Harbor Target Retirement Income Fund Institutional Class (HARAX)

Portfolio Characteristics (As of Month Ended 04/30/2016)

 Target Retirement Income Fund Value
Number of Underlying Funds14

Actual Allocations (As of Month Ended 04/30/2016)

As of Month Ended 04/30/2016
As of Month Ended 04/30/2016
Harbor Fund% of Market Value
Equity and Commodity
Capital Appreciation Fund2.5%
Mid Cap Growth Fund1.3%
Small Cap Growth Fund1.2%
Large Cap Value Fund3.1%
Mid Cap Value Fund2.0%
Small Cap Value Fund1.4%
International Fund4.5%
International Growth Fund3.1%
Global Growth Fund1.1%
Fixed Income
Unconstrained Bond Fund6.2%
High-Yield Bond Fund11.1%
Bond Fund37.1%
Real Return Fund15.5%
Short-Term Investments
Money Market Fund9.9%

The Harbor Target Retirement Income Fund is designed for investors currently in retirement, and its investments are expected to remain stable over time. The other Harbor Target Retirement Funds are designed for investors who plan to retire close to the year indicated in the Funds' names. These Funds' asset allocations will change over time and become more conservative as time elapses. The principal value of the Funds is not guaranteed at any time, including the target retirement date.