4 / 5 Stars
3 3 5 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#25 in Large Blend
U.S. News evaluated 498 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 21.63 percent over the past year, 12.32 percent over the past three years, 3.22 percent over the past five years, and 7.89 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||12.3%|
|3 Years (Annualized)||12.3%|
|5 Years (Annualized)||3.2%|
|10 Years (Annualized)||7.9%|
Harbor Large Cap Value is at its best when the market is at its worst.
As of May 03, 2013, the fund has assets totaling almost $194.22 million invested in 45 different holdings. Its portfolio consists primarily of shares of large companies.
This fund tends to shine in tough markets. Indeed, at least on a relative basis, some of its best years in recent memory have been 2001 and 2008. However, don't expect too much when stocks are rallying. In 2009, for instance, the fund trailed the broader market by nine percentage points. Last year, meanwhile, it ended up in the bottom 3 percent of Morningstar's large-value category. During 2011's tricky market cycle, the fund has begun to come back to life. Its returns this year, while far from stellar, have still been quite respectable. In particular, the fund's energy picks, including Chevron and ExxonMobil, have boosted performance in 2011. The fund has returned 21.63 percent over the past year and 12.32 percent over the past three years.
Management focuses on large blue chips that pay dividends. This, in turn, translates into a tame, defensive strategy. While the fund's downside protection is laudable, its failure to capture the upside has been problematic. As of the end of June, its trailing 10-year returns put it in the bottom 40 percent of its Morningstar category. The fund has returned 3.22 percent over the past five years and 7.89 percent over the past decade.
Investment strategy: According to the fund's prospectus: "The Subadviser uses a bottom up stock selection approach, employing fundamental and quantitative criteria to identify companies that the Subadviser believes are undervalued. The Subadviser focuses on those companies with sustainable cash flow and the ability to pay and grow dividends over time that the Subadviser believes will deliver superior capital appreciation and income over the long term."
Role in Portfolio
Morningstar calls the fund a "core" holding.
Jeffrey Shaw and Richard Helm manage the fund.
Harbor Large Cap Value Fund has an expense ratio of 0.68 percent.
Like all stock funds, this one comes with some risks.