Harbor Target Retirement 2010 Fund Institutional Class (HARDX)

Portfolio Characteristics (As of Month-Ended 01/31/2012)

 Target Retirement 2010 Fund Value
Number of Underlying Funds15

Actual Allocations (As of Month-Ended 12/31/2011)

As of Month-Ended 12/31/2011
As of Month-Ended 12/31/2011
Harbor Fund% of Market Value
Equity and Strategic Markets
Capital Appreciation Fund2.6%
Mid Cap Growth Fund1.7%
Small Cap Growth Fund1.4%
Large Cap Value Fund4.0%
Mid Cap Value Fund2.6%
Small Cap Value Fund2.1%
International Fund6.4%
International Growth Fund2.7%
Global Value Fund1.4%
Global Growth Fund1.4%
Commodity Real Return Strategy Fund1.2%
Fixed Income
High-Yield Bond Fund10.5%
Bond Fund40.4%
Real Return Fund16.6%
Short-Term Investments
Money Market Fund5.0%

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.