Harbor Capital Appreciation Investor (HCAIX) Fund

Harbor Capital Appreciation fund is part of domestic stock mutual fund. This US stock fund is classified as large growth mutual funds. This popular fund is managed by Spiros Segalas. More fund review can be found below.

Harbor Capital Appreciation Investor (HCAIX)

The investment aim of Harbor Capital Appreciation fund is o provide long-term capital growth. This stock mutual fund invests mainly in growth equity securities of U.S. companies with market capitalizations of more than $1 billion. It may invest in common stocks and preferred stocks. This HCAIX fund may invest small part of its total assets (<20%) in the securities of foreign issuers including emerging markets.

Fund Profile
  • Fund Inception Date: 11/1/2002
  • Ticker Symbol: HCAIX
  • CUSIP: 411511819
  • Beta (3yr): 1.01
  • Rank in category (YTD): 15%
  • Category: Large Growth
  • Yield: 0.0%
  • Capital Gains: 0.0%
  • Expense Ratio: 1.05%
  • Net Assets: $ 15.12 billion
  • Number of Years Up: 8 years
  • Number of Years Down: 1 year
  • Annual Turnover Rate: 53%
Updated on 4/19/2012

Spiros Segalas is the current fund manager. He started managing this US stock fund since 1990. Originally, this fund only has the Institutional Class (HACAX). The investor class of this fund (HCAIX) was first introduced to public in 2002. The fund has total net assets of $15.12 billion. Currently, it has 0.00% of dividend yield. The fund has total annual expense ratio of 1.05%. The 3-year beta is 1.01. Russell 1000 Growth Index and S&P 500 Index are the fund’s benchmarks.

Harbor Capital Appreciation Inv
Morningstar has ranked this large growth mutual fund with 4-stars ratings. It also has Gold rating from Morningstar analyst. Since its inception, the fund has managed to perform with 8 years of positive return and only 1 year of negative return.-The worst 1 year total return was occurred in 2008 with -37.36%. The 1-year best total return is in 2009 with 41.39%. The fund has YTD return of 13.86%. Based on load adjusted return, the fund has returned 4.13% over the past 10-year and 24.63% over the past 3-year.

Investors can start investing in this best growth stock fund with minimum initial investment of $2.500 for brokerage account and $1.000 for retirement account. There is no minimum subsequent investment. This equity mutual fund can be purchased from 104 brokerages. They are JP Morgan, T Rowe Price, Merrill Lynch, Schwab Institutional, Td Ameritrade Inc, Schwab Retail, Fidelity Retail Funds Network, etc. The other classes beside the Investor Class are Institutional Class (HACAX) and Administrative Class (HRCAX).

As of December 2011, the top 10 stocks in its holdings are Apple Inc (5.99%), Amazon.com Inc (3.49%), Google Inc (3.03%), MasterCard Inc (2.70%), Starbucks Corp (2.49%), International Business Machines Corporation (2.43%), Precision Castparts Corp (2.41%), Shire Plc ADR (2.32%), Monsanto Company (2.07%) and American Tower Corp (2.06%). These top ten holdings represent 28.99% of the total portfolio. The top 5 sectors are Information Technology (32.36%), Consumer Discretionary (23.82%), Health Care (14.03%), Energy (7.20%) and Industrials (6.86%).

Top Performer Large Cap Growth Mutual Funds

The principal investing risks are: Market risk, Growth Style risk, Selection risk, market cap risk, foreign market risk, etc.

Advantages and Disadvantages

The pros of investing in this fund are:
  • No sales load and low expense fee
  • Good long term record
The cons are:
  • Like most growth funds, there is no yield.
Disclosure: No Position

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