Harbor International Small Cap Fund Institutional Class (HAISX)

Portfolio Characteristics (As of Quarter Ended 09/30/2019)

Harbor International Small Cap FundMSCI EAFE Small Cap (ND) Index
Number of Holdings552,337
Weighted Avg. Market Cap ($Mil)1,767.852,536.03
Median Market Cap ($Mil)1,215.65972.35
Price/Book Ratio1.231.76
Adj. Trailing P/E Ratio12.3817.09
Forecasted P/E Ratio12.2416.32
Earnings Growth Rate (%)5.1111.77
Proj. Earnings Growth Rate (%)4.249.66
Return on Equity (%)9.1810.76
Turnover (unannualized % since 10/31)174-
Beta vs. Fund Benchmark1.05-

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

Top Ten Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]% of Net Assets
Jafco Co. Ltd. [8595]2.5
Kanamoto Co. Ltd. [9678]2.3
Northgate plc [NTG]2.3
Fuso Chemical Co. Ltd. [4368]2.3
Fujitsu General Ltd. [6755]2.2
DOWA Holdings Co. Ltd. [5714]2.2
Resorttrust Inc. [4681]2.2
Kintetsu World Express Inc. [9375]2.2
Healius Ltd. [HLS]2.1
Ebro Foods SA [EBRO]2.1
% of Total Holdings:22.4

Full Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Jafco Co. Ltd. [8595]JP3038.021,1482.5
Kanamoto Co. Ltd. [9678]JP4324.951,0692.3
Northgate plc [NTG]GB2604.051,0532.3
Fuso Chemical Co. Ltd. [4368]JP4622.311,0262.3
Fujitsu General Ltd. [6755]JP6016.731,0122.2
DOWA Holdings Co. Ltd. [5714]JP2934.341,0062.2
Resorttrust Inc. [4681]JP6216.231,0052.2
Kintetsu World Express Inc. [9375]JP7014.159972.2
Healius Ltd. [HLS]AU4512.179802.1
Ebro Foods SA [EBRO]ES4919.999782.1
Ontex Group NV [ONTEX]BE5417.999782.1
Inchcape plc [INCH]GB1267.769752.1
Criteo SA ADR [CRTO]FR5218.699682.1
Kerry Logistics Network Ltd. [636]BM5961.609532.1
Dksh Holding AG [DS5]CH1949.929382.1
Takkt AG [TTK]DE6913.259112.0
Paramount Bed Holdings Co. Ltd. [7817]JP2436.548881.9
Landis+Gyr Group AG [4LG]CH1089.648871.9
Johnson Electric Holdings Ltd. [179]BM4941.798861.9
METAWATER Co. Ltd. [9551]JP2634.088811.9
Tower Semiconductor Ltd. [TSEM]IL4619.248801.9
BML Inc. [4694]JP3226.998701.9
Resurs Holding AB [RESURS]SE1445.938541.9
Spar Nord Bank AS [SPNO]DK949.008471.9
Arcadis NV [ARCAD]NL4518.698441.9
BOC Aviation Ltd. [2588]SG919.238361.8
Coface SA [COFA]FR7311.368241.8
OSG Corp. [6136]JP3820.827991.8
Senior plc [SNR]GB3462.317991.8
Clarkson PLC [CKN]GB2630.167821.7
Krones AG [KRN]DE1360.417791.7
Golar LNG Ltd. [GLNG]BM5912.997691.7
Tarkett SA [TKTT]FR5114.797581.7
Japfa Ltd. [UD2]SG2,2520.337341.6
Nohmi Bosai Ltd. [6744]JP3819.177271.6
CYBG PLC [CYBG]GB5101.417191.6
Navigator Co. SA [NVG]PT2003.587141.6
Asr Nederland NV [ASRNL]NL1936.907041.5
BillerudKorsnas AB [BILL]SE6510.816981.5
Raito Kogyo Co. Ltd. [1926]JP5313.186971.5
Draegerwerk AG & Co KGaA [DRW3]DE1644.376951.5
Elders Ltd. [ELD]AU1624.276921.5
Bank of East Asia Ltd. [23]HK2782.466851.5
Bertrandt AG [BDT]DE1545.056671.5
Nabtesco Corp. [6268]JP2131.306551.4
Viva Energy Group Ltd. [VEA]AU4281.325631.2
Matas A/S [MATAS]DK737.375371.2
Siltronic AG [WAF]DE776.125141.1
N Brown Group PLC [BWNG]GB3301.384541.0
Neo Performance Materials Inc. [NEO]CA548.004300.9
X-Fab Silicon Foundries SE [XFAB]BE954.474260.9
Brunel International NV [BRNL]NL3711.394250.9
Central Glass Co. Ltd. [4044]JP1921.114030.9
Sumco Corp. [3436]JP2613.623530.8
Mears Group PLC [MER]GB473.161490.3
Total42,82193.5
Cash and Other Assets Less Liabilities6.5
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Economic SectorHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Industrials33.721.0
Financials12.710.5
Consumer Discretionary10.712.7
Materials8.57.8
Information Technology8.39.8
Health Care7.57.3
Consumer Staples7.46.4
Energy2.92.5
Communication Services2.15.3
Real Estate0.014.1
Utilities0.02.5

Sector Returns (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Sector ReturnsHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Communication Services8.62.0
Information Technology6.01.1
Cash0.10.0
Real Estate0.06.1
Utilities0.03.2
Materials-1.1-5.7
Consumer Discretionary-1.90.7
Consumer Staples-2.8-0.1
Industrials-5.1-2.6
Financials-5.3-2.6
Health Care-8.7-1.3
Energy-32.1-7.1

Country Allocation (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
CountryHarbor International Small Cap Fund %MSCI EAFE Small Cap (ND) Index %
Japan29.731.4
United Kingdom10.817.7
Germany7.85.8
Bermuda5.70.0
France5.63.4
Australia4.97.6
Netherlands4.32.7
Switzerland4.04.7
Singapore3.41.8
Sweden3.45.7
Other20.419.2

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.