Harbor International Fund Investor Class (HIINX)

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

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings72930
Weighted Avg. Market Cap ($Mil)66,991.2854,828.93
Median Market Cap ($Mil)28,202.498,513.56
Price/Book Ratio1.931.51
Adj. Trailing P/E Ratio17.6915.23
Forecasted P/E Ratio16.6614.09
Earnings Growth Rate (%)6.075.52
Proj. Earnings Growth Rate (%)9.429.55
Return on Equity (%)14.9713.64
Turnover (unannualized % since 10/31)11-
Beta vs. MSCI EAFE (ND) Index1.01-

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
Las Vegas Sands Corp. [LVS]4.1
Novo Nordisk AS [NOVOB]3.8
Roche Holding AG [ROG]3.3
Shire plc [SHP]3.1
Wynn Resorts Ltd. [WYNN]3.0
Schlumberger Ltd. [SLB]3.0
Novartis AG [NOVN]2.9
Essilor International SA [EI]2.8
Unibail-Rodamco SE [UL]2.7
Alibaba Group Holding Ltd. ADR [BABA]2.6
% of Total Holdings:31.3

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US36,05143.491,567,8464.1
Novo Nordisk AS [NOVOB]DK27,28953.851,469,5803.8
Roche Holding AG [ROG]CH4,912263.881,296,0553.3
Shire plc [SHP]GB19,15761.801,183,9213.1
Wynn Resorts Ltd. [WYNN]US12,95290.641,173,9823.0
Schlumberger Ltd. [SLB]US14,49679.081,146,3573.0
Novartis AG [NOVN]CH13,54882.541,118,2042.9
Essilor International SA [EI]FR8,352131.431,097,7042.8
Unibail-Rodamco SE [UL]FR4,060258.691,050,3822.7
Alibaba Group Holding Ltd. ADR [BABA]CN12,51679.53995,3942.6
Anheuser-Busch InBev NV [ABI]BE7,267132.24960,9832.5
Heineken NV [HEIA]NL10,15991.72931,8322.4
Nestlé SA [NESN]CH12,00177.48929,8482.4
Diageo plc [DGE]GB29,92227.94835,8772.2
Rolls-Royce Holdings plc [RR.]GB86,8749.54829,2092.1
L'Oreal SA [OR]FR4,208191.45805,6452.1
Pernod Ricard SA [RI]FR7,238110.72801,3742.1
Reckitt Benckiser Group plc [RB.]GB7,922100.27794,3362.1
Atlas Copco AB [ATCOA]SE30,03225.97780,0042.0
Tokio Marine Holdings Inc. [8766]JP23,28433.29775,1622.0
Standard Chartered plc [STAN]GB92,4917.59701,7291.8
Cie Generale des Etablissements Michelin [ML]FR7,34094.24691,7261.8
Lloyds Banking Group plc [LLOY]GB899,3400.72651,3821.7
Linde AG [LIN]DE4,544139.34633,2091.6
UBS Group AG [UBSG]CH47,70412.98618,9911.6
Japan Tobacco Inc. [2914]JP15,32940.30617,7881.6
Schneider Electric SE [SU]FR10,28458.34599,9611.6
SAP SE [SAP]DE7,98475.11599,6701.5
Allianz SE [ALV]DE4,155142.66592,7761.5
Fanuc Corp. [6954]JP3,628162.67590,2271.5
Fresenius Se & Co. KGAA [FRE]DE7,93773.48583,1651.5
CIE Financiere Richemont SA [CFR]CH9,95858.53582,9021.5
AXA SA [CS]FR28,92019.77571,8191.5
Investor AB [INVE B_SEK]SE16,83533.60565,5781.5
ASML Holding NV [ASML]NL5,60098.44551,2071.4
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES95,9275.73549,6081.4
Bayer AG [BAYN]DE4,901100.43492,2681.3
Bancolombia SA ADR [CIB]CO13,26334.92463,1361.2
Dentsu Inc. [4324]JP9,74846.88456,9271.2
SMC Corp. [6273]JP1,793246.03441,2231.1
Erste Group Bank AG [EBS]AT18,18822.77414,0991.1
Swatch Group AG [UHR]CH1,382291.00402,1221.0
LafargeHolcim Ltd. [LHN]CH9,53141.84398,7331.0
Vivendi SA [VIV]FR19,96418.71373,5031.0
Fresenius Medical Care AG & Co. KGAA [FME]DE4,13387.11360,0200.9
Hoya Corp. [7741]JP9,84035.72351,4450.9
Cementos Argos SA [CEMARGOS]CO79,3394.08323,7790.8
Daimler AG [DAI]DE4,55259.84272,3970.7
LVMH Moet Hennessy Louis Vuitton SE [MC]FR1,805150.73272,1410.7
Freeport-McMoRan Inc. [FCX]US23,89111.14266,1420.7
JCDecaux SA [DEC]FR7,88833.72265,9750.7
Barrick Gold Corp. [ABX]CA10,49921.35224,1540.6
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO14,80413.11194,1230.5
Liberty Global plc Class A [LBTYA]GB6,53929.06190,0130.5
Weir Group plc [WEIR]GB9,66219.31186,5970.5
Liberty Global plc Class C [LBTYK]GB5,88228.65168,5210.4
Land Securities Group plc [LAND]GB11,81213.92164,3720.4
Indivior plc [INDV]GB47,0823.36158,4220.4
British Land Co. plc [BLND]GB18,8628.12153,1470.4
Grupo Argos SA [GRUPOARG]CO17,3646.33109,9780.3
Genting Bhd [GENTING]MY50,4062.04102,6720.3
Grupo Aval Acciones y Valores SA ADR [AVAL]CO9,6788.0577,9040.2
Great Portland Estates plc [GPOR]GB8,2638.3769,1620.2
Hermes International SA [RMS]FR158372.7859,0020.2
AMBEV SA [ABEV3]BR9,3675.9355,5470.1
AMBEV SA ADR [ABEV]BR9,3675.9155,3570.1
Liberty Global plc LiLAC Class C [LILAK]GB73432.4923,8440.1
Liberty Global plc LiLAC Class A [LILA]GB62032.2620,0160.1
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO1,38212.8717,7840.0
MGM China Holdings Ltd. [2282]KY11,3051.3014,7310.0
Genting Bhd [GENTING-WA]MY30,6340.3811,7020.0
Rolls-Royce Holdings plcGB6,246,5600.008,3160.0
Total37,864,70797.8
Cash and Other Assets Less Liabilities2.2
Total Net Assets100%

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

As of Quarter Ended 06/30/2016
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Health Care21.012.4
Financials19.722.3
Consumer Staples17.513.3
Consumer Discretionary17.212.1
Industrials8.913.3
Information Technology5.55.3
Materials5.16.9
Energy3.05.2
Utilities0.03.9
Telecommunication Services0.05.1

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

As of Quarter Ended 06/30/2016
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Energy7.911.5
Health Care5.44.9
Consumer Staples3.73.1
Industrials1.5-1.3
Materials0.41.5
Telecommunication Services0.0-0.4
Utilities0.01.9
Cash-0.20.0
Information Technology-1.4-2.4
Financials-8.7-6.4
Consumer Discretionary-10.6-8.1

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

As of Quarter Ended 06/30/2016
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France17.09.6
United Kingdom15.920.0
Switzerland13.89.3
United States10.70.0
Germany9.18.7
Japan8.423.3
Netherlands3.83.2
Denmark3.82.0
Sweden3.52.8
Colombia3.10.0
Other10.921.1

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 EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.