Harbor Real Return Fund Administrative Class (HRRRX)

Portfolio Characteristics (As of Quarter Ended 12/31/2016)

 Harbor Real Return FundBloomberg Barclays U.S. TIPS Index
Number of Issues7837
Average Market Coupon (%)1.460.89
Yield to Maturity (%)2.932.20
Weighted Avg. Maturity (yrs)8.418.26
Weighted Avg. Duration (yrs)7.607.75

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

Top Ten Holdings (As of Quarter Ended 12/31/2016)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.432,19230.4
U.S. Treasury Inflation Indexed Bonds07/15/20210.613,38712.6
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,66212.0
U.S. Treasury Inflation Indexed Bonds02/15/20441.412,36411.7
U.S. Treasury Inflation Indexed Bonds01/15/20272.48,6288.2
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,9243.7
U.S. Treasury Inflation Indexed Bonds07/15/20240.12,6422.5
U.S. Treasury Notes11/30/20211.82,5592.4
U.S. Treasury Inflation Indexed Bonds01/15/20250.22,4602.3
Telefonica Emisiones Sau06/23/20171.62,1542.0
% of Total Holdings:92,97287.8

Full Holdings (As of Quarter Ended 12/31/2016)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.432,19230.4
U.S. Treasury Inflation Indexed Bonds07/15/20210.613,38712.6
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,66212.0
U.S. Treasury Inflation Indexed Bonds02/15/20441.412,36411.7
U.S. Treasury Inflation Indexed Bonds01/15/20272.48,6288.2
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,9243.7
U.S. Treasury Inflation Indexed Bonds07/15/20240.12,6422.5
U.S. Treasury Notes11/30/20211.82,5592.4
U.S. Treasury Inflation Indexed Bonds01/15/20250.22,4602.3
Telefonica Emisiones Sau06/23/20171.62,1542.0
Federal National Mortgage Association TBA02/12/20433.01,9831.9
Japan Treasury Discount Bill02/06/20170.01,8831.8
Japan Treasury Discount Bill01/10/20170.01,7971.7
U.S. Treasury Inflation Indexed Bonds04/15/20200.11,7731.7
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,6841.6
U.S. Treasury Inflation Indexed Bonds04/15/20190.11,6191.5
U.S. Treasury Inflation Indexed Bonds01/15/20230.11,4561.4
U.S. Treasury Inflation Indexed Bonds01/15/20292.51,4411.4
U.S. Treasury Inflation Indexed Bonds07/15/20220.11,2231.2
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,1901.1
New Zealand Government Bond09/20/20252.01,1701.1
JP Morgan Chase & Co.06/23/20202.81,1101.0
Federal National Mortgage Association TBA02/12/20233.51,0231.0
Lavender Trust10/26/20366.29260.9
U.S. Treasury Inflation Indexed Bonds04/15/20283.69050.9
Hellenic Republic Government International Bond MTN08/08/20173.88390.8
Navient Corp. MTN05/03/20193.47190.7
U.S. Treasury Inflation Indexed Bonds02/15/20461.06770.6
Santander Holdings USA Inc.11/24/20172.46050.6
France Government Bond OAT07/25/20202.25900.6
U.K. Gilt Inflation Linked03/22/20260.15650.5
Goldman Sachs Group Inc.09/15/20202.25050.5
Deutsche Bank AG10/14/20214.25020.5
Whitehorse VI Ltd.02/03/20252.15000.5
Long Beach Mortgage Loan Trust08/25/20351.54780.5
U.S. Treasury Inflation Indexed Bonds07/15/20201.24680.4
Federal Home Loan Mortgage Corp. REMIC12/15/20371.34450.4
U.S. Treasury Inflation Indexed Bonds01/15/20260.64410.4
Petrobras Global Finance BV01/27/20215.43910.4
U.S. Treasury Inflation Indexed Bonds07/15/20230.43880.4
Mexican Bonos05/29/20317.83830.4
Citigroup Mortgage Loan Trust Inc.08/25/20351.33600.3
Hillmark Funding Ltd.05/21/20211.23540.3
U.K. Gilt Inflation Linked03/22/20460.13380.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.12910.3
U.S. Treasury Inflation Indexed Bonds02/15/20412.12890.3
Federal National Mortgage Association REMIC02/25/20411.42230.2
Long Beach Mortgage Loan Trust01/25/20361.12130.2
U.K. Gilt Inflation Linked03/22/20240.12060.2
Royal Bank of Scotland plc MTN03/16/20229.52030.2
Navient Student Loan Trust03/25/20661.92000.2
Toronto Dominion Bank03/15/20212.21990.2
Soundview Home Loan Trust05/25/20361.01760.2
Mexican Bonos06/14/20184.81670.2
U.S. Treasury Inflation Indexed Bonds07/15/20260.11560.1
Morgan Stanley Mortgage Loan Trust06/25/20362.71460.1
GSAMP Trust10/25/20342.41380.1
U.S. Treasury Inflation Indexed Bonds02/15/20430.61160.1
Federal National Mortgage Association REMIC07/25/20371.11150.1
MASTR Asset Backed Securities Trust06/25/20361.01100.1
American International Group Inc. MTN01/16/20185.81040.1
Aercap Ireland Capital Ltd.10/30/20204.61040.1
Navient Corp. MTN01/15/20195.51040.1
Ally Financial Inc.09/10/20184.81030.1
U.S. Treasury Notes12/31/20212.11010.1
Ally Financial Inc.01/27/20193.51010.1
Federal National Mortgage Association REMIC07/25/20371.11000.1
ING Bank NV MTN12/05/20222.6990.1
Saxon Asset Securities Trust06/25/20334.0870.1
Federal National Mortgage Association REMIC05/25/20361.2660.1
U.K. Gilt Inflation Linked03/22/20440.1640.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20360.8620.1
U.K. Gilt Inflation Linked03/22/20580.1520.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20353.0370.0
U.S. Treasury Inflation Indexed Bonds07/15/20250.4300.0
Residential Asset Securitization Trust01/25/20461.2280.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20332.8220.0
U.S. Treasury Inflation Indexed Bonds04/15/20210.100.0
Total127,915121.1
Cash and Other Assets Less Liabilities-21.1
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations99.3
Foreign Government Obligations7.6
Corporate Bonds & Notes6.6
Mortgage Pass-through3.7
Asset-backed Securities2.2
Collateralized Mortgage Obligations1.4

Maturity Profile (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
MaturityHarbor Real Return Fund %
0-1 yr10.6
1-3 yr7.2
3-5 yr18.5
5-7 yr-5.1
7-10 yr48.6
10-20 yr10.2
20-30 yr11.4
Over 30 yr-1.4

Duration (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
DurationHarbor Real Return Fund %
0-1 yr-0.2
1-3 yr1.0
3-5 yr10.6
5-7 yr13.0
7-10 yr44.4
10-20 yr-1.6
20-30 yr32.5
Over 30 yr0.3

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 Bloomberg 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.