Harbor International Fund Administrative Class (HRINX)

Portfolio Characteristics (As of Quarter Ended 12/31/2016)

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings71930
Weighted Avg. Market Cap ($Mil)61,014.2354,015.51
Median Market Cap ($Mil)30,804.188,868.41
Price/Book Ratio2.771.97
Adj. Trailing P/E Ratio20.9517.86
Forecasted P/E Ratio19.4415.27
Earnings Growth Rate (%)6.674.91
Proj. Earnings Growth Rate (%)8.169.79
Return on Equity (%)13.6911.58
Turnover (unannualized % since 10/31)2-
Beta vs. MSCI EAFE (ND) Index1.01-

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

Top Ten Holdings (As of Quarter Ended 12/31/2016)

Company Name [Ticker]% of Net Assets
Las Vegas Sands Corp. [LVS]5.7
Schlumberger Ltd. [SLB]4.2
Shire plc [SHP]2.9
Novartis AG [NOVN]2.6
Wynn Resorts Ltd. [WYNN]2.6
Tokio Marine Holdings Inc. [8766]2.6
Essilor International SA [EI]2.5
Novo Nordisk AS [NOVOB]2.5
Bayer AG [BAYN]2.4
Anheuser-Busch InBev SA [ABI]2.3
% of Total Holdings:30.3

Full Holdings (As of Quarter Ended 12/31/2016)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US36,76853.411,963,8055.7
Schlumberger Ltd. [SLB]US17,18183.951,442,3584.2
Shire plc [SHP]GB17,79357.101,015,9802.9
Novartis AG [NOVN]CH12,50272.72909,1542.6
Wynn Resorts Ltd. [WYNN]US10,48486.51906,9882.6
Tokio Marine Holdings Inc. [8766]JP21,62740.94885,4922.6
Essilor International SA [EI]FR7,756112.83875,1232.5
Novo Nordisk AS [NOVOB]DK24,21835.87868,7442.5
Bayer AG [BAYN]DE7,984104.18831,7852.4
Anheuser-Busch InBev SA [ABI]BE7,541105.84798,1702.3
Unibail-Rodamco SE [UL]FR3,332238.30794,1202.3
Heineken NV [HEIA]NL10,56974.94792,0352.3
Cie Generale des Etablissements Michelin [ML]FR6,773111.16752,9022.2
Nestlé SA [NESN]CH10,37571.64743,2152.2
Alibaba Group Holding Ltd. ADR [BABA]CN8,26387.81725,5632.1
Pernod Ricard SA [RI]FR6,679108.22722,8202.1
Atlas Copco AB [ATCOA]SE23,59530.34715,7942.1
L'Oreal SA [OR]FR3,883182.27707,7562.0
Linde AG [LIN]DE4,268164.04700,0452.0
Standard Chartered plc [STAN]GB84,9108.15692,4332.0
AXA SA [CS]FR26,67725.21672,4961.9
Lloyds Banking Group plc [LLOY]GB873,1010.77670,4341.9
Fanuc Corp. [6954]JP3,944167.29659,7761.9
UBS Group AG [UBSG]CH41,55115.64649,6721.9
Roche Holding AG [ROG]CH2,847227.95648,9681.9
Diageo plc [DGE]GB24,85325.95644,9251.9
Vivendi SA [VIV]FR33,49318.97635,2521.8
Rolls-Royce Holdings plc [RR.]GB76,8358.21631,0871.8
Allianz SE [ALV]DE3,811165.04628,9211.8
Reckitt Benckiser Group plc [RB.]GB7,41784.71628,2741.8
SAP SE [SAP]DE6,95686.51601,7211.7
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES89,2476.74601,4281.7
ASML Holding NV [ASML]NL5,223112.07585,3171.7
Schneider Electric SE [SU]FR8,29069.47575,8961.7
Fresenius Se & Co. KGAA [FRE]DE7,32478.01571,3351.7
CIE Financiere Richemont SA [CFR]CH7,97566.09527,0471.5
Bancolombia SA ADR [CIB]CO13,26336.68486,4791.4
Japan Tobacco Inc. [2914]JP14,23832.82467,3491.4
LafargeHolcim Ltd. [LHN]CH8,85152.49464,6101.3
Dentsu Inc. [4324]JP9,05447.02425,7491.2
Hoya Corp. [7741]JP9,73641.93408,2251.2
Erste Group Bank AG [EBS]AT13,54529.24396,0061.1
Investor AB [INVE B_SEK]SE10,56537.26393,6651.1
Cementos Argos SA [CEMARGOS]CO79,3393.95313,4440.9
SMC Corp. [6273]JP1,126237.92268,0220.8
Weir Group plc [WEIR]GB9,41823.24218,8660.6
JCDecaux SA [DEC]FR7,40729.40217,7840.6
Land Securities Group plc [LAND]GB16,53713.14217,2520.6
British Land Co. plc [BLND]GB25,9447.76201,3420.6
Liberty Global plc Class A [LBTYA]GB6,47030.59197,9030.6
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO15,54012.72197,7460.6
Liberty Global plc Class C [LBTYK]GB5,82029.70172,8500.5
Barrick Gold Corp. [ABX]CA9,68815.98154,8190.4
Indivior plc [INDV]GB41,6383.64151,7130.4
Freeport-McMoRan Inc. [FCX]US9,97913.19131,6200.4
Grupo Argos SA [GRUPOARG]CO19,2066.42123,3450.4
Statoil ASA [STL]NO6,63618.25121,1090.4
Olympus Corp. [7733]JP3,29534.45113,5180.3
Great Portland Estates plc [GPOR]GB13,0068.21106,8450.3
Grupo Aval Acciones y Valores SA ADR [AVAL]CO9,6787.9476,8400.2
Grupo Argos SA [PFGRUPOA]CO12,4016.0474,9350.2
Grupo Televisa SAB ADR [TV]MX3,03620.8963,4300.2
Hermes International SA [RMS]FR148410.2260,5600.2
AMBEV SA [ABEV3]BR9,2045.0346,2930.1
AMBEV SA ADR [ABEV]BR9,3674.9145,9900.1
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO3,48712.3342,9820.1
MGM China Holdings Ltd. [2282]CN11,3052.0723,3520.1
Liberty Global plc LiLAC Class C [LILAK]GB73421.1715,5370.0
Liberty Global plc LiLAC Class A [LILA]GB62021.9613,6250.0
Genting Bhd [GENTING-WA]MY30,6340.319,4920.0
Rolls-Royce Holdings plcGB3,683,0560.004,5390.0
Total34,204,66798.5
Cash and Other Assets Less Liabilities1.5
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Financials18.521.2
Health Care18.510.6
Consumer Discretionary17.312.5
Consumer Staples16.211.2
Industrials8.914.0
Materials5.77.9
Information Technology5.55.5
Energy4.55.5
Real Estate3.83.7
Telecommunication Services0.04.5
Utilities0.03.4

Sector Returns (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Energy7.810.4
Financials7.09.5
Materials0.63.4
Telecommunication Services0.0-6.8
Utilities0.0-7.2
Cash-0.00.0
Industrials-3.2-1.8
Consumer Discretionary-4.71.6
Health Care-7.2-7.8
Information Technology-7.6-3.2
Real Estate-8.2-7.3
Consumer Staples-11.3-10.2

Country Allocation (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France17.410.2
United Kingdom16.218.8
United States12.90.0
Switzerland11.48.7
Germany9.69.3
Japan9.324.1
Netherlands4.03.3
Colombia3.80.0
Sweden3.22.8
Denmark2.51.6
Other9.721.2

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.