Harbor Large Cap Value Fund Investor Class (HILVX)

Portfolio Characteristics (As of Quarter Ended 03/31/2016)

 Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings43684
Weighted Avg. Market Cap ($Mil)77,560.54109,745.86
Median Market Cap ($Mil)41,257.017,128.57
Price/Book Ratio2.231.75
Adj. Trailing P/E Ratio16.8216.29
Forecasted P/E Ratio15.4715.19
Earnings Growth Rate (%)7.284.80
Proj. Earnings Growth Rate (%)9.976.84
Return on Equity (%)18.4212.59
Turnover (unannualized % since 10/31)13-
Beta vs. Russell 1000® Value Index1.02-
Beta vs. Russell 3000® Index1.03-

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

Top Ten Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]% of Net Assets
Home Depot Inc. [HD]3.5
Lennar Corp. [LEN]3.3
Medtronic plc [MDT]3.3
Microsoft Corp. [MSFT]3.2
Adobe Systems Inc. [ADBE]3.2
Walgreens Boots Alliance Inc. [WBA]3.1
Phillips 66 [PSX]3.0
Baxter International Inc. [BAX]3.0
Martin Marietta Materials Inc. [MLM]2.9
Time Warner Inc. [TWX]2.8
% of Total Holdings:31.3

Full Holdings (As of Quarter Ended 03/31/2016)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Home Depot Inc. [HD]US43707610274133.439,8743.5
Lennar Corp. [LEN]US52605710419348.369,3333.3
Medtronic plc [MDT]IEG5960L10312475.009,3003.3
Microsoft Corp. [MSFT]US59491810416455.239,0583.2
Adobe Systems Inc. [ADBE]US00724F1019693.809,0053.2
Walgreens Boots Alliance Inc. [WBA]US93142710810584.248,8453.1
Phillips 66 [PSX]US71854610410086.598,6593.0
Baxter International Inc. [BAX]US07181310920841.088,5453.0
Martin Marietta Materials Inc. [MLM]US57328410652159.518,2952.9
Time Warner Inc. [TWX]US88731730310972.557,9082.8
AbbVie Inc. [ABBV]US00287Y10913457.127,6542.7
General Dynamics Corp. [GD]US36955010858131.377,6192.7
Chubb Ltd. [CB]CHH1467J10462119.157,3872.6
Bank of America Corp. [BAC]US06050510451913.527,0172.5
First Republic Bank [FRC]US33616C10010566.646,9972.5
Texas Instruments Inc. [TXN]US88250810412057.426,8902.4
Unilever NV [UN]NL90478470915344.686,8362.4
Amgen Inc. [AMGN]US03116210045149.936,7472.4
Mondelez International Inc. [MDLZ]US60920710516840.126,7402.4
Illinois Tool Works Inc. [ITW]US45230810965102.446,6592.3
Dow Chemical Co. [DOW]US26054310312450.866,3072.2
Oracle Corp. [ORCL]US68389X10515240.916,2182.2
Diageo plc ADR [DEO]GB25243Q20555107.875,9332.1
General Electric Co. [GE]US36960410317531.795,5632.0
Novartis AG ADR [NVS]CH66987V1097672.445,5051.9
M&T Bank Corp. [MTB]US55261F10448111.005,3281.9
Oshkosh Corp. [OSK]US68823920113040.875,3131.9
Archer-Daniels-Midland Co. [ADM]US03948310214336.315,1921.8
PayPal Holdings Inc. [PYPL]US70450Y10313338.605,1341.8
Pioneer Natural Resources Co. [PXD]US72378710736140.745,0671.8
National Fuel Gas Co. [NFG]US6361801019950.054,9551.7
AES Corp. [AES]US00130H10541011.804,8381.7
Banco Bilbao Vizcaya SA ADR [BBVA]ES05946K1017356.524,7921.7
Mitsubishi UFJ Financial Group Inc. ADR [MTU]JP6068221041,0334.594,7411.7
Halliburton Co. [HAL]US40621610112935.724,6081.6
Deere & Co. [DE]US2441991055976.994,5421.6
JPMorgan Chase & Co. [JPM]US46625H1007559.224,4421.6
Hershey Co. [HSY]US4278661084792.094,3281.5
Coty Inc. [COTY]US22207020314927.834,1531.5
Cullen/Frost Bankers Inc. [CFR]US2298991096255.113,4171.2
BOK Financial Corp. [BOKF]US05561Q2016254.623,3861.2
ITC Holdings Corp. [ITC]US4656851056543.572,8401.0
Microchip Technology Inc. [MCHP]US5950171041848.208620.3
Total266,83294.1
Cash and Other Assets Less Liabilities5.9
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials16.728.2
Consumer Staples14.87.4
Health Care13.311.7
Information Technology13.111.6
Industrials10.510.4
Consumer Discretionary9.55.3
Energy6.512.7
Materials5.12.8
Utilities4.47.0
Telecommunication Services0.02.9

Sector Returns (As of Quarter Ended 03/31/2016)

As of Quarter Ended 03/31/2016
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Utilities16.815.6
Materials8.87.8
Energy7.84.2
Information Technology4.42.8
Consumer Discretionary4.23.6
Industrials2.85.2
Cash0.10.0
Consumer Staples0.05.1
Telecommunication Services0.013.9
Health Care-2.2-1.6
Financials-8.9-5.3

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 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 Russell Investments.