Harbor Capital Appreciation Fund Administrative Class (HRCAX)

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

Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings58609
Weighted Avg. Market Cap ($Mil)203,762.70176,479.43
Median Market Cap ($Mil)60,962.349,465.82
Price/Book Ratio7.246.46
Adj. Trailing P/E Ratio27.1222.76
Forecasted P/E Ratio24.3620.65
Earnings Growth Rate (%)16.4212.81
Proj. Earnings Growth Rate (%)20.3813.79
Return on Equity (%)19.7022.09
Turnover (unannualized % since 10/31)26-
Beta vs. Fund Benchmark1.08-

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
Apple Inc. [AAPL]6.2
Amazon.com Inc. [AMZN]5.7
Facebook Inc. [FB]4.1
Microsoft Corp. [MSFT]3.6
VISA Inc. [V]3.2
Alibaba Group Holding Ltd. ADR [BABA]3.1
MasterCard Inc. [MA]3.0
NetFlix Inc. [NFLX]2.9
Tencent Holdings Ltd. [700]2.8
Alphabet Inc. Class C [GOOG]2.6
% of Total Holdings:37.2

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Apple Inc. [AAPL]US11,000143.661,580,2796.2
Amazon.com Inc. [AMZN]US1,634886.541,448,6295.7
Facebook Inc. [FB]US7,373142.051,047,3344.1
Microsoft Corp. [MSFT]US13,91965.86916,7223.6
VISA Inc. [V]US9,22888.87820,1133.2
Alibaba Group Holding Ltd. ADR [BABA]CN7,394107.83797,2863.1
MasterCard Inc. [MA]US6,811112.47766,0393.0
NetFlix Inc. [NFLX]US5,062147.81748,1962.9
Tencent Holdings Ltd. [700]CN25,16528.81724,9852.8
Alphabet Inc. Class C [GOOG]US810829.56671,9072.6
Alphabet Inc. Class A [GOOGL]US792847.80671,1512.6
Adobe Systems Inc. [ADBE]US5,049130.13657,0002.6
Celgene Corp. [CELG]US4,947124.43615,5182.4
Marriott International Inc. [MAR]US6,32194.18595,3012.3
Priceline Group Inc. [PCLN]US3281779.97584,5052.3
Nike Inc. [NKE]US10,26655.73572,1112.2
Allergan plc [AGN]US2,119238.92506,2152.0
Salesforce.com Inc. [CRM]US6,08682.49502,0342.0
Adidas AG [ADS]DE2,617190.23497,7552.0
NVIDIA Corp. [NVDA]US4,380108.93477,0861.9
Goldman Sachs Group Inc. [GS]US1,985229.72455,9911.8
Bristol-Myers Squibb Co. [BMY]US8,10154.38440,5231.7
Industria de Diseno Textil SA [ITX]ES11,90135.22419,0991.6
Boeing Co. [BA]US2,290176.86404,9541.6
O'reilly Automotive Inc. [ORLY]US1,485269.84400,6001.6
Charter Communications Inc. [CHTR]US1,211327.32396,2541.6
Costco Wholesale Corp. [COST]US2,338167.69392,0581.5
Broadcom Ltd. [AVGO]US1,740218.96380,9861.5
Alexion Pharmaceuticals Inc. [ALXN]US3,132121.24379,6641.5
FedEx Corp. [FDX]US1,902195.15371,1891.5
Shire plc ADR [SHPG]US2,087174.23363,6381.4
Home Depot Inc. [HD]US2,435146.83357,5931.4
Illumina Inc. [ILMN]US1,854170.64316,4441.2
Texas Instruments Inc. [TXN]US3,79580.56305,6921.2
FleetCor Technologies Inc. [FLT]US2,012151.43304,6431.2
Tesla Inc. [TSLA]US1,072278.30298,2461.2
Red Hat Inc. [RHT]US3,19286.50276,1471.1
Concho Resources Inc. [CXO]US2,066128.34265,1141.0
Parker-Hannifin Corp. [PH]US1,641160.32263,0631.0
Monster Beverage Corp. [MNST]US5,64546.17260,6101.0
Workday Inc. [WDAY]US3,12683.28260,3431.0
Time Warner Inc. [TWX]US2,58097.71252,1081.0
Activision Blizzard Inc. [ATVI]US5,04449.86251,5101.0
JPMorgan Chase & Co. [JPM]US2,80487.84246,2831.0
Splunk Inc. [SPLK]US3,86562.29240,7570.9
EOG Resources Inc. [EOG]US2,46497.55240,4120.9
Qualcomm Inc. [QCOM]US3,65457.34209,5380.8
Albemarle Corp. [ALB]US1,930105.64203,8470.8
BioMarin Pharmaceutical Inc. [BMRN]US2,04787.78179,7130.7
ULTA Salon Cosmetics & Fragrance Inc. [ULTA]US609285.23173,6800.7
Expedia Inc. [EXPE]US1,227126.17154,8710.6
Halliburton Co. [HAL]US3,04449.21149,7800.6
S&P Global Inc. [SPGI]US990130.74129,3940.5
Constellation Brands Inc. [STZ]US794162.07128,7050.5
NXP Semiconductors NV [NXPI]NL1,213103.50125,5460.5
Regeneron Pharmaceuticals Inc. [REGN]US267387.51103,6540.4
Palo Alto Networks Inc. [PANW]US880112.6899,1530.4
Snap Inc. [SNAP]US2,55722.5357,6140.2
Total25,459,58299.6
Cash and Other Assets Less Liabilities0.4
Total Net Assets100%

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

As of Quarter Ended 03/31/2017
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology47.632.7
Consumer Discretionary27.120.9
Health Care11.415.9
Industrials4.110.7
Financials3.32.8
Consumer Staples3.19.1
Energy2.60.5
Materials0.83.5
Real Estate0.02.7
Telecommunication Services0.01.0
Utilities0.00.0

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

As of Quarter Ended 03/31/2017
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Materials23.16.3
Information Technology13.613.0
Consumer Discretionary12.59.7
Industrials11.65.2
Financials4.97.2
Health Care4.28.3
Consumer Staples4.14.3
Real Estate0.05.8
Telecommunication Services0.0-5.7
Utilities0.02.0
Cash-2.10.0
Energy-5.7-9.2

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 Frank Russell Company.

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.