What this ETF is trying to do

The HARBOR INTERNATIONAL COMPOUNDERS ETF (ticker: OSEA) is an exchange-traded fund that focuses on international companies. Based on its top holdings, the fund invests in various global businesses across different sectors and countries.

What the numbers show

The current price of OSEA is $29.60. When looking at how the share price has moved, we can see different results depending on the time frame:

• Year-to-Date (YTD): The price return is approximately -2.15%.

• One Year: The price return was approximately -2.31%.

• Three Years: The price return was approximately 29.35%.

It is important to distinguish between price return (how much the share price changed) and total return (which includes distributions). For example, over the last year, while the price return was -2.31%, the total return was approximately -1.09%. Over three years, the total return of 32.51% was higher than the price return of 29.35%.

An estimated price from roughly one year ago was $30.30.

Income and distribution explanation

OSEA provides a distribution yield of approximately 1.27%. The trailing distributions were $0.376. The data shows that the distribution frequency is "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because the frequency is irregular, investors should not expect a steady monthly or quarterly check.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, we can look at the erosion-risk score, which is 94. This is labeled as "Stable / sideways" with a "good" severity rating. There is no severe erosion-risk flag for this ETF.

Pros

• Strong Three-Year Performance: The fund has shown a significant three-year total return of 32.51%.

• Stable Erosion Score: The erosion-risk measurement suggests the price trend is currently stable.

Cons

• Recent Price Declines: Both the year-to-date and one-year price returns have been negative.

• Irregular Income: The distributions do not follow a regular, frequent schedule.

Top Holdings

The following are the top holdings in the portfolio (note that this is a partial list):

• Taiwan Semiconductor Manufacturing Co Ltd ADR: 7.05%

• ASML Holding NV: 5.95%

• Schneider Electric SE: 4.28%

• Hoya Corp: 4.13%

• Deutsche Boerse AG: 4.10%

• Siemens AG: 4.03%

• SAP SE: 4.02%

• AIA Group Ltd: 3.78%

• AstraZeneca PLC: 3.74%

• Contemporary Amperex Techn H Common Stock: 3.47%

*Holdings are subject to change over time.*

Beginner takeaway

OSEA is an international ETF that has shown strong growth over a three-year period, even though its share price has dipped slightly over the last year. It offers a modest distribution yield, but because the payments are irregular, it may not be a primary source of steady income for all investors.