Harbor Small Cap Growth Opportunities Fund
Data updated: 2020-06-22
C000136185 — Harbor Small Cap Growth Opportunities Fund. United States Small Cap Growth Equity · $160.62M AUM. Holdings, fees, performance and SEC filings.
C000136185 Fund Overview
Harbor Small Cap Growth Opportunities Fund is a US mutual fund managed by Harbor Funds, categorised as United States Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Harbor Funds
- Category: United States Small Cap Growth Equity
- Assets under management: $160.62M
- SEC CIK: 0000793769
- SEC series ID: S000043894
- Share class ID: C000136185
C000136185 Investment Objective and Strategy
Harbor Small Cap Growth Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Harbor Funds.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
The Fund invests primarily in equity securities, principally common and preferred stocks of small cap companies. The Fund defines small cap companies as those with market capitalizations that fall within the range of the Russell 2000® Growth Index, provided that if the upper end of the capitalization range of that Index falls below $2.5 billion, the Fund will continue to define those companies with market capitalizations between the upper end of the range of the Index and $2.5 billion as small cap companies. As of December 31, 2017, the range of the Index was $4 million to $9.4 billion, but it is expected to change frequently. The Subadviser's investment strategy focuses on identifying rapidly growing small cap companies that are in an early or transitional stage of their development and before their full potential is discovered by the market.
The Subadviser utilizes bottom-up, fundamental research involving both quantitative and qualitative aspects to identify companies for investment. The Subadviser uses quantitative analysis to identify potential companies for growth characteristics, such as: Material revenue growth Sustainable and/or expanding margins Consistent earnings Strong free cash flow generation The Subadviser assesses the attractiveness of the valuation of these growth companies by analyzing a variety of valuation metrics, such as enterprise values relative to earnings and free cash flows, and price-to-earnings ratios, among others. The Subadviser then uses detailed qualitative analysis to further identify companies that possess the following characteristics: Strong management teams Well-defined business plans Defensible market positions, such as higher barriers to entry Potential for growth in the market for the companies' products and/or services Under normal market conditions, the Fund expects to invest in approximately 80 to 100 companies with at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of equity securities of small cap companies.
The Subadviser may sell a holding if the price target for the company is reached, the investment thesis for the company has fundamentally changed, the Subadviser becomes less comfortable with the company's management team and/or the Subadviser identifies more attractive investment opportunities.
C000136185 Costs and Fees
C000136185 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.16%
- Portfolio turnover: 68%
- Brokerage commissions: 19.88 bps of average net assets (SEC N-CEN)
C000136185 Cashflows
Over the 12 months to 2020-04, Harbor Small Cap Growth Opportunities Fund had net outflows of $26.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | −$18.33M |
| 2020-03 | $10.90M |
| 2020-02 | −$1.24M |
| 2020-01 | −$2.12M |
| 2019-12 | $1.61M |
| 2019-11 | −$5.66M |
C000136185 Debt Constituents
No individual debt constituents are reported in Harbor Small Cap Growth Opportunities Fund's latest SEC N-PORT filing.
C000136185 Prospectus and SEC Filings
Official Harbor Small Cap Growth Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-19
- Prospectus (485BPOS) — filed 2018-03-19
- Portfolio holdings (N-PORT) — filed 2020-06-22
- Portfolio holdings (N-PORT) — filed 2020-03-26
- Portfolio holdings (N-PORT) — filed 2019-12-23
- Annual census (N-CEN) — filed 2020-01-14
- Annual census (N-CEN) — filed 2019-01-14
Related Funds
Other United States Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.