Fund Evaluator:
Harbor International Core Retirement (HAORX)
Follow This Fund
Best Performing in Foreign Large Blend Over the Last Year
| 35.2% | AB International Strat Eqs Z (STEZX) |
| 32.9% | NYLI WMC International Research Eq Cl I (MYIIX) |
| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
| 31.2% | Goldman Sachs Intl Eq Insghts Inv (GCITX) |
| 31.2% | Vanguard International Core Stock Adm (VZICX) |
Fund Details
Harbor International Core Retirement Overview
Harbor International Core Retirement (HAORX) is an actively managed International Equity Foreign Large Blend fund. Harbor Capital Advisors Inc launched the fund in 2019.
The investment seeks long-term growth of capital. The fund invests at least 80% of its assets in a diversified portfolio of non-U.S. equity securities. It invests primarily in the stocks of foreign companies located in developed markets, but it may also invest up to 15% of its assets in the securities of companies located in emerging markets. The fund invests in stocks across the market capitalization spectrum. The subadvisor manages the fund using an active, quantitative investment strategy.
About Harbor International Core Retirement (HAORX)
There are 2 members of the management team with an average tenure of 5.00 years: Brendan Bradley (2019), Fanesca Young (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Harbor International Core Retirement has 866 securities in its portfolio. The top 10 holdings constitute 23.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Harbor International Core Retirement is part of the Equity global asset class and is within the International Equity fund group. Harbor International Core Retirement has 97.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2%. There is 97.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.4% (2.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harbor International Core Retirement has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $890 million in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HAORX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Harbor International Core Retirement expense ratio is above average compared to funds in the Foreign Large Blend category. Harbor International Core Retirement has an expense ratio of 0.77%, which is 18% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Harbor International Core Retirement has a portfolio turnover rate of 123%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Harbor International Core Retirement returned -0.1%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Harbor International Core Retirement has a trailing yield of 0.87%, which is below the 2.17% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Harbor International Core Retirement Grades
Year to date, the fund has returned 15.5%, 3.9 percentage points better than the category, which translates into a grade of A. The fund has returned 30.9% over the past year (grade of A), 22.0% over the past three years (grade of A) and 11.4% per year over the past five years (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Harbor International Core Retirement, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
HAORX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HAORX Return (NAV) | -0.1% | 6.0% | 30.9% | 22.0% | 11.4% | na |
| HAORX Grade | D | A | A | A | A | na |
| +/- Category | -0.8% | 1.6% | 6.7% | 6.2% | 3.0% | na |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| HAORX Tax Cost Ratio | na | na | 0.8% | 0.8% | 1.3% | na |
HAORX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HAORX Return (NAV) | 15.5% | 35.9% | 11.5% | 13.7% | -15.1% | 19.3% | 13.4% | na | na | na | na |
| HAORX Grade | A | A | A | F | B | A | B | na | na | na | na |
| +/- Category | 3.9% | 5.4% | 6.6% | -2.5% | 1.3% | 9.1% | 1.6% | na | na | na | na |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.09 - Above Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (79% Rank) |
| Beta: | 0.90 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $2336 Mil |
| Fund Total Assets: | $ 891 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 123% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Bradley Brendan (2019), Young Fanesca (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 866 |
| % in Top 10 Holdings: | 23.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 97.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 2.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | www.harborfunds.com |
| Status: | Open |
| Inception Date: | March 1, 2019 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $1,000,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Harbor International Core Investor |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
