Harbor Small Cap Growth Opportunities Fund Institutional Class (HASOX)

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

Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings981,157
Weighted Avg. Market Cap ($Mil)1,664.402,376.48
Median Market Cap ($Mil)1,379.92914.86
Price/Book Ratio3.624.23
Adj. Trailing P/E Ratio20.7322.39
Forecasted P/E Ratio23.3920.81
Earnings Growth Rate (%)2.5211.51
Proj. Earnings Growth Rate (%)21.3315.20
Return on Equity (%)3.5812.07
Turnover (unannualized % since 10/31)28-
Beta vs. Fund Benchmark1.32-

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
Maxlinear Inc. [MXL]3.3
Synchronoss Technologies Inc. [SNCR]3.0
Interxion Holding NV [INXN]2.4
Medicines Co. [MDCO]2.3
Exact Sciences Corp. [EXAS]2.0
Logmein Inc. [LOGM]1.9
WNS Holdings Ltd. ADR [WNS]1.9
Blackhawk Network Holdings Inc. [HAWK]1.9
Evolent Health Inc. [EVH]1.8
ICU Medical Inc. [ICUI]1.8
% of Total Holdings:22.3

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Maxlinear Inc. [MXL]US27428.057,6853.3
Synchronoss Technologies Inc. [SNCR]US28824.407,0333.0
Interxion Holding NV [INXN]NL14139.565,5832.4
Medicines Co. [MDCO]US11048.905,3792.3
Exact Sciences Corp. [EXAS]US20323.624,7902.0
Logmein Inc. [LOGM]US4797.504,5521.9
WNS Holdings Ltd. ADR [WNS]IN15828.614,5201.9
Blackhawk Network Holdings Inc. [HAWK]US11140.604,5061.9
Evolent Health Inc. [EVH]US19422.304,3261.8
ICU Medical Inc. [ICUI]US27152.704,1201.8
Dycom Industries Inc. [DY]US4192.953,8071.6
Callidus Software Inc. [CALD]US17821.353,8041.6
Wright Medical Group NV [WMGI]NL11231.123,4981.5
Pacira Pharmaceuticals Inc. [PCRX]US7645.603,4831.5
Chegg Inc. [CHGG]US4048.443,4141.5
Korn/Ferry International [KFY]US10331.493,2381.4
Cerus Corp. [CERS]US7244.453,2241.4
Innerworkings Inc. [INWK]US3239.963,2191.4
Bankrate Inc. [RATE]US3339.653,2131.4
National General Holdings Corp. [NGHC]US13223.763,1381.3
Vocera Communications Inc. [VCRA]US12524.833,1091.3
Teladoc Inc. [TDOC]US12225.003,0511.3
Novadaq Technologies Inc. [NVDQ]CA3787.792,9461.3
On Assignment Inc. [ASGN]US6048.532,9081.2
Churchill Downs Inc. [CHDN]US17158.852,7731.2
Wageworks Inc. [WAGE]US3872.302,7411.2
Gogo Inc. [GOGO]US24611.002,7051.2
Vasco Data Security International Inc. [VDSI]US19613.502,6501.1
Teligent Inc. [TLGT]US3297.812,5711.1
Beacon Roofing Supply Inc. [BECN]US5249.162,5401.1
Clubcorp Holdings Inc. [MYCC]US15816.052,5291.1
Planet Fitness Inc. [PLNT]US13119.272,5231.1
Nuvasive Inc. [NUVA]US3374.682,4831.1
Barnes Group Inc. [B]US4851.342,4801.1
Endologix Inc. [ELGX]US3347.242,4151.0
Habit Restaurants Inc. [HABT]US13617.702,4141.0
Sarepta Therapeutics Inc. [SRPT]US7929.602,3311.0
Circor International Inc. [CIR]US3859.442,2310.9
Rexnord Corp. [RXN]US9623.082,2260.9
NN Inc. [NNBR]US8725.202,2020.9
Ligand Pharmaceuticals Inc. [LGND]US21105.842,1790.9
Infinera Corp. [INFN]US21110.232,1590.9
FB Financial Corp. [FBK]US6035.362,1340.9
Masonite International Corp. [DOOR]CA2779.252,1110.9
Iridium Communications Inc. [IRDM]US2139.652,0570.9
AMC Entertainment Holdings Inc. [AMC]US6431.452,0250.9
Financial Engines Inc. [FNGN]US4643.552,0180.9
NutriSystem Inc. [NTRI]US3655.501,9950.8
LendingTree Inc. [TREE]US16125.351,9940.8
Fox Factory Holding Corp. [FOXF]US6728.701,9120.8
Echo Global Logistics Inc. [ECHO]US8921.351,9010.8
Quotient Technology Inc. [QUOT]US1949.551,8480.8
Luminex Corp. [LMNX]US10018.371,8300.8
Methode Electronics Inc. [MEI]US4045.601,8220.8
Electronics For Imaging Inc. [EFII]US3548.831,7160.7
Aquaventure Holdings Ltd. [WAAS]VI10017.071,7050.7
BroadSoft Inc. [BSFT]US4140.201,6510.7
Cryolife Inc. [CRY]US9816.651,6280.7
J. Jill Inc. [JILL]US11514.101,6260.7
BioSpecifics Technologies Corp. [BSTC]US2954.801,6150.7
Century Communities Inc. [CCS]US6325.401,6120.7
Shenandoah Telecommunications Co. [SHEN]US5728.051,6040.7
KEYW Holding Corp. [KEYW]US1669.441,5710.7
SRC Energy Inc. [SRCI]US1858.441,5640.7
Saia Inc. [SAIA]US3544.301,5630.7
TETRA Tech Inc. [TTEK]US3740.851,5100.6
Coherent Inc. [COHR]US7205.641,4920.6
Caesarstone Ltd. [CSTE]IL4136.251,4760.6
Kate Spade & Co. [KATE]US6323.231,4700.6
MTS Systems Corp. [MTSC]US2655.051,4380.6
DigitalGlobe Inc. [DGI]US4432.751,4280.6
Primo Water Corp. [PRMW]US10513.581,4270.6
Swift Transportation Corp. [SWFT]US6920.541,4110.6
Callon Petroleum Co. [CPE]US10613.161,3960.6
SM Energy Co. [SM]US5824.021,3950.6
Foundation Building Materials Inc. [FBM]US8715.971,3820.6
2u Inc. [TWOU]US3439.661,3520.6
Bofi Holding Inc. [BOFI]US5226.131,3460.6
Green Dot Corp. [GDOT]US4033.361,3430.6
Chemical Financial Corp. [CHFC]US2651.151,3390.6
Wingstop Inc. [WING]US4728.281,3240.6
Party City Holdco Inc. [PRTY]US9314.051,3050.6
Atlas Air Worldwide Holdings Inc. [AAWW]US2355.451,3030.6
Actuant Corp. [ATU]US4626.351,2220.5
On Deck Capital Inc. [ONDK]US2415.041,2170.5
Imperva Inc. [IMPV]US2941.051,1960.5
Installed Building Products Inc. [IBP]US2252.751,1730.5
Penn National Gaming Inc. [PENN]US6318.431,1520.5
Meta Financial Group Inc. [CASH]US1388.501,1290.5
Tristate Capital Holdings Inc. [TSC]US4823.351,1270.5
Kinsale Capital Group Inc. [KNSL]US3532.041,1230.5
Power Solutions International Inc. [PSIX]US10810.091,0890.5
Shutterstock Inc. [SSTK]US2541.351,0540.4
Aralez Pharmaceuticals Inc. [ARLZ]CA4912.141,0500.4
Elf Beauty Inc. [ELF]US3528.801,0080.4
Belmond Ltd. [BEL]BM8112.109750.4
Hudson Technologies Inc. [HDSN]US1476.609670.4
EVINE Live Inc. [EVLV]US4081.285230.2
Total225,34296.1
Cash and Other Assets Less Liabilities3.9
Total Net Assets100%

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

As of Quarter Ended 03/31/2017
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Information Technology26.425.0
Health Care23.821.8
Industrials19.815.9
Consumer Discretionary13.114.8
Financials7.65.8
Energy1.91.2
Telecommunication Services1.60.8
Consumer Staples1.03.0
Utilities0.70.8
Materials0.05.5
Real Estate0.05.2

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

As of Quarter Ended 03/31/2017
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Health Care22.213.2
Consumer Discretionary12.92.2
Financials8.73.1
Industrials6.41.8
Information Technology1.85.7
Telecommunication Services1.7-1.8
Consumer Staples1.1-0.0
Cash0.10.0
Materials0.09.5
Real Estate0.02.7
Energy-17.0-14.4
Utilities-30.41.8

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 Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Frank Russell Company.