Portfolio Characteristics


As of 6/30/2021

Focused International Fund
MSCI All Country World Ex. US (ND) Index
Number of Holdings
40
2,348
Weighted Avg. Market Cap ($Mil)
186,333.05
105,913.37
Median Market Cap ($Mil)
78,746.56
10,217.13
Price/Book Ratio
6.71
2.90
Adj. Trailing P/E Ratio
34.35
23.04
Forecasted P/E Ratio
29.12
18.51
Proj. Earnings Growth Rate (%)
19.09
16.73
Return on Equity (%)
16.08
10.84

For definitions of any of these terms, please visit our Financial Glossary.

Top Ten Holdings

As of 6/30/2021

Company Name [Ticker]
% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. ADR[TSM]
5.5
NetEase Inc.[9999]
4.5
Novo Nordisk AS[NOVOB]
4.5
Housing Development Finance Corp. Ltd.[HDFC]
4.3
Inner Mongolia Yili Industrial Group Co. Ltd. Class A[600887]
4.3
Hoya Corp.[7741]
4.3
Alibaba Group Holding Ltd.[9988]
4.2
Pernod Ricard SA[RI]
4.0
AIA Group Ltd.[1299]
3.9
Experian plc[EXPN]
3.9

Full Holdings

As of 6/30/2021

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]
Taiwan
22
120.16
2,609
5.5
NetEase Inc. [9999]
China
94
22.981
2,149
4.5
Novo Nordisk AS [NOVOB]
Denmark
26
83.709
2,136
4.5
Housing Development Finance Corp. Ltd. [HDFC]
India
62
33.406
2,061
4.3
Inner Mongolia Yili Industrial Group Co. Ltd. Class A [600887]
China
358
5.691
2,039
4.3
Hoya Corp. [7741]
Japan
15
132.27
2,037
4.3
Alibaba Group Holding Ltd. [9988]
China
71
28.354
2,011
4.2
Pernod Ricard SA [RI]
France
9
222.262
1,912
4.0
AIA Group Ltd. [1299]
Hong Kong
152
12.406
1,882
3.9
Experian plc [EXPN]
United Kingdom
48
38.609
1,850
3.9
Tencent Holdings Ltd. [700]
China
24
75.292
1,823
3.8
Shin-Etsu Chemical Co. Ltd. [4063]
Japan
11
167.261
1,773
3.7
Roche Holding AG [ROG]
Switzerland
4
376.838
1,644
3.4
L'Oreal SA [OR]
France
4
446.594
1,633
3.4
Straumann Holding AG [QS5]
Switzerland
1
1,595.044
1,485
3.1
EssilorLuxottica SA [EL]
France
8
184.733
1,433
3.0
Amadeus IT Group SA Class A [AMS]
Spain
18
70.497
1,302
2.7
Daikin Industries Ltd. [6367]
Japan
6
186.35
1,155
2.4
LVMH Moet Hennessy Louis Vuitton SE [MC]
France
1
786.657
1,136
2.4
Fast Retailing Co. Ltd. [9983]
Japan
2
751.688
1,128
2.4
Shimano Inc. [7309]
Japan
5
237.924
1,118
2.3
Keyence Corp. [6861]
Japan
2
503.623
1,058
2.2
Daifuku Co. Ltd. [6383]
Japan
12
90.728
1,043
2.2
Sony Corp. [6758]
Japan
11
96.967
1,028
2.1
SAP SE [SAP]
Germany
7
140.46
940
2.0
Unilever plc [ULVR]
United Kingdom
16
58.434
937
2.0
Mtu Aero Engines AG [MTX]
Germany
3
247.944
809
1.7
Hamamatsu Photonics KK [6965]
Japan
12
60.239
729
1.5
Dassault Systemes SE [DSY]
France
2
242.696
602
1.3
ASML Holding NV [ASML]
Netherlands
1
690.319
575
1.2
Kweichow Moutai Co. Ltd. Class A [600519]
China
2
318.084
552
1.2
Recruit Holdings Co. Ltd. [6098]
Japan
11
49.039
539
1.1
Adyen NV [ADYEN]
Netherlands
0
2,452.329
517
1.1
Hikari Tsushin Inc. [9435]
Japan
2
175.746
387
0.8
Autohome Inc. ADR Class A [ATHM]
China
2
63.96
157
0.3
Kweichow Moutai Co. Ltd. [600519]
China
0
318.084
32
0.1

Sector Allocations

As of 6/30/2021

Economic Sector
Focused International Fund %
Information Technology
17.4
Consumer Discretionary
17.2
Health Care
15.3
Consumer Staples
14.9
Industrials
11.3
Communication Services
8.6
Financials
8.2
Materials
3.7

Sector Returns

As of 6/30/2021

Economic Sector
Focused International Fund %
MSCI All Country World Ex. US (ND) Index %
Health Care
19.5
9.8
Consumer Staples
8.6
7.7
Information Technology
5.5
7.0
Industrials
5.4
4.5
Consumer Discretionary
1.2
4.8
Cash
0.5
0.0
Real Estate
0.0
2.5
Utilities
0.0
-0.4
Energy
0.0
8.4
Materials
-0.6
6.4
Financials
-2.0
4.3
Communication Services
-5.7
1.5

Country Allocation

As of 6/30/2021

Country
Focused International Fund %
Japan
25.1
China
18.3
France
14.0
Switzerland
6.5
United Kingdom
5.8
Taiwan
5.5
Denmark
4.5
India
4.3
Hong Kong
3.9
Germany
3.7
Other
8.4

Additional Information about Harbor Funds