Harbor Global Growth Fund Institutional Class (HGGAX)

Portfolio Characteristics (As of Quarter Ended 06/30/2014)

 Harbor Global Growth FundMSCI All Country World (ND) Index
Number of Holdings392,446
Weighted Avg. Market Cap ($Mil)84,574.3289,645.92
Median Market Cap ($Mil)31,778.239,334.36
Price/Book Ratio5.072.05
Adj. Trailing P/E Ratio26.8416.92
Forecasted P/E Ratio19.4914.47
Earnings Growth Rate (%)19.379.83
Proj. Earnings Growth Rate (%)23.0411.41
Return on Equity (%)21.7213.41
Turnover (unannualized % since 10/31)86-
Beta vs. MSCI AC World Index1.06-
Beta vs. MSCI EAFE (ND) Index0.87-

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

Top Ten Holdings (As of Quarter Ended 06/30/2014)

Company Name [Ticker]% of Net Assets
Canadian Pacific Railway Ltd. [CP]5.5
Gilead Sciences Inc. [GILD]5.0
Facebook Inc. [FB]4.2
Priceline Group Inc. [PCLN]3.8
Schlumberger Ltd. [SLB]3.4
Continental Resources Inc. [CLR]3.4
Monsanto Co. [MON]3.0
Alsea SAB de CV [ALSEA *]3.0
Salesforce.com Inc. [CRM]3.0
Biogen Idec Inc. [BIIB]3.0
% of Total Holdings:37.3

Full Holdings (As of Quarter Ended 06/30/2014)

Company Name [Ticker]CountrySEDOLShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Canadian Pacific Railway Ltd. [CP]CA279311511181.161,9275.5
Gilead Sciences Inc. [GILD]US23691742182.911,7755.0
Facebook Inc. [FB]USB7TL8202267.291,4764.2
Priceline Group Inc. [PCLN]US277906311203.001,3273.8
Schlumberger Ltd. [SLB]US277920110117.951,1843.4
Continental Resources Inc. [CLR]USB1XGWS37158.041,1803.4
Monsanto Co. [MON]US26543209124.741,0713.0
Alsea SAB de CV [ALSEA *]MX25630172973.601,0673.0
Salesforce.com Inc. [CRM]US23105251858.081,0673.0
Biogen Idec Inc. [BIIB]US24559653315.311,0483.0
Safran SA [SAF]FRB058TZ61665.461,0332.9
Apple Inc. [AAPL]US20462511192.931,0322.9
Zodiac Aerospace [ZC]FR72943343033.861,0052.9
Starwood Hotels & Resorts Worldwide Inc. [HOT]USB12GHV21280.829942.8
Domino's Pizza Group plc [DOM]GBB1S49Q91118.969942.8
Sherwin-Williams Co. [SHW]US28042115206.919862.8
Roche Holding AG [ROG]CH71103883297.969302.6
VISA Inc. [V]USB2PZN044210.719232.6
Wynn Macau Ltd. [1128]HKB4JSTL62303.939052.6
General Dynamics Corp. [GD]US23651618116.558902.5
Tyco International Ltd. [TYC]CHB64GC981945.608762.5
ASML Holding NV [ASML]NLB908F01993.278602.4
Walt Disney Co. [DIS]US2270726985.748042.3
Luxottica Group SpA ADR [LUX]IT25388001457.967972.3
Pricesmart Inc. [PSMT]US2092942987.047872.2
Tata Motors Ltd. ADR [TTM]INB02ZP962039.067812.2
Hermes International [RMS]FR52539732369.297362.1
British Sky Broadcasting Group plc [BSY]GB01411924515.477032.0
Infineon Technologies Ltd. [IFX]DE58895055512.486861.9
Bayerische Motoren Werke AG [BMW]DE57560295126.636631.9
Google Inc. [GOOGL]USB020QX21584.676011.7
Pacira Pharmaceuticals Inc. [PCRX]USB3X26D8691.865761.6
Antero Resources Corp. [AR]USBFD2WR8865.635231.5
Schneider Electric SE [SU]FR4834108594.295161.5
Google Inc. [GOOG]USBKM4JZ71575.284771.4
Novadaq Technologies Inc. [NVDQ]CAB1GBXF92216.483621.0
Keurig Green Mountain Inc. [GMCR]USBKQVM443124.613371.0
LKQ Corp. [LKQ]US2971029626.691610.5
Liberty Global plc [LBTYK]GBB8W67B1342.311320.4
Total34,19297.1
Cash and Other Assets Less Liabilities2.9
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
Economic SectorHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Consumer Discretionary28.611.6
Information Technology20.212.8
Industrials17.810.6
Health Care13.310.6
Energy8.210.2
Materials5.86.0
Consumer Staples3.29.6
Financials0.021.3
Telecommunication Services0.03.8
Utilities0.03.4

Sector Returns (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
Sector ReturnsHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Energy22.111.9
Materials7.74.7
Industrials7.13.5
Consumer Staples6.15.3
Health Care5.45.0
Cash4.40.0
Information Technology2.56.3
Financials0.03.4
Telecommunication Services0.04.2
Utilities0.07.7
Consumer Discretionary-0.23.6

Country Allocation (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
CountryHarbor Global Growth Fund %MSCI All Country World (ND) Index %
United States54.648.8
France9.43.5
Canada6.53.8
United Kingdom5.28.1
Switzerland5.13.2
Germany3.83.4
Mexico3.00.6
Hong Kong2.61.6
Netherlands2.41.2
Italy2.30.9
Other5.124.9

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.