Harbor International Fund Investor Class (HIINX)

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

Harbor International FundMSCI EAFE (ND) Index
Number of Holdings74928
Weighted Avg. Market Cap ($Mil)70,812.9264,108.22
Median Market Cap ($Mil)33,707.9111,704.90
Price/Book Ratio2.742.11
Adj. Trailing P/E Ratio25.2318.58
Forecasted P/E Ratio21.7815.74
Earnings Growth Rate (%)5.705.29
Proj. Earnings Growth Rate (%)15.2712.99
Return on Equity (%)10.5510.92
Turnover (unannualized % since 10/31)1-
Beta vs. Fund Benchmark0.98-

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
Las Vegas Sands Corp. [LVS]7.0
Schlumberger Ltd. [SLB]4.1
Wynn Resorts Ltd. [WYNN]3.6
Vivendi SA [VIV]3.3
Alibaba Group Holding Ltd. ADR [BABA]3.2
Fanuc Corp. [6954]2.7
Bayer AG [BAYN]2.7
Reckitt Benckiser Group plc [RB/]2.4
Heineken NV [HEIA]2.3
Shire plc [SHP]2.2
% of Total Holdings:33.5

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US31,05069.492,157,6827.0
Schlumberger Ltd. [SLB]US18,60367.391,253,6314.1
Wynn Resorts Ltd. [WYNN]US6,650168.591,121,1963.6
Vivendi SA [VIV]FR37,78326.841,014,0743.3
Alibaba Group Holding Ltd. ADR [BABA]CN5,644172.43973,1653.2
Fanuc Corp. [6954]JP3,523239.90845,2252.7
Bayer AG [BAYN]DE6,649124.26826,1762.7
Reckitt Benckiser Group plc [RB.]GB7,81893.29729,3882.4
Heineken NV [HEIA]NL6,830104.25712,0512.3
Shire plc [SHP]GB13,24851.82686,5202.2
Atlas Copco AB Class A [ATCOA]SE15,11043.16652,0822.1
Pernod Ricard SA [RI]FR4,018158.15635,4092.1
Tokio Marine Holdings Inc. [8766]JP13,67645.48622,0392.0
Cie Generale des Etablissements Michelin [ML]FR4,173143.06596,9331.9
Diageo plc [DGE]GB16,27536.65596,5621.9
Essilor International SA [EI]FR4,329137.74596,3301.9
Novartis AG [NOVN]CH6,94384.15584,2431.9
ASML Holding NV [ASML]NL3,335173.86579,7721.9
Standard Chartered plc [STAN]GB52,81810.50554,6761.8
Schneider Electric SE [SU]FR6,44684.78546,4801.8
Novo Nordisk AS [NOVOB]DK10,08353.74541,8111.8
Olympus Corp. [7733]JP14,12638.25540,4091.8
Rolls-Royce Holdings plc [RR.]GB47,06911.41537,1861.7
Linde AG [LINU]DE2,239234.46524,9531.7
L'Oreal SA [OR]FR2,341221.58518,8001.7
Allianz SE [ALV]DE2,226228.85509,5211.7
Anheuser-Busch InBev SA [ABI]BE4,547111.64507,6711.6
Bancolombia SA ADR [CIB]CO12,63239.66500,9931.6
Unibail-Rodamco SE [UL]FR1,923251.65483,8721.6
AXA SA [CS]FR16,27629.63482,3231.6
SAP SE [SAP]DE4,195111.88469,2961.5
Hoya Corp. [7741]JP9,41049.80468,6351.5
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES54,5978.50463,9781.5
CIE Financiere Richemont SA [CFR]CH5,10590.57462,3351.5
Nestlé SA [NESN]CH5,36385.98461,0971.5
UBS Group AG [UBSG]CH25,05618.37460,3531.5
Fresenius Se & Co. KGAA [FRE]DE5,14877.77400,3381.3
Teva Pharmaceutical Industries Ltd. ADR [TEVA]IL21,04918.95398,8871.3
Cementos Argos SA [CEMARGOS]CO85,1533.86328,6911.1
LafargeHolcim Ltd. [LHN]CH5,33756.32300,6041.0
Deutsche Boerse AG [DB1]DE2,571115.75297,5881.0
Japan Tobacco Inc. [2914]JP9,13732.20294,2271.0
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO20,17013.50272,3570.9
Telecom Italia SpA [TIT]IT302,6810.86261,3940.8
Investor AB [INVE B_SEK]SE5,56945.61254,0050.8
Dentsu Inc. [4324]JP5,99242.28253,3540.8
Weir Group plc [WEIR]GB8,60028.61246,0180.8
Statoil ASA [STL]NO10,90321.41233,4200.8
Fibra Uno Administracion SA de CV [FUNO 11]MX156,6791.48231,8010.8
Bawag Group AG [BG]AT4,15753.35221,7790.7
SMC Corp. [6273]JP529410.38217,0590.7
JCDecaux SA [DEC]FR4,78240.22192,3420.6
Grupo Televisa SAB ADR [TV]MX10,27218.67191,7770.6
Liberty Global plc Class A [LBTYA]GB5,28835.84189,5140.6
Convatec Group plc [CTECGBX]GB62,4222.76172,1180.6
Grupo Argos SA [GRUPOARG]CO24,4957.00171,3760.6
Liberty Global plc Class C [LBTYK]GB4,83633.84163,6540.5
Grupo Aval Acciones y Valores SA ADR [AVAL]CO14,8488.50126,2050.4
Great Portland Estates plc [GPOR]GB9,7279.2890,2760.3
Barrick Gold Corp. [ABX]CA5,84714.4784,6070.3
Land Securities Group plc [LAND]GB6,11613.5983,0970.3
Grupo Argos SA [PFGRUPOA]CO12,4906.4380,2690.3
Sapporo Holdings Ltd. [2501]JP2,16030.6066,0830.2
Hermes International [RMS]FR123534.9765,9730.2
Telecom Italia RSP [TITR]IT92,0520.7165,2970.2
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO4,58213.0759,8720.2
AMBEV SA ADR [ABEV]BR8,8006.4656,8470.2
AMBEV SA [ABEV3]BR8,7616.4256,2320.2
MGM China Holdings Ltd. [2282]CN10,6543.0232,1510.1
Liberty Global plc LiLAC Class C [LILAK]GB70819.8914,0820.0
Liberty Global plc LiLAC Class A [LILA]GB59920.1512,0610.0
Genting Bhd [GENTING-WA]MY30,6340.3711,2030.0
Becle SAB de CV [CUERVO *]MX2,8931.614,6490.0
Rolls-Royce Holdings plcGB2,403,6090.003,2450.0
Total30,421,31998.8
Cash and Other Assets Less Liabilities1.2
Total Net Assets100%

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

As of Quarter Ended 12/31/2017
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Consumer Discretionary21.012.3
Financials15.621.2
Consumer Staples15.011.2
Health Care14.29.4
Industrials9.914.6
Materials7.58.9
Information Technology6.66.4
Energy4.85.3
Real Estate2.93.6
Telecommunication Services1.13.9
Utilities0.03.2

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

As of Quarter Ended 12/31/2017
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Industrials6.24.8
Consumer Discretionary5.45.4
Consumer Staples4.94.9
Health Care2.60.6
Information Technology1.15.0
Financials0.93.0
Real Estate0.56.3
Utilities0.0-0.9
Cash-0.00.0
Energy-0.910.1
Materials-2.47.0
Telecommunication Services-7.10.8

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

As of Quarter Ended 12/31/2017
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France16.610.7
United States14.70.0
United Kingdom13.218.4
Japan10.724.0
Germany9.89.8
Switzerland7.48.0
Colombia5.00.0
Netherlands4.23.6
China3.30.0
Sweden2.92.7
Other12.222.8

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 EAFE (ND) Index is an unmanaged index generally representative of major overseas stock markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.