Harbor Target Retirement Income Fund Institutional Class (HARAX)

Portfolio Characteristics (As of Month-Ended 05/31/2013)

 Target Retirement Income Fund Value
Number of Underlying Funds14

Actual Allocations (As of Month-Ended 05/31/2013)

As of Month-Ended 05/31/2013
As of Month-Ended 05/31/2013
Harbor Fund% of Market Value
Equity and Strategic Markets
Capital Appreciation Fund2.0%
Mid Cap Growth Fund1.3%
Small Cap Growth Fund1.1%
Large Cap Value Fund3.0%
Mid Cap Value Fund2.0%
Small Cap Value Fund1.6%
International Fund4.8%
International Growth Fund2.0%
Global Value Fund1.1%
Global Growth Fund1.1%
Fixed Income
High-Yield Bond Fund10.2%
Bond Fund44.5%
Real Return Fund20.3%
Short-Term Investments
Money Market Fund5.1%

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.