Harbor High-Yield Bond Fund Institutional Class (HYFAX)

Portfolio Characteristics (As of Quarter-Ended 12/31/2011)

 Harbor High-Yield Bond FundBofA Merrill Lynch US High Yield Index
Number of Bonds397-
Average Market Coupon (%)7.758.23
Yield to Maturity (%)7.318.54
Weighted Avg. Maturity (yrs)6.526.81
Duration to Worst (yrs)3.484.05
Turnover (unannualized % since 10/31)3-

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

Top Ten Holdings (As of Quarter-Ended 12/31/2011)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
EH Holding Corporation06/15/20217.616,9060.9
CDW LLC04/01/20198.514,9340.8
Cequel Communications Holdings I LLC11/15/20178.613,9360.8
DISH DBS Corp.06/01/20216.813,4230.8
Windstream Corporation10/15/20207.813,1920.7
MGM Mirage02/21/20147.012,7740.7
ARAMARK Corporation02/01/20158.512,3090.7
NRG Energy Inc.09/01/20208.211,8680.7
ServiceMaster Company07/15/201510.811,2110.6
SESI LLC12/15/20217.110,9990.6
% of Total Holdings:131,5527.3

Full Holdings (As of Quarter-Ended 12/31/2011)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
EH Holding Corporation06/15/20217.616,9060.9
CDW LLC04/01/20198.514,9340.8
Cequel Communications Holdings I LLC11/15/20178.613,9360.8
DISH DBS Corp.06/01/20216.813,4230.8
Windstream Corporation10/15/20207.813,1920.7
MGM Mirage02/21/20147.012,7740.7
ARAMARK Corporation02/01/20158.512,3090.7
NRG Energy Inc.09/01/20208.211,8680.7
ServiceMaster Company07/15/201510.811,2110.6
SESI LLC12/15/20217.110,9990.6
Endo Pharmaceuticals Holdings Inc.01/15/20227.210,6880.6
Regency Energy Partners LP12/01/20186.910,6750.6
SunGard Data Systems Inc.08/15/201510.210,6440.6
CCO Holdings LLC10/30/20177.210,5880.6
Gray Television Inc.06/29/201510.510,4500.6
Ford Motor Credit Co. LLC08/02/20215.910,4410.6
Ford Motor Credit Co. LLC05/15/20185.010,0510.6
CommScope Inc.01/15/20198.210,0500.6
CIT Group Inc.05/02/20167.010,0130.6
Boyd Gaming Corporation12/01/20189.19,8370.6
Calpine Corporation02/15/20217.59,8360.6
Valeant Pharmaceuticals International10/01/20176.89,7870.5
Biomet Inc.10/15/201711.69,6470.5
MultiPlan Inc.09/01/20189.99,4050.5
Windstream Corporation11/01/20177.99,0260.5
Hanesbrands Inc.12/15/20206.48,9250.5
PolyOne Corporation09/15/20207.48,9010.5
Calpine Corporation07/31/20207.98,8220.5
Biomet Inc.10/15/201710.08,7890.5
Advanced Micro Devices Inc.05/01/20156.08,5900.5
Pinnacle Foods Finance LLC04/01/20159.28,5560.5
Sirius XM Radio Inc.04/01/20158.88,5250.5
Reynolds Group Issuer Inc.10/15/20168.88,4600.5
Ardagh Packaging Finance plc10/15/20209.18,4580.5
XM Satellite Radio Inc.11/01/20187.68,4400.5
Penske Automotive Group Inc.12/15/20167.88,3950.5
Nextel Communications Inc.10/31/20136.98,3750.5
Michaels Stores Inc.11/01/201611.48,0930.5
Mylan Inc.11/15/20186.08,0120.4
Interactive Data Corp.08/01/201810.27,9750.4
Warner Chilcott Corporation09/15/20187.87,9530.4
Alpha Natural Resources Inc.06/01/20216.27,9460.4
Level 3 Escrow Inc.07/01/20198.17,9000.4
Sanmina-SCI Corporation03/01/20168.17,8850.4
Mirant Americas Generation LLC10/01/20218.57,8520.4
AMGH Merger Sub Inc.11/01/20189.27,7630.4
Intelsat Luxembourg SA02/04/201711.27,7600.4
Del Monte Corporation02/15/20197.67,7200.4
Tomkins LLC10/01/20189.07,6680.4
Plains Exploration & Production Company02/01/20226.87,6310.4
Scientific Games Corporation09/15/20188.17,6220.4
Lucent Technologies Capital Trust I0.07,6140.4
Advanced Micro Devices Inc.08/01/20207.87,4860.4
HCA Inc.01/15/20156.47,4730.4
Lamar Media Corporation04/15/20187.97,4550.4
Leap Wireless International Inc.07/15/20144.57,4380.4
Nextel Communications Inc.08/01/20157.47,3600.4
WebMD Health Corp.03/31/20162.27,2860.4
Mediacom Capital Corp.08/15/20199.17,2510.4
Ameristar Casinos Inc.04/15/20217.57,2450.4
Quebecor Media Inc.03/15/20167.87,2280.4
Pinnacle Foods Finance LLC09/01/20178.27,2110.4
Exco Resources Inc.09/15/20187.57,1010.4
Cincinnati Bell Inc.03/15/20188.87,0030.4
Goodyear Tire & Rubber Company08/15/20208.86,9990.4
West Corporation01/15/20197.96,9830.4
Hornbeck Offshore Services Inc.09/01/20178.06,9780.4
MultiPlan Inc.08/26/20174.86,8970.4
FTI Consulting Inc.10/01/20206.86,8480.4
Neiman Marcus Group Inc.10/15/201510.46,8410.4
Isle of Capri Casinos Inc.03/01/20147.06,6740.4
SUPERVALU Inc.11/15/20147.56,6460.4
Intelsat Jackson Holdings SA10/15/20207.26,6390.4
Tenet Healthcare Corporation11/01/20186.26,6300.4
Chaparral Energy Inc.09/01/20218.26,6140.4
CSC Holdings LLC11/15/20216.86,6090.4
Hertz Corporation10/15/20187.56,5630.4
ACCO Brands Corporation08/15/20157.66,5600.4
Huntington Ingalls Industries Inc.03/15/20217.16,5210.4
Pinnacle Entertainment Inc.05/15/20208.86,5010.4
Eagle Rock Energy Partners LP06/01/20198.46,4320.4
Oil States International Inc.06/01/20196.56,4220.4
Tenet Healthcare Corporation08/01/20208.06,3900.4
Cumulus Media Inc.05/01/20197.86,2480.4
Delphi Corporation05/15/20216.16,2100.3
Ford Motor Credit Co. LLC01/15/20208.16,1990.3
Arch Coal Inc.06/15/20217.26,1950.3
Frontier Communications Corporation04/15/20178.26,1650.3
inVentiv Health Inc.08/04/20166.56,1310.3
Felcor Lodging LP06/01/20196.86,1280.3
Michaels Stores Inc.11/01/20187.86,0390.3
AMC Networks Inc.07/15/20217.86,0360.3
ARAMARK Holdings Corp.05/01/20168.66,0030.3
Crown Castle International Corp.11/01/20197.15,9950.3
Basic Energy Services Inc.02/15/20197.85,9230.3
Chesapeake Energy Corp.05/15/20372.55,9150.3
Avis Budget Car Rental LLC01/15/20198.25,8850.3
United Rentals North America Inc.09/15/20208.45,8800.3
Tenneco Inc.12/15/20206.95,8760.3
Complete Production Services Inc.12/15/20168.05,7480.3
Exterran Holdings Inc.12/01/20187.25,7300.3
Crown Castle International Corp.01/15/20159.05,4440.3
Yankee Acquisition Corp.02/15/20158.55,4300.3
Avaya Inc.11/01/20159.85,4300.3
Esterline Technologies Corporation08/01/20207.05,3000.3
PAETEC Holding Corp.07/15/20159.55,2630.3
Universal Hospital Services Inc.06/01/20158.55,2270.3
Vanguard Health Holding Co. II LLC02/01/20188.05,2120.3
NBTY Inc.10/01/20189.05,1940.3
UPCB Finance V Ltd.11/15/20217.25,1690.3
MarkWest Energy Finance Corp.06/15/20226.25,1450.3
Jostens12/22/20165.85,1050.3
Inergy Finance Corp.10/01/20187.05,1000.3
Ally Financial Inc.08/28/20126.95,0750.3
Owens-Brockway Glass Container Inc.06/01/20153.05,0490.3
Alere Inc.02/01/20167.95,0380.3
BJ's Wholesale Club Inc.09/28/20187.05,0220.3
CIT Group Inc.04/01/20145.25,0060.3
Consol Energy Inc.04/01/20208.24,9950.3
Allbritton Communications Company05/15/20188.04,9880.3
Inmarsat Finance plc12/01/20177.44,9880.3
Compagnie Générale de Géophysique-Veritas06/01/20216.54,9730.3
Gannett Co. Inc.09/01/20187.14,9500.3
Central Garden Co.03/01/20188.24,9250.3
GCI Inc06/01/20216.84,9000.3
Helix Energy Solutions Group Inc.12/15/20253.24,8860.3
Toys R Us Inc.09/01/20166.04,8830.3
Nuveen Investments Inc.05/13/20176.04,8580.3
Jarden Corporation01/15/20207.54,8150.3
Graham Packaging Co. LP10/15/20149.94,8100.3
Viasat Inc.09/15/20168.94,7900.3
Iconix Brand Group Inc.06/01/20162.54,7560.3
Avaya Inc.10/24/20175.04,7260.3
Sanmina-SCI Corporation05/15/20197.04,7040.3
MGM Mirage02/21/20147.04,6680.3
Lear Corporation03/15/20208.14,6410.3
Pinnacle Entertainment Inc.08/01/20178.64,6220.3
ServiceMaster Company07/24/20142.94,5700.3
Regency Energy Partners LP07/15/20216.54,5460.3
Denbury Resources Inc.08/15/20216.44,5150.3
Arvinmeritor Inc.09/15/20158.14,5000.3
Omega Healthcare Investors Inc.10/15/20226.84,4950.3
Sensata Technologies BV05/15/20196.54,4660.3
FMG Resources August 2006 Pty Ltd.11/01/20157.04,4660.3
Plains Exploration & Production Company04/01/20207.64,4590.3
Ferro Corporation08/15/20187.94,4440.2
Advanced Micro Devices Inc.12/15/20178.14,4310.2
Hercules Offshore Inc.07/11/20137.54,3990.2
Nielsen Finance LLC10/15/20187.84,3940.2
Cablevision Systems Corporation04/15/20208.04,3640.2
SunGard Data Systems Inc.11/15/20187.44,3210.2
Affinion Group Inc.10/09/20165.04,3150.2
Lamar Media Corporation08/15/20156.64,3050.2
US FoodService03/31/20175.84,3030.2
Frac Tech International LLC05/06/20166.24,2670.2
CCO Holdings LLC06/01/20207.44,2400.2
Syniverse Holdings Inc.01/15/20199.14,2400.2
Spirit Aerosystems Inc.12/15/20206.84,2000.2
Tops Markets LLC10/15/201510.14,2000.2
PAETEC Holding Corp.06/30/20178.94,1770.2
LifePoint Hospitals Inc.10/01/20206.64,1650.2
Constellation Brands Inc.05/15/20177.24,1440.2
RRI Energy Inc.06/15/20177.94,1230.2
Precision Drilling Corporation11/15/20206.64,1100.2
MarkWest Energy Finance Corp.11/01/20206.84,1050.2
Chesapeake Oilfield Finance Inc.11/15/20196.64,0760.2
Toys R US - Delaware Inc.09/01/20167.44,0300.2
Qwest Communications International Inc.02/15/20147.54,0250.2
Emergency Medical Services Corporation05/25/20185.23,9730.2
Stater Brothers Holdings04/15/20157.83,9700.2
Cumulus Media Inc.09/16/20185.83,9310.2
Consol Energy Inc.04/01/20178.03,8500.2
Ferrellgas LP/Ferrellgas Finance Corp.05/01/20216.53,8500.2
Frac Tech Finance Inc.11/15/20187.63,8420.2
Affinion Group Inc.10/15/201511.53,8170.2
TreeHouse Foods Inc.03/01/20187.83,7980.2
HCA Inc.02/15/20227.53,7930.2
Bill Barrett Corporation10/01/20197.63,7800.2
Gannett Co. Inc.09/01/20156.43,7740.2
Cascades Inc.12/15/20177.83,7310.2
Sealy Mattress Co.06/15/20148.23,7310.2
RR Donnelley & Sons Company04/01/20145.03,7090.2
Equinix Inc.07/15/20217.03,7010.2
General Cable Corporation11/15/20130.93,7000.2
Oasis Petroleum Inc.02/01/20197.23,6920.2
LIN Television Corporation05/15/20136.53,6410.2
United Rentals North America Inc.12/15/20199.23,6310.2
JMC Steel Group03/15/20188.23,6260.2
Sally Holdings LLC11/15/20196.93,6230.2
Dana Holding Corp.02/15/20216.83,6050.2
Frontier Communications Corporation04/15/20208.53,6010.2
Host Hotels & Resorts LP10/01/20216.03,5960.2
NRG Energy Inc.05/15/20217.93,5770.2
Spectrum Brands Holdings Inc.06/15/20189.53,5710.2
RRI Energy Inc.06/15/20147.63,5680.2
RSC Equipment Rental Inc.12/01/20149.53,5600.2
Qwest Capital Funding Inc.11/15/20186.53,5510.2
Avis Budget Car Rental LLC05/15/20167.83,5440.2
Dish DBS Corp.02/01/20167.13,5180.2
Denbury Resources Inc.02/15/20208.23,4660.2
Sequa Corporation12/03/20143.73,4210.2
Hanesbrands Inc.12/15/20168.03,3870.2
Virgin Media Finance plc08/15/20169.53,3830.2
Reynolds Group Issuer Inc.05/15/20189.23,3690.2
Valassis Communications Inc.02/01/20216.63,3660.2
Terex Corporation11/15/20178.03,3490.2
Sealed Air Corporation09/15/20218.43,3300.2
CCO Holdings LLC04/30/20187.93,3210.2
Bill Barrett Corporation07/15/20169.93,3150.2
Nexstar Broadcasting Inc.04/15/20178.93,2960.2
Easton-Bell Sports Inc.12/01/20169.83,2850.2
TW Telecom Holdings Inc.03/01/20188.03,2640.2
Inergy Finance Corp.08/01/20216.93,2560.2
Clear Channel Worldwide Holdings Inc.12/15/20179.23,2550.2
Mediacom Broadband LLC10/15/20158.53,2450.2
Sequa Corporation12/03/20146.23,2360.2
Windstream Corporation09/01/20188.13,2290.2
Dish DBS Corp.10/01/20146.63,2180.2
Patriot Coal Corporation05/31/20133.23,2110.2
Graphic Package International Inc.10/01/20187.93,2100.2
Allison Transmission Inc.11/01/201511.03,1800.2
Belo Corp.11/15/20168.03,1610.2
Nuveen Investments Inc.11/15/201510.53,1420.2
Linn Energy LLC02/01/20217.83,1350.2
Equinix Inc.03/01/20188.13,1210.2
Reynolds Group Issuer Inc.02/15/20218.23,1150.2
Susser Holdings LLC05/15/20168.53,0890.2
DaVita Inc.11/01/20186.43,0790.2
RSC Equipment Rental Inc.02/01/20218.23,0530.2
West Corporation10/01/20188.63,0450.2
Universal Health Services Inc.10/01/20187.03,0230.2
RR Donnelley & Sons Company05/15/20187.23,0230.2
US TelePacific Inc.02/23/20175.83,0090.2
Valeant Pharmaceuticals International12/01/20186.93,0080.2
Penn National Gaming Inc.08/15/20198.83,0040.2
Pantry Inc.02/15/20147.82,9930.2
Isle of Capri Casinos Inc.03/15/20197.82,9900.2
Iron Mountain Inc.01/01/20166.62,9650.2
Huntsman International LLC06/30/20165.52,9550.2
Trinity Industries Inc.06/01/20363.92,9480.2
MGM Resorts International04/01/20136.82,9070.2
Oshkosh Corporation03/01/20178.22,8740.2
Levi Strauss & Co.05/15/20207.62,8740.2
Needle Merger Sub Corp.03/15/20198.12,8730.2
Tenneco Inc.11/15/20158.12,8670.2
Education Management LLC06/01/20148.82,8210.2
QVC Inc.10/01/20197.52,8020.2
Academy Ltd./Academy Finance Corp.08/03/20186.02,7780.2
Hornbeck Offshore Services Inc.11/15/20261.62,7640.2
PAETEC Holding Corp.12/01/20189.92,7630.2
Ingles Markets Inc.05/15/20178.92,7190.2
Cooper-Standard Automotive Inc.05/01/20188.52,7070.2
Ford Motor Credit Co. LLC04/15/20157.02,6940.2
Ferrellgas LP/Ferrellgas Finance Corp.10/01/20179.12,6780.2
Qwest Communications International Inc.02/15/20147.52,6670.1
Qwest Communications International Inc.04/01/20187.12,6650.1
MedAssets Inc.11/15/20188.02,6600.1
Ashtead Capital Inc.08/15/20169.02,6500.1
US FoodService07/03/20142.82,6170.1
CCO Holdings LLC04/30/20208.12,5850.1
West Corporation10/15/201611.02,5800.1
Health Management Associates Inc.01/15/20207.42,5540.1
Ardagh Packaging Finance plc10/15/20177.42,5380.1
Actuant Corporation06/15/20176.92,5360.1
Lennar Corporation12/01/20202.02,5250.1
United Rentals North America Inc.06/15/201610.92,5090.1
CIT Group Inc.05/04/20157.02,5060.1
MGM Resorts International03/15/20209.02,5030.1
Interline Brands Inc.11/15/20187.02,4960.1
MPT Operating Partnership LP05/01/20216.92,4910.1
Exterran Holdings Inc.06/15/20144.22,4540.1
MGM Resorts International05/15/201410.42,4100.1
Telesat Inc.11/01/201511.02,3730.1
Iconix Brand Group Inc.06/30/20121.92,3270.1
HCA Inc.10/01/20126.32,3010.1
Sealy Mattress Co.04/15/201610.92,2870.1
Key Energy Services Inc.03/01/20216.82,2610.1
EH Holding Corporation06/15/20196.52,2520.1
Michaels Stores Inc.11/01/201613.02,2470.1
Pinnacle Entertainment Inc.06/15/20157.52,2390.1
Denbury Resources Inc.03/01/20169.82,2150.1
American Axle & Manufacturing Inc.01/15/20179.22,2070.1
Pinnacle Foods Finance LLC04/02/20146.22,2040.1
Arch Coal Inc.08/01/20168.82,1950.1
Crown Americas LLC05/15/20177.62,1930.1
Lear Corporation03/15/20187.92,1750.1
SunGard Data Systems Inc.05/15/201510.62,1400.1
Plains Exploration & Production Company06/01/20187.62,1300.1
Limited Brands Inc.06/15/20198.52,1060.1
NRG Energy Inc.01/15/20177.42,0800.1
Nuveen Investments Inc.07/31/201512.52,0770.1
Linear Technology Corporation05/01/20273.02,0530.1
Compagnie Générale de Géophysique-Veritas05/15/20177.82,0350.1
Brickman Group Holdings Inc.10/14/20167.22,0020.1
Endo Pharmaceuticals Holdings Inc.12/15/20207.01,9860.1
Intelsat Jackson Holdings SA04/01/20217.51,9770.1
Boyd Gaming Corporation04/15/20146.81,9760.1
HCA Inc.02/15/20206.51,9760.1
Cumulus Media Inc.09/16/20197.51,9540.1
Avaya Inc.04/01/20197.01,9500.1
Terex Corporation06/01/201610.91,9430.1
GenOn Energy Inc.09/20/20176.01,9240.1
Avis Budget Car Rental LLC05/15/20147.61,8950.1
Hologic Inc.12/15/20372.01,8700.1
Michael Foods Inc.07/15/20189.81,8510.1
American Axle & Manufacturing Inc.03/01/20177.91,8410.1
Level 3 Financing Inc.02/15/20178.81,8410.1
Trans Union LLC/TransUnion Financing Corp.06/15/201811.41,8360.1
Univar Inc.06/30/20175.01,8310.1
Copano Energy LLC06/01/20187.81,8290.1
Avis Budget Car Rental LLC03/15/20189.61,8200.1
Wind Acquisition Finance SA07/15/201711.81,8000.1
MGM Resorts International09/01/20126.81,7810.1
Calcipar SA05/01/20186.91,7650.1
Level 3 Financing Inc.11/01/20149.21,7470.1
Boyd Gaming Corporation02/01/20167.11,7400.1
Iron Mountain Inc.06/15/20208.01,7370.1
Bresnan Broadband Holdings LLC12/15/20188.01,7240.1
Pantry Inc.11/15/20123.01,7190.1
Intelsat Jackson Holdings SA02/01/20143.41,7190.1
Peabody Energy Corporation11/15/20216.21,7160.1
Capella Healthcare Inc.07/01/20179.21,6830.1
Helix Energy Solutions Group Inc.01/15/20169.51,6720.1
Brickman Group Holdings Inc.11/01/20189.11,6560.1
El Paso Corporation06/01/20187.21,6500.1
Service Corporation International10/01/20147.41,6390.1
SUPERVALU Inc.05/01/20168.01,6340.1
SPX Corp.09/01/20176.91,6280.1
Limited Brands Inc.07/15/20176.91,6240.1
Bristow Group Inc.09/15/20177.51,5680.1
ACCO Brands Corporation03/15/201510.61,5650.1
Chaparral Energy Inc.02/01/20178.91,5600.1
Toys R Us Property Co. II LLC12/01/20178.51,5600.1
Arvinmeritor Inc.03/15/201810.61,5590.1
Continential Resources Inc.10/01/20198.21,5470.1
Reynolds Group Issuer Inc.04/15/20199.01,5280.1
Quebecor Media Inc.03/15/20167.81,5240.1
RR Donnelley & Sons Company06/15/20207.61,5040.1
Service Corporation International04/01/20166.81,4680.1
Goodyear Tire & Rubber Company05/15/201610.51,4400.1
Wind Acquisition Finance SA02/15/20187.21,4140.1
Dole Foods Company Inc.10/01/20168.01,3090.1
Lamar Media Corporation08/15/20156.61,2780.1
Reynolds Group Issuer Inc.08/09/20186.51,2740.1
Videotron Ltee01/15/20146.91,2240.1
HCA Inc.02/15/20166.51,2240.1
Ally Financial Inc.09/15/20207.51,1960.1
Academy Ltd./Academy Finance Corp.08/01/20199.21,1910.1
DJO Finance LLC11/15/201410.91,1720.1
Interpublic Group07/15/201710.01,1480.1
Cablevision Systems Corporation09/15/20178.61,1130.1
Pioneer Natural Resources Co.03/15/20176.61,1110.1
Constellation Brands Inc.09/01/20167.21,1040.1
Graphic Package International Inc.06/15/20179.51,1000.1
Toys R Us Property Co. I LLC07/15/201710.81,0990.1
Compagnie Générale de Géophysique-Veritas05/15/20169.51,0850.1
Greif Inc.08/01/20197.81,0850.1
Boise Paper Holdings LLC11/01/20179.01,0800.1
TRW Automotive Inc.03/15/20147.01,0730.1
Cablevision Systems Corporation04/15/20187.81,0650.1
Lyondell Chemical Co.11/01/20178.01,0430.1
Rent-A-Center Inc/TX11/15/20206.61,0130.1
Advantage Sales & Marketing LLC06/18/20189.29840.1
El Paso Corporation06/15/20177.09360.1
RSC Equipment Rental Inc.11/15/201910.29310.1
Speedway Motorsports Inc.06/01/20168.89310.1
Omnicare Inc.12/15/20353.29230.1
MEMC Electronic Materials Inc.04/01/20197.89090.1
ARAMARK Corporation06/01/20125.09070.1
Chrysler Group LLC06/15/20218.28690.0
Patriot Coal Corporation04/30/20188.28690.0
Jarden Corporation05/01/20168.08140.0
QVC Inc.10/15/20207.48040.0
Tenet Healthcare Corporation02/01/20159.27920.0
Nielsen Finance LLC02/01/201411.67520.0
Linn Energy LLC05/15/20196.57480.0
Levi Strauss & Co.04/01/20168.96580.0
Hertz Corporation04/15/20196.86550.0
Steel Dynamics Inc.04/01/20156.86170.0
Windstream Corporation03/15/20197.06090.0
Ipalco Enterprises Inc.04/01/20167.25430.0
Moog Inc.06/15/20187.25300.0
FTI Consulting Inc.10/01/20167.85200.0
Hertz Corporation01/15/20217.45110.0
Copano Energy LLC04/01/20217.15080.0
ServiceMaster Company07/24/20142.83610.0
Hertz Corporation01/01/20148.93280.0
Mac-Gray Corp.08/15/20157.63090.0
Pioneer Natural Resources Co.05/01/20186.92840.0
Service Corporation International10/01/20187.62790.0
CSC Holdings LLC07/15/20187.62760.0
Steel Dynamics Inc.11/01/20127.42610.0
Geo Group Inc.10/15/20177.82140.0
Scientific Games Corporation06/15/20167.92040.0
Vanguard Health Systems Inc.02/01/20160.01470.0
DJO Finance LLC04/15/20187.81160.0
Rockwood Specialties Group Inc.11/15/20147.51020.0
Total1,643,22192.4
Cash and Other Assets Less Liabilities7.6
Total Net Assets100%

Sector Allocation (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
Economic SectorHarbor High-Yield Bond Fund %
CONSUMER DISCRETIONARY27.2
ENERGY11.6
INDUSTRIALS10.0
HEALTH CARE9.3
TELECOMMUNICATION SERVICES8.2
INFORMATION TECHNOLOGY7.4
MATERIALS5.8
CONSUMER STAPLES5.4
FINANCIALS4.3
UTILITIES3.0

Maturity Profile (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
MaturityHarbor High-Yield Bond Fund %
0-1 yr1.2
1-3 yr8.5
3-5 yr22.7
5-10 yr64.4
10-20 yr2.5
20-30 yr0.7
Over 30 yr0.0

Duration (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
DurationHarbor High-Yield Bond Fund %
0-1 yr19.1
1-3 yr19.9
3-5 yr34.2
5-10 yr26.8
10-20 yr0.0
20-30 yr0.0
Over 30 yr0.0

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 BofA Merrill Lynch US High Yield Index is an unmanaged index that tracks the performance of below investment grade U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. The unmanaged indices do not reflect fees and expenses and are not available for direct investment.