Harbor Small Cap Value Fund Administrative Class (HSVRX)

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

 Harbor Small Cap Value FundRussell 2000® Value Index
Number of Holdings561,338
Weighted Avg. Market Cap ($Mil)4,092.931,711.10
Median Market Cap ($Mil)2,718.24620.83
Price/Book Ratio2.661.54
Adj. Trailing P/E Ratio20.0317.17
Forecasted P/E Ratio17.6916.15
Earnings Growth Rate (%)11.919.04
Proj. Earnings Growth Rate (%)12.799.43
Return on Equity (%)11.267.34
Turnover (unannualized % since 10/31)9-
Beta vs. Russell 2000® Value Index0.99-
Beta vs. Russell 3000® Index1.16-

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
Global Payments Inc. [GPN]3.4
Snap-on Inc. [SNA]3.1
Valspar Corp. [VAL]3.1
Hexcel Corp. [HXL]3.0
Monolithic Power Systems Inc. [MPWR]2.8
Entegris Inc. [ENTG]2.7
EnerSys [ENS]2.5
Franklin Electric Co. Inc. [FELE]2.4
Advanced Energy Industries Inc. [AEIS]2.4
Coherent Inc. [COHR]2.3
% of Total Holdings:27.7

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Global Payments Inc. [GPN]US34876.7626,7373.4
Snap-on Inc. [SNA]US160151.9624,3853.1
Valspar Corp. [VAL]US229106.0724,2783.1
Hexcel Corp. [HXL]US52644.3023,3173.0
Monolithic Power Systems Inc. [MPWR]US27480.5022,0972.8
Entegris Inc. [ENTG]US1,21817.4221,2242.7
EnerSys [ENS]US28169.1919,4092.5
Franklin Electric Co. Inc. [FELE]US46340.7118,8592.4
Advanced Energy Industries Inc. [AEIS]US39547.3218,7102.4
Coherent Inc. [COHR]US166110.5418,3552.3
Centene Corp. [CNC]US27266.9618,2352.3
Reinsurance Group of America Inc. [RGA]US165107.9417,7782.3
Raymond James Financial Inc. [RJF]US30558.2117,7362.3
Scotts Miracle-Gro Co. [SMG]US20683.2717,1612.2
Mednax Inc. [MD]US25966.2517,1542.2
Mueller Water Products Inc. [MWA]US1,35912.5517,0612.2
Littelfuse Inc. [LFUS]US131128.8116,8852.2
Molina Healthcare Inc. [MOH]US27458.3215,9662.0
WGL Holdings Inc. [WGL]US25162.7015,7352.0
Catalent Inc. [CTLT]US58225.8415,0511.9
SBA Communications Corp. [SBAC]US131112.1614,7261.9
Teledyne Technologies Inc. [TDY]US132107.9314,2391.8
Cabot Microelectronics Corp. [CCMP]US26652.9114,0641.8
OSI Systems Inc. [OSIS]US21465.3813,9601.8
United Fire Group Inc. [UFCS]US31642.3213,3561.7
Firstcash Inc. [FCFS]US28347.0813,3121.7
Cantel Medical Corp. [CMN]US16977.9813,1711.7
South Jersey Industries Inc. [SJI]US43329.5512,7951.6
ManTech International Corp. [MANT]US32137.6912,1081.6
FLIR Systems Inc. [FLIR]US38331.4212,0411.5
Medical Properties Trust Inc. [MPW]US78914.7711,6511.5
GATX Corp. [GATX]US25844.5511,5061.5
Timken Co. [TKR]US32635.1411,4401.5
Horace Mann Educators Corp. [HMN]US30636.6511,2141.4
Sanmina Corp. [SANM]US38628.4710,9971.4
Pdc Energy Inc. [PDCE]US16267.0610,8421.4
Bloomin' Brands Inc. [BLMN]US62717.2410,8021.4
Moog Inc. [MOG/A]US17359.5410,3041.3
Core Laboratories NV [CLB]US92112.3310,2971.3
Everbank Financial Corp. [EVER]US52619.3610,1851.3
Altra Industrial Motion Corp. [AIMC]US34528.9710,0041.3
Albany International Corp. [AIN]US22942.389,6931.2
United Bankshares Inc. [UBSI]US24937.679,3731.2
Eaton Vance Corp. [EV]US23839.059,3011.2
Trustmark Corp. [TRMK]US33627.569,2591.2
American Equity Investment Life Holding Co. [AEL]US52017.739,2201.2
Stifel Financial Corp. [SF]US23838.459,1521.2
Gulfport Energy Corp. [GPOR]US32128.259,0761.2
United Natural Foods Inc. [UNFI]US22240.048,9071.1
Wesbanco Inc. [WSBC]US25932.888,5081.1
Meritage Homes Corp. [MTH]US24334.708,4351.1
Cabot Corp. [CBT]US15452.418,0581.0
First Potomac Realty Trust [FPO]US6959.156,3580.8
Astoria Financial Corp. [AF]US43014.606,2810.8
Oneok Inc. [OKE]US10951.395,6110.7
State Auto Financial Corp. [STFC]US16523.813,9350.5
Total760,31497.2
Cash and Other Assets Less Liabilities2.8
Total Net Assets100%

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

As of Quarter Ended 09/30/2016
Economic SectorHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology24.010.6
Industrials21.812.6
Financials19.030.2
Health Care10.24.9
Materials6.34.5
Energy4.65.2
Utilities3.76.9
Consumer Discretionary2.510.6
Real Estate2.311.0
Telecommunication Services1.90.7
Consumer Staples1.12.9

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

As of Quarter Ended 09/30/2016
Sector ReturnsHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology13.718.1
Financials9.610.7
Industrials9.012.2
Materials7.812.8
Telecommunication Services3.9-1.1
Health Care2.614.4
Cash0.10.0
Energy0.07.7
Real Estate-0.72.7
Consumer Discretionary-5.36.4
Utilities-8.6-5.1
Consumer Staples-14.45.3

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 Russell Investments.