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Harbor Strategic Growth Fund (MVSGX)

Please note: The Board of Trustees of Harbor Funds approved the reorganization of the Harbor Strategic Growth Fund (the “Fund”) into the Mar Vista Strategic Growth Fund, a newly created series of Manager Directed Portfolios. Please see the Fund's prospectus for more information.

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 5/20/2022

NAV Price

$24.12

NAV Daily Change ($)

$0.18

NAV Daily Change (%)

0.75%

NAV YTD Return

-21.71%

Morningstar 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

0.80%

Total Net Assets (million)

as of 4/30/2022

$71.274

Ticker

MVSGX

Fund Number

2040

Share Class

Institutional

Top Ten Holdings

as of 3/31/2022

Alphabet Inc. Class C [GOOG]

4.7%

Markel Corporation [MKL]

4.3%

Microsoft Corporation [MSFT]

4.2%

Microchip Technology Incorporated [MCHP]

4.2%

Adobe Incorporated [ADBE]

4.2%

Amazon.com Inc. [AMZN]

4.2%

TransDigm Group Incorporated [TDG]

4.1%

Apple Inc. [AAPL]

4.0%

Air Products and Chemicals Inc. [APD]

4.0%

Johnson & Johnson [JNJ]

3.9%

% of Total Holdings:

41.8%

Morningstar 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

Total Returns

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

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Strategic Growth Fund

-11.50%

-18.05%

-8.02%

10.58%

12.13%

12.70%

13.35%

0.71%disclaimer

0.80%

Russell 1000® Growth Index

-12.52%

-20.03%

-5.35%

16.68%

17.28%

15.56%

16.23%

--

--

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.

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

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

12/17/2021

12/20/2021

12/20/2021

0.00000

0.03253

2.70960

0.11084

0.00000

2.59876

2.74213

0.00000

--

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 3/31/2022

Strategic Growth Fund

Number of Holdings

34

Wtd Avg Market Cap ($Mil)

513936.9

Price/Book Ratio

7.2

Adjusted Trailing P/E Ratio

30.5

% EPS Growth - Past 3 Yr

20.5

Return on Equity (%)

26.86

Forecasted P/E Ratio

27.3

Proj. Earnings Growth Rate (%)

14.3

Top Ten Holdings

as of 3/31/2022

Company Name [Ticker]

% of Net Assets

Alphabet Inc. Class C[GOOG]

4.7

Markel Corporation[MKL]

4.3

Microsoft Corporation[MSFT]

4.2

Microchip Technology Incorporated[MCHP]

4.2

Adobe Incorporated[ADBE]

4.2

Amazon.com Inc.[AMZN]

4.2

TransDigm Group Incorporated[TDG]

4.1

Apple Inc.[AAPL]

4.0

Air Products and Chemicals Inc.[APD]

4.0

Johnson & Johnson[JNJ]

3.9

% of Total Holdings:

41.8%

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.

as of 3/31/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Alphabet Inc. Class C [GOOG]

United States

1

2,792.99

4,044

4.7

Markel Corporation [MKL]

United States

3

1,475.24

3,710

4.3

Microsoft Corporation [MSFT]

United States

12

308.31

3,678

4.2

Microchip Technology Incorporated [MCHP]

United States

49

75.14

3,667

4.2

Adobe Incorporated [ADBE]

United States

8

455.62

3,609

4.2

Amazon.com Inc. [AMZN]

United States

1

3,259.95

3,602

4.2

TransDigm Group Incorporated [TDG]

United States

5

651.54

3,544

4.1

Apple Inc. [AAPL]

United States

20

174.61

3,500

4.0

Air Products and Chemicals Inc. [APD]

United States

14

249.91

3,433

4.0

Johnson & Johnson [JNJ]

United States

19

177.23

3,338

3.9

Charles Schwab Corp [SCHW]

United States

39

84.31

3,303

3.8

Berkshire Hathaway Inc. Class B [BRK.B]

United States

9

352.91

3,060

3.5

First Republic Bank [FRC]

United States

19

162.10

3,003

3.5

Moody's Corporation [MCO]

United States

9

337.41

2,984

3.4

American Tower Corporation [AMT]

United States

12

251.22

2,918

3.4

Honeywell International Inc. [HON]

United States

14

194.58

2,694

3.1

Visa Inc. Class A [V]

United States

12

221.77

2,570

3.0

Intuit Inc. [INTU]

United States

5

480.84

2,384

2.8

Mettler-Toledo International Inc. [MTD]

United States

2

1,373.19

2,359

2.7

NIKE Inc. Class B [NKE]

United States

16

134.56

2,195

2.5

GXO Logistics Inc [GXO]

United States

29

71.34

2,037

2.4

Linde plc [LIN]

United States

6

319.43

1,939

2.2

Amphenol Corporation Class A [APH]

United States

25

75.35

1,881

2.2

Salesforce Inc. [CRM]

United States

9

212.32

1,852

2.1

Roper Technologies Inc. [ROP]

United States

4

472.23

1,826

2.1

PepsiCo Inc. [PEP]

United States

11

167.38

1,807

2.1

Fortive Corp. [FTV]

United States

27

60.93

1,658

1.9

Vontier Corp [VNT]

United States

65

25.39

1,643

1.9

U.S. Bancorp [USB]

United States

27

53.15

1,438

1.7

SAP SE Sponsored ADR [SAP]

Germany

13

110.96

1,412

1.6

Ecolab Inc. [ECL]

United States

6

176.56

992

1.1

Meta Platforms Inc. Class A [FB]

United States

4

222.36

949

1.1

Starbucks Corporation [SBUX]

United States

10

90.97

890

1.0

Total

--

--

--

83,919

96.9

Cash and Other Assets Less Liabilities

--

--

--

--

3.1

Total Net Assets

--

--

--

--

100%

as of 3/31/2022

Economic Sector

Strategic Growth Fund %

Russell 1000® Growth Index %

Information Technology

30.2

46.2

Financials

20.2

2.5

Industrials

13.6

6.1

Consumer Discretionary

7.7

18.5

Materials

7.3

0.9

Health Care

6.6

8.9

Communication Services

5.8

10.5

Real Estate

3.4

1.7

Consumer Staples

2.1

4.2

Energy

0.0

0.5

Utilities

0.0

0.0

as of 3/31/2022

Economic Sector

Strategic Growth Fund %

Russell 1000® Growth Index %

Financials

0.4

-5.0

Utilities

0.0

-4.2

Energy

0.0

37.3

Consumer Staples

-6.8

-2.5

Health Care

-7.0

-7.5

Industrials

-8.2

-3.3

Consumer Discretionary

-10.8

-8.9

Information Technology

-12.5

-8.9

Real Estate

-14.1

-10.9

Materials

-15.7

-17.0

Communication Services

-21.2

-17.3

Investment Team

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.

Documents

Fund Documents

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Strategic Growth Fund Quarterly Report

04/28/2022
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Strategic Growth Fund Portfolio Holdings

04/28/2022

Regulatory

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Strategic Growth Fund Summary Prospectus

03/18/2022
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Harbor Mutual Fund Prospectus

05/02/2022
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Domestic Equity Annual Report

12/23/2021
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Domestic Equity Semi-Annual Report

12/08/2021
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Statement of Additional Information

05/02/2022
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Domestic Equity Fiscal Q3 Schedule of Holdings

12/08/2021
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Domestic Equity Fiscal Q1 Schedule of Holdings

03/31/2022

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 ©2022 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.

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.

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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 © 2022 Harbor Capital Advisors, Inc. All rights reserved.