Harbor Mid Cap Growth Fund Institutional Class (HAMGX)

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

Harbor Mid Cap Growth FundRussell Midcap® Growth Index
Number of Holdings60418
Weighted Avg. Market Cap ($Mil)13,723.7614,488.82
Median Market Cap ($Mil)8,020.257,397.25
Price/Book Ratio7.066.42
Adj. Trailing P/E Ratio29.2924.07
Forecasted P/E Ratio34.3419.50
Earnings Growth Rate (%)25.0017.90
Proj. Earnings Growth Rate (%)16.5816.86
Return on Equity (%)6.1119.94
Turnover (unannualized % since 10/31)44-
Beta vs. Fund Benchmark1.22-

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
Workday Inc. [WDAY]4.5
Servicenow Inc. [NOW]3.6
Align Technology Inc. [ALGN]3.3
Exact Sciences Corp. [EXAS]3.3
Guidewire Software Inc. [GWRE]3.1
CoStar Group Inc. [CSGP]3.1
Monster Beverage Corp. [MNST]3.0
Haemonetics Corp. [HAE]2.8
TD Ameritrade Holding Corp. [AMTD]2.7
DexCom Inc. [DXCM]2.7
% of Total Holdings:32.1

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Workday Inc. [WDAY]US91159.6814,4574.5
Servicenow Inc. [NOW]US65178.0511,6583.6
Align Technology Inc. [ALGN]US51209.4310,6563.3
Exact Sciences Corp. [EXAS]US16863.1010,6073.3
Guidewire Software Inc. [GWRE]US12680.2310,0743.1
CoStar Group Inc. [CSGP]US30337.3410,0313.1
Monster Beverage Corp. [MNST]US19349.229,5013.0
Haemonetics Corp. [HAE]US89100.058,9012.8
TD Ameritrade Holding Corp. [AMTD]US18048.968,7942.7
DexCom Inc. [DXCM]US72119.808,5922.7
Spotify Technology SA [SPOT]SE75113.508,5382.7
Wayfair Inc. [W]US9490.088,4312.6
Edwards Lifesciences Corp. [EW]US55153.178,4052.6
Advanced Micro Devices Inc. [AMD]US40118.467,3962.3
Harris Corp. [HRS]US54134.657,2582.3
Lamb Weston Holdings Inc. [LW]US9473.566,8952.2
Zebra Technologies Corp. [ZBRA]US42159.236,6992.1
Vail Resorts Inc. [MTN]US32210.826,6912.1
Take-Two Interactive Software Inc. [TTWO]US60102.946,1921.9
Vulcan Materials Co. [VMC]US6398.806,1811.9
Insulet Corp. [PODD]US7679.326,0341.9
Veeva Systems Inc. [VEEV]US6089.325,3951.7
Autodesk Inc. [ADSK]US42128.615,3821.7
Penumbra Inc. [PEN]US43122.205,2421.6
Splunk Inc. [SPLK]US49104.855,1741.6
Norwegian Cruise Line Holdings Ltd. [NCLH]BM11742.394,9551.5
Godaddy Inc. [GDDY]US7465.624,8511.5
Planet Fitness Inc. [PLNT]US8753.624,6511.5
Grand Canyon Education Inc. [LOPE]US4696.144,4051.4
IDEX Corp. [IEX]US35126.264,3951.4
2u Inc. [TWOU]US8749.724,3191.3
Floor & Decor Holdings Inc. [FND]US16625.904,2901.3
Fair Isaac Corp. [FICO]US23187.004,2131.3
Ionis Pharmaceuticals Inc. [IONS]US7854.064,2081.3
Marriott Vacations Worldwide Corp. [VAC]US5770.514,0131.3
TripAdvisor Inc. [TRIP]US7453.943,9751.2
Shopify Inc. Class A [SHOP]CA28138.453,9261.2
Roper Technologies Inc. [ROP]US15266.523,9001.2
Zillow Group Inc. Class C [Z]US11531.583,6211.1
Brink's Co. [BCO]US5464.653,5151.1
Melco Resorts & Entertainment Ltd. ADR [MLCO]HK19817.623,4871.1
Square Inc. [SQ]US6256.093,4681.1
Pivotal Software Inc. [PVTL]US21116.353,4501.1
Polaris Industries Inc. [PII]US4576.683,4281.1
Under Armour Inc. Class C [UA]US19716.173,1841.0
Galapagos NV [GLPG]BE3192.302,8730.9
Hilton Grand Vacations Inc. [HGV]US10826.392,8420.9
WPX Energy Inc. [WPX]US24211.352,7490.9
Logitech International SA [LOGN]CH8331.592,6300.8
Teradyne Inc. [TER]US7831.382,4540.8
Sage Therapeutics Inc. [SAGE]US2395.792,2360.7
Universal Display Corp. [OLED]US2393.572,1100.7
Seattle Genetics Inc. [SGEN]US3656.662,0590.6
Diamondback Energy Inc. [FANG]US1692.701,4820.5
Under Armour Inc. Class A [UAA]US5817.671,0180.3
Bluebird Bio Inc. [BLUE]US799.206850.2
Galapagos NV ADR [GLPG]BE591.744310.1
Elanco Animal Health Inc. [ELAN]US731.532270.1
Logitech International SA [LOGI]CH431.281250.0
Upwork Inc. [UPWK]US318.11580.0
Total307,41795.8
Cash and Other Assets Less Liabilities4.2
Total Net Assets100%

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

As of Quarter Ended 12/31/2018
Economic SectorHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Information Technology28.931.6
Health Care23.914.7
Consumer Discretionary16.116.4
Industrials9.115.9
Communication Services7.04.0
Consumer Staples5.13.4
Financials2.76.6
Materials1.93.6
Energy1.31.5
Real Estate0.02.3

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

As of Quarter Ended 12/31/2018
Sector ReturnsHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Cash0.50.0
Real Estate0.0-4.5
Consumer Staples-2.4-2.0
Financials-6.8-16.4
Materials-14.7-14.4
Industrials-16.5-17.9
Information Technology-16.8-15.7
Health Care-21.3-19.8
Communication Services-24.7-12.7
Consumer Discretionary-25.2-15.2
Energy-39.8-25.0

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