Harbor Large Cap Value Fund
HNLVX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Mar 1, 2016
- CIK
- 0000793769
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Large Cap Value Fund (HNLVX) is an actively managed open-end mutual fund that seeks long-term total return and income by investing primarily in equity securities, principally common and preferred stocks, of large capitalization value companies defined as those in the Russell 1000 Value Index or similar universe. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of such large cap companies, focusing on higher-quality businesses that the subadviser believes are undervalued relative to their fair value; it employs a bottom-up, fundamental approach emphasizing high-quality businesses trading at meaningful discounts, with rigorous risk management including diversification and sell disciplines. The fund may allocate up to 20% of its total assets to foreign issuers, including those in emerging markets via ADRs, and maintains low portfolio turnover typically around 11%, with sector allocations as of December 31, 2024, including financials (21.1%), information technology (15.5%), industrials (12.4%), materials (10.5%), and health care (9.8%); top holdings include Parker-Hannifin Corp., Ameriprise Financial Inc., Microsoft Corp., Corteva Inc., and Capital One Financial Corp.. The Retirement Class (HNLVX) features a net expense ratio of 0.61%, minimum initial investment of $1 million, and assets under management of approximately $1.4 billion as of recent data, benchmarking against the Russell 1000 Value Index. Harbor Capital Advisors, Inc., founded in 1983 and headquartered at 111 South Wacker Drive in Chicago, Illinois, serves as the investment adviser, employing a manager-of-managers approach by delegating day-to-day portfolio management to subadvisers; for HNLVX, Aristotle Capital Management, LLC acts as subadviser, with key personnel including Howard Gleicher, CFA, CEO and Chief Investment Officer, and Gregory D. Padilla, CFA, Principal and Senior Global Research Analyst. The fund operates within the large value segment of the U.S. equity market, targeting institutional and retirement investors seeking value-oriented exposure with potential for income via dividends (TTM yield around 1.37%). While no major acquisitions, funding rounds, or name changes were reported for the fund in the last 1-2 years, it has issued regular quarterly commentaries noting performance relative to benchmarks—for instance, in Q4 2024, the fund returned -4.29% versus the benchmark's decline, with recent distributions including $1.499 per share in December 2024 comprising ordinary income and long-term capital gains; sector allocation adjustments and ongoing active management reflect adaptive responses to market conditions such as volatility in technology and materials sectors as of December 31, 2024.