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Harbor Global Leaders Fund (HGGAX)

Please note: Harbor Funds’ Board of Trustees has determined to liquidate and dissolve Harbor Global Leaders Fund (the “Fund”). The liquidation of the Fund is expected to occur on August 23, 2023 (the “Liquidation Date”). The liquidation proceeds will be distributed to any remaining shareholders of the Fund on the Liquidation Date.

Overview
Performance
Holdings
Investment Team
Documents
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Class

Overview

Investment Team
Management Team Logo

Current Price

Current Price

As of 6/2/2023

$25.64

Price (NAV)

$0.37

NAV Daily Change ($)

1.46%

NAV Daily Change (%)

12.65%

NAV YTD Return

Fund Facts

As of 5/31/2023

3/1/2009

Inception Date

0.86

Net Expense Ratio
disclaimer

1.00

Gross Expense Ratio

$28.879

Total Net Assets (million)
As of 5/31/2023

HGGAX

Ticker

2030

Fund Number

Institutional Class

Share Class

Top Ten Holdings

As of 3/31/2023

Company Name [Ticker]

% of Net Assets

Visa Inc. Class A[V]

4.5

Roper Technologies Inc.[ROP]

4.5

Constellation Software Inc.[CSU]

4.4

Keyence Corporation[6861]

4.2

Liberty Media Corp. Series C Liberty Formula One[FWONK]

4.2

AIA Group Limited[1299]

4.2

Cloudflare Inc Class A[NET]

3.6

Chegg Inc.[CHGG]

3.5

Charter Communications Inc. Class A[CHTR]

3.4

Rentokil Initial plc[RTO]

3.4

% of Total Holdings:

39.9%

left quote

“With the expectation of owning each portfolio business for five years or longer, we often describe our investment philosophy as a private buyer’s mentality to owning public equities.”

Sunil Thakor

CFA. Sr. Portfolio Manager, Research Analyst, Sands Capital Management, LLC.

right quote

Performance

Total Returns

Month-End

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Global Leaders Fund

3.53%

9.40%

0.40%

2.20%

6.22%

8.86%

13.51%

0.86%disclaimer

1.00%

MSCI All Country World (ND) Index

3.44%

7.68%

0.85%

10.07%

6.77%

7.82%

11.28%

--

--

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 Index (ND) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

Chart

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

12/16/2022

12/19/2022

12/19/2022

0.00000

--

1.94571

--

0.00000

1.94571

1.94571

0.00000

22.65

12/17/2021

12/20/2021

12/20/2021

0.00000

--

3.69533

0.24629

0.00000

3.44904

3.69533

0.00000

33.88

12/16/2020

12/17/2020

12/17/2020

0.00000

0.00000

2.82624

0.41635

0.00000

2.40989

2.82624

0.00000

35.65

12/13/2019

12/16/2019

12/16/2019

0.00000

0.07439

1.73746

0.00000

0.00000

1.73746

1.81185

0.00000

30.62

12/14/2018

12/17/2018

12/17/2018

0.00000

0.00000

0.59627

0.00000

0.00000

0.59627

0.59627

0.00000

24.05

12/15/2017

12/18/2017

12/18/2017

0.00000

0.00990

2.20340

0.00000

0.00000

2.20340

2.21330

0.00000

24.26

12/16/2016

12/19/2016

12/19/2016

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

20.11

12/16/2015

12/17/2015

12/17/2015

0.00000

0.00000

0.71705

0.00000

0.00000

0.71705

0.71705

0.00000

21.12

12/17/2014

12/18/2014

12/18/2014

0.00000

0.03445

2.57460

0.35289

0.00000

2.22171

2.60905

0.00000

21.35

12/16/2013

12/17/2013

12/17/2013

0.00000

0.06691

2.15052

0.86436

0.00000

1.28616

2.21743

0.00000

22.10

12/14/2012

12/17/2012

12/17/2012

0.00000

0.05619

0.49468

0.00000

0.00000

0.49468

0.55087

0.00000

17.96

12/15/2011

12/16/2011

12/16/2011

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

0.00000

14.82

12/16/2010

12/17/2010

12/17/2010

0.00000

0.15876

1.81179

0.62393

0.00000

1.18786

1.97055

0.00899

17.15

12/17/2009

12/18/2009

12/18/2009

0.00000

0.08585

1.17143

1.17143

0.00000

0.00000

1.25728

0.00000

15.26

Holdings

Portfolio Characteristics

As of 3/31/2023

42

Number of Holdings

136739.5

Wtd Avg Market Cap ($Mil)

5.68

Price/Book Ratio

39.6

Adjusted Trailing P/E Ratio

17.9

% EPS Growth - Past 3 Yr

14.85

Return on Equity (%)

30.7

Forecasted P/E Ratio

Top Ten Holdings

As of 3/31/2023

Company Name [Ticker]

% of Net Assets

Visa Inc. Class A[V]

4.5

Roper Technologies Inc.[ROP]

4.5

Constellation Software Inc.[CSU]

4.4

Keyence Corporation[6861]

4.2

Liberty Media Corp. Series C Liberty Formula One[FWONK]

4.2

AIA Group Limited[1299]

4.2

Cloudflare Inc Class A[NET]

3.6

Chegg Inc.[CHGG]

3.5

Charter Communications Inc. Class A[CHTR]

3.4

Rentokil Initial plc[RTO]

3.4

% of Total Holdings:

39.9%

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

As of 3/31/2023

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Visa Inc. Class A [V]

14

225.46

3,060

4.5

Roper Technologies Inc. [ROP]

7

440.69

3,028

4.5

Constellation Software Inc. [CSU]

2

1,877.50

2,980

4.4

Keyence Corporation [6861]

6

484.26

2,886

4.2

Liberty Media Corp. Series C Liberty Formula One [FWONK]

39

74.83

2,885

4.2

AIA Group Limited [1299]

270

10.53

2,844

4.2

Cloudflare Inc Class A [NET]

40

61.66

2,463

3.6

Chegg Inc. [CHGG]

147

16.30

2,401

3.5

Charter Communications Inc. Class A [CHTR]

7

357.61

2,344

3.4

Rentokil Initial plc [RTO]

319

7.31

2,330

3.4

CoStar Group Inc. [CSGP]

33

68.85

2,260

3.3

TransDigm Group Incorporated [TDG]

3

737.05

2,191

3.2

Alimentation Couche-Tard Inc. [ATD]

42

50.21

2,131

3.1

IQVIA Holdings Inc [IQV]

10

198.89

2,087

3.1

HDFC Bank Limited Sponsored ADR [HDB]

31

66.67

2,074

3.1

Entegris Inc. [ENTG]

25

82.01

2,044

3.0

Microsoft Corporation [MSFT]

7

288.30

1,979

2.9

Texas Instruments Incorporated [TXN]

11

186.01

1,982

2.9

Shopify Inc. Class A [SHOP]

39

47.94

1,855

2.7

Lonza Group AG [LONN]

3

599.20

1,834

2.7

ServiceNow Inc. [NOW]

4

464.72

1,726

2.5

STERIS Plc [STE]

8

191.28

1,576

2.3

Aptiv PLC [APTV]

14

112.19

1,545

2.3

Zoetis Inc. Class A [ZTS]

9

166.44

1,522

2.2

Sika AG [SIKA]

5

279.68

1,514

2.2

Adyen NV [ADYEN]

1

1,585.35

1,398

2.1

Intercontinental Exchange Inc. [ICE]

12

104.29

1,241

1.8

Allfunds Group plc [ALLFG]

174

6.61

1,149

1.7

UnitedHealth Group Incorporated [UNH]

2

472.59

1,052

1.6

Bio-Techne Corporation [TECH]

14

74.19

1,044

1.5

Recruit Holdings Co. Ltd. [6098]

36

27.43

980

1.4

Coupang Inc. Class A [CPNG]

59

16.00

941

1.4

MonotaRO Co. Ltd. [3064]

73

12.45

905

1.3

SiteOne Landscape Supply Inc. [SITE]

6

136.87

873

1.3

Axon Enterprise Inc [AXON]

4

224.85

811

1.2

Globant SA [GLOB]

4

164.01

683

1.0

Zur Rose Group AG [ROSE]

13

46.17

599

0.9

Total

--

--

--

67,216

98.6

Cash and Other Assets Less Liabilities

--

--

--

--

1.4

Total Net Assets

--

--

--

--

100%

As of 3/31/2023

Global Leaders Fund (HRGAX)

MSCI All Country World (ND) Index

-

Information Technology

HRGAX: 31.8%

Benchmark: 20.3%

-

Financials

HRGAX: 17.3%

Benchmark: 15.4%

-

Industrials

HRGAX: 15.2%

Benchmark: 10.3%

-

Health Care

HRGAX: 13.4%

Benchmark: 12.2%

-

Communication Services

HRGAX: 7.7%

Benchmark: 7.3%

-

Consumer Discretionary

HRGAX: 7.2%

Benchmark: 10.6%

-

Consumer Staples

HRGAX: 4.0%

Benchmark: 7.7%

-

Materials

HRGAX: 2.2%

Benchmark: 4.8%

-

Energy

HRGAX: 0.0%

Benchmark: 4.9%

-

Real Estate

HRGAX: 0.0%

Benchmark: 2.5%

-

Utilities

HRGAX: 0.0%

Benchmark: 2.9%

HRGAX: Global Leaders Fund

Benchmark: MSCI All Country World (ND) Index

As of 3/31/2023

Economic Sector

Global Leaders Fund %

MSCI All Country World (ND) Index %

Consumer Staples

Economic sector icon

23.0

3.2

Information Technology

Economic sector icon

20.1

22.2

Materials

Economic sector icon

17.7

5.3

Communication Services

Economic sector icon

15.5

17.2

Industrials

Economic sector icon

3.6

6.4

Health Care

Economic sector icon

3.0

-1.7

Financials

Economic sector icon

1.5

-0.7

Energy

Economic sector icon

0.0

-3.1

Real Estate

Economic sector icon

0.0

0.5

Utilities

Economic sector icon

0.0

-0.7

Consumer Discretionary

Economic sector icon

-12.9

14.7

As of 3/31/2023

Country

Global Leaders Fund %

MSCI All Country World (ND) Index %

United States

60.3

60.5

Canada

10.2

3.0

Japan

7.0

5.6

Switzerland

5.8

2.6

Hong Kong

4.2

0.7

Netherlands

3.7

1.2

United Kingdom

3.4

3.8

India

3.1

1.4

Argentina

1.0

--

Australia

0.0

1.9

Other

1.3

19.3

Investment Team


Sub-adviser logo

Sands Capital Management, LLC is an independent, staff-owned, global investment management firm with a singular focus on long-only growth equity investing. They exist to add value and enhance the wealth of their clients with prudence over time. Sands Capital’s investment strategies (and those of their affiliates) employ a fundamental, bottom-up research approach that aims to identify high-quality public and private growth businesses globally.

Clients include pension plans, endowments, foundations, corporations, mutual and pooled funds, charities, sovereign wealth funds, state and municipal government entities, Taft-Hartley plans, and private investment funds.

Documents

Name

Date

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.

As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.

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. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

2924595 

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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

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