Harbor Global Leaders Fund Administrative Class (HRGAX)

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

Harbor Global Leaders FundMSCI All Country World (ND) Index
Number of Holdings372,499
Weighted Avg. Market Cap ($Mil)115,311.36131,589.55
Median Market Cap ($Mil)42,219.1811,258.64
Price/Book Ratio6.142.98
Adj. Trailing P/E Ratio30.3320.73
Forecasted P/E Ratio24.3717.46
Earnings Growth Rate (%)17.058.43
Proj. Earnings Growth Rate (%)15.2213.51
Return on Equity (%)21.9213.52
Turnover (unannualized % since 10/31)4-
Beta vs. Fund Benchmark0.96-

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
VISA Inc. [V]4.8
TransDigm Group Inc. [TDG]4.2
Alimentation Couche-Tard Inc. [ATD.B]4.2
HDFC Bank Ltd. ADR [HDB]4.2
Alibaba Group Holding Ltd. ADR [BABA]3.8
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]3.5
Zoetis Inc. [ZTS]3.5
American Tower Corp. [AMT]3.5
Safran SA [SAF]3.5
Starbucks Corp. [SBUX]3.5
% of Total Holdings:38.7

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
VISA Inc. [V]US20114.022,3334.8
TransDigm Group Inc. [TDG]US8274.622,0614.2
Alimentation Couche-Tard Inc. [ATD.B]CA3952.182,0284.2
HDFC Bank Ltd. ADR [HDB]IN20101.672,0164.2
Alibaba Group Holding Ltd. ADR [BABA]CN11172.431,8453.8
Taiwan Semiconductor Manufacturing Co. Ltd. ADR [TSM]TW4339.651,7183.5
Zoetis Inc. [ZTS]US2472.041,7113.5
American Tower Corp. [AMT]US12142.671,6943.5
Safran SA [SAF]FR16103.151,6923.5
Starbucks Corp. [SBUX]US2957.431,6913.5
Intercontinental Exchange Inc. [ICE]US2170.561,5053.1
Alphabet Inc. Class A [GOOGL]US11053.401,4593.0
Adobe Systems Inc. [ADBE]US8175.241,4443.0
Recruit Holdings Co. Ltd. [6098]JP5824.831,4363.0
Keyence Corp. [6861]JP3558.631,3992.9
Fresenius Medical Care AG & Co. KGAA [FME]DE13105.011,3522.8
Verisk Analytics Inc. [VRSK]US1396.001,2532.6
Dollar General Corp. [DG]US1393.011,2112.5
Priceline Group Inc. [PCLN]US11737.741,1732.4
Essilor International SA [EI]FR8137.741,1672.4
Ross Stores Inc. [ROST]US1480.251,1462.4
Fomento Economico Mexicano SAB de CV ADR [FMX]MX1293.901,1362.3
Sands China Ltd. [1928]CN2105.151,0812.2
Nike Inc. [NKE]US1762.551,0662.2
Moody's Corp. [MCO]US7147.611,0332.1
LVMH Moet Hennessy Louis Vuitton SE [MC]FR3293.511,0232.1
Dassault Systemes SE [DSY]FR10106.181,0212.1
Union Pacific Corp. [UNP]US7134.109682.0
Allergan plc [AGN]US6163.589101.9
Don Quijote Holdings Co. Ltd. [7532]JP1652.138581.8
Celgene Corp. [CELG]US8104.368481.7
Industria de Diseno Textil SA [ITX]ES2434.778401.7
Intuit Inc. [INTU]US5157.787341.5
Rightmove plc [RMV]GB1260.697241.5
Salesforce.com Inc. [CRM]US7102.237231.5
Live Nation Entertainment Inc. [LYV]US1442.575761.2
Total46,87596.6
Cash and Other Assets Less Liabilities3.4
Total Net Assets100%

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

As of Quarter Ended 12/31/2017
Economic SectorHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Information Technology27.618.1
Consumer Discretionary22.012.0
Industrials15.310.9
Health Care12.310.7
Financials9.418.7
Consumer Staples6.58.8
Real Estate3.53.1
Energy0.06.4
Telecommunication Services0.03.0
Materials0.05.5
Utilities0.02.9

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

As of Quarter Ended 12/31/2017
Sector ReturnsHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
Consumer Discretionary8.97.8
Consumer Staples8.86.0
Information Technology8.58.2
Industrials7.65.3
Real Estate4.94.4
Financials4.76.1
Cash0.10.0
Energy0.07.0
Materials0.08.0
Telecommunication Services0.02.2
Utilities0.0-0.1
Health Care-1.91.3

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

As of Quarter Ended 12/31/2017
CountryHarbor Global Leaders Fund %MSCI All Country World (ND) Index %
United States52.752.1
France10.13.5
Japan7.67.9
China6.03.5
Canada4.23.1
India4.21.0
Taiwan3.51.3
Germany2.83.2
Mexico2.30.3
Spain1.71.1
Other4.923.0

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 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.