Harbor High-Yield Bond Fund Administrative Class (HYFRX)

Portfolio Characteristics (As of Quarter Ended 03/31/2016)

 Harbor High-Yield Bond FundBofA Merrill Lynch US Non-Distressed High Yield Index
Number of Issues3461,734
Average Market Coupon (%)6.046.34
Yield to Maturity (%)6.516.31
Weighted Avg. Maturity (yrs)6.246.55
Duration to Worst (yrs)3.724.23

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

Top Ten Holdings (As of Quarter Ended 03/31/2016)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Reynolds Group Issuer Inc.10/15/20205.821,6041.2
NRG Energy Inc.05/01/20246.216,6050.9
Inmarsat Finance plc05/15/20224.916,0970.9
Ashtead Capital Inc.07/15/20226.515,9820.9
Hughes Satellite Systems Corp.06/15/20217.615,6630.9
William Morris Endeavor Entertainment LLC05/06/20215.215,5230.9
UPCB Finance IV Ltd.01/15/20255.414,8080.8
Quicken Loans Inc.05/01/20255.814,6250.8
Sirius XM Radio Inc.07/15/20246.013,6780.8
ESH Hospitality Inc.05/01/20255.213,4920.8
% of Total Holdings:158,0778.9

Full Holdings (As of Quarter Ended 03/31/2016)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Reynolds Group Issuer Inc.10/15/20205.821,6041.2
NRG Energy Inc.05/01/20246.216,6050.9
Inmarsat Finance plc05/15/20224.916,0970.9
Ashtead Capital Inc.07/15/20226.515,9820.9
Hughes Satellite Systems Corp.06/15/20217.615,6630.9
William Morris Endeavor Entertainment LLC05/06/20215.215,5230.9
UPCB Finance IV Ltd.01/15/20255.414,8080.8
Quicken Loans Inc.05/01/20255.814,6250.8
Sirius XM Radio Inc.07/15/20246.013,6780.8
ESH Hospitality Inc.05/01/20255.213,4920.8
Cequel Communications Holdings I LLC09/15/20206.413,4330.8
Talen Energy Supply LLC07/15/20194.613,0880.7
Post Holdings Inc.12/15/20226.012,9220.7
Griffon Corp.03/01/20225.212,8410.7
Tribune Media Co.07/15/20225.912,2190.7
Aercap Ireland Capital Ltd.10/30/20204.612,1650.7
Zayo Group LLC04/01/20236.012,0370.7
Iron Mountain Inc.08/15/20245.811,7420.7
Alliance Data Systems Corp.04/01/20206.411,6420.7
First Quality Finance Co. Inc.05/15/20214.611,6400.7
Sinclair Television Group Inc.04/01/20215.411,0880.6
MPH Acquisition Holdings LLC04/01/20226.610,9460.6
Standard Industries Inc.02/15/20235.510,7630.6
Energizer Holdings Inc.06/15/20255.510,5770.6
Lamar Media Corp.02/01/20225.910,5750.6
Signode Industrial Group Lux SA05/01/20226.410,5080.6
Burger King Worldwide Inc.04/01/20226.010,4250.6
Safway Group Holding LLC05/15/20187.010,3270.6
Jaguar Holding Co. II08/01/20236.410,2930.6
Cablevision Systems Corp.09/15/20225.910,1400.6
West Corp.07/15/20225.410,1320.6
Moog Inc.12/01/20225.210,0380.6
Hertz Corp.10/15/20226.29,8490.6
HD Supply Inc.04/15/20245.89,7850.5
Ardagh Holdings USA Inc.01/31/20196.29,7190.5
Rice Energy Inc.05/01/20226.29,6250.5
Mallinckrodt International Finance SA10/15/20235.69,3530.5
Berry Plastics Corp.05/15/20225.59,2590.5
Clean Harbors Inc.06/01/20215.19,1460.5
Anixter Inc.10/01/20215.19,0900.5
Numericable-SFR SAS05/15/20226.09,0160.5
Time Inc.04/15/20225.88,9250.5
AES Corp.04/15/20255.58,7300.5
Tenet Healthcare Corp.06/15/20236.88,6630.5
Summit Materials LLC07/15/20236.18,5950.5
Capsugel SA05/15/20197.08,5580.5
Berry Plastics Corp.07/15/20235.18,3740.5
Hertz Corp.10/15/20205.98,1800.5
TransDigm Inc.07/15/20246.57,9780.4
MediaCom Capital Corp.02/15/20227.27,9130.4
Calpine Corp.01/15/20255.87,9030.4
Service Corp. International01/15/20225.47,8750.4
Nortek Inc.04/15/20218.57,8450.4
Envision Healthcare Corp.07/01/20225.17,8030.4
Univision Communications Inc.09/15/20226.87,8010.4
Cablevision Systems Corp.04/15/20208.07,7800.4
Ally Financial Inc.11/18/20193.87,6170.4
WMG Acquisition Corp.04/15/20226.87,4630.4
Calpine Corp.02/01/20245.57,3340.4
Centene Escrow Corp.02/15/20215.67,3150.4
Pinnacle Entertainment Inc.05/15/20208.87,3140.4
Concordia Healthcare Corp.10/21/20215.27,3050.4
Cascades Inc.07/15/20225.57,2520.4
Memorial Resource Development Corp.07/01/20225.97,2250.4
Viasat Inc.06/15/20206.97,1760.4
GCI Inc.06/01/20216.87,1750.4
Dole Food Co. Inc.05/01/20197.26,9830.4
Tempur Sealy International Inc.10/15/20235.66,9780.4
Davita Healthcare Partners Inc.05/01/20255.06,9480.4
Covanta Holding Corp.10/01/20226.46,9350.4
RSI Home Products Inc.03/15/20236.56,8090.4
Community Health Systems Inc.02/01/20226.96,8060.4
Nexstar Broadcasting Inc.11/15/20206.96,7960.4
Alphabet Holding Co. Inc.11/01/20177.86,7670.4
Ball Corp.12/15/20204.46,7520.4
Suburban Propane Partners LP08/01/20217.46,6890.4
HCA Inc.06/15/20265.26,6790.4
United Rentals North America Inc.11/15/20245.86,5330.4
American Tire Distributors Inc.03/01/202210.26,5160.4
Whiting Petroleum Corp.04/01/20236.26,4900.4
CIT Group Inc.02/15/20195.56,4730.4
HCA Inc.05/01/20235.96,3300.4
T-Mobile USA Inc.04/01/20216.26,3290.4
CCO Holdings LLC04/01/20245.96,3000.4
Acadia Healthcare Co. Inc.03/01/20246.56,2550.4
CenturyLink Inc.04/01/20205.66,2530.4
Equinix Inc.01/15/20265.96,1750.3
ZF North America Capital Inc.04/29/20224.56,1430.3
Terex Corp.04/01/20206.56,0630.3
Avis Budget Car Rental LLC03/15/20255.25,9720.3
Wex Inc.02/01/20234.85,9520.3
Brand Energy & Infrastructure Services Inc.11/26/20204.85,9520.3
Dynegy Inc.11/01/20196.85,9500.3
Shea Homes LP04/01/20235.95,9480.3
Tenneco Inc.12/15/20206.95,9120.3
Ziggo Bond Finance BV01/15/20255.95,9030.3
Team Health Inc.12/15/20237.25,8990.3
MDC Partners Inc.05/01/20246.55,8870.3
Felcor Lodging LP03/01/20235.65,7910.3
Alere Inc.07/01/20236.45,7890.3
Resolute Forest Products Inc.05/15/20235.95,7800.3
Avis Budget Car Rental LLC06/01/20225.15,7150.3
Realogy Group LLC12/01/20215.25,7060.3
HCA Inc.02/15/20265.95,6790.3
Cequel Communications Holdings I LLC12/15/20215.15,6250.3
ENDO Finance LLC01/15/20235.95,5540.3
DISH DBS Corp.11/15/20245.95,5200.3
Cable One Inc.06/15/20225.85,3940.3
LKQ Corp.05/15/20234.85,3900.3
XPO Logistics Inc.06/15/20226.55,3690.3
Level 3 Financing Inc.01/15/20245.45,3290.3
ACCO Brands Corp.04/30/20206.85,3130.3
Argos Merger Sub Inc.03/15/20237.15,3130.3
Gray Television Inc.10/01/20207.55,3000.3
Ferrellgas LP06/15/20236.85,2950.3
Equinix Inc.01/01/20255.85,2880.3
Nationstar Mortgage LLC10/01/20207.95,2670.3
Levi Strauss & Co.05/01/20226.95,2620.3
Michaels Stores Inc.12/15/20205.95,2500.3
Walter Investment Management Corp.12/15/20217.95,2400.3
Outfront Media Capital LLC03/15/20255.95,2310.3
AECOM10/15/20225.85,2130.3
American Axle & Manufacturing Inc.10/15/20226.65,2130.3
Mednax Inc.12/01/20235.25,2130.3
Pinnacle Entertainment Inc.04/15/20217.55,2060.3
First Data Corp.01/15/20245.05,2010.3
Midcontinent Communications & Midcontinent Finance Corp.08/15/20236.95,2000.3
Casella Waste Systems Inc.02/15/20197.85,1990.3
Ally Financial Inc.01/27/20193.55,1840.3
DISH DBS Corp.06/01/20216.85,1750.3
Quebecor Media Inc.01/15/20235.85,1750.3
MDC Partners Inc.04/01/20206.85,1720.3
CCO Holdings LLC09/30/20225.25,1630.3
Grifols Worldwide Operations Ltd.04/01/20225.25,1630.3
Molina Healthcare Inc.11/15/20225.45,1630.3
Dean Foods Co.03/15/20236.55,1560.3
Telecom Italia SpA05/30/20245.35,1440.3
CEB Inc.06/15/20235.65,1000.3
Virgin Media Secured Finance plc04/15/20215.45,0850.3
Surgical Care Affiliates Inc.04/01/20236.05,0630.3
Belden Inc.09/01/20225.55,0500.3
Unitymedia Hessen GmbH & Co. KG01/15/20235.55,0410.3
Virgin Media Secured Finance plc01/15/20265.25,0250.3
Nexstar Broadcasting Inc.02/15/20226.14,9880.3
Tesoro Logistics LP10/15/20195.54,9880.3
Huntsman International LLC11/15/20204.94,9750.3
A Schulman Inc.06/01/20236.94,9500.3
Rite Aid Corp.04/01/20236.14,9460.3
Darling Ingredients Inc.01/15/20225.44,9350.3
Concordia Healthcare Corp.04/15/20237.04,8730.3
Goodyear Tire & Rubber Co.03/01/20216.54,8730.3
Hologic Inc.07/15/20225.24,8650.3
Goodyear Tire & Rubber Co.05/15/20227.04,8380.3
Sally Capital Inc.12/01/20255.64,8150.3
Townsquare Media Inc.04/01/20236.54,8130.3
Iron Mountain Inc.10/01/20206.04,7630.3
MediaCom Broadband LLC04/01/20236.44,7270.3
Brand Energy & Infrastructure Services Inc.12/01/20218.54,7250.3
Air Medical Merger Sub Corp.05/15/20236.44,7130.3
Tenet Healthcare Corp.06/15/20204.14,6880.3
Nationstar Mortgage LLC07/01/20216.54,6860.3
Clear Channel Worldwide Holdings Inc.03/15/20207.64,6590.3
Sirius XM Radio Inc.10/01/20205.94,5610.3
Level 3 Financing Inc.03/15/20265.24,5450.3
Rent-A-Center Inc.05/01/20214.84,5450.3
CDW LLC08/15/20226.04,5080.3
Bombardier Inc.01/15/20236.14,4610.2
Frontier Communications Corp.01/15/20237.14,4500.2
Mallinckrodt International Finance SA04/15/20255.54,4380.2
Orbital ATK Inc.10/01/20235.54,4310.2
Nova Chemicals Corp.08/01/20235.24,4160.2
Oasis Petroleum Inc.03/15/20226.94,4140.2
Oasis Petroleum Inc.01/15/20236.94,3990.2
WPX Energy Inc.08/01/20238.24,3930.2
T-Mobile USA Inc.03/01/20256.44,3670.2
Sanchez Energy Corp.01/15/20236.14,3330.2
Solenis International LP07/31/20227.84,2280.2
Sinclair Television Group Inc.10/01/20226.14,2100.2
T-Mobile USA Inc.01/15/20266.54,1750.2
Level 3 Financing Inc.06/01/20207.04,1740.2
Neuberger Berman Group LLC03/15/20225.94,1650.2
United Rentals North America Inc.06/15/20236.14,1500.2
Spirit Aerosystems Inc.12/15/20206.84,1480.2
RR Donnelley & Sons Co.04/01/20246.04,1380.2
Gardner Denver Inc.08/15/20216.94,1130.2
Penske Automotive Group Inc.10/01/20225.84,1000.2
Nuance Communications Inc.08/15/20205.44,0780.2
Mauser U.S. Holdings Inc.07/31/20228.84,0600.2
Murphy Oil Corp.12/01/20223.73,9750.2
Ferrellgas LP05/01/20216.53,8820.2
Churchill Downs Inc.12/15/20215.43,8810.2
Garda World Security Corp.11/15/20217.23,8750.2
Cascades Inc.07/15/20235.83,8420.2
TEGNA Inc.10/15/20236.43,7760.2
HCA Inc.05/01/20234.83,7740.2
First Data Corp.01/15/20245.83,7640.2
Prestige Brands Inc.12/15/20215.43,7140.2
Sprint Communications Inc.11/15/20226.03,6810.2
Neff Rental LLC06/09/20217.23,6710.2
Station Casinos LLC03/01/20217.53,6570.2
FelCor Lodging LP06/01/20256.03,6310.2
Rose Rock Midstream LP11/15/20235.63,6030.2
NCR Corp.12/15/20215.93,5920.2
Silgan Holdings Inc.04/01/20205.03,5880.2
Sinclair Television Group Inc.11/01/20216.43,4980.2
Dynegy Inc.11/01/20227.43,4880.2
DaVita HealthCare Partners Inc.08/15/20225.83,4570.2
TransDigm Inc.05/15/20256.53,4340.2
Dish DBS Corp.03/15/20235.03,3920.2
Univar USA Inc.07/15/20236.83,3700.2
RHP Hotel Properties LP04/15/20215.03,3480.2
CCO Holdings LLC04/30/20216.53,2710.2
CCO Holdings LLC05/01/20235.13,2640.2
Lincoln Finance Ltd.04/15/20217.43,2360.2
Boyd Gaming Corp.04/01/20266.43,2320.2
HD Supply Inc.07/15/20207.53,1990.2
BJ's Wholesale Club Inc.03/31/20208.53,1960.2
Ascena Retail Group Inc.08/21/20221.03,1760.2
Centene Escrow Corp.02/15/20246.13,1650.2
DuPont Fabros Technology LP09/15/20215.93,1580.2
Masonite International Corp.03/15/20235.63,1500.2
Virgin Media Finance plc10/15/20246.03,0940.2
Frontier Communications Corp.09/15/202210.53,0860.2
Sirius XM Radio Inc.04/15/20255.43,0600.2
CIT Group Inc.08/15/20225.03,0450.2
Altice Financing SA02/15/20236.63,0230.2
Digitalglobe Inc.02/01/20215.23,0210.2
Alliance Data Systems Corp.08/01/20225.43,0080.2
Numericable-SFR SAS05/15/20194.93,0000.2
Univision Communications Inc.05/15/20235.13,0000.2
Beverage Packaging Holdings Luxembourg II SA06/15/20176.02,9870.2
Prestige Brands Inc.03/01/20246.42,9850.2
NCR Corp.07/15/20225.02,9850.2
Advanced Disposal Services Inc.10/09/20193.82,9800.2
Altice SA05/15/20227.82,9670.2
Ally Financial Inc.11/05/20183.22,9580.2
Jll/Delta Dutch Pledgeco BV05/01/20208.82,9330.2
Calpine Corp.01/15/20235.42,9230.2
Avis Budget Car Rental LLC04/01/20235.52,9210.2
Cedar Fair LP03/15/20215.22,8520.2
Endo Finance LLC01/15/20225.82,8500.2
Micron Technology Inc.01/15/20245.22,8350.2
Mediacom Broadband LLC04/15/20215.52,8320.2
Unit Corp.05/15/20216.62,7610.2
Sirius XM Radio Inc.05/15/20234.62,7290.2
Valeant Pharmaceuticals International Inc.04/15/20256.12,7040.2
HCA Holdings Inc.02/15/20216.22,7000.2
Geo Group Inc.01/15/20225.92,6960.2
PQ Corp.11/01/20188.82,6830.2
Rite Aid Corp.06/15/20216.82,6470.1
Level 3 Financing Inc.05/01/20235.12,6390.1
Bombardier Inc.10/15/20226.02,6280.1
Virgin Media Finance plc04/15/20236.42,6130.1
SBA Telecommunications Inc.07/15/20205.82,5910.1
Clean Harbors Inc.06/01/20215.12,5410.1
Amaya Holdings BV08/01/20215.02,5240.1
GCI Inc.04/15/20256.92,5220.1
Avis Budget Car Rental LLC04/01/20246.42,5130.1
NGL Energy Partners LP10/15/20216.92,4690.1
Hornbeck Offshore Services Inc.03/01/20215.02,4200.1
Quintiles Transnational Corp.05/15/20234.92,4140.1
Whiting Petroleum Corp.03/15/20215.82,3450.1
Talen Energy Supply LLC06/01/20256.52,2960.1
Scientific Games International Inc.05/15/20216.62,2660.1
Denbury Resources Inc.05/01/20225.52,2300.1
First Data Corp.08/15/20235.42,2120.1
HCA Inc.02/15/20206.52,2000.1
Neptune Finco Corp.10/15/202510.92,1900.1
Covanta Holding Corp.03/01/20245.92,1690.1
Hillman Group Inc.07/15/20226.42,1420.1
United Rentals North America Inc.04/15/20227.62,1400.1
Cyrusone LP11/15/20226.42,0850.1
Frontier Communications Corp.03/15/20197.12,0650.1
MPLX LP06/01/20254.92,0560.1
Crown Americas LLC01/15/20234.52,0500.1
Aercap Ireland Capital Ltd.07/01/20224.62,0480.1
Acadia Healthcare Co. Inc.02/15/20235.62,0450.1
WideOpenWest Finance LLC07/15/201910.22,0100.1
Kratos Defense & Security Solutions Inc.05/15/20197.02,0070.1
Tesoro Logistics LP10/15/20226.22,0000.1
Valeant Pharmaceuticals International Inc.12/01/20215.61,9810.1
Univision Communications Inc.02/15/20255.11,9800.1
United Rentals North America Inc.07/15/20255.51,9330.1
WMG Acquisition Corp.04/15/20225.61,9230.1
Sterigenics-Nordion Holdings LLC05/15/20236.51,9030.1
Endo Finance LLC07/15/20236.01,8930.1
Precision Drilling Corp.11/15/20206.61,8920.1
Nustar Logistics LP02/01/20216.81,8800.1
Jupiter Resources Inc.10/01/20228.51,8730.1
Genesis Energy LP02/15/20215.81,8710.1
Communications Sales & Leasing Inc.10/15/20238.21,8650.1
Sabra Capital Corp.02/01/20215.51,8140.1
Centurylink Inc.04/01/20247.51,6810.1
Zayo Group LLC05/15/20256.41,6620.1
Mallinckrodt International Finance SA04/15/20234.81,6500.1
MPT Operating Partnership LP03/01/20246.41,5860.1
NetFlix Inc.02/15/20255.91,5860.1
Altice SA02/15/20257.61,5840.1
T-Mobile USA Inc.04/28/20216.61,5750.1
T-Mobile USA Inc.01/15/20246.51,5680.1
Silgan Holdings Inc.02/01/20225.51,5640.1
MPT Operating Partnership LP05/01/20216.91,5620.1
CrownRock Finance Inc.04/15/20217.11,5400.1
Hertz Corp.01/15/20217.41,5380.1
CCO Holdings LLC02/15/20235.11,5340.1
Pinnacle Foods Finance LLC01/15/20245.91,5190.1
Sensata Technologies BV10/01/20255.01,5190.1
RSP Permian Inc.10/01/20226.61,4700.1
Valeant Pharmaceuticals International Inc.07/15/20217.51,4670.1
Geo Group Inc.04/01/20235.11,4660.1
Archrock Partners LP10/01/20226.01,4500.1
SESI LLC05/01/20196.41,4260.1
SBA Communications Corp.10/01/20195.61,4140.1
Genesis Energy LP08/01/20226.81,4080.1
Advanced Disposal Services Inc.10/01/20208.21,3950.1
Range Resources Corp.05/15/20254.91,3200.1
Scientific Games International Inc.09/01/20206.21,3010.1
Amaya Holdings BV08/01/20228.01,2810.1
Eagle Spinco Inc.02/15/20214.61,2630.1
Level 3 Financing Inc.01/15/20216.11,1550.1
Global Partners LP06/15/20237.01,0880.1
Isle of Capri Casinos Inc.06/15/20208.91,0490.1
Aecom10/15/20245.91,0400.1
Hornbeck Offshore Services Inc.04/01/20205.91,0370.1
Covanta Holding Corp.12/01/20207.21,0360.1
Standard Industries Inc.02/15/20215.11,0290.1
Tronox Finance LLC03/15/20227.51,0160.1
Acadia Healthcare Co. Inc.07/01/20225.11,0150.1
Geo Group Inc.10/15/20245.91,0140.1
Level 3 Communications Inc.12/01/20225.81,0070.1
Sanchez Energy Corp.06/15/20217.89860.1
NCR Corp.12/15/20236.49320.1
CSC Holdings LLC06/01/20245.28940.1
DaVita Healthcare Partners Inc.07/15/20245.18350.0
Ball Corp.03/15/20225.07880.0
Endo Finance LLC01/15/20227.87700.0
Anixter Inc.03/01/20235.57610.0
Archrock Partners LP04/01/20216.07150.0
Hertz Corp.04/15/20196.86610.0
Sesi LLC12/15/20217.15300.0
Lamar Media Corp.02/01/20265.85260.0
UPCB Finance V Ltd.11/15/20217.25250.0
Valeant Pharmaceuticals International Inc.10/15/20206.44180.0
CrownRock Finance Inc.02/15/20237.83400.0
CCO Holdings LLC03/15/20215.22590.0
CCO Holdings LLC05/01/20255.42300.0
Total1,688,88895.5
Cash and Other Assets Less Liabilities4.5
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Economic SectorHarbor High-Yield Bond Fund %
Consumer Discretionary27.1
Industrials16.8
Health Care11.8
Materials7.0
Financials6.4
Telecommunication Services6.4
Information Technology5.6
Energy5.0
Utilities4.7
Consumer Staples3.8

Maturity Profile (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
MaturityHarbor High-Yield Bond Fund %BofA Merrill Lynch US Non-Distressed High Yield Index %
0-1 yr0.00.0
1-3 yr3.42.6
3-5 yr18.415.1
5-7 yr43.524.2
7-10 yr31.440.6
10-20 yr0.614.2
20-30 yr0.03.2
Over 30 yr0.00.2

Duration (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
DurationHarbor High-Yield Bond Fund %BofA Merrill Lynch US Non-Distressed High Yield Index %
0-1 yr13.37.1
1-3 yr13.823.2
3-5 yr40.135.9
5-7 yr28.625.2
7-10 yr1.56.0
10-20 yr0.02.6
20-30 yr0.00.0
Over 30 yr0.00.0

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 BofA Merrill Lynch US Non-Distressed High Yield Index is a subset of The BofA Merrill Lynch US High Yield Index including all securities with an option-adjusted spread less than 1,000 basis points. This unmanaged index does not reflect fees and expenses and is not available for direct investment.