Harbor International Small Cap Fund Institutional Class (HAISX)

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

Harbor International Small Cap FundMSCI EAFE Small Cap (ND) Index
Number of Holdings532,352
Weighted Avg. Market Cap ($Mil)1,816.372,513.85
Median Market Cap ($Mil)1,287.251,004.21
Price/Book Ratio1.251.73
Adj. Trailing P/E Ratio13.3316.71
Forecasted P/E Ratio12.8215.72
Earnings Growth Rate (%)3.0911.97
Proj. Earnings Growth Rate (%)13.1610.49
Return on Equity (%)8.3110.92
Turnover (unannualized % since 10/31)154-
Beta vs. Fund Benchmark1.01-

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
Fujitsu General Ltd. [6755]2.5
Jafco Co. Ltd. [8595]2.4
Cobham PLC [COB]2.3
Kanamoto Co. Ltd. [9678]2.3
Inchcape plc [INCH]2.3
Landis+Gyr Group AG [4LG]2.2
Tarkett SA [TKTT]2.2
Golar LNG Ltd. [GLNG]2.1
Resorttrust Inc. [4681]2.1
Northgate plc [NTG]2.1
% of Total Holdings:22.5

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Fujitsu General Ltd. [6755]JP8515.921,3472.5
Jafco Co. Ltd. [8595]JP3536.741,2972.4
Cobham PLC [COB]GB9351.351,2652.3
Kanamoto Co. Ltd. [9678]JP4925.931,2642.3
Inchcape plc [INCH]GB1597.841,2482.3
Landis+Gyr Group AG [4LG]CH1579.771,2062.2
Tarkett SA [TKTT]FR5123.411,2002.2
Golar LNG Ltd. [GLNG]BM6418.481,1742.1
Resorttrust Inc. [4681]JP7515.341,1492.1
Northgate plc [NTG]GB2604.401,1432.1
Ontex Group NV [ONTEX]BE7016.141,1352.1
DOWA Holdings Co. Ltd. [5714]JP3532.141,1312.1
Arcadis NV [ARCAD]NL5718.971,0772.0
Kerry Logistics Network Ltd. [636]BM5961.801,0742.0
OSG Corp. [6136]JP5419.781,0702.0
CYBG PLC [CYBG]GB4372.441,0661.9
Johnson Electric Holdings Ltd. [179]BM4942.141,0571.9
Skyworth Digital Holdings Ltd. [751]BM3,8990.271,0491.9
Ebro Foods SA [EBRO]ES4921.401,0471.9
Paramount Bed Holdings Co. Ltd. [7817]JP2738.151,0411.9
Draegerwerk AG & Co KGaA [DRW3]DE1662.991,0381.9
Coface SA [COFA]FR10210.091,0301.9
Dksh Holding AG [DS5]CH1758.601,0221.9
Takkt AG [TTK]DE6914.561,0011.8
BillerudKorsnas AB [BILL]SE7513.329951.8
BOC Aviation Ltd. [2588]SG1188.389901.8
METAWATER Co. Ltd. [9551]JP3230.989801.8
Criteo SA ADR [CRTO]FR5717.219741.8
Resurs Holding AB [RESURS]SE1635.969721.8
Spar Nord Bank AS [SPNO]DK1098.819621.8
Krones AG [KRN]DE1280.579601.8
Bertrandt AG [BDT]DE1371.039571.7
OSRAM Licht AG [OSR]DE2933.039571.7
Healius Ltd. [HLS]AU4512.129561.7
Fuso Chemical Co. Ltd. [4368]JP4719.939291.7
Kintetsu World Express Inc. [9375]JP7013.089221.7
BML Inc. [4694]JP3228.459171.7
Senior plc [SNR]GB3292.749031.6
Japfa Ltd. [UD2]SG2,2520.398831.6
Tod's SpA [TOD]IT1846.668351.5
Tower Semiconductor Ltd. [TSEM]IL5315.778301.5
Nohmi Bosai Ltd. [6744]JP3821.408111.5
Matas AS [MATAS]DK7310.857911.4
Bank of East Asia Ltd. [23]HK2782.807781.4
Elders Ltd. [ELD]AU1624.377091.3
Clarkson PLC [CKN]GB2131.836761.2
Brunel International NV [BRNL]NL3714.625461.0
X-Fab Silicon Foundries SE [XFAB]BE955.625351.0
Central Glass Co. Ltd. [4044]JP2322.285211.0
Neo Performance Materials Inc. [NEO]CA549.555130.9
N Brown Group PLC [BWNG]GB2661.664420.8
Nabtesco Corp. [6268]JP1227.943310.6
Mears Group PLC [MER1]GB443.331460.3
Total49,85291.1
Cash and Other Assets Less Liabilities8.9
Total Net Assets100%

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

As of Quarter Ended 06/30/2019
Economic SectorHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Industrials34.821.5
Consumer Discretionary14.412.4
Financials11.110.9
Health Care7.27.6
Consumer Staples6.96.3
Materials6.58.6
Information Technology6.29.5
Energy2.12.7
Communication Services1.85.1
Utilities0.02.4
Real Estate0.013.1

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

As of Quarter Ended 06/30/2019
Sector ReturnsHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Information Technology8.77.9
Health Care4.32.5
Materials4.12.2
Consumer Discretionary1.8-2.2
Cash1.40.0
Financials1.10.9
Industrials0.62.6
Utilities-0.32.9
Communication Services-1.52.0
Consumer Staples-2.1-2.7
Real Estate-6.22.6
Energy-10.3-4.2

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

As of Quarter Ended 06/30/2019
CountryHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Japan25.029.9
United Kingdom12.618.0
Germany9.06.0
Bermuda7.90.0
France5.83.5
Switzerland4.14.8
Sweden3.65.8
Singapore3.41.8
Denmark3.21.8
Belgium3.02.1
Other22.426.3

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 EAFE Small Cap (ND) Index is an equity index which captures small cap representation across developed markets countries around the world, excluding the US and Canada. This unmanaged index does not reflect fees and expenses and is not available for direct investment.