Fund Facts  

Inception Date: Nov 1, 2002
Ticker Symbol: HIINX
Morningstar Category:Foreign Large Blend
As of Mar 31, 2016
Fund Net Assets ($millions) $40,500

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term total return, principally from growth of capital.

Principal Investment Strategies  

The fund invests normally in a minimum of ten countries throughout the world, focusing on companies located in Europe, the Pacific Basin and emerging industrialized countries whose economies and political regimes appear stable. It invests primarily (no less than 65% of its total assets) in common and preferred stocks of foreign companies, including those located in emerging market countries. Companies in the fund's portfolio generally have market capitalizations in excess of $1 billion at the time of purchase.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Harbor International Investora0.41%0.41%-8.95%0.65%1.29%3.30%9.11%
MSCI EAFE Index (Net)a,b-3.01%-3.01%-8.27%2.23%2.29%1.80%N/A
Morningstar Foreign Large Blenda,c-1.98%-1.98%-7.99%1.72%1.61%1.57%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.15%
Fee waiver and/or expense reimbursement0.02%
Total expenses1.13%

A contractual expense waiver exists for this fund and will expire on 02-28-2017.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The MSCI Europe Australasia Far East (EAFE) Index (Net) is a free float-adjusted market capitalization index of equity securities that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 17, 2015Dec 17, 2015$2.549950000
Dec 18, 2014Dec 18, 2014$1.140220000
Dec 17, 2013Dec 17, 2013$1.253490000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 3 Stars712
3-Year 2 Stars712
5-Year 3 Stars624
10-Year 4 Stars359

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Large Blend
Allocation of Assets As of Dec 31, 2015
Type of Asset Percent
Equity94%
Fixed Income0%
Cash/Other6%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2015
Asset ClassPercent
Domestic Stock8.1%
Foreign Stock86.3%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash3.7%
Other2.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Dec 31, 2015
SectorPercent
Financial Services19.8%
Healthcare17.4%
Consumer Defensive15.9%
Consumer Cyclical15.8%
Industrials8.8%
Basic Materials7.8%
Technology3.4%
Real Estate2.8%
Energy2.1%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Dec 31, 2015
CountryPercent
France20.0%
Switzerland14.8%
United Kingdom13.3%
Germany9.2%
Japan8.6%
United States8.1%
Denmark3.9%
Sweden3.8%
Spain2.5%
China2.5%
Top Ten Holdings As of Dec 31, 2015
Holding NamePercent
Novo Nordisk A/S B3.9%
Las Vegas Sands Corp3.4%
Roche Holding AG Dividend Right Cert.3.3%
Unibail-Rodamco SE2.8%
Novartis AG2.7%
Allianz SE2.6%
Essilor International SA2.5%
Alibaba Group Holding Ltd ADR2.5%
Diageo PLC2.5%
Shire PLC2.4%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta1.001.02
Alpha0.381.05
Standard Deviation14.0216.33
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.