Harbor Small Cap Value Fund Investor Class (HISVX)

Fund Facts
Price (NAV) (12/02/2016) $29.16
Daily $ Change $0.07 
Daily % Change 0.24% 
YTD Return (12/02/2016) 20.30%
Average Annual Total Returns Since Inception (As of 11/30/2016) 10.71%
Inception Date 11/01/2002
Net Expense Ratio 1.24%
Gross Expense Ratio 1.24%
Portfolio Manager
Paul Viera
Total Net Assets (11/30/2016) $19.546 million
Overall Morningstar Rating
(655 Small Blend funds)
Ticker HISVX
Fund Number 2422
CUSIP 411511694
WSJ Symbol SmCpVal Inv
Investment Style
The Harbor Small Cap Value Fund is subadvised by EARNEST Partners LLC.  The Fund invests primarily in equity securities – common and preferred stocks – of small cap companies with stocks trading at prices below what the portfolio manager believes are their intrinsic values. In selecting stocks for the Fund, the portfolio manager:
  • Utilizes a value-based investment style seeking to identify companies with stocks trading at prices below what the portfolio manager believes are their intrinsic values
  • Applies fundamental and qualitative criteria to identify companies for the portfolio
  • Maintains relationships with key analysts and industry experts to obtain unbiased research perspectives

Performance Summary Performance Details >

As of Quarter Ended 09/30/2016
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 2000® Value Index is an unmanaged index representing the smallest 2000 stocks with the lowest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Value Index and Russell® are trademarks of Russell Investments.

The Harbor Small Cap Value Fund received a 4-star Overall Morningstar Rating™ as of 09/30/2016 out of 655 Small Blend funds. Small Cap Value Fund was rated 4-star among 570, 3-star among 387, and 0-star among 0 domestic Small Blend funds for the three-, five- and ten-year periods ended 09/30/2016, 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.

© 2016 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.

Restated to reflect current fees.

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.