Harbor Capital Appreciation Fund Administrative Class (HRCAX)

Portfolio Characteristics (As of Quarter Ended 06/30/2015)

 Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings67644
Weighted Avg. Market Cap ($Mil)129,132.04130,451.00
Median Market Cap ($Mil)39,824.189,255.45
Price/Book Ratio6.215.37
Adj. Trailing P/E Ratio33.5422.55
Forecasted P/E Ratio25.4918.49
Earnings Growth Rate (%)25.4619.59
Proj. Earnings Growth Rate (%)21.3714.46
Return on Equity (%)48.7727.05
Turnover (unannualized % since 10/31)23-
Beta vs. Russell 1000® Growth Index1.07-
Beta vs. Russell 3000® Index0.99-

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

Top Ten Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]% of Net Assets
Apple Inc. [AAPL]6.1
Facebook Inc. [FB]3.7
Amazon.com Inc. [AMZN]3.5
MasterCard Inc. [MA]3.4
Nike Inc. [NKE]2.6
VISA Inc. [V]2.6
Biogen Inc. [BIIB]2.5
NetFlix Inc. [NFLX]2.4
Walt Disney Co. [DIS]2.3
Allergan plc [AGN]2.2
% of Total Holdings:31.3

Full Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Apple Inc. [AAPL]US03783310012,720125.431,595,3856.1
Facebook Inc. [FB]US30303M10211,17885.77958,6883.7
Amazon.com Inc. [AMZN]US0231351062,109434.09915,3783.5
MasterCard Inc. [MA]US57636Q1049,64193.48901,2863.4
Nike Inc. [NKE]US6541061036,333108.02684,0852.6
VISA Inc. [V]US92826C83910,06167.15675,5782.6
Biogen Inc. [BIIB]US09062X1031,635403.94660,2632.5
NetFlix Inc. [NFLX]US64110L106955656.94627,4412.4
Walt Disney Co. [DIS]US2546871065,368114.14612,7382.3
Allergan plc [AGN]IEG0177J1081,942303.46589,3732.2
Bristol-Myers Squibb Co. [BMY]US1101221088,76266.54582,9932.2
Starbucks Corp. [SBUX]US85524410910,17253.62545,3802.1
Salesforce.com Inc. [CRM]US79466L3027,04969.63490,8161.9
Adobe Systems Inc. [ADBE]US00724F1015,81581.01471,0911.8
Illumina Inc. [ILMN]US4523271092,153218.36470,0971.8
Abbott Laboratories [ABT]US0028241009,36149.08459,4541.8
Shire plc ADR [SHPG]IE82481R1061,902241.49459,2991.8
Novo Nordisk AS ADR [NVO]DK6701002058,33854.76456,6041.7
Tencent Holdings Ltd. [700]CNBMMV2K90322,66520.01453,5071.7
Inditex SA [ITX]ESACI08XL6813,54832.62441,9101.7
Boeing Co. [BA]US0970231053,163138.72438,8281.7
Priceline Group Inc. [PCLN]US7415034033721151.37428,4241.6
Tesla Motors Inc. [TSLA]US88160R1011,575268.26422,6291.6
LinkedIn Corp. [LNKD]US53578A1082,021206.63417,5991.6
Google Inc. Class C [GOOG]US38259P706784520.51407,8461.6
Celgene Corp. [CELG]US1510201043,330115.74385,4531.5
Costco Wholesale Corp. [COST]US22160K1052,846135.06384,3191.5
Marriott International Inc. [MAR]US5719032025,15874.39383,7001.5
Red Hat Inc. [RHT]US7565771024,99675.93379,3251.4
Gilead Sciences Inc. [GILD]US3755581033,189117.08373,4071.4
Alexion Pharmaceuticals Inc. [ALXN]US0153511092,060180.77372,4081.4
Google Inc. Class A [GOOGL]US38259P508684540.04369,1291.4
Monsanto Co. [MON]US61166W1013,188106.59339,7561.3
O'reilly Automotive Inc. [ORLY]US67103H1071,501225.98339,2431.3
Under Armour Inc. [UA]US9043111074,06083.44338,7691.3
FleetCor Technologies Inc. [FLT]US3390411052,086156.06325,5761.2
Regeneron Pharmaceuticals Inc. [REGN]US75886F107606510.13309,2801.2
Concho Resources Inc. [CXO]US20605P1012,637113.86300,2201.1
JD.Com Inc. ADR [JD]CN47215P1068,65534.10295,1371.1
American Tower Corp. [AMT]US03027X1003,13693.29292,5581.1
Alibaba Group Holding Ltd. ADR [BABA]CN01609W1023,45482.27284,1881.1
Morgan Stanley [MS]US6174464487,29438.79282,9281.1
Splunk Inc. [SPLK]US8486371044,06169.62282,6921.1
Workday Inc. [WDAY]US98138H1013,63376.39277,4911.1
ARM Holdings plc ADR [ARMH]GB0420681065,58449.27275,1261.0
Luxottica Group SpA [LUX]IT4800659034,12566.52274,3621.0
Kroger Co. [KR]US5010441013,71572.51269,3631.0
TJX Cos. Inc. [TJX]US8725401094,06166.17268,7351.0
Time Warner Inc. [TWX]US8873173033,06687.41268,0391.0
Schlumberger Ltd. [SLB]US8068571082,99786.19258,3471.0
Chipotle Mexican Grill Inc. [CMG]US169656105422604.99255,1481.0
McGraw Hill Financial Inc. [MHFI]US5806451092,523100.45253,4461.0
Canadian Pacific Railway Ltd. [CP]CA13645T1001,560160.23249,8901.0
Dollar General Corp. [DG]US2566771053,16477.74245,9870.9
EOG Resources Inc. [EOG]US26875P1012,68387.55234,9400.9
NXP Semiconductors NV [NXPI]NLN6596X1092,34798.20230,5060.9
Sherwin-Williams Co. [SHW]US824348106757275.02208,1240.8
Vertex Pharmaceuticals Inc. [VRTX]US92532F1001,668123.48205,9690.8
FireEye Inc. [FEYE]US31816Q1013,65248.91178,6230.7
VMware Inc. [VMW]US9285634021,99285.74170,8160.7
Twitter Inc. [TWTR]US90184L1024,14036.22149,9370.6
Tiffany & Co. [TIF]US8865471081,58291.80145,1860.6
TripAdvisor Inc. [TRIP]US8969452011,52587.14132,9180.5
Monster Beverage Corp. [MNST]US61174X109985134.02132,0540.5
Incyte Corp. [INCY]US45337C102862104.2189,8080.3
Vipshop Holdings Ltd. ADR [VIPS]KY92763W1032,17422.2548,3600.2
Fitbit Inc. [FIT]US33812L10218238.236,9680.0
Total26,034,92399.4
Cash and Other Assets Less Liabilities0.6
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology35.527.0
Consumer Discretionary29.321.1
Health Care20.718.3
Financials3.25.4
Energy3.01.0
Consumer Staples3.010.5
Industrials2.611.1
Materials2.13.9
Telecommunication Services0.01.8
Utilities0.00.1

Sector Returns (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Consumer Discretionary8.83.0
Health Care4.64.0
Financials2.1-2.3
Information Technology0.90.3
Telecommunication Services0.0-3.1
Utilities0.0-9.3
Energy-0.80.1
Cash-1.10.0
Materials-3.7-0.5
Consumer Staples-6.9-2.0
Industrials-9.6-5.1

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 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Russell Investments.

The S&P 500 Index is an unmanaged index generally representative of the U.S. stock market. This unmanaged index does not reflect fees and expenses and is not available for direct investment.