Harbor Mid Cap Growth Fund Investor Class (HIMGX)

Portfolio Characteristics (As of Quarter Ended 09/30/2014)

 Harbor Mid Cap Growth FundRussell Midcap® Growth Index
Number of Holdings89546
Weighted Avg. Market Cap ($Mil)9,482.8612,867.20
Median Market Cap ($Mil)5,310.596,314.59
Price/Book Ratio3.814.57
Adj. Trailing P/E Ratio32.0226.48
Forecasted P/E Ratio20.5719.23
Earnings Growth Rate (%)10.2514.18
Proj. Earnings Growth Rate (%)20.5818.37
Return on Equity (%)19.0018.42
Turnover (unannualized % since 10/31)74-
Beta vs. Russell Midcap® Growth Index1.12-
Beta vs. Russell 3000® Index1.23-

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

Top Ten Holdings (As of Quarter Ended 09/30/2014)

Company Name [Ticker]% of Net Assets
NetFlix Inc. [NFLX]2.2
IHS Inc. [IHS]1.9
Whirlpool Corp. [WHR]1.8
DexCom Inc. [DXCM]1.8
F5 Networks Inc. [FFIV]1.7
AECOM Technology Corp. [ACM]1.6
NXP Semiconductor NV [NXPI]1.6
Harley-Davidson Inc. [HOG]1.6
Akamai Technologies Inc. [AKAM]1.6
ONO Pharmaceutical Co. Ltd. [4528]1.6
% of Total Holdings:17.4

Full Holdings (As of Quarter Ended 09/30/2014)

Company Name [Ticker]CountryCUSIPShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
NetFlix Inc. [NFLX]US64110L10636451.1816,0402.2
IHS Inc. [IHS]US451734107109125.1913,6461.9
Whirlpool Corp. [WHR]US96332010690145.6513,0381.8
DexCom Inc. [DXCM]US25213110731839.9912,7071.8
F5 Networks Inc. [FFIV]US315616102101118.7412,0331.7
AECOM Technology Corp. [ACM]US00766T10034833.7511,7481.6
NXP Semiconductor NV [NXPI]NLN6596X10917068.4311,6601.6
Harley-Davidson Inc. [HOG]US41282210819958.2011,5901.6
Akamai Technologies Inc. [AKAM]US00971T10118759.8011,1611.6
ONO Pharmaceutical Co. Ltd. [4528]JP66601000412588.8011,1351.6
Hd Supply Holdings Inc. [HDS]US40416M10540827.2611,1131.5
Actavis plc [ACT]IEG0083B10846241.2811,1071.5
Pioneer Natural Resources Co. [PXD]US72378710756196.9711,0461.5
Chipotle Mexican Grill Inc. [CMG]US16965610516666.5910,9541.5
Starwood Hotels & Resorts Worldwide Inc. [HOT]US85590A40113183.2110,9361.5
Salix Pharmaceuticals Ltd. [SLXP]US79543510666156.2410,3131.4
DigitalGlobe Inc. [DGI]US25389M87735928.5010,2251.4
Panera Bread Co. [PNRA]US69840W10861162.7210,0001.4
Activision Blizzard Inc. [ATVI]US00507V10947920.799,9611.4
Insulet Corp. [PODD]US45784P10126236.859,6451.3
Cadence Design Systems Inc. [CDNS]US12738710856017.219,6331.3
Acuity Brands Inc. [AYI]US00508Y10282117.719,6011.3
Veeva Systems Inc. [VEEV]US92247510834128.179,5961.3
Keurig Green Mountain Inc. [GMCR]US49271M10073130.139,4451.3
Platform Specialty Products Corp. [PAH]US72766Q10537625.029,4141.3
Advance Auto Parts Inc. [AAP]US00751Y10671130.309,2041.3
Julius Baer Group Ltd. [BAER]CHB4R2R590820544.699,1651.3
Envision Healthcare Holdings Inc. [EVHC]US29413U10325434.688,7991.2
Solera Holdings Inc. [SLH]US83421A10415656.368,7761.2
Cognex Corp. [CGNX]US19242210321740.278,7201.2
Nielsen NV [NLSN]USN6321810619644.338,6911.2
Manpowergroup Inc. [MAN]US56418H10012370.108,6491.2
Diamondback Energy Inc. [FANG]US25278X10911574.788,6161.2
Energen Corp. [EGN]US29265N10811972.248,6041.2
Diamond Resorts International Inc. [DRII]US25272T10437222.768,4761.2
Eagle Materials Inc. [EXP]US26969P10883101.838,4451.2
Yelp Inc. [YELP]US98581710512468.258,4351.2
Wyndham Worldwide Corp. [WYN]US98310W10810381.268,4101.2
Signet Jewelers Ltd. [SIG]BMG8127610074113.918,3951.2
SanDisk Corp. [SNDK]US80004C1018697.958,3941.2
Textron Inc. [TXT]US88320310123035.998,2771.2
Landstar System Inc. [LSTR]US51509810111472.198,2571.2
Clean Harbors Inc. [CLH]US18449610715353.928,2501.1
Samsonite International SA [1910]HKB4Q1539002,5553.218,2031.1
HeartWare International Inc. [HTWR]US42236810010577.638,1481.1
Kansas City Southern [KSU]US48517030267121.208,0611.1
Spectrum Brands Holdings Inc. [SPB]US84763R1018890.537,9991.1
Assured Guaranty Ltd. [AGO]BMG0585R10635422.167,8401.1
Pall Corp. [PLL]US6964293079283.707,7001.1
Regeneron Pharmaceuticals Inc. [REGN]US75886F10721360.527,5451.1
CBRE Group Inc. [CBG]US12504L10925229.747,4921.0
Covance Inc. [CVD]US2228161009578.707,4771.0
Northern Trust Corp. [NTRS]US66585910410968.037,4421.0
Equinix Inc. [EQIX]US29444U50235212.487,3961.0
FactSet Research Systems Inc. [FDS]US30307510561121.537,3641.0
Imax Corp. [IMAX]CA45245E10926727.467,3301.0
Ross Stores Inc. [ROST]US7782961039775.587,3041.0
Pentair plc [PNR]IEG7S00T10410965.497,1311.0
Monster Beverage Corp. [MNST]US6117401017891.677,1041.0
Lennar Corp. [LEN]US52605710418238.837,0491.0
TE Connectivity Ltd. [TEL]CHH8498910412055.296,6620.9
Harman International Industries Inc. [HAR]US4130861096898.046,6200.9
Cerner Corp. [CERN]US15678210411159.576,5940.9
Generac Holdings Inc. [GNRC]US36873610416240.546,5590.9
CoStar Group Inc. [CSGP]US22160N10942155.546,4900.9
Shutterstock Inc. [SSTK]US8256901008971.386,3870.9
Kate Spade & Co. [KATE]US48586510924226.236,3500.9
WESCO International Inc. [WCC]US95082P1058178.266,3370.9
Buffalo Wild Wings Inc. [BWLD]US11984810944134.275,9040.8
Zulily Inc. [ZU]US98977410415037.895,6810.8
Spirit Airlines Inc. [SAVE]US8485771028269.145,6440.8
Martin Marietta Materials Inc. [MLM]US57328410643128.945,5780.8
Cepheid [CPHD]US15670R10712344.035,4020.8
Tyler Technologies Inc. [TYL]US9022521056088.405,3260.7
First Solar Inc. [FSLR]US3364331077965.815,2290.7
Ubiquiti Networks Inc. [UBNT]US90347A10013637.535,1210.7
Vince Holding Corp. [VNCE]US92719W10816230.264,9020.7
Sunedison Inc. [SUNE]US86732Y10925618.884,8380.7
Bloomin' Brands Inc. [BLMN]US09423510826018.344,7610.7
Whitewave Foods Co. [WWAV]US96624410512336.334,4830.6
Tenneco Inc. [TEN]US8803491058452.314,4150.6
Nomad Holdings Ltd. [NHL]VIBLG2VT90532411.423,7040.5
Sprouts Farmers Market Inc. [SFM]US85208M10212429.073,6050.5
Incyte Corp. [INCY]US45337C1027049.053,4550.5
Cubist Pharmaceuticals Inc. [CBST]US2296781074466.342,9350.4
Alnylam Pharmaceuticals Inc. [ALNY]US02043Q1073678.102,7920.4
NPS Pharmaceuticals Inc. [NPSP]US62936P10310426.002,7150.4
Servicenow Inc. [NOW]US81762P1022158.781,2340.2
Zalando Se [ZAL]DEBQV0SV9001627.164450.1
Nomad Holdings Ltd. [NHLW]VIBLG2VX9063240.541730.0
Total701,23697.3
Cash and Other Assets Less Liabilities2.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2014)

As of Quarter Ended 09/30/2014
Economic SectorHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Consumer Discretionary24.523.3
Information Technology20.718.0
Industrials19.516.2
Health Care16.812.7
Consumer Staples4.57.7
Financials4.59.1
Energy3.96.7
Materials3.34.9
Utilities0.00.3
Telecommunication Services0.01.1

Sector Returns (As of Quarter Ended 09/30/2014)

As of Quarter Ended 09/30/2014
Sector ReturnsHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Telecommunication Services9.56.9
Health Care3.04.2
Cash0.00.0
Utilities0.0-6.1
Consumer Staples-0.70.4
Financials-1.2-0.8
Information Technology-2.21.0
Materials-3.1-2.7
Consumer Discretionary-4.7-0.2
Industrials-5.5-2.8
Energy-16.1-10.6

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.