Morningstar

Harbor International Compounders Fund Retirement Class HNICX

Morningstar Medalist Rating
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Medalist Rating as of See Harbor Investment Hub
  • NAV / 1-Day Return $10.87  /  +0.55 %
  • Fund Size $47.2M
  • Adjusted Expense Ratio 0.550%
  • Net Expense Ratio 0.550%
  • Fee Level: Distribution Low
  • Share Class Type Retirement, Large
  • Morningstar Category Foreign Large Growth
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 1.36%
  • Turnover Ratio 23%
NAV and 1-Day Return as of

Morningstar’s Analysis HNICX

Will HNICX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HNICX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HNICX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HNICX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A hostile market for quality-growth tests conviction, but the team and process remain Above Average.

Senior Analyst Shamir Popat

Shamir Popat

Senior Analyst

Summary

Harbor International Compounders ETF continues to earn our conviction because of the merits of subadvisor C WorldWide’s people and process, despite the sharp underperformance since 2024. This weakness reflects the investment philosophy's known trade-offs more than a deterioration in the team or the underlying process.

by Shamir Popat
Rated on Published on

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Portfolio Holdings HNICX

More HNICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd ADR

7.57 3M
Technology

ASML Holding NV

6.29 3M
Technology

Hoya Corp

4.24 2M
Healthcare

Deutsche Boerse AG

4.21 2M
Financial Services

Schneider Electric SE

4.18 2M
Industrials

SAP SE

4.12 2M
Technology

Siemens AG

4.10 2M
Industrials

AstraZeneca PLC

3.91 2M
Healthcare

AIA Group Ltd

3.71 2M
Financial Services

SSE PLC

3.54 2M
Utilities

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