Harbor Small Cap Growth Opportunities Fund Administrative Class (HRSOX)

Portfolio Characteristics (As of Quarter Ended 06/30/2015)

 Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings1011,163
Weighted Avg. Market Cap ($Mil)1,308.452,089.37
Median Market Cap ($Mil)1,111.75923.35
Price/Book Ratio2.974.36
Adj. Trailing P/E Ratio56.4459.65
Forecasted P/E Ratio21.8520.59
Earnings Growth Rate (%)18.9020.45
Proj. Earnings Growth Rate (%)18.4119.68
Return on Equity (%)17.6918.75
Turnover (unannualized % since 10/31)62-
Beta vs. Russell 2000® Growth Index0.96-
Beta vs. Russell 3000® Index1.22-

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

Top Ten Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]% of Net Assets
Synchronoss Technologies Inc. [SNCR]2.4
Gogo Inc. [GOGO]2.3
Maxlinear Inc. [MXL]2.1
Webmd Health Corp. [WBMD]2.0
Mobile Mini Inc. [MINI]1.7
WNS Holdings Ltd. ADR [WNS]1.7
Wageworks Inc. [WAGE]1.6
Korn/Ferry International [KFY]1.6
ExamWorks Group Inc. [EXAM]1.6
Churchill Downs Inc. [CHDN]1.5
% of Total Holdings:18.5

Full Holdings (As of Quarter Ended 06/30/2015)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Synchronoss Technologies Inc. [SNCR]US87157B1039445.734,2842.4
Gogo Inc. [GOGO]US38046C10918721.434,0082.3
Maxlinear Inc. [MXL]US57776J10031512.103,8132.1
Webmd Health Corp. [WBMD]US94770V1028044.283,5512.0
Mobile Mini Inc. [MINI]US60740F1057342.043,0771.7
WNS Holdings Ltd. ADR [WNS]IN92932M10111126.752,9781.7
Wageworks Inc. [WAGE]US9304271097240.452,9081.6
Korn/Ferry International [KFY]US5006432008334.772,8891.6
ExamWorks Group Inc. [EXAM]US30066A1057339.102,8471.6
Churchill Downs Inc. [CHDN]US17148410822125.052,7481.5
Cerus Corp. [CERS]US1570851015255.192,7271.5
DigitalGlobe Inc. [DGI]US25389M8779727.792,6851.5
Shutterfly Inc. [SFLY]US82568P3045647.812,6811.5
Innerworkings Inc. [INWK]US45773Y1053646.672,4271.4
Blackhawk Network Holdings Inc. [HAWK]US09238E1045941.202,4121.4
Novadaq Technologies Inc. [NVDQ]CA66987G10219812.112,4021.3
Caesarstone Sdot-Yam Ltd. [CSTE]ILM205981043568.542,3741.3
Pernix Therapeutics Holdings Inc. [PTX]US71426V1083995.922,3621.3
On Assignment Inc. [ASGN]US6821591085839.282,2771.3
Depomed Inc. [DEPO]US24990810410521.462,2531.3
Cyberonics Inc. [CYBX]US23251P1023759.462,2291.3
Ceb Inc. [CEB]US1251341062587.062,1661.2
MDC Partners Inc. [MDCA]CA55269710410819.702,1181.2
Encore Capital Group Inc. [ECPG]US2925541024842.742,0451.1
Barnes Group Inc. [B]US0678061095238.992,0441.1
H&E Equipment Services Inc. [HEES]US40403010810119.972,0191.1
Clubcorp Holdings Inc. [MYCC]US18948M1088323.881,9881.1
Cynosure Inc. [CYNO]US2325772055138.581,9821.1
Merit Medical Systems Inc. [MMSI]US5898891048821.541,9011.1
Belmond Ltd. [BEL]BMG1154H10715212.491,8981.1
QLIK Technologies Inc. [QLIK]US74733T1055434.961,8931.1
LendingTree Inc. [TREE]US52603B1072478.611,8871.1
Retailmenot Inc. [SALE]US76132B10610417.831,8611.0
HomeAway Inc. [AWAY]US43739Q1006031.121,8541.0
Ixia [XXIA]US45071R10914812.441,8381.0
Tuesday Morning Corp. [TUES]US89903550516211.271,8251.0
OSI Systems Inc. [OSIS]US6710441052670.791,8231.0
Callidus Software Inc. [CALD]US13123E50011515.581,7901.0
Dave & Buster's Entertainment Inc. [PLAY]US2383371094936.091,7651.0
Century Communities Inc. [CCS]US1565043008720.131,7581.0
Medicines Co. [MDCO]US5846881055928.611,6800.9
Ariad Pharmaceuticals Inc. [ARIA]US04033A1002028.271,6710.9
Cross Country Healthcare Inc. [CCRN]US22748310413112.681,6620.9
HMS Holdings Corp. [HMSY]US40425J1019617.171,6550.9
Exact Sciences Corp. [EXAS]US30063P1055529.741,6310.9
Iridium Communications Inc. [IRDM]US46269C1021799.091,6240.9
Motorcar Parts of America Inc. [MPAA]US6200711005430.091,6100.9
Quality Systems Inc. [QSII]US7475821049716.571,6100.9
La Quinta Holdings Inc. [LQ]US50420D1087022.851,6080.9
Healthcare Services Group Inc. [HCSG]US4219061084933.051,6080.9
Xoom Corp. [XOOM]US98419Q1017421.061,5680.9
Exlservice Holdings Inc. [EXLS]US3020811044534.581,5620.9
FARO Technologies Inc. [FARO]US3116421023346.701,5590.9
MaxPoint Interactive Inc. [MXPT]US57777M1021918.081,5420.9
Park-Ohio Holdings Corp. [PKOH]US7006661003248.461,5260.9
ICU Medical Inc. [ICUI]US44930G1071695.661,5170.9
Power Solutions International Inc. [PSIX]US73933G2022854.021,5130.8
National General Holdings Corp. [NGHC]US6362203037220.831,4990.8
NutriSystem Inc. [NTRI]US67069D1086024.881,4970.8
Wright Medical Group Inc. [WMGI]US98235T1075726.261,4880.8
Perficient Inc. [PRFT]US71375U1017719.241,4740.8
Logmein Inc. [LOGM]US54142L1092264.491,4330.8
Textura Corp. [TXTR]US8832111045127.831,4280.8
Vocera Communications Inc. [VCRA]US92857F10712511.451,4280.8
Circor International Inc. [CIR]US17273K1092654.531,4230.8
Financial Engines Inc. [FNGN]US3174851003342.481,4200.8
Penn National Gaming Inc. [PENN]US7075691097718.351,4040.8
Accuray Inc. [ARAY]US0043971052026.741,3630.8
IGI Laboratories Inc. [IG]US4495751092116.301,3310.7
Finisar Corp. [FNSR]US31787A5077417.871,3250.7
Del Frisco's Restaurant Group Inc. [DFRG]US2450771027018.631,3080.7
Francesca's Holdings Corp. [FRAN]US3517931049713.471,3040.7
Trueblue Inc. [TBI]US89785X1014329.901,2760.7
Fox Factory Holding Corp. [FOXF]US35138V1027816.081,2590.7
Interxion Holding NV [INXN]NLN472791094527.651,2500.7
BioSpecifics Technologies Corp. [BSTC]US0909311062351.601,1800.7
FTI Consulting Inc. [FCN]US3029411092941.241,1760.7
Arctic Cat Inc. [ACAT]US0396701043433.211,1450.6
National CineMedia Inc. [NCMI]US6353091077115.961,1370.6
Fluidigm Corp. [FLDM]US34385P1084724.201,1340.6
Malibu Boats Inc. [MBUU]US56117J1005620.091,1260.6
Mueller Water Products Inc. [MWA]US6247581081239.101,1210.6
Fleetmatics Group plc [FLTX]IEG355691052446.831,1040.6
Party City Holdco Inc. [PRTY]US7021491055320.271,0660.6
Gigamon Inc. [GIMO]US37518B1023232.991,0590.6
On Deck Capital Inc. [ONDK]US6821631009111.581,0520.6
Papa Murphy's Holdings Inc. [FRSH]US6988141005120.721,0490.6
Fred's Inc. [FRED]US3561081005419.291,0490.6
Tivo Inc. [TIVO]US88870610810310.141,0470.6
Evolent Health Inc. [EVH]US30050B1015319.501,0370.6
Nortek Inc. [NTK]US6565593091283.131,0010.6
Arcbest Corp. [ARCB]US03937C1053131.809740.5
Infoblox Inc. [BLOX]US45672H1043726.219670.5
Ruckus Wireless Inc. [RKUS]US7812201089310.349570.5
Rush Enterprises Inc. [RUSHA]US7818462093626.219350.5
HUB Group Inc. [HUBG]US4433201062140.348420.5
Lumber Liquidators Holdings Inc. [LL]US55003T1073820.717840.4
Vasco Data Security International Inc. [VDSI]US92230Y1042530.197510.4
EVINE Live Inc. [EVLV]US3004871052682.697200.4
Milacron Holdings Corp. [MCRN]US59870L1063119.686120.3
Total173,46896.6
Cash and Other Assets Less Liabilities3.4
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Information Technology28.723.2
Health Care22.027.5
Industrials21.814.1
Consumer Discretionary19.617.9
Financials4.47.1
Telecommunication Services0.91.0
Energy0.01.1
Consumer Staples0.03.2
Materials0.04.5
Utilities0.00.4

Sector Returns (As of Quarter Ended 06/30/2015)

As of Quarter Ended 06/30/2015
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Materials12.9-3.0
Telecommunication Services12.44.4
Information Technology9.93.1
Financials4.71.4
Industrials0.1-1.2
Cash0.00.0
Energy0.0-2.3
Utilities0.00.2
Health Care-1.46.0
Consumer Discretionary-3.2-0.0
Consumer Staples-12.0-2.6

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.