Harbor Funds Announces Launch of Harbor Small Cap Value Opportunities Fund
Harbor Funds today announced the addition of Harbor Small Cap Value Opportunities Fund to its lineup of no-load mutual funds. The new fund, which commences operations today, is subadvised by Sapience Investments, LLC ("Sapience").
The investment goal of Harbor Small Cap Value Opportunities Fund is long-term total return. Under normal market conditions, the Fund invests primarily (no less than 80% of its total assets) in equity securities, principally common stocks, of small cap companies. The portfolio manager of the Fund will be Samir Sikka, Chief Investment Officer and Chief Executive Officer of Sapience. View fund details.
"We are very pleased to partner with Sapience to add the Harbor Small Cap Value Opportunities Fund to the Harbor Funds lineup," said David G. Van Hooser, Chairman of Harbor Funds. "We extend a warm welcome to Samir Sikka and the Sapience team as they join the Harbor Funds family."
Brian L. Collins, Vice President of Harbor Funds and Chief Investment Officer of Harbor Capital Advisors, the adviser to Harbor Funds, commented, "We are excited about the opportunity to work with Sapience and to introduce the Harbor Small Cap Value Opportunities Fund. The Sapience team has significant experience investing in small cap equities that we believe will benefit shareholders of the Fund."
The Harbor Funds lineup of actively managed, no-load mutual funds had combined net assets of approximately $71 billion as of June 30, 2017. Each Harbor fund is managed by an institutional investment firm selected by Harbor Capital Advisors, Inc. and approved by the Harbor Funds Board of Trustees based on the firm's experience in a specific asset class. Fees and expenses apply to an investment in Harbor Funds and are described in each fund's current prospectus.
There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.