Harbor International Fund Administrative Class (HRINX)

Portfolio Characteristics (As of Quarter Ended 03/31/2014)

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings75906
Weighted Avg. Market Cap ($Mil)69,791.3565,984.30
Median Market Cap ($Mil)35,478.319,014.28
Price/Book Ratio1.931.64
Adj. Trailing P/E Ratio16.4717.44
Forecasted P/E Ratio15.0613.85
Earnings Growth Rate (%)3.572.09
Proj. Earnings Growth Rate (%)13.1511.11
Return on Equity (%)16.8111.68
Beta vs. MSCI EAFE (ND) Index1.01-

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

Top Ten Holdings (As of Quarter Ended 03/31/2014)

Company Name [Ticker]% of Net Assets
Schneider Electric SA [SU]2.9
Roche Holding AG [ROG]2.8
Banco Bilbao Vizcaya Argentaria SA [BBVA]2.7
AXA SA [CS]2.6
Novo Nordisk AS [NOVOB]2.6
Rolls-Royce Holdings plc [RR/]2.5
SAP AG [SAP]2.5
Lloyds Banking Group plc [LLOY]2.3
Anheuser-Busch InBev NV [ABI]2.3
Fanuc Corp. [6954]2.3
% of Total Holdings:25.5

Full Holdings (As of Quarter Ended 03/31/2014)

Company Name [Ticker]CountrySEDOLShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Schneider Electric SA [SU]FR483410816,46188.631,458,8402.9
Roche Holding AG [ROG]CH71103884,663300.761,402,4252.8
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES5501906114,73612.021,379,6052.7
AXA SA [CS]FR708842950,25425.981,305,5372.6
Novo Nordisk AS [NOVOB]DKBHC8X9028,58945.531,301,7282.6
Rolls-Royce Holdings plc [RR/]GBB63H84971,34317.901,277,1432.5
SAP AG [SAP]DE484628815,49581.121,256,8612.5
Lloyds Banking Group plc [LLOY]GB0870612943,7941.251,180,7052.3
Anheuser-Busch InBev NV [ABI]BE475531711,015105.321,160,0502.3
Fanuc Corp. [6954]JP63569346,532176.791,154,8582.3
Diageo plc [DGE]GB023740036,98231.061,148,6222.3
Novartis AG [NOVN]CH710306513,51884.911,147,7582.3
Allianz SE [ALV]DE52314856,365169.021,075,8532.1
CIE Financiere Richemont SA [CFR]CHBCRWZ1810,52295.541,005,2282.0
Daimler AG [DAI]DE552902710,50894.60994,0792.0
Linde AG [LIN]DE57408174,802200.23961,4101.9
BG Group plc [BG/]GB087628950,15018.67936,2701.8
Atlas Copco AB [ATCO A_SEK]SEB1QGR4131,73228.87916,0561.8
Pernod Ricard SA [RI]FR46823297,648116.38889,9981.8
Nestle SA [NESN]CH712387011,79075.27887,4591.7
SMC Corp. [6273]JP67639653,198263.73843,5501.7
Freeport-McMoRan Copper & Gold Inc. [FCX]US235211825,24333.07834,7731.6
Compagnie de Saint-Gobain [SGO]FR738048213,47960.37813,7651.6
ABB Ltd. [ABBN]CH710889931,14825.83804,5921.6
UBS AG [UBSN]CHB18YFJ438,66320.69800,0731.6
Volvo AB [VOLV B_SEK]SEB1QH83049,96215.90794,2081.6
CRH plc [CRH]IE018270428,04928.00785,3911.5
Japan Tobacco Inc. [2914]JP647453524,92731.39782,3941.5
Unibail-Rodamco SE [UL]FR70762422,980259.53773,4991.5
Intesa Sanpaolo SpA [ISP]IT4076836224,9173.39763,1861.5
Banco Santander SA [SAN]ES570594679,3549.55757,5281.5
Syngenta AG [SYNN]CH43566461,988379.62754,5751.5
Heineken NV [HEIA]NL779255910,73469.59746,9651.5
Investor AB [INVE B_SEK]SE567959120,60236.22746,2631.5
L'Oreal SA [OR]FR40578084,446164.98733,5311.4
Holcim Ltd. [HOLN]CH71107538,82482.88731,3251.4
Danone [BN]FRB1Y9TB39,93570.65701,8751.4
Cheung Kong Holdings Ltd. [1]HK619027338,94416.61647,0451.3
Toyota Motor Corp. [7203]JP690064311,31156.39637,8651.3
United Overseas Bank Ltd. [U11]SG691678135,23717.25607,8161.2
Essilor International SA [EI]FR72124776,003100.92605,8601.2
Erste Group Bank AG [EBS]AT528983717,30834.21592,0931.2
Legrand SA [LR]FRB11ZRK99,16462.12569,2881.1
Glencore Xstrata plc [GLEN]GBB4T3BW6104,8675.16540,9321.1
Banco Bradesco SA [BBDC4]BRB00FM5337,47413.75515,1271.0
Accor SA [AC]FR58528429,31051.18476,4670.9
Pearson plc [PSON]GB067760826,70117.75474,0430.9
Itau Unibanco Holding SA ADR [ITUB]BR284973931,37214.86466,1880.9
Royal Dutch Shell plc [RDSA]NLB09CBL412,04336.54440,0390.9
Fresenius Se & Co. KGAA [FRE]DE43520972,795156.97438,7670.9
Reckitt Benckiser Group plc [RB]GBB24CGK75,36681.60437,8610.9
Dentsu Inc. [4324]JP641628111,18637.87423,5800.8
Sandvik AB [SAND_SEK]SEB1VQ25229,52914.14417,6570.8
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW211338220,12620.02402,9200.8
Genting Bhd [GENTING]MYB1VXJL8130,3813.07399,8930.8
JC Decaux SA [DEC]FR71366638,44643.77369,6550.7
Pirelli & C. SpA [PC]IT468980321,81915.73343,2350.7
LVMH Moet Hennessy Louis Vuitton SA [MC]FR40614121,813181.21328,4690.6
Potash Corp. of Saskatchewan Inc. [POT]CA26963778,71836.22315,7590.6
Air Liquide SA [AI]FRB1YXBJ72,330135.42315,5580.6
Fresenius Medical Care AG & Co. KGAA [FME]DE51290744,36769.97305,5440.6
Komatsu Ltd. [6301]JP649658412,77620.96267,8540.5
Tokio Marine Holdings Inc. [8766]JP65131268,29529.99248,7730.5
Anglo American plc [AAL]GBB1XZS829,10825.55232,7550.5
Barrick Gold Corp. [ABX]CA202467711,09317.83197,7900.4
Royal Dutch Shell plc ADR [RDS/A]NLB03MM622,68573.06196,1980.4
Sime Darby Berhad [SIME]MYB29TTR157,9182.85165,2380.3
Potash Corp. of Saskatchewan Inc. [POT]CA26969804,20036.17151,9430.3
LIXIL Group Corp. [5938]JP69002125,45427.59150,5040.3
Hang Lung Properties Ltd. [101]HK603050647,8232.88137,6620.3
Anglo American plc ADR [AAUKY]GBB1ZBZN28,69812.74110,8160.2
DBS Group Holdings Ltd. [D05]SG61752037,75412.8899,9080.2
Genting Bhd [GENTING-WA]MYBHCM8V930,6340.8927,2050.1
Banco Bilbao Vizcaya Argentaria SA [BBV.D]ESBL25BZ1114,7360.2427,0290.1
Mitsubishi Estate Co. Ltd. [8802]JP659672989123.7521,1570.0
Total49,114,47197.0
Cash and Other Assets Less Liabilities3.0
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2014)

As of Quarter Ended 03/31/2014
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Financials23.925.6
Industrials19.012.9
Consumer Staples14.711.0
Materials11.78.1
Consumer Discretionary10.811.8
Health Care10.210.4
Information Technology3.34.5
Energy3.16.9
Utilities0.03.8
Telecommunication Services0.05.0

Sector Returns (As of Quarter Ended 03/31/2014)

As of Quarter Ended 03/31/2014
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Health Care10.56.1
Financials2.6-0.3
Industrials1.60.6
Materials1.11.0
Telecommunication Services0.0-2.0
Utilities0.07.1
Cash-0.00.0
Information Technology-0.2-0.3
Consumer Staples-1.30.7
Consumer Discretionary-2.4-1.9
Energy-6.31.7

Country Allocation (As of Quarter Ended 03/31/2014)

As of Quarter Ended 03/31/2014
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France18.49.8
Switzerland14.89.2
United Kingdom12.521.9
Germany9.99.4
Japan8.919.7
Sweden5.73.3
Spain4.33.5
Netherlands2.73.2
Denmark2.61.4
Belgium2.31.2
Other17.917.4

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 EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.