Harbor Real Return Fund Administrative Class (HRRRX)

Portfolio Characteristics (As of Quarter Ended 06/30/2014)

 Harbor Real Return FundBarclays U.S. TIPS Index
Number of Issues114-
Average Market Coupon (%)1.441.13
Yield to Maturity (%)3.522.13
Weighted Avg. Maturity (yrs)8.098.57
Weighted Avg. Duration (yrs)6.787.22

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

Top Ten Holdings (As of Quarter Ended 06/30/2014)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds07/15/20220.150,88812.7
U.S. Treasury Inflation Indexed Bonds01/15/20220.139,1429.8
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,0308.8
U.S. Treasury Inflation Indexed Bonds07/15/20210.632,7078.2
U.S. Treasury Inflation Indexed Bonds01/15/20272.420,3315.1
U.S. Treasury Inflation Indexed Bonds01/15/20151.619,2084.8
U.S. Treasury Inflation Indexed Bonds01/15/20262.018,8734.7
U.S. Treasury Inflation Indexed Bonds04/15/20150.517,0034.2
U.S. Treasury Inflation Indexed Bonds01/15/20292.516,5804.1
U.S. Treasury Inflation Indexed Bonds01/15/20230.116,1824.0
% of Total Holdings:265,94466.4

Full Holdings (As of Quarter Ended 06/30/2014)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds07/15/20220.150,88812.7
U.S. Treasury Inflation Indexed Bonds01/15/20220.139,1429.8
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,0308.8
U.S. Treasury Inflation Indexed Bonds07/15/20210.632,7078.2
U.S. Treasury Inflation Indexed Bonds01/15/20272.420,3315.1
U.S. Treasury Inflation Indexed Bonds01/15/20151.619,2084.8
U.S. Treasury Inflation Indexed Bonds01/15/20262.018,8734.7
U.S. Treasury Inflation Indexed Bonds04/15/20150.517,0034.2
U.S. Treasury Inflation Indexed Bonds01/15/20292.516,5804.1
U.S. Treasury Inflation Indexed Bonds01/15/20230.116,1824.0
U.S. Treasury Inflation Indexed Bonds07/15/20201.215,3773.8
U.S. Treasury Inflation Indexed Bonds04/15/20293.912,7673.2
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,5293.1
U.S. Treasury Inflation Indexed Bonds01/15/20281.810,2122.6
Spain Government Bond01/31/20235.49,4272.4
Bundesobligation Inflation Linked04/15/20180.89,2222.3
U.S. Treasury Inflation Indexed Bonds01/15/20211.18,1052.0
U.S. Treasury Inflation Indexed Bonds07/15/20230.48,0012.0
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,8452.0
U.S. Treasury Inflation Indexed Bonds01/15/20240.67,0601.8
U.S. Treasury Inflation Indexed Bonds01/15/20201.46,9791.7
U.S. Treasury Inflation Indexed Bonds07/15/20172.66,1561.5
Telefonica Emisiones Sau06/23/20170.93,9011.0
U.S. Treasury Inflation Indexed Bonds02/15/20402.13,4930.9
U.S. Treasury Inflation Indexed Bonds07/15/20151.93,3020.8
DBUBS Mortgage Trust07/10/20443.42,9230.7
Hellenic Republic Treasury Bills07/18/20140.02,8720.7
Stone Street Trust12/15/20155.92,5570.6
Spain Government Bond04/30/20243.82,5530.6
SLM Student Loan Trust12/15/20230.52,4350.6
Italy Buoni Poliennali del Tesoro04/22/20172.22,4270.6
Italy Buoni Poliennali del Tesoro09/15/20242.42,3660.6
U.K. Gilt Inflation Linked07/26/20162.52,2950.6
Countrywide Asset-Backed Certificates12/25/20350.92,1680.5
New South Wales Treasury Corp.11/20/20352.51,9980.5
U.S. Treasury Inflation Indexed Bonds04/15/20190.11,8760.5
Italy Buoni Poliennali Del Tesoro09/15/20181.71,6070.4
France Government Bond Oat07/25/20180.21,4820.4
Hillmark Funding05/21/20210.51,4320.4
U.S. Treasury Inflation Indexed Bonds04/15/20170.11,4040.4
RASC Series Trust04/25/20370.41,3950.3
New Zealand Government Bond09/20/20252.01,3610.3
Bear Stearns ALT-A Trust07/25/20354.91,3600.3
Italy Buoni Poliennali del Tesoro10/22/20162.61,2850.3
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,2440.3
LBG Capital No.2 plc12/21/201915.01,2200.3
U.S. Treasury Inflation Indexed Bonds02/15/20430.61,2190.3
Slovenia Government Bond11/01/20164.71,1880.3
GATX Financial Corp.03/01/20165.81,0780.3
RBSSP Resecuritization Trust07/26/20452.39960.2
Federal Home Loan Mortgage Corp. REMIC12/15/20370.89650.2
Hellenic Republic Government International Bond MTN08/08/20173.89540.2
Holmes Master Issuer plc10/15/20541.78640.2
Lavender Trust Series10/26/20366.28520.2
Electricite de France SA01/20/20170.78040.2
Ally Financial Inc.12/01/20142.48030.2
Credit Agricole Home Loan SFH07/21/20141.08000.2
U.S. Treasury Inflation Indexed Bonds02/15/20420.87910.2
People's Choice Home Loan Securities Trust01/25/20351.57260.2
Navient Corp. MTN05/03/20194.27220.2
Aegis Asset Backed Securities Trust03/25/20351.27100.2
Hellenic Railways Organization SA03/17/20174.06530.2
Securitized Asset Backed Receivables LLC Trust08/25/20350.46460.2
U.S. Treasury Inflation Indexed Bonds07/15/20142.06300.2
Countrywide Alternative Loan Trust04/25/20376.06050.2
JP Morgan Mortgage Acquisition Trust05/25/20370.36030.2
Residential Asset Securitization Trust11/25/20366.05450.1
Banco Santander Brasil SA01/14/20164.25190.1
Citigroup Mortgage Loan Trust Inc.08/25/20351.05000.1
Xunta de Galicia04/03/20186.14820.1
Italy Buoni Poliennali Del Tesoro09/15/20212.14800.1
Federal National Mortgage Association REMIC02/25/20410.84750.1
Autonomous Community of Catalonia02/11/20205.04620.1
Italy Buoni Poliennali del Tesoro09/15/20162.14600.1
IndyMac Imsc Mortgage Loan Trust07/25/20470.34460.1
Long Beach Mortgage Loan Trust08/25/20350.64140.1
Intesa Sanpaolo SpA01/15/20163.14110.1
Hellenic Republic Treasury Bills08/18/20140.04100.1
Countrywide Alternative Loan Trust01/25/20365.54040.1
Deutsche Alt-A Securities Inc.04/25/20370.54020.1
New South Wales Treasury Corp.11/20/20252.83860.1
SLM Student Loan Trust09/15/20210.53680.1
Colombian Tes03/25/20333.03570.1
Countrywide Asset-Backed Certificates08/25/20470.73020.1
Federal National Mortgage Association REMIC07/25/20370.52640.1
Federal National Mortgage Association REMIC07/25/20370.52590.1
Lehman XS Trust08/25/20460.42510.1
Morgan Stanley Mortgage Loan Trust06/25/20362.12500.1
Federal National Mortgage Association REMIC05/25/20360.62310.1
GSAMP Trust10/25/20341.82240.1
Turkiye Garanti Bankasi AS04/20/20162.72000.1
Electricite de France SA01/20/20171.22000.1
JP Morgan Mortgage Trust06/25/20355.01780.0
Soundview Home Loan Trust05/25/20360.41700.0
Italy Buoni Poliennali del Tesoro09/15/20263.11670.0
Park Place Securities Inc.12/25/20341.21650.0
Countrywide Alternative Loan Trust04/25/20376.01650.0
Countrywide Alternative Loan Trust08/25/20366.01650.0
MASTR Asset Backed Securities Trust06/25/20360.41370.0
Wood Street CLO BV03/29/20210.71350.0
Saxon Asset Securities Trust06/25/20334.01250.0
Magi Funding plc04/11/20210.71250.0
Residential Asset Securitization Trust11/25/20366.21040.0
Morgan Stanley ABS Capital I Inc. Trust10/25/20360.2760.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20352.5740.0
Residential Accredit Loans Inc.06/25/20460.3600.0
Structured Asset Mortgage Investments Inc.05/25/20460.4570.0
Residential Asset Securitization Trust01/25/20460.6420.0
Washington Mutual Mortgage Pass Through Certificates09/25/20332.4400.0
Bear Stearns Adjustable Rate Mortgage Trust08/25/20352.2100.0
Bear Stearns Adjustable Rate Mortgage Trust03/25/20352.690.0
Interest Rate Swap Option 5 year11/10/20140.090.0
Bear Stearns Adjustable Rate Mortgage Trust08/25/20352.250.0
Bear Stearns Adjustable Rate Mortgage Trust03/25/20352.520.0
Total458,911114.3
Cash and Other Assets Less Liabilities-14.3
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations93.7
Foreign Government Obligations11.1
Corporate Bonds & Notes3.5
Asset-backed Securities3.1
Collateralized Mortgage Obligations2.8
Mortgage Pass-through0.5
Purchased Options0.0

Maturity Profile (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
MaturityHarbor Real Return Fund %Barclays U.S. TIPS Index %
0-1 yr0.00.0
1-3 yr5.519.0
3-5 yr14.015.2
5-7 yr11.312.2
7-10 yr40.227.4
10-20 yr29.818.3
20-30 yr0.47.9
Over 30 yr-1.20.0

Duration (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
DurationHarbor Real Return Fund %Barclays U.S. TIPS Index %
0-1 yr0.80.0
1-3 yr3.118.9
3-5 yr9.615.8
5-7 yr22.614.8
7-10 yr49.827.5
10-20 yr12.215.0
20-30 yr1.98.0
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 Barclays U.S. TIPS Index is an unmanaged market index comprised of all U.S. Treasury Inflation Protected Securities rated investment grade (Baa3 or better), have at least one year to final maturity, and at least $250 million par amount outstanding.  This unmanaged index does not reflect fees and expenses and is not available for direct investment.