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Harbor International Compounders ETF (OSEA)

Overseas expertise you can rely on

Harbor International Compounders ETF (OSEA)

Overseas expertise you can rely on

Welcome
Overview
Performance
Holdings
Investment Team
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Why Invest in OSEA?

  • An active portfolio focused on identifying companies that we believe can sustain consistent growth levels well into the future
  • Concentrated portfolio makes each stock decision an active competition of capital
  • Extensive global experience that helps the investment team to navigate complex and diverse global stock market

Why Harbor & C WorldWide


Important Information

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has limited operating history to judge. Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.

The Subadviser considers certain ESG factors in evaluating company quality which may result in the selection or exclusion of securities for reasons other than performance and the Fund may underperform relative to other funds that do not consider ESG factors.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice

C WorldWide Asset Management is a third-party subadviser to the Harbor International Compounders ETF.

2648759 

Overview

Investment Team
Management Team Logo
manager headshot
manager headshot
manager headshot
manager headshot

Current Price

As of 2/29/2024

$26.82

Price (NAV)

-$0.07

NAV Daily Change ($)

-0.26%

NAV Daily Change (%)

2.52%

NAV YTD Return

Fund Facts

As of 2/29/2024

9/7/2022

Inception Date

0.55

Expense Ratio (%)
disclaimer

$35.541

Total Net Assets (million)

1,325,000

Shares Outstanding
(As of 3/1/2024)

OSEA

Ticker

41151J885

Cusip

NYSE

Exchange

US41151J8852

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Foreign Large Blend

Morningstar Category

MSCI All Country World Ex. US (ND) Index

Benchmark

Investment Objective:

The Fund seeks long-term growth of capital.

Pricing/Trading

As of 2/28/2024

$26.91

Bid/Ask Mid Price

$26.93

Closing Market Price

$0.02

Premium/Discount ($)

0.06%

Premium/Discount (%)

0.37%

30-Day Median Bid/Ask Spread

9,942

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

Explore growing opportunities outside the U.S.

Harbor International Compounders ETF (OSEA)

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

International Compounders ETF - at NAV
14.94%
21.07%
21.07%
23.83%
0.55%disclaimer
0.55%
Fund Market Price
14.98%
20.89%
20.89%
23.86%
--
--
MSCI All Country World Ex. US (ND) Index
9.75%
15.62%
15.62%
16.85%
--
--

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.

The MSCI All Country World Ex. US (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global developed and emerging markets, excluding the U.S. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023
12/22/2023
12/27/2023
0.16976
--
--
0.16976
12/21/2022
12/22/2022
12/27/2022
0.02341
--
--
0.02341

Holdings

Portfolio Characteristics

As of 1/31/2024

28

Number of Holdings

195991.1

Wtd Avg Market Cap ($Mil)

5.65

Price/Book Ratio

28.8

Adjusted Trailing P/E Ratio

20.6

% EPS Growth - Past 3 Yr

19.49

Return on Equity (%)

22.2

Forecasted P/E Ratio

Top Ten Holdings

As of 2/28/2024

Company Name [Ticker]

% of Net Assets

NOVO NORDISK A/S-B[NOVOB]
7.8
FERGUSON PLC[FERG]
5.9
ASML HOLDING NV[ASML]
5.7
LINDE PLC[LIN]
4.9
HDFC BANK LTD-ADR[HDB]
4.6
SAP SE[SAP]
4.3
LVMH MOET HENNESSY LOUIS VUI[MC]
4.1
TAIWAN SEMICONDUCTOR-SP ADR[TSM]
3.9
HOYA CORP[7741]
3.9
L'OREAL[OR]
3.5
% of Total Holdings:
48.6%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector and/or countries mentioned may change at any time and may not represent current or future investments.

As of 2/28/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

NOVO NORDISK A/S-B [NOVOB]
EQUITY
ACI07GG13
22,568
121.28
2,737,056.44
7.8
FERGUSON PLC [FERG]
EQUITY
BJVNSS903
9,807
210.924
2,068,531.56
5.9
ASML HOLDING NV [ASML]
EQUITY
ACI02GTQ9
2,108
942.256
1,986,276.05
5.7
LINDE PLC [LIN]
EQUITY
G54950103
3,769
451.20
1,700,572.80
4.9
HDFC BANK LTD-ADR [HDB]
EQUITY
40415F101
29,967
53.15
1,592,746.05
4.6
SAP SE [SAP]
EQUITY
484628904
8,132
186.544
1,516,973.77
4.3
LVMH MOET HENNESSY LOUIS VUI [MC]
EQUITY
406141903
1,560
918.738
1,433,230.84
4.1
TAIWAN SEMICONDUCTOR-SP ADR [TSM]
EQUITY
874039100
10,796
127.38
1,375,194.48
3.9
HOYA CORP [7741]
EQUITY
644150005
10,700
126.215
1,350,502.67
3.9
L'OREAL [OR]
EQUITY
405780909
2,507
483.971
1,213,315.63
3.5
ASTRAZENECA PLC [AZN]
EQUITY
098952906
9,276
128.884
1,195,527.30
3.4
NESTLE SA-REG [NESN]
EQUITY
712387901
11,314
104.763
1,185,288.45
3.4
SONY GROUP CORP [6758]
EQUITY
682150008
13,300
85.736
1,140,289.99
3.3
SIEMENS AG-REG [SIE]
EQUITY
572797900
5,791
194.932
1,128,853.33
3.2
SCHNEIDER ELECTRIC SE [SU]
EQUITY
483410007
4,859
224.78
1,092,207.15
3.1
KEYENCE CORP [6861]
EQUITY
649099009
2,300
466.837
1,073,725.07
3.1
ATLAS COPCO AB-A SHS [ATCOA]
EQUITY
BLDBN4902
61,238
17.419
1,066,704.09
3.1
BANK CENTRAL ASIA TBK PT [BBCA]
EQUITY
B01C1P906
1,647,600
0.638
1,050,430.35
3.0
ASSA ABLOY AB-B [ASSAB]
EQUITY
ACI0CQYQ0
36,827
28.422
1,046,696.43
3.0
DEUTSCHE BOERSE AG [DB1]
EQUITY
702196908
4,898
208.686
1,022,143.02
2.9
DAIKIN INDUSTRIES LTD [6367]
EQUITY
625072004
6,300
142.374
896,954.11
2.6
SAMSUNG ELECTR-GDR REG S [SMSN]
EQUITY
796050888
658
1,360.00
894,880.00
2.6
RELX PLC [REL]
EQUITY
B2B0DG904
20,513
43.539
893,125.18
2.6
VINCI SA [DG]
EQUITY
B1XH02900
6,777
128.409
870,225.68
2.5
AIA GROUP LTD [1299]
EQUITY
B4TX8S909
106,600
8.08
861,341.24
2.5
SSE PLC [SSE]
EQUITY
079087003
40,633
20.415
829,525.22
2.4
DIAGEO PLC [DGE]
EQUITY
023740905
21,231
37.007
785,688.225
2.2
EPIROC AB-A [EPIA]
EQUITY
BMD58R909
36,221
18.483
669,490.25
1.9
EURO CURRENCY
CASH
--
--
27,723.24
1.084
30,046.46
0.1
POUND STERLING
CASH
--
--
4,718.3
1.266
5,973.61
0.0
DANISH KRONE
CASH
--
--
34,429.42
0.145
5,006.13
0.0
JAPANESE YEN
CASH
--
--
14,726
0.007
97.72
0.0
HONG KONG DOLLAR
CASH
--
--
264.65
0.128
33.81
0.0
SWEDISH KRONA
CASH
--
--
164.16
0.097
15.89
0.0
SWISS FRANC
CASH
--
--
13.36
1.138
15.21
0.0
IBERDROLA SA [IBE]
EQUITY
B288C9908
0
0.00
0.00
0.0
HKD999999
FX
--
--
127,000
7.828
-16,224.12
0.0
Total
--
--
--
--
--
34,702
99.5
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.5
Total Net Assets
--
--
--
--
--
--
100%

As of 1/31/2024

International Compounders ETF (OSEA)

MSCI All Country World Ex. US (ND) Index

-

Industrials

OSEA: 24.4%

Benchmark: 13.4%

-

Information Technology

OSEA: 20.4%

Benchmark: 12.5%

-

Health Care

OSEA: 15.2%

Benchmark: 9.4%

-

Financials

OSEA: 13.2%

Benchmark: 21.2%

-

Consumer Staples

OSEA: 9.7%

Benchmark: 8.0%

-

Consumer Discretionary

OSEA: 7.6%

Benchmark: 11.4%

-

Materials

OSEA: 4.5%

Benchmark: 7.4%

-

Utilities

OSEA: 4.4%

Benchmark: 3.2%

-

Energy

OSEA: 0.0%

Benchmark: 5.6%

-

Communication Services

OSEA: 0.0%

Benchmark: 5.2%

-

Real Estate

OSEA: 0.0%

Benchmark: 2.0%

OSEA: International Compounders ETF

Benchmark: MSCI All Country World Ex. US (ND) Index

As of 1/31/2024

Economic Sector

International Compounders ETF %

MSCI All Country World Ex. US (ND) Index %

Information Technology

Economic sector icon
29.8
24.1

Industrials

Economic sector icon
24.0
19.5

Consumer Discretionary

Economic sector icon
20.5
10.2

Health Care

Economic sector icon
19.5
12.2

Utilities

Economic sector icon
10.2
11.5

Consumer Staples

Economic sector icon
7.0
6.3

Materials

Economic sector icon
6.2
10.2

Financials

Economic sector icon
3.5
14.3

Energy

Economic sector icon
1.9
4.6

Real Estate

Economic sector icon
0.0
12.2

Communication Services

Economic sector icon
0.0
7.8

[Unassigned]

0.0
-13.4

As of 2/28/2024

Country

International Compounders ETF %

FRANCE
13.2
JAPAN
12.8
UNITED KINGDOM
10.6
GERMANY
10.5
SWEDEN
8.0
DENMARK
7.8
JERSEY
5.9
NETHERLANDS
5.7
IRELAND
4.9
INDIA
4.6
Other
16.0

Investment Team


Sub-adviser logo

C WorldWide Asset Management is a focused and independent asset manager that has been investing in global equity markets since 1986. Their objective is to deliver consistent, long term asset growth for clients through active investments in listed equities on global stock exchanges. They refer to their investment approach as trend-based stock picking. It is a trend/theme influenced top-down framework combined with a bottom-up stock picking approach. The approach drives the stock selection process by focusing on and identifying specific companies that align with and thus benefit from exposure to selected global themes within the portfolio.

Sustainability and specifically environmental, social, and governance (ESG) factors are an integral part of the C WorldWide investment process and are implemented in the ongoing research of the companies they invest in. This process does not begin or end with the investment but is an ongoing engagement process that is supported by dialogue and monitoring of the company in question.

Documents

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.

Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.

The Subadviser considers certain ESG factors in evaluating company quality which may result in the selection or exclusion of securities for reasons other than performance and the Fund may underperform relative to other funds that do not consider ESG factors.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.

Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.

30-Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

C WorldWide Asset Management is a third-party subadviser to the Harbor International Compounders ETF.

The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.

The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.