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Low Expenses Plus High Returns Equals –
Harbor Capital Appreciation

June 4, 2000

Do you catch yourself grumbling at the high expense ratios of some of these top-performing mutual funds? You know that every penny that goes toward the management fee reduces your return on investment (see related article - "Evaluating Mutual Funds Fees"). But you want to beat the S & P 500 Index so you're willing to invest in more aggressive funds. Consider the Harbor Capital Appreciation fund. This Morningstar five-star ranked fund sports a low expense ratio of 0.66% versus the 1999 average expense ratio of 1.45%. In addition to its low expenses, the fund has performed well against the S & P 500 Index beating the one-year return by 25.58%, the three-year (annualized) return by 10.63% and the five-year (annualized) return by 5.23%. The fund's return reflects its investments in high-flying growth companies such as Cisco Systems, Vodafone Airtouch PLC, Nokia and Texas Instruments.

Unfortunately, we can't always pick the mutual fund with the highest returns each year, but it's nice to know that Harbor Capital's lower expense ratio means no matter what the return is, more money will go into YOUR pocket, not the fund manager's.

Harbor Capital Appreciation Fund

 

Symbol

HACAX

Phone Number

(800) 422-1050

Web Site

www.harborfunds.com

Minimum Investment (Regular/IRA)

$2,000/$500

Load

None

Expense Ratio

0.66%

Redemption Fee (if you sell within 12 months)

None

12b-1 Fee

None

Year to date return (as of 6/2/00)

4.84%

Average annual 5 year return (as of 3/31/00 )

34.70%

(Source: www.harborfunds.com and www.quicken.com – accuracy of this information is not guaranteed)

 

Note: Past results is no indication of future performance. This information is provided to you as a starting point to BEGIN your research and is not to be construed as an offer to sell or a solicitation of an offer to buy. The information presented in this article represents MsFiscallyFit.com's feelings and opinions about a particular stock or mutual fund on the specified date and is not meant to be a specific trading recommendation. Stocks and sector mutual funds tend to be riskier and more volatile and should be considered by investors that have long term investment timeframes, a tolerance for risk and are willing to accept unplanned volatility. Our opinions are based on sources believed to be reliable and written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness or the results obtained by individuals using such information. Readers are urged to consult with their own financial advisors before any investment decision is made and all information contained in this information should be independently verified with other sources. Partners, employees and affiliates of MsFiscallyFit.com may or may not hold positions in any of the stocks or mutual funds included in this information. MsFiscallyFit.com does not receive any compensation of any kind from the companies that we express opinions about. As always, each reader is responsible for the risks and consequences of their own investment activities and in no event, shall MsFiscallyFit.com or its employees, partners or affiliates be liable for any damages, direct or indirect, that may result from the use of this information.
 

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