Harbor Global Growth Fund Investor Class (HGGIX)

Fund Facts
Price (NAV) (02/23/2017) $21.07
Daily $ Change -$0.03 
Daily % Change -0.14% 
YTD Return (02/23/2017) 7.23%
Average Annual Total Returns Since Inception (As of 01/31/2017) 15.97%
Inception Date 03/01/2009
Net Expense Ratio 1.27%
Gross Expense Ratio 1.40%
Portfolio Manager
Marsico Capital Management, LLC
Thomas Marsico
Total Net Assets (01/31/2017) $9.315 million
Overall Morningstar Rating
(849 World Stock funds)
Ticker HGGIX
Fund Number 2430
CUSIP 411512858
WSJ Symbol n/a
Investment Style
Overview
The Harbor Global Growth Fund is subadvised by Marsico Capital Management, LLC . The portfolio manager's strategy for the Fund is to select and invest in securities of U.S. and foreign companies of any size that have long-term growth potential. At any one time, the Fund is invested in at least three different countries.

When selecting investments, the portfolio manager uses an approach that combines top-down macro-economic analysis and bottom-up stock selection. The analysis takes into consideration:

  • Interest rates
  • Inflation
  • Demographics
  • The regulatory environment
  • Global competitive landscape and investment opportunities
  • Industry consolidation
  • The sustainability of financial trends

Once certain sectors and industries have been identified, the portfolio manager looks for companies or securities within those areas that have earnings growth potential. Some of the factors considered for suitable investment include market expertise or dominance, franchise durability, solid business fundamentals, strong and ethical management and a commitment to shareholder interests.

Performance Summary Performance Details >

As of Quarter Ended 12/31/2016
YTD1 Year5 Year10 YearSince Inception
-4.93%-4.93%11.19%N/A15.50%

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 AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Global Growth Fund received a 3-star Overall Morningstar Rating™ as of 01/31/2017 out of 849 World Stock funds. Global Growth Fund was rated 2-star among 849 and 4-star among 675 domestic World Stock funds for the three- and five-year periods ended 01/31/2017, respectively. The Morningstar Rating is for the Investor share class only; other classes may have different performance characteristics.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

©2017 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement.


Restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses, excluding interest expense (if any), to 0.90%, 1.15%, 1.27% and 0.85% for the Institutional Class, Administrative Class, Investor Class and Retirement Class, respectively, through February 28, 2017. Only the Board of Trustees may modify or terminate this agreement.

Restated to reflect current fees.

Contractual expense limitation, excluding interest expense, if any, until February 28, 2017

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.