Harbor Real Return Fund Institutional Class (HARRX)

Portfolio Characteristics (As of Quarter Ended 09/30/2017)

Harbor Real Return FundBloomberg Barclays U.S. TIPS Index
Number of Issues9838
Average Market Coupon (%)1.380.86
Yield to Maturity (%)2.712.38
Weighted Avg. Maturity (yrs)7.658.35
Weighted Avg. Duration (yrs)7.627.83

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

Top Ten Holdings (As of Quarter Ended 09/30/2017)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,84734.2
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,54312.3
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,8237.7
U.S. Treasury Inflation Indexed Bonds01/15/20260.65,8785.8
U.S. Treasury Inflation Indexed Bonds04/15/20210.15,2005.1
U.S. Treasury Notes02/15/20242.84,6734.6
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,4884.4
U.S. Treasury Inflation Indexed Bonds07/15/20210.64,1184.0
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,8083.7
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,6643.6
% of Total Holdings:87,04285.4

Full Holdings (As of Quarter Ended 09/30/2017)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,84734.2
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,54312.3
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,8237.7
U.S. Treasury Inflation Indexed Bonds01/15/20260.65,8785.8
U.S. Treasury Inflation Indexed Bonds04/15/20210.15,2005.1
U.S. Treasury Notes02/15/20242.84,6734.6
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,4884.4
U.S. Treasury Inflation Indexed Bonds07/15/20210.64,1184.0
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,8083.7
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,6643.6
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,6053.5
U.S. Treasury Inflation Indexed Bonds07/15/20250.43,3343.3
U.S. Treasury Inflation Indexed Bonds07/15/20240.13,3073.2
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,1213.1
Federal National Mortgage Association TBA12/13/20473.53,0813.0
U.S. Treasury Inflation Indexed Bonds07/15/20230.42,5262.5
Japan Treasury Discount Bill11/06/20170.01,9551.9
U.S. Treasury Inflation Indexed Bonds04/15/20200.11,8911.9
U.K. Gilt Inflation Linked03/22/20260.11,6611.6
U.S. Treasury Inflation Indexed Bonds01/15/20230.11,4811.5
New Zealand Government Bond09/20/20252.01,2401.2
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,1761.2
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,1721.2
U.S. Treasury Inflation Indexed Bonds04/15/20283.61,1101.1
U.S. Treasury Notes07/31/20242.11,0981.1
U.S. Treasury Inflation Indexed Bonds02/15/20470.91,0491.0
Lavender Trust10/26/20366.29560.9
U.S. Treasury Inflation Indexed Bonds04/15/20190.18910.9
U.S. Treasury Notes05/15/20473.08540.8
Japan Government CPI Linked Bond03/10/20270.18380.8
Navient Corp. MTN05/03/20194.07360.7
U.S. Treasury Inflation Indexed Bonds02/15/20412.17210.7
U.S. Treasury Notes08/31/20241.96870.7
U.S. Treasury Inflation Indexed Bonds02/15/20461.06810.7
Santander Holdings USA Inc.11/24/20172.86010.6
U.S. Treasury Notes08/15/20272.25960.6
U.S. Treasury Inflation Indexed Bonds02/15/20450.85550.5
U.S. Treasury Inflation Indexed Bonds01/15/20262.05550.5
Deutsche Bank AG10/14/20214.25240.5
Goldman Sachs Group Inc.09/15/20202.55100.5
Long Beach Mortgage Loan Trust08/25/20352.05010.5
U.S. Treasury Inflation Indexed Bonds07/15/20201.24680.5
Petrobras Global Finance BV01/27/20255.34250.4
U.K. Gilt Inflation Linked03/22/20460.14170.4
Citigroup Mortgage Loan Trust Inc.08/25/20352.03480.3
Argentine Republic Government International Bond01/26/20276.93250.3
Aercap Ireland Capital Ltd.10/30/20204.63190.3
Canadian Government RRB Bonds12/01/20264.23190.3
WhiteHorse VI Ltd02/03/20252.53130.3
Ally Financial Inc.05/21/20183.63030.3
UBS AG06/08/20201.93010.3
UBS AG MTN12/07/20181.63010.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.12990.3
Federal Home Loan Mortgage Corp. REMIC12/15/20371.82770.3
Italy Buoni Poliennali del Tesoro05/15/20220.12450.2
Long Beach Mortgage Loan Trust01/25/20361.52360.2
Petrobras Global Finance BV01/17/20277.42210.2
Australia Government Bond09/20/20253.02170.2
Boston Scientific Corp.05/15/20202.92030.2
U.S. Treasury Inflation Indexed Bonds04/15/20293.92030.2
Toronto Dominion Bank03/15/20212.22000.2
Federal National Mortgage Association REMIC02/25/20411.91840.2
Navient Student Loan Trust03/25/20662.41830.2
Soundview Home Loan Trust05/25/20361.51820.2
Mexican Bonos05/29/20317.81680.2
GSAMP Trust10/25/20342.91240.1
MASTR Asset Backed Securities Trust06/25/20361.51200.1
U.S. Treasury Inflation Indexed Bonds02/15/20430.61190.1
Argentina Pom Politica Monetaria06/21/202026.21170.1
Navient Corp. MTN01/15/20195.51040.1
Ally Financial Inc.09/10/20184.81020.1
Ally Financial Inc.01/27/20193.51020.1
ING Bank NV MTN12/05/20222.61010.1
AT&T Inc.02/14/20505.21010.1
AT&T Inc.01/15/20202.01010.1
American Honda Finance Corp. MTN11/05/20211.71000.1
BAT Capital Corp08/14/20201.91000.1
Volt Lxii LLC09/25/20470.01000.1
eBay Inc.01/30/20232.81000.1
Morgan Stanley Mortgage Loan Trust06/25/20363.1990.1
Petroleo Global Trading Term Loan02/19/20203.5980.1
Countrywide Asset-Backed Certificates03/25/20371.5910.1
Federal National Mortgage Association REMIC07/25/20371.6770.1
U.K. Gilt Inflation Linked11/22/20650.1760.1
Saxon Asset Securities Trust06/25/20334.0750.1
Alliance Bancorp Trust07/25/20371.5670.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20361.3610.1
U.K. Gilt Inflation Linked11/22/20560.1610.1
Morgan Stanley Mortgage Loan Trust11/25/20365.9570.1
Federal National Mortgage Association REMIC07/25/20371.6540.1
Bear Stearns Adjustable Rate Mortgage Trust02/25/20363.4520.1
Federal National Mortgage Association REMIC05/25/20361.7360.0
Bear Stearns Adjustable Rate Mortgage Trust07/25/20363.7270.0
Residential Asset Securitization Trust01/25/20461.6260.0
Fremont Home Loan Trust10/25/20361.4250.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20353.5240.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20333.4220.0
First Horizon Alternative Mortgage Securities Trust02/25/20376.0100.0
Total139,241136.7
Cash and Other Assets Less Liabilities-36.7
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2017)

As of Quarter Ended 09/30/2017
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations116.5
Foreign Government Obligations7.5
Corporate Bonds & Notes5.1
Mortgage Pass-through3.6
Asset-backed Securities2.0
Collateralized Mortgage Obligations1.6
Consumer Discretionary0.3
Bank Loan Obligations0.1

Maturity Profile (As of Quarter Ended 09/30/2017)

As of Quarter Ended 09/30/2017
MaturityHarbor Real Return Fund %
0-1 yr20.2
1-3 yr4.6
3-5 yr9.0
5-7 yr0.8
7-10 yr52.6
10-20 yr2.5
20-30 yr10.4
Over 30 yr-0.2

Duration (As of Quarter Ended 09/30/2017)

As of Quarter Ended 09/30/2017
DurationHarbor Real Return Fund %
0-1 yr0.1
1-3 yr1.6
3-5 yr-2.6
5-7 yr46.6
7-10 yr14.2
10-20 yr3.8
20-30 yr35.6
Over 30 yr0.8

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 Bloomberg Barclays U.S. TIPS Index is an unmanaged market index comprised of all U.S. Treasury Inflation Protected Securities rated investment grade (Baa3 or better), have at least one year to final maturity, and at least $250 million par amount outstanding.  This unmanaged index does not reflect fees and expenses and is not available for direct investment.