Harbor Small Cap Value Fund Administrative Class (HSVRX)

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

Harbor Small Cap Value FundRussell 2000® Value Index
Number of Holdings561,352
Weighted Avg. Market Cap ($Mil)4,621.712,116.80
Median Market Cap ($Mil)3,324.40698.51
Price/Book Ratio3.141.70
Adj. Trailing P/E Ratio22.9419.42
Forecasted P/E Ratio19.3818.19
Earnings Growth Rate (%)7.286.52
Proj. Earnings Growth Rate (%)12.4410.76
Return on Equity (%)12.507.51
Turnover (unannualized % since 10/31)0-
Beta vs. Fund Benchmark1.17-

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
Coherent Inc. [COHR]3.7
Hexcel Corp. [HXL]3.1
Entegris Inc. [ENTG]3.1
Global Payments Inc. [GPN]3.1
Advanced Energy Industries Inc. [AEIS]3.0
Snap-on Inc. [SNA]3.0
Monolithic Power Systems Inc. [MPWR]2.8
Valspar Corp. [VAL]2.7
Raymond James Financial Inc. [RJF]2.5
EnerSys [ENS]2.4
% of Total Holdings:29.4

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Coherent Inc. [COHR]US167205.6434,3733.7
Hexcel Corp. [HXL]US53054.5528,9023.1
Entegris Inc. [ENTG]US1,22623.4028,6983.1
Global Payments Inc. [GPN]US35180.6828,2883.1
Advanced Energy Industries Inc. [AEIS]US39868.5627,2863.0
Snap-on Inc. [SNA]US162168.6727,2443.0
Monolithic Power Systems Inc. [MPWR]US27692.1025,4462.8
Valspar Corp. [VAL]US226110.9425,1162.7
Raymond James Financial Inc. [RJF]US30776.2623,3882.5
EnerSys [ENS]US28278.9422,2892.4
Littelfuse Inc. [LFUS]US132159.9121,0972.3
Reinsurance Group of America Inc. [RGA]US166126.9821,0522.3
WGL Holdings Inc. [WGL]US25282.5320,8362.3
Cabot Microelectronics Corp. [CCMP]US26776.6120,4632.2
Franklin Electric Co. Inc. [FELE]US46643.0520,0722.2
Centene Corp. [CNC]US27471.2619,5352.1
Scotts Miracle-Gro Co. [SMG]US20793.3919,3752.1
Mednax Inc. [MD]US26169.3818,0842.0
Teledyne Technologies Inc. [TDY]US133126.4616,7911.8
Catalent Inc. [CTLT]US59028.3216,7201.8
Mueller Water Products Inc. [MWA]US1,36811.8216,1741.8
OSI Systems Inc. [OSIS]US21772.9915,8691.7
GATX Corp. [GATX]US26060.9615,8491.7
SBA Communications Corp. [SBAC]US131120.3715,8041.7
Sanmina Corp. [SANM]US38940.6015,7871.7
South Jersey Industries Inc. [SJI]US43635.6515,5381.7
Bloomin' Brands Inc. [BLMN]US75519.7314,9021.6
Timken Co. [TKR]US32845.2014,8121.6
FLIR Systems Inc. [FLIR]US38636.2813,9941.5
Firstcash Inc. [FCFS]US28549.1513,9881.5
Altra Industrial Motion Corp. [AIMC]US35238.9513,7161.5
Cantel Medical Corp. [CMD]US17080.1013,6201.5
United Fire Group Inc. [UFCS]US31842.7713,5851.5
Molina Healthcare Inc. [MOH]US27645.6012,5651.4
Stifel Financial Corp. [SF]US24450.1912,2351.3
Horace Mann Educators Corp. [HMN]US29441.0512,0611.3
Moog Inc. [MOG/A]US17467.3511,7311.3
American Equity Investment Life Holding Co. [AEL]US48523.6311,4561.2
ManTech International Corp. [MANT]US32334.6311,1921.2
Core Laboratories NV [CLB]US95115.5210,9571.2
Albany International Corp. [AIN]US23446.0510,7851.2
Eaton Vance Corp. [EV]US24044.9610,7781.2
Trustmark Corp. [TRMK]US33831.7910,7511.2
United Bankshares Inc. [UBSI]US25342.2510,7011.2
Everbank Financial Corp. [EVER]US52919.4810,3131.1
Medical Properties Trust Inc. [MPW]US79412.8910,2301.1
Pdc Energy Inc. [PDCE]US16362.3510,1391.1
Wesbanco Inc. [WSBC]US26638.1110,1311.1
Cabot Corp. [CBT]US15859.919,4591.0
Meritage Homes Corp. [MTH]US25236.809,2811.0
Astoria Financial Corp. [AF]US44320.519,0941.0
United Natural Foods Inc. [UNFI]US20643.238,9221.0
First Potomac Realty Trust [FPO]US69910.287,1900.8
Oneok Inc. [OKE]US10555.445,7960.6
Gulfport Energy Corp. [GPOR]US33317.195,7260.6
State Auto Financial Corp. [STFC]US16627.454,5660.5
Total884,75296.1
Cash and Other Assets Less Liabilities3.9
Total Net Assets100%

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

As of Quarter Ended 03/31/2017
Economic SectorHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology26.410.3
Industrials21.612.8
Financials19.032.3
Health Care8.84.7
Materials5.94.8
Utilities4.06.3
Real Estate3.69.9
Energy3.65.4
Consumer Discretionary2.69.8
Consumer Staples1.02.8
Telecommunication Services0.00.6

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

As of Quarter Ended 03/31/2017
Sector ReturnsHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology16.26.2
Consumer Discretionary8.5-0.5
Real Estate8.1-0.8
Utilities7.95.1
Materials5.72.0
Health Care4.49.4
Industrials2.60.6
Cash0.10.0
Telecommunication Services0.0-9.2
Financials-0.2-2.3
Consumer Staples-9.4-2.8
Energy-10.1-9.8

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 2000® Value Index is an unmanaged index representing the smallest 2000 stocks with the lowest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Value Index and Russell® are trademarks of Frank Russell Company.