Quarterly Portfolios of Investments
Harbor Funds
July 31, 2023
|
Harbor Capital Appreciation Fund
|
Harbor Convertible Securities Fund
|
Harbor Core Bond Fund
|
Harbor Core Plus Fund
|
Harbor Disruptive Innovation Fund
|
Harbor Diversified International All Cap Fund
|
Harbor Global Leaders Fund
|
Harbor International Fund
|
Harbor International Core Fund
|
Harbor International Growth Fund
|
Harbor International Small Cap Fund
|
Harbor Large Cap Value Fund
|
Harbor Mid Cap Fund
|
Harbor Mid Cap Value Fund
|
Harbor Small Cap Growth Fund
|
Harbor Small Cap Value Fund
|
Table of Contents
Portfolios of Investments
|
|
Harbor Capital Appreciation Fund
|
|
Harbor Convertible Securities Fund
|
|
Harbor Core Bond Fund
|
|
Harbor Core Plus Fund
|
|
Harbor Disruptive Innovation Fund
|
|
Harbor Diversified International All Cap Fund
|
|
Harbor Global Leaders Fund
|
|
Harbor International Fund
|
|
Harbor International Core Fund
|
|
Harbor International Growth Fund
|
|
Harbor International Small Cap Fund
|
|
Harbor Large Cap Value Fund
|
|
Harbor Mid Cap Fund
|
|
Harbor Mid Cap Value Fund
|
|
Harbor Small Cap Growth Fund
|
|
Harbor Small Cap Value Fund
|
|
Notes to Portfolios of Investments
|
57
|
Harbor Capital Appreciation Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—99.3%
|
||
Shares
|
|
Value
|
AUTOMOBILE COMPONENTS—0.2%
|
||
1,690,520
|
Mobileye Global, Inc. Class A (Israel)*
|
$64,544
|
AUTOMOBILES—4.9%
|
||
4,745,743
|
Tesla, Inc. *
|
1,269,154
|
BIOTECHNOLOGY—1.3%
|
||
147,073
|
Argenx SE ADR (Netherlands)*,1
|
74,195
|
716,125
|
Vertex Pharmaceuticals, Inc. *
|
252,320
|
|
|
326,515
|
BROADLINE RETAIL—7.5%
|
||
11,369,106
|
Amazon.com, Inc. *
|
1,519,822
|
340,157
|
MercadoLibre, Inc. (Brazil)*
|
421,131
|
|
|
1,940,953
|
CAPITAL MARKETS—1.9%
|
||
574,204
|
Goldman Sachs Group, Inc.
|
204,342
|
324,496
|
Moody’s Corp.
|
114,466
|
432,508
|
S&P Global, Inc.
|
170,629
|
|
|
489,437
|
CONSUMER FINANCE—0.4%
|
||
673,965
|
American Express Co.
|
113,819
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—2.0%
|
||
918,372
|
Costco Wholesale Corp.
|
514,904
|
ENTERTAINMENT—1.4%
|
||
830,172
|
Netflix, Inc. *
|
364,421
|
FINANCIAL SERVICES—6.5%
|
||
163,908
|
Adyen NV (Netherlands)*,2
|
304,216
|
1,538,381
|
Mastercard, Inc. Class A
|
606,553
|
3,206,887
|
Visa, Inc. Class A
|
762,373
|
|
|
1,673,142
|
GROUND TRANSPORTATION—2.3%
|
||
11,878,818
|
Uber Technologies, Inc. *
|
587,526
|
HEALTH CARE EQUIPMENT & SUPPLIES—1.9%
|
||
1,697,664
|
Dexcom, Inc. *
|
211,461
|
856,749
|
Intuitive Surgical, Inc. *
|
277,929
|
|
|
489,390
|
HEALTH CARE PROVIDERS & SERVICES—1.0%
|
||
501,301
|
UnitedHealth Group, Inc.
|
253,844
|
HOTELS, RESTAURANTS & LEISURE—2.5%
|
||
1,962,354
|
Airbnb, Inc. Class A*
|
298,650
|
77,260
|
Chipotle Mexican Grill, Inc. Class A*
|
151,606
|
914,359
|
Marriott International, Inc. Class A
|
184,527
|
|
|
634,783
|
INTERACTIVE MEDIA & SERVICES—8.9%
|
||
5,216,380
|
Alphabet, Inc. Class A*
|
692,318
|
5,201,978
|
Alphabet, Inc. Class C*
|
692,435
|
2,825,342
|
Meta Platforms, Inc. Class A*
|
900,154
|
|
|
2,284,907
|
IT SERVICES—2.1%
|
||
598,694
|
MongoDB, Inc. Class A*
|
253,487
|
1,589,274
|
Snowflake, Inc. Class A*
|
282,430
|
|
|
535,917
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MEDIA—0.7%
|
||
1,839,034
|
Trade Desk, Inc. Class A*
|
$167,830
|
PERSONAL CARE PRODUCTS—1.1%
|
||
624,105
|
L’Oreal SA (France)
|
290,277
|
PHARMACEUTICALS—6.3%
|
||
4,921,727
|
AstraZeneca PLC ADR (United Kingdom)1
|
352,888
|
1,718,728
|
Eli Lilly & Co.
|
781,248
|
2,964,077
|
Novo Nordisk AS ADR (Denmark)1
|
477,512
|
|
|
1,611,648
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—15.6%
|
||
6,566,607
|
Advanced Micro Devices, Inc. *
|
751,220
|
303,567
|
ASML Holding NV New York Registry Shares
(Netherlands)
|
217,479
|
685,664
|
Broadcom, Inc.
|
616,172
|
1,742,960
|
Micron Technology, Inc.
|
124,430
|
4,901,531
|
NVIDIA Corp.
|
2,290,436
|
|
|
3,999,737
|
SOFTWARE—14.4%
|
||
901,909
|
Adobe, Inc. *
|
492,595
|
1,065,800
|
Cadence Design Systems, Inc. *
|
249,408
|
1,227,471
|
CrowdStrike Holdings, Inc. Class A*
|
198,433
|
5,791,989
|
Microsoft Corp.
|
1,945,645
|
2,349,566
|
Salesforce, Inc. *
|
528,676
|
474,391
|
ServiceNow, Inc. *
|
276,570
|
|
|
3,691,327
|
SPECIALIZED REITS—0.9%
|
||
1,267,101
|
American Tower Corp.
|
241,142
|
SPECIALTY RETAIL—3.4%
|
||
722,214
|
Home Depot, Inc.
|
241,104
|
267,245
|
O’Reilly Automotive, Inc. *
|
247,413
|
3,053,397
|
TJX Cos., Inc.
|
264,210
|
278,558
|
Ulta Beauty, Inc. *
|
123,903
|
|
|
876,630
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—7.2%
|
||
9,403,136
|
Apple, Inc.
|
1,847,246
|
TEXTILES, APPAREL & LUXURY GOODS—4.9%
|
||
1,113,764
|
Lululemon Athletica, Inc. *
|
421,593
|
638,516
|
LVMH Moet Hennessy Louis Vuitton SE (France)
|
593,033
|
2,113,723
|
NIKE, Inc. Class B
|
233,334
|
|
|
1,247,960
|
TOTAL COMMON STOCKS
(Cost $12,089,703)
|
25,517,053
|
PREFERRED STOCKS—0.6%
|
||
|
|
|
(Cost $103,947)
|
||
AUTOMOBILES—0.6%
|
||
1,285,488
|
Dr Ing hc F Porsche AG (Germany)2
|
157,193
|
TOTAL INVESTMENTS—99.9%
(Cost $12,193,650)
|
25,674,246
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.1%
|
37,905
|
|
TOTAL NET ASSETS—100%
|
$25,712,151
|
⬤
1
Harbor Capital Appreciation Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS
As of July 31, 2023, the investments in Adyen NV, Dr. Ing. h.c.F. Porsche AG, L’Oreal SA, and LVMH Moet Hennessy Loius Vuitton SE (as disclosed in the preceding Portfolio of Investments) were classified as Level 2 and all other investments were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
2
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $461,409 or 2% of net assets.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
2
Harbor Convertible Securities Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Principal Amounts, Value and Cost in Thousands
Convertible Bonds—87.7%
|
||
Principal
Amount
|
|
Value
|
Automobiles—1.7%
|
||
$200
|
Fisker, Inc.
2.500%—09/15/20261
|
$108
|
100
|
Ford Motor Co.
0.000%—03/15/20262
|
103
|
200
|
Rivian Automotive, Inc.
4.625%—03/15/20291
|
323
|
|
|
534
|
Biotechnology—1.3%
|
||
100
|
Bridgebio Pharma, Inc.
2.500%—03/15/2027
|
111
|
100
|
Insmed, Inc.
0.750%—06/01/2028
|
87
|
200
|
Ionis Pharmaceuticals, Inc.
0.000%—04/01/20262
|
188
|
|
|
386
|
Commercial Services & Supplies—3.1%
|
||
400
|
Block, Inc.
0.250%—11/01/2027
|
315
|
300
|
Marathon Digital Holdings, Inc.
1.000%—12/01/2026
|
191
|
300
|
Shift4 Payments, Inc.
0.500%—08/01/2027
|
268
|
200
|
Stride, Inc.
1.125%—09/01/2027
|
195
|
|
|
969
|
Construction & Engineering—0.9%
|
||
200
|
Granite Construction, Inc.
2.750%—11/01/2024
|
274
|
Diversified REITs—2.3%
|
||
300
|
Ventas Realty LP
3.750%—06/01/20261
|
310
|
400
|
Welltower OP LLC
2.750%—05/15/20281
|
408
|
|
|
718
|
Electric Utilities—2.3%
|
||
300
|
CMS Energy Corp.
3.375%—05/01/20281
|
300
|
100
|
NRG Energy, Inc.
2.750%—06/01/2048
|
107
|
200
|
Ormat Technologies, Inc.
2.500%—07/15/2027
|
216
|
100
|
Southern Co.
3.875%—12/15/20251
|
101
|
|
|
724
|
Electronic Equipment, Instruments & Components—2.5%
|
||
200
|
Itron, Inc.
0.000%—03/15/20262
|
182
|
200
|
PAR Technology Corp.
1.500%—10/15/2027
|
161
|
400
|
Vishay Intertechnology, Inc.
2.250%—06/15/2025
|
428
|
|
|
771
|
Energy Equipment & Services—1.5%
|
||
100
|
Array Technologies, Inc.
1.000%—12/01/2028
|
103
|
Convertible Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
Energy Equipment & Services—Continued
|
||
$100
|
Enphase Energy, Inc.
0.250%—03/01/2025
|
$193
|
200
|
Sunnova Energy International, Inc.
2.625%—02/15/20281
|
163
|
|
|
459
|
Entertainment—1.7%
|
||
100
|
Cinemark Holdings, Inc.
4.500%—08/15/2025
|
138
|
500
|
DraftKings Holdings, Inc.
0.000%—03/15/20282
|
389
|
|
|
527
|
Financial Services—5.8%
|
||
700
|
Coinbase Global, Inc.
0.500%—06/01/2026
|
539
|
400
|
EZCORP, Inc.
3.750%—12/15/20291
|
413
|
200
|
New Mountain Finance Corp.
7.500%—10/15/20251
|
203
|
300
|
SoFi Technologies, Inc.
0.000%—10/15/20261,2
|
257
|
500
|
Upstart Holdings, Inc.
0.250%—08/15/2026
|
371
|
|
|
1,783
|
Food Products—1.3%
|
||
200
|
Chefs' Warehouse, Inc.
2.375%—12/15/20281
|
212
|
200
|
Post Holdings, Inc.
2.500%—08/15/20271
|
200
|
|
|
412
|
Health Care Providers & Services—8.8%
|
||
400
|
Alphatec Holdings, Inc.
0.750%—08/01/2026
|
464
|
300
|
CONMED Corp.
2.250%—06/15/2027
|
316
|
|
Exact Sciences Corp.
|
|
300
|
0.375%—03/15/2027
|
330
|
400
|
0.375%—03/01/2028
|
417
|
|
|
747
|
400
|
Haemonetics Corp.
0.000%—03/01/20262
|
348
|
100
|
Insulet Corp.
0.375%—09/01/2026
|
133
|
100
|
Integer Holdings Corp.
2.125%—02/15/20281
|
122
|
100
|
Lantheus Holdings, Inc.
2.625%—12/15/20271
|
134
|
100
|
Teladoc Health, Inc.
1.250%—06/01/2027
|
81
|
300
|
TransMedics Group, Inc.
1.500%—06/01/20281
|
367
|
|
|
2,712
|
Hotels, Restaurants & Leisure—1.4%
|
||
200
|
Cheesecake Factory, Inc.
0.375%—06/15/2026
|
170
|
100
|
Cracker Barrel Old Country Store, Inc.
0.625%—06/15/2026
|
86
|
⬤
3
Harbor Convertible Securities Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Convertible Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
Hotels, Restaurants & Leisure—Continued
|
||
$200
|
Shake Shack, Inc.
0.000%—03/01/20282
|
$161
|
|
|
417
|
Internet & Catalog Retail—10.0%
|
||
600
|
Airbnb, Inc.
0.000%—03/15/20262
|
541
|
100
|
Booking Holdings, Inc.
0.750%—05/01/2025
|
162
|
|
Okta, Inc.
|
|
300
|
0.125%—09/01/2025
|
274
|
300
|
0.375%—06/15/2026
|
259
|
|
|
533
|
100
|
Opendoor Technologies, Inc.
0.250%—08/15/20261
|
72
|
300
|
Palo Alto Networks, Inc.
0.375%—06/01/2025
|
755
|
400
|
Snap, Inc.
0.000%—05/01/20272
|
302
|
|
Wayfair, Inc.
|
|
400
|
1.000%—08/15/2026
|
349
|
200
|
3.500%—11/15/20281
|
373
|
|
|
722
|
|
|
3,087
|
Leisure Products—5.3%
|
||
|
Carnival Corp.
|
|
100
|
5.750%—10/01/2024
|
198
|
200
|
5.750%—12/01/20271
|
333
|
|
|
531
|
200
|
Liberty TripAdvisor Holdings, Inc.
0.500%—06/30/20511
|
167
|
|
NCL Corp. Ltd.
|
|
200
|
1.125%—02/15/2027
|
188
|
300
|
2.500%—02/15/2027
|
289
|
|
|
477
|
200
|
Royal Caribbean Cruises Ltd.
6.000%—08/15/20251
|
460
|
|
|
1,635
|
Machinery—1.7%
|
||
200
|
Axon Enterprise, Inc.
0.500%—12/15/20271
|
207
|
100
|
Bloom Energy Corp.
3.000%—06/01/20281
|
120
|
200
|
John Bean Technologies Corp.
0.250%—05/15/2026
|
192
|
|
|
519
|
Media—3.4%
|
||
|
DISH Network Corp.
|
|
800
|
0.000%—12/15/20252
|
491
|
100
|
3.375%—08/15/2026
|
56
|
|
|
547
|
100
|
Liberty Broadband Corp.
3.125%—03/31/20531
|
102
|
200
|
Liberty Media Corp.
2.750%—12/01/20491
|
189
|
Convertible Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
Media—Continued
|
||
$200
|
Liberty Media Corp.-Liberty Formula One
2.250%—08/15/20271
|
$212
|
|
|
1,050
|
Metals & Mining—1.0%
|
||
100
|
ATI, Inc.
3.500%—06/15/2025
|
312
|
Oil, Gas & Consumable Fuels—3.0%
|
||
300
|
Helix Energy Solutions Group, Inc.
6.750%—02/15/2026
|
462
|
200
|
Northern Oil & Gas, Inc.
3.625%—04/15/20291
|
244
|
200
|
Oil States International, Inc.
4.750%—04/01/2026
|
217
|
|
|
923
|
Passenger Airlines—1.9%
|
||
200
|
American Airlines Group, Inc.
6.500%—07/01/2025
|
246
|
400
|
JetBlue Airways Corp.
0.500%—04/01/2026
|
326
|
|
|
572
|
Personal Care Products—0.5%
|
||
200
|
Beauty Health Co.
1.250%—10/01/20261
|
159
|
Pharmaceuticals—3.7%
|
||
100
|
Collegium Pharmaceutical, Inc.
2.875%—02/15/20291
|
88
|
500
|
Dexcom, Inc.
0.375%—05/15/20281
|
505
|
300
|
MannKind Corp.
2.500%—03/01/2026
|
337
|
200
|
Revance Therapeutics, Inc.
1.750%—02/15/2027
|
203
|
|
|
1,133
|
Real Estate Management & Development—1.2%
|
||
100
|
GEO Corrections Holdings, Inc.
6.500%—02/23/20261
|
115
|
300
|
Redfin Corp.
0.000%—10/15/20252
|
249
|
|
|
364
|
Semiconductors & Semiconductor Equipment—3.9%
|
||
300
|
Microchip Technology, Inc.
0.125%—11/15/2024
|
346
|
|
ON Semiconductor Corp.
|
|
200
|
0.000%—05/01/20272
|
413
|
300
|
0.500%—03/01/20291
|
367
|
|
|
780
|
100
|
Wolfspeed, Inc.
1.875%—12/01/20291
|
86
|
|
|
1,212
|
Software—16.5%
|
||
200
|
Akamai Technologies, Inc.
0.375%—09/01/2027
|
197
|
⬤
4
Harbor Convertible Securities Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Convertible Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
Software—Continued
|
||
|
Bentley Systems, Inc.
|
|
$400
|
0.125%—01/15/2026
|
$410
|
100
|
0.375%—07/01/2027
|
90
|
|
|
500
|
500
|
Ceridian HCM Holding, Inc.
0.250%—03/15/2026
|
447
|
200
|
Cloudflare, Inc.
0.000%—08/15/20262
|
172
|
100
|
DigitalOcean Holdings, Inc.
0.000%—12/01/20262
|
79
|
100
|
Dropbox, Inc.
0.000%—03/01/20262
|
95
|
400
|
Envestnet, Inc.
0.750%—08/15/2025
|
371
|
600
|
Fastly, Inc.
0.000%—03/15/20262
|
502
|
300
|
Guidewire Software, Inc.
1.250%—03/15/2025
|
296
|
300
|
MicroStrategy, Inc.
0.000%—02/15/20272
|
217
|
200
|
MongoDB, Inc.
0.250%—01/15/2026
|
409
|
200
|
Nutanix, Inc.
0.250%—10/01/2027
|
174
|
500
|
Pegasystems, Inc.
0.750%—03/01/2025
|
461
|
500
|
Porch Group, Inc.
0.750%—09/15/20261
|
180
|
100
|
Progress Software Corp.
1.000%—04/15/2026
|
113
|
100
|
Rapid7, Inc.
2.250%—05/01/2025
|
103
|
|
Splunk, Inc.
|
|
400
|
1.125%—09/15/2025
|
401
|
100
|
1.125%—06/15/2027
|
87
|
|
|
488
|
100
|
Unity Software, Inc.
0.000%—11/15/20262
|
81
|
100
|
Verint Systems, Inc.
0.250%—04/15/2026
|
90
|
100
|
Zscaler, Inc.
0.125%—07/01/2025
|
123
|
|
|
5,098
|
Convertible Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
Specialty Retail—1.0%
|
||
$300
|
Greenbrier Cos., Inc.
2.875%—04/15/2028
|
$309
|
Total Convertible Bonds
(Cost $26,041)
|
27,059
|
Convertible Preferred Stocks—8.6%
|
||
Shares
|
|
|
Banks—2.5%
|
||
100
|
Bank of America Corp.—7.250%
|
122
|
550
|
Wells Fargo & Co.—7.500%
|
648
|
|
|
770
|
Construction & Engineering—0.1%
|
||
14
|
Fluor Corp.—6.500%
|
20
|
Diversified REITs—1.0%
|
||
12,400
|
RLJ Lodging Trust—1.950%
|
304
|
Electric Utilities—1.8%
|
||
12,200
|
NextEra Energy, Inc.—6.926%
|
558
|
Independent Power and Renewable Electricity Producers—0.9%
|
||
3,400
|
AES Corp.—6.875%
|
291
|
Machinery—1.2%
|
||
3,400
|
RBC Bearings, Inc.—5.000%
|
369
|
Oil, Gas & Consumable Fuels—1.1%
|
||
7,200
|
El Paso Energy Capital Trust I—4.750%
|
332
|
Total Convertible Preferred Stocks
(Cost $2,701)
|
2,644
|
|
TOTAL INVESTMENTS—96.3%
(Cost $28,742)
|
29,703
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—3.7%
|
1,131
|
|
TOTAL NET ASSETS—100.0%
|
$30,834
|
FAIR VALUE MEASUREMENTS
As of July 31, 2023, the investments in Convertible Preferred Stocks (as disclosed in the preceding Portfolio of Investments)
were classified as Level 1 and all other investments were classified as Level 2.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $7,600 or 25% of net assets.
2
Zero coupon bond
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
5
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Principal Amounts, Value and Cost in Thousands
Asset-Backed Securities—11.2%
|
||
Principal
Amount
|
|
Value
|
$385
|
Aligned Data Centers Issuer LLC
Series 2021-1A Cl. A2
1.937%—08/15/20461
|
$338
|
514
|
American Tower Trust I
5.490%—03/15/20281
|
515
|
410
|
AMSR Trust
Series 2021-SFR3 Cl. A
1.476%—10/17/20381
|
359
|
366
|
BA Credit Card Trust
Series 2022-A2 Cl. A2
5.000%—04/15/2028
|
365
|
136
|
CF Hippolyta Issuer LLC
Series 2020-1 Cl. A1
1.690%—07/15/20601
|
123
|
314
|
CIFC Funding Ltd.
Series 2018-3A Cl. A
6.672% (3 Month USD Term SOFR + 1.362%)
07/18/20311,2
|
313
|
167
|
DB Master Finance LLC
Series 2021-1A Cl. A2I
2.045%—11/20/20511
|
146
|
291
|
Discover Card Execution Note Trust
Series 2022-A4 Cl. A
5.030%—10/15/2027
|
290
|
480
|
Domino’s Pizza Master Issuer LLC
Series 2021-1A Cl. A2I
2.662%—04/25/20511
|
407
|
|
FirstKey Homes Trust
|
|
358
|
Series 2020-SFR2 Cl. A
1.266%—10/19/20371
|
324
|
371
|
Series 2021-SFR1 Cl. A
1.538%—08/17/20381
|
327
|
|
|
651
|
250
|
Ford Credit Auto Owner Trust
Series 2020-1 Cl. A
2.040%—08/15/20311
|
236
|
288
|
GM Financial Consumer Automobile Receivables
Trust
Series 2022-3 Cl. A4
3.710%—12/16/2027
|
278
|
|
Home Partners of America Trust
|
|
255
|
Series 2020-2 Cl. A
1.532%—01/17/20411
|
216
|
541
|
Series 2022-1 Cl. A
3.930%—04/17/20391
|
507
|
|
|
723
|
362
|
Mercedes-Benz Auto Receivables Trust
Series 2022-1 Cl. A4
5.250%—02/15/2029
|
363
|
|
Navient Private Education Refi Loan Trust
|
|
123
|
Series 2021-A Cl. A
0.840%—05/15/20691
|
107
|
273
|
Series 2021-BA Cl. A
0.940%—07/15/20691
|
236
|
|
|
343
|
322
|
NextGear Floorplan Master Owner Trust
Series 2023-1A Cl. A2
5.740%—03/15/20281
|
324
|
333
|
Oak Street Investment Grade Net Lease Fund
Series 2020-1A Cl. A1
1.850%—11/20/20501
|
297
|
Asset-Backed Securities—Continued
|
||
Principal
Amount
|
|
Value
|
$447
|
Palmer Square CLO Ltd.3
Series 2013-2A Cl. A1A3
6.570% (3 Month USD Term SOFR + 1.262%)
10/17/20311,2
|
$445
|
337
|
Palmer Square Loan Funding Ltd.
Series 2022-2A Cl. A1
6.578% (3 Month USD Term SOFR + 1.270%)
10/15/20301,2
|
335
|
|
PFS Financing Corp.
|
|
232
|
Series 2022-D Cl. A
4.270%—08/15/20271
|
225
|
522
|
Series 2023-A Cl. A
5.800%—03/15/20281
|
523
|
|
|
748
|
|
Progress Residential Trust
|
|
440
|
Series 2019-SFR3 Cl. A
2.271%—09/17/20361
|
421
|
412
|
Series 2019-SFR4 Cl. A
2.687%—10/17/20361
|
397
|
|
|
818
|
202
|
Sabey Data Center Issuer LLC
Series 2020-1 Cl. A2
3.812%—04/20/20451
|
191
|
525
|
SBA Small Business Investment Cos.
Series 2023-10A Cl. 1
5.168%—03/10/2033
|
520
|
230
|
SBA Tower Trust
6.599%—01/15/20281
|
234
|
185
|
Stack Infrastructure Issuer LLC
Series 2019-2A Cl. A2
3.080%—10/25/20441
|
176
|
193
|
Store Master Funding I-VII
Series 2018-1A Cl. A1
3.960%—10/20/20481
|
187
|
163
|
Store Master Funding I-VII & XIV
Series 2019-1 Cl. A1
2.820%—11/20/20491
|
147
|
616
|
Taco Bell Funding LLC
Series 2021-1A Cl. A2II
2.294%—08/25/20511
|
506
|
|
U.S. Small Business Administration
|
|
302
|
Series 2023-25B Cl. 1
4.610%—02/01/2048
|
298
|
518
|
Series 2023-25C Cl. 1
4.930%—03/01/2048
|
516
|
|
|
814
|
251
|
Vantage Data Centers LLC
Series 2020-2A Cl. A2
1.992%—09/15/20451
|
212
|
|
Wendy’s Funding LLC
|
|
200
|
Series 2021-1A Cl. A2I
2.370%—06/15/20511
|
165
|
371
|
Series 2019-1A Cl. A2I
3.783%—06/15/20491
|
345
|
|
|
510
|
Total Asset-Backed Securities
(Cost $12,472)
|
11,914
|
⬤
6
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Collateralized Mortgage Obligations—6.1%
|
||
Principal
Amount
|
|
Value
|
$387
|
Benchmark Mortgage Trust
Series 2021-B26 Cl. A3
2.391%—06/15/2054
|
$330
|
|
BX Commercial Mortgage Trust
|
|
403
|
Series 2021-VOLT Cl. A
6.036% (1 Month USD Term SOFR + 0.814%)
09/15/20361,2
|
393
|
347
|
Series 2019-XL Cl. A
6.256% (1 Month USD Term SOFR + 1.034%)
10/15/20361,2
|
346
|
|
|
739
|
|
Commercial Mortgage Pass-Through Certificates
|
|
221
|
Series 2014-CR21 Cl. A3
3.528%—12/10/2047
|
213
|
441
|
Series 2014-UBS3 Cl. A3
3.546%—06/10/2047
|
434
|
|
|
647
|
387
|
Commercial Mortgage Trust
Series 2016-COR1 Cl. A3
2.826%—10/10/2049
|
355
|
324
|
Flagstar Mortgage Trust
Series 2021-8INV Cl. A3
2.500%—09/25/20511,2
|
261
|
234
|
FRESB Mortgage Trust
Series 2019-SB63 A5H
2.550%—02/25/20392
|
230
|
550
|
GS Mortgage Securities Trust
Series 2016-GS3 Cl. A4
2.850%—10/10/2049
|
501
|
|
GS Mortgage-Backed Securities Trust
|
|
162
|
Series 2020-INV1 Cl. A14
2.926%—10/25/20501,2
|
136
|
106
|
Series 2020-PJ4 Cl. A2
3.000%—01/25/20511,2
|
90
|
|
|
226
|
125
|
MetLife Securitization Trust
Series 2020-INV1 Cl. A2A
2.500%—05/25/20501,2
|
102
|
|
Morgan Stanley Bank of America Merrill Lynch
Trust
|
|
260
|
Series 2015-C25 Cl. A4
3.372%—10/15/2048
|
248
|
600
|
Series 2015-C26 Cl. A5
3.531%—10/15/2048
|
567
|
|
|
815
|
|
PSMC Trust
|
|
461
|
Series 2021-2 Cl. A3
2.500%—05/25/20511,2
|
401
|
54
|
Series 2020-2 Cl. A2
3.000%—05/25/20501,2
|
47
|
|
|
448
|
|
Seasoned Credit Risk Transfer Trust
|
|
144
|
Series 2020-2 Cl. MA
2.000%—11/25/2059
|
128
|
241
|
Series 2021-1 Cl. MA
2.000%—09/25/2060
|
211
|
269
|
Series 2021-3 Cl. MA
2.000%—03/25/2061
|
234
|
170
|
Series 2020-3 Cl. MA
2.000%—05/25/2060
|
151
|
Collateralized Mortgage Obligations—Continued
|
||
Principal
Amount
|
|
Value
|
$158
|
Series 2020-1 Cl. MA
2.500%—08/25/2059
|
$143
|
55
|
Series 2017-2 Cl. MA
3.000%—08/25/2056
|
51
|
111
|
Series 2018-1 Cl. MA
3.000%—05/25/2057
|
102
|
175
|
Series 2019-2 Cl. MA
3.500%—08/25/2058
|
163
|
|
|
1,183
|
334
|
Tricon American Homes Trust
Series 2020-SFR1 Cl. A
1.499%—07/17/20381
|
297
|
380
|
Wells Fargo Commercial Mortgage Trust
Series 2015-C31 Cl. A4
3.695%—11/15/2048
|
362
|
Total Collateralized Mortgage Obligations
(Cost $7,034)
|
6,496
|
Corporate Bonds & Notes—29.8%
|
||
|
|
|
Aerospace & Defense—0.7%
|
||
361
|
BAE Systems PLC
3.400%—04/15/20301
|
326
|
235
|
Lockheed Martin Corp.
4.700%—05/15/2046
|
225
|
148
|
Northrop Grumman Corp.
5.250%—05/01/2050
|
150
|
|
|
701
|
Automobiles—0.9%
|
||
490
|
Aptiv PLC/Aptiv Corp.
3.250%—03/01/2032
|
420
|
454
|
General Motors Financial Co., Inc.
2.400%—10/15/2028
|
389
|
147
|
Toyota Motor Credit Corp. MTN4
3.375%—04/01/2030
|
135
|
|
|
944
|
Banks—5.1%
|
||
|
Bank of America Corp. MTN4
|
|
440
|
2.572%—10/20/20325
|
357
|
116
|
4.330%—03/15/20505
|
102
|
505
|
4.948%—07/22/20285
|
497
|
|
|
956
|
310
|
Barclays PLC
5.304%—08/09/20265
|
306
|
513
|
Capital One Financial Corp.
5.468%—02/01/20295
|
500
|
|
Citigroup, Inc.
|
|
171
|
3.400%—05/01/2026
|
163
|
239
|
3.520%—10/27/20285
|
222
|
279
|
4.412%—03/31/20315
|
262
|
|
|
647
|
448
|
Credit Suisse AG
7.950%—01/09/2025
|
458
|
212
|
HSBC Holdings PLC
7.390%—11/03/20285
|
224
|
|
JPMorgan Chase & Co.
|
|
586
|
4.203%—07/23/20295
|
559
|
250
|
4.493%—03/24/20315
|
240
|
|
|
799
|
⬤
7
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Banks—Continued
|
||
$500
|
Lloyds Banking Group PLC
2.438% (U.S. Treasury 1 Year Constant Maturity
Yield + 1.000) 02/05/20262
|
$473
|
310
|
Mitsubishi UFJ Financial Group, Inc.
5.017%—07/20/20285
|
304
|
418
|
National Securities Clearing Corp.
5.000%—05/30/20281
|
417
|
340
|
Toronto-Dominion Bank
1.950%—01/12/2027
|
307
|
|
|
5,391
|
Biotechnology—0.3%
|
||
310
|
AbbVie, Inc.
4.500%—05/14/2035
|
294
|
Capital Markets—2.8%
|
||
300
|
Bank of New York Mellon Corp. MTN4
5.802%—10/25/20285
|
306
|
|
Blackstone Holdings Finance Co. LLC
|
|
173
|
2.800%—09/30/20501
|
101
|
356
|
3.500%—09/10/20491
|
238
|
|
|
339
|
301
|
Goldman Sachs Group, Inc.
3.800%—03/15/2030
|
277
|
54
|
KKR Group Finance Co. II LLC
5.500%—02/01/20431
|
49
|
170
|
KKR Group Finance Co. III LLC
5.125%—06/01/20441
|
147
|
493
|
Macquarie Group Ltd.
1.340%—01/12/20271,5
|
442
|
|
Morgan Stanley MTN4
|
|
665
|
3.125%—07/27/2026
|
625
|
295
|
3.622%—04/01/20315
|
265
|
|
|
890
|
500
|
UBS Group AG
4.125%—04/15/20261
|
479
|
|
|
2,929
|
Commercial Services & Supplies—0.4%
|
||
300
|
Moody’s Corp.
3.250%—05/20/2050
|
212
|
230
|
Waste Management, Inc.
4.150%—04/15/2032
|
218
|
|
|
430
|
Construction Materials—0.1%
|
||
193
|
Carlisle Cos., Inc.
2.750%—03/01/2030
|
165
|
Diversified REITs—1.2%
|
||
|
Alexandria Real Estate Equities, Inc.
|
|
290
|
2.000%—05/18/2032
|
222
|
115
|
4.750%—04/15/2035
|
107
|
|
|
329
|
533
|
Federal Realty OP LP
1.250%—02/15/2026
|
480
|
540
|
Healthpeak OP LLC
3.250%—07/15/2026
|
514
|
|
|
1,323
|
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Diversified Telecommunication Services—0.8%
|
||
|
AT&T, Inc.
|
|
$240
|
2.300%—06/01/2027
|
$215
|
504
|
6.720% (3 Month USD LIBOR + 1.180) 06/12/20242
|
507
|
|
|
722
|
162
|
Verizon Communications, Inc.
4.500%—08/10/2033
|
152
|
|
|
874
|
Electric Utilities—2.8%
|
||
275
|
Berkshire Hathaway Energy Co.
6.125%—04/01/2036
|
290
|
526
|
DTE Energy Co.
4.875%—06/01/2028
|
520
|
330
|
Duke Energy Florida LLC
3.800%—07/15/2028
|
314
|
200
|
Eversource Energy
2.900%—10/01/2024
|
193
|
|
Exelon Corp.
|
|
62
|
4.700%—04/15/2050
|
55
|
243
|
5.100%—06/15/2045
|
228
|
|
|
283
|
630
|
Florida Power & Light Co.
2.450%—02/03/2032
|
529
|
158
|
Northern States Power Co.
4.500%—06/01/2052
|
142
|
|
Southern Co.
|
|
230
|
3.250%—07/01/2026
|
218
|
308
|
4.250%—07/01/2036
|
273
|
|
|
491
|
230
|
Xcel Energy, Inc.
3.400%—06/01/2030
|
205
|
|
|
2,967
|
Entertainment—0.1%
|
||
155
|
Warnermedia Holdings, Inc.
5.141%—03/15/2052
|
126
|
Financial Services—1.2%
|
||
322
|
American Express Co.
5.043%—05/01/20345
|
316
|
198
|
Berkshire Hathaway Finance Corp.
3.850%—03/15/2052
|
162
|
510
|
Ferguson Finance PLC
3.250%—06/02/20301
|
447
|
410
|
PNC Financial Services Group, Inc.
5.068%—01/24/20345
|
396
|
|
|
1,321
|
Health Care Providers & Services—2.1%
|
||
320
|
Cigna Group
3.400%—03/01/2027
|
302
|
232
|
CommonSpirit Health
4.187%—10/01/2049
|
188
|
|
CVS Pass-Through Trust
|
|
169
|
5.773%—01/10/20331
|
166
|
80
|
5.880%—01/10/2028
|
78
|
496
|
8.353%—07/10/20311
|
537
|
|
|
781
|
⬤
8
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Health Care Providers & Services—Continued
|
||
$425
|
Elevance Health, Inc.
4.750%—02/15/2033
|
$414
|
590
|
PeaceHealth Obligated Group
1.375%—11/15/2025
|
534
|
|
|
2,219
|
Insurance—2.4%
|
||
419
|
AIA Group Ltd.
3.600%—04/09/20291
|
390
|
325
|
Equitable Financial Life Global Funding
1.400%—07/07/20251
|
298
|
150
|
Five Corners Funding Trust
4.419%—11/15/20231
|
149
|
420
|
GA Global Funding Trust
3.850%—04/11/20251
|
403
|
530
|
Liberty Mutual Group, Inc.
4.569%—02/01/20291
|
518
|
276
|
Lincoln National Corp.
3.400%—01/15/2031
|
231
|
|
Massachusetts Mutual Life Insurance Co.
|
|
180
|
3.375%—04/15/20501
|
128
|
160
|
5.672%—12/01/20521
|
161
|
|
|
289
|
340
|
Metropolitan Life Global Funding I
3.300%—03/21/20291
|
309
|
|
|
2,587
|
Internet & Catalog Retail—0.3%
|
||
371
|
Amazon.com, Inc.
4.100%—04/13/2062
|
317
|
Media—0.8%
|
||
498
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
6.384%—10/23/2035
|
490
|
400
|
Cox Communications, Inc.
1.800%—10/01/20301
|
314
|
|
|
804
|
Multi-Utilities—0.8%
|
||
|
PG&E Wildfire Recovery Funding LLC
|
|
97
|
3.594%—06/01/2032
|
92
|
311
|
4.022%—06/01/2033
|
297
|
183
|
4.722%—06/01/2039
|
178
|
|
|
567
|
257
|
Rogers Communications, Inc.
5.450%—10/01/2043
|
236
|
|
|
803
|
Oil, Gas & Consumable Fuels—1.3%
|
||
310
|
Dominion Energy, Inc.
5.250%—08/01/2033
|
306
|
505
|
Energy Transfer LP
3.900%—07/15/2026
|
483
|
474
|
Occidental Petroleum Corp.6
0.000%—10/10/2036
|
250
|
192
|
Schlumberger Holdings Corp.
3.900%—05/17/20281
|
183
|
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Oil, Gas & Consumable Fuels—Continued
|
||
$230
|
Southern Co. Gas Capital Corp.
1.750%—01/15/2031
|
$181
|
|
|
1,403
|
Passenger Airlines—1.4%
|
||
259
|
Air Canada Pass-Through Trust
3.600%—09/15/20281
|
240
|
319
|
Delta Air Lines Pass-Through Trust
3.625%—01/30/2029
|
302
|
|
United Airlines Pass-Through Trust
|
|
202
|
3.100%—01/07/2030
|
183
|
823
|
4.000%—10/11/2027
|
779
|
|
|
962
|
|
|
1,504
|
Professional Services—0.2%
|
||
295
|
Verisk Analytics, Inc.
3.625%—05/15/2050
|
215
|
Road & Rail—0.7%
|
||
190
|
Canadian Pacific Railway Co.
6.125%—09/15/2115
|
195
|
155
|
Norfolk Southern Corp.
4.837%—10/01/2041
|
144
|
|
Ryder System, Inc. MTN
|
|
237
|
3.650%—03/18/2024
|
234
|
191
|
5.250%—06/01/2028
|
189
|
|
|
423
|
|
|
762
|
Semiconductors & Semiconductor Equipment—0.9%
|
||
272
|
Broadcom, Inc.
4.110%—09/15/2028
|
258
|
|
NXP BV/NXP Funding LLC/NXP USA, Inc.
|
|
265
|
2.700%—05/01/2025
|
252
|
450
|
3.150%—05/01/2027
|
417
|
|
|
669
|
|
|
927
|
Software—0.5%
|
||
|
Oracle Corp.
|
|
340
|
1.650%—03/25/2026
|
310
|
343
|
3.950%—03/25/2051
|
258
|
|
|
568
|
Specialty Retail—1.1%
|
||
170
|
Home Depot, Inc.
3.300%—04/15/2040
|
138
|
|
Lowe’s Cos., Inc.
|
|
77
|
3.700%—04/15/2046
|
59
|
199
|
5.000%—04/15/2040
|
187
|
117
|
5.625%—04/15/2053
|
116
|
|
|
362
|
637
|
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.550%—05/01/20281
|
628
|
|
|
1,128
|
⬤
9
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Trading Companies & Distributors—0.2%
|
||
$201
|
AerCap Ireland Capital DAC/AerCap Global Aviation
Trust
3.000%—10/29/2028
|
$175
|
Water Utilities—0.2%
|
||
238
|
Aquarion Co.
4.000%—08/15/20241
|
233
|
Wireless Telecommunication Services—0.5%
|
||
511
|
T-Mobile USA, Inc.
5.050%—07/15/2033
|
500
|
Total Corporate Bonds & Notes
(Cost $33,349)
|
31,610
|
Mortgage Pass-Through—25.0%
|
||
|
|
|
|
Federal Home Loan Mortgage Corp.
|
|
223
|
2.000%—06/01/2050 |
185
|
2,639
|
2.500%—03/01/2051-05/01/2052 |
2,253
|
2,286
|
3.000%—01/01/2033-08/01/2050 |
2,050
|
963
|
3.500%—05/01/2042 |
897
|
730
|
4.000%—12/01/2037-02/01/2046 |
704
|
145
|
4.413% (12 Month USD LIBOR + 1.598) 06/01/20472
|
144
|
131
|
4.500%—03/01/2049 |
128
|
852
|
5.000%—10/01/2052-05/01/2053 |
840
|
776
|
5.500%—12/01/2052-07/01/2053 |
775
|
|
|
7,976
|
|
Federal National Mortgage Association
|
|
2,795
|
2.000%—08/01/2050-04/01/2051 |
2,288
|
4,112
|
2.500%—03/01/2035-04/01/2052 |
3,553
|
2,182
|
3.000%—02/01/2035-08/01/2050 |
2,001
|
802
|
3.500%—03/01/2048-06/01/2050 |
734
|
3,458
|
4.000%—03/01/2038-09/01/2049 |
3,295
|
2,474
|
4.500%—05/01/2046-08/01/2052 |
2,412
|
1,270
|
5.000%—07/01/2050-08/01/2052 |
1,253
|
1,031
|
5.500%—11/01/2052 |
1,031
|
153
|
6.228% (Fed 12 Month Treasury Average Constant Maturity Treasury + 2.274) 12/01/20362
|
154
|
|
|
16,721
|
|
Government National Mortgage Association
|
|
830
|
2.500%—01/20/2051 |
720
|
381
|
4.000%—09/20/2041-09/15/2046 |
367
|
825
|
4.500%—01/15/2042-08/20/2047 |
812
|
|
|
1,899
|
Total Mortgage Pass-Through
(Cost $28,300)
|
26,596
|
Municipal Bonds—2.0%
|
||
|
|
|
145
|
Metropolitan Water Reclamation District of Greater
Chicago
5.720%—12/01/2038
|
153
|
83
|
Michigan State University
4.165%—08/15/2122
|
64
|
440
|
New York City Transitional Finance Authority Future
Tax Secured Revenue
3.950%—08/01/2032
|
411
|
555
|
New York State Urban Development Corp.
5.770%—03/15/2039
|
575
|
Municipal Bonds—Continued
|
||
Principal
Amount
|
|
Value
|
$530
|
Sales Tax Securitization Corp.
4.637%—01/01/2040
|
$510
|
300
|
State of California
7.500%—04/01/2034
|
361
|
Total Municipal Bonds
(Cost $2,196)
|
2,074
|
U.S. Government Obligations—25.2%
|
||
|
|
|
|
U.S. Small Business Administration
|
|
71
|
Series 2012-20C Cl. 1
2.510%—03/01/2032
|
66
|
105
|
Series 2017-20H Cl. 1
2.750%—08/01/2037
|
95
|
180
|
Series 2014-20K Cl. 1
2.800%—11/01/2034
|
165
|
194
|
Series 2015-20H Cl. 1
2.820%—08/01/2035
|
178
|
152
|
Series 2017-20J Cl. 1
2.850%—10/01/2037
|
138
|
184
|
Series 2018-20B Cl. 1
3.220%—02/01/2038
|
170
|
278
|
Series 2018-20G Cl. 1
3.540%—07/01/2038
|
257
|
396
|
Series 2022-25E Cl. 1
3.940%—05/01/2047
|
371
|
371
|
Series 2022-25L Cl. 1
4.710%—12/01/2047
|
366
|
360
|
Series 2023-25A Cl. 1
4.910%—01/01/2048
|
357
|
349
|
Series 2022-25K Cl. 1
5.130%—11/01/2047
|
351
|
|
|
2,514
|
|
U.S. Treasury Bonds
|
|
1,284
|
2.250%—02/15/2052 |
901
|
1,424
|
2.375%—02/15/2042 |
1,087
|
4,717
|
3.000%—08/15/2052 |
3,899
|
6,713
|
3.375%—08/15/2042 |
5,974
|
508
|
3.625%—05/15/2053 |
475
|
1,127
|
3.875%—05/15/2043 |
1,077
|
|
|
13,413
|
573
|
U.S. Treasury Inflation-Indexed Notes7
0.125%—01/15/2030
|
516
|
|
U.S. Treasury Notes
|
|
1,381
|
2.750%—08/15/2032 |
1,254
|
1,714
|
3.375%—05/15/2033 |
1,635
|
4,461
|
3.500%—01/31/2028 |
4,328
|
2,021
|
3.625%—03/31/2028-05/31/2028
|
1,973
|
268
|
4.125%—01/31/2025 |
264
|
858
|
4.250%—05/31/2025 |
847
|
|
|
10,301
|
Total U.S. Government Obligations
(Cost $27,499)
|
26,744
|
|
TOTAL INVESTMENTS—99.3%
(Cost $110,850)
|
105,434
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%
|
776
|
|
TOTAL NET ASSETS—100.0%
|
$106,210
|
⬤
10
Harbor Core Bond Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 2.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $18,660 or 18% of net assets.
2
Variable or floating rate security; the stated rate represents the rate in effect at July 31, 2023. The variable rate for
such securities may be based on the indicated reference rate and spread or on an underlying asset or pool of assets rather than a reference rate
and may be determined by current interest rates, prepayments or other financial indicators.
3
CLO after the name of a security stands for Collateralized Loan Obligation.
4
MTN after the name of a security stands for Medium Term Note.
5
Rate changes from fixed to variable rate at a specified date prior to its final maturity. Stated rate is fixed rate currently
in effect and stated date is the final maturity date.
6
Zero coupon bond
7
Inflation-protected securities are securities in which the principal amount is adjusted for inflation and interest payments
are applied to the inflation-adjusted principal.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
11
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Principal Amounts, Value and Cost in Thousands
Asset-Backed Securities—13.3%
|
||
Principal
Amount
|
|
Value
|
$3,125
|
Air Canada Pass-Through Trust
Series 2017-1 Series 2017-1AA Cl. PTT
3.300%—07/15/20311
|
$2,746
|
7,301
|
Aligned Data Centers Issuer LLC
Series 2021-1A Cl. A2
1.937%—08/15/20461
|
6,417
|
1,396
|
American Airlines Pass-Through Trust
Series 2015-2 Cl. AA
3.600%—03/22/2029
|
1,301
|
3,029
|
American Tower Trust I
5.490%—03/15/20281
|
3,036
|
—
|
AMMC CLO 20 Ltd.3
Series 2017-20A Cl. AR
6.130% (3 Month USD LIBOR + 0.870)
04/17/20291,2
|
—
|
3,861
|
AMMC CLO XII Ltd.3
Series 2013-12A Cl. AR2
6.287% (3 Month USD LIBOR + 0.950)
11/10/20301,2
|
3,840
|
3,638
|
Apidos CLO XXVI3
Series 2017-26A Cl. A1AR
6.472% (3 Month USD Term SOFR + 1.162%)
07/18/20291,2
|
3,629
|
4,000
|
ARES LII CLO Ltd.3
Series 2019-52A Cl. A1R
6.657% (3 Month USD Term SOFR + 1.312%)
04/22/20311,2
|
3,971
|
4,000
|
Birch Grove CLO Ltd.3
Series 19A Cl. AR
6.682% (3 Month USD LIBOR + 1.130)
06/15/20311,2
|
3,987
|
3,927
|
Catamaran CLO Ltd.3
Series 2014-1A Cl. A1AR
6.707% (3 Month USD Term SOFR + 1.362%)
04/22/20301,2
|
3,919
|
3,900
|
CF Hippolyta Issuer LLC
Series 2021-1A Cl. A1
1.530%—03/15/20611
|
3,401
|
2,251
|
DB Master Finance LLC
Series 2021-1A Cl. A2II
2.493%—11/20/20511
|
1,907
|
1,320
|
Domino’s Pizza Master Issuer LLC
Series 2021-1A Cl. A2I
2.662%—04/25/20511
|
1,119
|
7,324
|
FirstKey Homes Trust
Series 2021-SFR1 Cl. A
1.538%—08/17/20381
|
6,450
|
3,941
|
GMF Floorplan Owner Revolving Trust
Series 2023-2 Cl. A
5.340%—06/15/20301
|
3,944
|
3,175
|
GSAA Home Equity Trust
Series 2006-20 Cl. 1A2
5.773% (1 Month USD Term SOFR + 0.474%)
12/25/20462
|
956
|
3,212
|
Home Partners of America Trust
Series 2022-1 Cl. A
3.930%—04/17/20391
|
3,014
|
604
|
IXIS Real Estate Capital Trust
Series 2005-HE1 Cl. M4
6.463% (1 Month USD Term SOFR + 1.164%)
06/25/20352
|
606
|
3,764
|
JetBlue Pass-Through Trust
Series 1A Cl. A
4.000%—05/15/2034
|
3,452
|
Asset-Backed Securities—Continued
|
||
Principal
Amount
|
|
Value
|
$—
|
JP Morgan Mortgage Acquisition Corp.
Series 2006-HE1 Cl. A4
4.291% (1 Month USD LIBOR + 0.580) 01/25/20362
|
$—
x
|
653
|
JP Morgan Mortgage Acquisition Trust
Series 2007-HE1 Cl. AF3
4.263%—05/25/20354
|
426
|
|
Morgan Stanley ABS Capital I, Inc. Trust
|
|
1,523
|
Series 2007-HE1 Cl. A2C
5.563% (1 Month USD Term SOFR + 0.264%)
11/25/20362
|
867
|
2,887
|
Series 2007-HE6 Cl. A3
5.593% (1 Month USD Term SOFR + 0.294%)
05/25/20372
|
2,530
|
|
|
3,397
|
4,500
|
New Economy Assets Phase 1 Sponsor LLC
Series 2021-1 Cl. A1
1.910%—10/20/20611
|
3,865
|
2,879
|
Palmer Square Loan Funding Ltd.
Series 2021-4A Cl. A1
6.370% (3 Month USD Term SOFR + 1.062%)
10/15/20291,2
|
2,864
|
2,863
|
PFS Financing Corp.
Series 2023-B Cl. A
5.270%—05/15/20281
|
2,833
|
|
Planet Fitness Master Issuer LLC
|
|
4,322
|
Series 2022-1A Cl. A2I
3.251%—12/05/20511
|
3,848
|
610
|
Series 2018-1A Cl. A2II
4.666%—09/05/20481
|
585
|
|
|
4,433
|
3,034
|
SBA Tower Trust
6.599%—01/15/20281
|
3,083
|
|
ServiceMaster Funding LLC
|
|
3,101
|
Series 2021-1 Cl. A2I
2.865%—07/30/20511
|
2,529
|
356
|
Series 2020-1 Cl. A2II
3.337%—01/30/20511
|
279
|
|
|
2,808
|
3,421
|
Servpro Master Issuer, LLC
Series 2021-1A Cl. A2
2.394%—04/25/20511
|
2,816
|
535
|
Sound Point CLO XII Ltd.3
Series 2016-2A Cl. AR2
6.638% (3 Month USD Term SOFR + 1.312%)
10/20/20281,2
|
535
|
2,319
|
Specialty Underwriting & Residential Finance Trust
Series 2006-BC4 Cl. A2B
5.633% (1 Month USD Term SOFR + 0.334%)
09/25/20372
|
769
|
7,000
|
Stack Infrastructure Issuer LLC
Series 2021-1A Cl. A2
1.877%—03/26/20461
|
6,165
|
6,895
|
Taco Bell Funding LLC
Series 2021-1A Cl. A2I
1.946%—08/25/20511
|
5,952
|
5,177
|
Tricon Residential Trust
Series 2023-SFR1 Cl. A
5.100%—07/17/20401
|
5,059
|
5,000
|
Trinity Rail Leasing LLC
Series 2020-2A Cl. A2
2.560%—11/19/20501
|
4,266
|
⬤
12
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Asset-Backed Securities—Continued
|
||
Principal
Amount
|
|
Value
|
|
U.S. Small Business Administration
|
|
$5,062
|
Series 2023-25E Cl. 1
4.620%—05/01/2048
|
$4,963
|
4,942
|
Series 2023-25F Cl. 1
4.930%—06/01/2048
|
4,894
|
5,068
|
Series 2023-25G Cl. 1
5.180%—07/01/2048
|
5,103
|
|
|
14,960
|
1,117
|
United Airlines Pass-Through Trust
Series 2019-2 Cl. AA
2.700%—11/01/2033
|
938
|
6,810
|
VB-S1 Issuer LLC
Series 2022-1A Cl. C2I
3.156%—02/15/20521
|
6,029
|
6,860
|
Wendy’s Funding LLC
Series 2021-1A Cl. A2I
2.370%—06/15/20511
|
5,664
|
Total Asset-Backed Securities
(Cost $143,883)
|
134,557
|
Collateralized Mortgage Obligations—10.3%
|
||
|
|
|
3,492
|
Angel Oak Mortgage Trust
Series 2022-1 Cl. A1
2.881%—12/25/20661,4
|
3,092
|
5,492
|
Argent Securities Trust
Series 2006-W4 Cl. A2C
5.733% (1 Month USD Term SOFR + 0.434%)
05/25/20362
|
1,347
|
615
|
Argent Securities, Inc. Asset-Backed Pass-Through
Certificates
Series 2004-W11 Cl. M3
6.538% (1 Month USD Term SOFR + 1.239%)
11/25/20342
|
596
|
6,708
|
Banc of America Alternative Loan Trust
Series 2006-7 Cl. A3
5.913%—10/25/20362
|
2,018
|
434
|
Banc of America Funding Trust
Series 2007-C Cl. 7A5
5.969% (1 Month USD Term SOFR + 0.714%)
05/20/20472
|
389
|
4,948
|
Bank5
Series 2023-5YR2 Cl. A3
6.656%—06/15/2028
|
5,148
|
|
BCAP LLC Trust
|
|
148
|
Series 2011-RR5 Cl. 12A1
4.575%—03/26/20371,4
|
143
|
1,226
|
Series 2011-RR4 Cl. 8A1
5.250%—02/26/20361,2
|
542
|
2,834
|
Series 2007-AA2 Cl. 12A1
5.833% (1 Month USD Term SOFR + 0.534%)
05/25/20472
|
2,609
|
|
|
3,294
|
|
Bear Stearns ARM Trust
|
|
9
|
Series 2000-2 Cl. A1
2.784%—11/25/20302
|
8
|
130
|
Series 2004-1 Cl. 12A5
4.094%—04/25/20342
|
120
|
|
|
128
|
5,200
|
Benchmark Mortgage Trust
Series 2019-B9 Cl. A5
4.016%—03/15/2052
|
4,745
|
Collateralized Mortgage Obligations—Continued
|
||
Principal
Amount
|
|
Value
|
|
BX Commercial Mortgage Trust
|
|
$1,429
|
Series 2021-VOLT Cl. A
6.036% (1 Month USD Term SOFR + 0.814%)
09/15/20361,2
|
$1,393
|
3,337
|
Series 2022-LP2 Cl. A
6.235% (1 Month USD Term SOFR + 1.013%)
02/15/20391,2
|
3,241
|
|
|
4,634
|
3,390
|
Citigroup Commercial Mortgage Trust
Series 2015-GC27 Cl. A5
3.137%—02/10/2048
|
3,259
|
6,500
|
COMM Mortgage Trust
Series 2014-LC17 Cl. A5
3.917%—10/10/2047
|
6,309
|
|
Countrywide Alternative Loan Trust
|
|
1,215
|
Series 2005-20CB Cl. 2A5
5.500%—07/25/2035
|
833
|
1,658
|
Series 2006-6CB Cl. 1A2
5.500% (1 Month USD Term SOFR + 0.514%)
05/25/20362
|
1,292
|
2,854
|
Series 2008-1R Cl. 2A3
6.000%—08/25/2037
|
1,527
|
|
|
3,652
|
215
|
Countrywide Asset-Backed Certificates Trust
Series 2006-2 Cl. M1
6.013% (1 Month USD Term SOFR + 0.714%)
06/25/20362
|
213
|
186
|
CSFB Mortgage-Backed Pass-Through Certificates
Series 2005-10 Cl. 9A1
6.000%—11/25/2035
|
135
|
2,569
|
Deutsche Alt-A Securities Mortgage Loan Trust
Series 2007-AR2 Cl. A1
5.713% (1 Month USD Term SOFR + 0.414%)
03/25/20372
|
2,416
|
796
|
DSLA Mortgage Loan Trust
Series 2006-AR1 Cl. 1A1A
5.134% (Fed 12 Month Treasury Average Constant
Maturity Treasury + 0.920) 03/19/20462
|
651
|
8,000
|
First Franklin Mortgage Loan Trust
Series 2006-FF14 Cl. A6
5.723% (1 Month USD Term SOFR + 0.424%)
10/25/20362
|
6,399
|
115
|
First Horizon Asset Securities, Inc.
Series 2005-AR6 Cl. 4A1
4.151%—02/25/20362
|
104
|
—
|
FNT Mortgage-Backed Pass-Through Trust
Series 2001-3 Cl. 1A1
6.750%—08/21/2031
|
—
|
3,888
|
GS Mortgage Securities Trust
Series 2015-GC30 Cl. A3
3.119%—05/10/2050
|
3,719
|
3,003
|
GSMPS Mortgage Loan Trust
Series 2006-RP2 Cl. 1AF1
5.813% (1 Month USD Term SOFR + 0.514%)
04/25/20361,2
|
2,459
|
180
|
GSR Mortgage Loan Trust
Series 2005-AR3 Cl. 3A1
5.003%—05/25/20352
|
132
|
2
|
IndyMac ARM Trust
Series 2001-H2 Cl. A2
3.544%—01/25/20322
|
2
|
552
|
IndyMac INDX Mortgage Loan Trust
Series 2005-AR31 Cl. 1A1
3.358%—01/25/20362
|
474
|
⬤
13
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Collateralized Mortgage Obligations—Continued
|
||
Principal
Amount
|
|
Value
|
|
JP Morgan Mortgage Trust
|
|
$905
|
Series 2006-A6 Cl. 1A4L
3.775%—10/25/20362
|
$674
|
33
|
Series 2006-S1 Cl. 3A1
5.500%—04/25/2036
|
32
|
4,779
|
Series 2023-4 Cl. 1A4A
5.500%—11/25/20531,2
|
4,680
|
|
|
5,386
|
423
|
Merrill Lynch Alternative Note Asset Trust
Series 2007-F1 Cl. 2A6
6.000%—03/25/2037
|
165
|
2,014
|
MetLife Securitization Trust
Series 2018-1A Cl. A
3.750%—03/25/20571,2
|
1,883
|
2,543
|
Morgan Stanley Bank of America Merrill Lynch
Trust
Series 2014-C14 Cl. A5
4.064%—02/15/2047
|
2,517
|
2,112
|
OBX Trust
Series 2018-1 Cl. A2
6.063% (1 Month USD Term SOFR + 0.764%)
06/25/20571,2
|
2,021
|
17,457
|
Residential Asset Securitization Trust
Series 2007-A8 Cl. 2A1
6.250%—08/25/2037
|
4,705
|
135
|
Residential Funding Mortgage Securities
Series 2007-SA1 Cl. 2A2
4.572%—02/25/20372
|
93
|
1,376
|
Saxon Asset Securities Trust
Series 2006-3 Cl. A3
5.753% (1 Month USD Term SOFR + 0.454%)
10/25/20462
|
1,330
|
|
Sequoia Mortgage Trust
|
|
4,725
|
Series 2023-1 Cl. A4
5.000%—01/25/20531,2
|
4,594
|
4,410
|
Series 2023-2 Cl. A4
5.000%—03/25/20531,2
|
4,288
|
|
|
8,882
|
225
|
STARM Mortgage Loan Trust
Series 2007-S1 Cl. 1A
5.062%—01/25/20372
|
168
|
70
|
Structured Adjustable Rate Mortgage Loan Trust
Series 2005-7 Cl. 3A1
5.272%—04/25/20352
|
68
|
4,477
|
Towd Point Mortgage Trust
Series 2019-1 Cl. A1
3.750%—03/25/20581,2
|
4,208
|
2,316
|
Tricon American Homes Trust
Series 2020-SFR1 Cl. A
1.499%—07/17/20381
|
2,059
|
|
WaMu Mortgage Pass-Through Certificates Trust
|
|
1,497
|
Series 2006-AR8 Cl. 1A4
4.004%—08/25/20462
|
1,351
|
145
|
Series 2005-AR6 Cl. 2A1A
5.873% (1 Month USD Term SOFR + 0.574%)
04/25/20452
|
143
|
71
|
Series 2005-AR13 Cl. A1A1
5.993% (1 Month USD Term SOFR + 0.694%)
10/25/20452
|
67
|
|
|
1,561
|
7,117
|
Wells Fargo Commercial Mortgage Trust
Series 2018-C48 Cl. A5
4.302%—01/15/2052
|
6,729
|
Collateralized Mortgage Obligations—Continued
|
||
Principal
Amount
|
|
Value
|
$6,450
|
WFRBS Commercial Mortgage Trust
Series 2014-C23 Cl. A5
3.917%—10/15/2057
|
$6,235
|
Total Collateralized Mortgage Obligations
(Cost $119,085)
|
103,325
|
Corporate Bonds & Notes—29.0%
|
||
|
|
|
Aerospace & Defense—0.4%
|
||
5,391
|
BAE Systems PLC
1.900%—02/15/20311
|
4,325
|
Auto Components—0.6%
|
||
5,000
|
Aptiv PLC/Aptiv Corp.
4.150%—05/01/2052
|
3,829
|
1,980
|
ZF North America Capital, Inc.
6.875%—04/14/20281
|
2,013
|
|
|
5,842
|
Automobiles—0.8%
|
||
|
Ford Motor Credit Co. LLC
|
|
4,000
|
3.375%—11/13/2025
|
3,744
|
1,900
|
6.950%—03/06/2026
|
1,920
|
|
|
5,664
|
2,352
|
General Motors Financial Co., Inc.
5.800%—06/23/2028
|
2,362
|
|
|
8,026
|
Banks—1.8%
|
||
4,700
|
Citigroup, Inc.
2.572%—06/03/20315
|
3,926
|
2,850
|
HSBC Holdings PLC
7.390%—11/03/20285
|
3,013
|
4,000
|
JPMorgan Chase & Co.
1.470%—09/22/20275
|
3,543
|
4,110
|
National Securities Clearing Corp.
5.000%—05/30/20281
|
4,103
|
3,001
|
Truist Financial Corp. MTN6
6.123%—10/28/20335
|
3,079
|
|
|
17,664
|
Building Products—0.9%
|
||
3,250
|
Carlisle Cos., Inc.
2.200%—03/01/2032
|
2,573
|
2,925
|
Carrier Global Corp.
3.377%—04/05/2040
|
2,255
|
4,800
|
Ferguson Finance PLC
4.650%—04/20/20321
|
4,523
|
|
|
9,351
|
Capital Markets—4.4%
|
||
4,500
|
Ares Finance Co. IV LLC
3.650%—02/01/20521
|
2,903
|
5,800
|
BlackRock TCP Capital Corp.
2.850%—02/09/2026
|
5,238
|
6,000
|
Blackstone Holdings Finance Co. LLC
3.200%—01/30/20521
|
3,875
|
3,600
|
Block Financial LLC
3.875%—08/15/2030
|
3,152
|
5,700
|
Blue Owl Credit Income Corp.
4.700%—02/08/2027
|
5,190
|
6,096
|
Brookfield Capital Finance LLC
6.087%—06/14/2033
|
6,195
|
⬤
14
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Capital Markets—Continued
|
||
$5,800
|
Golub Capital BDC, Inc.
2.500%—08/24/2026
|
$5,098
|
2,816
|
Hercules Capital, Inc.
2.625%—09/16/2026
|
2,457
|
3,010
|
KKR Group Finance Co. VII LLC
3.625%—02/25/20501
|
2,064
|
3,000
|
KKR Group Finance Co. X LLC
3.250%—12/15/20511
|
1,931
|
1,709
|
Oaktree Specialty Lending Corp.
2.700%—01/15/2027
|
1,505
|
5,500
|
Sixth Street Specialty Lending, Inc.
2.500%—08/01/2026
|
4,850
|
|
|
44,458
|
Commercial Services & Supplies—1.0%
|
||
1,927
|
Allegion U.S. Holding Co., Inc.
5.411%—07/01/2032
|
1,912
|
4,851
|
Element Fleet Management Corp.
6.271%—06/26/20261
|
4,876
|
3,519
|
Triton Container International Ltd.
2.050%—04/15/20261
|
3,107
|
|
|
9,895
|
Consumer Finance—0.9%
|
||
2,451
|
FirstCash, Inc.
4.625%—09/01/20281
|
2,190
|
1,704
|
Navient Corp. MTN6
6.125%—03/25/2024
|
1,699
|
2,800
|
OneMain Finance Corp.
6.875%—03/15/2025
|
2,793
|
2,856
|
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer,
Inc.
2.875%—10/15/20261
|
2,545
|
|
|
9,227
|
Consumer Staples Distribution & Retail—0.4%
|
||
3,875
|
LKQ Corp.
5.750%—06/15/20281
|
3,856
|
Diversified Consumer Services—0.4%
|
||
4,400
|
Service Corp. International
4.000%—05/15/2031
|
3,755
|
Diversified Financial Services—0.1%
|
||
916
|
National Rural Utilities Cooperative Finance Corp.
8.541% (3 Month USD Term SOFR + 3.172%)
04/30/20432
|
892
|
Diversified Telecommunication Services—0.2%
|
||
2,915
|
Verizon Communications, Inc.
3.700%—03/22/2061
|
2,068
|
Electric Utilities—1.5%
|
||
2,601
|
CMS Energy Corp.
3.750%—12/01/20505
|
2,009
|
|
Exelon Corp.
|
|
3,100
|
4.050%—04/15/2030
|
2,901
|
1,500
|
5.625%—06/15/2035
|
1,520
|
|
|
4,421
|
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Electric Utilities—Continued
|
||
|
Jersey Central Power & Light Co.
|
|
$900
|
4.300%—01/15/20261
|
$872
|
1,600
|
4.700%—04/01/20241
|
1,585
|
|
|
2,457
|
2,877
|
New England Power Co.
5.936%—11/25/20521
|
3,012
|
2,865
|
NRG Energy, Inc.
7.000%—03/15/20331
|
2,861
|
|
|
14,760
|
Entertainment—0.2%
|
||
2,000
|
Warnermedia Holdings, Inc.
5.141%—03/15/2052
|
1,627
|
Equity Real Estate Investment Trusts (REITs)—2.2%
|
||
1,400
|
Agree LP
2.900%—10/01/2030
|
1,168
|
2,100
|
Alexandria Real Estate Equities, Inc.
2.750%—12/15/2029
|
1,787
|
4,905
|
Boston Properties LP
2.750%—10/01/2026
|
4,428
|
|
EPR Properties
|
|
1,900
|
4.500%—06/01/2027
|
1,724
|
600
|
4.950%—04/15/2028
|
540
|
|
|
2,264
|
5,000
|
Equinix, Inc.
1.000%—09/15/2025
|
4,553
|
4,500
|
GLP Capital LP/GLP Financing II, Inc.
4.000%—01/15/2030
|
3,928
|
4,700
|
Spirit Realty LP
3.400%—01/15/2030
|
4,047
|
|
|
22,175
|
Financial Services—0.3%
|
||
3,249
|
Charles Schwab Corp.
5.643%—05/19/20295
|
3,280
|
Health Care Providers & Services—1.5%
|
||
1,325
|
CommonSpirit Health
4.187%—10/01/2049
|
1,073
|
|
CVS Pass-Through Trust
|
|
370
|
6.943%—01/10/2030
|
383
|
4,360
|
7.507%—01/10/20321
|
4,543
|
|
|
4,926
|
4,000
|
HCA, Inc.
5.375%—09/01/2026
|
3,991
|
2,400
|
IQVIA, Inc.
5.700%—05/15/20281
|
2,388
|
3,347
|
Pediatrix Medical Group, Inc.
5.375%—02/15/20301
|
3,025
|
|
|
15,403
|
Hotels, Restaurants & Leisure—0.4%
|
||
5,000
|
Marriott International, Inc.
3.500%—10/15/2032
|
4,331
|
Industrial Conglomerates—0.7%
|
||
4,540
|
Ashtead Capital, Inc.
5.550%—05/30/20331
|
4,420
|
⬤
15
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Industrial Conglomerates—Continued
|
||
$3,800
|
Textron, Inc.
2.450%—03/15/2031
|
$3,137
|
|
|
7,557
|
Insurance—0.9%
|
||
4,000
|
GA Global Funding Trust
1.950%—09/15/20281
|
3,374
|
1,687
|
Global Atlantic Fin Co.
7.950%—06/15/20331
|
1,692
|
5,675
|
SBL Holdings, Inc.
5.000%—02/18/20311
|
4,452
|
|
|
9,518
|
Media—0.9%
|
||
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
4,775
|
5.375%—05/01/2047
|
3,905
|
2,400
|
6.384%—10/23/2035
|
2,359
|
|
|
6,264
|
2,623
|
Paramount Global
4.000%—01/15/2026
|
2,517
|
|
|
8,781
|
Metals & Mining—0.5%
|
||
5,267
|
Anglo American Capital PLC
3.875%—03/16/20291
|
4,809
|
Oil, Gas & Consumable Fuels—1.4%
|
||
5,589
|
Cheniere Energy Partners LP
5.950%—06/30/20331
|
5,663
|
1,094
|
Hess Midstream Operations LP
5.500%—10/15/20301
|
1,029
|
1,193
|
Kinder Morgan, Inc.
5.050%—02/15/2046
|
1,040
|
2,020
|
New Fortress Energy, Inc.
6.750%—09/15/20251
|
1,926
|
7,629
|
Occidental Petroleum Corp.
0.000%—10/10/20367
|
4,030
|
|
|
13,688
|
Pharmaceuticals—0.4%
|
||
1,500
|
Takeda Pharmaceutical Co. Ltd.
2.050%—03/31/2030
|
1,246
|
3,000
|
Teva Pharmaceutical Finance Netherlands III BV
6.750%—03/01/2028
|
2,979
|
|
|
4,225
|
Professional Services—0.2%
|
||
1,642
|
KBR, Inc.
4.750%—09/30/20281
|
1,504
|
Road & Rail—0.8%
|
||
1,145
|
Canadian Pacific Railway Co.
6.125%—09/15/2115
|
1,175
|
3,800
|
Norfolk Southern Corp.
4.050%—08/15/2052
|
3,108
|
4,077
|
Ryder System, Inc. MTN6
5.250%—06/01/2028
|
4,045
|
|
|
8,328
|
Corporate Bonds & Notes—Continued
|
||
Principal
Amount
|
|
Value
|
Semiconductors & Semiconductor Equipment—1.4%
|
||
|
Broadcom, Inc.
|
|
$6,904
|
3.137%—11/15/20351
|
$5,301
|
4,003
|
3.469%—04/15/20341
|
3,286
|
|
|
8,587
|
1,230
|
KLA Corp.
5.650%—11/01/2034
|
1,257
|
4,600
|
NXP BV/NXP Funding LLC/NXP USA, Inc.
3.875%—06/18/2026
|
4,414
|
|
|
14,258
|
Software—0.6%
|
||
3,500
|
Oracle Corp.
3.600%—04/01/2040
|
2,699
|
3,600
|
VMware, Inc.
4.650%—05/15/2027
|
3,511
|
|
|
6,210
|
Specialty Retail—1.0%
|
||
2,900
|
Group 1 Automotive, Inc.
4.000%—08/15/20281
|
2,571
|
2,956
|
Lithia Motors, Inc.
3.875%—06/01/20291
|
2,549
|
2,113
|
Lowe’s Cos., Inc.
5.625%—04/15/2053
|
2,102
|
3,612
|
Macy’s Retail Holdings LLC
5.875%—03/15/20301
|
3,265
|
|
|
10,487
|
Technology Hardware, Storage & Peripherals—0.3%
|
||
3,225
|
Seagate HDD Cayman
8.250%—12/15/20291
|
3,383
|
Trading Companies & Distributors—1.0%
|
||
6,200
|
Aircastle Ltd.
2.850%—01/26/20281
|
5,377
|
5,300
|
Aviation Capital Group LLC
4.125%—08/01/20251
|
5,036
|
|
|
10,413
|
Wireless Telecommunication Services—0.9%
|
||
1,118
|
American Tower Corp.
3.650%—03/15/2027
|
1,052
|
4,000
|
Crown Castle, Inc.
3.700%—06/15/2026
|
3,811
|
4,000
|
T-Mobile USA, Inc.
5.050%—07/15/2033
|
3,916
|
|
|
8,779
|
Total Corporate Bonds & Notes
(Cost $318,955)
|
292,875
|
Mortgage Pass-Through—26.5%
|
||
|
|
|
|
Federal Home Loan Mortgage Corp.
|
|
30,212
|
2.500%—07/01/2050-05/01/2052 |
25,679
|
16,971
|
3.000%—02/01/2033-01/01/2050 |
15,200
|
221
|
3.500%—01/01/2026-02/01/2035 |
211
|
12,596
|
4.000%—03/01/2025-11/01/2048 |
12,027
|
3
|
4.307% (U.S. Treasury Yield Curve Rate T Note 1 Year Constant Maturity Treasury + 2.250)
08/01/20352
|
3
|
⬤
16
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
Mortgage Pass-Through—Continued
|
||
Principal
Amount
|
|
Value
|
$—
|
4.375% (U.S. Treasury Yield Curve Rate T Note 1 Year Constant Maturity Treasury + 2.250)
06/01/20242
|
$—
|
151
|
4.500%—12/01/2040-09/01/2041 |
149
|
406
|
5.500%—02/01/2038-07/01/2038 |
417
|
1,403
|
6.000%—01/01/2029-05/01/2040 |
1,455
|
|
|
55,141
|
|
Federal Home Loan Mortgage Corp. REMIC8
|
|
3,959
|
Series 4628 Cl. CI
3.000%—05/15/2035
|
351
|
4,290
|
Series 4118 Cl. IO
4.000%—10/15/2042
|
711
|
1,322
|
Series 4989 Cl. FA
4.363% (1 Month USD LIBOR + 0.350) 08/15/20402
|
1,279
|
1,271
|
Series 4989 Cl. FB
4.514% (1 Month USD LIBOR + 0.350) 10/15/20402
|
1,222
|
—
|
Series 2266 Cl. F
5.632% (30 day USD SOFR Average + 0.564%)
11/15/20302
|
—
|
|
|
3,563
|
8,233
|
Federal Home Loan Mortgage Corp. Strips
Series 304 Cl. C45
3.000%—12/15/2027
|
345
|
|
Federal Home Loan Mortgage Corp. Structured
Pass-Through Certificates
|
|
10
|
Series E3 Cl. A
4.410%—08/15/20322
|
10
|
43
|
Series T-63 Cl. 1A1
5.414% (Fed 12 Month Treasury Average Constant
Maturity Treasury + 1.200) 02/25/20452
|
41
|
|
|
51
|
|
Federal National Mortgage Association
|
|
3,818
|
2.000%—02/01/2051 |
3,097
|
45,075
|
2.500%—04/01/2035-04/01/2052 |
39,108
|
32,878
|
3.000%—11/01/2025-12/01/2050 |
29,408
|
20,522
|
3.500%—12/01/2025-01/01/2051 |
18,874
|
40,173
|
4.000%—02/01/2024-07/01/2051 |
38,462
|
28,174
|
4.500%—04/01/2023-12/01/2050 |
27,524
|
994
|
5.000%—10/01/2031-06/01/2044 |
988
|
92
|
5.377% (Fed 12 Month Treasury Average Constant Maturity Treasury + 1.400) 10/01/20402
|
90
|
245
|
5.440% (12 Month USD LIBOR + 1.693) 08/01/20352
|
241
|
9,876
|
5.500%—01/01/2025-09/01/2041 |
10,082
|
194
|
5.738% (12 Month USD LIBOR + 1.715) 06/01/20352
|
197
|
18
|
5.820% (12 Month USD LIBOR + 1.695) 05/01/20352
|
18
|
3,117
|
6.000%—05/01/2024-06/01/2040 |
3,199
|
|
|
171,288
|
5,396
|
Federal National Mortgage Association Interest
Strips
Series 407 Cl. 7
5.000%—03/25/2041
|
1,179
|
|
Federal National Mortgage Association REMIC8
|
|
10,138
|
Series 2017-70 Cl. AS
0.369%—09/25/20572
|
416
|
4,812
|
Series 2011-98 Cl. ZL
3.500%—10/25/2041
|
4,433
|
3,028
|
Series 2016-102 Cl. JI
3.500%—02/25/2046
|
200
|
Mortgage Pass-Through—Continued
|
||
Principal
Amount
|
|
Value
|
$7,988
|
Series 2020-27 Cl. IM
3.500%—05/25/2035
|
$750
|
6,974
|
Series 2020-44 Cl. AI
4.000%—07/25/2050
|
1,369
|
22
|
Series 2006-5 Cl. 3A2
4.127%—05/25/20352
|
22
|
1,589
|
Series 2015-38 Cl. DF
4.682% (1 Month USD LIBOR + 0.310) 06/25/20552
|
1,546
|
191
|
Series 2003-25 Cl. KP
5.000%—04/25/2033
|
187
|
2,679
|
Series 2015-30 Cl. EI
5.000%—05/25/2045
|
431
|
1,788
|
Series 2016-33 Cl. NI
5.000%—07/25/2034
|
296
|
2,188
|
Series 2011-59 Cl. YI
6.000%—07/25/2041
|
367
|
|
|
10,017
|
92
|
Federal National Mortgage Association REMIC
Trust8
Series 2003-W1 Cl. 1A1
4.803%—12/25/20422
|
87
|
|
Government National Mortgage Association
|
|
11
|
2.625% —09/20/2023-07/20/20272 |
11
|
30
|
2.750% —10/20/2025-11/20/20292 |
29
|
6
|
3.000% —07/20/2024-10/20/20252 |
5
|
554
|
3.000%—11/15/2049 |
493
|
103
|
3.625% —01/20/2025-02/20/20322 |
102
|
4,106
|
4.000%—09/15/2049-03/15/2050 |
3,935
|
1,189
|
4.500%—02/20/2049 |
1,160
|
17,373
|
5.000%—08/15/2033-06/15/2050 |
17,383
|
|
|
23,118
|
|
Government National Mortgage Association
REMIC8
|
|
4,321
|
Series 2010-47 Cl. SK
1.231% (1 Month USD Term SOFR + 6.486%)
07/20/20372
|
157
|
3,545
|
Series 2007-41 Cl. SM
1.331% (1 Month USD Term SOFR + 6.586%)
07/20/20372
|
256
|
4,491
|
Series 2020-4 Cl. DI
4.000%—03/20/2041
|
642
|
4,490
|
Series 2014-2 Cl. IC
5.000%—01/16/2044
|
850
|
597
|
Series 2015-180 Cl. CI
5.000%—12/16/2045
|
100
|
741
|
Series 2017-163 Cl. IE
5.500%—02/20/2039
|
139
|
339
|
Series 2016-136 Cl. IA
6.000%—10/20/2038
|
47
|
|
|
2,191
|
Total Mortgage Pass-Through
(Cost $294,094)
|
266,980
|
Municipal Bonds—0.6%
|
||
|
|
|
2,845
|
New York State Dormitory Authority
3.399%—03/15/2032
|
2,534
|
3,900
|
New York State Urban Development Corp.
1.496%—03/15/2027
|
3,488
|
Total Municipal Bonds
(Cost $6,745)
|
6,022
|
⬤
17
Harbor Core Plus Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Principal Amounts, Value and Cost in Thousands
U.S. Government Obligations—19.4%
|
||
Principal
Amount
|
|
Value
|
|
U.S. Small Business Administration
|
|
$2
|
Series 2003-20I Cl. 1
5.130%—09/01/2023
|
$2
|
567
|
Series 2009-20A Cl. 1
5.720%—01/01/2029
|
554
|
964
|
Series 2008-20H Cl. 1
6.020%—08/01/2028
|
940
|
|
|
1,496
|
|
U.S. Treasury Bonds
|
|
2,619
|
1.375%—08/15/2050 |
1,477
|
74,081
|
1.750%—08/15/2041 |
51,102
|
31,207
|
2.000%—08/15/2051 |
20,641
|
9,447
|
2.250%—02/15/2052 |
6,630
|
7,730
|
2.375%—02/15/2042 |
5,899
|
11,543
|
3.000%—08/15/2052 |
9,542
|
19,242
|
3.375%—08/15/2042 |
17,122
|
10,611
|
3.625%—05/15/2053 |
9,915
|
8,817
|
3.875%—05/15/2043 |
8,430
|
|
|
130,758
|
U.S. Government Obligations—Continued
|
||
Principal
Amount
|
|
Value
|
|
U.S. Treasury Notes
|
|
$6,332
|
2.750%—08/15/2032 |
$5,750
|
20,859
|
3.375%—05/15/2033 |
19,899
|
19,900
|
3.500%—01/31/2028 |
19,306
|
19,378
|
3.625%—05/31/2028 |
18,917
|
|
|
63,872
|
Total U.S. Government Obligations
(Cost $229,175)
|
196,126
|
|
TOTAL INVESTMENTS—99.1%
(Cost $1,111,937)
|
999,885
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.9%
|
9,332
|
|
TOTAL NET ASSETS—100.0%
|
$1,009,217
|
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 2.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
x
Fair valued in accordance with Harbor Funds' Valuation Procedures.
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $262,589 or 26% of net assets.
2
Variable or floating rate security; the stated rate represents the rate in effect at July 31, 2023. The variable rate for
such securities may be based on the indicated reference rate and spread or on an underlying asset or pool of assets rather than a reference rate
and may be determined by current interest rates, prepayments or other financial indicators.
3
CLO after the name of a security stands for Collateralized Loan Obligation.
4
Step coupon security; the stated rate represents the rate in effect at July 31, 2023.
5
Rate changes from fixed to variable rate at a specified date prior to its final maturity. Stated rate is fixed rate currently
in effect and stated date is the final maturity date.
6
MTN after the name of a security stands for Medium Term Note.
7
Zero coupon bond
8
REMICs are collateralized mortgage obligations which can hold mortgages secured by any type of real property and issue multiple-class
securities backed by those mortgages.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
18
Harbor Disruptive Innovation Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—98.6%
|
||
Shares
|
|
Value
|
AUTOMOBILES—1.8%
|
||
5,499
|
Tesla, Inc. *
|
$1,471
|
BIOTECHNOLOGY—9.7%
|
||
4,604
|
89bio, Inc. *
|
73
|
81,347
|
Adaptimmune Therapeutics PLC ADR*,1
|
77
|
12,841
|
Alkermes PLC *
|
376
|
41,964
|
Allogene Therapeutics, Inc. *
|
208
|
12,475
|
Arrowhead Pharmaceuticals, Inc. *
|
431
|
8,701
|
Ascendis Pharma AS ADR (Denmark)*,1
|
784
|
176,793
|
Autolus Therapeutics PLC ADR (United Kingdom)*,1
|
571
|
18,155
|
Avidity Biosciences, Inc. *
|
173
|
15,214
|
Bicycle Therapeutics PLC ADR (United Kingdom)*,1
|
374
|
42,399
|
C4 Therapeutics, Inc. *
|
165
|
8,768
|
Fate Therapeutics, Inc. *
|
36
|
7,742
|
Freeline Therapeutics Holdings PLC ADR (United
Kingdom)*,1
|
28
|
7,982
|
Intellia Therapeutics, Inc. *
|
338
|
40,732
|
Iovance Biotherapeutics, Inc. *
|
296
|
5,045
|
Krystal Biotech, Inc. *
|
651
|
9,019
|
Kymera Therapeutics, Inc. *
|
197
|
5,723
|
Legend Biotech Corp. ADR*,1
|
432
|
121,064
|
Magenta Therapeutics, Inc. *
|
97
|
4,400
|
Moderna, Inc. *
|
518
|
80,515
|
Precision BioSciences, Inc. *
|
47
|
19,318
|
REGENXBIO, Inc. *
|
367
|
26,738
|
Repare Therapeutics, Inc. (Canada)*
|
246
|
18,629
|
Replimune Group, Inc. *
|
392
|
39,954
|
Rocket Pharmaceuticals, Inc. *
|
721
|
1,583
|
Sarepta Therapeutics, Inc. *
|
172
|
210,096
|
Synlogic, Inc. *
|
103
|
15,648
|
UniQure NV (Netherlands)*
|
162
|
|
|
8,035
|
BROADLINE RETAIL—5.8%
|
||
19,788
|
Amazon.com, Inc. *
|
2,645
|
1,723
|
MercadoLibre, Inc. (Brazil)*
|
2,133
|
|
|
4,778
|
CHEMICALS—2.0%
|
||
4,299
|
Linde PLC
|
1,680
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—1.1%
|
||
136,659
|
Dada Nexus Ltd. ADR (China)*,1
|
914
|
ELECTRIC UTILITIES—0.4%
|
||
4,271
|
NextEra Energy, Inc.
|
313
|
ELECTRICAL EQUIPMENT—0.3%
|
||
915
|
Hubbell, Inc. Class B
|
285
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.7%
|
||
10,580
|
Cognex Corp.
|
578
|
ENTERTAINMENT—0.5%
|
||
6,028
|
Sea Ltd. ADR (Singapore)*,1
|
401
|
FINANCIAL SERVICES—6.3%
|
||
809
|
Adyen NV (Netherlands)*,2
|
1,502
|
20,868
|
Block, Inc. *
|
1,680
|
12,057
|
Fiserv, Inc. *
|
1,522
|
22,610
|
Toast, Inc. Class A*
|
499
|
|
|
5,203
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HEALTH CARE EQUIPMENT & SUPPLIES—3.8%
|
||
8,306
|
Dexcom, Inc. *
|
$1,035
|
741
|
IDEXX Laboratories, Inc. *
|
411
|
915
|
Inspire Medical Systems, Inc. *
|
263
|
1,627
|
Insulet Corp. *
|
450
|
3,646
|
Lantheus Holdings, Inc. *
|
315
|
2,527
|
Masimo Corp. *
|
309
|
944
|
The Cooper Companies, Inc.
|
370
|
|
|
3,153
|
HEALTH CARE PROVIDERS & SERVICES—0.2%
|
||
130,855
|
Invitae Corp. *
|
186
|
HOTELS, RESTAURANTS & LEISURE—5.1%
|
||
5,845
|
Airbnb, Inc. Class A*
|
889
|
403
|
Chipotle Mexican Grill, Inc. Class A*
|
791
|
777,265
|
Deliveroo PLC Class A (United Kingdom)*,2
|
1,311
|
13,119
|
DoorDash, Inc. Class A*
|
1,191
|
|
|
4,182
|
INSURANCE—1.6%
|
||
10,345
|
Progressive Corp.
|
1,303
|
INTERACTIVE MEDIA & SERVICES—2.9%
|
||
11,490
|
Alphabet, Inc. Class A*
|
1,525
|
2,716
|
Meta Platforms, Inc. Class A*
|
865
|
|
|
2,390
|
IT SERVICES—6.8%
|
||
16,889
|
Cloudflare, Inc. Class A*
|
1,161
|
2,310
|
MongoDB, Inc. Class A*
|
978
|
10,702
|
Okta, Inc. *
|
823
|
22,558
|
Shopify, Inc. Class A (Canada)*
|
1,524
|
6,187
|
Snowflake, Inc. Class A*
|
1,100
|
|
|
5,586
|
LIFE SCIENCES TOOLS & SERVICES—5.1%
|
||
886
|
Bio-Rad Laboratories, Inc. Class A*
|
359
|
6,884
|
Danaher Corp.
|
1,756
|
5,012
|
ICON PLC *
|
1,260
|
746
|
Lonza Group AG (Switzerland)
|
434
|
762
|
Thermo Fisher Scientific, Inc.
|
418
|
|
|
4,227
|
MACHINERY—1.1%
|
||
5,139
|
Chart Industries, Inc. *
|
936
|
PHARMACEUTICALS—1.4%
|
||
10,464
|
Arvinas, Inc. *
|
259
|
6,195
|
Catalent, Inc. *
|
301
|
1,336
|
Eli Lilly & Co.
|
607
|
|
|
1,167
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—14.5%
|
||
21,073
|
Advanced Micro Devices, Inc. *
|
2,411
|
5,694
|
Applied Materials, Inc.
|
863
|
2,486
|
ASML Holding NV (Netherlands)
|
1,780
|
3,670
|
Lam Research Corp.
|
2,637
|
7,154
|
Lattice Semiconductor Corp. *
|
650
|
6,566
|
Microchip Technology, Inc.
|
617
|
2,929
|
NVIDIA Corp.
|
1,369
|
9,404
|
Texas Instruments, Inc.
|
1,693
|
|
|
12,020
|
⬤
19
Harbor Disruptive Innovation Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SOFTWARE—23.6%
|
||
293,514
|
Agora, Inc. ADR (China)*,1
|
$948
|
3,281
|
Atlassian Corp. PLC Class A*
|
597
|
9,703
|
Box, Inc. Class A*
|
303
|
6,986
|
Cadence Design Systems, Inc. *
|
1,635
|
5,239
|
Datadog, Inc. Class A*
|
612
|
25,849
|
Domo, Inc. Class B*
|
462
|
7,641
|
Dynatrace, Inc. *
|
418
|
12,696
|
Fortinet, Inc. *
|
987
|
1,845
|
HubSpot, Inc. *
|
1,071
|
10,599
|
Microsoft Corp.
|
3,560
|
2,963
|
Palo Alto Networks, Inc. *
|
741
|
9,337
|
Procore Technologies, Inc. *
|
708
|
5,665
|
Salesforce, Inc. *
|
1,275
|
52,507
|
Samsara, Inc. Class A*
|
1,467
|
4,225
|
ServiceNow, Inc. *
|
2,463
|
18,652
|
Smartsheet, Inc. Class A*
|
828
|
7,220
|
Splunk, Inc. *
|
782
|
2,992
|
Workday, Inc. Class A*
|
709
|
|
|
19,566
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SPECIALTY RETAIL—1.0%
|
||
144,312
|
Farfetch Ltd. Class A (United Kingdom)*
|
$834
|
TRADING COMPANIES & DISTRIBUTORS—1.2%
|
||
2,182
|
United Rentals, Inc.
|
1,014
|
WIRELESS TELECOMMUNICATION SERVICES—1.7%
|
||
10,311
|
T-Mobile US, Inc. *
|
1,421
|
TOTAL COMMON STOCKS
(Cost $71,956)
|
81,643
|
|
TOTAL INVESTMENTS—98.6%
(Cost $71,956)
|
81,643
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—1.4%
|
1,129
|
|
TOTAL NET ASSETS—100%
|
$82,772
|
FAIR VALUE MEASUREMENTS
As of July 31, 2023, the investments in Adyen NV, ASML Holding NV, Deliveroo PLC, and Lonza Group AG (as disclosed in the
preceding Portfolio of Investments) were classified as Level 2 and all other investments were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
2
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $2,813 or 3% of net assets.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
20
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—97.9%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—1.1%
|
||
17,871
|
Airbus SE (France)
|
$2,633
|
403,815
|
BAE Systems PLC (United Kingdom)
|
4,829
|
104,749
|
Melrose Industries PLC (United Kingdom)
|
713
|
1,169,921
|
Rolls-Royce Holdings PLC (United Kingdom)*
|
2,774
|
|
|
10,949
|
AIR FREIGHT & LOGISTICS—0.2%
|
||
30,279
|
Oesterreichische Post AG (Austria)
|
1,105
|
112,500
|
Senko Group Holdings Co. Ltd. (Japan)
|
814
|
|
|
1,919
|
AUTOMOBILE COMPONENTS—0.7%
|
||
93,500
|
Bridgestone Corp. (Japan)
|
3,880
|
104,008
|
Dowlais Group PLC (United Kingdom)*
|
164
|
236,058
|
Gestamp Automocion SA (Spain)1
|
1,146
|
309,156
|
Johnson Electric Holdings Ltd. (Hong Kong)
|
426
|
31,204
|
Magna International, Inc. (Canada)
|
2,007
|
|
|
7,623
|
AUTOMOBILES—0.4%
|
||
32,309
|
Bayerische Motoren Werke AG (Germany)
|
3,940
|
BANKS—12.0%
|
||
152,780
|
ANZ Group Holdings Ltd. (Australia)
|
2,651
|
565,954
|
Bank of Ireland Group PLC (Ireland)
|
5,971
|
59,432
|
Bank of Nova Scotia (Canada)
|
2,993
|
3,548,749
|
Barclays PLC (United Kingdom)
|
7,042
|
112,062
|
BNP Paribas SA (France)
|
7,390
|
1,242,895
|
CaixaBank SA (Spain)
|
5,028
|
52,873
|
Capitec Bank Holdings Ltd. (South Africa)
|
5,304
|
74,595
|
Close Brothers Group PLC (United Kingdom)
|
883
|
158,347
|
DBS Group Holdings Ltd. (Singapore)
|
4,085
|
171,512
|
DNB Bank ASA (Norway)
|
3,534
|
52,100
|
Fukuoka Financial Group, Inc. (Japan)
|
1,255
|
937,600
|
Grupo Financiero Banorte SAB de CV (Mexico)
|
8,891
|
203,815
|
HDFC Bank Ltd. ADR (India)2
|
13,917
|
131,162
|
HSBC Holdings PLC (United Kingdom)
|
1,098
|
9,542,907
|
Lloyds Banking Group PLC (United Kingdom)
|
5,513
|
21,333,700
|
PT Bank Central Asia Tbk (Indonesia)
|
12,920
|
1,153,700
|
Resona Holdings, Inc. (Japan)
|
6,281
|
193,397
|
Shinhan Financial Group Co. Ltd. (South Korea)
|
5,323
|
396,505
|
Standard Chartered PLC (United Kingdom)
|
3,809
|
29,400
|
Sumitomo Mitsui Financial Group, Inc. (Japan)
|
1,377
|
122,600
|
Sumitomo Mitsui Trust Holdings, Inc. (Japan)
|
4,769
|
359,714
|
Svenska Handelsbanken AB Class A (Sweden)
|
3,158
|
355,843
|
UniCredit SpA (Italy)
|
9,010
|
84,782
|
United Overseas Bank Ltd. (Singapore)
|
1,923
|
|
|
124,125
|
BEVERAGES—3.1%
|
||
428,400
|
Arca Continental SAB de CV (Mexico)
|
4,299
|
50,300
|
Asahi Group Holdings Ltd. (Japan)
|
1,977
|
20,251
|
Carlsberg AS Class B (Denmark)
|
3,037
|
33,237
|
Coca-Cola Europacific Partners PLC (United
Kingdom)
|
2,107
|
250,579
|
Davide Campari-Milano NV (Italy)
|
3,370
|
153,106
|
Diageo PLC (United Kingdom)
|
6,682
|
50,356
|
Heineken NV (Netherlands)
|
4,929
|
402,700
|
Kirin Holdings Co. Ltd. (Japan)
|
5,948
|
|
|
32,349
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
BIOTECHNOLOGY—0.5%
|
||
25,615
|
CSL Ltd. (United States)
|
$4,614
|
BROADLINE RETAIL—1.7%
|
||
52,907
|
Naspers Ltd. (South Africa)
|
10,396
|
357,852
|
Vipshop Holdings Ltd. ADR (China)*,2
|
6,738
|
|
|
17,134
|
BUILDING PRODUCTS—0.9%
|
||
210,941
|
Assa Abloy AB Class B (Sweden)
|
5,072
|
299,619
|
Fletcher Building Ltd. (New Zealand)
|
1,039
|
6,452
|
Geberit AG (Switzerland)
|
3,661
|
|
|
9,772
|
CAPITAL MARKETS—3.3%
|
||
338,884
|
3i Group PLC (United Kingdom)
|
8,598
|
2,809,700
|
B3 SA - Brasil Bolsa Balcao (Brazil)
|
8,853
|
48,556
|
Brookfield Asset Management Ltd. Class A
(Canada)
|
1,638
|
194,220
|
Brookfield Corp. Class A (Canada)
|
6,780
|
95,714
|
IG Group Holdings PLC (United Kingdom)
|
870
|
447,231
|
Jupiter Fund Management PLC (United Kingdom)
|
657
|
21,058
|
Macquarie Group Ltd. (Australia)
|
2,483
|
560,400
|
Nomura Holdings, Inc. (Japan)
|
2,318
|
38,179
|
Rathbones Group PLC (United Kingdom)
|
883
|
90,128
|
St. James’s Place PLC (United Kingdom)
|
1,088
|
|
|
34,168
|
CHEMICALS—1.1%
|
||
193,600
|
Air Water, Inc. (Japan)
|
2,726
|
110,618
|
BASF SE (Germany)
|
5,930
|
35,600
|
Nissan Chemical Corp. (Japan)
|
1,600
|
29,700
|
Sumitomo Bakelite Co. Ltd. (Japan)
|
1,293
|
|
|
11,549
|
COMMERCIAL SERVICES & SUPPLIES—1.3%
|
||
24,859
|
Befesa SA (Spain)1
|
953
|
121,338
|
Brambles Ltd. (Australia)
|
1,148
|
808,419
|
Cleanaway Waste Management Ltd. (Australia)
|
1,500
|
40,900
|
Daiei Kankyo Co. Ltd. (Japan)
|
693
|
67,146
|
Elis SA (France)
|
1,387
|
72,978
|
RB Global, Inc. (Canada)3
|
4,713
|
14,600
|
Secom Co. Ltd. (Japan)
|
980
|
1,091,774
|
Serco Group PLC (United Kingdom)
|
2,176
|
|
|
13,550
|
CONSTRUCTION & ENGINEERING—1.2%
|
||
180,800
|
INFRONEER Holdings, Inc. (Japan)
|
1,760
|
376,900
|
Obayashi Corp. (Japan)
|
3,485
|
234,000
|
Penta-Ocean Construction Co. Ltd. (Japan)
|
1,270
|
163,674
|
SNC-Lavalin Group, Inc. (Canada)
|
4,755
|
33,055
|
Taisei Corp. (Japan)
|
1,253
|
|
|
12,523
|
CONSTRUCTION MATERIALS—1.2%
|
||
31,547
|
CRH PLC (Ireland)
|
1,879
|
58,843
|
Holcim Ltd. (United States)*
|
4,101
|
20,201
|
James Hardie Industries PLC CDI (United States)*,2
|
592
|
143,100
|
Taiheiyo Cement Corp. (Japan)
|
2,989
|
99,151
|
Wienerberger AG (Austria)
|
3,256
|
|
|
12,817
|
⬤
21
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
CONSUMER FINANCE—0.2%
|
||
320,035
|
International Personal Finance PLC (United
Kingdom)
|
$477
|
85,500
|
Marui Group Co. Ltd. (Japan)
|
1,532
|
166,468
|
Vanquis Banking Group PLC (United Kingdom)
|
269
|
|
|
2,278
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—2.8%
|
||
117,406
|
Alimentation Couche-Tard, Inc. (Canada)
|
5,944
|
268,063
|
Bid Corp. Ltd. (South Africa)
|
6,345
|
69,294
|
HelloFresh SE (Germany)*
|
1,976
|
123,753
|
Koninklijke Ahold Delhaize NV (Netherlands)
|
4,265
|
69,885
|
Loblaw Cos. Ltd. (Canada)
|
6,201
|
14,900
|
MatsukiyoCocokara & Co. (Japan)
|
872
|
279,974
|
Metcash Ltd. (Australia)
|
678
|
33,800
|
Seven & i Holdings Co. Ltd. (Japan)
|
1,402
|
213,859
|
Tesco PLC (United Kingdom)
|
708
|
140,921
|
X5 Retail Group NV GDR (Russia)*,2
|
—
x
|
|
|
28,391
|
CONTAINERS & PACKAGING—0.4%
|
||
328,728
|
DS Smith PLC (United Kingdom)
|
1,307
|
151,500
|
Toyo Seikan Group Holdings Ltd. (Japan)
|
2,463
|
|
|
3,770
|
DISTRIBUTORS—0.3%
|
||
314,167
|
Inchcape PLC (United Kingdom)
|
3,304
|
DIVERSIFIED TELECOMMUNICATION SERVICES—1.3%
|
||
42,942
|
BCE, Inc. (Canada)
|
1,855
|
1,044,906
|
Koninklijke KPN NV (Netherlands)
|
3,780
|
6,967,500
|
Nippon Telegraph & Telephone Corp. (Japan)
|
7,990
|
|
|
13,625
|
ELECTRIC UTILITIES—0.2%
|
||
19,222
|
Orsted AS (Denmark)1
|
1,673
|
ELECTRICAL EQUIPMENT—2.9%
|
||
152,784
|
ABB Ltd. (Switzerland)
|
6,131
|
230,723
|
Havells India Ltd. (India)
|
3,749
|
43,410
|
Legrand SA (France)
|
4,352
|
234,000
|
Mitsubishi Electric Corp. (Japan)
|
3,377
|
27,527
|
Schneider Electric SE (United States)
|
4,910
|
270,985
|
Vestas Wind Systems AS (Denmark)*
|
7,248
|
|
|
29,767
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.2%
|
||
685,315
|
Delta Electronics, Inc. (Taiwan)
|
8,000
|
23,800
|
Kyocera Corp. (Japan)
|
1,281
|
11,800
|
Omron Corp. (Japan)
|
633
|
59,500
|
TDK Corp. (Japan)
|
2,279
|
38,600
|
Topcon Corp. (Japan)
|
470
|
|
|
12,663
|
ENERGY EQUIPMENT & SERVICES—0.2%
|
||
268,479
|
John Wood Group PLC (United Kingdom)*
|
510
|
54,472
|
Technip Energies NV (France)
|
1,242
|
|
|
1,752
|
ENTERTAINMENT—0.1%
|
||
17,040
|
CTS Eventim AG & Co. KGaA (Germany)
|
1,163
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
FINANCIAL SERVICES—1.1%
|
||
785,443
|
AMP Ltd. (Australia)
|
$598
|
700,802
|
Chailease Holding Co. Ltd. (Taiwan)*
|
4,640
|
68,318
|
Challenger Ltd. (Australia)
|
330
|
91,731
|
Edenred (France)
|
5,958
|
|
|
11,526
|
FOOD PRODUCTS—1.0%
|
||
894,000
|
First Pacific Co. Ltd. (Indonesia)
|
324
|
575,208
|
Marico Ltd. (India)
|
3,935
|
57,100
|
Megmilk Snow Brand Co. Ltd. (Japan)
|
787
|
52,200
|
NH Foods Ltd. (Japan)
|
1,506
|
52,500
|
Toyo Suisan Kaisha Ltd. (Japan)
|
2,171
|
22,591
|
Viscofan SA (Spain)
|
1,467
|
|
|
10,190
|
GROUND TRANSPORTATION—1.6%
|
||
78,447
|
Canadian Pacific Kansas City Ltd. (Canada)
|
6,455
|
27,100
|
East Japan Railway Co. (Japan)
|
1,534
|
573,458
|
Localiza Rent a Car SA (Brazil)
|
8,152
|
637,235
|
Mobico Group PLC (United Kingdom)
|
764
|
|
|
16,905
|
HEALTH CARE EQUIPMENT & SUPPLIES—2.1%
|
||
44,904
|
Coloplast AS Class B (Denmark)
|
5,582
|
1,104,784
|
ConvaTec Group PLC (United Kingdom)1
|
2,960
|
65,677
|
Demant AS (Denmark)*
|
2,614
|
25,103
|
EssilorLuxottica SA (France)
|
5,050
|
38,716
|
Getinge AB Class B (Sweden)
|
721
|
63,190
|
Koninklijke Philips NV (Netherlands)
|
1,313
|
68,183
|
Smith & Nephew PLC (United Kingdom)
|
1,037
|
9,150
|
Sonova Holding AG (Switzerland)
|
2,550
|
|
|
21,827
|
HEALTH CARE PROVIDERS & SERVICES—0.8%
|
||
52,642
|
Amplifon SpA (Italy)
|
1,781
|
87,426
|
Fresenius Medical Care AG & Co. KGaA (Germany)
|
4,540
|
96,600
|
Medipal Holdings Corp. (Japan)
|
1,656
|
47,400
|
Ship Healthcare Holdings, Inc. (Japan)
|
768
|
|
|
8,745
|
HOTELS, RESTAURANTS & LEISURE—3.3%
|
||
50,344
|
Aristocrat Leisure Ltd. (Australia)
|
1,333
|
269,357
|
Compass Group PLC (United Kingdom)
|
7,008
|
278,054
|
Entain PLC (United Kingdom)
|
4,953
|
48,414
|
Flutter Entertainment PLC (Australia)*
|
9,630
|
287,000
|
Galaxy Entertainment Group Ltd. (Hong Kong)*
|
2,095
|
23,630
|
InterContinental Hotels Group PLC (United
Kingdom)
|
1,746
|
137,935
|
Playtech PLC (United Kingdom)*
|
992
|
1,456,355
|
SSP Group PLC (United Kingdom)*
|
4,702
|
215,658
|
TUI AG (Germany)*
|
1,747
|
|
|
34,206
|
HOUSEHOLD DURABLES—1.3%
|
||
173,408
|
Barratt Developments PLC (United Kingdom)
|
1,015
|
51,542
|
GN Store Nord AS (Denmark)*
|
1,374
|
892,815
|
Midea Group Co. Ltd. Class A (China)
|
7,421
|
62,200
|
Sekisui Chemical Co. Ltd. (Japan)
|
945
|
21,400
|
Sony Group Corp. (Japan)
|
2,005
|
489,701
|
Taylor Wimpey PLC (United Kingdom)
|
719
|
|
|
13,479
|
⬤
22
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HOUSEHOLD PRODUCTS—0.6%
|
||
75,690
|
Reckitt Benckiser Group PLC (United Kingdom)
|
$5,670
|
INDUSTRIAL CONGLOMERATES—1.3%
|
||
240,500
|
CK Hutchison Holdings Ltd. (United Kingdom)
|
1,483
|
40,515
|
DCC PLC (United Kingdom)
|
2,346
|
94,400
|
Hitachi Ltd. (Japan)
|
6,180
|
46,000
|
Jardine Matheson Holdings Ltd. (Hong Kong)
|
2,272
|
163,100
|
Nisshinbo Holdings, Inc. (Japan)
|
1,402
|
|
|
13,683
|
INSURANCE—5.8%
|
||
65,887
|
Admiral Group PLC (United Kingdom)
|
1,799
|
1,787,400
|
AIA Group Ltd. (Hong Kong)
|
17,882
|
207,400
|
Dai-ichi Life Holdings, Inc. (Japan)
|
4,238
|
17,147
|
Fairfax Financial Holdings Ltd. (Canada)
|
13,680
|
71,800
|
Great Eastern Holdings Ltd. (Singapore)
|
1,002
|
10,920
|
Hannover Rueck SE (Germany)
|
2,330
|
145,748
|
Hiscox Ltd. (United Kingdom)
|
2,017
|
191,700
|
Japan Post Holdings Co. Ltd. (Japan)
|
1,400
|
19,350
|
Prudential PLC (Hong Kong)
|
271
|
211,998
|
Prudential PLC (United Kingdom)
|
2,944
|
316,764
|
QBE Insurance Group Ltd. (Australia)
|
3,363
|
97,089
|
Sampo Oyj Class A (Finland)
|
4,278
|
190,300
|
Tokio Marine Holdings, Inc. (Japan)
|
4,376
|
|
|
59,580
|
INTERACTIVE MEDIA & SERVICES—1.3%
|
||
230,915
|
Auto Trader Group PLC (United Kingdom)1
|
1,915
|
46,233
|
Baidu, Inc. ADR (China)*,2
|
7,212
|
44,089
|
carsales.com Ltd. (Australia)
|
737
|
533,155
|
Rightmove PLC (United Kingdom)
|
3,906
|
|
|
13,770
|
IT SERVICES—2.3%
|
||
11,861
|
Alten SA (France)
|
1,708
|
298,067
|
Infosys Ltd. ADR (India)2
|
4,966
|
79,000
|
NEC Corp. (Japan)
|
3,997
|
48,700
|
NET One Systems Co. Ltd. (Japan)
|
1,070
|
38,400
|
NS Solutions Corp. (Japan)
|
1,008
|
50,200
|
NTT Data Group Corp. (Japan)
|
698
|
4,125
|
Reply SpA (Italy)
|
447
|
106,100
|
SCSK Corp. (Japan)
|
1,764
|
38,157
|
Softcat PLC (United Kingdom)
|
735
|
171,858
|
Tata Consultancy Services Ltd. (India)
|
7,146
|
|
|
23,539
|
LEISURE PRODUCTS—0.6%
|
||
8,851
|
MIPS AB (Sweden)
|
401
|
124,500
|
Sega Sammy Holdings, Inc. (Japan)
|
2,722
|
125,304
|
Spin Master Corp. (Canada)1
|
3,341
|
|
|
6,464
|
LIFE SCIENCES TOOLS & SERVICES—0.4%
|
||
37,890
|
Eurofins Scientific SE (Luxembourg)
|
2,606
|
14,460
|
Gerresheimer AG (Germany)
|
1,713
|
|
|
4,319
|
MACHINERY—4.4%
|
||
30,956
|
Alfa Laval AB (Sweden)
|
1,159
|
29,501
|
ANDRITZ AG (Austria)
|
1,558
|
356,364
|
CNH Industrial NV (United Kingdom)
|
5,147
|
73,100
|
Daifuku Co. Ltd. (Japan)
|
1,563
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MACHINERY—Continued
|
||
169,078
|
Fluidra SA (Spain)
|
$3,739
|
28,890
|
GEA Group AG (Germany)
|
1,226
|
106,892
|
Iveco Group NV (Italy)*
|
1,014
|
30,900
|
Komatsu Ltd. (Japan)
|
866
|
69,200
|
Kubota Corp. (Japan)
|
1,045
|
91,300
|
Mitsubishi Heavy Industries Ltd. (Japan)
|
4,332
|
36,200
|
Miura Co. Ltd. (Japan)
|
913
|
100,800
|
NSK Ltd. (Japan)
|
652
|
256,221
|
Rotork PLC (United Kingdom)
|
1,015
|
114,599
|
Sandvik AB (Sweden)
|
2,328
|
1,474,000
|
Sany Heavy Industry Co. Ltd. Class A (China)
|
3,667
|
22,826
|
Stabilus SE (Germany)
|
1,301
|
527,000
|
Techtronic Industries Co. Ltd. (Hong Kong)
|
5,987
|
25,800
|
Toyota Industries Corp. (Japan)
|
1,865
|
93,378
|
Wartsila Oyj Abp (Finland)
|
1,173
|
3,219,000
|
Weichai Power Co. Ltd. Class H (China)
|
4,769
|
|
|
45,319
|
MARINE TRANSPORTATION—0.1%
|
||
207,747
|
Irish Continental Group PLC (Ireland)
|
1,101
|
MEDIA—1.3%
|
||
191,500
|
Fuji Media Holdings, Inc. (Japan)
|
2,120
|
103,134
|
Future PLC (United Kingdom)
|
1,107
|
77,700
|
Hakuhodo DY Holdings, Inc. (Japan)
|
894
|
2,047,600
|
ITV PLC (United Kingdom)
|
1,902
|
68,576
|
JCDecaux SE (France)*
|
1,285
|
129,720
|
Nippon Television Holdings, Inc. (Japan)
|
1,232
|
16,594
|
Schibsted ASA Class A (Norway)
|
355
|
7,586
|
Schibsted ASA Class B (Norway)
|
149
|
85,500
|
TBS Holdings, Inc. (Japan)
|
1,600
|
64,491
|
Viaplay Group AB Class B (Sweden)*
|
280
|
216,416
|
WPP PLC (United Kingdom)
|
2,363
|
|
|
13,287
|
METALS & MINING—5.8%
|
||
89,660
|
Acerinox SA (Spain)
|
944
|
377,188
|
African Rainbow Minerals Ltd. (South Africa)
|
4,257
|
150,808
|
ArcelorMittal SA (Luxembourg)
|
4,362
|
306,374
|
Barrick Gold Corp. (Canada)
|
5,293
|
193,502
|
BHP Group Ltd. (Australia)
|
6,022
|
81,402
|
BlueScope Steel Ltd. (Australia)
|
1,200
|
35,800
|
Dowa Holdings Co. Ltd. (Japan)
|
1,156
|
360,832
|
Evolution Mining Ltd. (Australia)
|
906
|
175,455
|
First Quantum Minerals Ltd. (Canada)
|
5,204
|
27,005
|
Franco-Nevada Corp. (Canada)
|
3,940
|
1,258,729
|
Glencore PLC (Australia)
|
7,655
|
84,464
|
Newcrest Mining Ltd. (Australia)
|
1,515
|
187,026
|
Pilbara Minerals Ltd. (Australia)
|
612
|
67,199
|
Rio Tinto PLC (Australia)
|
4,442
|
320,373
|
Severstal PAO GDR (Russia)*,2
|
—
x
|
114,796
|
Southern Copper Corp. (Mexico)
|
10,038
|
59,800
|
Sumitomo Metal Mining Co. Ltd. (Japan)
|
2,065
|
|
|
59,611
|
OIL, GAS & CONSUMABLE FUELS—4.2%
|
||
773,610
|
Beach Energy Ltd. (Australia)
|
844
|
2,429,991
|
BP PLC (United Kingdom)
|
15,077
|
145,585
|
Canadian Natural Resources Ltd. (Canada)
|
8,853
|
187,577
|
Equinor ASA (Norway)
|
5,738
|
207,800
|
Inpex Corp. (Japan)
|
2,683
|
238,043
|
PrairieSky Royalty Ltd. (Canada)
|
4,731
|
⬤
23
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
OIL, GAS & CONSUMABLE FUELS—Continued
|
||
535,966
|
Santos Ltd. (Australia)
|
$2,884
|
89,902
|
Woodside Energy Group Ltd. (Australia)
|
2,317
|
|
|
43,127
|
PAPER & FOREST PRODUCTS—0.2%
|
||
401,600
|
Oji Holdings Corp. (Japan)
|
1,586
|
PASSENGER AIRLINES—1.2%
|
||
153,135
|
Air Canada (Canada)*
|
2,822
|
56,841
|
Copa Holdings SA Class A (Panama)
|
6,708
|
312,309
|
easyJet PLC (United Kingdom)*
|
1,814
|
313,568
|
Qantas Airways Ltd. (Australia)*
|
1,378
|
|
|
12,722
|
PERSONAL CARE PRODUCTS—0.4%
|
||
528,570
|
Dabur India Ltd. (India)
|
3,705
|
281,459
|
L’Occitane International SA (Luxembourg)
|
865
|
|
|
4,570
|
PHARMACEUTICALS—2.9%
|
||
102,489
|
Novo Nordisk AS Class B (Denmark)
|
16,526
|
38,099
|
Roche Holding AG (United States)
|
11,813
|
10,300
|
Sawai Group Holdings Co. Ltd. (Japan)
|
256
|
64,300
|
Tsumura & Co. (Japan)
|
1,197
|
|
|
29,792
|
PROFESSIONAL SERVICES—2.5%
|
||
138,843
|
ALS Ltd. (Australia)
|
1,098
|
1,559,704
|
Capita PLC (United Kingdom)*
|
553
|
97,119
|
Experian PLC (United States)
|
3,753
|
645,043
|
Hays PLC (United Kingdom)
|
887
|
92,116
|
Intertek Group PLC (United Kingdom)
|
5,160
|
98,366
|
IPH Ltd. (Australia)
|
524
|
9,200
|
Nomura Co. Ltd. (Japan)
|
59
|
380,704
|
Pagegroup PLC (United Kingdom)
|
2,180
|
39,800
|
Persol Holdings Co. Ltd. (Japan)
|
787
|
34,557
|
Randstad NV (Netherlands)
|
2,025
|
193,365
|
RELX PLC (United Kingdom)
|
6,508
|
110,419
|
RWS Holdings PLC (United Kingdom)
|
369
|
22,700
|
TechnoPro Holdings, Inc. (Japan)
|
588
|
5,847
|
Teleperformance (France)
|
848
|
|
|
25,339
|
REAL ESTATE MANAGEMENT & DEVELOPMENT—0.6%
|
||
161,100
|
Daiwa House Industry Co. Ltd. (Japan)
|
4,379
|
220,500
|
Swire Pacific Ltd. Class A (Hong Kong)
|
1,843
|
|
|
6,222
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.3%
|
||
17,326
|
ASML Holding NV (Netherlands)
|
12,410
|
74,100
|
ASMPT Ltd. (Hong Kong)
|
723
|
141,000
|
MediaTek, Inc. (Taiwan)
|
3,103
|
194,200
|
Renesas Electronics Corp. (Japan)*
|
3,747
|
755,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
(Taiwan)
|
13,633
|
|
|
33,616
|
SOFTWARE—1.0%
|
||
3,982
|
Constellation Software, Inc. (Canada)
|
8,413
|
11,948
|
Lumine Group, Inc. (Canada)*
|
189
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SOFTWARE—Continued
|
||
19,200
|
Oracle Corp. (Japan)
|
$1,346
|
|
|
9,948
|
SPECIALTY RETAIL—1.4%
|
||
21,100
|
ABC-Mart, Inc. (Japan)
|
1,168
|
1,384,700
|
Esprit Holdings Ltd. (Hong Kong)*
|
102
|
291,628
|
Pets at Home Group PLC (United Kingdom)
|
1,465
|
68,100
|
USS Co. Ltd. (Japan)
|
1,181
|
86,627
|
WH Smith PLC (United Kingdom)
|
1,661
|
39,231
|
Zalando SE (Germany)*,1
|
1,354
|
1,488,500
|
Zhongsheng Group Holdings Ltd. (China)
|
5,230
|
127,600
|
ZOZO, Inc. (Japan)
|
2,491
|
|
|
14,652
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.9%
|
||
633,529
|
Advantech Co. Ltd. (Taiwan)
|
7,911
|
16,376
|
Logitech International SA (Switzerland)
|
1,158
|
13,339
|
Quadient SA (France)
|
297
|
185,423
|
Samsung Electronics Co. Ltd. (South Korea)
|
10,153
|
|
|
19,519
|
TEXTILES, APPAREL & LUXURY GOODS—2.0%
|
||
15,615
|
adidas AG (Germany)
|
3,153
|
44,597
|
Cie Financiere Richemont SA Class A (Switzerland)
|
7,182
|
54,794
|
Gildan Activewear, Inc. (Canada)
|
1,704
|
460,500
|
Li Ning Co. Ltd. (China)
|
2,807
|
303,600
|
Samsonite International SA (United States)*,1
|
905
|
464,100
|
Shenzhou International Group Holdings Ltd. (China)
|
4,926
|
436,570
|
Stella International Holdings Ltd. (Hong Kong)
|
429
|
|
|
21,106
|
TRADING COMPANIES & DISTRIBUTORS—1.9%
|
||
527,600
|
BOC Aviation Ltd. (China)1
|
4,422
|
51,996
|
Brenntag SE (Germany)
|
4,034
|
88,323
|
Bunzl PLC (United Kingdom)
|
3,274
|
102,012
|
Finning International, Inc. (Canada)
|
3,514
|
64,600
|
ITOCHU Corp. (Japan)
|
2,613
|
52,617
|
Rexel SA (France)
|
1,269
|
|
|
19,126
|
TRANSPORTATION INFRASTRUCTURE—0.8%
|
||
63,868
|
Getlink SE (France)
|
1,123
|
324,546
|
Grupo Aeroportuario del Pacifico SAB de CV
Class B (Mexico)
|
6,175
|
52,000
|
Mitsubishi Logistics Corp. (Japan)
|
1,306
|
|
|
8,604
|
WIRELESS TELECOMMUNICATION SERVICES—0.2%
|
||
30,000
|
KDDI Corp. (Japan)
|
883
|
35,098
|
Rogers Communications, Inc. Class B (Canada)
|
1,537
|
|
|
2,420
|
TOTAL COMMON STOCKS
(Cost $867,495)
|
1,010,988
|
⬤
24
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
PREFERRED STOCKS—0.2%
|
||
Shares
|
|
Value
|
(Cost $2,992)
|
||
AUTOMOBILES—0.2%
|
||
19,199
|
Volkswagen AG (Germany)
|
$2,543
|
TOTAL INVESTMENTS—98.1%
(Cost $870,487)
|
1,013,531
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%
|
19,255
|
|
TOTAL NET ASSETS—100%
|
$1,032,786
|
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Common Stocks
|
|
|
|
|
Africa
|
$—
|
$26,301
|
$—
|
$26,301
|
Europe
|
11,058
|
380,955
|
—
|
392,013
|
Latin America
|
53,115
|
—
|
—
|
53,115
|
Middle East/Central Asia
|
18,882
|
34,011
|
—
|
52,893
|
North America
|
106,564
|
30,688
|
—
|
137,252
|
Pacific Basin
|
23,580
|
325,834
|
—
|
349,414
|
Preferred Stocks
|
|
|
|
|
Europe
|
—
|
2,543
|
—
|
2,543
|
Total Investments in Securities
|
$213,199
|
$800,332
|
$—
|
$1,013,531
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
The following is a rollforward of the Fund’s Level 3 investments during the year ended July 31, 2023.
Valuation
Description
|
Beginning
Balance
as of 11/01/2022
(000s)
|
Purchases
(000s)
|
Sales
(000s)
|
Discount/
(Premium)
(000s)
|
Total
Realized
Gain/(Loss)
(000s)
|
Change in
Unrealized
Appreciation/
(Depreciation)
(000s)
|
Transfers
Into
Level 3
(000s)
|
Transfers
Out of
Level 3
(000s)
|
Ending
Balance
as of
07/31/2023
(000s)
|
Unrealized
Gain/(Loss)
as of
07/31/2023
(000s)
|
Common Stock
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$(11,174)
|
⬤
25
Harbor Diversified International All Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS—Continued
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized
within Level 3 of the fair value hierarchy.
Valuation Descriptions
|
Ending Balance
as of 07/31/23
(000s)
|
Valuation
Technique
|
Unobservable
Input(s)
|
Input
Value(s)
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Severstal PAO GDR (Russia)*
|
$—
|
Market Approach
|
Estimated Recovery Value
|
$0.00
|
X5 Retail Group NV GDR (Russia)*
|
—
|
Market Approach
|
Estimated Recovery Value
|
$0.00
|
|
$—
|
|
|
|
*
Non-income producing security
x
Fair valued in accordance with Harbor Funds' Valuation Procedures.
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $18,669 or 2% of net assets.
2
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
3
All or a portion of this security was out on loan as of July 31, 2023. The market value of securities on loan and non-cash
collateral were $214 and $225 respectively.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
26
Harbor Global Leaders Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—100.8%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—5.2%
|
||
3,237
|
Axon Enterprise, Inc. (United States)*
|
$602
|
1,635
|
TransDigm Group, Inc. (United States)
|
1,471
|
|
|
2,073
|
AUTOMOBILE COMPONENTS—2.1%
|
||
7,579
|
Aptiv PLC (United States)*
|
830
|
BANKS—2.9%
|
||
17,118
|
HDFC Bank Ltd. ADR (India)1
|
1,169
|
BROADLINE RETAIL—2.0%
|
||
45,205
|
Coupang, Inc. Class A (South Korea)*
|
820
|
CAPITAL MARKETS—3.4%
|
||
96,677
|
Allfunds Group PLC (United Kingdom)
|
630
|
6,547
|
Intercontinental Exchange, Inc. (United States)
|
752
|
|
|
1,382
|
CHEMICALS—2.3%
|
||
3,010
|
Sika AG (Switzerland)
|
937
|
COMMERCIAL SERVICES & SUPPLIES—2.8%
|
||
139,787
|
Rentokil Initial PLC (United Kingdom)
|
1,140
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—4.1%
|
||
23,361
|
Alimentation Couche-Tard, Inc. (Canada)
|
1,183
|
7,212
|
DocMorris AG (Switzerland)*
|
441
|
|
|
1,624
|
DIVERSIFIED CONSUMER SERVICES—2.1%
|
||
81,069
|
Chegg, Inc. (United States)*
|
821
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—3.8%
|
||
3,360
|
Keyence Corp. (Japan)
|
1,508
|
ENTERTAINMENT—3.8%
|
||
21,217
|
Liberty Media Corp. Class C (United States)*
|
1,540
|
FINANCIAL SERVICES—7.3%
|
||
612
|
Adyen NV (Netherlands)*,2
|
1,136
|
7,470
|
Visa, Inc. Class A (United States)
|
1,776
|
|
|
2,912
|
HEALTH CARE EQUIPMENT & SUPPLIES—2.6%
|
||
4,534
|
STERIS PLC (United States)
|
1,023
|
HEALTH CARE PROVIDERS & SERVICES—1.5%
|
||
1,225
|
UnitedHealth Group, Inc. (United States)
|
620
|
INSURANCE—3.7%
|
||
150,100
|
AIA Group Ltd. (Hong Kong)
|
1,502
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
IT SERVICES—6.3%
|
||
16,548
|
Cloudflare, Inc. Class A (United States)*
|
$1,138
|
2,293
|
Globant SA (United States)*
|
401
|
14,353
|
Shopify, Inc. Class A (Canada)*
|
970
|
|
|
2,509
|
LIFE SCIENCES TOOLS & SERVICES—6.7%
|
||
5,775
|
IQVIA Holdings, Inc. (United States)*
|
1,292
|
1,702
|
Lonza Group AG (Switzerland)
|
989
|
13,375
|
Stevanato Group SpA (Italy)
|
418
|
|
|
2,699
|
MEDIA—3.6%
|
||
3,608
|
Charter Communications, Inc. Class A
(United States)*
|
1,462
|
PHARMACEUTICALS—2.4%
|
||
5,033
|
Zoetis, Inc. (United States)
|
947
|
PROFESSIONAL SERVICES—1.7%
|
||
19,850
|
Recruit Holdings Co. Ltd. (Japan)
|
687
|
REAL ESTATE MANAGEMENT & DEVELOPMENT—3.8%
|
||
18,070
|
CoStar Group, Inc. (United States)*
|
1,517
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—8.6%
|
||
1,864
|
ASM International NV (Netherlands)
|
885
|
13,715
|
Entegris, Inc. (United States)
|
1,505
|
5,865
|
Texas Instruments, Inc. (United States)
|
1,056
|
|
|
3,446
|
SOFTWARE—15.4%
|
||
873
|
Constellation Software, Inc. (Canada)
|
1,845
|
3,777
|
Microsoft Corp. (United States)
|
1,269
|
3,781
|
Roper Technologies, Inc. (United States)
|
1,864
|
2,045
|
ServiceNow, Inc. (United States)*
|
1,192
|
|
|
6,170
|
TRADING COMPANIES & DISTRIBUTORS—2.7%
|
||
40,400
|
MonotaRO Co. Ltd. (Japan)
|
493
|
3,509
|
SiteOne Landscape Supply, Inc. (United States)*
|
596
|
|
|
1,089
|
TOTAL COMMON STOCKS
(Cost $29,134)
|
40,427
|
|
TOTAL INVESTMENTS—100.8%
(Cost $29,134)
|
40,427
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—(0.8)%
|
(318
)
|
|
TOTAL NET ASSETS—100%
|
$40,109
|
⬤
27
Harbor Global Leaders Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Common Stocks
|
|
|
|
|
Europe
|
$418
|
$6,159
|
$—
|
$6,577
|
Middle East/Central Asia
|
1,989
|
—
|
—
|
1,989
|
North America
|
27,671
|
—
|
—
|
27,671
|
Pacific Basin
|
—
|
4,190
|
—
|
4,190
|
Total Investments in Securities
|
$30,078
|
$10,349
|
$—
|
$40,427
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
2
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $1,136 or 3% of net assets.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
28
Harbor International Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—99.0%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—1.7%
|
||
97,627
|
Airbus SE (France)
|
$14,380
|
2,198,794
|
BAE Systems PLC (United Kingdom)
|
26,295
|
573,171
|
Melrose Industries PLC (United Kingdom)
|
3,901
|
6,312,807
|
Rolls-Royce Holdings PLC (United Kingdom)*
|
14,969
|
|
|
59,545
|
AIR FREIGHT & LOGISTICS—0.3%
|
||
162,007
|
Oesterreichische Post AG (Austria)
|
5,910
|
591,800
|
Senko Group Holdings Co. Ltd. (Japan)
|
4,284
|
|
|
10,194
|
AUTOMOBILE COMPONENTS—0.9%
|
||
489,700
|
Bridgestone Corp. (Japan)
|
20,320
|
573,171
|
Dowlais Group PLC (United Kingdom)*
|
907
|
1,282,475
|
Gestamp Automocion SA (Spain)1
|
6,227
|
72,047
|
Hankook Tire & Technology Co. Ltd. (South Korea)
|
2,185
|
871,183
|
Johnson Electric Holdings Ltd. (Hong Kong)
|
1,201
|
|
|
30,840
|
AUTOMOBILES—0.6%
|
||
173,980
|
Bayerische Motoren Werke AG (Germany)
|
21,217
|
8,302
|
Hyundai Motor Co. (South Korea)
|
1,276
|
|
|
22,493
|
BANKS—11.4%
|
||
452,020
|
ANZ Group Holdings Ltd. (Australia)
|
7,842
|
158,429
|
Axis Bank Ltd. (India)
|
1,841
|
3,043,457
|
Bank of Ireland Group PLC (Ireland)
|
32,111
|
19,084,411
|
Barclays PLC (United Kingdom)
|
37,869
|
602,196
|
BNP Paribas SA (France)
|
39,713
|
6,818,855
|
CaixaBank SA (Spain)
|
27,584
|
31,827
|
Capitec Bank Holdings Ltd. (South Africa)
|
3,193
|
404,187
|
Close Brothers Group PLC (United Kingdom)
|
4,783
|
471,634
|
DBS Group Holdings Ltd. (Singapore)
|
12,167
|
932,664
|
DNB Bank ASA (Norway)
|
19,220
|
273,100
|
Fukuoka Financial Group, Inc. (Japan)
|
6,581
|
560,400
|
Grupo Financiero Banorte SAB de CV (Mexico)
|
5,314
|
111,051
|
Hana Financial Group, Inc. (South Korea)
|
3,422
|
122,382
|
HDFC Bank Ltd. ADR (India)2
|
8,356
|
371,969
|
HSBC Holdings PLC (United Kingdom)
|
3,113
|
295,600
|
Kasikornbank PCL (Thailand)
|
1,090
|
51,281,774
|
Lloyds Banking Group PLC (United Kingdom)
|
29,628
|
12,727,100
|
PT Bank Central Asia Tbk (Indonesia)
|
7,708
|
6,008,400
|
Resona Holdings, Inc. (Japan)
|
32,710
|
116,622
|
Shinhan Financial Group Co. Ltd. (South Korea)
|
3,210
|
1,513,137
|
Standard Chartered PLC (United Kingdom)
|
14,534
|
154,800
|
Sumitomo Mitsui Financial Group, Inc. (Japan)
|
7,253
|
641,600
|
Sumitomo Mitsui Trust Holdings, Inc. (Japan)
|
24,959
|
1,934,460
|
Svenska Handelsbanken AB Class A (Sweden)
|
16,984
|
1,905,647
|
UniCredit SpA (Italy)
|
48,251
|
249,900
|
United Overseas Bank Ltd. (Singapore)
|
5,669
|
|
|
405,105
|
BEVERAGES—4.4%
|
||
259,200
|
Arca Continental SAB de CV (Mexico)
|
2,601
|
262,300
|
Asahi Group Holdings Ltd. (Japan)
|
10,311
|
110,088
|
Carlsberg AS Class B (Denmark)
|
16,511
|
178,136
|
Coca-Cola Europacific Partners PLC (United
Kingdom)
|
11,292
|
1,357,739
|
Davide Campari-Milano NV (Italy)
|
18,260
|
835,356
|
Diageo PLC (United Kingdom)
|
36,457
|
273,455
|
Heineken NV (Netherlands)
|
26,766
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
BEVERAGES—Continued
|
||
2,100,600
|
Kirin Holdings Co. Ltd. (Japan)
|
$31,027
|
6,961,700
|
Thai Beverage PCL (Thailand)
|
3,167
|
|
|
156,392
|
BIOTECHNOLOGY—0.4%
|
||
79,690
|
CSL Ltd. (United States)
|
14,353
|
BROADLINE RETAIL—0.3%
|
||
31,754
|
Naspers Ltd. (South Africa)
|
6,239
|
213,752
|
Vipshop Holdings Ltd. ADR (China)*,2
|
4,025
|
|
|
10,264
|
BUILDING PRODUCTS—1.4%
|
||
1,132,172
|
Assa Abloy AB Class B (Sweden)
|
27,221
|
935,609
|
Fletcher Building Ltd. (New Zealand)
|
3,244
|
34,762
|
Geberit AG (Switzerland)
|
19,727
|
|
|
50,192
|
CAPITAL MARKETS—2.5%
|
||
1,841,942
|
3i Group PLC (United Kingdom)
|
46,732
|
1,685,800
|
B3 SA - Brasil Bolsa Balcao (Brazil)
|
5,312
|
513,022
|
IG Group Holdings PLC (United Kingdom)
|
4,662
|
2,350,073
|
Jupiter Fund Management PLC (United Kingdom)
|
3,450
|
63,654
|
Macquarie Group Ltd. (Australia)
|
7,507
|
2,893,800
|
Nomura Holdings, Inc. (Japan)
|
11,971
|
204,613
|
Rathbones Group PLC (United Kingdom)
|
4,734
|
483,080
|
St. James’s Place PLC (United Kingdom)
|
5,831
|
|
|
90,199
|
CHEMICALS—1.7%
|
||
1,007,200
|
Air Water, Inc. (Japan)
|
14,185
|
604,637
|
BASF SE (Germany)
|
32,415
|
187,500
|
Nissan Chemical Corp. (Japan)
|
8,426
|
153,900
|
Sumitomo Bakelite Co. Ltd. (Japan)
|
6,698
|
|
|
61,724
|
COMMERCIAL SERVICES & SUPPLIES—1.2%
|
||
137,754
|
Befesa SA (Spain)1
|
5,279
|
344,776
|
Brambles Ltd. (Australia)
|
3,262
|
2,435,355
|
Cleanaway Waste Management Ltd. (Australia)
|
4,520
|
214,800
|
Daiei Kankyo Co. Ltd. (Japan)
|
3,640
|
364,291
|
Elis SA (France)
|
7,526
|
76,100
|
Secom Co. Ltd. (Japan)
|
5,107
|
5,873,711
|
Serco Group PLC (United Kingdom)
|
11,706
|
|
|
41,040
|
CONSTRUCTION & ENGINEERING—1.1%
|
||
954,100
|
INFRONEER Holdings, Inc. (Japan)
|
9,291
|
1,948,500
|
Obayashi Corp. (Japan)
|
18,015
|
1,218,300
|
Penta-Ocean Construction Co. Ltd. (Japan)
|
6,613
|
170,674
|
Taisei Corp. (Japan)
|
6,468
|
|
|
40,387
|
CONSTRUCTION MATERIALS—1.9%
|
||
169,068
|
CRH PLC (Ireland)
|
10,071
|
316,306
|
Holcim Ltd. (United States)*
|
22,046
|
60,733
|
James Hardie Industries PLC CDI (United States)*,2
|
1,780
|
747,600
|
Taiheiyo Cement Corp. (Japan)
|
15,613
|
533,640
|
Wienerberger AG (Austria)
|
17,525
|
|
|
67,035
|
⬤
29
Harbor International Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
CONSUMER FINANCE—0.3%
|
||
1,690,129
|
International Personal Finance PLC (United
Kingdom)
|
$2,522
|
449,900
|
Marui Group Co. Ltd. (Japan)
|
8,060
|
942,779
|
Vanquis Banking Group PLC (United Kingdom)
|
1,523
|
|
|
12,105
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—1.6%
|
||
161,091
|
Bid Corp. Ltd. (South Africa)
|
3,813
|
373,061
|
HelloFresh SE (Germany)*
|
10,638
|
675,753
|
Koninklijke Ahold Delhaize NV (Netherlands)
|
23,292
|
78,700
|
MatsukiyoCocokara & Co. (Japan)
|
4,606
|
870,855
|
Metcash Ltd. (Australia)
|
2,109
|
177,900
|
Seven & i Holdings Co. Ltd. (Japan)
|
7,380
|
1,146,267
|
Tesco PLC (United Kingdom)
|
3,796
|
95,013
|
X5 Retail Group NV GDR (Russia)*,2
|
—
x
|
|
|
55,634
|
CONTAINERS & PACKAGING—0.6%
|
||
1,779,535
|
DS Smith PLC (United Kingdom)
|
7,075
|
779,800
|
Toyo Seikan Group Holdings Ltd. (Japan)
|
12,677
|
|
|
19,752
|
DISTRIBUTORS—0.5%
|
||
1,709,561
|
Inchcape PLC (United Kingdom)
|
17,979
|
DIVERSIFIED TELECOMMUNICATION SERVICES—1.7%
|
||
5,665,693
|
Koninklijke KPN NV (Netherlands)
|
20,500
|
36,442,500
|
Nippon Telegraph & Telephone Corp. (Japan)
|
41,789
|
|
|
62,289
|
ELECTRIC UTILITIES—0.2%
|
||
103,822
|
Orsted AS (Denmark)1
|
9,035
|
ELECTRICAL EQUIPMENT—4.0%
|
||
810,164
|
ABB Ltd. (Switzerland)
|
32,510
|
137,816
|
Havells India Ltd. (India)
|
2,239
|
233,213
|
Legrand SA (France)
|
23,381
|
1,218,900
|
Mitsubishi Electric Corp. (Japan)
|
17,590
|
146,369
|
Schneider Electric SE (United States)
|
26,108
|
1,444,342
|
Vestas Wind Systems AS (Denmark)*
|
38,631
|
|
|
140,459
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%
|
||
409,000
|
Delta Electronics, Inc. (Taiwan)
|
4,774
|
125,800
|
Kyocera Corp. (Japan)
|
6,769
|
61,900
|
Omron Corp. (Japan)
|
3,323
|
312,300
|
TDK Corp. (Japan)
|
11,964
|
202,700
|
Topcon Corp. (Japan)
|
2,467
|
|
|
29,297
|
ENERGY EQUIPMENT & SERVICES—0.3%
|
||
1,464,218
|
John Wood Group PLC (United Kingdom)*
|
2,783
|
291,933
|
Technip Energies NV (France)
|
6,654
|
|
|
9,437
|
ENTERTAINMENT—0.2%
|
||
91,334
|
CTS Eventim AG & Co. KGaA (Germany)
|
6,233
|
27,570
|
Modern Times Group MTG AB Class B (Sweden)*
|
179
|
|
|
6,412
|
FINANCIAL SERVICES—1.1%
|
||
2,336,220
|
AMP Ltd. (Australia)
|
1,778
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
FINANCIAL SERVICES—Continued
|
||
417,545
|
Chailease Holding Co. Ltd. (Taiwan)*
|
$2,765
|
215,065
|
Challenger Ltd. (Australia)
|
1,039
|
498,748
|
Edenred (France)
|
32,394
|
|
|
37,976
|
FOOD PRODUCTS—1.0%
|
||
2,438,000
|
First Pacific Co. Ltd. (Indonesia)
|
884
|
343,583
|
Marico Ltd. (India)
|
2,351
|
295,100
|
Megmilk Snow Brand Co. Ltd. (Japan)
|
4,065
|
269,600
|
NH Foods Ltd. (Japan)
|
7,779
|
1,488,000
|
Tingyi Cayman Islands Holding Corp. (China)
|
2,298
|
273,500
|
Toyo Suisan Kaisha Ltd. (Japan)
|
11,312
|
121,346
|
Viscofan SA (Spain)
|
7,878
|
|
|
36,567
|
GROUND TRANSPORTATION—0.5%
|
||
141,700
|
East Japan Railway Co. (Japan)
|
8,022
|
345,073
|
Localiza Rent a Car SA (Brazil)
|
4,905
|
3,452,795
|
Mobico Group PLC (United Kingdom)
|
4,140
|
|
|
17,067
|
HEALTH CARE EQUIPMENT & SUPPLIES—3.3%
|
||
245,624
|
Coloplast AS Class B (Denmark)
|
30,533
|
6,053,674
|
ConvaTec Group PLC (United Kingdom)1
|
16,219
|
352,968
|
Demant AS (Denmark)*
|
14,046
|
135,050
|
EssilorLuxottica SA (France)
|
27,169
|
207,515
|
Getinge AB Class B (Sweden)
|
3,866
|
338,970
|
Koninklijke Philips NV (Netherlands)
|
7,042
|
372,250
|
Smith & Nephew PLC (United Kingdom)
|
5,663
|
49,957
|
Sonova Holding AG (Switzerland)
|
13,925
|
|
|
118,463
|
HEALTH CARE PROVIDERS & SERVICES—1.3%
|
||
283,645
|
Amplifon SpA (Italy)
|
9,596
|
474,867
|
Fresenius Medical Care AG & Co. KGaA (Germany)
|
24,662
|
501,200
|
Medipal Holdings Corp. (Japan)
|
8,594
|
248,900
|
Ship Healthcare Holdings, Inc. (Japan)
|
4,031
|
|
|
46,883
|
HOTELS, RESTAURANTS & LEISURE—5.2%
|
||
2,515,000
|
Ajisen China Holdings Ltd. (Hong Kong)
|
324
|
152,149
|
Aristocrat Leisure Ltd. (Australia)
|
4,030
|
1,448,392
|
Compass Group PLC (United Kingdom)
|
37,684
|
1,523,419
|
Entain PLC (United Kingdom)
|
27,134
|
262,854
|
Flutter Entertainment PLC (Australia)*
|
52,282
|
842,000
|
Galaxy Entertainment Group Ltd. (Hong Kong)*
|
6,146
|
128,036
|
InterContinental Hotels Group PLC (United
Kingdom)
|
9,463
|
747,385
|
Playtech PLC (United Kingdom)*
|
5,377
|
7,898,168
|
SSP Group PLC (United Kingdom)*
|
25,499
|
44,638
|
Trip.com Group Ltd. ADR (China)*,2
|
1,832
|
1,168,324
|
TUI AG (Germany)*
|
9,463
|
75,585
|
Yum China Holdings, Inc. (China)
|
4,612
|
|
|
183,846
|
HOUSEHOLD DURABLES—1.0%
|
||
939,594
|
Barratt Developments PLC (United Kingdom)
|
5,500
|
276,308
|
GN Store Nord AS (Denmark)*
|
7,367
|
534,400
|
Midea Group Co. Ltd. Class A (China)
|
4,442
|
326,200
|
Sekisui Chemical Co. Ltd. (Japan)
|
4,955
|
111,800
|
Sony Group Corp. (Japan)
|
10,472
|
⬤
30
Harbor International Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HOUSEHOLD DURABLES—Continued
|
||
2,624,757
|
Taylor Wimpey PLC (United Kingdom)
|
$3,853
|
|
|
36,589
|
HOUSEHOLD PRODUCTS—0.9%
|
||
412,989
|
Reckitt Benckiser Group PLC (United Kingdom)
|
30,938
|
INDUSTRIAL CONGLOMERATES—1.8%
|
||
716,500
|
CK Hutchison Holdings Ltd. (United Kingdom)
|
4,419
|
220,322
|
DCC PLC (United Kingdom)
|
12,756
|
494,500
|
Hitachi Ltd. (Japan)
|
32,372
|
139,200
|
Jardine Matheson Holdings Ltd. (Hong Kong)
|
6,876
|
20,766
|
LG Corp. (South Korea)
|
1,360
|
849,200
|
Nisshinbo Holdings, Inc. (Japan)
|
7,298
|
|
|
65,081
|
INSURANCE—4.6%
|
||
354,690
|
Admiral Group PLC (United Kingdom)
|
9,684
|
2,541,200
|
AIA Group Ltd. (Hong Kong)
|
25,424
|
1,083,100
|
Dai-ichi Life Holdings, Inc. (Japan)
|
22,130
|
204,700
|
Great Eastern Holdings Ltd. (Singapore)
|
2,855
|
59,168
|
Hannover Rueck SE (Germany)
|
12,625
|
789,723
|
Hiscox Ltd. (United Kingdom)
|
10,931
|
1,003,200
|
Japan Post Holdings Co. Ltd. (Japan)
|
7,326
|
362,000
|
Ping An Insurance Group Co. of China Ltd. Class H
(China)
|
2,638
|
53,950
|
Prudential PLC (Hong Kong)
|
754
|
984,444
|
Prudential PLC (United Kingdom)
|
13,670
|
970,601
|
QBE Insurance Group Ltd. (Australia)
|
10,305
|
521,370
|
Sampo Oyj Class A (Finland)
|
22,975
|
1,000,200
|
Tokio Marine Holdings, Inc. (Japan)
|
22,999
|
|
|
164,316
|
INTERACTIVE MEDIA & SERVICES—1.2%
|
||
1,247,687
|
Auto Trader Group PLC (United Kingdom)1
|
10,348
|
49,887
|
Baidu, Inc. ADR (China)*,2
|
7,782
|
130,173
|
carsales.com Ltd. (Australia)
|
2,176
|
2,877,439
|
Rightmove PLC (United Kingdom)
|
21,083
|
|
|
41,389
|
IT SERVICES—1.9%
|
||
63,640
|
Alten SA (France)
|
9,166
|
178,041
|
Infosys Ltd. ADR (India)2
|
2,966
|
412,400
|
NEC Corp. (Japan)
|
20,866
|
253,100
|
NET One Systems Co. Ltd. (Japan)
|
5,561
|
199,200
|
NS Solutions Corp. (Japan)
|
5,228
|
264,900
|
NTT Data Group Corp. (Japan)
|
3,685
|
22,108
|
Reply SpA (Italy)
|
2,395
|
559,300
|
SCSK Corp. (Japan)
|
9,298
|
204,519
|
Softcat PLC (United Kingdom)
|
3,941
|
102,951
|
Tata Consultancy Services Ltd. (India)
|
4,281
|
|
|
67,387
|
LEISURE PRODUCTS—0.5%
|
||
47,442
|
MIPS AB (Sweden)
|
2,148
|
648,400
|
Sega Sammy Holdings, Inc. (Japan)
|
14,177
|
|
|
16,325
|
LIFE SCIENCES TOOLS & SERVICES—0.7%
|
||
204,902
|
Eurofins Scientific SE (Luxembourg)
|
14,093
|
78,352
|
Gerresheimer AG (Germany)
|
9,280
|
|
|
23,373
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MACHINERY—4.9%
|
||
164,544
|
Alfa Laval AB (Sweden)
|
$6,159
|
158,107
|
ANDRITZ AG (Austria)
|
8,348
|
1,915,190
|
CNH Industrial NV (United Kingdom)
|
27,661
|
385,400
|
Daifuku Co. Ltd. (Japan)
|
8,243
|
924,169
|
Fluidra SA (Spain)
|
20,438
|
156,537
|
GEA Group AG (Germany)
|
6,644
|
575,406
|
Iveco Group NV (Italy)*
|
5,457
|
162,800
|
Komatsu Ltd. (Japan)
|
4,561
|
359,900
|
Kubota Corp. (Japan)
|
5,437
|
472,700
|
Mitsubishi Heavy Industries Ltd. (Japan)
|
22,427
|
190,400
|
Miura Co. Ltd. (Japan)
|
4,804
|
525,600
|
NSK Ltd. (Japan)
|
3,402
|
1,388,308
|
Rotork PLC (United Kingdom)
|
5,499
|
617,063
|
Sandvik AB (Sweden)
|
12,534
|
886,700
|
Sany Heavy Industry Co. Ltd. Class A (China)
|
2,206
|
122,422
|
Stabilus SE (Germany)
|
6,980
|
470,000
|
Techtronic Industries Co. Ltd. (Hong Kong)
|
5,339
|
135,900
|
Toyota Industries Corp. (Japan)
|
9,821
|
503,210
|
Wartsila Oyj Abp (Finland)
|
6,322
|
1,920,000
|
Weichai Power Co. Ltd. Class H (China)
|
2,844
|
|
|
175,126
|
MARINE TRANSPORTATION—0.2%
|
||
1,132,072
|
Irish Continental Group PLC (Ireland)
|
5,999
|
MEDIA—2.0%
|
||
992,200
|
Fuji Media Holdings, Inc. (Japan)
|
10,986
|
557,722
|
Future PLC (United Kingdom)
|
5,989
|
399,800
|
Hakuhodo DY Holdings, Inc. (Japan)
|
4,600
|
11,020,680
|
ITV PLC (United Kingdom)
|
10,235
|
396,819
|
JCDecaux SE (France)*
|
7,436
|
670,300
|
Nippon Television Holdings, Inc. (Japan)
|
6,365
|
88,940
|
Schibsted ASA Class A (Norway)
|
1,905
|
40,327
|
Schibsted ASA Class B (Norway)
|
791
|
442,900
|
TBS Holdings, Inc. (Japan)
|
8,288
|
347,062
|
Viaplay Group AB Class B (Sweden)*
|
1,507
|
1,159,911
|
WPP PLC (United Kingdom)
|
12,665
|
|
|
70,767
|
METALS & MINING—4.4%
|
||
483,820
|
Acerinox SA (Spain)
|
5,093
|
225,458
|
African Rainbow Minerals Ltd. (South Africa)
|
2,545
|
810,554
|
ArcelorMittal SA (Luxembourg)
|
23,443
|
637,872
|
BHP Group Ltd. (Australia)
|
19,852
|
238,886
|
BlueScope Steel Ltd. (Australia)
|
3,523
|
185,000
|
Dowa Holdings Co. Ltd. (Japan)
|
5,975
|
1,070,347
|
Evolution Mining Ltd. (Australia)
|
2,687
|
104,875
|
First Quantum Minerals Ltd. (Canada)
|
3,111
|
6,822,121
|
Glencore PLC (Australia)
|
41,488
|
248,212
|
Newcrest Mining Ltd. (Australia)
|
4,452
|
569,279
|
Pilbara Minerals Ltd. (Australia)
|
1,862
|
360,166
|
Rio Tinto PLC (Australia)
|
23,806
|
217,215
|
Severstal PAO GDR (Russia)*,2
|
—
x
|
68,772
|
Southern Copper Corp. (Mexico)
|
6,013
|
311,300
|
Sumitomo Metal Mining Co. Ltd. (Japan)
|
10,751
|
|
|
154,601
|
OIL, GAS & CONSUMABLE FUELS—4.1%
|
||
2,307,188
|
Beach Energy Ltd. (Australia)
|
2,516
|
13,056,531
|
BP PLC (United Kingdom)
|
81,008
|
1,012,168
|
Equinor ASA (Norway)
|
30,961
|
1,077,100
|
Inpex Corp. (Japan)
|
13,908
|
⬤
31
Harbor International Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
OIL, GAS & CONSUMABLE FUELS—Continued
|
||
1,682,089
|
Santos Ltd. (Australia)
|
$9,051
|
291,938
|
Woodside Energy Group Ltd. (Australia)
|
7,525
|
|
|
144,969
|
PAPER & FOREST PRODUCTS—0.2%
|
||
2,076,300
|
Oji Holdings Corp. (Japan)
|
8,198
|
PASSENGER AIRLINES—0.5%
|
||
33,847
|
Copa Holdings SA Class A (Panama)
|
3,995
|
1,692,965
|
easyJet PLC (United Kingdom)*
|
9,833
|
926,811
|
Qantas Airways Ltd. (Australia)*
|
4,072
|
|
|
17,900
|
PERSONAL CARE PRODUCTS—0.1%
|
||
20,757
|
AMOREPACIFIC Group (South Korea)
|
445
|
316,434
|
Dabur India Ltd. (India)
|
2,218
|
852,250
|
L’Occitane International SA (Luxembourg)
|
2,619
|
|
|
5,282
|
PHARMACEUTICALS—4.5%
|
||
549,394
|
Novo Nordisk AS Class B (Denmark)
|
88,591
|
204,741
|
Roche Holding AG (United States)
|
63,480
|
54,000
|
Sawai Group Holdings Co. Ltd. (Japan)
|
1,345
|
333,900
|
Tsumura & Co. (Japan)
|
6,214
|
|
|
159,630
|
PROFESSIONAL SERVICES—3.7%
|
||
359,363
|
ALS Ltd. (Australia)
|
2,842
|
8,313,451
|
Capita PLC (United Kingdom)*
|
2,948
|
522,513
|
Experian PLC (United States)
|
20,193
|
3,457,386
|
Hays PLC (United Kingdom)
|
4,757
|
494,610
|
Intertek Group PLC (United Kingdom)
|
27,707
|
303,784
|
IPH Ltd. (Australia)
|
1,617
|
48,100
|
Nomura Co. Ltd. (Japan)
|
306
|
2,069,288
|
Pagegroup PLC (United Kingdom)
|
11,849
|
212,700
|
Persol Holdings Co. Ltd. (Japan)
|
4,208
|
191,930
|
Randstad NV (Netherlands)
|
11,244
|
1,038,132
|
RELX PLC (United Kingdom)
|
34,940
|
591,836
|
RWS Holdings PLC (United Kingdom)
|
1,976
|
118,100
|
TechnoPro Holdings, Inc. (Japan)
|
3,058
|
31,343
|
Teleperformance (France)
|
4,546
|
|
|
132,191
|
REAL ESTATE MANAGEMENT & DEVELOPMENT—0.8%
|
||
841,500
|
Daiwa House Industry Co. Ltd. (Japan)
|
22,871
|
659,000
|
Swire Pacific Ltd. Class A (Hong Kong)
|
5,509
|
|
|
28,380
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.9%
|
||
50,116
|
ASML Holding NV (Netherlands)
|
35,897
|
219,900
|
ASMPT Ltd. (Hong Kong)
|
2,145
|
84,000
|
MediaTek, Inc. (Taiwan)
|
1,848
|
1,007,300
|
Renesas Electronics Corp. (Japan)*
|
19,435
|
454,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
(Taiwan)
|
8,198
|
|
|
67,523
|
SOFTWARE—0.2%
|
||
100,700
|
Oracle Corp. (Japan)
|
7,059
|
SPECIALTY RETAIL—1.5%
|
||
110,000
|
ABC-Mart, Inc. (Japan)
|
6,090
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SPECIALTY RETAIL—Continued
|
||
3,987,400
|
Esprit Holdings Ltd. (Hong Kong)*
|
$292
|
1,579,759
|
Pets at Home Group PLC (United Kingdom)
|
7,939
|
357,200
|
USS Co. Ltd. (Japan)
|
6,194
|
469,468
|
WH Smith PLC (United Kingdom)
|
9,000
|
209,561
|
Zalando SE (Germany)*,1
|
7,235
|
894,500
|
Zhongsheng Group Holdings Ltd. (China)
|
3,143
|
666,300
|
ZOZO, Inc. (Japan)
|
13,008
|
|
|
52,901
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.7%
|
||
380,557
|
Advantech Co. Ltd. (Taiwan)
|
4,752
|
87,774
|
Logitech International SA (Switzerland)
|
6,206
|
71,494
|
Quadient SA (France)
|
1,594
|
203,954
|
Samsung Electronics Co. Ltd. (South Korea)
|
11,167
|
|
|
23,719
|
TEXTILES, APPAREL & LUXURY GOODS—1.9%
|
||
83,942
|
adidas AG (Germany)
|
16,947
|
22,165
|
Cie Financiere Richemont SA Class A (South
Africa)
|
3,548
|
239,833
|
Cie Financiere Richemont SA Class A (Switzerland)
|
38,621
|
276,000
|
Li Ning Co. Ltd. (China)
|
1,682
|
894,000
|
Samsonite International SA (United States)*,1
|
2,664
|
279,018
|
Shenzhou International Group Holdings Ltd. (China)
|
2,962
|
909,521
|
Stella International Holdings Ltd. (Hong Kong)
|
894
|
|
|
67,318
|
TRADING COMPANIES & DISTRIBUTORS—1.8%
|
||
321,200
|
BOC Aviation Ltd. (China)1
|
2,692
|
279,417
|
Brenntag SE (Germany)
|
21,679
|
474,833
|
Bunzl PLC (United Kingdom)
|
17,601
|
338,100
|
ITOCHU Corp. (Japan)
|
13,675
|
287,304
|
Rexel SA (France)
|
6,930
|
|
|
62,577
|
TRANSPORTATION INFRASTRUCTURE—0.5%
|
||
342,329
|
Getlink SE (France)
|
6,017
|
193,857
|
Grupo Aeroportuario del Pacifico SAB de CV
Class B (Mexico)
|
3,688
|
270,300
|
Mitsubishi Logistics Corp. (Japan)
|
6,790
|
|
|
16,495
|
WIRELESS TELECOMMUNICATION SERVICES—0.1%
|
||
155,700
|
KDDI Corp. (Japan)
|
4,582
|
TOTAL COMMON STOCKS
(Cost $2,894,144)
|
3,513,579
|
PREFERRED STOCKS—0.4%
|
||
|
|
|
AUTOMOBILES—0.4%
|
||
102,149
|
Volkswagen AG (Germany)
|
13,532
|
PERSONAL CARE PRODUCTS—0.0%
|
||
8,795
|
AMOREPACIFIC Group (South Korea)
|
136
|
TOTAL PREFERRED STOCKS
(Cost $16,107)
|
13,668
|
|
TOTAL INVESTMENTS—99.4%
(Cost $2,910,251)
|
3,527,247
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.6%
|
20,624
|
|
TOTAL NET ASSETS—100%
|
$3,547,871
|
⬤
32
Harbor International Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
RIGHTS/WARRANTS
|
|||||
Description
|
No. of Contracts
|
Strike Price
|
Expiration Date
|
Cost
(000s)
|
Value
(000s)
|
Cie Financiere Richemont SA (South Africa)*
|
74,788
|
CHF 67.00
|
11/22/2023
|
$—
|
$89
|
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Africa
|
$—
|
$19,338
|
$—
|
$19,338
|
Europe
|
59,473
|
2,009,694
|
—
|
2,069,167
|
Latin America
|
31,828
|
—
|
—
|
31,828
|
Middle East/Central Asia
|
11,322
|
35,995
|
—
|
47,317
|
North America
|
3,111
|
150,624
|
—
|
153,735
|
Pacific Basin
|
71,623
|
1,120,571
|
—
|
1,192,194
|
Preferred Stocks
|
|
|
|
|
Europe
|
—
|
13,532
|
—
|
13,532
|
Middle East/Central Asia
|
—
|
136
|
—
|
136
|
Total Investments in Securities
|
$177,357
|
$3,349,890
|
$—
|
$3,527,247
|
Financial Derivative Instruments - Assets
|
|
|
|
|
Rights/Warrants
|
$89
|
$—
|
$—
|
89
|
Total Investments
|
$177,446
|
$3,349,890
|
$—
|
$3,527,336
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
The following is a rollforward of the Fund’s Level 3 investments during the year ended July 31, 2023.
Valuation
Description
|
Beginning
Balance
as of 11/01/2022
(000s)
|
Purchases
(000s)
|
Sales
(000s)
|
Discount/
(Premium)
(000s)
|
Total
Realized
Gain/(Loss)
(000s)
|
Change in
Unrealized
Appreciation/
(Depreciation)
(000s)
|
Transfers
Into
Level 3
(000s)
|
Transfers
Out of
Level 3
(000s)
|
Ending
Balance
as of
07/31/2023
(000s)
|
Unrealized
Gain/(Loss)
as of
07/31/2023
(000s)
|
Common Stock
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$(7,678)
|
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized
within Level 3 of the fair value hierarchy.
Valuation Descriptions
|
Ending Balance
as of 07/31/23
(000s)
|
Valuation
Technique
|
Unobservable
Input(s)
|
Input
Value(s)
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Severstal PAO GDR (Russia)*
|
$—
|
Market Approach
|
Estimated Recovery Value
|
$0.00
|
X5 Retail Group NV GDR (Russia)*
|
—
|
Market Approach
|
Estimated Recovery Value
|
$0.00
|
|
$—
|
|
|
|
*
Non-income producing security
x
Fair valued in accordance with Harbor Funds' Valuation Procedures.
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand
registration of these securities. As of July 31, 2023, the aggregate value of these securities was $59,699 or 2% of net assets.
2
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
CHF
Swiss Franc
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
33
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—98.0%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—2.2%
|
||
1,128
|
Dassault Aviation SA (France)
|
$219
|
1,959
|
Kongsberg Gruppen ASA (Norway)
|
85
|
27,811
|
Leonardo SpA (Italy)
|
377
|
12,645
|
QinetiQ Group PLC (United Kingdom)
|
52
|
441,196
|
Rolls-Royce Holdings PLC (United Kingdom)*
|
1,046
|
2,905
|
Saab AB Class B (Sweden)
|
153
|
9,764
|
Thales SA (France)
|
1,461
|
|
|
3,393
|
AIR FREIGHT & LOGISTICS—0.9%
|
||
6,114
|
DSV AS (Denmark)
|
1,224
|
23,727
|
Gulf Warehousing Co. (Qatar)
|
22
|
5,800
|
KRS Corp. (Japan)
|
38
|
2,800
|
Sankyu, Inc. (Japan)
|
97
|
|
|
1,381
|
AUTOMOBILE COMPONENTS—0.4%
|
||
12,913
|
Bulten AB (Sweden)
|
99
|
106,196
|
Dowlais Group PLC (United Kingdom)*
|
168
|
4,933
|
ElringKlinger AG (Germany)
|
42
|
8,700
|
Ichikoh Industries Ltd. (Japan)
|
33
|
28,000
|
Johnson Electric Holdings Ltd. (Hong Kong)
|
39
|
8,986
|
Martinrea International, Inc. (Canada)
|
101
|
2,400
|
T RAD Co. Ltd. (Japan)
|
31
|
6,500
|
Thai Stanley Electric PCL NVDR (Thailand)1
|
37
|
|
|
550
|
AUTOMOBILES—3.3%
|
||
9,702
|
Bayerische Motoren Werke AG (Germany)
|
1,183
|
31,800
|
Honda Motor Co. Ltd. (Japan)
|
1,014
|
12,000
|
Isuzu Motors Ltd. (Japan)
|
156
|
352,000
|
Nissan Motor Co. Ltd. (Japan)
|
1,550
|
49,000
|
Subaru Corp. (Japan)
|
929
|
8,100
|
Suzuki Motor Corp. (Japan)
|
325
|
|
|
5,157
|
BANKS—4.0%
|
||
24,014
|
ABN AMRO Bank NV GDR (Netherlands)1,2
|
408
|
74,253
|
ANZ Group Holdings Ltd. (Australia)
|
1,288
|
150,900
|
Bangkok Bank PCL NVDR (Thailand)1
|
757
|
741,065
|
Bank Danamon Indonesia Tbk PT (Indonesia)
|
150
|
1,791,000
|
China Construction Bank Corp. Class H (China)
|
1,044
|
32,260
|
Commercial Bank of Dubai PSC (United Arab
Emirates)
|
42
|
4,300
|
Ehime Bank Ltd. (Japan)
|
27
|
7,317
|
Erste Group Bank AG (Austria)
|
277
|
53,361
|
Faisal Islamic Bank of Egypt (Egypt)
|
53
|
22,000
|
North Pacific Bank Ltd. (Japan)
|
48
|
14,933
|
Raiffeisen Bank International AG (Austria)*
|
241
|
3,400
|
Shikoku Bank Ltd. (Japan)
|
22
|
72,025
|
Standard Chartered PLC (United Kingdom)
|
692
|
11,100
|
Towa Bank Ltd. (Japan)
|
46
|
50,212
|
UniCredit SpA (Italy)
|
1,271
|
|
|
6,366
|
BEVERAGES—0.1%
|
||
56,842
|
Australian Vintage Ltd. (Australia)
|
16
|
3,442
|
Coca-Cola HBC AG (Italy)*
|
101
|
14,638
|
Ginebra San Miguel, Inc. (Philippines)
|
42
|
|
|
159
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
BIOTECHNOLOGY—0.2%
|
||
15,162
|
Abcam PLC ADR (United Kingdom)*,1
|
$355
|
BROADLINE RETAIL—1.0%
|
||
32,473
|
Max Stock Ltd. (Israel)
|
71
|
15,156
|
MINISO Group Holding Ltd. ADR (China)1
|
318
|
63,397
|
Vipshop Holdings Ltd. ADR (China)*,1
|
1,194
|
|
|
1,583
|
BUILDING PRODUCTS—1.5%
|
||
300
|
BRC Asia Ltd. (Singapore)
|
—
|
31,743
|
Cie de Saint-Gobain (France)
|
2,147
|
5,400
|
Maezawa Kasei Industries Co. Ltd. (Japan)
|
58
|
1,300
|
Nichias Corp. (Japan)
|
27
|
4,400
|
Okabe Co. Ltd. (Japan)
|
22
|
97,898
|
Ras Al Khaimah Ceramics (United Arab Emirates)
|
72
|
1,900
|
Shin Nippon Air Technologies Co. Ltd. (Japan)
|
32
|
|
|
2,358
|
CAPITAL MARKETS—1.3%
|
||
7,100
|
AGF Management Ltd. Class B (Canada)
|
42
|
318
|
Cie Financiere Tradition SA (Switzerland)
|
43
|
2,082
|
Fiducian Group Ltd. (Australia)
|
9
|
2,256
|
Foresight Group Holdings Ltd. (United Kingdom)
|
14
|
83,841
|
Investec PLC (United Kingdom)
|
526
|
4,100
|
IwaiCosmo Holdings, Inc. (Japan)
|
47
|
18,600
|
Japan Exchange Group, Inc. (Japan)
|
324
|
131,408
|
Man Group PLC (United Kingdom)
|
403
|
1,352
|
Titanium Oyj (Finland)
|
24
|
27,500
|
TMX Group Ltd. (Canada)
|
611
|
|
|
2,043
|
CHEMICALS—1.0%
|
||
2,500
|
Achilles Corp. (Japan)
|
27
|
6,800
|
AirBoss of America Corp. (Canada)
|
25
|
1,200
|
Asahi Yukizai Corp. (Japan)
|
37
|
5,600
|
Carlit Holdings Co. Ltd. (Japan)
|
33
|
2,900
|
Dai Nippon Toryo Co. Ltd. (Japan)
|
20
|
89,325
|
Danakali Ltd. (Australia)*
|
24
x
|
2,900
|
Fujimori Kogyo Co. Ltd. (Japan)
|
73
|
800
|
Hodogaya Chemical Co. Ltd. (Japan)
|
19
|
2,800
|
Ishihara Sangyo Kaisha Ltd. (Japan)
|
27
|
699
|
Johnson Matthey PLC (United Kingdom)
|
16
|
4,600
|
Koatsu Gas Kogyo Co. Ltd. (Japan)
|
25
|
492
|
KPX Chemical Co. Ltd. (South Korea)
|
17
|
2,800
|
Kyowa Leather Cloth Co. Ltd. (Japan)
|
12
|
2,000
|
MORESCO Corp. (Japan)
|
17
|
4,200
|
Nihon Parkerizing Co. Ltd. (Japan)
|
33
|
2,200
|
Nippon Carbide Industries Co., Inc. (Japan)
|
23
|
1,300
|
Okura Industrial Co. Ltd. (Japan)
|
22
|
80,933
|
Orica Ltd. (Australia)
|
859
|
728
|
PCC Rokita SA (Poland)
|
20
|
7,100
|
Riken Technos Corp. (Japan)
|
34
|
5,600
|
Sekisui Kasei Co. Ltd. (Japan)
|
18
|
2,001
|
Serge Ferrari SAS (France)
|
26
|
600
|
Soken Chemical & Engineering Co. Ltd. (Japan)
|
8
|
1,100
|
Sumitomo Seika Chemicals Co. Ltd. (Japan)
|
36
|
9,600
|
Tokuyama Corp. (Japan)
|
165
|
|
|
1,616
|
COMMERCIAL SERVICES & SUPPLIES—0.9%
|
||
4,000
|
Aeon Delight Co. Ltd. (Japan)
|
83
|
800
|
Ajis Co. Ltd. (Japan)
|
14
|
⬤
34
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
COMMERCIAL SERVICES & SUPPLIES—Continued
|
||
4,000
|
Azienda Bresciana Petroli Nocivelli SpA (Italy)
|
$16
|
47,073
|
Brambles Ltd. (Australia)
|
445
|
1,074
|
Cewe Stiftung & Co. KGAA (Germany)
|
111
|
340
|
Fursys, Inc. (South Korea)
|
8
|
2,746
|
GL Events (France)
|
56
|
15,710
|
ISS AS (Denmark)
|
317
|
14,200
|
Kokuyo Co. Ltd. (Japan)
|
228
|
1,800
|
Kyodo Printing Co. Ltd. (Japan)
|
41
|
8,961
|
Mears Group PLC (United Kingdom)
|
31
|
5,900
|
Prestige International, Inc. (Japan)
|
24
|
1,900
|
Sato Holdings Corp. (Japan)
|
27
|
1,501
|
SPIE SA (France)
|
45
|
2,500
|
Takara & Co. Ltd. (Japan)
|
41
|
|
|
1,487
|
COMMUNICATIONS EQUIPMENT—0.0%
|
||
1,712
|
EVS Broadcast Equipment SA (Belgium)
|
42
|
CONSTRUCTION & ENGINEERING—0.4%
|
||
336,000
|
Analogue Holdings Ltd. (Hong Kong)
|
61
|
13,188
|
Boustead Singapore Ltd. (Singapore)
|
9
|
305
|
Burkhalter Holding AG (Switzerland)
|
32
|
18,032
|
Costain Group PLC (United Kingdom)*
|
11
|
5,000
|
Dai-Ichi Cutter Kogyo KK (Japan)
|
51
|
424
|
HOCHTIEF AG (Germany)
|
42
|
1,706
|
Implenia AG (Switzerland)
|
83
|
3,816
|
Lycopodium Ltd. (Australia)
|
26
|
3,900
|
Meisei Industrial Co. Ltd. (Japan)
|
27
|
905
|
Morgan Sindall Group PLC (United Kingdom)
|
22
|
122,700
|
Naim Holdings Bhd (Malaysia)*
|
20
|
3,722
|
Orascom Construction PLC (Armenia)
|
14
|
133,009
|
SRG Global Ltd. (Australia)
|
66
|
3,600
|
Tobishima Corp. (Japan)
|
35
|
7,700
|
Tomoe Corp. (Japan)
|
29
|
5,400
|
Toyo Engineering Corp. (Japan)*
|
25
|
1,500
|
Yondenko Corp. (Japan)
|
25
|
|
|
578
|
CONSTRUCTION MATERIALS—2.1%
|
||
4,100
|
Asia Pile Holdings Corp. (Japan)
|
18
|
13,352
|
Breedon Group PLC (United Kingdom)
|
62
|
22,877
|
Heidelberg Materials AG (Germany)
|
1,854
|
32,835
|
James Hardie Industries PLC CDI (United States)*,1
|
962
|
12,394
|
Qatar National Cement Co. QSC (Qatar)
|
14
|
800
|
Shinagawa Refractories Co. Ltd. (Japan)
|
36
|
33,984
|
Sigmaroc PLC (United Kingdom)*
|
26
|
29,705
|
Wagners Holding Co. Ltd. (Australia)*
|
16
|
9,027
|
Wienerberger AG (Austria)
|
296
|
|
|
3,284
|
CONSUMER FINANCE—0.0%
|
||
3,300
|
AEON Financial Service Co. Ltd. (Japan)
|
30
|
284
|
H&T Group PLC (United Kingdom)
|
1
|
|
|
31
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—0.6%
|
||
2,000
|
Axial Retailing, Inc. (Japan)
|
53
|
16,210
|
Eurocash SA (Poland)
|
70
|
6,564
|
Jeronimo Martins SGPS SA (Portugal)
|
179
|
19,800
|
Kitwave Group PLC (United Kingdom)
|
82
|
6,800
|
Lawson, Inc. (Japan)
|
341
|
2,600
|
Mitsubishi Shokuhin Co. Ltd. (Japan)
|
69
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—Continued
|
||
3,600
|
Orsero SpA (Italy)
|
$51
|
2,700
|
Qol Holdings Co. Ltd. (Japan)
|
32
|
1,300
|
Toho Co. Ltd. (Japan)
|
25
|
|
|
902
|
CONTAINERS & PACKAGING—0.1%
|
||
11,718
|
Orora Ltd. (Australia)
|
28
|
6,177
|
Pro-Pacific Packaging Ltd. (Australia)*
|
1
|
39,400
|
PSC Corp. Ltd. (Singapore)
|
10
|
1,900
|
Richards Packaging Income Fund (Canada)
|
49
|
9,900
|
Thantawan Industry PCL NVDR (Thailand)1
|
8
|
579
|
Vetropack Holding AG Class A (Switzerland)
|
29
|
|
|
125
|
DISTRIBUTORS—0.0%
|
||
52,861
|
Smiths News PLC (United Kingdom)
|
30
|
DIVERSIFIED CONSUMER SERVICES—0.0%
|
||
1,533
|
JLS Co. Ltd. (South Korea)
|
8
|
2,713
|
MegaStudy Co. Ltd. (South Korea)
|
22
|
3,700
|
Tear Corp. (Japan)
|
12
|
|
|
42
|
DIVERSIFIED TELECOMMUNICATION SERVICES—0.0%
|
||
604
|
Magyar Telekom Telecommunications PLC ADR
(Hungary)1
|
4
|
125
|
Telefonica SA (Spain)
|
—
|
3,800
|
Vision, Inc. (Japan)*
|
47
|
|
|
51
|
ELECTRIC UTILITIES—0.1%
|
||
713
|
BKW AG (Switzerland)
|
128
|
ELECTRICAL EQUIPMENT—2.1%
|
||
49,337
|
ABB Ltd. (Switzerland)
|
1,980
|
5,600
|
Chiyoda Integre Co. Ltd. (Japan)
|
97
|
1,700
|
Daihen Corp. (Japan)
|
65
|
2,000
|
Hammond Power Solutions, Inc. (Canada)
|
89
|
70,600
|
Mitsubishi Electric Corp. (Japan)
|
1,019
|
2,500
|
Sinfonia Technology Co. Ltd. (Japan)
|
30
|
2,200
|
Takaoka Toko Co. Ltd. (Japan)
|
33
|
51,000
|
Xingye Alloy Materials Group Ltd. (China)*
|
7
|
|
|
3,320
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.0%
|
||
7,300
|
Celestica, Inc. (Canada)*
|
160
|
2,300
|
Daitron Co. Ltd. (Japan)
|
51
|
77,905
|
DataTec Ltd. (South Africa)
|
153
|
4,345
|
Lagercrantz Group AB Class B (Sweden)
|
52
|
3,151
|
Landis & Gyr Group AG (Switzerland)*
|
274
|
265
|
Nedap NV (Netherlands)
|
18
|
2,700
|
Nihon Denkei Co. Ltd. (Japan)
|
41
|
3,800
|
Osaki Electric Co. Ltd. (Japan)
|
15
|
12,592
|
Rakon Ltd. (New Zealand)
|
6
|
10
|
Schaffner Holding AG (Switzerland)
|
3
|
2,700
|
Sigma Koki Co. Ltd. (Japan)
|
30
|
2,700
|
SMK Corp. (Japan)
|
51
|
3,689
|
Spectris PLC (United Kingdom)
|
166
|
2,000
|
Sun-Wa Technos Corp. (Japan)
|
32
|
29,000
|
Yokogawa Electric Corp. (Japan)
|
545
|
|
|
1,597
|
⬤
35
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
ENERGY EQUIPMENT & SERVICES—0.5%
|
||
55,749
|
CES Energy Solutions Corp. (Canada)
|
$119
|
8,560
|
Computer Modelling Group Ltd. (Canada)
|
47
|
13,597
|
Hunting PLC (United Kingdom)
|
46
|
62,210
|
MMA Offshore Ltd. (Australia)*
|
55
|
10,553
|
Pason Systems, Inc. (Canada)
|
105
|
23,013
|
PHX Energy Services Corp. (Canada)
|
123
|
5,730
|
Shawcor Ltd. (Canada)*
|
87
|
9,418
|
Technip Energies NV (France)
|
215
|
1,700
|
Tenaris SA (United States)
|
28
|
|
|
825
|
ENTERTAINMENT—1.5%
|
||
7,900
|
Ateam, Inc. (Japan)
|
38
|
14,200
|
Capcom Co. Ltd. (Japan)
|
639
|
46,000
|
IGG, Inc. (Singapore)*
|
23
|
7,800
|
Nexon Co. Ltd. (Japan)
|
149
|
397
|
PlayWay SA (Poland)*
|
42
|
9,733
|
Spotify Technology SA (United States)*
|
1,454
|
|
|
2,345
|
FINANCIAL SERVICES—0.5%
|
||
95,700
|
Pacific Century Regional Developments Ltd.
(Singapore)
|
25
|
22,008
|
Washington H Soul Pattinson & Co. Ltd. (Australia)
|
488
|
2,030
|
Wendel SE (France)
|
201
|
2,200
|
Zenkoku Hosho Co. Ltd. (Japan)
|
77
|
|
|
791
|
FOOD PRODUCTS—0.2%
|
||
12,391
|
AustAsia Group Ltd. (China)*
|
3
|
469,500
|
CCK Consolidated Holdings Bhd (Malaysia)
|
76
|
1,500,000
|
China Starch Holdings Ltd. (China)
|
30
|
39,400
|
Delfi Ltd. (Singapore)
|
36
|
18,055
|
Finsbury Food Group PLC (United Kingdom)
|
22
|
848
|
Industrial Milk Co. (Ukraine)*
|
3
|
58,700
|
Kawan Food Bhd (Malaysia)
|
24
|
37,800
|
Kim Loong Resources Bhd (Malaysia)
|
16
|
561
|
Maeil Holdings Co. Ltd. (South Korea)
|
4
|
5,437
|
PGG Wrightson Ltd. (New Zealand)
|
14
|
27,953
|
Ridley Corp. Ltd. (Australia)
|
37
|
1,562
|
Sajodaerim Corp. (South Korea)
|
31
|
376,800
|
Salim Ivomas Pratama Tbk PT (Indonesia)
|
11
|
98,600
|
Sarawak Plantation Bhd (Malaysia)
|
47
|
22,100
|
Ta Ann Holdings Bhd (Malaysia)
|
18
|
|
|
372
|
GAS UTILITIES—0.0%
|
||
4,400
|
Hiroshima Gas Co. Ltd. (Japan)
|
12
|
GROUND TRANSPORTATION—0.5%
|
||
4,400
|
Alps Logistics Co. Ltd. (Japan)
|
49
|
341,700
|
BTS Rail Mass Transit Growth Infrastructure Fund
(Thailand)*
|
26
|
1,900
|
Chilled & Frozen Logistics Holdings Co. Ltd. (Japan)
|
18
|
50,609
|
Firstgroup PLC (United Kingdom)
|
95
|
220
|
Jungfraubahn Holding AG (Switzerland)
|
39
|
36,910
|
Lindsay Australia Ltd. (Australia)
|
33
|
1,000
|
Maruzen Showa Unyu Co. Ltd. (Japan)
|
29
|
3,400
|
Mullen Group Ltd. (Canada)
|
41
|
14,007
|
PKP Cargo SA (Poland)*
|
59
|
1,800
|
Seino Holdings Co. Ltd. (Japan)
|
28
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
GROUND TRANSPORTATION—Continued
|
||
2,400
|
TFI International, Inc. (Canada)
|
$308
|
|
|
725
|
HEALTH CARE EQUIPMENT & SUPPLIES—0.7%
|
||
22,437
|
ADDvise Group AB Class B (Sweden)*
|
28
|
1,024
|
Carl Zeiss Meditec AG (Germany)
|
119
|
1,964
|
Cochlear Ltd. (Australia)
|
316
|
7,729
|
Demant AS (Denmark)*
|
307
|
2,200
|
Fukuda Denshi Co. Ltd. (Japan)
|
70
|
924
|
Ion Beam Applications (Belgium)
|
15
|
4,800
|
Jeol Ltd. (Japan)
|
165
|
5,000
|
JMS Co. Ltd. (Japan)
|
20
|
|
|
1,040
|
HEALTH CARE PROVIDERS & SERVICES—0.3%
|
||
5,406
|
Dedicare AB Class B (Sweden)
|
49
|
19,831
|
Humana AB (Sweden)*
|
52
|
4,800
|
Japan Medical Dynamic Marketing, Inc. (Japan)
|
33
|
60,000
|
Ladprao General Hospital PCL NVDR (Thailand)1
|
10
|
13,000
|
Medipal Holdings Corp. (Japan)
|
223
|
6,322
|
Oriola Oyj (Finland)
|
8
|
830
|
Oriola Oyj Class B (Finland)
|
1
|
10,598
|
Viemed Healthcare, Inc. (United States)*
|
89
|
|
|
465
|
HEALTH CARE TECHNOLOGY—0.2%
|
||
211
|
Ascom Holding AG (Switzerland)
|
3
|
7,502
|
Pro Medicus Ltd. (Australia)
|
347
|
300
|
Software Service, Inc. (Japan)
|
22
|
|
|
372
|
HOTELS, RESTAURANTS & LEISURE—2.4%
|
||
81,600
|
After You PCL NVDR (Thailand)1
|
24
|
22,805
|
Aristocrat Leisure Ltd. (Australia)
|
604
|
4,523
|
Betsson AB Class B (Sweden)*
|
55
|
400,400
|
Champ Resto Indonesia Tbk PT (Indonesia)
|
35
|
1,574
|
Cie des Alpes (France)
|
23
|
1,489,700
|
Genting Singapore Ltd. (Singapore)
|
1,054
|
24,720
|
Hollywood Bowl Group PLC (United Kingdom)
|
71
|
83,100
|
Jaya Bersama Indo Tbk PT (Indonesia)*
|
—
x
|
46,000
|
Kimly Ltd. (Singapore)
|
12
|
36,774
|
La Francaise des Jeux SAEM (France)2
|
1,404
|
8,233
|
Whitbread PLC (United Kingdom)
|
370
|
2,500
|
Yossix Holdings Co. Ltd. (Japan)
|
46
|
61,600
|
Zen Corp. Group PCL NVDR (Taiwan)1
|
22
|
|
|
3,720
|
HOUSEHOLD DURABLES—0.3%
|
||
5
|
Dom Development SA (Poland)
|
—
|
3,800
|
JANOME Corp. (Japan)
|
17
|
2,700
|
Nihon Trim Co. Ltd. (Japan)
|
62
|
1,479
|
Nikon Corp. (Japan)
|
20
|
25,500
|
Panasonic Holdings Corp. (Japan)
|
315
|
10,993
|
Toya SA (Poland)*
|
17
|
|
|
431
|
INDUSTRIAL CONGLOMERATES—2.8%
|
||
3,700
|
Hitachi Ltd. (Japan)
|
242
|
2,561
|
Industries Qatar QSC (Qatar)
|
9
|
14,034
|
Qatar Industrial Manufacturing Co. QSC (Qatar)
|
12
|
23,049
|
Siemens AG (Germany)
|
3,929
|
⬤
36
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
INDUSTRIAL CONGLOMERATES—Continued
|
||
8,221
|
Smiths Group PLC (United Kingdom)
|
$179
|
|
|
4,371
|
INSURANCE—1.7%
|
||
1,600
|
Allianz Malaysia Bhd (Malaysia)
|
5
|
291,200
|
Asuransi Tugu Pratama Indonesia Tbk PT
(Indonesia)
|
27
|
21,539
|
Chesnara PLC (United Kingdom)
|
75
|
226,800
|
China Pacific Insurance Group Co. Ltd. Class H
(China)
|
611
|
4,300
|
iA Financial Corp., Inc. (Canada)
|
298
|
11,700
|
Japan Post Insurance Co. Ltd. (Japan)
|
189
|
1,502,000
|
People’s Insurance Co. Group of China Ltd. Class H
(China)
|
578
|
600
|
Sompo Holdings, Inc. (Japan)
|
27
|
36,700
|
Tokio Marine Holdings, Inc. (Japan)
|
844
|
|
|
2,654
|
INTERACTIVE MEDIA & SERVICES—0.2%
|
||
1,184
|
Autohome, Inc. ADR (China)1
|
38
|
2,833
|
JOYY, Inc. ADR (China)1
|
99
|
13,600
|
Kakaku.com, Inc. (Japan)
|
203
|
|
|
340
|
INTERNET & CATALOG RETAIL—0.0%
|
||
9,200
|
Hai-O Enterprise Bhd (Malaysia)
|
2
|
IT SERVICES—3.4%
|
||
2,100
|
AGS Corp. (Japan)
|
11
|
4,958
|
Atea ASA (Sweden)*
|
67
|
7,794
|
B3 Consulting Group AB (Sweden)
|
76
|
1,400
|
Business Brain Showa-Ota, Inc. (Japan)
|
22
|
800
|
CDS Co. Ltd. (Japan)
|
10
|
640
|
ComArch SA (Poland)
|
24
|
4,200
|
Core Corp. (Japan)
|
51
|
5,900
|
Fujitsu Ltd. (Japan)
|
764
|
2,600
|
ID Holdings Corp. (Japan)
|
25
|
40,100
|
NEC Corp. (Japan)
|
2,029
|
1,500
|
Oro Co. Ltd. (Japan)
|
20
|
10,300
|
Otsuka Corp. (Japan)
|
429
|
59,785
|
Presight AI Holding PLC (Armenia)*
|
55
|
571
|
Sopra Steria Group SACA (France)
|
124
|
3,300
|
TechMatrix Corp. (Japan)
|
36
|
4,200
|
Ubicom Holdings, Inc. (Japan)
|
42
|
1,500
|
VINX Corp. (Japan)
|
14
|
15,419
|
Wix.com Ltd. (Israel)*
|
1,454
|
700
|
Zuken, Inc. (Japan)
|
21
|
|
|
5,274
|
LEISURE PRODUCTS—0.3%
|
||
30,798
|
Me Group International PLC (United Kingdom)
|
62
|
1,500
|
Sankyo Co. Ltd. (Japan)
|
63
|
12,200
|
Sega Sammy Holdings, Inc. (Japan)
|
267
|
3,600
|
Tomy Co. Ltd. (Japan)
|
49
|
|
|
441
|
MACHINERY—6.1%
|
||
8,100
|
Amada Co. Ltd. (Japan)
|
80
|
3,623
|
ANDRITZ AG (Austria)
|
191
|
101,663
|
Atlas Copco AB Class A (Sweden)
|
1,444
|
7,300
|
Daihatsu Diesel Manufacturing Co. Ltd. (Japan)
|
40
|
9,455
|
Daimler Truck Holding AG (Germany)
|
355
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MACHINERY—Continued
|
||
13,379
|
Deutz AG (Germany)
|
$74
|
5,396
|
Duerr AG (Germany)
|
168
|
54
|
Exail Technologies SA (France)*
|
1
|
268
|
Exel Industries Class A (France)
|
16
|
3,300
|
Freund Corp. (Japan)
|
15
|
4,800
|
Fuji Corp. (Japan)
|
88
|
6,776
|
GEA Group AG (Germany)
|
288
|
1,691
|
Georg Fischer AG (Switzerland)
|
115
|
1,327
|
Grenevia SA (Poland)*
|
1
|
7,500
|
Hino Motors Ltd. (Japan)*
|
30
|
4,000
|
Hitachi Construction Machinery Co. Ltd. (Japan)
|
120
|
6,457
|
IMI PLC (United Kingdom)
|
135
|
11,747
|
Iveco Group NV (Italy)*
|
111
|
2,600
|
Iwaki Co. Ltd. (Japan)
|
26
|
9,839
|
Knorr-Bremse AG (Germany)
|
692
|
19,100
|
Miura Co. Ltd. (Japan)
|
482
|
8,800
|
Nippon Thompson Co. Ltd. (Japan)
|
36
|
2,200
|
Nitto Kohki Co. Ltd. (Japan)
|
30
|
2,900
|
OKUMA Corp. (Japan)
|
147
|
371
|
Palfinger AG (Austria)
|
11
|
2,500
|
Pegasus Co. Ltd. (Japan)
|
10
|
9
|
Prodways Group SA (France)*
|
—
|
409
|
Rational AG (Germany)
|
306
|
600
|
Rix Corp. (Japan)
|
14
|
4,711
|
Schindler Holding AG (Switzerland)
|
1,144
|
648
|
Semperit AG Holding (Austria)
|
14
|
4,700
|
Sodick Co. Ltd. (Japan)
|
24
|
3,000
|
Toyo Machinery & Metal Co. Ltd. (Japan)
|
15
|
9,561
|
Vesuvius PLC (United Kingdom)
|
54
|
135,367
|
Volvo AB Class B (Sweden)
|
2,986
|
22,972
|
Wartsila Oyj Abp (Finland)
|
289
|
52,300
|
Yangzijiang Shipbuilding Holdings Ltd. (China)
|
61
|
|
|
9,613
|
MARINE TRANSPORTATION—3.2%
|
||
1,133
|
AP Moller - Maersk AS Class B (Denmark)
|
2,327
|
40,373
|
Hoegh Autoliners ASA (Norway)
|
233
|
16,000
|
Kawasaki Kisen Kaisha Ltd. (Japan)
|
483
|
4,619
|
Kuehne & Nagel International AG (Switzerland)
|
1,445
|
1,228,800
|
Marco Polo Marine Ltd. (Singapore)*
|
49
|
1,100
|
Nippon Concept Corp. (Japan)
|
15
|
341,700
|
Samudera Shipping Line Ltd. (Singapore)
|
215
|
75,000
|
SITC International Holdings Co. Ltd. (China)
|
164
|
1,029
|
Stolt-Nielsen Ltd. (Norway)
|
26
|
2,303
|
Western Bulk Chartering AS (Norway)
|
7
|
1,724
|
Wilson ASA (Norway)*
|
11
x
|
|
|
4,975
|
MEDIA—0.6%
|
||
1,200
|
AlphaPolis Co. Ltd. (Japan)*
|
24
|
4,842
|
Bloomsbury Publishing PLC (United Kingdom)
|
27
|
87
|
Enero Group Ltd. (Australia)
|
—
|
1,900
|
FAN Communications, Inc. (Japan)
|
5
|
85
|
GTN Ltd. (Australia)
|
—
|
2,451
|
HighCo (France)
|
13
|
53,310
|
NZME Ltd. (New Zealand)
|
33
|
158,443
|
Pico Far East Holdings Ltd. (Hong Kong)
|
28
|
6,600
|
Proto Corp. (Japan)
|
59
|
33,805
|
PRT Co. Ltd. (Australia)*
|
—
x
|
8,535
|
Publicis Groupe SA (France)
|
688
|
16,315
|
SKY Network Television Ltd. (New Zealand)
|
25
|
|
|
902
|
⬤
37
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
METALS & MINING—4.5%
|
||
1,595
|
Anglo American PLC (South Africa)
|
$49
|
233,117
|
Base Resources Ltd. (Australia)
|
27
|
67,085
|
BlueScope Steel Ltd. (Australia)
|
989
|
20,142
|
Boryszew SA (Poland)
|
33
|
11,852
|
ElvalHalcor SA (Greece)
|
29
|
17,744
|
Gem Diamonds Ltd. (United Kingdom)*
|
4
|
94,549
|
Gerdau SA ADR (Brazil)1
|
581
|
105,087
|
Iluka Resources Ltd. (Australia)
|
726
|
6,948
|
Major Drilling Group International, Inc. (Canada)*
|
50
|
35,973
|
Perenti Ltd. (Australia)*
|
29
|
37,573
|
Rio Tinto PLC ADR (Australia)1
|
2,501
|
93,363
|
Sierra Rutile Holdings Ltd. (Australia)*
|
14
|
405,202
|
South32 Ltd. (Australia)
|
1,067
|
5,100
|
Stelco Holdings, Inc. (Canada)
|
186
|
7,746
|
thyssenkrupp AG (Germany)
|
62
|
3,984
|
Torex Gold Resources, Inc. (Canada)*
|
56
|
5,500
|
Tree Island Steel Ltd. (Canada)
|
13
|
18,759
|
voestalpine AG (Austria)
|
620
|
3,359
|
Zimplats Holdings Ltd. (Australia)
|
60
|
|
|
7,096
|
MULTI-UTILITIES—2.6%
|
||
744,821
|
Centrica PLC (United Kingdom)
|
1,320
|
193,765
|
E.ON SE (Germany)
|
2,451
|
45,600
|
Sembcorp Industries Ltd. (Singapore)
|
187
|
169,100
|
YTL Power International Bhd (Malaysia)
|
51
|
|
|
4,009
|
OIL, GAS & CONSUMABLE FUELS—4.3%
|
||
250,300
|
ABM Investama Tbk PT (Indonesia)
|
61
|
1,395,100
|
Adaro Energy Indonesia Tbk PT (Indonesia)
|
223
|
36,669
|
Awilco LNG AS (Norway)*
|
32
|
551,700
|
Baramulti Suksessarana Tbk PT (Indonesia)
|
138
|
104,000
|
Bayan Resources Tbk PT (Indonesia)
|
137
|
75,847
|
BP PLC ADR (United Kingdom)1
|
2,829
|
214,500
|
Bukit Asam Tbk PT (Indonesia)
|
39
|
55,295
|
Channel Infrastructure NZ Ltd. (New Zealand)
|
56
|
7,000
|
Crew Energy, Inc. (Canada)*
|
30
|
787
|
E1 Corp. (South Korea)
|
34
|
5,445
|
Equinor ASA (Norway)
|
167
|
28,226
|
Golden Energy Mines Tbk PT (Indonesia)
|
12
|
507,155
|
Horizon Oil Ltd. (Australia)
|
51
|
182,800
|
Indika Energy Tbk PT (Indonesia)
|
24
|
162,500
|
Lanna Resources PCL NVDR (Thailand)1
|
76
|
3,518
|
Lubelski Wegiel Bogdanka SA (Poland)
|
34
|
4,700
|
MEG Energy Corp. (Canada)*
|
84
|
4,409
|
New Hope Corp. Ltd. (Australia)
|
16
|
10,529
|
OMV AG (Austria)
|
474
|
752,000
|
PetroChina Co. Ltd. Class H (China)
|
551
|
577,000
|
Petron Corp. (Philippines)
|
39
|
52,200
|
Prima Andalan Mandiri Tbk PT (Indonesia)
|
18
|
136,800
|
PTT Exploration & Production PCL NVDR
(Thailand)1
|
639
|
866,500
|
Resource Alam Indonesia Tbk PT (Indonesia)
|
29
|
3,637
|
Shell PLC (Netherlands)
|
110
|
171,900
|
Thai Oil PCL NVDR (Thailand)1
|
258
|
2,184
|
Unimot SA (Poland)
|
55
|
80,800
|
United Tractors Tbk PT (Indonesia)
|
148
|
83,223
|
Whitehaven Coal Ltd. (Australia)
|
389
|
|
|
6,753
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
PAPER & FOREST PRODUCTS—0.1%
|
||
6,729
|
Arctic Paper SA (Poland)
|
$30
|
1,311
|
Midway Ltd. (Australia)*
|
1
|
21,100
|
Supremex, Inc. (Canada)
|
102
|
|
|
133
|
PASSENGER AIRLINES—4.2%
|
||
103,975
|
Air Arabia PJSC (Armenia)
|
76
|
112,697
|
Air New Zealand Ltd. (New Zealand)*
|
55
|
196,278
|
Deutsche Lufthansa AG (Germany)*
|
1,980
|
228,030
|
International Consolidated Airlines Group SA
(United Kingdom)*
|
501
|
20,430
|
JET2 PLC (United Kingdom)
|
295
|
391,553
|
Qantas Airways Ltd. (Australia)*
|
1,720
|
338,400
|
Singapore Airlines Ltd. (Singapore)
|
1,917
|
|
|
6,544
|
PERSONAL CARE PRODUCTS—0.0%
|
||
477
|
Interparfums SA (France)
|
34
|
2,600
|
Mandom Corp. (Japan)
|
26
|
|
|
60
|
PHARMACEUTICALS—9.1%
|
||
5,082
|
GSK PLC (United States)
|
90
|
25,899
|
GSK PLC ADR (United States)1
|
921
|
1,436
|
Ipsen SA (France)
|
181
|
31,700
|
Nippon Shinyaku Co. Ltd. (Japan)
|
1,282
|
29,934
|
Novo Nordisk AS Class B (Denmark)
|
4,827
|
22,300
|
Ono Pharmaceutical Co. Ltd. (Japan)
|
409
|
284
|
Orion Oyj Class A (Finland)
|
11
|
25,900
|
Otsuka Holdings Co. Ltd. (Japan)
|
952
|
13,785
|
Recordati Industria Chimica e Farmaceutica SpA
(Italy)
|
712
|
10,397
|
Roche Holding AG (United States)
|
3,224
|
5,600
|
Seikagaku Corp. (Japan)
|
31
|
37,900
|
Shionogi & Co. Ltd. (Japan)
|
1,588
|
274
|
Vetoquinol SA (France)
|
28
|
|
|
14,256
|
PROFESSIONAL SERVICES—2.6%
|
||
600
|
Abist Co. Ltd. (Japan)
|
14
|
2,500
|
Asia Air Survey Co. Ltd. (Japan)
|
17
|
613
|
Bertrandt AG (Germany)
|
32
|
3,529
|
Brunel International NV (Netherlands)
|
49
|
1,700
|
Career Design Center Co. Ltd. (Japan)
|
21
|
1,800
|
Creek & River Co. Ltd. (Japan)
|
26
|
1,800
|
dip Corp. (Japan)
|
45
|
5,300
|
en Japan, Inc. (Japan)
|
105
|
1,745
|
Impellam Group PLC (United Kingdom)
|
16
|
1,100
|
JAC Recruitment Co. Ltd. (Japan)
|
22
|
2,600
|
Matching Service Japan Co. Ltd. (Japan)
|
22
|
2,400
|
Meitec Corp. (Japan)
|
44
|
11,864
|
Pagegroup PLC (United Kingdom)
|
68
|
2,900
|
Recruit Holdings Co. Ltd. (Japan)
|
100
|
5,300
|
SIGMAXYZ Holdings, Inc. (Japan)
|
50
|
2,400
|
SMS Co. Ltd. (Japan)
|
51
|
8,500
|
Space Co. Ltd. (Japan)
|
66
|
3,412
|
SThree PLC (United Kingdom)
|
15
|
6,185
|
Wilmington PLC (United Kingdom)
|
24
|
26,555
|
Wolters Kluwer NV (Netherlands)
|
3,335
|
1,600
|
YAMADA Consulting Group Co. Ltd. (Japan)
|
18
|
|
|
4,140
|
⬤
38
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
REAL ESTATE MANAGEMENT & DEVELOPMENT—0.2%
|
||
4,596,500
|
Agung Podomoro Land Tbk PT (Indonesia)*
|
$49
|
946
|
Almogim Holdings Ltd. (Israel)
|
1
|
292,649
|
Deyaar Development PJSC (United Arab Emirates)*
|
58
|
23,367
|
Emaar Development PJSC (United Arab Emirates)
|
40
|
107,325
|
Emaar Properties PJSC (United Arab Emirates)
|
198
|
116,681
|
Ever Reach Group Holdings Co. Ltd. (China)*
|
4
|
998
|
K Wah International Holdings Ltd. (Hong Kong)
|
—
|
1,077
|
Melcor Developments Ltd. (Canada)
|
9
|
20,963
|
Modern Land China Co. Ltd. (China)*
|
—
x
|
2,400
|
Propnex Ltd. (Singapore)
|
2
|
|
|
361
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—2.3%
|
||
1,378
|
ChipMOS Technologies, Inc. ADR (Taiwan)1
|
32
|
2,400
|
Disco Corp. (Japan)
|
451
|
51,863
|
Infineon Technologies AG (Germany)
|
2,279
|
3,100
|
Megachips Corp. (Japan)
|
93
|
2,000
|
Optorun Co. Ltd. (Japan)
|
33
|
900
|
RS Technologies Co. Ltd. (Japan)
|
19
|
2,500
|
Sanken Electric Co. Ltd. (Japan)
|
255
|
1,700
|
SCREEN Holdings Co. Ltd. (Japan)
|
184
|
1,172
|
SUESS MicroTec SE (Germany)
|
29
|
1,000
|
Tokyo Electron Ltd. (Japan)
|
150
|
1,500
|
Tokyo Seimitsu Co. Ltd. (Japan)
|
83
|
|
|
3,608
|
SOFTWARE—6.8%
|
||
2,388
|
Altium Ltd. (Australia)
|
61
|
15,793
|
Check Point Software Technologies Ltd. (Israel)*
|
2,088
|
14,600
|
Coveo Solutions, Inc. (Canada)*
|
131
|
1,892
|
CyberArk Software Ltd. (United States)*
|
314
|
3,500
|
Cybozu, Inc. (Japan)
|
55
|
1,100
|
Digital Arts, Inc. (Japan)
|
44
|
8,085
|
Enghouse Systems Ltd. (Canada)
|
183
|
3,700
|
Intelligent Wave, Inc. (Japan)
|
21
|
5,400
|
ISB Corp. (Japan)
|
60
|
6,268
|
LiveChat Software SA (Poland)
|
231
|
5,370
|
Monday.com Ltd. (United States)*
|
971
|
4,800
|
Nice Ltd. ADR (Israel)*,1
|
1,046
|
600
|
NTT Data Intramart Corp. (Japan)
|
7
|
123,543
|
Sage Group PLC (United Kingdom)
|
1,486
|
18,251
|
SAP SE (Germany)
|
2,490
|
1,800
|
Soliton Systems KK (Japan)
|
16
|
13,642
|
Symbio Holdings Ltd. (Australia)
|
22
|
18,282
|
Technology One Ltd. (Australia)
|
194
|
1,801
|
Telcoware Co. Ltd. (South Korea)
|
12
|
5,400
|
Trend Micro, Inc. (Japan)
|
255
|
17,119
|
WiseTech Global Ltd. (Australia)
|
989
|
|
|
10,676
|
SPECIALTY RETAIL—3.7%
|
||
5,000
|
Adastria Co. Ltd. (Japan)
|
102
|
6,743
|
Autosports Group Ltd. (Australia)
|
11
|
441
|
Castro Model Ltd. (Israel)*
|
5
|
888
|
Delta Israel Brands Ltd. (Israel)
|
9
|
430
|
Fielmann AG (Germany)
|
22
|
4,300
|
Fuji Corp. (Japan)
|
53
|
95,364
|
H & M Hennes & Mauritz AB Class B (Sweden)3
|
1,604
|
96,256
|
Industria de Diseno Textil SA (Spain)
|
3,684
|
6,986
|
Naturhouse Health SAU (Spain)
|
13
|
152,900
|
Padini Holdings Bhd (Malaysia)
|
135
|
70
|
Samse SACA (France)
|
15
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SPECIALTY RETAIL—Continued
|
||
3,700
|
United Arrows Ltd. (Japan)
|
$62
|
7,200
|
USS Co. Ltd. (Japan)
|
125
|
|
|
5,840
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.2%
|
||
30,700
|
Brother Industries Ltd. (Japan)
|
479
|
1,100
|
Canon, Inc. (Japan)
|
28
|
75,300
|
Ricoh Co. Ltd. (Japan)
|
670
|
44,800
|
Seiko Epson Corp. (Japan)
|
736
|
14,394
|
Tobii Dynavox AB (Sweden)*
|
45
|
|
|
1,958
|
TEXTILES, APPAREL & LUXURY GOODS—6.8%
|
||
1,463
|
Bijou Brigitte AG (Germany)
|
74
|
24,196
|
Burberry Group PLC (United Kingdom)
|
691
|
117
|
Christian Dior SE (France)
|
103
|
14,963
|
Cie Financiere Richemont SA Class A (Switzerland)
|
2,410
|
42,426
|
Geox SpA (Italy)*
|
38
|
700
|
Goldwin, Inc. (Japan)
|
57
|
1,779
|
Hermes International (France)
|
3,937
|
94,100
|
MC Group PCL NVDR (Thailand)1
|
33
|
12,252
|
Pandora AS (Denmark)
|
1,226
|
20,400
|
PRADA SpA (Italy)
|
145
|
600
|
Rhythm Co. Ltd. (Japan)
|
7
|
6,380
|
Swatch Group AG (Switzerland)
|
2,042
|
|
|
10,763
|
TOBACCO—0.1%
|
||
652,400
|
Wismilak Inti Makmur Tbk PT (Indonesia)
|
82
|
TRADING COMPANIES & DISTRIBUTORS—0.9%
|
||
60,000
|
APAC Resources Ltd. (Hong Kong)
|
9
|
2,000
|
Chori Co. Ltd. (Japan)
|
41
|
1,700
|
Finning International, Inc. (Canada)
|
58
|
2,900
|
Gecoss Corp. (Japan)
|
19
|
5,800
|
Hanwa Co. Ltd. (Japan)
|
198
|
2,853
|
Howden Joinery Group PLC (United Kingdom)
|
27
|
2,349
|
Jacquet Metals SACA (France)
|
47
|
2,200
|
Kanaden Corp. (Japan)
|
21
|
4,900
|
Kanematsu Corp. (Japan)
|
72
|
800
|
Nanyo Corp. (Japan)
|
12
|
252,987
|
New Times Energy Corp. Ltd. (Hong Kong)*
|
4
|
900
|
Nice Corp. (Japan)
|
10
|
2,300
|
Parker Corp. (Japan)
|
12
|
34,095
|
Rexel SA (France)
|
822
|
1,700
|
Sugimoto & Co. Ltd. (Japan)
|
25
|
900
|
Totech Corp. (Japan)
|
34
|
500
|
Tsubakimoto Kogyo Co. Ltd. (Japan)
|
17
|
|
|
1,428
|
TRANSPORTATION INFRASTRUCTURE—0.0%
|
||
91,000
|
Qilu Expressway Co. Ltd. (China)
|
28
|
TOTAL COMMON STOCKS
(Cost $141,878)
|
153,983
|
EXCHANGE-TRADED FUNDS—1.0%
|
||
|
|
|
(Cost $1,548)
|
||
CAPITAL MARKETS—1.0%
|
||
21,067
|
iShares MSCI EAFE ETF (United States)
|
1,569
|
⬤
39
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
PREFERRED STOCKS—0.1%
|
||
Shares
|
|
Value
|
AUTOMOBILE COMPONENTS—0.0%
|
||
6,114
|
Schaeffler AG (Germany)
|
$39
|
MACHINERY—0.1%
|
||
173
|
KSB SE & Co. KGaA (Germany)
|
110
|
TOTAL PREFERRED STOCKS
(Cost $90)
|
149
|
|
|
||
|
||
SHORT-TERM INVESTMENTS—0.1%
|
||
(Cost $190)
|
|
|
|
189,667
|
State Street Navigator Securities Lending
Government Money Market Portfolio (1 day yield
of 5.340%)4
|
190
|
TOTAL INVESTMENTS—99.2%
(Cost $143,706)
|
155,891
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.8%
|
1,335
|
|
TOTAL NET ASSETS—100%
|
$157,226
|
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Common Stocks
|
|
|
|
|
Africa
|
$—
|
$255
|
$—
|
$255
|
Europe
|
3,204
|
80,341
|
11
|
83,556
|
Latin America
|
581
|
—
|
—
|
581
|
Middle East/Central Asia
|
4,588
|
915
|
—
|
5,503
|
North America
|
6,856
|
4,304
|
—
|
11,160
|
Pacific Basin
|
4,208
|
48,696
|
24
|
52,928
|
Exchange-Traded Funds
|
|
|
|
|
North America
|
1,569
|
—
|
—
|
1,569
|
Preferred Stocks
|
|
|
|
|
Europe
|
—
|
149
|
—
|
149
|
Short-Term Investments
|
|
|
|
|
Investment Company-Securities Lending Investment Fund
|
190
|
—
|
—
|
190
|
Total Investments in Securities
|
$21,196
|
$134,660
|
$35
|
$155,891
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
The following is a rollforward of the Fund’s Level 3 investments during the year ended July 31, 2023. Transfers into or out of Level 3 are recognized as of the last day in the fiscal quarter of the period in which the event or change in circumstances that caused the reclassification occured.
Valuation
Description
|
Beginning
Balance
as of 11/01/2022
(000s)
|
Purchases
(000s)
|
Sales
(000s)
|
Discount/
(Premium)
(000s)
|
Total
Realized
Gain/(Loss)
(000s)
|
Change in
Unrealized
Appreciation/
(Depreciation)
(000s)
|
Transfers
Into
Level 35
(000s)
|
Transfers
Out of
Level 3
(000s)
|
Ending
Balance
as of
07/31/2023
(000s)
|
Unrealized
Gain/(Loss)
as of
07/31/2023
(000s)
|
Common Stock
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$35
|
$—
|
$35
|
$(15)
|
⬤
40
Harbor International Core Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS—Continued
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized
within Level 3 of the fair value hierarchy.
Valuation Descriptions
|
Ending Balance
as of 07/31/23
(000s)
|
Valuation
Technique
|
Unobservable
Input(s)
|
Input
Value(s)
|
Investments in Securities
|
|
|
|
|
Common Stocks
|
|
|
|
|
Danakali Ltd. (Australia)*
|
$24
|
Market Approach
|
Last Traded Price
|
AUD 0.41
|
Jaya Bersama Indo Tbk PT (Indonesia)*
|
—
|
Market Approach
|
Estimated Recovery Value
|
IDR 0.00
|
Modern Land China Co. Ltd. (China)*
|
—
|
Market Approach
|
Estimated Recovery Value
|
HKD 0.00
|
Wilson ASA (Norway)*
|
11
|
Market Approach
|
Last Traded Price
|
NOK 65.60
|
|
$35
|
|
|
|
*
Non-income producing security
x
Fair valued in accordance with Harbor Funds' Valuation Procedures.
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
2
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand
registration of these securities. As of July 31, 2023, the aggregate value of these securities was $1,812 or 1% of net assets.
3
All or a portion of this security was out on loan as of July 31, 2023.The market value of securities on loan and cash collateral
were $180 and $190 respectively.
4
Represents the investment of collateral received from securities lending activities
5
Transferred from Level 2 to Level 3 due to the unavailability of observable market data for pricing
AUD
Australian Dollar
HKD
Hong Kong Dollar
IDR
Indonesian Rupiah
NOK
Norwegian Krone
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
41
Harbor International Growth Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—97.3%
|
||
Shares
|
|
Value
|
AIR FREIGHT & LOGISTICS—1.0%
|
||
18,476
|
DSV AS (Denmark)
|
$3,698
|
AUTOMOBILE COMPONENTS—1.0%
|
||
52,740
|
Denso Corp. (Japan)
|
3,672
|
BANKS—4.5%
|
||
400,621
|
HDFC Bank Ltd. (India)
|
8,037
|
397,707
|
United Overseas Bank Ltd. (Singapore)
|
9,021
|
|
|
17,058
|
BEVERAGES—3.9%
|
||
85,022
|
Anheuser-Busch InBev SA (Belgium)
|
4,864
|
32,622
|
Remy Cointreau SA (France)*
|
5,600
|
332,472
|
United Spirits Ltd. (India)*
|
4,103
|
|
|
14,567
|
BIOTECHNOLOGY—0.7%
|
||
154,643
|
BeiGene Ltd. (China)*
|
2,561
|
BROADLINE RETAIL—6.3%
|
||
429,636
|
Alibaba Group Holding Ltd. (China)*
|
5,491
|
126,176
|
Coupang, Inc. Class A (South Korea)*
|
2,290
|
5,656
|
MercadoLibre, Inc. (Brazil)*
|
7,002
|
113,458
|
Prosus NV (China)*
|
8,975
|
|
|
23,758
|
BUILDING PRODUCTS—0.4%
|
||
185,020
|
Nibe Industrier AB Class B (Sweden)
|
1,667
|
CAPITAL MARKETS—0.9%
|
||
303,999
|
Hargreaves Lansdown PLC (United Kingdom)
|
3,326
|
CHEMICALS—1.1%
|
||
433,400
|
Nippon Paint Holdings Co. Ltd. (Japan)
|
3,971
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—5.6%
|
||
37,800
|
Cosmos Pharmaceutical Corp. (Japan)
|
4,368
|
226,338
|
Jeronimo Martins SGPS SA (Portugal)
|
6,162
|
923,487
|
Raia Drogasil SA (Brazil)
|
5,657
|
33,820
|
Sugi Holdings Co. Ltd. (Japan)
|
1,508
|
825,655
|
Wal-Mart de Mexico SAB de CV (Mexico)
|
3,439
|
|
|
21,134
|
ELECTRICAL EQUIPMENT—2.0%
|
||
99,600
|
Contemporary Amperex Technology Co. Ltd. Class A
(China)
|
3,321
|
67,680
|
Nidec Corp. (Japan)
|
4,042
|
|
|
7,363
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—2.7%
|
||
10,440
|
Keyence Corp. (Japan)
|
4,685
|
89,460
|
Murata Manufacturing Co. Ltd. (Japan)
|
5,314
|
|
|
9,999
|
ENTERTAINMENT—1.4%
|
||
25,088
|
Spotify Technology SA (United States)*
|
3,748
|
50,693
|
Ubisoft Entertainment SA (France)*
|
1,705
|
|
|
5,453
|
FINANCIAL SERVICES—5.7%
|
||
3,426
|
Adyen NV (Netherlands)*,1
|
6,359
|
45,294
|
EXOR NV (Netherlands)
|
4,232
|
323,254
|
Investor AB Class B (Sweden)
|
6,602
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
FINANCIAL SERVICES—Continued
|
||
143,111
|
Jio Financial Services Ltd. (India)*
|
$440
|
381,573
|
Wise PLC Class A (United Kingdom)*
|
3,806
|
|
|
21,439
|
GROUND TRANSPORTATION—0.9%
|
||
41,901
|
Canadian Pacific Kansas City Ltd. (Canada)
|
3,448
|
HEALTH CARE EQUIPMENT & SUPPLIES—4.1%
|
||
29,354
|
Cochlear Ltd. (Australia)
|
4,722
|
341,580
|
Olympus Corp. (Japan)
|
5,574
|
73,740
|
Sysmex Corp. (Japan)
|
4,993
|
|
|
15,289
|
HOTELS, RESTAURANTS & LEISURE—2.2%
|
||
56,368
|
MakeMyTrip Ltd. (India)*
|
1,622
|
210,540
|
Meituan Class B (China)*,1
|
4,019
|
750,096
|
Trainline PLC (United Kingdom)*,1
|
2,535
|
|
|
8,176
|
HOUSEHOLD PRODUCTS—1.5%
|
||
114,140
|
Pigeon Corp. (Japan)
|
1,542
|
113,900
|
Unicharm Corp. (Japan)
|
4,214
|
|
|
5,756
|
INSURANCE—2.9%
|
||
596,760
|
AIA Group Ltd. (Hong Kong)
|
5,970
|
656,100
|
Ping An Insurance Group Co. of China Ltd. Class H
(China)
|
4,781
|
|
|
10,751
|
INTERACTIVE MEDIA & SERVICES—4.9%
|
||
851,337
|
Auto Trader Group PLC (United Kingdom)1
|
7,061
|
164,698
|
Baidu, Inc. Class A (China)*
|
3,220
|
812,313
|
Rightmove PLC (United Kingdom)
|
5,952
|
791,400
|
Z Holdings Corp. (Japan)
|
2,206
|
|
|
18,439
|
IT SERVICES—1.9%
|
||
105,158
|
Shopify, Inc. Class A (Canada)*
|
7,107
|
LEISURE PRODUCTS—2.4%
|
||
35,519
|
Games Workshop Group PLC (United Kingdom)
|
5,310
|
24,180
|
Shimano, Inc. (Japan)
|
3,645
|
|
|
8,955
|
LIFE SCIENCES TOOLS & SERVICES—2.8%
|
||
6,255
|
Lonza Group AG (Switzerland)
|
3,634
|
5,495
|
Mettler-Toledo International, Inc. (United States)*
|
6,910
|
|
|
10,544
|
MACHINERY—7.8%
|
||
593,059
|
Atlas Copco AB Class A (Sweden)
|
8,425
|
261,040
|
Epiroc AB Class B (Sweden)
|
4,435
|
12,180
|
SMC Corp. (Japan)
|
6,365
|
484,800
|
Techtronic Industries Co. Ltd. (Hong Kong)
|
5,507
|
194,287
|
Weir Group PLC (United Kingdom)
|
4,576
|
|
|
29,308
|
OIL, GAS & CONSUMABLE FUELS—1.2%
|
||
143,111
|
Reliance Industries Ltd. (India)
|
4,437
|
⬤
42
Harbor International Growth Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
PERSONAL CARE PRODUCTS—2.4%
|
||
39,140
|
Kao Corp. (Japan)
|
$1,487
|
168,820
|
Shiseido Co. Ltd. (Japan)
|
7,402
|
|
|
8,889
|
PROFESSIONAL SERVICES—2.7%
|
||
100,401
|
Experian PLC (United States)
|
3,880
|
53,372
|
Intertek Group PLC (United Kingdom)
|
2,990
|
98,100
|
Recruit Holdings Co. Ltd. (Japan)
|
3,398
|
|
|
10,268
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—7.0%
|
||
13,433
|
ASML Holding NV (Netherlands)
|
9,621
|
569,580
|
LONGi Green Energy Technology Co. Ltd. Class A
(China)
|
2,387
|
143,480
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR
(Taiwan)2
|
14,226
|
|
|
26,234
|
SOFTWARE—3.0%
|
||
41,105
|
Nemetschek SE (Germany)
|
2,991
|
32,217
|
Topicus.com, Inc. (Netherlands)*
|
2,541
|
67,899
|
Xero Ltd. (New Zealand)*
|
5,581
|
|
|
11,113
|
SPECIALTY RETAIL—2.0%
|
||
176,680
|
Auto1 Group SE (Germany)*,1
|
1,904
|
214,687
|
Farfetch Ltd. Class A (United Kingdom)*
|
1,241
|
129,355
|
Zalando SE (Germany)*,1
|
4,466
|
|
|
7,611
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
TEXTILES, APPAREL & LUXURY GOODS—7.9%
|
||
17,724
|
adidas AG (Germany)
|
$3,578
|
127,630
|
Burberry Group PLC (United Kingdom)
|
3,643
|
55,981
|
Cie Financiere Richemont SA Class A (Switzerland)
|
9,015
|
6,482
|
Kering SA (France)
|
3,722
|
448,400
|
Li Ning Co. Ltd. (China)
|
2,734
|
7,594
|
LVMH Moet Hennessy Louis Vuitton SE (France)
|
7,053
|
|
|
29,745
|
TRADING COMPANIES & DISTRIBUTORS—2.5%
|
||
62,582
|
Ashtead Group PLC (United Kingdom)
|
4,630
|
31,380
|
IMCD NV (Netherlands)
|
4,755
|
|
|
9,385
|
TOTAL COMMON STOCKS
(Cost $277,650)
|
365,121
|
PREFERRED STOCKS—2.0%
|
||
|
|
|
(Cost $1,874)
|
||
LIFE SCIENCES TOOLS & SERVICES—2.0%
|
||
18,074
|
Sartorius AG (Germany)
|
7,457
|
TOTAL INVESTMENTS—99.3%
(Cost $279,524)
|
372,578
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%
|
2,674
|
|
TOTAL NET ASSETS—100%
|
$375,252
|
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Common Stocks
|
|
|
|
|
Europe
|
$3,782
|
$148,318
|
$—
|
$152,100
|
Latin America
|
16,099
|
—
|
—
|
16,099
|
Middle East/Central Asia
|
4,352
|
16,577
|
—
|
20,929
|
North America
|
21,212
|
3,880
|
—
|
25,092
|
Pacific Basin
|
14,226
|
136,675
|
—
|
150,901
|
Preferred Stocks
|
|
|
|
|
Europe
|
—
|
7,457
|
—
|
7,457
|
Total Investments in Securities
|
$59,671
|
$312,907
|
$—
|
$372,578
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $26,344 or 7% of net assets.
2
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
43
Harbor International Small Cap Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—95.1%
|
||
Shares
|
|
Value
|
AIR FREIGHT & LOGISTICS—2.1%
|
||
90,688
|
Sankyu, Inc. (Japan)
|
$3,145
|
13,720,117
|
Singapore Post Ltd. (Singapore)
|
5,160
|
|
|
8,305
|
AUTOMOBILE COMPONENTS—0.9%
|
||
2,560,730
|
Johnson Electric Holdings Ltd. (Hong Kong)
|
3,530
|
BANKS—1.3%
|
||
2,202,257
|
Virgin Money UK PLC (United Kingdom)
|
4,996
|
BEVERAGES—1.4%
|
||
429,166
|
AG Barr PLC (United Kingdom)
|
2,596
|
1,745,278
|
C&C Group PLC (Ireland)
|
3,091
|
|
|
5,687
|
BUILDING PRODUCTS—2.2%
|
||
1,430,909
|
Genuit Group PLC (United Kingdom)
|
5,753
|
1,026,699
|
Reliance Worldwide Corp. Ltd. (United States)
|
2,917
|
|
|
8,670
|
CAPITAL MARKETS—1.5%
|
||
2,872,041
|
TP ICAP Group PLC (United Kingdom)
|
5,862
|
CHEMICALS—3.6%
|
||
162,799
|
Neo Performance Materials, Inc. (Canada)
|
1,053
|
717,161
|
Tokai Carbon Co. Ltd. (Japan)
|
6,380
|
339,185
|
Victrex PLC (United Kingdom)
|
6,735
|
|
|
14,168
|
COMMERCIAL SERVICES & SUPPLIES—4.8%
|
||
315,175
|
ISS AS (Denmark)
|
6,368
|
203,139
|
Loomis AB Class B (Sweden)
|
5,926
|
3,336,319
|
Serco Group PLC (United Kingdom)
|
6,649
|
|
|
18,943
|
CONSTRUCTION & ENGINEERING—1.9%
|
||
354,828
|
Maire Tecnimont SpA (Italy)
|
1,458
|
412,541
|
Raito Kogyo Co. Ltd. (Japan)
|
5,976
|
|
|
7,434
|
CONSUMER FINANCE—1.6%
|
||
83,369
|
Cembra Money Bank AG (Switzerland)
|
6,328
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—1.3%
|
||
445,805
|
Qol Holdings Co. Ltd. (Japan)
|
5,318
|
CONTAINERS & PACKAGING—4.3%
|
||
507,648
|
Fuji Seal International, Inc. (Japan)
|
5,686
|
165,944
|
Huhtamaki Oyj (Finland)
|
5,899
|
564,081
|
Transcontinental, Inc. Class A (Canada)
|
5,599
|
|
|
17,184
|
DISTRIBUTORS—4.6%
|
||
1,352,089
|
Bapcor Ltd. (Australia)
|
5,688
|
667,448
|
Inchcape PLC (United Kingdom)
|
7,020
|
166,516
|
PALTAC Corp. (Japan)
|
5,595
|
|
|
18,303
|
ELECTRICAL EQUIPMENT—1.4%
|
||
118,104
|
Mersen SA (France)
|
5,559
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—7.5%
|
||
87,186
|
Amano Corp. (Japan)
|
1,981
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—Continued
|
||
658,761
|
Anritsu Corp. (Japan)
|
$5,187
|
138,789
|
AT&S Austria Technologie & Systemtechnik AG
(Austria)
|
5,242
|
58,383
|
Landis & Gyr Group AG (Switzerland)*
|
5,069
|
288,672
|
Optex Group Co. Ltd. (Japan)
|
3,788
|
226,553
|
Topcon Corp. (Japan)
|
2,757
|
517,370
|
Venture Corp. Ltd. (Singapore)
|
5,833
|
|
|
29,857
|
ENERGY EQUIPMENT & SERVICES—1.3%
|
||
234,333
|
Technip Energies NV (France)
|
5,341
|
FINANCIAL SERVICES—1.6%
|
||
914,736
|
Illimity Bank SpA (Italy)*
|
6,256
|
FOOD PRODUCTS—6.8%
|
||
124,715
|
Ariake Japan Co. Ltd. (Japan)
|
4,550
|
3,519,582
|
Aryzta AG (Switzerland)*
|
6,015
|
507,943
|
AustAsia Group Ltd. (China)*
|
117
|
1,198,451
|
Elders Ltd. (Australia)
|
5,876
|
363,367
|
Glanbia PLC (Ireland)
|
5,637
|
149,205
|
Morinaga & Co. Ltd. (Japan)
|
4,844
|
|
|
27,039
|
GAS UTILITIES—1.8%
|
||
288,203
|
Rubis SCA (France)
|
7,107
|
GROUND TRANSPORTATION—1.2%
|
||
1,063,115
|
Redde Northgate PLC (United Kingdom)
|
4,699
|
HEALTH CARE EQUIPMENT & SUPPLIES—5.1%
|
||
248,224
|
Ansell Ltd. (Australia)
|
4,031
|
1,381,332
|
Arjo AB Class B (Sweden)
|
5,910
|
478,017
|
Eiken Chemical Co. Ltd. (Japan)
|
5,073
|
147,820
|
Jeol Ltd. (Japan)
|
5,070
|
|
|
20,084
|
HEALTH CARE PROVIDERS & SERVICES—1.5%
|
||
331,572
|
Fagron NV (Belgium)
|
5,900
|
HOTELS, RESTAURANTS & LEISURE—2.5%
|
||
401,539
|
RESORTTRUST, Inc. (Japan)
|
6,349
|
867,862
|
Round One Corp. (Japan)
|
3,474
|
|
|
9,823
|
INDUSTRIAL CONGLOMERATES—0.7%
|
||
102,067
|
Indus Holding AG (Germany)
|
2,732
|
INSURANCE—4.9%
|
||
149,905
|
ASR Nederland NV (Netherlands)
|
6,795
|
366,481
|
Coface SA (France)
|
5,369
|
1,434,206
|
Direct Line Insurance Group PLC (United Kingdom)
|
2,769
|
2,243,858
|
Mapfre SA (Spain)
|
4,664
|
|
|
19,597
|
IT SERVICES—1.4%
|
||
217,045
|
Tietoevry OYJ (Finland)
|
5,537
|
LEISURE PRODUCTS—2.8%
|
||
284,575
|
Globeride, Inc. (Japan)
|
4,702
|
240,089
|
Spin Master Corp. (Canada)1
|
6,402
|
|
|
11,104
|
⬤
44
Harbor International Small Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MACHINERY—9.4%
|
||
210,803
|
Construcciones y Auxiliar de Ferrocarriles SA
(Spain)
|
$7,188
|
725,147
|
Husqvarna AB Class B (Sweden)
|
7,113
|
390,065
|
METAWATER Co. Ltd. (Japan)
|
5,030
|
764,473
|
Morgan Advanced Materials PLC (United Kingdom)
|
2,682
|
237,540
|
Nabtesco Corp. (Japan)
|
5,039
|
284,505
|
Norma Group SE (Germany)
|
5,020
|
374,700
|
OSG Corp. (Japan)
|
4,994
|
|
|
37,066
|
MEDIA—4.1%
|
||
811,225
|
Atresmedia Corp. de Medios de Comunicacion SA
(Spain)
|
3,363
|
200,347
|
Criteo SA ADR (France)*,2
|
6,672
|
140,652
|
RTL Group SA (Luxembourg)
|
6,075
|
|
|
16,110
|
PERSONAL CARE PRODUCTS—1.4%
|
||
634,049
|
Ontex Group NV (Belgium)*
|
5,434
|
PROFESSIONAL SERVICES—0.8%
|
||
31,508
|
Open Up Group, Inc. (Japan)
|
494
|
133,591
|
Tinexta SpA (Italy)
|
2,495
|
|
|
2,989
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.7%
|
||
567,842
|
X-FAB Silicon Foundries SE (Belgium)*,1
|
$6,882
|
SOFTWARE—2.6%
|
||
295,555
|
Computer Engineering & Consulting Ltd. (Japan)
|
3,563
|
766,526
|
TomTom NV (Netherlands)*
|
6,697
|
|
|
10,260
|
TEXTILES, APPAREL & LUXURY GOODS—1.4%
|
||
6,310,867
|
Coats Group PLC (United Kingdom)
|
5,675
|
TRADING COMPANIES & DISTRIBUTORS—1.7%
|
||
796,457
|
BOC Aviation Ltd. (China)1
|
6,676
|
WIRELESS TELECOMMUNICATION SERVICES—0.0%
|
||
3,171
|
Airtel Africa PLC (Nigeria)1
|
5
|
TOTAL COMMON STOCKS
(Cost $364,511)
|
376,460
|
|
TOTAL INVESTMENTS—95.1%
(Cost $364,511)
|
376,460
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—4.9%
|
19,400
|
|
TOTAL NET ASSETS—100%
|
$395,860
|
FAIR VALUE MEASUREMENTS
The following table summarizes the Fund’s investments as of July 31, 2023 based on the inputs used to value them.
Asset Category
|
Quoted Prices
Level 1
(000s)
|
Other Significant
Observable Inputs
Level 2
(000s)
|
Significant
Unobservable
Inputs
Level 3
(000s)
|
Total
(000s)
|
Common Stocks
|
|
|
|
|
Europe
|
$14,160
|
$210,423
|
$—
|
$224,583
|
North America
|
13,055
|
2,917
|
—
|
15,972
|
Pacific Basin
|
—
|
135,905
|
—
|
135,905
|
Total Investments in Securities
|
$27,215
|
$349,245
|
$—
|
$376,460
|
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair
Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Securities purchased in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration, normally to qualified institutional buyers. The Fund has no right to demand registration
of these securities. As of July 31, 2023, the aggregate value of these securities was $19,965 or 5% of net assets.
2
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
45
Harbor Large Cap Value Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—97.9%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—2.0%
|
||
176,000
|
General Dynamics Corp.
|
$39,350
|
AUTOMOBILE COMPONENTS—1.9%
|
||
2,307,000
|
Cie Generale des Etablissements Michelin SCA
ADR (France)1
|
37,766
|
BANKS—6.8%
|
||
400,000
|
Commerce Bancshares, Inc.
|
21,272
|
295,000
|
Cullen/Frost Bankers, Inc.
|
32,031
|
3,700,000
|
Mitsubishi UFJ Financial Group, Inc. ADR (Japan)1
|
29,859
|
257,000
|
PNC Financial Services Group, Inc.
|
35,181
|
406,396
|
U.S. Bancorp
|
16,126
|
|
|
134,469
|
BEVERAGES—4.5%
|
||
742,000
|
Coca-Cola Co.
|
45,952
|
157,000
|
Constellation Brands, Inc. Class A
|
42,830
|
|
|
88,782
|
BIOTECHNOLOGY—2.3%
|
||
193,000
|
Amgen, Inc.
|
45,191
|
CAPITAL MARKETS—5.0%
|
||
161,000
|
Ameriprise Financial, Inc.
|
56,100
|
410,000
|
Blackstone, Inc.
|
42,964
|
|
|
99,064
|
CHEMICALS—7.7%
|
||
1,165,000
|
Corteva, Inc.
|
65,741
|
226,000
|
Ecolab, Inc.
|
41,390
|
449,000
|
RPM International, Inc.
|
46,386
|
|
|
153,517
|
CONSTRUCTION MATERIALS—3.0%
|
||
135,000
|
Martin Marietta Materials, Inc.
|
60,272
|
CONSUMER FINANCE—2.4%
|
||
412,000
|
Capital One Financial Corp.
|
48,212
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—1.9%
|
||
508,000
|
Sysco Corp.
|
38,765
|
ELECTRIC UTILITIES—2.2%
|
||
688,000
|
Xcel Energy, Inc.
|
43,158
|
ENTERTAINMENT—2.2%
|
||
478,000
|
Activision Blizzard, Inc. *
|
44,339
|
GAS UTILITIES—2.5%
|
||
415,000
|
Atmos Energy Corp.
|
50,510
|
HEALTH CARE EQUIPMENT & SUPPLIES—3.9%
|
||
520,000
|
Alcon, Inc. (Switzerland)
|
44,158
|
388,000
|
Medtronic PLC
|
34,051
|
|
|
78,209
|
HOUSEHOLD DURABLES—5.6%
|
||
484,000
|
Lennar Corp. Class A
|
61,386
|
7,126
|
Lennar Corp. Class B
|
819
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HOUSEHOLD DURABLES—Continued
|
||
515,000
|
Sony Group Corp. ADR (Japan)1
|
$48,204
|
|
|
110,409
|
HOUSEHOLD PRODUCTS—2.2%
|
||
284,000
|
Procter & Gamble Co.
|
44,389
|
INDUSTRIAL CONGLOMERATES—2.2%
|
||
223,000
|
Honeywell International, Inc.
|
43,291
|
INSURANCE—1.0%
|
||
193,479
|
Cincinnati Financial Corp.
|
20,814
|
LIFE SCIENCES TOOLS & SERVICES—2.7%
|
||
212,000
|
Danaher Corp.
|
54,073
|
MACHINERY—7.2%
|
||
301,000
|
Oshkosh Corp.
|
27,713
|
166,000
|
Parker-Hannifin Corp.
|
68,062
|
418,000
|
Xylem, Inc.
|
47,129
|
|
|
142,904
|
OIL, GAS & CONSUMABLE FUELS—4.3%
|
||
1,720,000
|
Coterra Energy, Inc.
|
47,369
|
345,000
|
Phillips 66
|
38,485
|
|
|
85,854
|
PHARMACEUTICALS—2.5%
|
||
457,000
|
Merck & Co., Inc.
|
48,739
|
RESIDENTIAL REITS—1.9%
|
||
522,000
|
Equity LifeStyle Properties, Inc.
|
37,156
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.6%
|
||
670,000
|
Microchip Technology, Inc.
|
62,940
|
360,000
|
QUALCOMM, Inc.
|
47,581
|
|
|
110,521
|
SOFTWARE—12.8%
|
||
128,000
|
Adobe, Inc. *
|
69,910
|
171,000
|
ANSYS, Inc. *
|
58,499
|
206,000
|
Autodesk, Inc. *
|
43,670
|
245,000
|
Microsoft Corp.
|
82,300
|
|
|
254,379
|
SPECIALIZED REITS—1.6%
|
||
288,000
|
Crown Castle, Inc.
|
31,188
|
TOTAL COMMON STOCKS
(Cost $1,312,258)
|
1,945,321
|
|
TOTAL INVESTMENTS—97.9%
(Cost $1,312,258)
|
1,945,321
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—2.1%
|
42,666
|
|
TOTAL NET ASSETS—100%
|
$1,987,987
|
⬤
46
Harbor Large Cap Value Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
47
Harbor Mid Cap Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—93.2%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—6.2%
|
||
7,118
|
General Dynamics Corp.
|
$1,591
|
19,396
|
Hexcel Corp.
|
1,371
|
66,552
|
Spirit AeroSystems Holdings, Inc. Class A
|
2,118
|
12,792
|
Woodward, Inc.
|
1,540
|
|
|
6,620
|
BANKS—1.2%
|
||
103,873
|
KeyCorp
|
1,279
|
BUILDING PRODUCTS—2.3%
|
||
39,868
|
Masco Corp.
|
2,419
|
CAPITAL MARKETS—7.2%
|
||
17,708
|
Houlihan Lokey, Inc. Class A
|
1,768
|
17,733
|
Intercontinental Exchange, Inc.
|
2,036
|
19,641
|
Raymond James Financial, Inc.
|
2,162
|
26,562
|
Stifel Financial Corp.
|
1,688
|
|
|
7,654
|
CHEMICALS—4.6%
|
||
8,096
|
Albemarle Corp.
|
1,719
|
17,659
|
Eastman Chemical Co.
|
1,511
|
24,043
|
Scotts Miracle-Gro Co.
|
1,684
|
|
|
4,914
|
COMMERCIAL SERVICES & SUPPLIES—3.6%
|
||
19,494
|
Republic Services, Inc. Class A
|
2,946
|
21,622
|
Stericycle, Inc. *
|
918
|
|
|
3,864
|
COMMUNICATIONS EQUIPMENT—1.0%
|
||
20,252
|
Lumentum Holdings, Inc. *
|
1,060
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—1.2%
|
||
17,170
|
Sysco Corp.
|
1,310
|
CONTAINERS & PACKAGING—2.5%
|
||
8,365
|
Packaging Corp. of America
|
1,283
|
29,791
|
Sealed Air Corp.
|
1,359
|
|
|
2,642
|
ELECTRICAL EQUIPMENT—1.6%
|
||
40,797
|
Sensata Technologies Holding PLC
|
1,724
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.0%
|
||
13,233
|
Arrow Electronics, Inc. *
|
1,886
|
14,602
|
Keysight Technologies, Inc. *
|
2,352
|
|
|
4,238
|
ENERGY EQUIPMENT & SERVICES—2.2%
|
||
36,982
|
ChampionX Corp.
|
1,317
|
23,016
|
Helmerich & Payne, Inc.
|
1,030
|
|
|
2,347
|
FINANCIAL SERVICES—1.4%
|
||
13,722
|
Global Payments, Inc.
|
1,513
|
GROUND TRANSPORTATION—1.4%
|
||
46,374
|
CSX Corp.
|
1,545
|
HEALTH CARE EQUIPMENT & SUPPLIES—1.2%
|
||
31,845
|
DENTSPLY SIRONA, Inc.
|
1,322
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HEALTH CARE PROVIDERS & SERVICES—3.0%
|
||
8,928
|
AmerisourceBergen Corp.
|
$1,668
|
7,216
|
Laboratory Corp. of America Holdings
|
1,544
|
|
|
3,212
|
HOTELS, RESTAURANTS & LEISURE—2.4%
|
||
14,969
|
Darden Restaurants, Inc.
|
2,529
|
HOUSEHOLD DURABLES—2.1%
|
||
17,439
|
DR Horton, Inc.
|
2,215
|
INDUSTRIAL REITS—1.7%
|
||
56,597
|
Americold Realty Trust, Inc.
|
1,835
|
INSURANCE—5.4%
|
||
14,627
|
Progressive Corp.
|
1,843
|
13,575
|
Reinsurance Group of America, Inc.
|
1,905
|
10,699
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
1,998
|
|
|
5,746
|
IT SERVICES—1.9%
|
||
21,646
|
Akamai Technologies, Inc. *
|
2,046
|
LIFE SCIENCES TOOLS & SERVICES—3.4%
|
||
14,871
|
Agilent Technologies, Inc.
|
1,811
|
4,452
|
Bio-Rad Laboratories, Inc. Class A*
|
1,804
|
|
|
3,615
|
MACHINERY—4.6%
|
||
6,188
|
Cummins, Inc.
|
1,614
|
9,270
|
Dover Corp.
|
1,353
|
7,045
|
Snap-on, Inc.
|
1,919
|
|
|
4,886
|
MULTI-UTILITIES—1.2%
|
||
14,186
|
WEC Energy Group, Inc.
|
1,275
|
OFFICE REITS—1.1%
|
||
17,072
|
Boston Properties, Inc.
|
1,137
|
OIL, GAS & CONSUMABLE FUELS—2.7%
|
||
67,457
|
Coterra Energy, Inc.
|
1,858
|
24,190
|
Murphy Oil Corp.
|
1,046
|
|
|
2,904
|
PHARMACEUTICALS—1.2%
|
||
26,538
|
Catalent, Inc. *
|
1,288
|
PROFESSIONAL SERVICES—1.4%
|
||
8,952
|
Broadridge Financial Solutions, Inc.
|
1,503
|
REAL ESTATE MANAGEMENT & DEVELOPMENT—2.3%
|
||
29,130
|
CBRE Group, Inc. Class A*
|
2,427
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.6%
|
||
10,836
|
Applied Materials, Inc.
|
1,643
|
23,285
|
Entegris, Inc.
|
2,555
|
15,385
|
Skyworks Solutions, Inc.
|
1,759
|
|
|
5,957
|
SOFTWARE—6.5%
|
||
6,849
|
ANSYS, Inc. *
|
2,343
|
27,125
|
Black Knight, Inc. *
|
1,907
|
⬤
48
Harbor Mid Cap Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SOFTWARE—Continued
|
||
6,042
|
Synopsys, Inc. *
|
$2,730
|
|
|
6,980
|
SPECIALIZED REITS—1.4%
|
||
6,996
|
SBA Communications Corp. Class A
|
1,532
|
SPECIALTY RETAIL—0.7%
|
||
8,839
|
TJX Cos., Inc.
|
765
|
TRADING COMPANIES & DISTRIBUTORS—3.0%
|
||
39,550
|
Air Lease Corp. Class A
|
1,675
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
TRADING COMPANIES & DISTRIBUTORS—Continued
|
||
11,887
|
GATX Corp.
|
$1,490
|
|
|
3,165
|
TOTAL COMMON STOCKS
(Cost $88,859)
|
99,468
|
|
TOTAL INVESTMENTS—93.2%
(Cost $88,859)
|
99,468
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—6.8%
|
7,305
|
|
TOTAL NET ASSETS—100%
|
$106,773
|
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
49
Harbor Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—99.7%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—1.5%
|
||
3,700
|
Huntington Ingalls Industries, Inc.
|
$850
|
15,200
|
Moog, Inc. Class A
|
1,602
|
26,100
|
Textron, Inc.
|
2,030
|
|
|
4,482
|
AUTOMOBILE COMPONENTS—1.5%
|
||
137,900
|
American Axle & Manufacturing Holdings, Inc. *
|
1,303
|
36,000
|
BorgWarner, Inc.
|
1,674
|
68,900
|
Goodyear Tire & Rubber Co. *
|
1,108
|
7,200
|
Phinia, Inc. *
|
204
|
|
|
4,289
|
AUTOMOBILES—1.3%
|
||
62,200
|
Harley-Davidson, Inc.
|
2,401
|
11,400
|
Thor Industries, Inc.
|
1,317
|
|
|
3,718
|
BANKS—3.6%
|
||
83,200
|
Citizens Financial Group, Inc.
|
2,684
|
42,800
|
Fifth Third Bancorp
|
1,245
|
127,600
|
KeyCorp
|
1,571
|
147,700
|
Regions Financial Corp.
|
3,009
|
52,900
|
Zions Bancorp NA
|
2,023
|
|
|
10,532
|
BEVERAGES—1.5%
|
||
63,900
|
Molson Coors Beverage Co. Class B
|
4,458
|
BIOTECHNOLOGY—1.4%
|
||
176,100
|
Ironwood Pharmaceuticals, Inc. Class A*
|
1,953
|
8,800
|
United Therapeutics Corp. *
|
2,136
|
|
|
4,089
|
BROADLINE RETAIL—1.1%
|
||
30,000
|
eBay, Inc.
|
1,335
|
20,400
|
Kohl’s Corp.
|
581
|
82,300
|
Macy’s, Inc.
|
1,365
|
|
|
3,281
|
BUILDING PRODUCTS—1.4%
|
||
29,300
|
Owens Corning
|
4,102
|
CAPITAL MARKETS—3.5%
|
||
10,600
|
Ameriprise Financial, Inc.
|
3,693
|
60,800
|
Bank of New York Mellon Corp.
|
2,758
|
30,900
|
Jefferies Financial Group, Inc.
|
1,137
|
1,269
|
Lazard Ltd. Class A
|
44
|
34,300
|
State Street Corp.
|
2,485
|
|
|
10,117
|
CHEMICALS—3.6%
|
||
56,013
|
Chemours Co.
|
2,071
|
14,300
|
Eastman Chemical Co.
|
1,224
|
95,300
|
Huntsman Corp.
|
2,837
|
16,170
|
Ingevity Corp. *
|
1,035
|
52,300
|
Koppers Holdings, Inc.
|
2,001
|
12,600
|
LyondellBasell Industries NV Class A
|
1,246
|
|
|
10,414
|
CONSUMER FINANCE—3.3%
|
||
117,500
|
Ally Financial, Inc.
|
3,588
|
10,900
|
Discover Financial Services
|
1,151
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
CONSUMER FINANCE—Continued
|
||
166,600
|
Navient Corp.
|
$3,172
|
46,400
|
Synchrony Financial
|
1,603
|
|
|
9,514
|
CONSUMER STAPLES DISTRIBUTION & RETAIL—3.2%
|
||
14,329
|
Ingles Markets, Inc. Class A
|
1,215
|
87,900
|
Kroger Co.
|
4,276
|
71,500
|
Sprouts Farmers Market, Inc. *
|
2,806
|
31,500
|
Walgreens Boots Alliance, Inc.
|
944
|
|
|
9,241
|
CONTAINERS & PACKAGING—3.0%
|
||
33,400
|
Berry Global Group, Inc.
|
2,190
|
21,200
|
Greif, Inc. Class A
|
1,568
|
78,400
|
O-I Glass, Inc. *
|
1,800
|
37,300
|
Silgan Holdings, Inc.
|
1,636
|
45,900
|
Westrock Co.
|
1,528
|
|
|
8,722
|
DIVERSIFIED CONSUMER SERVICES—0.4%
|
||
36,800
|
H&R Block, Inc.
|
1,237
|
ELECTRIC UTILITIES—1.2%
|
||
88,600
|
NRG Energy, Inc.
|
3,366
|
ELECTRICAL EQUIPMENT—1.7%
|
||
21,800
|
Atkore, Inc. *
|
3,459
|
8,200
|
Encore Wire Corp.
|
1,400
|
|
|
4,859
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.8%
|
||
23,300
|
Arrow Electronics, Inc. *
|
3,321
|
24,200
|
Avnet, Inc.
|
1,174
|
41,300
|
Jabil, Inc.
|
4,571
|
4,500
|
Methode Electronics, Inc.
|
151
|
31,200
|
Sanmina Corp. *
|
1,917
|
10,300
|
TD SYNNEX Corp.
|
1,017
|
69,800
|
Vishay Intertechnology, Inc.
|
1,965
|
|
|
14,116
|
FINANCIAL SERVICES—3.1%
|
||
79,987
|
Banco Latinoamericano de Comercio Exterior SA
(Panama)
|
1,865
|
132,900
|
MGIC Investment Corp.
|
2,225
|
19,700
|
PennyMac Financial Services, Inc.
|
1,482
|
77,000
|
Radian Group, Inc.
|
2,074
|
117,600
|
Western Union Co.
|
1,432
|
|
|
9,078
|
FOOD PRODUCTS—2.5%
|
||
24,900
|
Archer-Daniels-Midland Co.
|
2,116
|
47,700
|
Conagra Brands, Inc.
|
1,565
|
23,800
|
Ingredion, Inc.
|
2,648
|
15,400
|
Tyson Foods, Inc. Class A
|
858
|
|
|
7,187
|
GAS UTILITIES—1.2%
|
||
40,000
|
National Fuel Gas Co.
|
2,124
|
47,700
|
UGI Corp.
|
1,288
|
|
|
3,412
|
⬤
50
Harbor Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
GROUND TRANSPORTATION—0.9%
|
||
26,268
|
Ryder System, Inc.
|
$2,683
|
HEALTH CARE PROVIDERS & SERVICES—4.3%
|
||
41,800
|
Cardinal Health, Inc.
|
3,823
|
37,400
|
Centene Corp. *
|
2,547
|
13,100
|
DaVita, Inc. *
|
1,336
|
4,800
|
Laboratory Corp. of America Holdings
|
1,027
|
6,100
|
McKesson Corp.
|
2,455
|
10,200
|
Universal Health Services, Inc. Class B
|
1,417
|
|
|
12,605
|
HEALTH CARE REITS—1.3%
|
||
114,400
|
Medical Properties Trust, Inc.
|
1,154
|
50,900
|
Omega Healthcare Investors, Inc.
|
1,624
|
80,100
|
Sabra Health Care REIT, Inc.
|
1,041
|
|
|
3,819
|
HOTEL & RESORT REITS—0.6%
|
||
137,900
|
Hersha Hospitality Trust Class A
|
863
|
102,411
|
Service Properties Trust
|
870
|
|
|
1,733
|
HOTELS, RESTAURANTS & LEISURE—0.5%
|
||
56,500
|
Bloomin' Brands, Inc.
|
1,518
|
HOUSEHOLD DURABLES—4.9%
|
||
49,557
|
Ethan Allen Interiors, Inc.
|
1,560
|
11,400
|
Meritage Homes Corp.
|
1,698
|
48,400
|
PulteGroup, Inc.
|
4,084
|
45,800
|
Toll Brothers, Inc.
|
3,679
|
23,500
|
Whirlpool Corp.
|
3,390
|
|
|
14,411
|
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.2%
|
||
123,200
|
Vistra Corp.
|
3,457
|
INSURANCE—6.5%
|
||
43,700
|
Aflac, Inc.
|
3,161
|
9,200
|
American Financial Group, Inc.
|
1,119
|
34,900
|
American International Group, Inc.
|
2,104
|
21,800
|
First American Financial Corp.
|
1,382
|
62,400
|
Hartford Financial Services Group, Inc.
|
4,485
|
35,800
|
Lincoln National Corp.
|
1,004
|
129,100
|
Old Republic International Corp.
|
3,559
|
20,900
|
Universal Insurance Holdings, Inc.
|
325
|
37,000
|
Unum Group
|
1,798
|
|
|
18,937
|
IT SERVICES—0.7%
|
||
73,300
|
DXC Technology Co. *
|
2,027
|
LEISURE PRODUCTS—0.6%
|
||
19,500
|
Brunswick Corp.
|
1,683
|
LIFE SCIENCES TOOLS & SERVICES—0.0%
|
||
4,800
|
Fortrea Holdings, Inc. *
|
153
|
MACHINERY—7.3%
|
||
32,700
|
AGCO Corp.
|
4,352
|
59,300
|
Allison Transmission Holdings, Inc.
|
3,480
|
17,600
|
Cummins, Inc.
|
4,590
|
18,300
|
Mueller Industries, Inc.
|
1,484
|
15,100
|
Snap-on, Inc.
|
4,114
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
MACHINERY—Continued
|
||
24,500
|
Timken Co.
|
$2,275
|
70,400
|
Titan International, Inc. *
|
879
|
|
|
21,174
|
MEDIA—2.2%
|
||
64,500
|
Fox Corp. Class A
|
2,158
|
15,600
|
Nexstar Media Group, Inc. Class A
|
2,913
|
78,300
|
TEGNA, Inc.
|
1,323
|
|
|
6,394
|
METALS & MINING—1.3%
|
||
13,000
|
Reliance Steel & Aluminum Co.
|
3,807
|
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITS)—0.3%
|
||
41,650
|
Annaly Capital Management, Inc.
|
837
|
OFFICE REITS—1.1%
|
||
99,400
|
Brandywine Realty Trust
|
502
|
240,078
|
Franklin Street Properties Corp.
|
403
|
52,750
|
Office Properties Income Trust
|
406
|
139,000
|
Paramount Group, Inc.
|
728
|
138,248
|
Piedmont Office Realty Trust, Inc. Class A
|
1,029
|
|
|
3,068
|
OIL, GAS & CONSUMABLE FUELS—4.2%
|
||
55,700
|
APA Corp.
|
2,255
|
33,200
|
Devon Energy Corp.
|
1,793
|
42,400
|
HF Sinclair Corp.
|
2,209
|
18,300
|
Marathon Petroleum Corp.
|
2,434
|
19,500
|
Phillips 66
|
2,175
|
10,700
|
Valero Energy Corp.
|
1,379
|
3,636
|
Vitesse Energy, Inc.
|
92
|
|
|
12,337
|
PAPER & FOREST PRODUCTS—0.3%
|
||
20,900
|
Sylvamo Corp.
|
1,026
|
PASSENGER AIRLINES—1.7%
|
||
36,000
|
Alaska Air Group, Inc. *
|
1,751
|
33,100
|
Delta Air Lines, Inc.
|
1,531
|
31,500
|
United Airlines Holdings, Inc. *
|
1,711
|
|
|
4,993
|
PHARMACEUTICALS—2.0%
|
||
26,800
|
Jazz Pharmaceuticals PLC *
|
3,495
|
13,800
|
Prestige Consumer Healthcare, Inc. *
|
900
|
142,800
|
Viatris, Inc.
|
1,504
|
|
|
5,899
|
PROFESSIONAL SERVICES—1.2%
|
||
27,500
|
ManpowerGroup, Inc.
|
2,169
|
23,800
|
SS&C Technologies Holdings, Inc.
|
1,387
|
|
|
3,556
|
RETAIL REITS—2.8%
|
||
121,600
|
Brixmor Property Group, Inc.
|
2,765
|
17,000
|
Simon Property Group, Inc.
|
2,118
|
95,800
|
SITE Centers Corp.
|
1,346
|
82,900
|
Tanger Factory Outlet Centers, Inc.
|
1,941
|
|
|
8,170
|
⬤
51
Harbor Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—2.0%
|
||
113,200
|
Amkor Technology, Inc.
|
$3,293
|
25,600
|
Diodes, Inc. *
|
2,419
|
|
|
5,712
|
SOFTWARE—0.5%
|
||
55,300
|
Dropbox, Inc. Class A*
|
1,490
|
SPECIALTY RETAIL—3.8%
|
||
20,400
|
Best Buy Co., Inc.
|
1,694
|
9,500
|
Dick’s Sporting Goods, Inc.
|
1,339
|
67,500
|
Foot Locker, Inc.
|
1,814
|
6,800
|
Group 1 Automotive, Inc.
|
1,758
|
36,200
|
ODP Corp. *
|
1,806
|
15,700
|
Penske Automotive Group, Inc.
|
2,534
|
|
|
10,945
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—2.2%
|
||
147,900
|
HP, Inc.
|
4,856
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—Continued
|
||
93,900
|
Xerox Holdings Corp.
|
$1,500
|
|
|
6,356
|
TEXTILES, APPAREL & LUXURY GOODS—0.5%
|
||
25,800
|
Capri Holdings Ltd. *
|
952
|
28,100
|
G-III Apparel Group Ltd. *
|
582
|
|
|
1,534
|
TOTAL COMMON STOCKS
(Cost $245,951)
|
290,538
|
|
TOTAL INVESTMENTS—99.7%
(Cost $245,951)
|
290,538
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—0.3%
|
841
|
|
TOTAL NET ASSETS—100%
|
$291,379
|
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
52
Harbor Small Cap Growth Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—95.5%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—1.8%
|
||
290,066
|
Hexcel Corp.
|
$20,502
|
AUTOMOBILE COMPONENTS—1.4%
|
||
103,210
|
Visteon Corp. *
|
15,904
|
BANKS—1.3%
|
||
1,043,980
|
New York Community Bancorp, Inc.
|
14,480
|
BIOTECHNOLOGY—9.5%
|
||
572,120
|
89bio, Inc. *
|
9,062
|
871,407
|
Alkermes PLC *
|
25,515
|
335,820
|
Ascendis Pharma AS ADR (Denmark)*,1
|
30,274
|
280,460
|
Cerevel Therapeutics Holdings, Inc. *
|
8,579
|
152,480
|
CRISPR Therapeutics AG (Switzerland)*
|
8,742
|
209,882
|
MoonLake Immunotherapeutics Class A*
|
12,763
|
704,525
|
Rocket Pharmaceuticals, Inc. *
|
12,717
|
|
|
107,652
|
BUILDING PRODUCTS—2.1%
|
||
222,340
|
AAON, Inc.
|
23,403
|
CAPITAL MARKETS—1.1%
|
||
437,003
|
StepStone Group, Inc. Class A
|
12,267
|
CHEMICALS—3.3%
|
||
453,860
|
Avient Corp.
|
18,395
|
601,520
|
Axalta Coating Systems Ltd. *
|
19,248
|
|
|
37,643
|
COMMERCIAL SERVICES & SUPPLIES—2.0%
|
||
282,250
|
Casella Waste Systems, Inc. Class A*
|
22,775
|
COMMUNICATIONS EQUIPMENT—2.9%
|
||
272,150
|
Calix, Inc. *
|
12,277
|
131,093
|
F5, Inc. *
|
20,744
|
|
|
33,021
|
CONSTRUCTION & ENGINEERING—1.9%
|
||
459,559
|
WillScot Mobile Mini Holdings Corp. *
|
22,036
|
ELECTRICAL EQUIPMENT—1.4%
|
||
374,800
|
Sensata Technologies Holding PLC
|
15,835
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.9%
|
||
86,400
|
Fabrinet (Taiwan)*
|
10,682
|
ENERGY EQUIPMENT & SERVICES—2.9%
|
||
337,840
|
ChampionX Corp.
|
12,027
|
1,719,840
|
NexTier Oilfield Solutions, Inc. *
|
20,501
|
|
|
32,528
|
FINANCIAL SERVICES—5.5%
|
||
728,388
|
Flywire Corp. *
|
24,867
|
331,490
|
Shift4 Payments, Inc. Class A*
|
22,869
|
76,681
|
WEX, Inc. *
|
14,520
|
|
|
62,256
|
GROUND TRANSPORTATION—2.3%
|
||
62,610
|
Saia, Inc. *
|
26,493
|
HEALTH CARE EQUIPMENT & SUPPLIES—6.1%
|
||
243,610
|
Haemonetics Corp. *
|
22,471
|
97,830
|
Inspire Medical Systems, Inc. *
|
28,156
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HEALTH CARE EQUIPMENT & SUPPLIES—Continued
|
||
214,580
|
Lantheus Holdings, Inc. *
|
$18,559
|
|
|
69,186
|
HEALTH CARE PROVIDERS & SERVICES—2.7%
|
||
893,837
|
Option Care Health, Inc. *
|
30,194
|
HEALTH CARE TECHNOLOGY—1.2%
|
||
1,057,040
|
Veradigm, Inc. *
|
14,291
|
HOTELS, RESTAURANTS & LEISURE—6.8%
|
||
142,532
|
Churchill Downs, Inc.
|
16,512
|
242,930
|
Planet Fitness, Inc. Class A*
|
16,408
|
202,790
|
Texas Roadhouse, Inc. Class A
|
22,621
|
128,180
|
Wingstop, Inc.
|
21,609
|
|
|
77,150
|
HOUSEHOLD DURABLES—3.7%
|
||
179,533
|
M/I Homes, Inc. *
|
17,953
|
163,017
|
Meritage Homes Corp.
|
24,282
|
|
|
42,235
|
INDUSTRIAL REITS—1.0%
|
||
304,320
|
STAG Industrial, Inc.
|
11,047
|
INSURANCE—4.5%
|
||
60,184
|
Kinsale Capital Group, Inc.
|
22,426
|
170,744
|
Palomar Holdings, Inc. *
|
10,340
|
85,400
|
Primerica, Inc.
|
18,165
|
|
|
50,931
|
LEISURE PRODUCTS—1.6%
|
||
194,303
|
BRP, Inc.
|
17,915
|
LIFE SCIENCES TOOLS & SERVICES—2.6%
|
||
226,250
|
Azenta, Inc. *
|
10,629
|
48,026
|
Bio-Rad Laboratories, Inc. Class A*
|
19,468
|
|
|
30,097
|
MACHINERY—4.2%
|
||
287,164
|
ITT, Inc.
|
28,601
|
98,410
|
Lincoln Electric Holdings, Inc.
|
19,752
|
|
|
48,353
|
OIL, GAS & CONSUMABLE FUELS—2.3%
|
||
679,940
|
Northern Oil & Gas, Inc.
|
26,769
|
PHARMACEUTICALS—1.2%
|
||
977,826
|
Innoviva, Inc. *
|
13,249
|
PROFESSIONAL SERVICES—1.6%
|
||
263,748
|
WNS Holdings Ltd. ADR (India)*,1
|
18,228
|
RETAIL REITS—1.7%
|
||
474,100
|
Spirit Realty Capital, Inc.
|
19,120
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.2%
|
||
132,670
|
Impinj, Inc. *
|
8,838
|
190,790
|
Kulicke & Soffa Industries, Inc. (Singapore)
|
11,425
|
107,350
|
Universal Display Corp.
|
15,660
|
|
|
35,923
|
SOFTWARE—9.7%
|
||
543,109
|
Box, Inc. Class A*
|
16,972
|
⬤
53
Harbor Small Cap Growth Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
SOFTWARE—Continued
|
||
344,324
|
Domo, Inc. Class B*
|
$6,153
|
266,630
|
Dynatrace, Inc. *
|
14,582
|
583,269
|
Samsara, Inc. Class A*
|
16,297
|
819,790
|
SentinelOne, Inc. Class A*
|
13,666
|
644,890
|
Smartsheet, Inc. Class A*
|
28,633
|
280,250
|
Tenable Holdings, Inc. *
|
13,637
|
|
|
109,940
|
SPECIALTY RETAIL—0.6%
|
||
309,495
|
National Vision Holdings, Inc. *
|
6,694
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.5%
|
||
16,640
|
Super Micro Computer, Inc. *
|
$5,496
|
TOTAL COMMON STOCKS
(Cost $940,720)
|
1,084,295
|
|
TOTAL INVESTMENTS—95.5%
(Cost $940,720)
|
1,084,295
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—4.5%
|
50,652
|
|
TOTAL NET ASSETS—100%
|
$1,134,947
|
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
1
Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific
depositary receipts are certificates evidencing ownership of shares of a foreign issuer. These certificates are issued by depositary
banks and generally trade on an established market in the U.S. or elsewhere.
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
54
Harbor Small Cap Value Fund
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
PORTFOLIO OF INVESTMENTS—July 31, 2023 (Unaudited)
Value and Cost in Thousands
COMMON STOCKS—97.5%
|
||
Shares
|
|
Value
|
AEROSPACE & DEFENSE—8.8%
|
||
825,522
|
AAR Corp. *
|
$49,366
|
805,568
|
Hexcel Corp.
|
56,937
|
420,172
|
Moog, Inc. Class A
|
44,303
|
1,071,810
|
Parsons Corp. *
|
52,969
|
|
|
203,575
|
BANKS—10.9%
|
||
837,494
|
Enterprise Financial Services Corp.
|
34,337
|
1,148,205
|
First Merchants Corp.
|
36,880
|
827,232
|
Heartland Financial USA, Inc.
|
28,407
|
616,861
|
SouthState Corp.
|
47,912
|
1,475,448
|
Trustmark Corp.
|
38,745
|
854,597
|
United Bankshares, Inc.
|
28,578
|
1,325,509
|
United Community Banks, Inc.
|
38,533
|
|
|
253,392
|
CAPITAL MARKETS—4.4%
|
||
694,966
|
Houlihan Lokey, Inc. Class A
|
69,392
|
511,390
|
Stifel Financial Corp.
|
32,494
|
|
|
101,886
|
CHEMICALS—3.7%
|
||
592,346
|
Cabot Corp.
|
42,057
|
620,282
|
Scotts Miracle-Gro Co.
|
43,444
|
|
|
85,501
|
COMMERCIAL SERVICES & SUPPLIES—3.1%
|
||
891,084
|
Casella Waste Systems, Inc. Class A*
|
71,902
|
CONSUMER FINANCE—1.8%
|
||
435,565
|
FirstCash Holdings, Inc.
|
41,501
|
ELECTRICAL EQUIPMENT—2.0%
|
||
438,416
|
EnerSys
|
47,489
|
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—8.0%
|
||
358,030
|
Advanced Energy Industries, Inc.
|
44,818
|
742,855
|
CTS Corp.
|
33,154
|
168,753
|
Littelfuse, Inc.
|
51,402
|
674,442
|
Methode Electronics, Inc.
|
22,688
|
338,647
|
Plexus Corp. *
|
33,353
|
|
|
185,415
|
ENERGY EQUIPMENT & SERVICES—6.1%
|
||
1,526,758
|
Archrock, Inc.
|
17,802
|
1,277,620
|
Core Laboratories, Inc.
|
33,205
|
453,239
|
DMC Global, Inc. *
|
8,548
|
844,905
|
Helmerich & Payne, Inc.
|
37,827
|
1,932,108
|
Oceaneering International, Inc. *
|
43,376
|
|
|
140,758
|
FOOD PRODUCTS—2.5%
|
||
839,204
|
Darling Ingredients, Inc. *
|
58,115
|
GROUND TRANSPORTATION—1.3%
|
||
295,888
|
Ryder System, Inc.
|
30,225
|
HEALTH CARE EQUIPMENT & SUPPLIES—4.5%
|
||
467,492
|
CONMED Corp.
|
56,590
|
518,802
|
Integer Holdings Corp. *
|
47,979
|
|
|
104,569
|
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
HEALTH CARE PROVIDERS & SERVICES—1.3%
|
||
2,133,357
|
Pediatrix Medical Group, Inc. *
|
$29,291
|
HOTEL & RESORT REITS—1.0%
|
||
1,480,009
|
Pebblebrook Hotel Trust
|
22,866
|
HOTELS, RESTAURANTS & LEISURE—4.3%
|
||
1,205,216
|
Cheesecake Factory, Inc.
|
44,328
|
381,975
|
Cracker Barrel Old Country Store, Inc.
|
35,600
|
5,090,524
|
Sabre Corp. *
|
20,871
|
|
|
100,799
|
HOUSEHOLD DURABLES—3.3%
|
||
256,551
|
Helen of Troy Ltd. *
|
36,250
|
274,224
|
Meritage Homes Corp.
|
40,846
|
|
|
77,096
|
INDUSTRIAL REITS—1.8%
|
||
1,163,598
|
STAG Industrial, Inc.
|
42,239
|
INSURANCE—3.2%
|
||
537,615
|
Horace Mann Educators Corp.
|
16,198
|
335,796
|
Reinsurance Group of America, Inc.
|
47,129
|
452,099
|
United Fire Group, Inc.
|
10,869
|
|
|
74,196
|
MACHINERY—10.3%
|
||
453,239
|
Albany International Corp. Class A
|
43,638
|
1,275,909
|
Flowserve Corp.
|
48,178
|
663,040
|
Franklin Electric Co., Inc.
|
65,522
|
525,073
|
SPX Technologies, Inc. *
|
44,426
|
397,368
|
Timken Co.
|
36,900
|
|
|
238,664
|
OFFICE REITS—1.3%
|
||
1,127,110
|
Corporate Office Properties Trust
|
29,305
|
PROFESSIONAL SERVICES—1.0%
|
||
221,774
|
TriNet Group, Inc. *
|
23,337
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—6.6%
|
||
1,040,454
|
Amkor Technology, Inc.
|
30,267
|
412,191
|
Diodes, Inc. *
|
38,948
|
268,523
|
Entegris, Inc.
|
29,459
|
1,460,626
|
FormFactor, Inc. *
|
54,277
|
|
|
152,951
|
SOFTWARE—3.5%
|
||
1,330,640
|
Box, Inc. Class A*
|
41,583
|
643,086
|
Envestnet, Inc. *
|
39,858
|
|
|
81,441
|
TEXTILES, APPAREL & LUXURY GOODS—0.8%
|
||
1,430,980
|
Wolverine World Wide, Inc.
|
18,130
|
⬤
55
Harbor Small Cap Value Fund
PORTFOLIO OF INVESTMENTS—Continued
PORTFOLIO OF INVESTMENTS—Continued
Value and Cost in Thousands
COMMON STOCKS—Continued
|
||
Shares
|
|
Value
|
TRADING COMPANIES & DISTRIBUTORS—2.0%
|
||
370,003
|
GATX Corp.
|
$46,384
|
TOTAL COMMON STOCKS
(Cost $1,623,341)
|
2,261,027
|
|
TOTAL INVESTMENTS—97.5%
(Cost $1,623,341)
|
2,261,027
|
|
CASH AND OTHER ASSETS, LESS LIABILITIES—2.5%
|
58,147
|
|
TOTAL NET ASSETS—100%
|
$2,319,174
|
FAIR VALUE MEASUREMENTS
All investments as of July 31, 2023 (as disclosed in the preceding Portfolio of Investments) were classified as Level 1.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
For more information on valuation inputs and their aggregation into the levels identified above, please refer to the Fair Value Measurements and Disclosures in Note 2 of the accompanying Notes to Portfolios of Investments.
*
Non-income producing security
The accompanying notes are an integral part of the Portfolios of Investments.
⬤
56
Harbor Funds
Notes to Portfolios of Investments—July 31, 2023 (Unaudited)
Notes to Portfolios of Investments—July 31, 2023 (Unaudited)
NOTE 1—ORGANIZATIONAL MATTERS
Harbor Funds (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as an open-end management investment company. As of July 31, 2023, the Trust consists of the following separate portfolios (individually or collectively referred to as a “Fund” or the “Funds,” respectively). Harbor Capital Advisors, Inc. (the “Adviser” or “Harbor Capital”) is the investment adviser for the Funds.
Harbor Capital Appreciation Fund
|
Harbor Convertible Securities Fund
|
Harbor Core Bond Fund
|
Harbor Core Plus Fund
|
Harbor Disruptive Innovation Fund
|
Harbor Diversified International All Cap Fund
|
Harbor Global Leaders Fund
|
Harbor International Fund
|
Harbor International Core Fund
|
Harbor International Growth Fund
|
Harbor International Small Cap Fund
|
Harbor Large Cap Value Fund
|
Harbor Mid Cap Fund
|
Harbor Mid Cap Value Fund
|
Harbor Small Cap Growth Fund
|
Harbor Small Cap Value Fund
|
NOTE 2—SIGNIFICANT ACCOUNTING POLICIES
Security Valuation
Investments are valued pursuant to valuation procedures approved by the Board of Trustees. The valuation procedures permit
the Adviser to use a variety of valuation methodologies, consider a number of subjective factors, analyze applicable facts
and circumstances and, in general, exercise judgment, when valuing Fund investments. The methodology used for a specific type
of investment may vary based on the circumstances and relevant considerations, including available market data.
Equity securities (including common stock, preferred stock, and convertible preferred stock), exchange-traded funds and financial
derivative instruments (such as rights and warrants) that are traded on a national securities exchange or system (except securities
listed on the National Association of Securities Dealers Automated Quotation (“NASDAQ”) system and United Kingdom securities) are valued at the last sale price on a national exchange or system on which they are principally traded as of
the valuation date. Securities listed on the NASDAQ system or a United Kingdom exchange are valued at the official closing price
of those securities. In the case of securities for which there are no sales on the valuation day, (i) securities traded principally
on a U.S. exchange, including NASDAQ, are valued at the mean (or average) of the closing bid and ask price; and (ii) securities
traded principally on a foreign exchange, including United Kingdom securities, are valued at the official bid price determined
as of the close of the primary exchange. Shares of open-end registered investment companies that are held by a Fund are valued at net asset value. To the extent these securities are actively traded and fair valuation adjustments are not applied,
they are normally categorized as Level 1 in the fair value hierarchy. Equity securities traded on inactive markets or valued by
reference to similar instruments are normally categorized as Level 2 in the fair value hierarchy. For more information on the fair value
hierarchy, please refer to the Fair Value Measurements and Disclosures section.
Debt securities (including corporate bonds, municipal bonds and notes, U.S. government agencies, U.S. treasury obligations,
mortgage-backed and asset-backed securities, foreign government obligations and convertible securities, other than short-term
securities, with a remaining maturity of less than 60 days at the time of acquisition) are valued using evaluated prices furnished
by a pricing vendor. An evaluated price represents an assessment by the pricing vendor using various market inputs of what
the pricing vendor believes is the fair value of a security at a particular point in time. The pricing vendor determines evaluated
prices for debt securities that would be transacted at institutional-size quantities using inputs including, but not limited
to, (i) recent transaction prices and dealer quotes, (ii) transaction prices for what the pricing vendor believes are securities
with similar characteristics, (iii) the pricing vendor’s assessment of the risk inherent in the security taking into account criteria such as credit quality, payment history, liquidity and market conditions, and (iv) various correlations and relationships between
security price movements and other factors, such as interest rate changes, which are recognized by institutional traders.
In the case of asset-backed and mortgage-backed securities, the inputs used by the pricing vendor may also include information
about cash flows, prepayment rates, default rates, delinquency and loss assumption, collateral characteristics, credit enhancements
and other specific information about the particular offering. Because many debt securities trade infrequently, the pricing
vendor will often not have current transaction price information available as an input in determining an evaluated price for a particular
security. When current transaction price information is available, it is one input into the pricing vendor’s evaluation process, which means that the evaluated price supplied by the pricing vendor will frequently differ from that transaction price. Securities
that use similar valuation techniques and inputs as described above are normally categorized as Level 2 in the fair value
hierarchy.
⬤
57
Harbor Funds
Notes to Portfolios of Investments—Continued
Notes to Portfolios of Investments—Continued
NOTE 2—SIGNIFICANT ACCOUNTING POLICIES—Continued
Short-term securities with a remaining maturity of less than 60 days at the time of acquisition that are held by a Fund are
valued at amortized cost to the extent amortized cost represents fair value. Such securities are normally categorized as Level
2 in the fair value hierarchy.
When reliable market quotations or evaluated prices supplied by a pricing vendor are not readily available or are not believed
to accurately reflect fair value, securities fair value determinations are made by the Adviser as designated by the Board
of Trustees pursuant to the Investment Company Act. Fair value determinations for investments which incorporate significant unobservable inputs are normally categorized as Level 3 in the fair value hierarchy.
Fair Value Measurements and Disclosures
Various inputs may be used to determine the value of each Fund’s investments, which are summarized in three broad categories defined as Level 1, Level 2, and Level 3. The inputs or methodologies used for valuing investments are not necessarily indicative
of the risk associated with investing in those investments. The assignment of an investment to Levels 1, 2, or 3 is based
on the lowest level of significant inputs used to determine its fair value.
Level 1–Quoted prices in active markets for identical securities.
Level 2–Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3–Significant unobservable inputs are used in situations where quoted prices or other observable inputs are not available or are deemed unreliable. Significant unobservable inputs may include each Fund’s own assumptions.
The categorization of investments into Levels 1, 2, or 3, and a summary of significant unobservable inputs used for Level
3 investments, when applicable, can be found at the end of each Fund’s Portfolio of Investments schedule.
Each Fund used observable inputs in its valuation methodologies whenever they were available and deemed reliable.
Securities Transactions
Securities transactions are accounted for on the trade date (the date the order to buy or sell is executed).
NOTE 3—SUBSEQUENT EVENTS
At the meeting of the Board of Trustees voted to liquidate and dissolve Harbor Global Leaders Fund. The liquidation of the
Fund occurred on August 23, 2023. Additional information related to the liquidation can be found in the supplement to the
Fund’s prospectus and statement of additional information as filed with the SEC on May 25, 2023.
Please refer to the most recent annual or semi-annual reports on the Harbor Capital’s website at harborcapital.com for more information regarding each Fund’s significant accounting policies, investments, and related transactions.
⬤
58