Harbor Small Cap Growth Opportunities Fund Administrative Class (HRSOX)

Portfolio Characteristics (As of Quarter Ended 06/30/2016)

 Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings941,177
Weighted Avg. Market Cap ($Mil)1,236.811,814.68
Median Market Cap ($Mil)1,071.98789.33
Price/Book Ratio2.663.56
Adj. Trailing P/E Ratio65.4943.12
Forecasted P/E Ratio18.8318.39
Earnings Growth Rate (%)13.9012.74
Proj. Earnings Growth Rate (%)20.4316.54
Return on Equity (%)17.5218.19
Turnover (unannualized % since 10/31)63-
Beta vs. Russell 2000® Growth Index0.96-
Beta vs. Russell 3000® Index1.14-

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

Top Ten Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]% of Net Assets
Maxlinear Inc. [MXL]3.3
Synchronoss Technologies Inc. [SNCR]3.0
MDC Partners Inc. [MDCA]2.2
Wageworks Inc. [WAGE]2.1
WNS Holdings Ltd. ADR [WNS]1.9
Endologix Inc. [ELGX]1.8
Cerus Corp. [CERS]1.7
Logmein Inc. [LOGM]1.6
National General Holdings Corp. [NGHC]1.6
Blackhawk Network Holdings Inc. [HAWK]1.6
% of Total Holdings:20.8

Full Holdings (As of Quarter Ended 06/30/2016)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Maxlinear Inc. [MXL]US57776J10036517.986,5623.3
Synchronoss Technologies Inc. [SNCR]US87157B10318931.866,0263.0
MDC Partners Inc. [MDCA]CA55269710424418.294,4662.2
Wageworks Inc. [WAGE]US9304271097059.814,1662.1
WNS Holdings Ltd. ADR [WNS]IN92932M10113927.003,7431.9
Endologix Inc. [ELGX]US29266S10629712.463,7001.8
Cerus Corp. [CERS]US1570851015506.243,4311.7
Logmein Inc. [LOGM]US54142L1095263.433,3031.6
National General Holdings Corp. [NGHC]US63622030315321.423,2691.6
Blackhawk Network Holdings Inc. [HAWK]US09238E1049533.493,1921.6
Merit Medical Systems Inc. [MMSI]US58988910416019.833,1711.6
Innerworkings Inc. [INWK]US45773Y1053538.272,9201.5
LendingTree Inc. [TREE]US52603B1073388.332,9111.4
ICU Medical Inc. [ICUI]US44930G10726112.752,8931.4
On Assignment Inc. [ASGN]US6821591087836.952,8931.4
Wright Medical Group NV [WMGI]NLN9661711816417.372,8491.4
Clubcorp Holdings Inc. [MYCC]US18948M10821713.002,8151.4
Callidus Software Inc. [CALD]US13123E50014119.982,8101.4
Infoblox Inc. [BLOX]US45672H10414718.762,7581.4
Vocera Communications Inc. [VCRA]US92857F10721312.852,7431.4
Penn National Gaming Inc. [PENN]US70756910919513.952,7231.4
Churchill Downs Inc. [CHDN]US17148410822126.362,7181.4
Gogo Inc. [GOGO]US38046C1093218.392,6971.3
Interxion Holding NV [INXN]NLN472791097236.882,6391.3
Teligent Inc. [TLGT]US87960W1043667.142,6121.3
Novadaq Technologies Inc. [NVDQ]CA66987G1022459.842,4131.2
Tubemogul Inc. [TUBE]US89857010620211.902,4101.2
Mobile Mini Inc. [MINI]US60740F1056934.642,3741.2
Planet Fitness Inc. [PLNT]US72703H10112518.882,3641.2
Korn/Ferry International [KFY]US50064320011120.702,3061.1
Vasco Data Security International Inc. [VDSI]US92230Y10413816.392,2621.1
Dycom Industries Inc. [DY]US2674751012589.762,2411.1
Shutterstock Inc. [SSTK]US8256901004845.802,2011.1
Ambarella Inc. [AMBA]KYG037AX1014350.812,1811.1
Ariad Pharmaceuticals Inc. [ARIA]US04033A1002907.392,1451.1
Fleetmatics Group plc [FLTX]IEG355691054943.332,1271.1
Teladoc Inc. [TDOC]US87918A10513116.022,0991.0
Infinera Corp. [INFN]US45667G10318511.282,0851.0
National CineMedia Inc. [NCMI]US63530910713515.482,0831.0
Imperva Inc. [IMPV]US45321L1004843.012,0821.0
Exact Sciences Corp. [EXAS]US30063P10516612.252,0301.0
Pacira Pharmaceuticals Inc. [PCRX]US6951271006033.732,0101.0
Party City Holdco Inc. [PRTY]US70214910514313.911,9931.0
Shutterfly Inc. [SFLY]US82568P3044346.611,9881.0
Chegg Inc. [CHGG]US1630921093975.001,9831.0
Tuesday Morning Corp. [TUES]US8990355052787.021,9541.0
Caesarstone Ltd. [CSTE]ILM205981045634.761,9321.0
Beacon Roofing Supply Inc. [BECN]US0736851094245.471,9311.0
Century Communities Inc. [CCS]US15650430010917.341,8920.9
NutriSystem Inc. [NTRI]US67069D1087325.361,8510.9
Financial Engines Inc. [FNGN]US3174851007125.871,8460.9
Bankrate Inc. [RATE]US06647F1022457.481,8320.9
Evolent Health Inc. [EVH]US30050B1019419.201,8120.9
Medicines Co. [MDCO]US5846881055433.631,8120.9
Iridium Communications Inc. [IRDM]US46269C1021998.881,7660.9
Dave & Buster's Entertainment Inc. [PLAY]US2383371093746.791,7410.9
Coherent Inc. [COHR]US1924791031991.781,7300.9
Barnes Group Inc. [B]US0678061095133.121,6930.8
Ceb Inc. [CEB]US1251341062761.681,6850.8
Accuray Inc. [ARAY]US0043971053235.191,6750.8
Nuvasive Inc. [NUVA]US6707041052759.721,6200.8
Circor International Inc. [CIR]US17273K1092856.991,6110.8
Mercury Systems Inc. [MRCY]US5893781086524.861,6040.8
Encore Capital Group Inc. [ECPG]US2925541026623.531,5490.8
Perficient Inc. [PRFT]US71375U1017520.311,5230.8
Zeltiq Aesthetics Inc. [ZLTQ]US98933Q1085527.331,5120.8
Masonite International Corp. [DOOR]CA5753851092266.141,4710.7
Habit Restaurants Inc. [HABT]US40449J1038616.381,4130.7
H&E Equipment Services Inc. [HEES]US4040301087219.031,3740.7
Power Solutions International Inc. [PSIX]US73933G2027717.851,3680.7
Oclaro Inc. [OCLR]US67555N2062774.881,3510.7
Bofi Holding Inc. [BOFI]US05566U1087617.711,3390.7
Spectranetics Corp. [SPNC]US84760C1077118.711,3290.7
Echo Global Logistics Inc. [ECHO]US27875T1015722.421,2690.6
Pandora Media Inc. [P]US69835410710212.451,2650.6
Quotient Technology Inc. [QUOT]US7491191039413.411,2610.6
NN Inc. [NNBR]US6293371068913.991,2390.6
Belmond Ltd. [BEL]BMG1154H1071229.901,2030.6
Gigamon Inc. [GIMO]US37518B1023137.391,1660.6
Cryolife Inc. [CRY]US2289031009811.811,1540.6
DigitalGlobe Inc. [DGI]US25389M8775421.391,1520.6
Methode Electronics Inc. [MEI]US5915202003334.231,1380.6
Talmer Bancorp Inc. [TLMR]US87482X1015719.171,1020.5
Fox Factory Holding Corp. [FOXF]US35138V1026317.371,0940.5
Proofpoint Inc. [PFPT]US7434241031763.091,0860.5
On Deck Capital Inc. [ONDK]US6821631002115.151,0860.5
BioSpecifics Technologies Corp. [BSTC]US0909311062639.941,0420.5
Angie's List Inc. [ANGI]US0347541011586.511,0270.5
Aralez Pharmaceuticals Inc. [ARLZ]CA03852X1003033.301,0010.5
QLIK Technologies Inc. [QLIK]US74733T1053329.589810.5
Global Eagle Entertainment Inc. [ENT]US37951D1021356.648980.4
EVINE Live Inc. [EVLV]US3004871054231.656990.3
Nobilis Health Corp. [HLTH]CA65500B1031572.233510.2
Papa Murphy's Holdings Inc. [FRSH]US698814100166.641060.1
Total194,92396.9
Cash and Other Assets Less Liabilities3.1
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Information Technology31.524.3
Health Care22.622.4
Consumer Discretionary17.916.4
Industrials17.515.5
Financials6.510.5
Telecommunication Services0.91.1
Energy0.01.0
Utilities0.00.9
Consumer Staples0.03.3
Materials0.04.6

Sector Returns (As of Quarter Ended 06/30/2016)

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Telecommunication Services12.811.5
Health Care10.25.1
Industrials6.92.2
Information Technology3.93.8
Cash0.10.0
Consumer Staples0.09.0
Energy0.09.6
Materials0.07.2
Utilities0.011.9
Consumer Discretionary-5.8-1.3
Financials-9.61.5

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 Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Russell Investments.