Harbor Large Cap Value Fund Institutional Class (HAVLX)

Fund Facts
Price (NAV) (09/08/2010) $6.81
Daily $ Change $0.03 
Daily % Change 0.44% 
YTD Return (09/08/2010) -2.99%
Average Annual Total Returns Since Inception (As of 08/31/2010) 8.45%
Inception Date 12/29/1987
Net Expense Ratio 0.70%
Gross Expense Ratio 0.77%
Portfolio Manager
Cohen & Steers Capital Management, Inc.
Richard E. Helm, CFA
Total Net Assets (08/31/2010) $281.848 million
Overall Morningstar Rating
(1116 Large Value funds)
Ticker HAVLX
Fund Number 2013
CUSIP 411511603
WSJ Symbol LgCpValue
Investment Style
Overview

The Harbor Large Cap Value Fund is subadvised by Cohen & Steers Capital Management, Inc. The Fund invests primarily in the common and preferred stocks of large cap companies. The portfolio manager focuses on companies with sustainable cash flow, the ability to pay and grow dividends over the long term, and those that may be undervalued. The 60 to 80 companies chosen operate across a number of different sectors and:

  • Maintain competitive positions within their industries
  • Have strong company management
  • Implement a solid business model
  • Generate attractive cash flow
  • Have a commitment to dividends and their growth
  • Trade at prices below their future valuation target

Performance Summary Performance Details >

As of Quarter-Ended 06/30/2010
YTD1 Year5 Year10 YearSince Inception
-9.26%7.53%-2.31%2.21%8.39%

Growth of a Hypothetical $10,000 Investment

Potential Risk & Return - Domestic Equity Funds

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data shown. Investment returns and the value of an investment will fluctuate, and an investor's shares, when sold, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end (available within seven business days after the most recent month-end) by calling 800-422-1050 or visiting www.harborfunds.com.

The Harbor Funds performance shown assumes the reinvestment of dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized.

From time to time, certain fees and/or expenses have been voluntarily waived, which has resulted in higher returns. Without these waivers, the returns would have been lower. Voluntary waivers may be applied or discontinued at any time without notice.

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

The Harbor Large Cap Value Fund received a 3-star Overall Morningstar Rating™ as of 07/31/2010 out of 1116 Large Value funds. Large Cap Value Fund was rated 4-star among 1116, 3-star among 944, and 3-star among 486 domestic Large Value funds for the three-, five- and ten-year periods ended 07/31/2010, respectively. The Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variations in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© 2010 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.


Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.

Voluntary. Waivers may be discontinued at any time without notice, although the adviser has no present intention to do so.

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.