Harbor Target Retirement 2020 Fund Institutional Class (HARJX)

NOT AVAILABLE FOR DIRECT INVESTORS OR INTERMEDIARIES

Portfolio Characteristics (As of Month Ended 02/28/2015)

 Target Retirement 2020 Fund Value
Number of Underlying Funds16

Actual Allocations (As of Month Ended 02/28/2015)

As of Month Ended 02/28/2015
As of Month Ended 02/28/2015
Harbor Fund% of Market Value
Equity
Capital Appreciation Fund4.3%
Mid Cap Growth Fund2.2%
Small Cap Growth Fund2.0%
Large Cap Value Fund5.1%
Mid Cap Value Fund3.3%
Small Cap Value Fund2.4%
International Fund7.6%
International Growth Fund5.3%
Global Growth Fund1.8%
Fixed Income
Unconstrained Bond Fund6.2%
Convertible Securities Fund4.0%
High-Yield Bond Fund15.2%
Bond Fund27.5%
Real Return Fund8.9%
Short-Term Investments
Money Market Fund1.4%
Commodities
Commodity Real Return Strategy Fund2.8%

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.