Harbor Capital Appreciation Fund Investor Class (HCAIX)

Fund Facts
Price (NAV) (02/26/2015) $61.64
Daily $ Change $0.09 
Daily % Change 0.15% 
YTD Return (02/26/2015) 7.56%
Average Annual Total Returns Since Inception (As of 01/31/2015) 9.37%
Inception Date 11/01/2002
Net Expense Ratio 1.02%
Gross Expense Ratio 1.05%
Portfolio Manager
Jennison Associates LLC
Spiros "Sig" Segalas
Kathleen A. McCarragher
Total Net Assets (01/31/2015) $1,890.757 million
Overall Morningstar Rating
(1538 Large Growth funds)
Ticker HCAIX
Fund Number 2412
CUSIP 411511819
WSJ Symbol CapAp Inv
Investment Style
The Harbor Capital Appreciation Fund, subadvised by Jennison Associates, LLC, invests primarily in equity securities, specifically U.S. companies with market capitalizations of at least $1 billion at the time of purchase. Through rigorous research, visits, and meetings with top management, the portfolio manager knows these businesses intimately, and only invests in those that the portfolio manager believes have:
  • Strong balance sheets and earnings performance
  • Sales momentum and growth outlook
  • Highly profitability history or potential
  • Unique market position
  • A capable and committed management team

The Fund stays fully invested in stocks and does not try to time the market, but instead works toward steady investment growth.

Performance Summary Performance Details >

As of Quarter Ended 12/31/2014
YTD1 Year5 Year10 YearSince Inception

Growth of a Hypothetical $10,000 Investment

Source: Morningstar, Inc.

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 past 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 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 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 Russell Investments.

The S&P 500 Index is an unmanaged index generally representative of the U.S. stock market. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Capital Appreciation Fund received a 4-star Overall Morningstar Rating™ as of 01/31/2015 out of 1538 Large Growth funds. Capital Appreciation Fund was rated 3-star among 1538, 3-star among 1324, and 4-star among 906 domestic Large Growth funds for the three-, five- and ten-year periods ended 01/31/2015, respectively. The Morningstar Rating is for the Investor 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.

© 2014 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.

The Adviser has contractually agreed to reduce the management fee to 0.58% on assets between $5 billion and $10 billion, 0.57% on assets between $10 billion and $15 billion and 0.56% on assets over $15 billion through February 28, 2015.  Only the Board of Trustees may modify or terminate this agreement. 

Contractual management fee waiver until February 28, 2015

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.

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.