Harbor Real Return Fund Institutional Class (HARRX)

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

Harbor Real Return FundBloomberg Barclays U.S. TIPS Index
Number of Issues14340
Average Market Coupon (%)1.620.81
Yield to Maturity (%)2.722.55
Weighted Avg. Maturity (yrs)6.968.08
Weighted Avg. Duration (yrs)7.047.52
Beta vs. Fund Benchmark1-

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

Top Ten Holdings (As of Quarter Ended 03/31/2019)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.426,41131.8
U.S. Treasury Inflation Indexed Bonds07/15/20250.410,24212.3
U.S. Treasury Inflation Indexed Bonds01/15/20260.68,66210.4
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,4999.0
Federal National Mortgage Association TBA05/13/20494.05,6536.8
Federal National Mortgage Association TBA06/13/20493.54,5765.5
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,6274.4
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,4594.2
U.S. Treasury Inflation Indexed Bonds01/15/20292.52,6763.2
U.S. Treasury Inflation Indexed Bonds07/15/20210.61,6772.0
% of Total Holdings:74,48289.6

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.426,41131.8
U.S. Treasury Inflation Indexed Bonds07/15/20250.410,24212.3
U.S. Treasury Inflation Indexed Bonds01/15/20260.68,66210.4
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,4999.0
Federal National Mortgage Association TBA05/13/20494.05,6536.8
Federal National Mortgage Association TBA06/13/20493.54,5765.5
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,6274.4
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,4594.2
U.S. Treasury Inflation Indexed Bonds01/15/20292.52,6763.2
U.S. Treasury Inflation Indexed Bonds07/15/20210.61,6772.0
U.S. Treasury Inflation Indexed Bonds02/15/20470.91,6702.0
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,4351.7
New Zealand Government Bond09/20/20252.01,2771.5
U.S. Treasury Inflation Indexed Bonds01/15/20262.01,2641.5
U.S. Treasury Inflation Indexed Bonds04/15/20220.11,2381.5
U.S. Treasury Inflation Indexed Bonds01/15/20230.11,2021.4
France Government Bond OAT07/25/20202.21,1951.4
U.S. Treasury Inflation Indexed Bonds07/15/20240.11,1711.4
U.S. Treasury Inflation Indexed Bonds02/15/20481.01,1501.4
U.S. Treasury Inflation Indexed Bonds01/15/20280.51,0171.2
French Republic Government Bond Oat07/25/20232.18721.1
Lavender Trust10/26/20366.28631.0
U.K. Gilt Inflation Linked08/10/20280.18481.0
U.S. Treasury Inflation Indexed Bonds01/15/20270.48161.0
Navient Corp. MTN05/03/20194.27550.9
U.S. Treasury Inflation Indexed Bonds02/15/20412.17370.9
U.S. Treasury Inflation Indexed Bonds04/15/20293.96500.8
U.S. Treasury Inflation Indexed Bonds01/15/20290.96180.7
U.S. Treasury Inflation Indexed Bonds02/15/20450.85770.7
Unicredit SpA MTN12/04/20237.85570.7
U.S. Treasury Inflation Indexed Bonds04/15/20323.45340.6
Aircastle Ltd.03/15/20215.15160.6
American Tower Corp.09/01/20205.05150.6
U.S. Treasury Inflation Indexed Bonds04/15/20230.65100.6
Goldman Sachs Group Inc.09/15/20203.85050.6
Deutsche Bank AG/New York10/14/20214.25030.6
U.K. Gilt Inflation Linked03/22/20260.14610.6
U.S. Treasury Inflation Indexed Bonds04/15/20210.14340.5
Ford Motor Credit Co. LLC MTN05/14/20210.14340.5
Government National Mortgage Association02/20/20492.93990.5
Venture Xvi CLO Ltd.01/15/20283.63970.5
Towd Point Mortgage Funding10/20/20511.93910.5
Japanese Government CPI Linked Bond03/10/20280.13780.5
Australia Government Bond09/20/20253.03690.4
Long Beach Mortgage Loan Trust08/25/20353.23400.4
Australia Government Bond02/21/20221.23340.4
Petrobras Global Finance BV01/27/20255.33310.4
Sprint Corp.09/15/20217.23160.4
Aercap Ireland Capital Ltd.10/30/20204.63070.4
U.S. Treasury Notes02/15/20242.83070.4
UBS AG06/08/20203.23010.4
Canadian Government Real Return Bond12/01/20264.23010.4
Crown Point CLO Ltd.07/17/20283.72980.4
U.S. Treasury Inflation Indexed Bonds02/15/20402.12910.4
U.S. Treasury Inflation Indexed Bonds07/15/20280.82870.3
Nationwide Building Society MTN06/20/20196.92620.3
Octagon Investment Partners XXIII Ltd.07/15/20273.62580.3
Citigroup Mortgage Loan Trust Inc.08/25/20353.32510.3
Jmp Credit Advisors CLO Iiir Ltd.01/17/20283.62500.3
Venture Xii CLO Ltd.02/28/20263.42490.3
Ticp CLO III-2 Ltd.04/20/20283.62480.3
Long Beach Mortgage Loan Trust01/25/20362.82480.3
Fce Bank plc MTN06/24/20211.92270.3
Petrobras Global Finance BV01/17/20277.42210.3
Countrywide Asset-Backed Certificates11/25/20372.72200.3
Italy Buoni Poliennali del Tesoro09/15/20242.41990.2
Government National Mortgage Association08/20/20683.01990.2
Toronto Dominion Bank03/15/20212.21990.2
Mountain View CLO X Ltd.10/13/20273.61990.2
Evans Grove CLO Ltd.05/28/20283.51980.2
Emera US Finance LP06/15/20212.71980.2
U.S. Treasury Inflation Indexed Bonds07/15/20230.41970.2
Soundview Home Loan Trust05/25/20362.81940.2
Argentine Republic Government International Bond01/26/20276.91700.2
U.S. Treasury Inflation Indexed Bonds01/15/20281.81650.2
Nextera Energy Capital Holdings Inc.09/03/20192.91600.2
France Government Bond Oat07/25/20271.91550.2
Navient Student Loan Trust03/25/20663.61470.2
Federal Home Loan Mortgage Corp. REMIC12/15/20373.11430.2
U.K. Gilt Inflation Linked03/22/20460.11370.2
Citigroup Mortgage Loan Trust Inc.03/25/20374.71290.2
U.S. Treasury Inflation Indexed Bonds02/15/20430.61240.1
Mexican Bonos05/29/20317.81190.1
U.K. Gilt Inflation Linked11/22/20650.11190.1
Credit-Based Asset Servicing & Securitization LLC07/25/20372.71150.1
U.K. Gilt Inflation Linked11/22/20470.81050.1
AT&T Inc.02/15/20505.21030.1
MASTR Asset Backed Securities Trust06/25/20362.71010.1
AT&T Inc.06/01/20213.41000.1
ING Bank NV MTN12/05/20222.61000.1
Dominion Energy Gas Holdings LLC06/15/20213.21000.1
Enbridge Inc.01/10/20203.21000.1
B.A.T Capital Corp.08/14/20203.31000.1
Figueroa CLO Ltd.06/20/20273.5990.1
Sempra Energy03/15/20213.1990.1
eBay Inc.01/30/20232.8990.1
Argentina Pom Politica Monetaria06/21/202065.5970.1
Countrywide Asset-Backed Certificates03/25/20372.7950.1
Morgan Stanley Mortgage Loan Trust06/25/20364.5820.1
GSAMP Trust10/25/20344.1770.1
U.K. Gilt Inflation Linked08/10/20480.1710.1
Peruvian Government International Bond02/12/20295.9630.1
Volt Lxii LLC09/25/20473.1630.1
U.S. Treasury Inflation Indexed Bonds07/15/20260.1620.1
Argentine Republic Government International Bond01/11/20285.9620.1
Bank of America Corp.03/15/20285.9610.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20362.6590.1
Saxon Asset Securities Trust06/25/20334.0570.1
Alliance Bancorp Trust07/25/20372.7560.1
U.S. Treasury Inflation Indexed Bonds02/15/20461.0540.1
Federal National Mortgage Association REMIC07/25/20372.9510.1
Saxon Asset Securities Trust09/25/20472.8510.1
Morgan Stanley Mortgage Loan Trust11/25/20365.9470.1
Countrywide Asset-Backed Certificates07/25/20372.6440.1
Interest Rate Swap Option03/26/20200.0440.1
Interest Rate Swap Option02/21/20200.0420.1
Interest Rate Swap Option02/20/20200.0420.1
Bear Stearns Adjustable Rate Mortgage Trust02/25/20364.2350.0
Federal National Mortgage Association REMIC07/25/20372.8310.0
Soundview Home Loan Trust06/25/20372.7290.0
Home Equity Mortgage Loan Asset-Backed Trust04/25/20372.7250.0
Residential Asset Securitization Trust01/25/20462.9230.0
Federal National Mortgage Association REMIC05/25/20362.9230.0
Fremont Home Loan Trust10/25/20362.6220.0
Bear Stearns Adjustable Rate Mortgage Trust07/25/20364.2170.0
Interest Rate Swap Option03/27/20200.0150.0
Long Beach Mortgage Loan Trust08/25/20362.6150.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20354.3130.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20334.4130.0
U.K. Gilt Inflation Linked11/22/20560.1110.0
Argentina Bonar Bonds04/03/202251.590.0
Argentina Treasury Bill04/30/20190.080.0
First Horizon Alternative Mortgage Securities Trust02/25/20376.070.0
US 5yr Futr Optn Jun19c 124.2 Exp 05/24/201905/24/20190.000.0
Euro-OAT Futures Option05/24/2019175.000.0
US 10yr Fut Optn Jun19c 136 Exp 05/24/201905/24/20190.000.0
US Bond Futr Optn Jun19c 192 Exp 05/24/201905/24/20190.000.0
US 10yr Fut Optn Jun19p 113.5 Exp 05/24/201905/24/20190.000.0
US 2yr Futr Optn Jun19p 105 Exp 05/24/201905/24/20190.000.0
US Ultra Bond OPT Jun19p 114 Exp 05/24/201905/24/20190.000.0
US 10yr Fut Optn Jun19c 140 Exp 05/24/201905/24/20190.000.0
US 10yr Fut Optn Jun19p 112 Exp 05/24/201905/24/20190.000.0
Credit Default Option04/17/20190.000.0
Total112,535135.1
Cash and Other Assets Less Liabilities-35.1
Total Net Assets100%

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

As of Quarter Ended 03/31/2019
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations97.3
Mortgage Pass-through13.3
Foreign Government Obligations8.9
Corporate Bonds & Notes8.6
Asset-backed Securities5.0
Collateralized Mortgage Obligations2.3
Purchased Options0.2

Maturity Profile (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
MaturityHarbor Real Return Fund %
0-1 yr12.4
1-3 yr2.4
3-5 yr17.2
5-7 yr47.3
7-10 yr9.3
10-20 yr1.6
20-30 yr10.4
Over 30 yr-0.6

Duration (As of Quarter Ended 03/31/2019)

As of Quarter Ended 03/31/2019
DurationHarbor Real Return Fund %
0-1 yr-0.4
1-3 yr5.9
3-5 yr-3.0
5-7 yr57.9
7-10 yr4.5
10-20 yr1.8
20-30 yr32.3
Over 30 yr1.0

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 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.