Skip to Content

Harbor Small Cap Value Instl HASCX

Analyst rating as of
NAV / 1-Day Return
42.63  /  3.18 %
Total Assets
2.5 Bil
Adj. Expense Ratio
0.880%
Expense Ratio
0.880%
Fee Level
Below Average
Longest Manager Tenure
19.20 years
Category
Small Blend
Investment Style
Small Blend
Min. Initial Investment
50,000
Status
Open
TTM Yield
0.43%
Turnover
17%
Premium

Morningstar’s Analysis

Will HASCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Harbor Small Cap Value Is Closing to New Investors; Ratings Unchanged

Analyst Note

| |

Harbor Small Cap Value will close to new investors beginning June 1, 2021. As of Dec. 31, 2020, total strategy assets were $5.9 billion, with the mutual fund representing around $2.2 billion of that. The fund has experienced moderate but steady inflows, taking in an estimated $175 million and $475 million over the respective one- and three-year periods ended Jan. 31, 2021. While the team at subadvisor Earnest Partners doesn't trade frequently, it still needs a manageable asset base. The strategy is concentrated, resulting in larger stakes in companies that can be harder to build or sell in the open market. The decision to close the fund to new investment should help the team continue to execute its process, which remains rated Above Average. The strategy still receives a Morningstar Analyst Rating of Silver for cheaper share classes and Bronze for more expensive ones.

Unlock our full analysis with Morningstar Premium