Harbor Capital Appreciation Fund Institutional Class (HACAX)

Portfolio Characteristics (As of Quarter Ended 09/30/2016)

 Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings60599
Weighted Avg. Market Cap ($Mil)171,128.30151,733.89
Median Market Cap ($Mil)48,982.489,113.42
Price/Book Ratio7.786.23
Adj. Trailing P/E Ratio29.6722.58
Forecasted P/E Ratio25.0619.33
Earnings Growth Rate (%)12.8812.21
Proj. Earnings Growth Rate (%)20.8213.79
Return on Equity (%)14.3619.02
Turnover (unannualized % since 10/31)31-
Beta vs. Russell 1000® Growth Index1.12-
Beta vs. Russell 3000® Index1.12-

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

Top Ten Holdings (As of Quarter Ended 09/30/2016)

Company Name [Ticker]% of Net Assets
Amazon.com Inc. [AMZN]6.7
Facebook Inc. [FB]4.5
Apple Inc. [AAPL]3.7
VISA Inc. [V]3.7
Alibaba Group Holding Ltd. ADR [BABA]3.6
Tencent Holdings Ltd. [700]3.3
Microsoft Corp. [MSFT]3.0
MasterCard Inc. [MA]2.6
Alphabet Inc. Class C [GOOG]2.6
Alphabet Inc. Class A [GOOGL]2.6
% of Total Holdings:36.3

Full Holdings (As of Quarter Ended 09/30/2016)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Amazon.com Inc. [AMZN]US2,027837.311,697,5086.7
Facebook Inc. [FB]US8,998128.271,154,2134.5
Apple Inc. [AAPL]US8,353113.05944,2903.7
VISA Inc. [V]US11,38982.70941,8983.7
Alibaba Group Holding Ltd. ADR [BABA]CN8,530105.79902,4083.6
Tencent Holdings Ltd. [700]CN29,89527.80831,1363.3
Microsoft Corp. [MSFT]US13,37857.60770,5953.0
MasterCard Inc. [MA]US6,510101.77662,4832.6
Alphabet Inc. Class C [GOOG]US846777.29657,6842.6
Alphabet Inc. Class A [GOOGL]US816804.06656,3982.6
Industria de Diseno Textil SA [ITX]ES17,55237.08650,8082.6
Celgene Corp. [CELG]US5,964104.53623,4692.5
Adobe Systems Inc. [ADBE]US5,714108.54620,1462.4
Salesforce.com Inc. [CRM]US7,96971.33568,4542.2
Allergan plc [AGN]US2,448230.31563,7282.2
Shire plc ADR [SHPG]US2,669193.86517,4302.0
Nike Inc. [NKE]US8,92152.65469,6821.9
Qualcomm Inc. [QCOM]US6,85568.50469,5701.9
O'reilly Automotive Inc. [ORLY]US1,664280.11466,0081.8
Adidas AG [ADS]DE2,558173.92444,9031.8
Priceline Group Inc. [PCLN]US2961471.49435,3421.7
Marriott International Inc. [MAR]US6,35267.33427,6801.7
Starbucks Corp. [SBUX]US7,44154.14402,8541.6
NVIDIA Corp. [NVDA]US5,83368.52399,7071.6
NetFlix Inc. [NFLX]US4,00898.55394,9551.6
Boeing Co. [BA]US2,953131.74389,0061.5
Concho Resources Inc. [CXO]US2,674137.35367,2481.4
FleetCor Technologies Inc. [FLT]US2,096173.73364,1161.4
NXP Semiconductors NV [NXPI]NL3,511102.01358,2021.4
Costco Wholesale Corp. [COST]US2,286152.51348,7091.4
Regeneron Pharmaceuticals Inc. [REGN]US865402.02347,7711.4
Bristol-Myers Squibb Co. [BMY]US6,37353.92343,6561.4
American Tower Corp. [AMT]US3,027113.33343,0671.4
Monster Beverage Corp. [MNST]US2,275146.81333,9661.3
Alexion Pharmaceuticals Inc. [ALXN]US2,582122.54316,3441.2
Workday Inc. [WDAY]US3,44591.69315,9071.2
Red Hat Inc. [RHT]US3,84080.83310,3541.2
Home Depot Inc. [HD]US2,387128.68307,1071.2
TJX Companies Inc. [TJX]US4,00774.78299,6131.2
S&P Global Inc. [SPGI]US2,312126.56292,6231.2
Palo Alto Networks Inc. [PANW]US1,823159.33290,4591.1
Biogen Inc. [BIIB]US892313.03279,1151.1
Time Warner Inc. [TWX]US3,27379.61260,5381.0
Splunk Inc. [SPLK]US4,30258.68252,4191.0
Illumina Inc. [ILMN]US1,377181.66250,2141.0
Goldman Sachs Group Inc. [GS]US1,524161.27245,7501.0
Halliburton Co. [HAL]US5,45444.88244,7631.0
McDonald's Corp. [MCD]US1,987115.36229,2680.9
Tesla Motors Inc. [TSLA]US1,067204.03217,7380.9
Constellation Brands Inc. [STZ]US1,180166.49196,4200.8
BioMarin Pharmaceutical Inc. [BMRN]US1,86692.52172,6210.7
Vertex Pharmaceuticals Inc. [VRTX]US1,90587.21166,1460.7
Lululemon Athletica Inc. [LULU]CA2,62060.98159,7660.6
Albemarle Corp. [ALB]US1,54585.49132,0630.5
Walt Disney Co. [DIS]US1,37992.86128,0830.5
FedEx Corp. [FDX]US720174.68125,7300.5
ULTA Salon Cosmetics & Fragrance Inc. [ULTA]US511237.98121,5240.5
Novo Nordisk AS ADR [NVO]DK2,69441.59112,0620.4
Expedia Inc. [EXPE]US455116.7253,1490.2
Atlassian Corp. plc [TEAM]AU37929.9711,3480.0
Total25,360,214100.0
Cash and Other Assets Less Liabilities0.0
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2016)

As of Quarter Ended 09/30/2016
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology45.231.5
Consumer Discretionary28.220.6
Health Care14.516.7
Consumer Staples3.59.6
Energy2.40.6
Financials2.12.7
Industrials2.010.4
Real Estate1.42.8
Materials0.53.6
Telecommunication Services0.01.2
Utilities0.00.1

Sector Returns (As of Quarter Ended 09/30/2016)

As of Quarter Ended 09/30/2016
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology16.212.4
Financials14.18.5
Materials8.23.6
Energy7.812.0
Consumer Discretionary5.62.8
Industrials0.82.9
Real Estate0.2-4.8
Cash0.20.0
Health Care0.22.0
Telecommunication Services0.0-4.1
Utilities0.0-1.8
Consumer Staples-7.5-4.9

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 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Russell Investments.

The S&P 500 Index is an unmanaged index generally representative of the U.S. stock market. This unmanaged index does not reflect fees and expenses and is not available for direct investment.