Harbor International Core Fund (HAOSX)
Harbor International Core Fund (HAOSX)
- Quant Pioneer. Acadian is a specialist in quantitative international equity strategies. Founded in 1987, it was one of the pioneers in systematic investing.
- Robust Approach. Acadian’s quantitative models are grounded in longstanding economic principles and built on years of research carried out by a sizable and experienced team of researchers.
- Continuous Improvement. Acadian’s culture is focused on collaboration and continuous improvement. A robust research calendar drives ongoing development to keep models fresh and responsive to market evolution.
- Wide-Ranging Exposure. Given its broad all-cap portfolio and style-neutral approach, the fund can serve as the sole international holding in a diversified portfolio.
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“The drivers of stock prices are multi-faceted and change frequently. In our experience, a systematic, objective approach is the best way to exploit the associated mispricing opportunities.”
Brendan Bradley
CIO, Acadian Asset Management
Performance
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Payable Date
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Holdings
Full Holdings
As of 6/30/2024
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Sector Allocations
As of 6/30/2024
International Core Fund (HAONX)
MSCI EAFE (ND) Index
Industrials
HAONX: 23.3%
Benchmark: 16.9%
Financials
HAONX: 20.2%
Benchmark: 20.0%
Information Technology
HAONX: 14.8%
Benchmark: 9.5%
Health Care
HAONX: 12.0%
Benchmark: 13.5%
Consumer Discretionary
HAONX: 10.7%
Benchmark: 11.5%
Materials
HAONX: 7.6%
Benchmark: 6.8%
Energy
HAONX: 5.4%
Benchmark: 4.2%
Communication Services
HAONX: 2.6%
Benchmark: 4.1%
Utilities
HAONX: 1.5%
Benchmark: 3.2%
Consumer Staples
HAONX: 1.3%
Benchmark: 8.5%
Cash
HAONX: 0.5%
Benchmark: NaN%
Real Estate
HAONX: 0.1%
Benchmark: 2.0%
HAONX: International Core Fund
Benchmark: MSCI EAFE (ND) Index
Sector Returns
As of 6/30/2024
Economic Sector
International Core Fund %
MSCI EAFE (ND) Index %
Communication Services
Consumer Staples
Industrials
Utilities
Health Care
Financials
Energy
Real Estate
[Unassigned]
Information Technology
Materials
Consumer Discretionary
Top 10 Countries
As of 6/30/2024
Country
International Core Fund %
MSCI EAFE (ND) Index %
Investment Team
![Acadian](/static/bcf92f6a32e7ce281c10bd60769d0e87/350f0/acadian.png)
Acadian Asset Management LLC is a global, quantitative investment manager. Acadian was founded in 1986 and is headquartered in Boston, with affiliates in Singapore, Sydney, Tokyo, and London. The firm was among the first managers to apply data and technology to the systematic evaluation of global investments over 30 years ago, and today Acadian’s proprietary database covers over 40,000 securities in more than 150 markets worldwide. Acadian’s mission is to be its clients’ most valued resource for investment insight and success, and the firm puts to use decades of global risk and return data, forecasts, factor behavior, transaction costs, risk analysis, and portfolio construction tools in service of this mission.
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Important Information
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.
As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions. The value of securities selected using quantitative analysis can react differently to issuer, political, market, and economic developments than the market as a whole or securities selected using only fundamental analysis. The factors used in quantitative analysis and the weight placed on those factors may not be predictive of a security's value. In addition, any model may contain flaws or the model may not perform as anticipated.
Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.
Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.
Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.
% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.
Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.
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