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 12/31/2024
3/1/2019
Inception Date
0.85
Net Expense Ratio
1.07
Gross Expense Ratio
$250.242
Total Fund Net Assets (million)
As of 12/31/2024
$230.939
Total Share Class Net Assets (million)
As of 12/31/2024
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.
5 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
International Core Fund
-4.31%
11.42%
11.42%
2.42%
7.73%
8.23%
0.85%
1.07%
MSCI EAFE (ND) Index
-8.11%
3.82%
3.82%
1.65%
4.73%
5.97%
--
--
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
12/19/2024
12/20/2024
12/20/2024
0.00000
0.27413
0.07391
--
0.00000
0.07391
0.34804
0.03005
--
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 12/31/2024
Download: Full Holdings (csv)
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Roche Holding Ltd Dividend Right Cert. [ROG]
31
281.93
8,764
3.5
ABB Ltd. [ABBN]
103
54.15
5,584
2.2
Recruit Holdings Co. Ltd. [6098]
66
70.91
4,645
1.9
BNP Paribas S.A. Class A [BNP]
74
61.32
4,556
1.8
Barclays PLC Sponsored ADR [BCS]
327
13.29
4,346
1.7
Wolters Kluwer N.V. [WKL]
26
166.09
4,314
1.7
Aristocrat Leisure Limited [ALL]
95
42.33
4,028
1.6
Experian PLC [EXPN]
91
43.15
3,907
1.6
adidas AG [ADS]
16
245.21
3,818
1.5
Telefonaktiebolaget LM Ericsson Sponsored ADR Class B [ERIC]
473
8.06
3,811
1.5
Spotify Technology SA [SPOT]
8
447.38
3,729
1.5
SAP SE [SAP]
14
244.69
3,515
1.4
Deutsche Boerse AG [DB1]
15
230.30
3,490
1.4
UBS Group AG [UBSG]
109
30.60
3,328
1.3
Check Point Software Technologies Ltd. [CHKP]
18
186.70
3,299
1.3
A.P. Moller - Maersk A/S Class B [MAERSK.B]
2
1,653.10
3,123
1.3
Sea Limited Sponsored ADR Class A [SE]
28
106.10
2,993
1.2
NatWest Group Plc [NWG]
583
5.04
2,935
1.2
Logitech International S.A. [LOGN]
35
82.80
2,866
1.1
Wix.com Ltd. [WIX]
13
214.55
2,851
1.1
China Construction Bank Corporation Class H [939]
3,411
0.83
2,845
1.1
Klepierre SA [LI]
96
28.79
2,772
1.1
FAST RETAILING CO. LTD. [9983]
8
342.45
2,740
1.1
Industria de Diseno Textil S.A. [ITX]
53
51.40
2,739
1.1
Schindler Holding Ltd. Pref [SCHP]
10
276.30
2,719
1.1
NAVER Corp. [035420]
19
135.11
2,574
1.0
Deutsche Bank Aktiengesellschaft [DBK]
148
17.23
2,551
1.0
Centrica plc [CNA]
1,439
1.67
2,407
1.0
Standard Chartered PLC [STAN]
192
12.38
2,375
1.0
Infosys Limited Sponsored ADR [INFY]
107
21.92
2,345
0.9
CaixaBank SA [CABK]
419
5.42
2,273
0.9
Pandora A/S [PNDORA]
12
182.88
2,241
0.9
ASE Technology Holding Co. Ltd. Sponsored ADR [ASX]
207
10.07
2,081
0.8
Leonardo SpA [LDO]
77
26.85
2,074
0.8
Compagnie de Saint-Gobain SA [SGO]
23
88.74
2,035
0.8
Pro Medicus Ltd. [PME]
13
154.86
2,007
0.8
Fujitsu Limited [6702]
108
17.81
1,926
0.8
Skandinaviska Enskilda Banken AB Class A [SEB.A]
130
13.71
1,777
0.7
Societe Generale S.A. Class A [GLE]
63
28.12
1,768
0.7
Brambles Limited [BXB]
142
11.91
1,693
0.7
Nintendo Co. Ltd. [7974]
28
58.95
1,650
0.7
NEC Corp. [6701]
19
87.30
1,624
0.7
BASF SE [BAS]
37
43.97
1,613
0.6
Grab Holdings Limited Class A [GRAB]
337
4.72
1,590
0.6
Koninklijke Ahold Delhaize N.V. [AD]
48
32.61
1,574
0.6
Novartis AG [NOVN]
16
97.88
1,557
0.6
Bluescope Steel Limited [BSL]
131
11.57
1,518
0.6
On Holding AG Class A [ONON]
28
54.77
1,541
0.6
Cochlear Limited [COH]
8
179.48
1,495
0.6
Qantas Airways Limited [QAN]
270
5.55
1,497
0.6
CyberArk Software Ltd. [CYBR]
4
333.15
1,461
0.6
Sage Group plc [SGE]
91
15.94
1,448
0.6
Tokyo Electron Ltd. [8035]
9
153.89
1,431
0.6
Genmab A/S [GMAB]
7
207.25
1,393
0.6
Sompo HoldingsInc. [8630]
52
26.21
1,352
0.5
GSK plc Sponsored ADR [GSK]
39
33.82
1,321
0.5
Japan Exchange Group Inc. [8697]
113
11.26
1,267
0.5
Adyen NV [ADYEN]
1
1,488.01
1,248
0.5
James Hardie Industries PLC Chess Units of Foreign Securities [JHX]
41
31.00
1,256
0.5
La Francaise des Jeux SA [FDJ]
32
38.54
1,237
0.5
NN Group N.V. [NN]
28
43.56
1,236
0.5
Ricoh Company Ltd. [7752]
107
11.53
1,237
0.5
Trend Micro Incorporated [4704]
23
54.51
1,232
0.5
BPER Banca S.p.A. [BPE]
184
6.35
1,169
0.5
International Consolidated Airlines Group SA [IAG]
313
3.78
1,182
0.5
Lasertec Corp. [6920]
12
96.62
1,188
0.5
Dai-ichi Life HoldingsInc. [8750]
43
26.95
1,145
0.5
Eisai Co. Ltd. [4523]
42
27.55
1,143
0.5
HitachiLtd. [6501]
46
25.05
1,147
0.5
ASML Holding NV ADR [ASML]
2
693.08
1,101
0.4
Erste Group Bank AG [EBS]
18
61.78
1,096
0.4
Givaudan SA [GIVN]
0
4,376.28
1,112
0.4
JAPAN POST HOLDINGS Co. Ltd. [6178]
116
9.48
1,100
0.4
Publicis Groupe SA [PUB]
10
106.66
1,094
0.4
Tokio Marine Holdings Inc. [8766]
30
36.45
1,108
0.4
REA Group Ltd [REA]
7
144.45
1,030
0.4
Knorr-Bremse AG [KBX]
14
72.85
994
0.4
Novo Nordisk A/S Class B [NOVO.B]
12
86.68
1,004
0.4
Silicon Motion Technology Corporation Sponsored ADR [SIMO]
18
54.05
997
0.4
Sony Group Corporation [6758]
46
21.44
986
0.4
Talanx AG [TLX]
12
85.07
985
0.4
Wartsila Oyj Abp [WRT1V]
55
17.72
976
0.4
Hana Financial Group Inc. [086790]
25
38.58
948
0.4
Orica Limited [ORI]
90
10.27
922
0.4
Mazda Motor Corp. [7261]
133
6.89
913
0.4
Dassault Aviation SA [AM]
4
204.20
882
0.4
Kongsberg Gruppen ASA [KOG]
8
112.70
881
0.4
RELX PLC [REL]
19
45.45
875
0.4
Rexel SA [RXL]
34
25.47
869
0.4
Empire Co Ltd Class A [EMP.A]
28
30.52
845
0.3
SoftBank Group Corp. [9984]
14
58.44
836
0.3
Nippon Shinyaku Co. Ltd. [4516]
32
25.38
805
0.3
SCREEN Holdings Co. Ltd [7735]
13
60.38
791
0.3
Atlas Copco AB Class A [ATCO.A]
50
15.28
772
0.3
Enghouse Systems Limited [ENGH]
41
18.84
767
0.3
Gaztransport & Technigaz SA [GTT]
6
133.17
775
0.3
Mitsubishi Electric Corp. [6503]
46
17.10
786
0.3
PTT Exploration & Production Plc NVDR [PTTEP.R]
224
3.49
782
0.3
Bilibili Inc. Class Z [9626]
41
18.28
757
0.3
Heidelberg Materials AG [HEI]
6
123.54
745
0.3
iShares MSCI EAFE ETF [EFA]
10
75.61
761
0.3
KBC Group N.V. [KBC]
10
77.19
750
0.3
Lottery Corporation Limited [TLC]
250
3.06
764
0.3
ORLEN Spolka Akcyjna [PKN]
65
11.43
743
0.3
Telia Company AB [TELIA]
270
2.78
748
0.3
Brother Industries Ltd. [6448]
42
17.16
714
0.3
Svenska Handelsbanken AB Class A [SHB.A]
67
10.34
692
0.3
Banca Mediolanum SpA [BMED]
57
11.90
674
0.3
Abu Dhabi Commercial Bank [ADCB]
218
2.84
618
0.3
BANK POLSKA KASA OPIEKI SA [PEO]
19
33.38
619
0.3
Capcom Co. Ltd. [9697]
28
22.10
628
0.3
Himax Technologies Inc. Sponsored ADR [HIMX]
78
8.04
627
0.3
Northern Star Resources Ltd [NST]
65
9.56
621
0.3
ONO Pharmaceutical Co. Ltd. [4528]
59
10.40
618
0.3
SITC International Holdings Co. Ltd. [1308]
236
2.66
629
0.3
Emirates Telecommunications Group Company PJSC [EAND]
138
4.44
614
0.2
HOCHTIEF Aktiengesellschaft [HOT]
5
134.30
611
0.2
TIS Inc. [3626]
25
23.78
592
0.2
Volvo AB Class B [VOLV.B]
24
24.31
595
0.2
DAIKIN INDUSTRIES LTD. [6367]
5
118.73
570
0.2
Hikma Pharmaceuticals Plc [HIK]
23
24.96
573
0.2
JAPAN POST INSURANCE Co. Ltd. [7181]
32
18.50
588
0.2
Otsuka Corporation [4768]
25
22.96
579
0.2
Investec plc [INP]
84
6.71
563
0.2
KDDI Corporation [9433]
17
32.08
552
0.2
Komercni banka a.s. [KOMB]
16
34.90
546
0.2
Logista Integral S.A. [LOG]
18
30.24
552
0.2
USS Co. Ltd. [4732]
64
8.76
556
0.2
Bandai Namco Holdings Inc. [7832]
22
24.05
519
0.2
Postal Savings Bank of China Co. Ltd. Class H [1658]
886
0.59
522
0.2
Sumitomo Mitsui Financial Group Inc. [8316]
22
23.95
532
0.2
Carnival plc Sponsored ADR [CUK]
22
22.51
499
0.2
New Hope Corporation Limited [NHC]
165
3.07
506
0.2
KB Financial Group Inc. [105560]
8
56.31
467
0.2
Nissan Motor Co. Ltd. [7201]
153
3.05
466
0.2
Computershare Limited [CPU]
21
21.02
447
0.2
Kuaishou Technology Class B [1024]
86
5.32
459
0.2
Orion Oyj Class B [ORNBV]
10
44.30
456
0.2
Rational AG [RAA]
1
853.25
440
0.2
Yaskawa Electric Corporation [6506]
17
25.88
448
0.2
Murata Manufacturing Co. Ltd. [6981]
27
16.29
436
0.2
Nomura Holdings Inc. [8604]
72
5.93
427
0.2
STMicroelectronics NV ADR RegS [STM]
17
24.97
424
0.2
Subaru Corporation [7270]
23
17.95
418
0.2
ADNOC Logistics & Services Plc [ADNOCLS]
270
1.48
398
0.2
PT Astra International Tbk [ASII]
1,323
0.30
403
0.2
Vipshop Holdings Ltd Sponsored ADR [VIPS]
29
13.47
391
0.2
Vodafone Group Plc [VOD]
480
0.86
411
0.2
ADNOC Drilling Company PJSC [ADNOCDRILL]
261
1.45
379
0.2
Banca Popolare di Sondrio S.p.A. [BPSO]
44
8.43
374
0.2
CES Energy Solutions Corp [CEU]
56
6.90
385
0.2
DWS Group GmbH & Co. KGaA [DWS]
9
41.21
380
0.2
Hexagon AB Class B [HEXA.B]
40
9.56
381
0.2
Zalando SE [ZAL]
12
33.54
388
0.2
Endesa S.A. [ELE]
17
21.51
357
0.1
Seiko Epson Corp. [6724]
20
18.30
362
0.1
United Microelectronics Corp. Sponsored ADR [UMC]
53
6.49
341
0.1
Wipro Limited Sponsored ADR [WIT]
101
3.54
356
0.1
Yalla Group Ltd. Sponsored ADR Class A [YALA]
83
4.06
339
0.1
Aldar Properties - P J S C [ALDAR]
152
2.09
317
0.1
CD Projekt S.A. [CDR]
7
46.35
334
0.1
Kyowa Kirin Co. Ltd. [4151]
22
15.12
333
0.1
Santen Pharmaceutical Co. Ltd. [4536]
31
10.30
315
0.1
Tenaga Nasional Bhd [5347]
97
3.34
323
0.1
Xero Limited [XRO]
3
104.36
319
0.1
Abu Dhabi Islamic Bank [ADIB]
79
3.76
297
0.1
Euronext NV [ENX]
3
112.14
309
0.1
Geberit AG [GEBN]
1
567.83
313
0.1
NICE Ltd. Sponsored ADR [NICE]
2
169.84
293
0.1
Raiffeisen Bank International AG [RBI]
15
20.45
305
0.1
Costamare Inc. [CMRE]
22
12.85
288
0.1
Criteo SA Sponsored ADR Repr 1 Sh [CRTO]
7
39.56
271
0.1
Danaos Corporation [DAC]
4
80.07
283
0.1
Nemetschek SE [NEM]
3
96.92
277
0.1
QinetiQ Group plc [QQ]
54
5.20
280
0.1
Sharjah Islamic Bank [SIB]
423
0.68
287
0.1
SPIE SA [SPIE]
9
31.11
282
0.1
Woori Financial Group Inc. [316140]
27
10.44
284
0.1
Arcadis NV [ARCAD]
4
60.89
252
0.1
Evolution Mining Limited [EVN]
88
2.98
262
0.1
Flow Traders Ltd [FLOW]
11
22.33
252
0.1
Mitsubishi UFJ Financial Group Inc. [8306]
22
11.75
260
0.1
Oriental Land Co. Ltd. [4661]
11
21.77
246
0.1
Singapore Exchange Ltd. [S68]
26
9.34
245
0.1
Technip Energies NV [TE]
9
26.61
251
0.1
Ultrapar Participacoes S.A. [UGPA3]
93
2.57
240
0.1
UNIPOL ASSICURAZIONI SPA [UNI]
19
12.46
241
0.1
Chemical Works of Gedeon Richter Plc [RICHT]
8
26.18
222
0.1
Continental AG [CON]
3
67.12
233
0.1
Hafnia Limited [HAFNI]
42
5.35
224
0.1
Kingfisher Plc [KGF]
70
3.11
219
0.1
M3 Inc. [2413]
26
8.89
229
0.1
NEXON Co. Ltd. [3659]
15
15.12
230
0.1
ROCKWOOL A/S Class B [ROCK.B]
1
354.37
218
0.1
Tiger Brands Limited [TBS]
15
15.32
231
0.1
Volvo Car AB Class B [VOLCAR.B]
104
2.17
225
0.1
ARM Holdings PLC ADR [ARM]
2
123.36
208
0.1
Datatec Limited [DTC]
78
2.64
206
0.1
Idemitsu Kosan Co. Ltd. [5019]
30
6.59
198
0.1
Kokuyo Co. Ltd. [7984]
11
17.80
189
0.1
PAL GROUP Holdings Co. Ltd. [2726]
10
19.44
198
0.1
Samudera Shipping Line Ltd [S56]
342
0.59
203
0.1
CTS Eventim AG & Co. KGaA [EVD]
2
84.55
184
0.1
Petronas Dagangan Bhd. [5681]
39
4.32
167
0.1
Suzuken Co. Ltd. [9987]
6
30.14
166
0.1
Alfen NV [ALFEN]
12
12.46
145
0.1
Astral Foods Limited [ARL]
15
9.91
145
0.1
BIPROGY Inc. [8056]
5
30.32
158
0.1
BRF SA [BRFS3]
37
4.10
152
0.1
CAR Group Limited [CAR]
6
22.31
138
0.1
PHX Energy Services Corp. [PHX]
23
6.48
149
0.1
Barco NV [BAR]
12
10.85
126
0.1
CEWE Stiftung & Co. KGaA [CWC]
1
107.07
115
0.1
Chiyoda Integre Co. Ltd. [6915]
6
20.74
116
0.1
Durr AG [DUE]
5
22.20
120
0.1
ENGIE S.A. [ENGI]
7
15.85
113
0.1
Hera S.p.A. [HER]
32
3.55
114
0.1
IG Group Holdings plc [IGG]
9
12.41
114
0.1
Japan Aviation Electronics Industry Limited [6807]
7
18.96
133
0.1
JOYY Inc. Sponsored ADR Class A [YY]
3
41.85
119
0.1
LG Electronics Inc. [066570]
2
56.72
126
0.1
Maxell Ltd. [6810]
10
11.91
121
0.1
Megachips Corporation [6875]
3
40.21
125
0.1
Mitsuboshi Belting Ltd. [5192]
5
25.45
125
0.1
PT Bank Danamon Indonesia Tbk Class A [BDMN]
741
0.16
117
0.1
SRG Global Limited [SRG]
133
0.86
114
0.1
Yangzijiang Shipbuilding (Holdings) Ltd. [BS6]
52
2.19
115
0.1
ZACROS Corporation [7917]
4
27.42
115
0.1
AEON Delight Co. Ltd. [9787]
4
27.65
111
0.0
Awa Bank Ltd. [8388]
6
17.32
99
0.0
Axial Retailing Inc. [8255]
18
5.85
103
0.0
ChipMOS Technologies Inc. Sponsored ADR [IMOS]
5
18.83
103
0.0
Dah Sing Banking Group Limited [2356]
107
1.06
113
0.0
Eco World Development Group Bhd. [8206]
195
0.47
91
0.0
Fukuda Denshi Co. Ltd. [6960]
2
46.26
102
0.0
Future Corporation [4722]
8
11.78
91
0.0
Glory Ltd. [6457]
6
16.51
94
0.0
Hanwa Co. Ltd. [8078]
3
31.69
101
0.0
Konica Minolta Inc. [4902]
25
4.22
104
0.0
KSB SE & Co. KGaA Vorz.Akt. ohne Stimmrecht [KSB3]
0
621.30
107
0.0
L E Lundbergforetagen AB Class B [LUND.B]
2
45.34
88
0.0
Makita Corporation [6586]
3
30.82
96
0.0
Nihon Trim Co. Ltd. [6788]
5
23.80
112
0.0
OPTORUN CO.LTD. [6235]
8
12.01
100
0.0
Pason Systems Inc. [PSI]
11
9.46
100
0.0
Petroleo Brasileiro SA Sponsored ADR [PBR]
8
12.86
101
0.0
PT Baramulti Suksessarana Tbk [BSSR]
379
0.28
105
0.0
Rubis SCA [RUI]
4
24.73
96
0.0
Sankyo Co. Ltd. [6417]
8
13.54
102
0.0
Text S.A. [TXT]
6
15.93
91
0.0
Tokyo Tekko Co. Ltd. [5445]
3
42.63
111
0.0
Toshiba Tec Corp. [6588]
4
22.97
92
0.0
Wendel SE [MF]
1
96.25
100
0.0
Zhihu Inc. Sponsored ADR [ZH]
31
3.54
110
0.0
Breedon Group PLC [BREE]
13
5.58
74
0.0
Centerra Gold Inc. [CG]
12
5.69
67
0.0
Colruyt Group N.V. [COLR]
2
37.53
63
0.0
Commercial Bank of Dubai(PSC) [CBD]
32
1.95
63
0.0
Compagnie Financiere Tradition SA [CFT]
0
203.59
65
0.0
Daihatsu Diesel Mfg. Co. Ltd. [6023]
7
11.84
86
0.0
en Japan Inc. [4849]
5
13.50
72
0.0
Eurazeo SE [RF]
1
74.50
73
0.0
Ginebra San Miguel Inc. [GSMI]
15
4.75
70
0.0
Guerbet SA [GBT]
2
27.75
66
0.0
Humana AB [HUM]
20
3.23
64
0.0
Humm Group Limited [HUM]
202
0.43
87
0.0
Ipsen SA [IPN]
1
114.63
83
0.0
LBS Bina Group Bhd. [5789]
688
0.12
85
0.0
ME Group International plc [MEGP]
31
2.57
79
0.0
Mitsubishi Shokuhin Co. Ltd. [7451]
3
31.94
83
0.0
RADCOM Ltd. [RDCM]
6
12.36
74
0.0
SEIKO GROUP CORPORATION [8050]
2
31.15
72
0.0
Semirara Mining & Power Corp. [SCC]
114
0.60
69
0.0
SIGMAXYZ Holdings Inc [6088]
11
5.97
63
0.0
Titan Cement International N.V. [TITC]
2
41.32
72
0.0
Tokyo Seimitsu Co. Ltd [7729]
2
46.81
70
0.0
Vital KSK Holdings Inc. [3151]
9
7.96
73
0.0
VSTECS Holdings Limited [856]
130
0.67
87
0.0
Webuild SpA [WBD]
28
2.95
81
0.0
Advanced Information Technology Public Co. Ltd. NVDR [AIT.R]
363
0.12
43
0.0
AF Gruppen ASA Class A [AFG]
4
13.07
54
0.0
Amerigo Resources Ltd [ARG]
55
1.08
59
0.0
Ateam Inc. [3662]
8
6.34
50
0.0
Betsson AB Class B [BETS.B]
5
13.00
59
0.0
Bloomsbury Publishing Plc [BMY]
5
8.44
41
0.0
Channel Infrastructure NZ Limited [CHI]
49
1.05
51
0.0
China Aviation Oil (Singapore) Corporation Ltd [G92]
75
0.67
50
0.0
Core Corporation [2359]
4
11.96
50
0.0
Daiichi Cutter Kogyo K.K. [1716]
5
8.95
45
0.0
Daitron Co. Ltd. [7609]
2
17.47
40
0.0
DEVSISTERS CORP. [194480]
3
18.82
57
0.0
Digital Arts Inc. [2326]
1
38.43
42
0.0
Dingdong (Cayman) Ltd. Sponsored ADR Class A [DDL]
12
3.28
40
0.0
EVS Broadcast Equipment SA [EVS]
2
32.05
55
0.0
Faisal Islamic Bank of Egypt [FAITA]
53
1.07
57
0.0
Firm Capital Mortgage Investment Corporation [FC]
5
8.30
45
0.0
Fuji Corporation [7605]
4
12.57
54
0.0
Furuno Electric Co. Ltd. [6814]
3
17.08
51
0.0
GL Events SA [GLO]
3
19.05
52
0.0
Global Ship Lease Inc. Class A [GSL]
2
21.83
47
0.0
Hap Seng Plantations Holdings Bhd. [5138]
112
0.45
50
0.0
Horizon Oil Limited [HZN]
507
0.12
60
0.0
Hunting PLC [HTG]
14
3.62
49
0.0
ISB CORPORATION [9702]
5
8.70
47
0.0
Islamic Arab Insurance Co. (Salama) [SALAMA]
341
0.11
39
0.0
IwaiCosmo Holdings Inc. [8707]
4
14.77
61
0.0
Jaguar Mining Inc. [JAG]
30
1.59
48
0.0
Japan Lifeline Co. Ltd. [7575]
5
8.77
46
0.0
Johnson Electric Holdings Limited [179]
28
1.40
39
0.0
Kaufman & Broad SA [KOF]
1
33.81
49
0.0
Knight Therapeutics Inc. [GUD]
15
3.71
56
0.0
Konishi Co. Ltd. [4956]
5
8.32
43
0.0
KurimotoLtd. [5602]
2
27.81
47
0.0
Kyodo Printing Co. Ltd. [7914]
2
25.64
46
0.0
Lintec Corporation [7966]
2
19.50
45
0.0
Macmahon Holdings Limited [MAH]
178
0.21
38
0.0
Marco Polo Marine Ltd. [5LY]
1,229
0.04
49
0.0
Mears Group PLC [MER]
9
4.53
41
0.0
MEITEC Group Holdings Inc. [9744]
2
18.87
45
0.0
Mimaki Engineering Co. Ltd. [6638]
5
10.51
54
0.0
Morgan Sindall Group plc [MGNS]
1
48.84
44
0.0
Nexxen International Ltd. Sponsored ADR [NEXN]
4
10.02
39
0.0
Nitto Kohki Co. Ltd. [6151]
2
17.26
38
0.0
NORMA Group SE [NOEJ]
4
15.47
54
0.0
Orsero SpA [ORS]
4
13.15
47
0.0
PCA Corporation [9629]
4
13.72
56
0.0
PERSOL HOLDINGS CO. LTD. [2181]
33
1.50
49
0.0
Proact IT Group AB [PACT]
4
10.66
42
0.0
Resolute Mining Limited [RSG]
169
0.24
41
0.0
Riken Technos Corporation [4220]
7
6.85
49
0.0
Sarawak Plantation Bhd. [5135]
99
0.54
53
0.0
Smiths News PLC [SNWS]
53
0.85
45
0.0
SMK Corporation [6798]
3
16.39
44
0.0
SPACE CO. LTD. [9622]
9
7.12
61
0.0
Super Hi International Holding Ltd. [9658]
18
2.83
51
0.0
TAKARA & COMPANY LTD [7921]
3
18.00
45
0.0
TechMatrix Corporation [3762]
3
15.09
50
0.0
Ten Square Games SA [TEN]
3
17.43
47
0.0
Towa Bank Ltd. [8558]
11
4.08
45
0.0
Westaim Corporation [WED]
2
21.57
42
0.0
Zinzino AB Class B [ZZ.B]
6
7.66
44
0.0
A.B.P. Nocivelli S.p.A. [ABP]
4
5.28
21
0.0
AC Immune SA [ACIU]
9
2.70
25
0.0
Air New Zealand Limited [AIR]
96
0.34
32
0.0
AIT Corporation [9381]
3
10.93
28
0.0
Alphapolis Co. Ltd. [9467]
4
7.22
26
0.0
Alpha Systems Inc. [4719]
1
21.41
28
0.0
Altron Limited Class A [AEL]
21
1.13
24
0.0
Analogue Holdings Limited [1977]
293
0.11
34
0.0
Argo Graphics Inc. [7595]
1
32.07
35
0.0
Autocount Dotcom Bhd [0276]
120
0.26
31
0.0
BKW AG [BKW]
0
165.74
25
0.0
BTS Rail Mass Transit Growth Infrastructure Fund(Alien Mkt) [BTSGIF.F]
342
0.09
30
0.0
Burkhalter Holding AG [BRKN]
0
100.41
31
0.0
Business Brain Showaota Inc. [9658]
1
13.63
19
0.0
Career Design Center Co. Ltd. [2410]
2
11.55
18
0.0
CCK Consolidated Holdings Bhd. [7035]
78
0.36
28
0.0
Cedar Woods Properties Limited [CWP]
9
3.41
30
0.0
China Starch Holdings Limited [3838]
1,500
0.02
37
0.0
Civmec Limited [P9D]
30
0.79
23
0.0
Costain Group PLC [COST]
18
1.33
24
0.0
CREEK & RIVER Co. Ltd. [4763]
2
10.14
18
0.0
Einhell Germany AG Pref [EIN]
0
65.24
29
0.0
Eurocell Plc [ECEL]
8
2.14
17
0.0
Formosa Prosonic Industries Bhd. [9172]
50
0.62
31
0.0
FreeBit Co. Ltd. [3843]
3
9.19
25
0.0
Futaba Corp. [6986]
7
3.23
21
0.0
GECOSS Corporation [9991]
3
6.49
19
0.0
GenusPlus Group Ltd. [GNP]
20
1.62
32
0.0
GMO GlobalSign Holdings K.K. [3788]
2
15.02
23
0.0
GSK plc [GSK]
1
16.86
23
0.0
HAL Trust [HAL]
0
119.50
34
0.0
High Liner Foods Incorporated [HLF]
3
11.10
33
0.0
Hodogaya Chemical Co. Ltd. [4112]
1
24.56
20
0.0
Hoegh Autoliners ASA [HAUTO]
2
9.97
24
0.0
Horiba Ltd. [6856]
0
58.23
17
0.0
Ichikoh IndustriesLtd. [7244]
9
2.55
22
0.0
ID Holdings Corporation [4709]
3
10.14
26
0.0
IGG Inc. [799]
46
0.52
24
0.0
JAC Recruitment Co. Ltd. [2124]
4
4.49
20
0.0
Japan Medical Dynamic Marketing Inc. [7600]
5
3.90
19
0.0
Johnson Service Group PLC [JSG]
17
1.70
29
0.0
Kaga Electronics Co. Ltd. [8154]
2
18.42
37
0.0
Kanaden Corporation [8081]
2
9.59
21
0.0
kaonavi Inc. [4435]
2
12.41
27
0.0
Kasikornbank Public Co. Ltd. NVDR [KBANK.R]
6
4.56
25
0.0
Kawan Food Bhd. [7216]
59
0.36
21
0.0
KENKO Mayonnaise Co. Ltd. [2915]
2
12.79
20
0.0
Koatsu Gas Kogyo Co. Ltd. [4097]
5
5.20
24
0.0
KPX Chemical Co. Ltd. [025000]
0
29.79
15
0.0
Kri-Kri Milk Industry SA [KRI]
2
15.53
30
0.0
KX Innovation Co. Ltd. [122450]
11
2.06
23
0.0
Kyowa Leather Cloth Co. Ltd. [3553]
3
4.53
13
0.0
Lagardere SA [MMB]
1
21.02
17
0.0
Lassonde Industries Inc. Class A [LAS.A]
0
128.51
26
0.0
Lubelski Wegiel BOGDANKA SA [LWB]
4
5.22
18
0.0
Maezawa Industries Inc. [6489]
4
8.07
30
0.0
Major Cineplex Group Public Co. Ltd. NVDR [MAJOR.R]
86
0.43
37
0.0
Matching Service Japan Co.Ltd. [6539]
3
7.01
18
0.0
Materialise NV Sponsored ADR [MTLS]
5
7.04
33
0.0
Medical System Network Co. Ltd. [4350]
7
2.71
20
0.0
MegaStudy Co. Ltd. [072870]
3
7.26
20
0.0
Meiji Electric Industries Co. Ltd. [3388]
2
9.16
20
0.0
MKH Oil Palm (East Kalimantan) Bhd [5319]
191
0.15
28
0.0
Moresco Corporation [5018]
2
8.74
17
0.0
Nedap N.V [NEDAP]
0
56.95
15
0.0
Nihon Denkei Co. Ltd. [9908]
3
11.93
32
0.0
Nihon Parkerizing Co. Ltd. [4095]
4
8.30
35
0.0
Nippon Carbide Industries CompanyIncorporated [4064]
2
11.03
24
0.0
Nippon Thompson Co. Ltd. [6480]
9
3.19
28
0.0
Okabe Co. Ltd. [5959]
4
4.87
21
0.0
One Enterprise Public Co. Ltd. NVDR [ONEE.R]
258
0.13
33
0.0
ORO Co. Ltd. [3983]
2
16.29
24
0.0
Osaki Electric Co. Ltd. [6644]
4
4.95
19
0.0
Pacific Century Regional Developments Ltd [P15]
96
0.24
23
0.0
Paramount Resources Ltd. Class A [POU]
1
22.12
15
0.0
Perenti Limited [PRN]
36
0.86
31
0.0
Petron Corp. [PCOR]
547
0.04
23
0.0
Pico Far East Holdings Limited [752]
158
0.24
38
0.0
Poh Kong Holdings Bhd. [5080]
121
0.22
26
0.0
Prestige International Inc. [4290]
6
4.34
26
0.0
PT Champ Resto Indonesia Tbk [ENAK]
400
0.05
21
0.0
PT Resource Alam Indonesia Tbk [KKGI]
902
0.03
30
0.0
PT TBS Energi Utama Tbk [TOBA]
1,305
0.02
32
0.0
Qilu Expressway Co. Ltd. Class H [1576]
74
0.30
22
0.0
Rheon Automatic Machinery Co. Ltd. [6272]
3
9.30
23
0.0
Riken Vitamin Co. Ltd. [4526]
1
15.61
22
0.0
SATO HOLDINGS Corporation [6287]
2
14.02
27
0.0
S&B Foods Inc. [2805]
1
33.47
30
0.0
Secure Waste Infrastructure Corp. [SES]
2
11.31
25
0.0
Seikagaku Corporation [4548]
6
5.12
29
0.0
Sekisui Kasei Co. Ltd. [4228]
6
2.27
13
0.0
Service Stream Limited [SSM]
19
0.97
19
0.0
Shikoku Bank Ltd. [8387]
3
7.39
25
0.0
Sigma Koki Co. Ltd. [7713]
2
9.14
19
0.0
SKY Network Television Ltd [SKT]
16
1.46
24
0.0
SKY Perfect JSAT Holdings Inc. [9412]
4
5.78
24
0.0
SMS Co. Ltd. [2175]
2
10.01
24
0.0
Sodick Co. Ltd. [6143]
5
4.68
22
0.0
Soken Chemical & Engineering Co. Ltd. [4972]
1
22.97
14
0.0
Soliton Systems K.K. [3040]
2
7.30
13
0.0
Somboon Advance Technology Public Co. Ltd. NVDR [SAT.R]
112
0.32
36
0.0
Sprocomm Intelligence Limited [1401]
138
0.20
28
0.0
SThree plc [STEM]
3
3.71
13
0.0
Sugimoto & Co. Ltd. [9932]
3
8.93
22
0.0
Sun-Wa Technos Corporation [8137]
2
14.37
29
0.0
Topy Industries Limited [7231]
2
12.73
28
0.0
TOYA S.A. [TOA]
9
1.74
16
0.0
Toyo Engineering Corporation [6330]
5
4.63
25
0.0
Tsubakimoto Kogyo Co. Ltd. [8052]
2
13.18
20
0.0
Ubicom Holdings. Inc. [3937]
4
8.35
35
0.0
Vetoquinol SA [VETO]
0
77.56
21
0.0
Wacom Co. Ltd. [6727]
6
4.61
28
0.0
WARABEYA NICHIYO HOLDINGS Co. Ltd. [2918]
1
12.92
13
0.0
WingArc1st Inc. [4432]
1
23.92
33
0.0
YAMADA Consulting Group Co. Ltd. [4792]
2
12.27
20
0.0
Yossix Holdings Co.Ltd. [3221]
1
20.65
23
0.0
Zen Corporation Group Public Company Limited NVDR [ZEN.R]
62
0.21
13
0.0
Zuken Inc. [6947]
1
26.41
18
0.0
Achilles Corporation [5142]
0
9.21
1
0.0
AJIS Co. Ltd. [4659]
1
14.86
12
0.0
Almogim Holdings Ltd [ALMA]
1
3.04
3
0.0
Ascom Holding AG [ASCN]
0
4.59
1
0.0
Boryszew S.A. [BRS]
4
1.43
5
0.0
Boustead Singapore Limited [F9D]
13
0.76
10
0.0
BRC Asia Limited [BEC]
0
1.83
1
0.0
Castro Model Ltd. [CAST]
0
27.91
12
0.0
Dom Development S.A. [DOM]
0
44.11
0
0.0
Ever Reach Group Holdings Co. Ltd. [3616]
117
0.00
0
0.0
Exail Technologies SA [EXA]
0
17.98
1
0.0
EXEL Industries SA [EXE]
0
44.53
6
0.0
Fiducian Group Ltd [FID]
2
5.39
11
0.0
Fursys Inc. [016800]
0
27.71
9
0.0
IMC S.A. [IMC]
0
3.90
1
0.0
Ladprao General Hospital Public Company Ltd NVDR [LPH.R]
60
0.13
8
0.0
MAEIL HOLDINGS CO. LTD. [005990]
1
5.79
3
0.0
Magyar Telekom Telecommunications Plc Sponsored ADR [MYTAY]
1
16.03
10
0.0
Melcor Developments Ltd. [MRD]
1
8.97
10
0.0
Modern Land (China) Co. Ltd. [1107]
13
0.00
0
0.0
Nanyo Corp. [7417]
2
7.28
12
0.0
Naturhouse Health SA [NTH]
7
1.71
12
0.0
New Times Corporation Limited [166]
153
0.01
1
0.0
Nice Corporation [8089]
1
10.47
9
0.0
NTT Data Intramart Corporation [3850]
1
16.67
10
0.0
NZME Limited [NZM]
1
0.61
0
0.0
Oriola Corp Class A [OKDAV]
6
0.93
6
0.0
Oriola Corp Class B [OKDBV]
1
0.92
1
0.0
Orion Oyj Class A [ORNAV]
0
44.11
3
0.0
PageGroup PLC [PAGE]
1
4.30
4
0.0
PALFINGER AG [PAL]
0
20.38
8
0.0
Parker Corporation [9845]
2
5.27
12
0.0
Pro-Pac Packaging Ltd [PPG]
6
0.02
0
0.0
PropNex Ltd. [OYY]
2
0.69
2
0.0
Proto Corp. [4298]
0
8.24
1
0.0
PSC Corporation Ltd [DM0]
39
0.24
10
0.0
PT Jaya Bersama Indo [DUCK]
83
NaN
0
0.0
Shanghai Chicmax Cosmetics Co. Ltd. Class H [2145]
1
4.49
6
0.0
Tatton Asset Management Plc [TAM]
1
8.53
10
0.0
Thantawan Industry PCL NVDR [THIP.R]
10
0.83
8
0.0
Titanium Oyj [TITAN]
1
10.21
9
0.0
Tree Island Steel Ltd. [TSL]
5
2.20
12
0.0
Xingye Alloy Materials Group Limited [505]
51
0.13
7
0.0
Total
--
--
--
250,147
97.2
Cash and Other Assets Less Liabilities
--
--
--
--
2.8
Total Net Assets
--
--
--
--
100%
Sector Allocations
As of 12/31/2024
International Core Fund (HAOSX)
MSCI EAFE (ND) Index
-
Financials
HAOSX: 22.9%
Benchmark: 21.9%
-
Industrials
HAOSX: 21.1%
Benchmark: 17.8%
-
Information Technology
HAOSX: 17.8%
Benchmark: 8.8%
-
Consumer Discretionary
HAOSX: 10.5%
Benchmark: 11.3%
-
Health Care
HAOSX: 9.2%
Benchmark: 12.4%
-
Communication Services
HAOSX: 8.1%
Benchmark: 4.8%
-
Materials
HAOSX: 3.7%
Benchmark: 6.0%
-
Energy
HAOSX: 2.4%
Benchmark: 3.5%
-
Consumer Staples
HAOSX: 1.5%
Benchmark: 8.4%
-
Utilities
HAOSX: 1.4%
Benchmark: 3.2%
-
Real Estate
HAOSX: 1.3%
Benchmark: 2.0%
-
Cash
HAOSX: 0.2%
Benchmark: NaN%
HAOSX: International Core Fund
Benchmark: MSCI EAFE (ND) Index
Sector Returns
As of 12/31/2024
Economic Sector
International Core Fund %
MSCI EAFE (ND) Index %
Utilities
0.4
-12.8
Information Technology
-0.6
-7.2
Communication Services
-1.4
-4.7
Financials
-1.6
-2.3
Consumer Discretionary
-2.2
-4.3
Industrials
-2.6
-6.4
Energy
-8.3
-8.3
Consumer Staples
-10.2
-12.6
Health Care
-10.9
-14.1
Real Estate
-12.0
-13.4
Materials
-16.9
-17.8
Top 10 Countries
As of 12/31/2024
Country
International Core Fund %
MSCI EAFE (ND) Index %
Japan
19.2
23.2
Switzerland
10.5
9.5
United Kingdom
9.7
14.9
Germany
8.2
9.3
France
7.1
11.1
Australia
7.1
7.3
Sweden
5.2
3.5
Netherlands
4.2
4.6
Israel
3.2
0.9
Denmark
3.2
2.9
Other
22.4
12.8
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.
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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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