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.
Harbor Small Cap Value Admin HSVRX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HSVRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HSVRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HSVRX 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 HSVRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Harbor Small Cap Value Is Closing to New Investors; Ratings Unchanged
