Harbor Global Leaders Fund Institutional Class (HGGAX)

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

Harbor Global Leaders FundMSCI All Country World (ND) Index
Number of Holdings372,771
Weighted Avg. Market Cap ($Mil)119,488.22151,904.80
Median Market Cap ($Mil)59,619.559,976.40
Price/Book Ratio6.473.14
Adj. Trailing P/E Ratio32.1618.12
Forecasted P/E Ratio25.8716.72
Earnings Growth Rate (%)19.4813.46
Proj. Earnings Growth Rate (%)13.9810.70
Return on Equity (%)22.0315.63
Turnover (unannualized % since 10/31)21-
Beta vs. Fund Benchmark1.03-

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
VISA Inc. [V]5.0
Safran SA [SAF]4.4
TransDigm Group Inc. [TDG]4.3
Alimentation Couche-Tard Inc. [ATD.B]4.3
HDFC Bank Ltd. ADR [HDB]4.0
Recruit Holdings Co. Ltd. [6098]3.9
Adobe Systems Inc. [ADBE]3.8
Keyence Corp. [6861]3.7
Zoetis Inc. [ZTS]3.7
Salesforce.com Inc. [CRM]3.6
% of Total Holdings:40.7

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
VISA Inc. [V]US26156.194,1145.0
Safran SA [SAF]FR27137.063,6754.4
TransDigm Group Inc. [TDG]US8453.993,5844.3
Alimentation Couche-Tard Inc. [ATD.B]CA6058.913,5454.3
HDFC Bank Ltd. ADR [HDB]IN28115.913,2744.0
Recruit Holdings Co. Ltd. [6098]JP11328.673,2383.9
Adobe Systems Inc. [ADBE]US12266.493,1313.8
Keyence Corp. [6861]JP5625.203,0823.7
Zoetis Inc. [ZTS]US30100.673,0553.7
Salesforce.com Inc. [CRM]US19158.372,9773.6
Intuit Inc. [INTU]US11261.412,8103.4
Alibaba Group Holding Ltd. ADR [BABA]CN15182.452,7823.4
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW5740.962,3272.8
Alphabet Inc. Class A [GOOGL]US21176.892,3242.8
Dollar General Corp. [DG]US19119.302,2132.7
Verisk Analytics Inc. [VRSK]US16133.002,1332.6
Aptiv plc [APTV]US2779.492,1122.5
Intercontinental Exchange Inc. [ICE]US2776.142,0672.5
Nike Inc. [NKE]US2484.212,0482.5
Temenos Group AG [TEMN]CH14147.542,0252.4
Texas Instruments Inc. [TXN]US18106.071,9572.4
Starbucks Corp. [SBUX]US2674.341,9142.3
AIA Group Ltd. [1299]CN19010.001,9002.3
Equinix Inc. [EQIX]US4453.161,7452.1
Industria de Diseno Textil SA [ITX]ES5729.401,6852.0
Ross Stores Inc. [ROST]US1793.101,5451.9
Dassault Systemes SE [DSY]FR10149.051,4601.8
UnitedHealth Group Inc. [UNH]US6247.261,4281.7
Booking Holdings Inc. [BKNG]US11744.911,3701.7
EssilorLuxottica SA [EL]FR12109.241,3251.6
Union Pacific Corp. [UNP]US8167.201,2731.5
Live Nation Entertainment Inc. [LYV]US1963.541,2231.5
Pan Pacific International Holdings Corp. [7532]JP1866.251,2221.5
CSL Ltd. [CSL]AU8138.751,1551.4
Boston Scientific Corp. [BSX]US3038.381,1511.4
Rightmove plc [RMV]GB1706.651,1301.4
Moody's Corp. [MCO]US6181.091,1091.3
Total81,10898.1
Cash and Other Assets Less Liabilities1.9
Total Net Assets100%

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

As of Quarter Ended 03/31/2019
Economic SectorHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology28.815.7
Consumer Discretionary22.010.8
Industrials16.810.4
Financials10.116.6
Health Care8.211.7
Communication Services5.68.7
Consumer Staples4.38.4
Real Estate2.13.3
Utilities0.03.3
Energy0.06.3
Materials0.04.9

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

As of Quarter Ended 03/31/2019
Sector ReturnsHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Real Estate29.116.0
Industrials21.513.8
Information Technology19.818.8
Communication Services18.511.1
Consumer Staples16.011.4
Consumer Discretionary13.413.2
Financials12.38.2
Health Care9.68.0
Cash0.60.0
Energy0.014.1
Materials0.011.1
Utilities0.09.5

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

As of Quarter Ended 03/31/2019
CountryHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
United States57.055.0
Japan9.17.2
France7.83.4
China5.63.9
Canada4.33.0
India4.01.1
Taiwan2.81.3
Switzerland2.42.7
Spain2.00.9
Australia1.42.1
Other3.619.4

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 MSCI AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.