Harbor International Fund Institutional Class (HAINX)

Portfolio Characteristics (As of Quarter Ended 03/31/2016)

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings70928
Weighted Avg. Market Cap ($Mil)65,854.5552,394.80
Median Market Cap ($Mil)30,540.438,838.24
Price/Book Ratio1.961.51
Adj. Trailing P/E Ratio17.7615.36
Forecasted P/E Ratio16.9814.39
Earnings Growth Rate (%)6.776.89
Proj. Earnings Growth Rate (%)7.688.78
Return on Equity (%)14.2813.14
Turnover (unannualized % since 10/31)4-
Beta vs. MSCI EAFE (ND) Index1-

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

Top Ten Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]% of Net Assets
Las Vegas Sands Corp. [LVS]4.1
Novo Nordisk AS [NOVOB]3.7
Unibail-Rodamco SE [UL]3.0
Roche Holding AG [ROG]3.0
Wynn Resorts Ltd. [WYNN]3.0
Shire plc [SHP]2.7
Schlumberger Ltd. [SLB]2.7
Essilor International SA [EI]2.6
Diageo plc [DGE]2.5
Alibaba Group Holding Ltd. ADR [BABA]2.5
% of Total Holdings:29.8

Full Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US32,38351.681,673,5594.1
Novo Nordisk AS [NOVOB]DK27,63654.151,496,5933.7
Unibail-Rodamco SE [UL]FR4,477274.261,227,9553.0
Roche Holding AG [ROG]CH4,974245.541,221,3293.0
Wynn Resorts Ltd. [WYNN]US12,95293.431,210,1193.0
Shire plc [SHP]GB19,15757.031,092,5872.7
Schlumberger Ltd. [SLB]US14,68173.751,082,7002.7
Essilor International SA [EI]FR8,379123.221,032,4712.6
Diageo plc [DGE]GB37,57026.961,013,0492.5
Alibaba Group Holding Ltd. ADR [BABA]CN12,67579.031,001,7252.5
Novartis AG [NOVN]CH13,72072.35992,6752.5
Heineken NV [HEIA]NL10,28990.48930,8902.3
Anheuser-Busch InBev NV [ABI]BE7,360124.24914,3402.3
Nestlé SA [NESN]CH12,15474.62906,9522.2
Lloyds Banking Group plc [LLOY]GB884,8380.97861,8302.1
Rolls-Royce Holdings plc [RR.]GB87,9809.77859,8532.1
Pernod Ricard SA [RI]FR7,330111.35816,2382.0
Tokio Marine Holdings Inc. [8766]JP23,58133.79796,7462.0
UBS Group AG [UBSG]CH48,31116.09777,1401.9
Reckitt Benckiser Group plc [RB.]GB7,92196.46763,9931.9
Atlas Copco AB [ATCOA]SE30,41525.10763,3251.9
L'Oreal SA [OR]FR4,262178.89762,3441.9
Cie Generale des Etablissements Michelin [ML]FR7,433102.17759,4621.9
SAP SE [SAP]DE9,37380.47754,2531.9
Schneider Electric SE [SU]FR11,95363.02753,2831.9
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES106,3176.60702,0401.7
Allianz SE [ALV]DE4,270162.40693,5001.7
AXA SA [CS]FR29,28823.45686,7621.7
Linde AG [LIN]DE4,602145.30668,7051.7
CIE Financiere Richemont SA [CFR]CH10,08566.05666,1171.6
Japan Tobacco Inc. [2914]JP15,52441.62646,1501.6
LVMH Moet Hennessy Louis Vuitton SE [MC]FR3,722170.88636,0671.6
Standard Chartered plc [STAN]GB93,6686.76633,4801.6
Fanuc Corp. [6954]JP3,951154.87611,8551.5
Investor AB [INVE B_SEK]SE17,04935.35602,6701.5
Fresenius Se & Co. KGAA [FRE]DE8,03872.89585,8861.4
Erste Group Bank AG [EBS]AT18,41928.07516,9751.3
Dentsu Inc. [4324]JP9,87250.17495,2281.2
Swatch Group AG [UHR]CH1,399345.01482,8201.2
SMC Corp. [6273]JP2,047231.73474,3701.2
Bancolombia SA ADR [CIB]CO13,26334.18453,3221.1
LafargeHolcim Ltd. [LHN]CH9,65246.96453,2451.1
Air Liquide SA [AI]FR3,655112.19410,0911.0
Fresenius Medical Care AG & Co. KGAA [FME]DE4,18688.23369,2880.9
Daimler AG [DAI]DE4,61076.53352,8280.9
JCDecaux SA [DEC]FR7,88843.77345,2570.9
Legrand SA [LR]FR5,75155.89321,4600.8
Cementos Argos SA [CEMARGOS]CO79,3393.87307,2530.8
Freeport-McMoRan Inc. [FCX]US24,19510.34250,1740.6
Syngenta AG [SYNN]CH586414.70242,8620.6
Glencore plc [GLEN]GB100,5142.25226,0010.6
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO14,80413.30196,8660.5
Genting Bhd [GENTING]MY76,4752.51192,1340.5
Sandvik AB [SAND_SEK]SE17,75410.33183,3630.5
Liberty Global plc [LBTYK]GB4,79637.56180,1350.4
Omron Corp. [6645]JP5,24029.74155,8570.4
Liberty Global plc [LBTYA]GB3,87438.50149,1350.4
Barrick Gold Corp. [ABX]CA10,63313.58144,3910.4
Grupo Argos SA [GRUPOARG]CO17,3646.69116,0870.3
Hoya Corp. [7741]JP3,04738.01115,8300.3
Indivior plc [INDV]GB47,0822.34110,1060.3
Grupo Aval Acciones y Valores SA ADR [AVAL]CO9,6787.7374,8070.2
ASML Holding NV [ASML]NL690100.6369,4590.2
LIXIL Group Corp. [5938]JP3,17120.4064,6800.2
Hermes International SA [RMS]FR160351.6256,3610.1
AMBEV SA [ABEV3]BR9,3675.2349,0260.1
AMBEV SA ADR [ABEV]BR9,3675.1848,5190.1
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO1,38213.0618,0580.0
Genting Bhd [GENTING-WA]MY30,6340.5717,5100.0
MGM China Holdings Ltd. [2282]KY11,3051.5317,2560.0
Total39,259,39797.3
Cash and Other Assets Less Liabilities2.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Financials20.423.8
Consumer Discretionary17.913.2
Health Care17.311.5
Consumer Staples16.912.7
Industrials10.013.3
Materials7.06.7
Information Technology4.95.2
Energy2.74.7
Telecommunication Services0.05.1
Utilities0.03.9

Sector Returns (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Materials13.72.6
Consumer Discretionary10.7-4.3
Energy6.55.1
Consumer Staples2.93.3
Industrials2.61.8
Telecommunication Services0.00.3
Utilities0.00.3
Cash-0.50.0
Information Technology-1.8-4.1
Financials-6.5-9.5
Health Care-7.0-6.1

Country Allocation (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France19.310.0
United Kingdom14.619.6
Switzerland14.29.1
United States10.40.0
Germany8.59.2
Japan8.322.5
Sweden3.82.9
Denmark3.72.0
Colombia2.90.0
China2.50.0
Other11.824.7

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 MSCI EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.