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Name

As of 01/29/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Harbor Disruptive Innovation Fund

HRMGX | Fund

$5.23

$79 M

0.00%

1.24%

Vitals

YTD Return

-0.9%

1 yr return

9.2%

3 Yr Avg Return

0.6%

5 Yr Avg Return

4.6%

Net Assets

$79 M

Holdings in Top 10

32.0%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 182.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 01/29/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Harbor Disruptive Innovation Fund

HRMGX | Fund

$5.23

$79 M

0.00%

1.24%

HRMGX - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Harbor Disruptive Innovation Fund
  • Fund Family Name
    Harbor
  • Inception Date
    Nov 01, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kristof Gleich

Fund Description

Under normal market conditions, the Fund invests primarily in equity securities, principally common stocks, of companies selected based on their potential for growth tied to disruptive innovation. The Fund defines “disruptive innovation” as the development of new products, services, technologies and/or other advancements that could disrupt and displace existing businesses and business models over time. While the Fund invests primarily in securities of U.S. companies, the Fund may invest up to 25% of its assets in foreign securities, including those located in emerging market countries. The Fund invests in securities across the market capitalization spectrum.The Fund employs a multi-manager approach to achieve its investment objective. The Fund’s investment adviser, Harbor Capital Advisors, Inc. (the “Advisor”) is responsible for selecting and overseeing investment subadvisors (each, a “Subadvisor”) for the Fund. Each Subadvisor is responsible for providing the Advisor with a model portfolio, which the Advisor will implement in its discretion in managing the Fund. Each Subadvisor has its own process for identifying and evaluating companies that, in the Subadvisor’s view, have the potential for growth tied to disruptive innovation. A Subadvisor may recommend selling holdings when it believes that such company’s prospects have deteriorated, future growth is unlikely, or for other reasons that a Subadvisor may identify. The Advisor is responsible for allocating the Fund’s assets among each Subadvisor’s strategy as well as implementing each strategy (which includes buying and selling securities as recommended by each Subadvisor). The Advisor does not expect to independently identify securities for investment for the Fund. The Advisor will determine allocations between each Subadvisor’s strategy and adjust those allocations over time based upon its qualitative and quantitative assessment of each strategy and how those strategies work in combination to produce what the Advisor believes is an enhanced risk-adjusted investment outcome for the Fund.Holdings are expected to be diversified across sectors, but the Fund may, from time to time, have substantial exposure to a particular sector. Sector allocations are the result of the investment process for the Fund.The equity securities in which the Fund invests include common stocks as well as preferred securities. The Fund may invest in securities issued by equity real estate investment trusts (REITs). The Fund may also purchase American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depositary Receipts (GDRs), which are certificates typically issued by a bank or trust company that represent ownership interests in securities issued by a foreign or domestic company.The Advisor has selected 4BIO Partners LLP (“4BIO Capital”), NZS Capital, LLC (“NZS Capital”), Sands Capital Management, LLC (“Sands Capital”), Tekne Capital Management, LLC (“Tekne”) and Westfield Capital Management Company, L.P. (“Westfield”) to each serve as a Subadvisor to the Fund.4BIO Capital recommends securities to the Advisor that reflect 4BIO Capital’s focus on new companies developing emerging technologies to disrupt the advanced therapies space, which includes gene therapy, gene editing, cell therapy, ribonucleic acid (RNA) therapy (treatments that target RNA or deliver it to cells), targeted therapies (cancer treatments targeted at specific genes and proteins) and microbiome (the collection of microorganisms living in or on the human body). 4BIO Capital assesses company valuations with a view toward their future potential value creation and typically recommends divestment either upon the company’s acquisition by another market player or when 4BIO Capital believes that future growth is unlikely.NZS Capital recommends securities of companies to the Advisor that it believes to be highly adaptable to the disruption presented by the transition of economies from analog to digital. Though many of the companies identified by NZS Capital for investment are in the technology and communication segments of the market, NZS Capital believes that disruption is increasingly impacting all sectors of the economy and may identify companies for investment across sectors.Sands Capital recommends securities to the Advisor based on Sands Capital’s belief that disruptive innovation improves upon the status quo, whether the innovations are on a large or small scale. Sands Capital identifies companies that it believes to have a leadership position in a promising business space, a significant competitive advantage, a clear mission, a value-add focus, financial strength and a rational valuation relative to the market and their business prospects. Sands Capital uses bottom-up research to identify companies across all sectors that it believes are benefitting from structural changes and secular trends that are distinct from cyclical economic factors.Tekne recommends securities to the Advisor based on Tekne’s belief that a disruptive innovation company is one that creates, uses or enables technology to change or influence an existing or new workflow, product or service. Tekne seeks to identify investments that it believes will derive success from longer-term growth rather than near-term momentum. Tekne relies on its expertise in the telecommunications, media and technology sectors as well as related industries such as fin-tech.Westfield recommends securities to the Advisor based on Westfield’s belief that disruptive innovation companies are those providing disruptive products or services to large addressable markets and that maintain a culture of continued innovation as they gain market share. Westfield will primarily focus on U.S. markets with a specialization in technology and health care.
Read More

HRMGX - Performance

Return Ranking - Trailing

Period HRMGX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -1.7% 18.4% 99.61%
1 Yr 9.2% 5.4% 129.1% 93.39%
3 Yr 0.6%* -4.1% 41.6% 95.69%
5 Yr 4.6%* -1.6% 102.5% 95.40%
10 Yr 9.2%* 3.0% 25.5% 86.58%

* Annualized

Return Ranking - Calendar

Period HRMGX Return Category Return Low Category Return High Rank in Category (%)
2025 14.0% -53.2% 83.2% 33.79%
2024 32.7% -27.7% 68.0% 3.90%
2023 -44.4% -85.6% 52.8% 92.75%
2022 -48.5% -74.9% 238.3% 99.19%
2021 39.1% -44.1% 2474.5% 20.88%

Total Return Ranking - Trailing

Period HRMGX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -1.7% 18.4% 99.61%
1 Yr 9.2% 5.4% 129.1% 93.39%
3 Yr 0.6%* -4.1% 41.6% 95.69%
5 Yr 4.6%* -1.6% 102.5% 95.40%
10 Yr 9.2%* 3.0% 25.5% 86.58%

* Annualized

Total Return Ranking - Calendar

Period HRMGX Return Category Return Low Category Return High Rank in Category (%)
2025 14.0% -2.3% 88.8% 55.92%
2024 32.7% -26.1% 68.0% 4.29%
2023 -44.4% -67.0% 56.8% 96.27%
2022 -2.4% -23.5% 342.2% 92.73%
2021 61.1% 2.6% 2549.1% 12.32%

NAV & Total Return History

HRMGX - Holdings

Concentration Analysis

HRMGX Category Low Category High HRMGX % Rank
Net Assets 79 M 2.73 M 100 B 88.16%
Number of Holdings 74 24 3569 58.45%
Net Assets in Top 10 21.6 M 635 K 11.9 B 91.46%
Weighting of Top 10 32.00% 4.9% 97.8% 30.49%

Top 10 Holdings

  1. NVIDIA Corp 4.19%
  2. ServiceNow Inc 3.57%
  3. Alphabet Inc 3.50%
  4. MercadoLibre Inc 3.30%
  5. Cadence Design Systems Inc 3.03%
  6. Shopify Inc 2.99%
  7. Fiserv Inc 2.94%
  8. United Rentals Inc 2.87%
  9. Progressive Corp/The 2.83%
  10. Amazon.com Inc 2.79%

Asset Allocation

Weighting Return Low Return High HRMGX % Rank
Stocks 		97.48% 58.72% 100.23% 69.90%
Cash 		2.52% 0.00% 32.84% 28.93%
Preferred Stocks 		0.00% 0.00% 6.15% 33.40%
Other 		0.00% -0.11% 14.15% 40.97%
Convertible Bonds 		0.00% 0.00% 0.05% 21.36%
Bonds 		0.00% 0.00% 2.73% 27.77%

Stock Sector Breakdown

Weighting Return Low Return High HRMGX % Rank
Technology 		47.98% 0.04% 62.17% 2.14%
Communication Services 		18.33% 0.00% 18.33% 0.19%
Healthcare 		16.31% 0.00% 37.06% 64.27%
Consumer Cyclical 		15.33% 0.00% 57.41% 35.53%
Financial Services 		0.89% 0.00% 43.01% 95.73%
Real Estate 		0.84% 0.00% 19.28% 76.70%
Utilities 		0.31% 0.00% 12.94% 20.00%
Industrials 		0.00% 0.00% 38.23% 98.45%
Energy 		0.00% 0.00% 62.10% 67.38%
Consumer Defense 		0.00% 0.00% 16.40% 84.47%
Basic Materials 		0.00% 0.00% 17.25% 78.45%

Stock Geographic Breakdown

Weighting Return Low Return High HRMGX % Rank
US 		93.21% 46.79% 100.23% 81.94%
Non US 		4.27% 0.00% 33.15% 10.29%

HRMGX - Expenses

Operational Fees

HRMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.02% 13.67% 36.12%
Management Fee 0.70% 0.00% 1.50% 42.61%
12b-1 Fee 0.25% 0.00% 1.00% 36.75%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

HRMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HRMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HRMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 182.00% 0.00% 250.31% 97.20%

HRMGX - Distributions

Dividend Yield Analysis

HRMGX Category Low Category High HRMGX % Rank
Dividend Yield 0.00% 0.00% 33.43% 35.15%

Dividend Distribution Analysis

HRMGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

HRMGX Category Low Category High HRMGX % Rank
Net Income Ratio -0.88% -2.24% 2.75% 74.56%

Capital Gain Distribution Analysis

HRMGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

HRMGX - Fund Manager Analysis

Managers

Kristof Gleich

Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr Gleich began his investment career in 2004.

Spenser Lerner

Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and a Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.46 11.76

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