Harbor Small Cap Growth Fund Q3 2025 Commentary (HASGX)

Harbor Capital Advisors 50 Follower s Follow 5 Share Save Play ( 16min ) Comments Summary The third quarter of 2025 extended one of the sharpest mid-cycle rallies in recent memory, with the major U.S. indexes notching new record highs. High-beta and low-quality names outperformed, fueled by momentum, retail participation, and option activity, while quality fundamentals lagged. During the third quarter, the Harbor Small Cap Growth Fund returned 7.63%, outperforming the Russell 2000® Growth Index, which returned 12.19%. The Fund's underweight exposure to volatility and momentum, along with an overweight to growth, were the largest relative performance headwinds. As we approach year-end, policy support and resilient earnings continue to underpin market strength, but the balance of risks is growing more fragile. Torsten Asmus/iStock via Getty Images As we approach year-end, policy support and resilient earnings continue to underpin market strength, but the balance of risks is growing more fragile. - Westfield Capital Management Company, L.P. Market In Review The third This article was written by Harbor Capital Advisors 50 Follower s Follow Harbor Capital is an asset manager focused on curating an intentionally select suite of active ETFs that they believe have the potential to produce compelling, risk-adjusted returns within a portfolio. Note: This account is not managed or monitored by Harbor Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Harbor Capital's official channels.

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