Harbor Large Cap Value Fund Administrative Class (HRLVX)

Portfolio Characteristics (As of Quarter Ended 09/30/2016)

 Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings42687
Weighted Avg. Market Cap ($Mil)71,176.11111,482.85
Median Market Cap ($Mil)44,741.297,879.66
Price/Book Ratio2.822.18
Adj. Trailing P/E Ratio18.2117.38
Forecasted P/E Ratio17.2316.34
Earnings Growth Rate (%)6.695.01
Proj. Earnings Growth Rate (%)9.347.48
Return on Equity (%)14.2710.24
Turnover (unannualized % since 10/31)32-
Beta vs. Russell 1000® Value Index1.03-
Beta vs. Russell 3000® Index1.01-

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

Top Ten Holdings (As of Quarter Ended 09/30/2016)

Company Name [Ticker]% of Net Assets
Medtronic plc [MDT]3.4
Home Depot Inc. [HD]3.4
Baxter International Inc. [BAX]3.3
Adobe Systems Inc. [ADBE]3.2
Walgreens Boots Alliance Inc. [WBA]3.0
Microsoft Corp. [MSFT]3.0
AbbVie Inc. [ABBV]2.8
Martin Marietta Materials Inc. [MLM]2.8
Time Warner Inc. [TWX]2.8
Microchip Technology Inc. [MCHP]2.8
% of Total Holdings:30.5

Full Holdings (As of Quarter Ended 09/30/2016)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Medtronic plc [MDT]IE14286.4012,2523.4
Home Depot Inc. [HD]US95128.6812,2253.4
Baxter International Inc. [BAX]US25047.6011,8763.3
Adobe Systems Inc. [ADBE]US106108.5411,5273.2
Walgreens Boots Alliance Inc. [WBA]US13480.6210,8353.0
Microsoft Corp. [MSFT]US18857.6010,8123.0
AbbVie Inc. [ABBV]US16063.0710,1102.8
Martin Marietta Materials Inc. [MLM]US56179.1110,1022.8
Time Warner Inc. [TWX]US12779.6110,0792.8
Microchip Technology Inc. [MCHP]US16262.1410,0672.8
Texas Instruments Inc. [TXN]US14170.189,8882.7
Phillips 66 [PSX]US12080.559,6982.7
Novartis AG ADR [NVS]CH12078.969,4832.6
Lennar Corp. [LEN]US22242.349,3992.6
First Republic Bank [FRC]US12277.119,3692.6
General Dynamics Corp. [GD]US60155.169,3562.6
Chubb Ltd. [CB]CH72125.659,0092.5
Unilever NV [UN]NL19546.109,0082.5
Amgen Inc. [AMGN]US54166.819,0082.5
Ameriprise Financial Inc. [AMP]US9099.778,9792.5
Dow Chemical Co. [DOW]US16751.838,6562.4
Equities Corp. [EQT]US11972.628,6492.4
Mondelez International Inc. [MDLZ]US19743.908,6402.4
Bank of America Corp. [BAC]US55115.658,6182.4
Oshkosh Corp. [OSK]US15456.008,6072.4
PPG Industries Inc. [PPG]US82103.368,4552.3
Danaher Corp. [DHR]US10178.397,9252.2
Pioneer Natural Resources Co. [PXD]US42185.657,7232.1
Diageo plc ADR [DEO]GB62116.047,2062.0
Archer Daniels Midland Co. [ADM]US17142.177,2032.0
AES Corp. [AES]US53212.856,8431.9
Halliburton Co. [HAL]US15244.886,8351.9
National Fuel Gas Co. [NFG]US12154.076,5421.8
PayPal Holdings Inc. [PYPL]US15940.976,5101.8
M&T Bank Corp. [MTB]US56116.106,4671.8
JPMorgan Chase & Co. [JPM]US8666.595,7331.6
Mitsubishi UFJ Financial Group Inc. ADR [MTU]JP1,0805.055,4541.5
Deere & Co. [DE]US6485.355,4371.5
Banco Bilbao Vizcaya SA ADR [BBVA]ES9065.965,3971.5
BOK Financial Corp. [BOKF]US6868.974,6831.3
Cullen/Frost Bankers Inc. [CFR]US6571.944,6761.3
Coty Inc. [COTYW]US19023.504,4651.2
Total353,80698.0
Cash and Other Assets Less Liabilities2.0
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2016)

As of Quarter Ended 09/30/2016
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials18.923.4
Health Care16.811.5
Information Technology13.510.0
Consumer Staples13.18.9
Energy9.113.5
Consumer Discretionary8.84.9
Materials7.52.9
Industrials6.59.5
Utilities3.76.5
Telecommunication Services0.03.9
Real Estate0.05.1

Sector Returns (As of Quarter Ended 09/30/2016)

As of Quarter Ended 09/30/2016
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Information Technology14.913.2
Industrials13.55.5
Financials8.76.5
Energy7.22.3
Health Care2.61.1
Consumer Discretionary0.76.0
Cash0.10.0
Materials0.04.6
Real Estate0.00.4
Telecommunication Services0.0-4.8
Utilities-0.1-5.7
Consumer Staples-2.00.1

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