Harbor International Compounders ETF returned -5.30% (NAV), underperforming the benchmark, the MSCI All Country World ex-US Index, which returned -0.71%. Relative performance was impacted by underexposure to the memory-led rally, as the ETF's technology exposure is skewed toward high-quality, long-duration enablers of AI. HDFC Bank shares detracted after a chairman's resignation and energy-driven market declines, despite healthy deposit growth and asset quality remaining best-in-class.
CPC Advisors LLC boosted its stake in shares of Harbor International Compounders ETF (NYSEARCA:OSEA) by 68.2% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,606 shares of the company's stock after acquiring an additional 39,586 shares during the quarter. CPC
During the fourth quarter, the Harbor International Compounders ETF (Institutional Class, “ETF”) returned 3.80% (NAV), underperforming the benchmark, the MSCI All Country World ex-US Index, which returned 5.05%. Prosus, RELX, and Linde detracted the most. Key contributors to performance in the quarter were AstraZeneca and SSE. During the quarter, we purchased Contemporary Amperex Technology, MercadoLibre, Rheinmetall, Tesco, and added further to Prosus.
The Harbor International Equity ETF (EPIN) offers access to a disciplined, bottom-up approach to international investing. In the third quarter of 2025, the Harbor International Equity ETF returned 5.18% (NAV), underperforming its benchmark, the Msci Acwi ex-U.S.® Index, which returned 6.89%. The strategy's performance was primarily driven by strong stock selection, particularly within the Communication Services, Information Technology, and Financials sectors.
During the third quarter, the Harbor International Compounders ETF returned 1.03% (NAV), underperforming the benchmark, the MSCI All Country World ex-US Index, which returned 6.89%. During the quarter, we sold Epiroc and reduced our investment in Ferguson, while adding Prosus. Today, economic growth and equity market leadership is very narrow, relying on the few.
The skinny on these exchange-traded funds' wide-moat holdings.