Harbor Small Cap Growth Opportunities Fund Administrative Class (HRSOX)

Portfolio Characteristics (As of Quarter Ended 06/30/2014)

 Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings1021,163
Weighted Avg. Market Cap ($Mil)1,462.441,903.12
Median Market Cap ($Mil)1,305.24866.00
Price/Book Ratio2.974.12
Adj. Trailing P/E Ratio58.4571.21
Forecasted P/E Ratio21.7320.29
Earnings Growth Rate (%)9.7016.67
Proj. Earnings Growth Rate (%)19.6719.18
Return on Equity (%)21.8320.90
Turnover (unannualized % since 10/31)28-
Beta vs. Russell 2000® Growth Index0.98-
Beta vs. Russell 3000® Index1.56-

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

Top Ten Holdings (As of Quarter Ended 06/30/2014)

Company Name [Ticker]% of Net Assets
Synchronoss Technologies Inc. [SNCR]2.6
Shutterfly Inc. [SFLY]1.9
Korn/Ferry International [KFY]1.9
On Assignment Inc. [ASGN]1.9
Gogo Inc. [GOGO]1.8
Webmd Health Corp. [WBMD]1.7
Aruba Networks Inc. [ARUN]1.7
Trimas Corp. [TRS]1.7
OSI Systems Inc. [OSIS]1.7
Dealertrack Technologies Inc. [TRAK]1.7
% of Total Holdings:18.6

Full Holdings (As of Quarter Ended 06/30/2014)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Synchronoss Technologies Inc. [SNCR]US87157B1031634.965422.6
Shutterfly Inc. [SFLY]US82568P304943.064081.9
Korn/Ferry International [KFY]US5006432001329.373931.9
On Assignment Inc. [ASGN]US6821591081135.573931.9
Gogo Inc. [GOGO]US38046C1091919.563811.8
Webmd Health Corp. [WBMD]US94770V102848.303701.7
Aruba Networks Inc. [ARUN]US0431761062117.523631.7
Trimas Corp. [TRS]US896215209938.133601.7
OSI Systems Inc. [OSIS]US671044105566.753561.7
Dealertrack Technologies Inc. [TRAK]US242309102845.343531.7
Wageworks Inc. [WAGE]US930427109748.213261.5
Circor International Inc. [CIR]US17273K109477.133011.4
ExamWorks Group Inc. [EXAM]US30066A105931.732961.4
Mobile Mini Inc. [MINI]US60740F105647.892741.3
Logmein Inc. [LOGM]US54142L109646.622711.3
Retailmenot Inc. [SALE]US76132B1061026.612701.3
H&E Equipment Services Inc. [HEES]US404030108736.342681.3
Microsemi Corp. [MSCC]US5951371001026.762631.2
Heartland Payment Systems Inc. [HPY]US42235N108641.212601.2
Quality Distribution Inc. [QLTY]US74756M1021714.862491.2
WNS Holdings Ltd. ADR [WNS]IN92932M1011319.182481.2
Roadrunner Transportation Systems Inc. [RRTS]US76973Q105928.102451.2
Movado Group Inc. [MOV]US624580106641.672421.1
DigitalGlobe Inc. [DGI]US25389M877927.802411.1
Vail Resorts Inc. [MTN]US91879Q109377.182351.1
Accuray Inc. [ARAY]US004397105268.802321.1
Innerworkings Inc. [INWK]US45773Y105278.502321.1
Encore Capital Group Inc. [ECPG]US292554102545.422281.1
Fleetmatics Group plc [FLTX]IEG35569105732.342251.1
Tuesday Morning Corp. [TUES]US8990355051317.822251.1
Lithia Motors Inc. [LAD]US536797103294.072231.1
Ariad Pharmaceuticals Inc. [ARIA]US04033A100356.372231.1
Belmond Ltd. [OEH]BMG1154H1071514.542231.1
Cynosure Inc. [CYNO]US2325772051021.252221.0
Amtrust Financial Services Inc. [AFSI]US032359309541.812221.0
Perficient Inc. [PRFT]US71375U1011119.472151.0
Exlservice Holdings Inc. [EXLS]US302081104729.452141.0
Pdc Energy Inc. [PDCE]US69327R101363.152041.0
Textura Corp. [TXTR]US883211104923.642031.0
Medicines Co. [MDCO]US584688105729.062021.0
Interxion Holding NV [INXN]NLN47279109727.382021.0
Trueblue Inc. [TBI]US89785X101727.572000.9
Ixia [XXIA]US45071R1091711.432000.9
Caesarstone Sdot-Yam Ltd. [CSTE]ILM20598104449.081970.9
Corporate Executive Board Co. [CEB]US21988R102368.221960.9
Bonanza Creek Energy Inc. [BCEI]US097793103357.191960.9
Capital Senior Living Corp. [CSU]US140475104823.841950.9
Endologix Inc. [ELGX]US29266S1061315.211940.9
Auxilium Pharmaceuticals Inc. [AUXL]US05334D1071020.061940.9
Argo Group International Holdings Ltd. [AGII]BMG0464B107451.111940.9
Procera Networks Inc. [PKT]US74269U2031910.091920.9
Veracyte Inc. [VCYT]US92337F1071117.121900.9
Ehealth Inc. [EHTH]US28238P109537.971840.9
Barnes Group Inc. [B]US067806109538.541830.9
Tivo Inc. [TIVO]US8887061081412.911830.9
Iridium Communications Inc. [IRDM]US46269C102218.461800.9
Goodrich Petroleum Corp. [GDP]US382410405627.601750.8
XPO Logistics Inc. [XPO]US983793100628.621730.8
Boulder Brands Inc. [BDBD]US1014051081214.181730.8
Park-Ohio Holdings Corp. [PKOH]US700666100358.111720.8
QLIK Technologies Inc. [QLIK]US74733T105822.621710.8
Multimedia Games Holding Co. Inc. [MGAM]US625453105629.641710.8
Thoratec Corp. [THOR]US885175307534.861710.8
Finisar Corp. [FNSR]US31787A507819.751670.8
Power Solutions International Inc. [PSIX]US73933G202271.971660.8
Red Robin Gourmet Burgers Inc. [RRGB]US75689M101271.201620.8
Allscripts Healthcare Solutions Inc. [MDRX]US01988P1081016.051610.8
Restoration Hardware Holdings Inc. [RH]US761283100293.051610.8
HMS Holdings Corp. [HMSY]US40425J101820.411580.7
InvenSense Inc. [INVN]US46123D205722.691570.7
Kodiak Oil & Gas Corp. [KOG]CA50015Q1001114.551570.7
Popeyes Louisiana Kitchen Inc. [PLKI]US732872106443.711550.7
Mueller Water Products Inc. [MWA]US624758108188.641520.7
La Quinta Holdings Inc. [LQ]US50420D108819.141510.7
Fluidigm Corp. [FLDM]US34385P108529.401510.7
Steris Corp. [STE]US859152100353.481510.7
K12 Inc. [LRN]US48273U102624.071510.7
Select Comfort Corp. [SCSS]US81616X103720.661480.7
Cerus Corp. [CERS]US157085101364.151470.7
ARC Group Worldwide Inc. [ARCW]US00213H1051015.201470.7
South State Corp. [SSB]US840441109261.001420.7
Angie's List Inc. [ANGI]US0347541011211.941420.7
Marcus & Millichap Inc. [MMI]US566324109625.511420.7
Gigamon Inc. [GIMO]US37518B102719.141390.7
Del Frisco's Restaurant Group Inc. [DFRG]US245077102527.561340.6
Houston Wire & Cable Co. [HWCC]US44244K1091112.411330.6
Nortek Inc. [NTK]US656559309189.761330.6
Integra Lifesciences Holding Corp. [IART]US457985208347.061320.6
Quality Systems Inc. [QSII]US747582104816.051300.6
Churchill Downs Inc. [CHDN]US171484108190.111290.6
American Woodmark Corp. [AMWD]US030506109431.871290.6
Matador Resources Co. [MTDR]US576485205429.281280.6
Cyberonics Inc. [CYBX]US23251P102262.461200.6
AMN Healthcare Services Inc. [AHS]US001744101912.301150.5
Essent Group Ltd. [ESNT]BMG3198U102620.091120.5
Merit Medical Systems Inc. [MMSI]US589889104715.101100.5
Blackhawk Network Holdings Inc. [HAWKB]US09238E203426.851060.5
Natus Medical Inc. [BABY]US639050103425.14910.4
Horizon Pharma Inc. [HZNP]US44047T109315.82520.2
Total20,44896.5
Cash and Other Assets Less Liabilities3.5
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Information Technology28.024.2
Industrials23.915.3
Health Care17.221.7
Consumer Discretionary15.015.6
Financials5.87.6
Energy4.14.5
Materials0.96.0
Telecommunication Services0.91.0
Consumer Staples0.83.5
Utilities0.00.7

Sector Returns (As of Quarter Ended 06/30/2014)

As of Quarter Ended 06/30/2014
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Energy31.619.7
Consumer Discretionary2.60.0
Industrials2.40.2
Information Technology0.31.7
Cash0.00.0
Utilities0.018.4
Materials-0.24.8
Financials-2.42.8
Health Care-4.60.1
Telecommunication Services-4.8-2.9
Consumer Staples-19.51.8

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 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.