Harbor International Fund Institutional Class (HAINX)

Portfolio Characteristics (As of Quarter Ended 06/30/2015)

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings75911
Weighted Avg. Market Cap ($Mil)69,818.3260,135.08
Median Market Cap ($Mil)32,721.529,093.92
Price/Book Ratio1.951.63
Adj. Trailing P/E Ratio17.3716.99
Forecasted P/E Ratio15.8815.09
Earnings Growth Rate (%)14.0711.29
Proj. Earnings Growth Rate (%)11.3410.01
Return on Equity (%)11.6610.66
Turnover (unannualized % since 10/31)16-
Beta vs. MSCI EAFE (ND) Index0.97-

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

Top Ten Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]% of Net Assets
Novo Nordisk AS [NOVOB]3.2
Fanuc Corp. [6954]2.7
Novartis AG [NOVN]2.7
Roche Holding AG [ROG]2.7
Lloyds Banking Group plc [LLOY]2.5
Banco Bilbao Vizcaya Argentaria SA [BBVA]2.4
Schneider Electric SE [SU]2.3
Diageo plc [DGE]2.3
Rolls-Royce Holdings plc [RR.]2.3
UBS Group AG [UBSG]2.2
% of Total Holdings:25.3

Full Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Novo Nordisk AS [NOVOB]DK28,58954.871,568,8263.2
Fanuc Corp. [6954]JP6,532204.621,336,6102.7
Novartis AG [NOVN]CH13,51898.361,329,6052.7
Roche Holding AG [ROG]CH4,663280.391,307,4312.7
Lloyds Banking Group plc [LLOY]GB914,0381.341,226,8192.5
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES120,8549.851,190,8892.4
Schneider Electric SE [SU]FR16,46169.241,139,7132.3
Diageo plc [DGE]GB38,46628.961,113,9532.3
Rolls-Royce Holdings plc [RR.]GB80,83713.661,104,1742.3
UBS Group AG [UBSG]CH50,40421.221,069,3902.2
Unibail-Rodamco SE [UL]FR4,136254.001,050,5392.2
Essilor International SA [EI]FR8,742119.801,047,3282.1
Syngenta AG [SYNN]CH2,531408.021,032,7642.1
Anheuser-Busch InBev NV [ABI]BE8,311120.341,000,0962.0
Allianz SE [ALV]DE6,365155.95992,6732.0
SAP SE [SAP]DE13,69670.08959,7502.0
Las Vegas Sands Corp. [LVS]US18,06652.57949,7181.9
Nestlé SA [NESN]CH12,68172.15914,9071.9
Linde AG [LIN]DE4,802189.51909,9701.9
Atlas Copco AB [ATCOA]SE31,73227.98887,8021.8
Pernod Ricard SA [RI]FR7,648115.60884,0891.8
Tokio Marine Holdings Inc. [8766]JP20,60341.59856,8721.8
CIE Financiere Richemont SA [CFR]CH10,52281.28855,1841.8
Alibaba Group Holding Ltd. ADR [BABA]CN10,33282.27849,9961.7
AXA SA [CS]FR33,16825.35840,8731.7
Heineken NV [HEIA]NL10,73476.03816,0941.7
Cie Generale des Etablissements Michelin [ML]FR7,755105.22816,0481.7
Volkswagen AG [VOW3]DE3,485232.08808,8051.7
L'Oreal SA [OR]FR4,446178.92795,5131.6
Standard Chartered plc [STAN]GB49,56616.01793,7631.6
SMC Corp. [6273]JP2,633300.92792,2301.6
Shire plc [SHP]GB9,76280.35784,3891.6
Holcim Ltd. [HOLN]CH10,31173.79760,7941.6
Japan Tobacco Inc. [2914]JP21,22235.55754,4161.5
Investor AB [INVE B_SEK]SE19,27437.29718,6571.5
LVMH Moet Hennessy Louis Vuitton SE [MC]FR3,884175.81682,7751.4
Reckitt Benckiser Group plc [RB.]GB7,67286.23661,6281.4
Schlumberger Ltd. [SLB]US7,45286.19642,2791.3
Volvo AB [VOLV B_SEK]SE49,96212.42620,4021.3
ABB Ltd. [ABBN]CH28,60920.96599,6041.2
Dentsu Inc. [4324]JP11,18651.73578,6651.2
Swatch Group AG [UHR]CH1,460389.68568,9491.2
Banco Santander SA [SAN]ES79,4577.03558,9041.1
Erste Group Bank AG [EBS]AT19,21728.49547,5191.1
Fresenius Se & Co. KGAA [FRE]DE8,38664.21538,4201.1
Legrand SA [LR]FR9,16456.28515,7861.1
Bancolombia SA ADR [CIB]CO11,84243.00509,2191.0
Air Liquide SA [AI]FR3,814126.89483,9101.0
Freeport-McMoRan Inc. [FCX]US25,24318.62470,0181.0
Compagnie de Saint-Gobain [SGO]FR10,30145.14465,0061.0
Daimler AG [DAI]DE5,09991.10464,5311.0
Glencore plc [GLEN]GB104,8674.01420,5370.9
Sandvik AB [SAND_SEK]SE37,04911.06409,5840.8
Komatsu Ltd. [6301]JP18,82820.06377,7420.8
Wynn Resorts Ltd. [WYNN]US3,68898.67363,8660.7
Fresenius Medical Care AG & Co. KGAA [FME]DE4,36782.79361,5270.7
JCDecaux SA [DEC]FR8,44641.82353,2090.7
Banco Bradesco SA [BBDC4]BR29,8559.17273,6680.6
Itau Unibanco Holding SA ADR [ITUB]BR24,79610.95271,5140.6
Omron Corp. [6645]JP5,46743.44237,4770.5
Indivior plc [INDV]GB48,6513.53171,9260.4
Genting Bhd [GENTING]MY79,7872.14170,4040.3
Barrick Gold Corp. [ABX]CA11,09310.66118,2530.2
LIXIL Group Corp. [5938]JP5,45419.84108,1860.2
United Overseas Bank Ltd. [U11]SG4,87517.1183,4030.2
Grupo Aval Acciones y Valores SA ADR [AVAL]CO7,4479.7972,9040.1
Hermes International SA [RMS]FR161373.3859,9600.1
Mitsubishi Estate Co. Ltd. [8802]JP89121.5419,1900.0
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO1,32214.2118,7910.0
Rolls-Royce Holdings plcGB11,398,0400.0017,9090.0
Grupo Argos SA [GRUPOARG]CO2,6646.5317,3860.0
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO1,18613.9716,5660.0
Cementos Argos SA [CEMARGOS]CO4,5273.5516,0750.0
Genting Bhd [GENTING-WA]MY30,6340.288,6060.0
Lonmin plc [LMI]GB1,1321.761,9920.0
Total47,138,97096.3
Cash and Other Assets Less Liabilities3.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Financials22.726.2
Industrials17.112.6
Health Care14.611.2
Consumer Staples14.210.9
Consumer Discretionary13.713.2
Materials8.77.4
Information Technology4.24.7
Energy1.35.2
Utilities0.03.6
Telecommunication Services0.04.9

Sector Returns (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Energy36.62.4
Financials3.11.9
Materials3.0-0.7
Health Care2.5-1.5
Consumer Staples1.50.5
Cash1.10.0
Telecommunication Services0.05.0
Utilities0.02.0
Consumer Discretionary-0.70.3
Information Technology-2.1-0.7
Industrials-2.50.5

Country Allocation (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France18.79.2
Switzerland17.39.2
United Kingdom12.920.8
Japan10.422.9
Germany10.38.9
Sweden5.42.9
United States5.00.2
Spain3.63.5
Denmark3.21.7
Belgium2.01.3
Other11.219.4

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 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.