Harbor International Fund Institutional Class (HAINX)

Investor Class | Institutional Class | Administrative Class
Fund Facts
Price (NAV) (09/08/2010) $53.04
Daily $ Change $0.36 
Daily % Change 0.68% 
YTD Return (09/08/2010) -3.34%
Average Annual Total Returns Since Inception (As of 08/31/2010) 11.96%
Inception Date 12/29/1987
Net Expense Ratio 0.85%
Gross Expense Ratio 0.85%
Portfolio Manager
Northern Cross Investments Ltd
Hakan Castegren
Northern Cross, LLC
Howard Appleby, CFA
Jean-Francois Ducrest
James LaTorre, CFA
Edward E. Wendell, Jr.
Total Net Assets (08/31/2010) $22,189.920 million
Overall Morningstar Rating
(651 Foreign Large Blend funds)
Ticker HAINX
Fund Number 2011
CUSIP 411511306
WSJ Symbol Intl Inst
Investment Style
Overview

The Harbor International Fund is subadvised by Northern Cross Investments Ltd. and Northern Cross, LLC. The Fund invests primarily in common and preferred stocks of foreign large cap companies, including those located in countries with emerging markets. Companies in the Fund's portfolio generally have market capitalizations in excess of $1 billion at the time of purchase.

When considering securities for the Fund, the portfolio manager uses an analysis of economic and market data as well as their knowledge of each country's political, social and economic culture. Using a value-oriented, bottom up approach, the portfolio manager also looks for:

  • Businesses that the portfolio manager believes offer value
  • Low/price earnings multiples relative to other stocks in the country/industry
  • Above average, long-term earnings expectation that is not reflected in the price

The Fund typically invests in a minimum of ten countries throughout the world at a time, and focuses on companies located in Europe, the Pacific Basin, and emerging industrialized nations whose economies and political regimes appear stable.

Get a prospectus >> |Read fund manager commentary: PDF|HTML

Performance Summary Performance Details >

As of Quarter-Ended 06/30/2010
YTD1 Year5 Year10 YearSince Inception
-11.76%13.64%6.49%5.96%11.83%

Growth of a Hypothetical $10,000 Investment

Potential Risk & Return - International & Global Funds

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data shown. Investment returns and the value of an investment will fluctuate, and an investor's shares, when sold, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end (available within seven business days after the most recent month-end) by calling 800-422-1050 or visiting www.harborfunds.com.

The Harbor Funds performance shown assumes the reinvestment of dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized.

From time to time, certain fees and/or expenses have been voluntarily waived, which has resulted in higher returns. Without these waivers, the returns would have been lower. Voluntary waivers may be applied or discontinued at any time without notice.

The MSCI EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor International Fund received a 5-star Overall Morningstar Rating™ as of 07/31/2010 out of 651 Foreign Large Blend funds. International Fund was rated 4-star among 651, 5-star among 473, and 5-star among 261 domestic Foreign Large Blend funds for the three-, five- and ten-year periods ended 07/31/2010, respectively. The Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variations in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.