Harbor Target Retirement 2045 Fund Institutional Class (HACCX)

Portfolio Characteristics (As of Month Ended 06/30/2014)

 Target Retirement 2045 Fund Value
Number of Underlying Funds13

Actual Allocations (As of Month Ended 06/30/2014)

As of Month Ended 06/30/2014
As of Month Ended 06/30/2014
Harbor Fund% of Market Value
Equity
Capital Appreciation Fund10.2%
Mid Cap Growth Fund5.2%
Small Cap Growth Fund4.7%
Large Cap Value Fund12.0%
Mid Cap Value Fund7.8%
Small Cap Value Fund5.7%
International Fund19.6%
International Growth Fund10.5%
Global Growth Fund4.3%
Fixed Income
Unconstrained Bond Fund1.6%
High-Yield Bond Fund6.4%
Bond Fund8.0%
Commodities
Commodity Real Return Strategy Fund4.0%

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.