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Trending ETFs

Name

As of 08/23/2023

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

$24.05

$40.8 M

0.00%

$0.00

1.31%

Vitals

YTD Return

11.8%

1 yr return

3.8%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

5.2%

Net Assets

$40.8 M

Holdings in Top 10

40.1%

52 WEEK LOW AND HIGH

$24.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/23/2023

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

$24.05

$40.8 M

0.00%

$0.00

1.31%

HGGIX - Profile

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Harbor Global Leaders Fund
  • Fund Family Name
    Harbor
  • Inception Date
    Mar 02, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sunil Thakor

Fund Description

The Fund invests primarily in the equity securities of companies located anywhere in the world, including in developed and emerging markets. Under normal market conditions, the Fund expects to invest in at least three countries, including the United States, and invest at least 40% of its assets in foreign companies.The Fund may invest in companies at any stage of their growth lifecycles but will focus on companies that the Subadvisor believes are capable of generating sustainable, above-average, and relatively stable rates of earnings per share growth and strong free cash flows. The Subadvisor seeks investment opportunities in companies that the Subadvisor believes are leaders in their country, industry, or globally in terms of products, services, or execution. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalization companies. As such, the Fund will generally not invest in companies with a market capitalization of less than $2 billion at the time of acquisition, and its total median market capitalization will typically be significantly greater than that of the MSCI All Country World Index, the Fund’s benchmark.In selecting securities for the Fund, the Subadvisor utilizes a fundamental, bottom-up, business-focused research approach. The Subadvisor seeks to identify growing businesses that meet the following six investment criteria:Sustainable above-average earnings growth;Leadership position in a promising business space;Significant competitive advantages;Clear mission and value-added focus;Financial strength; andRational valuation relative to the market and business prospects.Companies that the Subadvisor determines may meet all six investment criteria are then analyzed with in-depth qualitative and quantitative research, including competitive analysis and proprietary financial modeling. The Subadvisor integrates environmental, social, and governance factors into its investment process and as part of its overall portfolio decision making process.The investment process generally results in a portfolio of 30-50 companies and, from time to time, may result in more substantial investments in particular sectors. Sector allocations are the outcome of the Subadvisor’s bottom-up investment process. From time to time, the Fund may have significant investments in one or more countries. The Fund may invest up to the greater of 30% of its assets or three times the emerging markets component of the Index, in securities of companies located in emerging markets. As of December 31, 2022, the emerging markets component of the Index comprised 10.4% of the total index.The Subadvisor believes that environmental, social and governance (“ESG”) factors are implicit in the six investment criteria discussed above. The Subadvisor considers the context for each business when determining the ESG issues that matter to its investment case and their relative importance in expected business outcomes and long-term investment results. Accordingly, ESG factors may vary depending on region, country, industry and company. Analysis of ESG factors is integrated into the investment decision-making process to the extent the Subadvisor believes it may affect the sustainability of a company’s value-creating potential.The Fund intends to hold securities for the longer term, generally three to five years. The Subadvisor may sell or trim back a particular holding as a result of the Subadvisor’s identification of an issue that negatively impacts the Subadvisor’s assessment of one or more of the six investment criteria discussed above that the Subadvisorbelieves cannot be resolved within an acceptable time frame. The Subadvisor may also sell a holding if it believes the security has become materially overvalued relative to its underlying business, for risk management purposes, and/or if a more attractive investment opportunity is identified.The equity securities in which the Fund invests include common stocks as well as preferred securities. The Fund may also purchase American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs and, together with ADRs and EDRs, “Depositary Receipts”), which 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.The Fund may use foreign exchange spot contracts and foreign exchange forwards to seek to hedge currency exposure. A foreign exchange spot contract is an agreement to buy or sell a specific currency for immediate delivery (i.e., “on the spot”) as opposed to a set date in the future. 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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HGGIX - Performance

Return Ranking - Trailing

Period HGGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -35.6% 29.2% 95.64%
1 Yr 3.8% 17.3% 252.4% 62.84%
3 Yr -1.8%* -3.5% 34.6% 9.98%
5 Yr 5.2%* 0.1% 32.7% 17.18%
10 Yr 8.3%* -6.9% 18.3% 12.43%

* Annualized

Return Ranking - Calendar

Period HGGIX Return Category Return Low Category Return High Rank in Category (%)
2023 -35.8% -24.3% 957.1% 34.40%
2022 -3.9% -38.3% 47.1% 17.45%
2021 16.6% -54.2% 0.6% 1.21%
2020 27.8% -76.0% 54.1% 47.14%
2019 -0.7% -26.1% 47.8% 92.98%

Total Return Ranking - Trailing

Period HGGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -35.6% 29.2% 95.86%
1 Yr 3.8% 11.4% 252.4% 58.64%
3 Yr -1.8%* -3.5% 34.6% 9.37%
5 Yr 5.2%* 0.1% 32.7% 16.38%
10 Yr 8.3%* -6.9% 18.3% 12.06%

* Annualized

Total Return Ranking - Calendar

Period HGGIX Return Category Return Low Category Return High Rank in Category (%)
2023 -29.9% -24.3% 957.1% 34.40%
2022 7.1% -33.1% 47.1% 17.57%
2021 26.2% -44.4% 1.8% 0.13%
2020 34.9% -6.5% 54.1% 14.06%
2019 1.8% -14.4% 47.8% 97.45%

NAV & Total Return History


HGGIX - Holdings

Concentration Analysis

HGGIX Category Low Category High HGGIX % Rank
Net Assets 40.8 M 199 K 133 B 69.19%
Number of Holdings 39 1 9075 82.82%
Net Assets in Top 10 39.4 M -18 M 37.6 B 66.74%
Weighting of Top 10 40.05% 9.1% 100.0% 31.46%

Top 10 Holdings

  1. Roper Technologies Inc 4.67%
  2. Cloudflare Inc 4.39%
  3. AIA Group Ltd 4.31%
  4. AIA Group Ltd 4.31%
  5. AIA Group Ltd 4.31%
  6. AIA Group Ltd 4.31%
  7. AIA Group Ltd 4.31%
  8. AIA Group Ltd 4.31%
  9. AIA Group Ltd 4.31%
  10. AIA Group Ltd 4.31%

Asset Allocation

Weighting Return Low Return High HGGIX % Rank
Stocks
98.30% 61.84% 125.47% 36.23%
Cash
1.70% -174.70% 23.12% 57.82%
Preferred Stocks
0.00% -0.01% 5.28% 58.81%
Other
0.00% -13.98% 19.14% 62.44%
Convertible Bonds
0.00% 0.00% 4.46% 53.74%
Bonds
0.00% -1.50% 161.67% 55.62%

Stock Sector Breakdown

Weighting Return Low Return High HGGIX % Rank
Technology
24.78% 0.00% 49.87% 45.48%
Healthcare
19.95% 0.00% 35.42% 25.88%
Industrials
14.94% 0.00% 44.06% 6.61%
Financial Services
14.51% 0.00% 38.42% 65.86%
Consumer Cyclical
10.01% 0.00% 40.94% 91.30%
Communication Services
8.54% 0.00% 57.66% 30.07%
Consumer Defense
4.37% 0.00% 73.28% 20.04%
Real Estate
2.89% 0.00% 39.48% 7.49%
Utilities
0.00% 0.00% 29.12% 85.13%
Energy
0.00% 0.00% 21.15% 82.71%
Basic Materials
0.00% 0.00% 38.60% 92.51%

Stock Geographic Breakdown

Weighting Return Low Return High HGGIX % Rank
US
60.73% 0.13% 103.82% 54.07%
Non US
37.57% 0.58% 99.46% 39.10%

HGGIX - Expenses

Operational Fees

HGGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.01% 44.27% 40.48%
Management Fee 0.75% 0.00% 1.82% 58.53%
12b-1 Fee 0.25% 0.00% 1.00% 35.48%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

HGGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HGGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 56.58%

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.

HGGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 395.00% 69.04%

HGGIX - Distributions

Dividend Yield Analysis

HGGIX Category Low Category High HGGIX % Rank
Dividend Yield 0.00% 0.00% 3.26% 53.28%

Dividend Distribution Analysis

HGGIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

HGGIX Category Low Category High HGGIX % Rank
Net Income Ratio -0.69% -4.27% 12.65% 86.48%

Capital Gain Distribution Analysis

HGGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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HGGIX - Fund Manager Analysis

Managers

Sunil Thakor


Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

Sunil H. Thakor, CFA - Sr. Portfolio Manager, Research Analyst Joined Sands Capital in 2004 • Research Analyst, Portfolio Manager (2007-2008) • Research Analyst (2005-2007) • Research Intern (2004) • Charles River Associates, Inc. (1999-2004) Los Angeles, CA • Associate Boston, MA • Analyst Columbia University • MBA, Columbia Business School (2006) Colby College • BA, Economics-Mathematics (1999)

Michael Raab


Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Michael F. Raab, CFA, - Portfolio Manager, Sr. Research Analyst, Associate Director of Research Joined Sands Capital in 2007 Research Analyst, Associate Director of Research (2009-2016) Research Associate (2007-2009) SNL Financial (2006-2007) Charlottesville, VA • Analyst University of Maryland MBA, Robert H. Smith School of Business (2011) University of Virginia BA, Economics (2006)

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25