Harbor Mid Cap Value Fund Administrative Class
HRMVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Oct 31, 2002
- CIK
- 0000793769
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Mid Cap Value Fund Administrative Class (HRMVX) is an open-end mutual fund that seeks long-term total return through investment primarily in equity securities, principally common stocks, of mid cap companies domiciled in the United States. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of mid cap companies, employing a quantitative investment model in a bottom-up, contrarian value approach that emphasizes behavioral finance principles to identify undervalued stocks; the portfolio maintains broad diversification across sectors such as financial services (approximately 22%), industrials (16%), and consumer discretionary (13%), with top holdings including State Street Corp, Bank of New York Mellon Corp, and Hartford Insurance Group Inc. The Administrative Class shares feature a net expense ratio of 1.10%, a minimum initial investment of $50,000, and are available for sale in the United States, with total net assets of approximately $366 million and share class assets of $4 million as of recent data. Harbor Capital Advisors, Inc., founded in 1983 and headquartered in Chicago, Illinois, serves as the investment adviser with overall responsibility for the fund's management and administration. LSV Asset Management, established in 1994 and also based in Chicago, has acted as subadviser since September 30, 2004, applying its proprietary quantitative model developed from academic research in value investing and behavioral finance; the investment team includes Josef Lakonishok (Ph.D., Founding Partner, CEO and CIO), Menno Vermeulen (CFA, Partner, Portfolio Manager), Puneet Mansharamani (CFA, Partner, Portfolio Manager), Greg Sleight (Partner and Portfolio Manager), and Guy Lakonishok (CFA, Partner and Portfolio Manager). Recent developments include the appointment of Anne F. Ackerley as a new member of the Harbor Funds Board of Trustees effective May 6, 2025, and the discontinuation of Administrative Class shares for certain Harbor funds (Harbor International Core Fund and Harbor Mid Cap Fund) effective May 30, 2025, though HRMVX continues to offer this share class. The fund received a Morningstar Medalist Rating reflecting strong forward-looking analysis across people, parent, and process pillars as of March 2024, and its institutional class counterpart earned a Behavioral Alpha Benchmark Award for demonstrated skill in key decision types as of December 31, 2023. Portfolio turnover remains low at approximately 10%, supporting a systematic, deep-value strategy focused on risk-aware, diversified exposure to mid cap value equities versus the Russell Midcap Value Index benchmark.