Harbor International Fund Investor Class (HIINX)

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

 Harbor International FundMSCI EAFE (ND) Index
Number of Holdings74899
Weighted Avg. Market Cap ($Mil)72,867.7468,644.57
Median Market Cap ($Mil)35,085.069,376.17
Price/Book Ratio1.951.67
Adj. Trailing P/E Ratio16.6316.50
Forecasted P/E Ratio15.1714.11
Earnings Growth Rate (%)7.007.22
Proj. Earnings Growth Rate (%)12.2110.07
Return on Equity (%)16.4812.10
Turnover (unannualized % since 10/31)6-
Beta vs. MSCI EAFE (ND) Index1.01-

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

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

Company Name [Ticker]% of Net Assets
Schneider Electric SE [SU]2.9
Banco Bilbao Vizcaya Argentaria SA [BBVA]2.8
Roche Holding AG [ROG]2.6
Anheuser-Busch InBev NV [ABI]2.5
Novo Nordisk AS [NOVOB]2.5
Rolls-Royce Holdings plc [RR/]2.4
Novartis AG [NOVN]2.3
AXA SA [CS]2.3
Lloyds Banking Group plc [LLOY]2.3
SAP SE [SAP]2.2
% of Total Holdings:24.8

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

Company Name [Ticker]CountrySEDOLShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Schneider Electric SE [SU]FR483410816,46194.291,552,1232.9
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES5501906116,98512.751,491,0272.8
Roche Holding AG [ROG]CH71103884,663297.961,389,3372.6
Anheuser-Busch InBev NV [ABI]BE475531711,484114.901,319,5502.5
Novo Nordisk AS [NOVOB]DKBHC8X9028,58946.151,319,4742.5
Rolls-Royce Holdings plc [RR/]GBB63H84971,34318.271,303,4962.4
Novartis AG [NOVN]CH710306513,51890.561,224,1392.3
AXA SA [CS]FR708842950,25423.891,200,7372.3
Lloyds Banking Group plc [LLOY]GB0870612943,7941.271,199,6312.3
SAP SE [SAP]DE484628815,49577.051,193,9392.2
Diageo plc [DGE]GB023740037,37131.851,190,2452.2
Fanuc Corp. [6954]JP63569346,532172.691,128,0492.1
CIE Financiere Richemont SA [CFR]CHBCRWZ1810,522104.791,102,5662.1
Allianz SE [ALV]DE52314856,365166.911,062,4552.0
BG Group plc [BG/]GB087628950,15021.101,058,2382.0
Linde AG [LIN]DE57408174,802212.501,020,3241.9
Daimler AG [DAI]DE552902710,50893.41981,6351.8
Essilor International SA [EI]FR72124778,742105.98926,4711.7
Freeport-McMoRan Copper & Gold Inc. [FCX]US235211825,24336.50921,3561.7
Pernod Ricard SA [RI]FR46823297,648120.12918,6421.7
Atlas Copco AB [ATCO A_SEK]SEB1QGR4131,73228.87916,1331.7
Nestle SA [NESN]CH712387011,79077.49913,6021.7
Japan Tobacco Inc. [2914]JP647453524,92736.46908,8911.7
Unibail-Rodamco SE [UL]FR70762422,980291.01867,3291.6
SMC Corp. [6273]JP67639653,198267.96857,0751.6
Banco Santander SA [SAN]ES570594681,04310.45846,8361.6
Holcim Ltd. [HOLN]CH71107538,82487.84775,0751.5
Investor AB [INVE B_SEK]SE567959120,60237.47771,9871.4
Heineken NV [HEIA]NL779255910,73471.78770,4911.4
L'Oreal SA [OR]FR40578084,446172.18765,5381.4
ABB Ltd. [ABBN]CH710889933,15423.01762,8891.4
Compagnie de Saint-Gobain [SGO]FR738048213,47956.42760,4971.4
Danone SA [BN]FRB1Y9TB310,20374.36758,7031.4
Syngenta AG [SYNN]CH43566461,988369.45734,3491.4
CRH plc [CRH]IE018270428,63725.64734,1361.4
UBS AG [UBSN]CHB18YFJ438,66318.33708,8731.3
United Overseas Bank Ltd. [U11]SG691678139,15518.08708,0371.3
Cheung Kong Holdings Ltd. [1]HK619027338,94417.73690,4281.3
Volvo AB [VOLV B_SEK]SEB1QH83049,96213.77687,8051.3
Toyota Motor Corp. [7203]JP690064311,31159.87677,2131.3
Reckitt Benckiser Group plc [RB]GBB24CGK77,48987.20653,0231.2
Intesa Sanpaolo SpA [ISP]IT4076836198,4253.09612,2071.1
Glencore plc [GLEN]GBB4T3BW6104,8675.57584,3941.1
Legrand SA [LR]FRB11ZRK99,16461.24561,2291.1
Erste Group Bank AG [EBS]AT528983717,30832.33559,6121.1
Pearson plc [PSON]GB067760826,70119.74527,2031.0
LVMH Moet Hennessy Louis Vuitton SA [MC]FR40614122,702192.97521,4781.0
Royal Dutch Shell plc [RDSA]NLB09CBL412,04341.29497,2600.9
Accor SA [AC]FR58528429,41051.98489,0860.9
Dentsu Inc. [4324]JP641628111,18640.72455,5360.9
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW211338220,12621.39430,4920.8
Fresenius Se & Co. KGAA [FRE]DE43520972,795149.14416,8720.8
Genting Bhd [GENTING]MYB1VXJL8130,3813.11405,6480.8
Sandvik AB [SAND_SEK]SEB1VQ25229,52913.66403,2790.8
Tokio Marine Holdings Inc. [8766]JP651312611,61632.91382,3160.7
Banco Bradesco SA [BBDC4]BRB00FM5324,87914.51360,8840.7
Itau Unibanco Holding SA ADR [ITUB]BR284973924,79614.38356,5630.7
Pirelli & C. SpA [PC]IT468980321,81916.03349,7620.7
Air Liquide SA [AI]FRB1YXBJ72,563135.13346,3680.7
Potash Corp. of Saskatchewan Inc. [POT]CA26963778,71837.96330,9280.6
JCDecaux SA [DEC]FR71366638,44637.35315,4570.6
Komatsu Ltd. [6301]JP649658412,77623.21296,5840.6
Fresenius Medical Care AG & Co. KGAA [FME]DE51290744,36767.28293,8170.6
Swatch Group AG [UHR]CH7184725460602.97277,6590.5
Anglo American plc [AAL]GBB1XZS829,10824.51223,2250.4
Royal Dutch Shell plc ADR [RDS/A]NLB03MM622,68582.37221,2000.4
Barrick Gold Corp. [ABX]CA202467711,09318.30203,0040.4
LIXIL Group Corp. [5938]JP69002125,45427.07147,6200.3
Hang Lung Properties Ltd. [101]HK603050647,8233.08147,4780.3
Anglo American plc ADR [AAUKY]GBB1ZBZN28,69812.27106,7280.2
Potash Corp. of Saskatchewan Inc. [POT]CA26969801,24038.0347,1430.1
Genting Bhd [GENTING-WA]MYBHCM8V930,6340.8927,3810.1
Mitsubishi Estate Co. Ltd. [8802]JP659672989124.7122,0130.0
Rolls-Royce Holdings plcGBBJFL1R49,560,0180.0016,3610.0
Total50,709,13195.2
Cash and Other Assets Less Liabilities4.8
Total Net Assets100%

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

As of Quarter Ended 06/30/2014
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Financials22.525.3
Industrials17.612.7
Consumer Staples15.411.1
Consumer Discretionary11.511.9
Materials11.38.0
Health Care10.510.5
Energy3.37.3
Information Technology3.14.4
Telecommunication Services0.04.9
Utilities0.03.9

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

As of Quarter Ended 06/30/2014
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Energy14.311.6
Consumer Staples7.16.3
Consumer Discretionary4.83.5
Materials4.83.6
Financials3.62.7
Health Care1.95.6
Industrials0.52.5
Telecommunication Services0.03.9
Utilities0.07.1
Cash-0.20.0
Information Technology-0.51.3

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

As of Quarter Ended 06/30/2014
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France18.79.7
Switzerland14.88.9
United Kingdom12.922.3
Germany9.39.2
Japan9.220.2
Sweden5.23.0
Spain4.43.6
Netherlands2.83.1
Belgium2.51.2
Denmark2.51.5
Other17.717.3

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.