Harbor Global Growth Fund Administrative Class (HRGAX)

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

 Harbor Global Growth FundMSCI All Country World (ND) Index
Number of Holdings332,486
Weighted Avg. Market Cap ($Mil)120,927.02100,930.49
Median Market Cap ($Mil)43,045.208,801.46
Price/Book Ratio6.132.76
Adj. Trailing P/E Ratio28.9718.89
Forecasted P/E Ratio22.0716.36
Earnings Growth Rate (%)16.226.94
Proj. Earnings Growth Rate (%)17.7010.61
Return on Equity (%)20.7913.32
Turnover (unannualized % since 10/31)20-
Beta vs. MSCI AC World Index0.94-
Beta vs. MSCI EAFE (ND) Index0.80-

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

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

Company Name [Ticker]% of Net Assets
Tencent Holdings Ltd. [700]5.3
Facebook Inc. [FB]4.9
Alibaba Group Holding Ltd. ADR [BABA]4.4
Alphabet Inc. Class A [GOOGL]3.9
Amazon.com Inc. [AMZN]3.9
Domino's Pizza Enterprises Ltd. [DMP]3.7
Ryanair Holdings plc ADR [RYAAY]3.5
UnitedHealth Group Inc. [UNH]3.5
Domino's Pizza Group plc [DOM]3.4
ASML Holding NV [ASML]3.4
% of Total Holdings:39.9

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Tencent Holdings Ltd. [700]CN8024.251,9355.3
Facebook Inc. [FB]US15115.051,7764.9
Alibaba Group Holding Ltd. ADR [BABA]CN1887.811,6184.4
Alphabet Inc. Class A [GOOGL]US2792.451,4393.9
Amazon.com Inc. [AMZN]US2749.871,4333.9
Domino's Pizza Enterprises Ltd. [DMP]AU2946.761,3593.7
Ryanair Holdings plc ADR [RYAAY]IE1683.261,2933.5
UnitedHealth Group Inc. [UNH]US8160.041,2853.5
Domino's Pizza Group plc [DOM]GB2824.441,2533.4
ASML Holding NV [ASML]NL11112.071,2253.4
First Republic Bank [FRC]US1392.141,1913.3
Home Depot Inc. [HD]US9134.081,1663.2
Hermes International SA [RMS]FR3410.221,1513.2
Anheuser-Busch InBev SA [ABI]BE11105.841,1503.2
SAP SE [SAP]DE1386.511,1313.1
Infineon Technologies AG [IFX]DE6517.301,1283.1
Dollarama Inc. [DOL]CA1573.271,1203.1
VISA Inc. [V]US1478.021,0993.0
Barclays plc [BARC]GB3982.741,0933.0
O'reilly Automotive Inc. [ORLY]US4278.411,0722.9
Salesforce.com Inc. [CRM]US1568.461,0512.9
Adidas AG [ADS]DE7157.721,0272.8
Amgen Inc. [AMGN]US7146.219622.6
Intuitive Surgical Inc. [ISRG]US1634.179202.5
Sherwin-Williams Co. [SHW]US3268.749132.5
Sands China Ltd. [1928]CN2124.319132.5
Accenture plc [ACN]IE8117.139042.5
Celgene Corp. [CELG]US7115.758272.3
Nielsen Holdings plc [NLSN]GB1741.957122.0
HCA Holdings Inc. [HCA]US574.023831.1
Tractor Supply Co. [TSCO]US575.813761.0
Constellation Brands Inc. [STZ]US2153.313671.0
Wirecard AG [WDI]DE842.913400.9
Total35,61297.6
Cash and Other Assets Less Liabilities2.4
Total Net Assets100%

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

As of Quarter Ended 12/31/2016
Economic SectorHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Information Technology37.415.5
Consumer Discretionary29.812.1
Health Care12.011.1
Financials6.318.7
Industrials5.510.6
Consumer Staples4.29.5
Materials2.55.3
Utilities0.03.2
Energy0.07.4
Telecommunication Services0.03.6
Real Estate0.03.1

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

As of Quarter Ended 12/31/2016
Sector ReturnsHarbor Global Growth Fund %MSCI All Country World (ND) Index %
Financials22.812.3
Cash15.50.0
Energy0.07.6
Real Estate0.0-6.2
Telecommunication Services0.0-2.2
Utilities0.0-3.3
Materials-2.63.0
Industrials-3.61.7
Health Care-4.3-5.4
Consumer Discretionary-6.00.9
Information Technology-8.0-0.8
Consumer Staples-17.4-5.9

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

As of Quarter Ended 12/31/2016
CountryHarbor Global Growth Fund %MSCI All Country World (ND) Index %
United States44.653.7
China12.22.8
Germany9.93.0
United Kingdom8.46.2
Ireland6.00.2
Australia3.72.2
Netherlands3.41.1
France3.23.3
Belgium3.20.4
Canada3.13.3
Other2.323.8

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 MSCI AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.