Harbor Large Cap Value Fund Investor Class (HILVX)

Portfolio Characteristics (As of Quarter Ended 12/31/2016)

 Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings43696
Weighted Avg. Market Cap ($Mil)77,748.73119,547.02
Median Market Cap ($Mil)46,733.768,220.52
Price/Book Ratio2.782.14
Adj. Trailing P/E Ratio19.0217.34
Forecasted P/E Ratio17.4816.16
Earnings Growth Rate (%)7.125.34
Proj. Earnings Growth Rate (%)9.487.49
Return on Equity (%)13.7410.24
Turnover (unannualized % since 10/31)2-
Beta vs. Russell 1000® Value Index1.03-
Beta vs. Russell 3000® Index1.02-

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

Top Ten Holdings (As of Quarter Ended 12/31/2016)

Company Name [Ticker]% of Net Assets
Home Depot Inc. [HD]3.2
Martin Marietta Materials Inc. [MLM]3.2
Adobe Systems Inc. [ADBE]3.1
Microsoft Corp. [MSFT]3.0
Time Warner Inc. [TWX]3.0
Bank of America Corp. [BAC]2.9
Baxter International Inc. [BAX]2.8
Walgreens Boots Alliance Inc. [WBA]2.8
Medtronic plc [MDT]2.8
AbbVie Inc. [ABBV]2.8
% of Total Holdings:29.6

Full Holdings (As of Quarter Ended 12/31/2016)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Home Depot Inc. [HD]US100134.0813,3413.2
Martin Marietta Materials Inc. [MLM]US60221.5313,2923.2
Adobe Systems Inc. [ADBE]US125102.9512,8693.1
Microsoft Corp. [MSFT]US20562.1412,7393.0
Time Warner Inc. [TWX]US13196.5312,6453.0
Bank of America Corp. [BAC]US55822.1012,3322.9
Baxter International Inc. [BAX]US26744.3411,8392.8
Walgreens Boots Alliance Inc. [WBA]US14182.7611,6692.8
Medtronic plc [MDT]IE16371.2311,6102.8
AbbVie Inc. [ABBV]US18462.6211,5222.8
Microchip Technology Inc. [MCHP]US17864.1511,4192.7
General Dynamics Corp. [GD]US66172.6611,3092.7
Oshkosh Corp. [OSK]US17464.6111,2422.7
Phillips 66 [PSX]US13086.4111,2332.7
Ameriprise Financial Inc. [AMP]US98110.9410,8722.6
Chubb Ltd. [CB]CH78132.1210,3052.5
Lennar Corp. [LEN]US23842.9310,2172.4
Novartis AG ADR [NVS]CH13672.849,9062.4
Mondelez International Inc. [MDLZ]US22244.339,8412.3
Banco Bilbao Vizcaya SA ADR [BBVA]ES1,4386.779,7332.3
Dow Chemical Co. [DOW]US16757.229,5562.3
M&T Bank Corp. [MTB]US59156.439,2292.2
Pioneer Natural Resources Co. [PXD]US50180.079,0042.1
EQT Corp. [EQT]US13765.408,9602.1
Unilever NV [UN]NL21741.068,9102.1
PPG Industries Inc. [PPG]US9494.768,9072.1
Danaher Corp. [DHR]US11477.848,8742.1
Amgen Inc. [AMGN]US59146.218,6262.1
Halliburton Co. [HAL]US15954.098,6172.1
Coca-Cola Co. [KO]US20741.468,5822.0
First Republic Bank [FRC]US9292.148,4542.0
Archer Daniels Midland Co. [ADM]US18245.658,3082.0
JPMorgan Chase & Co. [JPM]US8886.297,5941.8
National Fuel Gas Co. [NFG]US13256.647,4761.8
Deere & Co. [DE]US71103.047,3161.7
Mitsubishi UFJ Financial Group Inc. ADR [MTU]JP1,1506.167,0841.7
PayPal Holdings Inc. [PYPL]US17939.477,0651.7
AES Corp. [AES]US58911.626,8441.6
Cullen/Frost Bankers Inc. [CFR]US6788.235,9111.4
Texas Instruments Inc. [TXN]US8172.975,8941.4
BOK Financial Corp. [BOKF]US7083.045,8131.4
Coty Inc. [COTYW]US21018.313,8450.9
ANSYS Inc. [ANSS]US3792.493,3950.8
Total404,19996.3
Cash and Other Assets Less Liabilities3.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials20.926.8
Health Care14.910.2
Information Technology12.79.4
Consumer Staples12.28.0
Energy9.013.6
Consumer Discretionary8.64.5
Materials7.62.8
Industrials7.110.0
Utilities3.46.0
Real Estate0.04.6
Telecommunication Services0.03.9

Sector Returns (As of Quarter Ended 12/31/2016)

As of Quarter Ended 12/31/2016
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials21.921.9
Industrials15.68.4
Materials10.08.7
Consumer Discretionary9.24.9
Energy3.27.4
Information Technology1.80.6
Cash0.10.0
Real Estate0.0-3.5
Telecommunication Services0.05.4
Utilities-1.60.3
Consumer Staples-2.9-3.4
Health Care-7.7-5.0

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 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Frank Russell Company.