Harbor Small Cap Growth Fund Investor Class (HISGX)

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

Harbor Small Cap Growth FundRussell 2000® Growth Index
Number of Holdings731,175
Weighted Avg. Market Cap ($Mil)4,183.752,639.78
Median Market Cap ($Mil)3,457.901,007.26
Price/Book Ratio4.334.55
Adj. Trailing P/E Ratio26.9124.24
Forecasted P/E Ratio21.9321.93
Earnings Growth Rate (%)15.0911.36
Proj. Earnings Growth Rate (%)16.4415.84
Return on Equity (%)8.0711.31
Turnover (unannualized % since 10/31)12-
Beta vs. Fund Benchmark0.95-

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
Nektar Therapeutics [NKTR]3.0
Installed Building Products Inc. [IBP]2.7
John Bean Technologies Corp. [JBT]2.6
Icon plc [ICLR]2.3
Berry Global Group Inc. [BERY]2.3
Ryder System Inc. [R]2.0
Integra LifeSciences Holdings Corp. [IART]2.0
BMC Stock Holdings Inc. [BMCH]1.9
Eldorado Resorts Inc. [ERI]1.9
Masimo Corp. [MASI]1.9
% of Total Holdings:22.6

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Nektar Therapeutics [NKTR]US37059.7222,0823.0
Installed Building Products Inc. [IBP]US25975.9519,6442.7
John Bean Technologies Corp. [JBT]US174110.8019,2772.6
Icon plc [ICLR]IE155112.1517,3482.3
Berry Global Group Inc. [BERY]US29258.6717,1102.3
Ryder System Inc. [R]US17484.1714,6442.0
Integra LifeSciences Holdings Corp. [IART]US30247.8614,4642.0
BMC Stock Holdings Inc. [BMCH]US56525.3014,2841.9
Eldorado Resorts Inc. [ERI]US42633.1514,1221.9
Masimo Corp. [MASI]US16684.8014,0681.9
Rsp Permian Inc. [RSPP]US34240.6813,9091.9
Klx Inc. [KLXI]US19568.2513,3191.8
Milacron Holdings Corp. [MCRN]US68619.1413,1301.8
Lions Gate Entertainment Corp. Class B [LGF.B]CA40831.7412,9481.8
Rush Enterprises Inc. [RUSHA]US24950.8112,6671.7
Proofpoint Inc. [PFPT]US14288.8112,5771.7
Interxion Holding NV [INXN]NL20658.9312,1601.6
Trinseo SA [TSE]LU16472.6011,9311.6
Univar Inc. [UNVR]US38230.9611,8141.6
CoStar Group Inc. [CSGP]US39296.9511,7021.6
Summit Materials Inc. [SUM]US36531.4411,4811.6
Axalta Coating Systems Ltd. [AXTA]BM35432.3611,4521.5
Acceleron Pharma Inc. [XLRN]US26642.4411,3071.5
Nexstar Media Group Inc. [NXST]US14378.2011,1721.5
Cantel Medical Corp. [CMN]US108102.8711,1421.5
Omnicell Inc. [OMCL]US23048.5011,1401.5
Zendesk Inc. [ZEN]US32833.8411,1011.5
Madison Square Garden Co. [MSG]US52210.8510,9261.5
Orbotech Ltd. [ORBK]IL20850.2410,4611.4
H.B. Fuller Co. [FUL]US19253.8710,3451.4
Pacira Pharmaceuticals Inc. [PCRX]US22545.6510,2651.4
Bank of NT Butterfield & Son Ltd. [NTB]BM26736.299,6801.3
Wright Medical Group NV [WMGI]NL43622.209,6731.3
WNS Holdings Ltd. ADR [WNS]JE24040.139,6171.3
Ultimate Software Group Inc. [ULTI]US43218.239,3801.3
Wageworks Inc. [WAGE]US15162.009,3781.3
Cavium Inc. [CAVM]US11183.839,2881.3
Tableau Software Inc. [DATA]US13469.209,2611.3
Camden Property Trust [CPT]US9992.069,0831.2
Pinnacle Financial Partners Inc. [PNFP]US13766.309,0591.2
Fortinet Inc. [FTNT]US20343.698,8661.2
MGIC Investment Corp. [MTG]US62814.118,8571.2
Mercury Systems Inc. [MRCY]US17151.358,7741.2
Avexis Inc. [AVXS]US78110.678,6801.2
Commvault Systems Inc. [CVLT]US16352.508,5461.2
Pacific Premier Bancorp Inc. [PPBI]US21140.008,4411.1
Nice Ltd. ADR [NICE]IL9091.918,2961.1
Bright Horizons Family Solutions Inc. [BFAM]US8894.008,2951.1
Microsemi Corp. [MSCC]US15551.658,0061.1
Watsco Inc. [WSO]US47170.047,9131.1
Integrated Device Technology Inc. [IDTI]US26129.737,7731.1
Wex Inc. [WEX]US54141.237,5881.0
Bottomline Technologies de Inc. [EPAY]US21734.687,5231.0
Flowserve Corp. [FLS]US17842.137,5001.0
SLM Corp. [SLM]US64711.307,3151.0
Ciena Corp. [CIEN]US33220.936,9440.9
KapStone Paper and Packaging Corp. [KS]US30522.696,9210.9
Vail Resorts Inc. [MTN]US32212.476,8980.9
Medicines Co. [MDCO]US25027.346,8420.9
Clovis Oncology Inc. [CLVS]US10068.006,8150.9
Monolithic Power Systems Inc. [MPWR]US57112.366,4340.9
Aclaris Therapeutics Inc. [ACRS]US25924.666,3930.9
Prothena Corp. plc [PRTA]IE16437.496,1610.8
National Vision Holdings Inc. [EYE]US13740.615,5490.8
Santander Consumer USA Holdings Inc. [SC]US29318.625,4570.7
BroadSoft Inc. [BSFT]US9854.905,4000.7
Lithia Motors Inc. [LAD]US47113.595,3040.7
Chegg Inc. [CHGG]US28816.324,7040.6
Resolute Energy Corp. [REN]US14131.474,4370.6
Matson Inc. [MATX]US14329.844,2540.6
Ultra Clean Holdings Inc. [UCTT]US16923.093,9100.5
Novocure Ltd. [NVCR]JE17520.203,5330.5
Cardiome Pharma Corp. [CRME]CA1,6671.552,5830.3
Total719,32397.2
Cash and Other Assets Less Liabilities2.8
Total Net Assets100%

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

As of Quarter Ended 12/31/2017
Economic SectorHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Information Technology23.723.8
Health Care22.023.8
Industrials18.518.4
Consumer Discretionary13.514.0
Materials9.44.6
Financials6.66.1
Energy2.51.4
Real Estate1.23.3
Telecommunication Services0.01.0
Utilities0.00.8
Consumer Staples0.02.8

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

As of Quarter Ended 12/31/2017
Sector ReturnsHarbor Small Cap Growth Fund %Russell 2000® Growth Index %
Energy17.69.1
Consumer Discretionary11.18.4
Industrials9.37.6
Information Technology8.51.3
Health Care5.03.3
Real Estate4.81.8
Financials4.75.9
Materials1.43.9
Cash0.30.0
Consumer Staples0.08.5
Utilities0.06.1
Telecommunication Services-4.4-1.6

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.

The Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Frank Russell Company.