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Harbor Global Leaders Fund (HGGAX)

Overview
Performance
Holdings
Investment Team
Documents

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%disclaimer

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%

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.”

right quote

Sunil Thakor

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

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

Global Leaders Fund

10.60%

8.79%

-14.62%

0.92%

6.16%

10.01%

13.81%

0.86%disclaimer

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.

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

12/16/2022

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 12/31/2022

Global Leaders Fund

Number of Holdings

39

Wtd Avg Market Cap ($Mil)

139462.6

Price/Book Ratio

5.08

Adjusted Trailing P/E Ratio

33.3

% EPS Growth - Past 3 Yr

19.6

Return on Equity (%)

16.65

Forecasted P/E Ratio

27.7

Top Ten Holdings

as of 12/31/2022

Company Name [Ticker]

% of Net Assets

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]

4.1

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]

3.6

% of Total Holdings:

41.0%

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 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%

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

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

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.

Documents

Additional 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.

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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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