ContactHarbor 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.
Related Products to Consider
Overview
Investment Team
As of 12/31/2023
3/1/2019
Inception Date
0.85
Net Expense Ratio
1.07
Gross Expense Ratio
$199.862
Total Fund Net Assets (million)
As of 12/31/2023
$180.032
Total Share Class Net Assets (million)
As of 12/31/2023
HAOSX
Ticker
2044
Fund Number
Share Class:
Institutional Class
“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
3 Mo.
YTD Return
1 Yr.
3 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
International Core Fund
10.99%
13.72%
13.72%
4.74%
7.58%
0.85%
1.07%
MSCI EAFE (ND) Index
10.42%
18.24%
18.24%
4.02%
6.48%
--
--
Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.
The MSCI EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.
Price History
Distribution History
Record Date
Reinvest Date
Payable Date
Return of Capital Non Taxable Dist
Ordinary Income
Total Capital Gains
Short Term Capital Gains
Mid Term Capital Gains
Long Term Capital Gains
Total Distribution
Foreign Tax Credit
Reinvest Price
12/18/2023
12/19/2023
12/19/2023
0.00000
0.23903
0.00000
--
0.00000
--
0.23903
0.02688
11.62
12/16/2022
12/19/2022
12/19/2022
0.00000
0.26737
0.00000
--
0.00000
--
0.26737
0.02262
10.47
12/17/2021
12/20/2021
12/20/2021
0.00000
0.35185
0.99751
0.08911
0.00000
0.90840
1.34936
0.02905
12.26
12/16/2020
12/17/2020
12/17/2020
0.00000
0.15994
0.00000
0.00000
0.00000
0.00000
0.15994
0.02756
11.79
12/13/2019
12/16/2019
12/16/2019
0.00000
0.26156
0.00000
0.00000
0.00000
0.00000
0.26156
0.02201
10.62
Holdings
Full Holdings
As of 9/30/2023
Download: Full Holdings (csv)
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
PRT Company Limited [PRT]
34
NaN
NaN
NaN
PT Jaya Bersama Indo [DUCK]
83
NaN
NaN
NaN
Novo Nordisk A/S Class B [NOVO.B]
60
91.42
5,473
3.7
BP p.l.c. Sponsored ADR [BP]
110
38.72
4,241
2.8
Industria de Diseno Textil S.A. [ITX]
97
37.36
3,636
2.4
Hermes International SCA [RMS]
2
1,831.43
3,258
2.2
Stellantis N.V. [STLAM]
169
19.28
3,252
2.2
Wolters Kluwer N.V. [WKL]
27
121.39
3,223
2.2
Volvo AB Class B [VOLV.B]
153
20.77
3,175
2.1
SAP SE [SAP]
23
130.04
3,044
2.0
Roche Holding Ltd Dividend Right Cert. [ROG]
10
273.78
2,846
1.9
ABB Ltd. [ABBN]
68
35.85
2,423
1.6
Rio Tinto plc Sponsored ADR [RIO]
38
63.64
2,391
1.6
E.ON SE [EOAN]
194
11.86
2,298
1.5
NEC Corp. [6701]
40
55.36
2,220
1.5
A.P. Moller - Maersk A/S Class B [MAERSK.B]
1
1,808.13
2,191
1.5
Check Point Software Technologies Ltd. [CHKP]
16
133.28
2,105
1.4
James Hardie Industries PLC Chess Units of Foreign Securities [JHX]
75
26.33
1,980
1.3
Compagnie de Saint-Gobain SA [SGO]
32
60.22
1,912
1.3
Heidelberg Materials AG [HEI]
23
77.84
1,781
1.2
iShares MSCI EAFE ETF [EFA]
26
68.92
1,780
1.2
Kuehne & Nagel International AG [KNIN]
6
285.31
1,703
1.1
Shionogi & Co. Ltd. [4507]
38
44.80
1,698
1.1
Centrica plc [CNA]
884
1.89
1,667
1.1
DSV A/S [DSV]
9
187.27
1,670
1.1
Swatch Group Ltd. Bearer [UHR]
6
257.32
1,642
1.1
Deutsche Boerse AG [DB1]
9
173.32
1,600
1.1
Singapore Airlines Ltd. [C6L]
338
4.73
1,602
1.1
Daimler Truck Holding AG [DTG]
45
34.75
1,557
1.0
Nissan Motor Co. Ltd. [7201]
352
4.42
1,558
1.0
Sage Group plc [SGE]
124
12.07
1,491
1.0
Wix.com Ltd. [WIX]
15
91.80
1,415
1.0
China Construction Bank Corporation Class H [939]
2,463
0.56
1,390
0.9
Schindler Holding AG Pref [SCHP]
7
200.04
1,380
0.9
H&M Hennes & Mauritz AB Class B [HM.B]
95
14.31
1,365
0.9
Novartis AG [NOVN]
13
102.61
1,365
0.9
Nippon Shinyaku Co. Ltd. [4516]
32
42.41
1,344
0.9
Qantas Airways Limited [QAN]
392
3.34
1,309
0.9
Shell Plc [SHEL]
41
31.81
1,289
0.9
Pandora A/S [PNDORA]
12
103.87
1,273
0.9
Thales SA [HO]
9
140.92
1,222
0.8
La Francaise des Jeux SA [FDJ]
37
32.61
1,199
0.8
Rolls-Royce Holdings plc [RR]
441
2.70
1,190
0.8
Spotify Technology SA [SPOT]
8
154.64
1,198
0.8
Honda Motor Co. Ltd. [7267]
95
11.27
1,075
0.7
Atlas Copco AB Class A [ATCO.A]
70
13.55
947
0.6
SUBARU CORP [7270]
49
19.47
954
0.6
PetroChina Company Limited Class H [857]
1,254
0.75
945
0.6
Otsuka Holdings Co. Ltd. [4578]
26
35.60
922
0.6
Mitsubishi Electric Corp. [6503]
71
12.39
875
0.6
Vipshop Holdings Ltd Sponsored ADR [VIPS]
55
16.01
878
0.6
Eni S.p.A. [ENI]
53
16.15
864
0.6
monday.com Ltd. [MNDY]
5
159.22
855
0.6
Bluescope Steel Limited [BSL]
67
12.55
842
0.6
UniCredit S.p.A. [UCG]
35
24.07
837
0.6
Orica Limited [ORI]
81
10.06
814
0.5
UBS Group AG [UBSG]
33
24.80
826
0.5
Deutsche Lufthansa AG [LHA]
99
7.95
789
0.5
Rexel SA [RXL]
34
22.55
769
0.5
Japan Exchange Group Inc. [8697]
41
18.59
764
0.5
OMV AG [OMV]
16
47.98
748
0.5
Bangkok Bank Public Company Limited NVDR [BBL.R]
151
4.60
694
0.5
Fujitsu Limited [6702]
6
117.94
696
0.5
Seiko Epson Corp. [6724]
45
15.74
705
0.5
JAPAN POST INSURANCE Co. Ltd. [7181]
41
16.89
686
0.5
Standard Chartered PLC [STAN]
72
9.25
666
0.5
Recordati Industria Chimica e Farmaceutica S.p.A. [REC]
14
47.34
653
0.4
Ricoh Company Ltd. [7752]
75
8.65
651
0.4
PTT Exploration & Production Plc NVDR [PTTEP.R]
137
4.70
642
0.4
Publicis Groupe SA [PUB]
9
75.98
648
0.4
Knorr-Bremse AG [KBX]
10
63.72
627
0.4
Wartsila Oyj Abp [WRT1V]
55
11.39
628
0.4
Aristocrat Leisure Limited [ALL]
23
26.36
601
0.4
TMX Group Ltd. [X]
28
21.59
594
0.4
Recruit Holdings Co. Ltd. [6098]
19
30.89
578
0.4
China Pacific Insurance (Group) Co. Ltd. Class H [2601]
227
2.50
568
0.4
Kawasaki Kisen Kaisha Ltd. [9107]
16
34.20
547
0.4
Otsuka Corporation [4768]
13
42.43
535
0.4
Cochlear Limited [COH]
3
164.78
522
0.4
Iluka Resources Limited [ILU]
105
4.96
521
0.4
NICE Ltd. Sponsored ADR [NICE]
3
170.00
519
0.4
Capcom Co. Ltd. [9697]
14
36.09
512
0.3
Brother Industries Ltd. [6448]
31
16.14
495
0.3
Futu Holdings Ltd. Sponsored ADR Class A [FUTU]
9
57.81
495
0.3
Investec plc [INP]
84
5.90
495
0.3
South32 Ltd. [S32]
219
2.19
480
0.3
Siemens Aktiengesellschaft [SIE]
3
143.63
457
0.3
Washington H. Soul Pattinson and Co. Ltd. [SOL]
22
21.03
463
0.3
Disco Corporation [6146]
2
184.82
444
0.3
Brambles Limited [BXB]
47
9.24
435
0.3
ONO Pharmaceutical Co. Ltd. [4528]
22
19.22
429
0.3
HitachiLtd. [6501]
7
62.15
423
0.3
International Consolidated Airlines Group SA [IAG]
228
1.81
412
0.3
voestalpine AG [VOE]
15
27.36
417
0.3
Leonardo SpA [LDO]
28
14.46
402
0.3
Pro Medicus Limited [PME]
8
53.82
404
0.3
MINISO Group Holding Ltd. Sponsored ADR [MNSO]
15
25.90
393
0.3
Whitehaven Coal Limited [WHC]
83
4.59
382
0.3
Panasonic Holdings Corporation [6752]
33
11.27
372
0.3
SKF AB Class B [SKF.B]
22
16.77
375
0.3
Ampol Limited [ALD]
16
21.81
357
0.2
Demant A/S [DEMANT]
9
41.54
362
0.2
Man Group PLC [EMG]
131
2.73
358
0.2
Emirates NBD Bank (P.J.S.C) [EMIRATESNBD]
70
4.85
339
0.2
Whitbread PLC [WTB]
8
42.28
348
0.2
New Hope Corporation Limited [NHC]
79
4.10
323
0.2
Suzuki Motor Corp. [7269]
8
40.31
327
0.2
CyberArk Software Ltd. [CYBR]
2
163.77
310
0.2
Assicurazioni Generali S.p.A. [G]
15
20.50
297
0.2
Hoegh Autoliners ASA [HAUTO]
40
7.24
292
0.2
MACNICA HOLDINGS INC. [3132]
6
47.11
292
0.2
thyssenkrupp AG [TKA]
40
7.65
303
0.2
Miura Co. Ltd. [6005]
14
20.17
288
0.2
SAWAI GROUP HOLDINGS Co. Ltd. [4887]
9
30.68
264
0.2
Trend Micro Incorporated [4704]
7
37.98
273
0.2
Erste Group Bank AG [EBS]
7
34.75
254
0.2
GEA Group Aktiengesellschaft [G1A]
7
37.01
251
0.2
Partners Group Holding AG [PGHN]
0
1,130.85
260
0.2
PT Adaro Energy Indonesia Tbk [ADRO]
1,395
0.18
257
0.2
RATIONAL AG [RAA]
0
635.25
260
0.2
Emaar Properties (P.J.S.C) [EMAAR]
107
2.19
235
0.2
OBIC Co. Ltd. [4684]
2
152.02
243
0.2
Technip Energies NV [TE]
9
24.95
235
0.2
ANZ Group Holdings Limited [ANZ]
13
16.56
217
0.2
Banca Mediolanum SpA [BMED]
27
8.58
229
0.2
Kokuyo Co. Ltd. [7984]
14
15.89
226
0.2
Raiffeisen Bank International AG [RBI]
15
14.62
218
0.2
Sega Sammy Holdings Inc. [6460]
12
18.49
226
0.2
TMBThanachart Bank Public Company Limited NVDR [TTB.R]
4,878
0.05
230
0.2
BKW AG [BKW]
1
176.54
207
0.1
Dassault Aviation SA [AM]
1
188.88
213
0.1
Ipsen SA [IPN]
1
131.50
189
0.1
Samudera Shipping Line Ltd [S56]
342
0.55
188
0.1
A2A S.p.A. [A2A]
99
1.79
177
0.1
Celestica Inc. [CLS]
7
24.59
179
0.1
Enghouse Systems Limited [ENGH]
8
22.17
179
0.1
Hanwa Co. Ltd. [8078]
6
31.80
184
0.1
Santen Pharmaceutical Co. Ltd. [4536]
19
9.20
175
0.1
TIS Inc. [3626]
8
22.07
185
0.1
CES Energy Solutions Corp [CEU]
56
2.85
159
0.1
Krung Thai Bank Public Co. Ltd. NVDR [KTB.R]
301
0.52
157
0.1
Schroders PLC [SDR]
33
4.97
163
0.1
SCREEN Holdings Co. Ltd [7735]
3
48.79
166
0.1
Sembcorp Industries Ltd. [U96]
46
3.73
170
0.1
Toyota Industries Corp. [6201]
2
78.91
166
0.1
Wendel SE [MF]
2
79.46
161
0.1
Datatec Limited [DTC]
78
1.91
149
0.1
Durr AG [DUE]
5
27.21
147
0.1
PT Baramulti Suksessarana Tbk [BSSR]
552
0.26
144
0.1
PT United Tractors Tbk [UNTR]
81
1.83
148
0.1
Saab AB Class B [SAAB.B]
3
51.25
149
0.1
Sanken Electric Co. Ltd. [6707]
3
60.78
152
0.1
Spectris plc [SXS]
4
41.43
153
0.1
Tokuyama Corporation [4043]
10
15.75
151
0.1
Experian PLC [EXPN]
4
32.84
138
0.1
Kakaku.com Inc. [2371]
14
10.17
138
0.1
Medipal Holdings Corporation [7459]
8
16.94
127
0.1
Padini Holdings Bhd. [7052]
153
0.84
129
0.1
PHX Energy Services Corp. [PHX]
23
5.73
132
0.1
PT Bank Danamon Indonesia Tbk Class A [BDMN]
741
0.19
137
0.1
Stelco Holdings Inc. [STLC]
5
27.76
142
0.1
Taisho Pharmaceutical Holdings Co. Ltd. [4581]
3
41.30
132
0.1
IMI plc [IMI]
6
19.14
124
0.1
Maxell Ltd. [6810]
11
11.21
127
0.1
PT Wismilak Inti Makmur Tbk [WIIM]
652
0.19
121
0.1
SITC International Holdings Co. Ltd. [1308]
75
1.68
126
0.1
Sopra Steria Group SA [SOP]
1
207.41
118
0.1
TEXT Spolka Akcyjna [TXT]
4
33.31
118
0.1
Buzzi Spa [BZU]
4
27.44
101
0.1
CEWE Stiftung & Co. KGaA [CWC]
1
93.28
100
0.1
Chiyoda Integre Co. Ltd. [6915]
6
18.54
104
0.1
Coveo Solutions Inc. [CVO]
15
7.55
110
0.1
Iveco Group NV [IVG]
12
9.38
110
0.1
JOYY Inc. Sponsored ADR Class A [YY]
3
38.11
108
0.1
KSB SE & Co. KGaA Vorz.Akt. ohne Stimmrecht [KSB3]
0
603.49
104
0.1
Pason Systems Inc. [PSI]
11
9.97
105
0.1
Sankyu Inc. [9065]
3
34.65
97
0.1
Adastria Co.Ltd. [2685]
5
19.31
97
0.1
AEON Delight Co. Ltd. [9787]
4
22.05
88
0.1
Awa Bank Ltd. [8388]
6
15.36
88
0.1
Bulten AB [BULTEN]
13
6.42
83
0.1
Christian Dior SE [CDI]
0
737.95
86
0.1
Coca-Cola HBC AG [CCH]
3
27.45
94
0.1
en Japan Inc. [4849]
5
15.60
83
0.1
FirstGroup plc [FGP]
51
1.84
93
0.1
Georg Fischer AG [GF]
2
56.46
95
0.1
Konica Minolta Inc. [4902]
28
3.26
90
0.1
MARTINREA International Inc. [MRE]
9
9.25
83
0.1
Megachips Corporation [6875]
3
28.01
87
0.1
MEG Energy Corp. [MEG]
5
19.55
92
0.1
Mimasu Semiconductor Industry Co. Ltd. [8155]
5
18.64
88
0.1
Sumitomo Pharma Co.Ltd. [4506]
27
3.59
95
0.1
WARABEYA NICHIYO HOLDINGS Co. Ltd. [2918]
5
18.94
87
0.1
Air Arabia PJSC [AIRARABIA]
104
0.77
80
0.1
BAE Systems plc [BA]
6
12.18
72
0.1
CCK Consolidated Holdings Bhd. [7035]
470
0.17
80
0.1
Chesnara Plc [CSN]
22
3.36
72
0.1
Dentsu Group Inc. [4324]
2
29.49
68
0.1
ELVALHALCOR Hellenic Copper and Aluminium Industry S.A. [ELHA]
35
1.94
68
0.1
Fujimori Kogyo Co. Ltd. [7917]
3
24.90
72
0.1
Fukuda Denshi Co. Ltd. [6960]
2
36.39
80
0.1
Future Corporation [4722]
8
10.09
78
0.1
Hyakugo Bank Ltd. [8368]
22
3.59
80
0.1
Kanematsu Corporation [8020]
5
13.86
68
0.1
Lanna Resources Public Co. Ltd. NVDR [LANNA.R]
163
0.43
70
0.1
Mitsubishi Shokuhin Co. Ltd. [7451]
3
26.14
68
0.1
Musashino Bank Ltd. [8336]
4
18.52
69
0.1
Sankyo Co. Ltd. [6417]
2
45.93
69
0.1
Shawcor Ltd [MATR]
6
11.75
67
0.1
Supremex Inc. [SXP]
21
3.20
68
0.1
Tokyo Seimitsu Co. Ltd [7729]
2
50.19
75
0.1
Viemed Healthcare Inc [VMD]
11
6.74
71
0.1
YTL Power International Bhd. [6742]
169
0.44
74
0.1
Zenkoku Hosho Co. Ltd. [7164]
2
32.91
72
0.1
Altium [ALU]
2
27.89
67
0.0
Analogue Holdings Limited [1977]
336
0.17
58
0.0
Atea ASA [ATEA]
5
12.56
62
0.0
Bijou Brigitte modische Accessoires AG [BIJ]
1
36.32
53
0.0
Breedon Group PLC [BREE]
13
4.02
54
0.0
Computer Modelling Group Ltd. [CMG]
9
6.29
54
0.0
DEUTZ AG [DEZ]
13
4.43
59
0.0
Deyaar Development (P.J.S.C) [DEYAAR]
293
0.18
54
0.0
Faisal Islamic Bank of Egypt [FAITA]
53
0.99
53
0.0
FUJI CORP [7605]
4
14.11
61
0.0
Hakuhodo Dy Holdings Incorporated [2433]
8
8.24
66
0.0
Horizon Oil Limited [HZN]
507
0.12
59
0.0
ISB CORP (Japan) [9702]
5
9.67
52
0.0
Kitwave Group PLC [KITW]
20
3.14
62
0.0
Maezawa Kasei Industries Co. Ltd. [7925]
5
10.15
55
0.0
ME Group International plc [MEGP]
31
1.93
59
0.0
MMA Offshore Limited [MRM]
62
0.90
56
0.0
Nihon Trim Co. Ltd. [6788]
3
20.41
55
0.0
North Pacific Bank Ltd. [8524]
22
2.42
53
0.0
OPTORUN CO.LTD. [6235]
5
12.32
57
0.0
Orsero SpA [ORS]
4
15.16
55
0.0
Proto Corp. [4298]
7
8.12
54
0.0
PT ABM Investama Tbk [ABMM]
250
0.25
64
0.0
ROCKWOOL A/S Class B [ROCK.B]
0
243.14
62
0.0
SIGMAXYZ Holdings Inc [6088]
5
10.54
56
0.0
SPACE CO. LTD. [9622]
9
6.21
53
0.0
SRG Global Limited [SRG]
133
0.42
56
0.0
Takara Bio Inc. [4974]
6
9.27
57
0.0
Vital KSK Holdings Inc. [3151]
9
6.71
62
0.0
Yangzijiang Shipbuilding (Holdings) Ltd. [BS6]
52
1.22
64
0.0
AGF Management Limited Class B [AGF.B]
7
5.29
38
0.0
Air New Zealand Limited [AIR]
113
0.44
49
0.0
Alps Logistics Co. Ltd. [9055]
4
10.82
48
0.0
Anglo American plc [AAL]
2
27.65
44
0.0
Axial Retailing Inc. [8255]
2
25.10
50
0.0
Betsson AB Class B [BETS.B]
5
11.06
50
0.0
Brunel International N.V. [BRNL]
4
13.76
49
0.0
Channel Infrastructure NZ Limited [CHI]
55
0.93
51
0.0
Chori Co. Ltd. [8014]
2
20.08
40
0.0
Commercial Bank of Dubai(PSC) [CBD]
32
1.29
42
0.0
Compagnie Financiere Tradition SA [CFT]
0
127.35
40
0.0
Core Corporation [2359]
4
11.52
48
0.0
Cybozu Inc. [4776]
4
13.59
48
0.0
Daihatsu Diesel Mfg. Co. Ltd. [6023]
7
5.90
43
0.0
Daiichi Cutter Kogyo K.K. [1716]
5
8.63
43
0.0
Daitron Co. Ltd. [7609]
2
20.24
47
0.0
Dedicare AB [DEDI]
5
8.16
44
0.0
dip Corporation [2379]
2
24.66
44
0.0
Emaar Development PJSC [EMAARDEV]
23
1.91
45
0.0
Eurocash S.A. [EUR]
16
3.17
51
0.0
EVS Broadcast Equipment SA [EVS]
2
28.43
49
0.0
Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd Sh [GGB]
10
4.77
48
0.0
Ginebra San Miguel Inc. [GSMI]
15
2.76
40
0.0
GL Events SA [GLO]
3
17.28
47
0.0
HOCHTIEF Aktiengesellschaft [HOT]
0
101.38
43
0.0
Humana AB [HUM]
20
2.45
49
0.0
Hunting PLC [HTG]
14
3.73
51
0.0
IwaiCosmo Holdings Inc. [8707]
4
11.71
48
0.0
Jacquet Metals SA [JCQ]
2
17.05
40
0.0
Jungfraubahn Holding AG [JFN]
0
173.37
38
0.0
Kaga Electronics Co. Ltd. [8154]
1
43.49
43
0.0
K.R.S.Corporation [9369]
6
6.80
39
0.0
Kyodo Printing Co. Ltd. [7914]
2
21.01
38
0.0
Major Drilling Group International Inc. [MDI]
7
6.12
42
0.0
Marco Polo Marine Ltd. [5LY]
1,229
0.04
48
0.0
MEITEC Group Holdings Inc. [9744]
2
18.12
43
0.0
PKP Cargo SA [PKP]
14
3.37
47
0.0
Presight AI Holding Plc [PRESIGHT]
60
0.81
48
0.0
PT Agung Podomoro Land Tbk [APLN]
4,597
0.01
45
0.0
PT Bukit Asam Tbk [PTBA]
215
0.18
39
0.0
QinetiQ Group plc [QQ]
13
3.89
49
0.0
Richards Packaging Income Fund [RPI.UT]
2
24.16
46
0.0
Ridley Corporation Limited [RIC]
28
1.48
41
0.0
Sarawak Plantation Bhd. [5135]
99
0.45
44
0.0
Shinagawa Refractories Co. Ltd. [5351]
4
10.22
41
0.0
SMK Corporation [6798]
3
16.56
45
0.0
SMS Co. Ltd. [2175]
2
17.06
41
0.0
SPIE SA [SPIE]
2
29.14
44
0.0
TAKARA & COMPANY LTD [7921]
3
16.53
41
0.0
Tobii Dynavox AB [TDVOX]
14
2.86
41
0.0
Tomy Company Ltd. [7867]
4
14.49
52
0.0
Topy Industries Limited [7231]
2
17.05
38
0.0
Torex Gold Resources Inc. [TXG]
4
10.45
42
0.0
Towa Bank Ltd. [8558]
11
4.22
47
0.0
Trip.com Group Ltd. Sponsored ADR [TCOM]
1
34.97
40
0.0
Ubicom Holdings. Inc. [3937]
4
9.03
38
0.0
UNITED ARROWS LTD. [7606]
4
13.13
49
0.0
Vesuvius Plc [VSVS]
10
5.30
51
0.0
Vision Inc. ( Japan) [9416]
4
10.12
38
0.0
Yossix Holdings Co.Ltd. [3221]
3
18.44
46
0.0
Zimplats Holdings Limited [ZIM]
3
14.97
50
0.0
Achilles Corporation [5142]
3
9.66
24
0.0
Arctic Paper S.A. [ATC]
7
3.46
23
0.0
ASAHI YUKIZAI CORPORATION [4216]
1
24.76
30
0.0
Ateam Inc. [3662]
8
4.06
32
0.0
Autohome Inc. Sponsored ADR Class A [ATHM]
1
30.35
36
0.0
Awilco LNG ASA [ALNG]
37
0.83
30
0.0
B3 Consulting Group AB [B3]
4
8.04
35
0.0
Banca Popolare di Sondrio S.p.A. [BPSO]
6
5.16
29
0.0
Base Resources Limited [BSE]
233
0.11
26
0.0
Bertrandt AG [BDT]
1
46.59
29
0.0
Bloomsbury Publishing Plc [BMY]
5
4.89
24
0.0
Boryszew S.A. [BRS]
20
1.44
29
0.0
BTS Rail Mass Transit Growth Infrastructure Fund 2013- Foreign Registered Units [BTSGIF.F]
342
0.09
29
0.0
Burkhalter Holding AG [BRKN]
0
95.87
29
0.0
Carlit Holdings Co. Ltd. [4275]
6
6.40
36
0.0
China Starch Holdings Limited [3838]
1,500
0.02
25
0.0
ChipMOS TECHNOLOGIES INC Sponsored ADR [IMOS]
1
23.05
32
0.0
CREEK & RIVER Co. Ltd. [4763]
2
14.12
25
0.0
Crew Energy Inc. [CR]
7
4.31
30
0.0
Danakali Limited [DNK]
89
0.26
24
0.0
Delfi Limited [P34]
39
0.93
37
0.0
Digital Arts Inc. [2326]
1
30.99
34
0.0
E1 Corporation [017940]
1
44.83
35
0.0
Ehime Bank Ltd. [8541]
4
6.58
28
0.0
FUCHS SE Pref Registered Shs [FPE3]
1
38.98
24
0.0
Hollywood Bowl Group Plc [BOWL]
9
3.02
26
0.0
Howden Joinery Group PLC [HWDN]
3
8.99
26
0.0
Ichikoh IndustriesLtd. [7244]
9
3.79
33
0.0
ID Holdings Corporation [4709]
3
9.65
25
0.0
Intelligent Wave Inc. [4847]
4
6.28
23
0.0
Interparfums [ITP]
0
55.69
27
0.0
ISHIHARA SANGYO KAISHA LTD. [4028]
3
9.92
28
0.0
Iwaki Co. Ltd. [6237]
3
11.96
31
0.0
Japan Medical Dynamic Marketing Inc. [7600]
5
5.05
24
0.0
Johnson Electric Holdings Limited [179]
28
1.23
34
0.0
Johnson Service Group PLC [JSG]
17
1.65
28
0.0
Kawan Food Bhd. [7216]
59
0.38
23
0.0
Koatsu Gas Kogyo Co. Ltd. [4097]
5
5.07
23
0.0
Lawson Inc. [2651]
1
46.05
23
0.0
Lindsay Australia Limited [LAU]
37
0.72
27
0.0
Lubelski Wegiel BOGDANKA SA [LWB]
4
7.91
28
0.0
Lycopodium Limited [LYL]
4
5.94
23
0.0
Maezawa Industries Inc. [6489]
4
6.84
25
0.0
Maruzen Showa Unyu Co. Ltd. [9068]
1
25.36
25
0.0
Max Stock Ltd. [MAXO]
16
1.88
31
0.0
MC Group Public Co. Ltd. NVDR [MC.R]
94
0.37
35
0.0
MDA Ltd. [MDA]
3
8.53
23
0.0
Mears Group PLC [MER]
9
3.37
30
0.0
Meisei Industrial Co. Ltd. [1976]
4
6.78
26
0.0
Morgan Sindall Group plc [MGNS]
1
25.08
23
0.0
Mullen Group Ltd. [MTL]
3
9.93
34
0.0
NEXON Co. Ltd. [3659]
1
17.92
23
0.0
Nichias Corporation [5393]
1
20.54
27
0.0
Nihon Denkei Co. Ltd. [9908]
3
13.80
37
0.0
Nihon Parkerizing Co. Ltd. [4095]
4
7.41
31
0.0
Nippon Carbide Industries CompanyIncorporated [4064]
2
11.69
26
0.0
Nippon Thompson Co. Ltd. [6480]
9
3.71
33
0.0
Nitto Kohki Co. Ltd. [6151]
2
13.16
29
0.0
NSD Co. Ltd. [9759]
2
19.00
29
0.0
NZME Limited [NZM]
53
0.57
30
0.0
OKEA ASA [OKEA]
10
3.59
35
0.0
Okura Industrial Co. Ltd. [4221]
1
17.38
23
0.0
Orora Ltd. [ORA]
19
1.77
33
0.0
Perenti Limited [PRN]
36
0.70
25
0.0
Petron Corp. [PCOR]
577
0.06
35
0.0
Pico Far East Holdings Limited [752]
158
0.19
29
0.0
Prestige International Inc. [4290]
6
4.15
24
0.0
PT Asuransi Tugu Pratama Indonesia Tbk [TUGU]
291
0.08
23
0.0
PT Champ Resto Indonesia Tbk [ENAK]
400
0.09
34
0.0
PT Indika Energy Tbk [INDY]
183
0.14
26
0.0
PT Resource Alam Indonesia Tbk [KKGI]
867
0.04
31
0.0
Qilu Expressway Co. Ltd. Class H [1576]
91
0.30
27
0.0
Qol Holdings Co. Ltd. [3034]
3
12.44
34
0.0
Riken Technos Corporation [4220]
7
4.79
34
0.0
Sajodaerim Corporation [003960]
2
19.56
31
0.0
Sato Holdings Corporation [6287]
2
14.15
27
0.0
Schaeffler AG [SHA]
6
5.78
35
0.0
SCSK Corporation [9719]
2
17.48
33
0.0
Seikagaku Corporation [4548]
6
5.41
30
0.0
Seino Holdings Co. Ltd. [9076]
2
14.04
25
0.0
Shikoku Bank Ltd. [8387]
3
6.80
23
0.0
Shin Nippon Air Technologies Co. Ltd. [1952]
2
16.12
31
0.0
Sigma Koki Co. Ltd. [7713]
3
10.43
28
0.0
SigmaRoc Plc [SRC]
34
0.66
22
0.0
Sinfonia Technology Co. Ltd. [6507]
3
10.78
27
0.0
SKY Network Television Ltd [SKT]
16
1.49
24
0.0
Smiths News PLC [SNWS]
53
0.50
26
0.0
Sodick Co. Ltd. [6143]
5
4.91
23
0.0
Sompo HoldingsInc. [8630]
1
43.11
26
0.0
Stolt-Nielsen Limited [SNI]
1
29.13
30
0.0
SUESS MicroTec SE [SMHN]
1
23.19
27
0.0
Sugimoto & Co. Ltd. [9932]
2
14.80
25
0.0
Sumitomo Seika Chemicals Co. Ltd. [4008]
1
30.36
33
0.0
Sun-Wa Technos Corporation [8137]
2
14.40
29
0.0
Symbio Holdings Limited [SYM]
14
1.70
23
0.0
TechMatrix Corporation [3762]
3
10.63
35
0.0
Tera Probe Inc. [6627]
1
28.15
25
0.0
Thai Stanley Electric Public Co. Ltd. NVDR [STANLY.R]
7
5.01
33
0.0
Titanium Oyj [TITAN]
1
17.05
23
0.0
Tobishima Corporation [1805]
4
9.27
33
0.0
Toho Co. Ltd. [8142]
1
22.62
29
0.0
Tomoe Corporation [1921]
8
3.83
30
0.0
Toshiba Tec Corp. [6588]
1
22.88
25
0.0
Toyo Engineering Corporation [6330]
5
4.59
25
0.0
UNIMOT SA [UNT]
1
23.46
25
0.0
Vetoquinol SA [VETO]
0
82.58
23
0.0
Vetropack Holding AG Class A [VETN]
1
44.22
26
0.0
Wacom Co. Ltd. [6727]
6
3.97
24
0.0
Wilmington plc [WIL]
6
3.94
24
0.0
Abist Co. Ltd. [6087]
1
22.15
13
0.0
A.B.P. Nocivelli S.p.A. [ABP]
4
4.04
16
0.0
AGS Corporation [3648]
2
4.75
10
0.0
AirBoss of America Corporation [BOS]
7
3.23
22
0.0
AJIS Co. Ltd. [4659]
1
15.41
12
0.0
Alphapolis Co. Ltd. [9467]
1
17.24
21
0.0
APAC Resources Limited [1104]
60
0.14
8
0.0
ASIA PILE HOLDINGS Corporation [5288]
4
4.68
19
0.0
Australian Vintage Ltd [AVG]
57
0.25
14
0.0
Autosports Group Ltd [ASG]
7
1.60
11
0.0
Boustead Singapore Limited [F9D]
13
0.62
8
0.0
Business Brain Showaota Inc. [9658]
1
14.49
20
0.0
Career Design Center Co. Ltd. [2410]
2
13.05
22
0.0
CDS Co. Ltd. [2169]
1
11.73
9
0.0
Chilled & Frozen Logistics Holdings Co. Ltd. [9099]
2
8.95
17
0.0
Comarch S.A. [CMR]
1
32.30
21
0.0
Costain Group PLC [COST]
18
0.69
13
0.0
Dai Nippon Toryo Company Limited [4611]
3
6.50
19
0.0
Delta Israel Brands Ltd [DLTI]
1
10.79
10
0.0
EXEL Industries SA [EXE]
0
49.02
13
0.0
Fiducian Group Ltd [FID]
2
3.67
8
0.0
Fielmann Group AG [FIE]
0
43.28
19
0.0
Foresight Group Holdings Ltd. [FSG]
2
5.25
12
0.0
Gecoss Corporation [9991]
3
6.58
19
0.0
Gulf Warehousing Co. [GWCS]
24
0.87
21
0.0
Hiroshima Gas Co. Ltd. [9535]
4
2.61
11
0.0
Hodogaya Chemical Co. Ltd. [4112]
1
21.31
17
0.0
IGG Inc. [799]
46
0.41
19
0.0
Impellam Group plc [IPEL]
2
8.33
15
0.0
Ion Beam Applications SA [IBAB]
1
10.46
10
0.0
JAC Recruitment Co. Ltd. [2124]
1
17.03
19
0.0
JANOME Corporation [6445]
4
4.95
19
0.0
JLS Co. Ltd [040420]
2
5.36
8
0.0
Johnson Matthey Plc [JMAT]
1
19.87
14
0.0
Kanaden Corporation [8081]
2
8.80
19
0.0
Kim Loong Resources Bhd. [5027]
38
0.40
15
0.0
Kimly Ltd. [1D0]
46
0.23
11
0.0
KPX Chemical Co. Ltd. [025000]
0
32.50
16
0.0
Kyowa Leather Cloth Co. Ltd. [3553]
3
4.58
13
0.0
Ladprao General Hospital Public Company Ltd NVDR [LPH.R]
60
0.14
8
0.0
MATCHING SERVICE JAPAN CO.LTD. [6539]
3
7.51
20
0.0
MegaStudy Co. Ltd. [072870]
3
7.79
21
0.0
Melcor Developments Ltd. [MRD]
1
9.05
10
0.0
Moresco Corporation [5018]
2
7.97
16
0.0
Nanyo Corp. [7417]
1
14.98
12
0.0
Naturhouse Health SA [NTH]
7
1.81
13
0.0
Nedap N.V [NEDAP]
0
61.83
16
0.0
Nice Corporation [8089]
1
9.78
9
0.0
Nippon Concept Corp. [9386]
1
11.94
13
0.0
Okabe Co. Ltd. [5959]
4
5.03
22
0.0
Orascom Construction Plc [ORAS]
4
4.56
17
0.0
Oriola Corp Class A [OKDAV]
6
1.21
8
0.0
Orion Oyj Class A [ORNAV]
0
39.33
11
0.0
ORO Co. Ltd. [3983]
2
14.41
22
0.0
Osaki Electric Co. Ltd. [6644]
4
4.55
17
0.0
Pacific Century Regional Developments Ltd [P15]
96
0.21
20
0.0
PALFINGER AG [PAL]
0
23.66
9
0.0
Parker Corporation [9845]
2
5.71
13
0.0
PCC Rokita SA [PCR]
1
21.24
15
0.0
PGG Wrightson Limited [PGW]
5
2.22
12
0.0
PSC Corporation Ltd [DM0]
39
0.24
9
0.0
PT Golden Energy Mines Tbk [GEMS]
28
0.39
11
0.0
PT Salim Ivomas Pratama Tbk [SIMP]
357
0.03
9
0.0
Qatar Industrial Manufacturing Co. [QIMD]
14
0.87
12
0.0
Qatar National Cement Co. [QNCD]
12
0.99
12
0.0
RIX Corporation [7525]
1
20.06
12
0.0
RS Technologies Co. Ltd. [3445]
1
19.15
17
0.0
SAMSE SA [SAMS]
0
175.75
12
0.0
Sekisui Kasei Co. Ltd. [4228]
6
3.10
17
0.0
SergeFerrari Group SA [SEFER]
2
8.68
17
0.0
Sierra Rutile Holdings Limited [SRX]
93
0.12
11
0.0
Software Service Inc. [3733]
0
67.95
20
0.0
Soken Chemical & Engineering Co. Ltd. [4972]
1
13.03
8
0.0
Soliton Systems K.K. [3040]
2
7.71
14
0.0
SThree plc [STEM]
3
4.56
16
0.0
Ta Ann Holdings Bhd. [5012]
17
0.72
12
0.0
TEAR Corp. [2485]
4
3.06
11
0.0
Telcoware Co. Ltd [078000]
2
6.97
13
0.0
TOYA S.A. [TOA]
11
1.45
16
0.0
Toyo Machinery & Metal Co. Ltd. [6210]
3
4.60
14
0.0
Tree Island Steel Ltd. [TSL]
6
2.32
13
0.0
Tsubakimoto Kogyo Co. Ltd. [8052]
1
33.00
17
0.0
VINX Corp. [3784]
2
8.64
13
0.0
Wagners Holding Co. Ltd. [WGN]
30
0.62
19
0.0
Wilson ASA [WILS]
2
6.16
11
0.0
YAMADA Consulting Group Co. Ltd. [4792]
2
10.83
17
0.0
Zen Corporation Group Public Company Limited NVDR [ZEN.R]
62
0.33
20
0.0
Zeria Pharmaceutical Co. Ltd. [4559]
2
14.87
22
0.0
Zuken Inc. [6947]
1
24.19
17
0.0
Allianz Malaysia Bhd. [1163]
2
3.39
5
0.0
Almogim Holdings Ltd [ALMA]
1
1.78
2
0.0
Ascom Holding AG [ASCN]
0
11.37
2
0.0
BesHom Holdings Bhd [7668]
9
0.22
2
0.0
BRC Asia Limited [BEC]
0
1.23
0
0.0
Castro Model Ltd. [CAST]
0
11.51
5
0.0
Dom Development S.A. [DOM]
0
35.05
0
0.0
Ever Reach Group Holdings Co. Ltd. [3616]
117
0.03
3
0.0
Exail Technologies SA [EXA]
0
18.53
1
0.0
FAN Communications. Inc. [2461]
2
2.67
5
0.0
Fursys Inc. [016800]
0
21.34
7
0.0
Gem Diamonds Limited [GEMD]
18
0.18
3
0.0
GRENEVIA Spolka Akcyjna [GEA]
1
0.67
1
0.0
HighCo SA [HCO]
1
4.84
5
0.0
IMC S.A. [IMC]
1
2.63
2
0.0
K. Wah International Holdings Limited [173]
1
0.28
0
0.0
MAEIL HOLDINGS CO. LTD. [005990]
1
6.02
3
0.0
Magyar Telekom Telecommunications Plc Sponsored ADR [MYTAY]
1
7.36
4
0.0
Midway Ltd [MWY]
1
0.48
1
0.0
Modern Land (China) Co. Ltd. [1107]
21
0.01
0
0.0
New Times Energy Corporation Limited [166]
253
0.01
3
0.0
NTT Data Intramart Corporation [3850]
1
11.91
7
0.0
Oriola Corp Class B [OKDBV]
1
0.99
1
0.0
PageGroup PLC [PAGE]
1
5.12
5
0.0
Pro-Pac Packaging Ltd [PPG]
6
0.18
1
0.0
PropNex Ltd. [OYY]
2
0.64
2
0.0
Rakon Limited [RAK]
13
0.44
6
0.0
Thantawan Industry PCL NVDR [THIP.R]
10
0.70
7
0.0
Western Bulk Chartering AS [WEST]
2
2.62
6
0.0
Xingye Alloy Materials Group Limited [505]
51
0.14
7
0.0
Total
--
--
--
148,539
95.9
Cash and Other Assets Less Liabilities
--
--
--
--
4.1
Total Net Assets
--
--
--
--
100%
Sector Allocations
As of 9/30/2023
International Core Fund (HAONX)
MSCI EAFE (ND) Index
-
Industrials
HAONX: 26.5%
Benchmark: 15.9%
-
Consumer Discretionary
HAONX: 16.0%
Benchmark: 12.0%
-
Information Technology
HAONX: 13.2%
Benchmark: 7.7%
-
Health Care
HAONX: 11.8%
Benchmark: 13.3%
-
Financials
HAONX: 10.6%
Benchmark: 19.1%
-
Energy
HAONX: 7.9%
Benchmark: 4.8%
-
Materials
HAONX: 7.6%
Benchmark: 7.5%
-
Utilities
HAONX: 3.1%
Benchmark: 3.4%
-
Communication Services
HAONX: 2.1%
Benchmark: 4.2%
-
Consumer Staples
HAONX: 0.7%
Benchmark: 9.8%
-
Real Estate
HAONX: 0.3%
Benchmark: 2.3%
HAONX: International Core Fund
Benchmark: MSCI EAFE (ND) Index
Sector Returns
As of 9/30/2023
Economic Sector
International Core Fund %
MSCI EAFE (ND) Index %
Energy
13.1
11.6
Real Estate
11.3
-1.1
Health Care
3.0
-3.1
Utilities
1.5
-8.8
Consumer Staples
1.4
-7.1
Financials
-0.4
0.8
Information Technology
-0.7
-10.7
Communication Services
-4.0
-3.4
Industrials
-5.3
-6.0
Consumer Discretionary
-6.2
-8.3
Materials
-6.6
-3.2
Top 10 Countries
As of 9/30/2023
Country
International Core Fund %
MSCI EAFE (ND) Index %
Japan
18.8
22.9
United Kingdom
10.8
15.3
Germany
9.1
8.3
Switzerland
8.6
9.9
Denmark
7.4
3.3
France
6.9
12.0
Australia
5.6
7.3
Italy
4.7
2.6
Sweden
4.2
3.2
Israel
3.5
0.7
Other
20.4
14.5
Investment Team
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.
Documents
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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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