Harbor Emerging Markets Equity Fund Investor Class (HIEEX)

Portfolio Characteristics

Top Ten Holdings (As of Quarter Ended 03/31/2014)

Company Name [Ticker]% of Net Assets
Samsung Electronics Co. Ltd. [A005930]5.7
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]3.8
Petroleo Brasileiro SA ADR [PBR]3.4
Vale SA ADR [VALE/P]2.5
Industrial & Commercial Bank of China Ltd. [1398]2.4
MediaTek Inc [2454]2.3
Tata Motors Ltd. ADR [TTM]2.3
China Construction Bank Corp. [939]2.2
Galaxy Entertainment Group Ltd. [27]2.1
Cemex SAB de CV ADR [CX]2.1
% of Total Holdings:28.8

Full Holdings (As of Quarter Ended 03/31/2014)

Company Name [Ticker]CountrySEDOLShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Samsung Electronics Co. Ltd. [A005930]KR677172011264.178575.7
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW21133822920.025733.8
Petroleo Brasileiro SA ADR [PBR]BR26165803913.155133.4
Vale SA ADR [VALE/P]BR29339003112.453832.5
Industrial & Commercial Bank of China Ltd. [1398]CNB1G1QD85920.623652.4
MediaTek Inc [2454]TW63724802414.803552.3
Tata Motors Ltd. ADR [TTM]INB02ZP961035.413432.3
China Construction Bank Corp. [939]CNB0LMTQ34720.703312.2
Galaxy Entertainment Group Ltd. [27]CN6465874378.733232.1
Cemex SAB de CV ADR [CX]MX24886712512.633142.1
Grupo Televisa SAB ADR [TV]MX2399450933.293032.0
Naspers Ltd. [NPN]ZA66226913110.192982.0
Reliance Industries Ltd. PN [JPMCW121]INB75KH021915.582901.9
China Pacific Insurance Group Co. Ltd. [2601]CNB2Q5H56803.592871.9
BB Seguridade Participacoes SA [BBSE3]BRB9N3SQ02611.072861.9
Hyundai Motor Co. [A005380]KR64510551236.452811.9
ITC Ltd. PN [JPMCW12C]INB7LRXH6465.912691.8
China Cinda Asset Management Co. Ltd. [1359]CNBGY6SV24570.572601.7
Discovery Ltd. [DSY]ZA6177878328.012571.7
Emaar Properties PJSC [EMAAR]AEB01RM25932.722531.7
Lenovo Group Ltd. [992]CN62180892241.102461.6
China Shenhua Energy Co. Ltd. [1088]CNB09N7M0852.902461.6
Tingyi Cayman Islands Holding Corp. [322]CN6903556842.882421.6
Delta Electronics Inc [2308]TW6260734386.192351.6
Bank Rakyat Indonesia Persero Tbk PT [BBRI]ID67090992690.852291.5
AMBEV SA ADR [ABEV]BRBG804F6307.412231.5
Trina Solar Ltd. ADR [TSL]CNB1L87F31613.452211.5
Grupo Mexico SAB de CV [GMEXICO O B]MX2643674693.162161.4
Indofood CBP Sukses Makmur Tbk PT [ICBP]IDB4LD3M82390.892131.4
CNOOC Ltd. [883]CNB00G0S51391.512101.4
Phosagro OAO GDR [PHOR]RUB62QPJ11911.162101.4
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR [CBD]BR2228532543.762101.4
Magnit OJSC GDR [MGNT]RUB2QKYZ0454.761991.3
Grupo Financiero Banorte SAB de CV [GFNORTE E O]MX2421041296.761981.3
Telefonica Brasil SA ADR [VIV]BRB7395C9921.241981.3
Lukoil OAO ADR [LKOD]RU3189876455.621951.3
Bharti Airtel Ltd. PNINB4M7M11355.321861.2
Turkiye Halk Bankasi As [HALKB]TRB1WTMP0306.191831.2
Sberbank of Russia ADR [SBER]RUB5SC091199.741831.2
Dufry AG [DUFN]CHB0R80X91172.051801.2
Longfor Properties Co. Ltd. [960]CNB56KLY91261.391751.2
Universal Robina Corp. [URC]PH6919519543.171721.1
Mega Financial Holding Co. Ltd. [2886]TW64440662210.781721.1
Rosneft OAO GDR [ROSN]RUB17FSC2266.671711.1
Haier Electronics Group Co. Ltd. [1169]CNB1TL3R8632.711711.1
Industries Qatar Qsc [IQCD]QA6673570351.291701.1
Coca-Cola Icecek AS [CCOLA]TRB058ZV4724.061701.1
Odontoprev SA [ODPV3]BRB1H6R62423.981691.1
Great Wall Motor Co. Ltd. [2333]CN6718255325.041641.1
Airports of Thailand PCL [AOT-F]TH6741198276.001631.1
AngloGold Ashanti Ltd. ADR [AU]ZA22574951017.081621.1
Gazprom OAO ADR [OGZD]RU5140989217.711611.1
Mobile Telesystems OJSC ADR [MBT]RU2603225917.491591.1
B2W Cia Digital [BTOW3]BRB1LH3Y11312.201581.0
Asm Pacific Technology Ltd. [522]CN6002453169.781551.0
Gcl-Poly Energy Holdings Ltd. [3800]CNB28XTR44160.361501.0
Weichai Power Co. Ltd. [2338]CN6743956393.791481.0
Tsingtao Brewery Co. Ltd. [168]CN6905808207.351471.0
Yuanta Financial Holding Co. Ltd. [2885]TW64241102820.511430.9
Sands China Ltd. [1928]CNB5B23W2197.491410.9
Samsung SDI Co. Ltd. [A006400]KR67716451151.851310.9
Via Varejo SA [VVAR11]BRBGSHPP4610.47680.4
Total14,78497.7
Cash and Other Assets Less Liabilities2.3
Total Net Assets100%

Sector Allocation

There is no data available yet for this new Fund.

Sector Returns

There is no data available yet for this new Fund.

Country Allocation (As of Quarter Ended 12/31/2013)

As of Quarter Ended 12/31/2013
CountryHarbor Emerging Markets Equity Fund %MSCI Emerging Markets (ND) Index %
China26.2N/A
Brazil14.7N/A
Taiwan11.4N/A
Russia9.3N/A
Mexico9.2N/A
South Korea8.4N/A
India6.1N/A
South Africa3.4N/A
Indonesia2.4N/A
Turkey1.8N/A
Other7.1N/A

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 MSCI Emerging Markets (ND) Index is a market capitalization weighted index of equity securities in more than 20 emerging market economies. This unmanaged index does not reflect fees and expenses and is not available for direct investment.