Harbor High-Yield Opportunities Fund Institutional Class (HHYNX)

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

Harbor High-Yield Opportunities FundICE BofAML US High Yield Index (H0A0)
Number of Bonds2161,838
Average Market Coupon (%)6.466.35
Yield to Maturity (%)8.068.01
Weighted Avg. Maturity (yrs)5.525.85
Duration to Worst (yrs)4.054.27

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

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Sprint Corp.06/15/20247.17951.1
Sirius XM Radio Inc.07/15/20246.07801.1
Goeasy Ltd.11/01/20227.97611.1
Block Communications Inc.02/15/20256.97561.1
Encompass Health Group11/01/20245.86961.0
Bombardier Inc.10/15/20226.06601.0
Travelport Corporate Finance plc03/15/20266.06580.9
Talen Energy Supply LLC07/15/20229.56570.9
CCO Holdings LLC05/01/20265.56510.9
Level 3 Financing Inc.01/15/20245.46450.9
% of Total Holdings:7,05910.0

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
Sprint Corp.06/15/20247.17951.1
Sirius XM Radio Inc.07/15/20246.07801.1
Goeasy Ltd.11/01/20227.97611.1
Block Communications Inc.02/15/20256.97561.1
Encompass Health Group11/01/20245.86961.0
Bombardier Inc.10/15/20226.06601.0
Travelport Corporate Finance plc03/15/20266.06580.9
Talen Energy Supply LLC07/15/20229.56570.9
CCO Holdings LLC05/01/20265.56510.9
Level 3 Financing Inc.01/15/20245.46450.9
Tempur Sealy International Inc.10/15/20235.66290.9
Bausch Health Cos. Inc.03/15/20247.06080.9
Sunoco LP / Sunoco Finance Corp.01/15/20234.95870.8
Park Aerospace Holdings Co.08/15/20225.25830.8
Centene Corp.01/15/20254.85750.8
Credit Acceptance Corp.03/15/20237.45620.8
j2 Cloud Services LLC07/15/20256.05400.8
Infor Software Parent LLC05/01/20217.15380.8
CSC Holdings LLC04/15/20275.55360.8
Solera LLC03/01/202410.55350.8
Silversea Cruise Finance Ltd.02/01/20257.25310.8
Sabre Glbl Inc.04/15/20235.45250.8
Dae Funding LLC08/01/20245.05090.7
Engility Corp.09/01/20248.95090.7
Hughes Satellite Systems Corp.08/01/20265.25060.7
Murphy Oil Corp.08/15/20246.94990.7
HCA Inc.06/15/20265.24980.7
Welltec A/S12/01/20229.54960.7
Oxford Finance LLC12/15/20226.44940.7
Open Text Corp.06/01/20265.94910.7
HCA Inc.09/01/20265.44880.7
Grinding Media Inc.12/15/20237.44860.7
MGM Resorts International06/15/20255.84850.7
Crestwood Midstream Partners LP04/01/20236.24840.7
United Rentals North America Inc.11/15/20245.84830.7
Kronos Acquisition Holdings Inc.08/15/20239.04810.7
AMC Networks Inc.04/01/20245.04750.7
Rose Rock Midstream LP07/15/20225.64740.7
Videotron Ltd.04/15/20275.14740.7
Ingram Micro Inc.12/15/20245.54730.7
UPCB Finance IV Ltd.01/15/20255.44690.7
Salem Media Group Inc.06/01/20246.84690.7
Viking Cruises Ltd.09/15/20275.94680.7
Virgin Media Secured Finance plc08/15/20265.54640.7
Springleaf Finance Corp.03/15/20235.64630.7
Scientific Games International Inc.12/01/202210.04570.7
McLaren Finance plc08/01/20225.84550.7
Community Health Systems Inc.11/15/20198.04540.7
Citgo Holding Inc.02/15/202010.84350.6
EIG Investors Corp.02/01/202410.94300.6
Ardagh Packaging Finance plc05/15/20247.24260.6
Sprint Corp.09/15/20237.94120.6
Lamar Media Corp.02/01/20265.84070.6
Select Medical Corp.06/01/20216.44010.6
CCO Holdings LLC04/01/20245.93990.6
Newfield Exploration Co.01/01/20265.43930.6
NetFlix Inc.11/15/20285.93910.6
Clearway Energy Operating LLC08/15/20245.43820.6
Tenet Healthcare Corp.06/15/20236.83770.5
Plantronics Inc.05/31/20235.53730.5
Rackspace Hosting Inc.11/15/20248.63720.5
Kga Escrow LLC08/15/20237.53710.5
NRG Energy Inc.05/15/20267.23660.5
Hertz Corp.10/15/20205.93650.5
Teva Pharmaceutical Finance Netherlands III BV10/01/20263.13630.5
Centurylink Inc.04/01/20247.53630.5
Match Group Inc.06/01/20246.43570.5
T-Mobile USA Inc.03/01/20256.43550.5
Hertz Corp.06/01/20227.63540.5
Murphy Oil USA Inc.08/15/20236.03530.5
Cornerstone Chemical Co.08/15/20246.83530.5
Clear Channel Worldwide Holdings Inc.11/15/20226.53520.5
Vistra Energy Corp.06/01/20235.93520.5
Universal Hospital Services Inc.08/15/20207.63480.5
EMC Corp.06/01/20233.43470.5
Icahn Enterprises Finance Corp.02/01/20226.23470.5
Frontier Communications Corp.09/15/202511.03450.5
Altice Luxembourg SA05/15/20227.83430.5
Cemex SAB de CV04/16/20267.83420.5
Jefferies Finance LLC / Jfin Co.-Issuer Corp.04/15/20226.93420.5
Intelsat Jackson Holdings SA10/15/20248.53410.5
First Data Corp.01/15/20245.03380.5
Murphy Oil USA Inc.05/01/20275.63380.5
Advanced Micro Devices Inc.07/01/20247.03350.5
BBA US Holdings Inc.05/01/20265.43320.5
Fortress Transportation & Infrastructure Investors LLC10/01/20256.53280.5
Bausch Health Cos. Inc.04/01/20269.23260.5
DISH DBS Corp.11/15/20245.93240.5
Vector Group Ltd.02/01/20256.13210.5
Bausch Health Cos. Inc.03/01/20235.53200.5
Altice Financing SA02/15/20236.63130.5
Reynolds Group Issuer Inc.07/15/20235.13100.4
Fly Leasing Ltd.10/15/20216.43000.4
Altice France SA05/01/20267.42990.4
Ally Financial Inc.09/30/20245.12990.4
CF Industries Inc.03/15/20345.22960.4
Equinix Inc.05/15/20275.42940.4
Qep Resources Inc.03/01/20265.62920.4
Qwest Corp.09/15/20336.92910.4
Horizon Pharma Inc.05/01/20236.62910.4
Nova Chemicals Corp.06/01/20275.22890.4
Aston Martin Capital Holdings Ltd.04/15/20226.52850.4
Golden Nugget Inc.10/15/20246.82840.4
Antero Resources Corp.12/01/20225.12830.4
Lpl Holdings Inc.09/15/20255.82820.4
Freeport-McMoRan Inc.11/14/20244.52780.4
Oceaneering International Inc.11/15/20244.72770.4
Melco Resorts Finance Ltd.06/06/20254.92760.4
PF Chang's China Bistro Inc.06/30/202010.22760.4
Calfrac Holdings LP06/15/20268.52680.4
Nabors Industries Inc.01/15/20235.52600.4
Navient Corp. MTN03/25/20246.12590.4
Prime Security Services Borrower LLC05/15/20239.22580.4
Sesi LLC12/15/20217.12570.4
Community Health Systems Inc.08/01/20215.12560.4
Diamond 1 Finance Corp.06/15/20247.12550.4
RegionalCare Hospital Partners Holdings Inc.05/01/20238.22530.4
Studio City Finance Ltd.12/01/20208.52510.4
HCA Inc.03/15/20245.02480.4
International Game Technology plc02/15/20256.52480.4
NVA Holdings Inc.04/01/20266.92480.4
Viking Cruises Ltd.05/15/20256.22480.4
Newmark Group Inc.11/15/20236.12460.4
Calpine Corp.01/15/20245.92460.4
First Data Corp.01/15/20245.82450.4
Arconic Inc.10/01/20245.12420.3
Wellcare Health Plans Inc.08/15/20265.42420.3
Archrock Partners LP04/01/20216.02410.3
Dean Foods Co.03/15/20236.52410.3
California Resources Corp.12/15/20228.02380.3
Cott Holdings Inc.04/01/20255.52370.3
Bway Holding Co.04/15/20245.52360.3
Standard Industries Inc.11/15/20245.42360.3
Sinclair Television Group Inc.08/01/20245.62350.3
Nexstar Escrow Corp.08/01/20245.62340.3
Cheniere Energy Partners LP10/01/20255.22340.3
Transdigm Inc.06/15/20266.42330.3
MPT Operating Partnership LP10/15/20275.02290.3
Targa Resources Partners Finance Corp.03/15/20246.82290.3
Oasis Petroleum Inc.03/15/20226.92240.3
Hilcorp Finance Co.12/01/20245.02230.3
INEOS Group Holdings SA08/01/20245.62220.3
Weatherford International Ltd.04/15/20224.52210.3
Unicredit SpA06/19/20325.92200.3
Frontier Communications Corp.04/01/20268.52190.3
Gulfport Energy Corp.01/15/20266.42170.3
Everest Acquisition Finance Inc.05/01/20209.42170.3
Mallinckrodt International Finance SA10/15/20235.62100.3
Ascent Resources Utica Holdings LLC11/01/20267.02050.3
Carvana Co.10/01/20238.92050.3
Sable International Finance Ltd.08/01/20226.92050.3
Alcoa Nederland Holding BV09/30/20246.82040.3
Crownrock Finance Inc.10/15/20255.62030.3
Taylor Morrison Communities Inc.05/15/20226.62010.3
Djo Finance LLC / Djo Finance Corp.04/15/202010.82010.3
Ball Corp.07/01/20255.22000.3
Icahn Enterprises Finance Corp.02/01/20225.91970.3
CIT Group Inc.08/01/20235.01970.3
HCA Inc.02/01/20255.41960.3
Kfc Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC06/01/20265.21940.3
C&W Senior Financing DAC10/15/20267.51930.3
Telecom Italia SpA05/30/20245.31910.3
Hanesbrands Inc.05/15/20244.61890.3
Murphy Oil Corp.08/15/20255.81870.3
Seagate HDD Cayman06/01/20234.81870.3
Tenet Healthcare Corp.07/15/20244.61870.3
Intesa Sanpaolo SpA MTN06/26/20245.01810.3
Enlink Midstream Partners LP06/01/20254.21810.3
Energy Transfer Equity LP01/15/20245.91790.3
GE Capital International Funding Co. Unlimited Co.11/15/20253.41780.3
Endo Finance LLC01/15/20227.21740.3
Cablevision Systems Corp.09/15/20225.91720.2
T-Mobile USA Inc.04/15/20275.41700.2
Endo Finance LLC10/15/20245.91660.2
Dish DBS Corp.07/01/20267.81660.2
Noble Holding International Ltd.01/15/20247.81610.2
Berry Petroleum Co. LLC02/15/20267.01580.2
Ensco plc10/01/20445.81550.2
Jaguar Land Rover Automotive plc10/01/20274.51500.2
CCO Holdings LLC01/15/20245.81500.2
Riverbed Technology Inc.03/01/20238.91490.2
Ally Financial Inc.05/19/20224.61480.2
Transdigm Inc.07/15/20226.01470.2
Dish DBS Corp.03/15/20235.01460.2
USA Compression Partners LP04/01/20266.91450.2
Diamond Offshore Drilling Inc.11/01/20434.91410.2
M/I Homes Inc.08/01/20255.61380.2
Springleaf Finance Corp.03/15/20256.91350.2
Chesapeake Energy Corp.01/15/20258.01330.2
Intelsat Jackson Holdings SA08/01/20235.51310.2
ARD Securities Finance SA01/31/20238.81280.2
Chesapeake Energy Corp.06/15/20278.01270.2
Intelsat Jackson Holdings SA07/15/20259.81260.2
Sabre Glbl Inc.11/15/20235.21240.2
First Quality Finance Co. Inc.05/15/20214.61220.2
US Airways 2012-2 Class B Pass-Through Trust12/03/20226.81130.2
Nova Chemicals Corp.06/01/20244.91130.2
Neiman Marcus Group Ltd. LLC10/15/20218.01130.2
Frontier Communications Corp.09/15/202210.51050.2
Tenet Healthcare Corp.04/01/20228.11010.1
HCA Inc.05/01/20234.8990.1
Hlf Financing Sarl LLC / Herbalife International Inc.08/15/20267.2990.1
Asbury Automotive Group Inc.12/15/20246.0960.1
Windstream Corp.10/15/20207.8960.1
MPT Operating Partnership LP08/01/20265.2950.1
Sprint Capital Corp.11/15/20286.9950.1
Altice France SA05/15/20246.2940.1
Sanchez Energy Corp.01/15/20236.1930.1
Community Health Systems Inc.03/31/20236.2910.1
Pioneer Energy Services Corp.03/15/20226.1770.1
HCA Inc.05/01/20235.9760.1
Petsmart Inc.06/01/20255.9730.1
PetSmart Inc.03/15/20237.1590.1
Jones Energy Holdings LLC04/01/20226.8590.1
Sanchez Energy Corp.06/15/20217.8360.1
Weatherford International Ltd.06/15/20238.2300.0
Total66,10895.1
Cash and Other Assets Less Liabilities4.9
Total Net Assets100%

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

As of Quarter Ended 12/31/2018
Economic SectorHarbor High-Yield Opportunities Fund %
Communication Services20.5
Energy14.7
Health Care12.3
Consumer Discretionary11.0
Financials9.1
Information Technology9.0
Industrials8.0
Materials5.6
Consumer Staples2.0
Utilities1.8
Real Estate1.2
Asset-backed Securities0.2

Maturity Profile (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
MaturityHarbor High-Yield Opportunities Fund %ICE BofAML US High Yield Index (H0A0) %
0-1 yr0.70.0
1-3 yr6.713.9
3-5 yr30.629.2
5-7 yr38.231.1
7-10 yr19.220.9
10-20 yr1.23.3
20-30 yr0.41.5
Over 30 yr0.00.1

Duration (As of Quarter Ended 12/31/2018)

As of Quarter Ended 12/31/2018
DurationHarbor High-Yield Opportunities Fund %ICE BofAML US High Yield Index (H0A0) %
0-1 yr2.71.7
1-3 yr21.324.2
3-5 yr48.840.1
5-7 yr22.227.8
7-10 yr2.04.0
10-20 yr0.22.3
20-30 yr0.00.0
Over 30 yr0.00.0

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

As of Quarter Ended 12/31/2018
CountryHarbor High-Yield Opportunities Fund %ICE BofAML US High Yield Index (H0A0) %
United States73.6N/A
Canada5.4N/A
United Kingdom3.1N/A
Cayman Islands2.7N/A
Luxembourg2.6N/A
Bermuda1.8N/A
Ireland1.1N/A
Italy0.9N/A
Netherlands0.8N/A
Bahamas0.8N/A
Other7.2N/A

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 ICE BofAML US High Yield Index (H0A0) is an unmanaged index that tracks the performance of below investment grade U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. This unmanaged index does not reflect fees and expenses and is not available for direct investment.