Harbor Real Return Fund Administrative Class (HRRRX)

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

 Harbor Real Return FundBarclays U.S. TIPS Index
Number of Issues11637
Average Market Coupon (%)1.800.95
Yield to Maturity (%)2.601.75
Weighted Avg. Maturity (yrs)98.49
Weighted Avg. Duration (yrs)8.098.02

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
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,82429.3
U.S. Treasury Inflation Indexed Bonds07/15/20210.628,39923.9
U.S. Treasury Inflation Indexed Bonds02/15/20441.413,11511.0
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,67410.6
U.S. Treasury Inflation Indexed Bonds01/15/20272.412,66110.6
U.S. Treasury Inflation Indexed Bonds01/15/20240.64,4463.7
U.S. Treasury Inflation Indexed Bonds07/15/20201.23,6823.1
U.S. Treasury Inflation Indexed Bonds07/15/20230.42,9402.5
U.S. Treasury Inflation Indexed Bonds04/15/20190.12,8932.4
Telefonica Emisiones Sau06/23/20171.32,4402.1
% of Total Holdings:118,07499.2

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,82429.3
U.S. Treasury Inflation Indexed Bonds07/15/20210.628,39923.9
U.S. Treasury Inflation Indexed Bonds02/15/20441.413,11511.0
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,67410.6
U.S. Treasury Inflation Indexed Bonds01/15/20272.412,66110.6
U.S. Treasury Inflation Indexed Bonds01/15/20240.64,4463.7
U.S. Treasury Inflation Indexed Bonds07/15/20201.23,6823.1
U.S. Treasury Inflation Indexed Bonds07/15/20230.42,9402.5
U.S. Treasury Inflation Indexed Bonds04/15/20190.12,8932.4
Telefonica Emisiones Sau06/23/20171.32,4402.1
Federal National Mortgage Association TBA05/12/20463.02,0481.7
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,8781.6
Federal Home Loan Bank Discount Notes05/06/20160.01,7991.5
France Government Bond OAT07/25/20202.21,7311.5
DBUBS Mortgage Trust07/10/20443.41,6961.4
U.S. Treasury Bonds02/15/20462.51,3651.1
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,1921.0
New Zealand Government Bond09/20/20252.01,1521.0
JPMorgan Chase & Co.06/23/20202.81,1280.9
U.K. Gilt Inflation Linked03/22/20440.11,1200.9
Ford Motor Credit Co. LLC01/16/20182.41,1060.9
Citigroup Mortgage Loan Trust Inc.08/25/20360.69410.8
Lavender Trust10/26/20366.29190.8
U.S. Treasury Inflation Indexed Bonds01/15/20230.18290.7
Deutsche Bundesrepublik Inflation Linked Bond04/15/20201.88200.7
Hellenic Republic Government International Bond MTN08/08/20173.88090.7
U.S. Treasury Notes02/15/20261.67890.7
U.K. Gilt Inflation Linked03/22/20460.17400.6
Mexican Udibonos11/08/20464.06860.6
RBSSP Resecuritization Trust07/26/20452.46660.6
Navient Corp. MTN05/03/20193.66540.5
JP Morgan Mortgage Acquisition Trust05/25/20370.66440.5
Aegis Asset Backed Securities Trust03/25/20351.46420.5
First Franklin Mortgage Loan Trust06/25/20361.26330.5
Hillmark Funding Ltd.05/21/20210.96250.5
Federal Home Loan Mortgage Corp. REMIC12/15/20371.05400.5
Hellenic Railways Organization SA03/17/20174.05190.4
JPMorgan Mortgage Acquisition Corp.05/25/20350.85040.4
U.S. Treasury Bills04/14/20160.05000.4
Goldman Sachs Group Inc.09/15/20201.84970.4
U.S. Treasury Inflation Indexed Bonds02/15/20461.04490.4
France Government Bond OAT04/25/20203.54460.4
Long Beach Mortgage Loan Trust08/25/20351.24250.4
AT&T Inc.05/15/20253.44020.3
U.S. Treasury Inflation Indexed Bonds04/15/20283.63840.3
Citigroup Mortgage Loan Trust Inc.08/25/20351.23730.3
U.S. Treasury Inflation Indexed Bonds01/15/20292.53610.3
Mexican Udibonos12/04/20254.53500.3
Credit Agricole SA06/23/20216.53340.3
Petrobras Global Finance BV01/27/20215.43330.3
BellSouth Corp.04/26/20214.83010.3
Federal National Mortgage Association REMIC02/25/20411.12810.2
U.S. Treasury Inflation Indexed Bonds02/15/20412.12790.2
Bundesobligation Inflation Linked04/15/20180.82480.2
Barclays plc12/15/20208.02210.2
Barclays Bank plc11/21/20227.62150.2
Royal Bank of Scotland plc MTN03/16/20229.52120.2
Mexican Bonos06/14/20184.82070.2
Morgan Stanley Mortgage Loan Trust06/25/20362.32040.2
AT&T Inc.06/30/20223.02030.2
Barclays plc09/15/20196.52020.2
U.S. Treasury Inflation Indexed Bonds07/15/20240.12010.2
Turkiye Garanti Bankasi AS04/20/20163.12000.2
AT&T Inc.05/15/20464.81960.2
Long Beach Mortgage Loan Trust01/25/20360.71730.1
GSAMP Trust10/25/20342.11620.1
Soundview Home Loan Trust05/25/20360.71570.1
Hewlett Packard Enterprise Co.10/05/20182.81530.1
Hewlett Packard Enterprise Co.10/05/20172.41510.1
Federal National Mortgage Association REMIC07/25/20370.81460.1
U.K. Gilt Inflation Linked03/22/20620.41440.1
Federal National Mortgage Association REMIC07/25/20370.81360.1
Federal National Mortgage Association REMIC05/25/20360.91140.1
MASTR Asset Backed Securities Trust06/25/20360.71110.1
U.K. Gilt Inflation Linked03/22/20680.11100.1
U.S. Treasury Bonds11/15/20453.01080.1
Countrywide Asset Backed Certificates08/25/20470.91070.1
Marche Mutui Srl01/27/20642.11060.1
AT&T Inc.06/30/20202.41010.1
AT&T Inc.05/15/20354.5990.1
AT&T Inc.06/30/20201.6990.1
Saxon Asset Securities Trust06/25/20334.0980.1
Petrobras Global Finance BV03/17/20173.0970.1
Securitized Asset Backed Receivables LLC Trust08/25/20351.0870.1
U.S. Treasury Inflation Indexed Bonds07/15/20162.5840.1
Interest Rate Swap Option 30 year03/29/20190.0750.1
U.S. Treasury Inflation Indexed Bonds02/15/20402.1700.1
U.S. Treasury Inflation Indexed Bonds02/15/20450.8680.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20360.5600.1
U.S. Treasury Inflation Indexed Bonds02/15/20430.6580.0
Interest Rate Swap Option 30 year10/23/20180.0550.0
Interest Rate Swap Option 30 year10/17/20180.0520.0
Marche Mutui Srl02/25/20550.2490.0
U.K. Gilt Inflation Linked03/22/20580.1460.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20352.6460.0
Residential Asset Securitization Trust01/25/20460.8310.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20332.6250.0
Interest Rate Swap Option 30 year12/10/20180.0160.0
Interest Rate Swap Option 30 year11/15/20180.0150.0
Colombian Tes03/25/20333.0140.0
Marche Mutui Srl10/27/20650.280.0
Wood Street CLO BV03/29/20210.180.0
Bear Stearns Adjustable Rate Mortgage Trust08/25/20352.440.0
Interest Rate Swap Option 5 year12/05/20160.020.0
Interest Rate Swap Option 1 year06/24/20160.020.0
Interest Rate Swap Option 1 year06/23/20160.020.0
Bear Stearns Adjustable Rate Mortgage Trust03/25/20352.920.0
Interest Rate Swap Option 1 year07/05/20160.010.0
Interest Rate Swap Option 1 year07/05/20160.010.0
Interest Rate Swap Option 1 year07/05/20160.010.0
U.K.  LIBOR  Future 90 day12/21/20160.010.0
Interest Rate Swap Option 1 year07/05/20160.000.0
Interest Rate Swap Option 1 year04/29/20160.000.0
Interest Rate Swap Option 1 year04/11/20160.000.0
Interest Rate Swap Option 1 year04/29/20160.000.0
Interest Rate Swap Option 1 year04/06/20160.000.0
Total157,528132.2
Cash and Other Assets Less Liabilities-32.2
Total Net Assets100%

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

As of Quarter Ended 03/31/2016
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations104.4
Corporate Bonds & Notes7.8
Foreign Government Obligations7.7
Asset-backed Securities4.5
Collateralized Mortgage Obligations3.5
Mortgage Pass-through2.7
U.S. Government Agencies1.5
Purchased Options0.2

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

As of Quarter Ended 03/31/2016
MaturityHarbor Real Return Fund %
0-1 yr22.7
1-3 yr5.4
3-5 yr5.2
5-7 yr8.3
7-10 yr36.8
10-20 yr5.9
20-30 yr16.9
Over 30 yr-1.3

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

As of Quarter Ended 03/31/2016
DurationHarbor Real Return Fund %
0-1 yr0.6
1-3 yr0.2
3-5 yr-2.5
5-7 yr19.6
7-10 yr38.4
10-20 yr4.0
20-30 yr38.3
Over 30 yr1.4

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.