Harbor Unconstrained Bond Fund Institutional Class (HAUBX)

Institutional Class | Administrative Class

Portfolio Characteristics (As of Quarter-Ended 12/31/2011)

 Harbor Unconstrained Bond FundBofA Merrill Lynch US Dollar 3-Month LIBOR Constant Maturity Index
Number of Bonds145-
Average Market Coupon (%)3.23-
Yield to Maturity (%)2.69-
Weighted Avg. Maturity (yrs)2.510.25
Weighted Avg. Duration (yrs)2.550.25
Turnover (unannualized % since 10/31)123-

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

Top Ten Holdings (As of Quarter-Ended 12/31/2011)

SecuritiesMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Notes08/15/20212.13,48812.5
Federal National Mortgage Association02/01/20263.51,3985.0
U.S. Treasury Inflation Indexed Bonds07/15/20210.61,1834.2
U.S. Treasury Notes05/15/20213.11,1174.0
U.S. Treasury Bonds08/15/20413.81,0593.8
Federal National Mortgage Association01/01/20414.01,0073.6
Federal National Mortgage Association11/01/20403.59713.5
Federal National Mortgage Association04/01/20244.09603.4
Federal National Mortgage Association03/01/20244.57932.8
U.S. Treasury Notes11/15/20212.07082.5
% of Total Holdings:12,68445.3

Full Holdings (As of Quarter-Ended 12/31/2011)

Download: Calendar Quarter-End Holdings (xls) | Fiscal Quarter-End Holdings (pdf)
SecuritiesMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Notes08/15/20212.13,48812.5
Federal National Mortgage Association02/01/20263.51,3985.0
U.S. Treasury Inflation Indexed Bonds07/15/20210.61,1834.2
U.S. Treasury Notes05/15/20213.11,1174.0
U.S. Treasury Bonds08/15/20413.81,0593.8
Federal National Mortgage Association01/01/20414.01,0073.6
Federal National Mortgage Association11/01/20403.59713.5
Federal National Mortgage Association04/01/20244.09603.4
Federal National Mortgage Association03/01/20244.57932.8
U.S. Treasury Notes11/15/20212.07082.5
Avoca Capital09/15/20212.05862.1
U.S. Treasury Inflation Indexed Bonds01/15/20211.15782.1
Federal National Mortgage Association02/01/20263.55702.0
U.S. Treasury Notes08/15/20202.65391.9
U.S. Treasury Notes07/31/20182.25321.9
Springleaf Financial Corporation05/10/20175.55241.9
Federal National Mortgage Association TBA01/12/20423.55141.8
Federal National Mortgage Association02/01/20263.55071.8
DigitalGlobe Inc.09/21/20185.84931.8
Federal National Mortgage Association03/01/20414.04801.7
Australia Government Bond01/21/20185.54561.6
U.S. Treasury Notes05/15/20193.14491.6
JPMorgan Chase & Co.05/10/20214.64151.5
Electronic Arts Inc.07/15/20160.83911.4
U.S. Treasury Bonds08/15/20403.93601.3
U.S. Treasury Inflation Indexed Bonds07/15/20201.23531.3
Australia Government Bond04/21/20235.53521.3
U.S. Treasury Bonds11/15/20413.13141.1
Canadian Government Bond09/01/20162.83141.1
UBS AG MTN12/20/20175.93131.1
Bundesrepublik Deutschland07/04/20184.23081.1
CIT Group Inc.05/01/20157.03011.1
HSBC Bank plc05/24/20163.13001.1
International Lease Finance Corporation MTN03/25/20136.43001.1
Transocean Inc.12/15/20371.52961.1
SLM Corporation MTN01/27/20140.72711.0
Morgan Stanley ABS Capital I01/25/20370.42490.9
Washington Mutual Mortgage Pass Through Certificates04/25/20375.62490.9
Australia Government Bond07/15/20225.82390.9
New York City, NY12/01/20245.92380.9
U.S. Treasury Notes02/15/20203.62320.8
Arran Residential Mortgages Funding plc11/19/20472.72180.8
Australia Government Bond06/15/20164.82170.8
Australia Government Bond12/15/20135.52140.8
Province of Quebec Canada08/25/20212.82000.7
Canadian Government Bond03/01/20131.81980.7
SSIF Nevada LP04/14/20141.11970.7
Banco Santander Brazil SA MTN03/18/20142.71910.7
SLM Student Loan Trust05/16/20443.51840.7
Mexican Bonos12/05/202410.01660.6
Granite Mortgages plc09/20/20441.41590.6
U.S. Treasury Bonds02/15/20237.11510.5
U.S. Treasury Inflation Indexed Bonds02/15/20412.11400.5
Terex Corporation04/28/20176.01290.5
California State11/01/20407.61240.4
Royal Bank of Scotland plc MTN03/23/20205.51210.4
Washington Mutual Mortgage Pass Through Certificates03/25/20375.21180.4
Whiting, IN01/01/20215.21180.4
LBG Capital No.1 plc08/25/20207.91160.4
Wachovia Bank Commercial Mortgage Trust06/15/20200.41110.4
Goldman Sachs Group Inc. MTN02/15/20197.51110.4
Goldman Sachs Group Inc.05/23/20161.81080.4
U.S. Treasury Notes06/30/20172.51080.4
HSBC Holdings plc04/05/20215.11060.4
U.S. Treasury Notes09/30/20171.91050.4
Ford Motor Credit Co. LLC08/01/20127.51030.4
International Lease Finance Corporation09/01/20146.51030.4
Morgan Stanley MTN05/13/20197.31020.4
JPMorgan Chase & Co.03/01/20163.41020.4
Bank of America Corporation08/01/20166.51010.4
Terex Corporation04/28/20175.51010.4
Volkswagen International Finance NV04/01/20141.91000.4
Reynolds Group Issuer Inc.02/15/20216.91000.4
MetLife Institutional Funding II04/04/20141.51000.4
National Australia Bank Ltd.04/11/20141.3990.4
Hewlett-Packard Co.05/24/20130.8990.4
Goldman Sachs Group Inc. MTN03/15/20205.4990.4
Canadian Government Bond12/01/20121.5990.4
Barclays Bank plc01/13/20141.4970.3
Royal Bank of Scotland plc08/24/20205.6960.3
Ally Financial Inc.06/20/20144.0940.3
Morgan Stanley01/25/20215.8930.3
Banque PSA Finance SA04/04/20142.5930.3
Stone Tower Capital LLC04/17/20210.6920.3
Abbey National Treasury Services plc04/27/20164.0900.3
Structured Asset Securities Corporation09/25/20355.5860.3
Intesa Sanpaolo SpA MTN02/24/20216.5820.3
BCAP LLC Trust06/26/20365.2800.3
SLC Student Loan Trust06/15/20334.8780.3
Buckeye Tobacco Settlement Financing Authority06/01/20426.0730.3
Buckeye Tobacco Settlement Financing Authority06/01/20475.9720.3
Plymouth Rock CLO Ltd.02/16/20192.0700.3
Banc of America Funding Corporation06/20/20470.5690.2
Credit-Based Asset Servicing and Securitization LLC03/25/20375.4680.2
U.S. Treasury Bonds02/15/20404.6670.2
Mexican Bonos06/10/20216.5670.2
Credit-Based Asset Servicing and Securitization LLC03/25/20375.4670.2
Citigroup Mortgage Loan Trust Inc.08/25/20351.9660.2
Washington Mutual Mortgage Pass Through Certificates11/25/20450.6600.2
Securitized Asset Backed Receivables LLC Trust02/25/20341.1590.2
U.S. Treasury Notes08/15/20193.6580.2
Structured Asset Investment Loan Trust10/25/20350.7560.2
Wynn Las Vegas LLC08/15/20207.8560.2
Washington Mutual Mortgage Pass Through Certificates07/25/20450.6550.2
Bear Stearns Adjustable Rate Mortgage Trust08/25/20352.2530.2
Countrywide Financial Corporation MTN06/07/20125.8500.2
JP Morgan Alternative Loan Trust07/25/20360.4480.2
Ownit Mortgage Loan Asset Backed Certificates05/25/20370.4450.2
Thornburg Mortgage Securities Trust03/25/20370.4420.1
Federal National Mortgage Association REMIC03/25/20340.4410.1
Banc of America Alternative Loan Trust04/25/20335.8400.1
Countrywide Asset-Backed Certificates07/25/20365.9400.1
Indymac Residential Asset Backed Trust07/25/20370.5390.1
Federal National Mortgage Association05/01/20234.5330.1
Bear Stearns Adjustable Rate Mortgage Trust03/25/20355.2320.1
Federal National Mortgage Association02/01/20264.5310.1
Morgan Stanley ABS Capital I11/25/20360.4300.1
Forward Volatility Swap Option 30 year04/03/20120.0270.1
Federal National Mortgage Association07/01/20322.3260.1
American Home Mortgage Assets09/25/20461.2260.1
Impac CMB Trust09/25/20340.9240.1
Banc of America Funding Corporation06/20/20322.8200.1
Federal Home Loan Mortgage Corp. REMIC12/15/20300.6170.1
Granite Mortgages plc01/20/20442.0160.1
Bear Stearns Adjustable Rate Mortgage Trust01/25/20352.7140.0
Indymac Index Mortgage Loan Trust10/25/20342.6130.0
Washington Mutual Mortgage Pass Through Certificates04/25/20450.5120.0
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates10/25/20211.7110.0
MASTR Adjustable Rate Mortgages Trust05/25/20342.2100.0
Interest Rate Swap Option 20 year09/24/20120.0100.0
Credit Default Option 5 year01/18/20120.080.0
Wachovia Bank Commercial Mortgage Trust11/15/20485.360.0
PPL Corporation07/01/20139.560.0
Federal National Mortgage Association05/01/20144.050.0
Interest Rate Swap Option 30 year12/18/20130.040.0
Interest Rate Swap Option 30 year12/18/20130.040.0
Federal Home Loan Mortgage Corp. REMIC03/15/20175.530.0
Federal National Mortgage Association06/01/20134.030.0
Interest Rate Swap Option 30 year11/05/20120.030.0
Credit Default Option 5 year01/18/20120.020.0
Credit Default Option 5 year03/21/20120.020.0
Currency Options USD vs. EUR01/11/20120.010.0
Currency Options USD vs. CNY12/13/20120.010.0
Currency Options USD vs. CNY12/13/20120.010.0
Currency Options USD vs. CNY03/12/20120.010.0
Total32,369115.7
Cash and Other Assets Less Liabilities-15.7
Total Net Assets100%

Sector Allocation (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
Economic SectorHarbor Unconstrained Bond Fund %
U.S. GOVERNMENT OBLIGATIONS41.4
MORTGAGE PASS-THROUGH26.4
CORPORATE BONDS & NOTES16.9
FOREIGN GOVERNMENT OBLIGATIONS10.1
ASSET-BACKED SECURITIES6.0
COLLATERALIZED MORTGAGE OBLIGATIONS5.8
BANK LOAN OBLIGATIONS4.5
CONVERTIBLE BONDS2.5
MUNICIPAL BONDS2.2
OPTIONS0.2
CONVERTIBLE PREFERRED STOCKS0.0

Maturity Profile (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
MaturityHarbor Unconstrained Bond Fund %
0-1 yr69.8
1-3 yr29.2
3-5 yr4.2
5-10 yr-7.2
10-20 yr-1.1
20-30 yr5.5
Over 30 yr-0.3

Duration (As of Quarter-Ended 12/31/2011)

As of Quarter-Ended 12/31/2011
DurationHarbor Unconstrained Bond Fund %
0-1 yr4.8
1-3 yr20.2
3-5 yr3.2
5-10 yr33.3
10-20 yr40.6
20-30 yr-2.0
Over 30 yr0.0

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 Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The BofA Merrill Lynch US Dollar 3-Month LIBOR Constant Maturity Index tracks the performance of a synthetic asset paying Libor to a stated maturity. The index is based on the assumed purchase at par of a synthetic instrument having exactly its stated maturity and with a coupon equal to that day's fixing rate. That issue is assumed to be sold the following business day (priced at a yield equal to the current day fixing rate) and rolled into a new instrument.

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