Financials
HAINX
26.3%
Benchmark
26.3%
Harbor International Fund (HAINX)
NAV as of 10/19/2026
$59.72
NAV Daily Change
-$0.26 ↓
NAV YTD Return
8.86% ↑
Net Expense Ratio (%)
0.80
Total Net Assets (million) as of 9/30/2026
$3,814.18
Total Share Class Net Assets (million)
$2,820.81
- Broad Exposure. The fund’s diversified all-cap approach means it can serve as a stand-alone fund for gaining exposure to international stocks.
- Fundamentally Driven. Marathon’s capital cycle approach is grounded in enduring investment principles. Fundamental research drives investment decisions, which aims to create a portfolio with meaningful active positions relative to the benchmark.
- Distinctive Team Structure. Each PM at Marathon is an experienced regional specialist and manages his sleeve independently. This reduces key man risk, guards against group think, and allows diverse investment opinions to be expressed across the portfolio.
Related Products to Consider
“In the long-run, the intensity of competition, rather than the growth of an industry, is what ultimately determines the investment outcome.”
Charles Carter
Managing Director and Portfolio Manager, Europe
Performance
Select an option
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
12/17/2025
12/18/2025
12/18/2025
0.00000
1.95648
0.00000
--
0.00000
--
1.95648
0.09773
54.58
12/18/2024
12/19/2024
12/19/2024
0.00000
1.70875
0.00000
--
0.00000
--
1.70875
0.09568
44.10
12/17/2023
12/18/2023
12/18/2023
0.00000
1.56582
0.00000
--
0.00000
--
1.56582
0.08853
43.29
12/15/2022
12/18/2022
12/18/2022
0.00000
1.30783
0.00000
--
0.00000
--
1.30783
0.00000
38.68
12/16/2021
12/19/2021
12/19/2021
0.00000
1.01357
0.00000
--
0.00000
--
1.01357
0.07776
45.46
12/15/2020
12/16/2020
12/16/2020
0.00000
0.46148
0.00000
0.00000
0.00000
0.00000
0.46148
0.07883
43.88
12/12/2019
12/15/2019
12/15/2019
0.00000
1.24858
0.00000
0.00000
0.00000
0.00000
1.24858
0.12363
40.14
12/13/2018
12/16/2018
12/16/2018
0.00000
0.82960
20.86815
0.00000
0.00000
20.86815
21.69775
0.22951
33.78
12/14/2017
12/17/2017
12/17/2017
0.00000
1.24034
2.99764
0.00000
0.00000
2.99764
4.23798
0.11794
67.12
12/15/2016
12/18/2016
12/18/2016
0.00000
1.16303
0.00000
0.00000
0.00000
0.00000
1.16303
0.09833
58.20
12/15/2015
12/16/2015
12/16/2015
0.00000
1.08101
1.77257
0.00000
0.00000
1.77257
2.85358
0.08429
58.99
12/16/2014
12/17/2014
12/17/2014
0.00000
1.41848
0.00000
0.00000
0.00000
0.00000
1.41848
0.07359
65.81
12/15/2013
12/16/2013
12/16/2013
0.00000
1.49528
0.00000
0.00000
0.00000
0.00000
1.49528
0.08165
67.62
12/13/2012
12/16/2012
12/16/2012
0.00000
1.25643
0.00000
0.00000
0.00000
0.00000
1.25643
0.14974
61.27
12/14/2011
12/15/2011
12/15/2011
0.00000
1.31560
0.00000
0.00000
0.00000
0.00000
1.31560
0.17522
50.66
12/15/2010
12/16/2010
12/16/2010
0.00000
0.87167
0.00000
0.00000
0.00000
0.00000
0.87167
0.13258
59.15
12/16/2009
12/17/2009
12/17/2009
0.00000
0.70484
0.00000
0.00000
0.00000
0.00000
0.70484
0.11336
53.48
12/17/2008
12/18/2008
12/18/2008
0.00000
0.77735
0.00000
0.00000
0.00000
0.00000
0.77735
0.19041
39.05
12/17/2007
12/18/2007
12/18/2007
0.00000
1.05527
3.02183
0.34462
0.00000
2.67721
4.07710
0.14071
69.04
12/17/2006
12/18/2006
12/18/2006
0.00000
1.46093
1.88471
0.00000
0.00000
1.88471
3.34564
0.10523
61.04
12/18/2005
12/19/2005
12/19/2005
0.00000
1.03063
1.22051
0.00000
0.00000
1.22051
2.25114
0.07827
48.73
12/28/2004
12/29/2004
12/29/2004
0.00000
0.55524
0.14616
0.00000
0.00000
0.14616
0.70140
0.09876
42.76
12/28/2003
12/29/2003
12/29/2003
0.00000
0.50578
0.55692
0.03901
0.00000
0.51791
1.06270
0.07268
36.54
12/26/2002
12/29/2002
12/29/2002
0.00000
0.33594
0.53886
0.04311
0.00000
0.49575
0.87480
0.06104
26.69
12/25/2001
12/26/2001
12/27/2001
0.00000
0.26688
0.88186
0.00000
0.00000
0.88186
1.14874
0.11084
29.33
12/19/2000
12/20/2000
12/21/2000
0.00000
0.70766
3.79229
0.03436
0.00000
3.75793
4.49995
0.13765
33.66
12/20/1999
12/21/1999
12/22/1999
0.00000
0.64848
2.86003
0.21616
0.00000
2.64387
3.50851
0.12059
40.44
12/27/1998
12/28/1998
12/30/1998
0.00000
0.57892
2.30081
0.39990
0.00000
1.90091
2.87973
0.09880
37.02
12/23/1997
12/25/1997
12/30/1997
0.00000
0.40207
0.89753
0.00620
0.57590
0.31543
1.29960
0.08812
35.10
12/23/1996
12/25/1996
12/30/1996
0.00000
0.41813
0.79650
0.16255
0.00000
0.63395
1.21463
0.08353
31.51
12/21/1995
12/25/1995
12/28/1995
0.00000
0.40631
0.12780
0.01756
0.00000
0.11024
0.53411
0.07427
27.68
12/22/1994
12/26/1994
12/29/1994
0.00000
0.24677
0.93678
0.19100
0.00000
0.74578
1.18355
0.06892
24.31
12/22/1993
12/26/1993
12/30/1993
0.00000
0.21245
0.00000
0.00000
0.00000
0.00000
0.21245
0.04211
24.34
12/23/1992
12/27/1992
12/30/1992
0.00000
0.21765
0.17891
0.07245
0.00000
0.10646
0.39656
0.03544
16.93
12/25/1991
12/26/1991
12/30/1991
0.00000
0.21119
0.00000
0.00000
0.00000
0.00000
0.21119
0.03169
17.00
12/23/1990
12/25/1990
12/30/1990
0.00000
0.33859
0.34342
0.00369
0.00000
0.33973
0.68201
0.00000
14.33
12/20/1989
12/21/1989
12/29/1989
0.00000
0.16964
0.72455
0.35871
0.00000
0.36584
0.89419
0.00000
16.37
12/22/1988
12/26/1988
12/29/1988
0.00000
0.10276
0.75981
0.62003
0.00000
0.13978
0.86257
0.00000
12.78
Holdings
As of 9/30/2026
Download: Full Holdings (csv)
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
ASML Holding NV [ASML]
60
1,813.73
108,934
2.9
Rolls-Royce Holdings plc [RR]
4,381
19.42
85,069
2.2
UniCredit S.p.A. [UCG]
784
94.16
73,795
1.9
Barclays PLC [BARC]
11,263
6.08
68,462
1.8
CaixaBank SA [CABK]
4,679
14.32
67,021
1.8
BP PLC [BP]
8,853
7.30
64,612
1.7
3i Group plc [III]
1,754
34.86
61,141
1.6
Standard Chartered PLC [STAN]
2,000
30.53
61,059
1.6
Schneider Electric SE [SU]
180
331.67
59,558
1.6
Glencore plc [GLEN]
7,823
7.38
57,699
1.5
ArcelorMittal SA [MT]
741
67.42
49,959
1.3
AIA Group Limited [1299]
5,228
9.38
49,041
1.3
Compagnie Financiere Richemont SA [CFR]
224
214.50
47,968
1.3
Sumitomo Mitsui Trust Group Inc. [8309]
3,955
11.35
44,906
1.2
Bank of Ireland Group Plc [BIRG]
1,987
22.53
44,764
1.2
BAE Systems plc [BA]
1,646
26.00
42,794
1.1
DNB Bank ASA [DNB]
1,207
32.94
39,748
1.0
Sumitomo Metal Mining Co. Ltd. [5713]
620
63.07
39,118
1.0
Tokio Marine Holdings Inc. [8766]
11,331
3.42
38,759
1.0
Resona Holdings Inc. [8308]
2,231
16.22
36,197
0.9
Novo Nordisk A/S Class B [NOVO.B]
938
38.47
36,103
0.9
Sony Group Corporation [6758]
1,504
23.92
35,979
0.9
NTT Inc [9432]
32,582
1.09
35,581
0.9
BHP Group Ltd [BHP]
834
42.31
35,286
0.9
Lloyds Banking Group plc [LLOY]
23,731
1.42
33,700
0.9
Vestas Wind Systems A/S [VWS]
1,089
29.80
32,454
0.8
Compass Group PLC [CPG]
1,098
29.48
32,369
0.8
RELX PLC [REL]
975
33.16
32,318
0.8
Japan Post Bank Co. Ltd. [7182]
1,436
22.29
32,012
0.8
DBS Group Holdings Ltd [D05]
518
60.68
31,408
0.8
Bridgestone Corporation [5108]
1,271
24.63
31,304
0.8
ASSA ABLOY AB Class B [ASSA.B]
850
35.64
30,306
0.8
Olympus Corp. [7733]
2,309
12.82
29,597
0.8
Intertek Group plc [ITRK]
365
77.98
28,452
0.7
Taiwan Semiconductor Manufacturing Co. Ltd. [2330]
364
77.92
28,392
0.7
CSL Limited [CSL]
220
128.16
28,167
0.7
Carlsberg AS Class B [CARL.B]
217
129.42
28,134
0.7
Geberit AG [GEBN]
42
653.45
27,440
0.7
Diageo plc [DGE]
1,265
21.57
27,291
0.7
Iberdrola SA [IBE]
1,156
23.41
27,058
0.7
Eurofins Scientific SE [ERF]
315
85.19
26,850
0.7
Mitsubishi UFJ Financial Group Inc. [8306]
1,129
23.55
26,591
0.7
Bunzl plc [BNZL]
752
34.70
26,078
0.7
Nomura Holdings Inc. [8604]
2,617
9.87
25,833
0.7
Reckitt Benckiser Group plc [RKT]
379
66.32
25,120
0.7
InterContinental Hotels Group PLC [IHG]
151
161.55
24,324
0.6
Prudential plc [PRU]
1,921
12.37
23,773
0.6
CNH Industrial NV [CNH]
1,818
12.85
23,365
0.6
Edenred SA [EDEN]
726
31.34
22,746
0.6
Hiscox Ltd [HSX]
922
24.63
22,700
0.6
Davide Campari-Milano N.V. [CPR]
3,198
6.96
22,260
0.6
Sampo Oyj [SAMPO]
2,218
9.92
21,995
0.6
Demant A/S [DEMANT]
462
47.10
21,762
0.6
Santos Limited [STO]
3,588
6.00
21,518
0.6
DCC Energy Plc [DCC]
250
85.42
21,358
0.6
Sandvik AB [SAND]
565
37.66
21,284
0.6
JAPAN POST HOLDINGS Co. Ltd. [6178]
1,305
16.15
21,067
0.6
Hannover Rueck SE [HNR1]
70
286.69
20,036
0.5
Svenska Handelsbanken AB Class A [SHB.A]
1,288
15.49
19,949
0.5
British American Tobacco p.l.c. [BATS]
362
54.85
19,874
0.5
Equinor ASA [EQNR]
477
41.67
19,858
0.5
Koninklijke Ahold Delhaize N.V. [AD]
547
36.18
19,800
0.5
Shiseido CompanyLimited [4911]
864
22.18
19,171
0.5
adidas AG [ADS]
116
165.04
19,121
0.5
Brenntag SE [BNR]
284
67.22
19,106
0.5
easyJet plc [EZJ]
2,094
9.00
18,852
0.5
Asahi Group Holdings Ltd [2502]
1,860
10.13
18,828
0.5
ZOZO Inc. [3092]
2,648
6.85
18,140
0.5
Daiwa House Industry Co. Ltd. [1925]
1,297
13.98
18,131
0.5
ANDRITZ AG [ANDR]
189
94.96
17,990
0.5
Legrand SA [LR]
110
160.84
17,767
0.5
GEA Group Aktiengesellschaft [G1A]
235
75.31
17,727
0.5
Serco Group plc [SRP]
5,129
3.39
17,390
0.5
Siemens Healthineers AG [SHL]
401
43.13
17,297
0.5
Novonesis A/S Class B [NSIS.B]
270
63.74
17,217
0.5
Admiral Group plc [ADM]
358
48.04
17,210
0.5
SalMar ASA [SALM]
287
59.66
17,097
0.4
Alcon AG [ALC]
262
64.65
16,928
0.4
Alfa Laval AB [ALFA]
299
56.04
16,740
0.4
Mitsubishi Electric Corp. [6503]
504
33.12
16,685
0.4
Samsonite Group S.A. [1910]
10,226
1.62
16,525
0.4
QBE Insurance Group Limited [QBE]
1,009
16.25
16,391
0.4
Holcim Ltd [HOLN]
201
79.79
16,044
0.4
Samsung Electronics Co. Ltd. [005930]
80
198.37
15,885
0.4
SSP Group Plc [SSPG]
6,234
2.54
15,826
0.4
Wartsila Oyj Abp [WRT1V]
490
31.94
15,635
0.4
Wienerberger AG [WIE]
805
19.38
15,593
0.4
USS Co. Ltd. [4732]
1,328
11.42
15,166
0.4
Murata Manufacturing Co. Ltd. [6981]
303
49.96
15,139
0.4
ConvaTec Group Plc [CTEC]
5,203
2.88
14,998
0.4
Experian PLC [EXPN]
456
32.75
14,929
0.4
Hitachi Ltd. [6501]
424
34.93
14,801
0.4
Aristocrat Leisure Limited [ALL]
355
41.41
14,699
0.4
DOWA HOLDINGS CO. LTD. [5714]
257
57.14
14,695
0.4
IG Group Holdings plc [IGG]
830
17.60
14,602
0.4
Technip Energies NV [TE]
449
32.42
14,567
0.4
Coloplast A/S Class B [COLO.B]
229
63.50
14,542
0.4
Obayashi Corporation [1802]
746
19.14
14,279
0.4
Oracle Corporation Japan [4716]
232
61.14
14,204
0.4
Hong Kong Exchanges & Clearing Ltd. [388]
283
49.42
13,986
0.4
Taiheiyo Cement Corporation [5233]
535
26.14
13,983
0.4
East Japan Railway Company [9020]
652
21.32
13,900
0.4
Rightmove plc [RMV]
2,321
5.94
13,783
0.4
Komatsu Ltd. [6301]
282
48.58
13,703
0.4
MediaTek Inc [2454]
88
154.57
13,664
0.4
Fluidra S.A. [FDR]
680
20.08
13,653
0.4
Rexel SA [RXL]
340
40.05
13,613
0.4
Bakkafrost P/F [BAKKA]
297
45.69
13,554
0.4
Kirin Holdings Co. Ltd. [2503]
738
18.16
13,410
0.4
Coca-Cola Europacific Partners plc [CCEP]
131
101.71
13,301
0.3
Jardine Matheson Holdings Limited [J36]
247
53.32
13,143
0.3
Entain PLC [ENT]
2,333
5.54
12,926
0.3
Nintendo Co. Ltd. [7974]
255
50.56
12,871
0.3
Sega Sammy Holdings Inc. [6460]
599
21.17
12,685
0.3
ABC-MART INC. [2670]
728
17.34
12,632
0.3
EssilorLuxottica SA [EL]
75
165.38
12,350
0.3
Techtronic Industries Co. Ltd. [669]
737
16.44
12,116
0.3
Toyo Seikan Group Holdings Ltd. [5901]
429
28.19
12,083
0.3
TBS HOLDINGS INC. [9401]
324
36.19
11,737
0.3
West Japan Railway Company [9021]
616
18.72
11,524
0.3
CK Hutchison Holdings Ltd [1]
1,292
8.75
11,304
0.3
Idemitsu Kosan Co. Ltd. [5019]
1,082
10.12
10,952
0.3
Alten SA [ATE]
115
93.14
10,729
0.3
NEC Corporation [6701]
344
30.29
10,415
0.3
Elis SA [ELIS]
424
24.44
10,354
0.3
NH Foods Ltd. [2282]
819
12.64
10,354
0.3
Mitsubishi Corporation [8058]
340
30.35
10,307
0.3
Shinhan Financial Group Co. Ltd. [055550]
129
78.39
10,086
0.3
IHI Corporation [7013]
571
17.13
9,782
0.3
Autotrader Group PLC [AUTO]
1,613
6.02
9,705
0.3
ENEOS Holdings Inc. [5020]
1,040
8.82
9,170
0.2
bioMerieux SA [BIM]
103
88.31
9,117
0.2
Nippon Television Holdings Inc. [9404]
499
17.69
8,825
0.2
Inpex Corporation [1605]
375
23.34
8,747
0.2
Henderson Land Development Co. Ltd. [12]
2,515
3.41
8,570
0.2
Secom Co. Ltd. [9735]
217
39.42
8,546
0.2
Capitec Limited [CPI]
32
265.03
8,391
0.2
Scout24 SE [G24]
110
76.10
8,345
0.2
Tsumura & Co. [4540]
344
24.09
8,296
0.2
Seven & I Holdings Co. Ltd. [3382]
642
12.75
8,186
0.2
Nitori Holdings Co. Ltd. [9843]
425
18.71
7,948
0.2
IPH Ltd. [IPH]
3,329
2.37
7,875
0.2
Prio SA [PRIO3]
667
11.77
7,857
0.2
AGC Inc. [5201]
214
36.57
7,838
0.2
Mitsubishi Motors Corporation [7211]
3,505
2.23
7,831
0.2
Newmont Corporation Registered Chess Depositary Interests Repr 1 Sh [NEM]
67
116.49
7,827
0.2
Mitsubishi Logistics Corporation [9301]
825
9.43
7,778
0.2
Inchcape plc [INCH]
777
9.94
7,721
0.2
WH Smith PLC [SMWH]
1,483
5.19
7,694
0.2
Southern Copper Corporation [SCCO]
38
202.64
7,656
0.2
National Bank of Greece S.A. [ETE]
369
20.27
7,473
0.2
ASMPT Limited [522]
362
20.39
7,385
0.2
Galaxy Entertainment Group Limited [27]
1,825
4.03
7,354
0.2
Irish Continental Group PLC [IR5B]
803
9.02
7,246
0.2
Reliance Worldwide Corp. Ltd. [RWC]
2,196
3.30
7,240
0.2
Befesa SA [BFSA]
183
39.36
7,207
0.2
ALS Ltd. [ALQ]
488
14.51
7,078
0.2
Whitbread PLC [WTB]
223
31.70
7,071
0.2
Barratt Redrow plc [BTRW]
1,583
4.41
6,985
0.2
Ship Healthcare Holdings Inc. [3360]
448
15.58
6,975
0.2
Sysmex Corporation [6869]
571
11.74
6,706
0.2
ITV PLC [ITV]
7,384
0.90
6,646
0.2
Toyo Suisan Kaisha Ltd. [2875]
109
61.02
6,633
0.2
Swire Pacific Limited Class A [19]
499
13.10
6,531
0.2
Millicom International Cellular SA [TIGO]
75
87.14
6,525
0.2
Pets At Home Group Plc [PETS]
2,233
2.89
6,462
0.2
Sika AG [SIKA]
28
220.37
6,252
0.2
Bayerische Motoren Werke AG [BMW]
98
62.84
6,186
0.2
Orora Limited [ORA]
6,293
0.97
6,129
0.2
TGS ASA [TGS]
423
14.12
5,981
0.2
Taisei Corporation [1801]
74
78.47
5,820
0.2
Kubota Corporation [6326]
330
17.59
5,802
0.2
Viscofan S.A. [VIS]
96
60.43
5,794
0.2
Copa Holdings S.A. Class A [CPA]
44
131.85
5,783
0.2
Itausa SA Non-Cum Perp Pfd Registered Shs [ITSA4]
2,014
2.82
5,684
0.1
China Resources Land Limited [1109]
1,441
3.89
5,614
0.1
Dassault Systemes SE [DSY]
239
23.27
5,557
0.1
Amplifon SpA [AMP]
404
13.74
5,549
0.1
Acerinox SA [ACX]
279
19.72
5,504
0.1
Kinden Corporation [1944]
124
43.52
5,397
0.1
Qantas Airways Limited [QAN]
830
6.36
5,277
0.1
Delta Electronics Inc. [2308]
87
59.38
5,190
0.1
MEGMILK SNOW BRAND Co. Ltd. [2270]
229
22.31
5,099
0.1
HDFC Bank Limited [500180]
688
7.40
5,090
0.1
Seria Co. Ltd. [2782]
170
29.62
5,039
0.1
Michael Page PLC [PAGE]
1,775
2.79
4,956
0.1
Rathbones Group PLC [RAT]
234
20.64
4,828
0.1
Marico Limited [531642]
551
8.20
4,523
0.1
Hakuhodo Dy Holdings Incorporated [2433]
545
8.29
4,523
0.1
Arca Continental SAB de CV [AC]
411
10.76
4,422
0.1
Grupo Financiero Banorte SAB de CV Class O [GFNORTEO]
418
10.57
4,417
0.1
Nikon Corp. [7731]
358
12.33
4,409
0.1
Naspers Limited Class N [NPN]
100
42.69
4,268
0.1
Laureate Education Inc. [LAUR]
111
38.16
4,239
0.1
Daiei Kankyo Co. Ltd. [9336]
182
22.88
4,157
0.1
Treasury Wine Estates Limited [TWE]
1,084
3.80
4,119
0.1
Jupiter Fund Management plc [JUP]
1,772
2.30
4,081
0.1
PT Bank Central Asia Tbk [BBCA]
11,670
0.34
3,966
0.1
Kanadevia Corporation [7004]
526
7.46
3,924
0.1
Fuyao Glass Industry Group Co. Ltd. Class H [3606]
538
6.96
3,744
0.1
Silergy Corp. [6415]
280
12.85
3,597
0.1
Empresa Nacional de Telecomunicaciones S.A. [ENTEL]
859
4.07
3,497
0.1
Eneva S.A. [ENEV3]
638
5.39
3,437
0.1
AVI Limited Class Y [AVI]
682
4.95
3,376
0.1
ARCHION Corporation [543A]
1,811
1.81
3,284
0.1
Cemex SAB de CV Sponsored ADR [CX]
345
9.51
3,283
0.1
Compania de Minas Buenaventura SAA Sponsored ADR [BVN]
102
31.58
3,212
0.1
Embotelladora Andina S.A. Pfd B [ANDINA.B]
648
4.91
3,182
0.1
PT United Tractors Tbk [UNTR]
2,093
1.51
3,170
0.1
GN Store Nord A/S [GN]
187
16.83
3,152
0.1
Vista Energy SAB de CV Sponsored ADR Class A [VIST]
47
65.35
3,052
0.1
First Quantum Minerals Ltd. [FM]
113
26.93
3,043
0.1
Domino's Pizza Enterprises Limited [DMP]
206
14.28
2,936
0.1
OSAKA Titanium Technologies Co. Ltd. [5726]
185
15.57
2,875
0.1
Shenzhou International Group Holdings Limited [2313]
641
4.44
2,848
0.1
WPP Plc [WPP]
561
5.00
2,802
0.1
Close Brothers Group plc [CBG]
480
5.53
2,655
0.1
Deterra Royalties Ltd [DRR]
615
2.84
1,746
0.0
BOC Aviation Limited [2588]
183
8.86
1,623
0.0
Swire Pacific Limited Class B [87]
725
1.95
1,414
0.0
Air Water Inc. [4088]
38
18.58
708
0.0
Severstal PAO Sponsored GDR RegS [SVJTY]
--
217
--
0
0.0
Total
--
--
--
3,766,555
98.7
Cash and Other Assets Less Liabilities
--
--
--
--
1.3
Total Net Assets
--
--
--
--
100.0
As of 9/30/2026
Economic Sector
International Fund %
MSCI EAFE (ND) Index %
Energy
15.6
19.5
Health Care
8.2
-2.8
Materials
7.6
2.1
Communication Services
7.0
7.1
Financials
6.8
6.0
Real Estate
5.6
-4.1
Consumer Staples
4.1
-3.7
Industrials
2.8
0.8
Consumer Discretionary
0.9
-1.3
Information Technology
-3.5
-8.4
Utilities
-3.8
-4.5
As of 9/30/2026
Sector Breakdown
Industrials
HAINX
22.6%
Benchmark
18.9%
Consumer Discretionary
HAINX
10.7%
Benchmark
8.1%
Materials
HAINX
8.4%
Benchmark
6.0%
Consumer Staples
HAINX
7.7%
Benchmark
6.5%
Health Care
HAINX
6.7%
Benchmark
10.0%
Information Technology
HAINX
6.3%
Benchmark
11.2%
Energy
HAINX
5.0%
Benchmark
3.9%
Communication Services
HAINX
3.3%
Benchmark
3.9%
Cash
HAINX
1.4%
Benchmark
0.0%
Real Estate
HAINX
0.8%
Benchmark
1.5%
Utilities
HAINX
0.8%
Benchmark
3.7%
As of 9/30/2026
Country
International Fund %
MSCI EAFE (ND) Index %
United Kingdom
25.4
14.4
Japan
23.8
24.9
France
6.6
9.4
Australia
4.1
6.4
Denmark
4.0
1.6
Hong Kong
3.9
1.8
Netherlands
3.7
6.0
Spain
3.1
4.0
Germany
3.0
8.7
Switzerland
3.0
9.0
Other
19.4
13.8
Investment Team
Marathon Asset Management Limited (Marathon‑London) is an independent investment management firm with a 35+ year track record of managing regional, international and global equity strategies on behalf of institutional clients. Marathon‑London’s distinctive investment philosophy, referred to as the capital cycle approach to investing, focuses on understanding the supply‑side longer‑term dynamics within a competitive ecosystem, management behavior in driving an attractive capital cycle dynamic, and how the evolution of supply‑side forces impact the economics of the businesses within a particular industry. Marathon‑London operates a multi‑counselor model in which portfolio managers are generalists focused on specific regions (Europe, Japan, Pacific ex‑Japan and the Emerging Markets, and North America) and are independently accountable for their own buy/sell decisions. Each portfolio is then aggregated up for broader international and global equity mandates. There are no committee‑based decision‑making structures which, in turn, allows the portfolio managers the independence and flexibility to execute their skills as stock pickers and aligns their incentives with that of Marathon‑London’s clients.
Documents
Name
Fund Documents
As of 06/30/2026
As of 09/30/2026
As of 09/30/2026
Regulatory
As of 10/31/2025
As of 04/30/2025
Additional Documents
As of 03/31/2026
Important Information
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. Stocks of small and mid cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. Marathon‑London's assessment of the capital cycle for a particular industry or company may be incorrect. Investing in companies at inopportune phases of the capital cycle can result in the Fund purchasing company stock at pricing levels that are higher than the market dynamics would support and therefore subject the Fund to greater risk that the stock price would decline rather than increase over time.
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.