Harbor Large Cap Value Fund Institutional Class (HAVLX)

Portfolio Characteristics (As of Quarter Ended 12/31/2018)

Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings43725
Weighted Avg. Market Cap ($Mil)101,918.19118,019.03
Median Market Cap ($Mil)35,072.108,314.06
Price/Book Ratio2.602.09
Adj. Trailing P/E Ratio17.4216.67
Forecasted P/E Ratio13.3713.57
Earnings Growth Rate (%)11.947.87
Proj. Earnings Growth Rate (%)11.339.64
Return on Equity (%)11.6411.10
Turnover (unannualized % since 10/31)9-
Beta vs. Fund Benchmark1.01-

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

Top Ten Holdings (As of Quarter Ended 12/31/2018)

Company Name [Ticker]% of Net Assets
Adobe Systems Inc. [ADBE]4.8
Microsoft Corp. [MSFT]4.1
Amgen Inc. [AMGN]3.2
Bank of America Corp. [BAC]3.1
Danaher Corp. [DHR]3.1
Coca-Cola Co. [KO]3.0
Medtronic plc [MDT]3.0
PayPal Holdings Inc. [PYPL]3.0
Microchip Technology Inc. [MCHP]2.8
ANSYS Inc. [ANSS]2.7
% of Total Holdings:32.8

Full Holdings (As of Quarter Ended 12/31/2018)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Adobe Systems Inc. [ADBE]US190226.2442,9864.8
Microsoft Corp. [MSFT]US365101.5737,0734.1
Amgen Inc. [AMGN]US147194.6728,6163.2
Bank of America Corp. [BAC]US1,14024.6428,0903.1
Danaher Corp. [DHR]US272103.1228,0493.1
Coca-Cola Co. [KO]US57147.3527,0373.0
Medtronic plc [MDT]IE29490.9626,7423.0
PayPal Holdings Inc. [PYPL]US31884.0926,7413.0
Microchip Technology Inc. [MCHP]US34871.9225,0282.8
ANSYS Inc. [ANSS]US172142.9424,5862.7
Home Depot Inc. [HD]US140171.8224,0552.7
Oshkosh Corp. [OSK]US37061.3122,6852.5
Parker-Hannifin Corp. [PH]US149149.1422,2222.5
General Dynamics Corp. [GD]US141157.2122,1672.5
Unilever NV [UN]GB41153.8022,1122.4
Phillips 66 [PSX]US25586.1521,9682.4
Sony Corp. ADR [SNE]JP45348.2821,8712.4
PPG Industries Inc. [PPG]US213102.2321,7752.4
Martin Marietta Materials Inc. [MLM]US120171.8720,7102.3
Novartis AG ADR [NVS]CH23985.8120,5092.3
Capital One Financial Corp. [COF]US26775.5920,1832.2
Ameriprise Financial Inc. [AMP]US193104.3720,1432.2
Walgreens Boots Alliance Inc. [WBA]US29268.3319,9522.2
National Fuel Gas Co. [NFG]US37951.1819,3972.1
Kroger Co. [KR]US69027.5018,9752.1
Twitter Inc. [TWTR]US65028.7418,6812.1
Johnson Controls International plc [JCI]IE63029.6518,6802.1
Chubb Ltd. [CB]CH144129.1818,6022.1
Lennar Corp. Class A [LEN]US45739.1517,8922.0
JPMorgan Chase & Co. [JPM]US18397.6217,8642.0
Mondelez International Inc. [MDLZ]US42440.0316,9731.9
Banco Bilbao Vizcaya SA ADR [BBVA]ES3,1505.2916,6641.8
East West Bancorp Inc. [EWBC]US36543.5315,8881.8
Halliburton Co. [HAL]US56026.5814,8851.6
Pioneer Natural Resources Co. [PXD]US111131.5214,5991.6
AbbVie Inc. [ABBV]US15792.1914,4741.6
Equity Lifestyle Properties Inc. [ELS]US13897.1313,3651.5
Sun Communities Inc. [SUI]US131101.7113,3241.5
Cullen/Frost Bankers Inc. [CFR]US15087.9413,1911.5
BOK Financial Corp. [BOKF]US17073.3312,4661.4
Acadia Healthcare Co. Inc. [ACHC]US47025.7112,0841.3
Mitsubishi UFJ Financial Group Inc. ADR [MUFG]JP2,4004.8711,6881.3
Lennar Corp. Class B [LEN/B]US731.332230.0
Total875,21597.1
Cash and Other Assets Less Liabilities2.9
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials19.322.5
Information Technology17.39.3
Health Care14.415.7
Consumer Staples11.67.8
Industrials9.57.4
Consumer Discretionary7.15.2
Energy5.79.3
Materials4.74.1
Real Estate3.04.9
Utilities2.16.5
Communication Services2.17.3

Sector Returns (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Real Estate1.1-6.6
Communication Services1.0-5.7
Cash0.60.0
Consumer Staples-2.8-4.2
Materials-5.6-14.4
Health Care-6.8-7.0
Utilities-7.91.1
Information Technology-13.1-12.4
Industrials-17.6-19.4
Consumer Discretionary-17.7-12.8
Financials-18.6-13.4
Energy-26.9-24.5

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 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Frank Russell Company.