Harbor Capital Appreciation Fund Administrative Class (HRCAX)

Portfolio Characteristics (As of Quarter Ended 03/31/2016)

 Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings61635
Weighted Avg. Market Cap ($Mil)157,841.83140,393.80
Median Market Cap ($Mil)48,019.808,961.13
Price/Book Ratio6.135.28
Adj. Trailing P/E Ratio29.0319.96
Forecasted P/E Ratio23.6917.88
Earnings Growth Rate (%)13.1213.25
Proj. Earnings Growth Rate (%)20.6713.53
Return on Equity (%)15.9818.68
Turnover (unannualized % since 10/31)12-
Beta vs. Russell 1000® Growth Index1.11-
Beta vs. Russell 3000® Index1.09-

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

Top Ten Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]% of Net Assets
Amazon.com Inc. [AMZN]5.0
Facebook Inc. [FB]4.8
Apple Inc. [AAPL]4.6
VISA Inc. [V]3.4
MasterCard Inc. [MA]3.2
Alphabet Inc. [GOOG]3.2
Alphabet Inc. [GOOGL]3.1
Nike Inc. [NKE]2.9
Tencent Holdings Ltd. [700]2.4
Microsoft Corp. [MSFT]2.3
% of Total Holdings:34.9

Full Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Amazon.com Inc. [AMZN]US0231351062,179593.641,293,7785.0
Facebook Inc. [FB]US30303M10210,871114.101,240,4124.8
Apple Inc. [AAPL]US03783310010,824108.991,179,7134.6
VISA Inc. [V]US92826C83911,65476.48891,3123.4
MasterCard Inc. [MA]US57636Q1048,75994.50827,7723.2
Alphabet Inc. [GOOG]US02079K1071,098744.95818,2973.2
Alphabet Inc. [GOOGL]US02079K3051,045762.90797,4873.1
Nike Inc. [NKE]US65410610312,31861.47757,2032.9
Tencent Holdings Ltd. [700]CNBMMV2K90330,04620.46614,6672.4
Microsoft Corp. [MSFT]US59491810410,80155.23596,5202.3
Industria de Diseno Textil SA [ITX]ESACI08XL6817,63733.52591,1702.3
Adobe Systems Inc. [ADBE]US00724F1016,12593.80574,5122.2
NetFlix Inc. [NFLX]US64110L1065,605102.23573,0332.2
Salesforce.com Inc. [CRM]US79466L3027,47473.83551,8042.1
O'reilly Automotive Inc. [ORLY]US67103H1071,936273.66529,8972.1
Bristol-Myers Squibb Co. [BMY]US1101221088,16563.88521,5832.0
Celgene Corp. [CELG]US1510201045,149100.09515,3642.0
Starbucks Corp. [SBUX]US8552441098,53859.70509,7032.0
Costco Wholesale Corp. [COST]US22160K1053,028157.58477,1561.8
Walt Disney Co. [DIS]US2546871064,71299.31467,9951.8
Marriott International Inc. [MAR]US5719032026,28871.18447,5561.7
Kroger Co. [KR]US50104410111,19738.25428,2721.7
Under Armour Inc. [UA]US9043111074,89584.83415,2321.6
Red Hat Inc. [RHT]US7565771025,52474.51411,5721.6
Abbott Laboratories [ABT]US0028241009,66941.83404,4531.6
Shire plc ADR [SHPG]IE82481R1062,341171.90402,3851.6
TJX Companies Inc. [TJX]US8725401095,08578.35398,3971.5
Alibaba Group Holding Ltd. ADR [BABA]CN01609W1025,02779.03397,3141.5
Boeing Co. [BA]US0970231053,091126.94392,4341.5
McDonald's Corp. [MCD]US5801351013,035125.68381,4621.5
Priceline Group Inc. [PCLN]US7415034032931288.96377,8211.5
Alexion Pharmaceuticals Inc. [ALXN]US0153511092,554139.22355,5551.4
Allergan plc [AGN]USG0177J1081,301268.03348,6911.3
Novo Nordisk AS ADR [NVO]DK6701002056,18054.19334,8851.3
Biogen Inc. [BIIB]US09062X1031,281260.32333,4261.3
Illumina Inc. [ILMN]US4523271092,048162.11332,0351.3
American Tower Corp. [AMT]US03027X1003,194102.37326,9871.3
Tesla Motors Inc. [TSLA]US88160R1011,422229.77326,6361.3
Home Depot Inc. [HD]US4370761022,392133.43319,1221.2
Regeneron Pharmaceuticals Inc. [REGN]US75886F107860360.44310,1211.2
FleetCor Technologies Inc. [FLT]US3390411052,029148.75301,8081.2
McGraw Hill Financial Inc. [MHFI]US5806451093,02998.98299,7731.2
Workday Inc. [WDAY]US98138H1013,77376.84289,8801.1
Time Warner Inc. [TWX]US8873173033,84272.55278,7591.1
Concho Resources Inc. [CXO]US20605P1012,708101.04273,6631.1
Monster Beverage Corp. [MNST]US61174X1092,037133.38271,7051.1
NXP Semiconductors NV [NXPI]NLN6596X1093,23881.07262,5001.0
Luxottica Group SpA [LUX]IT4800659034,02855.09221,9180.9
Splunk Inc. [SPLK]US8486371044,35748.93213,2060.8
Monsanto Co. [MON]US61166W1012,28687.74200,5810.8
Palo Alto Networks Inc. [PANW]US6974351051,224163.14199,7040.8
L Brands Inc. [LB]US5017971041,87887.81164,8890.6
Morgan Stanley [MS]US6174464485,69025.01142,3140.6
Tiffany & Co. [TIF]US8865471081,90273.38139,5460.5
JD.Com Inc. ADR [JD]CN47215P1065,24926.50139,1020.5
Schlumberger Ltd. [SLB]US8068571081,75073.75129,0650.5
General Electric Co. [GE]US3696041034,04431.79128,5640.5
BioMarin Pharmaceutical Inc. [BMRN]US09061G1011,50882.48124,3780.5
Constellation Brands Inc. [STZ]US21036P108510151.0977,0040.3
Atlassian Corp. plc [TEAM]GBG0624210438125.159,5830.0
Total25,641,67699.4
Cash and Other Assets Less Liabilities0.6
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology39.428.2
Consumer Discretionary32.221.3
Health Care15.415.6
Consumer Staples4.911.7
Financials3.05.6
Industrials2.011.1
Energy1.60.5
Materials0.83.5
Utilities0.00.1
Telecommunication Services0.02.4

Sector Returns (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Energy8.3-8.0
Cash0.10.0
Telecommunication Services0.016.7
Utilities0.010.6
Consumer Discretionary-2.71.4
Information Technology-2.81.5
Financials-3.71.2
Consumer Staples-6.35.7
Industrials-9.24.5
Materials-9.82.5
Health Care-16.1-9.0

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.