Fund Evaluator:
Harbor International Institutional (HAINX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Harbor International Institutional Overview
Harbor International Institutional (HAINX) is an actively managed International Equity Foreign Large Blend fund. Harbor Capital Advisors Inc launched the fund in 1987.
The investment seeks long-term total return, principally from growth of capital. The fund invests primarily (no less than 65% of its total assets under normal market conditions) in common and preferred stocks of foreign companies located principally in developed markets across Europe, Japan and Asia Pacific ex Japan. The Subadvisor's investment strategy focuses on identifying attractive long-term investment opportunities that can arise as a result of certain capital cycle, or supply-side, conditions.
About Harbor International Institutional (HAINX)
There are 6 members of the management team with an average tenure of 6.33 years: William Arah (2018), Nick Longhurst (2018), Charles Carter (2018), Alex Duffy (2021), Toma Kobayashi (2022), Justin Hill (2021). 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 Institutional has 233 securities in its portfolio. The top 10 holdings constitute 18.5% 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 Institutional is part of the Equity global asset class and is within the International Equity fund group. Harbor International Institutional has 94.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.2%. There is 94.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harbor International Institutional has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is above 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.
HAINX 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 Institutional expense ratio is high compared to funds in the Foreign Large Blend category. Harbor International Institutional has an expense ratio of 0.80%, which is 15% 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 Institutional has a portfolio turnover rate of 17%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.
Recently, in the month of June 2026, Harbor International Institutional returned -0.2%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.5%. 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 Institutional has a trailing yield of 3.38%, which is above the 2.19% category average. The fund normally distributes its income annually and its capital gains 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 Institutional Grades
Year to date, the fund has returned 5.5%, 5.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 12.9% over the past year (grade of F), 14.0% over the past three years (grade of F) and 7.1% per year over the past five years (grade of D) and 8.0% per year over the past 10 years (grade of F).
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HAINX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HAINX Return (NAV) | -0.2% | 6.6% | 12.9% | 14.0% | 7.1% | 8.0% |
| HAINX Grade | D | F | F | F | D | F |
| +/- Category | -0.7% | -4.1% | -8.4% | -2.7% | -1.1% | -1.5% |
| Foreign Large Blend Avg | 0.5% | 10.6% | 21.3% | 16.7% | 8.2% | 9.5% |
| HAINX Tax Cost Ratio | na | na | 1.4% | 1.3% | 1.2% | 1.9% |
HAINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HAINX Return (NAV) | 5.5% | 28.4% | 4.2% | 16.1% | -13.8% | 9.5% | 11.1% | 22.5% | -18.0% | 22.9% | 0.2% |
| HAINX Grade | F | D | C | C | A | D | C | C | F | F | D |
| +/- Category | -5.4% | -2.1% | -0.6% | -0.1% | 2.6% | -0.6% | -0.7% | -0.4% | -2.7% | -3.5% | -0.7% |
| Foreign Large Blend Avg | 10.9% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.06 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (54% Rank) |
| Beta: | 0.85 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3773 Mil |
| Fund Total Assets: | $2,786 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 17% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 7.9 years | |||
| Average Tenure: 6.3 years | |||
| Managers (Year): Arah William (2018), Longhurst Nick (2018), Carter Charles (2018), Hill Justin (2021), Duffy Alex (2021), Kobayashi Toma (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 233 |
| % in Top 10 Holdings: | 18.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.2% |
Portfolio Allocation |
|
| Domestic Stock: | 4.2% |
| Foreign Stock: | 94.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | www.harborfunds.com |
| Status: | Open |
| Inception Date: | December 29, 1987 |
| Min. Initial Purchase: | $50,000 |
| Min. Initial IRA Purchase: | $50,000 |
| 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 (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Harbor International Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
