

United States

12

150.41

1,875

1.6

U.S. Bancorp [USB]

United States

31

59.44

1,857

1.6

Teleflex Incorporated [TFX]

United States

4

376.55

1,506

1.3

TransDigm Group Incorporated [TDG]

United States

2

624.57

1,507

1.3

Ecolab Inc. [ECL]

United States

7

208.62

1,391

1.2

Starbucks Corporation [SBUX]

United States

11

110.31

1,247

1.1

Total

--

--

--

110,809

96.7

Cash and Other Assets Less Liabilities

--

--

--

--

3.3

Total Net Assets

--

--

--

--

100%

as of 9/30/2021

Economic Sector

Strategic Growth Fund %

Russell 1000® Growth Index %

Information Technology

31.7

44.3

Financials

20.5

2.5

Communication Services

9.5

12.7

Industrials

8.1

5.9

Consumer Discretionary

7.7

18.4

Health Care

6.8

9.3

Materials

5.8

1.0

Consumer Staples

3.4

3.8

Real Estate

3.3

1.7

Energy

0.0

0.3

Utilities

0.0

0.0

as of 9/30/2021

Economic Sector

Strategic Growth Fund %

Russell 1000® Growth Index %

Communication Services

5.7

2.1

Information Technology

3.1

1.8

Financials

0.5

7.3

Utilities

0.0

0.0

Energy

0.0

1.1

Real Estate

-1.3

-2.2

Health Care

-2.1

3.7

Consumer Staples

-2.4

0.4

Industrials

-2.5

-5.9

Materials

-4.6

-3.0

Consumer Discretionary

-4.8

0.1

Forms & Resources

Fund Documents

nav icon

Strategic Growth Fund Quarterly Report

09/23/2021
nav icon

Strategic Growth Fund Portfolio Holdings

09/23/2021

Regulatory

nav icon

Strategic Growth Fund Summary Prospectus

08/27/2021
nav icon

Domestic Equity Prospectus

09/28/2021
nav icon

Domestic Equity Annual Report

08/27/2021
nav icon

Domestic Equity Semi-Annual Report

08/27/2021
nav icon

Statement of Additional Information

08/27/2021
nav icon

Domestic Equity Fiscal Q3 Schedule of Holdings

09/29/2021
nav icon

Domestic Equity Fiscal Q1 Schedule of Holdings

08/27/2021

Management

Mar Vista Investment Partners, LLC


Mar Vista Investment Partners, LLC is an emerging minority-owned investment management firm serving the needs of a variety of clients, including institutions, foundations, pensions, endowments, trusts, and high-net-worth individuals. Their purpose is to create value for their investors by generating unique risk-adjusted returns that exceed the opportunity cost of investing in a passive index. Mar Vista’s mission requires a conviction to be different in how they think, behave and invest. The team at Mar Vista has purposely built what they believe to be durable competitive advantages into their investment framework, culture, business structure and economic incentives. Mar Vista believes that their competitive advantages may minimize the internal and external pressures that may cause active managers to underperform over time.

Mar Vista also manages the Harbor Strategic Growth and Harbor Focus CITs. For more information, call 866-313-5549.

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx ©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.

The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.

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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2021 Harbor Capital Advisors, Inc. All rights reserved.