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 4/30/2024
3/1/2019
Inception Date
0.85
Net Expense Ratio
1.07
Gross Expense Ratio
$178.326
Total Net Assets (million)
As of 4/30/2024
HAOSX
Ticker
2044
Fund Number
Institutional Class
Share 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.
5 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
International Core Fund
3.63%
3.90%
12.82%
2.29%
7.72%
7.87%
0.85%
1.07%
MSCI EAFE (ND) Index
2.49%
3.08%
9.28%
2.86%
6.18%
6.62%
--
--
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 3/31/2024
Download: Full Holdings (csv)
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Novo Nordisk A/S Class B [NOVO.B]
66
127.60
8,463
4.1
Roche Holding Ltd Dividend Right Cert. [ROG]
26
255.02
6,682
3.2
Industria de Diseno Textil S.A. [ITX]
109
50.40
5,509
2.6
ABB Ltd. [ABBN]
116
46.51
5,379
2.6
Hermes International SCA [RMS]
2
2,555.28
5,282
2.5
Stellantis N.V. [STLAM]
169
28.45
4,800
2.3
Wolters Kluwer N.V. [WKL]
26
156.82
4,073
2.0
Holcim Ltd [HOLN]
42
90.66
3,806
1.8
CRH public limited company [CRH]
44
86.26
3,756
1.8
Volvo AB Class B [VOLV.B]
127
27.13
3,433
1.6
James Hardie Industries PLC Chess Units of Foreign Securities [JHX]
75
40.19
3,023
1.5
CaixaBank SA [CABK]
611
4.85
2,967
1.4
Leonardo SpA [LDO]
113
25.14
2,852
1.4
Logitech International S.A. [LOGN]
31
89.66
2,803
1.3
SCREEN Holdings Co. Ltd [7735]
21
131.92
2,810
1.3
Cochlear Limited [COH]
13
220.20
2,769
1.3
NEC Corp. [6701]
37
72.62
2,709
1.3
Deutsche Bank Aktiengesellschaft [DBK]
169
15.75
2,663
1.3
Experian PLC [EXPN]
61
43.63
2,647
1.3
Schindler Holding AG Pref [SCHP]
10
252.14
2,481
1.2
Compagnie de Saint-Gobain SA [SGO]
32
77.68
2,466
1.2
PetroChina Company Limited Class H [857]
2,882
0.85
2,464
1.2
Spotify Technology SA [SPOT]
9
263.90
2,429
1.2
Centrica plc [CNA]
1,439
1.61
2,320
1.1
UniCredit S.p.A. [UCG]
61
37.99
2,314
1.1
Wix.com Ltd. [WIX]
15
137.48
2,120
1.0
Aristocrat Leisure Limited [ALL]
73
28.05
2,056
1.0
Banco Bilbao Vizcaya Argentaria S.A. [BBVA]
172
11.92
2,052
1.0
FAST RETAILING CO. LTD. [9983]
7
311.47
2,025
1.0
JAPAN POST HOLDINGS Co. Ltd. [6178]
196
10.12
1,981
1.0
Pandora A/S [PNDORA]
12
161.37
1,977
1.0
Sage Group plc [SGE]
124
15.99
1,975
0.9
SAP SE [SAP]
10
194.90
1,967
0.9
Heidelberg Materials AG [HEI]
17
110.11
1,853
0.9
ANZ Group Holdings Limited [ANZ]
96
19.18
1,832
0.9
Skandinaviska Enskilda Banken AB Class A [SEB.A]
136
13.56
1,839
0.9
Fujitsu Limited [6702]
110
16.45
1,810
0.9
ASE Technology Holding Co. Ltd. Sponsored ADR [ASX]
163
10.99
1,793
0.9
Recruit Holdings Co. Ltd. [6098]
38
44.32
1,688
0.8
UBS Group AG [UBSG]
55
30.80
1,698
0.8
GSK plc Sponsored ADR [GSK]
38
42.87
1,617
0.8
A.P. Moller - Maersk A/S Class B [MAERSK.B]
1
1,302.25
1,578
0.8
China Construction Bank Corporation Class H [939]
2,463
0.60
1,485
0.7
Siemens Aktiengesellschaft [SIE]
8
191.12
1,463
0.7
Tokyo Electron Ltd. [8035]
6
261.46
1,438
0.7
Silicon Motion Technology Corporation Sponsored ADR [SIMO]
18
76.94
1,420
0.7
SUBARU CORP [7270]
59
22.78
1,353
0.7
Singapore Airlines Ltd. [C6L]
283
4.74
1,340
0.6
La Francaise des Jeux SA [FDJ]
32
40.80
1,310
0.6
3i Group plc [III]
36
35.48
1,277
0.6
Koito Manufacturing Co. Ltd. [7276]
72
16.75
1,211
0.6
Tenaris S.A. [TEN]
59
19.78
1,164
0.6
Nissan Motor Co. Ltd. [7201]
279
4.02
1,120
0.5
Publicis Groupe SA [PUB]
10
109.13
1,119
0.5
Rio Tinto plc Sponsored ADR [RIO]
18
63.74
1,139
0.5
Ampol Limited [ALD]
42
25.96
1,099
0.5
ASML Holding NV ADR [ASML]
1
970.47
1,106
0.5
Japan Exchange Group Inc. [8697]
41
27.16
1,116
0.5
Dai-ichi Life HoldingsInc. [8750]
43
25.46
1,082
0.5
MS&AD Insurance Group Holdings Inc. [8725]
61
17.91
1,086
0.5
Sompo HoldingsInc. [8630]
52
21.08
1,088
0.5
Bluescope Steel Limited [BSL]
67
15.56
1,044
0.5
Sandoz Group Ltd [SDZ]
34
30.21
1,028
0.5
Rolls-Royce Holdings plc [RR]
182
5.39
979
0.5
Tokio Marine Holdings Inc. [8766]
31
31.07
976
0.5
Orica Limited [ORI]
81
11.91
964
0.5
Ricoh Company Ltd. [7752]
107
8.93
958
0.5
monday.com Ltd. [MNDY]
4
225.87
941
0.5
Nippon Shinyaku Co. Ltd. [4516]
32
29.54
936
0.5
Rexel SA [RXL]
34
27.03
922
0.4
Vipshop Holdings Ltd Sponsored ADR [VIPS]
55
16.55
907
0.4
Check Point Software Technologies Ltd. [CHKP]
5
164.01
885
0.4
Recordati Industria Chimica e Farmaceutica S.p.A. [REC]
16
55.34
872
0.4
USS Co. Ltd. [4732]
104
8.34
868
0.4
BANK POLSKA KASA OPIEKI SA [PEO]
19
45.60
845
0.4
RELX PLC [REL]
19
43.25
833
0.4
Wartsila Oyj Abp [WRT1V]
55
15.22
839
0.4
Demant A/S [DEMANT]
16
49.66
814
0.4
Erste Group Bank AG [EBS]
18
44.60
802
0.4
Brother Industries Ltd. [6448]
42
18.64
776
0.4
iShares MSCI EAFE ETF [EFA]
10
79.86
766
0.4
JAPAN POST INSURANCE Co. Ltd. [7181]
41
19.20
779
0.4
Knorr-Bremse AG [KBX]
10
75.71
778
0.4
BPER Banca S.p.A. [BPE]
155
4.73
733
0.4
TMX Group Ltd. [X]
28
26.40
726
0.4
Trend Micro Incorporated [4704]
14
51.74
735
0.4
Genmab A/S [GMAB]
2
301.74
708
0.3
Dassault Systemes SA [DSY]
15
44.32
675
0.3
Tenaris S.A. Sponsored ADR [TS]
16
39.27
647
0.3
Disco Corporation [6146]
2
377.88
605
0.3
Talanx AG [TLX]
8
79.27
597
0.3
Investec plc [INP]
84
6.67
559
0.3
Komercni banka a.s. [KOMB]
16
35.88
561
0.3
Kongsberg Gruppen ASA [KOG]
8
69.09
564
0.3
Agricultural Bank of China Limited Class H [1288]
1,291
0.42
544
0.3
Ultrapar Participacoes S.A. [UGPA3]
94
5.69
534
0.3
Capcom Co. Ltd. [9697]
28
18.47
524
0.3
Hikma Pharmaceuticals Plc [HIK]
21
24.24
519
0.3
HOCHTIEF Aktiengesellschaft [HOT]
5
116.32
529
0.3
Otsuka Corporation [4768]
25
21.12
532
0.3
CyberArk Software Ltd. [CYBR]
2
265.63
503
0.2
Pro Medicus Ltd. [PME]
8
67.69
508
0.2
PTT Exploration & Production Plc NVDR [PTTEP.R]
116
4.19
488
0.2
SEB SA [SK]
4
128.09
491
0.2
Horiba Ltd. [6856]
4
105.92
466
0.2
Northern Star Resources Ltd [NST]
49
9.44
462
0.2
Bangkok Bank Public Company Limited NVDR [BBL.R]
113
3.81
430
0.2
Man Group PLC [EMG]
131
3.38
444
0.2
Thai Oil Public Co. Ltd. NVDR [TOP.R]
265
1.63
432
0.2
E.ON SE [EOAN]
30
13.92
417
0.2
Idemitsu Kosan Co. Ltd. [5019]
60
6.88
412
0.2
Seiko Epson Corp. [6724]
24
17.48
414
0.2
Petroleo Brasileiro SA Sponsored ADR [PBR]
25
15.21
377
0.2
Whitehaven Coal Limited [WHC]
83
4.63
385
0.2
Wise PLC Class A [WISE]
32
11.73
379
0.2
Eurazeo SE [RF]
4
87.75
349
0.2
Genting Singapore Limited [G13]
495
0.66
325
0.2
Hoegh Autoliners ASA [HAUTO]
40
8.50
343
0.2
New Hope Corporation Limited [NHC]
111
3.03
336
0.2
Novo Nordisk A/S Sponsored ADR Class B [NVO]
3
128.40
343
0.2
SPIE SA [SPIE]
9
37.61
341
0.2
Whitbread PLC [WTB]
8
41.86
345
0.2
Elis SA [ELIS]
14
22.74
313
0.2
HitachiLtd. [6501]
3
91.88
312
0.2
Otsuka Holdings Co. Ltd. [4578]
8
41.69
313
0.2
Santen Pharmaceutical Co. Ltd. [4536]
31
10.15
311
0.2
Swatch Group Ltd. Bearer [UHR]
1
232.49
318
0.2
Banca Mediolanum SpA [BMED]
27
10.99
294
0.1
BE Semiconductor Industries N.V. [BESI]
2
153.25
291
0.1
Hafnia Ltd. [HAFNI]
42
6.88
288
0.1
Miura Co. Ltd. [6005]
15
19.33
294
0.1
Nemetschek SE [NEM]
3
99.06
283
0.1
Oversea-Chinese Banking Corporation Limited [O39]
30
10.00
299
0.1
Raiffeisen Bank International AG [RBI]
15
19.94
298
0.1
South32 Ltd. [S32]
148
1.96
290
0.1
PGE Polska Grupa Energetyczna S.A. [PGE]
150
1.81
271
0.1
PKO Bank Polski S.A. [PKO]
18
14.88
274
0.1
Dassault Aviation SA [AM]
1
220.32
249
0.1
Temenos AG [TEMN]
3
71.59
242
0.1
YTL Corp Bhd. [4677]
450
0.56
250
0.1
Abu Dhabi Islamic Bank [ADIB]
79
3.00
237
0.1
Eiffage SA [FGR]
2
113.56
237
0.1
Emaar Properties (P.J.S.C) [EMAAR]
107
2.22
239
0.1
Hanwa Co. Ltd. [8078]
6
39.18
227
0.1
Kokuyo Co. Ltd. [7984]
14
16.43
233
0.1
Technip Energies NV [TE]
9
25.28
238
0.1
RATIONAL AG [RAA]
0
862.92
213
0.1
ROCKWOOL A/S Class B [ROCK.B]
1
328.53
202
0.1
thyssenkrupp AG [TKA]
40
5.37
213
0.1
YTL Power International Bhd. [6742]
247
0.82
202
0.1
BKW AG [BKW]
1
153.66
180
0.1
CES Energy Solutions Corp [CEU]
56
3.48
194
0.1
Criteo SA Sponsored ADR [CRTO]
5
35.07
191
0.1
HELLENiQ ENERGY Holdings S.A. [ELPE]
21
9.01
187
0.1
Konica Minolta Inc. [4902]
59
3.28
192
0.1
Samudera Shipping Line Ltd [S56]
342
0.56
191
0.1
SEIKO GROUP CORPORATION [8050]
7
27.55
190
0.1
TIS Inc. [3626]
8
21.73
183
0.1
Arcadis NV [ARCAD]
3
61.29
169
0.1
Ipsen SA [IPN]
1
119.12
171
0.1
PAL GROUP Holdings Co. Ltd. [2726]
10
17.15
175
0.1
Ryohin Keikaku Co. Ltd. [7453]
10
16.68
158
0.1
Safran SA [SAF]
1
226.85
175
0.1
Toho Holdings Co. Ltd. [8129]
7
24.13
159
0.1
Unipol Gruppo S.p.A. [UNI]
19
8.39
162
0.1
Buzzi Spa [BZU]
4
39.31
144
0.1
Datatec Limited [DTC]
78
2.00
156
0.1
Eurocash S.A. [EUR]
40
3.57
143
0.1
PHX Energy Services Corp. [PHX]
23
6.68
154
0.1
PT Bank Danamon Indonesia Tbk Class A [BDMN]
741
0.19
139
0.1
Sopra Steria Group SA [SOP]
1
242.35
138
0.1
Adastria Co.Ltd. [2685]
5
25.47
127
0.1
ANDRITZ AG [ANDR]
2
62.42
126
0.1
Axial Retailing Inc. [8255]
18
6.87
121
0.1
CEWE Stiftung & Co. KGaA [CWC]
1
111.02
119
0.1
Durr AG [DUE]
5
23.13
125
0.1
FirstGroup plc [FGP]
51
2.28
115
0.1
Fujimori Kogyo Co. Ltd. [7917]
4
28.64
120
0.1
Georg Fischer AG [GF]
2
74.28
126
0.1
KSB SE & Co. KGaA Vorz.Akt. ohne Stimmrecht [KSB3]
0
673.93
117
0.1
Micronics Japan Co. Ltd. [6871]
2
58.94
118
0.1
Nihon Trim Co. Ltd. [6788]
5
25.34
119
0.1
Pason Systems Inc. [PSI]
11
11.56
122
0.1
PT Baramulti Suksessarana Tbk [BSSR]
552
0.24
130
0.1
Standard Bank Group Limited [SBK]
12
9.78
116
0.1
Suzuken Co. Ltd. [9987]
4
30.65
123
0.1
Tokyo Seimitsu Co. Ltd [7729]
2
80.45
121
0.1
Alfresa Holdings Corporation [2784]
7
14.68
101
0.1
Awa Bank Ltd. [8388]
6
18.19
104
0.1
CCK Consolidated Holdings Bhd. [7035]
470
0.22
101
0.1
Chiyoda Integre Co. Ltd. [6915]
6
18.39
103
0.1
Coca-Cola HBC AG [CCH]
3
31.62
109
0.1
Concordia Financial Group Ltd. [7186]
22
5.09
113
0.1
Coveo Solutions Inc. [CVO]
15
7.60
111
0.1
en Japan Inc. [4849]
5
17.83
94
0.1
Fukuda Denshi Co. Ltd. [6960]
2
45.79
101
0.1
Maxell Ltd. [6810]
10
10.53
107
0.1
Mimasu Semiconductor Industry Co. Ltd. [8155]
5
20.85
98
0.1
Mitsubishi Shokuhin Co. Ltd. [7451]
3
37.13
97
0.1
OPTORUN CO.LTD. [6235]
8
13.66
113
0.1
SAWAI GROUP HOLDINGS Co. Ltd. [4887]
3
39.84
104
0.1
AEON Delight Co. Ltd. [9787]
4
23.39
94
0.0
Alps Logistics Co. Ltd. [9055]
4
19.49
86
0.0
Azbil Corporation [6845]
3
27.71
83
0.0
Codan Limited [CDA]
12
7.09
86
0.0
Colruyt Group N.V. [COLR]
2
46.25
78
0.0
DEUTZ AG [DEZ]
13
6.36
85
0.0
FUCHS SE Pref Registered Shs [FPE3]
2
49.57
91
0.0
Future Corporation [4722]
8
11.13
86
0.0
Jeronimo Martins SGPS S.A. [JMT]
4
19.85
77
0.0
JOYY Inc. Sponsored ADR Class A [YY]
3
30.75
87
0.0
LBS Bina Group Bhd. [5789]
488
0.15
74
0.0
MARTINREA International Inc. [MRE]
9
8.99
81
0.0
Megachips Corporation [6875]
3
25.60
79
0.0
Sankyo Co. Ltd. [6417]
8
11.06
83
0.0
SKY Perfect JSAT Holdings Inc. [9412]
11
7.00
76
0.0
TAL Education Group Sponsored ADR Class A [TAL]
8
11.35
91
0.0
Text S.A. [TXT]
4
22.57
80
0.0
TMBThanachart Bank Public Company Limited NVDR [TTB.R]
1,634
0.05
81
0.0
Tobii Dynavox AB [TDVOX]
14
5.40
78
0.0
Toshiba Tec Corp. [6588]
4
20.09
80
0.0
Vital KSK Holdings Inc. [3151]
9
8.30
76
0.0
Yalla Group Ltd. Sponsored ADR Class A [YALA]
17
4.81
84
0.0
Yangzijiang Shipbuilding (Holdings) Ltd. [BS6]
52
1.42
74
0.0
Atea ASA [ATEA]
5
11.96
59
0.0
Bijou Brigitte modische Accessoires AG [BIJ]
1
41.15
57
0.0
Breedon Group PLC [BREE]
13
4.86
65
0.0
Chesnara Plc [CSN]
22
3.32
72
0.0
Commercial Bank of Dubai(PSC) [CBD]
32
1.89
61
0.0
Conduit Holdings Ltd. [CRE]
10
6.54
67
0.0
Core Corporation [2359]
4
12.57
53
0.0
Daihatsu Diesel Mfg. Co. Ltd. [6023]
7
9.94
73
0.0
Daiichi Cutter Kogyo K.K. [1716]
5
10.55
53
0.0
Daitron Co. Ltd. [7609]
2
23.79
55
0.0
EVS Broadcast Equipment SA [EVS]
2
36.02
62
0.0
FUJI CORP [7605]
4
12.22
53
0.0
GL Events SA [GLO]
3
20.61
57
0.0
Glory Ltd. [6457]
3
18.77
56
0.0
Horizon Oil Limited [HZN]
507
0.12
60
0.0
Hunting PLC [HTG]
14
4.18
57
0.0
ING Bank Slaski S.A. [ING]
1
85.14
64
0.0
IwaiCosmo Holdings Inc. [8707]
4
14.81
61
0.0
Konishi Co. Ltd. [4956]
5
10.34
54
0.0
Maezawa Kasei Industries Co. Ltd. [7925]
5
11.52
62
0.0
Marco Polo Marine Ltd. [5LY]
1,229
0.04
55
0.0
ME Group International plc [MEGP]
31
2.10
65
0.0
Orsero SpA [ORS]
4
15.47
56
0.0
Padini Holdings Bhd. [7052]
73
0.72
53
0.0
QinetiQ Group plc [QQ]
13
4.61
58
0.0
Secure Energy Services Inc. [SES]
8
8.24
69
0.0
SIGMAXYZ Holdings Inc [6088]
5
11.56
61
0.0
Sinfonia Technology Co. Ltd. [6507]
3
21.41
54
0.0
SPACE CO. LTD. [9622]
9
6.91
59
0.0
SRG Global Limited [SRG]
133
0.52
69
0.0
Sumitomo Pharma Co.Ltd. [4506]
27
2.63
70
0.0
Towa Bank Ltd. [8558]
11
4.74
53
0.0
Analogue Holdings Limited [1977]
317
0.13
41
0.0
ASAHI YUKIZAI CORPORATION [4216]
1
34.89
42
0.0
Ateam Inc. [3662]
8
4.19
33
0.0
Betsson AB Class B [BETS.B]
5
9.90
45
0.0
Bloomsbury Publishing Plc [BMY]
5
6.67
32
0.0
Burkhalter Holding AG [BRKN]
0
108.47
33
0.0
Carlit Holdings Co. Ltd. [4275]
6
7.35
41
0.0
Cembre S.p.A. [CMB]
1
47.63
35
0.0
Channel Infrastructure NZ Limited [CHI]
55
0.91
50
0.0
Chilled & Frozen Logistics Holdings Co. Ltd. [9099]
2
20.35
39
0.0
China Aviation Oil (Singapore) Corporation Ltd [G92]
75
0.67
50
0.0
ChipMOS TECHNOLOGIES INC Sponsored ADR [IMOS]
1
31.45
43
0.0
Chori Co. Ltd. [8014]
2
22.50
45
0.0
Comarch S.A. [CMR]
1
62.44
40
0.0
Compagnie Financiere Tradition SA [CFT]
0
152.66
49
0.0
Daimler Truck Holding AG [DTG]
1
50.72
42
0.0
Dedicare AB [DEDI]
4
9.43
37
0.0
Digital Arts Inc. [2326]
1
28.97
32
0.0
Ehime Bank Ltd. [8541]
4
7.51
32
0.0
ELVALHALCOR Hellenic Copper and Aluminium Industry S.A. [ELHA]
15
2.12
33
0.0
Faisal Islamic Bank of Egypt [FAITA]
53
0.98
52
0.0
Firm Capital Mortgage Investment Corporation [FC]
5
8.47
46
0.0
Frencken Group Limited [E28]
27
1.24
34
0.0
Ginebra San Miguel Inc. [GSMI]
15
2.95
43
0.0
Humana AB [HUM]
20
2.30
46
0.0
Ichikoh IndustriesLtd. [7244]
9
3.65
32
0.0
ISB CORP (Japan) [9702]
5
9.12
49
0.0
Jacquet Metals SA [JCQ]
2
19.89
47
0.0
Johnson Electric Holdings Limited [179]
28
1.39
39
0.0
Jungfraubahn Holding AG [JFN]
0
200.51
44
0.0
Kaga Electronics Co. Ltd. [8154]
1
42.16
42
0.0
Kaufman & Broad SA [KOF]
1
29.16
42
0.0
Koa Shoji Holdings Co. Ltd. [9273]
5
5.83
32
0.0
K.R.S.Corporation [9369]
6
7.74
45
0.0
Kyodo Printing Co. Ltd. [7914]
2
22.89
41
0.0
Lanna Resources Public Co. Ltd. NVDR [LANNA.R]
96
0.38
37
0.0
Lawson Inc. [2651]
1
68.29
34
0.0
Major Drilling Group International Inc. [MDI]
7
6.65
46
0.0
Max Stock Ltd. [MAXO]
16
2.33
38
0.0
Mears Group PLC [MER]
9
4.66
42
0.0
Medical System Network Co. Ltd. [4350]
7
4.39
32
0.0
MEITEC Group Holdings Inc. [9744]
2
19.74
47
0.0
Morita Holdings Corporation [6455]
3
10.82
35
0.0
Mullen Group Ltd. [MTL]
3
10.73
36
0.0
NICE Ltd. Sponsored ADR [NICE]
0
260.62
34
0.0
Nihon Denkei Co. Ltd. [9908]
3
16.00
43
0.0
Nihon Kohden Corporation [6849]
2
26.46
50
0.0
Nihon Parkerizing Co. Ltd. [4095]
4
8.14
34
0.0
Nippon Thompson Co. Ltd. [6480]
9
4.24
37
0.0
Ocean Wilsons Holdings Limited [OCN]
2
17.81
32
0.0
Okamoto Industries Inc. [5122]
1
32.67
46
0.0
PERSOL HOLDINGS CO. LTD. [2181]
33
1.41
46
0.0
Petron Corp. [PCOR]
577
0.06
33
0.0
Pico Far East Holdings Limited [752]
158
0.21
34
0.0
PKP CARGO Spolka Akcyjna [PKP]
14
3.28
46
0.0
PT Agung Podomoro Land Tbk [APLN]
4,597
0.01
34
0.0
Qol Holdings Co. Ltd. [3034]
3
11.68
32
0.0
Richards Packaging Income Fund [RPI.UT]
2
25.44
48
0.0
Riken Technos Corporation [4220]
7
6.63
47
0.0
Sajodaerim Corporation [003960]
2
26.48
41
0.0
Sarawak Plantation Bhd. [5135]
99
0.46
46
0.0
Shinagawa Refractories Co. Ltd. [5351]
4
12.73
51
0.0
Singapore Exchange Ltd. [S68]
6
6.82
39
0.0
Smiths News PLC [SNWS]
53
0.61
32
0.0
SMK Corporation [6798]
3
17.30
47
0.0
SMS Co. Ltd. [2175]
2
17.10
41
0.0
Stolt-Nielsen Limited [SNI]
1
36.87
38
0.0
Sumitomo Seika Chemicals Co. Ltd. [4008]
1
33.63
37
0.0
Sun-Wa Technos Corporation [8137]
2
15.79
32
0.0
TAKARA & COMPANY LTD [7921]
3
18.57
46
0.0
TechMatrix Corporation [3762]
3
12.24
40
0.0
Thai Stanley Electric Public Co. Ltd. NVDR [STANLY.R]
7
5.65
37
0.0
Titan Cement International N.V. [TITC]
2
28.62
50
0.0
Topy Industries Limited [7231]
2
17.91
39
0.0
Toyo Engineering Corporation [6330]
5
6.43
35
0.0
Ubicom Holdings. Inc. [3937]
4
8.58
36
0.0
Vallourec SA [VK]
2
18.58
33
0.0
Westaim Corporation [WED]
12
2.73
32
0.0
Yossix Holdings Co.Ltd. [3221]
3
19.69
49
0.0
Abist Co. Ltd. [6087]
1
20.98
13
0.0
A.B.P. Nocivelli S.p.A. [ABP]
4
4.32
17
0.0
Achilles Corporation [5142]
3
10.20
25
0.0
AGS Corporation [3648]
2
5.72
12
0.0
AJIS Co. Ltd. [4659]
1
16.83
13
0.0
Alphapolis Co. Ltd. [9467]
1
13.55
16
0.0
Argo Graphics Inc. [7595]
1
28.41
31
0.0
ASIA PILE HOLDINGS Corporation [5288]
4
5.74
24
0.0
Autosports Group Ltd [ASG]
7
1.74
12
0.0
Awilco LNG ASA [ALNG]
37
0.63
23
0.0
Base Resources Limited [BSE]
233
0.08
17
0.0
Boryszew S.A. [BRS]
18
1.50
27
0.0
BTS Rail Mass Transit Growth Infrastructure Fund 2013- Foreign Registered Units [BTSGIF.F]
342
0.08
29
0.0
Business Brain Showaota Inc. [9658]
1
14.34
20
0.0
Career Design Center Co. Ltd. [2410]
2
11.93
20
0.0
China Starch Holdings Limited [3838]
1,500
0.02
29
0.0
Costain Group PLC [COST]
18
0.95
17
0.0
CREEK & RIVER Co. Ltd. [4763]
2
13.04
23
0.0
Dai Nippon Toryo Company Limited [4611]
3
8.01
23
0.0
Delfi Limited [P34]
39
0.67
26
0.0
Enghouse Systems Limited [ENGH]
1
22.56
27
0.0
EXEL Industries SA [EXE]
0
60.26
16
0.0
Foresight Group Holdings Ltd. [FSG]
2
5.62
13
0.0
Gecoss Corporation [9991]
3
7.62
22
0.0
GMO GlobalSign Holdings K.K. [3788]
2
20.75
31
0.0
Hiroshima Gas Co. Ltd. [9535]
4
2.52
11
0.0
Hodogaya Chemical Co. Ltd. [4112]
1
24.12
19
0.0
ID Holdings Corporation [4709]
3
10.23
27
0.0
iFAST Corporation Ltd [AIY]
6
4.93
31
0.0
IGG Inc. [799]
46
0.42
19
0.0
JAC Recruitment Co. Ltd. [2124]
4
5.29
23
0.0
JANOME Corporation [6445]
4
4.56
17
0.0
Japan Electronic Materials Corporation [6855]
1
18.35
20
0.0
Japan Medical Dynamic Marketing Inc. [7600]
5
4.86
23
0.0
Johnson Service Group PLC [JSG]
17
1.66
29
0.0
Kanaden Corporation [8081]
2
9.98
22
0.0
Kawan Food Bhd. [7216]
59
0.38
23
0.0
Koatsu Gas Kogyo Co. Ltd. [4097]
5
5.89
27
0.0
KPX Chemical Co. Ltd. [025000]
0
34.28
17
0.0
Kyowa Leather Cloth Co. Ltd. [3553]
3
5.33
15
0.0
Lubelski Wegiel BOGDANKA SA [LWB]
4
8.43
30
0.0
Lycopodium Limited [LYL]
4
7.63
29
0.0
Maezawa Industries Inc. [6489]
4
7.56
28
0.0
Maruzen Showa Unyu Co. Ltd. [9068]
1
30.92
31
0.0
MATCHING SERVICE JAPAN CO.LTD. [6539]
3
7.79
20
0.0
Medipal Holdings Corporation [7459]
2
15.33
31
0.0
MegaStudy Co. Ltd. [072870]
3
8.23
22
0.0
Moresco Corporation [5018]
2
9.43
19
0.0
Morgan Sindall Group plc [MGNS]
1
29.31
27
0.0
Nanyo Corp. [7417]
2
8.50
14
0.0
Naturhouse Health SA [NTH]
7
1.77
12
0.0
Nedap N.V [NEDAP]
0
73.01
19
0.0
Nice Corporation [8089]
1
12.03
11
0.0
Nippon Carbide Industries CompanyIncorporated [4064]
2
12.14
27
0.0
Nitto Kohki Co. Ltd. [6151]
2
12.83
28
0.0
Okabe Co. Ltd. [5959]
4
5.19
23
0.0
Okura Industrial Co. Ltd. [4221]
1
20.71
27
0.0
Orascom Construction Plc [ORAS]
4
5.68
21
0.0
ORO Co. Ltd. [3983]
2
18.50
28
0.0
Osaki Electric Co. Ltd. [6644]
4
4.51
17
0.0
Pacific Century Regional Developments Ltd [P15]
96
0.24
23
0.0
Parker Corporation [9845]
2
6.63
15
0.0
Perenti Limited [PRN]
36
0.64
23
0.0
Prestige International Inc. [4290]
6
4.59
27
0.0
PT Champ Resto Indonesia Tbk [ENAK]
400
0.07
28
0.0
PT Resource Alam Indonesia Tbk [KKGI]
898
0.02
19
0.0
Qilu Expressway Co. Ltd. Class H [1576]
91
0.26
23
0.0
RIX Corporation [7525]
1
27.49
16
0.0
SAMSE SA [SAMS]
0
199.26
14
0.0
Sato Holdings Corporation [6287]
2
15.18
29
0.0
Seikagaku Corporation [4548]
6
5.05
28
0.0
Seino Holdings Co. Ltd. [9076]
2
13.97
25
0.0
Sekisui Kasei Co. Ltd. [4228]
6
3.36
19
0.0
Service Stream Limited [SSM]
19
0.82
16
0.0
Shikoku Bank Ltd. [8387]
3
8.09
27
0.0
Sigma Koki Co. Ltd. [7713]
3
10.90
29
0.0
SKY Network Television Ltd [SKT]
16
1.69
28
0.0
Sligro Food Group N.V. [SLIGR]
2
15.14
30
0.0
Sodick Co. Ltd. [6143]
5
4.76
22
0.0
Soken Chemical & Engineering Co. Ltd. [4972]
1
21.31
13
0.0
Soliton Systems K.K. [3040]
2
8.86
16
0.0
SThree plc [STEM]
3
5.43
19
0.0
Sugimoto & Co. Ltd. [9932]
2
15.03
26
0.0
Ta Ann Holdings Bhd. [5012]
17
0.85
15
0.0
Titanium Oyj [TITAN]
1
14.96
16
0.0
Toho Co. Ltd. [8142]
1
20.28
26
0.0
TOYA S.A. [TOA]
11
1.94
21
0.0
Tree Island Steel Ltd. [TSL]
6
2.50
14
0.0
Tsubakimoto Kogyo Co. Ltd. [8052]
2
15.10
23
0.0
Vetoquinol SA [VETO]
0
107.46
29
0.0
Vision Inc. ( Japan) [9416]
4
8.09
31
0.0
Wacom Co. Ltd. [6727]
6
4.37
26
0.0
Wagners Holding Co. Ltd. [WGN]
30
0.64
19
0.0
WARABEYA NICHIYO HOLDINGS Co. Ltd. [2918]
1
18.43
18
0.0
Wilmington plc [WIL]
6
4.40
27
0.0
WingArc1st Inc. [4432]
1
20.25
28
0.0
YAMADA Consulting Group Co. Ltd. [4792]
2
11.85
19
0.0
Zen Corporation Group Public Company Limited NVDR [ZEN.R]
62
0.22
13
0.0
Zimplats Holdings Limited [ZIM]
1
11.10
12
0.0
Zuken Inc. [6947]
1
29.77
21
0.0
Almogim Holdings Ltd [ALMA]
1
2.31
2
0.0
APAC Resources Limited [1104]
60
0.12
7
0.0
Ascom Holding AG [ASCN]
0
9.14
2
0.0
BesHom Holdings Bhd [7668]
9
0.19
2
0.0
Boustead Singapore Limited [F9D]
13
0.71
9
0.0
BRC Asia Limited [BEC]
0
1.40
0
0.0
Castro Model Ltd. [CAST]
0
14.35
6
0.0
CDS Co. Ltd. [2169]
1
11.48
9
0.0
Dom Development S.A. [DOM]
0
43.98
0
0.0
Ever Reach Group Holdings Co. Ltd. [3616]
117
0.03
4
0.0
Exail Technologies SA [EXA]
0
24.19
1
0.0
FAN Communications. Inc. [2461]
2
2.66
5
0.0
Fiducian Group Ltd [FID]
2
4.96
10
0.0
Fursys Inc. [016800]
0
26.74
9
0.0
IMC S.A. [IMC]
1
2.52
2
0.0
Kimly Ltd. [1D0]
44
0.23
10
0.0
Ladprao General Hospital Public Company Ltd NVDR [LPH.R]
60
0.13
8
0.0
MAEIL HOLDINGS CO. LTD. [005990]
1
6.03
3
0.0
Magyar Telekom Telecommunications Plc Sponsored ADR [MYTAY]
1
12.29
7
0.0
Melcor Developments Ltd. [MRD]
1
8.49
9
0.0
Midway Ltd [MWY]
1
0.47
1
0.0
Modern Land (China) Co. Ltd. [1107]
13
0.00
0
0.0
New Times Energy Corporation Limited [166]
253
0.01
2
0.0
NTT Data Intramart Corporation [3850]
1
12.36
7
0.0
NZME Limited [NZM]
1
0.57
0
0.0
Oriola Corp Class A [OKDAV]
6
1.20
8
0.0
Oriola Corp Class B [OKDBV]
1
1.10
1
0.0
Orion Oyj Class A [ORNAV]
0
37.37
3
0.0
PageGroup PLC [PAGE]
1
5.67
6
0.0
PALFINGER AG [PAL]
0
24.89
9
0.0
Pro-Pac Packaging Ltd [PPG]
6
0.14
1
0.0
PropNex Ltd. [OYY]
2
0.68
2
0.0
Proto Corp. [4298]
0
9.47
1
0.0
PSC Corporation Ltd [DM0]
39
0.26
10
0.0
PT Jaya Bersama Indo [DUCK]
83
NaN
0
0.0
PT Salim Ivomas Pratama Tbk [SIMP]
357
0.02
9
0.0
Sierra Rutile Holdings Limited [SRX]
93
0.08
7
0.0
Thantawan Industry PCL NVDR [THIP.R]
10
0.82
8
0.0
Xingye Alloy Materials Group Limited [505]
51
0.13
7
0.0
Total
--
--
--
208,713
97.9
Cash and Other Assets Less Liabilities
--
--
--
--
2.1
Total Net Assets
--
--
--
--
100%
Sector Allocations
As of 3/31/2024
International Core Fund (HAONX)
MSCI EAFE (ND) Index
-
Industrials
HAONX: 20.1%
Benchmark: 16.8%
-
Financials
HAONX: 17.6%
Benchmark: 19.3%
-
Information Technology
HAONX: 15.9%
Benchmark: 9.4%
-
Consumer Discretionary
HAONX: 15.1%
Benchmark: 12.5%
-
Health Care
HAONX: 12.9%
Benchmark: 12.7%
-
Materials
HAONX: 8.6%
Benchmark: 7.2%
-
Energy
HAONX: 4.8%
Benchmark: 4.1%
-
Communication Services
HAONX: 2.3%
Benchmark: 4.0%
-
Utilities
HAONX: 1.8%
Benchmark: 3.1%
-
Consumer Staples
HAONX: 0.6%
Benchmark: 8.5%
-
Cash
HAONX: 0.2%
Benchmark: NaN%
-
Real Estate
HAONX: 0.2%
Benchmark: 2.3%
HAONX: International Core Fund
Benchmark: MSCI EAFE (ND) Index
Sector Returns
As of 3/31/2024
Economic Sector
International Core Fund %
MSCI EAFE (ND) Index %
Communication Services
24.0
4.1
Information Technology
16.4
14.3
Financials
12.3
8.5
Consumer Discretionary
11.2
11.1
Energy
8.3
2.2
Industrials
5.6
7.9
Health Care
4.7
4.7
Materials
3.9
-1.1
Real Estate
2.1
1.5
Consumer Staples
-3.3
-3.1
Utilities
-7.6
-5.0
Top 10 Countries
As of 3/31/2024
Country
International Core Fund %
MSCI EAFE (ND) Index %
Japan
19.4
23.5
Switzerland
11.9
9.4
United Kingdom
7.6
14.5
France
7.1
12.2
Denmark
6.7
3.6
Italy
6.4
2.8
Australia
5.8
7.1
Germany
5.6
8.7
Spain
5.0
2.7
United States
3.3
--
Other
21.2
15.5
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
Name
Date
File
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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