Harbor Small Cap Growth Opportunities Fund Institutional Class (HASOX)

Portfolio Characteristics (As of Quarter Ended 03/31/2018)

Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings991,188
Weighted Avg. Market Cap ($Mil)1,837.442,970.17
Median Market Cap ($Mil)1,383.771,038.56
Price/Book Ratio3.074.69
Adj. Trailing P/E Ratio19.8621.83
Forecasted P/E Ratio19.8920.17
Earnings Growth Rate (%)10.3315.58
Proj. Earnings Growth Rate (%)16.9314.85
Return on Equity (%)5.6811.47
Turnover (unannualized % since 10/31)28-
Beta vs. Fund Benchmark1.02-

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

Top Ten Holdings (As of Quarter Ended 03/31/2018)

Company Name [Ticker]% of Net Assets
Interxion Holding NV [INXN]3.2
Maxlinear Inc. [MXL]2.6
Cerus Corp. [CERS]2.2
Quotient Technology Inc. [QUOT]2.1
Evolent Health Inc. [EVH]2.0
WNS Holdings Ltd. ADR [WNS]1.9
Vocera Communications Inc. [VCRA]1.9
Exact Sciences Corp. [EXAS]1.9
Pacira Pharmaceuticals Inc. [PCRX]1.8
Korn/Ferry International [KFY]1.6
% of Total Holdings:21.2

Full Holdings (As of Quarter Ended 03/31/2018)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Interxion Holding NV [INXN]NL15362.119,4763.2
Maxlinear Inc. [MXL]US34422.757,8152.6
Cerus Corp. [CERS]US1,2235.486,7032.2
Quotient Technology Inc. [QUOT]US48513.106,3572.1
Evolent Health Inc. [EVH]US41914.255,9742.0
WNS Holdings Ltd. ADR [WNS]IN12945.335,8461.9
Vocera Communications Inc. [VCRA]US24323.425,6811.9
Exact Sciences Corp. [EXAS]US14040.335,6371.9
Pacira Pharmaceuticals Inc. [PCRX]US17031.155,2841.8
Korn/Ferry International [KFY]US9651.594,9491.6
Inphi Corp. [IPHI]US16230.104,8691.6
Synchronoss Technologies Inc. [SNCR]US44910.554,7321.6
National General Holdings Corp. [NGHC]US19024.314,6201.5
Electronics For Imaging Inc. [EFII]US16927.334,6051.5
Teladoc Inc. [TDOC]US10640.304,2671.4
Invacare Corp. [IVC]US23917.404,1611.4
Dycom Industries Inc. [DY]US38107.634,0801.4
Sarepta Therapeutics Inc. [SRPT]US5574.094,0731.4
Chegg Inc. [CHGG]US19120.663,9371.3
Churchill Downs Inc. [CHDN]US16244.053,8621.3
World Wrestling Entertainment Inc. [WWE]US10536.013,7681.3
Intercept Pharmaceuticals Inc. [ICPT]US6061.523,6961.2
Planet Fitness Inc. [PLNT]US9537.773,5841.2
Wageworks Inc. [WAGE]US7945.203,5731.2
Medicines Co. [MDCO]US10732.943,5151.2
NN Inc. [NNBR]US14224.003,4071.1
Atlas Air Worldwide Holdings Inc. [AAWW]US5460.453,2671.1
Century Communities Inc. [CCS]US10829.953,2351.1
Infinera Corp. [INFN]US29510.863,2061.1
Rexnord Corp. [RXN]US10729.683,1711.1
Cryolife Inc. [CRY]US15820.053,1671.1
Vasco Data Security International Inc. [VDSI]US24312.953,1431.0
Playa Hotels & Resorts NV [PLYA]NL29910.223,0541.0
Wright Medical Group NV [WMGI]NL14919.842,9601.0
Beacon Roofing Supply Inc. [BECN]US5553.072,9381.0
Saia Inc. [SAIA]US3975.152,9321.0
Ligand Pharmaceuticals Inc. [LGND]US18165.162,8981.0
Twilio Inc. [TWLO]US7638.182,8871.0
Iridium Communications Inc. [IRDM]US25611.252,8821.0
Camping World Holdings Inc. [CWH]US8832.252,8300.9
Nevro Corp. [NVRO]US3386.672,8250.9
Green Dot Corp. [GDOT]US4364.162,7460.9
REV Group Inc. [REVG]US12820.762,6630.9
Carbonite Inc. [CARB]US9228.802,6610.9
Foundation Building Materials Inc. [FBM]US17714.912,6460.9
Chemical Financial Corp. [CHFC]US4854.682,6280.9
Methode Electronics Inc. [MEI]US6639.102,5780.9
Gogo Inc. [GOGO]US2958.632,5480.8
Callon Petroleum Co. [CPE]US19113.242,5320.8
Red Robin Gourmet Burgers Inc. [RRGB]US4458.002,5320.8
Surgery Partners Inc. [SGRY]US14817.152,5320.8
Luminex Corp. [LMNX]US12021.072,5210.8
Kinsale Capital Group Inc. [KNSL]US4951.332,5170.8
Echo Global Logistics Inc. [ECHO]US9027.602,4810.8
Adtalem Global Education Inc. [ATGE]US5247.552,4750.8
SM Energy Co. [SM]US13518.032,4410.8
Maxar Technologies Ltd. [MAXR]CA5146.252,3760.8
Daseke Inc. [DSKE]US2399.792,3410.8
Primo Water Corp. [PRMW]US19811.712,3140.8
MTS Systems Corp. [MTSC]US4551.652,3120.8
TETRA Tech Inc. [TTEK]US4748.952,2920.8
NutriSystem Inc. [NTRI]US8526.952,2900.8
Meta Financial Group Inc. [CASH]US21109.202,2540.8
Circor International Inc. [CIR]US5342.662,2420.7
FB Financial Corp. [FBK]US5440.592,1850.7
LendingTree Inc. [TREE]US7328.152,1710.7
Chefs' Warehouse Inc. [CHEF]US9423.002,1660.7
Asgn Inc. [ASGN]US2681.882,1550.7
Teligent Inc. [TLGT]US6133.362,0600.7
Imperva Inc. [IMPV]US4743.302,0560.7
Atkore International Group Inc. [ATKR]US10419.852,0550.7
NCI Building Systems Inc. [NCS]US11017.701,9510.7
Nuvasive Inc. [NUVA]US3752.211,9460.6
Freshpet Inc. [FRPT]US11816.451,9370.6
Aquaventure Holdings Ltd. [WAAS]VI15512.421,9210.6
Marcus & Millichap Inc. [MMI]US5336.061,9140.6
Benefitfocus Inc. [BNFT]US7824.401,9120.6
National Vision Holdings Inc. [EYE]US5832.311,8880.6
Foundation Medicine Inc. [FMI]US2378.751,8480.6
Tristate Capital Holdings Inc. [TSC]US7923.251,8420.6
BioSpecifics Technologies Corp. [BSTC]US4144.341,8300.6
Barnes Group Inc. [B]US3059.891,8240.6
Party City Holdco Inc. [PRTY]US11615.601,8080.6
KEYW Holding Corp. [KEYW]US2247.861,7580.6
Kornit Digital Ltd. [KRNT]IL13612.901,7570.6
SRC Energy Inc. [SRCI]US1859.431,7470.6
Quantenna Communications Inc. [QTNA]US12713.701,7420.6
Habit Restaurants Inc. [HABT]US1968.801,7210.6
Actuant Corp. [ATU]US7323.251,6950.6
Shenandoah Telecommunications Co. [SHEN]US4736.001,6860.6
G-III Apparel Group Ltd. [GIII]US4537.681,6830.6
Hortonworks Inc. [HDP]US8120.371,6410.5
Dave & Buster's Entertainment Inc. [PLAY]US3941.741,6150.5
Advanced Disposal Services Inc. [ADSW]US6922.281,5430.5
Hudson Technologies Inc. [HDSN]US2934.941,4460.5
Meritor Inc. [MTOR]US6920.561,4210.5
Tile Shop Holdings Inc. [TTS]US2166.001,2980.4
Caesarstone Ltd. [CSTE]IL6519.651,2870.4
Power Solutions International Inc. [PSIX]US1377.401,0160.3
Total293,31397.6
Cash and Other Assets Less Liabilities2.4
Total Net Assets100%

Sector Allocation (As of Quarter Ended 03/31/2018)

As of Quarter Ended 03/31/2018
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Health Care24.525.2
Information Technology23.525.2
Industrials21.817.8
Consumer Discretionary13.913.1
Financials7.06.1
Energy2.21.2
Consumer Staples2.12.5
Telecommunication Services1.50.7
Utilities0.60.6
Real Estate0.63.2
Materials0.04.4

Sector Returns (As of Quarter Ended 03/31/2018)

As of Quarter Ended 03/31/2018
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Real Estate10.6-7.3
Information Technology9.09.9
Financials8.72.3
Health Care7.46.4
Cash0.40.0
Materials0.0-0.8
Telecommunication Services-0.8-2.3
Energy-2.1-15.9
Consumer Discretionary-2.2-3.2
Consumer Staples-3.5-4.1
Industrials-6.4-3.0
Utilities-20.0-10.6

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 Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Frank Russell Company.