Industrials
HNISX
25.7%
Benchmark
23.8%
Harbor International Small Cap Fund (HNISX)
NAV as of 9/10/2026
$18.13
NAV Daily Change
-$0.16 ↓
NAV YTD Return
16.52% ↑
Net Expense Ratio (%)
0.82
Total Net Assets (million) as of 8/31/2026
$199.588
Total Share Class Net Assets (million)
$82.84
- Specialist Firm. Cedar Street is a boutique specialist firm focused exclusively on non-US small-cap equity investing.
- Seasoned Management. The founders of Cedar Street have spent decades running small-cap international portfolios.
- Price Discipline. Management applies a consistent and disciplined valuation framework in selecting stocks they believe are well managed and fundamentally sound.
Related Products to Consider
"We invest like business owners — as opposed to short-term traders — carefully analyzing all facets of a company’s operations, balance sheet, management, industry, etc.”
Waldemar Mozes. Director of Investments and Portfolio Manager
Cedar Street Asset Management, LLC
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
0.39628
1.06644
0.48501
0.00000
0.58143
1.46272
0.04117
15.42
12/18/2024
12/19/2024
12/19/2024
0.00000
0.40133
0.32282
0.20576
0.00000
0.11706
0.72415
0.05078
13.58
12/17/2023
12/18/2023
12/18/2023
0.00000
0.29157
0.03967
--
0.00000
0.03967
0.33124
0.02760
14.24
12/15/2022
12/18/2022
12/18/2022
0.00000
0.16058
0.19541
0.02638
0.00000
0.16903
0.35599
0.01856
13.40
12/16/2021
12/19/2021
12/19/2021
0.00000
0.28141
0.82210
0.27586
0.00000
0.54624
1.10351
0.03075
14.49
12/15/2020
12/16/2020
12/16/2020
0.00000
0.17364
0.00000
0.00000
0.00000
0.00000
0.17364
0.02215
13.88
12/12/2019
12/15/2019
12/15/2019
0.00000
0.37006
0.00000
0.00000
0.00000
0.00000
0.37006
0.04535
12.93
12/13/2018
12/16/2018
12/16/2018
0.00000
0.09708
0.37506
0.00000
0.00000
0.37506
0.47214
0.01969
10.96
12/14/2017
12/17/2017
12/17/2017
0.00000
0.08844
0.10415
0.00000
0.00000
0.10415
0.19259
0.01049
13.95
12/15/2016
12/18/2016
12/18/2016
0.00000
0.12806
0.00000
0.00000
0.00000
0.00000
0.12806
0.01395
10.31
Holdings
As of 6/30/2026
Download: Full Holdings (csv)
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Glanbia Plc [GL9]
161
27.97
4,497
2.4
Paltac Corporation [8283]
106
40.86
4,323
2.3
TP ICAP Group plc [TCAP]
892
4.49
4,004
2.1
ZIGUP PLC [ZIG]
621
6.03
3,740
2.0
Nakanishi Inc. [7716]
201
18.40
3,696
2.0
SIG Group AG [SIGN]
219
16.77
3,666
1.9
Aalberts N.V. [AALB]
80
44.57
3,566
1.9
Ansell Limited [ANN]
159
21.99
3,486
1.8
HOSHIZAKI Corp. [6465]
104
32.58
3,401
1.8
TAG Immobilien AG [TEG]
210
16.13
3,390
1.8
Computer Engineering & Consulting Ltd. [9692]
262
12.94
3,389
1.8
Hamamatsu Photonics K.K. [6965]
205
16.43
3,376
1.8
BOC Aviation Limited [2588]
326
10.36
3,375
1.8
Kansai Paint Co. Ltd. [4613]
204
16.30
3,325
1.8
JCDecaux SE [DEC]
151
22.00
3,325
1.8
OPTEX GROUP Company Limited [6914]
128
25.69
3,294
1.7
Clarkson PLC [CKN]
59
55.29
3,241
1.7
Aryzta AG [ARYN]
46
69.55
3,231
1.7
Fagron SA [FAGR]
117
27.55
3,218
1.7
SAN-A CO. LTD. [2659]
162
19.78
3,210
1.7
Construcciones y Auxiliar de Ferrocarriles S.A. [CAF]
43
72.60
3,131
1.7
Fuji Seal International Inc. [7864]
177
17.42
3,075
1.6
Daiseki Co. Ltd. [9793]
127
24.18
3,067
1.6
Kyushu Financial Group Inc. [7180]
346
8.84
3,061
1.6
Venture Corporation Limited [V03]
231
13.23
3,054
1.6
Coats Group plc [COA]
2,935
1.03
3,036
1.6
Bunka Shutter Co. Ltd. [5930]
257
11.80
3,030
1.6
RS Group PLC [RS1]
388
7.72
2,991
1.6
OSAKA SODA CO.LTD. [4046]
257
11.59
2,974
1.6
Huhtamaki Oyj [HUH1V]
99
30.05
2,972
1.6
Corbion NV [CRBN]
127
23.03
2,927
1.5
Aperam S.A. [APAM]
60
48.66
2,925
1.5
Sonic Healthcare Limited [SHL]
201
14.42
2,900
1.5
Tieto Corporation [TIETO]
138
20.92
2,888
1.5
Nihon Kohden Corporation [6849]
328
8.79
2,885
1.5
Tosoh Corporation [4042]
160
18.01
2,883
1.5
Samsonite Group S.A. [1910]
1,659
1.74
2,882
1.5
Reliance Worldwide Corp. Ltd. [RWC]
1,060
2.71
2,872
1.5
Arjo AB Class B [ARJO.B]
1,118
2.54
2,840
1.5
Inchcape plc [INCH]
274
10.23
2,808
1.5
Cembra Money Bank AG [CMBN]
24
117.28
2,795
1.5
Landis+Gyr Group AG [LAND]
51
53.68
2,741
1.4
Genuit Group PLC [GEN]
734
3.68
2,698
1.4
Bekaert SA [BEKB]
60
44.65
2,693
1.4
Raito Kogyo Co. Ltd. [1926]
107
25.04
2,674
1.4
Morgan Advanced Materials plc [MGAM]
931
2.83
2,632
1.4
ARIAKE JAPAN Co. Ltd. [2815]
83
30.89
2,562
1.4
Rubis SCA [RUI]
72
35.10
2,534
1.3
Coface SA [COFA]
145
17.22
2,502
1.3
AEON Financial Service Co. Ltd. [8570]
265
9.02
2,389
1.3
C&C Group Plc [CCR]
1,913
1.25
2,386
1.3
ISS A/S [ISS]
58
40.93
2,366
1.3
ASR Nederland N.V. [ASRNL]
31
75.50
2,360
1.2
Onex Corporation [ONEX]
31
74.76
2,344
1.2
Spin Master Corp [TOY]
163
14.36
2,340
1.2
Wienerberger AG [WIE]
89
25.84
2,300
1.2
METAWATER Co.Ltd. [9551]
112
20.46
2,289
1.2
Victrex plc [VCT]
292
7.63
2,228
1.2
RTL Group S.A. [RRTL]
53
35.61
1,894
1.0
Tate & Lyle PLC [TATE]
245
7.35
1,802
1.0
ROUND ONE Corporation [4680]
242
7.15
1,730
0.9
Krones AG [KRN]
13
128.28
1,637
0.9
Savills plc [SVS]
137
11.33
1,557
0.8
Sixt SE [SIX2]
15
72.83
1,119
0.6
Torishima Pump Mfg.Co. Ltd. [6363]
25
17.21
435
0.2
KSB SE & Co. KGaA Vorz.Akt. ohne Stimmrecht [KSB3]
0
982.09
383
0.2
Total
--
--
--
185,346
97.8
Cash and Other Assets Less Liabilities
--
--
--
--
2.2
Total Net Assets
--
--
--
--
100.0
As of 6/30/2026
Sector Breakdown
Materials
HNISX
16.9%
Benchmark
10.5%
Financials
HNISX
10.3%
Benchmark
13.0%
Health Care
HNISX
10.1%
Benchmark
5.4%
Information Technology
HNISX
9.9%
Benchmark
11.4%
Consumer Staples
HNISX
9.3%
Benchmark
5.2%
Consumer Discretionary
HNISX
9.0%
Benchmark
11.6%
Communication Services
HNISX
2.8%
Benchmark
3.6%
Real Estate
HNISX
2.6%
Benchmark
10.0%
Cash
HNISX
2.0%
Benchmark
0.0%
Utilities
HNISX
1.3%
Benchmark
2.1%
Energy
HNISX
0.0%
Benchmark
3.3%
As of 6/30/2026
Economic Sector
International Small Cap Fund %
MSCI EAFE Small Cap (ND) Index %
Information Technology
35.5
35.4
Consumer Discretionary
14.1
6.7
Consumer Staples
12.6
-1.0
Financials
10.3
10.1
Materials
8.5
11.6
Industrials
8.4
9.8
Real Estate
6.8
1.9
Health Care
5.9
3.0
Communication Services
2.6
3.5
Energy
--
-7.6
[Unassigned]
--
-2.0
Utilities
-7.5
-0.3
As of 6/30/2026
Country
International Small Cap Fund %
MSCI EAFE Small Cap (ND) Index %
Japan
32.3
37.5
United Kingdom
17.5
13.0
Switzerland
6.6
4.3
France
6.0
3.7
Australia
4.9
10.3
Netherlands
4.7
1.5
Germany
4.5
4.0
Belgium
3.1
1.5
Finland
3.1
1.0
Canada
2.5
--
Other
14.8
23.2
Investment Team
Cedar Street Asset Management LLC is an employee‑owned investment firm focused on small capitalization value investing in international markets. The firm strives to generate strong risk‑adjusted returns, employing a consistent and repeatable investment methodology in an entrepreneurial, team‑oriented, and respectful work environment, where clients’ interests are paramount to any other interest. The firm utilizes a fundamental and qualitative approach to value investing, which includes cross disciplinary and language capabilities.
Documents
Name
Fund Documents
As of 06/30/2026
As of 06/30/2026
As of 06/30/2026
Regulatory
As of 10/31/2025
As of 04/30/2025
Additional Documents
As of 01/31/2026
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 cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.
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.