Harbor Small Cap Growth Fund Institutional Class (HASGX)

Portfolio Characteristics (As of Quarter Ended 06/30/2017)

Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings781,171
Weighted Avg. Market Cap ($Mil)3,458.062,219.45
Median Market Cap ($Mil)2,943.81921.09
Price/Book Ratio4.444.37
Adj. Trailing P/E Ratio21.7323.02
Forecasted P/E Ratio19.6821.18
Earnings Growth Rate (%)15.8411.82
Proj. Earnings Growth Rate (%)15.2214.26
Return on Equity (%)5.5111.33
Turnover (unannualized % since 10/31)66-
Beta vs. Fund Benchmark0.91-

For definitions of the portfolio characteristics, visit our Financial Glossary.

Top Ten Holdings (As of Quarter Ended 06/30/2017)

Company Name [Ticker]% of Net Assets
John Bean Technologies Corp. [JBT]2.6
Berry Plastics Group Inc. [BERY]2.4
Icon plc [ICLR]2.3
Eldorado Resorts Inc. [ERI]2.1
Integra LifeSciences Holdings Corp. [IART]2.1
Installed Building Products Inc. [IBP]2.1
Omnicell Inc. [OMCL]2.0
Bright Horizons Family Solutions Inc. [BFAM]1.9
BMC Stock Holdings Inc. [BMCH]1.9
Ryder System Inc. [R]1.8
% of Total Holdings:21.2

Full Holdings (As of Quarter Ended 06/30/2017)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
John Bean Technologies Corp. [JBT]US17998.0017,5822.6
Berry Plastics Group Inc. [BERY]US29057.0116,5432.4
Icon plc [ICLR]IE15997.7915,5042.3
Eldorado Resorts Inc. [ERI]US72120.0014,4112.1
Integra LifeSciences Holdings Corp. [IART]US26254.5114,2552.1
Installed Building Products Inc. [IBP]US26752.9514,1632.1
Omnicell Inc. [OMCL]US32543.1014,0122.0
Bright Horizons Family Solutions Inc. [BFAM]US17177.2113,2181.9
BMC Stock Holdings Inc. [BMCH]US58421.8512,7571.9
Ryder System Inc. [R]US17471.9812,5491.8
CoStar Group Inc. [CSGP]US46263.6012,2361.8
Lions Gate Entertainment Corp. Class B [LGF/B]CA45226.2811,8711.7
Wright Medical Group NV [WMGI]NL42127.4911,5711.7
Proofpoint Inc. [PFPT]US13086.8311,2851.6
Interxion Holding NV [INXN]NL24345.7811,1111.6
DexCom Inc. [DXCM]US14973.1510,9101.6
Vail Resorts Inc. [MTN]US52202.8310,6251.6
Ciena Corp. [CIEN]US42125.0210,5401.5
Nektar Therapeutics [NKTR]US53519.5510,4531.5
Summit Materials Inc. [SUM]US35628.8710,2911.5
Madison Square Garden Co. [MSG]US52196.9010,1681.5
Klx Inc. [KLXI]US19750.009,8601.4
MGIC Investment Corp. [MTG]US87411.209,7901.4
WNS Holdings Ltd. ADR [WNS]JE28334.369,7341.4
Medicines Co. [MDCO]US25238.019,5871.4
Zendesk Inc. [ZEN]US34227.789,4951.4
Sonic Corp. [SONC]US35826.499,4901.4
Pacira Pharmaceuticals Inc. [PCRX]US19847.709,4661.4
Univar Inc. [UNVR]US32129.209,3791.4
Neurocrine Biosciences Inc. [NBIX]US20146.009,2281.3
Commvault Systems Inc. [CVLT]US16356.459,2181.3
Cavium Inc. [CAVM]US14762.139,1621.3
FCB Financial Holdings Inc. [FCB]US19147.759,1371.3
Microsemi Corp. [MSCC]US19446.809,0841.3
Bank of NT Butterfield & Son Ltd. [NTB]BM26634.109,0671.3
Prothena Corp. plc [PRTA]IE16454.128,8761.3
Electronics For Imaging Inc. [EFII]US18747.388,8421.3
Integrated Device Technology Inc. [IDTI]US33925.798,7381.3
Acceleron Pharma Inc. [XLRN]US28730.398,7271.3
Spirit Airlines Inc. [SAVE]US16851.658,6911.3
Tableau Software Inc. [DATA]US14261.278,6881.3
Rush Enterprises Inc. [RUSHA]US23337.188,6801.3
Brunswick Corp. [BC]US13862.738,6511.3
Aclaris Therapeutics Inc. [ACRS]US31327.128,4761.2
Monolithic Power Systems Inc. [MPWR]US8896.408,4371.2
Ultimate Software Group Inc. [ULTI]US39210.068,1891.2
Columbia Property Trust Inc. [CXP]US35822.388,0041.2
Cardiome Pharma Corp. [CRME]CA1,7434.527,8771.2
Acushnet Holdings Corp. [GOLF]US38419.847,6111.1
Fortinet Inc. [FTNT]US20337.447,6001.1
Wageworks Inc. [WAGE]US11267.207,5051.1
Nexstar Media Group Inc. [NXST]US12559.807,4621.1
Watsco Inc. [WSO]US48154.207,4121.1
Masimo Corp. [MASI]US7991.187,1591.0
Nice Ltd. ADR [NICE]IL9078.727,0971.0
QTS Realty Trust Inc. [QTS]US13252.336,8891.0
Pacific Premier Bancorp Inc. [PPBI]US18136.906,6761.0
Nevro Corp. [NVRO]US8674.436,4210.9
Milacron Holdings Corp. [MCRN]US35817.596,3000.9
Clovis Oncology Inc. [CLVS]US6493.636,0330.9
Hexcel Corp. [HXL]US11052.795,8300.9
Orbotech Ltd. [ORBK]IL17232.625,5980.8
BroadSoft Inc. [BSFT]US12043.055,1680.8
KapStone Paper and Packaging Corp. [KS]US24420.635,0430.7
Marketaxess Holdings Inc. [MKTX]US25201.104,9800.7
Flowserve Corp. [FLS]US10246.434,7410.7
Uniti Group Inc. [UNIT]US18725.144,7130.7
Euronet Worldwide Inc. [EEFT]US5387.374,5910.7
Matson Inc. [MATX]US14730.044,4030.6
Orbcomm Inc. [ORBC]US35711.304,0380.6
Chegg Inc. [CHGG]US28612.293,5200.5
Community Healthcare Trust Inc. [CHCT]US13725.593,5140.5
H.B. Fuller Co. [FUL]US6951.113,5110.5
Lithia Motors Inc. [LAD]US3194.232,9540.4
Tesaro Inc. [TSRO]US20139.862,8590.4
National Storage Affiliates Trust [NSA]US11523.112,6600.4
Natural Grocers By Vitamin Cottage Inc. [NGVC]US2258.271,8590.3
Total662,77596.6
Cash and Other Assets Less Liabilities3.4
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Information Technology24.124.4
Health Care23.624.3
Industrials16.917.4
Consumer Discretionary16.714.2
Financials5.86.0
Materials5.24.7
Real Estate3.83.5
Telecommunication Services0.61.0
Consumer Staples0.32.6
Energy0.01.1
Utilities0.00.7

Sector Returns (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Telecommunication Services17.126.1
Materials14.81.4
Energy7.3-21.0
Information Technology6.75.5
Financials4.8-1.2
Health Care2.59.8
Real Estate2.57.4
Consumer Discretionary1.82.2
Cash0.20.0
Industrials0.00.8
Utilities0.05.9
Consumer Staples-20.4-1.4

This information should not be considered as a recommendation to purchase or sell a particular security and the holdings, sectors or countries mentioned may change at any time and may not represent current or future investments.

The Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Frank Russell Company.