Harbor Mid Cap Value Fund Institutional Class (HAMVX)

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

Harbor Mid Cap Value FundRussell Midcap® Value Index
Number of Holdings185589
Weighted Avg. Market Cap ($Mil)11,331.7414,960.58
Median Market Cap ($Mil)5,091.597,389.94
Price/Book Ratio1.752.17
Adj. Trailing P/E Ratio10.3717.72
Forecasted P/E Ratio10.0817.01
Earnings Growth Rate (%)11.197.58
Proj. Earnings Growth Rate (%)7.848.40
Return on Equity (%)13.9910.19
Turnover (unannualized % since 10/31)10-
Beta vs. Fund Benchmark1.14-

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
Entergy Corp. [ETR]2.1
Cummins Inc. [CMI]1.4
LAM Research Corp. [LRCX]1.4
FirstEnergy Corp. [FE]1.4
Ameriprise Financial Inc. [AMP]1.3
SunTrust Banks Inc. [STI]1.3
Eastman Chemical Co. [EMN]1.3
Juniper Networks Inc. [JNPR]1.2
Lincoln National Corp. [LNC]1.2
Regions Financial Corp. [RF]1.2
% of Total Holdings:13.8

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Entergy Corp. [ETR]US19695.6318,7532.1
Cummins Inc. [CMI]US81157.8712,7401.4
LAM Research Corp. [LRCX]US69179.0112,2801.4
FirstEnergy Corp. [FE]US29441.6112,2331.4
Ameriprise Financial Inc. [AMP]US92128.1011,7721.3
SunTrust Banks Inc. [STI]US19559.2511,5721.3
Eastman Chemical Co. [EMN]US15175.8811,4281.3
Juniper Networks Inc. [JNPR]US40526.4710,7231.2
Lincoln National Corp. [LNC]US18058.7010,5541.2
Regions Financial Corp. [RF]US73914.1510,4631.2
PPL Corp. [PPL]US31731.7410,0681.1
Kroger Co. [KR]US40824.6010,0491.1
Tyson Foods Inc. [TSN]US14469.439,9841.1
United Continental Holdings Inc. [UAL]US12479.789,9251.1
Medical Properties Trust Inc. [MPW]US53518.519,9071.1
Spirit Aerosystems Holdings Inc. [SPR]US10791.539,8301.1
Discover Financial Services [DFS]US13871.169,7851.1
Celanese Corp. [CE]US9898.619,6541.1
Kohl's Corp. [KSS]US13568.779,2631.0
Valero Energy Corp. [VLO]US10884.839,1701.0
JM Smucker Co. [SJM]US77116.508,9711.0
Citizens Financial Group Inc. [CFG]US26832.508,7041.0
On Semiconductor Corp. [ON]US41020.578,4320.9
Huntington Ingalls Industries Inc. [HII]US40207.208,3830.9
Fifth Third Bancorp [FITB]US32825.228,2700.9
Piedmont Office Realty Trust Inc. [PDM]US39620.858,2460.9
Whirlpool Corp. [WHR]US60132.897,9200.9
OMEGA Healthcare Investors Inc. [OHI]US20838.157,9160.9
HCA Healthcare Inc. [HCA]US61130.387,9010.9
KeyCorp [KEY]US49515.757,7990.9
Hartford Financial Services Group Inc. [HIG]US15149.727,4980.8
Zions Bancorporation [ZION]US16545.417,4880.8
Best Buy Co. Inc. [BBY]US10171.067,1560.8
Jazz Pharmaceuticals plc [JAZZ]IE50142.957,1330.8
Reliance Steel & Aluminum Co. [RS]US7890.267,0850.8
Host Hotels & Resorts Inc. [HST]US37118.907,0120.8
Seagate Technology plc [STX]IE14447.896,8870.8
Foot Locker Inc. [FL]US11160.606,7390.8
Allstate Corp. [ALL]US7194.186,6680.8
Lexington Realty Trust [LXP]US7349.066,6460.7
Molson Coors Brewing Co. [TAP]US11059.656,5910.7
Manpowergroup Inc. [MAN]US7982.696,5660.7
AMC Networks Inc. [AMCX]US11656.766,5610.7
Brinker International Inc. [EAT]US14744.386,5240.7
Huntsman Corp. [HUN]US29022.496,5150.7
CIT Group Inc. [CIT]US13547.976,4660.7
Public Service Enterprise Group Inc. [PEG]US10959.416,4580.7
Vereit Inc. [VER]US7628.376,3750.7
DXC Technology Co. [DXC]US9864.316,3150.7
Lear Corp. [LEA]US46135.716,2830.7
JetBlue Airways Corp. [JBLU]US37516.366,1380.7
Xerox Corp. [XRX]US19031.986,0730.7
Voya Financial Inc. [VOYA]US12049.966,0050.7
National Fuel Gas Co. [NFG]US9860.965,9730.7
Textron Inc. [TXT]US11550.665,8160.7
Everest Re Group Ltd. [RE]BM26215.965,7230.6
American Airlines Group Inc. [AAL]US17631.765,5800.6
Corning Inc. [GLW]US16333.105,3820.6
Xenia Hotels & Resorts Inc. [XHR]US24521.915,3610.6
Hospitality Properties Trust [HPT]US19826.315,1990.6
Aflac Inc. [AFL]US10450.005,1850.6
Gaming And Leisure Properties Inc. [GLPI]US13438.575,1720.6
Ingredion Inc. [INGR]US5494.695,1320.6
PulteGroup Inc. [PHM]US18327.965,1290.6
Edison International [EIX]US8261.925,1020.6
PBF Energy Inc. [PBF]US16431.145,0980.6
Goodyear Tire & Rubber Co. [GT]US27718.155,0310.6
Owens-Illinois Inc. [OI]US26118.984,9530.6
Domtar Corp. [UFS]US9949.654,8950.6
HollyFrontier Corp. [HFC]US9949.274,8780.5
Senior Housing Properties Trust [SNH]US41111.784,8430.5
Toll Brothers Inc. [TOL]US13436.204,8330.5
Annaly Capital Management Inc. [NLY]US4799.994,7860.5
Group 1 Automotive Inc. [GPI]US7464.704,7680.5
HP Inc. [HPQ]US24219.434,7080.5
Marathon Petroleum Corp. [MPC]US7959.854,7040.5
Unum Group [UNM]US13933.834,7020.5
Snap-on Inc. [SNA]US29156.524,5860.5
Cardinal Health Inc. [CAH]US9548.154,5550.5
Allison Transmission Holdings Inc. [ALSN]US10144.924,5190.5
Gap Inc. [GPS]US17026.184,4640.5
International Paper Co. [IP]US9646.274,4470.5
Wabash National Corp. [WNC]US32713.554,4360.5
Spirit Realty Capital Inc. [SRC]US11039.734,3730.5
Dick's Sporting Goods Inc. [DKS]US11736.814,2960.5
Tech Data Corp. [TECD]US42102.414,2810.5
Western Union Co. [WU]US22818.474,2130.5
Chemours Co. [CC]US11237.164,1660.5
Regal Beloit Corp. [RBC]US5181.874,1430.5
Amkor Technology Inc. [AMKR]US4758.544,0570.5
MGIC Investment Corp. [MTG]US30713.194,0450.5
Principal Financial Group Inc. [PFG]US7950.193,9650.4
PennyMac Mortgage Investment Trust [PMT]US19120.713,9620.4
Assured Guaranty Ltd. [AGO]BM8844.433,9280.4
Lazard Ltd. [LAZ]BM10836.143,9180.4
Site Centers Corp. [SITC]US28613.623,8980.4
Ryder System Inc. [R]US6361.993,8930.4
Outfront Media Inc. [OUT]US16623.403,8850.4
Radian Group Inc. [RDN]US18620.743,8560.4
Applied Materials Inc. [AMAT]US9639.663,8030.4
Western Digital Corp. [WDC]US7948.063,7920.4
Brixmor Property Group Inc. [BRX]US20518.373,7680.4
Ally Financial Inc. [ALLY]US13727.493,7580.4
Atlas Air Worldwide Holdings Inc. [AAWW]US7450.563,7520.4
WestRock Co. [WRK]US9638.353,6780.4
Dillard's Inc. [DDS]US5172.023,6590.4
Universal Health Services Inc. [UHS]US27133.773,6520.4
Franklin Street Properties Corp. [FSP]US5087.193,6510.4
Nelnet Inc. [NNI]US6655.073,6430.4
NCR Corp. [NCR]US13327.293,6400.4
Macy's Inc. [M]US15124.033,6190.4
Owens Corning [OC]US7747.123,6090.4
American Financial Group Inc. [AFG]US3896.213,6080.4
Oshkosh Corp. [OSK]US4875.133,5840.4
Cirrus Logic Inc. [CRUS]US8542.073,5720.4
General Mills Inc. [GIS]US6851.753,5240.4
Big Lots Inc. [BIG]US9238.023,4830.4
Old Republic International Corp. [ORI]US16420.923,4310.4
Penske Automotive Group Inc. [PAG]US7744.653,4250.4
Sabra Health Care REIT Inc. [SBRA]US17019.473,3160.4
Avnet Inc. [AVT]US7643.373,3130.4
Meritor Inc. [MTOR]US16220.353,2950.4
Brunswick Corp. [BC]US6550.333,2870.4
Harley-Davidson Inc. [HOG]US9235.663,2660.4
Hersha Hospitality Trust [HT]US18917.143,2340.4
Trinseo SA [TSE]LU7045.303,1890.4
Summit Hotel Properties Inc. [INN]US27711.413,1640.4
NetApp Inc. [NTAP]US4669.343,1620.4
Alaska Air Group Inc. [ALK]US5556.123,0750.3
Gannett Co. Inc. [GCI]US29110.543,0650.3
Viacom Inc. [VIAB]US10928.073,0540.3
Carrizo Oil & Gas Inc. [CRZO]US24012.472,9940.3
AGCO Corp. [AGCO]US4269.552,9560.3
BorgWarner Inc. [BWA]US7638.412,9380.3
Mack-Cali Realty Corp. [CLI]US13222.202,9300.3
Meritage Homes Corp. [MTH]US6544.712,9150.3
Legg Mason Inc. [LM]US10627.372,9070.3
Cabot Corp. [CBT]US6941.632,8720.3
Gulfport Energy Corp. [GPOR]US3568.022,8520.3
Vishay Intertechnology Inc. [VSH]US15418.472,8480.3
Timken Co. [TKR]US6543.622,8220.3
Capri Holdings Ltd. [CPRI]VI6145.752,7860.3
Raymond James Financial Inc. [RJF]US3480.412,7260.3
Invesco Mortgage Capital Inc. [IVR]US17115.802,7020.3
Mylan NV [MYL]NL9328.342,6500.3
Navient Corp. [NAVI]US22511.572,6060.3
Office Depot Inc. [ODP]US6783.632,4600.3
SRC Energy Inc. [SRCI]US4745.122,4270.3
Universal Insurance Holdings Inc. [UVE]US7531.002,3310.3
Axis Capital Holdings Ltd. [AXS]BM4254.782,3060.3
TTM Technologies Inc. [TTMI]US19611.732,3020.3
Aircastle Ltd. [AYR]BM11420.242,2990.3
Methode Electronics Inc. [MEI]US7928.782,2790.3
MFA Financial Inc. [MFA]US2987.272,1690.2
Prospect Capital Corp. [PSEC]US3296.522,1480.2
Two Harbors Investment Corp. [TWO]US15813.532,1380.2
Pitney Bowes Inc. [PBI]US3056.872,0950.2
Triton International Ltd. [TRTN]BM6631.102,0410.2
TEGNA Inc. [TGNA]US14414.102,0320.2
Briggs & Stratton Corp. [BGG]US17011.832,0130.2
Ethan Allen Interiors Inc. [ETH]US10119.131,9410.2
Ingles Markets Inc. [IMKTA]US6227.621,7180.2
American Axle & Manufacturing Holdings Inc. [AXL]US11814.311,6910.2
Banco Latinoamericano de Comercio Exterior SA [BLX]PA8019.921,5930.2
Bed Bath & Beyond Inc. [BBBY]US9316.991,5770.2
McDermott International Inc. [MDR]PA2107.441,5610.2
Cooper-Standard Holdings Inc. [CPS]US3346.961,5450.2
Tenneco Inc. [TEN]US6822.161,5180.2
Office Properties Income Trust [OPI]US5327.641,4580.2
National Health Investors Inc. [NHI]US1878.551,4220.2
Synnex Corp. [SNX]US1495.391,3340.2
Laredo Petroleum Inc. [LPI]US3583.091,1050.1
Silgan Holdings Inc. [SLGN]US3629.631,0790.1
Retail Value Inc. [RVI]US2931.179160.1
GameStop Corp. [GME]US8910.169050.1
Lannett Co. Inc. [LCI]US1107.878670.1
Wyndham Destinations Inc. [WYND]US1540.496170.1
Granite Point Mortgage Trust Inc. [GPMT]US3018.575560.1
CBL & Associates Properties Inc. [CBL]US2861.554440.0
EnCana Corp. [ECA]CA497.243520.0
Owens & Minor Inc. [OMI]US734.102990.0
RR Donnelley & Sons Co. [RRD]US554.722610.0
Lsc Communications Inc. [LKSD]US216.531350.0
Maiden Holdings Ltd. [MHLD]BM1520.741130.0
A. Schulman Inc.US100.4340.0
Total880,34298.2
Cash and Other Assets Less Liabilities1.8
Total Net Assets100%

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

As of Quarter Ended 03/31/2019
Economic SectorHarbor Mid Cap Value Fund %Russell Midcap® Value Index %
Financials22.117.1
Industrials13.312.1
Consumer Discretionary12.88.7
Information Technology11.68.9
Real Estate11.614.5
Materials7.26.0
Utilities6.611.4
Consumer Staples5.25.0
Energy4.06.1
Health Care3.07.1
Communication Services1.73.1

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

As of Quarter Ended 03/31/2019
Sector ReturnsHarbor Mid Cap Value Fund %Russell Midcap® Value Index %
Information Technology19.721.1
Real Estate15.916.0
Materials13.111.4
Financials12.511.7
Communication Services12.16.6
Consumer Staples11.99.9
Industrials11.516.1
Utilities11.411.6
Consumer Discretionary10.113.5
Health Care9.916.3
Energy7.421.3
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 Midcap® Value Index is an unmanaged index generally representative of the U.S. market for medium capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell Midcap® Value Index and Russell® are trademarks of Frank Russell Company.