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Harbor Small Cap Growth Fund (HASGX)

Harbor Small Cap Growth Fund (HASGX)

Class
Welcome
Overview
Performance
Holdings
Investment Team
Documents
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  • Experienced & Tenured Team. Continuity and experience of senior team ensures a repeatable process over time. The portfolio manager is supported by career sector analysts with deep domain expertise across the capitalization spectrum.
  • Growth-at-a-Reasonable-Price. Westfield employs a Growth-at-a-Reasonable-Price (GARP) investment style by seeking to invest in companies with underappreciated earnings growth trading at reasonable valuations, believing stock prices will ultimately follow earnings growth.

  • Deep Due Diligence. Westfield’s stock selection is driven by detailed company analysis aimed at uncovering companies with underappreciated growth potential.


Related Funds to Consider

Overview

Investment Team
Westfield Capital Management
William A. Muggia
Richard D. Lee
Ethan J. Meyers
John M. Montgomery

Current Price

As of 6/11/2024

$13.50

Price (NAV)

-$0.04

NAV Daily Change ($)

-0.30%

NAV Daily Change (%)

2.04%

NAV YTD Return

Fund Facts

As of 5/31/2024

11/1/2000

Inception Date

0.88

Net Expense Ratio

0.88

Gross Expense Ratio

$991.188

Total Net Assets (million)
As of 5/31/2024

HASGX

Ticker

2010

Fund Number

Institutional Class

Share Class

Top Ten Holdings

As of 3/31/2024

Company Name [Ticker]

% of Net Assets

Ascendis Pharma A/S Sponsored ADR[ASND]
4.3
Comfort Systems USA Inc.[FIX]
2.9
ITT Inc.[ITT]
2.8
Option Care Health Inc[OPCH]
2.4
Meritage Homes Corporation[MTH]
2.4
Casella Waste Systems Inc. Class A[CWST]
2.4
Samsara Inc. Class A[IOT]
2.2
Wingstop Inc.[WING]
2.2
AZEK Co. Inc. Class A[AZEK]
2.1
Insight Enterprises Inc.[NSIT]
2.1
% of Total Holdings:
25.9%

Morningstar Medalist Rating™

Morningstar Bronze
Analyst-Driven %
100
Data Coverage %
100
As of 6/30/2023

“So much money today is managed by machines and people with an incredibly short term focus, making it an ideal time to be a long term fundamental investor.”

Will Muggia. President

CEO and CIO, Westfield Capital Management Company, L.P.

Performance

Total Returns

Month-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Small Cap Growth Fund
-4.18%
2.34%
16.56%
-0.46%
10.99%
10.14%
9.11%
0.88%
0.88%
Russell 2000® Growth Index
-0.04%
4.62%
18.38%
-3.34%
7.79%
8.06%
6.28%
--
--

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 harborcapital.com or by calling 800-422-1050.

The Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Frank Russell Company.

Chart

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

12/18/2023
12/19/2023
12/19/2023
0.00000
0.00447
0.00000
--
0.00000
--
0.00447
0.00000
13.13
12/16/2022
12/19/2022
12/19/2022
0.00000
--
0.52004
--
0.00000
0.52004
0.52004
0.00000
10.68
12/17/2021
12/20/2021
12/20/2021
0.00000
--
4.21827
1.07866
0.00000
3.13961
4.21827
0.00000
14.34
12/16/2020
12/17/2020
12/17/2020
0.00000
0.00000
1.29572
0.47151
0.00000
0.82421
1.29572
0.00000
17.95
12/13/2019
12/16/2019
12/16/2019
0.00000
0.00000
0.47959
0.00000
0.00000
0.47959
0.47959
0.00000
13.68
12/14/2018
12/17/2018
12/17/2018
0.00000
0.00000
2.76487
0.40776
0.00000
2.35711
2.76487
0.00000
10.25
12/15/2017
12/18/2017
12/18/2017
0.00000
0.00000
1.45598
0.21806
0.00000
1.23792
1.45598
0.00000
14.33
12/16/2016
12/19/2016
12/19/2016
0.00000
0.00000
0.06026
0.00000
0.00000
0.06026
0.06026
0.00000
12.91
12/16/2015
12/17/2015
12/17/2015
0.00000
0.00000
1.58234
0.04157
0.00000
1.54077
1.58234
0.00000
12.00
12/17/2014
12/18/2014
12/18/2014
0.00000
0.00000
2.31921
0.46805
0.00000
1.85116
2.31921
0.00000
13.66
12/16/2013
12/17/2013
12/17/2013
0.00000
0.00000
2.12549
0.41041
0.00000
1.71508
2.12549
0.00000
14.25
12/14/2012
12/17/2012
12/17/2012
0.00000
0.03605
0.55958
0.00000
0.00000
0.55958
0.59563
0.00000
11.67
12/15/2011
12/16/2011
12/16/2011
0.00000
0.00000
0.98108
0.00000
0.00000
0.98108
0.98108
0.00000
10.63
12/16/2010
12/17/2010
12/17/2010
0.00000
0.00000
0.42401
0.00000
0.00000
0.42401
0.42401
0.00000
12.68
12/17/2009
12/18/2009
12/18/2009
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
9.79
12/18/2008
12/19/2008
12/19/2008
0.00000
0.00000
0.23760
0.00000
0.00000
0.23760
0.23760
0.00000
7.02
12/18/2007
12/19/2007
12/19/2007
0.00000
0.00000
1.93115
0.00000
0.00000
1.93115
1.93115
0.00000
12.28
12/18/2006
12/19/2006
12/19/2006
0.00000
0.00000
1.22060
0.00000
0.00000
1.22060
1.22060
0.00000
12.76
12/19/2005
12/20/2005
12/20/2005
0.00000
0.00000
1.05345
0.00000
0.00000
1.05345
1.05345
0.00000
12.52
12/29/2004
12/30/2004
12/30/2004
0.00000
0.00000
0.81883
0.00000
0.00000
0.81883
0.81883
0.00000
12.93
12/29/2003
12/30/2003
12/30/2003
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
12.46
12/27/2002
12/30/2002
12/30/2002
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
8.53
12/26/2001
12/27/2001
12/28/2001
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
10.74

Holdings

Portfolio Characteristics

As of 3/31/2024

72

Number of Holdings

7872.1

Wtd Avg Market Cap ($Mil)

4.59

Price/Book Ratio

31.2

Adjusted Trailing P/E Ratio

29.7

% EPS Growth - Past 3 Yr

15.37

Return on Equity (%)

26.5

Forecasted P/E Ratio

Top Ten Holdings

As of 3/31/2024

Company Name [Ticker]

% of Net Assets

Ascendis Pharma A/S Sponsored ADR[ASND]
4.3
Comfort Systems USA Inc.[FIX]
2.9
ITT Inc.[ITT]
2.8
Option Care Health Inc[OPCH]
2.4
Meritage Homes Corporation[MTH]
2.4
Casella Waste Systems Inc. Class A[CWST]
2.4
Samsara Inc. Class A[IOT]
2.2
Wingstop Inc.[WING]
2.2
AZEK Co. Inc. Class A[AZEK]
2.1
Insight Enterprises Inc.[NSIT]
2.1
% of Total Holdings:
25.9%

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

As of 3/31/2024

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Ascendis Pharma A/S Sponsored ADR [ASND]
Denmark Flag
450
151.17
68,036
4.3
Comfort Systems USA Inc. [FIX]
United States Flag
146
317.71
46,363
2.9
ITT Inc. [ITT]
United States Flag
323
136.03
43,873
2.8
Option Care Health Inc [OPCH]
United States Flag
1,142
33.54
38,301
2.4
Meritage Homes Corporation [MTH]
United States Flag
218
175.46
38,171
2.4
Casella Waste Systems Inc. Class A [CWST]
United States Flag
378
98.87
37,368
2.4
Samsara Inc. Class A [IOT]
United States Flag
923
37.79
34,868
2.2
Wingstop Inc. [WING]
United States Flag
92
366.40
33,789
2.2
AZEK Co. Inc. Class A [AZEK]
United States Flag
663
50.22
33,281
2.1
Insight Enterprises Inc. [NSIT]
United States Flag
180
185.52
33,353
2.1
M/I Homes Inc. [MHO]
United States Flag
239
136.29
32,591
2.1
Northern Oil and Gas Inc. [NOG]
United States Flag
781
39.68
30,987
2.0
Lincoln Electric Holdings Inc. [LECO]
United States Flag
115
255.44
29,258
1.9
Vaxcyte Inc. [PCVX]
United States Flag
412
68.31
28,130
1.8
Axalta Coating Systems Ltd. [AXTA]
United States Flag
803
34.39
27,598
1.8
WEX Inc. [WEX]
United States Flag
115
237.53
27,207
1.7
Haemonetics Corporation [HAE]
United States Flag
311
85.35
26,533
1.7
Avient Corporation [AVNT]
United States Flag
604
43.40
26,228
1.7
Saia Inc. [SAIA]
United States Flag
45
585.00
26,125
1.7
iRhythm Technologies Inc. [IRTC]
United States Flag
223
116.00
25,918
1.7
Fabrinet [FN]
United States Flag
133
189.02
25,174
1.6
Kinsale Capital Group Inc. [KNSL]
United States Flag
47
524.74
24,660
1.6
Lantheus Holdings Inc [LNTH]
United States Flag
396
62.24
24,638
1.6
Shift4 Payments Inc. Class A [FOUR]
United States Flag
372
66.07
24,550
1.6
Flywire Corp. [FLYW]
United States Flag
971
24.81
24,103
1.5
Churchill Downs Incorporated [CHDN]
United States Flag
190
123.75
23,523
1.5
WillScot Mobile Mini Holdings Corp. Class A [WSC]
United States Flag
507
46.50
23,596
1.5
Rocket Pharmaceuticals Inc. [RCKT]
United States Flag
856
26.94
23,053
1.5
Gitlab Inc. Class A [GTLB]
United States Flag
375
58.32
21,871
1.4
Texas Roadhouse Inc. [TXRH]
United States Flag
140
154.47
21,595
1.4
Impinj Inc. [PI]
United States Flag
167
128.41
21,385
1.4
Smartsheet Inc. Class A [SMAR]
United States Flag
549
38.50
21,142
1.4
Patterson-UTI Energy Inc. [PTEN]
United States Flag
1,734
11.94
20,701
1.3
Primerica Inc. [PRI]
United States Flag
81
252.96
20,536
1.3
Sensata Technologies Holding PLC [ST]
United States Flag
549
36.74
20,184
1.3
MoonLake Immunotherapeutics Class A [MLTX]
United States Flag
401
50.23
20,118
1.3
Nextracker Inc. Class A [NXT]
United States Flag
358
56.27
20,136
1.3
Inspire Medical Systems Inc. [INSP]
United States Flag
90
214.79
19,282
1.2
F5 Inc. [FFIV]
United States Flag
96
189.59
18,228
1.2
Tenable Holdings Inc. [TENB]
United States Flag
367
49.43
18,149
1.2
WNS (Holdings) Limited [WNS]
India Flag
353
50.53
17,834
1.1
Nova Ltd. [NVMI]
United States Flag
97
177.38
17,228
1.1
Super Micro Computer Inc. [SMCI]
United States Flag
17
1,010.03
16,920
1.1
Rexford Industrial Realty Inc. [REXR]
United States Flag
327
50.30
16,445
1.1
ChampionX Corporation [CHX]
United States Flag
451
35.89
16,170
1.0
CCC Intelligent Solutions Holdings Inc [CCCS]
United States Flag
1,341
11.96
16,040
1.0
Palomar Holdings Inc. [PLMR]
United States Flag
189
83.83
15,820
1.0
STAG Industrial Inc. [STAG]
United States Flag
403
38.44
15,499
1.0
Alkermes Public Limited Company [ALKS]
United States Flag
569
27.07
15,416
1.0
Dynatrace Inc. [DT]
United States Flag
331
46.44
15,388
1.0
Hexcel Corporation [HXL]
United States Flag
211
72.85
15,384
1.0
Lightspeed Commerce Inc [LSPD]
Canada Flag
1,099
14.06
15,452
1.0
Revolve Group Inc Class A [RVLV]
United States Flag
709
21.17
15,005
1.0
Bio-Rad Laboratories Inc. Class A [BIO]
United States Flag
43
345.87
14,965
1.0
Wintrust Financial Corporation [WTFC]
United States Flag
139
104.39
14,516
0.9
Innoviva Inc. [INVA]
United States Flag
935
15.24
14,256
0.9
MicroStrategy Incorporated Class A [MSTR]
United States Flag
8
1,704.56
14,013
0.9
Viking Therapeutics Inc. [VKTX]
United States Flag
161
82.00
13,193
0.8
Cytokinetics Incorporated [CYTK]
United States Flag
176
70.11
12,312
0.8
89bio Inc [ETNB]
United States Flag
1,001
11.64
11,654
0.7
Selective Insurance Group Inc. [SIGI]
United States Flag
106
109.17
11,587
0.7
Bicycle Therapeutics Plc Sponsored ADR [BCYC]
United Kingdom Flag
461
24.90
11,487
0.7
Coherent Corp. [COHR]
United States Flag
182
60.62
11,047
0.7
Rambus Inc. [RMBS]
United States Flag
146
61.81
9,020
0.6
Universal Display Corporation [OLED]
United States Flag
53
168.45
8,924
0.6
Calix Inc. [CALX]
United States Flag
259
33.16
8,596
0.5
Marqeta Inc. Class A [MQ]
United States Flag
1,449
5.96
8,633
0.5
Credo Technology Group Holding Ltd. [CRDO]
United States Flag
375
21.19
7,941
0.5
Camtek Ltd [CAMT]
United States Flag
92
83.77
7,684
0.5
Xenon Pharmaceuticals Inc. [XENE]
United States Flag
161
43.05
6,926
0.4
Ichor Holdings Ltd. [ICHR]
United States Flag
149
38.62
5,769
0.4
Mural Oncology Plc [MURA]
United States Flag
693
4.89
3,389
0.2
Total
--
--
--
1,529,115
97.7
Cash and Other Assets Less Liabilities
--
--
--
--
2.3
Total Net Assets
--
--
--
--
100%

As of 3/31/2024

Small Cap Growth Fund (HNSGX)

Russell 2000® Growth Index

-

Health Care

HNSGX: 24.0%

Benchmark: 21.3%

-

Information Technology

HNSGX: 22.2%

Benchmark: 23.9%

-

Industrials

HNSGX: 20.0%

Benchmark: 20.3%

-

Financials

HNSGX: 10.9%

Benchmark: 6.0%

-

Consumer Discretionary

HNSGX: 10.5%

Benchmark: 10.7%

-

Energy

HNSGX: 4.3%

Benchmark: 4.6%

-

Materials

HNSGX: 3.4%

Benchmark: 4.1%

-

Cash

HNSGX: 2.6%

Benchmark: NaN%

-

Real Estate

HNSGX: 2.0%

Benchmark: 1.5%

-

Communication Services

HNSGX: 0.0%

Benchmark: 1.9%

-

Consumer Staples

HNSGX: 0.0%

Benchmark: 4.4%

-

Utilities

HNSGX: 0.0%

Benchmark: 1.3%

HNSGX: Small Cap Growth Fund

Benchmark: Russell 2000® Growth Index

As of 3/31/2024

Economic Sector

Small Cap Growth Fund %

Russell 2000® Growth Index %

Financials

Economic sector icon
17.9
3.3

Industrials

Economic sector icon
15.8
9.3

Energy

Economic sector icon
12.4
11.1

Consumer Discretionary

Economic sector icon
10.6
6.1

Information Technology

Economic sector icon
6.4
16.4

Health Care

Economic sector icon
3.6
3.5

Materials

Economic sector icon
3.1
-1.2

Communication Services

Economic sector icon
0.0
-4.9

Consumer Staples

Economic sector icon
0.0
8.0

Utilities

Economic sector icon
0.0
-9.7

Real Estate

Economic sector icon
-5.7
-1.2

Investment Team


Westfield Capital Management

Westfield Capital Management Company, L.P. is dedicated to providing superior and consistent investment performance based on a disciplined, team-based approach, with exceptional client service. Westfield believes their greatest strength comes from the collective wisdom of a fully engaged and inspired team working together with clear objectives. Additionally, Westfield embraces their partnership structure, which aligns the advancement of the organization with their clients, and serves to attract and retain exceptional talent.

Documents

Important Information

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.

As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.

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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.

The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

©2024 Morningstar, Inc. 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.

3501993 

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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 © 2024 Harbor Capital Advisors, Inc. All rights reserved.