Harbor Capital Appreciation Fund Administrative Class (HRCAX)

Portfolio Characteristics (As of Quarter Ended 12/31/2015)

 Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings62644
Weighted Avg. Market Cap ($Mil)155,742.43138,529.27
Median Market Cap ($Mil)50,151.288,814.43
Price/Book Ratio5.464.90
Adj. Trailing P/E Ratio32.3021.48
Forecasted P/E Ratio25.1917.95
Earnings Growth Rate (%)21.2716.70
Proj. Earnings Growth Rate (%)21.5214.31
Return on Equity (%)70.8930.88
Turnover (unannualized % since 10/31)6-
Beta vs. Russell 1000® Growth Index1.05-
Beta vs. Russell 3000® Index1-

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

Top Ten Holdings (As of Quarter Ended 12/31/2015)

Company Name [Ticker]% of Net Assets
Amazon.com Inc. [AMZN]5.1
Apple Inc. [AAPL]4.5
Facebook Inc. [FB]4.2
MasterCard Inc. [MA]3.3
VISA Inc. [V]3.1
Alphabet Inc. [GOOG]3.1
Alphabet Inc. [GOOGL]3.0
Nike Inc. [NKE]2.8
NetFlix Inc. [NFLX]2.6
Bristol-Myers Squibb Co. [BMY]2.2
% of Total Holdings:33.9

Full Holdings (As of Quarter Ended 12/31/2015)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Amazon.com Inc. [AMZN]US0231351062,034675.891,374,7295.1
Apple Inc. [AAPL]US03783310011,553105.261,216,0194.5
Facebook Inc. [FB]US30303M10210,871104.661,137,7874.2
MasterCard Inc. [MA]US57636Q1049,28697.36904,0753.3
VISA Inc. [V]US92826C83910,82077.55839,0563.1
Alphabet Inc. [GOOG]US02079K1071,098758.88833,5993.1
Alphabet Inc. [GOOGL]US02079K3051,045778.01813,2823.0
Nike Inc. [NKE]US65410610312,31862.50769,8912.8
NetFlix Inc. [NFLX]US64110L1066,115114.38699,3932.6
Bristol-Myers Squibb Co. [BMY]US1101221088,62268.79593,0822.2
Salesforce.com Inc. [CRM]US79466L3027,47478.40585,9612.2
Adobe Systems Inc. [ADBE]US00724F1016,12593.94575,3692.1
Tencent Holdings Ltd. [700]CNBMMV2K90329,25019.61573,4572.1
Celgene Corp. [CELG]US1510201044,674119.76559,7652.1
Starbucks Corp. [SBUX]US8552441099,30560.03558,5922.1
Walt Disney Co. [DIS]US2546871065,221105.08548,6182.0
Boeing Co. [BA]US0970231053,563144.59515,1751.9
Industria de Diseno Textil SA [ITX]ESACI08XL6814,86634.35510,7031.9
LinkedIn Corp. [LNKD]US53578A1082,192225.08493,3581.8
Alexion Pharmaceuticals Inc. [ALXN]US0153511092,554190.75487,1591.8
Shire plc ADR [SHPG]IE82481R1062,341205.00479,8661.8
Costco Wholesale Corp. [COST]US22160K1052,906161.50469,2711.7
O'reilly Automotive Inc. [ORLY]US67103H1071,829253.42463,4771.7
Kroger Co. [KR]US50104410110,76741.83450,3631.7
Priceline Group Inc. [PCLN]US7415034033481274.95443,9291.6
Abbott Laboratories [ABT]US0028241009,66944.91434,2341.6
Alibaba Group Holding Ltd. ADR [BABA]CN01609W1025,24081.27425,8721.6
Red Hat Inc. [RHT]US7565771025,03982.81417,3201.5
Regeneron Pharmaceuticals Inc. [REGN]US75886F107764542.87414,6101.5
Allergan plc [AGN]IEG0177J1081,301312.50406,5441.5
Marriott International Inc. [MAR]US5719032025,98467.04401,1391.5
Under Armour Inc. [UA]US9043111074,89580.61394,5761.5
Illumina Inc. [ILMN]US4523271092,048191.95393,1441.5
Biogen Inc. [BIIB]US09062X1031,281306.35392,3831.4
Microsoft Corp. [MSFT]US5949181046,87455.48381,3781.4
Novo Nordisk AS ADR [NVO]DK6701002056,18058.08358,9251.3
TJX Companies Inc. [TJX]US8725401094,77770.91338,7081.2
Tesla Motors Inc. [TSLA]US88160R1011,358240.01325,9561.2
American Tower Corp. [AMT]US03027X1003,19496.95309,6751.1
Workday Inc. [WDAY]US98138H1013,75579.68299,1791.1
McGraw Hill Financial Inc. [MHFI]US5806451093,02998.58298,5621.1
FleetCor Technologies Inc. [FLT]US3390411052,029142.93290,0001.1
McDonald's Corp. [MCD]US5801351012,423118.14286,2231.1
Luxottica Group SpA [LUX]IT4800659034,02865.17262,5131.0
Splunk Inc. [SPLK]US8486371044,35758.81256,2570.9
Citigroup Inc. [C]US1729674244,85851.75251,4250.9
Time Warner Inc. [TWX]US8873173033,84264.67248,4810.9
Morgan Stanley [MS]US6174464487,73331.81245,9820.9
ARM Holdings plc ADR [ARMH]GB0420681065,43145.24245,6880.9
Monster Beverage Corp. [MNST]US61174X1091,641148.96244,4340.9
NXP Semiconductors NV [NXPI]NLN6596X1092,76884.25233,1890.9
Monsanto Co. [MON]US61166W1012,28698.52225,2250.8
Concho Resources Inc. [CXO]US20605P1012,30492.86213,9100.8
Home Depot Inc. [HD]US4370761021,472132.25194,7300.7
JD.Com Inc. ADR [JD]CN47215P1065,24932.27169,3630.6
Tiffany & Co. [TIF]US8865471082,02776.29154,6430.6
Sherwin-Williams Co. [SHW]US824348106564259.60146,4420.5
Schlumberger Ltd. [SLB]US8068571081,75069.75122,0650.5
Palo Alto Networks Inc. [PANW]US697435105672176.14118,3620.4
BioMarin Pharmaceutical Inc. [BMRN]US09061G101656104.7668,7220.3
Vertex Pharmaceuticals Inc. [VRTX]US92532F100506125.8363,6160.2
Atlassian Corp. plc [TEAM]GBG0624210438130.0811,4620.0
Total26,940,91399.3
Cash and Other Assets Less Liabilities0.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2015)

As of Quarter Ended 12/31/2015
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology39.328.0
Consumer Discretionary30.021.2
Health Care17.217.1
Consumer Staples4.311.3
Financials4.15.5
Industrials1.910.8
Materials1.43.4
Energy1.20.5
Telecommunication Services0.02.1
Utilities0.00.0

Sector Returns (As of Quarter Ended 12/31/2015)

As of Quarter Ended 12/31/2015
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Materials16.49.2
Consumer Staples13.38.1
Industrials11.54.3
Health Care10.99.3
Information Technology10.58.4
Financials8.27.6
Consumer Discretionary4.45.9
Cash0.00.0
Telecommunication Services0.07.4
Utilities0.06.0
Energy-3.0-17.2

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 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.