Harbor Target Retirement 2040 Fund Administrative Class (HARZX)

Portfolio Characteristics (As of Month Ended 09/30/2014)

 Target Retirement 2040 Fund Value
Number of Underlying Funds14

Actual Allocations (As of Month Ended 09/30/2014)

As of Month Ended 09/30/2014
As of Month Ended 09/30/2014
Harbor Fund% of Market Value
Capital Appreciation Fund9.0%
Mid Cap Growth Fund4.5%
Small Cap Growth Fund4.1%
Large Cap Value Fund10.5%
Mid Cap Value Fund6.8%
Small Cap Value Fund5.0%
International Fund17.0%
International Growth Fund9.1%
Global Growth Fund3.8%
Fixed Income
Unconstrained Bond Fund2.6%
High-Yield Bond Fund9.2%
Bond Fund13.4%
Real Return Fund1.1%
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.