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Harbor Capital Appreciation Fund (HACAX)

NAV as of 10/16/2026
$126.58
NAV Daily Change
-$2.80 ↓
NAV YTD Return
8.56% ↑
Net Expense Ratio (%)
0.67
Total Net Assets (million) as of 9/30/2026
$25,344.877
Total Share Class Net Assets (million)
$15,191.787
  • Long-Term Growth Investing. Active manager with five decades of experience identifying companies with sustainable competitive advantages and long-term growth potential. The team’s investors attempt to exploit market inefficiencies by investing in companies with underappreciated multi-year, structural growth opportunities.
  • Research-Centric Expertise. Jennison’s investment edge is driven by in-depth fundamental research conducted by teams of portfolio managers and research analysts with decades of experience following their respective sectors. These investors engage with multiple levels of company management and industry participants to build a strategic understanding of companies and identify potential growth catalysts and impediments to growth. They search for companies with significant competitive advantages and management teams able to execute on their growth opportunities.

Resources

Access in‑depth fund information and insights to help you capitalize on potential opportunities related to large cap growth equities.


Investment Team

Jennison Associates
Blair A. Boyer
Natasha Kuhlkin
Owuraka Koney

Learn More

As of 10/16/2026

$126.58

Price (NAV)

-$2.80

NAV Daily Change ($)

-2.16%

NAV Daily Change (%)

8.56%

NAV YTD Return

As of 9/30/2026

12/29/1987

Inception Date

0.67

Net Expense Ratio

0.72

Gross Expense Ratio

$25,344.877

Total Fund Net Assets (million)
As of 9/30/2026

$15,191.787

Total Share Class Net Assets (million)
As of 9/30/2026

HACAX

Ticker

2012

Fund Number

Share Class:

Institutional Class

Morningstar Medalist Rating™

Morningstar Silver
Analyst-Driven %
100
Data Coverage %
100
As of 7/23/2026
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.

Source: Morningstar

Performance

Select an option

Loading Performance Data...

3 Mo.
YTD Return
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
Capital Appreciation Fund
5.01%
10.03%
10.92%
23.90%
10.46%
17.32%
12.73%
0.67%
0.72%
Russell 1000® Growth Index
0.92%
6.30%
7.50%
24.26%
13.66%
18.16%
11.94%
--
--
S&P 500 Index
2.30%
12.75%
15.74%
22.89%
13.79%
15.33%
11.56%
--
--

Performance data shown represents past performance and is no guarantee of future results. Fund 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 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. The Standard & Poor's 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. These unmanaged indices do not reflect fees and expenses and are not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

Select an option

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
12/17/2025
12/18/2025
12/18/2025
0.00000
--
0.00000
--
0.00000
--
0.00000
0.00000
116.47
12/9/2025
12/10/2025
12/10/2025
0.00000
--
13.12011
--
0.00000
13.12011
13.12011
0.00000
118.30
12/18/2024
12/19/2024
12/19/2024
0.00000
--
12.36068
--
0.00000
12.36068
12.36068
0.00000
115.09
12/17/2023
12/18/2023
12/18/2023
0.00000
--
0.00000
--
0.00000
--
0.00000
0.00000
96.78
12/15/2022
12/18/2022
12/18/2022
0.00000
--
0.00000
--
0.00000
--
0.00000
0.00000
63.10
12/16/2021
12/19/2021
12/19/2021
0.00000
--
18.78540
--
0.00000
18.78540
18.78540
0.00000
95.90
12/15/2020
12/16/2020
12/16/2020
0.00000
0.00000
12.76479
0.00000
0.00000
12.76479
12.76479
0.00000
104.23
12/12/2019
12/15/2019
12/15/2019
0.00000
0.05047
6.67334
0.00000
0.00000
6.67334
6.72381
0.00000
74.60
12/13/2018
12/16/2018
12/16/2018
0.00000
0.14830
6.64723
0.00000
0.00000
6.64723
6.79553
0.00000
62.24
12/14/2017
12/17/2017
12/17/2017
0.00000
0.11238
7.91505
0.00000
0.00000
7.91505
8.02743
0.00000
70.20
12/15/2016
12/18/2016
12/18/2016
0.00000
0.06091
3.48780
0.00000
0.00000
3.48780
3.54871
0.00000
57.25
12/15/2015
12/16/2015
12/16/2015
0.00000
0.04869
4.10699
0.00000
0.00000
4.10699
4.15568
0.00000
61.03
12/16/2014
12/17/2014
12/17/2014
0.00000
0.04816
3.76608
0.00000
0.00000
3.76608
3.81424
0.00000
58.74
12/15/2013
12/16/2013
12/16/2013
0.00000
0.04510
1.72906
0.00000
0.00000
1.72906
1.77416
0.00000
54.57
12/13/2012
12/16/2012
12/16/2012
0.00000
0.16944
0.00000
0.00000
0.00000
0.00000
0.16944
0.00000
42.36
12/14/2011
12/15/2011
12/15/2011
0.00000
0.04266
0.00000
0.00000
0.00000
0.00000
0.04266
0.00000
36.19
12/15/2010
12/16/2010
12/16/2010
0.00000
0.07727
0.00000
0.00000
0.00000
0.00000
0.07727
0.00000
36.66
12/16/2009
12/17/2009
12/17/2009
0.00000
0.08679
0.00000
0.00000
0.00000
0.00000
0.08679
0.00000
32.29
12/17/2008
12/18/2008
12/18/2008
0.00000
0.15639
0.00000
0.00000
0.00000
0.00000
0.15639
0.00000
23.13
12/17/2007
12/18/2007
12/18/2007
0.00000
0.12233
0.00000
0.00000
0.00000
0.00000
0.12233
0.00000
36.50
12/17/2006
12/18/2006
12/18/2006
0.00000
0.07118
0.00000
0.00000
0.00000
0.00000
0.07118
0.00000
33.65
12/18/2005
12/19/2005
12/19/2005
0.00000
0.03054
0.00000
0.00000
0.00000
0.00000
0.03054
0.00000
33.02
12/28/2004
12/29/2004
12/29/2004
0.00000
0.10973
0.00000
0.00000
0.00000
0.00000
0.10973
0.00000
28.78
12/28/2003
12/29/2003
12/29/2003
0.00000
0.04852
0.00000
0.00000
0.00000
0.00000
0.04852
0.00000
26.26
12/26/2002
12/29/2002
12/29/2002
0.00000
0.03692
0.00000
0.00000
0.00000
0.00000
0.03692
0.00000
20.19
12/25/2001
12/26/2001
12/27/2001
0.00000
0.03917
0.00000
0.00000
0.00000
0.00000
0.03917
0.00000
29.47
12/19/2000
12/20/2000
12/21/2000
0.00000
0.00000
6.17401
0.00000
0.00000
6.17401
6.17401
0.00000
34.01
12/20/1999
12/21/1999
12/22/1999
0.00000
0.00000
4.60205
0.11634
0.00000
4.48571
4.60205
0.00000
49.14
12/27/1998
12/28/1998
12/30/1998
0.00000
0.06501
2.27618
0.00000
0.00000
2.27618
2.34119
0.00000
38.25
12/23/1997
12/25/1997
12/30/1997
0.00000
0.06684
4.85048
0.85839
1.91583
2.07626
4.91732
0.00000
28.18
12/23/1996
12/25/1996
12/30/1996
0.00000
0.02107
0.85964
0.00000
0.00000
0.85964
0.88071
0.00000
26.84
12/21/1995
12/25/1995
12/28/1995
0.00000
0.02582
0.31401
0.00000
0.00000
0.31401
0.33983
0.00000
22.69
12/22/1994
12/26/1994
12/29/1994
0.00000
0.03791
0.17459
0.00000
0.00000
0.17459
0.21250
0.00000
16.75
12/22/1993
12/26/1993
12/30/1993
0.00000
0.03447
1.12874
0.00000
0.00000
1.12874
1.16321
0.00000
16.18
12/23/1992
12/27/1992
12/30/1992
0.00000
0.01968
2.03511
0.16482
0.00000
1.87029
2.05479
0.00000
15.55
12/25/1991
12/26/1991
12/30/1991
0.00000
0.04335
0.97962
0.39165
0.00000
0.58797
1.02297
0.00000
15.61
12/23/1990
12/25/1990
12/30/1990
0.00000
0.14059
0.85820
0.00000
0.00000
0.85820
0.99879
0.00000
11.11
12/20/1989
12/21/1989
12/29/1989
0.00000
0.20724
1.18225
0.28386
0.00000
0.89839
1.38949
0.00000
12.09
12/22/1988
12/26/1988
12/29/1988
0.00000
0.17814
0.38113
0.23098
0.00000
0.15015
0.55927
0.00000
10.88

Holdings

As of 9/30/2026

53

Number of Holdings

2092895.8

Wtd Avg Market Cap ($Mil)

15.62

Price/Book Ratio

32.9

Adjusted Trailing P/E Ratio

44.6

% EPS Growth - Past 3 Yr

30.24

Return on Equity (%)

30.1

Forecasted P/E Ratio

As of 9/30/2026

Company Name [Ticker]
% of Net Assets
NVIDIA Corporation[NVDA]
10.8
Apple Inc.[AAPL]
7.3
Microsoft Corporation[MSFT]
6.0
Amazon.com Inc.[AMZN]
5.3
Broadcom Inc.[AVGO]
5.1
Eli Lilly and Company[LLY]
4.5
Advanced Micro Devices Inc.[AMD]
4.3
Alphabet Inc. Class C[GOOG]
4.1
Alphabet Inc. Class A[GOOGL]
3.9
Meta Platforms Inc Class A[META]
3.7
% of Total Holdings:
55.0%

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 9/30/2026

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
NVIDIA Corporation [NVDA]
United States Flag
11,979
228.38
2,735,793
10.8
Apple Inc. [AAPL]
United States Flag
5,586
333.02
1,860,386
7.3
Microsoft Corporation [MSFT]
United States Flag
2,954
512.90
1,514,947
6.0
Amazon.com Inc. [AMZN]
United States Flag
5,353
249.15
1,333,762
5.3
Broadcom Inc. [AVGO]
United States Flag
3,646
351.19
1,280,491
5.1
Eli Lilly and Company [LLY]
United States Flag
987
1,157.08
1,142,333
4.5
Advanced Micro Devices Inc. [AMD]
United States Flag
1,767
611.76
1,081,057
4.3
Alphabet Inc. Class C [GOOG]
United States Flag
3,075
340.74
1,047,676
4.1
Alphabet Inc. Class A [GOOGL]
United States Flag
2,902
344.08
998,611
3.9
Meta Platforms Inc Class A [META]
United States Flag
1,307
725.18
947,612
3.7
CrowdStrike Holdings Inc. Class A [CRWD]
United States Flag
2,347
264.75
621,339
2.5
Mastercard Incorporated Class A [MA]
United States Flag
1,071
551.47
590,625
2.3
Snowflake Inc. [SNOW]
United States Flag
1,648
339.56
559,502
2.2
Tesla Inc. [TSLA]
United States Flag
1,551
354.81
550,173
2.2
Visa Inc. Class A [V]
United States Flag
1,505
359.33
540,644
2.1
GE Aerospace [GE]
United States Flag
1,416
312.29
442,252
1.7
Walmart Inc. [WMT]
United States Flag
3,730
103.92
387,579
1.5
Netflix Inc. [NFLX]
United States Flag
5,434
69.58
378,097
1.5
Vertex Pharmaceuticals Incorporated [VRTX]
United States Flag
696
522.81
363,947
1.4
Intuitive Surgical Inc. [ISRG]
United States Flag
859
406.63
349,496
1.4
Palantir Technologies Inc. Class A [PLTR]
United States Flag
1,854
187.05
346,788
1.4
Sandisk Corporation [SNDK]
United States Flag
195
1,739.89
339,084
1.3
Amphenol Corporation Class A [APH]
United States Flag
3,943
84.30
332,405
1.3
Datadog Inc. Class A [DDOG]
United States Flag
1,202
273.85
329,072
1.3
Cadence Design Systems Inc. [CDNS]
United States Flag
958
330.18
316,361
1.2
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]
Taiwan Flag
671
456.19
306,286
1.2
Spotify Technology SA [SPOT]
Sweden Flag
604
487.38
294,290
1.2
Costco Wholesale Corporation [COST]
United States Flag
310
910.34
282,440
1.1
Hilton Worldwide Holdings Inc. [HLT]
United States Flag
825
318.12
262,488
1.0
Texas Instruments Incorporated [TXN]
United States Flag
934
280.09
261,597
1.0
Shopify Inc. Class A [SHOP]
Canada Flag
1,657
148.30
245,807
1.0
Cloudflare Inc Class A [NET]
United States Flag
707
347.28
245,364
1.0
Goldman Sachs Group Inc. [GS]
United States Flag
271
900.36
244,326
1.0
Keysight Technologies Inc [KEYS]
United States Flag
643
364.04
233,998
0.9
Boeing Company [BA]
United States Flag
1,257
186.05
233,936
0.9
Space Exploration Technologies Corp. Class A [SPCX]
United States Flag
1,443
150.86
217,672
0.9
MercadoLibre Inc. [MELI]
United States Flag
115
1,728.53
198,003
0.8
Airbnb Inc. Class A [ABNB]
United States Flag
1,104
160.65
177,426
0.7
Constellation Energy Corporation [CEG]
United States Flag
631
254.02
160,356
0.6
TJX Companies Inc [TJX]
United States Flag
1,172
132.31
155,072
0.6
Lam Research Corporation [LRCX]
United States Flag
446
328.51
146,540
0.6
O'Reilly Automotive Inc. [ORLY]
United States Flag
1,661
85.41
141,889
0.6
Vertiv Holdings Co. Class A [VRT]
United States Flag
586
241.31
141,332
0.6
Corning Inc [GLW]
United States Flag
880
153.76
135,283
0.5
Credo Technology Group Holding Ltd. [CRDO]
United States Flag
626
194.79
121,907
0.5
ServiceNow Inc. [NOW]
United States Flag
846
134.01
113,384
0.4
Starbucks Corporation [SBUX]
United States Flag
1,196
93.96
112,406
0.4
Walt Disney Company [DIS]
United States Flag
955
104.90
100,159
0.4
KLA Corporation [KLAC]
United States Flag
487
194.93
94,952
0.4
Roivant Sciences Ltd. [ROIV]
United States Flag
2,167
36.57
79,242
0.3
Toast Inc. Class A [TOST]
United States Flag
1,724
28.99
49,972
0.2
DoorDash Inc. Class A [DASH]
United States Flag
250
183.55
45,890
0.2
Uber Technologies Inc. [UBER]
United States Flag
654
68.51
44,809
0.2
Total
--
--
--
25,236,856
99.5
Cash and Other Assets Less Liabilities
--
--
--
--
0.5
Total Net Assets
--
--
--
--
100.0

As of 9/30/2026

Sector Breakdown

Information Technology

HACAX

52.2%

Benchmark

56.4%

Communication Services

HACAX

15.7%

Benchmark

16.5%

Consumer Discretionary

HACAX

11.7%

Benchmark

7.2%

Health Care

HACAX

7.6%

Benchmark

5.4%

Financials

HACAX

5.6%

Benchmark

4.5%

Industrials

HACAX

3.4%

Benchmark

7.4%

Consumer Staples

HACAX

2.6%

Benchmark

1.2%

Utilities

HACAX

0.6%

Benchmark

0.2%

Cash

HACAX

0.5%

Benchmark

0.0%

Energy

HACAX

0.0%

Benchmark

0.5%

Materials

HACAX

0.0%

Benchmark

0.2%

Real Estate

HACAX

0.0%

Benchmark

0.4%

HACAX: Capital Appreciation Fund

Benchmark: Russell 1000® Growth Index

As of 9/30/2026

Economic Sector
Capital Appreciation Fund %
Russell 1000® Growth Index %

Information Technology

12.1
5.5

Communication Services

2.7
1.1

Financials

2.6
3.7

Utilities

2.4
-19.0

Real Estate

--
-5.2

Energy

--
15.3

Materials

--
0.6

Health Care

-0.6
1.8

Consumer Discretionary

-2.8
-11.1

Consumer Staples

-5.5
-5.2

Industrials

-15.1
-16.8

Investment Team

Jennison Associates

Jennison Associates LLC believes that sustainable alpha generation is possible through a combination of deep fundamental research, specialized investment teams comprised of highly experienced portfolio managers and research analysts, bottom‑up portfolio construction, and high‑conviction investing. Jennison places an equal premium on the support of deep, longstanding client relationships. Over their history, they have expanded their array of capabilities across active equity, comprising a range of style, geography and market capitalization, and fixed income.

Blair A. Boyer

Blair A. Boyer

Managing Director & Co-Head of Growth Equity

Natasha Kuhlkin

Natasha Kuhlkin

CFA, Managing Director & Co-Head of Growth Equity

Owuraka Koney

Owuraka Koney

CFA, Managing Director

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. 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 may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions.

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.

©2026 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. Harbor Capital provides compensation in connection with obtaining or using third‑party ratings and rankings.