HAEMX — Harbor Emerging Markets Equity Fund
Data updated: 2023-01-11
HAEMX — Harbor Emerging Markets Equity Fund. China Value Equity · $6.24M AUM · 0.96% expense ratio. Holdings, fees, performance and SEC filings.
HAEMX Fund Overview
HAEMX — Harbor Emerging Markets Equity Fund is a US mutual fund managed by Harbor Funds, categorised as China Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Harbor Funds
- Category: China Value Equity
- Assets under management: $6.24M
- 1-year return: -32.4%
- Ticker: HAEMX
- SEC CIK: 0000793769
- SEC series ID: S000042777
- Share class ID: C000132317
HAEMX Investment Objective and Strategy
Harbor Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Harbor Funds.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
The Fund invests primarily (at least 80% of its net assets, plus borrowings for investment purposes, under normal market conditions) in equity securities, including common and preferred stocks, of emerging market companies that the Subadviser believes have been undervalued in the market relative to their ability to generate strong cash flows and attractive returns on capital. Emerging market companies are considered to be those that are located in, or economically tied to, emerging market countries or that maintain securities that principally trade on exchanges located in emerging market countries. Emerging market countries primarily include those countries that comprise the MSCI Emerging Markets (ND) Index, but may include other countries with similar characteristics. As of January 31, 2018, the MSCI Emerging Markets (ND) Index includes the following 24 emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The Subadviser uses proprietary, fundamental research to identify companies with solid businesses for investment that it believes have an intrinsic value that is higher than the company's value as determined by its current stock price. When selecting individual companies for investment, the Subadviser normally looks for: Sound management Quality business model Positive cash flow generation Strong market position Industry growth potential Sustainable advantages Stock trading at a significant discount to intrinsic value In constructing the overall portfolio of investments for the Fund, the Subadviser actively considers the risk of loss that can occur as a result of unpredictable market events and seeks to construct a portfolio that is appropriately diversified across various countries and sectors.
The Subadviser also carefully monitors developments on both the company level and global macro level to seek to identify circumstances that could cause the risk in the portfolio to increase beyond desired levels. The Subadviser may sell or reduce the Fund's investment in a portfolio security if the Subadviser detects a less appealing risk/reward profile for the company, price appreciation in the company's stock resulting in overvaluation, deceleration of the company's revenue or earnings growth, deterioration in the company's business, or issues developing with company management.
HAEMX Performance
Total returns for HAEMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -32.4% |
| 3 years (annualised) | -2.8% |
HAEMX Risk Information
Risk metrics for HAEMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.4%
HAEMX Costs and Fees
HAEMX costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 1.55%
- Portfolio turnover: 103%
- Brokerage commissions: 8.23 bps of average net assets (SEC N-CEN)
HAEMX Cashflows
Over the 12 months to 2022-10, Harbor Emerging Markets Equity Fund had net outflows of $22.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | −$5.37M |
| 2022-09 | −$4.62M |
| 2022-08 | −$11.30K |
| 2022-07 | −$375.70K |
| 2022-06 | $394.11K |
| 2022-05 | $165.08K |
HAEMX Debt Constituents
No individual debt constituents are reported in Harbor Emerging Markets Equity Fund's latest SEC N-PORT filing.
HAEMX Prospectus and SEC Filings
Official Harbor Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-23
- Prospectus (485BPOS) — filed 2021-02-23
- Prospectus supplement (497) — filed 2020-08-27
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-29
- Portfolio holdings (N-PORT) — filed 2022-06-29
- Annual census (N-CEN) — filed 2023-01-11
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other China Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.