Harbor Large Cap Value Fund Investor Class (HILVX)

Fund Facts
Price (NAV) (02/11/2016) $10.11
Daily $ Change -$0.19 
Daily % Change -1.84% 
YTD Return (02/11/2016) -11.24%
Average Annual Total Returns Since Inception (As of 01/31/2016) 7.54%
Inception Date 11/01/2002
Net Expense Ratio 1.05%
Gross Expense Ratio 1.08%
Portfolio Manager
Aristotle Capital Management, LLC
Howard Gleicher, CFA
Total Net Assets (01/31/2016) $28.795 million
Overall Morningstar Rating
(1409 Large Blend funds)
Ticker HILVX
Fund Number 2413
CUSIP 411511744
WSJ Symbol LgCpVal Inv
Investment Style
The Large Cap Value Fund is subadvised by Aristotle Capital Management, LLC and invests primarily in equity securities, principally common and preferred stocks, of companies with market capitalizations that fall within the range of the Russell 1000® Value Index. As of December 31, 2013, the range of the Index was $1.1 billion to $500.7 billion, but it is expected to change frequently.

The Subadviser employs a fundamental, bottom-up research driven approach to identify companies for investment by the Fund.  The Subadviser focuses on those companies that it believes have higher quality businesses that are undervalued by the market relative to what the Subadviser believes to be their fair value.  The Subadviser also looks for one or more catalysts that may help the company realize that fair value.

The Subadviser seeks to identify higher quality companies by focusing on the following attributes:

  • Attractive business fundamentals
  • Financially strong
  • Experienced, motivated company management
  • Exhibit high and/or consistently improving market position, return on invested capital and operating margins

Under normal market conditions, the Fund expects to invest in approximately 35 to 45 companies.

Performance Summary Performance Details >

As of Quarter Ended 12/31/2015
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® 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 01/31/2016 out of 1409 Large Blend funds. Large Cap Value Fund was rated 3-star among 1409, 4-star among 1238, and 3-star among 894 domestic Large Blend funds for the three-, five- and ten-year periods ended 01/31/2016, 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.

© 2015 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 limit the Fund's operating expenses, excluding interest expense (if any), through February 29, 2016. Only the Board of Trustees may modify or terminate this agreement.

Restated to reflect current fees.

Contractual expense limitation, excluding interest expense, if any, until February 29, 2016.

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.