|Expense Ratio (net)||0.48%|
|Category||World Large Stock|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (3Y Monthly)||0.90|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Aug 14, 1995|
This article was originally published in the October 2018 issue of Morningstar FundInvestor. It's hard even for us full-time fund analysts to keep up with all the changes, so I imagine a couple of changes get lost along the way for many investors. Millions of investors left the fund, but a very strong team of managers, analysts, and traders remained.
E*TRADE is the only major online broker to offer Vanguard mutual funds within its no-load, no-transaction-fee program
Harbor Funds made some major news in the mutual fund world recently. The firm announced it was replacing longtime subadvisor Northern Cross with Marathon Investment Management at Harbor International HIINX , a holding in my Model Bucket Portfolios for retired investors.
Harbor International's HAINX Morningstar Analyst Rating is Under Review after the family replaced longtime subadvisor Northern Cross with Marathon Asset Management. Although the Northern Cross management team contributed to the fund's outstanding results in the 1990s and 2000s, it has struggled to reach those lofty heights since former lead manager Hakan Castegran died in October 2010. Since then, the fund's 5.3% annualized gain edged the MSCI ACWI ex USA Index's 5.1% through July 2018 but lagged the foreign large-blend Morningstar Category average's 5.5%.
In June, Morningstar manager research analysts affirmed the Morningstar Analyst Ratings of 142 funds, upgraded the ratings of 10 funds, downgraded the ratings of two funds, placed one fund's rating under review, and assigned new ratings to seven funds. T. Rowe Price Overseas Stock TROSX and T. Rowe Price Institutional International Core Equity TRCEX have posted competitive risk-adjusted results in variety of climates since manager Ray Mills took the helm in 2006. Reasonable fees and T. Rowe Price's exceptional analytical resources add to the funds' appeal, resulting in a Morningstar Analyst Rating upgrade to Silver from Bronze.