Harbor Small Cap Growth Fund Institutional Class (HASGX)

Portfolio Characteristics (As of Quarter Ended 03/31/2019)

Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings741,239
Weighted Avg. Market Cap ($Mil)4,728.282,673.76
Median Market Cap ($Mil)3,777.89874.26
Price/Book Ratio4.634.27
Adj. Trailing P/E Ratio23.0218.68
Forecasted P/E Ratio20.4720.73
Earnings Growth Rate (%)21.1815.33
Proj. Earnings Growth Rate (%)18.0616.71
Return on Equity (%)9.5611.96
Turnover (unannualized % since 10/31)72-
Beta vs. Fund Benchmark0.95-

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

Top Ten Holdings (As of Quarter Ended 03/31/2019)

Company Name [Ticker]% of Net Assets
BIO-RAD Laboratories Inc. [BIO]2.6
Icon plc [ICLR]2.5
Heico Corp. [HEI.A]2.4
Integra LifeSciences Holdings Corp. [IART]2.2
Interxion Holding NV [INXN]2.1
Teledyne Technologies Inc. [TDY]2.1
Berry Global Group Inc. [BERY]2.1
Fair Isaac Corp. [FICO]2.1
Topbuild Corp. [BLD]2.0
Ascendis Pharma A/S ADR [ASND]1.9
% of Total Holdings:22.0

Full Holdings (As of Quarter Ended 03/31/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
BIO-RAD Laboratories Inc. [BIO]US60305.6818,2982.6
Icon plc [ICLR]IE130136.5817,7682.5
Heico Corp. [HEI.A]US20584.0617,2082.4
Integra LifeSciences Holdings Corp. [IART]US27755.7215,4612.2
Interxion Holding NV [INXN]NL22666.7315,0762.1
Teledyne Technologies Inc. [TDY]US63237.0114,9132.1
Berry Global Group Inc. [BERY]US27753.8714,9112.1
Fair Isaac Corp. [FICO]US55271.6314,8312.1
Topbuild Corp. [BLD]US22164.8214,3372.0
Ascendis Pharma A/S ADR [ASND]DK117117.7013,7731.9
Tableau Software Inc. [DATA]US108127.2813,7291.9
Kemper Corp. [KMPR]US18076.1413,7141.9
Rush Enterprises Inc. [RUSHA]US32141.8113,4161.9
Proofpoint Inc. [PFPT]US110121.4313,3651.9
Ingevity Corp. [NGVT]US121105.6112,8261.8
Msa Safety Inc. [MSA]US122103.4012,6271.8
WPX Energy Inc. [WPX]US95213.1112,4831.7
Madison Square Garden Co. [MSG]US42293.1312,4081.7
Wolverine World Wide Inc. [WWW]US33835.7312,0601.7
Medicines Co. [MDCO]US41627.9511,6141.6
Lincoln Electric Holdings Inc. [LECO]US13783.8711,4661.6
Ryder System Inc. [R]US18461.9911,3961.6
Wex Inc. [WEX]US59191.9911,2971.6
Masimo Corp. [MASI]US81138.2811,1631.6
Acceleron Pharma Inc. [XLRN]US23346.5710,8691.5
Eldorado Resorts Inc. [ERI]US22946.6910,7021.5
Avnet Inc. [AVT]US24543.3710,6401.5
Nice Ltd. ADR [NICE]IL86122.5110,5361.5
American Eagle Outfitters Inc. [AEO]US47022.1710,4311.5
8x8 Inc. [EGHT]US51620.2010,4221.5
Trex Co. Inc. [TREX]US16861.5210,3291.4
Ironwood Pharmaceuticals Inc. [IRWD]US76113.5310,2901.4
Haemonetics Corp. [HAE]US11787.4810,2521.4
Nuance Communications Inc. [NUAN]US60616.9310,2511.4
Five Below Inc. [FIVE]US82124.2510,2411.4
Viavi Solutions Inc. [VIAV]US77012.389,5331.3
Flowserve Corp. [FLS]US20945.149,4181.3
LPL Financial Holdings Inc. [LPLA]US13469.659,3101.3
Bright Horizons Family Solutions Inc. [BFAM]US72127.119,2041.3
WNS Holdings Ltd. ADR [WNS]JE17253.279,1601.3
Green Dot Corp. [GDOT]US15060.659,1141.3
Cabot Microelectronics Corp. [CCMP]US81111.969,0271.3
Acacia Communications Inc. [ACIA]US15757.359,0071.3
PBF Energy Inc. [PBF]US28631.148,9151.2
Summit Materials Inc. [SUM]US55515.878,8131.2
Blueprint Medicines Corp. [BPMC]US10880.058,6071.2
Strategic Education Inc. [STRA]US65131.318,5961.2
Bank of NT Butterfield & Son Ltd. [NTB]BM23335.888,3741.2
Zogenix Inc. [ZGNX]US15255.018,3411.2
Intersect ENT Inc. [XENT]US25632.158,2451.2
Catalent Inc. [CTLT]US18540.597,5031.0
Stag Industrial Inc. [STAG]US25329.657,5031.0
Ultimate Software Group Inc. [ULTI]US22330.137,2951.0
Essent Group Ltd. [ESNT]BM16743.457,2661.0
MicroStrategy Inc. [MSTR]US50144.257,2411.0
Momenta Pharmaceuticals Inc. [MNTA]US49714.537,2251.0
Inphi Corp. [IPHI]US16043.747,0031.0
Cyrusone Inc. [CONE]US12952.446,7700.9
Hamilton Lane Inc. [HLNE]US15443.586,7120.9
Wright Medical Group NV [WMGI]NL21131.456,6240.9
Nexstar Media Group Inc. [NXST]US61108.376,5780.9
Fate Therapeutics Inc. [FATE]US35217.576,1810.9
Novocure Ltd. [NVCR]JE12548.176,0290.8
Correvio Pharma Corp. [CORV]CA1,8793.165,9380.8
Apellis Pharmaceuticals Inc. [APLS]US29619.505,7750.8
Paylocity Holding Corp. [PCTY]US6289.195,5650.8
Alarm.Com Holdings Inc. [ALRM]US8564.905,5480.8
Cymabay Therapeutics Inc. [CBAY]US34113.284,5340.6
Teladoc Inc. [TDOC]US8155.604,4890.6
Orchard Therapeutics plc ADR [ORTX]GB21217.883,7910.5
Smartsheet Inc. [SMAR]US9340.793,7780.5
Matson Inc. [MATX]US10136.093,6610.5
Evolent Health Inc. [EVH]US28212.583,5420.5
Centennial Resource Development Inc. [CDEV]US3368.792,9520.4
Ultra Clean Holdings Inc. [UCTT]US1910.352000.0
Total718,470100.2
Cash and Other Assets Less Liabilities-0.2
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Health Care28.826.6
Information Technology25.619.3
Industrials14.617.3
Consumer Discretionary10.614.6
Financials7.66.9
Materials5.13.4
Energy3.41.9
Communication Services2.73.3
Real Estate2.03.2
Utilities0.00.5
Consumer Staples0.02.9

Sector Returns (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Real Estate43.619.7
Information Technology29.024.6
Health Care26.918.0
Materials20.617.2
Communication Services17.915.1
Industrials17.813.5
Consumer Discretionary16.215.9
Financials12.710.8
Energy2.624.0
Cash0.60.0
Consumer Staples0.07.1
Utilities0.09.1

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® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest 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® Growth Index and Russell® are trademarks of Frank Russell Company.