Harbor International Fund Investor Class (HIINX)

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

Harbor International FundMSCI EAFE (ND) Index
Number of Holdings70926
Weighted Avg. Market Cap ($Mil)71,228.3560,586.16
Median Market Cap ($Mil)33,073.6111,340.99
Price/Book Ratio2.481.92
Adj. Trailing P/E Ratio22.2616.56
Forecasted P/E Ratio20.1413.81
Earnings Growth Rate (%)13.5710.11
Proj. Earnings Growth Rate (%)16.4011.66
Return on Equity (%)11.1411.40
Turnover (unannualized % since 10/31)5-
Beta vs. Fund Benchmark1.01-

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
Las Vegas Sands Corp. [LVS]5.4
Schlumberger Ltd. [SLB]4.4
Vivendi SA [VIV]3.4
Fanuc Corp. [6954]3.3
Wynn Resorts Ltd. [WYNN]3.1
Alibaba Group Holding Ltd. ADR [BABA]2.9
Reckitt Benckiser Group plc [RB/]2.4
Bayer AG [BAYN]2.4
ASML Holding NV [ASML]2.1
Shire plc [SHP]2.1
% of Total Holdings:31.5

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

Company Name [Ticker]CountryShares (000's)Current Price ($)Market Value ($000's)% of Net Assets
Las Vegas Sands Corp. [LVS]US20,11271.901,446,0265.4
Schlumberger Ltd. [SLB]US17,87364.781,157,7874.4
Vivendi SA [VIV]FR34,52425.93895,3653.4
Fanuc Corp. [6954]JP3,430257.35882,6673.3
Wynn Resorts Ltd. [WYNN]US4,586182.36836,3933.1
Alibaba Group Holding Ltd. ADR [BABA]CN4,269183.54783,5092.9
Reckitt Benckiser Group plc [RB/]GB7,71184.41650,8352.4
Bayer AG [BAYN]DE5,607112.73632,1162.4
ASML Holding NV [ASML]NL2,863198.29567,6212.1
Shire plc [SHP]GB11,22949.77558,8872.1
Pernod Ricard SA [RI]FR3,324166.51553,4212.1
Atlas Copco AB Class A [ATCOA]SE12,50043.43542,8962.0
Tokio Marine Holdings Inc. [8766]JP11,52345.34522,4902.0
Cie Generale des Etablissements Michelin [ML]FR3,519148.04520,9812.0
Heineken NV [HEIA]NL4,779107.55514,0301.9
Olympus Corp. [7733]JP13,41838.24513,1031.9
Anheuser-Busch InBev SA [ABI]BE4,467109.95491,1751.8
British American Tobacco plc [BATS]GB8,36457.81483,5011.8
Essilor International SA [EI]FR3,582134.90483,1541.8
Rolls-Royce Holdings plc [RR/]GB39,17812.23478,9961.8
Schneider Electric SE [SU]FR5,33288.06469,5831.8
Novartis AG [NOVN]CH5,74380.88464,5391.7
Diageo plc [DGE]GB13,46433.82455,3531.7
Hoya Corp. [7741]JP8,71550.51440,2151.7
L'Oreal SA [OR]FR1,937225.86437,4771.6
Novo Nordisk AS [NOVOB]DK8,34149.19410,2761.5
Bancolombia SA ADR [CIB]CO9,76342.02410,2291.5
Linde AG [LINU]DE1,922211.31406,1181.5
Teva Pharmaceutical Industries Ltd. ADR [TEVA]IL22,89317.09391,2401.5
CIE Financiere Richemont SA [CFR]CH4,22389.86379,4961.4
SAP SE [SAP]DE3,601104.98378,0201.4
Telecom Italia SpA [TIT]IT388,1420.95368,5381.4
AXA SA [CS]FR13,46526.58357,9421.3
Banco Bilbao Vizcaya Argentaria SA [BBVA]ES45,1677.92357,7021.3
UBS Group AG [A12DFH]CH20,23117.62356,4421.3
Fresenius Se & Co. KGAA [FRE]DE4,61676.46352,9581.3
Deutsche Boerse AG [DB1]DE2,487136.70340,0161.3
Nestlé SA [NESN]CH4,08679.04322,9281.2
Allianz SE [ALV]DE1,402226.06316,9421.2
Standard Chartered plc [STAN]GB29,91910.02299,8621.1
Cementos Argos SA [CEMARGOS]CO85,1533.47295,3151.1
BP plc [BP/]GB42,7196.75288,1451.1
Grupo de Inversiones Suramericana SA [GRUPOSURA]CO20,17013.34269,1141.0
LafargeHolcim Ltd. [LHN]CH4,47554.79245,2030.9
Statoil ASA [STL]NO10,25523.67242,7070.9
Fibra Uno Administracion SA de CV [FUNO 11]MX156,6791.51236,1390.9
Weir Group plc [WEIR]GB7,97728.03223,5940.8
Japan Tobacco Inc. [2914]JP7,42028.57211,9670.8
Investor AB [INVE B_SEK]SE4,60744.42204,6760.8
Dentsu Inc. [4324]JP4,39744.19194,3020.7
SMC Corp. [6273]JP438406.80178,0220.7
Unibail-Rodamco SE [UL]FR742228.42169,5760.6
Grupo Argos SA [GRUPOARG]CO24,4656.74164,7910.6
Grupo Televisa SAB ADR [TV]MX10,05715.96160,5060.6
Bawag Group AG [BG]AT2,82554.95155,2130.6
Convatec Group plc [CTECGBX]GB51,6402.79144,0730.5
Liberty Global plc Class A [LBTYA]GB4,45531.31139,4950.5
Sony Corp. [6758]JP2,77849.20136,6590.5
Liberty Global plc Class C [LBTYK]GB4,07530.43123,9940.5
Grupo Aval Acciones y Valores SA ADR [AVAL]CO14,8288.31123,2180.5
JCDecaux SA [DEC]FR3,43634.78119,4840.4
Telecom Italia RSP [TITR]IT116,6700.8397,1360.4
Grupo Argos SA [PFGRUPOA]CO12,4905.8773,3110.3
AMBEV SA ADR [ABEV]BR8,8007.2763,9750.2
AMBEV SA [ABEV3]BR8,7617.2963,8740.2
Sapporo Holdings Ltd. [2501]JP2,16029.2763,2040.2
Grupo de Inversiones Suramericana SA [PFGRUPSU]CO4,58212.7458,3760.2
Liberty Latin America Ltd. Class C [LILAK]BM68219.0913,0190.0
Liberty Latin America Ltd. Class A [LILA]BM57719.4511,2140.0
Genting Bhd [GENTING-WA]MY30,6340.257,8010.0
Total25,708,93295.8
Cash and Other Assets Less Liabilities4.2
Total Net Assets100%

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

As of Quarter Ended 03/31/2018
Economic SectorHarbor International Fund %MSCI EAFE (ND) Index %
Consumer Discretionary18.712.6
Consumer Staples16.211.1
Financials14.221.1
Health Care14.19.5
Industrials10.414.6
Materials6.88.6
Information Technology6.56.5
Energy6.35.3
Telecommunication Services1.73.8
Real Estate1.53.5
Utilities0.03.3

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

As of Quarter Ended 03/31/2018
Sector ReturnsHarbor International Fund %MSCI EAFE (ND) Index %
Telecommunication Services10.9-4.2
Information Technology5.20.5
Industrials2.6-1.6
Cash1.30.0
Consumer Discretionary0.60.5
Utilities0.01.5
Energy-0.4-1.9
Financials-1.1-2.1
Real Estate-3.1-1.6
Health Care-3.40.1
Consumer Staples-3.5-3.0
Materials-8.6-4.4

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

As of Quarter Ended 03/31/2018
CountryHarbor International Fund %MSCI EAFE (ND) Index %
France15.110.9
United Kingdom14.517.8
United States12.90.0
Japan11.824.5
Germany9.19.7
Switzerland6.67.8
Colombia5.20.0
Netherlands4.13.7
China2.90.0
Sweden2.82.7
Other15.022.9

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 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.