Harbor Global Leaders Fund (HGGAX)
Overview
Current Price
as of 9/23/2022
NAV Price | $23.13 |
NAV Daily Change ($) | -$0.49 |
NAV Daily Change (%) | -2.07% |
NAV YTD Return | -34.20% |
Fund Facts
Inception Date | 3/1/2009 |
Net Expense Ratio | 0.86% |
Gross Expense Ratio | 0.95% |
Total Net Assets (million) as of 8/31/2022 | $44.362 |
Ticker | HGGAX |
Fund Number | 2030 |
Share Class | Institutional |
Top Ten Holdings
as of 6/30/2022
AIA Group Limited [1299] | 4.7% |
Roper Technologies Inc. [ROP] | 4.4% |
Visa Inc. Class A [V] | 4.3% |
Charter Communications Inc. Class A [CHTR] | 4.3% |
IQVIA Holdings Inc [IQV] | 4.2% |
Microsoft Corporation [MSFT] | 4.0% |
Liberty Media Corp. Series C Liberty Formula One [FWONK] | 4.0% |
Constellation Software Inc. [CSU] | 3.8% |
Entegris Inc. [ENTG] | 3.7% |
Keyence Corporation [6861] | 3.3% |
% of Total Holdings: | 40.7% |
“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.
Performance
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
-5.38%
-27.51%
-31.53%
2.17%
7.99%
10.34%
13.81%
0.86%
0.95%
MSCI All Country World (ND) Index
-5.64%
-17.75%
-15.88%
8.03%
6.97%
8.70%
11.39%
--
--
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.
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
12/20/2021
0.00000
--
3.69533
0.24629
0.00000
3.44904
3.69533
0.00000
--
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
Full Holdings
as of 6/30/2022
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
AIA Group Limited [1299]
Hong Kong
315
10.84
3,415
4.7
Roper Technologies Inc. [ROP]
United States
8
394.65
3,163
4.4
Visa Inc. Class A [V]
United States
16
196.89
3,117
4.3
Charter Communications Inc. Class A [CHTR]
United States
7
468.53
3,095
4.3
IQVIA Holdings Inc [IQV]
United States
14
216.99
3,034
4.2
Microsoft Corporation [MSFT]
United States
11
256.83
2,908
4.0
Liberty Media Corp. Series C Liberty Formula One [FWONK]
United States
45
63.47
2,854
4.0
Constellation Software Inc. [CSU]
Canada
2
1,481.35
2,742
3.8
Entegris Inc. [ENTG]
United States
29
92.13
2,678
3.7
Keyence Corporation [6861]
Japan
7
341.39
2,376
3.3
CoStar Group Inc. [CSGP]
United States
38
60.41
2,314
3.2
Chegg Inc. [CHGG]
United States
123
18.78
2,303
3.2
UnitedHealth Group Incorporated [UNH]
United States
4
513.63
2,298
3.2
Cloudflare Inc Class A [NET]
United States
51
43.75
2,227
3.1
Rentokil Initial plc [RTO]
United Kingdom
372
5.76
2,142
3.0
HDFC Bank Limited Sponsored ADR [HDB]
India
36
54.96
1,994
2.8
STERIS Plc [STE]
United States
10
206.15
1,981
2.8
Safran S.A. [SAF]
France
20
98.49
1,966
2.7
CSL Limited [CSL]
Australia
11
185.02
1,946
2.7
Alimentation Couche-Tard Inc. [ATD]
Canada
50
38.92
1,927
2.7
Texas Instruments Incorporated [TXN]
United States
12
153.65
1,910
2.7
Lonza Group AG [LONN]
Switzerland
4
531.68
1,899
2.6
TransDigm Group Incorporated [TDG]
United States
3
536.67
1,860
2.6
Zoetis Inc. Class A [ZTS]
United States
11
171.89
1,834
2.5
NAVER Corp. [035420]
South Korea
8
184.84
1,562
2.2
Aptiv PLC [APTV]
United States
16
89.07
1,431
2.0
Bio-Techne Corporation [TECH]
United States
4
346.64
1,423
2.0
Shopify Inc. Class A [SHOP]
Canada
45
31.24
1,410
2.0
Intercontinental Exchange Inc. [ICE]
United States
14
94.04
1,305
1.8
MonotaRO Co. Ltd. [3064]
Japan
85
14.84
1,260
1.8
Recruit Holdings Co. Ltd. [6098]
Japan
42
29.41
1,228
1.7
Allfunds Group plc [ALLFG]
Netherlands
118
7.69
912
1.3
SiteOne Landscape Supply Inc. [SITE]
United States
7
118.87
884
1.2
Globant SA [GLOB]
Argentina
5
174.00
846
1.2
Zur Rose Group AG [ROSE]
Switzerland
9
74.84
646
0.9
Total
--
--
--
70,889
98.6
Cash and Other Assets Less Liabilities
--
--
--
--
1.4
Total Net Assets
--
--
--
--
100%
Sector Allocations
as of 6/30/2022
Economic Sector
Global Leaders Fund %
MSCI All Country World (ND) Index %
Information Technology
32.4
20.8
Health Care
20.0
12.9
Industrials
16.2
9.2
Financials
10.6
14.3
Communication Services
10.4
7.9
Consumer Discretionary
5.2
10.9
Consumer Staples
3.6
7.5
Energy
0.0
4.9
Materials
0.0
4.6
Real Estate
0.0
2.8
Utilities
0.0
3.1
Sector Returns
as of 6/30/2022
Economic Sector
Global Leaders Fund %
MSCI All Country World (ND) Index %
Energy
0.0
-5.2
Materials
0.0
-19.8
[Unassigned]
0.0
-5.6
Real Estate
0.0
-14.0
Utilities
0.0
-7.1
Financials
-11.6
-15.8
Health Care
-11.7
-7.3
Communication Services
-18.3
-18.2
Industrials
-20.0
-16.3
Consumer Staples
-25.0
-6.2
Information Technology
-28.0
-21.6
Consumer Discretionary
-40.1
-20.2
Top 10 Countries
as of 6/30/2022
Country
Global Leaders Fund %
MSCI All Country World (ND) Index %
United States
59.1
60.6
Canada
8.4
3.2
Japan
6.8
5.5
Hong Kong
4.7
0.8
Switzerland
3.5
2.6
United Kingdom
3.0
4.0
India
2.8
1.4
France
2.7
2.7
Australia
2.7
2.0
South Korea
2.2
1.2
Other
4.1
16.0
Investment Team
Sands Capital Management, LLC
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.
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.
![manager headshot]()
Michael F. Raab, CFA
Portfolio Manager, Senior Research Analyst and Associate Director of Research
Mr. Raab joined Sands Capital in 2007 as a Research Associate and was promoted to Research Analyst, Associate Director of Research, and Sr. Research Analyst. He was promoted to Portfolio Manager in 2019.
Mr. Raab has a B.A. from University of Virginia and an M.B.A. from University of Maryland.
Mr. Raab joined Sands Capital in 2007 as a Research Associate and was promoted to Research Analyst, Associate Director of Research, and Sr. Research Analyst. He was promoted to Portfolio Manager in 2019.
Mr. Raab has a B.A. from University of Virginia and an M.B.A. from University of Maryland.
![manager headshot]()
Sunil H. Thakor, CFA
Senior Portfolio Manager, Research Analyst
Mr. Thakor joined Sands Capital in 2004 as a Research Intern and was subsequently promoted to Research Analyst and Senior Portfolio Manager. Prior to joining Sands Capital, Mr. Thakor worked as an analyst for Charles River Associates, Inc. He has a BA in economics and mathematics from Colby College, an MBA from Columbia Business School, and is a CFA® charterholder.
Mr. Thakor joined Sands Capital in 2004 as a Research Intern and was subsequently promoted to Research Analyst and Senior Portfolio Manager. Prior to joining Sands Capital, Mr. Thakor worked as an analyst for Charles River Associates, Inc. He has a BA in economics and mathematics from Colby College, an MBA from Columbia Business School, and is a CFA® charterholder.
![manager headshot]()
Michael F. Raab, CFA
Portfolio Manager, Senior Research Analyst and Associate Director of Research
Mr. Raab joined Sands Capital in 2007 as a Research Associate and was promoted to Research Analyst, Associate Director of Research, and Sr. Research Analyst. He was promoted to Portfolio Manager in 2019.
Mr. Raab has a B.A. from University of Virginia and an M.B.A. from University of Maryland.
Mr. Raab joined Sands Capital in 2007 as a Research Associate and was promoted to Research Analyst, Associate Director of Research, and Sr. Research Analyst. He was promoted to Portfolio Manager in 2019.
Mr. Raab has a B.A. from University of Virginia and an M.B.A. from University of Maryland.
![manager headshot]()
Sunil H. Thakor, CFA
Senior Portfolio Manager, Research Analyst
Mr. Thakor joined Sands Capital in 2004 as a Research Intern and was subsequently promoted to Research Analyst and Senior Portfolio Manager. Prior to joining Sands Capital, Mr. Thakor worked as an analyst for Charles River Associates, Inc. He has a BA in economics and mathematics from Colby College, an MBA from Columbia Business School, and is a CFA® charterholder.
Mr. Thakor joined Sands Capital in 2004 as a Research Intern and was subsequently promoted to Research Analyst and Senior Portfolio Manager. Prior to joining Sands Capital, Mr. Thakor worked as an analyst for Charles River Associates, Inc. He has a BA in economics and mathematics from Colby College, an MBA from Columbia Business School, and is a CFA® charterholder.
Documents
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions. 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.
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.