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%
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 |
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
- Like most growth funds, there is no yield.
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