Harbor Capital Appreciation Fund (HACAX)
Harbor Capital Appreciation Fund (HACAX)
Request a Call
Why Invest Section?
1. No matter the point in a market cycle, Jenni son's stability of firm, team, philosophy and process remain intact. The firm employs repeatable process disciplines that have delivered quality investment results over time, making HACAX appropriate as a cornerstone in your clients' portfolios.
2. The Fund invests in large-capitalization companies that it believes have attractive prospects for long-term growth stemming from structural competitive advantages, industry leadership and innovation, and strong free cash flow.
3. HACAX may be appropriate as a fixture in a well-balanced portfolio given Jennison's long-term growth investing heritage, research-centric expertise and disciplined portfolio construction.
Overview: Objective & Investment Approach
Investment Objective: The Fund seeks long-term growth of capital.
Investment Approach: HACAX offers a distinct opportunity to showcase the benefits of an active approach in pursuit of long-term growth of capital by investing in large-capitalization companies using a proprietary combination of bottom up, fundamental research and disciplined portfolio construction.
Related Products to Consider
Overview
Investment Team
Morningstar Medalist Rating™
100
100
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. |
“Our fundamental research is what enables us to identify companies that create real economic value over time.”
Kathleen McCarragher
Managing Director & Head of Growth Equity, Jennison Associates LLC
Performance
Price History
Distribution History
Record Date
Reinvest Date
Payable Date
Return of Capital Non Taxable Dist
Ordinary Income
Total Capital Gains
Short Term Capital Gains
Mid Term Capital Gains
Long Term Capital Gains
Total Distribution
Foreign Tax Credit
Reinvest Price
Holdings
Full Holdings
As of 6/30/2024
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Sector Allocation
As of 6/30/2024
Capital Appreciation Fund (HACAX)
Russell 1000® Growth Index
Information Technology
HACAX: 41.3%
Benchmark: 46.9%
Consumer Discretionary
HACAX: 18.6%
Benchmark: 14.0%
Communication Services
HACAX: 15.2%
Benchmark: 12.6%
Health Care
HACAX: 10.8%
Benchmark: 10.1%
Financials
HACAX: 6.9%
Benchmark: 5.6%
Industrials
HACAX: 3.6%
Benchmark: 5.1%
Consumer Staples
HACAX: 2.9%
Benchmark: 3.8%
Cash
HACAX: 0.8%
Benchmark: NaN%
Energy
HACAX: NaN%
Benchmark: 0.5%
Materials
HACAX: NaN%
Benchmark: 0.6%
Real Estate
HACAX: NaN%
Benchmark: 0.8%
Utilities
HACAX: NaN%
Benchmark: 0.1%
HACAX: Capital Appreciation Fund
Benchmark: Russell 1000® Growth Index
Sector Returns
As of 6/30/2024
Economic Sector
Capital Appreciation Fund %
Russell 1000® Growth Index %
Health Care
Information Technology
Consumer Staples
Communication Services
Consumer Discretionary
Energy
Materials
Utilities
Financials
Real Estate
Industrials
Investment Team
Jennison Associates LLC believes that sustainable alpha generation is possible through a combination of deep fundamental research, specialized investment teams comprised of highly experienced portfolio managers and research analysts, bottom-up portfolio construction, and high-conviction investing. Jennison places an equal premium on the support of deep, longstanding client relationships. Over their history, they have expanded their array of capabilities across active equity, comprising a range of style, geography and market capitalization, and fixed income.
Documents
Name
Date
File
Important Information
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.
As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions.
Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.
Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.
Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.
% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.
Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.
The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
©2024 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. Past performance is no guarantee of future results.