Harbor International Growth Fund Institutional Class (HAIGX)

Portfolio Characteristics (As of Quarter Ended 03/31/2019)

Harbor International Growth FundMSCI All Country World Ex. US (ND) Index
Number of Holdings782,148
Weighted Avg. Market Cap ($Mil)45,130.9569,460.54
Median Market Cap ($Mil)16,870.748,287.14
Price/Book Ratio4.931.89
Adj. Trailing P/E Ratio27.7415.12
Forecasted P/E Ratio23.3214.36
Earnings Growth Rate (%)15.1911.71
Proj. Earnings Growth Rate (%)10.409.39
Return on Equity (%)18.8713.41
Turnover (unannualized % since 10/31)9-
Beta vs. Fund Benchmark1.07-

For definitions of the portfolio characteristics, visit our Financial Glossary.

Top Ten Holdings (As of Quarter Ended 03/31/2019)

Company Name [Ticker]% of Net Assets
Alibaba Group Holding Ltd. ADR [BABA]2.8
Naspers Ltd. [NPNJ]2.8
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]2.5
Hargreaves Lansdown plc [HL/]2.4
Shiseido Co. Ltd. [4911]2.3
AIA Group Ltd. [1299]2.2
Rightmove plc [RMV]2.0
Cochlear Ltd. [COH]2.0
Adidas AG [ADS]1.9
MS&AD Insurance Group Holdings Inc. [8725]1.9
% of Total Holdings:22.8

Full Holdings (As of Quarter Ended 03/31/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Alibaba Group Holding Ltd. ADR [BABA]CN84182.4515,2672.8
Naspers Ltd. [NPNJ]ZA65233.0415,2122.8
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW32940.9613,4932.5
Hargreaves Lansdown plc [HL/]GB54024.2913,1112.4
Shiseido Co. Ltd. [4911]JP17472.4012,6202.3
AIA Group Ltd. [1299]CN1,19410.0011,9402.2
Rightmove plc [RMV]GB1,6436.6510,9282.0
Cochlear Ltd. [COH]AU89123.3010,9182.0
Adidas AG [ADS]DE43243.2210,4161.9
MS&AD Insurance Group Holdings Inc. [8725]JP33630.4710,2281.9
United Overseas Bank Ltd. [U11]SG53218.669,9281.8
Industria de Diseno Textil SA [ITX]ES33429.409,8121.8
Novozymes AS [NZYM B]DK21145.999,6881.8
Mettler-Toledo International Inc. [MTD]CH13723.009,6861.8
Sartorius AG [SRT3]DE55171.869,4021.7
Shopify Inc. Class A [SHOP]CA45206.629,2801.7
Asian Paints Ltd. [ASIANPAINT]IN42921.499,2111.7
Auto Trader Group plc [AUTO]GB1,3446.809,1421.7
SMC Corp. [6273]JP24376.968,8961.6
CIE Financiere Richemont SA [RITN]CH11972.958,6931.6
Zalando Se [ZAL]DE21539.078,4171.6
ASML Holding NV [ASML]NL43187.958,0711.5
Schindler Holding AG [SHRQ]CH38207.507,8521.5
Samsung Fire & Marine Insurance Co. Ltd. [A000810]KR29265.317,6761.4
Investor AB Class B [INVE B_SEK]SE16945.087,6251.4
Legrand SA [LR]FR11266.957,4731.4
JD.Com Inc. ADR [JD]CN24530.157,3991.4
Shimano Inc. [7309]JP45162.827,2781.3
Olympus Corp. [7733]JP65910.887,1721.3
Tsingtao Brewery Co. Ltd. [168]CN1,5184.727,1621.3
Clicks Group Ltd. [CLS]ZA56012.777,1491.3
Housing Development Finance Corp. Ltd. [HDFC]IN24228.346,8471.3
Infineon Technologies AG [IFX]DE34119.856,7741.3
Svenska Handelsbanken AB [SHBA]SE63010.566,6521.2
Johnson Matthey plc [JMAT]GB16141.016,6091.2
Baidu Inc. ADR [BIDU]CN39164.856,4641.2
Intertek Group plc [ITRK]GB10263.356,4511.2
Jeronimo Martins SGPS SA [JMT]PT43314.776,3881.2
Kone OYJ [KNEBV]FI12450.516,2731.2
Ctrip.com International Ltd. ADR [CTRP]CN14243.696,2001.1
Keyence Corp. [6861]JP10625.206,1891.1
Softbank Group Corp. [9984]JP6397.486,1701.1
Spotify Technology SA [SPOT]SE44138.806,1691.1
KAO Corp. [4452]JP7878.936,1561.1
Raia Drogasil SA [RADL3]BR35916.685,9871.1
Burberry Group plc [BRBY]GB23025.495,8631.1
Treasury Wine Estates Ltd. [TWE]AU54910.625,8301.1
Pigeon Corp. [7956]JP13641.035,5681.0
Sysmex Corp. [6869]JP9260.585,5671.0
Public Bank BHD [PBBANK]MY9745.685,5311.0
Kingspan Group plc [KRX]IE11746.345,4321.0
Kakaku.com Inc. [2371]JP27819.275,3601.0
Mahindra & Mahindra Ltd. GDR [MHID]IN5259.905,1971.0
Jardine Strategic Holdings Ltd. [J37]SG13837.515,1801.0
Seek Ltd. [SEK]AU41512.485,1781.0
Fairfax Financial Holdings Ltd. [FFH]CA11463.205,1361.0
Homeserve plc [HSV]GB37413.364,9990.9
Murata Manufacturing Co. Ltd. [6981]JP9650.044,7890.9
Nidec Corp. [6594]JP36127.334,5840.8
Bechtle AG [BC8]DE4992.784,5670.8
Atlas Copco AB Class A [ATCOA]SE16326.904,3770.8
Weir Group plc [WEIR]GB20420.324,1430.8
Epiroc AB Class B [EPI B]SE4259.584,0760.8
John Wood Group plc [WG/]GB6136.614,0510.7
Atlas Copco AB Class B [ATCO B]SE15624.803,8730.7
Jupiter Fund Management plc [JUP]GB8064.713,7980.7
United Spirits Ltd. [UNSP]IN4658.053,7420.7
Denso Corp. [6902]JP9439.073,6570.7
Jardine Matheson Holdings Ltd. [J36]SG5662.433,4710.6
Wal-Mart de Mexico SAB de CV [WALMEX *]MX1,2552.673,3540.6
Asos plc [ASC]GB7841.763,2680.6
HON HAI Precision Industry Co. Ltd. GDR [HHPD]TW6734.833,2530.6
Thai Beverage PCL [Y92]TH4,9120.623,0650.6
MakeMyTrip Ltd. [MMYT]IN10127.602,7870.5
Naver Corp. [035420]KR25109.442,6870.5
Sugi Holdings Co. Ltd. [7649]JP5744.132,5110.5
Epiroc AB Class A [EPI A]SE15210.101,5330.3
U-Blox Holding AG [3BG]CH1476.011,0730.2
Total527,97497.3
Cash and Other Assets Less Liabilities2.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
Economic SectorHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Consumer Discretionary17.411.1
Financials16.421.6
Industrials15.511.7
Consumer Staples12.99.9
Communication Services11.57.1
Information Technology10.68.4
Health Care7.98.4
Materials4.77.6
Energy0.77.4
Utilities0.03.3
Real Estate0.03.5

Sector Returns (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
Sector ReturnsHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Consumer Discretionary21.511.2
Health Care21.111.0
Communication Services17.56.5
Information Technology15.914.7
Industrials10.510.2
Consumer Staples8.911.2
Materials8.911.3
Financials7.17.7
Energy2.612.4
Cash0.20.0
Real Estate0.014.4
Utilities0.08.3

Country Allocation (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
CountryHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Japan17.916.1
United Kingdom13.411.5
China10.18.6
Germany7.35.8
Sweden6.31.8
India5.12.4
Switzerland5.16.0
South Africa4.11.5
Australia4.14.7
Singapore3.40.9
Other23.240.7

This information should not be considered as a recommendation to purchase or sell a particular security and the holdings, sectors or countries mentioned may change at any time and may not represent current or future investments.

The MSCI All Country World Ex. U.S. (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global developed and emerging markets, excluding the United States. This unmanaged index does not reflect fees and expenses and is not available for direct investment.