Harbor Small Cap Value Fund Administrative Class (HSVRX)

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

 Harbor Small Cap Value FundRussell 2000® Value Index
Number of Holdings561,361
Weighted Avg. Market Cap ($Mil)3,815.461,589.75
Median Market Cap ($Mil)2,301.86571.37
Price/Book Ratio2.031.31
Adj. Trailing P/E Ratio19.5219.10
Forecasted P/E Ratio16.6814.52
Earnings Growth Rate (%)11.088.68
Proj. Earnings Growth Rate (%)12.689.51
Return on Equity (%)13.4411.51
Turnover (unannualized % since 10/31)5-
Beta vs. Russell 2000® Value Index0.98-
Beta vs. Russell 3000® Index1.16-

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
Global Payments Inc. [GPN]3.5
Valspar Corp. [VAL]3.4
Hexcel Corp. [HXL]3.1
Snap-on Inc. [SNA]3.1
Mednax Inc. [MD]2.7
Monolithic Power Systems Inc. [MPWR]2.6
WGL Holdings Inc. [WGL]2.6
Entegris Inc. [ENTG]2.4
EnerSys [ENS]2.4
Centene Corp. [CNC]2.4
% of Total Holdings:28.2

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

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Global Payments Inc. [GPN]US37940X10242471.3830,2923.5
Valspar Corp. [VAL]US920355104270108.0329,1693.4
Hexcel Corp. [HXL]US42829110863841.6426,5693.1
Snap-on Inc. [SNA]US833034101168157.8226,4583.1
Mednax Inc. [MD]US58502B10631672.4322,8972.7
Monolithic Power Systems Inc. [MPWR]US60983910532468.3222,1222.6
WGL Holdings Inc. [WGL]US92924F10631170.7922,0122.6
Entegris Inc. [ENTG]US29362U1041,43714.4720,7972.4
EnerSys [ENS]US29275Y10234359.4720,4172.4
Centene Corp. [CNC]US15135B10128671.3720,4132.4
Littelfuse Inc. [LFUS]US537008104163118.1919,2872.2
Reinsurance Group of America Inc. [RGA]US75935160419496.9918,8452.2
Franklin Electric Co. Inc. [FELE]US35351410255833.0518,4522.1
Mueller Water Products Inc. [MWA]US6247581081,60411.4218,3142.1
Coherent Inc. [COHR]US19247910319691.7817,9792.1
Advanced Energy Industries Inc. [AEIS]US00797310047037.9617,8572.1
Scotts Miracle-Gro Co. [SMG]US81018610624369.9116,9962.0
Cash America International Inc. [CSH]US14754D10039742.6216,9242.0
Molina Healthcare Inc. [MOH]US60855R10033549.9016,7331.9
United Fire Group Inc. [UFCS]US91034010837242.4315,7951.8
Raymond James Financial Inc. [RJF]US75473010931849.3015,6931.8
Teledyne Technologies Inc. [TDY]US87936010515699.0515,4141.8
Medical Properties Trust Inc. [MPW]US58463J30499615.2115,1511.8
South Jersey Industries Inc. [SJI]US83851810846831.6214,8021.7
OSI Systems Inc. [OSIS]US67104410525258.1314,6421.7
ManTech International Corp. [MANT]US56456310438037.8214,3741.7
SBA Communications Corp. [SBAC]US78388J106131107.9414,1721.6
Cabot Microelectronics Corp. [CCMP]US12709P10333342.3414,0831.6
FLIR Systems Inc. [FLIR]US30244510145230.9513,9911.6
Cantel Medical Corp. [CMN]US13809810819968.7313,6951.6
Core Laboratories NV [CLB]USN22717107108123.8913,3971.6
GATX Corp. [GATX]US36144810330543.9713,3961.6
Sanmina Corp. [SANM]US80105610249626.8113,3021.5
Bloomin' Brands Inc. [BLMN]US09423510873917.8713,2091.5
Gulfport Energy Corp. [GPOR]US40263530437931.2611,8471.4
Timken Co. [TKR]US88738910438430.6611,7751.4
Moog Inc. [MOG/A]US61539420221653.9211,6461.4
Meritage Homes Corp. [MTH]US59001A10230737.5411,5121.3
Horace Mann Educators Corp. [HMN]US44032710433533.7911,3241.3
United Natural Foods Inc. [UNFI]US91116310324046.8011,2461.3
United Bankshares Inc. [UBSI]US90990710729437.5111,0111.3
Altra Industrial Motion Corp. [AIMC]US02208R10640526.9810,9171.3
Pdc Energy Inc. [PDCE]US69327R10118957.6110,9161.3
Trustmark Corp. [TRMK]US89840210243224.8510,7341.2
Albany International Corp. [AIN]US01234810826339.9310,4851.2
Eaton Vance Corp. [EV]US27826510328135.349,9291.2
Wesbanco Inc. [WSBC]US95081010130331.059,4151.1
Everbank Financial Corp. [EVER]US29977G10262914.869,3451.1
Stifel Financial Corp. [SF]US86063010229631.459,3211.1
Cabot Corp. [CBT]US12705510120145.669,1591.1
American Equity Investment Life Holding Co. [AEL]US02567620659914.258,5341.0
Astoria Financial Corp. [AF]US04626510450715.337,7800.9
First Potomac Realty Trust [FPO]US33610F1098259.207,5870.9
Epiq Systems Inc. [EPIQ]US26882D10937814.605,5150.6
Oneok Inc. [OKE]US68268010310947.455,1800.6
State Auto Financial Corp. [STFC]US85570710519521.914,2650.5
Total827,09296.3
Cash and Other Assets Less Liabilities3.7
Total Net Assets100%

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

As of Quarter Ended 06/30/2016
Economic SectorHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology23.710.1
Industrials21.312.1
Financials21.141.3
Health Care8.64.6
Materials6.44.5
Energy4.85.1
Utilities4.37.8
Consumer Discretionary2.910.7
Telecommunication Services1.60.8
Consumer Staples1.33.0

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

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor Small Cap Value Fund %Russell 2000® Value Index %
Consumer Staples16.19.1
Energy11.86.5
Telecommunication Services7.811.3
Consumer Discretionary4.8-2.7
Information Technology4.10.1
Financials3.64.5
Utilities3.610.7
Industrials3.03.4
Cash0.10.0
Health Care-0.02.4
Materials-1.219.0

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 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.