Harbor Mid Cap Value Fund Administrative Class (HRMVX)

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

 Harbor Mid Cap Value FundRussell Midcap® Value Index
Number of Holdings210566
Weighted Avg. Market Cap ($Mil)9,022.4611,889.83
Median Market Cap ($Mil)3,776.295,949.39
Price/Book Ratio1.511.72
Adj. Trailing P/E Ratio11.4117.41
Forecasted P/E Ratio11.6716.09
Earnings Growth Rate (%)8.998.65
Proj. Earnings Growth Rate (%)5.536.53
Return on Equity (%)11.6012.18
Turnover (unannualized % since 10/31)14-
Beta vs. Russell Midcap® Value Index1.05-
Beta vs. Russell 3000® Index1.05-

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
Public Service Enterprise Group Inc. [PEG]1.8
Entergy Corp. [ETR]1.5
FirstEnergy Corp. [FE]1.4
Ameriprise Financial Inc. [AMP]1.3
Everest Re Group Ltd. [RE]1.2
Quest Diagnostics Inc. [DGX]1.2
Senior Housing Properties Trust [SNH]1.1
SunTrust Banks Inc. [STI]1.0
Edison International [EIX]1.0
American Electric Power Co. Inc. [AEP]1.0
% of Total Holdings:12.5

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

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Public Service Enterprise Group Inc. [PEG]US74457310630346.6114,1041.8
Entergy Corp. [ETR]US29364G10314481.3511,7231.5
FirstEnergy Corp. [FE]US33793210732834.9111,4681.4
Ameriprise Financial Inc. [AMP]US03076C10611189.859,9731.3
Everest Re Group Ltd. [RE]BMG3223R10853182.679,7001.2
Quest Diagnostics Inc. [DGX]US74834L10011881.419,6231.2
Senior Housing Properties Trust [SNH]US81721M10941120.838,5641.1
SunTrust Banks Inc. [STI]US86791410319941.088,1581.0
Edison International [EIX]US28102010710577.678,1321.0
American Electric Power Co. Inc. [AEP]US02553710111570.098,0671.0
Tesoro Corp. [TSO]US88160910110674.927,9491.0
Brinker International Inc. [EAT]US10964110017245.537,8131.0
Cardinal Health Inc. [CAH]US14149Y10810078.017,7781.0
Discover Financial Services [DFS]US25470910814453.597,7381.0
Regions Financial Corp. [RF]US7591EP1009058.517,7041.0
Xerox Corp. [XRX]US9841211038059.497,6361.0
Tyson Foods Inc. [TSN]US90249410311266.797,4600.9
Lexington Realty Trust [LXP]US52904310173410.117,4160.9
Goodyear Tire & Rubber Co. [GT]US38255010127725.667,1130.9
Cummins Inc. [CMI]US23102110662112.446,9940.9
Spirit Aerosystems Holdings Inc. [SPR]US84857410916143.006,9270.9
Piedmont Office Realty Trust Inc. [PDM]US72019020632121.546,9120.9
Annaly Capital Management Inc. [NLY]US03571040962411.076,9080.9
Hartford Financial Services Group Inc. [HIG]US41651510415144.386,6930.8
Endurance Specialty Holdings Ltd. [ENH]BMG303971069967.166,6420.8
Hospitality Properties Trust [HPT]US44106M10223028.806,6120.8
Mack-Cali Realty Corp. [CLI]US55448910424427.006,5750.8
Eastman Chemical Co. [EMN]US2774321009567.906,4710.8
Wyndham Worldwide Corp. [WYN]US98310W1088871.236,2330.8
Whirlpool Corp. [WHR]US96332010637166.646,2320.8
Franklin Street Properties Corp. [FSP]US35471R10650812.276,2310.8
Sonoco Products Co. [SON]US83549510212249.666,0740.8
Reliance Steel & Aluminum Co. [RS]US7595091027876.906,0370.8
Valero Energy Corp. [VLO]US91913Y10011751.005,9670.8
Huntington Ingalls Industries Inc. [HII]US44641310636168.035,9650.8
Diamond Offshore Drilling Inc. [DO]US25271C10224124.335,8720.7
Fifth Third Bancorp [FITB]US31677310032817.595,7680.7
Flextronics International Ltd. [FLEX]SGY2573F10248011.805,6700.7
CIGNA Corp. [CI]US12550910943127.995,4910.7
NCR Corp. [NCR]US62886E10819827.775,4870.7
Ameren Corp. [AEE]US02360810210253.585,4760.7
KeyCorp [KEY]US49326710849511.055,4720.7
Select Income REIT [SIR]US81618T10021025.995,4530.7
Viacom Inc. [VIAB]US92553P20113041.475,4120.7
PPL Corp. [PPL]US69351T10614337.755,4060.7
Packaging Corp. of America [PKG]US6951561097766.935,1700.7
Applied Materials Inc. [AMAT]US03822210521323.975,1080.6
Marathon Petroleum Corp. [MPC]US56585A10213437.965,0830.6
Smith & Wesson Holding Corp. [SWHC]US83175610118427.185,0150.6
Corning Inc. [GLW]US21935010523620.484,8230.6
AES Corp. [AES]US00130H10538012.484,7470.6
Kohl's Corp. [KSS]US50025510412537.924,7320.6
Aflac Inc. [AFL]US0010551026572.164,6980.6
Alaska Air Group Inc. [ALK]US0116591097958.294,6080.6
Textron Inc. [TXT]US88320310112536.564,5660.6
Ingredion Inc. [INGR]US45718710235129.414,5420.6
Summit Hotel Properties Inc. [INN]US86608210033513.244,4300.6
Unum Group [UNM]US91529Y10613931.794,4190.6
Western Union Co. [WU]US95980210922819.184,3750.6
CIT Group Inc. [CIT]US12558180113531.914,3010.5
Mylan NV [MYL]NLN594651099843.244,2420.5
Fluor Corp. [FLR]US3434121028649.284,2330.5
Seagate Technology plc [STX]IEG7945M10717124.364,1580.5
Wabash National Corp. [WNC]US92956610732712.704,1580.5
Harley-Davidson Inc. [HOG]US4128221089245.304,1490.5
Oshkosh Corp. [OSK]US6882392018647.714,1130.5
Lincoln National Corp. [LNC]US53418710910638.774,0940.5
Lear Corp. [LEA]US52186520440101.764,0910.5
OMEGA Healthcare Investors Inc. [OHI]US68193610012033.954,0840.5
Murphy USA Inc. [MUSA]US6267551025474.164,0320.5
Brocade Communications Systems Inc. [BRCD]US1116213064399.184,0290.5
Medical Properties Trust Inc. [MPW]US58463J30426315.214,0000.5
Cousins Properties Inc. [CUZ]US22279510638310.403,9850.5
Cabot Corp. [CBT]US1270551018645.663,9270.5
Mentor Graphics Corp. [MENT]US58720010618321.263,8990.5
Huntsman Corp. [HUN]US44701110729013.453,8960.5
PBF Energy Inc. [PBF]US69318G10616423.783,8930.5
Juniper Networks Inc. [JNPR]US48203R10417222.493,8660.5
United Continental Holdings Inc. [UAL]US9100471099441.043,8580.5
TETRA Tech Inc. [TTEK]US88162G10312530.753,8420.5
Validus Holdings Ltd. [VR]BMG9319H1027848.593,7710.5
Amkor Technology Inc. [AMKR]US0316521006485.753,7230.5
Ingram Micro Inc. [IM]US45715310410634.783,6830.5
Symantec Corp. [SYMC]US87150310817820.543,6460.5
Celanese Corp. [CE]US1508701035665.453,6390.5
Owens & Minor Inc. [OMI]US6907321029737.383,6110.5
Briggs & Stratton Corp. [BGG]US10904310917021.183,6050.5
Teradyne Inc. [TER]US88077010218019.693,5400.4
American Financial Group Inc. [AFG]US0259321044873.933,5170.4
Bunge Ltd. [BG]BMG169621055959.153,4960.4
Greif Inc. [GEF]US3976241079337.273,4790.4
Huntington Bancshares Inc. [HBAN]US4461501043898.943,4750.4
Assurant Inc. [AIZ]US04621X1084086.313,4610.4
Macy's Inc. [M]US55616P10410333.613,4550.4
Domtar Corp. [UFS]US2575592039935.013,4520.4
Teradata Corp. [TDC]US88076W10313625.073,4080.4
Universal Corp. [UVV]US9134561095957.743,3920.4
Harris Corp. [HRS]US4138751054083.443,3540.4
Ethan Allen Interiors Inc. [ETH]US29760210410133.043,3530.4
Pitney Bowes Inc. [PBI]US72447910018717.803,3360.4
JetBlue Airways Corp. [JBLU]US47714310120016.563,3200.4
United Therapeutics Corp. [UTHR]US91307C10231105.923,2840.4
Chicago Bridge & Iron Co. NV [CBI]NL1672501099434.633,2730.4
Hersha Hospitality Trust [HT]US42782550018917.153,2360.4
Corrections Corp. of America [CXW]US22025Y4079235.023,2360.4
Netgear Inc. [NTGR]US64111Q1046847.543,2280.4
Bed Bath & Beyond Inc. [BBBY]US0758961007343.223,1420.4
Kroger Co. [KR]US5010441018536.793,1150.4
Questar Corp. [STR]US74835610212325.373,1130.4
Dick's Sporting Goods Inc. [DKS]US2533931026945.063,1000.4
Government Properties Income Trust [GOV]US38376A10313423.063,0900.4
Western Digital Corp. [WDC]US9581021056547.263,0810.4
Atlas Air Worldwide Holdings Inc. [AAWW]US0491642057441.423,0740.4
Brandywine Realty Trust [BDN]US10536820318216.803,0530.4
Triumph Group Inc. [TGI]US8968181018635.503,0460.4
Tech Data Corp. [TECD]US8782371064271.853,0030.4
XL Group plc [XL]IEG982901029033.312,9880.4
Voya Financial Inc. [VOYA]US92908910012024.762,9760.4
Kindred Healthcare Inc. [KND]US49458010326311.292,9690.4
Gap Inc. [GPS]US36476010813921.222,9470.4
Foot Locker Inc. [FL]US3448491045454.862,9400.4
Clearwater Paper Corp. [CLW]US18538R1034565.372,9290.4
Rouse Properties Inc. [RSE]US77928710116018.252,9150.4
Ship Finance International Ltd. [SFL]BMG8107510619714.742,8980.4
Archer-Daniels-Midland Co. [ADM]US0394831026842.892,8950.4
LAM Research Corp. [LRCX]US5128071083484.062,8750.4
Moog Inc. [MOG/A]US6153942025353.922,8630.4
Axis Capital Holdings Ltd. [AXS]BMG0692U1095255.002,8550.4
Plantronics Inc. [PLT]US7274931086544.002,8420.4
HollyFrontier Corp. [HFC]US43610610811923.772,8290.4
Washington Federal Inc. [WAFD]US93882410911624.262,8140.4
National Oilwell Varco Inc. [NOV]US6370711018333.652,8060.4
R.R. Donnelley & Sons Co. [RRD]US25786710116616.922,8040.4
Convergys Corp. [CVG]US21248510611125.002,7690.3
Aspen Insurance Holdings Ltd. [AHL]BMG053841056046.382,7690.3
NetApp Inc. [NTAP]US64110D10411324.592,7690.3
Piper Jaffray Cos. [PJC]US7240781007337.702,7480.3
Aetna Inc. [AET]US00817Y10822122.132,7360.3
Hillenbrand Inc. [HI]US4315711089030.042,6980.3
CBL & Associates Properties Inc. [CBL]US1248301002869.312,6650.3
Allstate Corp. [ALL]US0200021013869.952,6650.3
Avnet Inc. [AVT]US0538071036640.512,6530.3
H&E Equipment Services Inc. [HEES]US40403010813419.032,5460.3
Sunstone Hotel Investors Inc. [SHO]US86789210121012.072,5330.3
CA Inc. [CA]US12673P1057632.832,5050.3
Finish Line Inc. [FINL]US31792310012420.192,5020.3
Universal Insurance Holdings Inc. [UVE]US91359V10713518.582,5010.3
Amdocs Ltd. [DOX]USG026021034357.722,4820.3
CenterPoint Energy Inc. [CNP]US15189T10710324.002,4720.3
Meritage Homes Corp. [MTH]US59001A1026537.542,4480.3
SUPERVALU Inc. [SVU]US8685361035174.722,4390.3
GameStop Corp. [GME]US36467W1098926.582,3680.3
PennyMac Mortgage Investment Trust [PMT]US70931T10314516.232,3500.3
Cooper-Standard Holding Inc. [CPS]US21676P1033078.992,3380.3
QLogic Corp. [QLGC]US74727710115814.742,3350.3
Rowan Cos. plc [RDC]GBG7665A10113217.662,3280.3
Ingles Markets Inc. [IMKTA]US4570301046237.302,3200.3
TEGNA Inc. [TGNA]US87901J1059823.172,2820.3
Assured Guaranty Ltd. [AGO]BMG0585R1068825.372,2430.3
Oceaneering International Inc. [OII]US6752321027529.862,2340.3
Scana Corp. [SCG]US80589M1023075.662,2320.3
Calatlantic Group Inc. [CAA]US1281951046136.712,2260.3
Aircastle Ltd. [AYR]BMG0129K10411419.562,2220.3
Banco Latinoamericano de Comercio Exterior SA [BLX]PAP169941328426.502,2150.3
Central Garden & Pet Co. [CENTA]US15352720510221.712,2080.3
MFA Financial Inc. [MFA]US55272X1022987.272,1690.3
Deckers Outdoor Corp. [DECK]US2435371073757.522,1450.3
AAR Corp. [AIR]US0003611059123.342,1250.3
Trinity Industries Inc. [TRN]US89652210911118.572,0650.3
Dillard's Inc. [DDS]US2540671013460.602,0360.3
Amtrust Financial Services Inc. [AFSI]US0323593098324.502,0340.3
AGCO Corp. [AGCO]US0010841024247.132,0030.3
Group 1 Automotive Inc. [GPI]US3989051094049.361,9890.3
Capstead Mortgage Corp. [CMO]US14067E5062039.701,9670.2
Nelnet Inc. [NNI]US64031N1085634.751,9630.2
Navient Corp. [NAVI]US63938C10816311.951,9480.2
Radian Group Inc. [RDN]US75023610118610.421,9370.2
Vishay Intertechnology Inc. [VSH]US92829810815412.391,9110.2
Principal Financial Group Inc. [PFG]US74251V1024641.111,8910.2
Hancock Holding Co. [HBHC]US4101201096826.111,7790.2
American Axle & Manufacturing Holdings Inc. [AXL]US02406110311814.481,7120.2
Timken Co. [TKR]US8873891045530.661,6950.2
Owens-Illinois Inc. [OI]US6907684039418.011,6930.2
CF Industries Holdings Inc. [CF]US1252691006924.101,6630.2
Maiden Holdings Ltd. [MHLD]BMG5753U11213312.241,6320.2
Raytheon Co. [RTN]US75511150712135.951,6040.2
Bristow Group Inc. [BRS]US11039410313711.411,5630.2
MGIC Investment Corp. [MTG]US5528481032495.951,4840.2
A. Schulman Inc. [SHLM]US8081941045524.421,3360.2
Lexmark International Inc. [LXK]US5297711073237.751,2270.2
Arcbest Corp. [ARCB]US03937C1057416.251,2060.2
Dhi Group Inc. [DHX]US23331S1001916.231,1880.1
Meritor Inc. [MTOR]US59001K1001627.201,1660.1
Community Health Systems Inc. [CYH]US2036681089312.051,1190.1
Noble Corp. plc [NE]GBG654311011308.241,0700.1
Select Medical Holdings Corp. [SEM]US81619Q1059810.871,0630.1
Lannett Co. Inc. [LCI]US5160121014423.791,0520.1
Two Harbors Investment Corp. [TWO]US90187B1011218.561,0360.1
Tutor Perini Corp. [TPC]US9011091084223.551,0010.1
Outerwall Inc. [OUTR]US6900701072442.009950.1
Ensco plc [ESV]GBG3157S1061019.719770.1
Atwood Oceanics Inc. [ATW]US0500951083812.524730.1
PNC Financial Services Group Inc. [PNC]US693475105581.393910.0
Gannett Co. Inc. [GCI]US36473H1042613.813650.0
WestRock Co. [WRK]US96145D105838.873090.0
Quorum Health Corp. [QHC]US74909E1062310.712490.0
Vectrus Inc. [VEC]US92242T101428.491000.0
Ingevity Corp. [NGVT]US45688C107134.04450.0
Paragon Offshore plc [PGNPQ]GBG6S01W108220.75160.0
Energy XXI Ltd. [EXXIQ]BMG10082140540.0520.0
Total786,39599.0
Cash and Other Assets Less Liabilities1.0
Total Net Assets100%

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

As of Quarter Ended 06/30/2016
Economic SectorHarbor Mid Cap Value Fund %Russell Midcap® Value Index %
Financials30.332.8
Information Technology13.28.2
Consumer Discretionary12.28.4
Industrials12.011.1
Utilities9.713.9
Materials6.36.1
Energy5.89.8
Health Care5.44.8
Consumer Staples4.03.5
Telecommunication Services0.01.5

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

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor Mid Cap Value Fund %Russell Midcap® Value Index %
Financials4.24.5
Utilities3.27.2
Materials1.89.4
Consumer Staples1.58.3
Cash0.10.0
Telecommunication Services0.0-2.1
Health Care-0.76.3
Industrials-2.12.2
Information Technology-4.43.5
Consumer Discretionary-8.0-6.2
Energy-12.413.7

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