Harbor Global Leaders Fund Institutional Class (HGGAX)

Portfolio Characteristics (As of Quarter Ended 09/30/2019)

Harbor Global Leaders FundMSCI All Country World (ND) Index
Number of Holdings362,852
Weighted Avg. Market Cap ($Mil)109,919.41163,184.03
Median Market Cap ($Mil)52,238.899,632.61
Price/Book Ratio6.053.24
Adj. Trailing P/E Ratio30.1918.86
Forecasted P/E Ratio24.5317.43
Earnings Growth Rate (%)17.0712.85
Proj. Earnings Growth Rate (%)13.0510.42
Return on Equity (%)22.0315.52
Turnover (unannualized % since 10/31)44-
Beta vs. Fund Benchmark0.97-

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

Top Ten Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]% of Net Assets
Safran SA [SAF]4.7
VISA Inc. [V]4.5
Alimentation Couche-Tard Inc. [ATD.B]4.1
TransDigm Group Inc. [TDG]4.0
Texas Instruments Inc. [TXN]4.0
AIA Group Ltd. [1299]3.8
Adobe Inc. [ADBE]3.6
HDFC Bank Ltd. ADR [HDB]3.6
Zoetis Inc. [ZTS]3.6
Keyence Corp. [6861]3.4
% of Total Holdings:39.3

Full Holdings (As of Quarter Ended 09/30/2019)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Safran SA [SAF]FR29157.454,5724.7
VISA Inc. [V]US26172.014,4284.5
Alimentation Couche-Tard Inc. [ATD.B]CA13130.644,0004.1
TransDigm Group Inc. [TDG]US7520.673,8784.0
Texas Instruments Inc. [TXN]US30129.243,8654.0
AIA Group Ltd. [1299]HK3989.433,7563.8
Adobe Inc. [ADBE]US13276.253,5143.6
HDFC Bank Ltd. ADR [HDB]IN6157.053,4943.6
Zoetis Inc. [ZTS]US28124.593,4943.6
Keyence Corp. [6861]JP5622.463,3183.4
Roper Technologies Inc. [ROP]US9356.603,3003.4
Dollar General Corp. [DG]US20158.943,2043.3
Intuit Inc. [INTU]US12265.943,0883.2
Recruit Holdings Co. Ltd. [6098]JP10030.553,0603.1
CSL Ltd. [CSL]AU18158.112,8873.0
Intercontinental Exchange Inc. [ICE]US2992.272,7172.8
Boston Scientific Corp. [BSX]US6340.692,5452.6
Aptiv plc [APTV]US2987.422,5202.6
Temenos AG [TEMN]CH15167.452,4852.5
Microsoft Corp. [MSFT]US18139.032,4692.5
Equinix Inc. [EQIX]US4576.802,4182.5
Iqvia Holdings Inc. [IQV]US16149.382,3382.4
Verisk Analytics Inc. [VRSK]US14158.142,2602.3
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW4646.482,1192.2
Live Nation Entertainment Inc. [LYV]US3166.342,0882.1
Ross Stores Inc. [ROST]US18109.851,9792.0
Bank Central Asia TBK PT [BBCA]ID9052.141,9342.0
Industria de Diseno Textil SA [ITX]ES6230.951,9242.0
Lonza Group AG [LO3]CH6338.411,9212.0
EssilorLuxottica SA [EL]FR13144.181,8911.9
UnitedHealth Group Inc. [UNH]US8217.321,8181.9
Dassault Systemes SE [DSY]FR11142.461,5181.6
Moody's Corp. [MCO]US7204.831,3641.4
Union Pacific Corp. [UNP]US8161.981,3451.4
Pan Pacific International Holdings Corp. [7532]JP8016.741,3431.4
Rightmove plc [RMV]GB1846.771,2471.3
Total96,10198.7
Cash and Other Assets Less Liabilities1.3
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Economic SectorHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology27.416.3
Industrials18.810.5
Health Care15.311.3
Financials13.616.7
Consumer Discretionary13.110.8
Consumer Staples4.18.6
Communication Services3.48.8
Real Estate2.53.3
Materials0.04.7
Utilities0.03.5
Energy0.05.5

Sector Returns (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
Sector ReturnsHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Real Estate14.72.8
Consumer Discretionary9.4-0.2
Industrials2.6-0.9
Information Technology0.82.6
Cash0.50.0
Health Care0.4-1.4
Energy0.0-5.5
Materials0.0-4.6
Utilities0.05.5
Communication Services-0.60.3
Consumer Staples-2.53.6
Financials-6.0-1.2

Country Allocation (As of Quarter Ended 09/30/2019)

As of Quarter Ended 09/30/2019
CountryHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
United States55.855.8
France8.23.4
Japan7.97.3
Switzerland4.52.8
Canada4.13.1
Hong Kong3.81.0
India3.61.0
Australia3.02.1
Taiwan2.21.3
Indonesia2.00.2
Other4.922.0

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 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.