Harbor Mid Cap Growth Fund Investor Class (HIMGX)

Portfolio Characteristics (As of Quarter Ended 03/31/2015)

 Harbor Mid Cap Growth FundRussell Midcap® Growth Index
Number of Holdings80550
Weighted Avg. Market Cap ($Mil)12,233.2814,761.64
Median Market Cap ($Mil)7,153.017,266.65
Price/Book Ratio4.075.00
Adj. Trailing P/E Ratio33.9325.43
Forecasted P/E Ratio24.3520.98
Earnings Growth Rate (%)14.8522.28
Proj. Earnings Growth Rate (%)20.6616.10
Return on Equity (%)18.4421.61
Turnover (unannualized % since 10/31)37-
Beta vs. Russell Midcap® Growth Index1.08-
Beta vs. Russell 3000® Index1.11-

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

Top Ten Holdings (As of Quarter Ended 03/31/2015)

Company Name [Ticker]% of Net Assets
NetFlix Inc. [NFLX]2.5
DexCom Inc. [DXCM]2.1
NXP Semiconductors NV [NXPI]1.9
CoStar Group Inc. [CSGP]1.9
Diamond Resorts International Inc. [DRII]1.9
Akamai Technologies Inc. [AKAM]1.9
Actavis plc [ACT]1.8
Chipotle Mexican Grill Inc. [CMG]1.8
ONO Pharmaceutical Co. Ltd. [4528]1.7
AECOM Technology Corp. [ACM]1.6
% of Total Holdings:19.1

Full Holdings (As of Quarter Ended 03/31/2015)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
NetFlix Inc. [NFLX]US64110L10644416.6918,2902.5
DexCom Inc. [DXCM]US25213110724762.3415,4292.1
NXP Semiconductors NV [NXPI]NLN6596X109141100.3614,1771.9
CoStar Group Inc. [CSGP]US22160N10970197.8313,8231.9
Diamond Resorts International Inc. [DRII]US25272T10441233.4313,7821.9
Akamai Technologies Inc. [AKAM]US00971T10119371.0513,6891.9
Actavis plc [ACT]USG0083B10844297.6212,9781.8
Chipotle Mexican Grill Inc. [CMG]US16965610520650.5412,8141.8
ONO Pharmaceutical Co. Ltd. [4528]JP666010004112112.8412,6611.7
AECOM Technology Corp. [ACM]US00766T10038930.8211,9771.6
DigitalGlobe Inc. [DGI]US25389M87735134.0711,9421.6
Becton Dickinson And Co. [BDX]US07588710983143.5911,9171.6
Imax Corp. [IMAX]CA45245E10934733.7111,6981.6
Whole Foods Market Inc. [WFM]US96683710622152.0811,5291.6
TE Connectivity Ltd. [TEL]CHH8498910416071.6211,4921.6
Advance Auto Parts Inc. [AAP]US00751Y10676149.6911,3811.6
Workday Inc. [WDAY]US98138H10113284.4111,1211.5
Acuity Brands Inc. [AYI]US00508Y10266168.1611,0481.5
Generac Holdings Inc. [GNRC]US36873610422348.6910,8551.5
CBRE Group Inc. [CBG]US12504L10927638.7110,6911.5
Insulet Corp. [PODD]US45784P10131733.3510,5621.4
Textron Inc. [TXT]US88320310123744.3310,4981.4
Monster Beverage Corp. [MNST]US61174010173138.4010,1601.4
CDW Corp. [CDW]US12514G10827237.2410,1351.4
Mylan NV [MYL]NLN5946510917159.3510,1351.4
Harman International Industries Inc. [HAR]US41308610975133.6310,0181.4
Zillow Group Inc. [Z]US98954M10198100.309,8291.3
Platform Specialty Products Corp. [PAH]US72766Q10537925.669,7231.3
Northern Trust Corp. [NTRS]US66585910413969.659,7011.3
HeartWare International Inc. [HTWR]US42236810010987.779,6081.3
Tesla Motors Inc. [TSLA]US88160R10151188.779,5741.3
Shutterstock Inc. [SSTK]US82569010013868.679,4811.3
Samsonite International SA [1910]HKB4Q1539002,7003.499,4141.3
Martin Marietta Materials Inc. [MLM]US57328410667139.809,4031.3
Paramount Group Inc. [PGRE]US69924R10848519.309,3631.3
Panera Bread Co. [PNRA]US69840W10858160.009,3141.3
Landstar System Inc. [LSTR]US51509810113966.309,2181.3
Envision Healthcare Holdings Inc. [EVHC]US29413U10324038.359,2171.3
Regeneron Pharmaceuticals Inc. [REGN]US75886F10720451.488,9511.2
Solera Holdings Inc. [SLH]US83421A10417351.668,9411.2
Whirlpool Corp. [WHR]US96332010644202.068,8891.2
Wyndham Worldwide Corp. [WYN]US98310W1089890.478,8691.2
Assured Guaranty Ltd. [AGO]BMG0585R10633526.398,8451.2
Arista Networks Inc. [ANET]US04041310612570.538,8091.2
Kate Spade & Co. [KATE]US48586510926133.398,7021.2
Mobileye NV [MBLY]NLN5148811720642.038,6491.2
Owens Corning Inc. [OC]US69074210119943.408,6321.2
Spirit Airlines Inc. [SAVE]US84857710211177.368,6201.2
Fortune Brands Home & Security Inc. [FBHS]US34964C10617447.488,2481.1
Veeva Systems Inc. [VEEV]US92247510832125.538,2071.1
Equinix Inc. [EQIX]US29444U70034232.857,9901.1
Cognex Corp. [CGNX]US19242210316149.597,9761.1
Hilton Worldwide Holdings Inc. [HLT]US43300A10426429.627,8121.1
Cerner Corp. [CERN]US15678210410573.267,6821.1
Hd Supply Holdings Inc. [HDS]US40416M10524531.167,6461.0
Kansas City Southern [KSU]US48517030273102.087,5001.0
Julius Baer Group Ltd. [BAER]CHB4R2R590814949.987,4521.0
GoPro Inc. [GPRO]US38268T10316943.417,3451.0
F5 Networks Inc. [FFIV]US31561610264114.947,2991.0
Genesee & Wyoming Inc. [GWR]US3715591057596.447,2051.0
IHS Inc. [IHS]US45173410763113.767,1791.0
Tyler Technologies Inc. [TYL]US90225210557120.536,8790.9
Eisai Co. Ltd. [4523]JP6307200018971.136,3160.9
AMETEK Inc. [AME]US03110010011452.545,9810.8
Sumco Corp. [3436]JPB0M0C890535216.755,8910.8
Sunedison Inc. [SUNE]US86732Y10924324.005,8260.8
FactSet Research Systems Inc. [FDS]US30307510534159.205,4220.7
Pioneer Natural Resources Co. [PXD]US72378710729163.514,7830.7
Diamondback Energy Inc. [FANG]US25278X1096176.844,7240.6
Energen Corp. [EGN]US29265N1086966.004,5560.6
First Solar Inc. [FSLR]US3364331077559.794,5010.6
Incyte Corp. [INCY]US45337C1024991.664,4920.6
Isis Pharmaceuticals Inc. [ISIS]US4643301096063.673,8140.5
Platform Specialty Products Corp. PIPEUSACI08GQZ614425.613,7000.5
Nomad Holdings Ltd. [NHL]VIBLG2VT90532411.243,6430.5
Alnylam Pharmaceuticals Inc. [ALNY]US02043Q10734104.423,5360.5
Cadence Design Systems Inc. [CDNS]US12738710815818.442,9070.4
Servicenow Inc. [NOW]US81762P1023078.782,3240.3
Middleby Corp. [MIDD]US5962781019102.659030.1
New Relic Inc. [NEWR]US64829B1001834.706280.1
GF Securities Co. Ltd. [1776]CNBW4NKK9091542.433750.1
Nomad Holdings Ltd. [NHLW]VIBLG2VX9063240.411310.0
Total697,42795.3
Cash and Other Assets Less Liabilities4.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2015)

As of Quarter Ended 03/31/2015
Economic SectorHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Information Technology24.818.4
Consumer Discretionary20.223.1
Health Care18.514.4
Industrials17.415.5
Financials6.49.5
Materials3.14.9
Consumer Staples3.08.2
Energy1.94.7
Telecommunication Services0.01.0
Utilities0.00.3

Sector Returns (As of Quarter Ended 03/31/2015)

As of Quarter Ended 03/31/2015
Sector ReturnsHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Materials18.94.1
Consumer Staples13.68.1
Energy13.20.7
Health Care9.612.9
Information Technology7.27.4
Financials6.34.3
Consumer Discretionary3.02.9
Telecommunication Services1.95.2
Industrials0.91.8
Cash0.10.0
Utilities0.0-4.2

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 Midcap® Growth Index is an unmanaged index generally representative of the U.S. market for medium capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell Midcap® Growth Index and Russell® are trademarks of Russell Investments.