Harbor Small Cap Growth Opportunities Fund Institutional Class (HASOX)

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

Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings901,164
Weighted Avg. Market Cap ($Mil)1,734.672,459.48
Median Market Cap ($Mil)1,263.74855.86
Price/Book Ratio2.324.06
Adj. Trailing P/E Ratio10.3020.59
Forecasted P/E Ratio19.1521.10
Earnings Growth Rate (%)27.9113.44
Proj. Earnings Growth Rate (%)20.0116.94
Return on Equity (%)1.5710.66
Turnover (unannualized % since 10/31)66-
Beta vs. Fund Benchmark1-

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
Interxion Holding NV [INXN]3.6
Quotient Technology Inc. [QUOT]3.3
Cerus Corp. [CERS]2.9
Ligand Pharmaceuticals Inc. [LGND]2.8
Synchronoss Technologies Inc. [SNCR]2.5
Invacare Corp. [IVC]2.0
Infinera Corp. [INFN]1.9
Playa Hotels & Resorts NV [PLYA]1.7
Onespan Inc. [OSPN]1.7
Gogo Inc. [GOGO]1.7
% of Total Holdings:24.1

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Interxion Holding NV [INXN]NL8381.466,7803.6
Quotient Technology Inc. [QUOT]US8037.826,2813.3
Cerus Corp. [CERS]US1,0865.165,6012.9
Ligand Pharmaceuticals Inc. [LGND]US5499.545,3982.8
Synchronoss Technologies Inc. [SNCR]US8765.404,7312.5
Invacare Corp. [IVC]US5027.503,7672.0
Infinera Corp. [INFN]US6515.453,5471.9
Playa Hotels & Resorts NV [PLYA]NL4137.833,2371.7
Onespan Inc. [OSPN]US21914.503,1751.7
Gogo Inc. [GOGO]US5226.033,1491.7
Tivity Health Inc. [TVTY]US18816.633,1271.6
Maxlinear Inc. [MXL]US13722.383,0601.6
Iridium Communications Inc. [IRDM]US13921.282,9591.6
Pacira BioSciences Inc. [PCRX]US7338.072,7691.5
Amarin Corp. plc ADR [AMRN]GB18115.162,7471.4
Evolent Health Inc. [EVH]US3667.192,6341.4
National General Holdings Corp. [NGHC]US11423.022,6221.4
Aquaventure Holdings Ltd. [WAAS]VI13419.432,6111.4
Portola Pharmaceuticals Inc. [PTLA]US9726.822,6081.4
Healthcare Services Group Inc. [HCSG]US10524.292,5561.3
Adtalem Global Education Inc. [ATGE]US6638.092,5051.3
Rexnord Corp. [RXN]US9227.052,4801.3
Churchill Downs Inc. [CHDN]US20123.462,4671.3
Essent Group Ltd. [ESNT]BM5047.672,3811.2
Luminex Corp. [LMNX]US11220.652,3051.2
Kinsale Capital Group Inc. [KNSL]US22103.312,2901.2
Surgery Partners Inc. [SGRY]US3097.392,2791.2
Karyopharm Therapeutics Inc. [KPTI]US2349.622,2521.2
Wright Medical Group NV [WMGI]NL10820.632,2311.2
Stamps.Com Inc. [STMP]US2974.452,1571.1
NN Inc. [NNBR]US3027.132,1521.1
PTC Therapeutics Inc. [PTCT]US6333.822,1471.1
Casa Systems Inc. [CASA]US2667.862,0861.1
Vocera Communications Inc. [VCRA]US8324.652,0381.1
Carbonite Inc. [CARB]US12915.492,0051.1
Meta Financial Group Inc. [CASH]US6032.611,9551.0
Cryolife Inc. [CRY]US7227.151,9551.0
Nextgen Healthcare Inc. [NXGN]US12515.671,9541.0
Maxar Technologies Inc. [MAXR]US2567.601,9481.0
Clovis Oncology Inc. [CLVS]US4883.931,9171.0
EnerSys [ENS]US2965.941,9051.0
World Wrestling Entertainment Inc. [WWE]US2771.151,9041.0
Medifast Inc. [MED]US18103.631,9011.0
Acadia Healthcare Co. Inc. [ACHC]US6131.081,8941.0
Halozyme Therapeutics Inc. [HALO]US12215.511,8871.0
Freshpet Inc. [FRPT]US3849.771,8831.0
Heron Therapeutics Inc. [HRTX]US10118.501,8721.0
Meritor Inc. [MTOR]US10118.501,8621.0
Primo Water Corp. [PRMW]US15012.281,8441.0
Noodles & Co. [NDLS]US3195.661,8030.9
Boot Barn Holdings Inc. [BOOT]US5034.901,7480.9
Intercept Pharmaceuticals Inc. [ICPT]US2666.361,7040.9
Teladoc Health Inc. [TDOC]US2567.721,6620.9
TCF Financial Corp. [TCF]US4438.071,6610.9
Actuant Corp. [ATU]US7421.941,6340.9
National Vision Holdings Inc. [EYE]US6824.071,6300.9
Mastec Inc. [MTZ]US2564.931,6220.9
FB Financial Corp. [FBK]US4237.551,5800.8
Methode Electronics Inc. [MEI]US4733.641,5670.8
Yeti Holdings Inc. [YETI]US5528.001,5300.8
Allscripts Healthcare Solutions Inc. [MDRX]US13710.981,5020.8
Matador Resources Co. [MTDR]US9016.531,4840.8
Evo Payments Inc. [EVOP]US5228.121,4710.8
WNS Holdings Ltd. ADR [WNS]IN2458.751,4370.8
PetIQ Inc. [PETQ]US5227.261,4090.7
Scorpio Tankers Inc. [STNG]MH4729.761,3980.7
Children's Place Inc. [PLCE]US1876.991,3890.7
REV Group Inc. [REVG]US12111.431,3870.7
Saia Inc. [SAIA]US1593.701,3760.7
Inphi Corp. [IPHI]US2261.051,3710.7
MTS Systems Corp. [MTSC]US2555.251,3700.7
Eldorado Resorts Inc. [ERI]US3339.871,3060.7
Verra Mobility Corp. [VRRM]US9014.351,2930.7
Amicus Therapeutics Inc. [FOLD]US1598.021,2730.7
Cardtronics plc [CATM]GB4130.241,2370.6
Advanced Disposal Services Inc. [ADSW]US3832.571,2270.6
Tristate Capital Holdings Inc. [TSC]US5721.041,2060.6
Echo Global Logistics Inc. [ECHO]US5022.651,1370.6
Party City Holdco Inc. [PRTY]US1915.711,0890.6
Callon Petroleum Co. [CPE]US2434.341,0550.6
Lumentum Holdings Inc. [LITE]US1953.561,0150.5
Circor International Inc. [CIR]US2737.551,0120.5
Green Dot Corp. [GDOT]US3925.259730.5
SRC Energy Inc. [SRCI]US2074.669630.5
Atlas Air Worldwide Holdings Inc. [AAWW]US3625.239010.5
Tpi Composites Inc. [TPIC]US4418.758200.4
Viewray Inc. [VRAY]US2662.907710.4
Guess? Inc. [GES]US3918.537300.4
Power Solutions International Inc. [PSIX]US977.307050.4
Daseke Inc. [DSKE]US2182.505460.3
Total186,80998.2
Cash and Other Assets Less Liabilities1.8
Total Net Assets100%

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

As of Quarter Ended 09/30/2019
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Health Care32.427.5
Information Technology19.018.1
Consumer Discretionary14.612.3
Industrials13.319.6
Financials7.76.0
Communication Services4.22.5
Consumer Staples3.03.5
Energy2.60.7
Utilities1.41.8
Materials0.03.2
Real Estate0.04.9

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

As of Quarter Ended 09/30/2019
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Communication Services12.4-10.7
Cash0.50.0
Materials0.0-6.3
Real Estate0.03.0
Information Technology-1.0-2.2
Consumer Staples-2.33.6
Financials-2.6-2.6
Utilities-2.79.2
Industrials-10.1-0.1
Consumer Discretionary-11.0-4.1
Health Care-12.0-9.8
Energy-15.4-20.4

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 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.