Harbor Small Cap Value Fund Q3 2025 Commentary (HASCX)

Harbor Capital Advisors 51 Follower s Follow 5 Share Save Play ( 16min ) Comments Summary During the third quarter, the Harbor Small Cap Value Fund returned 6.34%, underperforming its benchmark, the Russell 2000 Value Index, which returned 12.60%. In our view, the greatest relative headwind came from the portfolio's underweight to non-earners, which represent more than 15% of the index. The firm remains focused on owning businesses with attractive valuations, strong earnings visibility, high relative return on equity, and sound balance sheets. Recent market volatility has created opportunities to invest in high-quality businesses trading below intrinsic value, particularly where short-term uncertainty has overshadowed durable earnings power. Lemon_tm/iStock via Getty Images Recent market volatility has created opportunities to invest in high-quality businesses trading below intrinsic value, particularly where short-term uncertainty has overshadowed durable earnings power. - Earnest Partners LLC Market in Review The U.S. small-cap equity market, as This article was written by Harbor Capital Advisors 51 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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