Harbor Global Leaders Fund Administrative Class (HRGAX)

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

Harbor Global Leaders FundMSCI All Country World (ND) Index
Number of Holdings372,495
Weighted Avg. Market Cap ($Mil)103,430.68131,934.73
Median Market Cap ($Mil)43,275.7811,007.98
Price/Book Ratio7.082.85
Adj. Trailing P/E Ratio27.8118.70
Forecasted P/E Ratio24.0415.69
Earnings Growth Rate (%)17.8211.00
Proj. Earnings Growth Rate (%)15.7513.31
Return on Equity (%)21.9214.06
Turnover (unannualized % since 10/31)10-
Beta vs. Fund Benchmark0.96-

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
VISA Inc. [V]4.9
TransDigm Group Inc. [TDG]4.1
Safran SA [SAF]4.0
Recruit Holdings Co. Ltd. [6098]4.0
Alibaba Group Holding Ltd. ADR [BABA]3.9
HDFC Bank Ltd. ADR [HDB]3.9
Zoetis Inc. [ZTS]3.6
Adobe Systems Inc. [ADBE]3.5
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]3.5
Alimentation Couche-Tard Inc. [ATD.B]3.5
% of Total Holdings:38.9

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
VISA Inc. [V]US21119.622,4964.9
TransDigm Group Inc. [TDG]US7306.942,0754.1
Safran SA [SAF]FR19106.132,0434.0
Recruit Holdings Co. Ltd. [6098]JP8125.062,0314.0
Alibaba Group Holding Ltd. ADR [BABA]CN11183.542,0053.9
HDFC Bank Ltd. ADR [HDB]IN2098.771,9983.9
Zoetis Inc. [ZTS]US2283.511,8233.6
Adobe Systems Inc. [ADBE]US8216.081,8133.5
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW4143.761,7813.5
Alimentation Couche-Tard Inc. [ATD.B]CA4044.761,7763.5
Starbucks Corp. [SBUX]US3057.891,7443.4
Keyence Corp. [6861]JP3624.661,5803.1
Intercontinental Exchange Inc. [ICE]US2272.521,5773.1
Salesforce.com Inc. [CRM]US14116.301,5703.1
Alphabet Inc. Class A [GOOGL]US11037.141,4572.8
Booking Holdings Inc. [BKNG]US12080.391,4352.8
Verisk Analytics Inc. [VRSK]US13104.001,3882.7
American Tower Corp. [AMT]US10145.341,3882.7
Fresenius Medical Care AG & Co. KGAA [FME]DE13102.131,3462.6
Dassault Systemes SE [DSY]FR10135.991,3422.6
Dollar General Corp. [DG]US1393.551,2472.4
Essilor International SA [EI]FR9134.901,1672.3
Sands China Ltd. [1928]CN2145.431,1652.3
Nike Inc. [NKE]US1766.441,1562.3
Ross Stores Inc. [ROST]US1577.981,1392.2
Fomento Economico Mexicano SAB de CV ADR [FMX]MX1291.431,1312.2
Aptiv plc [APTV]JE1384.971,1002.1
Union Pacific Corp. [UNP]US7134.439901.9
Don Quijote Holdings Co. Ltd. [7532]JP1757.319601.9
Allergan plc [AGN]US6168.299581.9
Intuit Inc. [INTU]US5173.358231.6
Industria de Diseno Textil SA [ITX]ES2531.447741.5
Rightmove plc [RMV]GB1261.047451.5
Celgene Corp. [CELG]US889.217401.4
Moody's Corp. [MCO]US4161.307181.4
Temenos Group AG [TEMN]CH6119.917011.4
Live Nation Entertainment Inc. [LYV]US1442.145841.1
Total50,76699.2
Cash and Other Assets Less Liabilities0.8
Total Net Assets100%

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

As of Quarter Ended 03/31/2018
Economic SectorHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology31.818.8
Consumer Discretionary22.112.3
Industrials16.610.8
Health Care11.810.6
Financials8.418.7
Consumer Staples5.78.4
Real Estate2.73.0
Utilities0.02.9
Energy0.06.2
Telecommunication Services0.02.9
Materials0.05.4

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

As of Quarter Ended 03/31/2018
Sector ReturnsHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology8.93.1
Industrials5.1-1.6
Consumer Discretionary2.91.0
Financials2.2-0.9
Real Estate1.9-3.6
Health Care1.8-0.8
Cash0.40.0
Energy0.0-3.6
Materials0.0-3.8
Telecommunication Services0.0-5.4
Utilities0.0-1.0
Consumer Staples-10.2-4.8

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

As of Quarter Ended 03/31/2018
CountryHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
United States52.952.2
Japan8.98.0
France8.93.6
China6.23.7
India3.91.0
Taiwan3.51.4
Canada3.52.9
Germany2.63.2
Mexico2.20.4
Jersey2.10.0
Other5.323.6

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.

All holdings-related data except for Number of Holdings, Turnover, Beta vs Fund Benchmark, Top Holdings, Sector Allocation (for the Portfolio) and Country Allocation (for the Portfolio) is provided by FactSet, and is as of 03/29/2018.

The MSCI AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.