Harbor Commodity Real Return Strategy Fund Administrative Class (HCMRX)

Portfolio Characteristics (As of Quarter Ended 06/30/2017)

Harbor Commodity Real Return Strategy FundBloomberg Commodity Index Total ReturnSM
Number of Issues81-
Average Market Coupon (%)1.35-
Yield to Maturity (%)2.18-
Weighted Avg. Maturity (yrs)3.77-
Weighted Avg. Duration (yrs)3.40-

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

Top Ten Holdings (As of Quarter Ended 06/30/2017)

SecuritiesMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds07/15/20191.97,64314.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.16,21311.6
U.S. Treasury Inflation Indexed Bonds04/15/20200.14,6048.6
U.S. Treasury Inflation Indexed Bonds07/15/20210.64,5078.4
U.S. Treasury Inflation Indexed Bonds04/15/20210.14,2577.9
U.S. Treasury Inflation Indexed Bonds07/15/20201.23,7427.0
U.S. Treasury Inflation Indexed Bonds01/15/20252.43,3476.2
U.S. Treasury Inflation Indexed Bonds07/15/20230.43,2996.1
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,1355.8
U.S. Treasury Inflation Indexed Bonds07/15/20240.12,9865.6
% of Total Holdings:43,73381.4

Full Holdings (As of Quarter Ended 06/30/2017)

SecuritiesMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds07/15/20191.97,64314.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.16,21311.6
U.S. Treasury Inflation Indexed Bonds04/15/20200.14,6048.6
U.S. Treasury Inflation Indexed Bonds07/15/20210.64,5078.4
U.S. Treasury Inflation Indexed Bonds04/15/20210.14,2577.9
U.S. Treasury Inflation Indexed Bonds07/15/20201.23,7427.0
U.S. Treasury Inflation Indexed Bonds01/15/20252.43,3476.2
U.S. Treasury Inflation Indexed Bonds07/15/20230.43,2996.1
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,1355.8
U.S. Treasury Inflation Indexed Bonds07/15/20240.12,9865.6
U.S. Treasury Inflation Indexed Bonds07/15/20181.42,8465.3
Brazil Letras Do Tesouro Nacional01/01/20180.02,0833.9
U.S. Treasury Inflation Indexed Bonds01/15/20250.22,0083.7
U.S. Treasury Inflation Indexed Bonds01/15/20240.61,7223.2
U.S. Treasury Inflation Indexed Bonds04/15/20180.11,4562.7
UBS Group Funding Jersey Ltd.04/14/20212.91,0361.9
New Zealand Government Bond09/20/20252.09381.7
U.K. Gilt Inflation Linked03/22/20240.17571.4
U.S. Treasury Inflation Indexed Bonds07/15/20250.47171.3
U.S. Treasury Inflation Indexed Bonds01/15/20292.56581.2
U.S. Treasury Notes02/15/20473.06511.2
People's Choice Home Loan Securities Trust01/25/20352.65471.0
U.S. Treasury Inflation Indexed Bonds04/15/20220.15000.9
SLM Student Loan Trust12/15/20230.04230.8
Deutsche Bank AG10/14/20214.24190.8
Venture CLO Ltd.01/20/20221.43460.6
U.K. Gilt Inflation Linked11/22/20650.13320.6
U.K. Gilt Inflation Linked03/22/20260.13220.6
Morgan Stanley ABS Capital I Inc. Trust10/25/20361.32630.5
Credit Suisse Group Funding Guernsey Ltd.09/15/20223.82600.5
Federal National Mortgage Association02/01/20414.02600.5
Bear Stearns Asset Backed Securities Trust07/25/20361.62590.5
Royal Bank of Scotland plc MTN04/09/20186.92400.4
International Lease Finance Corp.12/15/20208.22360.4
Sse plc10/01/20175.62310.4
Mexican Bonos06/14/20184.82300.4
Small Business Administration Participation Certificates11/01/20275.52170.4
U.S. Treasury Inflation Indexed Bonds01/15/20230.12100.4
Argentine Republic Government International Bond01/26/20276.92080.4
Petrobras Global Finance BV01/17/20226.12070.4
Ally Financial Inc.05/21/20183.62030.4
Spectra Energy Partners LP06/05/20201.92010.4
John Deere Capital Corp. MTN06/22/20201.62000.4
Enbridge Inc.06/15/20201.92000.4
Nykredit Realkredit AS07/01/20172.02000.4
Unibail-Rodamco SE MTN04/16/20191.91990.4
U.S. Treasury Inflation Indexed Bonds02/15/20470.91970.4
Petrobras Global Finance BV05/20/20234.41890.4
Soundview Home Loan Trust05/25/20361.51810.3
U.K. Gilt Inflation Linked03/22/20460.11720.3
Nykredit Realkredit AS10/01/20172.01540.3
BG Energy Capital plc11/30/20726.51330.2
U.S. Treasury Notes05/15/20473.01240.2
Autonomous Community of Catalonia02/11/20205.01230.2
MASTR Asset Backed Securities Trust06/25/20361.51150.2
Navient Corp. MTN01/15/20195.51040.2
ING Bank NV MTN12/05/20222.61010.2
AT&T Inc.01/15/20201.81010.2
US Treasury N/B 04/22 1.87504/30/20221.91000.2
Morgan Stanley Mortgage Loan Trust06/25/20363.1990.2
Navient Student Loan Trust03/25/20662.4950.2
Nykredit Realkredit AS10/01/20472.5880.2
Nordea Kredit Realkreditaktieselskab10/01/20172.0770.1
Realkredit Danmark AS10/01/20472.5740.1
U.K. Gilt Inflation Linked03/22/20440.1700.1
Brfkredit AS10/01/20172.0620.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20361.3580.1
Nordea Kredit Realkreditaktieselskab10/01/20171.0460.1
Nykredit Realkredit AS07/01/20171.0460.1
Brfkredit AS01/01/20184.0310.1
Realkredit Danmark AS04/01/20181.0310.1
U.K. Gilt Inflation Linked03/22/20580.1270.0
Hillmark Funding Ltd.05/21/20211.4260.0
Countrywide Asset-Backed Certificates04/25/20364.1210.0
Nordea Kredit Realkreditaktieselskab10/01/20172.0150.0
Brfkredit AS10/01/20472.5150.0
Nordea Kredit Realkreditaktieselskab10/01/20472.5150.0
Nykredit Realkredit AS10/01/20473.0130.0
U.S. Treasury Inflation Indexed Bonds02/15/20441.4110.0
First Horizon Alternative Mortgage Securities Trust 2006-Fa802/25/20376.0100.0
SLH Corp.12/31/20600.000.0
Total68,242126.6
Cash and Other Assets Less Liabilities-26.6
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Economic SectorHarbor Commodity Real Return Strategy Fund %
U.S. Government Obligations102.4
Foreign Government Obligations9.8
Corporate Bonds & Notes9.6
Asset-backed Securities4.8
Mortgage Pass-through0.5
Collateralized Mortgage Obligations0.2
Disqualified Positions0.0

Benchmark Sectors (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Economic SectorBloomberg Commodity Index Total ReturnSM %
Energy26.9
Grains23.8
Industrial Metals18.4
Precious Metals15.7
Livestock6.7
Softs5.7
Vegetable Oil2.8

Maturity Profile (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
MaturityHarbor Commodity Real Return Strategy Fund %
0-1 yr0.0
1-3 yr48.6
3-5 yr19.8
5-7 yr12.3
7-10 yr25.1
10-20 yr-4.1
20-30 yr-0.6
Over 30 yr-1.0

Duration (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
DurationHarbor Commodity Real Return Strategy Fund %
0-1 yr-0.5
1-3 yr35.2
3-5 yr12.1
5-7 yr77.9
7-10 yr-13.5
10-20 yr0.0
20-30 yr-20.5
Over 30 yr9.4

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 Bloomberg Commodity Index Total ReturnSM is a broadly diversified index that tracks the commodities markets through commodity futures contracts.