Harbor Large Cap Value Fund Administrative Class (HRLVX)

Portfolio Characteristics (As of Quarter Ended 09/30/2017)

Harbor Large Cap Value FundRussell 1000® Value Index
Number of Holdings42716
Weighted Avg. Market Cap ($Mil)87,483.02118,210.90
Median Market Cap ($Mil)43,904.468,783.55
Price/Book Ratio2.882.21
Adj. Trailing P/E Ratio19.4917.48
Forecasted P/E Ratio17.5316.05
Earnings Growth Rate (%)8.037.02
Proj. Earnings Growth Rate (%)11.499.21
Return on Equity (%)10.6810.56
Beta vs. Fund Benchmark1.01-

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

Top Ten Holdings (As of Quarter Ended 09/30/2017)

Company Name [Ticker]% of Net Assets
Adobe Systems Inc. [ADBE]3.7
Baxter International Inc. [BAX]3.5
Home Depot Inc. [HD]3.4
Bank of America Corp. [BAC]3.2
AbbVie Inc. [ABBV]3.2
Microchip Technology Inc. [MCHP]3.1
Microsoft Corp. [MSFT]3.1
Ameriprise Financial Inc. [AMP]2.8
Oshkosh Corp. [OSK]2.8
Martin Marietta Materials Inc. [MLM]2.7
% of Total Holdings:31.5

Full Holdings (As of Quarter Ended 09/30/2017)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Adobe Systems Inc. [ADBE]US165149.1824,6153.7
Baxter International Inc. [BAX]US37062.7523,2183.5
Home Depot Inc. [HD]US139163.5622,7353.4
Bank of America Corp. [BAC]US84025.3421,2863.2
AbbVie Inc. [ABBV]US23988.8621,2383.2
Microchip Technology Inc. [MCHP]US23089.7820,6493.1
Microsoft Corp. [MSFT]US27474.4920,4103.1
Ameriprise Financial Inc. [AMP]US126148.5118,7122.8
Oshkosh Corp. [OSK]US22582.5418,5722.8
Martin Marietta Materials Inc. [MLM]US88206.2318,1482.7
Danaher Corp. [DHR]US21085.7818,0142.7
General Dynamics Corp. [GD]US87205.5817,8852.7
Banco Bilbao Vizcaya SA ADR [BBVA]ES1,9708.9217,5722.7
PPG Industries Inc. [PPG]US161108.6617,4942.6
Lennar Corp. [LEN]US32552.8017,1602.6
Medtronic plc [MDT]IE22077.7717,1092.6
Phillips 66 [PSX]US18491.6116,8562.5
Unilever NV [UN]NL28059.0416,5312.5
Dowdupont Inc. [DWDP]US23569.2316,2692.5
Walgreens Boots Alliance Inc. [WBA]US20677.2215,9072.4
Acadia Healthcare Co. Inc. [ACHC]US32747.7615,6182.4
PayPal Holdings Inc. [PYPL]US23764.0315,1752.3
Chubb Ltd. [CB]CH106142.5515,1102.3
ANSYS Inc. [ANSS]US123122.7315,0962.3
Capital One Financial Corp. [COF]US17384.6614,6462.2
Amgen Inc. [AMGN]US77186.4514,3572.2
National Fuel Gas Co. [NFG]US25056.6114,1532.1
Novartis AG ADR [NVS]CH16385.8513,9942.1
Coca-Cola Co. [KO]US29045.0113,0532.0
Mondelez International Inc. [MDLZ]US31040.6612,6051.9
EQT Corp. [EQT]US19165.2412,4611.9
Halliburton Co. [HAL]US27046.0312,4281.9
Pioneer Natural Resources Co. [PXD]US84147.5412,3931.9
JPMorgan Chase & Co. [JPM]US12895.5112,2251.8
Kroger Co. [KR]US54020.0610,8321.6
Archer Daniels Midland Co. [ADM]US24842.5110,5421.6
Mitsubishi UFJ Financial Group Inc. ADR [MTU]JP1,6106.4410,3681.6
BOK Financial Corp. [BOKF]US11589.0810,2441.5
Cullen/Frost Bankers Inc. [CFR]US10594.929,9671.5
AES Corp. [AES]US82011.029,0361.4
First Republic Bank [FRC]US81104.468,4311.3
East West Bancorp Inc. [EWBC]US5359.783,1940.5
Total646,30897.6
Cash and Other Assets Less Liabilities2.4
Total Net Assets100%

Sector Allocation (As of Quarter Ended 09/30/2017)

As of Quarter Ended 09/30/2017
Economic SectorHarbor Large Cap Value Fund %Russell 1000® Value Index %
Financials21.426.0
Health Care18.613.9
Information Technology14.58.2
Consumer Staples12.08.7
Energy8.210.9
Materials7.82.9
Consumer Discretionary6.06.8
Industrials5.58.5
Utilities3.56.2
Telecommunication Services0.03.2
Real Estate0.04.8

Sector Returns (As of Quarter Ended 09/30/2017)

As of Quarter Ended 09/30/2017
Sector ReturnsHarbor Large Cap Value Fund %Russell 1000® Value Index %
Industrials11.80.8
Information Technology9.85.2
Energy6.36.9
Consumer Discretionary4.61.7
Financials4.54.8
Health Care3.70.2
Utilities1.42.8
Cash0.30.0
Materials0.28.4
Real Estate0.0-0.1
Telecommunication Services0.05.1
Consumer Staples-1.0-0.4

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 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Frank Russell Company.