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Trending ETFs

Name

As of 05/31/2022

Price

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

$10.43

$28.7 M

0.00%

1.21%

Vitals

YTD Return

-24.4%

1 yr return

-21.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$28.7 M

Holdings in Top 10

42.2%

52 WEEK LOW AND HIGH

$10.4
$10.07
$14.80

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/31/2022

Price

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

$10.43

$28.7 M

0.00%

1.21%

HNFIX - Profile

Distributions

  • YTD Total Return -24.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Harbor Focused International Fund
  • Fund Family Name
    Harbor
  • Inception Date
    Jun 03, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Laure Négiar

Fund Description

The Fund invests primarily in the common stocks of non-U.S. companies, including those located in emerging market countries. Companies in the Fund’s portfolio generally have free float market capitalizations greater than $1.5 billion at the time of purchase. The Fund may also invest in depositary receipts. The Fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.The Subadviser’s investment philosophy centers on the belief that sustainable earnings growth leads to above-average investment returns at below-average risk. The Subadviser seeks to identify high-quality companies that it believes can sustain above-average earnings growth for an extended period of time. Characteristics the Subadviser believes are indicative of a high-quality company include:Strong competitive positionStrong and sustainable free cash flow generationAbove average profit margins and returns on equityA sound balance sheetCapable management with a record of sensible capital allocationThe Subadviser’s investment process is conducted in two stages. During the first stage, the Subadviser’s regional investment teams construct regional universes of what they believe are high-quality growth stocks, the constituents of which will comprise the investment opportunity set for the Fund. During the second stage, the Fund’s portfolio managers conduct their own independent research on those stocks to select what they believe to be the highest quality, and most attractively valued non-U.S. stocks.The Subadviser’s investment process employs fundamental, bottom-up research to assess company quality, growth drivers, and risks. The process combines financial analysis with field research, including meetings with company management, operational staff, and suppliers, and includes an analysis of each company’s competitive environment. The Subadviser’s assessment of company quality also includes an analysis of environmental, social and governance (collectively, “ESG”) factors. Comgest believes ESG integration allows its financial analysts and portfolio managers to increase their knowledge of the company in terms of risks and opportunities that may be material to the business. The ESG profile of each company is considered by Comgest’s in-house valuation model.Following the quality assessment, the Subadviser conducts valuation analysis, selecting those stocks that in its view have the most attractive risk/reward characteristics and reasonable valuations. Risk is assessed at the company and Fund level. Stock weights reflect the Subadviser’s assessment of the risk/reward with respect to a company’s quality, growth potential and the attractiveness of its valuation at any point in time. Comgest takes ESG factors into account at different stages of the investment process to ensure that the investment teams are fully aware of a companies’ ESG risks and opportunities, integrating ESG research into their investment decisions in a systematic manner.The investment process generally results in a portfolio of 25 to 40 companies and, from time to time, may result in more substantial investments in particular countries, regions or sectors. The Fund’s sector and country exposures can differ meaningfully from the benchmark index. Country, region and sector allocations are the outcome of the Subadviser’s bottom-up investment process.The Subadviser maintains a long-term investment horizon of typically three to five years. The Subadviser may sell or trim a holding when a regional team sells the stock from its portfolio, the stock’s valuation no longer appears attractive or there is a change in the company’s business fundamentals. The Subadviser may also sell or trim a holding in order to manage position-size risk and/or if a more attractive investment opportunity is identified.The Fund defines emerging market countries as those countries included in the MSCI Emerging Markets Index, which currently includes countries located in the Americas, Europe, Middle East, Africa and Asia.The Fund may also invest in market access products, such as low exercise price warrants (“LEPWs”) and participatory notes (“P-notes”), to seek to gain economic exposure to markets where holding an underlying local security is not feasible or economical. A “market access product” is a derivative security that provides market exposure to an underlying foreign issuer.
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HNFIX - Performance

Return Ranking - Trailing

Period HNFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -24.4% -39.6% 16.4% 80.78%
1 Yr -21.6% -57.2% 44.7% 66.67%
3 Yr N/A* -4.0% 16.9% N/A
5 Yr N/A* -0.4% 11.1% N/A
10 Yr N/A* 3.3% 11.0% N/A

* Annualized

Return Ranking - Calendar

Period HNFIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -42.8% 42.4% 45.89%
2022 22.3% -4.9% 85.0% 40.44%
2021 N/A -4.0% 45.1% N/A
2020 N/A -32.2% 68.4% N/A
2019 N/A -7.3% 50.9% N/A

Total Return Ranking - Trailing

Period HNFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -24.4% -39.6% 16.4% 79.91%
1 Yr -21.6% -57.2% 40.8% 61.56%
3 Yr N/A* -4.0% 16.9% N/A
5 Yr N/A* -0.8% 11.1% N/A
10 Yr N/A* 2.7% 11.0% N/A

* Annualized

Total Return Ranking - Calendar

Period HNFIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -42.8% 42.4% 45.89%
2022 22.3% -4.9% 85.0% 40.44%
2021 N/A -4.0% 45.1% N/A
2020 N/A -32.2% 68.4% N/A
2019 N/A -7.3% 53.4% N/A

NAV & Total Return History


HNFIX - Holdings

Concentration Analysis

HNFIX Category Low Category High HNFIX % Rank
Net Assets 28.7 M 10 150 B 89.80%
Number of Holdings 37 5 516 89.36%
Net Assets in Top 10 19.2 M 2.1 K 33.4 B 85.32%
Weighting of Top 10 42.23% 10.3% 99.1% 20.64%

Top 10 Holdings

  1. Novo Nordisk A/S ADR 6.51%
  2. Novo Nordisk A/S Class B 6.01%
  3. Novo Nordisk A/S Class B 6.01%
  4. Novo Nordisk A/S Class B 6.01%
  5. Novo Nordisk A/S Class B 6.01%
  6. Novo Nordisk A/S Class B 6.01%
  7. Novo Nordisk A/S Class B 6.01%
  8. Novo Nordisk A/S Class B 6.01%
  9. Novo Nordisk A/S Class B 6.01%
  10. Novo Nordisk A/S Class B 6.01%

Asset Allocation

Weighting Return Low Return High HNFIX % Rank
Stocks
96.69% 88.72% 101.51% 52.65%
Cash
3.31% -1.51% 11.28% 45.53%
Preferred Stocks
0.00% 0.00% 0.40% 98.09%
Other
0.00% -0.50% 3.64% 97.66%
Convertible Bonds
0.00% 0.00% 2.45% 98.09%
Bonds
0.00% 0.00% 0.10% 98.09%

Stock Sector Breakdown

Weighting Return Low Return High HNFIX % Rank
Technology
22.71% 1.51% 38.96% 20.43%
Healthcare
22.44% 1.36% 29.58% 8.09%
Consumer Defense
12.93% 0.00% 28.66% 19.79%
Industrials
12.91% 0.68% 31.28% 67.23%
Basic Materials
8.98% 0.00% 23.15% 24.26%
Consumer Cyclical
7.43% 2.44% 70.83% 83.19%
Financial Services
6.59% 0.00% 38.62% 87.02%
Communication Services
6.01% 0.00% 41.13% 34.89%
Utilities
0.00% 0.00% 19.97% 99.36%
Real Estate
0.00% 0.00% 17.78% 98.94%
Energy
0.00% 0.00% 16.99% 99.57%

Stock Geographic Breakdown

Weighting Return Low Return High HNFIX % Rank
Non US
91.92% 70.50% 101.51% 42.77%
US
4.77% 0.00% 26.17% 53.19%

HNFIX - Expenses

Operational Fees

HNFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.01% 2.91% 28.72%
Management Fee 0.75% 0.00% 1.50% 54.23%
12b-1 Fee 0.25% 0.00% 1.00% 57.87%
Administrative Fee N/A 0.03% 0.80% N/A

Sales Fees

HNFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HNFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

HNFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 7.00% 330.00% 71.07%

HNFIX - Distributions

Dividend Yield Analysis

HNFIX Category Low Category High HNFIX % Rank
Dividend Yield 0.00% 0.00% 3.66% 99.15%

Dividend Distribution Analysis

HNFIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

HNFIX Category Low Category High HNFIX % Rank
Net Income Ratio -0.20% -1.69% 3.16% 74.12%

Capital Gain Distribution Analysis

HNFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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HNFIX - Fund Manager Analysis

Managers

Laure Négiar


Start Date

Tenure

Tenure Rank

May 31, 2019

3.0

3.0%

Laure Négiar joined Comgest in 2010 and is an Analyst and Portfolio Manager specialising in Global equities. Laure co-manages Comgest's Global and EAFE (Global ex-US) strategies as well as the team’s segregated accounts. Before joining Comgest, she worked at BNP Paribas Equities & Derivatives in Paris and London, and prior to that worked in several roles within the US government. Laure obtained a Bachelor’s degree in Public Policy from Stanford University (with Honours and Phi Beta Kappa) before graduating on the Dean's list with an MSc in Management from the HEC business school in France. She is also a CFA® charterholder.

Zak Smerczak


Start Date

Tenure

Tenure Rank

May 31, 2019

3.0

3.0%

Zak Smerczak joined Comgest in 2016 and is an Analyst and Portfolio Manager specialising in Global equities. Zak started his career in 2006 at Deloitte in London, initially in Assurance & Advisory Services before moving to Transaction Services where he was responsible for operational and financial due diligence. In 2011, Zak joined Mirabaud Asset Management where he worked as an Analyst covering global equities. In 2015, he moved to Polar Capital Holdings where he held the position of Analyst / Portfolio Manager for the firm’s global multi-asset income strategy. Zak holds a Bachelor of Business Science Degree with Honours in Finance from the University of Cape Town. He is a CFA® charterholder and has been a member of the Institute of Chartered Accountants of Scotland since 2009.

Alexandre Narboni


Start Date

Tenure

Tenure Rank

May 31, 2019

3.0

3.0%

Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in Global equities. He is also responsible for developing and supervising - Comgest’s Flex strategies, the firm's first investment strategies to employ hedging techniques with the objective of reducing volatility and drawdowns. He previously worked in the Group’s US equity team. Before joining Comgest, he worked in New York in asset-backed securities at Société Générale from 2005-2007 and then as a hedge fund credit Analyst at HSBC. Alexandre graduated from the National School of Statistics and Economic Administration (ENSAE) in Paris and Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics.

Richard Mercado


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Richard Mercado joined Comgest in 2019 and is an Analyst and Portfolio Manager specialising in Global equities. Before joining Comgest, Rick worked in London as a Portfolio Manager responsible for a North American equities fund with USS Investment Management and prior to that, as a Global Equities Portfolio Manager with F&C Investments. From 2001-2008 he worked in Australia, with Capital Partners as an Investment Analyst and with AMP Capital Investors as an Investment Strategist. He holds a Bachelor of Science in Mathematics and a Bachelor of Commerce in Finance from the University of New South Wales. He is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 26.94 7.03 20.01