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 03/31/2018)

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,52336.2
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,51513.1
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,5938.0
U.S. Treasury Inflation Indexed Bonds04/15/20210.16,4416.8
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,1916.5
Federal National Mortgage Association TBA05/14/20484.06,1446.4
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,0784.3
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,7473.9
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,5743.7
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,3943.6
% of Total Holdings:88,20092.5

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

Issuer NameMaturity DateCoupon Rate (%)Market Value ($000's)% of Net Assets
U.S. Treasury Inflation Indexed Bonds01/15/20252.434,52336.2
U.S. Treasury Inflation Indexed Bonds07/15/20191.912,51513.1
U.S. Treasury Inflation Indexed Bonds02/15/20441.47,5938.0
U.S. Treasury Inflation Indexed Bonds04/15/20210.16,4416.8
U.S. Treasury Inflation Indexed Bonds01/15/20260.66,1916.5
Federal National Mortgage Association TBA05/14/20484.06,1446.4
U.S. Treasury Inflation Indexed Bonds01/15/20292.54,0784.3
U.S. Treasury Inflation Indexed Bonds01/15/20240.63,7473.9
U.S. Treasury Inflation Indexed Bonds01/15/20272.43,5743.7
U.S. Treasury Inflation Indexed Bonds01/15/20250.23,3943.6
U.S. Treasury Inflation Indexed Bonds07/15/20210.63,1693.3
Federal National Mortgage Association TBA06/13/20483.53,0963.2
Federal National Mortgage Association TBA05/14/20483.53,0203.2
U.S. Treasury Inflation Indexed Bonds07/15/20250.42,7952.9
U.S. Treasury Inflation Indexed Bonds07/15/20230.42,1132.2
U.S. Treasury Inflation Indexed Bonds02/15/20470.92,1012.2
U.S. Treasury Inflation Indexed Bonds01/15/20280.51,7081.8
Japan Treasury Discount Bill05/01/20180.01,6921.8
Japan Treasury Discount Bill05/21/20180.01,6131.7
U.K. Gilt Inflation Linked03/22/20260.11,5141.6
U.S. Treasury Inflation Indexed Bonds02/15/20420.81,4081.5
New Zealand Government Bond09/20/20252.01,2791.3
U.S. Treasury Inflation Indexed Bonds01/15/20262.01,2441.3
Japan Treasury Discount Bill04/09/20180.01,2311.3
U.S. Treasury Inflation Indexed Bonds07/15/20240.11,1701.2
U.S. Treasury Inflation Indexed Bonds04/15/20190.11,0781.1
Hellenic Republic Treasury Bill08/31/20180.09541.0
Lavender Trust10/26/20366.29361.0
Japan Government CPI Linked Bond03/10/20270.19050.9
Navient Corp. MTN05/03/20194.37340.8
U.S. Treasury Inflation Indexed Bonds02/15/20412.17320.8
U.S. Treasury Inflation Indexed Bonds02/15/20450.85670.6
Japan Treasury Discount Bill05/14/20180.05640.6
U.S. Treasury Inflation Indexed Bonds02/15/20481.05380.6
U.S. Treasury Inflation Indexed Bonds04/15/20200.15310.6
Deutsche Bank AG10/14/20214.25080.5
Goldman Sachs Group Inc.09/15/20203.35080.5
U.S. Treasury Inflation Indexed Bonds04/15/20323.45050.5
U.S. Treasury Inflation Indexed Bonds04/15/20283.64930.5
U.S. Treasury Inflation Indexed Bonds07/15/20201.24670.5
Long Beach Mortgage Loan Trust08/25/20352.64450.5
U.S. Treasury Inflation Indexed Bonds04/15/20293.94230.4
Petrobras Global Finance BV01/27/20255.34210.4
Venture Xvi CLO Ltd.01/15/20282.64000.4
Australia Government Bond09/20/20253.03900.4
Italy Buoni Poliennali del Tesoro05/15/20230.13430.4
Citigroup Mortgage Loan Trust Inc.08/25/20352.43250.3
Canadian Government RRB Bonds12/01/20264.23110.3
Aercap Ireland Capital Ltd.10/30/20204.63090.3
Argentine Republic Government International Bond01/26/20276.93060.3
U.S. Treasury Inflation Indexed Bonds02/15/20402.13040.3
U.S. Treasury Notes02/15/20242.83020.3
UBS AG06/08/20202.63010.3
Ally Financial Inc.05/21/20183.63000.3
UBS AG MTN12/07/20182.43000.3
U.K. Treasury Bill04/20/20180.02810.3
Japan Treasury Discount Bill05/21/20180.02650.3
Long Beach Mortgage Loan Trust01/25/20362.22640.3
French Republic Government Bond Oat03/01/20250.12560.3
Jmp Credit Advisors CLO Iiir Ltd.01/17/20282.62500.3
Venture Xii CLO Ltd.02/28/20262.82500.3
Bundesobligation04/13/20180.22460.3
Petrobras Global Finance BV01/17/20277.42170.2
Federal Home Loan Mortgage Corp. REMIC12/15/20372.42120.2
Mountain View CLO X Ltd.10/13/20272.62000.2
U.S. Treasury Inflation Indexed Bonds04/15/20220.11990.2
Boston Scientific Corp.05/15/20202.91990.2
Argentina Pom Politica Monetaria06/21/202027.81980.2
Toronto Dominion Bank03/15/20212.21960.2
Soundview Home Loan Trust05/25/20362.21910.2
WhiteHorse VI Ltd02/03/20253.01790.2
U.K. Gilt12/07/20274.21770.2
Navient Student Loan Trust03/25/20663.01700.2
Federal National Mortgage Association REMIC02/25/20412.61650.2
U.S. Treasury Inflation Indexed Bonds01/15/20281.81610.2
Nextera Energy Capital Holdings Inc.09/03/20192.41600.2
U.S. Treasury Inflation Indexed Bonds07/15/20220.11590.2
Mexican Bonos05/29/20317.81340.1
Italy Buoni Poliennali del Tesoro05/15/20180.21230.1
U.S. Treasury Inflation Indexed Bonds02/15/20430.61220.1
U.K. Gilt Inflation Linked11/22/20650.11210.1
U.S. Treasury Inflation Indexed Bonds01/15/20270.41200.1
MASTR Asset Backed Securities Trust06/25/20362.11140.1
GSAMP Trust10/25/20343.51130.1
Navient Corp. MTN01/15/20195.51010.1
AT&T Inc.02/14/20505.21010.1
Ally Financial Inc.09/10/20184.81010.1
AT&T Inc.01/15/20202.41000.1
Ally Financial Inc.01/27/20193.51000.1
BAT Capital Corp08/14/20202.41000.1
Sempra Energy03/15/20212.61000.1
American Honda Finance Corp. MTN11/05/20212.11000.1
Enbridge Inc.01/10/20202.11000.1
ING Bank NV MTN12/05/20222.6980.1
Goldman Sachs Group Inc.10/31/20222.9980.1
Morgan Stanley Mortgage Loan Trust06/25/20363.3970.1
eBay Inc.01/30/20232.8970.1
Argentine Republic Government International Bond01/11/20285.9940.1
Countrywide Asset-Backed Certificates03/25/20372.1910.1
Volt Lxii LLC09/25/20473.1880.1
Italy Buoni Ordinari del Tesoro Bot05/14/20180.0760.1
Saxon Asset Securities Trust06/25/20334.0700.1
Federal National Mortgage Association REMIC07/25/20372.3620.1
Morgan Stanley ABS Capital I Inc. Trust10/25/20361.9620.1
Bank of America Corp.12/31/20495.9600.1
Alliance Bancorp Trust07/25/20372.1590.1
Morgan Stanley Mortgage Loan Trust11/25/20365.9580.1
Cyprus Government International Bond MTN11/04/20254.2580.1
Cyprus Government International Bond MTN05/06/20223.9550.1
U.S. Treasury Inflation Indexed Bonds02/15/20461.0530.1
Bear Stearns Adjustable Rate Mortgage Trust02/25/20363.5480.1
Spain Government Bond04/30/20180.2470.0
French Republic Government Bond OAT07/25/20240.2420.0
Cyprus Government International Bond MTN07/26/20233.8410.0
Federal National Mortgage Association REMIC07/25/20372.3360.0
Federal National Mortgage Association REMIC05/25/20362.3310.0
Argentina Treasury Bill09/14/20180.0290.0
Residential Asset Securitization Trust01/25/20462.3260.0
Bear Stearns Adjustable Rate Mortgage Trust07/25/20363.7250.0
Fremont Home Loan Trust10/25/20362.0230.0
Argentina Bonar Bonds04/03/202224.9210.0
Washington Mutual Mortgage Pass Through Certificates Trust09/25/20333.4200.0
Countrywide Home Loan Mortgage Pass Through Trust04/20/20353.5200.0
Cyprus Government International Bond MTN06/07/20242.8130.0
U.K. Gilt Inflation Linked11/22/20560.1110.0
Japan Treasury Discount Bill05/07/20180.090.0
First Horizon Alternative Mortgage Securities Trust02/25/20376.090.0
Japan Treasury Discount Bill04/23/20180.070.0
Argentina Treasury Bill04/13/20180.050.0
Total140,637147.2
Cash and Other Assets Less Liabilities-47.2
Total Net Assets100%

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

As of Quarter Ended 03/31/2018
Economic SectorHarbor Real Return Fund %
U.S. Government Obligations109.6
Foreign Government Obligations14.1
Mortgage Pass-through13.4
Corporate Bonds & Notes5.7
Asset-backed Securities3.1
Collateralized Mortgage Obligations1.6

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.