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HACAX Harbor Capital Appreciation Instl

  • Fund
  • HACAX
  • Price as of: Dec 05, 2016
  • $59.99
  • + $0.71
  • + 1.20%
  • Category
  • Large Cap Growth Equities

HACAX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return 9.0%
  • 5 Yr Annualized Return 13.2%
  • Net Assets $24.7 B
  • Holdings in Top 10 36.2%

52 WEEK LOW AND HIGH

$59.99
$50.29
$66.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

$50,000

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Harbor Capital Appreciation Fund
  • Fund Family Name Harbor
  • Inception Date Dec 29, 1987
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kathleen A. McCarragher

Fund Description

Harbor Capital Appreciation Fund Institutional Class (HACAX) seeks to provide long-term growth of investor capital. The actively managed fund is a pure, large-cap growth fund. The team at HACAX seeks undervalued growth stocks by engaging in research, site visits and meetings with top management. Metrics used to determine such status include balance sheet strength and sales momentum. There is no sector mandate for the fund and it can invest in international non-U.S. stocks.

Despite its low costs and great long-term performance, the fund’s growth mandate makes HACAX strictly a tactical position. The fund is managed by Jennison Associates.

HACAX - Performance

Return Ranking - Trailing

Period HACAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.3% -97.0% 130.0% 73.01% 4
1 Yr -1.2% -52.0% 75.7% 71.31% 4
3 Yr 9.0% * -15.1% 30.2% 15.61% 1
5 Yr 13.2% * 3.7% 17.1% 21.93% 2
10 Yr 8.3% * -0.3% 11.5% 14.73% 1

* Annualized


Return Ranking - Calendar

Period HACAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 3.9% -52.0% 11.4% 8.00% 1
2014 3.2% -40.3% 19.3% 33.96% 2
2013 33.3% -11.8% 56.4% 20.18% 2
2012 15.2% -21.6% 29.1% 35.38% 2
2011 0.5% -36.6% 14.5% 18.98% 1

Total Return Ranking - Trailing

Period HACAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.3% -97.0% 135.1% 75.46% 5
1 Yr -1.2% -71.3% 2606.2% 58.38% 3
3 Yr 9.0% * -21.9% 43.7% 13.65% 1
5 Yr 13.2% * 2.5% 17.1% 19.27% 1
10 Yr 8.3% * -0.6% 11.5% 13.43% 1

* Annualized


Total Return Ranking - Calendar

Period HACAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 11.9% -38.0% 19.0% 3.97% 1
2014 11.6% -17.3% 28.8% 54.01% 3
2013 48.6% -2.9% 382.6% 46.15% 3
2012 21.5% -13.0% 615.0% 58.19% 3
2011 0.8% -100.0% 67.8% 24.91% 2

NAV & Total Return History

HACAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

HACAX Category Low Category High HACAX % Rank Quintile
Net Assets 24.7 B 373 K 143 B 0.77% 1
Number of Holdings 62 1 2209 9.58% 3
Net Assets in Top 10 9.22 B 0 36 B 0.64% 1
Weighting of Top 10 36.2% 0.0% 150.9% 13.82% 3

Top 10 Holdings

  1. Apple Inc 3.71%
  2. Facebook Inc A 4.53%
  3. Mastercard Inc A 2.60%
  4. Amazon.com Inc 6.67%
  5. Visa Inc Class A 3.70%
  6. Tencent Holdings Ltd 3.26%
  7. Alibaba Group Holding Ltd ADR 3.54%
  8. Microsoft Corp 3.03%
  9. Alphabet Inc C 2.58%
  10. Alphabet Inc A 2.58%

Asset Allocation

Weighting Category Low Category High HACAX % Rank Quintile
Stocks
99.59% 0.00% 110.73% 2.38% 1
Cash
0.41% -10.73% 100.00% 18.57% 4
Other
0.00% -1.57% 24.55% 8.23% 4
Convertible Bonds
0.00% 0.00% 3.55% 0.77% 4
Preferred Stocks
0.00% 0.00% 5.54% 2.57% 4
Bonds
0.00% -0.14% 76.74% 3.53% 4

Stock Sector Breakdown

Weighting Category Low Category High HACAX % Rank Quintile
Technology
33.81% -1.29% 53.81% 3.47% 1
Consumer Cyclical
30.14% -2.22% 49.24% 0.39% 1
Healthcare
14.50% -1.03% 91.28% 16.13% 4
Financial Services
7.27% -2.38% 33.61% 19.22% 4
Industrials
4.60% -0.37% 25.68% 24.29% 5
Consumer Defense
3.45% -1.43% 27.63% 22.62% 5
Communication Services
2.90% 0.00% 12.93% 12.34% 3
Energy
2.40% -1.24% 16.17% 13.30% 3
Basic Materials
0.52% -1.18% 12.25% 17.93% 5
Real Estate
0.00% -0.04% 11.06% 13.95% 5
Utilities
0.00% -0.64% 12.13% 8.16% 4

Stock Geographic Breakdown

Weighting Category Low Category High HACAX % Rank Quintile
US
86.59% 0.00% 110.73% 22.24% 5
Non US
13.00% 0.00% 89.90% 2.76% 1

HACAX - Expenses

Operational Fees

HACAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.68% 0.00% 24.91% 14.73% 1
Management Fee 0.60% 0.00% 1.50% 2.96% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

HACAX Fees (% of AUM) Category Low Category High HACAX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

HACAX Fees (% of AUM) Category Low Category High HACAX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HACAX Fees (% of AUM) Category Low Category High HACAX Rank Quintile
Turnover 37.00% 0.00% 601.00% 10.35% 2

HACAX - Distributions

Dividend Yield Analysis

HACAX Category Low Category High HACAX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.85% 56.03% 4

Dividend Distribution Analysis

HACAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

HACAX Category Low Category High HACAX % Rank Quintile
Net Income Ratio 0.12% -7.69% 3.70% 9.52% 3

Capital Gain Distribution Analysis

HACAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

HACAX - Managers

Kathleen A. McCarragher

Manager

Start Date

Mar 01, 2013

Tenure

3.67

Tenure Rank

9.0%

McCarragher is a managing director and head of growth equity with Jennison, Ms. McCarragher joined Jennison Associates as an Executive Vice President and portfolio manager in May 1998. She was appointed Head of Growth Equity in January 2003. Previously, she was managing director and director at Weiss, Peck & Greer from 1992 to 1998. McCarragher joined the firm after 10 years with State Street Research and Management Company, initially as a research analyst responsible for health care, transports and financials, and then as a portfolio manager and member of the investment committee. Ms. McCarragher graduated summa cum laude from the University of Wisconsin-Eau Claire with a BBA and received her MBA from Harvard Business School.


Spiros “Sig” Segalas

Manager

Start Date

May 01, 1990

Tenure

26.52

Tenure Rank

0.3%

Spiros "Sig" Segalas is one of the founders of Jennison Associates. In addition to managing institutional portfolios, he has managed the Harbor Capital Appreciation Fund since May 1990. He is also co-manager of the Prudential Jennison Blend Fund, Prudential Jennison Growth Fund, Prudential Jennison 20/20 Focus Fund, and the Prudential Jennison Select Growth Fund. Sig was recognized as a "Manager of the Decade" in 2000 by Mutual Fund magazine. Sig began his investment career as a research analyst with Bankers Trust Company in 1960 and was responsible for technology, aerospace, and conglomerate securities. In 1963, he was appointed group head of the technology group; in 1967, he was asked to manage a newly introduced commingled emerging growth fund, The Supplemental Equity Fund, for the bank's institutional clients. He was also appointed to the bank's investment policy group. Sig received a BA from Princeton University, after which he served as an officer in the US Navy. He also spent some time in the shipping and construction industries before joining Bankers Trust.


Tenure Analysis

Category Low

0.0

Category High

48.9

Category Average

7.16

Category Mode

4.8