Harbor Small Cap Growth Fund Institutional Class (HASGX)

Portfolio Characteristics (As of Quarter Ended 09/30/2019)

Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings721,164
Weighted Avg. Market Cap ($Mil)5,116.232,459.48
Median Market Cap ($Mil)3,806.59855.86
Price/Book Ratio4.644.06
Adj. Trailing P/E Ratio24.8220.59
Forecasted P/E Ratio20.2621.10
Earnings Growth Rate (%)19.0713.44
Proj. Earnings Growth Rate (%)16.4016.94
Return on Equity (%)10.5210.66
Turnover (unannualized % since 10/31)66-
Beta vs. Fund Benchmark0.92-

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

Top Ten Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]% of Net Assets
Medicines Co. [MDCO]3.0
Topbuild Corp. [BLD]2.9
Teledyne Technologies Inc. [TDY]2.8
Heico Corp. [HEI.A]2.8
BIO-RAD Laboratories Inc. [BIO]2.7
Icon plc [ICLR]2.7
Trex Co. Inc. [TREX]2.4
Spirit Realty Capital Inc. [SRC]2.1
Interxion Holding NV [INXN]2.0
Wex Inc. [WEX]2.0
% of Total Holdings:25.4

Full Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Medicines Co. [MDCO]US43150.0021,5363.0
Topbuild Corp. [BLD]US21896.4321,0102.9
Teledyne Technologies Inc. [TDY]US62321.9920,0212.8
Heico Corp. [HEI.A]US20297.3119,6852.8
BIO-RAD Laboratories Inc. [BIO]US59332.7419,5752.7
Icon plc [ICLR]IE129147.3418,9402.7
Trex Co. Inc. [TREX]US19290.9317,4342.4
Spirit Realty Capital Inc. [SRC]US31747.8615,1602.1
Interxion Holding NV [INXN]NL17981.4614,5542.0
Wex Inc. [WEX]US72202.0714,5332.0
Proofpoint Inc. [PFPT]US108129.0513,9942.0
Masimo Corp. [MASI]US92148.7913,6781.9
Lincoln Electric Holdings Inc. [LECO]US15286.7613,1451.8
Haemonetics Corp. [HAE]US102126.1412,8751.8
Ascendis Pharma A/S ADR [ASND]DK12896.3212,3661.7
Blueprint Medicines Corp. [BPMC]US16773.4712,2811.7
Rush Enterprises Inc. [RUSHA]US31738.5812,2341.7
Nice Ltd. ADR [NICE]IL85143.8012,1711.7
Five Below Inc. [FIVE]US96126.1012,1311.7
LPL Financial Holdings Inc. [LPLA]US14781.9012,0491.7
Cabot Microelectronics Corp. [CCMP]US82141.2111,5651.6
Kemper Corp. [KMPR]US14677.9511,4171.6
Fair Isaac Corp. [FICO]US37303.5211,3751.6
Essent Group Ltd. [ESNT]BM23747.6711,2961.6
Madison Square Garden Co. [MSG]US42263.5211,0231.5
Woodward Inc. [WWD]US100107.8310,7671.5
Eldorado Resorts Inc. [ERI]US25839.8710,2861.4
Ingevity Corp. [NGVT]US12084.8410,2061.4
WNS Holdings Ltd. ADR [WNS]JE17058.759,9641.4
WPX Energy Inc. [WPX]US94110.599,9601.4
Firstcash Inc. [FCFS]US10791.679,7711.4
Nuance Communications Inc. [NUAN]US59916.319,7641.4
Catalent Inc. [CTLT]US20347.669,6901.4
8x8 Inc. [EGHT]US46320.729,5941.3
Timken Co. [TKR]US21943.519,5251.3
PBF Energy Inc. [PBF]US34527.199,3901.3
Flowserve Corp. [FLS]US19846.719,2541.3
Integra LifeSciences Holdings Corp. [IART]US15360.079,1821.3
Msa Safety Inc. [MSA]US81109.118,8511.2
Strategic Education Inc. [STRA]US64135.888,7451.2
Mimecast Ltd. [MIME]JE24435.678,6921.2
Ironwood Pharmaceuticals Inc. [IRWD]US1,0018.598,5921.2
Viavi Solutions Inc. [VIAV]US61114.018,5581.2
Knowles Corp. [KN]US40720.348,2841.2
Acceleron Pharma Inc. [XLRN]US20939.518,2661.2
Pacira BioSciences Inc. [PCRX]US21038.077,9981.1
Cyrusone Inc. [CONE]US10179.107,9501.1
Ryder System Inc. [R]US15151.777,8151.1
Papa John's International Inc. [PZZA]US14652.357,6531.1
Summit Materials Inc. [SUM]US34522.207,6481.1
Teladoc Health Inc. [TDOC]US11267.727,5661.1
Zynga Inc. [ZNGA]US1,2425.827,2301.0
Rogers Corp. [ROG]US53136.717,1801.0
RMR Group Inc. [RMR]US15745.487,1381.0
Bright Horizons Family Solutions Inc. [BFAM]US47152.507,1321.0
Berry Global Group Inc. [BERY]US18139.277,0951.0
Hamilton Lane Inc. [HLNE]US12456.967,0831.0
Paylocity Holding Corp. [PCTY]US6297.586,0820.9
Palomar Holdings Inc. [PLMR]US15339.426,0360.8
Smartsheet Inc. [SMAR]US16636.035,9690.8
First Hawaiian Inc. [FHB]US21326.705,6930.8
American Eagle Outfitters Inc. [AEO]US34016.225,5140.8
Fate Therapeutics Inc. [FATE]US35015.535,4410.8
Intersect ENT Inc. [XENT]US31517.015,3660.8
Momenta Pharmaceuticals Inc. [MNTA]US38312.964,9650.7
Fibrogen Inc. [FGEN]US13136.984,8350.7
Repay Holdings Corp. [RPAY]US28513.333,7980.5
Matson Inc. [MATX]US10037.513,7670.5
Orchard Therapeutics plc ADR [ORTX]GB31411.883,7360.5
Correvio Pharma Corp. [CORV]CA1,8572.003,7140.5
Apellis Pharmaceuticals Inc. [APLS]US11624.092,7940.4
Grocery Outlet Holding Corp. [GO]US3134.681,0770.2
Total711,66499.5
Cash and Other Assets Less Liabilities0.5
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Health Care27.127.5
Information Technology21.918.1
Industrials18.619.6
Consumer Discretionary10.212.3
Financials8.96.0
Real Estate4.24.9
Materials3.53.2
Energy2.70.7
Communication Services2.62.5
Consumer Staples0.23.5
Utilities0.01.8

Sector Returns (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Real Estate17.03.0
Consumer Staples5.53.6
Industrials2.5-0.1
Cash0.50.0
Utilities0.09.2
Information Technology-0.3-2.2
Financials-1.3-2.6
Consumer Discretionary-2.3-4.1
Health Care-4.6-9.8
Communication Services-7.7-10.7
Energy-9.4-20.4
Materials-11.5-6.3

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.