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Harbor Emerging Markets Equity Fund (HAEMX)

Overview
Performance
Holdings
Documents
Investment Team

Overview

Current Price

as of 12/6/2021

NAV Price

$10.88

NAV Daily Change ($)

$0.02

NAV Daily Change (%)

0.18%

NAV YTD Return

2.93%

Fund Facts

Inception Date

11/1/2013

Net Expense Ratio

0.96%disclaimer

Gross Expense Ratio

1.92%

Total Net Assets (million)

as of 11/30/2021

$17.457

Ticker

HAEMX

Fund Number

2036

Share Class

Institutional

Top Ten Holdings

as of 9/30/2021

UNTRADE.TIANHE CHEM []

0.0%

Taiwan Semiconductor Manufacturing Co., Ltd. [2330]

5.7%

AIA Group Limited [1299]

5.4%

HDFC Bank Limited Sponsored ADR [HDB]

4.0%

Tata Consultancy Services Limited [532540]

3.8%

Housing Development Finance Corporation Limited [500010]

3.7%

China Mengniu Dairy Co., Ltd. [2319]

3.3%

Samsung Electronics Co., Ltd. [005930]

3.3%

Naspers Limited Class N [NPN]

3.1%

Techtronic Industries Co., Ltd. [669]

2.9%

% of Total Holdings:

NaN%

left quote

“Too much competition, not too little growth, is what turns investments sour.”

right quote

Neil Ostrer. Founder and European Equity Portfolio Manager

Marathon Asset Management LLP

Performance

Total Returns

MONTH-END
QUARTER-END
MONTH-BY-MONTH
YEAR-BY-YEAR

Fund Name

YTD Return

3 Mo.

1 Yr.

3 Yr.

5 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Emerging Markets Equity Fund

1.42%

-8.22%

12.12%

13.58%

11.89%

5.17%

0.96%disclaimer

1.92%

MSCI Emerging Markets (ND) Index

-4.34%

-6.98%

2.70%

9.27%

9.52%

4.37%

--

--

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 harborfunds.com or by calling 800-422-1050.

The MSCI Emerging Markets (ND) Index is a market capitalization weighted index of equity securities in more than 20 emerging market economies. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

CHART
TABLE

Distribution History

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

12/16/2020

12/17/2020

12/17/2020

0.00000

0.09469

3.26897

1.40329

0.00000

1.86568

3.36366

0.17716

10.48

12/13/2019

12/16/2019

12/16/2019

0.00000

0.15819

0.00000

0.00000

0.00000

0.00000

0.15819

0.03021

11.44

12/14/2018

12/17/2018

12/17/2018

0.00000

0.08824

0.00000

0.00000

0.00000

0.00000

0.08824

0.03404

9.41

12/15/2017

12/18/2017

12/18/2017

0.00000

0.10473

0.00000

0.00000

0.00000

0.00000

0.10473

0.02025

10.66

12/16/2016

12/19/2016

12/19/2016

0.00000

0.09493

0.00000

0.00000

0.00000

0.00000

0.09493

0.02473

8.19

12/16/2015

12/17/2015

12/17/2015

0.00000

0.07556

0.00000

0.00000

0.00000

0.00000

0.07556

0.02364

7.39

12/17/2014

12/18/2014

12/18/2014

0.00000

0.04565

0.00000

0.00000

0.00000

0.00000

0.04565

0.01020

9.13

12/16/2013

12/17/2013

12/17/2013

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

9.76

Holdings

Portfolio Characteristics

as of 9/30/2021

Emerging Markets Equity Fund

MSCI Emerging Markets (ND) Index

Number of Holdings

79

1418

Wtd Avg Market Cap ($Mil)

98231.4

133664.1

Price/Book Ratio

4.57

3.15

Adjusted Trailing P/E Ratio

24.5

19.1

% EPS Growth - Past 3 Yr

8.8

9.2

Return on Equity (%)

18.97

12.77

Forecasted P/E Ratio

24.4

17.1

Proj. Earnings Growth Rate (%)

20.1

17.8

Top Ten Holdings

as of 9/30/2021

Company Name [Ticker]

% of Net Assets

UNTRADE.TIANHE CHEM[null]

0.0

Taiwan Semiconductor Manufacturing Co., Ltd.[2330]

5.7

AIA Group Limited[1299]

5.4

HDFC Bank Limited Sponsored ADR[HDB]

4.0

Tata Consultancy Services Limited[532540]

3.8

Housing Development Finance Corporation Limited[500010]

3.7

China Mengniu Dairy Co., Ltd.[2319]

3.3

Samsung Electronics Co., Ltd.[005930]

3.3

Naspers Limited Class N[NPN]

3.1

Techtronic Industries Co., Ltd.[669]

2.9

% of Total Holdings:

NaN%

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

as of 9/30/2021

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

UNTRADE.TIANHE CHEM

China

2,684

NaN

NaN

NaN

Taiwan Semiconductor Manufacturing Co., Ltd. [2330]

Taiwan

120

20.82

2,498

5.7

AIA Group Limited [1299]

Hong Kong

206

11.55

2,383

5.4

HDFC Bank Limited Sponsored ADR [HDB]

India

24

73.09

1,749

4.0

Tata Consultancy Services Limited [532540]

India

33

50.86

1,655

3.8

Housing Development Finance Corporation Limited [500010]

India

43

37.11

1,607

3.7

China Mengniu Dairy Co., Ltd. [2319]

China

225

6.44

1,449

3.3

Samsung Electronics Co., Ltd. [005930]

South Korea

23

62.58

1,426

3.3

Naspers Limited Class N [NPN]

South Africa

8

165.68

1,345

3.1

Techtronic Industries Co., Ltd. [669]

Hong Kong

65

19.92

1,295

2.9

PT Bank Central Asia Tbk [BBCA]

Indonesia

522

2.45

1,277

2.9

Shenzhou International Group Holdings Limited [2313]

China

55

21.30

1,178

2.7

Li Ning Company Limited [2331]

China

100

11.58

1,152

2.6

MediaTek Inc [2454]

Taiwan

32

32.48

1,039

2.4

Weichai Power Co., Ltd. Class H [2338]

China

498

2.08

1,035

2.4

ASML Holding NV [ASML]

Netherlands

1

748.57

1,001

2.3

Advantech Co., Ltd. [2395]

Taiwan

75

13.10

983

2.2

Infosys Limited Sponsored ADR [INFY]

India

43

22.25

959

2.2

Zhongsheng Group Holdings Ltd. [881]

China

117

8.05

938

2.1

Chailease Holding Co. Ltd. [5871]

Taiwan

106

8.83

932

2.1

Southern Copper Corporation [SCCO]

Peru

16

56.14

924

2.1

SK hynix Inc [000660]

South Korea

10

86.99

881

2.0

Severstal PAO Sponsored GDR RegS [SVJTY]

Russia

40

20.88

839

1.9

Giant Manufacturing Co., Ltd. [9921]

Taiwan

73

11.43

830

1.9

Delta Electronics, Inc. [2308]

Taiwan

90

9.05

814

1.9

Sea Ltd. (Singapore) Sponsored ADR Class A [SE]

Singapore

2

318.73

734

1.7

Midea Group Co. Ltd. Class A

China

66

10.78

707

1.6

Havells India Limited [517354]

India

38

18.50

703

1.6

Porto Seguro S.A. [PSSA3]

Brazil

77

9.08

697

1.6

Bid Corporation Limited [BID]

South Africa

31

21.44

675

1.5

Baidu Inc Sponsored ADR Class A [BIDU]

China

4

153.75

652

1.5

Clicks Group Limited [CLS]

South Africa

35

18.46

645

1.5

First Quantum Minerals Ltd. [FM]

Canada

33

18.51

617

1.4

Capitec Bank Holdings Limited [CPI]

South Africa

4

120.91

485

1.1

Dabur India Limited [500096]

India

58

8.31

486

1.1

X 5 RETAIL GROUP NV REGS GDR DEPOSITORY RECEIPT

--

14

32.47

466

1.1

Pepkor Holdings Ltd. [PPH]

South Africa

315

1.43

452

1.0

Uni-President Enterprises Corp. [1216]

Taiwan

177

2.45

434

1.0

Grupo Aeroportuario del Pacifico SAB de CV Class B [GAPB]

Mexico

36

11.68

419

1.0

Marico Limited [531642]

India

53

7.38

393

0.9

African Rainbow Minerals Limited [ARI]

South Africa

29

12.60

369

0.8

BOC Aviation Limited [2588]

China

44

8.38

364

0.8

Anglo American Platinum Limited [AMS]

South Africa

4

86.70

357

0.8

Merida Industry Co., Ltd. [9914]

Taiwan

32

10.50

336

0.8

Tiger Brands Limited [TBS]

South Africa

23

12.45

287

0.7

Genomma Lab Internacional SAB de CV Class B [LABB]

Mexico

296

0.95

282

0.6

Chroma Ate Inc. [2360]

Taiwan

41

6.32

259

0.6

Teco Electric & Machinery Co., Ltd. [1504]

Taiwan

201

1.12

225

0.5

Stella International Holdings Limited [1836]

Hong Kong

150

1.28

193

0.4

Delfi Limited [P34]

Singapore

327

0.56

184

0.4

Grupo Financiero Inbursa SAB de CV Class O [GFINBURO]

Mexico

194

0.94

183

0.4

FOURLIS HOLDINGS S.A. [FOYRK]

Greece

36

4.64

168

0.4

Vipshop Holdings Ltd Sponsored ADR [VIPS]

China

13

11.14

150

0.3

SKSHU Paint Co., Ltd. Class A

China

8

15.49

122

0.3

East African Breweries Plc [EABL]

Kenya

74

1.55

115

0.3

King Slide Works Co., Ltd. [2059]

Taiwan

8

13.93

111

0.3

Eurobank Ergasias Services & Holdings SA [EUROB]

Greece

106

0.94

100

0.2

Shriram Transport Finance Co. Ltd. [511218]

India

5

17.50

79

0.2

Fomento Economico Mexicano SAB de CV Sponsored ADR Class B [FMX]

Mexico

1

86.72

55

0.1

Uni-President China Holdings Ltd. [220]

China

41

0.95

39

0.1

Grupo Televisa, S.A.B. Sponsored ADR [TV]

Mexico

1

10.98

9

0.0

Total

--

--

--

42,742

97.5

Cash and Other Assets Less Liabilities

--

--

--

--

2.5

Total Net Assets

--

--

--

--

100%

as of 9/30/2021

Economic Sector

Emerging Markets Equity Fund %

MSCI Emerging Markets (ND) Index %

Information Technology

26.5

20.8

Financials

21.6

19.4

Consumer Discretionary

17.0

14.6

Consumer Staples

10.8

5.9

Industrials

9.2

4.9

Materials

7.3

8.6

Communication Services

3.2

10.4

Health Care

0.6

4.9

Energy

0.0

5.9

Real Estate

0.0

2.1

Utilities

0.0

2.3

as of 9/30/2021

Economic Sector

Emerging Markets Equity Fund %

MSCI Emerging Markets (ND) Index %

Energy

5.0

9.1

[Unassigned]

0.3

--

Utilities

0.0

7.4

Financials

-2.4

1.0

Consumer Staples

-5.5

-4.4

Information Technology

-5.6

-5.8

Communication Services

-6.1

-15.2

Health Care

-7.7

-13.0

Industrials

-7.9

-5.1

Consumer Discretionary

-8.4

-22.9

Materials

-11.6

-4.8

Real Estate

-21.2

-15.8

as of 9/30/2021

Country

Emerging Markets Equity Fund %

MSCI Emerging Markets (ND) Index %

Taiwan

19.3

14.7

China

17.7

33.7

India

17.4

12.2

South Africa

10.5

3.2

Hong Kong

8.8

--

South Korea

5.3

12.5

Indonesia

2.9

1.3

[Cash]

2.7

--

Netherlands

2.3

--

Mexico

2.2

1.9

Other

10.9

20.5

Forms & Resources

Fund Documents

nav icon

Emerging Markets Equity Fund Quarterly Report

10/21/2021
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Emerging Markets Equity Fund Portfolio Holdings

10/18/2021

Regulatory

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Emerging Markets Equity Fund Summary Prospectus

08/27/2021
nav icon

International & Global Prospectus

10/22/2021
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International & Global Annual Report

08/27/2021
nav icon

International & Global Semi-Annual Report

08/27/2021
nav icon

Statement of Additional Information

11/18/2021
nav icon

International & Global Fiscal Q3 Schedule of Holdings

09/29/2021
nav icon

International & Global Fiscal Q1 Schedule of Holdings

08/27/2021

Management

Marathon Asset Management LLP


Marathon Asset Management LLP (Marathon-London) is an independent investment management firm with a 30+ year track record of managing regional, international and global equity strategies on behalf of institutional clients. Marathon-London’s distinctive investment philosophy, referred to as the capital cycle approach to investing, focuses on understanding the supply-side longer-term dynamics within a competitive ecosystem, management behavior in driving an attractive capital cycle dynamic, and how the evolution of supply-side forces impact the economics of the businesses within a particular industry. Marathon-London operates a multi-counselor model in which portfolio managers are generalists focused on specific regions (Europe, Japan, Asia ex-Japan and the Emerging Markets, and North America) and are independently accountable for their own buy/sell decisions. Each portfolio is then aggregated up for broader international and global equity mandates. There are no committee-based decision-making structures which, in turn, allows the portfolio managers the independence and flexibility to execute their skills as stock pickers and aligns their incentives with that of Marathon-London’s clients.

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

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. Stocks of small and mid cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. Marathon-London's assessment of the capital cycle for a particular industry or company may be incorrect. Investing in companies at inopportune phases of the capital cycle can result in the Fund purchasing company stock at pricing levels that are higher than the market dynamics would support and therefore subject the Fund to greater risk that the stock price would decline rather than increase over time.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
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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.

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