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Harbor International Growth Fund (HAIGX)

Harbor International Growth Fund (HAIGX)

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Class

Detailed Fundamental Research. Baillie Gifford’s research-oriented approach is distinguished by comprehensive fundamental analysis carried out by seasoned regional and industry experts.

Long-Term View. Management’s long time horizon affords them to patience to invest in companies they believe have significant growth potential that appear early in their growth trajectory.

Investor-First Ethic. Baillie Gifford is an investor-led partnership, structured to align the entire investment team with client outcomes.

Related Funds to Consider

Overview

Investment Team
Baillie Gifford
Iain Campbell
Sophie Earnshaw
Joe Faraday
manager headshot
manager headshot

Current Price

As of 2/29/2024

$16.08

Price (NAV)

$0.06

NAV Daily Change ($)

0.37%

NAV Daily Change (%)

2.42%

NAV YTD Return

Fund Facts

As of 2/29/2024

11/1/1993

Inception Date

0.85

Net Expense Ratio
disclaimer

0.91

Gross Expense Ratio

$162.944

Total Net Assets (million)
As of 2/29/2024

HAIGX

Ticker

2017

Fund Number

Institutional Class

Share Class

Top Ten Holdings

As of 12/31/2023

Company Name [Ticker]

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR[TSM]
4.1
ASML Holding NV[ASML]
2.8
Atlas Copco AB Class A[ATCO.A]
2.8
MercadoLibre Inc.[MELI]
2.5
United Overseas Bank Limited[U11]
2.4
Shopify Inc. Class A[SHOP]
2.3
Auto Trader Group PLC[AUTO]
2.2
Investor AB Class B[INVE.B]
2.1
Prosus N.V. Class N[PRX]
2.1
Experian PLC[EXPN]
1.9
% of Total Holdings:
25.2%

“We care about the likely long-term growth of company earnings. It is this above all else that drives long term share price developments.”

Iain Campbell

Investment Manager, Baillie Gifford Overseas Limited

Performance

Total Returns

Month-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

International Growth Fund
8.33%
2.42%
7.75%
-7.88%
4.43%
3.73%
3.71%
0.85%disclaimer
0.91%
MSCI All Country World Ex. US (ND) Index
--
--
--
--
--
--
--
--
--

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 Ex. US (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global developed and emerging markets, excluding the U.S. 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

12/18/2023
12/19/2023
12/19/2023
0.00000
0.03833
0.00000
--
0.00000
--
0.03833
0.03249
15.58
12/16/2022
12/19/2022
12/19/2022
0.00000
--
0.00000
--
0.00000
--
0.00000
0.03571
14.31
12/17/2021
12/20/2021
12/20/2021
0.00000
0.11909
1.73329
0.06032
0.00000
1.67297
1.85238
0.02830
20.25
12/16/2020
12/17/2020
12/17/2020
0.00000
0.13497
0.00000
0.00000
0.00000
0.00000
0.13497
0.01526
22.18
12/13/2019
12/16/2019
12/16/2019
0.00000
0.30536
0.00000
0.00000
0.00000
0.00000
0.30536
0.01911
16.95
12/14/2018
12/17/2018
12/17/2018
0.00000
0.09924
0.00000
0.00000
0.00000
0.00000
0.09924
0.01848
12.93
12/15/2017
12/18/2017
12/18/2017
0.00000
0.17793
0.00000
0.00000
0.00000
0.00000
0.17793
0.01987
15.64
12/16/2016
12/19/2016
12/19/2016
0.00000
0.16505
0.00000
0.00000
0.00000
0.00000
0.16505
0.02236
12.13
12/16/2015
12/17/2015
12/17/2015
0.00000
0.12538
0.00000
0.00000
0.00000
0.00000
0.12538
0.01435
12.23
12/17/2014
12/18/2014
12/18/2014
0.00000
0.18956
0.00000
0.00000
0.00000
0.00000
0.18956
0.01800
12.33
12/16/2013
12/17/2013
12/17/2013
0.00000
0.18605
0.00000
0.00000
0.00000
0.00000
0.18605
0.02506
12.48
12/14/2012
12/17/2012
12/17/2012
0.00000
0.70388
0.00000
0.00000
0.00000
0.00000
0.70388
0.11764
11.38
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
10.24
12/16/2010
12/17/2010
12/17/2010
0.00000
0.22421
0.00000
0.00000
0.00000
0.00000
0.22421
0.02239
12.12
12/17/2009
12/18/2009
12/18/2009
0.00000
0.10485
0.00000
0.00000
0.00000
0.00000
0.10485
0.01716
10.81
12/18/2008
12/19/2008
12/19/2008
0.00000
0.09329
0.00000
0.00000
0.00000
0.00000
0.09329
0.01464
7.88
12/18/2007
12/19/2007
12/19/2007
0.00000
0.19266
0.00000
0.00000
0.00000
0.00000
0.19266
0.02073
15.60
12/18/2006
12/19/2006
12/19/2006
0.00000
0.03640
0.00000
0.00000
0.00000
0.00000
0.03640
0.00568
13.29
12/19/2005
12/20/2005
12/20/2005
0.00000
0.03432
0.00000
0.00000
0.00000
0.00000
0.03432
0.00498
10.80
12/29/2004
12/30/2004
12/30/2004
0.00000
0.07157
0.00000
0.00000
0.00000
0.00000
0.07157
0.02024
9.19
12/29/2003
12/30/2003
12/30/2003
0.00000
0.07865
0.00000
0.00000
0.00000
0.00000
0.07865
0.02117
8.33
12/27/2002
12/30/2002
12/30/2002
0.00000
0.03159
0.00000
0.00000
0.00000
0.00000
0.03159
0.01605
6.58
12/26/2001
12/27/2001
12/28/2001
0.00000
0.00145
0.00000
0.00000
0.00000
0.00000
0.00145
0.01943
8.71
12/20/2000
12/21/2000
12/22/2000
0.00000
0.00434
1.82147
0.90543
0.00000
0.91604
1.82581
0.02804
13.69
12/21/1999
12/22/1999
12/23/1999
0.00000
0.13804
1.37768
0.10944
0.00000
1.26824
1.51572
0.04572
21.17
12/28/1998
12/29/1998
12/31/1998
0.00000
0.11034
0.27256
0.00000
0.00000
0.27256
0.38290
0.03004
19.63
12/24/1997
12/26/1997
12/31/1997
0.00000
0.12252
0.59231
0.00000
0.22839
0.36392
0.71483
0.02735
15.77
12/24/1996
12/26/1996
12/31/1996
0.00000
0.07968
0.36269
0.05239
0.00000
0.31030
0.44237
0.01746
15.95
12/22/1995
12/26/1995
12/29/1995
0.00000
0.10895
0.00000
0.00000
0.00000
0.00000
0.10895
0.01979
12.49
6/23/1995
6/26/1995
6/30/1995
0.00000
0.01316
0.00000
0.00000
0.00000
0.00000
0.01316
0.01886
11.50
12/23/1994
12/27/1994
12/30/1994
0.00000
0.06426
0.00000
0.00000
0.00000
0.00000
0.06426
0.00021
10.01
12/23/1993
12/27/1993
12/31/1993
0.00000
0.00597
0.00000
0.00000
0.00000
0.00000
0.00597
0.00000
11.15

Holdings

Portfolio Characteristics

As of 12/31/2023

83

Number of Holdings

80910.4

Wtd Avg Market Cap ($Mil)

4.83

Price/Book Ratio

26.3

Adjusted Trailing P/E Ratio

17.9

% EPS Growth - Past 3 Yr

19.94

Return on Equity (%)

26

Forecasted P/E Ratio

Top Ten Holdings

As of 12/31/2023

Company Name [Ticker]

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR[TSM]
4.1
ASML Holding NV[ASML]
2.8
Atlas Copco AB Class A[ATCO.A]
2.8
MercadoLibre Inc.[MELI]
2.5
United Overseas Bank Limited[U11]
2.4
Shopify Inc. Class A[SHOP]
2.3
Auto Trader Group PLC[AUTO]
2.2
Investor AB Class B[INVE.B]
2.1
Prosus N.V. Class N[PRX]
2.1
Experian PLC[EXPN]
1.9
% of Total Holdings:
25.2%

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 12/31/2023

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]
115
104.00
11,969
4.1
ASML Holding NV [ASML]
11
753.04
8,119
2.8
Atlas Copco AB Class A [ATCO.A]
468
17.22
8,062
2.8
MercadoLibre Inc. [MELI]
5
1,571.54
7,193
2.5
United Overseas Bank Limited [U11]
323
21.57
6,975
2.4
Shopify Inc. Class A [SHOP]
85
77.90
6,607
2.3
Auto Trader Group PLC [AUTO]
694
9.20
6,385
2.2
Investor AB Class B [INVE.B]
266
23.17
6,161
2.1
Prosus N.V. Class N [PRX]
204
29.81
6,083
2.1
Experian PLC [EXPN]
132
40.82
5,396
1.9
Mettler-Toledo International Inc. [MTD]
4
1,212.96
5,418
1.9
Sartorius AG Pref [SRT3]
15
368.07
5,390
1.8
Compagnie Financiere Richemont SA [CFR]
39
137.53
5,335
1.8
SMC Corporation [6273]
10
537.38
5,309
1.8
LVMH Moet Hennessy Louis Vuitton SE [MC]
6
810.37
5,000
1.7
Murata Manufacturing Co. Ltd. [6981]
227
21.23
4,821
1.7
Techtronic Industries Co. Ltd. [669]
394
11.92
4,693
1.6
Jeronimo Martins SGPS S.A. [JMT]
183
25.45
4,650
1.6
Rightmove plc [RMV]
630
7.34
4,624
1.6
Raia Drogasil S.A. [RADL3]
758
6.05
4,589
1.6
Anheuser-Busch InBev SA/NV [ABI]
70
64.53
4,507
1.5
Air Liquide SA [AI]
23
194.55
4,393
1.5
IMCD N.V. [IMCD]
25
174.04
4,383
1.5
Olympus Corp. [7733]
297
14.47
4,306
1.5
EXOR N.V. [EXO]
43
99.97
4,253
1.5
HDFC Bank Limited [500180]
208
20.54
4,265
1.5
AIA Group Limited [1299]
486
8.71
4,235
1.5
Xero Limited [XRO]
55
76.63
4,208
1.4
Shiseido CompanyLimited [4911]
134
30.16
4,051
1.4
Tokyo Electron Ltd. [8035]
23
179.14
4,066
1.4
Ashtead Group plc [AHT]
56
69.63
3,883
1.3
Weir Group PLC [WEIR]
161
24.05
3,876
1.3
Keyence Corporation [6861]
9
440.63
3,763
1.3
Spotify Technology SA [SPOT]
20
187.91
3,759
1.3
Epiroc AB Class B [EPI.B]
211
17.50
3,699
1.3
Games Workshop Group PLC [GAW]
30
125.82
3,716
1.3
Sysmex Corporation [6869]
67
55.74
3,726
1.3
Adyen NV [ADYEN]
3
1,288.68
3,670
1.3
Canadian Pacific Kansas City Limited [CP]
46
79.51
3,675
1.3
Reliance Industries Limited [500325]
118
31.06
3,656
1.3
COSMOS Pharmaceutical Corporation [3349]
31
115.51
3,616
1.2
Fomento Economico Mexicano SAB de CV Sponsored ADR Class B [FMX]
27
130.35
3,539
1.2
Remy Cointreau SA [RCO]
27
127.03
3,484
1.2
Wise PLC Class A [WISE]
309
11.14
3,437
1.2
Recruit Holdings Co. Ltd. [6098]
81
42.30
3,405
1.2
Alibaba Group Holding Limited [9988]
351
9.68
3,399
1.2
Unicharm Corporation [8113]
91
36.16
3,298
1.1
Nippon Paint Holdings Co. Ltd. [4612]
396
8.09
3,201
1.1
Shimano Inc. [7309]
20
154.88
3,110
1.1
Ryanair Holdings Plc Sponsored ADR [RYAAY]
23
133.36
3,038
1.0
Wal-Mart de Mexico SAB de CV [WALMEX]
698
4.23
2,950
1.0
Nemetschek SE [NEM]
33
86.69
2,882
1.0
United Spirits Limited [532432]
216
13.43
2,902
1.0
Hong Kong Exchanges & Clearing Ltd. [388]
83
34.32
2,842
1.0
BHP Group Ltd [BHP]
80
34.40
2,741
0.9
DSV A/S [DSV]
15
175.67
2,702
0.9
Trainline Plc [TRN]
602
4.10
2,469
0.9
Intertek Group plc [ITRK]
44
54.13
2,400
0.8
LY Corporation [4689]
672
3.54
2,382
0.8
Kering SA [KER]
5
440.76
2,330
0.8
adidas AG [ADS]
11
203.43
2,306
0.8
Hargreaves Lansdown plc [HL]
242
9.36
2,265
0.8
MakeMyTrip Ltd. [MMYT]
47
46.98
2,217
0.8
Lonza Group AG [LONN]
5
420.25
2,108
0.7
Baidu Inc. Class A [9888]
136
14.87
2,025
0.7
Cochlear Limited [COH]
10
203.80
1,952
0.7
Burberry Group plc [BRBY]
105
18.05
1,903
0.7
Topicus.com Inc. [TOI]
27
67.68
1,836
0.6
BeiGene Ltd [6160]
128
14.10
1,808
0.6
Coupang Inc. Class A [CPNG]
106
16.19
1,713
0.6
Ping An Insurance (Group) Company of China Ltd. Class H [2318]
373
4.53
1,687
0.6
Soitec SA [SOI]
9
178.73
1,685
0.6
Kao Corp. [4452]
33
41.14
1,347
0.5
Li Ning Company Limited [2331]
383
2.68
1,025
0.4
Sugi Holdings Co. Ltd. [7649]
14
45.98
640
0.2
Jio Financial Services Limited [543940]
110
2.80
309
0.1
Total
--
--
--
291,305
100.5
Cash and Other Assets Less Liabilities
--
--
--
--
-0.5
Total Net Assets
--
--
--
--
100%

As of 12/31/2023

International Growth Fund (HIIGX)

MSCI All Country World Ex. US (ND) Index

-

Industrials

HIIGX: 19.2%

Benchmark: 13.3%

-

Information Technology

HIIGX: 17.1%

Benchmark: 12.3%

-

Consumer Discretionary

HIIGX: 16.4%

Benchmark: 11.4%

-

Financials

HIIGX: 13.7%

Benchmark: 21.3%

-

Consumer Staples

HIIGX: 13.5%

Benchmark: 8.0%

-

Health Care

HIIGX: 8.4%

Benchmark: 9.2%

-

Communication Services

HIIGX: 6.6%

Benchmark: 5.2%

-

Materials

HIIGX: 3.5%

Benchmark: 7.9%

-

Energy

HIIGX: 1.3%

Benchmark: 5.6%

-

Real Estate

HIIGX: 0.0%

Benchmark: 2.1%

-

Utilities

HIIGX: 0.0%

Benchmark: 3.2%

HIIGX: International Growth Fund

Benchmark: MSCI All Country World Ex. US (ND) Index

As of 12/31/2023

Economic Sector

International Growth Fund %

MSCI All Country World Ex. US (ND) Index %

Information Technology

Economic sector icon
22.6
20.0

Materials

Economic sector icon
17.6
12.8

Industrials

Economic sector icon
15.0
12.7

Communication Services

Economic sector icon
11.2
4.7

Financials

Economic sector icon
10.8
10.1

Energy

Economic sector icon
10.0
2.3

Health Care

Economic sector icon
9.2
5.2

Consumer Staples

Economic sector icon
7.1
5.6

Consumer Discretionary

Economic sector icon
3.8
5.7

Utilities

Economic sector icon
0.0
13.6

Real Estate

Economic sector icon
0.0
11.1

[Unassigned]

0.0
-7.2

As of 12/31/2023

Country

International Growth Fund %

MSCI All Country World Ex. US (ND) Index %

Japan
17.5
14.4
United Kingdom
13.8
9.5
Netherlands
9.1
3.0
United States
6.2
0.0
Sweden
6.1
2.1
France
5.8
7.8
India
4.6
4.7
Canada
4.2
7.7
Taiwan
4.1
4.5
Hong Kong
4.0
1.4
Other
24.6
44.9

Investment Team


Baillie Gifford

Baillie Gifford Overseas Limited is one of the UK’s largest independent investment management firms and is wholly owned by the current partners, the people who invest for and look after their clients. Investment management is their core business and they advise for a global client base across specialist equity, fixed income and multi-asset portfolios.

Baillie Gifford puts their clients’ interests above all else. They are able do this because they are an independent partnership and therefore do not have the distraction of outside shareholders. This means the firm is able to focus all of their resources on providing excellent investment returns and outstanding service for clients.

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.

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.

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.

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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.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.