News & Commentary

Harbor Funds Announces Launch of Harbor Strategic Growth Fund
March 06, 2017

Harbor Funds today announced the addition of Harbor Strategic Growth Fund (the "Fund") to its lineup of no-load mutual funds. The Fund, which commenced operations today, is subadvised by Mar Vista Investment Partners, LLC ("Mar Vista").  View fund details.

Through a reorganization that occurred after the close of business on March 3, 2017, the Fund acquired the assets of the Mar Vista Strategic Growth Fund (the "Predecessor Fund"), which Mar Vista has managed since its inception in 2011.

Silas Myers, Brian Massey, Joshua Honeycutt and Jeffrey Prestine of Mar Vista are the portfolio managers of the Fund.  Messrs. Myers and Massey have co-managed the Predecessor Fund since its inception in 2011. The Fund seeks long-term growth of capital by investing in equity securities that are believed to have strong growth characteristics and are undervalued. Under normal market conditions, the Fund will invest primarily in equity securities of U.S. companies.  The Fund will typically maintain a portfolio of approximately 30-50 stocks. Holdings are generally spread across a number of industries/sectors with a higher percentage in sectors that the Fund's portfolio managers believe have greater investment opportunities. (See the Prospectus and Statement of Additional Information for more information on the Fund). 

"We are excited to partner with Mar Vista to add this large cap growth fund to the Harbor Funds lineup," said David G. Van Hooser, Chairman of Harbor Funds.  "We extend a warm welcome to former shareholders of the Mar Vista Strategic Growth Fund as they join the Harbor Funds family."

Brian L. Collins, Vice President of Harbor Funds and Chief Investment Officer of Harbor Capital Advisors, the adviser to Harbor Funds, commented, "This is the first fund adoption by Harbor Funds.  It is a great opportunity to expand the fund offerings within Harbor Funds and offer shareholders the opportunity to invest in an established fund with a growth at a reasonable price strategy.  We believe this fund adoption will benefit the former shareholders of the Mar Vista Strategic Growth Fund and future shareholders of the new Fund."

The Harbor Funds lineup of actively managed, no-load mutual funds had combined net assets of approximately $69 billion as of February 28, 2017.  Each Harbor fund is managed by an institutional investment firm selected by Harbor Capital Advisors, Inc. and approved by the Harbor Funds Board of Trustees based on the firm's experience in a specific asset class.  Fees and expenses apply to an investment in Harbor Funds and are described in each fund's current prospectus.   

There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down.