Harbor Large Cap Value Fund Investor Class (HILVX)

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

 Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings41685
Weighted Avg. Market Cap ($Mil)72,164.56110,025.61
Median Market Cap ($Mil)45,510.987,112.74
Price/Book Ratio2.421.83
Adj. Trailing P/E Ratio18.4616.13
Forecasted P/E Ratio15.8414.58
Earnings Growth Rate (%)13.847.27
Proj. Earnings Growth Rate (%)10.859.30
Return on Equity (%)12.4711.15
Turnover (unannualized % since 10/31)12-
Beta vs. Russell 1000® Value Index0.97-
Beta vs. Russell 3000® Index0.99-

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
TE Connectivity Ltd. [TEL]3.2
Halliburton Co. [HAL]3.2
Phillips 66 [PSX]3.1
Walgreen Co. [WAG]3.0
Time Warner Inc. [TWX]3.0
Medtronic Inc. [MDT]3.0
eBay Inc. [EBAY]2.9
Lennar Corp. [LEN]2.8
Bank of America Corp. [BAC]2.8
Adobe Systems Inc. [ADBE]2.8
% of Total Holdings:29.8

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

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
TE Connectivity Ltd. [TEL]CHH8498910413061.848,0393.2
Halliburton Co. [HAL]US40621610111171.017,8893.2
Phillips 66 [PSX]US7185461049780.437,8183.1
Walgreen Co. [WAG]US93142210910074.137,4133.0
Time Warner Inc. [TWX]US88731730310570.257,3973.0
Medtronic Inc. [MDT]US58505510611663.767,3963.0
eBay Inc. [EBAY]US27864210314350.067,1592.9
Lennar Corp. [LEN]US52605710416841.987,0532.8
Bank of America Corp. [BAC]US06050510445715.377,0242.8
Adobe Systems Inc. [ADBE]US00724F1019572.366,8742.8
JP Morgan Chase & Co. [JPM]US46625H10011957.626,8572.7
Home Depot Inc. [HD]US4370761028480.966,8412.7
Banco Santander SA ADR [SAN]ES05964H10564810.426,7562.7
Unilever NV [UN]NL90478470915443.766,7392.7
AbbVie Inc. [ABBV]US00287Y10911956.446,7162.7
Ecolab Inc. [ECL]US27886510060111.346,6802.7
Pioneer Natural Resources Co. [PXD]US72378710729229.816,6642.7
Microsoft Corp. [MSFT]US59491810415441.706,4222.6
Dow Chemical Co. [DOW]US26054310312351.466,3092.5
Diageo plc ADR [DEO]GB25243Q20549127.276,2112.5
First Republic Bank [FRC]US33616C10011154.996,1042.4
General Electric Co. [GE]US36960410323226.286,0972.4
Mondelez International Inc. [MDLZ]US60920710515937.615,9802.4
Illinois Tool Works Inc. [ITW]US4523081096787.565,8672.4
Texas Instruments Inc. [TXN]US88250810412247.795,8302.3
Oshkosh Corp. [OSK]US68823920110455.535,7752.3
Hess Corp. [HES]US42809H1075898.895,7652.3
EMC Corp. [EMC]US26864810221726.345,7162.3
General Dynamics Corp. [GD]US36955010848116.555,5942.2
Oracle Corp. [ORCL]US68389X10513640.535,5122.2
M&T Bank Corp. [MTB]US55261F10443124.055,3342.1
Mitsubishi UFJ Financial Group Inc. ADR [MTU]JP6068221048506.155,2282.1
AES Corp. [AES]US00130H10532515.555,0542.0
General Mills Inc. [GIS]US3703341049552.544,9912.0
Hershey Co. [HSY]US4278661084997.374,7711.9
Deere & Co. [DE]US2441991055290.554,7541.9
Coty Inc. [COTY]US22207020327717.134,7451.9
Martin Marietta Materials Inc. [MLM]US57328410628132.053,7291.5
Progressive Corp. [PGR]US74331510312025.363,0561.2
Hospira Inc. [HSP]US4410601004851.372,4661.0
Time Inc. [TIME]US8872281041324.223190.1
Total242,94497.2
Cash and Other Assets Less Liabilities2.8
Total Net Assets100%

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

As of Quarter Ended 06/30/2014
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Information Technology18.38.9
Consumer Staples16.46.9
Financials16.228.5
Energy11.313.9
Industrials11.310.4
Consumer Discretionary8.76.3
Materials6.73.4
Health Care6.613.1
Utilities2.06.3
Telecommunication Services0.02.3

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

As of Quarter Ended 06/30/2014
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Energy16.310.4
Health Care13.03.4
Utilities9.37.9
Consumer Discretionary7.36.0
Consumer Staples5.71.7
Materials4.65.5
Industrials2.14.2
Financials1.42.0
Information Technology0.510.5
Cash0.00.0
Telecommunication Services0.02.9

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.