Harbor Capital Appreciation Fund Administrative Class (HRCAX)

Portfolio Characteristics (As of Quarter Ended 06/30/2016)

 Harbor Capital Appreciation FundRussell 1000® Growth Index
Number of Holdings60600
Weighted Avg. Market Cap ($Mil)149,422.83132,958.73
Median Market Cap ($Mil)50,706.188,891.17
Price/Book Ratio5.905.45
Adj. Trailing P/E Ratio28.4521.38
Forecasted P/E Ratio22.7218.30
Earnings Growth Rate (%)13.3012.86
Proj. Earnings Growth Rate (%)20.4113.87
Return on Equity (%)15.7619.18
Turnover (unannualized % since 10/31)21-
Beta vs. Russell 1000® Growth Index1.12-
Beta vs. Russell 3000® Index1.10-

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

Top Ten Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]% of Net Assets
Amazon.com Inc. [AMZN]6.1
Facebook Inc. [FB]4.3
Apple Inc. [AAPL]4.0
VISA Inc. [V]3.5
Tencent Holdings Ltd. [700]2.8
MasterCard Inc. [MA]2.7
Bristol-Myers Squibb Co. [BMY]2.7
Salesforce.com Inc. [CRM]2.4
Industria de Diseno Textil SA [ITX]2.4
Adobe Systems Inc. [ADBE]2.4
% of Total Holdings:33.3

Full Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Amazon.com Inc. [AMZN]US0231351062,089715.621,494,6616.1
Facebook Inc. [FB]US30303M1029,351114.281,068,6364.3
Apple Inc. [AAPL]US03783310010,29095.60983,7354.0
VISA Inc. [V]US92826C83911,65474.17864,3903.5
Tencent Holdings Ltd. [700]CNBMMV2K90330,39522.97698,0402.8
MasterCard Inc. [MA]US57636Q1047,54588.06664,4052.7
Bristol-Myers Squibb Co. [BMY]US1101221088,88473.55653,4202.7
Salesforce.com Inc. [CRM]US79466L3027,47479.41593,5092.4
Industria de Diseno Textil SA [ITX]ESACI08XL6817,63733.59592,4812.4
Adobe Systems Inc. [ADBE]US00724F1016,12595.79586,7002.4
Alphabet Inc. Class A [GOOGL]US02079K305801703.53563,5842.3
Alphabet Inc. Class C [GOOG]US02079K107814692.10563,5752.3
Microsoft Corp. [MSFT]US59491810410,84551.17554,9462.3
O'reilly Automotive Inc. [ORLY]US67103H1071,922271.10521,1192.1
Nike Inc. [NKE]US6541061039,28555.20512,5422.1
Celgene Corp. [CELG]US1510201045,14998.63507,8472.1
Shire plc ADR [SHPG]IE82481R1062,704184.08497,6942.0
Alibaba Group Holding Ltd. ADR [BABA]CN01609W1026,18979.53492,2252.0
Allergan plc [AGN]USG0177J1082,062231.09476,4761.9
NetFlix Inc. [NFLX]US64110L1064,98091.48455,5971.8
Priceline Group Inc. [PCLN]US7415034033571248.41445,4031.8
Walt Disney Co. [DIS]US2546871064,46297.82436,4251.8
Marriott International Inc. [MAR]US5719032026,28866.46417,8781.7
Starbucks Corp. [SBUX]US8552441097,12057.12406,7211.7
Costco Wholesale Corp. [COST]US22160K1052,576157.04404,4921.6
Red Hat Inc. [RHT]US7565771025,52472.60401,0221.6
Home Depot Inc. [HD]US4370761023,103127.69396,1651.6
Boeing Co. [BA]US0970231052,991129.87388,4541.6
Novo Nordisk AS ADR [NVO]DK6701002057,21253.78387,8781.6
TJX Companies Inc. [TJX]US8725401094,83577.23373,4351.5
Monster Beverage Corp. [MNST]US61174X1092,277160.71365,9051.5
American Tower Corp. [AMT]US03027X1003,194113.61362,8901.5
S&P Global Inc. [SPGI]US78409V1043,029107.26324,8501.3
Concho Resources Inc. [CXO]US20605P1012,708119.27323,0381.3
Kroger Co. [KR]US5010441018,66336.79318,7021.3
Regeneron Pharmaceuticals Inc. [REGN]US75886F107860349.23300,4761.2
Alexion Pharmaceuticals Inc. [ALXN]US0153511092,554116.76298,1951.2
McDonald's Corp. [MCD]US5801351012,436120.34293,1541.2
FleetCor Technologies Inc. [FLT]US3390411052,029143.13290,4051.2
Time Warner Inc. [TWX]US8873173033,84273.54282,5621.1
Workday Inc. [WDAY]US98138H1013,77374.67281,6941.1
NXP Semiconductors NV [NXPI]NLN6596X1093,54578.34277,7271.1
Tesla Motors Inc. [TSLA]US88160R1011,136212.28241,1541.0
Splunk Inc. [SPLK]US8486371044,35754.18236,0821.0
NVIDIA Corp. [NVDA]US67066G1044,46447.01209,8500.9
Illumina Inc. [ILMN]US4523271091,478140.38207,5360.8
Adidas AG [ADS]DE4031979081,402143.55201,2990.8
Lululemon Athletica Inc. [LULU]CA5500211092,62773.86194,0640.8
Palo Alto Networks Inc. [PANW]US6974351051,460122.64179,0320.7
Qualcomm Inc. [QCOM]US7475251033,23453.57173,2410.7
Biogen Inc. [BIIB]US09062X103704241.82170,2100.7
Constellation Brands Inc. [STZ]US21036P108999165.40165,2910.7
General Electric Co. [GE]US3696041034,77831.48150,4170.6
Morgan Stanley [MS]US6174464485,69025.98147,8340.6
Schlumberger Ltd. [SLB]US8068571081,66679.08131,7340.5
BioMarin Pharmaceutical Inc. [BMRN]US09061G1011,50877.80117,3200.5
Vertex Pharmaceuticals Inc. [VRTX]US92532F1001,09486.0294,0930.4
Halliburton Co. [HAL]US4062161011,97845.2989,5910.4
Albemarle Corp. [ALB]US01265310158179.3146,0890.2
Atlassian Corp. plc [TEAM]AUG0624210438125.909,8690.0
Total23,887,75997.0
Cash and Other Assets Less Liabilities3.0
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Economic SectorHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Information Technology39.329.3
Consumer Discretionary29.520.9
Health Care15.117.3
Consumer Staples5.110.6
Financials3.45.7
Energy2.20.6
Industrials2.210.6
Materials0.23.6
Utilities0.00.1
Telecommunication Services0.01.3

Sector Returns (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor Capital Appreciation Fund %Russell 1000® Growth Index %
Materials18.82.5
Energy15.020.2
Financials9.44.1
Consumer Staples4.63.8
Industrials2.50.6
Telecommunication Services0.05.5
Utilities0.04.7
Consumer Discretionary-1.3-0.2
Cash-1.50.0
Information Technology-2.8-3.5
Health Care-3.24.0

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.