Harbor High-Yield Bond Fund Institutional Class (HYFAX)

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

 Harbor High-Yield Bond FundBofA Merrill Lynch US Non-Distressed High Yield Index
Number of Bonds3691,908
Yield to Maturity (%)6.426.24
Weighted Avg. Maturity (yrs)6.316.57
Duration to Worst (yrs)3.884.28

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

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Reynolds Group Issuer Inc.10/15/20205.821,7441.2
NRG Energy Inc.05/01/20246.217,5591.0
MPH Acquisition Holdings LLC06/01/20247.116,7870.9
Inmarsat Finance plc05/15/20224.916,5150.9
William Morris Endeavor Entertainment LLC05/06/20215.215,4330.9
Hughes Satellite Systems Corp.06/15/20217.615,1180.8
Iron Mountain Inc.08/15/20245.814,4890.8
Cequel Communications Holdings I LLC09/15/20206.413,7030.8
Quicken Loans Inc.05/01/20255.813,6770.8
Talen Energy Supply LLC07/15/20194.613,4870.7
% of Total Holdings:158,5128.8

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Reynolds Group Issuer Inc.10/15/20205.821,7441.2
NRG Energy Inc.05/01/20246.217,5591.0
MPH Acquisition Holdings LLC06/01/20247.116,7870.9
Inmarsat Finance plc05/15/20224.916,5150.9
William Morris Endeavor Entertainment LLC05/06/20215.215,4330.9
Hughes Satellite Systems Corp.06/15/20217.615,1180.8
Iron Mountain Inc.08/15/20245.814,4890.8
Cequel Communications Holdings I LLC09/15/20206.413,7030.8
Quicken Loans Inc.05/01/20255.813,6770.8
Talen Energy Supply LLC07/15/20194.613,4870.7
Sirius XM Radio Inc.07/15/20246.013,4710.7
ESH Hospitality Inc.05/01/20255.213,4580.7
Post Holdings Inc.12/15/20226.012,8590.7
Griffon Corp.03/01/20225.212,7130.7
Tribune Media Co.07/15/20225.912,5000.7
Signode Industrial Group Lux SA05/01/20226.412,4960.7
UPCB Finance IV Ltd.01/15/20255.412,4380.7
Zayo Group LLC04/01/20236.012,3000.7
Rice Energy Inc.05/01/20226.211,9700.7
Argos Merger Sub Inc.03/15/20237.111,9110.7
Clean Harbors Inc.06/01/20215.111,8230.7
Alliance Data Systems Corp.04/01/20206.411,5280.6
First Quality Finance Co. Inc.05/15/20214.611,4000.6
Sinclair Television Group Inc.04/01/20215.411,0610.6
Cablevision Systems Corp.09/15/20225.910,8000.6
Standard Industries Inc.02/15/20235.510,7890.6
SFR Group SA05/15/20226.010,7880.6
HERC Spinoff Escrow Issuer Corp.06/01/20247.810,7530.6
Energizer Holdings Inc.06/15/20255.510,4740.6
Ashtead Capital Inc.07/15/20226.510,4560.6
Lamar Media Corp.02/01/20225.910,4500.6
Burger King Worldwide Inc.04/01/20226.010,3970.6
Dish DBS Corp.07/01/20267.810,3500.6
Safway Group Holding LLC05/15/20187.010,2760.6
West Corp.07/15/20225.410,2710.6
Jaguar Holding Co. II08/01/20236.410,2500.6
Moog Inc.12/01/20225.210,1750.6
Hertz Corp.10/15/20226.210,1430.6
Ardagh Packaging Finance plc01/31/20196.29,9820.6
HD Supply Inc.04/15/20245.89,9040.6
Time Inc.04/15/20225.89,4380.5
Anixter Inc.10/01/20215.19,1800.5
Memorial Resource Development Corp.07/01/20225.99,0000.5
Summit Materials LLC07/15/20236.18,9160.5
Mallinckrodt International Finance SA10/15/20235.68,8010.5
MDC Partners Inc.05/01/20246.58,7780.5
NBTY Inc.05/15/20217.68,5320.5
Capsugel SA05/15/20197.08,5210.5
WPX Energy Inc.08/01/20238.28,4130.5
Berry Plastics Corp.07/15/20235.18,2710.5
Cablevision Systems Corp.04/15/20208.08,2200.5
TransDigm Inc.07/15/20246.58,0800.4
Sunoco LP04/15/20216.28,0350.4
Calpine Corp.01/15/20255.88,0050.4
Viking Cruises Ltd.10/15/20228.57,9320.4
MediaCom Capital Corp.02/15/20227.27,9220.4
Cascades Inc.07/15/20225.57,8340.4
Nortek Inc.04/15/20218.57,8090.4
Wex Inc.02/01/20234.87,8050.4
Envision Healthcare Corp.07/01/20225.17,8010.4
Univision Communications Inc.09/15/20226.87,7650.4
Calpine Corp.02/01/20245.57,3720.4
Centene Corp.02/15/20215.67,3150.4
Weatherford International Ltd.06/15/20217.87,2820.4
Zekelman Industries Inc.06/15/20239.97,2240.4
Reynolds Group Issuer Inc.07/15/20247.07,2200.4
Univar USA Inc.07/15/20236.87,1960.4
Covanta Holding Corp.10/01/20226.47,1240.4
GCI Inc.06/01/20216.87,1230.4
Dole Food Co. Inc.05/01/20197.27,0000.4
Team Health Inc.12/15/20237.26,9720.4
Davita Healthcare Partners Inc.05/01/20255.06,9560.4
Murphy Oil Corp.12/01/20224.76,8720.4
Nexstar Broadcasting Inc.11/15/20206.96,8690.4
Suburban Propane Partners LP08/01/20217.46,8120.4
American Tire Distributors Inc.03/01/202210.26,7510.4
Diamond 1 Finance Corp.06/15/20235.46,7500.4
Resolute Forest Products Inc.05/15/20235.96,7360.4
RSI Home Products Inc.03/15/20236.56,7110.4
Hertz Corp.10/15/20205.96,6950.4
United Rentals North America Inc.11/15/20245.86,5810.4
ZF North America Capital Inc.04/29/20254.86,5590.4
CIT Group Inc.02/15/20195.56,5550.4
Terex Corp.04/01/20206.56,3360.4
CCO Holdings LLC04/01/20245.96,2700.3
Aercap Ireland Capital Ltd.10/30/20204.66,2430.3
Sanchez Energy Corp.01/15/20236.16,1810.3
Ardagh Packaging Finance plc05/15/20247.26,1540.3
Acadia Healthcare Co. Inc.03/01/20246.56,1050.3
Nova Chemicals Corp.08/01/20235.26,0530.3
Dynegy Inc.11/01/20196.85,9950.3
XPO Logistics Inc.06/15/20226.55,9920.3
Shea Homes LP04/01/20235.95,9700.3
Brand Energy & Infrastructure Services Inc.11/26/20204.85,9600.3
Avis Budget Car Rental LLC03/15/20255.25,9070.3
Cengage Learning Inc.06/15/20249.55,8650.3
Ziggo Bond Finance BV01/15/20255.95,8200.3
Avis Budget Car Rental LLC06/01/20225.15,8130.3
Alere Inc.07/01/20236.45,7610.3
Dana Financing Luxembourg SARL06/01/20266.55,7600.3
Cequel Communications Holdings I LLC12/15/20215.15,7450.3
HCA Inc.02/15/20265.95,7200.3
Service Corp. International01/15/20225.45,6930.3
Tempur Sealy International Inc.10/15/20235.65,6930.3
Felcor Lodging LP03/01/20235.65,6780.3
Realogy Group LLC12/01/20215.25,6580.3
Equinix Inc.01/15/20265.95,6530.3
Jll/Delta Dutch Pledgeco BV05/01/20208.85,5140.3
Oasis Petroleum Inc.03/15/20226.95,5100.3
Oasis Petroleum Inc.01/15/20236.95,4210.3
Cable One Inc.06/15/20225.85,3940.3
American Axle & Manufacturing Inc.10/15/20226.65,3750.3
Level 3 Financing Inc.01/15/20245.45,2960.3
Ferrellgas LP06/15/20236.85,2950.3
HCA Inc.05/01/20235.95,2900.3
Tronox Pigments Holland BV03/19/20204.55,2560.3
Tesoro Logistics LP10/15/20195.55,2500.3
Gray Television Inc.10/01/20207.55,2380.3
T-Mobile USA Inc.04/01/20216.25,2340.3
Michaels Stores Inc.12/15/20205.95,2250.3
Outfront Media Capital LLC03/15/20255.95,1690.3
Midcontinent Communications & Midcontinent Finance Corp.08/15/20236.95,1500.3
CCO Holdings LLC09/30/20225.25,1440.3
AECOM10/15/20225.85,1250.3
Surgical Care Affiliates Inc.04/01/20236.05,1250.3
Grifols Worldwide Operations Ltd.04/01/20225.25,1130.3
Communications Sales & Leasing Inc.10/15/20238.25,0880.3
Mednax Inc.12/01/20235.25,0750.3
Nexstar Broadcasting Inc.02/15/20226.15,0750.3
Belden Inc.09/01/20225.55,0630.3
DISH DBS Corp.11/15/20245.95,0630.3
WMG Acquisition Corp.04/15/20226.85,0630.3
ENDO Finance LLC01/15/20235.95,0610.3
Huntsman International LLC11/15/20204.95,0500.3
Rent-A-Center Inc.05/01/20214.85,0400.3
AES Corp.04/15/20255.55,0380.3
Nuance Communications Inc.07/01/20246.05,0380.3
Bombardier Inc.01/15/20236.15,0310.3
Casella Waste Systems Inc.02/15/20197.85,0290.3
A Schulman Inc.06/01/20236.95,0180.3
Molina Healthcare Inc.11/15/20225.45,0130.3
Telecom Italia SpA05/30/20245.35,0060.3
Virgin Media Secured Finance plc04/15/20215.45,0000.3
Rite Aid Corp.04/01/20236.14,9920.3
Townsquare Media Inc.04/01/20236.54,9630.3
Sprint Corp.09/15/20217.24,9520.3
Realogy Group LLC06/01/20234.94,9500.3
Avis Budget Car Rental LLC04/01/20235.54,9440.3
CEB Inc.06/15/20235.64,8810.3
Hologic Inc.07/15/20225.24,8770.3
Clear Channel Worldwide Holdings Inc.03/15/20207.64,8300.3
MediaCom Broadband LLC04/01/20236.44,8300.3
US Foods Inc.06/15/20245.94,8290.3
Brand Energy & Infrastructure Services Inc.12/01/20218.54,8250.3
Rose Rock Midstream LP11/15/20235.64,8130.3
Calpine Corp.06/01/20265.24,8000.3
Air Medical Merger Sub Corp.05/15/20236.44,7750.3
PQ Corp.11/15/20226.84,6910.3
Digitalglobe Inc.02/01/20215.24,6750.3
Solenis International LP07/31/20227.84,6670.3
Zekelman Industries Inc.06/14/20216.04,6480.3
Baytex Energy Corp.06/01/20245.64,6170.3
Gardner Denver Inc.08/15/20216.94,5630.3
Sirius XM Radio Inc.10/01/20205.94,5190.3
Nationstar Mortgage LLC07/01/20216.54,5150.3
Frontier Communications Corp.01/15/20237.14,5000.2
Mallinckrodt International Finance SA04/15/20255.54,4860.2
RR Donnelley & Sons Co.04/01/20246.04,4720.2
CDW LLC08/15/20226.04,4570.2
Virgin Media Secured Finance plc01/15/20265.24,4310.2
Orbital ATK Inc.10/01/20235.54,4000.2
Genesis Energy LP08/01/20226.84,3880.2
Mauser U.S. Holdings Inc.07/31/20228.84,3770.2
Sprint Communications Inc.11/15/20226.04,3550.2
Concordia International Corp.10/21/20215.24,3250.2
T-Mobile USA Inc.01/15/20266.54,2350.2
Unit Corp.05/15/20216.64,2300.2
SFR Group SA05/01/20267.44,2080.2
United Rentals North America Inc.06/15/20236.14,1850.2
Neuberger Berman Group LLC03/15/20225.94,1800.2
MPLX LP06/01/20254.94,1630.2
Sinclair Television Group Inc.10/01/20226.14,1600.2
Berry Plastics Corp.05/15/20225.54,1050.2
Nuance Communications Inc.08/15/20205.44,0900.2
Garda World Security Corp.11/15/20217.24,0630.2
Penske Automotive Group Inc.10/01/20225.84,0200.2
Ferrellgas LP05/01/20216.54,0130.2
Constellium NV05/15/20245.83,9630.2
Cascades Inc.07/15/20235.83,9180.2
Dean Foods Co.03/15/20236.53,8810.2
Churchill Downs Inc.12/15/20215.43,8480.2
CenturyLink Inc.04/01/20205.63,8430.2
HCA Inc.05/01/20234.83,8020.2
Range Resources Corp.08/15/20225.03,7900.2
First Data Corp.01/15/20245.83,7310.2
Prestige Brands Inc.12/15/20215.43,7230.2
Granite Acquisition Inc.12/17/20215.03,6660.2
NGL Energy Partners LP10/15/20216.93,6620.2
Station Casinos LLC03/01/20217.53,6530.2
Diamond 1 Finance Corp.06/15/20266.03,6380.2
Dynegy Inc.11/01/20227.43,6380.2
NCR Corp.12/15/20215.93,5660.2
FelCor Lodging LP06/01/20256.03,5440.2
TransDigm Inc.05/15/20256.53,5220.2
Sinclair Television Group Inc.11/01/20216.43,4820.2
Dish DBS Corp.03/15/20235.03,4680.2
DaVita HealthCare Partners Inc.08/15/20225.83,4650.2
Valeant Pharmaceuticals International Inc.04/15/20256.13,3810.2
Denbury Resources Inc.05/01/20225.53,3320.2
RHP Hotel Properties LP04/15/20215.03,3310.2
Darling Ingredients Inc.01/15/20225.43,3280.2
Altice US Finance I Corp.05/15/20265.53,3080.2
Boyd Gaming Corp.04/01/20266.43,2550.2
CCO Holdings LLC05/01/20235.13,2400.2
Whiting Petroleum Corp.03/15/20195.03,2380.2
Frontier Communications Corp.09/15/202210.53,1860.2
MGM Growth Properties Operating Partnership LP05/01/20245.63,1800.2
Tesoro Logistics LP05/01/20246.43,1580.2
Masonite International Corp.03/15/20235.63,1280.2
Dynegy Inc. Incremental C Tlb06/27/20235.03,1220.2
Hertz Corp.01/15/20217.43,1130.2
Ascena Retail Group Inc.08/21/20225.23,0990.2
Alliance Data Systems Corp.08/01/20225.43,0800.2
AES Corp.05/15/20266.03,0680.2
CIT Group Inc.08/15/20225.03,0600.2
Quebecor Media Inc.01/15/20235.83,0600.2
Altice Luxembourg SA05/15/20227.83,0410.2
Bombardier Inc.10/15/20226.03,0280.2
Amerigas Partners LP08/20/20265.93,0110.2
Ally Financial Inc.11/05/20183.23,0040.2
Sirius XM Radio Inc.04/15/20255.42,9940.2
Virgin Media Secured Finance plc08/15/20265.52,9930.2
Univision Communications Inc.05/15/20235.12,9930.2
Micron Technology Inc.01/15/20245.22,9840.2
Prestige Brands Inc.03/01/20246.42,9710.2
Ardagh Packaging Finance plc05/15/20234.62,9700.2
Virgin Media Finance plc10/15/20246.02,9590.2
Advanced Disposal Services Inc.10/09/20193.82,9580.2
Altice Financing SA02/15/20236.62,9570.2
HERC Spinoff Escrow Issuer Corp.06/01/20227.52,9550.2
NCR Corp.07/15/20225.02,9550.2
Calpine Corp.01/15/20235.42,9400.2
Mediacom Broadband LLC04/15/20215.52,8670.2
Sprint Communications Inc.08/15/20207.02,8310.2
Tronox Finance LLC03/15/20227.52,7730.2
Endo Finance LLC01/15/20225.82,7220.2
Geo Group Inc.01/15/20225.92,7160.2
United Rentals North America Inc.09/15/20265.92,6930.1
HCA Holdings Inc.02/15/20216.22,6880.1
Amaya Holdings BV08/01/20215.02,6450.1
Jupiter Resources Inc.10/01/20228.52,5290.1
Ashtead Capital Inc.10/01/20245.62,5250.1
Virgin Media Finance plc04/15/20236.42,5130.1
GCI Inc.04/15/20256.92,5020.1
Avis Budget Car Rental LLC04/01/20246.42,4880.1
Griffon Corp.03/01/20225.22,4780.1
Covanta Holding Corp.03/01/20245.92,4620.1
Quintiles Transnational Corp.05/15/20234.92,3970.1
Hornbeck Offshore Services Inc.03/01/20215.02,3900.1
Wpx Energy Inc.01/15/20226.02,3380.1
Neff Rental LLC06/09/20217.22,3330.1
Endo Finance LLC07/15/20236.02,3010.1
Talen Energy Supply LLC06/01/20256.52,2960.1
Neptune Finco Corp.10/15/202510.92,2950.1
First Data Corp.08/15/20235.42,1910.1
Valeant Pharmaceuticals International Inc.08/15/20186.82,1760.1
Precision Drilling Corp.11/15/20206.62,1620.1
Valeant Pharmaceuticals International Inc.05/15/20235.92,1530.1
Frontier Communications Corp.03/15/20197.12,1300.1
DuPont Fabros Technology LP09/15/20215.92,1030.1
CenturyLink Inc.03/15/20225.82,0960.1
Tesoro Logistics LP10/15/20226.22,0950.1
Cyrusone LP11/15/20226.42,0900.1
Valeant Pharmaceuticals International Inc.12/01/20215.62,0750.1
Albertsons Cos. LLC06/15/20246.62,0700.1
Altice Financing SA05/15/20267.52,0690.1
Aercap Ireland Capital Ltd.07/01/20224.62,0560.1
RegionalCare Hospital Partners Holdings Inc.05/01/20238.22,0550.1
Kratos Defense & Security Solutions Inc.05/15/20197.02,0390.1
Nustar Logistics LP02/01/20216.82,0300.1
Wpx Energy Inc.08/01/20207.52,0060.1
XPO Logistics Inc.10/30/20215.51,9920.1
Univision Communications Inc.02/15/20255.11,9850.1
LKQ Corp.05/15/20234.81,9750.1
Sanchez Energy Corp.06/15/20217.81,9610.1
Sirius XM Radio Inc.05/15/20234.61,9480.1
Genesis Energy LP02/15/20215.81,9480.1
WMG Acquisition Corp.04/15/20225.61,9400.1
Sterigenics-Nordion Holdings LLC05/15/20236.51,9320.1
United Rentals North America Inc.07/15/20255.51,9280.1
WideOpenWest Finance LLC07/15/201910.21,8720.1
Altice Luxembourg SA02/15/20257.61,8620.1
Sabra Health Care LP02/01/20215.51,8540.1
SM Energy Co.11/15/20226.11,8480.1
Level 3 Communications Inc.12/01/20225.81,8270.1
Archrock Partners LP10/01/20226.01,7800.1
MPLX LP02/15/20235.51,7800.1
Rose Rock Midstream LP07/15/20225.61,7700.1
Pinnacle Entertainment Inc.05/01/20245.61,7500.1
Zayo Group LLC05/15/20256.41,7400.1
Acadia Healthcare Co. Inc.02/15/20235.61,7240.1
Centurylink Inc.04/01/20247.51,6960.1
SESI LLC05/01/20196.41,6930.1
CrownRock Finance Inc.04/15/20217.11,6480.1
Mallinckrodt International Finance SA04/15/20234.81,6400.1
United Rentals North America Inc.04/15/20227.61,6090.1
MPT Operating Partnership LP03/01/20246.41,6050.1
NGL Energy Partners LP07/15/20195.11,6010.1
T-Mobile USA Inc.01/15/20246.51,5840.1
T-Mobile USA Inc.04/28/20216.61,5730.1
Silgan Holdings Inc.02/01/20225.51,5580.1
Valeant Pharmaceuticals International Inc.07/15/20217.51,5520.1
RSP Permian Inc.10/01/20226.61,5290.1
Pinnacle Foods Finance LLC01/15/20245.91,5240.1
Sensata Technologies BV10/01/20255.01,5140.1
Concordia International Corp.04/15/20237.01,5010.1
NRG Energy Inc.05/15/20267.21,5000.1
Scientific Games International Inc.05/15/20216.61,5000.1
Trinseo Materials Operation SCA05/01/20226.81,5000.1
Geo Group Inc.04/01/20235.11,4700.1
Equinix Inc.01/01/20255.81,4460.1
Range Resources Corp.05/15/20254.91,4360.1
Amerigas Partners LP05/20/20245.61,4120.1
Tri Pointe Group Inc.07/01/20214.91,4040.1
Advanced Disposal Services Inc.10/01/20208.21,3880.1
Scientific Games International Inc.09/01/20206.21,3710.1
Tenet Healthcare Corp.06/15/20204.21,3400.1
Amaya Holdings BV08/01/20228.01,3000.1
Global Partners LP06/15/20237.01,2180.1
Valeant Pharmaceuticals International Inc.10/15/20206.41,2110.1
Iron Mountain Inc.10/01/20206.01,1900.1
Level 3 Financing Inc.01/15/20216.11,1490.1
Hornbeck Offshore Services Inc.04/01/20205.91,0840.1
Energy Transfer Equity LP10/15/20207.51,0650.1
T-Mobile USA Inc.03/01/20236.01,0390.1
Covanta Holding Corp.12/01/20207.21,0300.1
Aecom10/15/20245.91,0300.1
Geo Group Inc.10/15/20245.91,0180.1
Transdigm Inc.06/15/20266.49990.1
Acadia Healthcare Co. Inc.07/01/20225.19750.1
Penske Automotive Group Inc.05/15/20265.59530.1
Weatherford International Ltd.06/15/20238.29530.1
NCR Corp.12/15/20236.49230.1
Nationstar Mortgage LLC10/01/20207.99160.1
CSC Holdings LLC06/01/20245.29100.1
Archrock Partners LP04/01/20216.09000.0
WPX Energy Inc.09/15/20245.28850.0
DaVita Healthcare Partners Inc.07/15/20245.18360.0
Level 3 Financing Inc.05/01/20235.18210.0
Anixter Inc.03/01/20235.57660.0
Range Resources Corp.03/15/20235.07540.0
Genesis Energy LP05/15/20236.07050.0
Endo Finance LLC01/15/20227.86990.0
Whiting Petroleum Corp.03/15/20215.86820.0
Sesi LLC12/15/20217.16770.0
Whiting Petroleum Corp.04/01/20236.26750.0
Hertz Corp.04/15/20196.86640.0
Prime Security Services Borrower LLC05/15/20239.25310.0
CrownRock Finance Inc.02/15/20237.85250.0
UPCB Finance V Ltd.11/15/20217.25180.0
Diamond 1 Finance Corp.06/15/20215.95130.0
Baytex Energy Corp.06/01/20215.14630.0
CCO Holdings LLC03/15/20215.22590.0
Endo Finance LLC02/01/20256.02400.0
CCO Holdings LLC05/01/20255.42290.0
Unitymedia Hessen GmbH & Co. KG01/15/20235.52270.0
KLX Inc.12/01/20225.92220.0
Energy Transfer Equity LP01/15/20245.91960.0
Granite Acquisition Inc.12/17/20215.01640.0
Total1,734,01597.1
Cash and Other Assets Less Liabilities2.9
Total Net Assets100%

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

As of Quarter Ended 06/30/2016
Economic SectorHarbor High-Yield Bond Fund %
Consumer Discretionary25.3
Industrials17.1
Health Care10.5
Energy8.7
Materials8.6
Telecommunication Services6.2
Information Technology5.6
Utilities5.5
Financials5.1
Consumer Staples3.7

Maturity Profile (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
MaturityHarbor High-Yield Bond Fund %BofA Merrill Lynch US Non-Distressed High Yield Index %
0-1 yr0.00.0
1-3 yr3.50.9
3-5 yr20.313.3
5-7 yr43.223.8
7-10 yr29.642.8
10-20 yr1.115.8
20-30 yr0.03.3
Over 30 yr0.00.2

Duration (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
DurationHarbor High-Yield Bond Fund %BofA Merrill Lynch US Non-Distressed High Yield Index %
0-1 yr11.66.2
1-3 yr11.921.8
3-5 yr47.138.8
5-7 yr24.324.4
7-10 yr2.85.8
10-20 yr0.03.0
20-30 yr0.00.0
Over 30 yr0.00.0

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 Non-Distressed High Yield Index is a subset of The BofA Merrill Lynch US High Yield Index including all securities with an option-adjusted spread less than 1,000 basis points. This unmanaged index does not reflect fees and expenses and is not available for direct investment.