Harbor Small Cap Growth Opportunities Fund Institutional Class (HASOX)

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

Harbor Small Cap Growth Opportunities FundRussell 2000® Growth Index
Number of Holdings971,257
Weighted Avg. Market Cap ($Mil)1,639.152,201.15
Median Market Cap ($Mil)1,140.09787.57
Price/Book Ratio2.633.81
Adj. Trailing P/E Ratio12.2319.86
Forecasted P/E Ratio16.4618.43
Earnings Growth Rate (%)12.2513.10
Proj. Earnings Growth Rate (%)18.4517.49
Return on Equity (%)4.4710.62
Turnover (unannualized % since 10/31)86-
Beta vs. Fund Benchmark1.04-

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

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

Company Name [Ticker]% of Net Assets
Interxion Holding NV [INXN]2.9
Quotient Technology Inc. [QUOT]2.9
Evolent Health Inc. [EVH]2.8
Maxlinear Inc. [MXL]2.5
Cerus Corp. [CERS]2.4
Inphi Corp. [IPHI]1.9
Pacira Pharmaceuticals Inc. [PCRX]1.9
Iridium Communications Inc. [IRDM]1.7
Intercept Pharmaceuticals Inc. [ICPT]1.7
Electronics For Imaging Inc. [EFII]1.7
% of Total Holdings:22.4

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Interxion Holding NV [INXN]NL11354.166,1322.9
Quotient Technology Inc. [QUOT]US57410.686,1292.9
Evolent Health Inc. [EVH]US30219.956,0152.8
Maxlinear Inc. [MXL]US30717.605,4082.5
Cerus Corp. [CERS]US1,0005.075,0702.4
Inphi Corp. [IPHI]US12532.154,0291.9
Pacira Pharmaceuticals Inc. [PCRX]US9243.023,9611.9
Iridium Communications Inc. [IRDM]US20018.453,6951.7
Intercept Pharmaceuticals Inc. [ICPT]US36100.793,6051.7
Electronics For Imaging Inc. [EFII]US14224.803,5281.7
Synchronoss Technologies Inc. [SNCR]US5546.143,4031.6
Wright Medical Group NV [WMGI]NL11927.223,2411.5
National General Holdings Corp. [NGHC]US13224.213,2071.5
Healthcare Services Group Inc. [HCSG]US8040.183,2051.5
PTC Therapeutics Inc. [PTCT]US8734.322,9751.4
Surgery Partners Inc. [SGRY]US3049.792,9721.4
Mastec Inc. [MTZ]US6940.562,8171.3
Onespan Inc. [OSPN]US21612.952,7961.3
Adtalem Global Education Inc. [ATGE]US5947.322,7771.3
World Wrestling Entertainment Inc. [WWE]US3674.722,7201.3
Advanced Disposal Services Inc. [ADSW]US11423.942,7181.3
Green Dot Corp. [GDOT]US3379.522,6371.2
Casa Systems Inc. [CASA]US19413.132,5411.2
Aquaventure Holdings Ltd. [WAAS]VI13418.892,5231.2
Infinera Corp. [INFN]US6193.992,4711.2
Wageworks Inc. [WAGE]US9027.162,4571.2
Logmein Inc. [LOGM]US3081.572,4491.2
Churchill Downs Inc. [CHDN]US10243.942,4391.1
Medicines Co. [MDCO]US12519.142,3951.1
Maxar Technologies Ltd. [MAXR]CA19711.962,3591.1
Invacare Corp. [IVC]US5384.302,3131.1
Carbonite Inc. [CARB]US9125.262,3111.1
Rexnord Corp. [RXN]US10022.952,3061.1
R1 RCM Inc. [RCM]US2897.952,3001.1
Freshpet Inc. [FRPT]US7132.162,2941.1
Nextgen Healthcare Inc. [NXGN]US15015.152,2681.1
Ligand Pharmaceuticals Inc. [LGND]US16135.702,1431.0
Kinsale Capital Group Inc. [KNSL]US3855.562,1111.0
Dave & Buster's Entertainment Inc. [PLAY]US4744.562,0871.0
Beacon Roofing Supply Inc. [BECN]US6531.722,0681.0
Playa Hotels & Resorts NV [PLYA]NL2797.192,0050.9
Essent Group Ltd. [ESNT]BM5834.181,9850.9
Primo Water Corp. [PRMW]US14014.011,9560.9
NN Inc. [NNBR]US2876.711,9250.9
Halozyme Therapeutics Inc. [HALO]US12814.631,8790.9
Gogo Inc. [GOGO]US6182.991,8470.9
Quantenna Communications Inc. [QTNA]US12814.351,8410.9
National Vision Holdings Inc. [EYE]US6528.171,8250.9
G-III Apparel Group Ltd. [GIII]US6527.891,8160.9
Guess? Inc. [GES]US8720.771,8090.8
Tesaro Inc. [TSRO]US2474.251,8040.8
Viewray Inc. [VRAY]US2876.071,7400.8
Boot Barn Holdings Inc. [BOOT]US10217.031,7330.8
Lumentum Holdings Inc. [LITE]US4142.011,7330.8
Actuant Corp. [ATU]US8220.991,7290.8
Kornit Digital Ltd. [KRNT]IL9218.721,7140.8
FB Financial Corp. [FBK]US4935.021,7140.8
Cryolife Inc. [CRY]US6028.381,7090.8
Portola Pharmaceuticals Inc. [PTLA]US8719.521,6970.8
Saia Inc. [SAIA]US3055.821,6900.8
Chemical Financial Corp. [CHFC]US4636.611,6880.8
Party City Holdco Inc. [PRTY]US1649.981,6330.8
Callon Petroleum Co. [CPE]US2516.491,6300.8
Nautilus Inc. [NLS]US14910.901,6220.8
Echo Global Logistics Inc. [ECHO]US7920.331,5970.8
Meritor Inc. [MTOR]US9416.911,5860.7
Gtt Communications Inc. [GTT]US6623.661,5560.7
Evo Payments Inc. [EVOP]US6324.671,5510.7
WNS Holdings Ltd. ADR [WNS]IN3741.261,5400.7
MTS Systems Corp. [MTSC]US3740.131,5000.7
BioSpecifics Technologies Corp. [BSTC]US2560.601,4910.7
Camping World Holdings Inc. [CWH]US13011.471,4900.7
Atlas Air Worldwide Holdings Inc. [AAWW]US3542.191,4840.7
Cardtronics plc [CATM]GB5726.001,4780.7
Teladoc Inc. [TDOC]US3049.571,4630.7
Circor International Inc. [CIR]US6521.301,3810.6
Tivity Health Inc. [TVTY]US5524.811,3650.6
Chegg Inc. [CHGG]US4728.421,3360.6
Tristate Capital Holdings Inc. [TSC]US6719.461,2980.6
Matador Resources Co. [MTDR]US8315.531,2830.6
Methode Electronics Inc. [MEI]US5423.291,2620.6
Tpi Composites Inc. [TPIC]US5124.581,2520.6
Spark Therapeutics Inc. [ONCE]US3239.141,2520.6
Amarin Corp. plc ADR [AMRN]GB8913.611,2110.6
Red Robin Gourmet Burgers Inc. [RRGB]US4526.721,2030.6
Clovis Oncology Inc. [CLVS]US6617.961,1780.6
Teligent Inc. [TLGT]US8461.371,1590.5
Meta Financial Group Inc. [CASH]US5819.391,1330.5
Omnicell Inc. [OMCL]US1861.241,0760.5
REV Group Inc. [REVG]US1397.511,0450.5
Power Solutions International Inc. [PSIX]US1139.251,0440.5
SRC Energy Inc. [SRCI]US2014.709430.4
Daseke Inc. [DSKE]US2543.689340.4
Chefs' Warehouse Inc. [CHEF]US2931.989160.4
Yeti Holdings Inc. [YETI]US6114.849100.4
Carrizo Oil & Gas Inc. [CRZO]US7011.297900.4
Foundation Building Materials Inc. [FBM]US778.316420.3
Total208,94898.2
Cash and Other Assets Less Liabilities1.8
Total Net Assets100%

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

As of Quarter Ended 12/31/2018
Economic SectorHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Health Care27.426.3
Information Technology22.318.5
Industrials16.917.7
Consumer Discretionary14.514.8
Financials7.47.5
Communication Services3.93.5
Consumer Staples2.43.1
Energy2.21.7
Utilities1.20.5
Materials0.03.4
Real Estate0.03.0

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

As of Quarter Ended 12/31/2018
Sector ReturnsHarbor Small Cap Growth Opportunities Fund %Russell 2000® Growth Index %
Utilities4.51.8
Cash0.60.0
Materials0.0-25.8
Real Estate0.0-11.5
Consumer Staples-15.2-12.5
Financials-18.3-19.0
Information Technology-19.8-18.0
Consumer Discretionary-24.2-20.8
Health Care-24.7-25.0
Communication Services-25.6-18.8
Industrials-30.8-22.5
Energy-50.5-41.3

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.