Harbor Global Leaders Fund Institutional Class (HGGAX)

Portfolio Characteristics (As of Quarter Ended 03/31/2017)

Harbor Global Leaders FundMSCI All Country World (ND) Index
Number of Holdings352,480
Weighted Avg. Market Cap ($Mil)87,877.44109,621.37
Median Market Cap ($Mil)37,387.989,507.85
Price/Book Ratio5.652.81
Adj. Trailing P/E Ratio27.1219.12
Forecasted P/E Ratio23.1816.97
Earnings Growth Rate (%)16.457.00
Proj. Earnings Growth Rate (%)13.9012.14
Return on Equity (%)22.6013.44
Turnover (unannualized % since 10/31)117-
Beta vs. Fund Benchmark0.74-

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

Top Ten Holdings (As of Quarter Ended 03/31/2017)

Company Name [Ticker]% of Net Assets
VISA Inc. [V]5.0
Alimentation Couche-Tard Inc. Class B [ATD.B]4.4
Starbucks Corp. [SBUX]4.3
TransDigm Group Inc. [TDG]4.2
HDFC Bank Ltd. ADR [HDB]4.1
American Tower Corp. [AMT]3.6
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]3.6
Allergan plc [AGN]3.4
Dollar General Corp. [DG]3.3
Zoetis Inc. [ZTS]3.2
% of Total Holdings:39.1

Full Holdings (As of Quarter Ended 03/31/2017)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
VISA Inc. [V]US2188.871,8995.0
Alimentation Couche-Tard Inc. Class B [ATD.B]CA3845.181,6944.4
Starbucks Corp. [SBUX]US2858.391,6594.3
TransDigm Group Inc. [TDG]US7220.161,5914.2
HDFC Bank Ltd. ADR [HDB]IN2175.221,5784.1
American Tower Corp. [AMT]US11121.541,3923.6
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW4232.841,3733.6
Allergan plc [AGN]IE5238.921,2843.4
Dollar General Corp. [DG]US1869.731,2553.3
Zoetis Inc. [ZTS]US2353.371,2223.2
Safran SA [SAF]FR1674.631,1813.1
Alibaba Group Holding Ltd. ADR [BABA]CN11107.831,1813.1
Priceline Group Inc. [PCLN]US11779.971,1643.0
Alphabet Inc. Class A [GOOGL]US1847.801,1323.0
Verisk Analytics Inc. [VRSK]US1481.141,1042.9
Keyence Corp. [6861]JP3401.171,0692.8
Fresenius Medical Care AG & Co. KGAA [FME]DE1284.321,0482.7
Adobe Systems Inc. [ADBE]US8130.131,0332.7
Fomento Economico Mexicano SAB de CV ADR [FMX]MX1288.521,0332.7
Essilor International SA [EI]FR8121.419932.6
Intercontinental Exchange Group Inc. [ICE]US1659.879852.6
Sands China Ltd. [1928]CN2034.649392.5
LVMH Moet Hennessy Louis Vuitton SE [MC]FR4219.799232.4
Nike Inc. [NKE]US1655.739152.4
Bristol-Myers Squibb Co. [BMY]US1754.389012.4
Industria de Diseno Textil SA [ITX]ES2335.228212.1
Tencent Holdings Ltd. [700]CN2828.818122.1
Dassault Systemes SE [DSY]FR986.498042.1
Moody's Corp. [MCO]US7112.047562.0
Union Pacific Corp. [UNP]US7105.927381.9
Ross Stores Inc. [ROST]US1165.877211.9
O'reilly Automotive Inc. [ORLY]US2269.846521.7
Rightmove plc [RMV]GB1249.965741.5
Don Quijote Holdings Co. Ltd. [7532]JP1634.815531.4
Intuit Inc. [INTU]US4115.995221.4
Total37,50198.1
Cash and Other Assets Less Liabilities1.9
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2017)

As of Quarter Ended 03/31/2017
Economic SectorHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology27.216.4
Consumer Discretionary25.112.1
Health Care14.211.1
Industrials12.110.7
Financials8.718.4
Consumer Staples7.19.5
Real Estate3.63.2
Materials0.05.3
Utilities0.03.2
Energy0.06.6
Telecommunication Services0.03.4

Sector Returns (As of Quarter Ended 03/31/2017)

As of Quarter Ended 03/31/2017
Sector ReturnsHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Materials19.17.8
Information Technology14.813.1
Health Care12.38.6
Financials8.35.6
Real Estate6.85.0
Consumer Discretionary5.87.9
Consumer Staples4.87.2
Energy0.0-3.8
Telecommunication Services0.02.3
Utilities0.07.0
Cash-0.30.0
Industrials-5.87.4

Country Allocation (As of Quarter Ended 03/31/2017)

As of Quarter Ended 03/31/2017
CountryHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
United States51.453.1
France10.23.3
China7.73.0
Canada4.43.2
Japan4.27.6
India4.11.0
Taiwan3.61.3
Ireland3.40.1
Germany2.73.1
Mexico2.70.4
Other5.623.9

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 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.