Morningstar

Harbor Capital Appreciation Fund Administrative Class HRCAX

Medalist Rating as of Jul 23, 2026 See Harbor Investment Hub

Will HRCAX outperform in the future?

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

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HRCAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HRCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HRCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A manager departure doesn’t dent this strategy’s appeal.

Associate Analyst Natalia Arrigoni

Natalia Arrigoni

Associate Analyst

Summary

Jennison Large Cap Growth Equity and its related vehicles, including Harbor Capital Appreciation and PGIM Jennison Growth, retain their Above Average People and Process ratings. Longtime manager Kathleen McCarragher’s retirement marks a notable change, but an experienced management team, deep research bench, and proven investment framework should keep this strategy on solid footing.

by Natalia Arrigoni

Rated on Jul 23, 2026 Published on Jul 23, 2026

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