Harbor International Growth Fund Institutional Class (HAIGX)

Portfolio Characteristics (As of Quarter Ended 06/30/2019)

Harbor International Growth FundMSCI All Country World Ex. US (ND) Index
Number of Holdings792,206
Weighted Avg. Market Cap ($Mil)45,340.8070,859.00
Median Market Cap ($Mil)15,160.178,131.69
Price/Book Ratio4.851.97
Adj. Trailing P/E Ratio28.2715.66
Forecasted P/E Ratio23.7614.24
Earnings Growth Rate (%)13.759.81
Proj. Earnings Growth Rate (%)11.598.87
Return on Equity (%)16.5613.04
Turnover (unannualized % since 10/31)11-
Beta vs. Fund Benchmark1.11-

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

Top Ten Holdings (As of Quarter Ended 06/30/2019)

Company Name [Ticker]% of Net Assets
Naspers Ltd. [NPNJ]2.8
Alibaba Group Holding Ltd. ADR [BABA]2.5
Hargreaves Lansdown plc [HL/]2.3
Shiseido Co. Ltd. [4911]2.3
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]2.3
Cochlear Ltd. [COH]2.3
AIA Group Ltd. [1299]2.2
Housing Development Finance Corp. Ltd. [HDFC]2.1
Shopify Inc. Class A [SHOP]2.0
Mettler-Toledo International Inc. [MTD]2.0
% of Total Holdings:22.8

Full Holdings (As of Quarter Ended 06/30/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Naspers Ltd. [NPNJ]ZA65242.0515,8012.8
Alibaba Group Holding Ltd. ADR [BABA]CN84169.4514,1792.5
Hargreaves Lansdown plc [HL/]GB54024.4313,1862.3
Shiseido Co. Ltd. [4911]JP17475.6413,1832.3
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW32939.1712,9032.3
Cochlear Ltd. [COH]AU89145.6012,8912.3
AIA Group Ltd. [1299]HK1,16710.8012,5982.2
Housing Development Finance Corp. Ltd. [HDFC]IN37431.7911,8752.1
Shopify Inc. Class A [SHOP]CA38300.1511,4002.0
Mettler-Toledo International Inc. [MTD]CH13840.0011,2532.0
Rightmove plc [RMV]GB1,6436.8011,1802.0
MS&AD Insurance Group Holdings Inc. [8725]JP33631.7910,6711.9
Sartorius AG [SRT3]DE51205.0810,3851.8
United Overseas Bank Ltd. [U11]SG53219.3310,2871.8
CIE Financiere Richemont SA [RITN]CH11984.9810,1261.8
Industria de Diseno Textil SA [ITX]ES33430.0910,0411.8
Novozymes AS [NZYM B]DK21146.639,8221.7
Tsingtao Brewery Co. Ltd. [168]CN1,5186.379,6721.7
Adidas AG [ADS]DE31309.379,6411.7
Bechtle AG [BC8]DE83115.099,5781.7
Zalando Se [ZAL]DE21544.289,5391.7
Auto Trader Group plc [AUTO]GB1,3446.969,3621.7
ASML Holding NV [ASML]NL43208.098,9351.6
SMC Corp. [6273]JP24374.878,8471.6
Nidec Corp. [6594]JP62137.338,5151.5
Schindler Holding AG [SHRQ]CH38222.908,4351.5
Asian Paints Ltd. [ASIANPAINT]IN42919.688,4351.5
Legrand SA [LR]FR11273.118,1601.4
Investor AB Class B [INVE B_SEK]SE16948.098,1341.4
Kingspan Group plc [KRX]IE14954.338,1071.4
Olympus Corp. [7733]JP65911.137,3361.3
Kone OYJ [KNEBV]FI12459.057,3351.3
Intertek Group plc [ITRK]GB10269.917,1191.3
Raia Drogasil SA [RADL3]BR35919.827,1151.3
Trainline plc [TRN]GB1,3495.237,0621.2
Jeronimo Martins SGPS SA [JMT]PT43316.126,9741.2
Johnson Matthey plc [JMAT]GB16142.286,8131.2
Shimano Inc. [7309]JP45149.016,6611.2
Spotify Technology SA [SPOT]SE44146.226,4991.1
Techtronic Industries Co. Ltd. [669]HK8457.666,4731.1
SEEK Ltd [SEK]AU41514.886,1781.1
Keyence Corp. [6861]JP10616.726,1061.1
Infineon Technologies AG [IFX]DE34117.776,0641.1
Sysmex Corp. [6869]JP9265.426,0121.1
KAO Corp. [4452]JP7876.305,9521.1
Ping An Insurance Group Co. of China Ltd. [2318]CN49412.025,9401.0
Softbank Group Corp. [9984]JP12148.175,8381.0
Treasury Wine Estates Ltd. [TWE]AU54910.505,7681.0
Pigeon Corp. [7956]JP13640.335,4721.0
JD.Com Inc. ADR [JD]CN18030.295,4581.0
Burberry Group plc [BRBY]GB23023.705,4521.0
Fairfax Financial Holdings Ltd. [FFH]CA11490.835,4421.0
Homeserve plc [HSV]GB35815.075,4011.0
Kakaku.com Inc. [2371]JP27819.345,3811.0
Jardine Strategic Holdings Ltd. [J37]SG13838.165,2700.9
Public Bank BHD [PBBANK]MY9435.575,2520.9
Atlas Copco AB Class A [ATCOA]SE16332.055,2140.9
Ctrip.com International Ltd. ADR [CTRP]CN13736.915,0400.9
Mahindra & Mahindra Ltd. GDR [MHID]IN5259.304,8770.9
Baidu Inc. ADR [BIDU]CN39117.364,6020.8
Atlas Copco AB Class B [ATCO B]SE15628.754,4900.8
Jupiter Fund Management plc [JUP]GB8065.374,3250.8
Murata Manufacturing Co. Ltd. [6981]JP9645.024,3080.8
Epiroc AB Class B [EPI B]SE4259.924,2200.7
Nibe Industrier AB [NIBE B_SEK]SE27914.654,0840.7
Weir Group plc [WEIR]GB20419.684,0110.7
Denso Corp. [6902]JP9442.173,9470.7
United Spirits Ltd. [UNSP]IN4658.473,9400.7
John Wood Group plc [WG/]GB6135.763,5290.6
Wal-Mart de Mexico SAB de CV [WALMEX *]MX1,2552.733,4240.6
HON HAI Precision Industry Co. Ltd. GDR [HHPD]TW6734.923,3150.6
Thai Beverage PCL [Y92]TH4,9120.613,0150.5
Jardine Matheson Holdings Ltd. [J36]SG4563.072,8510.5
Sugi Holdings Co. Ltd. [7649]JP5747.362,6950.5
Asos plc [ASC]GB7832.462,5400.4
Naver Corp. [035420]KR2598.832,4270.4
MakeMyTrip Ltd. [MMYT]IN9424.802,3410.4
Epiroc AB Class A [EPI A]SE15210.421,5820.3
U-Blox Holding AG [3BG]CH1484.911,1980.2
Total559,48998.9
Cash and Other Assets Less Liabilities1.1
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2019)

As of Quarter Ended 06/30/2019
Economic SectorHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Consumer Discretionary19.911.3
Industrials18.812.0
Financials15.521.9
Consumer Staples11.99.8
Information Technology11.38.5
Health Care8.58.3
Communication Services8.06.9
Materials4.47.6
Energy0.67.1
Utilities0.03.4
Real Estate0.03.2

Sector Returns (As of Quarter Ended 06/30/2019)

As of Quarter Ended 06/30/2019
Sector ReturnsHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Health Care14.01.2
Industrials10.35.2
Information Technology9.14.0
Consumer Staples7.82.2
Financials5.34.4
Consumer Discretionary2.33.8
Cash1.10.0
Utilities0.02.0
Real Estate0.0-1.6
Materials-1.02.9
Communication Services-2.71.0
Energy-9.90.6

Country Allocation (As of Quarter Ended 06/30/2019)

As of Quarter Ended 06/30/2019
CountryHarbor International Growth Fund %MSCI All Country World Ex. US (ND) Index %
Japan17.815.8
United Kingdom14.111.2
Germany8.05.9
China7.98.3
Sweden6.01.8
India5.62.4
Switzerland5.56.2
Australia4.44.7
Hong Kong3.42.7
Singapore3.30.9
Other24.040.1

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.