Harbor Large Cap Value Fund Institutional Class (HAVLX)

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

Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings44722
Weighted Avg. Market Cap ($Mil)112,090.22125,865.96
Median Market Cap ($Mil)30,168.659,115.44
Price/Book Ratio2.832.32
Adj. Trailing P/E Ratio18.2516.94
Forecasted P/E Ratio16.8616.04
Earnings Growth Rate (%)13.694.37
Proj. Earnings Growth Rate (%)10.108.55
Return on Equity (%)17.1311.67
Turnover (unannualized % since 10/31)11-
Beta vs. Fund Benchmark1.03-

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
Adobe Systems Inc. [ADBE]4.8
Microsoft Corp. [MSFT]4.2
Danaher Corp. [DHR]3.5
PayPal Holdings Inc. [PYPL]3.2
Bank of America Corp. [BAC]3.0
ANSYS Inc. [ANSS]2.9
Amgen Inc. [AMGN]2.9
Coca-Cola Co. [KO]2.7
Microchip Technology Inc. [MCHP]2.7
Novartis AG ADR [NVS]2.7
% of Total Holdings:32.6

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Adobe Systems Inc. [ADBE]US184266.4949,0344.8
Microsoft Corp. [MSFT]US362117.9442,6944.2
Danaher Corp. [DHR]US272132.0235,9093.5
PayPal Holdings Inc. [PYPL]US315103.8432,7103.2
Bank of America Corp. [BAC]US1,13027.5931,1773.0
ANSYS Inc. [ANSS]US165182.7130,1472.9
Amgen Inc. [AMGN]US155189.9829,4472.9
Coca-Cola Co. [KO]US60046.8628,1162.7
Microchip Technology Inc. [MCHP]US33682.9627,8752.7
Novartis AG ADR [NVS]CH28596.1427,4002.7
Medtronic plc [MDT]IE29491.0826,7782.6
Oshkosh Corp. [OSK]US35575.1326,6712.6
Home Depot Inc. [HD]US137191.8926,2892.6
PPG Industries Inc. [PPG]US225112.8725,3962.5
Parker-Hannifin Corp. [PH]US145171.6224,8852.4
Phillips 66 [PSX]US26095.1724,7442.4
Martin Marietta Materials Inc. [MLM]US120201.1824,2422.4
Unilever NV [UN]GB41158.2923,9572.3
General Dynamics Corp. [GD]US141169.2823,8682.3
Ameriprise Financial Inc. [AMP]US185128.1023,6992.3
Johnson Controls International plc [JCI]US63036.9423,2722.3
Twitter Inc. [TWTR]US70532.8823,1802.3
Lennar Corp. Class A [LEN]US45749.0922,4342.2
National Fuel Gas Co. [NFG]US36360.9622,1282.2
Capital One Financial Corp. [COF]US26581.6921,6482.1
Sony Corp. ADR [SNE]JP49542.2420,9092.0
Mondelez International Inc. [MDLZ]US41049.9220,4672.0
Chubb Ltd. [CB]CH146140.0820,4522.0
Walgreens Boots Alliance Inc. [WBA]US31063.2719,6141.9
JPMorgan Chase & Co. [JPM]US190101.2319,2341.9
Banco Bilbao Vizcaya SA ADR [BBVA]ES3,0505.7317,4771.7
East West Bancorp Inc. [EWBC]US35847.9717,1731.7
Pioneer Natural Resources Co. [PXD]US111152.2816,9031.6
Halliburton Co. [HAL]US56029.3016,4081.6
Sun Communities Inc. [SUI]US131118.5215,5261.5
Equity Lifestyle Properties Inc. [ELS]US133114.3015,2021.5
Cullen/Frost Bankers Inc. [CFR]US15097.0714,5611.4
Acadia Healthcare Co. Inc. [ACHC]US47829.3114,0101.4
BOK Financial Corp. [BOKF]US17081.5513,8641.4
Mitsubishi UFJ Financial Group Inc. ADR [MUFG]JP2,5004.9512,3751.2
Tyson Foods Inc. [TSN]US15169.4310,4941.0
Kroger Co. [KR]US39624.609,7340.9
Allegion plc [ALLE]IE7290.716,5200.6
Lennar Corp. Class B [LEN/B]US739.122790.0
Total978,90295.4
Cash and Other Assets Less Liabilities4.6
Total Net Assets100%

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

As of Quarter Ended 03/31/2019
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials18.721.7
Information Technology17.89.8
Health Care13.015.3
Consumer Staples10.97.9
Industrials10.27.8
Consumer Discretionary6.85.3
Energy5.79.7
Materials4.84.0
Real Estate3.05.2
Communication Services2.36.9
Utilities2.26.4

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

As of Quarter Ended 03/31/2019
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Utilities19.911.5
Information Technology19.818.5
Industrials17.918.7
Real Estate17.816.5
Communication Services14.49.3
Materials14.09.4
Energy12.616.6
Financials10.78.0
Health Care10.27.6
Consumer Discretionary7.313.2
Consumer Staples5.612.5
Cash0.60.0

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.