Harbor International Fund Administrative Class (HRINX)

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

Harbor International FundMSCI EAFE (ND) Index
Number of Holdings74929
Weighted Avg. Market Cap ($Mil)62,862.1856,275.31
Median Market Cap ($Mil)31,475.609,762.45
Price/Book Ratio2.802.00
Adj. Trailing P/E Ratio23.4017.60
Forecasted P/E Ratio20.2315.47
Earnings Growth Rate (%)2.323.33
Proj. Earnings Growth Rate (%)12.4711.74
Return on Equity (%)11.7711.13
Turnover (unannualized % since 10/31)6-
Beta vs. Fund Benchmark1-

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
Las Vegas Sands Corp. [LVS]5.9
Schlumberger Ltd. [SLB]3.5
Wynn Resorts Ltd. [WYNN]2.9
Shire plc [SHP]2.9
Bayer AG [BAYN]2.6
Fanuc Corp. [6954]2.5
Heineken NV [HEIA]2.3
Tokio Marine Holdings Inc. [8766]2.3
Novartis AG [NOVN]2.3
Vivendi SA [VIV]2.3
% of Total Holdings:29.5

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US35,50857.072,026,4655.9
Schlumberger Ltd. [SLB]US15,39678.101,202,4563.5
Wynn Resorts Ltd. [WYNN]US8,716114.61998,9882.9
Shire plc [SHP]GB17,06158.27994,0962.9
Bayer AG [BAYN]DE7,864115.21906,0092.6
Fanuc Corp. [6954]JP4,118205.87847,8192.5
Heineken NV [HEIA]NL9,26485.10788,3132.3
Tokio Marine Holdings Inc. [8766]JP18,53442.26783,3192.3
Novartis AG [NOVN]CH10,51574.26780,7852.3
Vivendi SA [VIV]FR40,24519.40780,6892.3
Reckitt Benckiser Group plc [RB.]GB7,99791.29730,0812.1
Alibaba Group Holding Ltd. ADR [BABA]CN6,637107.83715,6912.1
Essilor International SA [EI]FR5,864121.41711,9182.1
Standard Chartered plc [STAN]GB74,3379.56711,0252.1
Atlas Copco AB Class A [ATCOA]SE20,06235.25707,1602.0
Novo Nordisk AS [NOVOB]DK20,13334.34691,3302.0
Anheuser-Busch InBev SA [ABI]BE6,269109.58686,9212.0
Cie Generale des Etablissements Michelin [ML]FR5,631121.52684,2262.0
Pernod Ricard SA [RI]FR5,552118.22656,4171.9
Unibail-Rodamco SE [UL]FR2,770233.17645,9411.9
L'Oreal SA [OR]FR3,228192.34620,8811.8
Diageo plc [DGE]GB21,44928.64614,1901.8
Rolls-Royce Holdings plc [RR.]GB64,3459.45607,8731.8
Roche Holding AG [ROG]CH2,367255.73605,2451.8
Lloyds Banking Group plc [LLOY]GB725,8200.83603,6501.7
Nestlé SA [NESN]CH7,85276.75602,6901.7
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES75,9937.76589,9081.7
Allianz SE [ALV]DE3,168185.45587,4831.7
ASML Holding NV [ASML]NL4,393132.69582,8751.7
AXA SA [CS]FR22,43725.84579,6791.7
SAP SE [SAP]DE5,78398.11567,3131.6
UBS Group AG [UBSG]CH34,54215.98552,1411.6
Bancolombia SA ADR [CIB]CO13,26339.87528,7871.5
Schneider Electric SE [SU]FR7,15673.47525,7631.5
CIE Financiere Richemont SA [CFR]CH6,62979.06524,1361.5
Linde AG [LIN]DE2,992166.62498,5821.4
Teva Pharmaceutical Industries Ltd. ADR [TEVA]IL14,88432.09477,6191.4
Hoya Corp. [7741]JP9,66848.31467,0441.4
Fresenius Se & Co. KGAA [FRE]DE5,73980.36461,1371.3
LafargeHolcim Ltd. [LHN]CH7,35859.00434,1171.3
Dentsu Inc. [4324]JP7,63654.46415,8431.2
Japan Tobacco Inc. [2914]JP12,49532.55406,6721.2
Cementos Argos SA [CEMARGOS]CO83,0364.10340,8111.0
Olympus Corp. [7733]JP8,54738.60329,9001.0
Investor AB [INVE B_SEK]SE7,67942.05322,8740.9
SMC Corp. [6273]JP936296.46277,6090.8
Grupo Televisa SAB ADR [TV]MX10,55325.94273,7520.8
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO19,12213.59259,9250.8
Liberty Global plc Class A [LBTYA]GB6,39535.87229,3720.7
JCDecaux SA [DEC]FR6,30735.12221,5080.6
Land Securities Group plc [LAND]GB16,48313.28218,9130.6
Weir Group plc [WEIR]GB8,93324.06214,8800.6
Liberty Global plc Class C [LBTYK]GB5,75235.04201,5650.6
British Land Co. plc [BLND]GB25,6447.64196,0230.6
Statoil ASA [STL]NO10,93517.19187,9480.5
Grupo Argos SA [GRUPOARG]CO24,4087.04171,8350.5
Deutsche Boerse AG - Tender [DB11]DE1,72291.64157,7900.5
Erste Group Bank AG [EBS]AT4,82932.56157,2270.5
Barrick Gold Corp. [ABX]CA8,06018.99153,0630.4
Grupo Aval Acciones y Valores SA ADR [AVAL]CO14,9408.17122,0590.4
Indivior plc [INDV]GB26,5474.04107,1850.3
Great Portland Estates plc [GPOR]GB12,9128.16105,3890.3
Grupo Argos SA [PFGRUPOA]CO12,4016.6882,8180.2
Hermes International [RMS]FR130473.3861,6310.2
AMBEV SA ADR [ABEV]BR9,0415.7652,0760.2
AMBEV SA [ABEV3]BR8,8845.8351,7630.1
Fibra Uno Administracion SA de CV [FUNO 11]MX27,5881.7147,1680.1
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO3,48713.2946,3360.1
MGM China Holdings Ltd. [2282]CN10,7942.0922,5080.1
Liberty Global plc LiLAC Class C [LILAK]GB72523.0416,7130.0
Liberty Global plc LiLAC Class A [LILA]GB61322.2413,6390.0
Deutsche Boerse AG [DB1]DE9591.888,7110.0
Becle SAB de CV [CUERVO *]MX2,9311.775,1960.0
Total33,561,46497.4
Cash and Other Assets Less Liabilities2.6
Total Net Assets100%

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

As of Quarter Ended 03/31/2017
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Consumer Discretionary18.712.2
Financials17.421.3
Health Care16.310.7
Consumer Staples15.111.4
Industrials9.214.3
Materials7.57.9
Information Technology5.45.7
Energy4.05.0
Real Estate3.53.7
Telecommunication Services0.04.4
Utilities0.03.4

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

As of Quarter Ended 03/31/2017
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Information Technology18.211.7
Industrials14.59.3
Consumer Discretionary14.15.4
Financials8.77.5
Materials7.97.7
Consumer Staples7.39.1
Health Care5.98.7
Real Estate0.56.1
Telecommunication Services0.05.2
Utilities0.07.8
Cash-1.70.0
Energy-6.4-1.7

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

As of Quarter Ended 03/31/2017
CountryHarbor International Fund %MSCI EAFE (ND) Index %
United Kingdom16.118.4
France15.910.2
United States12.20.0
Japan10.223.4
Switzerland10.18.7
Germany9.29.5
Colombia4.50.0
Netherlands4.03.5
Sweden3.02.9
China2.10.0
Other12.723.4

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.