Harbor International Growth Fund Institutional Class (HAIGX)

Investor Class | Institutional Class | Administrative Class
Fund Facts
Price (NAV) (05/17/2013) $12.69
Daily $ Change $0.08 
Daily % Change 0.63% 
YTD Return (05/17/2013) 9.78%
Average Annual Total Returns Since Inception (As of 04/30/2013) 3.39%
Inception Date 11/01/1993
Net Expense Ratio 0.95%
Gross Expense Ratio 1.00%
Portfolio Manager
Total Net Assets (04/30/2013) $193.969 million
Overall Morningstar Rating
(221 Foreign Large Growth funds)
Ticker HAIGX
Fund Number 2017
CUSIP 411511801
WSJ Symbol IntlGr
Investment Style
Overview
The Harbor International Growth Fund is subadvised by Marsico Capital Management, LLC. The Fund invests at least 65% of assets in common stocks of foreign companies of varying sizes, and up to 35% in securities of companies primarily operating in or economically tied to emerging markets. In selecting investments for the Fund, the portfolio manager uses an approach that combines top-down economic analysis and bottom-up stock selection. The top-down approach may take into consideration factors such as countries' interest rates, inflation, regulatory environment and the global competitive landscape. Once the portfolio manager has identified trends in sectors and industries, the following company characteristics are also explored:
  • Market expertise
  • Franchise durability
  • Pricing power
  • Solid fundamentals
  • Strong and ethical management
  • Commitment to shareholder interests
  • Reasonable valuation in the context of projected growth rates
  • Other indications a company may be an attractive investment prospect

Once part of the Fund's portfolio, stocks may be reduced or sold should the company's fundamentals change substantially, its price appreciate excessively in relation to its earnings growth prospects, or if the company appears unlikely to realize its growth or current income potential.

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Performance Summary Performance Details >

As of Quarter-Ended 03/31/2013
YTD1 Year5 Year10 YearSince Inception
4.93%6.98%-1.45%8.92%3.33%

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 past 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 Growth Index is an unmanaged index generally representative of the growth stocks within the major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor International Growth Fund received a 2-star Overall Morningstar Rating™ as of 04/30/2013 out of 221 Foreign Large Growth funds. International Growth Fund was rated 3-star among 221, 2-star among 177, and 2-star among 104 domestic Foreign Large Growth funds for the three-, five- and ten-year periods ended 04/30/2013, 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.

© 2012 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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Overview Strategy Performance Holdings Management Fees & Expenses Documents

Contractual expense limitation until February 28, 2014.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

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.