Harbor Focused International Fund Institutional Class (HNFSX)

Fund Facts
Price (NAV) (11/08/2019) $10.88
Daily $ Change -$0.02 
Daily % Change -0.18% 
YTD Return (11/08/2019) 8.80%
Average Annual Total Returns Since Inception (As of 10/31/2019) 7.80%
Inception Date 06/01/2019
Net Expense Ratio 0.85%
Gross Expense Ratio 2.35%
Portfolio Manager
Comgest Asset Management International Limited
Laure Negiar, CFA
Zak Smerczak, CFA
Alexandre Narboni
Vincent Houghton
Share Class Net Assets (10/31/2019) $13.834 million
Ticker HNFSX
Fund Number 2045
CUSIP 41152P203
Why invest in Harbor Focused International Fund?
  • The concentrated, high-conviction international equity portfolio is expected to consist of 25-40 stocks built around quality growth. The managers target companies they believe can sustain >10% EPS growth for an extended period.
  • The Fund's portfolio is truly benchmark-agnostic, with a high expected active share of over 90%, and turnover typically between 20-30%. The purely bottom-up strategy, combined with the concentrated portfolio, make large sector, country and region exposures common.

Why did Harbor select Comgest Asset Management International Limited to subadvise the Fund?

  • Comgest is an established, employee-owned equity investment boutique located in Paris. Their disciplined, research-oriented "quality growth" investment process is well-established and implemented consistently by a deep and experienced team of investors.
  • They believe in a "boots on the ground" research philosophy; that there is important knowledge to be gained from personal observation. Consequently, the firm has offices around the world, all of which are established and managed by longtime Comgest employees to maintain their corporate culture.
  • Comgest combines the analyst and portfolio manager role, resulting in decisive, detail-oriented investors. All its investors must make portfolio level decisions and think like a portfolio manager while also conducting detailed company research.

View or download the Harbor Focused International Fund Pamphlet

Performance Summary Performance Details >

As of Quarter Ended 09/30/2019
YTD1 Year5 Year10 YearSince Inception

Growth of a Hypothetical $10,000 Investment

Minimum Investment

Investors who wish to purchase, exchange or redeem shares held through a financial intermediary should contact the financial intermediary directly. The minimum initial investment amounts are shown below. The minimums may be reduced or waived in some cases. There are no minimums for subsequent investments.

Account Type Institutional Class
Regular $50,000
Individual Retirement Account (IRA) $50,000
Custodial $50,000

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the past performance data shown. Investment returns and the value of an investment will fluctuate, and an investor's shares, when sold, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end (available within seven business days after the most recent month-end) by calling 800-422-1050 or visiting harborfunds.com.

The Harbor Funds performance shown assumes the reinvestment of dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized.

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

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.

©2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement.

Comgest Asset Management International Limited ("CAMIL") serves as the Fund's subadviser. In providing services to the Fund, CAMIL uses designated persons of its affiliates, including Comgest S.A., based in Paris, France, and Comgest Singapore Ptd Ltd., based in Singapore. CAMIL and such affiliates are referred to collectively as "Comgest."

Subject to an expense limitation agreement (excluding interest expense, if any) through May 31, 2020

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.