Harbor Real Return Fund Institutional Class (HARRX)

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

 Harbor Real Return FundBarclays U.S. TIPS Index
Number of Issues10837
Average Market Coupon (%)1.610.97
Yield to Maturity (%)2.121.47
Weighted Avg. Maturity (yrs)9.468.71
Weighted Avg. Duration (yrs)8.088.22

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
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,12030.3
U.S. Treasury Inflation Indexed Bonds07/15/20210.618,04515.6
U.S. Treasury Inflation Indexed Bonds02/15/20441.413,69311.8
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,73711.0
U.S. Treasury Inflation Indexed Bonds01/15/20272.412,08710.4
Federal National Mortgage Association TBA08/11/20463.56,3235.5
U.S. Treasury Inflation Indexed Bonds01/15/20240.64,5143.9
U.S. Treasury Inflation Indexed Bonds07/15/20230.43,4062.9
U.S. Treasury Notes05/15/20261.62,5322.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.12,3992.1
% of Total Holdings:110,85695.7

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,12030.3
U.S. Treasury Inflation Indexed Bonds07/15/20210.618,04515.6
U.S. Treasury Inflation Indexed Bonds02/15/20441.413,69311.8
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,73711.0
U.S. Treasury Inflation Indexed Bonds01/15/20272.412,08710.4
Federal National Mortgage Association TBA08/11/20463.56,3235.5
U.S. Treasury Inflation Indexed Bonds01/15/20240.64,5143.9
U.S. Treasury Inflation Indexed Bonds07/15/20230.43,4062.9
U.S. Treasury Notes05/15/20261.62,5322.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.12,3992.1
Telefonica Emisiones Sau06/23/20171.32,1481.9
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,7661.5
U.S. Treasury Inflation Indexed Bonds01/15/20230.11,4721.3
U.S. Treasury Inflation Indexed Bonds07/15/20220.11,3841.2
Japan Treasury Discount Bill09/26/20160.01,2601.1
New Zealand Government Bond09/20/20252.01,2311.1
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,1961.0
JP Morgan Chase & Co.06/23/20202.81,1341.0
Ford Motor Credit Co. LLC01/16/20182.41,1141.0
U.S. Treasury Inflation Indexed Bonds02/15/20461.01,0480.9
Citigroup Mortgage Loan Trust Inc.08/25/20360.69240.8
Hellenic Republic Government International Bond MTN08/08/20173.89160.8
U.S. Treasury Inflation Indexed Bonds07/15/20201.28970.8
Lavender Trust10/26/20366.28480.7
U.S. Treasury Inflation Indexed Bonds04/15/20200.18360.7
HSBC Holdings plc05/25/20213.08090.7
U.S. Treasury Inflation Indexed Bonds01/15/20292.56930.6
U.S. Treasury Bonds02/15/20462.56880.6
Mexican Udibonos11/08/20464.06770.6
Navient Corp. MTN05/03/20193.46700.6
First Franklin Mortgage Loan Trust06/25/20361.26550.6
JP Morgan Mortgage Acquisition Trust05/25/20370.66530.6
RBSSP Resecuritization Trust07/26/20452.46350.5
U.S. Treasury Inflation Indexed Bonds04/15/20180.16300.5
Aegis Asset Backed Securities Trust03/25/20351.56230.5
France Government Bond OAT07/25/20202.26170.5
Santander Holdings USA Inc.11/24/20172.16000.5
Hillmark Funding Ltd.05/21/20210.95430.5
Hellenic Railways Organization SA03/17/20174.05320.5
JP Morgan Mortgage Acquisition Trust05/25/20350.85210.4
Federal Home Loan Mortgage Corp. REMIC12/15/20371.05100.4
Goldman Sachs Group Inc.09/15/20201.94990.4
Long Beach Mortgage Loan Trust08/25/20351.24350.4
U.S. Treasury Inflation Indexed Bonds04/15/20283.63890.3
Petrobras Global Finance BV01/27/20215.43680.3
Citigroup Mortgage Loan Trust Inc.08/25/20351.23540.3
Mexican Udibonos12/04/20254.53330.3
Credit Agricole SA06/23/20216.53140.3
France Government Bond Oat07/25/20271.83080.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.13050.3
U.S. Treasury Inflation Indexed Bonds02/15/20412.12890.2
Federal National Mortgage Association REMIC02/25/20411.12600.2
U.K. Gilt Inflation Linked03/22/20460.12250.2
Barclays Bank plc11/21/20227.62160.2
U.K. Gilt Inflation Linked03/22/20440.12120.2
Royal Bank of Scotland plc MTN03/16/20229.52080.2
Barclays plc12/15/20208.02080.2
AT&T Inc.05/15/20464.82060.2
Morgan Stanley Mortgage Loan Trust06/25/20362.52030.2
Barclays plc09/15/20196.51980.2
Mexican Bonos06/14/20184.81940.2
Japan Government Five Year Bond09/20/20160.31940.2
Long Beach Mortgage Loan Trust01/25/20360.81800.2
Soundview Home Loan Trust05/25/20360.71620.1
Hewlett Packard Enterprise Co.10/05/20172.41520.1
GSAMP Trust10/25/20342.11510.1
Federal National Mortgage Association REMIC07/25/20370.81360.1
Federal National Mortgage Association REMIC07/25/20370.81210.1
MASTR Asset Backed Securities Trust06/25/20360.71140.1
AT&T Inc.05/15/20354.51030.1
Federal National Mortgage Association REMIC05/25/20360.91020.1
AT&T Inc.06/30/20201.61000.1
Saxon Asset Securities Trust06/25/20334.0940.1
Interest Rate Swap Option 30 year06/15/20180.0850.1
Marche Mutui Srl01/27/20642.0810.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20360.5610.1
Interest Rate Swap Option 30 year06/15/20180.0520.0
U.K. Gilt Inflation Linked03/22/20580.1510.0
Interest Rate Swap Option 30 year03/29/20190.0500.0
Marche Mutui Srl02/25/20550.2470.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20352.6410.0
U.S. Treasury Inflation Indexed Bonds02/15/20430.6410.0
Interest Rate Swap Option 30 year10/23/20180.0330.0
Interest Rate Swap Option 30 year10/17/20180.0320.0
Residential Asset Securitization Trust01/25/20460.9290.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20332.6250.0
Interest Rate Swap Option 2 year 2 year09/28/20160.0140.0
Interest Rate Swap Option 5 year12/13/20160.0110.0
Interest Rate Swap Option 30 year12/10/20180.0100.0
Interest Rate Swap Option 30 year11/15/20180.0100.0
Securitized Asset Backed Receivables LLC Trust08/25/20351.090.0
Wood Street CLO BV03/29/20210.180.0
Interest Rate Swap Option 10 year11/14/20160.040.0
Bear Stearns Adjustable Rate Mortgage Trust08/25/20352.440.0
Interest Rate Swap Option 1 year12/27/20160.020.0
Bear Stearns Adjustable Rate Mortgage Trust03/25/20352.920.0
Interest Rate Swap Option 1 year12/27/20160.010.0
Interest Rate Swap Option 5 year12/05/20160.000.0
Interest Rate Swap Option 10 year07/21/20160.000.0
Interest Rate Swap Option 1 year08/08/20160.000.0
Interest Rate Swap Option 1 year07/05/20160.000.0
Interest Rate Swap Option 1 year07/05/20160.000.0
Interest Rate Swap Option 1 year07/05/20160.000.0
Interest Rate Swap Option 1 year07/05/20160.000.0
Currency  Option  U.S.  Dollar  vs.  Japanese  Yen07/07/20160.000.0
Currency  Option  U.S.  Dollar  vs.  Japanese  Yen07/07/20160.000.0
U.K.  LIBOR  Future 90 day12/21/20160.000.0
U.K.  LIBOR  Future 90 day06/21/20170.000.0
Total147,122126.9
Cash and Other Assets Less Liabilities-26.9
Total Net Assets100%

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

As of Quarter Ended 06/30/2016
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations100.4
Corporate Bonds & Notes7.8
Mortgage Pass-through6.4
Foreign Government Obligations5.8
Asset-backed Securities4.4
Collateralized Mortgage Obligations2.0
Purchased Options0.3

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

As of Quarter Ended 06/30/2016
MaturityHarbor Real Return Fund %
0-1 yr13.3
1-3 yr7.1
3-5 yr12.3
5-7 yr2.6
7-10 yr44.2
10-20 yr4.8
20-30 yr15.7
Over 30 yr0.1

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

As of Quarter Ended 06/30/2016
DurationHarbor Real Return Fund %
0-1 yr0.9
1-3 yr5.9
3-5 yr1.1
5-7 yr9.9
7-10 yr36.8
10-20 yr4.1
20-30 yr41.1
Over 30 yr0.2

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 Barclays U.S. TIPS Index is an unmanaged market index comprised of all U.S. Treasury Inflation Protected Securities rated investment grade (Baa3 or better), have at least one year to final maturity, and at least $250 million par amount outstanding.  This unmanaged index does not reflect fees and expenses and is not available for direct investment.