Harbor Emerging Markets Equity Fund Investor Class (HIEEX)

Fund Facts
Price (NAV) (06/14/2019) $10.29
Daily $ Change -$0.07 
Daily % Change -0.68% 
YTD Return (06/14/2019) 8.77%
Average Annual Total Returns Since Inception (As of 05/31/2019) 0.74%
Inception Date 11/01/2013
Net Expense Ratio 1.53%
Gross Expense Ratio 1.72%
Portfolio Manager
Oaktree Capital Management, L.P.
Frank J. Carroll
Timothy D. Jensen
Total Net Assets (05/31/2019) $0.531 million
YTD Net Cash Flow (05/31/2019) -$0.150 million
Overall Morningstar Rating (713 Diversified Emerging Mkt funds)
Ticker HIEEX
Fund Number 2436
CUSIP 411512676
Overview
The Harbor Emerging Markets Equity Fund, subadvised by Oaktree Capital Management, L.P., invests primarily (at least 80% of its net assets, plus borrowings for investment purposes, under normal market conditions) in equity securities, including common and preferred stocks, of emerging market companies that the Subadviser believes have been undervalued in the market relative to their ability to generate strong cash flows and attractive returns on capital. Emerging market companies are considered to be those that are located in, or economically tied to, emerging market countries or that maintain securities that principally trade on exchanges located in emerging market countries.

The Subadviser uses proprietary, fundamental research to identify companies with solid businesses for investment that it believes have an intrinsic value that is higher than the company's value as determined by its current stock price. When selecting individual companies for investment, the Subadviser normally looks for:

  • Sound management
  • Quality business model
  • Positive cash flow generation
  • Strong market position
  • Industry growth potential
  • Sustainable advantages
  • Stock trading at a significant discount to intrinsic value

Performance Summary Performance Details >

As of Quarter Ended 03/31/2019
YTD1 Year5 Year10 YearSince Inception
12.58%-6.62%2.15%N/A1.68%

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 Investor Class
Regular $2,500
Individual Retirement Account (IRA) $1,000
Custodial $1,000

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 Emerging Markets (ND) Index is a market capitalization weighted index of equity securities in more than 20 emerging market economies. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Emerging Markets Equity Fund received a 3-star Overall Morningstar Rating™ as of 01/31/2019 out of 713 Diversified Emerging Mkt funds. Emerging Markets Equity Fund was rated 4-star among 713 and 2-star among 538 domestic Diversified Emerging Mkt funds for the three- and five-year periods ended 01/31/2019, respectively. The Morningstar Rating is for the Investor share class only; other classes may have different performance characteristics.

©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.


The Adviser has contractually agreed to limit the Fund's operating expenses, excluding interest expense (if any), to 1.15%, 1.07%, 1.40%, and 1.52% for the Institutional Class, Retirement Class, Administrative Class, and Investor Class respectively, through February 28, 2019. Only the Fund's Board of Trustees may modify or terminate this agreement.

Restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses, excluding interest expense (if any), to 1.15%, 1.07%, 1.40%, and 1.52% for the Institutional Class, Retirement Class, Administrative Class, and Investor Class respectively, through February 28, 2019. Only the Fund's Board of Trustees may modify or terminate this agreement.

Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.

Restated to reflect current fees.

Subject to an expense limitation agreement (excluding interest expense, if any) through February 29, 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.