HIIGX — Harbor International Growth Fund
Data updated: 2024-09-27
HIIGX — Harbor International Growth Fund. Developed ex-US Large Cap Growth Information Technology Equity. Holdings, fees, performance and SEC filings.
HIIGX Fund Overview
HIIGX — Harbor International Growth Fund is a US mutual fund managed by Harbor Funds, categorised as Developed ex-US Large Cap Growth Information Technology 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: Developed ex-US Large Cap Growth Information Technology Equity
- Assets under management: $155.56M
- 1-year return: 0.9%
- Ticker: HIIGX
- SEC CIK: 0000793769
- SEC series ID: S000000691
- Share class ID: C000002002
HIIGX Investment Objective and Strategy
Harbor International Growth 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 (no less than 65% of its total assets under normal market conditions) in equity securities, including common and preferred stocks, of foreign companies that the Subadviser believes will experience growth and benefit from sustainable competitive advantages in their markets. The Fund may invest in companies of any size located in, or economically tied to, any country or region outside of the United States, including developed foreign and emerging markets. The Fund normally invests in at least three different countries outside of the United States. The Subadviser primarily uses proprietary, fundamental research to seek to identify companies for investment that can exhibit sustained, above-average growth with attractive financial characteristics, such as superior profit margins and returns on invested capital.
The Subadviser normally evaluates these characteristics over a three to five year time horizon. When evaluating individual companies for investment, the Subadviser normally focuses on the following: Opportunity: The Subadviser looks for companies that have identifiable and sustainable competitive advantages, which will enable the company to achieve above average growth rates. These competitive advantages include the degree to which there are barriers to entry in the market, the uniqueness of the company's product offerings, any enduring cost or technology advantages and the loyalty of the company's customers. Execution: The Subadviser looks for companies that have management teams that are capable of capitalizing on the opportunities available to them. This analysis involves an assessment of the strength of the company's financial position, including its ability to fund growth opportunities internally through sufficiently attractive profit margins, and an assessment of the management team's actions, including how management chooses to put excess capital to work through reinvestment or acquisitions.
Valuation: After identifying a pool of companies with attractive growth opportunities and capable management teams, the Subadviser then focuses on identifying those companies that are undervalued relative to their current stock price based upon the Subadviser's view of the company's future growth potential. The Subadviser may, from time to time and at its discretion, seek to hedge the value of a portion of the Fund's foreign currency exposure to attempt to preserve the value of the Fund's investments in U.S. dollar terms. However, the Subadviser does not normally expect to hedge the Fund's foreign currency exposure. The Subadviser may sell or reduce the Fund's investment in a portfolio security if the Subadviser detects a material diminution to either the company's growth opportunity or in the level of confidence the Subadviser has in company management's ability to exploit that opportunity.
This may occur as a result of a new technological or competitive threat to the company or industry or an unexpected change in strategic direction from company management. The Subadviser also regularly considers the company's valuation, and whether the current stock price has risen to a level that better reflects the Subadviser's view of the company's future growth potential. However, the Subadviser does not normally trade based upon short-term price movements, as it considers such moves to be poor predictors of long-term results.
HIIGX Holdings
Top 10 holdings of Harbor International Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 5.89% |
| ASML Holding NV | 3.24% |
| United Overseas Bank Ltd | 2.90% |
| Investor AB | 2.41% |
| Auto Trader Group PLC | 2.32% |
| Atlas Copco AB | 2.24% |
| MercadoLibre Inc | 2.10% |
| Lonza Group AG | 2.04% |
| Experian PLC | 1.99% |
| Cie Financiere Richemont SA | 1.89% |
HIIGX Portfolio Allocation
Asset-class allocation of Harbor International Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
HIIGX Performance
Total returns for HIIGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.9% |
| 3 years (annualised) | -8.6% |
| 5 years (annualised) | 3.2% |
HIIGX Risk Information
Risk metrics for HIIGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.8%
HIIGX Costs and Fees
HIIGX costs about $121 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.21%
- Gross expense ratio: 1.29%
- Portfolio turnover: 14%
- Brokerage commissions: 2.13 bps of average net assets (SEC N-CEN)
HIIGX Cashflows
Over the 12 months to 2024-07, Harbor International Growth Fund had net outflows of $210.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | −$1.34M |
| 2024-06 | −$40.14M |
| 2024-05 | −$10.72M |
| 2024-04 | −$2.27M |
| 2024-03 | −$37.50M |
| 2024-02 | −$11.83M |
HIIGX Debt Constituents
No individual debt constituents are reported in Harbor International Growth Fund's latest SEC N-PORT filing.
HIIGX Prospectus and SEC Filings
Official Harbor International Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-29
- Prospectus (485BPOS) — filed 2023-02-24
- Prospectus (485BPOS) — filed 2022-02-23
- Portfolio holdings (N-PORT) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2024-04-01
- Annual census (N-CEN) — filed 2024-01-11
- Annual census (N-CEN) — filed 2023-01-11
Related Funds
Other Developed ex-US Large Cap Growth Information Technology 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.