Harbor International Fund Administrative Class (HRINX)

Fund Facts
Price (NAV) (08/20/2014) $70.84
Daily $ Change -$0.25 
Daily % Change -0.35% 
YTD Return (08/20/2014) 0.45%
Average Annual Total Returns Since Inception (As of 07/31/2014) 11.75%
Inception Date 11/01/2002
Net Expense Ratio 0.99%
Gross Expense Ratio 1.01%
Portfolio Manager
Northern Cross, LLC
Howard Appleby, CFA
Jean-Francois Ducrest
James LaTorre, CFA
Total Net Assets (07/31/2014) $1,016.283 million
Overall Morningstar Rating
(677 Foreign Large Blend funds)
Ticker HRINX
Fund Number 2211
CUSIP 411511652
WSJ Symbol Intl Ret
Investment Style
Overview
The Harbor International Fund is subadvised by 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 or 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.

Performance Summary Performance Details >

As of Quarter Ended 06/30/2014
YTD1 Year5 Year10 YearSince Inception
4.31%21.27%13.29%9.73%12.19%

Growth of a Hypothetical $10,000 Investment

Source: Morningstar, Inc.

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 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.

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 4-star Overall Morningstar Rating™ as of 07/31/2014 out of 677 Foreign Large Blend funds. International Fund was rated 3-star among 677, 4-star among 610, and 5-star among 320 domestic Foreign Large Blend funds for the three-, five- and ten-year periods ended 07/31/2014, respectively. The Morningstar Rating is for the Administrative 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.

© 2014 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.


The management fee rate is 0.75% on assets up to $12 billion and 0.65% on assets in excess of $12 billion. The Adviser has contractually agreed to reduce the management fee to 0.63% on assets between $24 billion and $36 billion, and to 0.58% on assets over $36 billion through February 28, 2015. Only the Board of Trustees may modify or terminate this agreement. 

Contractual management fee waiver until February 28, 2015

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.