Harbor Small Cap Growth Fund Administrative Class (HRSGX)

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

Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings771,188
Weighted Avg. Market Cap ($Mil)4,697.892,970.17
Median Market Cap ($Mil)3,609.851,038.56
Price/Book Ratio4.764.69
Adj. Trailing P/E Ratio26.1021.83
Forecasted P/E Ratio20.9220.17
Earnings Growth Rate (%)18.2315.58
Proj. Earnings Growth Rate (%)15.6414.85
Return on Equity (%)8.0511.47
Turnover (unannualized % since 10/31)32-
Beta vs. Fund Benchmark0.94-

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
Nektar Therapeutics [NKTR]2.9
John Bean Technologies Corp. [JBT]2.6
Rsp Permian Inc. [RSPP]2.5
Masimo Corp. [MASI]2.1
Proofpoint Inc. [PFPT]2.1
Berry Global Group Inc. [BERY]2.1
Eldorado Resorts Inc. [ERI]2.1
Zendesk Inc. [ZEN]2.1
Integra LifeSciences Holdings Corp. [IART]2.0
CoStar Group Inc. [CSGP]1.9
% of Total Holdings:22.4

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Nektar Therapeutics [NKTR]US194106.2620,5852.9
John Bean Technologies Corp. [JBT]US164113.4018,5722.6
Rsp Permian Inc. [RSPP]US39146.8818,3242.5
Masimo Corp. [MASI]US17587.9515,3912.1
Proofpoint Inc. [PFPT]US133113.6515,1382.1
Berry Global Group Inc. [BERY]US27554.8115,0632.1
Eldorado Resorts Inc. [ERI]US45433.0014,9962.1
Zendesk Inc. [ZEN]US30947.8714,7992.1
Integra LifeSciences Holdings Corp. [IART]US26455.3414,6222.0
CoStar Group Inc. [CSGP]US37362.6813,4761.9
Klx Inc. [KLXI]US18471.0613,0571.8
Milacron Holdings Corp. [MCRN]US64620.1413,0111.8
Installed Building Products Inc. [IBP]US20960.0512,5721.7
Madison Square Garden Co. [MSG]US49245.8012,0001.7
Ryder System Inc. [R]US16072.7911,6491.6
Wex Inc. [WEX]US74156.6211,5791.6
Trinseo SA [TSE]LU15574.0511,4581.6
Cantel Medical Corp. [CMD]US102111.4111,3651.6
Bank of NT Butterfield & Son Ltd. [NTB]BM25144.8811,2701.6
Rush Enterprises Inc. [RUSHA]US26342.4911,1871.6
Icon plc [ICLR]IE91118.1410,7621.5
H.B. Fuller Co. [FUL]US21649.7310,7201.5
BIO-RAD Laboratories Inc. [BIO]US43250.0810,7171.5
Ultimate Software Group Inc. [ULTI]US44243.7010,6271.5
Summit Materials Inc. [SUM]US34130.2810,3341.4
Fortinet Inc. [FTNT]US19153.5810,2461.4
WNS Holdings Ltd. ADR [WNS]JE22645.3310,2241.4
Tableau Software Inc. [DATA]US12680.8210,1851.4
Axalta Coating Systems Ltd. [AXTA]BM33330.1910,0581.4
Univar Inc. [UNVR]US36027.759,9811.4
Acceleron Pharma Inc. [XLRN]US25139.109,8071.4
American Eagle Outfitters Inc. [AEO]US49019.939,7701.4
Pacific Premier Bancorp Inc. [PPBI]US24340.209,7691.4
Mercury Systems Inc. [MRCY]US19948.329,6171.3
Interxion Holding NV [INXN]NL15362.119,4741.3
Lions Gate Entertainment Corp. Class B [LGF.B]CA38424.089,2521.3
Medicines Co. [MDCO]US28032.949,2171.3
Omnicell Inc. [OMCL]US21143.409,1521.3
Flowserve Corp. [FLS]US20943.339,0431.3
Nexstar Media Group Inc. [NXST]US13466.508,9411.2
Texas Roadhouse Inc. [TXRH]US15457.788,9221.2
Commvault Systems Inc. [CVLT]US15357.208,7611.2
Heico Corp. [HEI.A]US11870.958,3881.2
Bright Horizons Family Solutions Inc. [BFAM]US8399.728,2911.1
Nice Ltd. ADR [NICE]IL8593.937,9991.1
Ciena Corp. [CIEN]US30725.907,9421.1
Watsco Inc. [WSO]US44180.977,9311.1
Bottomline Technologies de Inc. [EPAY]US20538.757,9301.1
Camden Property Trust [CPT]US9384.187,8251.1
Integrated Device Technology Inc. [IDTI]US24630.567,5311.0
Party City Holdco Inc. [PRTY]US47915.607,4801.0
Wright Medical Group NV [WMGI]NL35419.847,0241.0
MGIC Investment Corp. [MTG]US53613.006,9701.0
BMC Stock Holdings Inc. [BMCH]US35019.556,8370.9
Vail Resorts Inc. [MTN]US31221.706,7630.9
Clovis Oncology Inc. [CLVS]US12552.806,5880.9
LPL Financial Holdings Inc. [LPLA]US10761.076,5350.9
Pinnacle Financial Partners Inc. [PNFP]US10164.206,5090.9
Lithia Motors Inc. [LAD]US63100.526,3340.9
Stag Industrial Inc. [STAG]US24323.925,8190.8
Ultra Clean Holdings Inc. [UCTT]US29219.255,6140.8
Chegg Inc. [CHGG]US27120.665,6070.8
Resolute Energy Corp. [REN]US13334.654,5940.6
Monolithic Power Systems Inc. [MPWR]US39115.774,4780.6
Santander Consumer USA Holdings Inc. [SC]US27316.304,4490.6
Pacira Pharmaceuticals Inc. [PCRX]US13931.154,3340.6
Aclaris Therapeutics Inc. [ACRS]US24417.524,2790.6
National Vision Holdings Inc. [EYE]US12932.314,1630.6
Prothena Corp. plc [PRTA]IE10436.713,8250.5
Hamilton Lane Inc. [HLNE]US10037.233,7280.5
Novocure Ltd. [NVCR]JE16521.803,5910.5
Avexis Inc. [AVXS]US29123.583,5850.5
Cardiome Pharma Corp. [CRME]CA1,5392.323,5710.5
Green Dot Corp. [GDOT]US5564.163,5220.5
8x8 Inc. [EGHT]US18718.653,4910.5
Orbotech Ltd. [ORBK]IL4762.182,8970.4
Total692,11796.1
Cash and Other Assets Less Liabilities3.9
Total Net Assets100%

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

As of Quarter Ended 03/31/2018
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Information Technology20.625.2
Health Care20.625.2
Industrials18.417.8
Consumer Discretionary16.013.1
Materials8.04.4
Financials7.36.1
Energy3.21.2
Real Estate1.93.2
Consumer Staples0.02.5
Utilities0.00.6
Telecommunication Services0.00.7

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

As of Quarter Ended 03/31/2018
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Energy15.2-15.9
Information Technology14.89.9
Health Care6.66.4
Financials1.52.3
Cash0.40.0
Materials0.1-0.8
Consumer Staples0.0-4.1
Telecommunication Services0.0-2.3
Utilities0.0-10.6
Industrials-1.9-3.0
Consumer Discretionary-5.4-3.2
Real Estate-8.0-7.3

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.