Harbor Small Cap Value Fund Investor Class (HISVX)

Portfolio Characteristics (As of Quarter Ended 06/30/2017)

Harbor Small Cap Value FundRussell 2000® Value Index
Number of Holdings541,399
Weighted Avg. Market Cap ($Mil)4,518.581,838.52
Median Market Cap ($Mil)2,994.21680.94
Price/Book Ratio2.801.62
Adj. Trailing P/E Ratio23.3518.82
Forecasted P/E Ratio17.9617.40
Earnings Growth Rate (%)6.637.26
Proj. Earnings Growth Rate (%)12.988.57
Return on Equity (%)12.507.38
Turnover (unannualized % since 10/31)6-
Beta vs. Fund Benchmark0.87-

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

Top Ten Holdings (As of Quarter Ended 06/30/2017)

Company Name [Ticker]% of Net Assets
Coherent Inc. [COHR]4.0
Global Payments Inc. [GPN]3.2
Hexcel Corp. [HXL]3.0
Entegris Inc. [ENTG]2.9
Monolithic Power Systems Inc. [MPWR]2.9
Advanced Energy Industries Inc. [AEIS]2.8
Snap-on Inc. [SNA]2.6
Raymond James Financial Inc. [RJF]2.5
EnerSys [ENS]2.4
Littelfuse Inc. [LFUS]2.3
% of Total Holdings:28.6

Full Holdings (As of Quarter Ended 06/30/2017)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Coherent Inc. [COHR]US179224.9940,3374.0
Global Payments Inc. [GPN]US35490.3232,0173.2
Hexcel Corp. [HXL]US56852.7929,9993.0
Entegris Inc. [ENTG]US1,31521.9528,8742.9
Monolithic Power Systems Inc. [MPWR]US29696.4028,5692.9
Advanced Energy Industries Inc. [AEIS]US42764.6927,6162.8
Snap-on Inc. [SNA]US166158.0026,2562.6
Raymond James Financial Inc. [RJF]US31080.2224,8742.5
EnerSys [ENS]US33172.4523,9522.4
Littelfuse Inc. [LFUS]US142165.0023,3492.3
WGL Holdings Inc. [WGL]US27183.4322,6052.3
Centene Corp. [CNC]US27779.8822,1392.2
Catalent Inc. [CTLT]US62935.1022,0732.2
Reinsurance Group of America Inc. [RGA]US171128.3922,0112.2
Cabot Microelectronics Corp. [CCMP]US28773.8321,1862.1
Mueller Water Products Inc. [MWA]US1,80411.6821,0712.1
Franklin Electric Co. Inc. [FELE]US50041.4020,7042.1
Timken Co. [TKR]US44046.2520,3602.0
Scotts Miracle-Gro Co. [SMG]US22389.4619,9062.0
Teledyne Technologies Inc. [TDY]US142127.6518,1811.8
GATX Corp. [GATX]US27964.2717,9211.8
Firstcash Inc. [FCFS]US30558.3017,7981.8
SBA Communications Corp. [SBAC]US131134.9017,7121.8
OSI Systems Inc. [OSIS]US23175.1517,3251.7
Bloomin' Brands Inc. [BLMN]US81021.2317,2001.7
Mednax Inc. [MD]US28060.3716,8771.7
South Jersey Industries Inc. [SJI]US46734.1715,9741.6
Sanmina Corp. [SANM]US41738.1015,8891.6
Meritage Homes Corp. [MTH]US37342.2015,7471.6
Cabot Corp. [CBT]US28253.4315,0581.5
United Fire Group Inc. [UFCS]US34144.0615,0111.5
Altra Industrial Motion Corp. [AIMC]US37339.8014,8371.5
Trustmark Corp. [TRMK]US44932.1614,4501.4
ManTech International Corp. [MANT]US34741.3814,3511.4
FLIR Systems Inc. [FLIR]US41434.6614,3401.4
Cantel Medical Corp. [CMD]US18277.9114,2081.4
Oil States International Inc. [OIS]US50527.1513,7241.4
American Equity Investment Life Holding Co. [AEL]US52026.2813,6661.4
Moog Inc. [MOG/A]US18771.7213,3991.3
Albany International Corp. [AIN]US24753.4013,1851.3
Eaton Vance Corp. [EV]US25747.3212,1691.2
Stifel Financial Corp. [SF]US25745.9811,8161.2
Horace Mann Educators Corp. [HMN]US30737.8011,5941.2
Wesbanco Inc. [WSBC]US27939.5411,0451.1
Medical Properties Trust Inc. [MPW]US85212.8710,9611.1
United Bankshares Inc. [UBSI]US26939.2010,5311.1
Molina Healthcare Inc. [MOH]US14869.1810,2321.0
Core Laboratories NV [CLB]US99101.2710,0231.0
Pdc Energy Inc. [PDCE]US22843.119,8181.0
Astoria Financial Corp. [AF]US46420.159,3590.9
United Natural Foods Inc. [UNFI]US22136.708,1250.8
First Potomac Realty Trust [FPO]US72311.118,0350.8
Gulfport Energy Corp. [GPOR]US34714.755,1160.5
State Auto Financial Corp. [STFC]US17825.734,5910.5
Total938,16693.8
Cash and Other Assets Less Liabilities6.2
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Economic SectorHarbor Small Cap Value Fund %Russell 2000® Value Index %
Information Technology26.59.5
Industrials22.111.7
Financials17.930.9
Health Care8.65.6
Energy3.96.1
Utilities3.96.7
Real Estate3.711.4
Materials3.54.1
Consumer Discretionary3.310.7
Consumer Staples0.82.8
Telecommunication Services0.00.7

Sector Returns (As of Quarter Ended 06/30/2017)

As of Quarter Ended 06/30/2017
Sector ReturnsHarbor Small Cap Value Fund %Russell 2000® Value Index %
Health Care13.14.9
Consumer Discretionary11.23.6
Real Estate8.21.6
Financials2.61.2
Information Technology2.31.4
Cash0.20.0
Telecommunication Services0.01.6
Industrials-0.45.1
Utilities-0.52.5
Materials-0.8-2.5
Consumer Staples-15.1-7.7
Energy-19.8-19.2

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 2000® Value Index is an unmanaged index representing the smallest 2000 stocks with the lowest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Value Index and Russell® are trademarks of Frank Russell Company.