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AMP - Harbor Large Cap Value Fund Q4 2024 Commentary
Ameriprise Financial Inc.
2025-04-10 08:00:00 ET
Summary
During the fourth quarter of 2024, the U.S. Federal Reserve announced two 25 basis points cuts to the federal funds rate — one in November and December, respectively.
During the fourth quarter, the Harbor Large Cap Value Fund returned -4.29%, underperforming its benchmark, the Russell 1000 Value Index.
The Fund’s underperformance relative to the Russell 1000 Value Index can be attributed primarily to security selection, while allocation effects also had a slightly negative impact.