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Harbor Global Leaders Fund (HGGAX)
Overview
Current Price
as of 1/31/2023
NAV Price | $24.76 |
NAV Daily Change ($) | $0.30 |
NAV Daily Change (%) | 1.23% |
NAV YTD Return | 8.79% |
Fund Facts
Inception Date | 3/1/2009 |
Net Expense Ratio | 0.86% |
Gross Expense Ratio | 0.95% |
Total Net Assets (million) as of 1/31/2023 | $41.219 |
Ticker | HGGAX |
Fund Number | 2030 |
Share Class | Institutional |
Top Ten Holdings
as of 12/31/2022
AIA Group Limited [1299] | 4.8% |
Roper Technologies Inc. [ROP] | 4.7% |
Visa Inc. Class A [V] | 4.5% |
Chegg Inc. [CHGG] | 4.2% |
CoStar Group Inc. [CSGP] | 4.0% |
Constellation Software Inc. [CSU] | 4.0% |
Keyence Corporation [6861] | 3.7% |
Microsoft Corporation [MSFT] | 3.7% |
Liberty Media Corp. Series C Liberty Formula One [FWONK] | 3.7% |
Charter Communications Inc. Class A [CHTR] | 3.5% |
% of Total Holdings: | 41.0% |
“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
10.60%
8.79%
-14.62%
0.92%
6.16%
10.01%
13.81%
0.86%
0.95%
MSCI All Country World (ND) Index
10.94%
7.17%
-7.99%
6.83%
5.53%
8.24%
11.53%
--
--
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
12/16/2022
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
Full Holdings
as of 12/31/2022
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
AIA Group Limited [1299]
Hong Kong
287
11.12
3,191
4.8
Roper Technologies Inc. [ROP]
United States
7
432.09
3,153
4.7
Visa Inc. Class A [V]
United States
14
207.76
2,995
4.5
Chegg Inc. [CHGG]
United States
112
25.27
2,822
4.2
CoStar Group Inc. [CSGP]
United States
35
77.28
2,695
4.1
Constellation Software Inc. [CSU]
Canada
2
1,560.18
2,629
4.0
Keyence Corporation [6861]
Japan
6
389.71
2,479
3.7
Microsoft Corporation [MSFT]
United States
10
239.82
2,472
3.7
Liberty Media Corp. Series C Liberty Formula One [FWONK]
United States
41
59.78
2,448
3.7
Charter Communications Inc. Class A [CHTR]
United States
7
339.10
2,361
3.6
IQVIA Holdings Inc [IQV]
United States
11
204.89
2,283
3.4
HDFC Bank Limited Sponsored ADR [HDB]
India
33
68.41
2,260
3.4
Rentokil Initial plc [RTO]
United Kingdom
338
6.11
2,067
3.1
Cloudflare Inc Class A [NET]
United States
44
45.21
1,982
3.0
TransDigm Group Incorporated [TDG]
United States
3
629.65
1,987
3.0
Alimentation Couche-Tard Inc. [ATD]
Canada
45
43.91
1,980
3.0
Texas Instruments Incorporated [TXN]
United States
11
165.22
1,870
2.8
Entegris Inc. [ENTG]
United States
26
65.59
1,736
2.6
STERIS Plc [STE]
United States
9
184.69
1,616
2.4
Lonza Group AG [LONN]
Switzerland
3
489.73
1,592
2.4
Shopify Inc. Class A [SHOP]
Canada
41
34.71
1,427
2.1
Zoetis Inc. Class A [ZTS]
United States
10
146.55
1,423
2.1
Sika AG [SIKA]
Switzerland
6
239.62
1,378
2.1
Aptiv PLC [APTV]
United States
15
93.13
1,362
2.1
Intercontinental Exchange Inc. [ICE]
United States
13
102.59
1,296
2.0
Adyen NV [ADYEN]
Netherlands
1
1,375.04
1,287
1.9
Allfunds Group plc [ALLFG]
Netherlands
185
6.96
1,286
1.9
UnitedHealth Group Incorporated [UNH]
United States
2
530.18
1,253
1.9
Bio-Techne Corporation [TECH]
United States
15
82.88
1,239
1.9
Recruit Holdings Co. Ltd. [6098]
Japan
38
31.66
1,205
1.8
MonotaRO Co. Ltd. [3064]
Japan
77
14.07
1,088
1.6
ServiceNow Inc. [NOW]
United States
3
388.27
990
1.5
Coupang Inc. Class A [CPNG]
United States
62
14.71
919
1.4
SiteOne Landscape Supply Inc. [SITE]
United States
7
117.32
794
1.2
Globant SA [GLOB]
Argentina
4
168.16
744
1.1
Zur Rose Group AG [ROSE]
Switzerland
14
27.63
381
0.6
Total
--
--
--
64,688
97.3
Cash and Other Assets Less Liabilities
--
--
--
--
2.7
Total Net Assets
--
--
--
--
100%
Sector Allocations
as of 12/31/2022
Economic Sector
Global Leaders Fund %
MSCI All Country World (ND) Index %
Information Technology
35.7
19.9
Industrials
14.8
9.9
Health Care
14.1
13.3
Financials
12.1
15.0
Consumer Discretionary
7.7
10.3
Communication Services
7.2
6.7
Consumer Staples
3.5
7.6
Materials
2.1
4.9
Energy
0.0
5.6
Real Estate
0.0
2.6
Utilities
0.0
3.1
Sector Returns
as of 12/31/2022
Economic Sector
Global Leaders Fund %
MSCI All Country World (ND) Index %
Financials
18.9
14.3
Industrials
12.7
17.5
Consumer Discretionary
9.1
-0.7
Health Care
7.3
13.1
Consumer Staples
5.6
11.2
Information Technology
5.4
5.8
Materials
4.4
16.2
Communication Services
2.2
2.4
Energy
0.0
17.8
[Unassigned]
0.0
43.1
Real Estate
0.0
5.9
Utilities
0.0
10.3
Top 10 Countries
as of 12/31/2022
Country
Global Leaders Fund %
MSCI All Country World (ND) Index %
United States
59.6
60.4
Canada
9.1
3.1
Japan
7.2
5.6
Switzerland
5.0
2.6
Hong Kong
4.8
0.8
Netherlands
3.9
1.1
India
3.4
1.6
United Kingdom
3.1
3.9
Argentina
1.1
--
Australia
0.0
2.0
Other
2.8
18.9
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.