Harbor International Small Cap Fund
Fund
HIISX
Price as of:
$14.23
- $0.08
- 0.56%
Primary Theme
fund company
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-1.5%
1 yr return
-0.3%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
5.7%
Net Assets
$341 M
Holdings in Top 10
19.2%
52 WEEK LOW AND HIGH
$14.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HIISX - Profile
Distributions
- YTD Total Return -1.5%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.16%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHarbor International Small Cap Fund
-
Fund Family NameHarbor
-
Inception DateFeb 01, 2016
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWaldemar Mozes
Fund Description
The Fund invests primarily in equity securities, principally common and preferred stocks, of foreign companies. Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in the securities of small cap companies. The Fund defines small cap companies as those with market capitalizations that fall within the range of the MSCI EAFE (Europe, Australasia and Far East) Small Cap (ND) Index at the time of purchase. As of December 31, 2023, the range of the Index was $153 million to $21.15 billion, but it is expected to change frequently.The Subadvisor’s investment process utilizes a range of screening and idea sourcing methodologies to shrink the universe of securities to a manageable level. The Subadvisor primarily utilizes bottom-up research to identify companies with attractive valuations, as determined by the Subadvisor, while taking into account macro-economic considerations. The Subadvisor’s evaluation of companies includes an analysis of the corporate governance framework. The Subadvisor looks to identify companies that:■demonstrate traditional value metrics primarily on a price to book, price to earnings, and/or dividend yield basis;■have well-capitalized and transparent balance sheets and funding sources; and■they believe have business models that are undervalued by the market.From time to time, the investment process may result in substantial investments in one or more sectors, geographic regions and/or countries. The Subadvisor may sell or trim a holding when the investment thesis with respect to a holding is realized or the investment thesis is negatively impacted by macro-economic, industry or company-specific considerations. The Subadvisor may also sell or trim a holding in order to manage position-size risk and/or if a more attractive investment opportunity is identified. As part of its investment process, the Subadvisor considers environmental, social and governance (“ESG”) factors that it believes may have a material impact on an issuer and the value of its securities. As a result, the key ESG considerations may vary depending on the industry, sector, geographic region or other factors and the core business of each issuer.Up to 15% of the Fund’s total assets may be invested in emerging market companies, which the Fund defines as those countries included in the MSCI Emerging Markets Index, which currently includes 24 countries located in the Americas, Europe, Middle East, Africa and Asia. The Fund also may invest in American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depository Receipts (GDRs) (collectively, “Depositary Receipts”). Depositary Receipts are certificates typically issued by a bank or trust company that represent ownership interests in securities issued by a foreign or domestic company. The Fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.
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HIISX - Performance
Return Ranking - Trailing
| Period | HIISX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -3.0% | 7.8% | 77.78% |
| 1 Yr | -0.3% | -0.2% | 28.0% | 100.00% |
| 3 Yr | -0.4%* | -3.4% | 29.1% | 66.67% |
| 5 Yr | 5.7%* | 1.8% | 17.8% | 51.11% |
| 10 Yr | N/A* | 1.2% | 6.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HIISX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.9% | -5.4% | 35.2% | 84.91% |
| 2022 | -10.7% | -22.7% | 5.8% | 15.69% |
| 2021 | 8.8% | -5.7% | 19.7% | 54.90% |
| 2020 | 6.8% | -10.7% | 30.9% | 26.53% |
| 2019 | 18.8% | 2.1% | 31.6% | 17.78% |
Total Return Ranking - Trailing
| Period | HIISX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -3.0% | 7.8% | 77.78% |
| 1 Yr | -0.3% | -0.2% | 28.0% | 100.00% |
| 3 Yr | -0.4%* | -3.4% | 29.1% | 66.67% |
| 5 Yr | 5.7%* | 1.8% | 17.8% | 51.11% |
| 10 Yr | N/A* | 1.2% | 6.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HIISX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.9% | 3.2% | 40.0% | 96.23% |
| 2022 | -8.7% | -22.3% | 6.4% | 29.41% |
| 2021 | 16.8% | 9.0% | 77.0% | 43.14% |
| 2020 | 7.7% | -10.3% | 37.2% | 26.53% |
| 2019 | 21.6% | 8.6% | 31.9% | 22.22% |
NAV & Total Return History
HIISX - Holdings
Concentration Analysis
| HIISX | Category Low | Category High | HIISX % Rank | |
|---|---|---|---|---|
| Net Assets | 341 M | 6.93 M | 10.9 B | 61.11% |
| Number of Holdings | 66 | 10 | 5533 | 64.81% |
| Net Assets in Top 10 | 62.7 M | 398 K | 2.92 B | 55.56% |
| Weighting of Top 10 | 19.23% | 0.3% | 104.7% | 48.15% |
Top 10 Holdings
- Construcciones y Auxiliar de Ferrocarriles SA 2.11%
- Serco Group PLC 2.02%
- Resorttrust Inc 1.91%
- Sankyu Inc 1.90%
- BOC Aviation Ltd 1.90%
- ISS A/S 1.90%
- Spin Master Corp 1.89%
- Arjo AB 1.88%
- Genuit Group PLC 1.86%
- ASR Nederland NV 1.86%
Asset Allocation
| Weighting | Return Low | Return High | HIISX % Rank | |
|---|---|---|---|---|
| Stocks | 98.71% | 0.99% | 100.67% | 44.44% |
| Cash | 1.29% | 0.00% | 99.01% | 62.96% |
| Preferred Stocks | 0.00% | 0.00% | 4.46% | 72.22% |
| Other | 0.00% | -1.36% | 4.62% | 61.11% |
| Convertible Bonds | 0.00% | 0.00% | 0.41% | 53.85% |
| Bonds | 0.00% | 0.00% | 5.03% | 51.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HIISX % Rank | |
|---|---|---|---|---|
| Industrials | 28.60% | 5.36% | 31.52% | 13.46% |
| Technology | 17.85% | 0.00% | 18.01% | 11.54% |
| Financial Services | 14.01% | 3.05% | 32.74% | 57.69% |
| Consumer Defense | 13.29% | 3.45% | 18.05% | 17.31% |
| Consumer Cyclical | 8.18% | 4.00% | 24.14% | 90.38% |
| Basic Materials | 8.04% | 1.74% | 28.84% | 75.00% |
| Communication Services | 5.38% | 0.00% | 8.94% | 30.77% |
| Energy | 3.37% | 0.00% | 19.25% | 73.08% |
| Healthcare | 1.28% | 0.00% | 9.89% | 80.77% |
| Utilities | 0.00% | 0.00% | 15.19% | 94.23% |
| Real Estate | 0.00% | 0.00% | 16.01% | 96.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HIISX % Rank | |
|---|---|---|---|---|
| Non US | 97.20% | 0.00% | 100.52% | 40.74% |
| US | 1.51% | 0.00% | 99.95% | 51.85% |
HIISX - Expenses
Operational Fees
| HIISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.43% | 0.36% | 4.91% | 25.93% |
| Management Fee | 0.85% | 0.30% | 1.59% | 53.70% |
| 12b-1 Fee | 0.25% | 0.00% | 0.75% | 86.67% |
| Administrative Fee | N/A | 0.01% | 0.15% | N/A |
Sales Fees
| HIISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| HIISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HIISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 2.00% | 119.00% | 56.25% |
HIISX - Distributions
Dividend Yield Analysis
| HIISX | Category Low | Category High | HIISX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.58% | 0.00% | 8.96% | 88.89% |
Dividend Distribution Analysis
| HIISX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| HIISX | Category Low | Category High | HIISX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.16% | -0.10% | 4.33% | 78.85% |
Capital Gain Distribution Analysis
| HIISX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2023 | $0.266 | OrdinaryDividend |
| Dec 19, 2022 | $0.301 | OrdinaryDividend |
| Dec 17, 2020 | $0.129 | OrdinaryDividend |
| Dec 16, 2019 | $0.306 | OrdinaryDividend |
| Dec 17, 2018 | $0.039 | OrdinaryDividend |
| Dec 18, 2017 | $0.036 | OrdinaryDividend |
| Dec 19, 2016 | $0.084 | OrdinaryDividend |
HIISX - Fund Manager Analysis
Managers
Waldemar Mozes
Start Date
Tenure
Tenure Rank
May 23, 2019
3.02
3.0%
Waldemar Mozes, is a Partner and the Director of Investments for Cedar Street Asset Management. Prior to joining Cedar Street Asset Management, Waldemar developed and implemented the international investment capability at TAMRO Capital Partners LLC ("TAMRO"), an Alexandria, VA-based investment advisor specializing in small cap strategies for institutional investors. TAMRO was founded after its MBO from ABN AMRO in 2007.
Jonathan Brodsky
Start Date
Tenure
Tenure Rank
May 23, 2019
3.02
3.0%
Jonathan P. Brodsky founded Cedar Street in 2016. Prior to founding Cedar Street, Mr. Brodsky established the non-U.S. investment practice at Advisory Research, Inc., (“ARI”) a Chicago-based asset management firm. Prior to joining ARI in 2004, Mr. Brodsky worked for the U.S. Securities and Exchange Commission’s (“SEC”) Office of International Affairs, focusing on cross-border regulatory, corporate governance, and enforcement matters. Prior to the SEC, Mr. Brodsky was an investment banker in corporate finance for JPMorgan Securities, Inc. Mr. Brodsky also worked for Ogilvy & Mather in Beijing, China. Mr. Brodsky began his investment career in 2000. Jonathan holds a B.A. in political science and an M.A. in international relations from Syracuse University and an M.B.A. and J.D. from Northwestern University. Jonathan is proficient in Spanish and Mandarin Chinese.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 26.6 | 7.22 | 10.34 |