Harbor Real Return Fund Institutional Class (HARRX)

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

Harbor Real Return FundBloomberg Barclays U.S. TIPS Index
Number of Issues13339
Average Market Coupon (%)1.490.81
Yield to Maturity (%)3.622.53
Weighted Avg. Maturity (yrs)6.617.91
Weighted Avg. Duration (yrs)6.767.32

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

Top Ten Holdings (As of Quarter Ended 12/31/2018)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.426,69832.1
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,39814.9
U.S. Treasury Inflation Indexed Bonds07/15/20250.49,55711.5
Federal National Mortgage Association TBA02/13/20494.07,5409.1
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,1878.6
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,7488.1
Federal National Mortgage Association TBA02/13/20493.56,5177.8
U.S. Treasury Inflation Indexed Bonds01/15/20292.53,9914.8
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,5174.2
U.S. Treasury Inflation Indexed Bonds07/15/20210.63,2053.8
% of Total Holdings:87,358104.9

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.426,69832.1
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,39814.9
U.S. Treasury Inflation Indexed Bonds07/15/20250.49,55711.5
Federal National Mortgage Association TBA02/13/20494.07,5409.1
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,1878.6
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,7488.1
Federal National Mortgage Association TBA02/13/20493.56,5177.8
U.S. Treasury Inflation Indexed Bonds01/15/20292.53,9914.8
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,5174.2
U.S. Treasury Inflation Indexed Bonds07/15/20210.63,2053.8
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,0563.7
U.S. Treasury Inflation Indexed Bonds01/15/20240.62,3072.8
Japan Treasury Discount Bill02/04/20190.01,6432.0
U.S. Treasury Inflation Indexed Bonds02/15/20481.01,5981.9
U.S. Treasury Inflation Indexed Bonds02/15/20470.91,5571.9
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,3441.6
U.S. Treasury Inflation Indexed Bonds07/15/20240.11,2751.5
U.S. Treasury Inflation Indexed Bonds01/15/20262.01,2281.5
New Zealand Government Bond09/20/20252.01,2201.5
U.S. Treasury Inflation Indexed Bonds01/15/20230.11,1791.4
U.S. Treasury Inflation Indexed Bonds04/15/20220.11,0241.2
Lavender Trust10/26/20366.28821.1
U.S. Treasury Inflation Indexed Bonds01/15/20280.58501.0
U.S. Treasury Inflation Indexed Bonds04/15/20230.67610.9
Navient Corp. MTN05/03/20194.87460.9
U.S. Treasury Inflation Indexed Bonds02/15/20412.16970.8
U.S. Treasury Inflation Indexed Bonds04/15/20293.96290.8
U.S. Treasury Inflation Indexed Bonds04/15/20200.15490.7
U.S. Treasury Inflation Indexed Bonds02/15/20450.85390.6
Unicredit SpA MTN12/04/20237.85240.6
American Tower Corp.09/01/20205.05120.6
U.S. Treasury Inflation Indexed Bonds04/15/20323.45110.6
Aircastle Ltd.03/15/20215.15080.6
Goldman Sachs Group Inc.09/15/20204.05020.6
Deutsche Bank AG/New York10/14/20214.24890.6
U.S. Treasury Inflation Indexed Bonds07/15/20201.24630.6
Ford Motor Credit Co. LLC MTN05/14/20210.14390.5
U.S. Treasury Inflation Indexed Bonds04/15/20210.14280.5
Venture Xvi CLO Ltd.01/15/20283.33960.5
Long Beach Mortgage Loan Trust08/25/20353.23620.4
Australia Government Bond09/20/20253.03580.4
U.S. Treasury Inflation Indexed Bonds01/15/20270.43380.4
Australia Government Bond02/21/20221.23270.4
U.S. Treasury Inflation Indexed Bonds04/15/20190.13190.4
Petrobras Global Finance BV01/27/20255.33110.4
Sprint Corp.09/15/20217.23080.4
U.S. Treasury Notes02/15/20242.83030.4
Aercap Ireland Capital Ltd.10/30/20204.63020.4
UBS AG06/08/20203.33000.4
Crown Point CLO Ltd.07/17/20283.42990.4
Canadian Government Real Return Bond12/01/20264.22870.3
U.K. Gilt Inflation Linked03/22/20260.12800.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.12760.3
Citigroup Mortgage Loan Trust Inc.08/25/20353.12600.3
Nationwide Building Society MTN06/20/20196.92570.3
Octagon Investment Partners XXIII Ltd.07/15/20273.32570.3
Jmp Credit Advisors CLO Iiir Ltd.01/17/20283.32490.3
Venture Xii CLO Ltd.02/28/20263.52470.3
Ticp CLO III-2 Ltd.04/20/20283.32470.3
Long Beach Mortgage Loan Trust01/25/20362.82390.3
Fce Bank plc MTN06/24/20211.92290.3
Countrywide Asset-Backed Certificates11/25/20372.72240.3
Petrobras Global Finance BV01/17/20277.42070.2
Italy Buoni Poliennali del Tesoro09/15/20242.42030.2
Boston Scientific Corp.05/15/20202.91990.2
Evans Grove CLO Ltd.05/28/20283.61990.2
Mountain View CLO X Ltd.10/13/20273.31980.2
U.S. Treasury Inflation Indexed Bonds07/15/20280.81970.2
Toronto Dominion Bank03/15/20212.21970.2
Emera US Finance LP06/15/20212.71950.2
U.S. Treasury Inflation Indexed Bonds07/15/20230.41930.2
Soundview Home Loan Trust05/25/20362.81930.2
U.K. Gilt12/07/20274.21610.2
Argentine Republic Government International Bond01/26/20276.91600.2
Nextera Energy Capital Holdings Inc.09/03/20193.11600.2
Federal Home Loan Mortgage Corp. REMIC12/15/20373.11590.2
U.S. Treasury Inflation Indexed Bonds01/15/20281.81590.2
France Government Bond Oat07/25/20271.91550.2
U.K. Gilt09/07/20371.81530.2
Navient Student Loan Trust03/25/20663.71510.2
Citigroup Mortgage Loan Trust 2007-Ar403/25/20373.91380.2
U.K. Gilt Inflation Linked03/22/20460.11250.2
U.S. Treasury Inflation Indexed Bonds02/15/20430.61160.1
Credit-Based Asset Servicing & Securitization LLC07/25/20372.71150.1
Mexican Bonos05/29/20317.81120.1
Argentina Pom Politica Monetaria06/21/202065.51080.1
MASTR Asset Backed Securities Trust06/25/20362.71020.1
U.K. Gilt Inflation Linked11/22/20650.11010.1
Ally Financial Inc.01/27/20193.51000.1
Dominion Energy Gas Holdings LLC06/15/20213.41000.1
Enbridge Inc.01/10/20202.81000.1
AT&T Inc.06/01/20213.5990.1
Figueroa CLO Ltd.06/20/20273.6990.1
B.A.T Capital Corp.08/14/20203.2990.1
ING Bank NV MTN12/05/20222.6990.1
Sempra Energy03/15/20213.2980.1
eBay Inc.01/30/20232.8960.1
U.K. Gilt Inflation Linked11/22/20470.8960.1
Countrywide Asset-Backed Certificates03/25/20372.8940.1
AT&T Inc.02/15/20505.2930.1
Morgan Stanley Mortgage Loan Trust06/25/20364.3830.1
GSAMP Trust10/25/20344.2820.1
Volt Lxii LLC09/25/20473.1720.1
U.K. Gilt Inflation Linked08/10/20480.1640.1
Peruvian Government International Bond02/12/20295.9610.1
U.S. Treasury Inflation Indexed Bonds07/15/20260.1590.1
Saxon Asset Securities Trust06/25/20334.0590.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20362.6590.1
Argentine Republic Government International Bond01/11/20285.9580.1
Alliance Bancorp Trust07/25/20372.7570.1
Bank of America Corp.03/15/20285.9550.1
Morgan Stanley Mortgage Loan Trust11/25/20365.9530.1
Federal National Mortgage Association REMIC07/25/20372.9530.1
Saxon Asset Securities Trust09/25/20472.8520.1
U.S. Treasury Inflation Indexed Bonds02/15/20461.0510.1
Countrywide Asset-Backed Certificates07/25/20372.6450.1
Bear Stearns Adjustable Rate Mortgage Trust02/25/20364.1390.0
Federal National Mortgage Association REMIC07/25/20372.9320.0
Soundview Home Loan Trust06/25/20372.7290.0
Home Equity Mortgage Loan Asset-Backed Trust04/25/20372.7250.0
Residential Asset Securitization Trust01/25/20462.9240.0
Federal National Mortgage Association REMIC05/25/20362.9230.0
Fremont Home Loan Trust10/25/20362.6220.0
Bear Stearns Adjustable Rate Mortgage Trust07/25/20364.2180.0
Argentina Treasury Bill02/28/20190.0170.0
Long Beach Mortgage Loan Trust08/25/20362.6160.0
Argentina Treasury Bill04/30/20190.0140.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20334.4130.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20354.3130.0
Argentina Bonar Bonds04/03/202251.5100.0
U.K. Gilt Inflation Linked11/22/20560.1100.0
First Horizon Alternative Mortgage Securities Trust02/25/20376.080.0
Argentina Treasury Bill01/31/20190.040.0
Total128,402153.8
Cash and Other Assets Less Liabilities-53.8
Total Net Assets100%

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

As of Quarter Ended 12/31/2018
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations114.5
Mortgage Pass-through17.2
Corporate Bonds & Notes8.8
Foreign Government Obligations6.9
Asset-backed Securities5.0
Collateralized Mortgage Obligations1.8

Maturity Profile (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
MaturityHarbor Real Return Fund %Bloomberg Barclays U.S. TIPS Index %
0-1 yr13.80.0
1-3 yr2.719.3
3-5 yr20.522.1
5-7 yr47.817.1
7-10 yr1.324.5
10-20 yr3.34.2
20-30 yr11.412.8
Over 30 yr-0.80.0

Duration (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
DurationHarbor Real Return Fund %Bloomberg Barclays U.S. TIPS Index %
0-1 yr0.80.0
1-3 yr1.819.3
3-5 yr9.725.9
5-7 yr55.518.5
7-10 yr-8.522.8
10-20 yr-1.92.8
20-30 yr41.710.8
Over 30 yr0.90.0

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.