Harbor Global Growth Fund Institutional Class (HGGAX)

Portfolio Characteristics (As of Quarter Ended 03/31/2015)

 Harbor Global Growth FundMSCI All Country World (ND) Index
Number of Holdings372,469
Weighted Avg. Market Cap ($Mil)105,659.9792,328.28
Median Market Cap ($Mil)31,586.539,160.09
Price/Book Ratio5.722.17
Adj. Trailing P/E Ratio33.3617.30
Forecasted P/E Ratio20.9915.84
Earnings Growth Rate (%)28.9013.50
Proj. Earnings Growth Rate (%)20.9511.02
Return on Equity (%)41.6513.68
Turnover (unannualized % since 10/31)41-
Beta vs. MSCI AC World Index0.95-
Beta vs. MSCI EAFE (ND) Index0.70-

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

Top Ten Holdings (As of Quarter Ended 03/31/2015)

Company Name [Ticker]% of Net Assets
Biogen Inc. [BIIB]4.9
Facebook Inc. [FB]4.4
Apple Inc. [AAPL]4.1
Domino's Pizza Group plc [DOM]3.9
Sherwin-Williams Co. [SHW]3.8
Liberty Global plc [LBTYK]3.7
Canadian Pacific Railway Ltd. [CP]3.7
Tencent Holdings Ltd. [700]3.6
ASML Holding NV [ASML]3.4
Novartis AG [NOVN]3.2
% of Total Holdings:38.7

Full Holdings (As of Quarter Ended 03/31/2015)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Biogen Inc. [BIIB]US6422.242,3374.9
Facebook Inc. [FB]US2682.222,1124.4
Apple Inc. [AAPL]US16124.431,9684.1
Domino's Pizza Group plc [DOM]GB16211.501,8673.9
Sherwin-Williams Co. [SHW]US6284.501,8323.8
Liberty Global plc [LBTYK]GB3649.811,7833.7
Canadian Pacific Railway Ltd. [CP]CA10183.101,7703.7
Tencent Holdings Ltd. [700]CN9019.001,7183.6
ASML Holding NV [ASML]NL16101.031,6053.4
Novartis AG [NOVN]CH1598.701,5163.2
Walt Disney Co. [DIS]US14104.891,4423.0
Norwegian Cruise Line Holdings Ltd. [NCLH]BM2654.011,4313.0
Actavis plc [ACT]US5297.621,3962.9
Bayerische Motoren Werke AG [BMW]DE11124.541,3902.9
Nike Inc. [NKE]US14100.331,3822.9
Safran SA [SAF]FR1969.871,3272.8
VISA Inc. [V]US2065.411,3062.7
UnitedHealth Group Inc. [UNH]US10118.291,1872.5
Vertex Pharmaceuticals Inc. [VRTX]US10117.971,1712.5
Tata Motors Ltd. ADR [TTM]IN2645.061,1542.4
Gilead Sciences Inc. [GILD]US1198.131,1072.3
ARM Holdings plc [ARM]GB6516.241,0632.2
BAE Systems plc [BA.]GB1327.751,0202.1
Celldex Therapeutics Inc. [CLDX]US3627.879952.1
Alibaba Group Holding Ltd. ADR [BABA]CN1283.249872.1
Dollar Tree Inc. [DLTR]US1281.159402.0
FleetCor Technologies Inc. [FLT]US6150.929201.9
Valeant Pharmaceuticals International Inc. [VRX]US5198.629161.9
Pacira Pharmaceuticals Inc. [PCRX]US988.858171.7
Tesla Motors Inc. [TSLA]US4188.777941.7
Juno Therapeutics Inc. [JUNO]US1260.667401.6
Hermes International SA [RMS]FR2353.087271.5
Electronic Arts Inc. [EA]US1258.826981.5
Auto Trader Group plc [AUTO]GB1153.734310.9
Domino's Pizza Enterprises Ltd. [DMP]AU1328.203670.8
Monsanto Co. [MON]US3112.543330.7
LinkedIn Corp. [LNKD]US1249.862040.4
Total44,75393.7
Cash and Other Assets Less Liabilities6.3
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2015)

As of Quarter Ended 03/31/2015
Economic SectorHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Consumer Discretionary27.812.6
Information Technology27.314.0
Health Care25.512.2
Industrials8.610.5
Materials4.55.3
Financials0.021.5
Consumer Staples0.09.7
Energy0.07.5
Utilities0.03.2
Telecommunication Services0.03.6

Sector Returns (As of Quarter Ended 03/31/2015)

As of Quarter Ended 03/31/2015
Sector ReturnsHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Health Care10.58.4
Information Technology4.62.8
Materials3.01.5
Financials2.20.7
Consumer Discretionary1.95.7
Industrials0.92.2
Cash0.70.0
Consumer Staples0.02.4
Energy0.0-3.2
Telecommunication Services0.02.0
Utilities0.0-4.8

Country Allocation (As of Quarter Ended 03/31/2015)

As of Quarter Ended 03/31/2015
CountryHarbor Global Growth Fund %MSCI All Country World (ND) Index %
United States51.651.5
United Kingdom12.97.1
China5.71.7
France4.33.2
Canada3.73.3
Netherlands3.41.1
Switzerland3.23.2
Bermuda3.00.0
Germany2.93.3
India2.40.8
Other6.924.8

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 AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.