Harbor Real Return Fund Administrative Class (HRRRX)

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

Harbor Real Return FundBloomberg Barclays U.S. TIPS Index
Number of Issues11138
Average Market Coupon (%)1.570.84
Yield to Maturity (%)32.34
Weighted Avg. Maturity (yrs)7.578.28
Weighted Avg. Duration (yrs)7.257.70

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

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,01335.1
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,51212.5
U.S. Treasury Inflation Indexed Bonds02/15/20441.48,1228.1
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,1666.2
U.S. Treasury Inflation Indexed Bonds04/15/20210.16,1306.1
Federal National Mortgage Association TBA03/13/20484.05,6355.6
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,3684.4
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,6443.7
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,6383.6
U.S. Treasury Inflation Indexed Bonds07/15/20250.43,5353.5
% of Total Holdings:88,76388.8

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.435,01335.1
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,51212.5
U.S. Treasury Inflation Indexed Bonds02/15/20441.48,1228.1
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,1666.2
U.S. Treasury Inflation Indexed Bonds04/15/20210.16,1306.1
Federal National Mortgage Association TBA03/13/20484.05,6355.6
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,3684.4
U.S. Treasury Inflation Indexed Bonds07/15/20220.13,6443.7
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,6383.6
U.S. Treasury Inflation Indexed Bonds07/15/20250.43,5353.5
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,4663.5
U.S. Treasury Inflation Indexed Bonds07/15/20210.62,9893.0
U.S. Treasury Inflation Indexed Bonds01/15/20250.22,9753.0
U.S. Treasury Inflation Indexed Bonds07/15/20240.12,7022.7
U.S. Treasury Inflation Indexed Bonds07/15/20230.42,5332.5
U.S. Treasury Inflation Indexed Bonds02/15/20470.92,0902.1
Federal National Mortgage Association TBA01/13/20483.52,0552.1
U.S. Treasury Notes02/15/20242.81,9502.0
U.K. Gilt Inflation Linked03/22/20260.11,8651.9
New Zealand Government Bond09/20/20252.01,2601.3
U.S. Treasury Inflation Indexed Bonds01/15/20262.01,2471.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.11,2401.2
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,2381.2
U.S. Treasury Inflation Indexed Bonds01/15/20192.11,1731.2
U.S. Treasury Notes07/31/20242.11,0871.1
Lavender Trust10/26/20366.29420.9
Japan Government CPI Linked Bond03/10/20270.18550.9
U.S. Treasury Notes05/15/20242.58090.8
U.S. Treasury Inflation Indexed Bonds02/15/20412.17540.8
Navient Corp. MTN05/03/20194.37310.7
U.S. Treasury Inflation Indexed Bonds04/15/20200.17270.7
Italy Buoni Ordinari del Tesoro Bot01/31/20180.07080.7
Federal National Mortgage Association TBA02/11/20484.06270.6
U.S. Treasury Inflation Indexed Bonds02/15/20450.85910.6
U.S. Treasury Inflation Indexed Bonds04/15/20293.95470.5
Japan Treasury Discount Bill02/13/20180.05450.5
Deutsche Bank AG10/14/20214.25220.5
Goldman Sachs Group Inc.09/15/20202.85100.5
U.S. Treasury Inflation Indexed Bonds04/15/20283.65030.5
Long Beach Mortgage Loan Trust08/25/20352.35000.5
U.K. Treasury Bill01/29/20180.04990.5
U.K. Gilt Inflation Linked03/22/20460.14760.5
U.S. Treasury Inflation Indexed Bonds07/15/20201.24670.5
Petrobras Global Finance BV01/27/20255.34270.4
U.S. Treasury Inflation Indexed Bonds01/15/20230.13780.4
Argentine Republic Government International Bond01/26/20276.93290.3
Citigroup Mortgage Loan Trust Inc.08/25/20352.13200.3
Canadian Government RRB Bonds12/01/20264.23180.3
Aercap Ireland Capital Ltd.10/30/20204.63150.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.13130.3
UBS AG06/08/20202.13010.3
Ally Financial Inc.05/21/20183.63010.3
UBS AG MTN12/07/20181.83000.3
U.S. Treasury Notes02/15/20252.02930.3
WhiteHorse VI Ltd02/03/20252.62460.2
Federal Home Loan Mortgage Corp. REMIC12/15/20372.12410.2
Long Beach Mortgage Loan Trust01/25/20361.92370.2
Petrobras Global Finance BV01/17/20277.42210.2
Australia Government Bond09/20/20253.02200.2
Boston Scientific Corp.05/15/20202.92020.2
Toronto Dominion Bank03/15/20212.21990.2
U.S. Treasury Notes05/31/20242.01960.2
Soundview Home Loan Trust05/25/20361.81910.2
Navient Student Loan Trust03/25/20662.71810.2
Federal National Mortgage Association REMIC02/25/20412.21740.2
U.K. Gilt12/07/20274.21740.2
U.S. Treasury Inflation Indexed Bonds04/15/20323.41710.2
Argentina Pom Politica Monetaria06/21/202028.81680.2
France Treasury Bill Btf01/31/20180.01320.1
U.S. Treasury Inflation Indexed Bonds02/15/20430.61260.1
Mexican Bonos05/29/20317.81220.1
GSAMP Trust10/25/20343.21170.1
MASTR Asset Backed Securities Trust06/25/20361.81160.1
Bundesrepublik Deutschland Bundesanleihe01/04/20184.01080.1
Navient Corp. MTN01/15/20195.51020.1
Ally Financial Inc.09/10/20184.81020.1
AT&T Inc.02/14/20505.21010.1
Ally Financial Inc.01/27/20193.51010.1
AT&T Inc.01/15/20202.01010.1
BAT Capital Corp08/14/20202.01010.1
ING Bank NV MTN12/05/20222.61000.1
Sempra Energy03/15/20212.01000.1
Enbridge Inc.01/10/20201.81000.1
American Honda Finance Corp. MTN11/05/20211.71000.1
Goldman Sachs Group Inc.10/31/20222.91000.1
U.S. Treasury Notes11/15/20242.2990.1
Petroleo Global Trading Term Loan02/19/20203.5990.1
eBay Inc.01/30/20232.8990.1
U.S. Treasury Notes03/31/20242.1990.1
Morgan Stanley Mortgage Loan Trust06/25/20363.2980.1
Volt Lxii LLC09/25/20473.1960.1
Countrywide Asset-Backed Certificates03/25/20371.8910.1
Saxon Asset Securities Trust06/25/20334.0740.1
Federal National Mortgage Association REMIC07/25/20371.9670.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20361.6600.1
Alliance Bancorp Trust07/25/20371.8580.1
U.S. Treasury Inflation Indexed Bonds02/15/20461.0560.1
Morgan Stanley Mortgage Loan Trust11/25/20365.9550.1
Bear Stearns Adjustable Rate Mortgage Trust02/25/20363.3490.0
Federal National Mortgage Association REMIC07/25/20371.9430.0
Federal National Mortgage Association REMIC05/25/20362.0340.0
Argentina Treasury Bill09/14/20180.0320.0
Bear Stearns Adjustable Rate Mortgage Trust07/25/20363.7270.0
Residential Asset Securitization Trust01/25/20462.0250.0
Fremont Home Loan Trust10/25/20361.7240.0
Argentina Bonar Bonds04/03/202223.8220.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20353.5210.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20333.4210.0
U.K. Gilt Inflation Linked11/22/20560.1110.0
First Horizon Alternative Mortgage Securities Trust02/25/20376.090.0
Argentina Treasury Bill04/13/20180.050.0
Total139,565139.3
Cash and Other Assets Less Liabilities-39.3
Total Net Assets100%

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

As of Quarter Ended 12/31/2017
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations114.3
Mortgage Pass-through8.9
Foreign Government Obligations7.9
Corporate Bonds & Notes5.2
Asset-backed Securities2.0
Collateralized Mortgage Obligations1.6
Bank Loan Obligations0.1

Maturity Profile (As of Quarter Ended 12/31/2017)

As of Quarter Ended 12/31/2017
MaturityHarbor Real Return Fund %
0-1 yr10.0
1-3 yr15.0
3-5 yr8.5
5-7 yr-1.6
7-10 yr56.6
10-20 yr0.9
20-30 yr11.7
Over 30 yr-1.2

Duration (As of Quarter Ended 12/31/2017)

As of Quarter Ended 12/31/2017
DurationHarbor Real Return Fund %
0-1 yr-1.2
1-3 yr4.2
3-5 yr-1.2
5-7 yr50.0
7-10 yr11.9
10-20 yr-2.4
20-30 yr38.6
Over 30 yr0.1

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 Bloomberg Barclays U.S. TIPS Index is an unmanaged market index comprised of all U.S. Treasury Inflation Protected Securities rated investment grade (Baa3 or better), have at least one year to final maturity, and at least $250 million par amount outstanding.  This unmanaged index does not reflect fees and expenses and is not available for direct investment.