Harbor Large Cap Value Fund Institutional Class (HAVLX)

Portfolio Characteristics (As of Quarter Ended 06/30/2019)

Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings44722
Weighted Avg. Market Cap ($Mil)120,583.65129,494.15
Median Market Cap ($Mil)28,937.209,391.35
Price/Book Ratio3.412.36
Adj. Trailing P/E Ratio16.3216.58
Forecasted P/E Ratio17.1315.69
Earnings Growth Rate (%)16.104.73
Proj. Earnings Growth Rate (%)9.458.44
Return on Equity (%)17.1311.67
Turnover (unannualized % since 10/31)10-
Beta vs. Fund Benchmark1.03-

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

Top Ten Holdings (As of Quarter Ended 06/30/2019)

Company Name [Ticker]% of Net Assets
Adobe Inc. [ADBE]4.9
Microsoft Corp. [MSFT]4.3
Danaher Corp. [DHR]3.7
PayPal Holdings Inc. [PYPL]3.1
Bank of America Corp. [BAC]3.1
ANSYS Inc. [ANSS]2.9
Coca-Cola Co. [KO]2.8
Medtronic plc [MDT]2.7
Microchip Technology Inc. [MCHP]2.7
Allegion plc [ALLE]2.7
% of Total Holdings:32.9

Full Holdings (As of Quarter Ended 06/30/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Adobe Inc. [ADBE]US190294.6555,9844.9
Microsoft Corp. [MSFT]US369133.9649,4314.3
Danaher Corp. [DHR]US300142.9242,8763.7
PayPal Holdings Inc. [PYPL]US315114.4636,0553.1
Bank of America Corp. [BAC]US1,22529.0035,5253.1
ANSYS Inc. [ANSS]US165204.8233,7952.9
Coca-Cola Co. [KO]US62050.9231,5702.8
Medtronic plc [MDT]IE31997.3931,0672.7
Microchip Technology Inc. [MCHP]US35886.7031,0392.7
Allegion plc [ALLE]IE277110.5530,6222.7
Amgen Inc. [AMGN]US163184.2830,0382.6
Oshkosh Corp. [OSK]US35583.4929,6392.6
Sony Corp. ADR [SNE]JP55052.3928,8152.5
Home Depot Inc. [HD]US137207.9728,4922.5
Tyson Foods Inc. [TSN]US35280.7428,4202.5
Martin Marietta Materials Inc. [MLM]US120230.1127,7282.4
PPG Industries Inc. [PPG]US235116.7127,4272.4
Novartis AG ADR [NVS]CH30091.3127,3932.4
Phillips 66 [PSX]US29093.5427,1272.4
Johnson Controls International plc [JCI]US65541.3127,0582.4
Ameriprise Financial Inc. [AMP]US185145.1626,8552.3
General Dynamics Corp. [GD]US145181.8226,3642.3
Unilever NV [UN]GB42560.7225,8062.3
Parker-Hannifin Corp. [PH]US150170.0125,5022.2
Capital One Financial Corp. [COF]US27590.7424,9542.2
Twitter Inc. [TWTR]US70534.9024,6052.1
Alcon Inc. [ALC]CH37762.0523,3732.0
Chubb Ltd. [CB]CH155147.2922,8302.0
JPMorgan Chase & Co. [JPM]US200111.8022,3602.0
Lennar Corp. [LEN]US45748.4622,1461.9
Walgreens Boots Alliance Inc. [WBA]US34054.6718,5881.6
East West Bancorp Inc. [EWBC]US39546.7718,4741.6
Pioneer Natural Resources Co. [PXD]US120153.8618,4631.6
Sun Communities Inc. [SUI]US140128.1917,9471.6
Equity Lifestyle Properties Inc. [ELS]US145121.3417,5941.5
Banco Bilbao Vizcaya Argentaria SA ADR [BBVA]ES3,0505.5616,9581.5
Acadia Healthcare Co. Inc. [ACHC]US47834.9516,7061.5
Commerce Bancshares Inc. [CBSH]US27659.6616,4661.4
Cullen/Frost Bankers Inc. [CFR]US16693.6615,5481.4
BOK Financial Corp. [BOKF]US20075.4815,0961.3
Halliburton Co. [HAL]US60022.7413,6441.2
Mitsubishi UFJ Financial Group Inc. ADR [MUFG]JP2,7204.7512,9201.1
National Fuel Gas Co. [NFG]US11752.756,1900.5
Lennar Corp. Class B [LEN/B]US738.512740.0
Total1,109,76496.7
Cash and Other Assets Less Liabilities3.3
Total Net Assets100%

Sector Allocation (As of Quarter Ended 06/30/2019)

As of Quarter Ended 06/30/2019
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials19.922.5
Information Technology18.09.7
Health Care15.015.2
Industrials12.18.0
Consumer Staples9.17.8
Consumer Discretionary7.05.3
Energy5.29.0
Materials4.84.0
Real Estate3.15.0
Communication Services2.17.1
Utilities0.56.4

Sector Returns (As of Quarter Ended 06/30/2019)

As of Quarter Ended 06/30/2019
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Consumer Discretionary10.73.6
Information Technology10.73.2
Industrials10.26.6
Materials9.14.0
Real Estate7.81.0
Health Care7.02.8
Communication Services6.16.4
Financials4.67.7
Consumer Staples3.92.5
Cash0.60.0
Energy-5.8-3.6
Utilities-12.73.4

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.