NAV Price | $42.57 |
NAV Daily Change ($) | $0.24 |
NAV Daily Change (%) | 0.57% |
NAV YTD Return | 8.16% |
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. |
Inception Date | 12/29/1987 |
Net Expense Ratio | 0.77% |
Gross Expense Ratio | 0.88% |
Total Net Assets (million) as of 1/31/2023 | $2,633.145 |
Ticker | HAINX |
Fund Number | 2011 |
Share Class | Institutional |
BP p.l.c. [BP] | 2.5% |
Novo Nordisk A/S Class B [NOVO.B] | 2.5% |
Roche Holding Ltd Dividend Right Cert. [ROG] | 1.7% |
Equinor ASA [EQNR] | 1.4% |
Glencore plc [GLEN] | 1.3% |
Vestas Wind Systems A/S [VWS] | 1.3% |
Nippon Telegraph and Telephone Corporation [9432] | 1.2% |
BNP Paribas S.A. Class A [BNP] | 1.1% |
Barclays PLC [BARC] | 1.1% |
Compass Group PLC [CPG] | 1.1% |
% of Total Holdings: | 15.2% |
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. |
“Too much competition, not too little growth, is what turns investments sour.”
Neil Ostrer. Founder and European Equity Portfolio Manager
Marathon Asset Management LLP
12/16/2022
12/19/2022
12/19/2022
0.00000
1.30783
0.00000
--
0.00000
--
1.30783
0.00000
38.68
12/17/2021
12/20/2021
12/20/2021
0.00000
1.01357
0.00000
--
0.00000
--
1.01357
0.07776
45.46
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
BP p.l.c. [BP]
United Kingdom
14,378
5.71
82,135
2.5
Novo Nordisk A/S Class B [NOVO.B]
Denmark
607
134.62
81,682
2.5
Roche Holding Ltd Dividend Right Cert. [ROG]
Switzerland
179
313.99
56,071
1.7
Equinor ASA [EQNR]
Norway
1,327
35.71
47,395
1.4
Glencore plc [GLEN]
United Kingdom
6,623
6.64
44,012
1.3
Vestas Wind Systems A/S [VWS]
Denmark
1,479
29.00
42,900
1.3
Nippon Telegraph and Telephone Corporation [9432]
Japan
1,362
28.51
38,830
1.2
BNP Paribas S.A. Class A [BNP]
France
633
56.83
35,947
1.1
Barclays PLC [BARC]
United Kingdom
18,591
1.91
35,449
1.1
Compass Group PLC [CPG]
United Kingdom
1,512
23.07
34,882
1.1
Resona Holdings Inc. [8308]
Japan
6,281
5.48
34,426
1.0
Flutter Entertainment Plc [FLTR]
Ireland
239
136.39
32,541
1.0
Bank of Ireland Group Plc [BIRG]
Ireland
3,406
9.50
32,352
1.0
Lloyds Banking Group plc [LLOY]
United Kingdom
58,102
0.55
31,738
1.0
EssilorLuxottica SA [EL]
France
169
180.58
30,598
0.9
CNH Industrial NV [CNHI]
Italy
1,894
15.97
30,253
0.9
HitachiLtd. [6501]
Japan
595
50.71
30,168
0.9
Kirin Holdings Company Limited [2503]
Japan
1,961
15.24
29,880
0.9
Sampo Oyj Class A [SAMPO]
Finland
574
52.10
29,930
0.9
Compagnie Financiere Richemont SA [CFR]
Switzerland
224
129.59
29,056
0.9
Dai-ichi Life HoldingsInc. [8750]
Japan
1,247
22.69
28,296
0.9
AXA SA [CS]
France
1,001
27.81
27,839
0.8
3i Group plc [III]
United Kingdom
1,665
16.14
26,865
0.8
AIA Group Limited [1299]
Hong Kong
2,434
11.12
27,071
0.8
Coloplast A/S Class B [COLO.B]
Denmark
232
116.54
27,014
0.8
Rio Tinto plc [RIO]
United Kingdom
385
69.74
26,882
0.8
UniCredit S.p.A. [UCG]
Italy
1,866
14.16
26,424
0.8
Unilever PLC [ULVR]
United Kingdom
525
50.31
26,427
0.8
HomeServe plc [HSV]
United Kingdom
1,757
14.40
25,300
0.8
ASSA ABLOY AB Class B [ASSA.B]
Sweden
1,145
21.47
24,584
0.8
Diageo plc [DGE]
United Kingdom
566
43.91
24,859
0.8
Intertek Group plc [ITRK]
United Kingdom
513
48.52
24,885
0.8
Rightmove plc [RMV]
United Kingdom
3,988
6.15
24,534
0.7
Legrand SA [LR]
France
303
79.85
24,202
0.7
RELX PLC [REL]
United Kingdom
867
27.52
23,857
0.7
Tokio Marine Holdings Inc. [8766]
Japan
1,077
21.43
23,086
0.7
CaixaBank SA [CABK]
Spain
5,764
3.92
22,589
0.7
Entain PLC [ENT]
United Kingdom
1,435
15.90
22,810
0.7
ArcelorMittal SA [MT]
France
838
26.23
21,974
0.7
Sumitomo Mitsui Trust Holdings Inc. [8309]
Japan
626
34.77
21,750
0.7
Heineken NV [HEIA]
Netherlands
229
93.79
21,475
0.7
Reckitt Benckiser Group plc [RKT]
United Kingdom
311
69.21
21,504
0.7
Geberit AG [GEBN]
Switzerland
44
470.71
20,610
0.6
Bunzl plc [BNZL]
United Kingdom
618
33.19
20,507
0.6
Daiwa House Industry Co. Ltd. [1925]
Japan
884
23.03
20,356
0.6
Experian PLC [EXPN]
United Kingdom
608
33.84
20,569
0.6
Edenred SA [EDEN]
France
371
54.30
20,169
0.6
Schneider Electric SE [SU]
France
145
139.51
20,233
0.6
BHP Group Ltd [BHP]
Australia
606
30.94
18,759
0.6
BAE Systems plc [BA]
United Kingdom
1,781
10.30
18,342
0.6
Holcim Ltd [HOLN]
Switzerland
353
51.75
18,289
0.5
ABB Ltd. [ABBN]
Switzerland
588
30.33
17,844
0.5
Brenntag Societas Europaea [BNR]
Germany
272
63.74
17,352
0.5
Bridgestone Corporation [5108]
Japan
492
35.55
17,474
0.5
NEC Corp. [6701]
Japan
486
35.13
17,065
0.5
SSP Group Plc [SSPG]
United Kingdom
6,276
2.75
17,288
0.5
ConvaTec Group Plc [CTEC]
United Kingdom
6,020
2.80
16,844
0.5
Svenska Handelsbanken AB Class A [SHB.A]
Sweden
1,598
10.09
16,122
0.5
ASML Holding NV [ASML]
Netherlands
29
537.68
15,757
0.5
Bayerische Motoren Werke AG [BMW]
Germany
176
88.99
15,691
0.5
Koninklijke Ahold Delhaize N.V. [AD]
Netherlands
557
28.64
15,948
0.5
BASF SE [BAS]
Germany
312
49.51
15,466
0.5
Eurofins Scientific SE [ERF]
France
217
71.57
15,553
0.5
Obayashi Corporation [1802]
Japan
1,938
7.56
14,660
0.4
Sandvik AB [SAND]
Sweden
789
18.08
14,259
0.4
Hays plc [HAS]
United Kingdom
9,694
1.39
13,492
0.4
Inchcape plc [INCH]
United Kingdom
1,357
9.86
13,387
0.4
CSL Limited [CSL]
Australia
66
195.14
12,850
0.4
Mitsubishi Heavy Industries Ltd. [7011]
Japan
327
39.67
12,956
0.4
adidas AG [ADS]
Germany
93
136.03
12,595
0.4
Fresenius Medical Care AG & Co. KGaA [FME]
Germany
380
32.63
12,400
0.4
Orsted [ORSTED]
Denmark
138
90.60
12,533
0.4
Airbus SE [AIR]
France
104
118.49
12,279
0.4
Demant A/S [DEMANT]
Denmark
446
27.63
12,321
0.4
Taiheiyo Cement Corporation [5233]
Japan
778
15.59
12,135
0.4
Anheuser-Busch InBev SA/NV [ABI]
Belgium
196
60.05
11,784
0.4
Serco Group plc [SRP]
United Kingdom
6,413
1.87
11,989
0.4
WPP Plc [WPP]
United Kingdom
1,218
9.87
12,017
0.4
Adecco Group AG [ADEN]
Switzerland
352
32.92
11,581
0.4
Air Water Inc. [4088]
Japan
1,001
11.63
11,648
0.4
Carlsberg AS Class B [CARL.B]
Denmark
88
132.49
11,688
0.4
DBS Group Holdings Ltd [D05]
Singapore
452
25.29
11,440
0.4
Mitsubishi Electric Corp. [6503]
Japan
1,173
9.95
11,677
0.4
Nomura Holdings Inc. [8604]
Japan
3,082
3.70
11,414
0.4
Royal KPN NV [KPN]
Netherlands
3,735
3.08
11,521
0.4
DS Smith Plc [SMDS]
United Kingdom
2,910
3.87
11,253
0.3
Inpex Corporation [1605]
Japan
1,067
10.58
11,284
0.3
WH Smith PLC [SMWH]
United Kingdom
620
17.86
11,063
0.3
Itochu Corporation [8001]
Japan
349
31.42
10,963
0.3
ITV PLC [ITV]
United Kingdom
12,115
0.90
10,953
0.3
HelloFresh SE [HFG]
Germany
489
21.91
10,710
0.3
Oji Holdings Corp. [3861]
Japan
2,645
4.02
10,644
0.3
Stabilus SE [STM]
Germany
157
67.13
10,561
0.3
Toyo Suisan Kaisha Ltd. [2875]
Japan
276
38.65
10,664
0.3
Alten SA [ATE]
France
82
124.65
10,207
0.3
Rolls-Royce Holdings plc [RR]
United Kingdom
9,073
1.12
10,172
0.3
Sega Sammy Holdings Inc. [6460]
Japan
681
15.14
10,309
0.3
Sonova Holding AG [SOON]
Switzerland
43
237.03
10,085
0.3
Sumitomo Metal Mining Co. Ltd. [5713]
Japan
292
35.40
10,351
0.3
Toyo Seikan Group Holdings Ltd. [5901]
Japan
830
12.29
10,198
0.3
Viscofan S.A. [VIS]
Spain
157
64.25
10,112
0.3
Wienerberger AG [WIE]
Austria
430
24.08
10,363
0.3
Renesas Electronics Corporation [6723]
Japan
1,091
8.97
9,789
0.3
TDK Corporation [6762]
Japan
299
32.85
9,817
0.3
Admiral Group plc [ADM]
United Kingdom
373
25.71
9,595
0.3
DNB Bank ASA [DNB]
Norway
490
19.74
9,668
0.3
Fluidra S.A. [FDR]
Spain
624
15.50
9,666
0.3
Seven & I Holdings Co. Ltd. [3382]
Japan
220
42.90
9,433
0.3
St. James's Place Plc [STJ]
United Kingdom
733
13.17
9,661
0.3
Volkswagen AG Pref [VOW3]
Germany
78
124.25
9,665
0.3
Coca-Cola Europacific Partners plc [CCEP]
Netherlands
165
55.32
9,117
0.3
QBE Insurance Group Limited [QBE]
Australia
1,012
9.11
9,216
0.3
Sony Group Corporation [6758]
Japan
122
76.05
9,271
0.3
Teleperformance SA [TEP]
France
39
237.68
9,185
0.3
CTS Eventim AG & Co. KGaA [EVD]
Germany
140
63.61
8,889
0.3
Deutsche Telekom AG [DTE]
Germany
449
19.89
8,937
0.3
Asahi Group HoldingsLtd. [2502]
Japan
278
31.22
8,669
0.3
Australia & New Zealand Banking Group Ltd TEMP [ANZDA]
Australia
543
16.05
8,713
0.3
DCC Plc [DCC]
United Kingdom
174
49.08
8,528
0.3
Fuji Media Holdings Inc. [4676]
Japan
1,054
8.14
8,582
0.3
JAPAN POST HOLDINGS Co. Ltd. [6178]
Japan
1,016
8.41
8,541
0.3
JCDecaux SE [DEC]
France
459
18.91
8,673
0.3
Standard Chartered PLC [STAN]
United Kingdom
1,150
7.49
8,613
0.3
Thales SA [HO]
France
67
127.32
8,569
0.3
Auto Trader Group PLC [AUTO]
United Kingdom
1,323
6.20
8,207
0.3
Getlink SE [GET]
France
522
15.98
8,350
0.3
Logitech International S.A. [LOGN]
Switzerland
134
61.67
8,281
0.3
Net One Systems Co. Ltd. [7518]
Japan
322
26.00
8,365
0.3
Santos Limited [STO]
Australia
1,688
4.84
8,174
0.3
Sumitomo Mitsui Financial Group Inc. [8316]
Japan
206
40.14
8,284
0.3
INFRONEER Holdings Inc. [5076]
Japan
1,024
7.59
7,772
0.2
SCSK Corporation [9719]
Japan
527
15.17
7,994
0.2
Tesco PLC [TSCO]
United Kingdom
2,892
2.70
7,798
0.2
East Japan Railway Company [9020]
Japan
134
56.99
7,631
0.2
GN Store Nord A/S [GN]
Denmark
325
22.93
7,443
0.2
IG Group Holdings plc [IGG]
United Kingdom
789
9.41
7,421
0.2
Macquarie Group Ltd. [MQG]
Australia
66
113.22
7,514
0.2
NH Foods Limited [2282]
Japan
267
27.85
7,428
0.2
Samsung Electronics Co. Ltd. [005930]
South Korea
176
43.73
7,715
0.2
Toyota Industries Corp. [6201]
Japan
140
54.87
7,671
0.2
Tsumura & Co. [4540]
Japan
344
21.96
7,562
0.2
ZOZO Inc. [3092]
Japan
310
24.71
7,652
0.2
Davide Campari-Milano N.V. [CPR]
Italy
702
10.12
7,107
0.2
HDFC Bank Limited Sponsored ADR [HDB]
India
106
68.41
7,224
0.2
Jardine Matheson Holdings Limited [J36]
Hong Kong
145
50.90
7,386
0.2
KDDI Corporation [9433]
Japan
244
30.18
7,352
0.2
Koninklijke Philips N.V. [PHIA]
Netherlands
493
14.95
7,371
0.2
LIXIL Corporation [5938]
Japan
472
15.17
7,164
0.2
Oracle Corporation Japan [4716]
Japan
114
64.57
7,348
0.2
Zalando SE [ZAL]
Germany
203
35.34
7,186
0.2
ABC-MART INC. [2670]
Japan
124
56.61
7,026
0.2
Amplifon S.p.A. [AMP]
Italy
238
29.69
7,079
0.2
Medipal Holdings Corporation [7459]
Japan
516
13.19
6,805
0.2
Prudential plc [PRU]
United Kingdom
507
13.56
6,873
0.2
Taiwan Semiconductor Manufacturing Co. Ltd. [2330]
Taiwan
480
14.59
7,004
0.2
United Overseas Bank Ltd. (Singapore) [U11]
Singapore
307
22.89
7,032
0.2
Acerinox SA [ACX]
Spain
677
9.86
6,675
0.2
Nissan Chemical Corporation [4021]
Japan
148
43.81
6,488
0.2
Penta-Ocean Construction Co. Ltd. [1893]
Japan
1,423
4.68
6,666
0.2
TUI AG [TUI1]
United Kingdom
4,057
1.62
6,581
0.2
Fukuoka Financial Group Inc. [8354]
Japan
275
22.77
6,272
0.2
Marui Group Co. Ltd. [8252]
Japan
388
16.53
6,418
0.2
Mitsubishi Logistics Corporation [9301]
Japan
279
22.96
6,396
0.2
Nisshinbo Holdings Inc. [3105]
Japan
852
7.38
6,288
0.2
PT Bank Central Asia Tbk [BBCA]
Indonesia
11,529
0.55
6,332
0.2
Future plc [FUTR]
United Kingdom
383
15.24
5,832
0.2
Hannover Rueck SE [HNR1]
Germany
31
197.97
6,080
0.2
MatsukiyoCocokara & Co. [3088]
Japan
118
50.02
5,917
0.2
Rohm Co. Ltd. [6963]
Japan
83
72.23
6,017
0.2
Techtronic Industries Co. Ltd. [669]
Hong Kong
522
11.16
5,820
0.2
Yum China Holdings Inc. [YUMC]
China
108
54.65
5,884
0.2
Baidu Inc Sponsored ADR Class A [BIDU]
Hong Kong
48
114.38
5,452
0.2
Galaxy Entertainment Group Limited [27]
Hong Kong
834
6.61
5,514
0.2
Getinge AB Class B [GETI.B]
Sweden
268
20.76
5,563
0.2
Kyocera Corporation [6971]
Japan
114
49.66
5,671
0.2
Naspers Limited Class N [NPN]
South Africa
34
165.99
5,587
0.2
Nippon Television Holdings Inc. [9404]
Japan
713
7.90
5,632
0.2
Woodside Energy Group Ltd [WDS]
Australia
235
24.03
5,653
0.2
Daifuku Co. Ltd. [6383]
Japan
116
46.84
5,410
0.2
Gestamp Automocion S.A. [GEST]
Spain
1,360
3.86
5,245
0.2
Hiscox Ltd [HSX]
United Kingdom
404
13.11
5,298
0.2
Kubota Corporation [6326]
Japan
380
13.77
5,229
0.2
Swire Pacific Limited Class A [19]
Hong Kong
602
8.80
5,294
0.2
TBS HOLDINGS INC. [9401]
Japan
441
11.61
5,123
0.2
USS Co. Ltd. [4732]
Japan
329
15.88
5,216
0.2
Irish Continental Group PLC Units Cons.of 1 Sh (CH24411198)and up to 10 Red Shs (Nil Issued) [IR5B]
Ireland
1,090
4.57
4,979
0.2
PERSOL HOLDINGS CO. LTD. [2181]
Japan
225
21.43
4,825
0.2
Pets At Home Group Plc [PETS]
United Kingdom
1,459
3.41
4,978
0.2
Secom Co. Ltd. [9735]
Japan
88
57.17
5,025
0.2
Sekisui Chemical Co. Ltd. [4204]
Japan
345
13.98
4,817
0.2
Taylor Wimpey plc [TW]
United Kingdom
4,030
1.22
4,928
0.2
ANDRITZ AG [ANDR]
Austria
82
57.15
4,697
0.1
Cleanaway Waste Management Ltd. [CWY]
Australia
2,539
1.78
4,529
0.1
Dowa Holdings Co. Ltd. [5714]
Japan
143
31.45
4,495
0.1
easyJet plc [EZJ]
United Kingdom
1,221
3.90
4,766
0.1
Informa Plc [INF]
United Kingdom
640
7.45
4,769
0.1
NS Solutions Corp [2327]
Japan
189
24.25
4,579
0.1
NTT DATA Corporation [9613]
Japan
321
14.64
4,694
0.1
Southern Copper Corporation [SCCO]
Peru
79
60.39
4,771
0.1
Wartsila Oyj Abp [WRT1V]
Finland
534
8.40
4,482
0.1
B3 SA - Brasil Bolsa Balcao [B3SA3]
Brazil
1,693
2.50
4,236
0.1
Devro plc [DVO]
United Kingdom
1,136
3.70
4,211
0.1
Hakuhodo Dy Holdings Incorporated [2433]
Japan
425
10.08
4,287
0.1
Housing Development Finance Corporation Limited [500010]
India
138
31.88
4,403
0.1
MEGMILK SNOW BRAND Co. Ltd. [2270]
Japan
314
13.65
4,286
0.1
Midea Group Co. Ltd. Class A
China
567
7.45
4,221
0.1
Miura Co. Ltd. [6005]
Japan
191
23.04
4,394
0.1
Newcrest Mining Limited [NCM]
Australia
307
14.00
4,297
0.1
Osterreichische Post AG [POST]
Austria
133
31.38
4,178
0.1
Pernod Ricard SA [RI]
France
21
196.11
4,199
0.1
Qantas Airways Limited [QAN]
Australia
1,044
4.08
4,254
0.1
SENKO Group Holdings Co.Ltd. [9069]
Japan
586
7.31
4,289
0.1
Ship Healthcare Holdings Inc. [3360]
Japan
215
20.37
4,374
0.1
Sumitomo Bakelite Co. Ltd. [4203]
Japan
148
29.67
4,388
0.1
Tata Consultancy Services Limited [532540]
India
109
39.37
4,296
0.1
Viaplay Group AB Class B [VPLAY.B]
Sweden
223
19.01
4,238
0.1
Yakult Honsha Co. Ltd. [2267]
Japan
67
64.88
4,340
0.1
AVEVA Group plc [AVV]
United Kingdom
102
38.65
3,927
0.1
China Mengniu Dairy Co. Ltd. [2319]
China
876
4.54
3,973
0.1
Delta Electronics Inc. [2308]
Taiwan
411
9.32
3,831
0.1
Jupiter Fund Management plc [JUP]
United Kingdom
2,442
1.60
3,900
0.1
Reply S.p.A. [REY]
Italy
34
114.20
3,856
0.1
Compagnie Financiere Richemont SA Depositary Receipt Representing 1/10 of Cie Financiere Richemont [CFR]
Switzerland
275
13.11
3,608
0.1
CRH Plc [CRG]
Ireland
88
39.50
3,464
0.1
Grupo Financiero Banorte SAB de CV Class O [GFNORTEO]
Mexico
514
7.18
3,692
0.1
Hana Financial Group Inc. [086790]
South Korea
112
33.25
3,723
0.1
InterContinental Hotels Group PLC [IHG]
United Kingdom
66
57.07
3,775
0.1
Kawasaki Kisen Kaisha Ltd. [9107]
Japan
173
21.12
3,663
0.1
PageGroup PLC [PAGE]
United Kingdom
674
5.55
3,742
0.1
Randstad NV [RAND]
Netherlands
59
60.79
3,564
0.1
Telstra Group Limited [TLS]
Australia
1,389
2.71
3,759
0.1
Thai Beverage Public Co. Ltd. [Y92]
Singapore
7,258
0.51
3,707
0.1
Toyota Motor Corp. [7203]
Japan
268
13.74
3,675
0.1
Advantech Co. Ltd. [2395]
Taiwan
301
10.77
3,242
0.1
Aristocrat Leisure Limited [ALL]
Australia
159
20.70
3,283
0.1
Axis Bank Limited [532215]
India
299
11.29
3,378
0.1
Bid Corporation Limited [BID]
South Africa
170
19.39
3,301
0.1
Capita plc [CPI]
United Kingdom
11,490
0.29
3,353
0.1
GEA Group Aktiengesellschaft [G1A]
Germany
80
40.77
3,255
0.1
Helvetia Holding Ltd [HELN]
Switzerland
27
116.52
3,192
0.1
Infosys Limited Sponsored ADR [INFY]
India
189
18.01
3,399
0.1
Intesa Sanpaolo S.p.A. [ISP]
Italy
1,441
2.22
3,197
0.1
OMRON Corporation [6645]
Japan
70
48.54
3,413
0.1
Shenzhou International Group Holdings Limited [2313]
China
281
11.25
3,165
0.1
TechnoPro Holdings Inc. [6028]
Japan
125
26.72
3,342
0.1
UBS Group AG [UBSG]
Switzerland
172
18.60
3,195
0.1
Zhongsheng Group Holdings Ltd. [881]
China
643
5.14
3,308
0.1
African Rainbow Minerals Limited [ARI]
South Africa
176
16.93
2,975
0.1
ALS Ltd. [ALQ]
Australia
375
8.29
3,107
0.1
Befesa SA [BFSA]
Germany
63
48.09
3,013
0.1
Bluescope Steel Limited [BSL]
Australia
264
11.42
3,014
0.1
Brambles Limited [BXB]
Australia
359
8.19
2,942
0.1
British American Tobacco p.l.c. [BATS]
United Kingdom
78
39.47
3,061
0.1
Chailease Holding Co. Ltd. [5871]
Taiwan
427
7.06
3,012
0.1
Ferrovial S.A. [FER]
Spain
118
26.12
3,079
0.1
Fletcher Building Limited [FBU]
New Zealand
975
2.99
2,912
0.1
Great Eastern Holdings Limited [G07]
Singapore
213
13.79
2,944
0.1
Grupo Aeroportuario del Pacifico SAB de CV Class B [GAPB]
Mexico
205
14.32
2,944
0.1
Localiza Rent A Car SA [RENT3]
Brazil
298
10.08
3,005
0.1
NOMURA Co. Ltd. [9716]
Japan
414
7.28
3,015
0.1
NSK Ltd. [6471]
Japan
557
5.31
2,958
0.1
Provident Financial PLC [PFG]
United Kingdom
1,316
2.30
3,028
0.1
Rexel SA [RXL]
France
151
19.68
2,971
0.1
RWS Holdings plc [RWS]
United Kingdom
653
4.52
2,950
0.1
Shinhan Financial Group Co. Ltd. [055550]
South Korea
105
27.84
2,915
0.1
SK hynix Inc. [000660]
South Korea
49
59.31
2,920
0.1
Vipshop Holdings Ltd Sponsored ADR [VIPS]
China
227
13.64
3,091
0.1
Beach Energy Limited [BPT]
Australia
2,406
1.08
2,602
0.1
Capitec Bank Holdings Limited [CPI]
South Africa
24
109.23
2,676
0.1
Close Brothers Group plc [CBG]
United Kingdom
205
12.59
2,577
0.1
Copa Holdings S.A. Class A [CPA]
Panama
30
83.17
2,529
0.1
Elis SA [ELIS]
France
184
14.75
2,715
0.1
Gerresheimer AG [GXI]
Germany
40
67.02
2,671
0.1
John Wood Group PLC [WG]
United Kingdom
1,538
1.63
2,501
0.1
Just Eat Takeaway.com N.V. [TKWY]
Netherlands
132
21.08
2,782
0.1
Li Ning Company Limited [2331]
China
293
8.68
2,539
0.1
L'Occitane International S.A. [973]
Hong Kong
889
3.12
2,773
0.1
Modern Times Group MTG AB Class B [MTG.B]
Sweden
305
8.55
2,612
0.1
Ping An Insurance (Group) Company of China Ltd. Class H [2318]
China
378
6.62
2,498
0.1
Rathbones Group PLC [RAT]
United Kingdom
108
24.48
2,650
0.1
Rotork plc [ROR]
United Kingdom
712
3.69
2,625
0.1
SAWAI GROUP HOLDINGS Co. Ltd. [4887]
Japan
82
31.26
2,567
0.1
Schibsted Asa Class A [SCHA]
Norway
136
18.83
2,554
0.1
Smith & Nephew plc [SN]
United Kingdom
189
13.35
2,524
0.1
Tingyi (Cayman Islands) Holding Corp. [322]
China
1,552
1.77
2,740
0.1
Weichai Power Co. Ltd. Class H [2338]
China
1,913
1.34
2,569
0.1
Barratt Developments PLC [BDEV]
United Kingdom
478
4.77
2,281
0.1
BOC Aviation Limited [2588]
China
279
8.35
2,325
0.1
Carsales.Com Limited [CAR]
Australia
171
14.08
2,411
0.1
CK Hutchison Holdings Ltd [1]
Hong Kong
404
6.00
2,422
0.1
Dabur India Limited [500096]
India
335
6.79
2,276
0.1
Danske Bank A/S [DANSKE]
Denmark
119
19.70
2,345
0.1
Evolution Mining Limited [EVN]
Australia
1,162
2.02
2,348
0.1
HSBC Holdings Plc [5]
Hong Kong
388
6.22
2,411
0.1
Iveco Group NV [IVG]
Italy
379
5.93
2,248
0.1
Marico Limited [531642]
India
364
6.16
2,245
0.1
Melrose Industries PLC [MRO]
United Kingdom
1,394
1.62
2,255
0.1
Metcash Limited [MTS]
Australia
908
2.70
2,451
0.1
OZ Minerals Limited [OZL]
Australia
123
18.92
2,337
0.1
Playtech plc [PTEC]
United Kingdom
388
6.12
2,374
0.1
Samsonite International S.A. [1910]
Hong Kong
932
2.63
2,454
0.1
Softcat Plc [SCT]
United Kingdom
159
14.24
2,267
0.1
Technip Energies NV [TE]
France
154
15.66
2,404
0.1
AEON Delight Co. Ltd. [9787]
Japan
85
22.96
1,947
0.1
Alfa Laval AB [ALFA]
Sweden
66
28.90
1,910
0.1
Challenger Limited [CGF]
Australia
362
5.17
1,873
0.1
Clicks Group Limited [CLS]
South Africa
124
15.87
1,974
0.1
Daiwa Securities Group Inc. [8601]
Japan
449
4.42
1,983
0.1
First Quantum Minerals Ltd. [FM]
Canada
95
20.88
1,991
0.1
Havells India Limited [517354]
India
146
13.30
1,942
0.1
IPH Ltd. [IPH]
Australia
317
5.92
1,875
0.1
MediaTek Inc [2454]
Taiwan
90
20.33
1,830
0.1
National Express Group PLC [NEX]
United Kingdom
1,177
1.56
1,840
0.1
AMP Limited [AMP]
Australia
1,975
0.89
1,761
0.1
Anglo American Platinum Limited [AMS]
South Africa
20
83.74
1,639
0.1
ASMPT Limited [522]
Hong Kong
225
7.13
1,604
0.1
Carnival plc [CCL]
United Kingdom
230
6.97
1,604
0.1
Daiei Kankyo Co. Ltd. [9336]
Japan
111
14.43
1,600
0.1
HANKOOK TIRE & TECHNOLOGY Co. Ltd. [161390]
South Korea
61
24.63
1,513
0.1
International Personal Finance plc [IPF]
United Kingdom
1,777
0.88
1,562
0.1
James Hardie Industries PLC Chess Units of Foreign Securities [JHX]
Australia
91
17.90
1,635
0.1
Mips AB [MIPS]
Sweden
44
41.26
1,796
0.1
Quadient SA [QDT]
France
110
14.70
1,611
0.1
Sany Heavy Industry Co., Ltd. Class A
China
707
2.28
1,615
0.1
Trip.com Group Ltd. Sponsored ADR [TCOM]
China
47
34.40
1,601
0.1
Imerys SA [NK]
France
31
38.78
1,197
0.0
Kasikornbank Public Co. Ltd.(Alien Mkt) [KBANK.F]
Thailand
308
4.24
1,308
0.0
LG Corp [003550]
South Korea
22
61.76
1,337
0.0
Nintendo Co. Ltd. [7974]
Japan
32
41.93
1,350
0.0
Topcon Corp. [7732]
Japan
116
11.60
1,348
0.0
Vicat-Ciments Vicat SA [VCT]
France
48
25.03
1,197
0.0
GWA Group Limited [GWA]
Australia
682
1.39
948
0.0
Hyundai Motor Company [005380]
South Korea
9
119.41
1,034
0.0
Johnson Electric Holdings Limited [179]
Hong Kong
760
1.26
957
0.0
Pepkor Holdings Ltd. [PPH]
South Africa
860
1.18
1,011
0.0
Porto Seguro S.A. [PSSA3]
Brazil
212
4.38
931
0.0
Schibsted ASA Class B [SCHB]
Norway
58
18.18
1,063
0.0
Accelleron Industries AG [ACLN]
Switzerland
29
20.69
608
0.0
Alleima AB [ALLEI]
Sweden
158
3.69
582
0.0
AmorePacific Group Inc. [002790]
South Korea
21
27.60
586
0.0
First Pacific Co. Ltd. [142]
Hong Kong
2,128
0.30
635
0.0
Petrofac Limited [PFC]
United Kingdom
609
0.85
514
0.0
Prudential plc [2378]
United Kingdom
56
14.06
791
0.0
Stella International Holdings Limited [1836]
Hong Kong
860
0.94
810
0.0
X 5 RETAIL GROUP NV REGS GDR DEPOSITORY RECEIPT
Russia
95
7.50
713
0.0
Ajisen (China) Holdings Limited [538]
China
2,515
0.11
267
0.0
AMOREPACIFIC Group Cum Pfd Registered [00279K]
South Korea
9
22.14
195
0.0
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A
China
102
4.83
491
0.0
Esprit Holdings Limited [330]
Hong Kong
4,080
0.11
439
0.0
Cazoo Group Ltd Class A [CZOO]
United States
152
0.16
24
0.0
CIE FINANCIERE RICHEMONT SA Warrant 2020-12.09.23 (Exp.20.09.23) on CFR DO 1/10 Ut CFR [CFRO]
Switzerland
748
0.07
53
0.0
Localiza Rent A Car SA Rights 2022-31.01.23 For Subscription Receipts For Shs [RENT1]
Brazil
1
2.04
3
0.0
Non-Standard Finance Plc [NSF]
United Kingdom
2,291
0.01
14
0.0
Saipem S.p.A. [SPM]
Italy
118
1.20
142
0.0
Severstal PAO Sponsored GDR RegS [SVJTY]
Russia
217
0.00
0
0.0
Total
--
--
--
3,253,565
100.5
Cash and Other Assets Less Liabilities
--
--
--
--
-0.5
Total Net Assets
--
--
--
--
100%
Financials
25.4
23.9
Consumer Discretionary
22.8
17.8
Materials
20.0
20.8
Industrials
18.2
19.0
Health Care
15.5
14.2
Energy
15.4
19.8
Communication Services
15.1
10.1
Real Estate
14.1
11.0
Utilities
13.2
19.4
Information Technology
13.1
14.9
Consumer Staples
10.0
10.6
Industrials
22.0
15.1
Financials
20.5
18.7
Consumer Discretionary
10.9
11.2
Health Care
10.0
13.6
Consumer Staples
9.0
10.5
Materials
8.4
7.8
Communication Services
6.0
4.5
Information Technology
5.8
7.8
Energy
4.9
5.0
Real Estate
0.8
2.7
Utilities
0.4
3.5
United Kingdom
25.1
15.3
Japan
22.8
22.0
France
8.2
11.9
Denmark
6.0
3.0
Switzerland
5.5
10.2
Germany
4.4
8.2
Australia
3.6
8.0
Netherlands
2.7
4.3
Italy
2.4
2.4
Ireland
2.2
0.7
Other
17.1
14.0
Marathon Asset Management LLP (Marathon-London) is an independent investment management firm with a 30+ year track record of managing regional, international and global equity strategies on behalf of institutional clients. Marathon-London’s distinctive investment philosophy, referred to as the capital cycle approach to investing, focuses on understanding the supply-side longer-term dynamics within a competitive ecosystem, management behavior in driving an attractive capital cycle dynamic, and how the evolution of supply-side forces impact the economics of the businesses within a particular industry. Marathon-London operates a multi-counselor model in which portfolio managers are generalists focused on specific regions (Europe, Japan, Asia ex-Japan and the Emerging Markets, and North America) and are independently accountable for their own buy/sell decisions. Each portfolio is then aggregated up for broader international and global equity mandates. There are no committee-based decision-making structures which, in turn, allows the portfolio managers the independence and flexibility to execute their skills as stock pickers and aligns their incentives with that of Marathon-London’s clients.
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions. Stocks of small and mid cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. Marathon-London's assessment of the capital cycle for a particular industry or company may be incorrect. Investing in companies at inopportune phases of the capital cycle can result in the Fund purchasing company stock at pricing levels that are higher than the market dynamics would support and therefore subject the Fund to greater risk that the stock price would decline rather than increase over time.
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.
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.
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