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Harbor Diversified International All Cap Fund (HAIDX)

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 9/23/2022

NAV Price

$9.51

NAV Daily Change ($)

-$0.31

NAV Daily Change (%)

-3.16%

NAV YTD Return

-25.41%

Fund Facts

Inception Date

11/2/2015

Net Expense Ratio

0.80%disclaimer

Gross Expense Ratio

0.92%

Total Net Assets (million)

as of 8/31/2022

$267.857

Ticker

HAIDX

Fund Number

2038

Share Class

Institutional

Top Ten Holdings

as of 6/30/2022

AIA Group Limited [1299]

1.9%

BP p.l.c. [BP]

1.4%

Novo Nordisk A/S Class B [NOVO.B]

1.4%

Taiwan Semiconductor Manufacturing Co. Ltd. [2330]

1.3%

Roche Holding Ltd Dividend Right Cert. [ROG]

1.2%

HDFC Bank Limited Sponsored ADR [HDB]

1.1%

Fairfax Financial Holdings Limited [FFH]

1.1%

Naspers Limited Class N [NPN]

1.0%

PT Bank Central Asia Tbk [BBCA]

1.0%

Brookfield Asset Management Inc. Class A [BAM.A]

1.0%

% of Total Holdings:

12.4%

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

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

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Diversified International All Cap Fund

-13.34%

-18.51%

-19.86%

1.70%

2.48%

3.55%

0.80%disclaimer

0.92%

MSCI All Country World Ex. US (ND) Index

-13.73%

-18.42%

-19.42%

1.35%

2.50%

3.97%

--

--

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
TABLE

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

12/17/2021

12/20/2021

12/20/2021

0.00000

0.21604

0.72440

0.08690

0.00000

0.63750

0.94044

0.03145

--

12/16/2020

12/17/2020

12/17/2020

0.00000

0.11898

0.00000

0.00000

0.00000

0.00000

0.11898

0.01842

12.42

12/13/2019

12/16/2019

12/16/2019

0.00000

0.24115

0.00000

0.00000

0.00000

0.00000

0.24115

0.02298

11.58

12/14/2018

12/17/2018

12/17/2018

0.00000

0.12381

0.28725

0.02103

0.00000

0.26622

0.41106

0.01645

9.59

12/15/2017

12/18/2017

12/18/2017

0.00000

0.11544

0.28469

0.00137

0.00000

0.28332

0.40013

0.01321

11.44

12/16/2016

12/19/2016

12/19/2016

0.00000

0.12823

0.00000

0.00000

0.00000

0.00000

0.12823

0.01485

9.60

12/16/2015

12/17/2015

12/17/2015

0.00000

0.00543

0.00000

0.00000

0.00000

0.00000

0.00543

0.00000

9.69

Holdings

Portfolio Characteristics

as of 6/30/2022

Diversified International All Cap Fund

Number of Holdings

376

Wtd Avg Market Cap ($Mil)

47569.6

Price/Book Ratio

2.22

Adjusted Trailing P/E Ratio

16.2

% EPS Growth - Past 3 Yr

12.2

Return on Equity (%)

14.92

Forecasted P/E Ratio

14.6

Proj. Earnings Growth Rate (%)

11.6

Top Ten Holdings

as of 6/30/2022

Company Name [Ticker]

% of Net Assets

AIA Group Limited[1299]

1.9

BP p.l.c.[BP]

1.4

Novo Nordisk A/S Class B[NOVO.B]

1.4

Taiwan Semiconductor Manufacturing Co. Ltd.[2330]

1.3

Roche Holding Ltd Dividend Right Cert.[ROG]

1.2

HDFC Bank Limited Sponsored ADR[HDB]

1.1

Fairfax Financial Holdings Limited[FFH]

1.1

Naspers Limited Class N[NPN]

1.0

PT Bank Central Asia Tbk[BBCA]

1.0

Brookfield Asset Management Inc. Class A[BAM.A]

1.0

% of Total Holdings:

12.4%

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 6/30/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

AIA Group Limited [1299]

Hong Kong

1,521

10.84

16,486

1.9

BP p.l.c. [BP]

United Kingdom

2,498

4.72

11,781

1.4

Novo Nordisk A/S Class B [NOVO.B]

Denmark

106

110.67

11,754

1.4

Taiwan Semiconductor Manufacturing Co. Ltd. [2330]

Taiwan

698

16.01

11,174

1.3

Roche Holding Ltd Dividend Right Cert. [ROG]

Switzerland

31

332.74

10,349

1.2

HDFC Bank Limited Sponsored ADR [HDB]

India

165

54.96

9,071

1.1

Fairfax Financial Holdings Limited [FFH]

Canada

17

528.78

9,005

1.1

Naspers Limited Class N [NPN]

South Africa

61

144.53

8,882

1.0

PT Bank Central Asia Tbk [BBCA]

Indonesia

18,019

0.49

8,769

1.0

Brookfield Asset Management Inc. Class A [BAM.A]

Canada

193

44.39

8,562

1.0

Equinor ASA [EQNR]

Norway

230

34.67

7,988

0.9

Nippon Telegraph and Telephone Corporation [9432]

Japan

278

28.68

7,967

0.9

HitachiLtd. [6501]

Japan

167

47.39

7,909

0.9

Canadian Natural Resources Limited [CNQ]

Canada

145

53.62

7,753

0.9

Tata Consultancy Services Limited [532540]

India

183

41.37

7,560

0.9

Housing Development Finance Corporation Limited [500010]

India

262

27.49

7,216

0.8

China Mengniu Dairy Co. Ltd. [2319]

China

1,370

4.99

6,835

0.8

Samsung Electronics Co. Ltd. [005930]

South Korea

155

43.90

6,802

0.8

Advantech Co. Ltd. [2395]

Taiwan

562

11.64

6,540

0.8

ASML Holding NV [ASML]

Netherlands

13

476.57

6,230

0.7

Loblaw Companies Limited [L]

Canada

69

90.00

6,247

0.7

Glencore plc [GLEN]

United Kingdom

1,147

5.41

6,200

0.7

Li Ning Company Limited [2331]

China

661

9.26

6,119

0.7

Midea Group Co. Ltd. Class A

China

669

9.02

6,036

0.7

Barclays PLC [BARC]

United Kingdom

3,176

1.86

5,906

0.7

Southern Copper Corporation [SCCO]

Peru

118

49.81

5,901

0.7

Weichai Power Co. Ltd. Class H [2338]

China

3,714

1.59

5,897

0.7

Zhongsheng Group Holdings Ltd. [881]

China

837

7.05

5,900

0.7

Constellation Software Inc. [CSU]

Canada

4

1,481.35

5,859

0.7

Infosys Limited Sponsored ADR [INFY]

India

295

18.51

5,460

0.6

Vestas Wind Systems A/S [VWS]

Denmark

258

21.07

5,443

0.6

Barrick Gold Corporation [ABX]

Canada

304

17.64

5,369

0.6

Bid Corporation Limited [BID]

South Africa

290

18.73

5,427

0.6

Canadian Pacific Railway Limited [CP]

Canada

78

69.70

5,430

0.6

Compass Group PLC [CPG]

United Kingdom

264

20.40

5,392

0.6

Techtronic Industries Co. Ltd. [669]

Hong Kong

512

10.43

5,335

0.6

Resona Holdings Inc. [8308]

Japan

1,401

3.74

5,241

0.6

BNP Paribas S.A. Class A [BNP]

France

107

47.43

5,089

0.6

Dai-ichi Life HoldingsInc. [8750]

Japan

274

18.48

5,055

0.6

Lloyds Banking Group plc [LLOY]

United Kingdom

9,499

0.51

4,881

0.6

Delta Electronics Inc. [2308]

Taiwan

641

7.45

4,777

0.6

Kirin Holdings Company Limited [2503]

Japan

306

15.73

4,813

0.6

Rightmove plc [RMV]

United Kingdom

695

6.90

4,799

0.6

Chailease Holding Co. Ltd. [5871]

Taiwan

667

7.01

4,676

0.5

Ritchie Bros. Auctioneers Incorporated [RBA]

Canada

72

64.92

4,706

0.5

Shenzhou International Group Holdings Limited [2313]

China

387

12.11

4,683

0.5

Coloplast A/S Class B [COLO.B]

Denmark

41

113.65

4,603

0.5

Alimentation Couche-Tard Inc. [ATD]

Canada

117

38.92

4,539

0.5

Intertek Group plc [ITRK]

United Kingdom

90

51.08

4,574

0.5

Capitec Bank Holdings Limited [CPI]

South Africa

37

120.99

4,486

0.5

EssilorLuxottica SA [EL]

France

30

149.39

4,419

0.5

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

Mexico

321

13.88

4,459

0.5

HomeServe plc [HSV]

United Kingdom

309

14.23

4,399

0.5

Sampo Oyj Class A [SAMPO]

Finland

100

43.41

4,352

0.5

ASSA ABLOY AB Class B [ASSA.B]

Sweden

200

21.21

4,240

0.5

BHP Group Ltd [BHP]

Australia

147

28.37

4,177

0.5

Diageo plc [DGE]

United Kingdom

99

42.88

4,229

0.5

Shinhan Financial Group Co. Ltd. [055550]

South Korea

148

28.54

4,216

0.5

Compagnie Financiere Richemont SA [CFR]

Switzerland

39

106.18

4,121

0.5

RELX PLC [REL]

United Kingdom

151

27.03

4,078

0.5

Unilever PLC [ULVR]

United Kingdom

92

45.19

4,148

0.5

B3 SA - Brasil Bolsa Balcao [B3SA3]

Brazil

1,918

2.10

4,019

0.5

Flutter Entertainment Plc [FLTR]

Ireland

40

100.87

4,032

0.5

Reckitt Benckiser Group plc [RKT]

United Kingdom

54

74.93

4,066

0.5

3i Group plc [III]

United Kingdom

292

13.46

3,935

0.5

Rio Tinto plc [RIO]

United Kingdom

66

59.71

3,962

0.5

SK hynix Inc. [000660]

South Korea

56

70.09

3,937

0.5

Clicks Group Limited [CLS]

South Africa

233

16.68

3,889

0.5

Grupo Financiero Banorte SAB de CV Class O [GFNORTEO]

Mexico

698

5.56

3,880

0.5

Legrand SA [LR]

France

53

73.66

3,881

0.5

CNH Industrial NV [CNHI]

Italy

331

11.52

3,811

0.4

AXA SA [CS]

France

161

22.64

3,657

0.4

BOC Aviation Limited [2588]

China

435

8.40

3,659

0.4

DBS Group Holdings Ltd [D05]

Singapore

171

21.33

3,646

0.4

Geberit AG [GEBN]

Switzerland

8

479.24

3,659

0.4

Bank of Ireland Group Plc [BIRG]

Ireland

575

6.31

3,624

0.4

Entain PLC [ENT]

United Kingdom

239

15.12

3,614

0.4

Heineken NV [HEIA]

Netherlands

40

90.95

3,638

0.4

Bank of Nova Scotia [BNS]

Canada

59

59.06

3,486

0.4

Bunzl plc [BNZL]

United Kingdom

108

33.02

3,552

0.4

Franco-Nevada Corporation [FNV]

Canada

27

131.26

3,520

0.4

Toyota Motor Corp. [7203]

Japan

228

15.46

3,521

0.4

Vipshop Holdings Ltd Sponsored ADR [VIPS]

China

354

9.89

3,503

0.4

Australia and New Zealand Banking Group Limited [ANZ]

Australia

224

15.15

3,386

0.4

Marico Limited [531642]

India

569

6.05

3,445

0.4

Spin Master Corp [TOY]

Canada

104

32.57

3,383

0.4

First Quantum Minerals Ltd. [FM]

Canada

179

18.93

3,380

0.4

Sumitomo Mitsui Trust Holdings Inc. [8309]

Japan

109

30.77

3,366

0.4

ArcelorMittal SA [MT]

France

146

22.49

3,278

0.4

Porto Seguro S.A. [PSSA3]

Brazil

948

3.40

3,219

0.4

African Rainbow Minerals Limited [ARI]

South Africa

242

13.05

3,159

0.4

Havells India Limited [517354]

India

228

13.91

3,175

0.4

Sany Heavy Industry Co., Ltd. Class A

China

1,105

2.84

3,142

0.4

BAE Systems plc [BA]

United Kingdom

308

10.08

3,102

0.4

Brenntag Societas Europaea [BNR]

Germany

47

64.92

3,062

0.4

CaixaBank SA [CABK]

Spain

899

3.47

3,118

0.4

Dabur India Limited [500096]

India

490

6.28

3,074

0.4

Edenred SA [EDEN]

France

66

47.01

3,093

0.4

Fresenius Medical Care AG & Co. KGaA [FME]

Germany

62

49.79

3,107

0.4

NEC Corp. [6701]

Japan

80

38.79

3,099

0.4

SSP Group Plc [SSPG]

United Kingdom

1,098

2.83

3,104

0.4

UniCredit S.p.A. [UCG]

Italy

322

9.48

3,051

0.4

Baidu Inc Sponsored ADR Class A [BIDU]

Hong Kong

20

148.73

3,013

0.4

Eurofins Scientific Societe Europeenne [ERF]

France

38

78.49

3,019

0.4

PrairieSky Royalty Ltd [PSK]

Canada

236

12.57

2,971

0.4

Schneider Electric SE [SU]

France

25

118.03

2,986

0.4

Demant A/S [DEMANT]

Denmark

78

37.44

2,914

0.3

ConvaTec Group Plc [CTEC]

United Kingdom

1,031

2.73

2,809

0.3

Pepkor Holdings Ltd. [PPH]

South Africa

2,428

1.17

2,834

0.3

SNC-Lavalin Group Inc. [SNC]

Canada

163

17.16

2,790

0.3

ABB Ltd. [ABBN]

Switzerland

102

26.59

2,722

0.3

HelloFresh SE [HFG]

Germany

85

32.25

2,753

0.3

JAPAN POST HOLDINGS Co. Ltd. [6178]

Japan

385

7.13

2,745

0.3

Anglo American Platinum Limited [AMS]

South Africa

31

86.98

2,660

0.3

Holcim Ltd [HOLN]

Switzerland

61

42.67

2,613

0.3

Obayashi Corporation [1802]

Japan

362

7.25

2,621

0.3

QBE Insurance Group Limited [QBE]

Australia

310

8.35

2,589

0.3

Koninklijke Ahold Delhaize N.V. [AD]

Netherlands

97

25.99

2,520

0.3

Orsted [ORSTED]

Denmark

24

104.30

2,506

0.3

BASF SE [BAS]

Germany

54

43.41

2,362

0.3

Bayerische Motoren Werke AG [BMW]

Germany

31

76.80

2,358

0.3

Nomura Holdings Inc. [8604]

Japan

663

3.65

2,420

0.3

Santos Limited [STO]

Australia

473

5.10

2,413

0.3

Standard Chartered PLC [STAN]

United Kingdom

323

7.51

2,424

0.3

Svenska Handelsbanken AB Class A [SHB.A]

Sweden

278

8.53

2,372

0.3

Giant Manufacturing Co. Ltd. [9921]

Taiwan

287

8.07

2,320

0.3

Macquarie Group Ltd. [MQG]

Australia

21

113.13

2,330

0.3

Mitsubishi Electric Corp. [6503]

Japan

217

10.68

2,320

0.3

Royal KPN NV [KPN]

Netherlands

659

3.56

2,343

0.3

Serco Group plc [SRP]

United Kingdom

1,109

2.12

2,347

0.3

Sonova Holding AG [SOON]

Switzerland

7

317.54

2,301

0.3

Swedish Match AB [SWMA]

Sweden

231

10.17

2,350

0.3

adidas AG [ADS]

Germany

13

176.43

2,264

0.3

Air Water Inc. [4088]

Japan

177

12.54

2,214

0.3

Hays plc [HAS]

United Kingdom

1,672

1.36

2,266

0.3

Jardine Matheson Holdings Limited [J36]

Hong Kong

43

52.56

2,239

0.3

Sandvik AB [SAND]

Sweden

137

16.18

2,215

0.3

CSL Limited [CSL]

Australia

11

185.02

2,115

0.3

Finning International Inc. [FTT]

Canada

101

21.00

2,128

0.3

Mitsubishi Heavy Industries Ltd. [7011]

Japan

62

34.93

2,151

0.3

Oji Holdings Corp. [3861]

Japan

501

4.33

2,168

0.3

Taiheiyo Cement Corporation [5233]

Japan

143

14.91

2,126

0.3

WPP Plc [WPP]

United Kingdom

210

10.01

2,105

0.3

Adecco Group AG [ADEN]

Switzerland

61

33.89

2,072

0.2

BCE Inc. [BCE]

Canada

43

49.05

2,092

0.2

LIXIL Corporation [5938]

Japan

108

18.70

2,023

0.2

Sega Sammy Holdings Inc. [6460]

Japan

129

16.03

2,063

0.2

Toyo Suisan Kaisha Ltd. [2875]

Japan

52

38.94

2,029

0.2

Carlsberg AS Class B [CARL.B]

Denmark

16

127.08

1,981

0.2

Experian PLC [EXPN]

United Kingdom

66

29.22

1,939

0.2

GN Store Nord A/S [GN]

Denmark

57

34.96

1,987

0.2

Inchcape plc [INCH]

United Kingdom

236

8.45

1,990

0.2

INPEX CORPORATION [1605]

Japan

179

10.82

1,934

0.2

NTT DATA Corporation [9613]

Japan

144

13.81

1,993

0.2

Tokio Marine Holdings Inc. [8766]

Japan

34

58.17

1,966

0.2

Air Canada [AC]

Canada

152

12.43

1,891

0.2

DCC Plc [DCC]

United Kingdom

31

61.91

1,902

0.2

MediaTek Inc [2454]

Taiwan

86

21.89

1,883

0.2

Renesas Electronics Corporation [6723]

Japan

203

9.08

1,845

0.2

United Overseas Bank Ltd. (Singapore) [U11]

Singapore

100

18.86

1,882

0.2

Admiral Group plc [ADM]

United Kingdom

67

27.25

1,814

0.2

Anheuser-Busch InBev SA/NV [ABI]

Belgium

34

53.69

1,829

0.2

Volkswagen AG Pref [VOW3]

Germany

13

133.21

1,798

0.2

WH Smith PLC [SMWH]

United Kingdom

106

17.08

1,814

0.2

Airbus SE [AIR]

France

18

96.65

1,715

0.2

DS Smith Plc [SMDS]

United Kingdom

504

3.37

1,698

0.2

Fluidra S.A. [FDR]

Spain

85

20.22

1,710

0.2

Galaxy Entertainment Group Limited [27]

Hong Kong

285

5.96

1,700

0.2

Magna International Inc. [MG]

Canada

31

54.79

1,698

0.2

Seven & I Holdings Co. Ltd. [3382]

Japan

43

38.77

1,671

0.2

St. James's Place Plc [STJ]

United Kingdom

126

13.39

1,685

0.2

Auto Trader Group PLC [AUTO]

United Kingdom

237

6.74

1,596

0.2

Fuji Media Holdings Inc. [4676]

Japan

197

8.46

1,666

0.2

Itochu Corporation [8001]

Japan

61

26.99

1,633

0.2

ITV PLC [ITV]

United Kingdom

2,107

0.79

1,670

0.2

Koninklijke Philips N.V. [PHIA]

Netherlands

76

21.49

1,633

0.2

Rogers Communications Inc. Class B [RCI.B]

Canada

35

47.82

1,667

0.2

SCSK Corporation [9719]

Japan

95

16.90

1,597

0.2

TDK Corporation [6762]

Japan

52

30.84

1,604

0.2

Toyo Seikan Group Holdings Ltd. [5901]

Japan

157

10.44

1,642

0.2

Wienerberger AG [WIE]

Austria

76

21.41

1,623

0.2

Alten SA [ATE]

France

14

108.52

1,534

0.2

Cleanaway Waste Management Ltd. [CWY]

Australia

903

1.73

1,566

0.2

Deutsche Telekom AG [DTE]

Germany

77

19.81

1,525

0.2

DNB Bank ASA [DNB]

Norway

85

17.87

1,517

0.2

Getlink SE [GET]

France

90

17.59

1,576

0.2

Gildan Activewear Inc. [GIL]

Canada

54

28.72

1,563

0.2

Koninklijke Boskalis Westminster N.V. [BOKA]

Netherlands

46

33.45

1,525

0.2

NH Foods Limited [2282]

Japan

49

31.25

1,540

0.2

Rohm Co. Ltd. [6963]

Japan

22

69.63

1,511

0.2

Tesco PLC [TSCO]

United Kingdom

499

3.10

1,549

0.2

Viscofan S.A. [VIS]

Spain

27

54.89

1,502

0.2

Coca-Cola Europacific Partners plc [CCEP]

Netherlands

29

51.61

1,473

0.2

Penta-Ocean Construction Co. Ltd. [1893]

Japan

270

5.39

1,454

0.2

Sompo HoldingsInc. [8630]

Japan

33

44.04

1,436

0.2

Teleperformance SA [TEP]

France

5

306.63

1,460

0.2

Thales SA [HO]

France

12

122.37

1,451

0.2

Tsumura & Co. [4540]

Japan

65

22.41

1,450

0.2

Daiwa House Industry Co. Ltd. [1925]

Japan

60

23.27

1,396

0.2

JCDecaux SA [DEC]

France

80

16.76

1,335

0.2

Medipal Holdings Corporation [7459]

Japan

95

14.09

1,343

0.2

Net One Systems Co. Ltd. [7518]

Japan

61

22.08

1,343

0.2

Rolls-Royce Holdings plc [RR]

United Kingdom

1,350

1.01

1,360

0.2

Toyota Industries Corp. [6201]

Japan

22

61.83

1,379

0.2

Davide Campari-Milano N.V. [CPR]

Italy

123

10.49

1,292

0.2

INFRONEER Holdings Inc. [5076]

Japan

185

7.10

1,312

0.2

Mitsubishi Logistics Corporation [9301]

Japan

53

23.89

1,256

0.2

Stabilus SE [STM]

Germany

27

48.77

1,327

0.2

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A

China

159

7.69

1,219

0.1

CTS Eventim AG & Co. KGaA [EVD]

Germany

24

52.27

1,239

0.1

Marui Group Co. Ltd. [8252]

Japan

68

17.48

1,192

0.1

Newcrest Mining Limited [NCM]

Australia

86

14.37

1,235

0.1

Nippon Television Holdings Inc. [9404]

Japan

135

8.88

1,202

0.1

Nissan Chemical Corporation [4021]

Japan

27

46.00

1,228

0.1

Nisshinbo Holdings Inc. [3105]

Japan

161

7.52

1,209

0.1

Prudential plc [PRU]

United Kingdom

99

12.34

1,218

0.1

Swire Pacific Limited Class A [19]

Hong Kong

195

5.96

1,159

0.1

Acerinox SA [ACX]

Spain

117

9.66

1,127

0.1

CK Hutchison Holdings Ltd [1]

Hong Kong

159

6.76

1,075

0.1

East Japan Railway Company [9020]

Japan

22

51.07

1,139

0.1

IG Group Holdings plc [IGG]

United Kingdom

135

8.39

1,134

0.1

Telstra Corporation Limited [TLS]

Australia

411

2.65

1,089

0.1

TUI AG [TUI1]

United Kingdom

707

1.61

1,140

0.1

ALS Ltd. [ALQ]

Australia

136

7.34

997

0.1

Beach Energy Limited [BPT]

Australia

888

1.19

1,053

0.1

Bluescope Steel Limited [BSL]

Australia

91

10.93

995

0.1

Getinge AB Class B [GETI.B]

Sweden

46

23.07

1,059

0.1

Great Eastern Holdings Limited [G07]

Singapore

73

14.08

1,032

0.1

Kyocera Corporation [6971]

Japan

19

53.41

993

0.1

Logitech International S.A. [LOGN]

Switzerland

20

52.09

1,030

0.1

Qantas Airways Limited [QAN]

Australia

340

3.07

1,044

0.1

Stella International Holdings Limited [1836]

Hong Kong

1,043

0.96

997

0.1

Sumitomo Mitsui Financial Group Inc. [8316]

Japan

35

29.68

1,030

0.1

TBS HOLDINGS INC. [9401]

Japan

83

12.51

1,043

0.1

Aristocrat Leisure Limited [ALL]

Australia

40

23.64

951

0.1

Brambles Limited [BXB]

Australia

133

7.36

977

0.1

Bridgestone Corporation [5108]

Japan

26

36.44

955

0.1

Daifuku Co. Ltd. [6383]

Japan

17

57.12

954

0.1

easyJet plc [EZJ]

United Kingdom

217

4.45

968

0.1

Fletcher Building Limited [FBU]

New Zealand

293

3.13

918

0.1

Future plc [FUTR]

United Kingdom

46

20.92

959

0.1

NS Solutions Corp [2327]

Japan

36

26.65

957

0.1

Taylor Wimpey plc [TW]

United Kingdom

690

1.42

978

0.1

Yakult Honsha Co. Ltd. [2267]

Japan

16

57.63

916

0.1

Carsales.Com Limited [CAR]

Australia

71

12.65

892

0.1

Dowa Holdings Co. Ltd. [5714]

Japan

27

33.16

899

0.1

Fukuoka Financial Group Inc. [8354]

Japan

50

17.99

894

0.1

Gestamp Automocion S.A. [GEST]

Spain

236

3.45

816

0.1

HSBC Holdings Plc [5]

Hong Kong

128

6.58

842

0.1

JAFCO Group Co. Ltd. [8595]

Japan

74

12.04

890

0.1

James Hardie Industries PLC Chess Units of Foreign Securities [JHX]

Australia

40

21.85

868

0.1

KDDI Corporation [9433]

Japan

26

31.57

833

0.1

L'Occitane International S.A. [973]

Hong Kong

282

3.12

881

0.1

MatsukiyoCocokara & Co. [3088]

Japan

22

40.41

877

0.1

Pets At Home Group Plc [PETS]

United Kingdom

219

3.73

818

0.1

Sumitomo Metal Mining Co. Ltd. [5713]

Japan

26

31.28

816

0.1

Tokyo Ohka Kogyo Co. Ltd. [4186]

Japan

17

48.88

841

0.1

Amplifon S.p.A. [AMP]

Italy

24

30.58

730

0.1

Evolution Mining Limited [EVN]

Australia

451

1.64

739

0.1

Hakuhodo Dy Holdings Incorporated [2433]

Japan

80

9.16

735

0.1

Hannover Rueck SE [HNR1]

Germany

5

144.79

783

0.1

Hiscox Ltd [HSX]

United Kingdom

71

11.44

810

0.1

Jupiter Fund Management plc [JUP]

United Kingdom

438

1.80

787

0.1

MEGMILK SNOW BRAND Co. Ltd. [2270]

Japan

59

13.35

790

0.1

Metcash Limited [MTS]

Australia

274

2.92

799

0.1

Sekisui Chemical Co. Ltd. [4204]

Japan

57

13.67

778

0.1

Sumitomo Bakelite Co. Ltd. [4203]

Japan

27

29.92

808

0.1

Viaplay Group AB Class B [VPLAY.B]

Sweden

39

20.48

806

0.1

Wartsila Oyj Abp [WRT1V]

Finland

94

7.77

732

0.1

Capita plc [CPI]

United Kingdom

2,112

0.31

654

0.1

Challenger Limited [CGF]

Australia

140

4.70

659

0.1

Euromoney Institutional Investor PLC [ERM]

United Kingdom

40

16.32

653

0.1

Informa Plc [INF]

United Kingdom

112

6.42

719

0.1

Irish Continental Group PLC Units Cons.of 1 Sh (CH24411198)and up to 10 Red Shs (Nil Issued) [IR5B]

Ireland

192

3.71

714

0.1

Nintendo Co. Ltd. [7974]

Japan

2

431.93

691

0.1

Osterreichische Post AG [POST]

Austria

24

28.44

671

0.1

Pernod Ricard SA [RI]

France

4

183.27

687

0.1

PERSOL HOLDINGS CO. LTD. [2181]

Japan

40

18.15

717

0.1

Reply S.p.A. [REY]

Italy

6

120.96

691

0.1

ANDRITZ AG [ANDR]

Austria

14

40.19

578

0.1

Asahi Group HoldingsLtd. [2502]

Japan

19

32.72

628

0.1

British American Tobacco p.l.c. [BATS]

United Kingdom

14

42.74

580

0.1

Helvetia Holding Ltd [HELN]

Switzerland

5

116.68

559

0.1

InterContinental Hotels Group PLC [IHG]

United Kingdom

12

52.83

618

0.1

Miura Co. Ltd. [6005]

Japan

29

19.74

565

0.1

OMRON Corporation [6645]

Japan

11

50.72

568

0.1

PageGroup PLC [PAGE]

United Kingdom

118

4.85

573

0.1

Samsonite International S.A. [1910]

Hong Kong

297

1.99

591

0.1

SENKO Group Holdings Co.Ltd. [9069]

Japan

98

6.46

634

0.1

Singapore Telecommunications Limited [Z74]

Singapore

338

1.82

614

0.1

Woodside Energy Group Ltd [WDS]

Australia

27

21.89

583

0.1

Zalando SE [ZAL]

Germany

22

26.09

572

0.1

AMP Limited [AMP]

Australia

754

0.66

495

0.1

Asics Corporation [7936]

Japan

31

18.06

554

0.1

ASMPT Limited [522]

Hong Kong

65

8.49

552

0.1

Befesa SA [BFSA]

Germany

11

48.51

541

0.1

CRH Plc [CRH]

United Kingdom

15

34.30

526

0.1

Daiwa Securities Group Inc. [8601]

Japan

120

4.46

534

0.1

Ferrovial S.A. [FER]

Spain

20

25.29

515

0.1

GEA Group Aktiengesellschaft [G1A]

Germany

14

34.38

480

0.1

IPH Ltd. [IPH]

Australia

97

5.61

544

0.1

John Wood Group PLC [WG]

United Kingdom

271

1.89

513

0.1

National Express Group PLC [NEX]

United Kingdom

208

2.36

492

0.1

NOMURA Co. Ltd. [9716]

Japan

75

6.85

511

0.1

NSK Ltd. [6471]

Japan

100

5.37

538

0.1

Provident Financial PLC [PFG]

United Kingdom

226

2.42

547

0.1

Randstad NV [RAND]

Netherlands

10

48.30

495

0.1

UBS Group AG [UBSG]

Switzerland

30

16.08

483

0.1

Bandai Namco Holdings Inc. [7832]

Japan

6

70.51

388

0.1

Barratt Developments PLC [BDEV]

United Kingdom

84

5.55

464

0.1

Close Brothers Group plc [CBG]

United Kingdom

36

12.45

446

0.1

Devro plc [DVO]

United Kingdom

194

2.23

432

0.1

Gerresheimer AG [GXI]

Germany

7

64.82

452

0.1

Intesa Sanpaolo S.p.A. [ISP]

Italy

252

1.86

469

0.1

Modern Times Group MTG AB Class B [MTG.B]

Sweden

54

8.02

430

0.1

Playtech plc [PTEC]

United Kingdom

69

6.58

452

0.1

Rathbones Group PLC [RAT]

United Kingdom

19

23.58

449

0.1

SAWAI GROUP HOLDINGS Co. Ltd. [4887]

Japan

15

30.29

445

0.1

Schibsted Asa Class A [SCHA]

Norway

23

17.80

410

0.1

Smith & Nephew PLC [SN]

United Kingdom

33

13.94

461

0.1

TechnoPro Holdings Inc. [6028]

Japan

23

20.00

450

0.1

AEON Delight Co. Ltd. [9787]

Japan

16

21.84

343

0.0

Alfresa Holdings Corporation [2784]

Japan

27

13.43

368

0.0

Carnival plc [CCL]

United Kingdom

40

7.52

301

0.0

Delfi Limited [P34]

Singapore

643

0.54

347

0.0

Elis SA [ELIS]

France

25

13.28

329

0.0

Esprit Holdings Limited [330]

Hong Kong

1,930

0.18

347

0.0

GWA Group Limited [GWA]

Australia

230

1.35

311

0.0

Iveco Group NV [IVG]

Italy

66

5.27

349

0.0

Just Eat Takeaway.com N.V. [TKWY]

Netherlands

23

15.75

366

0.0

Kawasaki Kisen Kaisha Ltd. [9107]

Japan

6

60.73

358

0.0

MIPS AB [MIPS]

Sweden

7

43.55

326

0.0

OZ Minerals Limited [OZL]

Australia

29

12.21

356

0.0

Quadient SA [QDT]

France

18

17.02

314

0.0

Rotork plc [ROR]

United Kingdom

125

2.92

364

0.0

Softcat Plc [SCT]

United Kingdom

20

15.99

327

0.0

Danske Bank A/S [DANSKE]

Denmark

21

14.10

294

0.0

First Pacific Co. Ltd. [142]

Hong Kong

754

0.39

292

0.0

International Personal Finance plc [IPF]

United Kingdom

313

0.93

291

0.0

Johnson Electric Holdings Limited [179]

Hong Kong

191

1.30

249

0.0

Orica Limited [ORI]

Australia

28

10.84

299

0.0

Prudential plc [2378]

United Kingdom

19

12.13

233

0.0

RWS Holdings plc [RWS]

United Kingdom

69

4.18

289

0.0

Technip Energies NV [TE]

France

18

12.44

220

0.0

Vicat-Ciments Vicat SA [VCT]

France

8

27.50

233

0.0

Domain Holdings Australia Ltd. [DHG]

Australia

62

2.07

129

0.0

Imerys SA [NK]

France

6

30.38

173

0.0

Mediaset Espana Comunicacion SA [TL5]

Spain

43

4.10

175

0.0

Modern Times Group MTG AB TEMP Class B [MTG.IL.B]

Sweden

54

2.44

131

0.0

Petrofac Limited [PFC]

United Kingdom

110

1.36

150

0.0

Schibsted ASA Class B [SCHB]

Norway

10

16.25

170

0.0

Singapore Land Group Limited [U06]

Singapore

74

1.83

136

0.0

Fuji Oil Holdings Inc. [2607]

Japan

7

15.77

110

0.0

Saipem S.p.A. [SPM]

Italy

20

2.67

54

0.0

CARSALES.COM LIMITED RIGHTS

Australia

17

NaN

0

0.0

Cazoo Group Ltd Class A [CZOO]

United States

30

0.72

21

0.0

Non-Standard Finance Plc [NSF]

United Kingdom

337

0.02

6

0.0

Saipem S.p.A. Rights 2022-11.07.22 For Shares [SPMAA]

Italy

20

1.32

27

0.0

Severstal PAO Sponsored GDR RegS [SVJTY]

Russia

320

0.00

0

0.0

X 5 RETAIL GROUP NV REGS GDR DEPOSITORY RECEIPT

Russia

141

0.00

0

0.0

Total

--

--

--

833,427

98.8

Cash and Other Assets Less Liabilities

--

--

--

--

1.2

Total Net Assets

--

--

--

--

100%

as of 6/30/2022

Economic Sector

Diversified International All Cap Fund %

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

[Unassigned]

0.0

-5.6

Real Estate

-6.1

-13.5

Consumer Staples

-7.7

-7.6

Consumer Discretionary

-8.9

-8.4

Financials

-12.4

-14.3

Communication Services

-14.3

-10.7

Industrials

-15.1

-17.1

Health Care

-16.7

-9.6

Utilities

-17.0

-9.5

Information Technology

-19.7

-22.6

Materials

-25.2

-21.4

Energy

-30.4

-4.7

as of 6/30/2022

Economic Sector

Diversified International All Cap Fund %

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

Financials

21.8

20.2

Industrials

19.4

11.7

Consumer Discretionary

11.9

11.7

Information Technology

9.8

10.8

Consumer Staples

9.8

8.9

Materials

8.2

7.9

Health Care

6.2

9.8

Communication Services

5.2

6.6

Energy

4.4

6.0

Real Estate

0.3

2.4

Utilities

0.3

3.4

as of 6/30/2022

Country

Diversified International All Cap Fund %

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

United Kingdom

15.8

9.9

Japan

15.1

13.7

Canada

10.3

8.1

China

5.5

9.9

France

4.7

7.0

India

4.6

3.8

Hong Kong

4.2

2.1

Australia

3.9

4.9

Denmark

3.7

1.7

Taiwan

3.7

4.3

Other

28.5

34.6

Investment Team

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.

Documents

Fund Documents

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.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.

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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