Harbor International Growth Fund (HAIGX)

Overview

Performance

Holdings

Investment Team

Documents

Overview

Current Price

as of 9/23/2022

NAV Price	$12.83
NAV Daily Change ($)	-$0.36
NAV Daily Change (%)	-2.73%
NAV YTD Return	-38.99%

Fund Facts

Inception Date	11/1/1993
Net Expense Ratio	0.85%
Gross Expense Ratio	0.89%
Total Net Assets (million) as of 8/31/2022	$330.223
Ticker	HAIGX
Fund Number	2017
Share Class	Institutional

Top Ten Holdings

as of 6/30/2022

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]	3.6%
Mettler-Toledo International Inc. [MTD]	2.5%
Prosus N.V. Class N [PRX]	2.5%
United Overseas Bank Ltd. (Singapore) [U11]	2.4%
Housing Development Finance Corporation Limited [500010]	2.3%
Olympus Corp. [7733]	2.2%
ASML Holding NV [ASML]	2.2%
Compagnie Financiere Richemont SA [CFR]	2.1%
AIA Group Limited [1299]	2.0%
Sartorius AG Pref [SRT3]	2.0%
% of Total Holdings:	23.9%

“We care about the likely long-term growth of company earnings. It is this above all else that drives long term share price developments.”

Iain Campbell

Investment Manager, Baillie Gifford Overseas Limited

Performance

Total Returns

MONTH-END

QUARTER-END

MONTH-BY-MONTH

YEAR-BY-YEAR

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

International Growth Fund

-5.12%

-32.19%

-35.26%

1.44%

1.38%

4.98%

3.46%

0.85% disclaimer

0.89%

MSCI All Country World Ex. US (ND) Index

-8.51%

-18.34%

-19.52%

2.87%

1.67%

4.48%

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

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

12/17/2021

12/20/2021

0.00000

0.11909

1.73329

0.06032

0.00000

1.67297

1.85238

0.02830

12/16/2020

12/17/2020

0.00000

0.13497

0.00000

0.13497

0.01526

22.18

12/13/2019

12/16/2019

0.00000

0.30536

0.00000

0.30536

0.01911

16.95

12/14/2018

12/17/2018

0.00000

0.09924

0.00000

0.09924

0.01848

12.93

12/15/2017

12/18/2017

0.00000

0.17793

0.00000

0.17793

0.01987

15.64

12/16/2016

12/19/2016

0.00000

0.16505

0.00000

0.16505

0.02236

12.13

12/16/2015

12/17/2015

0.00000

0.12538

0.00000

0.12538

0.01435

12.23

12/17/2014

12/18/2014

0.00000

0.18956

0.00000

0.18956

0.01800

12.33

12/16/2013

12/17/2013

0.00000

0.18605

0.00000

0.18605

0.02506

12.48

12/14/2012

12/17/2012

0.00000

0.70388

0.00000

0.70388

0.11764

11.38

12/15/2011

12/16/2011

0.00000

10.24

12/16/2010

12/17/2010

0.00000

0.22421

0.00000

0.22421

0.02239

12.12

12/17/2009

12/18/2009

0.00000

0.10485

0.00000

0.10485

0.01716

10.81

12/18/2008

12/19/2008

0.00000

0.09329

0.00000

0.09329

0.01464

7.88

12/18/2007

12/19/2007

0.00000

0.19266

0.00000

0.19266

0.02073

15.60

12/18/2006

12/19/2006

0.00000

0.03640

0.00000

0.03640

0.00568

13.29

12/19/2005

12/20/2005

0.00000

0.03432

0.00000

0.03432

0.00498

10.80

12/29/2004

12/30/2004

0.00000

0.07157

0.00000

0.07157

0.02024

9.19

12/29/2003

12/30/2003

0.00000

0.07865

0.00000

0.07865

0.02117

8.33

12/27/2002

12/30/2002

0.00000

0.03159

0.00000

0.03159

0.01605

6.58

12/26/2001

12/27/2001

12/28/2001

0.00000

0.00145

0.00000

0.00145

0.01943

8.71

12/20/2000

12/21/2000

12/22/2000

0.00000

0.00434

1.82147

0.90543

0.00000

0.91604

1.82581

0.02804

13.69

12/21/1999

12/22/1999

12/23/1999

0.00000

0.13804

1.37768

0.10944

0.00000

1.26824

1.51572

0.04572

21.17

12/28/1998

12/29/1998

12/31/1998

0.00000

0.11034

0.27256

0.00000

0.27256

0.38290

0.03004

19.63

12/24/1997

12/26/1997

12/31/1997

0.00000

0.12252

0.59231

0.00000

0.22839

0.36392

0.71483

0.02735

15.77

12/24/1996

12/26/1996

12/31/1996

0.00000

0.07968

0.36269

0.05239

0.00000

0.31030

0.44237

0.01746

15.95

12/22/1995

12/26/1995

12/29/1995

0.00000

0.10895

0.00000

0.10895

0.01979

12.49

6/23/1995

6/26/1995

6/30/1995

0.00000

0.01316

0.00000

0.01316

0.01886

11.50

12/23/1994

12/27/1994

12/30/1994

0.00000

0.06426

0.00000

0.06426

0.00021

10.01

12/23/1993

12/27/1993

12/31/1993

0.00000

0.00597

0.00000

0.00597

0.00000

11.15

Holdings

Portfolio Characteristics

as of 6/30/2022

International Growth Fund

Number of Holdings

Wtd Avg Market Cap ($Mil)

63160.8

Price/Book Ratio

5.11

Adjusted Trailing P/E Ratio

26.5

% EPS Growth - Past 3 Yr

19.2

Return on Equity (%)

17.01

Forecasted P/E Ratio

23.9

Proj. Earnings Growth Rate (%)

13.8

Top Ten Holdings

as of 6/30/2022

Company Name [Ticker]

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR[TSM]

3.7

Mettler-Toledo International Inc.[MTD]

2.5

Prosus N.V. Class N[PRX]

2.5

United Overseas Bank Ltd. (Singapore)[U11]

2.4

Housing Development Finance Corporation Limited[500010]

2.3

Olympus Corp.[7733]

2.2

ASML Holding NV[ASML]

2.2

Compagnie Financiere Richemont SA[CFR]

2.1

AIA Group Limited[1299]

2.0

Sartorius AG Pref[SRT3]

2.0

% of Total Holdings:

23.9%

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.

Full Holdings

as of 6/30/2022

Download: Calendar Quarter-End Holdings (csv)

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]

Taiwan

191

81.75

15,645

3.7

Mettler-Toledo International Inc. [MTD]

United States

1,148.77

10,636

2.5

Prosus N.V. Class N [PRX]

Netherlands

162

65.32

10,600

2.5

United Overseas Bank Ltd. (Singapore) [U11]

Singapore

535

18.86

10,093

2.4

Housing Development Finance Corporation Limited [500010]

India

354

27.49

9,732

2.3

Olympus Corp. [7733]

Japan

470

20.07

9,424

2.2

ASML Holding NV [ASML]

Netherlands

476.57

9,342

2.2

Compagnie Financiere Richemont SA [CFR]

Switzerland

106.18

9,125

2.1

AIA Group Limited [1299]

Hong Kong

807

10.84

8,751

2.0

Sartorius AG Pref [SRT3]

Germany

348.55

8,676

2.0

Rightmove plc [RMV]

United Kingdom

1,184

6.90

8,172

1.9

Shiseido CompanyLimited [4911]

Japan

203

40.09

8,122

1.9

Remy Cointreau SA [RCO]

France

174.28

7,901

1.9

Cochlear Limited [COH]

Australia

136.64

7,350

1.7

SMC Corporation [6273]

Japan

445.11

7,335

1.7

LONGi Green Energy Technology Co Ltd Class A

China

723

9.94

7,182

1.7

Bechtle AG [BC8]

Germany

173

40.78

7,071

1.7

Meituan Class B [3690]

China

284

24.75

7,037

1.6

Techtronic Industries Co. Ltd. [669]

Hong Kong

669

10.43

6,976

1.6

Asian Paints Ltd. [500820]

India

203

34.13

6,939

1.6

Auto Trader Group PLC [AUTO]

United Kingdom

1,027

6.74

6,924

1.6

Jeronimo Martins SGPS S.A. [JMT]

Portugal

316

21.68

6,856

1.6

Atlas Copco AB Class A [ATCO.A]

Sweden

725

9.33

6,764

1.6

Murata Manufacturing Co. Ltd. [6981]

Japan

122

54.44

6,661

1.6

NIBE Industrier AB Class B [NIBE.B]

Sweden

848

7.49

6,354

1.5

LVMH Moet Hennessy Louis Vuitton SE [MC]

France

608.14

6,239

1.5

Sysmex Corporation [6869]

Japan

101

60.11

6,067

1.4

Contemporary Amperex Technology Co., Ltd. Class A

China

79.65

6,026

1.4

Ping An Insurance (Group) Company of China Ltd. Class H [2318]

China

870

6.80

5,916

1.4

IMCD N.V. [IMCD]

Netherlands

136.90

5,768

1.4

Nidec Corporation [6594]

Japan

61.68

5,593

1.3

Investor AB Class B [INVE.B]

Sweden

335

16.41

5,495

1.3

Li Ning Company Limited [2331]

China

592

9.26

5,488

1.3

Shimano Inc. [7309]

Japan

168.71

5,480

1.3

Unicharm Corporation [8113]

Japan

152

33.42

5,080

1.2

Keyence Corporation [6861]

Japan

341.39

4,861

1.1

MercadoLibre Inc. [MELI]

United States

636.87

4,854

1.1

Xero Limited [XRO]

Australia

52.92

4,755

1.1

Epiroc AB Class B [EPI.B]

Sweden

344

13.49

4,645

1.1

Shopify Inc. Class A [SHOP]

Canada

148

31.24

4,616

1.1

Raia Drogasil S.A. [RADL3]

Brazil

1,249

3.67

4,587

1.1

Lonza Group AG [LONN]

Switzerland

531.68

4,541

1.1

Zalando SE [ZAL]

Germany

174

26.09

4,534

1.1

Adyen NV [ADYEN]

Netherlands

1,451.08

4,453

1.0

Alibaba Group Holding Ltd. Sponsored ADR [BABA]

Hong Kong

113.68

4,427

1.0

Baidu Inc Sponsored ADR Class A [BIDU]

Hong Kong

148.73

4,284

1.0

Kering SA [KER]

France

512.38

4,224

1.0

adidas AG [ADS]

Germany

176.43

4,101

1.0

Alibaba Group Holding Ltd. [9988]

China

279

14.26

3,972

0.9

Experian PLC [EXPN]

United Kingdom

134

29.22

3,923

0.9

DENSO CORPORATION [6902]

Japan

53.06

3,896

0.9

Hargreaves Lansdown plc [HL]

United Kingdom

402

9.57

3,850

0.9

Games Workshop Group PLC [GAW]

United Kingdom

81.13

3,781

0.9

Recruit Holdings Co. Ltd. [6098]

Japan

128

29.41

3,767

0.9

Suzuki Motor Corp. [7269]

Japan

120

31.39

3,762

0.9

Intertek Group plc [ITRK]

United Kingdom

51.08

3,693

0.9

NAVER Corp. [035420]

South Korea

184.84

3,686

0.9

RATIONAL AG [RAA]

Germany

579.70

3,668

0.9

Burberry Group plc [BRBY]

United Kingdom

175

19.93

3,483

0.8

Trainline Plc [TRN]

United Kingdom

983

3.50

3,439

0.8

SoftBank Group Corp. [9984]

Japan

38.53

3,375

0.8

Nemetschek SE [NEM]

Germany

60.39

3,278

0.8

United Spirits Limited [532432]

India

340

9.62

3,268

0.8

Spotify Technology SA [SPOT]

United States

93.83

3,200

0.8

Wal-Mart de Mexico SAB de CV [WALMEX]

Mexico

895

3.44

3,075

0.7

Z Holdings Corporation [4689]

Japan

1,056

2.92

3,080

0.7

Trip.com Group Ltd. [9961]

Hong Kong

104

28.24

2,949

0.7

Ubisoft Entertainment SA [UBI]

France

43.80

2,800

0.7

Weir Group PLC [WEIR]

United Kingdom

143

16.55

2,369

0.5

ICICI Lombard General Insurance Co. Ltd. [540716]

India

159

14.19

2,253

0.5

Kao Corp. [4452]

Japan

40.28

2,289

0.5

HomeServe plc [HSV]

United Kingdom

149

14.23

2,122

0.5

Coupang Inc. Class A [CPNG]

United States

165

12.75

2,106

0.5

MakeMyTrip Ltd. [MMYT]

India

25.68

2,062

0.5

Sugi Holdings Co. Ltd. [7649]

Japan

43.80

1,945

0.5

Thai Beverage Public Co. Ltd. [Y92]

Singapore

4,009

0.46

1,858

0.4

Farfetch Ltd. Class A [FTCH]

United States

248

7.16

1,775

0.4

Pigeon Corporation [7956]

Japan

102

13.70

1,401

0.3

BeiGene Ltd [6160]

Hong Kong

105

12.55

1,314

0.3

BeiGene Ltd Sponsored ADR [BGNE]

China

161.85

1,304

0.3

Wise PLC Class A [WISE]

United Kingdom

349

3.61

1,262

0.3

AUTO1 Group SE [AG1]

Germany

158

7.30

1,152

0.3

Atlas Copco AB Class B [ATCO.B]

Sweden

123

8.35

1,031

0.2

Total

421,894

99.0

Cash and Other Assets Less Liabilities

1.0

Total Net Assets

100%

Sector Allocations

as of 6/30/2022

Economic Sector

International Growth Fund %

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

Consumer Discretionary

23.0

11.7

Industrials

16.4

11.7

Information Technology

16.2

10.8

Health Care

11.5

9.8

Consumer Staples

10.8

8.9

Financials

10.8

20.2

Communication Services

8.3

6.6

Materials

1.6

7.9

Energy

0.0

6.0

Real Estate

0.0

2.4

Utilities

0.0

3.4

Sector Returns

as of 6/30/2022

Economic Sector

International Growth Fund %

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

Utilities

0.0

-9.5

Energy

0.0

-4.7

[Unassigned]

0.0

-5.6

Real Estate

0.0

-13.5

Financials

-13.2

-14.3

Consumer Discretionary

-14.3

-8.4

Materials

-15.7

-21.4

Health Care

-16.0

-9.6

Consumer Staples

-16.8

-7.6

Communication Services

-21.4

-10.7

Industrials

-23.7

-17.1

Information Technology

-25.7

-22.6

Top 10 Countries

as of 6/30/2022

Country

International Growth Fund %

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

Japan

19.2

13.7

United Kingdom

10.0

9.9

China

8.6

9.9

Germany

7.6

4.8

Netherlands

7.0

2.6

Hong Kong

6.7

2.1

Sweden

5.7

2.1

India

5.7

3.8

United States

5.3

France

5.0

7.0

Other

19.2

44.1

Investment Team

Baillie Gifford Overseas Limited

Baillie Gifford Overseas Limited is one of the UK’s largest independent investment management firms and is wholly owned by the current partners, the people who invest for and look after their clients. Investment management is their core business and they advise for a global client base across specialist equity, fixed income and multi-asset portfolios.

Baillie Gifford puts their clients’ interests above all else. They are able do this because they are an independent partnership and therefore do not have the distraction of outside shareholders. This means the firm is able to focus all of their resources on providing excellent investment returns and outstanding service for clients.

Stephen Paice
Investment Manager
Stephen joined Baillie Gifford in 2005 and became a member of the International All Cap Portfolio Construction Group in July 2022. He is head of the European Equity Team. Prior to that he spend time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.

Stephen joined Baillie Gifford in 2005 and became a member of the International All Cap Portfolio Construction Group in July 2022. He is head of the European Equity Team. Prior to that he spend time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.
Iain Campbell
Investment Manager
Iain joined Baillie Gifford in 2004 and has been a member of the International All Cap Portfolio Construction Group since 2010. He became a Partner of the firm in 2020. Prior to joining Baillie Gifford, he worked for Goldman Sachs as an analyst in the Investment Banking division. Iain graduated BA in Modern History from the University of Oxford in 2000.

Iain joined Baillie Gifford in 2004 and has been a member of the International All Cap Portfolio Construction Group since 2010. He became a Partner of the firm in 2020. Prior to joining Baillie Gifford, he worked for Goldman Sachs as an analyst in the Investment Banking division. Iain graduated BA in Modern History from the University of Oxford in 2000.
Sophie Earnshaw, CFA
Investment Manager
Sophie joined Baillie Gifford in 2010. She is a CFA Charterholder and has been a member of the International All Cap Portfolio Construction Group since 2014. She graduated MA in English Literature from the University of Edinburgh in 2008 and MPhil in Eighteenth Century and Romantic Literature from the University of Cambridge in 2009.

Sophie joined Baillie Gifford in 2010. She is a CFA Charterholder and has been a member of the International All Cap Portfolio Construction Group since 2014. She graduated MA in English Literature from the University of Edinburgh in 2008 and MPhil in Eighteenth Century and Romantic Literature from the University of Cambridge in 2009.
Joe Faraday, CFA
Client Service Director
Joe joined Baillie Gifford in 2002 and has been a member of the International All Cap Portfolio Construction Group since 2007 and leads the international Investment Specialists team. He graduated Meng in Chemical Engineering from the University of Cambridge in 2002 and gained an MBA from t he University of Edinburgh in 2009. Joe is also a CFA Charterholder.

Joe joined Baillie Gifford in 2002 and has been a member of the International All Cap Portfolio Construction Group since 2007 and leads the international Investment Specialists team. He graduated Meng in Chemical Engineering from the University of Cambridge in 2002 and gained an MBA from t he University of Edinburgh in 2009. Joe is also a CFA Charterholder.
Milena Mileva
Investment Manager
Milena joined Baillie Gifford in 2009 and has been a member of the International All Cap Portfolio Construction Group since May 2022. She became a partner in 2022. Milena graduated BA in Social & Political Science from the University of Cambridge in 2007 and MPhil in Politics from the University of Oxford in 2009.

Milena joined Baillie Gifford in 2009 and has been a member of the International All Cap Portfolio Construction Group since May 2022. She became a partner in 2022. Milena graduated BA in Social & Political Science from the University of Cambridge in 2007 and MPhil in Politics from the University of Oxford in 2009.
Stephen Paice
Investment Manager
Stephen joined Baillie Gifford in 2005 and became a member of the International All Cap Portfolio Construction Group in July 2022. He is head of the European Equity Team. Prior to that he spend time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.

Stephen joined Baillie Gifford in 2005 and became a member of the International All Cap Portfolio Construction Group in July 2022. He is head of the European Equity Team. Prior to that he spend time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.
Iain Campbell
Investment Manager
Iain joined Baillie Gifford in 2004 and has been a member of the International All Cap Portfolio Construction Group since 2010. He became a Partner of the firm in 2020. Prior to joining Baillie Gifford, he worked for Goldman Sachs as an analyst in the Investment Banking division. Iain graduated BA in Modern History from the University of Oxford in 2000.

Iain joined Baillie Gifford in 2004 and has been a member of the International All Cap Portfolio Construction Group since 2010. He became a Partner of the firm in 2020. Prior to joining Baillie Gifford, he worked for Goldman Sachs as an analyst in the Investment Banking division. Iain graduated BA in Modern History from the University of Oxford in 2000.

Documents

Fund Documents

International Growth Fund Quarterly Report

08/01/2022

International Growth Fund Portfolio Holdings

07/14/2022

Regulatory

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.

2267686

Prospectuses Policies Terms & Conditions Proxy Voting News Careers Broker Check

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.

Harbor International Growth Fund (HAIGX)

Overview

Current Price

as of 9/23/2022

Fund Facts

as of 8/31/2022

Top Ten Holdings

as of 6/30/2022

Performance

Total Returns

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Price History

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

Holdings

Portfolio Characteristics

as of 6/30/2022

International Growth Fund

Top Ten Holdings

as of 6/30/2022

Company Name [Ticker]

% of Net Assets

Full Holdings

as of 6/30/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Sector Allocations

as of 6/30/2022

Economic Sector

International Growth Fund %

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

Sector Returns

as of 6/30/2022

Economic Sector

International Growth Fund %

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

Top 10 Countries

as of 6/30/2022

Country

International Growth Fund %

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

Investment Team

Baillie Gifford Overseas Limited

Documents

Fund Documents

International Growth Fund Quarterly Report

International Growth Fund Portfolio Holdings

International Growth Fund Generic RFP

Regulatory

International Growth Fund Summary Prospectus

Harbor Mutual Fund Prospectus

International & Global Annual Report

International & Global Semi-Annual Report

Statement of Additional Information

International & Global Fiscal Q3 Schedule of Holdings

International & Global Fiscal Q1 Schedule of Holdings