Harbor Small Cap Growth Fund Institutional Class (HASGX)

Portfolio Characteristics (As of Quarter Ended 06/30/2016)

 Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings731,177
Weighted Avg. Market Cap ($Mil)2,930.961,814.68
Median Market Cap ($Mil)2,413.77789.33
Price/Book Ratio3.273.56
Adj. Trailing P/E Ratio37.2643.12
Forecasted P/E Ratio18.0918.39
Earnings Growth Rate (%)18.9512.74
Proj. Earnings Growth Rate (%)15.9316.54
Return on Equity (%)17.4918.19
Turnover (unannualized % since 10/31)61-
Beta vs. Russell 2000® Growth Index0.94-
Beta vs. Russell 3000® Index1.20-

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

Top Ten Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]% of Net Assets
CoStar Group Inc. [CSGP]2.6
Masimo Corp. [MASI]2.6
Ultimate Software Group Inc. [ULTI]2.4
Integra LifeSciences Holdings Corp. [IART]2.4
Bright Horizons Family Solutions Inc. [BFAM]2.4
Chemtura Corp. [CHMT]2.3
Icon plc [ICLR]2.3
Installed Building Products Inc. [IBP]2.3
Electronics For Imaging Inc. [EFII]2.2
Watsco Inc. [WSO]2.2
% of Total Holdings:23.7

Full Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
CoStar Group Inc. [CSGP]US22160N10972218.6615,8042.6
Masimo Corp. [MASI]US57479510029752.5215,6162.6
Ultimate Software Group Inc. [ULTI]US90385D10770210.2914,6172.4
Integra LifeSciences Holdings Corp. [IART]US45798520818379.7814,5852.4
Bright Horizons Family Solutions Inc. [BFAM]US10919410021766.3114,3792.4
Chemtura Corp. [CHMT]US16389320953126.3814,0002.3
Icon plc [ICLR]IEG4705A10019770.0113,7832.3
Installed Building Products Inc. [IBP]US45780R10137836.2913,7162.3
Electronics For Imaging Inc. [EFII]US28608210231443.0413,5042.2
Watsco Inc. [WSO]US94262220093140.6913,1062.2
John Bean Technologies Corp. [JBT]US47783910421261.2212,9772.2
Vail Resorts Inc. [MTN]US91879Q10989138.2312,3332.0
Berry Plastics Group Inc. [BERY]US08579W10328338.8511,0011.8
Monolithic Power Systems Inc. [MPWR]US60983910515368.3210,4211.7
Microsemi Corp. [MSCC]US59513710031832.6810,4031.7
Madison Square Garden Co. [MSG]US55825T10359172.5110,1591.7
PolyOne Corp. [POL]US73179P10628535.2410,0441.7
East West Bancorp Inc. [EWBC]US27579R10429234.189,9901.7
Nexstar Broadcasting Group Inc. [NXST]US65336K10320747.589,8411.6
BroadSoft Inc. [BSFT]US11133B40923941.039,8161.6
Zendesk Inc. [ZEN]US98936J10136426.389,6001.6
Huron Consulting Group Inc. [HURN]US44746210215860.429,5581.6
Neurocrine Biosciences Inc. [NBIX]US64125C10920545.459,3351.5
Rush Enterprises Inc. [RUSHA]US78184620942821.559,2321.5
Dave & Buster's Entertainment Inc. [PLAY]US23833710919446.799,0791.5
Spirit Airlines Inc. [SAVE]US84857710219944.878,9341.5
TeamHealth Holdings Inc. [TMH]US87817A10721640.678,8001.5
Ariad Pharmaceuticals Inc. [ARIA]US04033A1001,1827.398,7341.4
Fortinet Inc. [FTNT]US34959E10927431.598,6531.4
Alkermes plc [ALKS]IEG0176710519743.228,5321.4
Starz [STRZA]US85571Q10228429.928,4921.4
Hexcel Corp. [HXL]US42829110820241.648,4321.4
Wright Medical Group NV [WMGI]NLN9661711848117.378,3541.4
QLIK Technologies Inc. [QLIK]US74733T10527829.588,2311.4
Mueller Water Products Inc. [MWA]US62475810871611.428,1721.4
STERIS Corp. [STE]GBG8472010411868.758,0891.3
ARRIS International plc [ARRS]USG0551A10338120.967,9821.3
Texas Roadhouse Inc. [TXRH]US88268110917445.607,9461.3
Ryder System Inc. [R]US78354910812561.147,6581.3
Kirby Corp. [KEX]US49726610611762.397,3031.2
Commvault Systems Inc. [CVLT]US20416610216443.197,0981.2
Pacira Pharmaceuticals Inc. [PCRX]US69512710020633.736,9521.2
Four Corners Property Trust Inc. [FCPT]US35086T10932520.596,6821.1
Heico Corp. [HEI/A]US42280620812453.656,6301.1
Cardiome Pharma Corp. [CRME]CA14159U3011,2835.136,5821.1
Navigator Holdings Ltd. [NVGS]GBY6213210856811.506,5331.1
Cullen/Frost Bankers Inc. [CFR]US22989910910263.736,5061.1
Ceb Inc. [CEB]US12513410610461.686,4311.1
Matson Inc. [MATX]US57686G10519732.296,3511.1
BGC Partners Inc. [BGCP]US05541T1017238.716,2961.0
Merrimack Pharmaceuticals Inc. [MACK]US5903281001,1535.396,2171.0
Interxion Holding NV [INXN]NLN4727910916836.886,2081.0
Proofpoint Inc. [PFPT]US7434241039763.096,1361.0
Acceleron Pharma Inc. [XLRN]US00434H10817833.986,0601.0
Essent Group Ltd. [ESNT]BMG3198U10227721.816,0331.0
Orbotech Ltd. [ORBK]ILM7525310023425.555,9751.0
American Woodmark Corp. [AMWD]US0305061099066.385,9431.0
Brunswick Corp. [BC]US11704310913045.325,8951.0
Acorda Therapeutics Inc. [ACOR]US00484M10622725.515,7921.0
Marketaxess Holdings Inc. [MKTX]US57060D10839145.405,7371.0
Bruker Corp. [BRKR]US11679410821322.744,8520.8
Chuy's Holdings Inc. [CHUY]US17160410113134.614,5500.8
Community Healthcare Trust Inc. [CHCT]US20369C10616621.143,5100.6
Rapid7 Inc. [RPD]US75342210427312.583,4370.6
Nektar Therapeutics [NKTR]US64026810824114.233,4310.6
Siteone Landscape Supply Inc. [SITE]US82982L1039733.993,2900.5
Marten Transport Ltd. [MRTN]US57307510816219.803,2110.5
National Health Investors Inc. [NHI]US63633D1044175.093,0480.5
Omnicell Inc. [OMCL]US68213N1098734.232,9750.5
Prothena Corp. plc [PRTA]IEG728001086934.962,4220.4
ADTRAN Inc. [ADTN]US00738A10611018.652,0460.3
Tandem Diabetes Care Inc. [TNDM]US8753721042467.541,8580.3
Cirrus Logic Inc. [CRUS]US1727551003538.791,3630.2
Total587,26197.4
Cash and Other Assets Less Liabilities2.6
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Health Care23.722.4
Information Technology23.424.3
Industrials19.415.5
Consumer Discretionary16.016.4
Financials7.910.5
Materials5.84.6
Energy1.11.0
Telecommunication Services0.01.1
Utilities0.00.9
Consumer Staples0.03.3

Sector Returns (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Financials8.41.5
Consumer Discretionary7.7-1.3
Materials6.07.2
Information Technology4.43.8
Industrials1.52.2
Health Care0.65.1
Cash0.10.0
Consumer Staples0.09.0
Telecommunication Services0.011.5
Utilities0.011.9
Energy-28.79.6

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 Russell Investments.