Harbor Target Retirement 2020 Fund Institutional Class (HARJX)

Portfolio Characteristics (As of Month-Ended 04/30/2013)

 Target Retirement 2020 Fund Value
Number of Underlying Funds14

Actual Allocations (As of Month-Ended 04/30/2013)

As of Month-Ended 04/30/2013
As of Month-Ended 04/30/2013
Harbor Fund% of Market Value
Equity and Strategic Markets
Capital Appreciation Fund3.6%
Mid Cap Growth Fund2.3%
Small Cap Growth Fund1.9%
Large Cap Value Fund5.4%
Mid Cap Value Fund3.5%
Small Cap Value Fund2.8%
International Fund8.9%
International Growth Fund3.8%
Global Value Fund1.9%
Global Growth Fund1.9%
Commodity Real Return Strategy Fund3.2%
Fixed Income
High-Yield Bond Fund12.8%
Bond Fund36.5%
Real Return Fund11.3%

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.