Harbor Mid Cap Growth Fund Administrative Class (HRMGX)

Portfolio Characteristics (As of Quarter Ended 12/31/2017)

Harbor Mid Cap Growth FundRussell Midcap® Growth Index
Number of Holdings70421
Weighted Avg. Market Cap ($Mil)15,588.4615,822.00
Median Market Cap ($Mil)8,236.298,754.99
Price/Book Ratio6.096.38
Adj. Trailing P/E Ratio30.1827.84
Forecasted P/E Ratio28.2922.22
Earnings Growth Rate (%)21.7013.33
Proj. Earnings Growth Rate (%)19.6516.01
Return on Equity (%)9.3019.66
Turnover (unannualized % since 10/31)22-
Beta vs. Fund Benchmark1.12-

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

Top Ten Holdings (As of Quarter Ended 12/31/2017)

Company Name [Ticker]% of Net Assets
Servicenow Inc. [NOW]3.6
Workday Inc. [WDAY]3.4
Microchip Technology Inc. [MCHP]3.3
Melco Resorts & Entertainment Ltd. ADR [MLCO]3.1
Hilton Worldwide Holdings Inc. [HLT]2.9
Dollar Tree Inc. [DLTR]2.9
Guidewire Software Inc. [GWRE]2.8
TD Ameritrade Holding Corp. [AMTD]2.8
CoStar Group Inc. [CSGP]2.7
Insulet Corp. [PODD]2.5
% of Total Holdings:30.0

Full Holdings (As of Quarter Ended 12/31/2017)

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Servicenow Inc. [NOW]US92130.3911,9793.6
Workday Inc. [WDAY]US110101.7411,1653.4
Microchip Technology Inc. [MCHP]US12587.8811,0213.3
Melco Resorts & Entertainment Ltd. ADR [MLCO]HK35129.0410,1883.1
Hilton Worldwide Holdings Inc. [HLT]US12179.869,6762.9
Dollar Tree Inc. [DLTR]US90107.319,6042.9
Guidewire Software Inc. [GWRE]US12774.269,4672.8
TD Ameritrade Holding Corp. [AMTD]US18451.139,3972.8
CoStar Group Inc. [CSGP]US30296.958,9652.7
Insulet Corp. [PODD]US11969.008,2182.5
Blue Buffalo Pet Products Inc. [BUFF]US23732.797,7792.3
Arista Networks Inc. [ANET]US32235.587,6252.3
Hologic Inc. [HOLX]US16442.757,0192.1
Wayfair Inc. [W]US8680.276,8722.1
JetBlue Airways Corp. [JBLU]US30322.346,7712.0
Align Technology Inc. [ALGN]US30222.196,6842.0
Exact Sciences Corp. [EXAS]US12252.546,4001.9
IDEX Corp. [IEX]US48131.976,3831.9
Godaddy Inc. [GDDY]US11650.285,8501.8
Edwards Lifesciences Corp. [EW]US48112.715,4571.6
Dave & Buster's Entertainment Inc. [PLAY]US9855.175,3881.6
International Paper Co. [IP]US9057.945,2011.6
Zillow Group Inc. Class C [Z]US12240.925,0101.5
Teradyne Inc. [TER]US11741.874,8871.5
JB Hunt Transport Services Inc. [JBHT]US41114.984,7461.4
Wynn Resorts Ltd. [WYNN]US28168.594,6591.4
Rockwell Automation Inc. [ROK]US23196.354,4941.4
Micron Technology Inc. [MU]US10841.124,4601.3
Brink's Co. [BCO]US5678.704,3781.3
Zebra Technologies Corp. [ZBRA]US42103.804,3271.3
Global Payments Inc. [GPN]US43100.244,3071.3
DexCom Inc. [DXCM]US7357.394,2111.3
NVIDIA Corp. [NVDA]US22193.504,1771.3
Williams Scotsman Corp. [WSC]KY32612.704,1411.2
Harris Corp. [HRS]US29141.654,0521.2
Ionis Pharmaceuticals Inc. [IONS]US8050.304,0061.2
Cavium Inc. [CAVM]US4783.833,9701.2
PTC Inc. [PTC]US6560.773,9251.2
Packaging Corp. of America [PKG]US33120.553,9201.2
Transunion [TRU]US7154.963,8991.2
Middleby Corp. [MIDD]US28134.953,8071.1
Universal Display Corp. [OLED]US21172.653,6951.1
Mohawk Industries Inc. [MHK]US13275.903,6191.1
SunTrust Banks Inc. [STI]US5564.593,5651.1
AerCap Holdings NV [AER]NL6752.613,5231.1
Knight-Swift Transportation Holdings Inc. [KNX]US8043.723,4991.1
Clean Harbors Inc. [CLH]US6454.203,4671.0
Planet Fitness Inc. [PLNT]US9734.633,3561.0
II-VI Inc. [IIVI]US7146.953,3481.0
Veeva Systems Inc. [VEEV]US5755.283,1400.9
Newfield Exploration Co. [NFX]US9931.533,1310.9
Marriott Vacations Worldwide Corp. [VAC]US23135.213,1200.9
Liberty Media Corp.-Liberty Formula One [FWONK]US9134.163,1040.9
Monster Beverage Corp. [MNST]US4963.293,0940.9
NetFlix Inc. [NFLX]US15191.962,9060.9
Zynga Inc. [ZNGA]US7094.002,8380.9
Advanced Micro Devices Inc. [AMD]US26110.282,6830.8
Under Armour Inc. Class A [UA]US17714.432,5570.8
Eisai Co. Ltd. [4523]JP4256.812,3750.7
Skechers U.S.A. Inc. [SKX]US4837.841,8250.5
Under Armour Inc. Class C [UA]US13213.321,7590.5
Baker Hughes A GE Co. [BHGE]US5431.641,7200.5
Incyte Corp. [INCY]US1794.711,5630.5
ONO Pharmaceutical Co. Ltd. [4528]JP6623.261,5400.5
IPG Photonics Corp. [IPGP]US7214.131,3980.4
Tesaro Inc. [TSRO]US1382.871,0800.3
Spark Therapeutics Inc. [ONCE]US1851.429280.3
Sage Therapeutics Inc. [SAGE]US6164.719260.3
Total328,24498.6
Cash and Other Assets Less Liabilities1.4
Total Net Assets100%

Sector Allocation (As of Quarter Ended 12/31/2017)

As of Quarter Ended 12/31/2017
Economic SectorHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Information Technology34.627.8
Consumer Discretionary20.617.6
Health Care16.113.2
Industrials14.717.4
Financials5.17.3
Consumer Staples3.34.2
Materials2.76.4
Energy1.52.5
Utilities0.00.1
Telecommunication Services0.00.2
Real Estate0.03.3

Sector Returns (As of Quarter Ended 12/31/2017)

As of Quarter Ended 12/31/2017
Sector ReturnsHarbor Mid Cap Growth Fund %Russell Midcap® Growth Index %
Consumer Staples15.89.2
Financials10.59.2
Health Care9.83.4
Consumer Discretionary6.57.8
Industrials5.29.5
Information Technology4.95.9
Materials0.65.5
Cash0.30.0
Real Estate0.06.0
Telecommunication Services0.06.9
Utilities0.011.4
Energy-0.35.4

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