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Harbor International Fund (HAINX)

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 5/20/2022

NAV Price

$40.47

NAV Daily Change ($)

$0.23

NAV Daily Change (%)

0.57%

NAV YTD Return

-14.26%

Morningstar Silver

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

Fund Facts

Inception Date

12/29/1987

Net Expense Ratio

0.77%disclaimer

Gross Expense Ratio

0.88%

Total Net Assets (million)

as of 4/30/2022

$2,802.492

Ticker

HAINX

Fund Number

2011

Share Class

Institutional

Top Ten Holdings

as of 3/31/2022

BP p.l.c. [BP]

2.0%

Roche Holding Ltd Dividend Right Cert. [ROG]

2.0%

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

1.9%

HitachiLtd. [6501]

1.5%

Equinor ASA [EQNR]

1.4%

Nippon Telegraph and Telephone Corporation [9432]

1.3%

Vestas Wind Systems A/S [VWS]

1.2%

Glencore plc [GLEN]

1.2%

Barclays PLC [BARC]

1.0%

BNP Paribas S.A. Class A [BNP]

1.0%

% of Total Holdings:

14.5%

Morningstar Silver

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

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

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

International Fund

-9.98%

-12.69%

-11.42%

4.80%

3.20%

3.94%

9.59%

0.77%disclaimer

0.88%

MSCI EAFE (ND) Index

-7.53%

-12.00%

-8.15%

4.44%

4.77%

5.77%

5.18%

--

--

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 EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. 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

1.01357

0.00000

--

0.00000

--

1.01357

0.07776

--

12/16/2020

12/17/2020

12/17/2020

0.00000

0.46148

0.00000

0.00000

0.00000

0.00000

0.46148

0.07883

43.88

12/13/2019

12/16/2019

12/16/2019

0.00000

1.24858

0.00000

0.00000

0.00000

0.00000

1.24858

0.12363

40.14

12/14/2018

12/17/2018

12/17/2018

0.00000

0.82960

20.86815

0.00000

0.00000

20.86815

21.69775

0.22951

33.78

12/15/2017

12/18/2017

12/18/2017

0.00000

1.24034

2.99764

0.00000

0.00000

2.99764

4.23798

0.11794

67.12

12/16/2016

12/19/2016

12/19/2016

0.00000

1.16303

0.00000

0.00000

0.00000

0.00000

1.16303

0.09833

58.20

12/16/2015

12/17/2015

12/17/2015

0.00000

1.08101

1.77257

0.00000

0.00000

1.77257

2.85358

0.08429

58.99

12/17/2014

12/18/2014

12/18/2014

0.00000

1.41848

0.00000

0.00000

0.00000

0.00000

1.41848

0.07359

65.81

12/16/2013

12/17/2013

12/17/2013

0.00000

1.49528

0.00000

0.00000

0.00000

0.00000

1.49528

0.08165

67.62

12/14/2012

12/17/2012

12/17/2012

0.00000

1.25643

0.00000

0.00000

0.00000

0.00000

1.25643

0.14974

61.27

12/15/2011

12/16/2011

12/16/2011

0.00000

1.31560

0.00000

0.00000

0.00000

0.00000

1.31560

0.17522

50.66

12/16/2010

12/17/2010

12/17/2010

0.00000

0.87167

0.00000

0.00000

0.00000

0.00000

0.87167

0.13258

59.15

12/17/2009

12/18/2009

12/18/2009

0.00000

0.70484

0.00000

0.00000

0.00000

0.00000

0.70484

0.11336

53.48

12/18/2008

12/19/2008

12/19/2008

0.00000

0.77735

0.00000

0.00000

0.00000

0.00000

0.77735

0.19041

39.05

12/18/2007

12/19/2007

12/19/2007

0.00000

1.05527

3.02183

0.34462

0.00000

2.67721

4.07710

0.14071

69.04

12/18/2006

12/19/2006

12/19/2006

0.00000

1.46093

1.88471

0.00000

0.00000

1.88471

3.34564

0.10523

61.04

12/19/2005

12/20/2005

12/20/2005

0.00000

1.03063

1.22051

0.00000

0.00000

1.22051

2.25114

0.07827

48.73

12/29/2004

12/30/2004

12/30/2004

0.00000

0.55524

0.14616

0.00000

0.00000

0.14616

0.70140

0.09876

42.76

12/29/2003

12/30/2003

12/30/2003

0.00000

0.50578

0.55692

0.03901

0.00000

0.51791

1.06270

0.07268

36.54

12/27/2002

12/30/2002

12/30/2002

0.00000

0.33594

0.53886

0.04311

0.00000

0.49575

0.87480

0.06104

26.69

12/26/2001

12/27/2001

12/28/2001

0.00000

0.26688

0.88186

0.00000

0.00000

0.88186

1.14874

0.11084

29.33

12/20/2000

12/21/2000

12/22/2000

0.00000

0.70766

3.79229

0.03436

0.00000

3.75793

4.49995

0.13765

33.66

12/21/1999

12/22/1999

12/23/1999

0.00000

0.64848

2.86003

0.21616

0.00000

2.64387

3.50851

0.12059

40.44

12/28/1998

12/29/1998

12/31/1998

0.00000

0.57892

2.30081

0.39990

0.00000

1.90091

2.87973

0.09880

37.02

12/24/1997

12/26/1997

12/31/1997

0.00000

0.40207

0.89753

0.00620

0.57590

0.31543

1.29960

0.08812

35.10

12/24/1996

12/26/1996

12/31/1996

0.00000

0.41813

0.79650

0.16255

0.00000

0.63395

1.21463

0.08353

31.51

12/22/1995

12/26/1995

12/29/1995

0.00000

0.40631

0.12780

0.01756

0.00000

0.11024

0.53411

0.07427

27.68

12/23/1994

12/27/1994

12/30/1994

0.00000

0.24677

0.93678

0.19100

0.00000

0.74578

1.18355

0.06892

24.31

12/23/1993

12/27/1993

12/31/1993

0.00000

0.21245

0.00000

0.00000

0.00000

0.00000

0.21245

0.04211

24.34

12/24/1992

12/28/1992

12/31/1992

0.00000

0.21765

0.17891

0.07245

0.00000

0.10646

0.39656

0.03544

16.93

12/26/1991

12/27/1991

12/31/1991

0.00000

0.21119

0.00000

0.00000

0.00000

0.00000

0.21119

0.03169

17.00

12/24/1990

12/26/1990

12/31/1990

0.00000

0.33859

0.34342

0.00369

0.00000

0.33973

0.68201

0.00000

14.33

12/21/1989

12/22/1989

12/30/1989

0.00000

0.16964

0.72455

0.35871

0.00000

0.36584

0.89419

0.00000

16.37

12/23/1988

12/27/1988

12/30/1988

0.00000

0.10276

0.75981

0.62003

0.00000

0.13978

0.86257

0.00000

12.78

Holdings

Portfolio Characteristics

as of 3/31/2022

International Fund

Number of Holdings

370

Wtd Avg Market Cap ($Mil)

49572.1

Price/Book Ratio

2.22

Adjusted Trailing P/E Ratio

17.3

% EPS Growth - Past 3 Yr

4.8

Return on Equity (%)

12.59

Forecasted P/E Ratio

15.8

Proj. Earnings Growth Rate (%)

14.9

Top Ten Holdings

as of 3/31/2022

Company Name [Ticker]

% of Net Assets

BP p.l.c.[BP]

2.0

Roche Holding Ltd Dividend Right Cert.[ROG]

2.0

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

1.9

HitachiLtd.[6501]

1.5

Equinor ASA[EQNR]

1.4

Nippon Telegraph and Telephone Corporation[9432]

1.3

Vestas Wind Systems A/S[VWS]

1.2

Glencore plc[GLEN]

1.2

Barclays PLC[BARC]

1.0

BNP Paribas S.A. Class A[BNP]

1.0

% of Total Holdings:

14.5%

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 3/31/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

BP p.l.c. [BP]

United Kingdom

16,513

4.94

81,609

2.0

Roche Holding Ltd Dividend Right Cert. [ROG]

Switzerland

206

398.21

81,850

2.0

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

Denmark

698

112.02

78,171

1.9

HitachiLtd. [6501]

Japan

1,201

50.79

60,977

1.5

Equinor ASA [EQNR]

Norway

1,524

37.88

57,708

1.4

Nippon Telegraph and Telephone Corporation [9432]

Japan

1,844

29.21

53,869

1.3

Vestas Wind Systems A/S [VWS]

Denmark

1,699

29.88

50,756

1.2

Glencore plc [GLEN]

United Kingdom

7,590

6.58

49,968

1.2

Barclays PLC [BARC]

United Kingdom

21,007

1.95

41,019

1.0

BNP Paribas S.A. Class A [BNP]

France

710

57.78

41,018

1.0

Coloplast A/S Class B [COLO.B]

Denmark

266

153.25

40,773

1.0

Intertek Group plc [ITRK]

United Kingdom

590

68.78

40,606

1.0

Lloyds Banking Group plc [LLOY]

United Kingdom

62,860

0.62

38,945

0.9

Dai-ichi Life HoldingsInc. [8750]

Japan

1,885

20.59

38,804

0.9

Rightmove plc [RMV]

United Kingdom

4,574

8.33

38,111

0.9

Compass Group PLC [CPG]

United Kingdom

1,740

21.72

37,801

0.9

Resona Holdings Inc. [8308]

Japan

8,655

4.32

37,371

0.9

ASSA ABLOY AB Class B [ASSA.B]

Sweden

1,316

27.35

35,994

0.9

EssilorLuxottica SA [EL]

France

191

185.03

35,426

0.9

Rio Tinto plc [RIO]

United Kingdom

443

80.07

35,446

0.9

3i Group plc [III]

United Kingdom

1,914

18.28

34,991

0.8

CNH Industrial NV [CNHI]

Italy

2,173

16.02

34,803

0.8

Entain PLC [ENT]

United Kingdom

1,572

21.64

34,011

0.8

Legrand SA [LR]

France

348

96.11

33,461

0.8

Diageo plc [DGE]

United Kingdom

651

50.87

33,095

0.8

Compagnie Financiere Richemont SA [CFR]

Switzerland

256

128.23

32,817

0.8

Sampo Oyj Class A [SAMPO]

Finland

661

49.38

32,651

0.8

ArcelorMittal SA [MT]

France

962

32.60

31,367

0.8

AXA SA [CS]

France

1,071

29.56

31,642

0.8

Toyota Motor Corp. [7203]

Japan

1,717

18.31

31,431

0.8

Geberit AG [GEBN]

Switzerland

50

621.79

31,259

0.8

RELX PLC [REL]

United Kingdom

997

31.38

31,282

0.8

Flutter Entertainment Plc [FLTR]

Ireland

263

116.83

30,691

0.7

Schneider Electric SE [SU]

France

167

169.30

28,227

0.7

Bunzl plc [BNZL]

United Kingdom

711

39.08

27,771

0.7

Fresenius Medical Care AG & Co. KGaA [FME]

Germany

413

67.60

27,889

0.7

Reckitt Benckiser Group plc [RKT]

United Kingdom

357

76.79

27,450

0.7

Unilever PLC [ULVR]

United Kingdom

605

45.49

27,522

0.7

Kirin Holdings Company Limited [2503]

Japan

1,800

15.07

27,121

0.7

HelloFresh SE [HFG]

Germany

561

45.57

25,574

0.6

Bank of Ireland Group Plc [BIRG]

Ireland

3,939

6.46

25,453

0.6

Brenntag Societas Europaea [BNR]

Germany

311

81.60

25,352

0.6

Heineken NV [HEIA]

Netherlands

263

96.33

25,360

0.6

Eurofins Scientific Societe Europeenne [ERF]

France

249

100.04

24,892

0.6

BHP Group Ltd [BHP]

Australia

610

38.86

23,701

0.6

Demant A/S [DEMANT]

Denmark

513

45.77

23,479

0.6

UniCredit S.p.A. [UCG]

Italy

2,137

10.97

23,437

0.6

ASML Holding NV [ASML]

Netherlands

34

678.72

23,007

0.5

HomeServe plc [HSV]

United Kingdom

2,027

11.10

22,496

0.5

ABB Ltd. [ABBN]

Switzerland

674

32.78

22,102

0.5

AIA Group Limited [1299]

Hong Kong

2,055

10.53

21,640

0.5

SSP Group Plc [SSPG]

United Kingdom

7,235

2.99

21,643

0.5

Edenred SA [EDEN]

France

427

49.98

21,348

0.5

NEC Corp. [6701]

Japan

497

42.43

21,101

0.5

NTT DATA Corporation [9613]

Japan

1,065

19.92

21,221

0.5

Sumitomo Mitsui Trust Holdings Inc. [8309]

Japan

645

32.96

21,249

0.5

BASF SE [BAS]

Germany

361

57.59

20,763

0.5

Koninklijke Ahold Delhaize N.V. [AD]

Netherlands

638

32.39

20,658

0.5

Orsted [ORSTED]

Denmark

159

127.02

20,203

0.5

Sonova Holding AG [SOON]

Switzerland

49

421.19

20,449

0.5

adidas AG [ADS]

Germany

85

235.77

19,942

0.5

Holcim Ltd [HOLN]

Switzerland

406

49.21

19,981

0.5

JAPAN POST HOLDINGS Co. Ltd. [6178]

Japan

2,687

7.40

19,892

0.5

CaixaBank SA [CABK]

Spain

5,696

3.42

19,499

0.5

ConvaTec Group Plc [CTEC]

United Kingdom

6,893

2.84

19,568

0.5

Sandvik AB [SAND]

Sweden

903

21.57

19,467

0.5

BAE Systems plc [BA]

United Kingdom

2,034

9.45

19,210

0.5

Adecco Group AG [ADEN]

Switzerland

406

45.65

18,543

0.5

GN Store Nord A/S [GN]

Denmark

372

49.77

18,513

0.5

WPP Plc [WPP]

United Kingdom

1,403

13.21

18,533

0.5

Australia and New Zealand Banking Group Limited [ANZ]

Australia

858

20.73

17,776

0.4

Hays plc [HAS]

United Kingdom

11,134

1.62

18,003

0.4

Nomura Holdings Inc. [8604]

Japan

4,161

4.24

17,660

0.4

Experian PLC [EXPN]

United Kingdom

445

38.85

17,278

0.4

Seven & I Holdings Co. Ltd. [3382]

Japan

357

47.89

17,079

0.4

Svenska Handelsbanken AB Class A [SHB.A]

Sweden

1,837

9.32

17,128

0.4

DBS Group Holdings Ltd [D05]

Singapore

635

26.48

16,799

0.4

Obayashi Corporation [1802]

Japan

2,216

7.42

16,434

0.4

Fluidra S.A. [FDR]

Spain

556

29.26

16,265

0.4

Sega Sammy Holdings Inc. [6460]

Japan

925

17.41

16,101

0.4

St. James's Place Plc [STJ]

United Kingdom

843

19.07

16,080

0.4

Air Water Inc. [4088]

Japan

1,105

14.17

15,655

0.4

Bayerische Motoren Werke AG [BMW]

Germany

180

87.45

15,740

0.4

Oji Holdings Corp. [3861]

Japan

3,117

5.00

15,588

0.4

DCC Plc [DCC]

United Kingdom

199

78.02

15,554

0.4

Taiheiyo Cement Corporation [5233]

Japan

913

16.63

15,194

0.4

Volkswagen AG Pref [VOW3]

Germany

89

174.69

15,552

0.4

Admiral Group plc [ADM]

United Kingdom

439

33.75

14,819

0.4

ITV PLC [ITV]

United Kingdom

13,920

1.08

15,014

0.4

Koninklijke Philips N.V. [PHIA]

Netherlands

490

30.85

15,128

0.4

Royal KPN NV [KPN]

Netherlands

4,333

3.50

15,153

0.4

TUI AG [TUI1]

United Kingdom

4,664

3.19

14,866

0.4

Wienerberger AG [WIE]

Austria

492

30.49

14,993

0.4

Airbus SE [AIR]

France

119

122.79

14,604

0.4

Alten SA [ATE]

France

93

152.99

14,279

0.3

DS Smith Plc [SMDS]

United Kingdom

3,332

4.24

14,130

0.3

Renesas Electronics Corporation [6723]

Japan

1,210

11.80

14,279

0.3

Anheuser-Busch InBev SA/NV [ABI]

Belgium

225

60.37

13,566

0.3

Inchcape plc [INCH]

United Kingdom

1,563

8.82

13,789

0.3

Serco Group plc [SRP]

United Kingdom

7,321

1.90

13,890

0.3

Mitsubishi Electric Corp. [6503]

Japan

1,161

11.62

13,490

0.3

WH Smith PLC [SMWH]

United Kingdom

704

18.91

13,311

0.3

Auto Trader Group PLC [AUTO]

United Kingdom

1,532

8.33

12,766

0.3

DNB Bank ASA [DNB]

Norway

560

22.88

12,821

0.3

LIXIL Corporation [5938]

Japan

677

18.87

12,781

0.3

Samsung Electronics Co. Ltd. [005930]

South Korea

221

57.42

12,670

0.3

Tokio Marine Holdings Inc. [8766]

Japan

217

58.73

12,744

0.3

Carlsberg AS Class B [CARL.B]

Denmark

101

124.15

12,550

0.3

Fuji Media Holdings Inc. [4676]

Japan

1,268

9.66

12,251

0.3

Getinge AB Class B [GETI.B]

Sweden

308

40.45

12,444

0.3

Itochu Corporation [8001]

Japan

363

34.14

12,377

0.3

JCDecaux SA [DEC]

France

527

23.83

12,560

0.3

TDK Corporation [6762]

Japan

336

36.75

12,350

0.3

Teleperformance SA [TEP]

France

32

385.31

12,293

0.3

Tesco PLC [TSCO]

United Kingdom

3,298

3.63

11,986

0.3

Toyo Suisan Kaisha Ltd. [2875]

Japan

332

36.00

11,943

0.3

Macquarie Group Limited [MQG]

Australia

75

152.65

11,463

0.3

Mitsubishi Heavy Industries Ltd. [7011]

Japan

346

33.12

11,446

0.3

Rolls-Royce Holdings plc [RR]

United Kingdom

8,868

1.33

11,804

0.3

Taiwan Semiconductor Manufacturing Co. Ltd. [2330]

Taiwan

558

20.84

11,627

0.3

Swedish Match AB [SWMA]

Sweden

1,495

7.61

11,371

0.3

Toyo Seikan Group Holdings Ltd. [5901]

Japan

980

11.58

11,350

0.3

CTS Eventim AG & Co. KGaA [EVD]

Germany

159

69.01

10,956

0.3

Getlink SE [GET]

France

600

18.19

10,916

0.3

Koninklijke Boskalis Westminster N.V. [BOKA]

Netherlands

299

36.18

10,834

0.3

Rohm Co. Ltd. [6963]

Japan

138

79.01

10,888

0.3

Viscofan S.A. [VIS]

Spain

181

59.86

10,828

0.3

easyJet plc [EZJ]

United Kingdom

1,410

7.33

10,334

0.3

INFRONEER Holdings Inc. [5076]

Japan

1,187

8.58

10,193

0.3

Nissan Chemical Corporation [4021]

Japan

172

59.57

10,228

0.3

Nordic Entertainment Group AB Class B [NENT.B]

Sweden

255

41.12

10,497

0.3

SCSK Corporation [9719]

Japan

592

17.31

10,244

0.3

IG Group Holdings plc [IGG]

United Kingdom

906

10.78

9,768

0.2

Logitech International S.A. [LOGN]

Switzerland

133

75.20

9,968

0.2

Medipal Holdings Corporation [7459]

Japan

606

16.60

10,060

0.2

Santos Limited [STO]

Australia

1,719

5.81

9,992

0.2

Sompo HoldingsInc. [8630]

Japan

228

44.33

10,117

0.2

Davide Campari-Milano N.V. [CPR]

Italy

804

11.74

9,438

0.2

Deutsche Telekom AG [DTE]

Germany

516

18.84

9,721

0.2

NH Foods Limited [2282]

Japan

285

34.19

9,741

0.2

Thales SA [HO]

France

77

126.79

9,727

0.2

Tsumura & Co. [4540]

Japan

368

26.36

9,705

0.2

Coca-Cola Europacific Partners plc [CCEP]

Netherlands

190

48.61

9,216

0.2

Daiwa House Industry Co. Ltd. [1925]

Japan

346

26.37

9,128

0.2

Nippon Television Holdings Inc. [9404]

Japan

871

10.50

9,146

0.2

Nisshinbo Holdings Inc. [3105]

Japan

1,023

8.76

8,955

0.2

Stabilus SE [STM]

Germany

180

50.09

8,997

0.2

Acerinox SA [ACX]

Spain

777

11.10

8,626

0.2

Net One Systems Co. Ltd. [7518]

Japan

362

23.57

8,538

0.2

Penta-Ocean Construction Co. Ltd. [1893]

Japan

1,738

5.05

8,775

0.2

QBE Insurance Group Limited [QBE]

Australia

1,002

8.64

8,654

0.2

Standard Chartered PLC [STAN]

United Kingdom

1,281

6.72

8,607

0.2

East Japan Railway Company [9020]

Japan

143

58.58

8,400

0.2

Jardine Matheson Holdings Limited [J36]

Hong Kong

148

55.00

8,162

0.2

Saipem S.p.A. [SPM]

Italy

6,386

1.28

8,143

0.2

Toyota Industries Corp. [6201]

Japan

118

69.78

8,248

0.2

United Overseas Bank Ltd. (Singapore) [U11]

Singapore

351

23.66

8,312

0.2

Marui Group Co. Ltd. [8252]

Japan

422

18.54

7,823

0.2

Mitsubishi Logistics Corporation [9301]

Japan

313

25.05

7,832

0.2

PT Bank Central Asia Tbk [BBCA]

Indonesia

14,495

0.56

8,049

0.2

Sumitomo Mitsui Financial Group Inc. [8316]

Japan

244

32.19

7,845

0.2

Taylor Wimpey plc [TW]

United Kingdom

4,627

1.72

7,962

0.2

Cleanaway Waste Management Ltd. [CWY]

Australia

3,308

2.31

7,652

0.2

HDFC Bank Limited Sponsored ADR [HDB]

India

120

61.33

7,359

0.2

TBS HOLDINGS INC. [9401]

Japan

510

14.72

7,501

0.2

Tokyo Ohka Kogyo Co. Ltd. [4186]

Japan

126

60.64

7,640

0.2

Amplifon S.p.A. [AMP]

Italy

160

45.11

7,218

0.2

Daifuku Co. Ltd. [6383]

Japan

97

72.42

6,989

0.2

JAFCO Group Co. Ltd. [8595]

Japan

449

15.45

6,935

0.2

Jupiter Fund Management plc [JUP]

United Kingdom

2,544

2.72

6,921

0.2

NS Solutions Corp [2327]

Japan

231

30.32

7,001

0.2

Pets At Home Group Plc [PETS]

United Kingdom

1,460

4.76

6,947

0.2

Sumitomo Metal Mining Co. Ltd. [5713]

Japan

140

50.78

7,114

0.2

Hakuhodo Dy Holdings Incorporated [2433]

Japan

510

12.73

6,492

0.2

INPEX CORPORATION [1605]

Japan

572

11.86

6,783

0.2

KDDI Corporation [9433]

Japan

202

33.00

6,679

0.2

Newcrest Mining Limited [NCM]

Australia

339

20.08

6,800

0.2

SK hynix Inc. [000660]

South Korea

70

97.36

6,841

0.2

Southern Copper Corporation [SCCO]

Peru

87

75.90

6,631

0.2

Tata Consultancy Services Limited [532540]

India

134

49.36

6,599

0.2

Techtronic Industries Co. Ltd. [669]

Hong Kong

404

16.20

6,546

0.2

Yum China Holdings Inc. [YUMC]

China

155

41.54

6,457

0.2

Fukuoka Financial Group Inc. [8354]

Japan

323

19.56

6,325

0.2

Galaxy Entertainment Group Limited [27]

Hong Kong

1,006

6.00

6,037

0.2

Hannover Rueck SE [HNR1]

Germany

35

171.74

6,063

0.2

Housing Development Finance Corporation Limited [500010]

India

193

31.55

6,101

0.2

Kyocera Corporation [6971]

Japan

108

56.70

6,124

0.2

MEGMILK SNOW BRAND Co. Ltd. [2270]

Japan

381

16.31

6,220

0.2

Nintendo Co. Ltd. [7974]

Japan

12

508.09

6,250

0.2

Prudential plc [PRU]

United Kingdom

410

14.93

6,124

0.2

Reply S.p.A. [REY]

Italy

38

166.90

6,389

0.2

Sumitomo Bakelite Co. Ltd. [4203]

Japan

147

41.11

6,027

0.2

Baidu Inc Sponsored ADR Class A [BIDU]

China

43

132.30

5,749

0.1

Bridgestone Corporation [5108]

Japan

152

39.20

5,959

0.1

China Mengniu Dairy Co. Ltd. [2319]

China

1,094

5.39

5,895

0.1

Dowa Holdings Co. Ltd. [5714]

Japan

127

46.22

5,875

0.1

Hiscox Ltd [HSX]

United Kingdom

462

12.95

5,979

0.1

Informa Plc [INF]

United Kingdom

731

7.92

5,789

0.1

PERSOL HOLDINGS CO. LTD. [2181]

Japan

261

22.77

5,946

0.1

Provident Financial PLC [PFG]

United Kingdom

1,491

4.04

6,018

0.1

Wartsila Oyj Abp [WRT1V]

Finland

610

9.24

5,636

0.1

Advantech Co. Ltd. [2395]

Taiwan

414

12.90

5,339

0.1

Asics Corporation [7936]

Japan

266

19.56

5,201

0.1

Gestamp Automocion S.A. [GEST]

Spain

1,557

3.55

5,523

0.1

Infosys Limited Sponsored ADR [INFY]

India

218

24.89

5,414

0.1

InterContinental Hotels Group PLC [IHG]

United Kingdom

76

68.33

5,218

0.1

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

Ireland

1,250

4.31

5,391

0.1

Osterreichische Post AG [POST]

Austria

153

35.83

5,487

0.1

Pernod Ricard SA [RI]

France

24

221.75

5,422

0.1

Sekisui Chemical Co. Ltd. [4204]

Japan

366

14.49

5,300

0.1

Yakult Honsha Co. Ltd. [2267]

Japan

103

53.72

5,511

0.1

Evolution Mining Limited [EVN]

Australia

1,475

3.30

4,874

0.1

Fletcher Building Limited [FBU]

New Zealand

1,110

4.44

4,924

0.1

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

Netherlands

151

34.22

5,164

0.1

MatsukiyoCocokara & Co. [3088]

Japan

139

35.72

4,975

0.1

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

Sweden

348

14.78

5,146

0.1

Naspers Limited Class N [NPN]

South Africa

45

113.88

5,148

0.1

OMRON Corporation [6645]

Japan

73

67.67

4,920

0.1

PageGroup PLC [PAGE]

United Kingdom

770

6.48

4,993

0.1

ANDRITZ AG [ANDR]

Austria

94

46.71

4,383

0.1

Befesa SA [BFSA]

Germany

59

79.44

4,668

0.1

Bluescope Steel Limited [BSL]

Australia

302

15.66

4,735

0.1

Carnival plc [CCL]

United Kingdom

262

17.86

4,685

0.1

Chailease Holding Co. Ltd. [5871]

Taiwan

517

8.85

4,573

0.1

CSL Limited [CSL]

Australia

23

201.37

4,598

0.1

Delta Electronics Inc. [2308]

Taiwan

468

9.37

4,386

0.1

Hana Financial Group Inc. [086790]

South Korea

110

40.10

4,416

0.1

Midea Group Co. Ltd. Class A

China

492

8.99

4,420

0.1

Qantas Airways Limited [QAN]

Australia

1,196

3.91

4,679

0.1

Thai Beverage Public Co. Ltd. [Y92]

Singapore

8,695

0.53

4,594

0.1

BANDAI NAMCO Holdings Inc. [7832]

Japan

56

76.56

4,249

0.1

Bid Corporation Limited [BID]

South Africa

191

21.76

4,164

0.1

Capitec Bank Holdings Limited [CPI]

South Africa

27

160.24

4,330

0.1

Carsales.Com Limited [CAR]

Australia

269

15.71

4,227

0.1

CK Hutchison Holdings Ltd [1]

Hong Kong

571

7.35

4,192

0.1

Compagnie Financiere Richemont SA Depositary Receipt Representing 1/10 of Cie Financiere Richemont [CFR]

Switzerland

315

12.94

4,073

0.1

CRH Plc [CRG]

Ireland

100

40.44

4,051

0.1

Daiwa Securities Group Inc. [8601]

Japan

705

5.71

4,021

0.1

First Quantum Minerals Ltd. [FM]

Canada

117

34.65

4,060

0.1

Helvetia Holding Ltd [HELN]

Switzerland

31

131.16

4,105

0.1

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

Australia

132

30.49

4,023

0.1

Li Ning Company Limited [2331]

China

487

8.63

4,204

0.1

National Express Group PLC [NEX]

United Kingdom

1,372

3.07

4,210

0.1

NSK Ltd. [6471]

Japan

651

6.06

3,946

0.1

Randstad NV [RAND]

Netherlands

67

60.80

4,071

0.1

SENKO Group Holdings Co.Ltd. [9069]

Japan

540

7.40

3,998

0.1

Singapore Telecommunications Limited [Z74]

Singapore

2,070

1.95

4,039

0.1

Swire Pacific Limited Class A [19]

Hong Kong

693

6.12

4,239

0.1

TechnoPro Holdings Inc. [6028]

Japan

145

27.44

3,970

0.1

Telstra Corporation Limited [TLS]

Australia

1,455

2.97

4,327

0.1

Tingyi (Cayman Islands) Holding Corp. [322]

China

2,474

1.69

4,170

0.1

Weichai Power Co. Ltd. Class H [2338]

China

2,739

1.58

4,330

0.1

Zhongsheng Group Holdings Ltd. [881]

China

616

7.07

4,354

0.1

ALS Ltd. [ALQ]

Australia

357

10.06

3,595

0.1

Aristocrat Leisure Limited [ALL]

Australia

142

27.56

3,904

0.1

Axis Bank Limited [532215]

India

391

10.04

3,923

0.1

Barratt Developments PLC [BDEV]

United Kingdom

546

6.88

3,754

0.1

Beach Energy Limited [BPT]

Australia

3,101

1.17

3,622

0.1

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

United Kingdom

89

42.06

3,725

0.1

Capita plc [CPI]

United Kingdom

13,969

0.28

3,849

0.1

Clicks Group Limited [CLS]

South Africa

172

21.15

3,635

0.1

Close Brothers Group plc [CBG]

United Kingdom

234

15.68

3,664

0.1

Devro plc [DVO]

United Kingdom

1,285

2.75

3,535

0.1

Future plc [FUTR]

United Kingdom

109

34.26

3,746

0.1

GEA Group Aktiengesellschaft [G1A]

Germany

91

41.51

3,784

0.1

Great Eastern Holdings Limited [G07]

Singapore

244

15.77

3,854

0.1

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

Mexico

237

16.18

3,837

0.1

Intesa Sanpaolo S.p.A. [ISP]

Italy

1,646

2.32

3,816

0.1

John Wood Group PLC [WG]

United Kingdom

1,753

2.13

3,733

0.1

NOMURA Co. Ltd. [9716]

Japan

480

7.56

3,627

0.1

Schibsted Asa Class A [SCHA]

Norway

154

24.94

3,850

0.1

Shenzhou International Group Holdings Limited [2313]

China

285

13.38

3,819

0.1

Shinhan Financial Group Co. Ltd. [055550]

South Korea

107

34.24

3,677

0.1

Sumitomo Electric Industries Ltd. [5802]

Japan

294

12.05

3,543

0.1

Takeda Pharmaceutical Co. Ltd. [4502]

Japan

126

28.82

3,617

0.1

UBS Group AG [UBSG]

Switzerland

196

19.72

3,869

0.1

African Rainbow Minerals Limited [ARI]

South Africa

179

19.58

3,496

0.1

Brambles Limited [BXB]

Australia

461

7.44

3,431

0.1

Euromoney Institutional Investor PLC [ERM]

United Kingdom

259

13.01

3,367

0.1

Ferrovial S.A. [FER]

Spain

131

26.85

3,529

0.1

Gerresheimer AG [GXI]

Germany

46

73.77

3,358

0.1

L'Occitane International S.A. [973]

Hong Kong

1,067

3.25

3,466

0.1

MediaTek Inc [2454]

Taiwan

110

31.59

3,475

0.1

Metcash Limited [MTS]

Australia

986

3.41

3,363

0.1

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

China

456

7.11

3,240

0.1

Rathbones Group PLC [RAT]

United Kingdom

124

26.07

3,242

0.1

Rotork plc [ROR]

United Kingdom

813

4.30

3,493

0.1

Smith & Nephew PLC [SN]

United Kingdom

216

16.06

3,469

0.1

Anglo American Platinum Limited [AMS]

South Africa

23

137.32

3,097

0.1

Grupo Financiero Banorte SAB de CV Class O [GFNORTEO]

Mexico

363

7.50

2,718

0.1

HSBC Holdings Plc [5]

Hong Kong

442

6.92

3,059

0.1

International Personal Finance plc [IPF]

United Kingdom

2,054

1.36

2,791

0.1

Iveco Group NV [IVG]

Italy

435

6.62

2,877

0.1

Marico Limited [531642]

India

415

6.65

2,758

0.1

Orica Limited [ORI]

Australia

260

11.98

3,109

0.1

Pepkor Holdings Ltd. [PPH]

South Africa

1,802

1.59

2,861

0.1

Porto Seguro S.A. [PSSA3]

Brazil

699

4.44

3,105

0.1

SAWAI GROUP HOLDINGS Co. Ltd. [4887]

Japan

75

36.75

2,760

0.1

Severstal PAO Sponsored GDR RegS [SVJTY]

Russia

217

13.36

2,901

0.1

AEON Delight Co. Ltd. [9787]

Japan

98

25.09

2,459

0.1

Alfresa Holdings Corporation [2784]

Japan

176

14.00

2,466

0.1

BOC Aviation Limited [2588]

China

321

7.91

2,539

0.1

Challenger Limited [CGF]

Australia

482

5.07

2,445

0.1

Dabur India Limited [500096]

India

361

7.08

2,558

0.1

Danske Bank A/S [DANSKE]

Denmark

136

16.84

2,289

0.1

Elis SA [ELIS]

France

157

14.91

2,339

0.1

Havells India Limited [517354]

India

166

15.21

2,529

0.1

Playtech plc [PTEC]

United Kingdom

308

7.79

2,404

0.1

Quadient SA [QDT]

France

123

18.96

2,341

0.1

Samsonite International S.A. [1910]

Hong Kong

1,068

2.26

2,417

0.1

Vipshop Holdings Ltd Sponsored ADR [VIPS]

China

261

9.00

2,351

0.1

AMP Limited [AMP]

Australia

3,025

0.72

2,192

0.1

ASM Pacific Technology Limited [522]

Hong Kong

200

10.15

2,030

0.1

B3 SA - Brasil Bolsa Balcao [B3SA3]

Brazil

650

3.31

2,149

0.1

Giant Manufacturing Co. Ltd. [9921]

Taiwan

248

9.09

2,255

0.1

IPH Ltd. [IPH]

Australia

362

5.99

2,167

0.1

Kasikornbank Public Co. Ltd.(Alien Mkt) [KBANK.F]

Thailand

425

4.87

2,072

0.1

RWS Holdings plc [RWS]

United Kingdom

463

4.87

2,255

0.1

Sany Heavy Industry Co., Ltd. Class A

China

718

2.76

1,983

0.1

Vicat-Ciments Vicat SA [VCT]

France

55

34.21

1,877

0.1

Hyundai Motor Company [005380]

South Korea

10

148.92

1,476

0.0

Imerys SA [NK]

France

36

43.39

1,542

0.0

LG Corp [003550]

South Korea

27

63.03

1,723

0.0

OZ Minerals Limited [OZL]

Australia

86

20.03

1,717

0.0

Sime Darby Bhd. [4197]

Malaysia

3,039

0.57

1,735

0.0

Esprit Holdings Limited [330]

Hong Kong

10,267

0.11

1,167

0.0

Fuji Oil Holdings Inc. [2607]

Japan

82

16.31

1,334

0.0

GWA Group Limited [GWA]

Australia

765

1.87

1,430

0.0

HANKOOK TIRE & TECHNOLOGY Co. Ltd. [161390]

South Korea

42

27.76

1,164

0.0

Schibsted ASA Class B [SCHB]

Norway

66

21.55

1,429

0.0

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

Singapore

9

119.79

1,121

0.0

Stella International Holdings Limited [1836]

Hong Kong

1,072

0.97

1,042

0.0

Technip Energies NV [TE]

France

111

12.29

1,366

0.0

Toho Co. Ltd. [9602]

Japan

36

38.19

1,371

0.0

Trip.com Group Ltd. Sponsored ADR [TCOM]

China

59

23.12

1,367

0.0

AmorePacific Group Inc. [002790]

South Korea

24

36.22

878

0.0

Domain Holdings Australia Ltd. [DHG]

Australia

211

3.01

635

0.0

First Pacific Co. Ltd. [142]

Hong Kong

2,434

0.40

985

0.0

Johnson Electric Holdings Limited [179]

Hong Kong

640

1.38

886

0.0

Miura Co. Ltd. [6005]

Japan

38

25.01

943

0.0

Petrofac Limited [PFC]

United Kingdom

700

1.37

961

0.0

Prudential plc [2378]

United Kingdom

64

14.70

944

0.0

Ajisen (China) Holdings Limited [538]

China

2,911

0.15

424

0.0

AMOREPACIFIC Group Cum Pfd Registered [00279K]

South Korea

10

28.67

288

0.0

Cazoo Group Ltd Class A [CZOO]

United States

171

2.76

472

0.0

SKSHU Paint Co., Ltd. Class A

China

36

13.96

503

0.0

CIE FINANCIERE RICHEMONT SA Warrant 2020-12.09.23 (Exp.20.09.23) on CFR DO 1/10 Ut CFR [CFRO]

Switzerland

805

0.08

61

0.0

Non-Standard Finance Plc [NSF]

United Kingdom

2,291

0.04

83

0.0

Onward Holdings Co. Ltd. [8016]

Japan

93

2.11

196

0.0

X 5 RETAIL GROUP NV REGS GDR DEPOSITORY RECEIPT

Russia

95

0.53

50

0.0

Total

--

--

--

4,075,743

100.3

Cash and Other Assets Less Liabilities

--

--

--

--

-0.3

Total Net Assets

--

--

--

--

100%

as of 3/31/2022

Economic Sector

International Fund %

MSCI EAFE (ND) Index %

Energy

15.3

17.0

Materials

3.8

3.3

Utilities

-0.5

-4.1

Real Estate

-2.7

-2.7

Financials

-3.1

-1.1

Health Care

-5.9

-3.7

Communication Services

-7.7

-1.7

Industrials

-9.2

-10.7

Information Technology

-10.0

-16.1

Consumer Staples

-11.7

-7.7

Consumer Discretionary

-12.0

-13.6

as of 3/31/2022

Economic Sector

International Fund %

MSCI EAFE (ND) Index %

Industrials

22.8

15.4

Financials

18.5

17.7

Consumer Discretionary

11.1

11.5

Health Care

9.9

13.0

Consumer Staples

9.0

10.2

Materials

8.8

8.2

Communication Services

7.0

4.9

Information Technology

6.2

8.6

Energy

4.2

4.1

Utilities

0.5

3.4

Real Estate

0.3

2.9

as of 3/31/2022

Country

International Fund %

MSCI EAFE (ND) Index %

United Kingdom

24.7

15.3

Japan

22.2

22.3

France

8.1

11.4

Switzerland

6.0

10.4

Denmark

5.9

2.7

Germany

4.8

8.2

Australia

3.6

8.2

Netherlands

3.1

4.4

Sweden

2.7

3.5

Italy

2.3

2.4

Other

16.6

11.2

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

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International Fund Quarterly Report

04/28/2022
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International Fund Portfolio Holdings

05/02/2022
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Regulatory

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International Fund Summary Prospectus

03/02/2022
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Harbor Mutual Fund Prospectus

05/02/2022
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International & Global Annual Report

12/23/2021
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International & Global Semi-Annual Report

12/08/2021
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Statement of Additional Information

05/02/2022
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International & Global Fiscal Q3 Schedule of Holdings

12/08/2021
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International & Global Fiscal Q1 Schedule of Holdings

03/31/2022

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.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx ©2022 Morningstar. 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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