# EDGAR Filing Document

**Accession Number:** 0000793769
**File Stem:** 0001752724-23-075633
**Filing Date:** 2023-3
**Character Count:** 709489
**Document Hash:** b612a48b09d09f55e69bf11800314bec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075633.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 7

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HARBOR FUNDS
- **CENTRAL INDEX KEY:** 0000793769
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04676
- **FILM NUMBER:** 23784862

**BUSINESS ADDRESS:**
- **STREET 1:** 111 SOUTH WACKER DRIVE
- **STREET 2:** 34TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-443-4400

**MAIL ADDRESS:**
- **STREET 1:** 111 SOUTH WACKER DRIVE
- **STREET 2:** 34TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARBOR FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARBOR GROWTH FUND
- **DATE OF NAME CHANGE:** 19871229

## Series and Classes Contracts Data

### Harbor Core Plus Fund (Series ID: S000000682)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000001976 | Institutional Class  | HABDX           |
| C000001977 | Administrative Class | HRBDX           |
| C000200770 | Retirement Class     | HBFRX           |

## Nport-Ex

![](img23d202fe1.jpg)

**Quarterly Portfolios of Investments**

**Harbor Funds**

January 31, 2023

Harbor Capital Appreciation Fund<br> Harbor Convertible Securities Fund<br> Harbor Core Bond Fund<br> Harbor Core Plus Fund <br> Harbor Disruptive Innovation Fund<br> Harbor Diversified International All Cap Fund<br> Harbor Global Leaders Fund<br> Harbor High-Yield Bond Fund<br> Harbor International Fund<br> Harbor International Growth Fund<br> Harbor International Small Cap Fund<br> Harbor Large Cap Value Fund<br> Harbor Mid Cap Fund<br> Harbor Mid Cap Value Fund<br> Harbor Overseas Fund (currently, Harbor International Core Fund) <br> Harbor Small Cap Growth Fund<br> Harbor Small Cap Value Fund<br>

![(Harbor Funds Lighthouse Logo)](img0146b9232.jpg)

------

**Table of Contents**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Portfolios of Investments](#xx_9752787f-0c1a-4127-a926-6e1ba2a3607d_1)** <br>|  |
| [Harbor Capital Appreciation Fund](#xx_9752787f-0c1a-4127-a926-6e1ba2a3607d_1) | 1  |
| [Harbor Convertible Securities Fund](#xx_dec7d80e-45e0-4547-86f0-bc15367c5703_1) | 4  |
| [Harbor Core Bond Fund](#xx_f58128b8-bad1-457f-87de-cd5770b89ab7_1) | 7  |
| [Harbor Core Plus Fund](#xx_6e35b2ba-37be-4048-b0b3-210282e23ae7_1) | 13  |
| [Harbor Disruptive Innovation Fund](#xx_d8b8d9de-6d1f-4194-b632-abe01464da44_1) | 20  |
| [Harbor Diversified International All Cap Fund](#xx_5302aeb9-cb2b-4e17-968e-3bd614526cfc_1) | 22  |
| [Harbor Global Leaders Fund](#xx_162a1bb2-94ae-4cb9-92b0-fe4e9d5af337_1) | 28  |
| [Harbor High-Yield Bond Fund](#xx_161b9af6-10f7-4fc5-9eee-a8ba806bbd57_1) | 30  |
| [Harbor International Fund](#xx_fc7260b5-ef50-4999-8fcf-88ecdd58086f_1) | 37  |
| [Harbor International Growth Fund](#xx_1df34339-b22c-4585-b66e-9ef833604066_1) | 43  |
| [Harbor International Small Cap Fund](#xx_3d507190-6a5c-43ad-8a0d-2e451462ee15_1) | 46  |
| [Harbor Large Cap Value Fund](#xx_7a87d669-b2c4-4010-aa86-0162070b6342_1) | 48  |
| [Harbor Mid Cap Fund](#xx_0a748851-f8bb-4800-83eb-81f16dc1cde7_1) | 50  |
| [Harbor Mid Cap Value Fund](#xx_11b55ba8-0a64-43e3-bfd3-4b8915987c45_1) | 52  |
| [Harbor Overseas Fund (currently, Harbor International Core Fund)](#xx_26ec4aaa-f486-4bf1-9ad7-16e21ea904bf_1) | 55  |
| [Harbor Small Cap Growth Fund](#xx_44a02c0a-8d5b-47d3-b129-59f2be3bb705_1) | 63  |
| [Harbor Small Cap Value Fund](#xx_41ce294a-a399-4323-bf69-4a871e7cd097_1) | 65  |
| **[Notes to Portfolios of Investments](#xx_84232b58-9b33-40a0-b598-6407280b2ad9_1)** | 67 |

---

------

**Harbor Capital Appreciation Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—98.7%** | **COMMON STOCKS—98.7%** | **COMMON STOCKS—98.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—0.6%** | **AEROSPACE & DEFENSE—0.6%** | **AEROSPACE & DEFENSE—0.6%** |
| 288529 | Northrop Grumman Corp. | $129272 |
| **AUTOMOBILES—3.7%** | **AUTOMOBILES—3.7%** | **AUTOMOBILES—3.7%** |
| 4660857 | Tesla Inc.<sup>\*</sup> | 807354 |
| **BIOTECHNOLOGY—1.6%** | **BIOTECHNOLOGY—1.6%** | **BIOTECHNOLOGY—1.6%** |
| 1064629 | Vertex Pharmaceuticals Inc.<sup>\*</sup> | 343982 |
| **CAPITAL MARKETS—3.1%** | **CAPITAL MARKETS—3.1%** | **CAPITAL MARKETS—3.1%** |
| 672582 | Goldman Sachs Group Inc. | 246037 |
| 337791 | Moody's Corp. | 109022 |
| 897720 | S&P Global Inc. | 336591 |
|  |  | 691650 |
| **ENERGY EQUIPMENT & SERVICES—2.0%** | **ENERGY EQUIPMENT & SERVICES—2.0%** | **ENERGY EQUIPMENT & SERVICES—2.0%** |
| 7833698 | Schlumberger Ltd. | 446364 |
| **ENTERTAINMENT—2.2%** | **ENTERTAINMENT—2.2%** | **ENTERTAINMENT—2.2%** |
| 1154892 | Netflix Inc.<sup>\*</sup> | 408670 |
| 2099637 | Roblox Corp.<sup>\*</sup> | 78128 |
|  |  | 486798 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.6%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.6%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.6%** |
| 1552655 | American Tower Corp. | 346848 |
| **FOOD & STAPLES RETAILING—2.4%** | **FOOD & STAPLES RETAILING—2.4%** | **FOOD & STAPLES RETAILING—2.4%** |
| 1028882 | Costco Wholesale Corp. | 525903 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** |
| 1081733 | Abbott Laboratories | 119586 |
| 1782184 | Dexcom Inc.<sup>\*</sup> | 190854 |
| 899403 | Intuitive Surgical Inc.<sup>\*</sup> | 220974 |
|  |  | 531414 |
| **HEALTH CARE PROVIDERS & SERVICES—2.3%** | **HEALTH CARE PROVIDERS & SERVICES—2.3%** | **HEALTH CARE PROVIDERS & SERVICES—2.3%** |
| 997340 | UnitedHealth Group Inc. | 497862 |
| **HOTELS, RESTAURANTS & LEISURE—2.9%** | **HOTELS, RESTAURANTS & LEISURE—2.9%** | **HOTELS, RESTAURANTS & LEISURE—2.9%** |
| 1760775 | Airbnb Inc.<sup>\*</sup> | 195640 |
| 81109 | Chipotle Mexican Grill Inc.<sup>\*</sup> | 133536 |
| 1724714 | Marriott International Inc. | 300411 |
|  |  | 629587 |
| **INTERACTIVE MEDIA & SERVICES—6.1%** | **INTERACTIVE MEDIA & SERVICES—6.1%** | **INTERACTIVE MEDIA & SERVICES—6.1%** |
| 6276664 | Alphabet Inc. Class A<sup>\*</sup> | 620385 |
| 6130472 | Alphabet Inc. Class C<sup>\*</sup> | 612250 |
| 749645 | Meta Platforms Inc.<sup>\*</sup> | 111675 |
|  |  | 1344310 |
| **INTERNET & DIRECT MARKETING RETAIL—7.5%** | **INTERNET & DIRECT MARKETING RETAIL—7.5%** | **INTERNET & DIRECT MARKETING RETAIL—7.5%** |
| 11935170 | Amazon.com Inc.<sup>\*</sup> | 1230874 |
| 357093 | MercadoLibre Inc. (Argentina)<sup>\*</sup> | 421973 |
|  |  | 1652847 |
| **IT SERVICES—9.5%** | **IT SERVICES—9.5%** | **IT SERVICES—9.5%** |
| 183880 | Adyen NV (Netherlands)<sup>\*,1</sup> | 278010 |
| 1834042 | Mastercard Inc. Class A | 679696 |
| 1668398 | Snowflake Inc.<sup>\*</sup> | 261004 |
| 3754955 | Visa Inc. | 864428 |
|  |  | 2083138 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **LIFE SCIENCES TOOLS & SERVICES—2.4%** | **LIFE SCIENCES TOOLS & SERVICES—2.4%** | **LIFE SCIENCES TOOLS & SERVICES—2.4%** |
| 1246678 | Danaher Corp. | $329597 |
| 348533 | Thermo Fisher Scientific Inc. | 198779 |
|  |  | 528376 |
| **MEDIA—0.5%** | **MEDIA—0.5%** | **MEDIA—0.5%** |
| 2287056 | Trade Desk Inc.<sup>\*</sup> | 115954 |
| **PERSONAL PRODUCTS—2.2%** | **PERSONAL PRODUCTS—2.2%** | **PERSONAL PRODUCTS—2.2%** |
| 1145847 | Estée Lauder Companies Inc. | 317491 |
| 429592 | L'Oreal SA (France) | 177384 |
|  |  | 494875 |
| **PHARMACEUTICALS—5.9%** | **PHARMACEUTICALS—5.9%** | **PHARMACEUTICALS—5.9%** |
| 3272880 | AstraZeneca plc ADR (United Kingdom)<sup>2</sup> | 213948 |
| 1887171 | Eli Lilly & Co. | 649470 |
| 3111655 | Novo Nordisk AS ADR (Denmark)<sup>2</sup> | 431836 |
|  |  | 1295254 |
| **ROAD & RAIL—1.7%** | **ROAD & RAIL—1.7%** | **ROAD & RAIL—1.7%** |
| 12470262 | Uber Technologies Inc.<sup>\*</sup> | 385705 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—9.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—9.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—9.1%** |
| 923221 | Advanced Micro Devices Inc.<sup>\*</sup> | 69380 |
| 511047 | &nbsp;&nbsp;&nbsp; ASML Holding NV New York Registry Shares <br> (Netherlands)<br>| 337720 |
| 765131 | Broadcom Inc. | 447609 |
| 5918911 | NVIDIA Corp. | 1156378 |
|  |  | 2011087 |
| **SOFTWARE—10.9%** | **SOFTWARE—10.9%** | **SOFTWARE—10.9%** |
| 946812 | Adobe Inc.<sup>\*</sup> | 350642 |
| 1261840 | Atlassian Corp. plc<sup>\*</sup> | 203938 |
| 589461 | Cadence Design Systems Inc.<sup>\*</sup> | 107771 |
| 1288581 | CrowdStrike Holdings Inc.<sup>\*</sup> | 136461 |
| 5347640 | Microsoft Corp. | 1325199 |
| 1590151 | salesforce.com Inc.<sup>\*</sup> | 267098 |
|  |  | 2391109 |
| **SPECIALTY RETAIL—4.4%** | **SPECIALTY RETAIL—4.4%** | **SPECIALTY RETAIL—4.4%** |
| 904996 | Home Depot Inc. | 293372 |
| 309501 | O'Reilly Automotive Inc.<sup>\*</sup> | 245233 |
| 4046185 | TJX Companies Inc. | 331221 |
| 177981 | Ulta Salon Cosmetics & Fragrance Inc.<sup>\*</sup> | 91475 |
|  |  | 961301 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—6.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—6.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—6.4%** |
| 9757514 | Apple Inc. | 1407912 |
| **TEXTILES, APPAREL & LUXURY GOODS—5.9%** | **TEXTILES, APPAREL & LUXURY GOODS—5.9%** | **TEXTILES, APPAREL & LUXURY GOODS—5.9%** |
| 1064059 | Lululemon Athletica Inc.<sup>\*</sup> | 326538 |
| 835409 | LVMH Moet Hennessy Louis Vuitton SE (France) | 729292 |
| 1960699 | NIKE Inc. | 249656 |
|  |  | 1305486 |
| **WIRELESS TELECOMMUNICATION SERVICES—1.4%** | **WIRELESS TELECOMMUNICATION SERVICES—1.4%** | **WIRELESS TELECOMMUNICATION SERVICES—1.4%** |
| 2000566 | T-Mobile US Inc.<sup>\*</sup> | 298704 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $13,794,979) | &nbsp;&nbsp;&nbsp; (Cost $13,794,979) | 21713092 |

---

------

**Harbor Capital Appreciation Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **PREFERRED STOCKS—0.7%** | **PREFERRED STOCKS—0.7%** | **PREFERRED STOCKS—0.7%** |
| &nbsp;&nbsp;&nbsp; (Cost $109,123)  | &nbsp;&nbsp;&nbsp; (Cost $109,123)  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AUTOMOBILES—0.7%** | **AUTOMOBILES—0.7%** | **AUTOMOBILES—0.7%** |
| 1349486 | Dr. Ing. h.c. F. Porsche AG (Germany)<sup>\*</sup> | $160452 |
| **TOTAL INVESTMENTS—99.4%** | **TOTAL INVESTMENTS—99.4%** | **TOTAL INVESTMENTS—99.4%** |
| &nbsp;&nbsp;&nbsp; (Cost $13,904,102) | &nbsp;&nbsp;&nbsp; (Cost $13,904,102) | 21873544 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—0.6%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—0.6%** | 123985 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $21997529 |

---

------

**Harbor Capital Appreciation Fund** <br>**Portfolio of Investments—Continued**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

As of January 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 | 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $278,010 or 1% of net assets.<br>|
| 2 | Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific depositary receipts are certificates <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Convertible Securities Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—94.2%** | **CONVERTIBLE BONDS—94.2%** | **CONVERTIBLE BONDS—94.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **AEROSPACE & DEFENSE—1.9%** | **AEROSPACE & DEFENSE—1.9%** | **AEROSPACE & DEFENSE—1.9%** |
|  | Axon Enterprise Inc. <br>|  |
| $474 | &nbsp;&nbsp;&nbsp; 0.500%—12/15/2027 | $512 |
|  | Parsons Corp. <br>|  |
| 748 | &nbsp;&nbsp;&nbsp; 0.250%—08/15/2025 | 822 |
|  |  | 1334 |
| **AIRLINES—3.1%** | **AIRLINES—3.1%** | **AIRLINES—3.1%** |
|  | Jetblue Airways Corp. <br>|  |
| 662 | &nbsp;&nbsp;&nbsp; 0.500%—04/01/2026 | 527 |
|  | Southwest Airlines Co. <br>|  |
| 659 | &nbsp;&nbsp;&nbsp; 1.250%—05/01/2025 | 792 |
|  | Spirit Airlines Inc. <br>|  |
| 1084 | &nbsp;&nbsp;&nbsp; 1.000%—05/15/2026 | 893 |
|  |  | 2212 |
| **AUTO COMPONENTS—2.1%** | **AUTO COMPONENTS—2.1%** | **AUTO COMPONENTS—2.1%** |
|  | LCI Industries <br>|  |
| 964 | &nbsp;&nbsp;&nbsp; 1.125%—05/15/2026 | 878 |
|  | Patrick Industries Inc. <br>|  |
| 675 | &nbsp;&nbsp;&nbsp; 1.750%—12/01/2028 | 611 |
|  |  | 1489 |
| **AUTOMOBILES—2.5%** | **AUTOMOBILES—2.5%** | **AUTOMOBILES—2.5%** |
|  | Ford Motor Co. <br>|  |
| 935 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2026<sup>1</sup> | 954 |
|  | Winnebago Industries Inc. <br>|  |
| 709 | &nbsp;&nbsp;&nbsp; 1.500%—04/01/2025 | 833 |
|  |  | 1787 |
| **BIOTECHNOLOGY—8.3%** | **BIOTECHNOLOGY—8.3%** | **BIOTECHNOLOGY—8.3%** |
|  | Alnylam Pharmaceuticals Inc. <br>|  |
| 692 | &nbsp;&nbsp;&nbsp; 1.000%—09/15/2027<sup>2</sup> | 742 |
|  | BioMarin Pharmaceutical Inc. <br>|  |
| 1300 | &nbsp;&nbsp;&nbsp; 0.599%—08/01/2024 | 1437 |
|  | Coherus Biosciences Inc. <br>|  |
| 806 | &nbsp;&nbsp;&nbsp; 1.500%—04/15/2026 | 599 |
|  | Exact Sciences Corp. <br>|  |
| 859 | &nbsp;&nbsp;&nbsp; 0.375%—03/15/2027 | 814 |
| 420 | &nbsp;&nbsp;&nbsp; 1.000%—01/15/2025 | 496 |
|  |  | 1310 |
|  | Halozyme Therapeutics Inc. <br>|  |
| 479 | &nbsp;&nbsp;&nbsp; 0.250%—03/01/2027 | 451 |
| 124 | &nbsp;&nbsp;&nbsp; 1.000%—08/15/2028<sup>2</sup> | 138 |
|  |  | 589 |
|  | Ironwood Pharmaceuticals Inc. <br>|  |
| 937 | &nbsp;&nbsp;&nbsp; 0.750%—06/15/2024 | 980 |
| 246 | &nbsp;&nbsp;&nbsp; 1.500%—06/15/2026 | 260 |
|  |  | 1240 |
|  |  | 5917 |
| **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** |
|  | Lumentum Holdings Inc. <br>|  |
| 1035 | &nbsp;&nbsp;&nbsp; 0.500%—06/15/2028<sup>2</sup> | 836 |
| **DIVERSIFIED CONSUMER SERVICES—1.9%** | **DIVERSIFIED CONSUMER SERVICES—1.9%** | **DIVERSIFIED CONSUMER SERVICES—1.9%** |
|  | Chegg Inc. <br>|  |
| 756 | &nbsp;&nbsp;&nbsp; 0.125%—03/15/2025 | 669 |
|  | Stride Inc. <br>|  |
| 621 | &nbsp;&nbsp;&nbsp; 1.125%—09/01/2027 | 651 |
|  |  | 1320 |

---

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **ELECTRIC UTILITIES—1.4%** | **ELECTRIC UTILITIES—1.4%** | **ELECTRIC UTILITIES—1.4%** |
|  | NRG Energy Inc. <br>|  |
| $958 | &nbsp;&nbsp;&nbsp; 2.750%—06/01/2048 | $983 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.5%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.5%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.5%** |
|  | Itron Inc. <br>|  |
| 434 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2026<sup>1</sup> | 369 |
| **ENTERTAINMENT—4.3%** | **ENTERTAINMENT—4.3%** | **ENTERTAINMENT—4.3%** |
|  | IMAX Corp. <br>|  |
| 707 | &nbsp;&nbsp;&nbsp; 0.500%—04/01/2026 | 641 |
|  | Liberty Media Corp. <br>|  |
| 713 | &nbsp;&nbsp;&nbsp; 2.250%—08/15/2027<sup>2</sup> | 748 |
| 934 | &nbsp;&nbsp;&nbsp; 2.750%—12/01/2049 | 868 |
|  |  | 1616 |
|  | Live Nation Entertainment Inc. <br>|  |
| 807 | &nbsp;&nbsp;&nbsp; 2.000%—02/15/2025 | 835 |
|  |  | 3092 |
| **FOOD PRODUCTS—1.6%** | **FOOD PRODUCTS—1.6%** | **FOOD PRODUCTS—1.6%** |
|  | Chefs' Warehouse Inc <br>|  |
| 342 | &nbsp;&nbsp;&nbsp; 2.375%—12/15/2028 | 377 |
|  | Post Holdings Inc. <br>|  |
| 713 | &nbsp;&nbsp;&nbsp; 2.500%—08/15/2027<sup>2</sup> | 780 |
|  |  | 1157 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—6.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—6.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—6.7%** |
|  | CONMED Corp. <br>|  |
| 941 | &nbsp;&nbsp;&nbsp; 2.250%—06/15/2027<sup>2</sup> | 900 |
| 424 | &nbsp;&nbsp;&nbsp; 2.625%—02/01/2024 | 504 |
|  |  | 1404 |
|  | Dexcom Inc. <br>|  |
| 734 | &nbsp;&nbsp;&nbsp; 0.250%—11/15/2025 | 777 |
|  | Insulet Corp. <br>|  |
| 476 | &nbsp;&nbsp;&nbsp; 0.375%—09/01/2026 | 659 |
|  | Integra Lifesciences Holdings Corp. <br>|  |
| 722 | &nbsp;&nbsp;&nbsp; 0.500%—08/15/2025 | 709 |
|  | Novocure Ltd. <br>|  |
| 810 | &nbsp;&nbsp;&nbsp; 0.000%—11/01/2025<sup>1</sup> | 792 |
|  | Nuvasive Inc. <br>|  |
| 412 | &nbsp;&nbsp;&nbsp; 0.375%—03/15/2025 | 369 |
|  | Tandem Diabetes Care Inc. <br>|  |
| 82 | &nbsp;&nbsp;&nbsp; 1.500%—05/01/2025<sup>2</sup> | 75 |
|  |  | 4785 |
| **HEALTH CARE PROVIDERS & SERVICES—0.5%** | **HEALTH CARE PROVIDERS & SERVICES—0.5%** | **HEALTH CARE PROVIDERS & SERVICES—0.5%** |
|  | Guardant Health Inc. <br>|  |
| 497 | &nbsp;&nbsp;&nbsp; 0.000%—11/15/2027<sup>1</sup> | 334 |
| **HEALTH CARE TECHNOLOGY—0.7%** | **HEALTH CARE TECHNOLOGY—0.7%** | **HEALTH CARE TECHNOLOGY—0.7%** |
|  | NextGen Healthcare Inc. <br>|  |
| 489 | &nbsp;&nbsp;&nbsp; 3.750%—11/15/2027<sup>2</sup> | 512 |
| **HOTELS, RESTAURANTS & LEISURE—5.4%** | **HOTELS, RESTAURANTS & LEISURE—5.4%** | **HOTELS, RESTAURANTS & LEISURE—5.4%** |
|  | Booking Holdings Inc. <br>|  |
| 538 | &nbsp;&nbsp;&nbsp; 0.750%—05/01/2025 | 769 |
|  | DraftKings Inc. <br>|  |
| 2 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2028<sup>1</sup> | 2 |
|  | Marriott Vacation Worldwide Co. <br>|  |
| 279 | &nbsp;&nbsp;&nbsp; 3.250%—12/15/2027 | 301 |
|  | NCL Corp. LTD. <br>|  |
| 1393 | &nbsp;&nbsp;&nbsp; 1.125%—02/15/2027 | 1069 |
|  | Royal Caribbean Cruises Ltd. <br>|  |
| 126 | &nbsp;&nbsp;&nbsp; 6.000%—08/15/2025<sup>2</sup> | 193 |

---

------

**Harbor Convertible Securities Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** |
|  |  | The Cheesecake Factory Inc. <br>|  |
| $| 622 | &nbsp;&nbsp;&nbsp; 0.375%—06/15/2026 | $544 |
|  |  | Vail Resorts Inc. <br>|  |
|  | 1040 | &nbsp;&nbsp;&nbsp; 0.000%—01/01/2026<sup>1</sup> | 989 |
|  |  |  | 3867 |
| **HOUSEHOLD PRODUCTS—0.3%** | **HOUSEHOLD PRODUCTS—0.3%** | **HOUSEHOLD PRODUCTS—0.3%** | **HOUSEHOLD PRODUCTS—0.3%** |
|  |  | Wayfair Inc. <br>|  |
|  | 192 | &nbsp;&nbsp;&nbsp; 3.250%—09/15/2027 | 231 |
| **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.7%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.7%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.7%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.7%** |
|  |  | Nextera Energy Partners LP <br>|  |
|  | 501 | &nbsp;&nbsp;&nbsp; 0.000%—06/15/2024-11/15/2025<sup>1,2</sup> | 509 |
| **INTERACTIVE MEDIA & SERVICES—2.1%** | **INTERACTIVE MEDIA & SERVICES—2.1%** | **INTERACTIVE MEDIA & SERVICES—2.1%** | **INTERACTIVE MEDIA & SERVICES—2.1%** |
|  |  | IAC FinanceCo 2 Inc. <br>|  |
|  | 286 | &nbsp;&nbsp;&nbsp; 0.875%—06/15/2026<sup>2</sup> | 276 |
|  |  | J2 Global Inc. <br>|  |
|  | 1140 | &nbsp;&nbsp;&nbsp; 1.750%—11/01/2026<sup>2</sup> | 1209 |
|  |  |  | 1485 |
| **INTERNET & DIRECT MARKETING RETAIL—3.6%** | **INTERNET & DIRECT MARKETING RETAIL—3.6%** | **INTERNET & DIRECT MARKETING RETAIL—3.6%** | **INTERNET & DIRECT MARKETING RETAIL—3.6%** |
|  |  | Etsy Inc. <br>|  |
|  | 977 | &nbsp;&nbsp;&nbsp; 0.125%—09/01/2027 | 1009 |
|  | 711 | &nbsp;&nbsp;&nbsp; 0.250%—06/15/2028 | 645 |
|  |  |  | 1654 |
|  |  | Wayfair Inc. <br>|  |
|  | 1161 | &nbsp;&nbsp;&nbsp; 0.625%—10/01/2025 | 909 |
|  |  |  | 2563 |
| **IT SERVICES—7.4%** | **IT SERVICES—7.4%** | **IT SERVICES—7.4%** | **IT SERVICES—7.4%** |
|  |  | Akamai Technologies Inc. <br>|  |
|  | 462 | &nbsp;&nbsp;&nbsp; 0.125%—05/01/2025 | 497 |
|  | 1243 | &nbsp;&nbsp;&nbsp; 0.375%—09/01/2027 | 1237 |
|  |  |  | 1734 |
|  |  | Block Inc. <br>|  |
|  | 1206 | &nbsp;&nbsp;&nbsp; 0.125%—03/01/2025 | 1230 |
|  |  | Okta Inc. <br>|  |
|  | 662 | &nbsp;&nbsp;&nbsp; 0.375%—06/15/2026 | 565 |
|  |  | Perficient Inc. <br>|  |
|  | 1102 | &nbsp;&nbsp;&nbsp; 0.125%—11/15/2026 | 897 |
|  |  | Sabre GLBL Inc. <br>|  |
|  | 189 | &nbsp;&nbsp;&nbsp; 4.000%—04/15/2025 | 216 |
|  |  | Shift4 Payments Inc. <br>|  |
|  | 716 | &nbsp;&nbsp;&nbsp; 0.500%—08/01/2027 | 643 |
|  |  |  | 5285 |
| **MACHINERY—2.1%** | **MACHINERY—2.1%** | **MACHINERY—2.1%** | **MACHINERY—2.1%** |
|  |  | Greenbrier Cos. Inc. <br>|  |
|  | 955 | &nbsp;&nbsp;&nbsp; 2.875%—04/15/2028 | 815 |
|  |  | John Bean Technologies Corp. <br>|  |
|  | 775 | &nbsp;&nbsp;&nbsp; 0.250%—05/15/2026 | 718 |
|  |  |  | 1533 |
| **MEDIA—1.3%** | **MEDIA—1.3%** | **MEDIA—1.3%** | **MEDIA—1.3%** |
|  |  | Cable One Inc. <br>|  |
|  | 3 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2026<sup>1</sup> | 2 |
|  |  | Dish Network Corp. <br>|  |
|  | 1461 | &nbsp;&nbsp;&nbsp; 3.375%—08/15/2026 | 960 |
|  |  |  | 962 |

---

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **PHARMACEUTICALS—0.6%** | **PHARMACEUTICALS—0.6%** | **PHARMACEUTICALS—0.6%** |
|  | Jazz Investments I Ltd. <br>|  |
| $371 | &nbsp;&nbsp;&nbsp; 2.000%—06/15/2026 | $437 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.1%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.1%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.1%** |
|  | Zillow Group Inc. <br>|  |
| 596 | &nbsp;&nbsp;&nbsp; 1.375%—09/01/2026 | 717 |
| 764 | &nbsp;&nbsp;&nbsp; 2.750%—05/15/2025 | 787 |
|  |  | 1504 |
| **ROAD & RAIL—0.7%** | **ROAD & RAIL—0.7%** | **ROAD & RAIL—0.7%** |
|  | Uber Technologies Inc. <br>|  |
| 590 | &nbsp;&nbsp;&nbsp; 0.000%—12/15/2025<sup>1</sup> | 521 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—6.4%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—6.4%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—6.4%** |
|  | Enphase Energy Inc. <br>|  |
| 660 | &nbsp;&nbsp;&nbsp; 0.000%—03/01/2026<sup>1</sup> | 698 |
|  | MACOM Technology Solutions Holdings Inc. <br>|  |
| 735 | &nbsp;&nbsp;&nbsp; 0.250%—03/15/2026 | 762 |
|  | Microchip Technology Inc. <br>|  |
| 864 | &nbsp;&nbsp;&nbsp; 0.125%—11/15/2024 | 963 |
|  | ON Semiconductor Corp. <br>|  |
| 272 | &nbsp;&nbsp;&nbsp; 0.000%—05/01/2027<sup>1</sup> | 409 |
|  | Silicon Laboratories Inc. <br>|  |
| 369 | &nbsp;&nbsp;&nbsp; 0.625%—06/15/2025 | 514 |
|  | SolarEdge Technologies Inc. <br>|  |
| 247 | &nbsp;&nbsp;&nbsp; 0.000%—09/15/2025<sup>1</sup> | 333 |
|  | Wolfspeed Inc. <br>|  |
| 888 | &nbsp;&nbsp;&nbsp; 1.875%—12/01/2029 | 867 |
|  |  | 4546 |
| **SOFTWARE—22.8%** | **SOFTWARE—22.8%** | **SOFTWARE—22.8%** |
|  | Altair Engineering Inc. <br>|  |
| 813 | &nbsp;&nbsp;&nbsp; 1.750%—06/15/2027<sup>2</sup> | 804 |
|  | Bentley Systems Inc. <br>|  |
| 193 | &nbsp;&nbsp;&nbsp; 0.125%—01/15/2026 | 179 |
| 560 | &nbsp;&nbsp;&nbsp; 0.375%—07/01/2027 | 471 |
|  |  | 650 |
|  | Blackline Inc. <br>|  |
| 789 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2026<sup>1</sup> | 688 |
| 339 | &nbsp;&nbsp;&nbsp; 0.125%—08/01/2024 | 389 |
|  |  | 1077 |
|  | Box Inc. <br>|  |
| 631 | &nbsp;&nbsp;&nbsp; 0.000%—01/15/2026<sup>1</sup> | 849 |
|  | Ceridian HCM Holding Inc. <br>|  |
| 276 | &nbsp;&nbsp;&nbsp; 0.250%—03/15/2026 | 252 |
|  | CyberArk Software Ltd. <br>|  |
| 788 | &nbsp;&nbsp;&nbsp; 0.000%—11/15/2024<sup>1</sup> | 870 |
|  | Datadog Inc. <br>|  |
| 674 | &nbsp;&nbsp;&nbsp; 0.125%—06/15/2025 | 742 |
|  | Dropbox Inc. <br>|  |
| 1598 | &nbsp;&nbsp;&nbsp; 0.000%—03/01/2026-03/01/2028<sup>1</sup> | 1465 |
|  | Envestnet Inc. Co. <br>|  |
| 791 | &nbsp;&nbsp;&nbsp; 0.750%—08/15/2025 | 740 |
| 374 | &nbsp;&nbsp;&nbsp; 2.625%—12/01/2027 | 420 |
|  |  | 1160 |
|  | Five9 Inc. <br>|  |
| 951 | &nbsp;&nbsp;&nbsp; 0.500%—06/01/2025 | 901 |
|  | InterDigital Inc. <br>|  |
| 549 | &nbsp;&nbsp;&nbsp; 3.500%—06/01/2027<sup>2</sup> | 605 |
|  | NICE Ltd. <br>|  |
| 851 | &nbsp;&nbsp;&nbsp; 0.000%—09/15/2025<sup>1</sup> | 818 |

---

------

**Harbor Convertible Securities Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **SOFTWARE—Continued** | **SOFTWARE—Continued** | **SOFTWARE—Continued** |
|  | Palo Alto Networks Inc. <br>|  |
| $344 | &nbsp;&nbsp;&nbsp; 0.750%—07/01/2023 | $617 |
|  | Q2 Holdings Inc. <br>|  |
| 958 | &nbsp;&nbsp;&nbsp; 0.750%—06/01/2026 | 825 |
|  | Rapid7 Inc. <br>|  |
| 638 | &nbsp;&nbsp;&nbsp; 0.250%—03/15/2027 | 526 |
|  | Splunk Inc. <br>|  |
| 1847 | &nbsp;&nbsp;&nbsp; 1.125%—09/15/2025-06/15/2027 | 1686 |
|  | Varonis System Inc. <br>|  |
| 421 | &nbsp;&nbsp;&nbsp; 1.250%—08/15/2025 | 460 |
|  | Verint Systems Inc. <br>|  |
| 1049 | &nbsp;&nbsp;&nbsp; 0.250%—04/15/2026 | 941 |
|  | Workiva Inc. <br>|  |
| 409 | &nbsp;&nbsp;&nbsp; 1.125%—08/15/2026 | 517 |
|  | Zscaler Inc. <br>|  |
| 463 | &nbsp;&nbsp;&nbsp; 0.125%—07/01/2025 | 508 |
|  |  | 16273 |

---

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** | **CONVERTIBLE BONDS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **SPECIALTY RETAIL—0.7%** | **SPECIALTY RETAIL—0.7%** | **SPECIALTY RETAIL—0.7%** |
|  | Burlington Stores Inc. <br>|  |
| $425 | &nbsp;&nbsp;&nbsp; 2.250%—04/15/2025 | $529 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.3%** |
|  | Pure Storage Inc. <br>|  |
| 818 | &nbsp;&nbsp;&nbsp; 0.125%—04/15/2023 | 914 |
| **TOTAL CONVERTIBLE BONDS** | **TOTAL CONVERTIBLE BONDS** | **TOTAL CONVERTIBLE BONDS** |
| &nbsp;&nbsp;&nbsp; (Cost $67,675) | &nbsp;&nbsp;&nbsp; (Cost $67,675) | 67286 |
| **TOTAL INVESTMENTS—94.2%** | **TOTAL INVESTMENTS—94.2%** | **TOTAL INVESTMENTS—94.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $67,675) | &nbsp;&nbsp;&nbsp; (Cost $67,675) | 67286 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—5.8%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—5.8%** | 4116 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $71402 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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 | Zero coupon bond |
| 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $8,327 or 12% of net assets.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES—10.0%** | **ASSET-BACKED SECURITIES—10.0%** | **ASSET-BACKED SECURITIES—10.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  | Aligned Data Centers LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2 <br>|  |
| $385 | &nbsp;&nbsp;&nbsp; 1.937%—08/15/2046<sup>1</sup> | $342 |
|  | AMSR Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-SFR3 Cl. A <br>|  |
| 410 | &nbsp;&nbsp;&nbsp; 1.476%—10/17/2038<sup>1</sup> | 358 |
|  | BA Credit Card Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-A2 Cl. A2 <br>|  |
| 366 | &nbsp;&nbsp;&nbsp; 5.000%—04/17/2028 | 373 |
|  | CF Hippolyta Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-1 Cl. A1 <br>|  |
| 136 | &nbsp;&nbsp;&nbsp; 1.690%—07/15/2060<sup>1</sup> | 123 |
|  | DB Master Finance LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
| 168 | &nbsp;&nbsp;&nbsp; 2.045%—11/20/2051 | 149 |
|  | Discover Card Execution Note Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-A4 Cl. A <br>|  |
| 291 | &nbsp;&nbsp;&nbsp; 5.030%—10/15/2027 | 295 |
|  | Domino's Pizza Master Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
| 482 | &nbsp;&nbsp;&nbsp; 2.662%—04/25/2051<sup>1</sup> | 422 |
|  | FirstKey Homes Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-SFR2 Cl. A <br>|  |
| 360 | &nbsp;&nbsp;&nbsp; 1.266%—10/19/2037<sup>1</sup> | 327 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-SFR1 <br>|  |
| 372 | &nbsp;&nbsp;&nbsp; 1.538%—08/17/2038<sup>1</sup> | 331 |
|  | &nbsp;&nbsp;&nbsp; Series 2022-SFR1 Cl. A <br>|  |
| 129 | &nbsp;&nbsp;&nbsp; 4.145%—05/17/2039<sup>1</sup> | 126 |
|  |  | 784 |
|  | Ford Credit Auto Owner Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-1 Cl. A <br>|  |
| 250 | &nbsp;&nbsp;&nbsp; 2.040%—08/15/2031<sup>1</sup> | 237 |
|  | GM Financial Consumer Automobile Receivables Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-3 Cl A4 <br>|  |
| 288 | &nbsp;&nbsp;&nbsp; 3.710%—12/16/2027 | 282 |
|  | GM Financial Revolving Receivables Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-1 Cl. A <br>|  |
| 353 | &nbsp;&nbsp;&nbsp; 5.910%—10/11/2035 | 367 |
|  | Home Partners of America Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-2 Cl. A <br>|  |
| 264 | &nbsp;&nbsp;&nbsp; 1.532%—01/17/2041<sup>1</sup> | 223 |
|  | Mercedes Benz Automobile Receivables Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-1 Cl. A4 <br>|  |
| 362 | &nbsp;&nbsp;&nbsp; 5.250%—02/15/2029 | 373 |
|  | Navient Private Education Refi Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-A Cl. A <br>|  |
| 137 | &nbsp;&nbsp;&nbsp; 0.840%—05/15/2069<sup>1</sup> | 121 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-BA Cl. A <br>|  |
| 301 | &nbsp;&nbsp;&nbsp; 0.940%—07/15/2069<sup>1</sup> | 263 |
|  |  | 384 |
|  | Oak Street Investment Grade Net Lease Fund <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-1A Cl. A1 <br>|  |
| 336 | &nbsp;&nbsp;&nbsp; 1.850%—11/20/2050<sup>1</sup> | 304 |
|  | Palmer Square CLO Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2013 Cl. 2A <br>|  |
| 447 | &nbsp;&nbsp;&nbsp; 5.800% (1 Month USD LIBOR + 1.000) 10/17/2031<sup>1,3</sup> | 441 |
|  | Palmer Square Loan Funding Ltd. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-2A Cl. A1 <br>|  |
| 362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.930% (3 Month CME Term SOFR + 1.270) <br> 10/15/2030<sup>1,3</sup><br>| 359 |
|  | PFS Financing Corp. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-D Cl. A <br>|  |
| 232 | &nbsp;&nbsp;&nbsp; 4.270%—08/15/2027 | 230 |

---

---

| | | | |
|:---|:---|:---|:---|
| **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | Progress Residential Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-SFR3 Cl. A <br>|  |
| $| 441 | &nbsp;&nbsp;&nbsp; 2.271%—09/17/2036<sup>1</sup> | $420 |
|  |  | Sabey Data Center Issuer LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-1 Cl. A2 <br>|  |
|  | 202 | &nbsp;&nbsp;&nbsp; 3.812%—04/20/2045<sup>1</sup> | 193 |
|  |  | SBA Tower Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-1C <br>|  |
|  | 230 | &nbsp;&nbsp;&nbsp; 6.599%—01/15/2028 | 240 |
|  |  | Stack Infrastructure Issuer LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-2A Cl. A2 <br>|  |
|  | 185 | &nbsp;&nbsp;&nbsp; 3.080%—10/25/2044<sup>1</sup> | 176 |
|  |  | Store Master Funding I-VII <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-1 Cl. A1 <br>|  |
|  | 164 | &nbsp;&nbsp;&nbsp; 2.820%—11/20/2049<sup>1</sup> | 149 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-1A Cl. A1 <br>|  |
|  | 194 | &nbsp;&nbsp;&nbsp; 3.960%—10/20/2048<sup>1</sup> | 187 |
|  |  |  | 336 |
|  |  | Taco Bell Funding LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2II <br>|  |
|  | 381 | &nbsp;&nbsp;&nbsp; 2.294%—08/25/2051<sup>1</sup> | 322 |
|  |  | Vantage Data Centers LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-2A Cl. A2 <br>|  |
|  | 251 | &nbsp;&nbsp;&nbsp; 1.992%—09/15/2045<sup>1</sup> | 214 |
|  |  | Wendy's Funding LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
|  | 201 | &nbsp;&nbsp;&nbsp; 2.370%—06/15/2051<sup>1</sup> | 171 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-1A Cl. A2I <br>|  |
|  | 373 | &nbsp;&nbsp;&nbsp; 3.783%—06/15/2049<sup>1</sup> | 354 |
|  |  |  | 525 |
| **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** |
| &nbsp;&nbsp;&nbsp; (Cost $8,932) | &nbsp;&nbsp;&nbsp; (Cost $8,932) | &nbsp;&nbsp;&nbsp; (Cost $8,932) | 8472 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS—7.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—7.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—7.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—7.9%** |
|  |  | Barclays Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-C18 Cl. A5 <br>|  |
|  | 357 | &nbsp;&nbsp;&nbsp; 5.710% (1 Month USD LIBOR + 1.040) 12/15/2055<sup>3</sup> | 388 |
|  |  | Wells Fargo Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2015-C31 Cl. A4 <br>|  |
|  | 380 | &nbsp;&nbsp;&nbsp; 3.695%—11/15/2048 | 366 |
|  |  |  | 754 |
|  |  | Morgan Stanley Bank of America Merill Lynch Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2015-C25 Cl. A4 <br>|  |
|  | 260 | &nbsp;&nbsp;&nbsp; 3.372%—10/15/2048 | 249 |
|  |  | BANK 2021-BNK36 <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-BN36 Cl. A5 <br>|  |
|  | 206 | &nbsp;&nbsp;&nbsp; 2.470%—09/15/2064 | 175 |
|  |  | Benchmark Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-B26 Cl. A3 <br>|  |
|  | 387 | &nbsp;&nbsp;&nbsp; 2.391%—06/15/2054 | 339 |
|  |  | BX Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-VOLT Cl. A <br>|  |
|  | 403 | &nbsp;&nbsp;&nbsp; 5.160% (1 Month USD LIBOR + 0.700) 09/15/2036<sup>1,3</sup> | 393 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-XL Cl. A <br>|  |
|  | 421 | &nbsp;&nbsp;&nbsp; 5.510% (1 Month USD LIBOR + 0.920) 10/15/2036<sup>1,3</sup> | 419 |
|  |  |  | 812 |
|  |  | CIM Trust Corp. <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-INV1 Cl. A2 <br>|  |
|  | 94 | &nbsp;&nbsp;&nbsp; 2.500%—04/25/2050<sup>1,3</sup> | 80 |

---

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  | Commercial Mortgage Pass-Through Certificates <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2014-CR21 Cl. A3 <br>|  |
| $230 | &nbsp;&nbsp;&nbsp; 3.528%—12/10/2047 | $224 |
|  | &nbsp;&nbsp;&nbsp; Series 2014-UBS3 Cl. A3 <br>|  |
| 443 | &nbsp;&nbsp;&nbsp; 3.546%—06/10/2047 | 432 |
|  |  | 656 |
|  | Commercial Mortgage Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2016-COR1 Cl. A3 <br>|  |
| 387 | &nbsp;&nbsp;&nbsp; 2.826%—10/10/2049 | 363 |
|  | Flagstar Mortgage Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-8INV Cl. A3 <br>|  |
| 328 | &nbsp;&nbsp;&nbsp; 2.500%—09/25/2051<sup>1</sup> | 275 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-2 Cl. MA <br>|  |
| 153 | &nbsp;&nbsp;&nbsp; 2.000%—11/25/2059 | 139 |
|  | &nbsp;&nbsp;&nbsp; Series 2020-3 Cl. MA <br>|  |
| 181 | &nbsp;&nbsp;&nbsp; 2.000%—05/25/2060 | 164 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1 Cl. MA <br>|  |
| 253 | &nbsp;&nbsp;&nbsp; 2.000%—09/25/2060 | 227 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-3 Cl. MA <br>|  |
| 284 | &nbsp;&nbsp;&nbsp; 2.000%—03/25/2061 | 254 |
|  | &nbsp;&nbsp;&nbsp; Series 2020-1 Cl. MA <br>|  |
| 169 | &nbsp;&nbsp;&nbsp; 2.500%—08/25/2059 | 157 |
|  | &nbsp;&nbsp;&nbsp; Series 2017-2 Cl. MA <br>|  |
| 57 | &nbsp;&nbsp;&nbsp; 3.000%—08/25/2056 | 54 |
|  | &nbsp;&nbsp;&nbsp; Series 2018-1 Cl. MA <br>|  |
| 118 | &nbsp;&nbsp;&nbsp; 3.000%—05/25/2057 | 111 |
|  | &nbsp;&nbsp;&nbsp; Series 2019-2 Cl. MA <br>|  |
| 186 | &nbsp;&nbsp;&nbsp; 3.500%—08/25/2058 | 179 |
|  |  | 1285 |
|  | FRESB Mortgage Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2019-SB63 Cl. A5H <br>|  |
| 251 | &nbsp;&nbsp;&nbsp; 2.550% (1 Month USD LIBOR + 0.700) 02/25/2039<sup>3</sup> | 243 |
|  | GS Mortgage Backed Securities Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-INV1 Cl. A14 <br>|  |
| 171 | &nbsp;&nbsp;&nbsp; 2.930%—10/25/2050<sup>1,3</sup> | 152 |
|  | &nbsp;&nbsp;&nbsp; Series 2020-PJ4 Cl. A2 <br>|  |
| 111 | &nbsp;&nbsp;&nbsp; 3.000%—01/25/2051<sup>1,3</sup> | 97 |
|  |  | 249 |
|  | JPMBB Commercial Mortgage Securities Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2015-C32 Cl. A2 <br>|  |
| 1 | &nbsp;&nbsp;&nbsp; 2.816%—11/15/2048 | 1 |
|  | &nbsp;&nbsp;&nbsp; Series 2019-C6 Cl. A4 <br>|  |
| 351 | &nbsp;&nbsp;&nbsp; 3.057%—11/13/2052 | 307 |
|  |  | 308 |
|  | MetLife Securitization Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-INV1 Cl. A2A <br>|  |
| 132 | &nbsp;&nbsp;&nbsp; 2.500%—05/25/2050<sup>1,3</sup> | 114 |
|  | PSMC Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-2 Cl. A3 <br>|  |
| 475 | &nbsp;&nbsp;&nbsp; 2.500%—05/25/2051<sup>1,3</sup> | 422 |
|  | &nbsp;&nbsp;&nbsp; Series 2020-2 Cl. A2 <br>|  |
| 56 | &nbsp;&nbsp;&nbsp; 3.000%—05/25/2050<sup>1,3</sup> | 50 |
|  |  | 472 |

---

---

| | | | |
|:---|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | Tricon American Homes Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-SFR1 Cl. A <br>|  |
| $| 334 | &nbsp;&nbsp;&nbsp; 1.499%—07/17/2038<sup>1</sup> | $300 |
|  |  |  | 5671 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |
| &nbsp;&nbsp;&nbsp; (Cost $7,231) | &nbsp;&nbsp;&nbsp; (Cost $7,231) | &nbsp;&nbsp;&nbsp; (Cost $7,231) | 6674 |
| **CORPORATE BONDS & NOTES—33.0%** | **CORPORATE BONDS & NOTES—33.0%** | **CORPORATE BONDS & NOTES—33.0%** | **CORPORATE BONDS & NOTES—33.0%** |
| **AEROSPACE & DEFENSE—1.7%** | **AEROSPACE & DEFENSE—1.7%** | **AEROSPACE & DEFENSE—1.7%** | **AEROSPACE & DEFENSE—1.7%** |
|  |  | BAE Systems Holdings Inc. <br>|  |
|  | 600 | &nbsp;&nbsp;&nbsp; 3.400%—04/15/2030<sup>1</sup> | 550 |
|  |  | Boeing Co. <br>|  |
|  | 349 | &nbsp;&nbsp;&nbsp; 5.150%—05/01/2030 | 352 |
|  | 116 | &nbsp;&nbsp;&nbsp; 5.805%—05/01/2050 | 119 |
|  |  |  | 471 |
|  |  | Lockheed Martin Corp. <br>|  |
|  | 235 | &nbsp;&nbsp;&nbsp; 4.700%—05/15/2046 | 236 |
|  |  | Northrop Grumman Corp. <br>|  |
|  | 148 | &nbsp;&nbsp;&nbsp; 5.250%—05/01/2050 | 155 |
|  |  |  | 1412 |
| **AIRLINES—1.8%** | **AIRLINES—1.8%** | **AIRLINES—1.8%** | **AIRLINES—1.8%** |
|  |  | Air Canada Pass-Through Trust <br>|  |
|  | 268 | &nbsp;&nbsp;&nbsp; 3.600%—03/15/2027<sup>1</sup> | 247 |
|  |  | Delta Air Lines Pass-Through Trust <br>|  |
|  | 330 | &nbsp;&nbsp;&nbsp; 3.625%—07/30/2027 | 308 |
|  |  | United Airlines Pass-Through Trust <br>|  |
|  | 210 | &nbsp;&nbsp;&nbsp; 3.100%—01/07/2030 | 189 |
|  | 862 | &nbsp;&nbsp;&nbsp; 4.000%—04/11/2026 | 804 |
|  |  |  | 993 |
|  |  |  | 1548 |
| **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** |
|  |  | Apriv PLC / Aptiv Corp <br>|  |
|  | 260 | &nbsp;&nbsp;&nbsp; 3.250%—03/01/2032 | 225 |
|  |  | General Motors Financial Co Inc. <br>|  |
|  | 454 | &nbsp;&nbsp;&nbsp; 2.400%—10/15/2028 | 389 |
|  |  | Toyota Motor Credit Corp. MTN<sup>4</sup> <br>|  |
|  | 147 | &nbsp;&nbsp;&nbsp; 3.375%—04/01/2030 | 138 |
|  |  |  | 752 |
| **BANKS—5.5%** | **BANKS—5.5%** | **BANKS—5.5%** | **BANKS—5.5%** |
|  |  | Bank of America Corp. <br>|  |
|  | 505 | &nbsp;&nbsp;&nbsp; 4.950%—07/22/2028<sup>5</sup> | 506 |
|  |  | Bank of America Corp. MTN<sup>4</sup> <br>|  |
|  | 156 | &nbsp;&nbsp;&nbsp; 4.330%—03/15/2050<sup>5</sup> | 142 |
|  |  | Capital One Financial Co. <br>|  |
|  | 513 | &nbsp;&nbsp;&nbsp; 5.470%—02/01/2029<sup>5</sup> | 517 |
|  |  | Citigroup Inc. <br>|  |
|  | 171 | &nbsp;&nbsp;&nbsp; 3.400%—05/01/2026 | 165 |
|  | 239 | &nbsp;&nbsp;&nbsp; 3.520%—10/27/2028<sup>5</sup> | 224 |
|  | 279 | &nbsp;&nbsp;&nbsp; 4.410%—03/31/2031<sup>5</sup> | 268 |
|  |  |  | 657 |
|  |  | Credit Suisse AG <br>|  |
|  | 448 | &nbsp;&nbsp;&nbsp; 7.950%—01/09/2025 | 459 |
|  |  | Discover Financial Services <br>|  |
|  | 135 | &nbsp;&nbsp;&nbsp; 6.700%—11/29/2032 | 144 |
|  |  | HSBC Holdings PLC <br>|  |
|  | 212 | &nbsp;&nbsp;&nbsp; 7.390%—11/03/2028<sup>5</sup> | 231 |

---

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **BANKS—Continued** | **BANKS—Continued** | **BANKS—Continued** | **BANKS—Continued** |
|  |  | JPMorgan Chase & Co. <br>|  |
| $| 586 | &nbsp;&nbsp;&nbsp; 4.200%—07/23/2029<sup>5</sup> | $566 |
|  | 250 | &nbsp;&nbsp;&nbsp; 4.490%—03/24/2031<sup>5</sup> | 244 |
|  |  |  | 810 |
|  |  | Lloyds Banking Group plc <br>|  |
|  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.440% (U.S. Treasury 1 Year Constant Maturity Yield + <br> 1.000) 02/05/2026<sup>3</sup><br>| 471 |
|  |  | Stellantis Finance US Inc. <br>|  |
|  | 370 | &nbsp;&nbsp;&nbsp; 5.625%—01/12/2028 | 380 |
|  |  | Wells Fargo & Co. MTN<sup>4</sup> <br>|  |
|  | 362 | &nbsp;&nbsp;&nbsp; 4.810%—07/25/2028<sup>5</sup> | 362 |
|  |  |  | 4679 |
| **BEVERAGES—0.4%** | **BEVERAGES—0.4%** | **BEVERAGES—0.4%** | **BEVERAGES—0.4%** |
|  |  | &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC / Anheuser-Busch InBev <br> Worldwide Inc. <br>|  |
|  | 358 | &nbsp;&nbsp;&nbsp; 4.900%—02/01/2046 | 350 |
| **BIOTECHNOLOGY—0.3%** | **BIOTECHNOLOGY—0.3%** | **BIOTECHNOLOGY—0.3%** | **BIOTECHNOLOGY—0.3%** |
|  |  | Abbvie Inc. <br>|  |
|  | 310 | &nbsp;&nbsp;&nbsp; 4.500%—05/14/2035 | 303 |
| **CAPITAL MARKETS—3.2%** | **CAPITAL MARKETS—3.2%** | **CAPITAL MARKETS—3.2%** | **CAPITAL MARKETS—3.2%** |
|  |  | Blackstone Holdings Finance Co. LLC <br>|  |
|  | 173 | &nbsp;&nbsp;&nbsp; 2.800%—09/30/2050<sup>1</sup> | 107 |
|  | 356 | &nbsp;&nbsp;&nbsp; 3.500%—09/10/2049<sup>1</sup> | 257 |
|  |  |  | 364 |
|  |  | Goldman Sachs Group Inc. <br>|  |
|  | 301 | &nbsp;&nbsp;&nbsp; 3.800%—03/15/2030 | 283 |
|  |  | KKR Group Finance Co. II LLC <br>|  |
|  | 54 | &nbsp;&nbsp;&nbsp; 5.500%—02/01/2043<sup>1</sup> | 52 |
|  |  | KKR Group Finance Co. III LLC <br>|  |
|  | 170 | &nbsp;&nbsp;&nbsp; 5.125%—06/01/2044<sup>1</sup> | 157 |
|  |  | Macquarie Group Ltd. <br>|  |
|  | 493 | &nbsp;&nbsp;&nbsp; 1.340%—01/12/2027<sup>1,5</sup> | 439 |
|  |  | Morgan Stanley MTN<sup>4</sup> <br>|  |
|  | 665 | &nbsp;&nbsp;&nbsp; 3.125%—07/27/2026 | 630 |
|  | 295 | &nbsp;&nbsp;&nbsp; 3.620%—04/01/2031<sup>5</sup> | 272 |
|  |  |  | 902 |
|  |  | UBS Group AG <br>|  |
|  | 500 | &nbsp;&nbsp;&nbsp; 4.125%—04/15/2026<sup>1</sup> | 489 |
|  |  |  | 2686 |
| **COMMERCIAL SERVICES & SUPPLIES—0.3%** | **COMMERCIAL SERVICES & SUPPLIES—0.3%** | **COMMERCIAL SERVICES & SUPPLIES—0.3%** | **COMMERCIAL SERVICES & SUPPLIES—0.3%** |
|  |  | Waste Management Inc. <br>|  |
|  | 230 | &nbsp;&nbsp;&nbsp; 4.150%—04/15/2032 | 226 |
| **CONSTRUCTION MATERIALS—0.2%** | **CONSTRUCTION MATERIALS—0.2%** | **CONSTRUCTION MATERIALS—0.2%** | **CONSTRUCTION MATERIALS—0.2%** |
|  |  | Carlisle Cos Inc. <br>|  |
|  | 193 | &nbsp;&nbsp;&nbsp; 2.750%—03/01/2030 | 167 |
| **CORPORATE BONDS & NOTES—0.2%** | **CORPORATE BONDS & NOTES—0.2%** | **CORPORATE BONDS & NOTES—0.2%** | **CORPORATE BONDS & NOTES—0.2%** |
|  |  | AT&T Inc. <br>|  |
|  | 240 | &nbsp;&nbsp;&nbsp; 2.300%—06/01/2027 | 220 |
| **DIVERSIFIED FINANCIAL SERVICES—1.2%** | **DIVERSIFIED FINANCIAL SERVICES—1.2%** | **DIVERSIFIED FINANCIAL SERVICES—1.2%** | **DIVERSIFIED FINANCIAL SERVICES—1.2%** |
|  |  | Berkshire Hathaway Finance Co. <br>|  |
|  | 177 | &nbsp;&nbsp;&nbsp; 4.250%—01/15/2049 | 167 |
|  |  | Ferguson Finance plc <br>|  |
|  | 510 | &nbsp;&nbsp;&nbsp; 3.250%—06/02/2030<sup>1</sup> | 449 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **DIVERSIFIED FINANCIAL SERVICES—Continued** | **DIVERSIFIED FINANCIAL SERVICES—Continued** | **DIVERSIFIED FINANCIAL SERVICES—Continued** | **DIVERSIFIED FINANCIAL SERVICES—Continued** |
|  |  | PNC Financial Services <br>|  |
| $| 410 | &nbsp;&nbsp;&nbsp; 5.070%—01/24/2034<sup>5</sup> | $414 |
|  |  |  | 1030 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—0.8%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.8%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.8%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.8%** |
|  |  | AT&T Inc. <br>|  |
|  | 504 | &nbsp;&nbsp;&nbsp; 5.920% (3 Month USD LIBOR + 1.180) 06/12/2024<sup>3</sup> | 509 |
|  |  | Verizon Communications Inc. <br>|  |
|  | 162 | &nbsp;&nbsp;&nbsp; 4.500%—08/10/2033 | 159 |
|  |  |  | 668 |
| **ELECTRIC UTILITIES—2.0%** | **ELECTRIC UTILITIES—2.0%** | **ELECTRIC UTILITIES—2.0%** | **ELECTRIC UTILITIES—2.0%** |
|  |  | Berkshire Hathaway Energy Co. <br>|  |
|  | 275 | &nbsp;&nbsp;&nbsp; 6.125%—04/01/2036 | 305 |
|  |  | Eversource Energy <br>|  |
|  | 200 | &nbsp;&nbsp;&nbsp; 2.900%—10/01/2024 | 194 |
|  |  | Exelon Corp. <br>|  |
|  | 62 | &nbsp;&nbsp;&nbsp; 4.700%—04/15/2050 | 59 |
|  | 243 | &nbsp;&nbsp;&nbsp; 5.100%—06/15/2045 | 239 |
|  |  |  | 298 |
|  |  | Northern States Power <br>|  |
|  | 158 | &nbsp;&nbsp;&nbsp; 4.500%—06/01/2052 | 153 |
|  |  | Southern Co. <br>|  |
|  | 230 | &nbsp;&nbsp;&nbsp; 3.250%—07/01/2026 | 219 |
|  | 308 | &nbsp;&nbsp;&nbsp; 4.250%—07/01/2036 | 284 |
|  |  |  | 503 |
|  |  | Xcel Energy Inc. <br>|  |
|  | 230 | &nbsp;&nbsp;&nbsp; 3.400%—06/01/2030 | 212 |
|  |  |  | 1665 |
| **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** |
|  |  | Magallanes Inc. <br>|  |
|  | 309 | &nbsp;&nbsp;&nbsp; 5.141%—03/15/2052<sup>1</sup> | 257 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.1%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.1%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.1%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—1.1%** |
|  |  | Alexandria Real Estate Equities Inc <br>|  |
|  | 290 | &nbsp;&nbsp;&nbsp; 2.000%—05/18/2032 | 231 |
|  |  | Digital Realty Trust LP <br>|  |
|  | 253 | &nbsp;&nbsp;&nbsp; 3.600%—07/01/2029 | 233 |
|  |  | Federal Realty Investment Trust <br>|  |
|  | 533 | &nbsp;&nbsp;&nbsp; 1.250%—02/15/2026 | 477 |
|  |  |  | 941 |
| **HEALTH CARE PROVIDERS & SERVICES—2.7%** | **HEALTH CARE PROVIDERS & SERVICES—2.7%** | **HEALTH CARE PROVIDERS & SERVICES—2.7%** | **HEALTH CARE PROVIDERS & SERVICES—2.7%** |
|  |  | Cigna Corp. <br>|  |
|  | 320 | &nbsp;&nbsp;&nbsp; 3.400%—03/01/2027 | 307 |
|  |  | CommonSpirit Health <br>|  |
|  | 232 | &nbsp;&nbsp;&nbsp; 4.187%—10/01/2049 | 194 |
|  |  | CVS Pass-Through Trust <br>|  |
|  | 176 | &nbsp;&nbsp;&nbsp; 5.773%—01/10/2033<sup>1</sup> | 175 |
|  | 88 | &nbsp;&nbsp;&nbsp; 5.880%—01/10/2028 | 89 |
|  | 518 | &nbsp;&nbsp;&nbsp; 8.353%—07/10/2031<sup>1</sup> | 572 |
|  |  |  | 836 |
|  |  | Elevance Health Inc. <br>|  |
|  | 425 | &nbsp;&nbsp;&nbsp; 4.750%—02/15/2033 | 427 |
|  |  | PeaceHealth Obligated Group <br>|  |
|  | 590 | &nbsp;&nbsp;&nbsp; 1.375%—11/15/2025 | 536 |
|  |  |  | 2300 |

---

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **INSURANCE—2.2%** | **INSURANCE—2.2%** | **INSURANCE—2.2%** |
|  | AIA Group Ltd. <br>|  |
| $419 | &nbsp;&nbsp;&nbsp; 3.600%—04/09/2029<sup>1</sup> | $394 |
|  | Equitable Financial Life Global Funding <br>|  |
| 325 | &nbsp;&nbsp;&nbsp; 1.400%—07/07/2025<sup>1</sup> | 298 |
|  | Five Corners Funding Trust <br>|  |
| 150 | &nbsp;&nbsp;&nbsp; 4.419%—11/15/2023<sup>1</sup> | 149 |
|  | Liberty Mutual Group Inc. <br>|  |
| 530 | &nbsp;&nbsp;&nbsp; 4.569%—02/01/2029<sup>1</sup> | 519 |
|  | Lincoln National Corp. <br>|  |
| 276 | &nbsp;&nbsp;&nbsp; 3.400%—01/15/2031 | 242 |
|  | Mass Mutual Life Insurance Co. <br>|  |
| 180 | &nbsp;&nbsp;&nbsp; 3.375%—04/15/2050<sup>1</sup> | 138 |
| 160 | &nbsp;&nbsp;&nbsp; 5.672%—12/01/2052<sup>1</sup> | 170 |
|  |  | 308 |
|  |  | 1910 |
| **INTERNET & DIRECT MARKETING RETAIL—0.1%** | **INTERNET & DIRECT MARKETING RETAIL—0.1%** | **INTERNET & DIRECT MARKETING RETAIL—0.1%** |
|  | Amazon.com Inc. <br>|  |
| 91 | &nbsp;&nbsp;&nbsp; 4.100%—04/13/2062 | 80 |
| **MEDIA—1.0%** | **MEDIA—1.0%** | **MEDIA—1.0%** |
|  | &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC / Charter <br> Communications Operating Capital <br>|  |
| 498 | &nbsp;&nbsp;&nbsp; 6.384%—10/23/2035 | 510 |
|  | COX Communications Inc. <br>|  |
| 400 | &nbsp;&nbsp;&nbsp; 1.800%—10/01/2030<sup>1</sup> | 317 |
|  |  | 827 |
| **MULTI-UTILITIES—1.0%** | **MULTI-UTILITIES—1.0%** | **MULTI-UTILITIES—1.0%** |
|  | PG&E Wildfire Recovery Funding LLC <br>|  |
| 103 | &nbsp;&nbsp;&nbsp; 3.594%—06/01/2032 | 99 |
| 330 | &nbsp;&nbsp;&nbsp; 4.022%—06/01/2033 | 321 |
| 183 | &nbsp;&nbsp;&nbsp; 4.722%—06/01/2039 | 183 |
|  |  | 603 |
|  | Rogers Communications Inc. <br>|  |
| 257 | &nbsp;&nbsp;&nbsp; 5.450%—10/01/2043 | 248 |
|  |  | 851 |
| **OIL, GAS & CONSUMABLE FUELS—1.7%** | **OIL, GAS & CONSUMABLE FUELS—1.7%** | **OIL, GAS & CONSUMABLE FUELS—1.7%** |
|  | Dominion Energy Inc. <br>|  |
| 310 | &nbsp;&nbsp;&nbsp; 5.250%—08/01/2033 | 315 |
|  | Energy Transfer LP <br>|  |
| 505 | &nbsp;&nbsp;&nbsp; 3.900%—07/15/2026 | 487 |
|  | Occidental Petroleum Corp. <br>|  |
| 474 | &nbsp;&nbsp;&nbsp; 0.000%—10/10/2036<sup>6</sup> | 241 |
|  | Schlumberger Holdings Corp. <br>|  |
| 192 | &nbsp;&nbsp;&nbsp; 3.900%—05/17/2028<sup>1</sup> | 184 |
|  | Southern Co. Gas Capital Corp. <br>|  |
| 230 | &nbsp;&nbsp;&nbsp; 1.750%—01/15/2031 | 185 |
|  |  | 1412 |
| **PROFESSIONAL SERVICES—0.3%** | **PROFESSIONAL SERVICES—0.3%** | **PROFESSIONAL SERVICES—0.3%** |
|  | Verisk Analytics Inc. <br>|  |
| 295 | &nbsp;&nbsp;&nbsp; 3.625%—05/15/2050 | 223 |
| **ROAD & RAIL—1.3%** | **ROAD & RAIL—1.3%** | **ROAD & RAIL—1.3%** |
|  | Canadian Pacific Railway Co. <br>|  |
| 190 | &nbsp;&nbsp;&nbsp; 6.125%—09/15/2115 | 209 |
|  | Norfolk Southern Corp. <br>|  |
| 155 | &nbsp;&nbsp;&nbsp; 4.837%—10/01/2041 | 152 |
|  | Penske Truck Leasing Co. LP / PTL Finance Corp. <br>|  |
| 510 | &nbsp;&nbsp;&nbsp; 3.900%—02/01/2024<sup>1</sup> | 501 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **ROAD & RAIL—Continued** | **ROAD & RAIL—Continued** | **ROAD & RAIL—Continued** |
|  | Ryder System Inc. MTN<sup>4</sup> <br>|  |
| 237 | &nbsp;&nbsp;&nbsp; 3.650%—03/18/2024 | $233 |
|  |  | 1095 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—0.3%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—0.3%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—0.3%** |
|  | Broadcom Inc. <br>|  |
| 272 | &nbsp;&nbsp;&nbsp; 4.110%—09/15/2028 | 263 |
| **SOFTWARE—0.3%** | **SOFTWARE—0.3%** | **SOFTWARE—0.3%** |
|  | Oracle Corp. <br>|  |
| 343 | &nbsp;&nbsp;&nbsp; 3.950%—03/25/2051 | 267 |
| **SPECIALTY RETAIL—0.6%** | **SPECIALTY RETAIL—0.6%** | **SPECIALTY RETAIL—0.6%** |
|  | Home Depot Inc. <br>|  |
| 170 | &nbsp;&nbsp;&nbsp; 3.300%—04/15/2040 | 144 |
|  | Lowe's Cos. Inc. <br>|  |
| 77 | &nbsp;&nbsp;&nbsp; 3.700%—04/15/2046 | 62 |
| 199 | &nbsp;&nbsp;&nbsp; 5.000%—04/15/2040 | 194 |
| 117 | &nbsp;&nbsp;&nbsp; 5.625%—04/15/2053 | 121 |
|  |  | 377 |
|  |  | 521 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** |
|  | NXP BV/ NXP FDG/ NXP USA Co. <br>|  |
| 265 | &nbsp;&nbsp;&nbsp; 2.700%—05/01/2025 | 252 |
| **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** |
|  | &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC / AerCap Global Aviation <br> Trust <br>|  |
| 201 | &nbsp;&nbsp;&nbsp; 3.000%—10/29/2028 | 177 |
| 272 | &nbsp;&nbsp;&nbsp; 4.125%—07/03/2023 | 271 |
|  |  | 448 |
|  | Air Lease Corp. <br>|  |
| 374 | &nbsp;&nbsp;&nbsp; 3.875%—07/03/2023 | 372 |
|  |  | 820 |
| **WATER UTILITIES—0.3%** | **WATER UTILITIES—0.3%** | **WATER UTILITIES—0.3%** |
|  | Aquarion Co. <br>|  |
| 238 | &nbsp;&nbsp;&nbsp; 4.000%—08/15/2024<sup>1</sup> | 235 |
| **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** |
| &nbsp;&nbsp;&nbsp; (Cost $29,200) | &nbsp;&nbsp;&nbsp; (Cost $29,200) | 27960 |
| **MORTGAGE PASS-THROUGH—24.3%** | **MORTGAGE PASS-THROUGH—24.3%** | **MORTGAGE PASS-THROUGH—24.3%** |
|  | Federal Home Loan Mortgage Corp. <br>|  |
| 229 | &nbsp;&nbsp;&nbsp; 2.000%—06/01/2050 | 197 |
| 1831 | &nbsp;&nbsp;&nbsp; 2.500%—08/01/2051-05/01/2052 | 1629 |
| 2414 | &nbsp;&nbsp;&nbsp; 3.000%—01/01/2033-08/01/2050 | 2249 |
| 160 | &nbsp;&nbsp;&nbsp; 3.370% (12 Month USD LIBOR + 1.598) 06/01/2047<sup>3</sup> | 161 |
| 1006 | &nbsp;&nbsp;&nbsp; 3.500%—05/01/2042 | 972 |
| 232 | &nbsp;&nbsp;&nbsp; 4.000%—02/01/2046 | 230 |
| 139 | &nbsp;&nbsp;&nbsp; 4.500%—03/01/2049 | 140 |
|  |  | 5578 |
|  | Federal National Mortgage Association <br>|  |
| 372 | &nbsp;&nbsp;&nbsp; 1.000%—07/01/2050 | 380 |
| 2908 | &nbsp;&nbsp;&nbsp; 2.000%—08/01/2050-04/01/2051 | 2477 |
| 3578 | &nbsp;&nbsp;&nbsp; 2.500%—03/01/2035-04/01/2052 | 3199 |
| 1610 | &nbsp;&nbsp;&nbsp; 3.000%—07/01/2035-08/01/2050 | 1515 |
| 837 | &nbsp;&nbsp;&nbsp; 3.500%—03/01/2048-06/01/2050 | 797 |
| 1571 | &nbsp;&nbsp;&nbsp; 4.000%—04/01/2045-09/01/2049 | 1548 |

---

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| $| 166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.310% (12 Month Treasury Average + 2.250) <br> 12/01/2036<sup>3</sup><br>| $166 |
|  | 1232 | &nbsp;&nbsp;&nbsp; 4.500%—05/01/2046-09/01/2050 | 1244 |
|  | 553 | &nbsp;&nbsp;&nbsp; 5.000%—07/01/2052 | 558 |
|  | 1064 | &nbsp;&nbsp;&nbsp; 5.500%—11/01/2052 | 1087 |
|  |  |  | 12971 |
|  |  | Government National Mortgage Association <br>|  |
|  | 873 | &nbsp;&nbsp;&nbsp; 2.500%—01/20/2051 | 782 |
|  | 399 | &nbsp;&nbsp;&nbsp; 4.000%—09/20/2041-09/15/2046 | 398 |
|  | 867 | &nbsp;&nbsp;&nbsp; 4.500%—01/15/2042-08/20/2047 | 881 |
|  |  |  | 2061 |
| **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** |
| &nbsp;&nbsp;&nbsp; (Cost $21,545) | &nbsp;&nbsp;&nbsp; (Cost $21,545) | &nbsp;&nbsp;&nbsp; (Cost $21,545) | 20610 |
| **MUNICIPAL BONDS—2.0%** | **MUNICIPAL BONDS—2.0%** | **MUNICIPAL BONDS—2.0%** | **MUNICIPAL BONDS—2.0%** |
|  |  | Sales Tax Securitization Corp. <br>|  |
|  | 530 | &nbsp;&nbsp;&nbsp; 4.637%—01/01/2040 | 522 |
|  |  | &nbsp;&nbsp;&nbsp; Metropolitan Water Reclamation District of Greater <br> Chicago <br>|  |
|  | 145 | &nbsp;&nbsp;&nbsp; 5.720%—12/01/2038 | 160 |
|  |  | Michigan State University <br>|  |
|  | 83 | &nbsp;&nbsp;&nbsp; 4.165%—08/15/2122 | 68 |
|  |  | New York State Urban Development Corp. <br>|  |
|  | 555 | &nbsp;&nbsp;&nbsp; 5.770%—03/15/2039 | 586 |
|  |  | State of California <br>|  |
|  | 300 | &nbsp;&nbsp;&nbsp; 7.500%—04/01/2034 | 379 |
|  |  |  | 1193 |
| **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** |
| &nbsp;&nbsp;&nbsp; (Cost $1,781) | &nbsp;&nbsp;&nbsp; (Cost $1,781) | &nbsp;&nbsp;&nbsp; (Cost $1,781) | 1715 |
| **U.S. GOVERNMENT OBLIGATIONS—22.1%** | **U.S. GOVERNMENT OBLIGATIONS—22.1%** | **U.S. GOVERNMENT OBLIGATIONS—22.1%** | **U.S. GOVERNMENT OBLIGATIONS—22.1%** |
|  |  | U.S. Small Business Administration <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-25L Cl. 1 <br>|  |
|  | 379 | &nbsp;&nbsp;&nbsp; 4.710%—12/01/2047 | 388 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2023-25A Cl. 1 <br>|  |
|  | 364 | &nbsp;&nbsp;&nbsp; 4.910%—01/01/2048 | 377 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-25K Cl. 1 <br>|  |
|  | 355 | &nbsp;&nbsp;&nbsp; 5.130%—11/01/2047 | 370 |
|  |  |  | 1135 |

---

---

| | | | |
|:---|:---|:---|:---|
| **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | U.S. Small Business Administration <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2012-20C Cl. 1 <br>|  |
| $| 78 | &nbsp;&nbsp;&nbsp; 2.510%—03/01/2032 | $72 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2017-20H Cl. 1 <br>|  |
|  | 114 | &nbsp;&nbsp;&nbsp; 2.750%—08/01/2037 | 106 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2014-20K Cl. 1 <br>|  |
|  | 188 | &nbsp;&nbsp;&nbsp; 2.800%—11/01/2034 | 177 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2015-20H Cl. 1 <br>|  |
|  | 212 | &nbsp;&nbsp;&nbsp; 2.820%—08/01/2035 | 202 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2017-20J Cl. 1 <br>|  |
|  | 158 | &nbsp;&nbsp;&nbsp; 2.850%—10/01/2037 | 147 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-20B Cl. 1 <br>|  |
|  | 207 | &nbsp;&nbsp;&nbsp; 3.220%—02/01/2038 | 198 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-20G Cl. 1 <br>|  |
|  | 289 | &nbsp;&nbsp;&nbsp; 3.540%—07/01/2038 | 278 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-25E Cl. 1 <br>|  |
|  | 409 | &nbsp;&nbsp;&nbsp; 3.940%—05/01/2047 | 398 |
|  |  |  | 1578 |
|  |  | U.S. Treasury Bonds <br>|  |
|  | 116 | &nbsp;&nbsp;&nbsp; 1.125%—08/15/2040 | 77 |
|  | 1445 | &nbsp;&nbsp;&nbsp; 2.250%—02/15/2052 | 1086 |
|  | 2254 | &nbsp;&nbsp;&nbsp; 2.375%—02/15/2042 | 1824 |
|  | 2639 | &nbsp;&nbsp;&nbsp; 3.000%—08/15/2052 | 2336 |
|  | 3233 | &nbsp;&nbsp;&nbsp; 3.375%—08/15/2042 | 3057 |
|  |  |  | 8380 |
|  |  | U.S. Treasury Inflation Index Notes<sup>7</sup> <br>|  |
|  | 309 | &nbsp;&nbsp;&nbsp; 0.125%—01/15/2030 | 285 |
|  |  | U.S. Treasury Notes <br>|  |
|  | 877 | &nbsp;&nbsp;&nbsp; 2.750%—08/15/2032 | 825 |
|  | 5319 | &nbsp;&nbsp;&nbsp; 3.125%—08/31/2027 | 5205 |
|  | 1274 | &nbsp;&nbsp;&nbsp; 3.500%—09/15/2025 | 1260 |
|  |  |  | 7290 |
|  |  |  | 17533 |
| **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** |
| &nbsp;&nbsp;&nbsp; (Cost $18,675) | &nbsp;&nbsp;&nbsp; (Cost $18,675) | &nbsp;&nbsp;&nbsp; (Cost $18,675) | 18668 |
| **TOTAL INVESTMENTS—99.3%** | **TOTAL INVESTMENTS—99.3%** | **TOTAL INVESTMENTS—99.3%** | **TOTAL INVESTMENTS—99.3%** |
| &nbsp;&nbsp;&nbsp; (Cost $87,364) | &nbsp;&nbsp;&nbsp; (Cost $87,364) | &nbsp;&nbsp;&nbsp; (Cost $87,364) | 84099 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%** | 576 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $84675 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

**Harbor Core Bond Fund** <br>**Portfolio of Investments—Continued**

------

---

| | |
|:---|:---|
| 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $15,121 or 18% of net assets.<br>|
| 2 | CLO after the name of a security stands for Collateralized Loan Obligation. |
| 3 | Variable or floating rate security; the stated rate represents the rate in effect as of January 31, 2023. The variable rate for such securities may be based on the indicated <br> 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 <br> other financial indicators.<br>|
| 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.

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES—13.5%** | **ASSET-BACKED SECURITIES—13.5%** | **ASSET-BACKED SECURITIES—13.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  | Air Canada Pass-Through Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2017-1AA Cl. PTT <br>|  |
| $3232 | &nbsp;&nbsp;&nbsp; 3.300%—01/15/2030<sup>1</sup> | $2837 |
|  | Aligned Data Centers LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2 <br>|  |
| 7301 | &nbsp;&nbsp;&nbsp; 1.937%—08/15/2046<sup>1</sup> | 6492 |
|  | American Airlines Pass-Through Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 15-2 Cl. AA <br>|  |
| 1446 | &nbsp;&nbsp;&nbsp; 3.600%—09/22/2027 | 1325 |
|  | AMMC CLO 20 Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2017-20A Cl. AR <br>|  |
| 1184 | &nbsp;&nbsp;&nbsp; 5.662% (3 Month USD LIBOR + 2.600) 04/17/2029<sup>1,3</sup> | 1181 |
|  | AMMC CLO XII Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2013-12A Cl. AR2 <br>|  |
| 4200 | &nbsp;&nbsp;&nbsp; 5.542% (3 Month USD LIBOR + 2.050) 11/10/2030<sup>1,3</sup> | 4185 |
|  | Apidos CLO XXVI<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2017-26A Cl. A1AR <br>|  |
| 4000 | &nbsp;&nbsp;&nbsp; 5.695% (3 Month USD LIBOR + 2.410) 07/18/2029<sup>1,3</sup> | 3971 |
|  | Ares LII CLO Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2019-52A Cl. A1R <br>|  |
| 4000 | &nbsp;&nbsp;&nbsp; 5.865% (3 Month USD LIBOR + 2.060) 04/22/2031<sup>1,3</sup> | 3948 |
|  | Birch Grove CLO Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 19-AR <br>|  |
| 4000 | &nbsp;&nbsp;&nbsp; 5.899% (3 Month USD LIBOR + 1.880) 06/15/2031<sup>1,3</sup> | 3968 |
|  | Catamaran CLO Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2014-1A Cl. A1AR <br>|  |
| 4745 | &nbsp;&nbsp;&nbsp; 5.915% (3 Month USD LIBOR + 2.000) 04/22/2030<sup>1,3</sup> | 4699 |
|  | CF Hippolyta Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A1 <br>|  |
| 3913 | &nbsp;&nbsp;&nbsp; 1.530%—03/15/2061<sup>1</sup> | 3454 |
|  | DB Master Finance LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2II <br>|  |
| 2262 | &nbsp;&nbsp;&nbsp; 2.493%—11/20/2051<sup>1</sup> | 1945 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A23 <br>|  |
| 4208 | &nbsp;&nbsp;&nbsp; 2.791%—11/20/2051<sup>1</sup> | 3498 |
|  |  | 5443 |
|  | Diamond Infrastructure Funding LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A <br>|  |
| 4375 | &nbsp;&nbsp;&nbsp; 1.760%—04/15/2049<sup>1</sup> | 3761 |
|  | Domino's Pizza Master Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
| 1326 | &nbsp;&nbsp;&nbsp; 2.662%—04/25/2051<sup>1</sup> | 1160 |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2II <br>|  |
| 6878 | &nbsp;&nbsp;&nbsp; 3.151%—04/25/2051<sup>1</sup> | 5863 |
|  |  | 7023 |
|  | FirstKey Homes Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-SFR1 <br>|  |
| 7344 | &nbsp;&nbsp;&nbsp; 1.538%—08/17/2038<sup>1</sup> | 6536 |
|  | &nbsp;&nbsp;&nbsp; Series 2022-SFRA <br>|  |
| 6787 | &nbsp;&nbsp;&nbsp; 3.100%—03/17/2039<sup>1</sup> | 6328 |
|  |  | 12864 |
|  | GSAA Home Equity Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-20 Cl. 1A2 <br>|  |
| 3227 | &nbsp;&nbsp;&nbsp; 4.866% (1 Month USD LIBOR + 3.310) 12/25/2046<sup>3</sup> | 997 |
|  | Home Partners of America Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-1 <br>|  |
| 3249 | &nbsp;&nbsp;&nbsp; 3.930%—04/17/2039<sup>1</sup> | 3111 |
|  | IXIS Real Estate Capital Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2005-HE1 Cl. M4 <br>|  |
| 673 | &nbsp;&nbsp;&nbsp; 5.556% (1 Month USD LIBOR + 2.840) 06/25/2035<sup>3</sup> | 671 |
|  | JetBlue Pass Through Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2015-2 Cl. AA <br>|  |
| 3911 | &nbsp;&nbsp;&nbsp; 4.000%—11/15/2032 | 3569 |

---

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  | JPMorgan Mortgage Acquisition Corp. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-HE1 Cl. A4 <br>|  |
| $64 | &nbsp;&nbsp;&nbsp; 4.166% (1 Month USD LIBOR + 0.580) 01/25/2036<sup>3</sup> | $65 |
|  | &nbsp;&nbsp;&nbsp; Series 2007-HE1 Cl. AF3 <br>|  |
| 662 | &nbsp;&nbsp;&nbsp; 4.188%—05/25/2035<sup>4</sup> | 446 |
|  |  | 511 |
|  | Morgan Stanley Capital Inc. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2007-HE1 Cl. A2C <br>|  |
| 1572 | &nbsp;&nbsp;&nbsp; 3.736% (1 Month USD LIBOR + 0.150) 11/25/2036<sup>3</sup> | 958 |
|  | &nbsp;&nbsp;&nbsp; Series 2007-HE6 Cl. A3 <br>|  |
| 3025 | &nbsp;&nbsp;&nbsp; 4.686% (1 Month USD LIBOR + 2.230) 05/25/2037<sup>3</sup> | 2681 |
|  |  | 3639 |
|  | New Economy Assets Phase 1 Sponsor LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021 Cl. 1A1 <br>|  |
| 4500 | &nbsp;&nbsp;&nbsp; 1.910%—10/20/2061<sup>1</sup> | 3926 |
|  | Palmer Square Loan Funding Ltd. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-4A Cl. A1 <br>|  |
| 3231 | &nbsp;&nbsp;&nbsp; 5.592% (3 Month USD LIBOR + 2.120) 10/15/2029<sup>1,3</sup> | 3198 |
|  | Planet Fitness Master Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-1A Cl. A2I <br>|  |
| 4344 | &nbsp;&nbsp;&nbsp; 3.251%—12/05/2051<sup>1</sup> | 3917 |
|  | &nbsp;&nbsp;&nbsp; Series 2018-1A Cl. A2II <br>|  |
| 613 | &nbsp;&nbsp;&nbsp; 4.666%—09/05/2048<sup>1</sup> | 585 |
|  |  | 4502 |
|  | SBA Tower Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2022-1C <br>|  |
| 3034 | &nbsp;&nbsp;&nbsp; 6.599%—01/15/2028 | 3168 |
|  | ServiceMaster Funding LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1 Cl. A2I <br>|  |
| 3185 | &nbsp;&nbsp;&nbsp; 2.865%—07/30/2051<sup>1</sup> | 2630 |
|  | &nbsp;&nbsp;&nbsp; Series 2020-1 Cl A2II <br>|  |
| 368 | &nbsp;&nbsp;&nbsp; 3.337%—01/30/2051<sup>1</sup> | 293 |
|  |  | 2923 |
|  | Servpro Master Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl A2 <br>|  |
| 3439 | &nbsp;&nbsp;&nbsp; 2.394%—04/25/2051<sup>1</sup> | 2832 |
|  | Sound Point CLO XII Ltd.<sup>2</sup> <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2016-2A Cl. AR2 <br>|  |
| 2236 | &nbsp;&nbsp;&nbsp; 5.858% (3 Month USD LIBOR + 2.610) 10/20/2028<sup>1,3</sup> | 2219 |
|  | Specialty Underwriting & Residential Finance Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-BC4 Cl. A2B <br>|  |
| 2383 | &nbsp;&nbsp;&nbsp; 3.806% (1 Month USD LIBOR + 0.220) 09/25/2037<sup>3</sup> | 843 |
|  | Stack Infrastructure Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2 <br>|  |
| 7000 | &nbsp;&nbsp;&nbsp; 1.877%—03/26/2046<sup>1</sup> | 6226 |
|  | Taco Bell Funding LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
| 6930 | &nbsp;&nbsp;&nbsp; 1.946%—08/25/2051<sup>1</sup> | 6075 |
|  | Trinity Rail Leasing 2020 LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2020-2A Cl. A2 <br>|  |
| 5000 | &nbsp;&nbsp;&nbsp; 2.560%—11/19/2050<sup>1</sup> | 4337 |
|  | United Airlines Pass-Through Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2019-2 Cl. AA <br>|  |
| 1150 | &nbsp;&nbsp;&nbsp; 2.700%—05/01/2032 | 962 |
|  | Vantage Data Centers Issuer LLC <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2 <br>|  |
| 2000 | &nbsp;&nbsp;&nbsp; 2.165%—10/15/2046<sup>1</sup> | 1766 |
|  | &nbsp;&nbsp;&nbsp; Series 2019-1A Cl. A2 <br>|  |
| 1111 | &nbsp;&nbsp;&nbsp; 3.188%—07/15/2044<sup>1</sup> | 1065 |
|  |  | 2831 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** | **ASSET-BACKED SECURITIES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | VB-S1 Issuer LLC - Vbtel <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-1A Cl. C2I <br>|  |
| $| 6810 | &nbsp;&nbsp;&nbsp; 3.156%—02/15/2052<sup>1</sup> | $6166 |
|  |  | Wendy's Funding LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-1A Cl. A2I <br>|  |
|  | 6895 | &nbsp;&nbsp;&nbsp; 2.370%—06/15/2051<sup>1</sup> | 5860 |
| **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** | **TOTAL ASSET-BACKED SECURITIES** |
| &nbsp;&nbsp;&nbsp; (Cost $144,090) | &nbsp;&nbsp;&nbsp; (Cost $144,090) | &nbsp;&nbsp;&nbsp; (Cost $144,090) | 133717 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS—12.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—12.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—12.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS—12.1%** |
|  |  | AMSR Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-SFR1 <br>|  |
|  | 7400 | &nbsp;&nbsp;&nbsp; 2.942%—03/17/2039<sup>1</sup> | 6824 |
|  |  | Angel Oak Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-1 Cl. A1 <br>|  |
|  | 3609 | &nbsp;&nbsp;&nbsp; 2.881%—12/25/2066<sup>1,4</sup> | 3315 |
|  |  | Argent Securities Inc. <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2006-W4 Cl. A2C <br>|  |
|  | 5572 | &nbsp;&nbsp;&nbsp; 3.906% (1 Month USD LIBOR + 0.320) 05/25/2036<sup>3</sup> | 1420 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2004-W11 Cl. M3 <br>|  |
|  | 751 | &nbsp;&nbsp;&nbsp; 4.711% (1 Month USD LIBOR + 1.125) 11/25/2034<sup>3</sup> | 735 |
|  |  |  | 2155 |
|  |  | Banc of America Alternative Loan Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2006 -7 Cl. A3 <br>|  |
|  | 6805 | &nbsp;&nbsp;&nbsp; 5.913%—10/25/2036<sup>3</sup> | 2035 |
|  |  | Banc of America Funding Corp. <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-C Cl. 7A5 <br>|  |
|  | 451 | &nbsp;&nbsp;&nbsp; 4.089% (1 Month USD LIBOR + 0.600) 05/20/2047<sup>3</sup> | 400 |
|  |  | BCAP LLC Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-AA2 Cl. 12A1 <br>|  |
|  | 2901 | &nbsp;&nbsp;&nbsp; 4.006% (1 Month USD LIBOR + 0.420) 05/25/2047<sup>3</sup> | 2624 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2011-RR5 Cl. 12A1 <br>|  |
|  | 171 | &nbsp;&nbsp;&nbsp; 4.653%—03/26/2037<sup>1,4</sup> | 167 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2011-RR4 Cl. 8A1 <br>|  |
|  | 1243 | &nbsp;&nbsp;&nbsp; 5.250%—02/26/2036<sup>1,3</sup> | 564 |
|  |  |  | 3355 |
|  |  | Bear Stearns Adjustable Rate Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2000-2 Cl. A1 <br>|  |
|  | 10 | &nbsp;&nbsp;&nbsp; 2.778%—11/25/2030<sup>3</sup> | 10 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2004-1 Cl. 12A5 <br>|  |
|  | 152 | &nbsp;&nbsp;&nbsp; 2.989%—04/25/2034<sup>3</sup> | 141 |
|  |  |  | 151 |
|  |  | Benchmark Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-B21 <br>|  |
|  | 4730 | &nbsp;&nbsp;&nbsp; 1.978%—12/17/2053 | 3898 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-B9 Cl. A5 <br>|  |
|  | 5200 | &nbsp;&nbsp;&nbsp; 4.016%—03/15/2052 | 5003 |
|  |  |  | 8901 |
|  |  | BX Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2021-VOLT Cl. A <br>|  |
|  | 1429 | &nbsp;&nbsp;&nbsp; 5.159% (1 Month USD LIBOR + 4.510) 09/15/2036<sup>1,3</sup> | 1394 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2022-LP2 <br>|  |
|  | 2414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.491% (1 Month CME Term SOFR + 4.140) <br> 02/15/2039<sup>1,3</sup><br>| 2368 |
|  |  |  | 3762 |
|  |  | Citigroup Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2015-GC27 <br>|  |
|  | 3390 | &nbsp;&nbsp;&nbsp; 3.137%—02/10/2048 | 3259 |

---

---

| | | |
|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  | COMM Mortgage Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2016-787S Cl. A <br>|  |
| $5400 | &nbsp;&nbsp;&nbsp; 3.545%—02/10/2036<sup>1</sup> | $5043 |
|  | &nbsp;&nbsp;&nbsp; Series 2014-LC17 <br>|  |
| 6500 | &nbsp;&nbsp;&nbsp; 3.917%—10/10/2047 | 6339 |
|  |  | 11382 |
|  | Countrywide Alternative Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-6BC Cl. 1A2 <br>|  |
| 1737 | &nbsp;&nbsp;&nbsp; 3.986% (1 Month USD LIBOR + 0.400) 05/25/2036<sup>3</sup> | 1375 |
|  | &nbsp;&nbsp;&nbsp; Series 2005-20CB Cl. 2A5 <br>|  |
| 1240 | &nbsp;&nbsp;&nbsp; 5.500%—07/25/2035 | 815 |
|  | &nbsp;&nbsp;&nbsp; Series 2006-1R Cl.2A3 <br>|  |
| 2862 | &nbsp;&nbsp;&nbsp; 6.000%—08/25/2037 | 1521 |
|  |  | 3711 |
|  | Countrywide Asset-Backed Certificates <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-2 Cl. M1 <br>|  |
| 289 | &nbsp;&nbsp;&nbsp; 4.186% (1 Month USD LIBOR + 0.600) 06/25/2036<sup>3</sup> | 286 |
|  | Credit Suisse First Boston Mortgage Securities Corp. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-C2 Cl. A3 <br>|  |
| 188 | &nbsp;&nbsp;&nbsp; 6.000%—11/25/2035 | 139 |
|  | DC Office Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2019-MTC Cl. A <br>|  |
| 4900 | &nbsp;&nbsp;&nbsp; 2.965%—09/15/2045<sup>1</sup> | 4110 |
|  | Deutsche Alt-A Securities Inc. Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2007-AR2 Cl. A1 <br>|  |
| 2685 | &nbsp;&nbsp;&nbsp; 3.886% (1 Month USD LIBOR + 0.300) 03/25/2037<sup>3</sup> | 2514 |
|  | DSLA Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-AR1 Cl. 1A1A <br>|  |
| 864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.291% (Fed 12 Month Treasury Average Constant <br> Maturity Treasury + 0.920) 3/19/2046<sup>3</sup><br>| 697 |
|  | First Franklin Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-FF14 Cl. A6 <br>|  |
| 8000 | &nbsp;&nbsp;&nbsp; 3.896% (1 Month USD LIBOR + 0.310) 10/25/2036<sup>3</sup> | 6430 |
|  | First Horizon Asset Securities Inc. <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2005-AR6 Cl. 4A1 <br>|  |
| 149 | &nbsp;&nbsp;&nbsp; 2.683%—02/25/2036<sup>3</sup> | 129 |
|  | First Nationwide Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2001-3 Cl. 1A1 <br>|  |
|  | &nbsp;&nbsp;&nbsp; 6.750%—08/21/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | GS Mortgage Securities Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2015-GC30 <br>|  |
| 3888 | &nbsp;&nbsp;&nbsp; 3.119%—05/10/2050 | 3721 |
|  | GSMPS Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-RP2 Cl. 1AF1 <br>|  |
| 3164 | &nbsp;&nbsp;&nbsp; 3.986% (1 Month USD LIBOR + 0.400) 04/25/2036<sup>1,3</sup> | 2631 |
|  | GSR Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2005-AR3 Cl. 3A1 <br>|  |
| 194 | &nbsp;&nbsp;&nbsp; 3.081%—05/25/2035<sup>3</sup> | 145 |
|  | IndyMac ARM Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2001-H2 Cl. A2 <br>|  |
| 2 | &nbsp;&nbsp;&nbsp; 3.544%—01/25/2032<sup>3</sup> | 2 |
|  | IndyMac INDX Mortgage Loan Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2005-AR31 Cl. 1A1 <br>|  |
| 561 | &nbsp;&nbsp;&nbsp; 3.051%—01/25/2036<sup>3</sup> | 479 |
|  | JP Morgan Mortgage Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2006-A6 Cl. 1A4L <br>|  |
| 985 | &nbsp;&nbsp;&nbsp; 3.640%—10/25/2036<sup>3</sup> | 746 |
|  | &nbsp;&nbsp;&nbsp; Series 2006-S1 Cl. 3A1 <br>|  |
| 52 | &nbsp;&nbsp;&nbsp; 5.500%—04/25/2036 | 50 |
|  |  | 796 |
|  | JPMDB Commercial Mortgage Securities Trust <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series 2016-C2 Cl. A4 <br>|  |
| 4225 | &nbsp;&nbsp;&nbsp; 3.144%—06/15/2049 | 3986 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | Manhattan West Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-1MW Cl. A <br>|  |
| $| 4900 | &nbsp;&nbsp;&nbsp; 2.130%—09/10/2039<sup>1</sup> | $4307 |
|  |  | Merrill Lynch Alternative Note Asset Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-F1 Cl. 2A6 <br>|  |
|  | 423 | &nbsp;&nbsp;&nbsp; 6.000%—03/25/2037 | 171 |
|  |  | MetLife Securitization Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-1A Cl. A <br>|  |
|  | 2131 | &nbsp;&nbsp;&nbsp; 3.750%—03/25/2057<sup>1,3</sup> | 2033 |
|  |  | Morgan Stanley Bank of America Merrill Lynch Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2014-C14 Cl. A5 <br>|  |
|  | 2638 | &nbsp;&nbsp;&nbsp; 4.064%—02/15/2047 | 2603 |
|  |  | Onslow Bay Financial LLC <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-1 Cl. A2 <br>|  |
|  | 2336 | &nbsp;&nbsp;&nbsp; 4.236% (1 Month USD LIBOR + 0.650) 06/25/2057<sup>1,3</sup> | 2242 |
|  |  | Residential Asset Securitization Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-A8 Cl. 2A1 <br>|  |
|  | 17457 | &nbsp;&nbsp;&nbsp; 6.250%—08/25/2037 | 4920 |
|  |  | Residential Funding Mortgage Securities <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-SA1 Cl. 2A2 <br>|  |
|  | 142 | &nbsp;&nbsp;&nbsp; 4.261%—02/25/2037<sup>3</sup> | 99 |
|  |  | Saxon Asset Securities Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2006-3 Cl. A3 <br>|  |
|  | 1686 | &nbsp;&nbsp;&nbsp; 3.756% (1 Month USD LIBOR + 0.170) 10/25/2046<sup>3</sup> | 1644 |
|  |  | Sequoia Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2023-1 Cl. A4 <br>|  |
|  | 4990 | &nbsp;&nbsp;&nbsp; 5.000%—01/25/2053 | 4951 |
|  |  | Structured Adjustable Rate Mortgage Loan Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2005-21A Cl. 3A1 <br>|  |
|  | 122 | &nbsp;&nbsp;&nbsp; 3.914%—04/25/2035<sup>3</sup> | 117 |
|  |  | Suntrust Adjustable Rate Mortgage Loan Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2007-S1 Cl. 1A <br>|  |
|  | 233 | &nbsp;&nbsp;&nbsp; 3.360%—01/25/2037<sup>3</sup> | 175 |
|  |  | Towd Point Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2019-1 Cl. A1 <br>|  |
|  | 4797 | &nbsp;&nbsp;&nbsp; 3.704%—03/25/2058<sup>1,3</sup> | 4639 |
|  |  | Tricon American Homes Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2020-SFR1 Cl. A <br>|  |
|  | 2320 | &nbsp;&nbsp;&nbsp; 1.499%—07/17/2038<sup>1</sup> | 2083 |
|  |  | &nbsp;&nbsp;&nbsp; Washington Mutual Mortgage Pass Through <br> Certificates Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2006-AR8 Cl. 1A4 <br>|  |
|  | 1555 | &nbsp;&nbsp;&nbsp; 3.676%—08/25/2046<sup>3</sup> | 1377 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2005-AR6 Cl. 2A1A <br>|  |
|  | 156 | &nbsp;&nbsp;&nbsp; 4.046% (1 Month USD LIBOR + 0.460) 04/25/2045<sup>3</sup> | 151 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2005-AR13 Cl. A1A1 <br>|  |
|  | 76 | &nbsp;&nbsp;&nbsp; 4.166% (1 Month USD LIBOR + 0.580) 10/25/2045<sup>3</sup> | 71 |
|  |  |  | 1599 |
|  |  | Wells Fargo Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2018-C48 Cl. A5 <br>|  |
|  | 7117 | &nbsp;&nbsp;&nbsp; 4.302%—01/15/2052 | 6949 |
|  |  | WFRBS Commercial Mortgage Trust <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2014-C23 <br>|  |
|  | 6450 | &nbsp;&nbsp;&nbsp; 3.917%—10/15/2057 | 6286 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |
| &nbsp;&nbsp;&nbsp; (Cost $138,428) | &nbsp;&nbsp;&nbsp; (Cost $138,428) | &nbsp;&nbsp;&nbsp; (Cost $138,428) | 120133 |
| **CORPORATE BONDS & NOTES—33.7%** | **CORPORATE BONDS & NOTES—33.7%** | **CORPORATE BONDS & NOTES—33.7%** | **CORPORATE BONDS & NOTES—33.7%** |
| **AEROSPACE & DEFENSE—1.3%** | **AEROSPACE & DEFENSE—1.3%** | **AEROSPACE & DEFENSE—1.3%** | **AEROSPACE & DEFENSE—1.3%** |
|  |  | BAE Systems plc <br>|  |
|  | 8580 | &nbsp;&nbsp;&nbsp; 1.900%—02/15/2031<sup>1</sup> | 6993 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **AEROSPACE & DEFENSE—Continued** | **AEROSPACE & DEFENSE—Continued** | **AEROSPACE & DEFENSE—Continued** | **AEROSPACE & DEFENSE—Continued** |
|  |  | Boeing Co. <br>|  |
| $| 4625 | &nbsp;&nbsp;&nbsp; 5.150%—05/01/2030 | $4665 |
|  | 1214 | &nbsp;&nbsp;&nbsp; 5.805%—05/01/2050 | 1241 |
|  |  |  | 5906 |
|  |  |  | 12899 |
| **AUTO COMPONENTS—0.4%** | **AUTO COMPONENTS—0.4%** | **AUTO COMPONENTS—0.4%** | **AUTO COMPONENTS—0.4%** |
|  |  | Aptiv plc / Aptiv Corp. <br>|  |
|  | 5000 | &nbsp;&nbsp;&nbsp; 4.150%—05/01/2052 | 3911 |
| **AUTOMOBILES—2.1%** | **AUTOMOBILES—2.1%** | **AUTOMOBILES—2.1%** | **AUTOMOBILES—2.1%** |
|  |  | Ford Motor Credit Co. LLC <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 3.375%—11/13/2025 | 3731 |
|  | 3900 | &nbsp;&nbsp;&nbsp; 3.810%—01/09/2024 | 3825 |
|  |  |  | 7556 |
|  |  | Nissan Motor Co. Ltd. <br>|  |
|  | 3900 | &nbsp;&nbsp;&nbsp; 4.810%—09/17/2030<sup>1</sup> | 3528 |
|  |  | Volkswagen Group of America Finance LLC <br>|  |
|  | 4700 | &nbsp;&nbsp;&nbsp; 3.350%—05/13/2025<sup>1</sup> | 4529 |
|  | 4800 | &nbsp;&nbsp;&nbsp; 4.750%—11/13/2028<sup>1</sup> | 4776 |
|  |  |  | 9305 |
|  |  |  | 20389 |
| **BANKS—1.4%** | **BANKS—1.4%** | **BANKS—1.4%** | **BANKS—1.4%** |
|  |  | Banco Bilbao Vizcaya Argentaria SA <br>|  |
|  | 300 | &nbsp;&nbsp;&nbsp; 1.125%—09/18/2025 | 272 |
|  |  | Citigroup Inc. <br>|  |
|  | 4700 | &nbsp;&nbsp;&nbsp; 2.572%—06/03/2031<sup>5</sup> | 3991 |
|  |  | Credit Suisse Group AG <br>|  |
|  | 3070 | &nbsp;&nbsp;&nbsp; 9.016%—11/15/2033<sup>5</sup> | 3452 |
|  |  | HSBC Holdings PLC <br>|  |
|  | 2850 | &nbsp;&nbsp;&nbsp; 7.390%—11/03/2028<sup>5</sup> | 3109 |
|  |  | JPMorgan Chase & Co. <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 1.470%—09/22/2027<sup>5</sup> | 3545 |
|  |  |  | 14369 |
| **BEVERAGES—0.4%** | **BEVERAGES—0.4%** | **BEVERAGES—0.4%** | **BEVERAGES—0.4%** |
|  |  | &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC / Anheuser-Busch InBev <br> Worldwide Inc. <br>|  |
|  | 4441 | &nbsp;&nbsp;&nbsp; 4.900%—02/01/2046 | 4340 |
| **BUILDING PRODUCTS—1.7%** | **BUILDING PRODUCTS—1.7%** | **BUILDING PRODUCTS—1.7%** | **BUILDING PRODUCTS—1.7%** |
|  |  | Carlisle Cos. Inc. <br>|  |
|  | 3250 | &nbsp;&nbsp;&nbsp; 2.200%—03/01/2032 | 2596 |
|  |  | Carrier Global Corp. <br>|  |
|  | 2925 | &nbsp;&nbsp;&nbsp; 3.377%—04/05/2040 | 2360 |
|  |  | CRH America Finance Inc. <br>|  |
|  | 3200 | &nbsp;&nbsp;&nbsp; 3.950%—04/04/2028<sup>1</sup> | 3088 |
|  |  | Ferguson Finance plc <br>|  |
|  | 4800 | &nbsp;&nbsp;&nbsp; 4.650%—04/20/2032<sup>1</sup> | 4562 |
|  |  | Fortune Brands Home & Security Inc. <br>|  |
|  | 4700 | &nbsp;&nbsp;&nbsp; 3.250%—09/15/2029 | 4177 |
|  |  |  | 16783 |
| **CAPITAL MARKETS—4.5%** | **CAPITAL MARKETS—4.5%** | **CAPITAL MARKETS—4.5%** | **CAPITAL MARKETS—4.5%** |
|  |  | Ares Finance Co. IV LLC <br>|  |
|  | 4500 | &nbsp;&nbsp;&nbsp; 3.650%—02/01/2052<sup>1</sup> | 3023 |
|  |  | BGC Partners Inc. <br>|  |
|  | 6300 | &nbsp;&nbsp;&nbsp; 5.375%—07/24/2023 | 6307 |
|  |  | BlackRock TCP Capital Corp. <br>|  |
|  | 5800 | &nbsp;&nbsp;&nbsp; 2.850%—02/09/2026 | 5266 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **CAPITAL MARKETS—Continued** | **CAPITAL MARKETS—Continued** | **CAPITAL MARKETS—Continued** | **CAPITAL MARKETS—Continued** |
|  |  | Blackstone Holdings Finance Co. LLC <br>|  |
| $| 6000 | &nbsp;&nbsp;&nbsp; 3.200%—01/30/2052<sup>1</sup> | $4074 |
|  |  | Block Financial LLC Co. <br>|  |
|  | 3600 | &nbsp;&nbsp;&nbsp; 3.875%—08/15/2030 | 3238 |
|  |  | Golub Capital BDC Inc. <br>|  |
|  | 5800 | &nbsp;&nbsp;&nbsp; 2.500%—08/24/2026 | 5090 |
|  |  | Hercules Capital Inc. <br>|  |
|  | 2816 | &nbsp;&nbsp;&nbsp; 2.625%—09/16/2026 | 2450 |
|  |  | KKR Group Finance Co. X LLC <br>|  |
|  | 3000 | &nbsp;&nbsp;&nbsp; 3.250%—12/15/2051<sup>1</sup> | 2035 |
|  |  | Oaktree Specialty Lending Corp. <br>|  |
|  | 3000 | &nbsp;&nbsp;&nbsp; 2.700%—01/15/2027 | 2667 |
|  |  | Owl Rock Core Income Corp. <br>|  |
|  | 5700 | &nbsp;&nbsp;&nbsp; 4.700%—02/08/2027 | 5220 |
|  |  | Sixth Street Specialty Lending Inc. <br>|  |
|  | 5500 | &nbsp;&nbsp;&nbsp; 2.500%—08/01/2026 | 4925 |
|  |  |  | 44295 |
| **COMMERCIAL SERVICES & SUPPLIES—0.5%** | **COMMERCIAL SERVICES & SUPPLIES—0.5%** | **COMMERCIAL SERVICES & SUPPLIES—0.5%** | **COMMERCIAL SERVICES & SUPPLIES—0.5%** |
|  |  | Allegion US Holding Co. <br>|  |
|  | 1927 | &nbsp;&nbsp;&nbsp; 5.411%—07/01/2032 | 1963 |
|  |  | Triton Container International Ltd. <br>|  |
|  | 3519 | &nbsp;&nbsp;&nbsp; 2.050%—04/15/2026<sup>1</sup> | 3120 |
|  |  |  | 5083 |
| **CONSUMER FINANCE—0.7%** | **CONSUMER FINANCE—0.7%** | **CONSUMER FINANCE—0.7%** | **CONSUMER FINANCE—0.7%** |
|  |  | Navient Corp. MTN<sup>6</sup> <br>|  |
|  | 1704 | &nbsp;&nbsp;&nbsp; 6.125%—03/25/2024 | 1702 |
|  |  | OneMain Finance Corp <br>|  |
|  | 2800 | &nbsp;&nbsp;&nbsp; 6.875%—03/15/2025 | 2795 |
|  |  | &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC / Rocket Mortgage Co-Issuer <br> Inc. <br>|  |
|  | 2856 | &nbsp;&nbsp;&nbsp; 2.875%—10/15/2026<sup>1</sup> | 2550 |
|  |  |  | 7047 |
| **DIVERSIFIED CONSUMER SERVICES—0.4%** | **DIVERSIFIED CONSUMER SERVICES—0.4%** | **DIVERSIFIED CONSUMER SERVICES—0.4%** | **DIVERSIFIED CONSUMER SERVICES—0.4%** |
|  |  | Service Corp. International <br>|  |
|  | 4400 | &nbsp;&nbsp;&nbsp; 4.000%—05/15/2031 | 3853 |
| **DIVERSIFIED FINANCIAL SERVICES—0.1%** | **DIVERSIFIED FINANCIAL SERVICES—0.1%** | **DIVERSIFIED FINANCIAL SERVICES—0.1%** | **DIVERSIFIED FINANCIAL SERVICES—0.1%** |
|  |  | National Rural Utilities Cooperative Corp. <br>|  |
|  | 1222 | &nbsp;&nbsp;&nbsp; 4.750%—04/30/2043<sup>5</sup> | 1173 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—0.2%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.2%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.2%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.2%** |
|  |  | Verizon Communications Inc. <br>|  |
|  | 2915 | &nbsp;&nbsp;&nbsp; 3.700%—03/22/2061 | 2220 |
| **ELECTRIC UTILITIES—1.5%** | **ELECTRIC UTILITIES—1.5%** | **ELECTRIC UTILITIES—1.5%** | **ELECTRIC UTILITIES—1.5%** |
|  |  | Exelon Corp. <br>|  |
|  | 3100 | &nbsp;&nbsp;&nbsp; 4.050%—04/15/2030 | 2988 |
|  | 1500 | &nbsp;&nbsp;&nbsp; 5.625%—06/15/2035 | 1592 |
|  |  |  | 4580 |
|  |  | Jersey Central Power & Light Co. <br>|  |
|  | 900 | &nbsp;&nbsp;&nbsp; 4.300%—01/15/2026<sup>1</sup> | 878 |
|  | 1600 | &nbsp;&nbsp;&nbsp; 4.700%—04/01/2024<sup>1</sup> | 1587 |
|  |  |  | 2465 |
|  |  | New England Power Co. <br>|  |
|  | 2877 | &nbsp;&nbsp;&nbsp; 5.936%—11/25/2052 | 3168 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **ELECTRIC UTILITIES—Continued** | **ELECTRIC UTILITIES—Continued** | **ELECTRIC UTILITIES—Continued** | **ELECTRIC UTILITIES—Continued** |
|  |  | Pacific Gas & Electric Co. <br>|  |
| $| 2900 | &nbsp;&nbsp;&nbsp; 3.150%—01/01/2026 | $2747 |
|  | 1700 | &nbsp;&nbsp;&nbsp; 3.400%—08/15/2024 | 1652 |
|  |  |  | 4399 |
|  |  |  | 14612 |
| **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** | **ENTERTAINMENT—0.3%** |
|  |  | Magallanes Inc. <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 5.141%—03/15/2052<sup>1</sup> | 3328 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.9%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.9%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.9%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.9%** |
|  |  | Agree LP Co. <br>|  |
|  | 1400 | &nbsp;&nbsp;&nbsp; 2.900%—10/01/2030 | 1194 |
|  |  | Alexandria Real Estate Equities Inc. <br>|  |
|  | 2100 | &nbsp;&nbsp;&nbsp; 2.750%—12/15/2029 | 1843 |
|  | 2300 | &nbsp;&nbsp;&nbsp; 4.850%—04/15/2049 | 2093 |
|  |  |  | 3936 |
|  |  | Boston Properties LP <br>|  |
|  | 4905 | &nbsp;&nbsp;&nbsp; 2.750%—10/01/2026 | 4512 |
|  |  | Brandywine Operating Partnership LP <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 4.100%—10/01/2024 | 3870 |
|  |  | Digital Realty Trust LP <br>|  |
|  | 5500 | &nbsp;&nbsp;&nbsp; 4.450%—07/15/2028 | 5335 |
|  |  | EPR Properties <br>|  |
|  | 1900 | &nbsp;&nbsp;&nbsp; 4.500%—06/01/2027 | 1734 |
|  | 600 | &nbsp;&nbsp;&nbsp; 4.950%—04/15/2028 | 543 |
|  |  |  | 2277 |
|  |  | Equinix Inc. <br>|  |
|  | 5000 | &nbsp;&nbsp;&nbsp; 1.000%—09/15/2025 | 4519 |
|  |  | GLP Capital LP / GLP Financing II Inc. <br>|  |
|  | 4500 | &nbsp;&nbsp;&nbsp; 4.000%—01/15/2030 | 4071 |
|  |  | Highwoods Realty LP <br>|  |
|  | 2500 | &nbsp;&nbsp;&nbsp; 2.600%—02/01/2031 | 1920 |
|  |  | Invitation Homes Operating Partnership LP <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 2.700%—01/15/2034 | 3093 |
|  |  | Physicians Realty LP <br>|  |
|  | 1400 | &nbsp;&nbsp;&nbsp; 3.950%—01/15/2028 | 1317 |
|  |  | Scentre Group Trust <br>|  |
|  | 5700 | &nbsp;&nbsp;&nbsp; 4.375%—05/28/2030<sup>1</sup> | 5332 |
|  |  | Spirit Realty LP <br>|  |
|  | 4700 | &nbsp;&nbsp;&nbsp; 3.400%—01/15/2030 | 4073 |
|  |  | VICI Properties LP <br>|  |
|  | 3104 | &nbsp;&nbsp;&nbsp; 4.375%—05/15/2025 | 3039 |
|  |  |  | 48488 |
| **HEALTH CARE PROVIDERS & SERVICES—1.4%** | **HEALTH CARE PROVIDERS & SERVICES—1.4%** | **HEALTH CARE PROVIDERS & SERVICES—1.4%** | **HEALTH CARE PROVIDERS & SERVICES—1.4%** |
|  |  | CommonSpirit Health <br>|  |
|  | 1325 | &nbsp;&nbsp;&nbsp; 4.187%—10/01/2049 | 1110 |
|  |  | CVS Pass-Through Trust <br>|  |
|  | 393 | &nbsp;&nbsp;&nbsp; 6.943%—01/10/2030 | 407 |
|  | 4546 | &nbsp;&nbsp;&nbsp; 7.507%—01/10/2032<sup>1</sup> | 4916 |
|  |  |  | 5323 |
|  |  | HCA Inc. <br>|  |
|  | 4000 | &nbsp;&nbsp;&nbsp; 5.375%—09/01/2026 | 4026 |
|  |  | Pediatrix Medical Group Inc. <br>|  |
|  | 3347 | &nbsp;&nbsp;&nbsp; 5.375%—02/15/2030 | 2966 |
|  |  |  | 13425 |
| **HOTELS, RESTAURANTS & LEISURE—0.8%** | **HOTELS, RESTAURANTS & LEISURE—0.8%** | **HOTELS, RESTAURANTS & LEISURE—0.8%** | **HOTELS, RESTAURANTS & LEISURE—0.8%** |
|  |  | Expedia Group Inc. <br>|  |
|  | 3450 | &nbsp;&nbsp;&nbsp; 6.250%—05/01/2025<sup>1</sup> | 3506 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** |
|  | Marriott International Inc. <br>|  |
| 5000 | &nbsp;&nbsp;&nbsp; 3.500%—10/15/2032 | $4422 |
|  |  | 7928 |
| **HOUSEHOLD DURABLES—0.4%** | **HOUSEHOLD DURABLES—0.4%** | **HOUSEHOLD DURABLES—0.4%** |
|  | Tri Pointe Homes Inc. <br>|  |
| 1108 | &nbsp;&nbsp;&nbsp; 5.250%—06/01/2027 | 1044 |
| 2863 | &nbsp;&nbsp;&nbsp; 5.700%—06/15/2028 | 2689 |
|  |  | 3733 |
| **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.5%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.5%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.5%** |
|  | Vistra Operations Co. LLC <br>|  |
| 4990 | &nbsp;&nbsp;&nbsp; 5.125%—05/13/2025<sup>1</sup> | 4900 |
| **INDUSTRIAL CONGLOMERATES—0.8%** | **INDUSTRIAL CONGLOMERATES—0.8%** | **INDUSTRIAL CONGLOMERATES—0.8%** |
|  | Ashtead Capital Inc. <br>|  |
| 4540 | &nbsp;&nbsp;&nbsp; 5.550%—05/30/2033 | 4560 |
|  | Textron Inc. <br>|  |
| 3800 | &nbsp;&nbsp;&nbsp; 2.450%—03/15/2031 | 3193 |
|  |  | 7753 |
| **INSURANCE—0.8%** | **INSURANCE—0.8%** | **INSURANCE—0.8%** |
|  | GA Global Funding Trust <br>|  |
| 4000 | &nbsp;&nbsp;&nbsp; 1.950%—09/15/2028<sup>1</sup> | 3405 |
|  | SBL Holdings Inc. <br>|  |
| 5675 | &nbsp;&nbsp;&nbsp; 5.000%—02/18/2031<sup>1</sup> | 4725 |
|  |  | 8130 |
| **MEDIA—0.7%** | **MEDIA—0.7%** | **MEDIA—0.7%** |
|  | &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC / Charter <br> Communications Operating Capital <br>|  |
| 4775 | &nbsp;&nbsp;&nbsp; 5.375%—05/01/2047 | 4085 |
| 2400 | &nbsp;&nbsp;&nbsp; 6.384%—10/23/2035 | 2457 |
|  |  | 6542 |
| **METALS & MINING—0.5%** | **METALS & MINING—0.5%** | **METALS & MINING—0.5%** |
|  | Anglo American Capital plc <br>|  |
| 5267 | &nbsp;&nbsp;&nbsp; 3.875%—03/16/2029<sup>1</sup> | 4909 |
| **OIL, GAS & CONSUMABLE FUELS—1.4%** | **OIL, GAS & CONSUMABLE FUELS—1.4%** | **OIL, GAS & CONSUMABLE FUELS—1.4%** |
|  | Kinder Morgan Inc. <br>|  |
| 1193 | &nbsp;&nbsp;&nbsp; 5.050%—02/15/2046 | 1090 |
|  | Occidental Petroleum Corp. <br>|  |
| 13200 | &nbsp;&nbsp;&nbsp; 0.000%—10/10/2036<sup>7</sup> | 6701 |
|  | Sabine Pass Liquefaction LLC <br>|  |
| 900 | &nbsp;&nbsp;&nbsp; 4.200%—03/15/2028 | 873 |
| 5100 | &nbsp;&nbsp;&nbsp; 4.500%—05/15/2030 | 4953 |
|  |  | 5826 |
|  |  | 13617 |
| **PHARMACEUTICALS—0.4%** | **PHARMACEUTICALS—0.4%** | **PHARMACEUTICALS—0.4%** |
|  | Takeda Pharmaceutical Co. Ltd. <br>|  |
| 1500 | &nbsp;&nbsp;&nbsp; 2.050%—03/31/2030 | 1269 |
|  | Teva Pharmaceutical Finance Netherlands III BV <br>|  |
| 3000 | &nbsp;&nbsp;&nbsp; 6.750%—03/01/2028 | 3021 |
|  |  | 4290 |
| **PROFESSIONAL SERVICES—0.1%** | **PROFESSIONAL SERVICES—0.1%** | **PROFESSIONAL SERVICES—0.1%** |
|  | KBR Inc. <br>|  |
| 1642 | &nbsp;&nbsp;&nbsp; 4.750%—09/30/2028<sup>1</sup> | 1490 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| **ROAD & RAIL—0.5%** | **ROAD & RAIL—0.5%** | **ROAD & RAIL—0.5%** |
|  | Canadian Pacific Railway Co. <br>|  |
| $1145 | &nbsp;&nbsp;&nbsp; 6.125%—09/15/2115 | $1260 |
|  | Norfolk Southern Corp. <br>|  |
| 3800 | &nbsp;&nbsp;&nbsp; 4.050%—08/15/2052 | 3288 |
|  |  | 4548 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** |
|  | Broadcom Inc. <br>|  |
| 6904 | &nbsp;&nbsp;&nbsp; 3.137%—11/15/2035<sup>1</sup> | 5365 |
| 4003 | &nbsp;&nbsp;&nbsp; 3.469%—04/15/2034<sup>1</sup> | 3322 |
|  |  | 8687 |
|  | KLA Corp. <br>|  |
| 1230 | &nbsp;&nbsp;&nbsp; 5.650%—11/01/2034 | 1284 |
|  | NXP BV/ NXP FDG/ NXP USA Co. <br>|  |
| 4600 | &nbsp;&nbsp;&nbsp; 3.875%—06/18/2026 | 4443 |
|  |  | 14414 |
| **SOFTWARE—0.6%** | **SOFTWARE—0.6%** | **SOFTWARE—0.6%** |
|  | Oracle Corp. <br>|  |
| 3500 | &nbsp;&nbsp;&nbsp; 3.600%—04/01/2040 | 2777 |
|  | VMware Inc. <br>|  |
| 3600 | &nbsp;&nbsp;&nbsp; 4.650%—05/15/2027 | 3569 |
|  |  | 6346 |
| **SPECIALTY RETAIL—1.1%** | **SPECIALTY RETAIL—1.1%** | **SPECIALTY RETAIL—1.1%** |
|  | Group 1 Automotive Inc. <br>|  |
| 2900 | &nbsp;&nbsp;&nbsp; 4.000%—08/15/2028<sup>1</sup> | 2554 |
|  | Lithia Motors Inc. <br>|  |
| 2956 | &nbsp;&nbsp;&nbsp; 3.875%—06/01/2029<sup>1</sup> | 2520 |
|  | Lowe's Cos. Inc. <br>|  |
| 2113 | &nbsp;&nbsp;&nbsp; 5.625%—04/15/2053 | 2184 |
|  | Macy's Retail Holdings LLC <br>|  |
| 3612 | &nbsp;&nbsp;&nbsp; 5.875%—03/15/2030<sup>1</sup> | 3301 |
|  |  | 10559 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.3%** |
|  | Entegris Escrow Corp. <br>|  |
| 3210 | &nbsp;&nbsp;&nbsp; 5.950%—06/15/2030<sup>1</sup> | 3086 |
| **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** |
|  | Aircastle Ltd. <br>|  |
| 6200 | &nbsp;&nbsp;&nbsp; 2.850%—01/26/2028<sup>1</sup> | 5410 |
|  | Aviation Capital Group LLC <br>|  |
| 5300 | &nbsp;&nbsp;&nbsp; 4.125%—08/01/2025<sup>1</sup> | 5008 |
|  |  | 10418 |
| **WIRELESS TELECOMMUNICATION SERVICES—0.5%** | **WIRELESS TELECOMMUNICATION SERVICES—0.5%** | **WIRELESS TELECOMMUNICATION SERVICES—0.5%** |
|  | American Tower Corp. <br>|  |
| 1118 | &nbsp;&nbsp;&nbsp; 3.650%—03/15/2027 | 1063 |
|  | Crown Castle International Corp. <br>|  |
| 4000 | &nbsp;&nbsp;&nbsp; 3.700%—06/15/2026 | 3861 |
|  |  | 4924 |
| **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** |
| &nbsp;&nbsp;&nbsp; (Cost $362,747) | &nbsp;&nbsp;&nbsp; (Cost $362,747) | 333802 |
| **MORTGAGE PASS-THROUGH—25.9%** | **MORTGAGE PASS-THROUGH—25.9%** | **MORTGAGE PASS-THROUGH—25.9%** |
|  | Federal Home Loan Mortgage Corp. <br>|  |
| 31400 | &nbsp;&nbsp;&nbsp; 2.500%—07/01/2050-05/01/2052 | 27763 |
| 8005 | &nbsp;&nbsp;&nbsp; 3.000%—01/01/2050 | 7325 |
| 241 | &nbsp;&nbsp;&nbsp; 3.500%—01/01/2026-02/01/2035 | 236 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| $13381 | &nbsp;&nbsp;&nbsp; 4.000%—03/01/2025-11/01/2048 | $13259 |
| 5 | &nbsp;&nbsp;&nbsp; 4.284% (1 Month USD LIBOR + 1.930) 08/01/2035<sup>3</sup> | 5 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.342% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.880) <br> 06/01/2024<sup>3</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 154 | &nbsp;&nbsp;&nbsp; 4.500%—12/01/2040-09/01/2041 | 157 |
| 431 | &nbsp;&nbsp;&nbsp; 5.500%—02/01/2038-07/01/2038 | 454 |
| 1479 | &nbsp;&nbsp;&nbsp; 6.000%—01/01/2029-05/01/2040 | 1556 |
|  |  | 50755 |
|  | Federal Home Loan Mortgage Corp. REMIC<sup>8</sup> <br>|  |
| 1445 | &nbsp;&nbsp;&nbsp; 2.725% (1 Month USD LIBOR + 0.350) 08/15/2040<sup>3</sup> | 1405 |
| 1425 | &nbsp;&nbsp;&nbsp; 2.914% (1 Month USD LIBOR + 0.350) 10/15/2040<sup>3</sup> | 1387 |
| 4292 | &nbsp;&nbsp;&nbsp; 3.000%—05/15/2035 | 399 |
|  | &nbsp;&nbsp;&nbsp; 3.862% (1 Month USD LIBOR + 0.450) 11/15/2030<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 4381 | &nbsp;&nbsp;&nbsp; 4.000%—10/15/2042 | 745 |
|  |  | 3936 |
|  | Federal Home Loan Mortgage Corp. <br>|  |
| 10161 | &nbsp;&nbsp;&nbsp; 3.000%—12/15/2027 | 466 |
|  | &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Structured Pass <br> Through Certificates <br>|  |
|  | &nbsp;&nbsp;&nbsp; Series T-63 Cl. 1A1 <br>|  |
| 46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.304% (Fed 12 Month Treasury Average Constant <br> Maturity Treasury + 1.200) 02/25/2045<sup>3</sup><br>| 46 |
|  | &nbsp;&nbsp;&nbsp; Series E3 Cl. A <br>|  |
| 11 | &nbsp;&nbsp;&nbsp; 3.814%—08/15/2032<sup>3</sup> | 11 |
|  |  | 57 |
|  | Federal National Mortgage Association <br>|  |
| 35856 | &nbsp;&nbsp;&nbsp; 2.500%—06/01/2050-04/01/2052 | 31787 |
| 30321 | &nbsp;&nbsp;&nbsp; 3.000%—11/01/2025-12/01/2050 | 28025 |
| 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.449% (12 Month Treasury Average + 2.130) <br> 10/01/2040<sup>3</sup><br>| 98 |
| 34100 | &nbsp;&nbsp;&nbsp; 3.500%—12/01/2025-01/01/2051 | 21909 |
| 228 | &nbsp;&nbsp;&nbsp; 3.764% (12 Month USD LIBOR + 0.700) 06/01/2035<sup>3</sup> | 234 |
| 19 | &nbsp;&nbsp;&nbsp; 3.820% (12 Month USD LIBOR + 1.740) 05/01/2035<sup>3</sup> | 18 |
| 253 | &nbsp;&nbsp;&nbsp; 3.943% (12 Month USD LIBOR + 1.830) 08/01/2035<sup>3</sup> | 250 |
| 34441 | &nbsp;&nbsp;&nbsp; 4.000%—02/01/2024-07/01/2051 | 34057 |
| 30055 | &nbsp;&nbsp;&nbsp; 4.500%—04/01/2023-12/01/2050 | 30334 |
| 1040 | &nbsp;&nbsp;&nbsp; 5.000%—10/01/2031-06/01/2044 | 1063 |
| 10660 | &nbsp;&nbsp;&nbsp; 5.500%—01/01/2025-09/01/2041 | 11161 |
| 3318 | &nbsp;&nbsp;&nbsp; 6.000%—07/01/2023-06/01/2040 | 3471 |
|  |  | 162407 |
|  | Federal National Mortgage Association REMIC<sup>8</sup> <br>|  |
| 11777 | &nbsp;&nbsp;&nbsp; 0.369%—09/25/2057<sup>3</sup> | 446 |
| 24 | &nbsp;&nbsp;&nbsp; 2.869%—05/25/2035<sup>3</sup> | 24 |
| 1734 | &nbsp;&nbsp;&nbsp; 2.874% (1 Month USD LIBOR + 0.310) 06/25/2055<sup>3</sup> | 1711 |
| 5063 | &nbsp;&nbsp;&nbsp; 3.500%—10/25/2041 | 4854 |
| 7387 | &nbsp;&nbsp;&nbsp; 4.000%—07/25/2050 | 1424 |
| 98 | &nbsp;&nbsp;&nbsp; 4.867%—12/25/2042<sup>3</sup> | 95 |
| 10858 | &nbsp;&nbsp;&nbsp; 5.000%—04/25/2033-05/25/2045 | 2329 |
| 2395 | &nbsp;&nbsp;&nbsp; 6.000%—07/25/2041 | 416 |
|  |  | 11299 |
|  | Government National Mortgage Association <br>|  |
| 604 | &nbsp;&nbsp;&nbsp; 3.000%—11/15/2049 | 555 |
| 4702 | &nbsp;&nbsp;&nbsp; 3.111%—07/20/2037<sup>3</sup> | 246 |
| 3816 | &nbsp;&nbsp;&nbsp; 3.211%—07/20/2037<sup>3</sup> | 323 |
| 8833 | &nbsp;&nbsp;&nbsp; 4.000%—03/20/2041-03/15/2050 | 4843 |
| 23992 | &nbsp;&nbsp;&nbsp; 5.000%—08/15/2033-06/15/2050 | 20066 |
| 806 | &nbsp;&nbsp;&nbsp; 5.500%—02/20/2039 | 156 |
| 366 | &nbsp;&nbsp;&nbsp; 6.000%—10/20/2038 | 54 |
|  |  | 26243 |

---

---

| | | | |
|:---|:---|:---|:---|
| **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** | **MORTGAGE PASS-THROUGH—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
|  |  | Government National Mortgage Association II <br>|  |
| $| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.150) <br> 09/20/2023<sup>3</sup><br>| $1 |
|  | 3 | &nbsp;&nbsp;&nbsp; 2.625%—01/20/2025<sup>3</sup> | 3 |
|  | 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.220) <br> 07/20/2027<sup>3</sup><br>| 13 |
|  | 110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.970) <br> 02/20/2032<sup>3</sup><br>| 108 |
|  | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.180) <br> 10/20/2025<sup>3</sup><br>| 1 |
|  | 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.960) <br> 11/20/25<sup>3</sup><br>| 6 |
|  | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 0.200) <br> 12/20/2026<sup>3</sup><br>| 2 |
|  | 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 1.120) <br> 11/20/2029<sup>3</sup><br>| 24 |
|  | 6 | &nbsp;&nbsp;&nbsp; 2.875%—05/20/2024<sup>3</sup> | 6 |
|  | 7 | &nbsp;&nbsp;&nbsp; 3.000%—07/20/2024-09/20/2024<sup>3</sup> | 7 |
|  | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% (U.S. Treasury Yield Curve Rate T Note 1 <br> Year Constant Maturity Treasury + 1.360) <br> 10/20/2025<sup>3</sup><br>| 1 |
|  | 1269 | &nbsp;&nbsp;&nbsp; 4.500%—02/20/2049 | 1262 |
|  | 51 | &nbsp;&nbsp;&nbsp; 5.000%—01/20/2049 | 52 |
|  |  |  | 1486 |
| **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** | **TOTAL MORTGAGE PASS-THROUGH** |
| &nbsp;&nbsp;&nbsp; (Cost $275,837) | &nbsp;&nbsp;&nbsp; (Cost $275,837) | &nbsp;&nbsp;&nbsp; (Cost $275,837) | 256649 |
| **MUNICIPAL BONDS—0.7%** | **MUNICIPAL BONDS—0.7%** | **MUNICIPAL BONDS—0.7%** | **MUNICIPAL BONDS—0.7%** |
|  |  | City of Chicago, IL <br>|  |
|  | 816 | &nbsp;&nbsp;&nbsp; 7.750%—01/01/2042 | 837 |
|  |  | New York State Dormitory Authority <br>|  |
|  | 2845 | &nbsp;&nbsp;&nbsp; 3.399%—03/15/2032 | 2652 |
|  |  | New York State Urban Development Corp. <br>|  |
|  | 3900 | &nbsp;&nbsp;&nbsp; 1.496%—03/15/2027 | 3461 |
| **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** | **TOTAL MUNICIPAL BONDS** |
| &nbsp;&nbsp;&nbsp; (Cost $7,544) | &nbsp;&nbsp;&nbsp; (Cost $7,544) | &nbsp;&nbsp;&nbsp; (Cost $7,544) | 6950 |
| **U.S. GOVERNMENT OBLIGATIONS—12.2%** | **U.S. GOVERNMENT OBLIGATIONS—12.2%** | **U.S. GOVERNMENT OBLIGATIONS—12.2%** | **U.S. GOVERNMENT OBLIGATIONS—12.2%** |
|  |  | &nbsp;&nbsp;&nbsp; Small Business Administration Participation <br> Certificates <br>|  |
|  |  | &nbsp;&nbsp;&nbsp; Series 2003-20I Cl. 1 <br>|  |
|  | 4 | &nbsp;&nbsp;&nbsp; 5.130%—09/01/2023 | 4 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2009-20A Cl. 1 <br>|  |
|  | 635 | &nbsp;&nbsp;&nbsp; 5.720%—01/01/2029 | 632 |
|  |  | &nbsp;&nbsp;&nbsp; Series 2008-20H Cl. 1 <br>|  |
|  | 1129 | &nbsp;&nbsp;&nbsp; 6.020%—08/01/2028 | 1111 |
|  |  |  | 1747 |
|  |  | U.S. Treasury Bonds <br>|  |
|  | 2619 | &nbsp;&nbsp;&nbsp; 1.375%—08/15/2050 | 1589 |
|  | 75609 | &nbsp;&nbsp;&nbsp; 1.750%—08/15/2041 | 55094 |
|  | 34359 | &nbsp;&nbsp;&nbsp; 2.000%—08/15/2051 | 24371 |
|  | 9447 | &nbsp;&nbsp;&nbsp; 2.250%—02/15/2052 | 7101 |
|  | 7730 | &nbsp;&nbsp;&nbsp; 2.375%—02/15/2042 | 6256 |

---

------

**Harbor Core Plus Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** | **U.S. GOVERNMENT OBLIGATIONS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Principal**<br> **Amount** |  | **Value** |
| $| 8927 | &nbsp;&nbsp;&nbsp; 3.000%—08/15/2052 | $7901 |
|  | 6944 | &nbsp;&nbsp;&nbsp; 3.375%—08/15/2042 | 6567 |
|  |  |  | 108879 |
|  |  | U.S. Treasury Inflation Index Notes<sup>9</sup> <br>|  |
|  | 5467 | &nbsp;&nbsp;&nbsp; 0.125%—10/15/2024 | 5292 |
|  |  | U.S. Treasury Notes <br>|  |
|  | 5823 | &nbsp;&nbsp;&nbsp; 2.750%—08/15/2032 | 5480 |
| **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **TOTAL U.S. GOVERNMENT OBLIGATIONS** |
| &nbsp;&nbsp;&nbsp; (Cost $148,262) | &nbsp;&nbsp;&nbsp; (Cost $148,262) | &nbsp;&nbsp;&nbsp; (Cost $148,262) | 121398 |
| **TOTAL INVESTMENTS—98.1%** | **TOTAL INVESTMENTS—98.1%** | **TOTAL INVESTMENTS—98.1%** | **TOTAL INVESTMENTS—98.1%** |
| &nbsp;&nbsp;&nbsp; (Cost $1,076,908) | &nbsp;&nbsp;&nbsp; (Cost $1,076,908) | &nbsp;&nbsp;&nbsp; (Cost $1,076,908) | 972649 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%** | 18627 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $991276 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $271,572 or 27% of net assets.<br>|
| 2 | CLO after the name of a security stands for Collateralized Loan Obligation. |
| 3 | Variable or floating rate security; the stated rate represents the rate in effect as of January 31, 2023. The variable rate for such securities may be based on the indicated <br> 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 <br> other financial indicators.<br>|
| 4 | Step coupon security; the stated rate represents the rate in effect as of January 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 <br> mortgages.<br>|
| 9 | 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.

------

**Harbor Disruptive Innovation Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—97.2%** | **COMMON STOCKS—97.2%** | **COMMON STOCKS—97.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** |
| 4409 | Tesla Inc.<sup>\*</sup> | $764 |
| **BIOTECHNOLOGY—10.8%** | **BIOTECHNOLOGY—10.8%** | **BIOTECHNOLOGY—10.8%** |
| 30372 | Alkermes plc<sup>\*</sup> | 870 |
| 42348 | Allogene Therapeutics Inc.<sup>\*</sup> | 327 |
| 3490 | Apellis Pharmaceuticals Inc.<sup>\*</sup> | 184 |
| 12330 | Arrowhead Pharmaceuticals Inc.<sup>\*</sup> | 432 |
| 9736 | Ascendis Pharma AS ADR (Denmark)<sup>\*,1</sup> | 1208 |
| 178899 | Autolus Therapeutics plc ADR (United Kingdom)<sup>\*,1</sup> | 385 |
| 18193 | Avidity Biosciences Inc.<sup>\*</sup> | 431 |
| 15463 | Bicycle Therapeutics plc ADR (United Kingdom)<sup>\*,1</sup> | 427 |
| 42359 | C4 Therapeutics Inc.<sup>\*</sup> | 330 |
| 8683 | Fate Therapeutics Inc.<sup>\*</sup> | 52 |
| 93561 | &nbsp;&nbsp;&nbsp; Freeline Therapeutics Holdings plc ADR (United <br> Kingdom)<sup>\*,1</sup><br>| 55 |
| 7812 | Intellia Therapeutics Inc.<sup>\*</sup> | 332 |
| 40482 | Iovance Biotherapeutics Inc.<sup>\*</sup> | 322 |
| 844 | Karuna Therapeutics Inc.<sup>\*</sup> | 168 |
| 5093 | Krystal Biotech Inc.<sup>\*</sup> | 423 |
| 8918 | Kymera Therapeutics Inc.<sup>\*</sup> | 333 |
| 119194 | Magenta Therapeutics Inc.<sup>\*</sup> | 65 |
| 80470 | Precision BioSciences Inc.<sup>\*</sup> | 93 |
| 1090 | Prometheus Biosciences Inc.<sup>\*</sup> | 124 |
| 19431 | REGENXBIO Inc.<sup>\*</sup> | 451 |
| 26951 | Repare Therapeutics Inc. (Canada)<sup>\*</sup> | 333 |
| 18402 | Replimune Group Inc.<sup>\*</sup> | 513 |
| 42356 | Rocket Pharmaceuticals Inc.<sup>\*</sup> | 920 |
| 1727 | Sarepta Therapeutics Inc.<sup>\*</sup> | 216 |
| 222294 | Synlogic Inc.<sup>\*</sup> | 189 |
| 53573 | TCR² Therapeutics Inc.<sup>\*</sup> | 78 |
| 15396 | UniQure NV (Netherlands)<sup>\*</sup> | 327 |
|  |  | 9588 |
| **CAPITAL MARKETS—0.2%** | **CAPITAL MARKETS—0.2%** | **CAPITAL MARKETS—0.2%** |
| 2782 | Coinbase Global Inc.<sup>\*</sup> | 163 |
| **CONTAINERS & PACKAGING—2.5%** | **CONTAINERS & PACKAGING—2.5%** | **CONTAINERS & PACKAGING—2.5%** |
| 37775 | Ball Corp. | 2200 |
| **ELECTRIC UTILITIES—1.8%** | **ELECTRIC UTILITIES—1.8%** | **ELECTRIC UTILITIES—1.8%** |
| 21091 | NextEra Energy Inc. | 1574 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** |
| 12343 | Wolfspeed Inc.<sup>\*</sup> | 950 |
| **ENTERTAINMENT—0.9%** | **ENTERTAINMENT—0.9%** | **ENTERTAINMENT—0.9%** |
| 11994 | Sea Ltd. ADR (Singapore)<sup>\*,1</sup> | 773 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—3.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.4%** |
| 6519 | Dexcom Inc.<sup>\*</sup> | 698 |
| 1382 | IDEXX Laboratories Inc.<sup>\*</sup> | 664 |
| 1007 | Inspire Medical Systems Inc.<sup>\*</sup> | 255 |
| 1821 | Insulet Corp.<sup>\*</sup> | 523 |
| 8339 | Lantheus Holdings Inc.<sup>\*</sup> | 480 |
| 1060 | The Cooper Companies Inc. | 370 |
|  |  | 2990 |
| **HEALTH CARE PROVIDERS & SERVICES—0.9%** | **HEALTH CARE PROVIDERS & SERVICES—0.9%** | **HEALTH CARE PROVIDERS & SERVICES—0.9%** |
| 142415 | Invitae Corp.<sup>\*</sup> | 336 |
| 956 | UnitedHealth Group Inc. | 477 |
|  |  | 813 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HOTELS, RESTAURANTS & LEISURE—2.2%** | **HOTELS, RESTAURANTS & LEISURE—2.2%** | **HOTELS, RESTAURANTS & LEISURE—2.2%** |
| 7311 | Airbnb Inc.<sup>\*</sup> | $812 |
| 674 | Chipotle Mexican Grill Inc.<sup>\*</sup> | 1110 |
|  |  | 1922 |
| **INSURANCE—1.2%** | **INSURANCE—1.2%** | **INSURANCE—1.2%** |
| 7771 | The Progressive Corp. | 1060 |
| **INTERACTIVE MEDIA & SERVICES—3.5%** | **INTERACTIVE MEDIA & SERVICES—3.5%** | **INTERACTIVE MEDIA & SERVICES—3.5%** |
| 12867 | Alphabet Inc. Class A<sup>\*</sup> | 1272 |
| 15664 | Alphabet Inc. Class C<sup>\*</sup> | 1564 |
| 2057 | Meta Platforms Inc.<sup>\*</sup> | 307 |
|  |  | 3143 |
| **INTERNET & DIRECT MARKETING RETAIL—8.1%** | **INTERNET & DIRECT MARKETING RETAIL—8.1%** | **INTERNET & DIRECT MARKETING RETAIL—8.1%** |
| 28020 | Amazon.com Inc.<sup>\*</sup> | 2890 |
| 237908 | Deliveroo plc (United Kingdom)<sup>\*,2</sup> | 272 |
| 15585 | DoorDash Inc.<sup>\*</sup> | 903 |
| 2636 | MercadoLibre Inc. (Argentina)<sup>\*</sup> | 3115 |
|  |  | 7180 |
| **IT SERVICES—14.6%** | **IT SERVICES—14.6%** | **IT SERVICES—14.6%** |
| 2015 | Adyen NV (Netherlands)<sup>\*,2</sup> | 3047 |
| 16597 | Block Inc.<sup>\*</sup> | 1356 |
| 27735 | Cloudflare Inc.<sup>\*</sup> | 1468 |
| 13451 | Fiserv Inc.<sup>\*</sup> | 1435 |
| 3487 | MongoDB Inc.<sup>\*</sup> | 747 |
| 32963 | Okta Inc.<sup>\*</sup> | 2426 |
| 19445 | Shopify Inc. (Canada)<sup>\*</sup> | 958 |
| 9623 | Snowflake Inc.<sup>\*</sup> | 1505 |
|  |  | 12942 |
| **LEISURE PRODUCTS—0.3%** | **LEISURE PRODUCTS—0.3%** | **LEISURE PRODUCTS—0.3%** |
| 23492 | Peloton Interactive Inc.<sup>\*</sup> | 304 |
| **LIFE SCIENCES TOOLS & SERVICES—5.1%** | **LIFE SCIENCES TOOLS & SERVICES—5.1%** | **LIFE SCIENCES TOOLS & SERVICES—5.1%** |
| 1007 | Bio-Rad Laboratories Inc.<sup>\*</sup> | 471 |
| 6948 | Danaher Corp. | 1837 |
| 5587 | ICON plc (Ireland)<sup>\*</sup> | 1289 |
| 783 | Lonza Group AG (Switzerland) | 446 |
| 782 | Thermo Fisher Scientific Inc. | 446 |
|  |  | 4489 |
| **MACHINERY—0.6%** | **MACHINERY—0.6%** | **MACHINERY—0.6%** |
| 3712 | Chart Industries Inc.<sup>\*</sup> | 497 |
| **PHARMACEUTICALS—1.3%** | **PHARMACEUTICALS—1.3%** | **PHARMACEUTICALS—1.3%** |
| 10303 | Arvinas Inc.<sup>\*</sup> | 337 |
| 6232 | Catalent Inc.<sup>\*</sup> | 334 |
| 1507 | Eli Lilly & Co. | 519 |
|  |  | 1190 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—12.9%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—12.9%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—12.9%** |
| 10029 | Advanced Micro Devices Inc.<sup>\*</sup> | 754 |
| 6318 | Applied Materials Inc. | 704 |
| 2410 | ASML Holding NV (Netherlands) | 1595 |
| 6553 | Lam Research Corp. | 3277 |
| 29733 | Microchip Technology Inc. | 2308 |
| 3926 | NVIDIA Corp. | 767 |
| 11541 | Texas Instruments Inc. | 2045 |
|  |  | 11450 |
| **SOFTWARE—22.3%** | **SOFTWARE—22.3%** | **SOFTWARE—22.3%** |
| 12504 | Atlassian Corp. plc<sup>\*</sup> | 2021 |

---

------

**Harbor Disruptive Innovation Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **SOFTWARE—Continued** | **SOFTWARE—Continued** | **SOFTWARE—Continued** |
| 13474 | Cadence Design Systems Inc.<sup>\*</sup> | $2463 |
| 5022 | CyberArk Software Ltd.<sup>\*</sup> | 708 |
| 11983 | Datadog Inc. Class A<sup>\*</sup> | 896 |
| 8594 | Dynatrace Inc.<sup>\*</sup> | 330 |
| 13144 | Fortinet Inc.<sup>\*</sup> | 688 |
| 2544 | HubSpot Inc.<sup>\*</sup> | 883 |
| 4679 | Microsoft Corp. | 1160 |
| 1818 | Palo Alto Networks Inc.<sup>\*</sup> | 288 |
| 11205 | Procore Technologies Inc.<sup>\*</sup> | 627 |
| 6328 | salesforce.com Inc.<sup>\*</sup> | 1063 |
| 84751 | Samsara Inc.<sup>\*</sup> | 1156 |
| 6871 | ServiceNow Inc.<sup>\*</sup> | 3127 |
| 15251 | Smartsheet Inc.<sup>\*</sup> | 659 |
| 17199 | Workday Inc.<sup>\*</sup> | 3120 |
| 3383 | Zoom Video Communications Inc.<sup>\*</sup> | 254 |
| 2425 | Zscaler Inc.<sup>\*</sup> | 301 |
|  |  | 19744 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **SPECIALTY RETAIL—0.3%** | **SPECIALTY RETAIL—0.3%** | **SPECIALTY RETAIL—0.3%** |
| 22752 | AUTO1 Group SE (Germany)<sup>\*,2</sup> | $184 |
| 7384 | Carvana Co.<sup>\*</sup> | 75 |
|  |  | 259 |
| **WIRELESS TELECOMMUNICATION SERVICES—2.3%** | **WIRELESS TELECOMMUNICATION SERVICES—2.3%** | **WIRELESS TELECOMMUNICATION SERVICES—2.3%** |
| 13829 | T-Mobile US Inc.<sup>\*</sup> | 2065 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $102,829) | &nbsp;&nbsp;&nbsp; (Cost $102,829) | 86060 |
| **TOTAL INVESTMENTS—97.2%** | **TOTAL INVESTMENTS—97.2%** | **TOTAL INVESTMENTS—97.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $102,829) | &nbsp;&nbsp;&nbsp; (Cost $102,829) | 86060 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—2.8%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—2.8%** | 2460 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $88520 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

As of January 31, 2023, the investments in Adyen NV, ASML Holding NV, AUTO1 Group SE, 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 <br> 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.<br>|
| 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $3,503 or 4% of net assets.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—98.0%** | **COMMON STOCKS—98.0%** | **COMMON STOCKS—98.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—0.9%** | **AEROSPACE & DEFENSE—0.9%** | **AEROSPACE & DEFENSE—0.9%** |
| 17794 | Airbus SE (France) | $2231 |
| 308528 | BAE Systems plc (United Kingdom) | 3266 |
| 1598217 | Rolls-Royce Holdings plc (United Kingdom)<sup>\*</sup> | 2091 |
| 11897 | Thales SA (France) | 1573 |
|  |  | 9161 |
| **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** |
| 23641 | Oesterreichische Post AG (Austria) | 842 |
| **AIRLINES—1.0%** | **AIRLINES—1.0%** | **AIRLINES—1.0%** |
| 152579 | Air Canada (Canada)<sup>\*</sup> | 2589 |
| 47450 | Copa Holdings SA (Panama)<sup>\*</sup> | 4369 |
| 243202 | EasyJet plc (United Kingdom)<sup>\*</sup> | 1482 |
| 332018 | Qantas Airways Ltd. (Australia)<sup>\*</sup> | 1499 |
|  |  | 9939 |
| **AUTO COMPONENTS—0.8%** | **AUTO COMPONENTS—0.8%** | **AUTO COMPONENTS—0.8%** |
| 87400 | Bridgestone Corp. (Japan) | 3263 |
| 236030 | Gestamp Automocion SA (Spain)<sup>\*,1</sup> | 1042 |
| 303156 | Johnson Electric Holdings Ltd. (Hong Kong) | 417 |
| 31090 | Magna International Inc. (Canada) | 2018 |
| 24800 | Toyota Industries Corp. (Japan) | 1510 |
|  |  | 8250 |
| **AUTOMOBILES—0.4%** | **AUTOMOBILES—0.4%** | **AUTOMOBILES—0.4%** |
| 30788 | Bayerische Motoren Werke AG (Germany) | 3136 |
| 47400 | Toyota Motor Corp. (Japan) | 696 |
|  |  | 3832 |
| **BANKS—11.4%** | **BANKS—11.4%** | **BANKS—11.4%** |
| 167951 | Australia & New Zealand Banking Group Ltd (Australia) | 2989 |
| 611383 | Bank of Ireland Group plc (Ireland)<sup>\*</sup> | 6532 |
| 59216 | Bank of Nova Scotia (Canada)<sup>2</sup> | 3206 |
| 3238802 | Barclays plc (United Kingdom) | 7445 |
| 114702 | BNP Paribas SA (France) | 7878 |
| 986239 | CaixaBank SA (Spain)<sup>\*</sup> | 4376 |
| 38259 | Capitec Bank Holdings Ltd. (South Africa) | 3952 |
| 35875 | Close Brothers Group plc (United Kingdom) | 430 |
| 20750 | Danske Bank AS (Denmark) | 432 |
| 141147 | DBS Group Holdings Ltd. (Singapore) | 3864 |
| 85157 | DNB Bank ASA (Norway) | 1592 |
| 49600 | Fukuoka Financial Group Inc. (Japan) | 1144 |
| 795600 | Grupo Financiero Banorte SAB de CV (Mexico)<sup>\*</sup> | 6591 |
| 165297 | HDFC Bank Ltd. ADR (India)<sup>3</sup> | 11134 |
| 128762 | HSBC Holdings plc (Hong Kong) | 947 |
| 252730 | Intesa Sanpaolo SpA (Italy)<sup>\*</sup> | 665 |
| 10091192 | Lloyds Banking Group plc (United Kingdom) | 6567 |
| 18047000 | PT Bank Central Asia TBK (Indonesia) | 10242 |
| 1133700 | Resona Holdings Inc. (Japan) | 6274 |
| 163931 | Shinhan Financial Group Co. Ltd. (South Korea)<sup>\*</sup> | 5543 |
| 333601 | Standard Chartered plc (United Kingdom) | 2802 |
| 36500 | Sumitomo Mitsui Financial Group Inc. (Japan) | 1586 |
| 112500 | Sumitomo Mitsui Trust Holdings Inc. (Japan) | 4098 |
| 278830 | Svenska Handelsbanken AB (Sweden) | 2908 |
| 322828 | UniCredit SpA (Italy) | 6305 |
| 94582 | United Overseas Bank Ltd. (Singapore) | 2150 |
|  |  | 111652 |
| **BEVERAGES—2.4%** | **BEVERAGES—2.4%** | **BEVERAGES—2.4%** |
| 34167 | Anheuser-Busch InBev SA/NA (Belgium) | 2062 |
| 49700 | Asahi Group Holdings Ltd. (Japan) | 1641 |
| 15630 | Carlsberg AS (Denmark) | 2219 |
| 28454 | Coca-Cola Europacific Partners plc (United States) | 1600 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **BEVERAGES—Continued** | **BEVERAGES—Continued** | **BEVERAGES—Continued** |
| 123398 | Davide Campari-Milano NV (Italy) | $1324 |
| 98916 | Diageo plc (United Kingdom) | 4325 |
| 40107 | Heineken NV (Netherlands) | 4008 |
| 354300 | Kirin Holdings Co. Ltd. (Japan) | 5460 |
| 3754 | Pernod Ricard SA (France) | 777 |
|  |  | 23416 |
| **BIOTECHNOLOGY—0.5%** | **BIOTECHNOLOGY—0.5%** | **BIOTECHNOLOGY—0.5%** |
| 21327 | CSL Ltd. (Australia) | 4503 |
| **BUILDING PRODUCTS—1.1%** | **BUILDING PRODUCTS—1.1%** | **BUILDING PRODUCTS—1.1%** |
| 200510 | Assa Abloy AB Class B (Sweden) | 4723 |
| 7654 | Geberit AG (Switzerland) | 4355 |
| 202580 | GWA Group Ltd. (Australia) | 312 |
| 75400 | LIXIL Group Corp. (Japan) | 1302 |
|  |  | 10692 |
| **CAPITAL MARKETS—2.3%** | **CAPITAL MARKETS—2.3%** | **CAPITAL MARKETS—2.3%** |
| 293158 | 3i Group plc (United Kingdom) | 5719 |
| 48379 | Brookfield Asset Management A (Canada)<sup>\*</sup> | 1580 |
| 193515 | Brookfield Corp. (Canada)<sup>\*</sup> | 7199 |
| 80300 | Daiwa Securities Group Inc. (Japan) | 379 |
| 135518 | IG Group Holdings plc (United Kingdom) | 1333 |
| 444599 | Jupiter Fund Management plc (United Kingdom) | 770 |
| 554300 | Nomura Holdings Inc. (Japan) | 2212 |
| 19092 | Rathbone Brothers plc (United Kingdom) | 493 |
| 126136 | St. James's Place plc (United Kingdom) | 1913 |
| 30128 | UBS Group AG (Switzerland) | 643 |
|  |  | 22241 |
| **CHEMICALS—0.8%** | **CHEMICALS—0.8%** | **CHEMICALS—0.8%** |
| 179200 | Air Water Inc. (Japan) | 2192 |
| 54569 | BASF SE (Germany) | 3129 |
| 28100 | Nissan Chemical Corp. (Japan) | 1327 |
| 26500 | Sumitomo Bakelite Co. Ltd. (Japan) | 863 |
|  |  | 7511 |
| **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** |
| 15600 | AEON Delight Co. Ltd. (Japan) | 370 |
| 11182 | Befesa SA (Germany)<sup>\*,1</sup> | 641 |
| 119103 | Brambles Ltd. (Australia) | 1013 |
| 793527 | Cleanaway Waste Management Ltd. (Australia) | 1538 |
| 22400 | Daiei Kankyo Co. Ltd. (Japan)<sup>\*</sup> | 291 |
| 33171 | Elis SA (France) | 583 |
| 72713 | Ritchie Bros Auctioneers Inc. (Canada) | 4397 |
| 15700 | SECOM Co. Ltd. (Japan) | 935 |
| 1111391 | Serco Group plc (United Kingdom) | 2002 |
|  |  | 11770 |
| **CONSTRUCTION & ENGINEERING—1.0%** | **CONSTRUCTION & ENGINEERING—1.0%** | **CONSTRUCTION & ENGINEERING—1.0%** |
| 20777 | Ferrovial SA (Spain) | 613 |
| 184100 | Infroneer Holdings Inc. (Japan) | 1469 |
| 346100 | Obayashi Corp. (Japan) | 2685 |
| 256000 | Penta-Ocean Construction Co. Ltd. (Japan) | 1277 |
| 163080 | SNC-Lavalin Group Inc. (Canada) | 3499 |
|  |  | 9543 |
| **CONSTRUCTION MATERIALS—1.2%** | **CONSTRUCTION MATERIALS—1.2%** | **CONSTRUCTION MATERIALS—1.2%** |
| 160900 | &nbsp;&nbsp;&nbsp; Beijing Oriental Yuhong Waterproof Technology Co. Ltd. <br> Class A (China)<br>| 886 |
| 15381 | CRH plc (Ireland) | 719 |
| 294100 | Fletcher Building Ltd. (New Zealand) | 968 |
| 61417 | Holcim Ltd. (Switzerland)<sup>\*</sup> | 3672 |

---

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **CONSTRUCTION MATERIALS—Continued** | **CONSTRUCTION MATERIALS—Continued** | **CONSTRUCTION MATERIALS—Continued** |
| 5635 | Imerys SA (France) | $234 |
| 27137 | James Hardie Industries PLC CDI (Australia)<sup>\*,3</sup> | 609 |
| 139100 | Taiheiyo Cement Corp. (Japan) | 2397 |
| 8390 | Vicat SA (France) | 234 |
| 76044 | Wienerberger AG (Austria) | 2287 |
|  |  | 12006 |
| **CONSUMER FINANCE—0.1%** | **CONSUMER FINANCE—0.1%** | **CONSUMER FINANCE—0.1%** |
| 317906 | International Personal Finance plc (United Kingdom) | 332 |
| 388582 | Non-Standard Finance plc (United Kingdom)<sup>\*,1</sup> | 3 |
| 225062 | Provident Financial plc (United Kingdom) | 650 |
|  |  | 985 |
| **CONTAINERS & PACKAGING—0.4%** | **CONTAINERS & PACKAGING—0.4%** | **CONTAINERS & PACKAGING—0.4%** |
| 522193 | DS Smith plc (United Kingdom) | 2286 |
| 149900 | Toyo Seikan Group Holdings Ltd. (Japan) | 1946 |
|  |  | 4232 |
| **DISTRIBUTORS—0.3%** | **DISTRIBUTORS—0.3%** | **DISTRIBUTORS—0.3%** |
| 236199 | Inchcape plc (United Kingdom) | 2663 |
| **DIVERSIFIED FINANCIAL SERVICES—1.6%** | **DIVERSIFIED FINANCIAL SERVICES—1.6%** | **DIVERSIFIED FINANCIAL SERVICES—1.6%** |
| 600417 | AMP Ltd. (Australia)<sup>\*</sup> | 569 |
| 2785000 | B3 Brasil Bolsa Balcao SA (Brazil)<sup>\*</sup> | 7110 |
| 667802 | Chailease Holding Co. Ltd. (Taiwan) | 5033 |
| 113371 | Challenger Ltd. (Australia) | 581 |
| 20670 | Macquarie Group Ltd. (Australia) | 2758 |
|  |  | 16051 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—1.5%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.5%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.5%** |
| 42786 | BCE Inc. (Canada) | 2022 |
| 77193 | Deutsche Telekom AG (Germany)<sup>\*</sup> | 1720 |
| 660678 | Koninklijke KPN NV (Netherlands) | 2259 |
| 245000 | Nippon Telegraph & Telephone Corp. (Japan) | 7346 |
| 438642 | Telstra Corp. Ltd. (Australia) | 1268 |
|  |  | 14615 |
| **ELECTRIC UTILITIES—0.2%** | **ELECTRIC UTILITIES—0.2%** | **ELECTRIC UTILITIES—0.2%** |
| 24093 | Orsted AS (Denmark)<sup>1</sup> | 2146 |
| **ELECTRICAL EQUIPMENT—2.6%** | **ELECTRICAL EQUIPMENT—2.6%** | **ELECTRICAL EQUIPMENT—2.6%** |
| 102631 | ABB Ltd. (Switzerland) | 3573 |
| 5131 | Accelleron Industries AG (Switzerland)<sup>\*</sup> | 121 |
| 228692 | Havells India Ltd. (India)<sup>\*</sup> | 3318 |
| 52835 | Legrand SA (France) | 4711 |
| 221500 | Mitsubishi Electric Corp. (Japan) | 2441 |
| 25375 | Schneider Electric SE (France) | 4117 |
| 259013 | Vestas Wind Systems AS (Denmark) | 7579 |
|  |  | 25860 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—1.1%** |
| 643315 | Delta Electronics Inc. (Taiwan) | 6239 |
| 21800 | Kyocera Corp. (Japan) | 1131 |
| 12700 | Omron Corp. (Japan) | 735 |
| 55500 | TDK Corp. (Japan) | 1983 |
| 29200 | Topcon Corp. (Japan) | 380 |
|  |  | 10468 |
| **ENERGY EQUIPMENT & SERVICES—0.1%** | **ENERGY EQUIPMENT & SERVICES—0.1%** | **ENERGY EQUIPMENT & SERVICES—0.1%** |
| 271876 | John Wood Group plc (United Kingdom)<sup>\*</sup> | 477 |
| 109847 | Petrofac Ltd. (United Kingdom)<sup>\*</sup> | 113 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **ENERGY EQUIPMENT & SERVICES—Continued** | **ENERGY EQUIPMENT & SERVICES—Continued** | **ENERGY EQUIPMENT & SERVICES—Continued** |
| 20321 | Saipem SpA (Italy)<sup>\*</sup> | $31 |
| 27248 | Technip Energies NV (France)<sup>\*</sup> | 528 |
|  |  | 1149 |
| **ENTERTAINMENT—0.2%** | **ENTERTAINMENT—0.2%** | **ENTERTAINMENT—0.2%** |
| 23753 | CTS Eventim AG & Co. KGaA (Germany)<sup>\*</sup> | 1667 |
| 53770 | Modern Times Group MTG AB Class B (Sweden)<sup>\*</sup> | 476 |
|  |  | 2143 |
| **FOOD & STAPLES RETAILING—2.9%** | **FOOD & STAPLES RETAILING—2.9%** | **FOOD & STAPLES RETAILING—2.9%** |
| 116980 | Alimentation Couche-Tard Inc. (Canada)<sup>\*</sup> | 5342 |
| 265703 | Bid Corp. Ltd. (South Africa) | 5485 |
| 194087 | Clicks Group Ltd. (South Africa) | 2963 |
| 97243 | Koninklijke Ahold Delhaize NV (Netherlands) | 2902 |
| 69632 | Loblaw Cos. Ltd. (Canada) | 6238 |
| 21100 | Matsumotokiyoshi Holdings Co. Ltd. (Japan) | 1053 |
| 274816 | Metcash Ltd. (Australia) | 814 |
| 39200 | Seven & I Holdings Co. Ltd. (Japan) | 1851 |
| 500667 | Tesco plc (United Kingdom) | 1522 |
| 140921 | X5 Retail Group NV GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
|  |  | 28170 |
| **FOOD PRODUCTS—1.5%** | **FOOD PRODUCTS—1.5%** | **FOOD PRODUCTS—1.5%** |
| 1371000 | China Mengniu Dairy Co. Ltd. (China)<sup>\*</sup> | 6613 |
| 193318 | Devro plc (United Kingdom) | 731 |
| 752000 | First Pacific Co. Ltd. (Hong Kong) | 262 |
| 56500 | Megmilk Snow Brand Co. Ltd. (Japan) | 791 |
| 49200 | NH Foods Ltd. (Japan) | 1477 |
| 49900 | Toyo Suisan Kaisha Ltd. (Japan) | 2062 |
| 27446 | Viscofan SA (Spain) | 1769 |
| 11500 | Yakult Honsha Co. Ltd. (Japan) | 821 |
|  |  | 14526 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—1.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—1.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—1.7%** |
| 40616 | Coloplast AS Class B (Denmark) | 4904 |
| 1065338 | ConvaTec Group plc (United Kingdom)<sup>1</sup> | 3090 |
| 78076 | Demant AS (Denmark)<sup>\*</sup> | 2210 |
| 54618 | Getinge AB Class B (Sweden)<sup>\*</sup> | 1230 |
| 57010 | GN Store Nord AS (Denmark) | 1406 |
| 84989 | Koninklijke Philips NV (Netherlands)<sup>\*</sup> | 1467 |
| 33155 | Smith & Nephew plc (United Kingdom) | 458 |
| 7263 | Sonova Holding AG (Switzerland) | 1816 |
|  |  | 16581 |
| **HEALTH CARE PROVIDERS & SERVICES—0.7%** | **HEALTH CARE PROVIDERS & SERVICES—0.7%** | **HEALTH CARE PROVIDERS & SERVICES—0.7%** |
| 63686 | Amplifon SpA (Italy) | 1759 |
| 74306 | Fresenius Medical Care AG & Co. KGaA (Germany) | 2790 |
| 92600 | MediPAL Holdings Corp. (Japan) | 1236 |
| 38500 | Ship Healthcare Holdings Inc. (Japan) | 748 |
|  |  | 6533 |
| **HOTELS, RESTAURANTS & LEISURE—2.8%** | **HOTELS, RESTAURANTS & LEISURE—2.8%** | **HOTELS, RESTAURANTS & LEISURE—2.8%** |
| 49416 | Aristocrat Leisure Ltd. (Australia) | 1193 |
| 39838 | Carnival plc (United Kingdom)<sup>\*</sup> | 381 |
| 264992 | Compass Group plc (United Kingdom) | 6330 |
| 250690 | Entain plc (United Kingdom)<sup>\*</sup> | 4623 |
| 41805 | Flutter Entertainment plc (Ireland)<sup>\*</sup> | 6494 |
| 267000 | Galaxy Entertainment Group Ltd. (Hong Kong)<sup>\*</sup> | 1859 |
| 11725 | InterContinental Hotels Group plc (United Kingdom) | 814 |
| 68824 | Playtech plc (United Kingdom)<sup>\*</sup> | 480 |

---

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** | **HOTELS, RESTAURANTS & LEISURE—Continued** |
| 1100522 | SSP Group plc (United Kingdom)<sup>\*</sup> | $3523 |
| 708911 | TUI AG (Germany)<sup>\*</sup> | 1490 |
|  |  | 27187 |
| **HOUSEHOLD DURABLES—1.2%** | **HOUSEHOLD DURABLES—1.2%** | **HOUSEHOLD DURABLES—1.2%** |
| 83798 | Barratt Developments plc (United Kingdom) | 476 |
| 879400 | Midea Group Co. Ltd. (China) | 7217 |
| 61600 | Sekisui Chemical Co. Ltd. (Japan) | 863 |
| 21600 | Sony Group Corp. (Japan) | 1930 |
| 692183 | Taylor Wimpey plc (United Kingdom) | 1004 |
|  |  | 11490 |
| **HOUSEHOLD PRODUCTS—0.4%** | **HOUSEHOLD PRODUCTS—0.4%** | **HOUSEHOLD PRODUCTS—0.4%** |
| 54410 | Reckitt Benckiser Group plc (United Kingdom) | 3877 |
| **INDUSTRIAL CONGLOMERATES—1.2%** | **INDUSTRIAL CONGLOMERATES—1.2%** | **INDUSTRIAL CONGLOMERATES—1.2%** |
| 125500 | CK Hutchison Holdings Ltd. (Hong Kong) | 799 |
| 30817 | DCC plc (United Kingdom) | 1755 |
| 106500 | Hitachi Ltd. (Japan) | 5585 |
| 45200 | Jardine Matheson Holdings Ltd. (Hong Kong) | 2403 |
| 324271 | Melrose Industries plc (United Kingdom)<sup>\*</sup> | 572 |
| 153100 | Nisshinbo Holdings Inc. (Japan) | 1144 |
|  |  | 12258 |
| **INSURANCE—6.5%** | **INSURANCE—6.5%** | **INSURANCE—6.5%** |
| 71115 | Admiral Group plc (United Kingdom) | 1933 |
| 1726600 | AIA Group Ltd. (Hong Kong) | 19524 |
| 173701 | AXA SA (France) | 5419 |
| 222500 | Dai-ichi Life Holdings Inc. (Japan) | 5220 |
| 17085 | Fairfax Financial Holdings Ltd. (Canada)<sup>\*</sup> | 11311 |
| 72500 | Great Eastern Holdings Ltd. (Singapore) | 1050 |
| 5420 | Hannover Rueck SE (Germany) | 1101 |
| 4804 | Helvetia Holding AG (Switzerland) | 601 |
| 70891 | Hiscox Ltd. (United Kingdom) | 987 |
| 181700 | Japan Post Holdings Co. Ltd. (Japan) | 1595 |
| 19000 | Prudential plc (Hong Kong) | 313 |
| 124012 | Prudential plc. (United Kingdom) | 2060 |
| 310929 | QBE Insurance Group Ltd. (Australia) | 3034 |
| 100525 | Sampo OYJ (Finland) | 5278 |
| 192700 | Tokio Marine Holdings Inc. (Japan) | 4036 |
|  |  | 63462 |
| **INTERACTIVE MEDIA & SERVICES—1.3%** | **INTERACTIVE MEDIA & SERVICES—1.3%** | **INTERACTIVE MEDIA & SERVICES—1.3%** |
| 237592 | Auto Trader Group plc (United Kingdom)<sup>1</sup> | 1843 |
| 39553 | Baidu Inc. ADR (China)<sup>\*,3</sup> | 5327 |
| 53283 | Carsales.com Ltd. (Australia) | 863 |
| 697282 | Rightmove plc (United Kingdom) | 5066 |
|  |  | 13099 |
| **INTERNET & DIRECT MARKETING RETAIL—2.2%** | **INTERNET & DIRECT MARKETING RETAIL—2.2%** | **INTERNET & DIRECT MARKETING RETAIL—2.2%** |
| 29510 | Cazoo Group Ltd. (Cayman Islands)<sup>\*</sup> | 6 |
| 85604 | HelloFresh SE (Germany)<sup>\*</sup> | 2081 |
| 23184 | Just Eat Takeaway.com NV (Netherlands)<sup>\*,1</sup> | 595 |
| 52441 | Naspers Ltd. (South Africa)<sup>\*</sup> | 10139 |
| 354702 | Vipshop Holdings Ltd. ADR (China)<sup>\*,3</sup> | 5487 |
| 37808 | Zalando SE (Germany)<sup>\*,1</sup> | 1763 |
| 55000 | ZOZO Inc. (Japan) | 1426 |
|  |  | 21497 |
| **IT SERVICES—2.9%** | **IT SERVICES—2.9%** | **IT SERVICES—2.9%** |
| 14175 | ALTEN SA (France) | 2178 |
| 1997143 | Capita plc (United Kingdom)<sup>\*</sup> | 690 |
| 65973 | Edenred (France) | 3594 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **IT SERVICES—Continued** | **IT SERVICES—Continued** | **IT SERVICES—Continued** |
| 295443 | Infosys Ltd. ADR (India)<sup>3</sup> | $5554 |
| 84400 | NEC Corp. (Japan) | 3049 |
| 58200 | NET One Systems Co. Ltd. (Japan) | 1577 |
| 34000 | NS Solutions Corp. (Japan) | 875 |
| 57400 | NTT Data Corp. (Japan) | 891 |
| 5727 | Reply SpA (Italy) | 744 |
| 94200 | SCSK Corp. (Japan) | 1534 |
| 54041 | Softcat plc (United Kingdom) | 809 |
| 170345 | Tata Consultancy Services Ltd. (India) | 7030 |
|  |  | 28525 |
| **LEISURE PRODUCTS—0.6%** | **LEISURE PRODUCTS—0.6%** | **LEISURE PRODUCTS—0.6%** |
| 12260 | Mips AB (Sweden) | 469 |
| 122500 | Sega Sammy Holdings Inc. (Japan) | 1940 |
| 124849 | Spin Master Corp. (Canada)<sup>1</sup> | 3280 |
|  |  | 5689 |
| **LIFE SCIENCES TOOLS & SERVICES—0.3%** | **LIFE SCIENCES TOOLS & SERVICES—0.3%** | **LIFE SCIENCES TOOLS & SERVICES—0.3%** |
| 38583 | Eurofins Scientific SE (France) | 2767 |
| 6988 | Gerresheimer AG (Germany) | 517 |
|  |  | 3284 |
| **MACHINERY—3.8%** | **MACHINERY—3.8%** | **MACHINERY—3.8%** |
| 30721 | ALFA Laval AB (Sweden) | 965 |
| 14409 | Andritz AG (Austria) | 862 |
| 331672 | CNH Industrial NV (Italy) | 5868 |
| 21600 | Daifuku Co. Ltd. (Japan) | 1189 |
| 121940 | Fluidra SA (Spain) | 2153 |
| 13998 | GEA Group AG (Germany) | 632 |
| 65930 | Iveco Group NV (Italy)<sup>\*</sup> | 540 |
| 68300 | Kubota Corp. (Japan) | 1026 |
| 59000 | Mitsubishi Heavy Industries Ltd. (Japan) | 2313 |
| 34000 | Miura Co. Ltd. (Japan) | 851 |
| 99800 | NSK Ltd. (Japan) | 561 |
| 124802 | Rotork plc (United Kingdom) | 492 |
| 137238 | Sandvik AB (Sweden)<sup>\*</sup> | 2836 |
| 1107100 | Sany Heavy Industry Co. Ltd. (China) | 2880 |
| 27286 | Stabilus SA (Germany)<sup>\*</sup> | 1882 |
| 534000 | Techtronic Industries Co. Ltd. (Hong Kong) | 6884 |
| 94575 | Wartsila OYJ ABP (Finland)<sup>\*</sup> | 900 |
| 2985000 | Weichai Power Co. Ltd. (China) | 4508 |
|  |  | 37342 |
| **MARINE—0.2%** | **MARINE—0.2%** | **MARINE—0.2%** |
| 192984 | Irish Continental Group plc (Ireland)<sup>\*</sup> | 906 |
| 32800 | Kawasaki Kisen Kaisha Ltd. (Japan) | 685 |
|  |  | 1591 |
| **MEDIA—1.5%** | **MEDIA—1.5%** | **MEDIA—1.5%** |
| 189600 | Fuji Media Holdings Inc. (Japan) | 1601 |
| 79440 | Future plc (United Kingdom)<sup>\*</sup> | 1479 |
| 76900 | Hakuhodo DY Holdings Inc. (Japan) | 831 |
| 112188 | Informa plc (United Kingdom) | 928 |
| 2112505 | ITV plc (United Kingdom) | 2116 |
| 79826 | JCDecaux SA (France)<sup>\*</sup> | 1806 |
| 42613 | MediaSet Espana Comunicacion SA (Spain) | 153 |
| 128320 | Nippon Television Holdings Inc. (Japan) | 1038 |
| 23095 | Schibsted ASA Class A (Norway) | 504 |
| 10366 | Schibsted ASA Class B (Norway) | 217 |
| 79300 | TBS Holdings Inc. (Japan) | 926 |

---

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **MEDIA—Continued** | **MEDIA—Continued** | **MEDIA—Continued** |
| 39409 | Viaplay Group (Sweden)<sup>\*</sup> | $973 |
| 210574 | WPP plc (United Kingdom) | 2460 |
|  |  | 15032 |
| **METALS & MINING—6.3%** | **METALS & MINING—6.3%** | **METALS & MINING—6.3%** |
| 116918 | Acerinox SA (Spain) | 1266 |
| 261696 | African Rainbow Minerals Ltd. (South Africa) | 4291 |
| 27447 | Alleima AB (Sweden)<sup>\*</sup> | 137 |
| 30633 | Anglo American Platinum Ltd. (South Africa) | 2278 |
| 146183 | ArcelorMittal SA (France) | 4535 |
| 305261 | Barrick Gold Corp. (Canada) | 5970 |
| 180917 | BHP Group Ltd. (Australia) | 6336 |
| 91284 | BlueScope Steel Ltd. (Australia) | 1245 |
| 29900 | Dowa Holdings Co. Ltd. (Japan) | 1044 |
| 303932 | Evolution Mining Ltd. (Australia) | 691 |
| 148558 | First Quantum Minerals Ltd. (Canada) | 3447 |
| 26907 | Franco-Nevada Corp. (Canada) | 3947 |
| 1150054 | Glencore plc (United Kingdom)<sup>\*</sup> | 7702 |
| 96857 | Newcrest Mining Ltd. (Australia) | 1539 |
| 19106 | OZ Minerals Ltd. (Australia) | 378 |
| 66529 | Rio Tinto plc (United Kingdom) | 5209 |
| 320373 | Severstal PJSC GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
| 123276 | Southern Copper Corp. (Peru) | 9272 |
| 57800 | Sumitomo Metal Mining Co. Ltd. (Japan) | 2347 |
|  |  | 61634 |
| **MULTILINE RETAIL—0.1%** | **MULTILINE RETAIL—0.1%** | **MULTILINE RETAIL—0.1%** |
| 69500 | Marui Group Co. Ltd. (Japan) | 1184 |
| **OIL, GAS & CONSUMABLE FUELS—4.3%** | **OIL, GAS & CONSUMABLE FUELS—4.3%** | **OIL, GAS & CONSUMABLE FUELS—4.3%** |
| 759360 | Beach Energy Ltd. (Australia) | 816 |
| 2505127 | BP plc (United Kingdom) | 15131 |
| 145056 | Canadian Natural Resources Ltd. (Canada) | 8904 |
| 231029 | Equinor ASA (Norway) | 7041 |
| 192100 | INPEX Corp. (Japan) | 2111 |
| 237179 | PrairieSky Royalty Ltd. (Canada) | 4075 |
| 526093 | Santos Ltd. (Australia) | 2686 |
| 65897 | Woodside Energy Group Ltd. (Australia) | 1706 |
|  |  | 42470 |
| **PAPER & FOREST PRODUCTS—0.2%** | **PAPER & FOREST PRODUCTS—0.2%** | **PAPER & FOREST PRODUCTS—0.2%** |
| 475700 | Oji Holdings Corp. (Japan) | 1966 |
| **PERSONAL PRODUCTS—1.3%** | **PERSONAL PRODUCTS—1.3%** | **PERSONAL PRODUCTS—1.3%** |
| 523917 | Dabur India Ltd. (India) | 3566 |
| 276209 | L'Occitane International SA (Hong Kong) | 768 |
| 570144 | Marico Ltd. (India)<sup>\*</sup> | 3478 |
| 105892 | Unilever plc (United Kingdom) | 5390 |
|  |  | 13202 |
| **PHARMACEUTICALS—2.7%** | **PHARMACEUTICALS—2.7%** | **PHARMACEUTICALS—2.7%** |
| 106514 | Novo Nordisk AS (Denmark) | 14741 |
| 31186 | Roche Holding AG (Switzerland) | 9735 |
| 14600 | Sawai Group Holdings Co. Ltd. (Japan) | 452 |
| 62200 | Tsumura & Co. (Japan) | 1330 |
|  |  | 26258 |
| **PROFESSIONAL SERVICES—2.7%** | **PROFESSIONAL SERVICES—2.7%** | **PROFESSIONAL SERVICES—2.7%** |
| 61328 | Adecco Group AG (Switzerland)<sup>\*</sup> | 2278 |
| 136285 | ALS Ltd. (Australia) | 1264 |
| 105684 | Experian plc (United Kingdom) | 3865 |
| 1676750 | Hays plc (United Kingdom) | 2558 |
| 89786 | Intertek Group plc (United Kingdom) | 4826 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **PROFESSIONAL SERVICES—Continued** | **PROFESSIONAL SERVICES—Continued** | **PROFESSIONAL SERVICES—Continued** |
| 96554 | IPH Ltd. (Australia) | $584 |
| 74400 | Nomura Co. Ltd. (Japan) | 535 |
| 118255 | PageGroup plc (United Kingdom)<sup>\*</sup> | 666 |
| 39400 | Persol Holdings Co. Ltd. (Japan) | 864 |
| 10280 | Randstad NV (Netherlands) | 659 |
| 151265 | RELX plc (United Kingdom) | 4494 |
| 124964 | RWS Holdings plc (United Kingdom) | 581 |
| 22500 | TechnoPro Holdings Inc. (Japan)<sup>\*</sup> | 701 |
| 7997 | Teleperformance (France) | 2223 |
|  |  | 26098 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.6%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.6%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.6%** |
| 158400 | Daiwa House Industry Co. Ltd. (Japan) | 3804 |
| 46176 | Singapore Land Group Ltd (Singapore) | 79 |
| 195500 | Swire Pacific Ltd. (Hong Kong) | 1792 |
|  |  | 5675 |
| **ROAD & RAIL—1.5%** | **ROAD & RAIL—1.5%** | **ROAD & RAIL—1.5%** |
| 78162 | Canadian Pacific Railway Ltd. (Canada) | 6169 |
| 23900 | East Japan Railway Co. (Japan) | 1333 |
| 518574 | Localiza Rent A Car Ltd. (Brazil)<sup>\*</sup> | 6049 |
| 1980 | Localiza Rent A Car SA (Brazil)<sup>\*</sup> | 23 |
| 208739 | National Express Group plc (United Kingdom)<sup>\*</sup> | 344 |
| 105000 | Senko Group Holdings Co. Ltd. (Japan) | 812 |
|  |  | 14730 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.4%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.4%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.4%** |
| 71200 | ASM Pacific Technology Ltd. (Hong Kong) | 588 |
| 13096 | ASML Holding NV (Netherlands) | 8665 |
| 140000 | MediaTek Inc. (Taiwan) | 3383 |
| 200600 | Renesas Electronics Corp. (Japan)<sup>\*</sup> | 2063 |
| 15000 | ROHM Co. Ltd. (Japan) | 1202 |
| 56259 | SK Hynix Inc. (South Korea)<sup>\*</sup> | 4070 |
| 748000 | Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 13200 |
|  |  | 33171 |
| **SOFTWARE—0.9%** | **SOFTWARE—0.9%** | **SOFTWARE—0.9%** |
| 3968 | Constellation Software Inc. (Canada) | 7011 |
| 20600 | Oracle Corp. Japan (Japan) | 1411 |
|  |  | 8422 |
| **SPECIALTY RETAIL—1.2%** | **SPECIALTY RETAIL—1.2%** | **SPECIALTY RETAIL—1.2%** |
| 22200 | ABC-Mart Inc. (Japan) | 1196 |
| 1344700 | Esprit Holdings Ltd. (Hong Kong)<sup>\*</sup> | 143 |
| 252942 | Pets at Home Group plc (United Kingdom) | 1100 |
| 58800 | USS Co. Ltd. (Japan) | 967 |
| 106555 | WH Smith plc (United Kingdom)<sup>\*</sup> | 2104 |
| 1119000 | Zhongsheng Group Holdings Ltd (China) | 6332 |
|  |  | 11842 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.5%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.5%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.5%** |
| 469000 | Advantech Co. Ltd. (Taiwan) | 5363 |
| 23147 | Logitech International SA (Switzerland) | 1354 |
| 18469 | Quadient SA (France) | 326 |
| 155422 | Samsung Electronics Co Ltd. (South Korea) | 7742 |
|  |  | 14785 |
| **TEXTILES, APPAREL & LUXURY GOODS—2.8%** | **TEXTILES, APPAREL & LUXURY GOODS—2.8%** | **TEXTILES, APPAREL & LUXURY GOODS—2.8%** |
| 19006 | Adidas AG (Germany) | 3060 |
| 38920 | Cie Financiere Richemont SA (Switzerland) | 6000 |
| 29783 | EssilorLuxottica SA (France) | 5464 |
| 54595 | Gildan Activewear Inc. (Canada) | 1712 |

---

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TEXTILES, APPAREL & LUXURY GOODS—Continued** | **TEXTILES, APPAREL & LUXURY GOODS—Continued** | **TEXTILES, APPAREL & LUXURY GOODS—Continued** |
| 456500 | Li Ning Co. Ltd. (China) | $4513 |
| 297900 | Samsonite International SA (Hong Kong)<sup>\*,1</sup> | 887 |
| 436800 | Shenzhou International Group Holdings Ltd. (China) | 5501 |
| 491570 | Stella International Holdings Ltd. (Hong Kong) | 496 |
|  |  | 27633 |
| **THRIFTS & MORTGAGE FINANCE—0.7%** | **THRIFTS & MORTGAGE FINANCE—0.7%** | **THRIFTS & MORTGAGE FINANCE—0.7%** |
| 214922 | Housing Development Finance Corp. Ltd. (India) | 6934 |
| **TOBACCO—0.1%** | **TOBACCO—0.1%** | **TOBACCO—0.1%** |
| 13597 | British American Tobacco plc (United Kingdom) | 521 |
| **TRADING COMPANIES & DISTRIBUTORS—1.7%** | **TRADING COMPANIES & DISTRIBUTORS—1.7%** | **TRADING COMPANIES & DISTRIBUTORS—1.7%** |
| 436100 | BOC Aviation Ltd. (China)<sup>1</sup> | 3632 |
| 47285 | Brenntag SE (Germany) | 3530 |
| 107857 | Bunzl plc (United Kingdom) | 3959 |
| 101642 | Finning International Inc. (Canada) | 2867 |
| 61900 | ITOCHU Corp. (Japan) | 2001 |
| 26797 | Rexel SA (France) | 593 |
|  |  | 16582 |
| **TRANSPORTATION INFRASTRUCTURE—0.8%** | **TRANSPORTATION INFRASTRUCTURE—0.8%** | **TRANSPORTATION INFRASTRUCTURE—0.8%** |
| 89795 | Getlink SE (France) | 1519 |
| 321688 | &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV Class B <br> (Mexico)<br>| 5541 |
| 50200 | Mitsubishi Logistics Corp. (Japan) | 1172 |
|  |  | 8232 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **WIRELESS TELECOMMUNICATION SERVICES—0.3%** | **WIRELESS TELECOMMUNICATION SERVICES—0.3%** | **WIRELESS TELECOMMUNICATION SERVICES—0.3%** |
| 40200 | KDDI Corp. (Japan) | $1256 |
| 34971 | Rogers Communications Inc. (Canada) | 1700 |
|  |  | 2956 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $868,539) | &nbsp;&nbsp;&nbsp; (Cost $868,539) | 960108 |
| **PREFERRED STOCKS—0.2%** | **PREFERRED STOCKS—0.2%** | **PREFERRED STOCKS—0.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $2,568)  | &nbsp;&nbsp;&nbsp; (Cost $2,568)  |  |
| **AUTOMOBILES—0.2%** | **AUTOMOBILES—0.2%** | **AUTOMOBILES—0.2%** |
| 15694 | Volkswagen AG (Germany) | 2176 |
| **TOTAL INVESTMENTS—98.2%** | **TOTAL INVESTMENTS—98.2%** | **TOTAL INVESTMENTS—98.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $871,107) | &nbsp;&nbsp;&nbsp; (Cost $871,107) | 962284 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—1.8%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.8%** | 17850 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $980134 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Africa | &nbsp;&nbsp;&nbsp;&nbsp; $— | $29108 | $— | $29108 |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 408441 |  | 408441 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 38961 |
| &nbsp;&nbsp;&nbsp; Middle East/Central Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16689 | &nbsp;&nbsp;&nbsp; 24326 |  | &nbsp;&nbsp;&nbsp; 41015 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp; 100083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | 100083 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11105 | 331395 |  | 342500 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2176 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $166838 | $795446 | $— | $962284 |

---

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.

------

**Harbor Diversified International All Cap Fund** <br>**Portfolio of Investments—Continued**

------

**FAIR VALUE MEASUREMENTS—Continued**

The following is a rollforward of the Fund's Level 3 investments during the period ended January 31, 2023.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Valuation Description** | **Beginning**<br> **Balance**<br> **as of**<br> **11/01/2022**<br> **(000s)**<br>| **Purchases**<br> **(000s)**<br>| **Sales**<br> **(000s)**<br>| **Discount/**<br> **(Premium)**<br> **(000s)**<br>| **Total Realized**<br> **Gain/(Loss)**<br> **(000s)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br> **(000s)**<br>| **Transfers**<br> **Into**<br> **Level 3**<br> **(000s)**<br>| **Transfers**<br> **Out of**<br> **Level 3**<br> **(000s)**<br>| **Ending**<br> **Balance**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>| **Unrealized**<br> **Gain/Loss**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>|
| Common Stocks | $— | $— | $— | $— | $— | $— | $— | $— | $— | $(11174) |

---

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**<br> **as of 01/31/2023**<br> **(000s)**<br>| **Valuation**<br> **Technique**<br>| **Unobservable**<br> **Input(s)**<br>| **Input**<br> **Value(s)**<br>|
| Investments in Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Severstal PJSC GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | Market Approach | Estimated Recovery Value | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; X5 Retail Group NV GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp; — | 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $18,922 or 2% of net assets.<br>|
| 2 | All or a portion of this security was out on loan as of January 31, 2023. The market value of securities on loan and non-cash collateral were $3,081 and $3,269, respectively. |
| 3 | Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific depositary receipts are certificates <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Global Leaders Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—97.5%** | **COMMON STOCKS—97.5%** | **COMMON STOCKS—97.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—3.1%** | **AEROSPACE & DEFENSE—3.1%** | **AEROSPACE & DEFENSE—3.1%** |
| 3056 | TransDigm Group Inc. (United States)<sup>\*</sup> | $2193 |
| **AUTO COMPONENTS—2.3%** | **AUTO COMPONENTS—2.3%** | **AUTO COMPONENTS—2.3%** |
| 14164 | Aptiv plc (United States)<sup>\*</sup> | 1602 |
| **BANKS—3.1%** | **BANKS—3.1%** | **BANKS—3.1%** |
| 31989 | HDFC Bank Ltd. ADR (India)<sup>1</sup> | 2155 |
| **CAPITAL MARKETS—3.9%** | **CAPITAL MARKETS—3.9%** | **CAPITAL MARKETS—3.9%** |
| 179891 | Allfunds Group plc (Netherlands) | 1431 |
| 12234 | Intercontinental Exchange Inc. (United States) | 1316 |
|  |  | 2747 |
| **CHEMICALS—2.3%** | **CHEMICALS—2.3%** | **CHEMICALS—2.3%** |
| 5600 | Sika AG (Switzerland) | 1591 |
| **COMMERCIAL SERVICES & SUPPLIES—2.9%** | **COMMERCIAL SERVICES & SUPPLIES—2.9%** | **COMMERCIAL SERVICES & SUPPLIES—2.9%** |
| 329521 | Rentokil Initial plc (United Kingdom) | 1998 |
| **DIVERSIFIED CONSUMER SERVICES—3.2%** | **DIVERSIFIED CONSUMER SERVICES—3.2%** | **DIVERSIFIED CONSUMER SERVICES—3.2%** |
| 108129 | Chegg Inc. (United States)<sup>\*</sup> | 2245 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.0%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.0%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.0%** |
| 6160 | Keyence Corp. (Japan) | 2836 |
| **ENTERTAINMENT—4.0%** | **ENTERTAINMENT—4.0%** | **ENTERTAINMENT—4.0%** |
| 39648 | Liberty Media Corp. (United Kingdom)<sup>\*</sup> | 2807 |
| **FOOD & STAPLES RETAILING—3.6%** | **FOOD & STAPLES RETAILING—3.6%** | **FOOD & STAPLES RETAILING—3.6%** |
| 43654 | Alimentation Couche-Tard Inc. (Canada) | 1994 |
| 13420 | Zur Rose Group AG (Switzerland)<sup>\*</sup> | 506 |
|  |  | 2500 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—2.5%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.5%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.5%** |
| 8472 | Steris plc (United States) | 1750 |
| **HEALTH CARE PROVIDERS & SERVICES—1.6%** | **HEALTH CARE PROVIDERS & SERVICES—1.6%** | **HEALTH CARE PROVIDERS & SERVICES—1.6%** |
| 2290 | UnitedHealth Group Inc. (United States) | 1143 |
| **INSURANCE—4.5%** | **INSURANCE—4.5%** | **INSURANCE—4.5%** |
| 279300 | AIA Group Ltd. (Hong Kong) | 3158 |
| **INTERNET & DIRECT MARKETING RETAIL—1.5%** | **INTERNET & DIRECT MARKETING RETAIL—1.5%** | **INTERNET & DIRECT MARKETING RETAIL—1.5%** |
| 60472 | Coupang Inc. (South Korea)<sup>\*</sup> | 1021 |
| **IT SERVICES—13.8%** | **IT SERVICES—13.8%** | **IT SERVICES—13.8%** |
| 912 | Adyen NV (Netherlands)<sup>\*,2</sup> | 1379 |
| 46563 | Cloudflare Inc. (United States)<sup>\*</sup> | 2464 |
| 4285 | Globant SA<sup>\*</sup> | 695 |
| 39803 | Shopify Inc. (Canada)<sup>\*</sup> | 1961 |
| 13959 | Visa Inc. (United States) | 3213 |
|  |  | 9712 |
| **LIFE SCIENCES TOOLS & SERVICES—7.7%** | **LIFE SCIENCES TOOLS & SERVICES—7.7%** | **LIFE SCIENCES TOOLS & SERVICES—7.7%** |
| 14472 | Bio-Techne Corp. (United States) | 1153 |
| 10792 | Iqvia Holdings Inc. (United States)<sup>\*</sup> | 2476 |
| 3167 | Lonza Group AG (Switzerland) | 1806 |
|  |  | 5435 |
| **MEDIA—3.7%** | **MEDIA—3.7%** | **MEDIA—3.7%** |
| 6742 | Charter Communications Inc. (United States)<sup>\*</sup> | 2591 |
| **PHARMACEUTICALS—2.2%** | **PHARMACEUTICALS—2.2%** | **PHARMACEUTICALS—2.2%** |
| 9404 | Zoetis Inc. (United States) | 1556 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **PROFESSIONAL SERVICES—5.5%** | **PROFESSIONAL SERVICES—5.5%** | **PROFESSIONAL SERVICES—5.5%** |
| 33766 | CoStar Group Inc. (United States)<sup>\*</sup> | $2630 |
| 37050 | Recruit Holdings Co. Ltd. (Japan) | 1192 |
|  |  | 3822 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.7%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.7%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.7%** |
| 25629 | Entegris Inc. (United States) | 2069 |
| 10960 | Texas Instruments Inc. (United States) | 1942 |
|  |  | 4011 |
| **SOFTWARE—13.4%** | **SOFTWARE—13.4%** | **SOFTWARE—13.4%** |
| 1632 | Constellation Software Inc. (Canada) | 2884 |
| 7058 | Microsoft Corp. (United States) | 1749 |
| 7065 | Roper Technologies Inc. (United States) | 3015 |
| 3821 | ServiceNow Inc. (United States)<sup>\*</sup> | 1739 |
|  |  | 9387 |
| **TRADING COMPANIES & DISTRIBUTORS—3.0%** | **TRADING COMPANIES & DISTRIBUTORS—3.0%** | **TRADING COMPANIES & DISTRIBUTORS—3.0%** |
| 75300 | Monotaro Co. Ltd. (Japan) | 1141 |
| 6557 | Siteone Landscape Supply Inc. (United States)<sup>\*</sup> | 993 |
|  |  | 2134 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $61,403) | &nbsp;&nbsp;&nbsp; (Cost $61,403) | 68394 |
| **TOTAL INVESTMENTS—97.5%** | **TOTAL INVESTMENTS—97.5%** | **TOTAL INVESTMENTS—97.5%** |
| &nbsp;&nbsp;&nbsp; (Cost $61,403) | &nbsp;&nbsp;&nbsp; (Cost $61,403) | 68394 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—2.5%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—2.5%** | 1765 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $70159 |

---

------

**Harbor Global Leaders Fund** <br>**Portfolio of Investments—Continued**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp; $2807 | $8711 | $— | $11518 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp; Middle East/Central Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 2155 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | 44678 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1021 | &nbsp;&nbsp;&nbsp; 8327 |  | &nbsp;&nbsp;&nbsp; 9348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $51356 | $17038 | $— | $68394 |

---

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 <br> 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.<br>|
| 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $1,379 or 2% of net assets.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS—2.5%** | **CONVERTIBLE BONDS—2.5%** | **CONVERTIBLE BONDS—2.5%** |
| **AIRLINES—0.4%** | **AIRLINES—0.4%** | **AIRLINES—0.4%** |
|  | Spirit Airlines Inc. <br>|  |
| $536 | &nbsp;&nbsp;&nbsp; 1.000%—05/15/2026 | $441 |
| 246 | &nbsp;&nbsp;&nbsp; 9.375%—11/30/2029 | 268 |
|  |  | 709 |
| **BIOTECHNOLOGY—0.1%** | **BIOTECHNOLOGY—0.1%** | **BIOTECHNOLOGY—0.1%** |
|  | Exact Sciences Corp. <br>|  |
| 264 | &nbsp;&nbsp;&nbsp; 0.375%—03/15/2027 | 250 |
| **DIVERSIFIED CONSUMER SERVICES—0.1%** | **DIVERSIFIED CONSUMER SERVICES—0.1%** | **DIVERSIFIED CONSUMER SERVICES—0.1%** |
|  | Chegg Inc. <br>|  |
| 221 | &nbsp;&nbsp;&nbsp; 0.125%—03/15/2025 | 195 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** |
|  | Liberty Latin America Ltd. <br>|  |
| 585 | &nbsp;&nbsp;&nbsp; 2.000%—07/15/2024 | 539 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.1%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.1%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.1%** |
|  | Redfin Corp. <br>|  |
| 433 | &nbsp;&nbsp;&nbsp; 0.500%—04/01/2027 | 222 |
| **HEALTH CARE TECHNOLOGY—0.0%** | **HEALTH CARE TECHNOLOGY—0.0%** | **HEALTH CARE TECHNOLOGY—0.0%** |
|  | Livongo Health Inc. <br>|  |
| 68 | &nbsp;&nbsp;&nbsp; 0.875%—06/01/2025 | 61 |
| **HOTELS, RESTAURANTS & LEISURE—0.1%** | **HOTELS, RESTAURANTS & LEISURE—0.1%** | **HOTELS, RESTAURANTS & LEISURE—0.1%** |
|  | DraftKings Inc. <br>|  |
| 315 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2028<sup>1</sup> | 217 |
| **IT SERVICES—0.3%** | **IT SERVICES—0.3%** | **IT SERVICES—0.3%** |
|  | Block Inc. <br>|  |
| 215 | &nbsp;&nbsp;&nbsp; 0.125%—03/01/2025 | 219 |
| 271 | &nbsp;&nbsp;&nbsp; 0.250%—11/01/2027 | 219 |
|  |  | 438 |
|  | Okta Inc. <br>|  |
| 247 | &nbsp;&nbsp;&nbsp; 0.375%—06/15/2026 | 211 |
|  |  | 649 |
| **LEISURE PRODUCTS—0.3%** | **LEISURE PRODUCTS—0.3%** | **LEISURE PRODUCTS—0.3%** |
|  | Peloton Interactive Inc. <br>|  |
| 716 | &nbsp;&nbsp;&nbsp; 0.000%—02/15/2026<sup>1</sup> | 555 |
| **MEDIA—0.2%** | **MEDIA—0.2%** | **MEDIA—0.2%** |
|  | Dish Network Corp. <br>|  |
| 322 | &nbsp;&nbsp;&nbsp; 2.375%—03/15/2024 | 300 |
| **SOFTWARE—0.5%** | **SOFTWARE—0.5%** | **SOFTWARE—0.5%** |
|  | Bentley Systems Inc. <br>|  |
| 252 | &nbsp;&nbsp;&nbsp; 0.375%—07/01/2027 | 212 |
|  | Blackline Inc. <br>|  |
| 243 | &nbsp;&nbsp;&nbsp; 0.000%—03/15/2026<sup>1</sup> | 212 |
|  | DigitalOcean Holdings Inc. <br>|  |
| 280 | &nbsp;&nbsp;&nbsp; 0.000%—12/01/2026<sup>1</sup> | 216 |
|  | Splunk Inc. <br>|  |
| 276 | &nbsp;&nbsp;&nbsp; 1.125%—06/15/2027 | 239 |
|  |  | 879 |
| **SPECIALTY RETAIL—0.1%** | **SPECIALTY RETAIL—0.1%** | **SPECIALTY RETAIL—0.1%** |
|  | Liberty Interactive LLC <br>|  |
| 789 | &nbsp;&nbsp;&nbsp; 3.750%—02/15/2030 | 272 |
| **TOTAL CONVERTIBLE BONDS** | **TOTAL CONVERTIBLE BONDS** | **TOTAL CONVERTIBLE BONDS** |
| &nbsp;&nbsp;&nbsp; (Cost $5,312) | &nbsp;&nbsp;&nbsp; (Cost $5,312) | 4848 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—75.9%** | **CORPORATE BONDS & NOTES—75.9%** | **CORPORATE BONDS & NOTES—75.9%** |
| **AEROSPACE & DEFENSE—1.8%** | **AEROSPACE & DEFENSE—1.8%** | **AEROSPACE & DEFENSE—1.8%** |
|  | TransDigm Inc. <br>|  |
| $841 | &nbsp;&nbsp;&nbsp; 6.250%—03/15/2026<sup>2</sup> | $842 |
| 998 | &nbsp;&nbsp;&nbsp; 6.375%—06/15/2026 | 987 |
| 479 | &nbsp;&nbsp;&nbsp; 8.000%—12/15/2025<sup>2</sup> | 489 |
|  |  | 2318 |
|  | TransDigm UK Holdings plc <br>|  |
| 607 | &nbsp;&nbsp;&nbsp; 6.875%—05/15/2026 | 602 |
|  | Triumph Group Inc. <br>|  |
| 675 | &nbsp;&nbsp;&nbsp; 8.875%—06/01/2024<sup>2</sup> | 686 |
|  |  | 3606 |
| **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** |
|  | GXO Logistics Inc. <br>|  |
| 337 | &nbsp;&nbsp;&nbsp; 2.650%—07/15/2031 | 265 |
| **AUTO COMPONENTS—2.1%** | **AUTO COMPONENTS—2.1%** | **AUTO COMPONENTS—2.1%** |
|  | Allison Transmission Inc. <br>|  |
| 487 | &nbsp;&nbsp;&nbsp; 3.750%—01/30/2031<sup>2</sup> | 413 |
|  | American Axle & Manufacturing Inc. <br>|  |
| 389 | &nbsp;&nbsp;&nbsp; 5.000%—10/01/2029 | 321 |
|  | Clarios Global LP / Clarios US Finance Co. <br>|  |
| 669 | &nbsp;&nbsp;&nbsp; 8.500%—05/15/2027<sup>2</sup> | 667 |
|  | Dana Financing Luxembourg Sarl <br>|  |
| 860 | &nbsp;&nbsp;&nbsp; 5.750%—04/15/2025<sup>2</sup> | 852 |
|  | Goodyear Tire & Rubber Co. <br>|  |
| 839 | &nbsp;&nbsp;&nbsp; 5.000%—05/31/2026-07/15/2029 | 770 |
| 496 | &nbsp;&nbsp;&nbsp; 9.500%—05/31/2025 | 512 |
|  |  | 1282 |
|  | ZF North America Capital Inc. <br>|  |
| 648 | &nbsp;&nbsp;&nbsp; 4.750%—04/29/2025<sup>2</sup> | 626 |
|  |  | 4161 |
| **AUTOMOBILES—3.8%** | **AUTOMOBILES—3.8%** | **AUTOMOBILES—3.8%** |
|  | Ford Motor Co. <br>|  |
| 522 | &nbsp;&nbsp;&nbsp; 4.750%—01/15/2043 | 408 |
| 1043 | &nbsp;&nbsp;&nbsp; 9.625%—04/22/2030 | 1229 |
|  |  | 1637 |
|  | Ford Motor Credit Co. LLC <br>|  |
| 486 | &nbsp;&nbsp;&nbsp; 3.625%—06/17/2031 | 405 |
| 876 | &nbsp;&nbsp;&nbsp; 4.125%—08/17/2027 | 809 |
| 2500 | &nbsp;&nbsp;&nbsp; 4.375%—08/06/2023 | 2487 |
| 450 | &nbsp;&nbsp;&nbsp; 4.950%—05/28/2027 | 430 |
|  |  | 4131 |
|  | Jaguar Land Rover Automotive plc <br>|  |
| 500 | &nbsp;&nbsp;&nbsp; 5.625%—02/01/2023<sup>2</sup> | 500 |
| 476 | &nbsp;&nbsp;&nbsp; 5.875%—01/15/2028<sup>2</sup> | 406 |
| 352 | &nbsp;&nbsp;&nbsp; 7.750%—10/15/2025<sup>2</sup> | 347 |
|  |  | 1253 |
|  | THOR Industries Inc. <br>|  |
| 471 | &nbsp;&nbsp;&nbsp; 4.000%—10/15/2029<sup>2</sup> | 392 |
|  |  | 7413 |
| **BEVERAGES—0.2%** | **BEVERAGES—0.2%** | **BEVERAGES—0.2%** |
|  | Triton Water Holdings Inc. <br>|  |
| 394 | &nbsp;&nbsp;&nbsp; 6.250%—04/01/2029<sup>2</sup> | 313 |
| **BUILDING PRODUCTS—0.5%** | **BUILDING PRODUCTS—0.5%** | **BUILDING PRODUCTS—0.5%** |
|  | Eco Material Technologies Inc. <br>|  |
| 563 | &nbsp;&nbsp;&nbsp; 7.875%—01/31/2027<sup>2</sup> | 542 |
|  | Standard Industries Inc. <br>|  |
| 533 | &nbsp;&nbsp;&nbsp; 3.375%—01/15/2031<sup>2</sup> | 424 |
|  |  | 966 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **CAPITAL MARKETS—0.7%** | **CAPITAL MARKETS—0.7%** | **CAPITAL MARKETS—0.7%** |
|  | Global Infrastructure Solutions Inc. <br>|  |
| $251 | &nbsp;&nbsp;&nbsp; 7.500%—04/15/2032<sup>2</sup> | $214 |
|  | GrafTech Finance Inc. <br>|  |
| 448 | &nbsp;&nbsp;&nbsp; 4.625%—12/15/2028<sup>2</sup> | 382 |
|  | Metis Merger Sub LLC <br>|  |
| 506 | &nbsp;&nbsp;&nbsp; 6.500%—05/15/2029<sup>2</sup> | 432 |
|  | RP Escrow Issuer LLC <br>|  |
| 422 | &nbsp;&nbsp;&nbsp; 5.250%—12/15/2025<sup>2</sup> | 345 |
|  |  | 1373 |
| **CHEMICALS—2.0%** | **CHEMICALS—2.0%** | **CHEMICALS—2.0%** |
|  | Avient Corp. <br>|  |
| 456 | &nbsp;&nbsp;&nbsp; 5.750%—05/15/2025<sup>2</sup> | 452 |
| 111 | &nbsp;&nbsp;&nbsp; 7.125%—08/01/2030<sup>2</sup> | 112 |
|  |  | 564 |
|  | Celanese US Holdings LLC <br>|  |
| 343 | &nbsp;&nbsp;&nbsp; 6.379%—07/15/2032 | 346 |
|  | Consolidated Energy Finance SA <br>|  |
| 371 | &nbsp;&nbsp;&nbsp; 5.625%—10/15/2028<sup>2</sup> | 323 |
|  | Illuminate Buyer LLC / Illuminate Holdings IV Inc. <br>|  |
| 387 | &nbsp;&nbsp;&nbsp; 9.000%—07/01/2028<sup>2</sup> | 346 |
|  | Ineos Quattro Finance 2 plc <br>|  |
| 384 | &nbsp;&nbsp;&nbsp; 3.375%—01/15/2026<sup>2</sup> | 353 |
|  | Methanex Corp. <br>|  |
| 456 | &nbsp;&nbsp;&nbsp; 5.125%—10/15/2027 | 435 |
|  | Olympus Water US Holding Corp <br>|  |
| 358 | &nbsp;&nbsp;&nbsp; 7.125%—10/01/2027<sup>2</sup> | 351 |
|  | SCIL IV LLC / SCIL USA Holdings LLC <br>|  |
| 200 | &nbsp;&nbsp;&nbsp; 5.375%—11/01/2026<sup>2</sup> | 184 |
|  | &nbsp;&nbsp;&nbsp; Trinseo Materials Operating SCA / Trinseo Materials <br> Finance Inc. <br>|  |
| 355 | &nbsp;&nbsp;&nbsp; 5.375%—09/01/2025<sup>2</sup> | 311 |
|  | Tronox Inc. <br>|  |
| 239 | &nbsp;&nbsp;&nbsp; 4.625%—03/15/2029<sup>2</sup> | 205 |
|  | Vibrantz Technologies Inc. <br>|  |
| 700 | &nbsp;&nbsp;&nbsp; 9.000%—02/15/2030<sup>2</sup> | 540 |
|  |  | 3958 |
| **COMMERCIAL SERVICES & SUPPLIES—1.1%** | **COMMERCIAL SERVICES & SUPPLIES—1.1%** | **COMMERCIAL SERVICES & SUPPLIES—1.1%** |
|  | &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC / Allied Universal <br> Finance Corp. <br>|  |
| 353 | &nbsp;&nbsp;&nbsp; 6.625%—07/15/2026<sup>2</sup> | 340 |
|  | Garda World Security Corp. <br>|  |
| 336 | &nbsp;&nbsp;&nbsp; 9.500%—11/01/2027<sup>2</sup> | 332 |
|  | GFL Environmental Inc. <br>|  |
| 484 | &nbsp;&nbsp;&nbsp; 4.375%—08/15/2029<sup>2</sup> | 430 |
| 451 | &nbsp;&nbsp;&nbsp; 4.750%—06/15/2029<sup>2</sup> | 408 |
|  |  | 838 |
|  | Stericycle Inc. <br>|  |
| 639 | &nbsp;&nbsp;&nbsp; 5.375%—07/15/2024<sup>2</sup> | 634 |
|  |  | 2144 |
| **COMMUNICATIONS EQUIPMENT—0.3%** | **COMMUNICATIONS EQUIPMENT—0.3%** | **COMMUNICATIONS EQUIPMENT—0.3%** |
|  | CommScope Inc. <br>|  |
| 502 | &nbsp;&nbsp;&nbsp; 6.000%—03/01/2026<sup>2</sup> | 481 |
| **CONSTRUCTION & ENGINEERING—0.5%** | **CONSTRUCTION & ENGINEERING—0.5%** | **CONSTRUCTION & ENGINEERING—0.5%** |
|  | Picasso Finance Sub Inc. <br>|  |
| 728 | &nbsp;&nbsp;&nbsp; 6.125%—06/15/2025<sup>2</sup> | 733 |
|  | Pike Corp. <br>|  |
| 204 | &nbsp;&nbsp;&nbsp; 5.500%—09/01/2028<sup>2</sup> | 180 |
|  |  | 913 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **CONSUMER FINANCE—1.5%** | **CONSUMER FINANCE—1.5%** | **CONSUMER FINANCE—1.5%** |
|  | Ally Financial Inc. <br>|  |
| $241 | &nbsp;&nbsp;&nbsp; 8.000%—11/01/2031 | $266 |
|  | Cobra AcquisitionCo LLC <br>|  |
| 491 | &nbsp;&nbsp;&nbsp; 6.375%—11/01/2029<sup>2</sup> | 300 |
|  | Navient Corp. <br>|  |
| 182 | &nbsp;&nbsp;&nbsp; 5.875%—10/25/2024 | 180 |
| 803 | &nbsp;&nbsp;&nbsp; 6.750%—06/25/2025 | 802 |
| 377 | &nbsp;&nbsp;&nbsp; 7.250%—09/25/2023 | 382 |
|  |  | 1364 |
|  | Navient Corp. MTN<sup>3</sup> <br>|  |
| 299 | &nbsp;&nbsp;&nbsp; 5.625%—08/01/2033 | 232 |
|  | OneMain Finance Corp. <br>|  |
| 798 | &nbsp;&nbsp;&nbsp; 6.125%—03/15/2024 | 792 |
|  |  | 2954 |
| **CONTAINERS & PACKAGING—1.0%** | **CONTAINERS & PACKAGING—1.0%** | **CONTAINERS & PACKAGING—1.0%** |
|  | ARD Finance SA <br>|  |
|  | &nbsp;&nbsp;&nbsp; 6.500%—06/30/2027<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | Ardagh Metal Packaging Finance PLC <br>|  |
| 812 | &nbsp;&nbsp;&nbsp; 5.250%—04/30/2025<sup>2</sup> | 795 |
| 420 | &nbsp;&nbsp;&nbsp; 6.000%—06/15/2027<sup>2</sup> | 420 |
|  |  | 1215 |
|  | Ball Corp. <br>|  |
| 283 | &nbsp;&nbsp;&nbsp; 6.875%—03/15/2028 | 292 |
|  | Mauser Packaging Solutions Holding Co. <br>|  |
| 534 | &nbsp;&nbsp;&nbsp; 7.250%—04/15/2025<sup>2</sup> | 522 |
|  |  | 2029 |
| **DIVERSIFIED FINANCIAL SERVICES—0.0%** | **DIVERSIFIED FINANCIAL SERVICES—0.0%** | **DIVERSIFIED FINANCIAL SERVICES—0.0%** |
|  | AG TTMT Escrow Issuer LLC <br>|  |
| 33 | &nbsp;&nbsp;&nbsp; 8.625%—09/30/2027<sup>2</sup> | 34 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—1.6%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.6%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.6%** |
|  | Cablevision Lightpath LLC <br>|  |
| 200 | &nbsp;&nbsp;&nbsp; 5.625%—09/15/2028<sup>2</sup> | 154 |
|  | Connect Finco Sarl / Connect US Finco LLC <br>|  |
| 613 | &nbsp;&nbsp;&nbsp; 6.750%—10/01/2026<sup>2</sup> | 587 |
|  | Frontier Communications Holdings LLC <br>|  |
| 328 | &nbsp;&nbsp;&nbsp; 8.750%—05/15/2030<sup>2</sup> | 340 |
|  | Iliad Holding SAS <br>|  |
| 452 | &nbsp;&nbsp;&nbsp; 6.500%—10/15/2026<sup>2</sup> | 429 |
|  | Lumen Technologies Inc. <br>|  |
| 223 | &nbsp;&nbsp;&nbsp; 4.000%—02/15/2027<sup>2</sup> | 188 |
|  | &nbsp;&nbsp;&nbsp; Northwest Fiber LLC / Northwest Fiber Finance Sub <br> Inc. <br>|  |
| 352 | &nbsp;&nbsp;&nbsp; 4.750%—04/30/2027<sup>2</sup> | 320 |
|  | Telecom Italia Capital SA <br>|  |
| 224 | &nbsp;&nbsp;&nbsp; 6.000%—09/30/2034 | 180 |
|  | Time Warner Cable LLC <br>|  |
| 160 | &nbsp;&nbsp;&nbsp; 7.300%—07/01/2038 | 172 |
|  | Zayo Group Holdings Inc. <br>|  |
| 440 | &nbsp;&nbsp;&nbsp; 4.000%—03/01/2027<sup>2</sup> | 350 |
|  | Ziggo Bond Co. BV <br>|  |
| 465 | &nbsp;&nbsp;&nbsp; 6.000%—01/15/2027<sup>2</sup> | 440 |
|  |  | 3160 |
| **ELECTRIC UTILITIES—0.8%** | **ELECTRIC UTILITIES—0.8%** | **ELECTRIC UTILITIES—0.8%** |
|  | NRG Energy Inc. <br>|  |
| 1126 | &nbsp;&nbsp;&nbsp; 3.875%—02/15/2032<sup>2</sup> | 878 |
| 389 | &nbsp;&nbsp;&nbsp; 5.250%—06/15/2029<sup>2</sup> | 352 |
| 259 | &nbsp;&nbsp;&nbsp; 6.625%—01/15/2027 | 258 |
|  |  | 1488 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **ELECTRICAL EQUIPMENT—0.2%** | **ELECTRICAL EQUIPMENT—0.2%** | **ELECTRICAL EQUIPMENT—0.2%** |
|  | Sensata Technologies Inc. <br>|  |
| $408 | &nbsp;&nbsp;&nbsp; 4.375%—02/15/2030<sup>2</sup> | $370 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.3%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.3%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.3%** |
|  | CDW LLC/CDW Finance Co. <br>|  |
| 675 | &nbsp;&nbsp;&nbsp; 4.125%—05/01/2025 | 654 |
| **ENERGY EQUIPMENT & SERVICES—1.1%** | **ENERGY EQUIPMENT & SERVICES—1.1%** | **ENERGY EQUIPMENT & SERVICES—1.1%** |
|  | &nbsp;&nbsp;&nbsp; Archrock Partners LP / Archrock Partners Finance <br> Corp. <br>|  |
| 364 | &nbsp;&nbsp;&nbsp; 6.250%—04/01/2028<sup>2</sup> | 346 |
|  | Centennial Resource Production LLC <br>|  |
| 695 | &nbsp;&nbsp;&nbsp; 6.875%—04/01/2027<sup>2</sup> | 682 |
|  | Enerflex Ltd. <br>|  |
| 330 | &nbsp;&nbsp;&nbsp; 9.000%—10/15/2027<sup>2</sup> | 336 |
|  | Nabors Industries Inc. <br>|  |
| 354 | &nbsp;&nbsp;&nbsp; 7.375%—05/15/2027<sup>2</sup> | 355 |
|  | Nabors Industries Ltd. <br>|  |
| 164 | &nbsp;&nbsp;&nbsp; 7.500%—01/15/2028<sup>2</sup> | 157 |
|  | Weatherford International Ltd. <br>|  |
| 225 | &nbsp;&nbsp;&nbsp; 6.500%—09/15/2028<sup>2</sup> | 224 |
|  |  | 2100 |
| **ENTERTAINMENT—1.4%** | **ENTERTAINMENT—1.4%** | **ENTERTAINMENT—1.4%** |
|  | Lions Gate Capital Holdings LLC <br>|  |
| 720 | &nbsp;&nbsp;&nbsp; 5.500%—04/15/2029<sup>2</sup> | 469 |
|  | Live Nation Entertainment Inc. <br>|  |
| 700 | &nbsp;&nbsp;&nbsp; 4.875%—11/01/2024<sup>2</sup> | 680 |
| 431 | &nbsp;&nbsp;&nbsp; 5.625%—03/15/2026<sup>2</sup> | 419 |
| 155 | &nbsp;&nbsp;&nbsp; 6.500%—05/15/2027<sup>2</sup> | 156 |
|  |  | 1255 |
|  | Playtika Holding Corp. <br>|  |
| 1280 | &nbsp;&nbsp;&nbsp; 4.250%—03/15/2029<sup>2</sup> | 1065 |
|  |  | 2789 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—5.3%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—5.3%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—5.3%** |
|  | &nbsp;&nbsp;&nbsp; American Finance Trust Inc. / American Finance <br> Operating Partner LP <br>|  |
| 439 | &nbsp;&nbsp;&nbsp; 4.500%—09/30/2028<sup>2</sup> | 334 |
|  | &nbsp;&nbsp;&nbsp; Global NET Lease Inc. / Global NET Lease Operating <br> Partnership LP <br>|  |
| 542 | &nbsp;&nbsp;&nbsp; 3.750%—12/15/2027<sup>2</sup> | 459 |
|  | Iron Mountain Inc. <br>|  |
| 867 | &nbsp;&nbsp;&nbsp; 5.000%—07/15/2032<sup>2</sup> | 753 |
| 700 | &nbsp;&nbsp;&nbsp; 5.625%—07/15/2032<sup>2</sup> | 631 |
|  |  | 1384 |
|  | Kennedy-Wilson Inc. <br>|  |
| 414 | &nbsp;&nbsp;&nbsp; 4.750%—02/01/2030 | 340 |
|  | MPT Operating Partnership LP / MPT Finance Corp. <br>|  |
| 1181 | &nbsp;&nbsp;&nbsp; 3.500%—03/15/2031 | 828 |
|  | RLJ Lodging Trust LP <br>|  |
| 466 | &nbsp;&nbsp;&nbsp; 3.750%—07/01/2026<sup>2</sup> | 426 |
|  | SBA Communications Corp. <br>|  |
| 522 | &nbsp;&nbsp;&nbsp; 3.125%—02/01/2029 | 443 |
|  | Service Properties Trust <br>|  |
| 446 | &nbsp;&nbsp;&nbsp; 3.950%—01/15/2028 | 341 |
| 629 | &nbsp;&nbsp;&nbsp; 4.350%—10/01/2024 | 594 |
| 2000 | &nbsp;&nbsp;&nbsp; 4.500%—06/15/2023 | 1987 |
|  |  | 2922 |
|  | &nbsp;&nbsp;&nbsp; Uniti Group LP / Uniti Fiber Holdings Inc. / CSL <br> Capital LLC <br>|  |
| 768 | &nbsp;&nbsp;&nbsp; 7.875%—02/15/2025<sup>2</sup> | 759 |
|  | VICI Properties LP / VICI Note Co Inc. <br>|  |
| 645 | &nbsp;&nbsp;&nbsp; 3.500%—02/15/2025<sup>2</sup> | 614 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—Continued** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—Continued** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—Continued** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—Continued** |
| $| 1249 | &nbsp;&nbsp;&nbsp; 5.625%—05/01/2024 | $1248 |
|  | 566 | &nbsp;&nbsp;&nbsp; 5.750%—02/01/2027<sup>2</sup> | 564 |
|  |  |  | 2426 |
|  |  |  | 10321 |
| **FOOD & STAPLES RETAILING—1.6%** | **FOOD & STAPLES RETAILING—1.6%** | **FOOD & STAPLES RETAILING—1.6%** | **FOOD & STAPLES RETAILING—1.6%** |
|  |  | &nbsp;&nbsp;&nbsp; Albertsons Cos. Inc. / Safeway Inc. / New Albertsons <br> LP / Albertsons LLC <br>|  |
|  | 405 | &nbsp;&nbsp;&nbsp; 3.500%—03/15/2029<sup>2</sup> | 350 |
|  | 482 | &nbsp;&nbsp;&nbsp; 4.625%—01/15/2027<sup>2</sup> | 458 |
|  | 164 | &nbsp;&nbsp;&nbsp; 5.875%—02/15/2028<sup>2</sup> | 160 |
|  | 1224 | &nbsp;&nbsp;&nbsp; 7.500%—03/15/2026<sup>2</sup> | 1257 |
|  |  |  | 2225 |
|  |  | US Foods Inc. <br>|  |
|  | 813 | &nbsp;&nbsp;&nbsp; 6.250%—04/15/2025<sup>2</sup> | 815 |
|  |  |  | 3040 |
| **FOOD PRODUCTS—0.3%** | **FOOD PRODUCTS—0.3%** | **FOOD PRODUCTS—0.3%** | **FOOD PRODUCTS—0.3%** |
|  |  | B&G Foods Inc. <br>|  |
|  | 373 | &nbsp;&nbsp;&nbsp; 5.250%—04/01/2025 | 340 |
|  |  | Post Holdings Inc. <br>|  |
|  | 361 | &nbsp;&nbsp;&nbsp; 4.625%—04/15/2030<sup>2</sup> | 318 |
|  |  |  | 658 |
| **GAS UTILITIES—0.6%** | **GAS UTILITIES—0.6%** | **GAS UTILITIES—0.6%** | **GAS UTILITIES—0.6%** |
|  |  | AmeriGas Partners LP / AmeriGas Finance Corp. <br>|  |
|  | 932 | &nbsp;&nbsp;&nbsp; 5.625%—05/20/2024 | 919 |
|  | 363 | &nbsp;&nbsp;&nbsp; 5.750%—05/20/2027 | 343 |
|  |  |  | 1262 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—0.3%** | **HEALTH CARE EQUIPMENT & SUPPLIES—0.3%** | **HEALTH CARE EQUIPMENT & SUPPLIES—0.3%** | **HEALTH CARE EQUIPMENT & SUPPLIES—0.3%** |
|  |  | Garden Spinco Corp. <br>|  |
|  | 264 | &nbsp;&nbsp;&nbsp; 8.625%—07/20/2030<sup>2</sup> | 283 |
|  |  | Teleflex Inc. <br>|  |
|  | 287 | &nbsp;&nbsp;&nbsp; 4.250%—06/01/2028<sup>2</sup> | 265 |
|  |  |  | 548 |
| **HEALTH CARE PROVIDERS & SERVICES—5.7%** | **HEALTH CARE PROVIDERS & SERVICES—5.7%** | **HEALTH CARE PROVIDERS & SERVICES—5.7%** | **HEALTH CARE PROVIDERS & SERVICES—5.7%** |
|  |  | Catalent Pharma Solutions Inc. <br>|  |
|  | 350 | &nbsp;&nbsp;&nbsp; 5.000%—07/15/2027<sup>2</sup> | 331 |
|  |  | Centene Corp. <br>|  |
|  | 980 | &nbsp;&nbsp;&nbsp; 2.450%—07/15/2028 | 850 |
|  |  | DaVita Inc. <br>|  |
|  | 336 | &nbsp;&nbsp;&nbsp; 3.750%—02/15/2031<sup>2</sup> | 262 |
|  |  | Encompass Health Corp. <br>|  |
|  | 199 | &nbsp;&nbsp;&nbsp; 4.625%—04/01/2031 | 175 |
|  |  | Global Medical Response Inc. <br>|  |
|  | 863 | &nbsp;&nbsp;&nbsp; 6.500%—10/01/2025<sup>2</sup> | 608 |
|  |  | HCA Inc. <br>|  |
|  | 1424 | &nbsp;&nbsp;&nbsp; 7.690%—06/15/2025 | 1496 |
|  | 714 | &nbsp;&nbsp;&nbsp; 8.360%—04/15/2024 | 735 |
|  |  |  | 2231 |
|  |  | HCA Inc. MTN<sup>3</sup> <br>|  |
|  | 988 | &nbsp;&nbsp;&nbsp; 7.580%—09/15/2025 | 1028 |
|  |  | Legacy LifePoint Health LLC <br>|  |
|  | 335 | &nbsp;&nbsp;&nbsp; 4.375%—02/15/2027<sup>2</sup> | 294 |
|  | 777 | &nbsp;&nbsp;&nbsp; 5.375%—01/15/2029<sup>2</sup> | 520 |
|  | 421 | &nbsp;&nbsp;&nbsp; 6.750%—04/15/2025<sup>2</sup> | 411 |
|  |  |  | 1225 |
|  |  | Molina Healthcare Inc. <br>|  |
|  | 768 | &nbsp;&nbsp;&nbsp; 3.875%—11/15/2030-05/15/2032<sup>2</sup> | 653 |
|  |  | &nbsp;&nbsp;&nbsp; RegionalCare Hospital Partners Holdings Inc. / <br> LifePoint Health Inc. <br>|  |
|  | 848 | &nbsp;&nbsp;&nbsp; 9.750%—12/01/2026<sup>2</sup> | 745 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **HEALTH CARE PROVIDERS & SERVICES—Continued** | **HEALTH CARE PROVIDERS & SERVICES—Continued** | **HEALTH CARE PROVIDERS & SERVICES—Continued** | **HEALTH CARE PROVIDERS & SERVICES—Continued** |
|  |  | Surgery Center Holdings Inc. <br>|  |
| $| 1382 | &nbsp;&nbsp;&nbsp; 10.000%—04/15/2027<sup>2</sup> | $1412 |
|  |  | Tenet Healthcare Corp. <br>|  |
|  | 1313 | &nbsp;&nbsp;&nbsp; 6.250%—02/01/2027 | 1289 |
|  | 348 | &nbsp;&nbsp;&nbsp; 6.875%—11/15/2031 | 321 |
|  |  |  | 1610 |
|  |  |  | 11130 |
| **HOTELS, RESTAURANTS & LEISURE—6.5%** | **HOTELS, RESTAURANTS & LEISURE—6.5%** | **HOTELS, RESTAURANTS & LEISURE—6.5%** | **HOTELS, RESTAURANTS & LEISURE—6.5%** |
|  |  | Aramark Services Inc. <br>|  |
|  | 744 | &nbsp;&nbsp;&nbsp; 6.375%—05/01/2025<sup>2</sup> | 745 |
|  |  | Caesars Entertainment Inc. <br>|  |
|  | 1215 | &nbsp;&nbsp;&nbsp; 6.250%—07/01/2025<sup>2</sup> | 1212 |
|  | 492 | &nbsp;&nbsp;&nbsp; 8.125%—07/01/2027<sup>2</sup> | 500 |
|  |  |  | 1712 |
|  |  | Caesars Resort Collection LLC <br>|  |
|  | 1028 | &nbsp;&nbsp;&nbsp; 5.750%—07/01/2025<sup>2</sup> | 1030 |
|  |  | &nbsp;&nbsp;&nbsp; Cedar Fair LP / Canada's Wonderland Co. / Magnum <br> Management Corp. / Millennium Op <br>|  |
|  | 1100 | &nbsp;&nbsp;&nbsp; 5.500%—05/01/2025<sup>2</sup> | 1093 |
|  |  | International Game Technology plc <br>|  |
|  | 587 | &nbsp;&nbsp;&nbsp; 4.125%—04/15/2026<sup>2</sup> | 557 |
|  | 258 | &nbsp;&nbsp;&nbsp; 6.250%—01/15/2027<sup>2</sup> | 258 |
|  |  |  | 815 |
|  |  | IRB Holding Corp. <br>|  |
|  | 389 | &nbsp;&nbsp;&nbsp; 7.000%—06/15/2025<sup>2</sup> | 391 |
|  |  | Marriott Ownership Resorts Inc. <br>|  |
|  | 340 | &nbsp;&nbsp;&nbsp; 4.750%—01/15/2028 | 307 |
|  |  | MGM Resorts International <br>|  |
|  | 685 | &nbsp;&nbsp;&nbsp; 4.625%—09/01/2026 | 646 |
|  | 549 | &nbsp;&nbsp;&nbsp; 5.750%—06/15/2025 | 543 |
|  | 843 | &nbsp;&nbsp;&nbsp; 6.750%—05/01/2025 | 850 |
|  |  |  | 2039 |
|  |  | NCL Corp. Ltd. <br>|  |
|  | 365 | &nbsp;&nbsp;&nbsp; 5.875%—02/15/2027<sup>2</sup> | 340 |
|  |  | &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC / PK Domestic <br> Property LLC / PK Finance Co-Issuer <br>|  |
|  | 874 | &nbsp;&nbsp;&nbsp; 7.500%—06/01/2025<sup>2</sup> | 887 |
|  |  | &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC / Premier <br> Entertainment Finance Corp. <br>|  |
|  | 494 | &nbsp;&nbsp;&nbsp; 5.875%—09/01/2031<sup>2</sup> | 345 |
|  |  | Royal Caribbean Cruises Ltd. <br>|  |
|  | 385 | &nbsp;&nbsp;&nbsp; 8.250%—01/15/2029<sup>2</sup> | 403 |
|  | 429 | &nbsp;&nbsp;&nbsp; 11.500%—06/01/2025<sup>2</sup> | 461 |
|  | 263 | &nbsp;&nbsp;&nbsp; 11.625%—08/15/2027<sup>2</sup> | 279 |
|  |  |  | 1143 |
|  |  | Scientific Games International Inc. <br>|  |
|  | 603 | &nbsp;&nbsp;&nbsp; 7.000%—05/15/2028<sup>2</sup> | 598 |
|  | 813 | &nbsp;&nbsp;&nbsp; 8.625%—07/01/2025<sup>2</sup> | 829 |
|  |  |  | 1427 |
|  |  | Travel + Leisure Co. <br>|  |
|  | 517 | &nbsp;&nbsp;&nbsp; 6.625%—07/31/2026<sup>2</sup> | 514 |
|  |  |  | 12788 |
| **HOUSEHOLD DURABLES—0.2%** | **HOUSEHOLD DURABLES—0.2%** | **HOUSEHOLD DURABLES—0.2%** | **HOUSEHOLD DURABLES—0.2%** |
|  |  | LGI Homes Inc. <br>|  |
|  | 565 | &nbsp;&nbsp;&nbsp; 4.000%—07/15/2029<sup>2</sup> | 458 |
| **HOUSEHOLD PRODUCTS—0.4%** | **HOUSEHOLD PRODUCTS—0.4%** | **HOUSEHOLD PRODUCTS—0.4%** | **HOUSEHOLD PRODUCTS—0.4%** |
|  |  | PetSmart Inc. / PetSmart Finance Corp. <br>|  |
|  | 514 | &nbsp;&nbsp;&nbsp; 4.750%—02/15/2028<sup>2</sup> | 476 |
|  | 250 | &nbsp;&nbsp;&nbsp; 7.750%—02/15/2029<sup>2</sup> | 246 |
|  |  |  | 722 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.8%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.8%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—0.8%** |
|  | Transalta Corp. <br>|  |
| $369 | &nbsp;&nbsp;&nbsp; 7.750%—11/15/2029 | $380 |
|  | Vistra Operations Co. LLC <br>|  |
| 752 | &nbsp;&nbsp;&nbsp; 4.375%—05/01/2029<sup>2</sup> | 662 |
| 466 | &nbsp;&nbsp;&nbsp; 5.125%—05/13/2025<sup>2</sup> | 458 |
|  |  | 1120 |
|  |  | 1500 |
| **INSURANCE—1.3%** | **INSURANCE—1.3%** | **INSURANCE—1.3%** |
|  | Acrisure LLC / Acrisure Finance Inc. <br>|  |
| 477 | &nbsp;&nbsp;&nbsp; 7.000%—11/15/2025<sup>2</sup> | 455 |
| 156 | &nbsp;&nbsp;&nbsp; 10.125%—08/01/2026<sup>2</sup> | 156 |
|  |  | 611 |
|  | GTCR AP Finance Inc. <br>|  |
| 401 | &nbsp;&nbsp;&nbsp; 8.000%—05/15/2027<sup>2</sup> | 394 |
|  | Hub International Ltd. <br>|  |
| 1026 | &nbsp;&nbsp;&nbsp; 7.000%—05/01/2026<sup>2</sup> | 1017 |
|  | NFP Corp. <br>|  |
| 554 | &nbsp;&nbsp;&nbsp; 6.875%—08/15/2028<sup>2</sup> | 480 |
|  |  | 2502 |
| **INTERACTIVE MEDIA & SERVICES—0.4%** | **INTERACTIVE MEDIA & SERVICES—0.4%** | **INTERACTIVE MEDIA & SERVICES—0.4%** |
|  | Arches Buyer Inc. <br>|  |
| 546 | &nbsp;&nbsp;&nbsp; 4.250%—06/01/2028<sup>2</sup> | 459 |
|  | Match Group Holdings II LLC <br>|  |
| 357 | &nbsp;&nbsp;&nbsp; 5.000%—12/15/2027<sup>2</sup> | 343 |
|  |  | 802 |
| **INTERNET & DIRECT MARKETING RETAIL—0.1%** | **INTERNET & DIRECT MARKETING RETAIL—0.1%** | **INTERNET & DIRECT MARKETING RETAIL—0.1%** |
|  | QVC Inc. <br>|  |
| 383 | &nbsp;&nbsp;&nbsp; 5.450%—08/15/2034 | 226 |
| **IT SERVICES—2.3%** | **IT SERVICES—2.3%** | **IT SERVICES—2.3%** |
|  | Block Inc. <br>|  |
| 545 | &nbsp;&nbsp;&nbsp; 3.500%—06/01/2031 | 456 |
|  | &nbsp;&nbsp;&nbsp; Conduent Business Services LLC / Conduent State & <br> Local Solutions Inc. <br>|  |
| 358 | &nbsp;&nbsp;&nbsp; 6.000%—11/01/2029<sup>2</sup> | 317 |
|  | MoneyGram International Inc. <br>|  |
| 343 | &nbsp;&nbsp;&nbsp; 5.375%—08/01/2026<sup>2</sup> | 349 |
|  | Presidio Holdings Inc. <br>|  |
| 456 | &nbsp;&nbsp;&nbsp; 4.875%—02/01/2027<sup>2</sup> | 425 |
| 731 | &nbsp;&nbsp;&nbsp; 8.250%—02/01/2028<sup>2</sup> | 704 |
|  |  | 1129 |
|  | Sabre GLBL Inc. <br>|  |
| 514 | &nbsp;&nbsp;&nbsp; 7.375%—09/01/2025<sup>2</sup> | 505 |
| 872 | &nbsp;&nbsp;&nbsp; 9.250%—04/15/2025<sup>2</sup> | 896 |
|  |  | 1401 |
|  | Twilio Inc. <br>|  |
| 485 | &nbsp;&nbsp;&nbsp; 3.875%—03/15/2031 | 401 |
|  | ZipRecruiter Inc. <br>|  |
| 409 | &nbsp;&nbsp;&nbsp; 5.000%—01/15/2030<sup>2</sup> | 356 |
|  |  | 4409 |
| **LIFE SCIENCES TOOLS & SERVICES—0.5%** | **LIFE SCIENCES TOOLS & SERVICES—0.5%** | **LIFE SCIENCES TOOLS & SERVICES—0.5%** |
|  | Avantor Funding Inc. <br>|  |
| 254 | &nbsp;&nbsp;&nbsp; 3.875%—11/01/2029<sup>2</sup> | 224 |
|  | IQVIA Inc. <br>|  |
| 510 | &nbsp;&nbsp;&nbsp; 5.000%—05/15/2027<sup>2</sup> | 495 |
|  | Syneos Health Inc. <br>|  |
| 410 | &nbsp;&nbsp;&nbsp; 3.625%—01/15/2029<sup>2</sup> | 332 |
|  |  | 1051 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **MACHINERY—0.5%** | **MACHINERY—0.5%** | **MACHINERY—0.5%** |
|  | EnPro Industries Inc. <br>|  |
| $447 | &nbsp;&nbsp;&nbsp; 5.750%—10/15/2026 | $438 |
|  | OT Merger Corp. <br>|  |
| 545 | &nbsp;&nbsp;&nbsp; 7.875%—10/15/2029<sup>2</sup> | 351 |
|  | TK Elevator US Newco Inc. <br>|  |
| 264 | &nbsp;&nbsp;&nbsp; 5.250%—07/15/2027<sup>2</sup> | 245 |
|  |  | 1034 |
| **MEDIA—7.7%** | **MEDIA—7.7%** | **MEDIA—7.7%** |
|  | Altice France SA <br>|  |
| 316 | &nbsp;&nbsp;&nbsp; 5.500%—10/15/2029<sup>2</sup> | 250 |
| 3442 | &nbsp;&nbsp;&nbsp; 8.125%—02/01/2027<sup>2</sup> | 3231 |
|  |  | 3481 |
|  | AMC Networks Inc. <br>|  |
| 970 | &nbsp;&nbsp;&nbsp; 4.250%—02/15/2029 | 599 |
| 427 | &nbsp;&nbsp;&nbsp; 4.750%—08/01/2025 | 366 |
|  |  | 965 |
|  | Audacy Capital Corp. <br>|  |
| 366 | &nbsp;&nbsp;&nbsp; 6.750%—03/31/2029<sup>2</sup> | 63 |
|  | CCO Holdings LLC / CCO Holdings Capital Corp. <br>|  |
| 410 | &nbsp;&nbsp;&nbsp; 4.250%—02/01/2031<sup>2</sup> | 342 |
| 480 | &nbsp;&nbsp;&nbsp; 4.750%—02/01/2032<sup>2</sup> | 409 |
| 350 | &nbsp;&nbsp;&nbsp; 5.375%—06/01/2029<sup>2</sup> | 324 |
| 376 | &nbsp;&nbsp;&nbsp; 5.500%—05/01/2026<sup>2</sup> | 370 |
|  |  | 1445 |
|  | CSC Holdings LLC <br>|  |
| 646 | &nbsp;&nbsp;&nbsp; 4.500%—11/15/2031<sup>2</sup> | 477 |
| 495 | &nbsp;&nbsp;&nbsp; 5.750%—01/15/2030<sup>2</sup> | 312 |
| 617 | &nbsp;&nbsp;&nbsp; 6.500%—02/01/2029<sup>2</sup> | 535 |
|  |  | 1324 |
|  | &nbsp;&nbsp;&nbsp; Diamond Sports Group LLC / Diamond Sports <br> Finance Co <br>|  |
| 781 | &nbsp;&nbsp;&nbsp; 5.375%—08/15/2026<sup>2</sup> | 58 |
|  | &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC / DIRECTV Financing <br> Co-Obligor Inc. <br>|  |
| 942 | &nbsp;&nbsp;&nbsp; 5.875%—08/15/2027<sup>2</sup> | 855 |
|  | DISH DBS Corp. <br>|  |
| 533 | &nbsp;&nbsp;&nbsp; 5.750%—12/01/2028<sup>2</sup> | 437 |
|  | Entercom Media Corp. <br>|  |
| 129 | &nbsp;&nbsp;&nbsp; 6.500%—05/01/2027<sup>2</sup> | 21 |
|  | Gray Television Inc. <br>|  |
| 543 | &nbsp;&nbsp;&nbsp; 5.875%—07/15/2026<sup>2</sup> | 498 |
|  | Hughes Satellite Systems Corp. <br>|  |
| 446 | &nbsp;&nbsp;&nbsp; 6.625%—08/01/2026 | 432 |
|  | Midas OPCO Holdings LLC <br>|  |
| 370 | &nbsp;&nbsp;&nbsp; 5.625%—08/15/2029<sup>2</sup> | 325 |
|  | Sable International Finance Ltd. <br>|  |
| 414 | &nbsp;&nbsp;&nbsp; 5.750%—09/07/2027<sup>2</sup> | 397 |
|  | Sirius XM Radio Inc. <br>|  |
| 1368 | &nbsp;&nbsp;&nbsp; 4.000%—07/15/2028<sup>2</sup> | 1219 |
|  | Tegna Inc. <br>|  |
| 270 | &nbsp;&nbsp;&nbsp; 4.750%—03/15/2026<sup>2</sup> | 262 |
|  | Telesat Canada / Telesat LLC <br>|  |
| 540 | &nbsp;&nbsp;&nbsp; 4.875%—06/01/2027<sup>2</sup> | 265 |
| 243 | &nbsp;&nbsp;&nbsp; 6.500%—10/15/2027<sup>2</sup> | 68 |
|  |  | 333 |
|  | Univision Communications Inc. <br>|  |
| 923 | &nbsp;&nbsp;&nbsp; 5.125%—02/15/2025<sup>2</sup> | 901 |
| 681 | &nbsp;&nbsp;&nbsp; 6.625%—06/01/2027<sup>2</sup> | 668 |
| 326 | &nbsp;&nbsp;&nbsp; 7.375%—06/30/2030<sup>2</sup> | 320 |
|  |  | 1889 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **MEDIA—Continued** | **MEDIA—Continued** | **MEDIA—Continued** | **MEDIA—Continued** |
|  |  | Viasat Inc. <br>|  |
| $| 1139 | &nbsp;&nbsp;&nbsp; 5.625%—09/15/2025<sup>2</sup> | $1072 |
|  |  |  | 15076 |
| **METALS & MINING—0.4%** | **METALS & MINING—0.4%** | **METALS & MINING—0.4%** | **METALS & MINING—0.4%** |
|  |  | FMG Resources <br>|  |
|  | 873 | &nbsp;&nbsp;&nbsp; 5.875%—04/15/2030<sup>2</sup> | 854 |
| **OIL, GAS & CONSUMABLE FUELS—8.2%** | **OIL, GAS & CONSUMABLE FUELS—8.2%** | **OIL, GAS & CONSUMABLE FUELS—8.2%** | **OIL, GAS & CONSUMABLE FUELS—8.2%** |
|  |  | Aethon United BR LP / Aethon United Finance Corp. <br>|  |
|  | 335 | &nbsp;&nbsp;&nbsp; 8.250%—02/15/2026<sup>2</sup> | 334 |
|  |  | &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP / Antero Midstream <br> Finance Corp. <br>|  |
|  | 843 | &nbsp;&nbsp;&nbsp; 5.750%—03/01/2027-01/15/2028<sup>2</sup> | 814 |
|  | 664 | &nbsp;&nbsp;&nbsp; 7.875%—05/15/2026<sup>2</sup> | 682 |
|  |  |  | 1496 |
|  |  | Buckeye Partners LP <br>|  |
|  | 370 | &nbsp;&nbsp;&nbsp; 5.850%—11/15/2043 | 284 |
|  | 606 | &nbsp;&nbsp;&nbsp; 6.750%—08/15/2033 | 556 |
|  |  |  | 840 |
|  |  | Centennial Resource Production LLC <br>|  |
|  | 405 | &nbsp;&nbsp;&nbsp; 5.375%—01/15/2026<sup>2</sup> | 383 |
|  |  | Civitas Resources Inc. <br>|  |
|  | 551 | &nbsp;&nbsp;&nbsp; 5.000%—10/15/2026<sup>2</sup> | 515 |
|  |  | CNX Resources Corp. <br>|  |
|  | 580 | &nbsp;&nbsp;&nbsp; 7.375%—01/15/2031<sup>2</sup> | 565 |
|  |  | Colgate Energy Partners III LLC <br>|  |
|  | 370 | &nbsp;&nbsp;&nbsp; 5.875%—07/01/2029<sup>2</sup> | 347 |
|  |  | Continental Resources Inc. <br>|  |
|  | 520 | &nbsp;&nbsp;&nbsp; 4.900%—06/01/2044 | 418 |
|  |  | &nbsp;&nbsp;&nbsp; Crestwood Midstream Partners LP / Crestwood <br> Midstream Finance Corp. <br>|  |
|  | 434 | &nbsp;&nbsp;&nbsp; 8.000%—04/01/2029<sup>2</sup> | 441 |
|  |  | Crownrock LP / Crownrock Finance Inc. <br>|  |
|  | 114 | &nbsp;&nbsp;&nbsp; 5.000%—05/01/2029<sup>2</sup> | 105 |
|  |  | DT Midstream Inc. <br>|  |
|  | 507 | &nbsp;&nbsp;&nbsp; 4.375%—06/15/2031<sup>2</sup> | 444 |
|  |  | Encino Acquisition Partners Holdings LLC <br>|  |
|  | 450 | &nbsp;&nbsp;&nbsp; 8.500%—05/01/2028<sup>2</sup> | 420 |
|  |  | EQM Midstream Partners LP <br>|  |
|  | 446 | &nbsp;&nbsp;&nbsp; 6.500%—07/15/2048 | 344 |
|  |  | Ferrellgas LP / Ferrellgas Finance Corp. <br>|  |
|  | 285 | &nbsp;&nbsp;&nbsp; 5.375%—04/01/2026<sup>2</sup> | 263 |
|  |  | Gulfport Energy Operating Corp. <br>|  |
|  | 587 | &nbsp;&nbsp;&nbsp; 8.000%—05/17/2026<sup>2</sup> | 582 |
|  |  | Hilcorp Energy I LP / Hilcorp Finance Co. <br>|  |
|  | 859 | &nbsp;&nbsp;&nbsp; 6.000%—02/01/2031<sup>2</sup> | 798 |
|  |  | &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC / Magnolia Oil & <br> Gas Finance Corp. <br>|  |
|  | 449 | &nbsp;&nbsp;&nbsp; 6.000%—08/01/2026<sup>2</sup> | 435 |
|  |  | Moss Creek Resources Holdings Inc. <br>|  |
|  | 334 | &nbsp;&nbsp;&nbsp; 7.500%—01/15/2026<sup>2</sup> | 309 |
|  |  | &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC / NGL Energy Finance <br> Corp. <br>|  |
|  | 376 | &nbsp;&nbsp;&nbsp; 7.500%—02/01/2026<sup>2</sup> | 358 |
|  |  | NuStar Logistics LP <br>|  |
|  | 593 | &nbsp;&nbsp;&nbsp; 5.750%—10/01/2025 | 587 |
|  |  | Occidental Petroleum Corp. <br>|  |
|  | 532 | &nbsp;&nbsp;&nbsp; 5.500%—12/01/2025 | 536 |
|  | 350 | &nbsp;&nbsp;&nbsp; 5.550%—03/15/2026 | 354 |
|  | 557 | &nbsp;&nbsp;&nbsp; 6.200%—03/15/2040 | 563 |
|  | 243 | &nbsp;&nbsp;&nbsp; 7.500%—05/01/2031 | 271 |
|  |  |  | 1724 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **OIL, GAS & CONSUMABLE FUELS—Continued** | **OIL, GAS & CONSUMABLE FUELS—Continued** | **OIL, GAS & CONSUMABLE FUELS—Continued** | **OIL, GAS & CONSUMABLE FUELS—Continued** |
|  |  | Parkland Corp. <br>|  |
| $| 886 | &nbsp;&nbsp;&nbsp; 4.500%—10/01/2029<sup>2</sup> | $761 |
|  | 444 | &nbsp;&nbsp;&nbsp; 4.625%—05/01/2030<sup>2</sup> | 382 |
|  |  |  | 1143 |
|  |  | SM Energy Co. <br>|  |
|  | 352 | &nbsp;&nbsp;&nbsp; 6.500%—07/15/2028 | 335 |
|  |  | Southwestern Energy Co. <br>|  |
|  | 454 | &nbsp;&nbsp;&nbsp; 8.375%—09/15/2028 | 477 |
|  |  | &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy <br> Finance Corp. <br>|  |
|  | 530 | &nbsp;&nbsp;&nbsp; 6.000%—09/01/2031<sup>2</sup> | 478 |
|  | 745 | &nbsp;&nbsp;&nbsp; 7.500%—10/01/2025<sup>2</sup> | 755 |
|  |  |  | 1233 |
|  |  | &nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa Resources <br> Partners Finance Corp. <br>|  |
|  | 317 | &nbsp;&nbsp;&nbsp; 6.500%—07/15/2027 | 325 |
|  |  | Venture Global Calcasieu Pass LLC <br>|  |
|  | 815 | &nbsp;&nbsp;&nbsp; 3.875%—08/15/2029<sup>2</sup> | 727 |
|  |  |  | 15948 |
| **PERSONAL PRODUCTS—0.1%** | **PERSONAL PRODUCTS—0.1%** | **PERSONAL PRODUCTS—0.1%** | **PERSONAL PRODUCTS—0.1%** |
|  |  | HLF Financing Sarl LLC / Herbalife International Inc. <br>|  |
|  | 291 | &nbsp;&nbsp;&nbsp; 4.875%—06/01/2029<sup>2</sup> | 213 |
| **PHARMACEUTICALS—0.9%** | **PHARMACEUTICALS—0.9%** | **PHARMACEUTICALS—0.9%** | **PHARMACEUTICALS—0.9%** |
|  |  | Bausch Health Cos. Inc. <br>|  |
|  | 684 | &nbsp;&nbsp;&nbsp; 5.500%—11/01/2025<sup>2</sup> | 583 |
|  | 558 | &nbsp;&nbsp;&nbsp; 9.000%—12/15/2025<sup>2</sup> | 440 |
|  |  |  | 1023 |
|  |  | Organon Finance 1 LLC <br>|  |
|  | 297 | &nbsp;&nbsp;&nbsp; 5.125%—04/30/2031<sup>2</sup> | 268 |
|  |  | Teva Pharmaceutical Finance Netherlands III BV <br>|  |
|  | 504 | &nbsp;&nbsp;&nbsp; 3.150%—10/01/2026 | 453 |
|  |  |  | 1744 |
| **ROAD & RAIL—1.2%** | **ROAD & RAIL—1.2%** | **ROAD & RAIL—1.2%** | **ROAD & RAIL—1.2%** |
|  |  | Carriage Purchaser Inc. <br>|  |
|  | 452 | &nbsp;&nbsp;&nbsp; 7.875%—10/15/2029<sup>2</sup> | 329 |
|  |  | Uber Technologies Inc. <br>|  |
|  | 1076 | &nbsp;&nbsp;&nbsp; 7.500%—05/15/2025<sup>2</sup> | 1093 |
|  | 550 | &nbsp;&nbsp;&nbsp; 8.000%—11/01/2026<sup>2</sup> | 563 |
|  |  |  | 1656 |
|  |  | XPO CNW Inc. <br>|  |
|  | 489 | &nbsp;&nbsp;&nbsp; 6.700%—05/01/2034 | 442 |
|  |  |  | 2427 |
| **SOFTWARE—1.3%** | **SOFTWARE—1.3%** | **SOFTWARE—1.3%** | **SOFTWARE—1.3%** |
|  |  | Boxer Parent Co. Inc. <br>|  |
|  | 461 | &nbsp;&nbsp;&nbsp; 7.125%—10/02/2025<sup>2</sup> | 457 |
|  | 262 | &nbsp;&nbsp;&nbsp; 9.125%—03/01/2026<sup>2</sup> | 250 |
|  |  |  | 707 |
|  |  | Consensus Cloud Solutions Inc. <br>|  |
|  | 379 | &nbsp;&nbsp;&nbsp; 6.500%—10/15/2028<sup>2</sup> | 355 |
|  |  | Elastic NV <br>|  |
|  | 606 | &nbsp;&nbsp;&nbsp; 4.125%—07/15/2029<sup>2</sup> | 520 |
|  |  | Open Text Corp. <br>|  |
|  | 542 | &nbsp;&nbsp;&nbsp; 3.875%—02/15/2028<sup>2</sup> | 472 |
|  | 427 | &nbsp;&nbsp;&nbsp; 6.900%—12/01/2027 | 437 |
|  |  |  | 909 |
|  |  |  | 2491 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** | **CORPORATE BONDS & NOTES—Continued** |
| **SPECIALTY RETAIL—1.2%** | **SPECIALTY RETAIL—1.2%** | **SPECIALTY RETAIL—1.2%** |
|  | Asbury Automotive Group Co. <br>|  |
| $494 | &nbsp;&nbsp;&nbsp; 5.000%—02/15/2032<sup>2</sup> | $427 |
|  | Bath & Body Works Inc. <br>|  |
| 400 | &nbsp;&nbsp;&nbsp; 6.875%—11/01/2035 | 365 |
|  | Group 1 Automotive Inc. <br>|  |
| 174 | &nbsp;&nbsp;&nbsp; 4.000%—08/15/2028<sup>2</sup> | 153 |
|  | Lithia Motors Inc. <br>|  |
| 461 | &nbsp;&nbsp;&nbsp; 3.875%—06/01/2029<sup>2</sup> | 392 |
|  | Michaels Cos. Inc. <br>|  |
| 290 | &nbsp;&nbsp;&nbsp; 7.875%—05/01/2029<sup>2</sup> | 221 |
|  | Penske Automotive Group Inc. <br>|  |
| 445 | &nbsp;&nbsp;&nbsp; 3.500%—09/01/2025 | 422 |
| 419 | &nbsp;&nbsp;&nbsp; 3.750%—06/15/2029 | 355 |
|  |  | 777 |
|  |  | 2335 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—3.1%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—3.1%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—3.1%** |
|  | Entegris Escrow Corp. <br>|  |
| 448 | &nbsp;&nbsp;&nbsp; 5.950%—06/15/2030<sup>2</sup> | 431 |
|  | NCR Corp. <br>|  |
| 228 | &nbsp;&nbsp;&nbsp; 5.000%—10/01/2028<sup>2</sup> | 201 |
|  | Seagate HDD Cayman Co. <br>|  |
| 4711 | &nbsp;&nbsp;&nbsp; 4.750%—06/01/2023 | 4697 |
| 811 | &nbsp;&nbsp;&nbsp; 5.750%—12/01/2034 | 745 |
|  |  | 5442 |
|  |  | 6074 |
| **TEXTILES, APPAREL & LUXURY GOODS—0.2%** | **TEXTILES, APPAREL & LUXURY GOODS—0.2%** | **TEXTILES, APPAREL & LUXURY GOODS—0.2%** |
|  | Compass Group Diversified Holdings LLC <br>|  |
| 429 | &nbsp;&nbsp;&nbsp; 5.000%—01/15/2032<sup>2</sup> | 353 |
| **TRADING COMPANIES & DISTRIBUTORS—0.6%** | **TRADING COMPANIES & DISTRIBUTORS—0.6%** | **TRADING COMPANIES & DISTRIBUTORS—0.6%** |
|  | Alta Equipment Group Inc. <br>|  |
| 382 | &nbsp;&nbsp;&nbsp; 5.625%—04/15/2026<sup>2</sup> | 359 |
|  | WESCO Distribution Inc. <br>|  |
| 715 | &nbsp;&nbsp;&nbsp; 7.125%—06/15/2025<sup>2</sup> | 727 |
|  |  | 1086 |
| **WIRELESS TELECOMMUNICATION SERVICES—3.2%** | **WIRELESS TELECOMMUNICATION SERVICES—3.2%** | **WIRELESS TELECOMMUNICATION SERVICES—3.2%** |
|  | C&W Senior Financing DAC <br>|  |
| 431 | &nbsp;&nbsp;&nbsp; 6.875%—09/15/2027<sup>2</sup> | 411 |
|  | LCPR Senior Secured Financing DAC <br>|  |
| 330 | &nbsp;&nbsp;&nbsp; 6.750%—10/15/2027<sup>2</sup> | 322 |
|  | Sprint Capital Corp. <br>|  |
| 1359 | &nbsp;&nbsp;&nbsp; 6.875%—11/15/2028 | 1456 |
| 303 | &nbsp;&nbsp;&nbsp; 8.750%—03/15/2032 | 374 |
|  |  | 1830 |
|  | Sprint Corp. <br>|  |
| 544 | &nbsp;&nbsp;&nbsp; 7.625%—03/01/2026 | 576 |
| 3000 | &nbsp;&nbsp;&nbsp; 7.875%—09/15/2023 | 3048 |
|  |  | 3624 |
|  |  | 6187 |
| **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** | **TOTAL CORPORATE BONDS & NOTES** |
| &nbsp;&nbsp;&nbsp; (Cost $156,829) | &nbsp;&nbsp;&nbsp; (Cost $156,829) | 148410 |

---

------

**Harbor High-Yield Bond Fund** <br>**Portfolio of Investments—Continued**

------

*Principal Amounts, Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **EXCHANGE-TRADED FUNDS—8.6%** | **EXCHANGE-TRADED FUNDS—8.6%** | **EXCHANGE-TRADED FUNDS—8.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| 110000 | iShares iBoxx High Yield Corporate Bond ETF | $8396 |
| 340000 | SPDR Bloomberg Short Term High Yield Bond ETF | 8507 |
| **TOTAL ETFS** | **TOTAL ETFS** | **TOTAL ETFS** |
| &nbsp;&nbsp;&nbsp; (Cost $16,474) | &nbsp;&nbsp;&nbsp; (Cost $16,474) | 16903 |
| **TOTAL INVESTMENTS—87.0%** | **TOTAL INVESTMENTS—87.0%** | **TOTAL INVESTMENTS—87.0%** |
| &nbsp;&nbsp;&nbsp; (Cost $178,615) | &nbsp;&nbsp;&nbsp; (Cost $178,615) | 170161 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—13.0%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—13.0%** | 25344 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $195505 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

As of January 31, 2023, the investments in exchange-traded funds (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 | Zero coupon bond |
| 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $96,853 or 50% of net assets.<br>|
| 3 | MTN after the name of a security stands for Medium Term Note. |

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor International Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—98.7%** | **COMMON STOCKS—98.7%** | **COMMON STOCKS—98.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—1.5%** | **AEROSPACE & DEFENSE—1.5%** | **AEROSPACE & DEFENSE—1.5%** |
| 102480 | Airbus SE (France) | $12848 |
| 1769824 | BAE Systems plc (United Kingdom) | 18735 |
| 9038527 | Rolls-Royce Holdings plc (United Kingdom)<sup>\*</sup> | 11825 |
| 67305 | Thales SA (France) | 8902 |
|  |  | 52310 |
| **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** |
| 133153 | Oesterreichische Post AG (Austria) | 4742 |
| **AIRLINES—0.4%** | **AIRLINES—0.4%** | **AIRLINES—0.4%** |
| 30407 | Copa Holdings SA (Panama)<sup>\*</sup> | 2800 |
| 1353113 | EasyJet plc (United Kingdom)<sup>\*</sup> | 8243 |
| 1019765 | Qantas Airways Ltd. (Australia)<sup>\*</sup> | 4603 |
|  |  | 15646 |
| **AUTO COMPONENTS—1.0%** | **AUTO COMPONENTS—1.0%** | **AUTO COMPONENTS—1.0%** |
| 487300 | Bridgestone Corp. (Japan) | 18193 |
| 1352189 | Gestamp Automocion SA (Spain)<sup>\*,1</sup> | 5970 |
| 59994 | Hankook Tire & Technology Co. Ltd. (South Korea) | 1583 |
| 755183 | Johnson Electric Holdings Ltd. (Hong Kong) | 1037 |
| 138500 | Toyota Industries Corp. (Japan) | 8431 |
|  |  | 35214 |
| **AUTOMOBILES—0.6%** | **AUTOMOBILES—0.6%** | **AUTOMOBILES—0.6%** |
| 175452 | Bayerische Motoren Werke AG (Germany) | 17872 |
| 8457 | Hyundai Motor Co. (South Korea) | 1153 |
| 265000 | Toyota Motor Corp. (Japan) | 3892 |
|  |  | 22917 |
| **BANKS—11.4%** | **BANKS—11.4%** | **BANKS—11.4%** |
| 521923 | &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd <br> (Australia)<br>| 9288 |
| 225636 | Axis Bank Ltd. (India) | 2412 |
| 3387000 | Bank of Ireland Group plc (Ireland)<sup>\*</sup> | 36186 |
| 18464403 | Barclays plc (United Kingdom) | 42446 |
| 650139 | BNP Paribas SA (France) | 44653 |
| 5718069 | CaixaBank SA (Spain)<sup>\*</sup> | 25371 |
| 24495 | Capitec Bank Holdings Ltd. (South Africa) | 2530 |
| 204592 | Close Brothers Group plc (United Kingdom) | 2450 |
| 118999 | Danske Bank AS (Denmark) | 2479 |
| 441934 | DBS Group Holdings Ltd. (Singapore) | 12098 |
| 486691 | DNB Bank ASA (Norway) | 9101 |
| 272900 | Fukuoka Financial Group Inc. (Japan) | 6296 |
| 514300 | Grupo Financiero Banorte SAB de CV (Mexico)<sup>\*</sup> | 4261 |
| 109388 | Hana Financial Group Inc. (South Korea) | 4346 |
| 105593 | HDFC Bank Ltd. ADR (India)<sup>2</sup> | 7113 |
| 378769 | HSBC Holdings plc (Hong Kong) | 2784 |
| 1441347 | Intesa Sanpaolo SpA (Italy)<sup>\*</sup> | 3790 |
| 301100 | Kasikornbank PCL (Thailand) | 1328 |
| 57707011 | Lloyds Banking Group plc (United Kingdom) | 37555 |
| 11528600 | PT Bank Central Asia TBK (Indonesia) | 6543 |
| 6227000 | Resona Holdings Inc. (Japan) | 34458 |
| 104720 | Shinhan Financial Group Co. Ltd. (South Korea)<sup>\*</sup> | 3541 |
| 1130734 | Standard Chartered plc (United Kingdom) | 9498 |
| 204500 | Sumitomo Mitsui Financial Group Inc. (Japan) | 8888 |
| 620000 | Sumitomo Mitsui Trust Holdings Inc. (Japan) | 22586 |
| 1587653 | Svenska Handelsbanken AB (Sweden) | 16556 |
| 1850198 | UniCredit SpA (Italy) | 36136 |
| 285500 | United Overseas Bank Ltd. (Singapore) | 6490 |
|  |  | 401183 |
| **BEVERAGES—3.8%** | **BEVERAGES—3.8%** | **BEVERAGES—3.8%** |
| 195018 | Anheuser-Busch InBev SA/NA (Belgium) | 11772 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **BEVERAGES—Continued** | **BEVERAGES—Continued** | **BEVERAGES—Continued** |
| 275400 | Asahi Group Holdings Ltd. (Japan) | $9094 |
| 88212 | Carlsberg AS (Denmark) | 12523 |
| 163598 | Coca-Cola Europacific Partners plc (United States) | 9198 |
| 702187 | Davide Campari-Milano NV (Italy) | 7532 |
| 562701 | Diageo plc (United Kingdom) | 24605 |
| 227823 | Heineken NV (Netherlands) | 22768 |
| 1944900 | Kirin Holdings Co. Ltd. (Japan) | 29970 |
| 21413 | Pernod Ricard SA (France) | 4433 |
| 7091900 | Thai Beverage PCL (Singapore) | 3788 |
|  |  | 135683 |
| **BIOTECHNOLOGY—0.4%** | **BIOTECHNOLOGY—0.4%** | **BIOTECHNOLOGY—0.4%** |
| 67553 | CSL Ltd. (Australia) | 14264 |
| **BUILDING PRODUCTS—1.7%** | **BUILDING PRODUCTS—1.7%** | **BUILDING PRODUCTS—1.7%** |
| 1139404 | Assa Abloy AB Class B (Sweden) | 26840 |
| 43536 | Geberit AG (Switzerland) | 24771 |
| 573977 | GWA Group Ltd. (Australia) | 883 |
| 410100 | LIXIL Group Corp. (Japan) | 7080 |
|  |  | 59574 |
| **CAPITAL MARKETS—2.2%** | **CAPITAL MARKETS—2.2%** | **CAPITAL MARKETS—2.2%** |
| 1659608 | 3i Group plc (United Kingdom) | 32378 |
| 444700 | Daiwa Securities Group Inc. (Japan) | 2099 |
| 780083 | IG Group Holdings plc (United Kingdom) | 7670 |
| 2431466 | Jupiter Fund Management plc (United Kingdom) | 4210 |
| 3055900 | Nomura Holdings Inc. (Japan) | 12196 |
| 108271 | Rathbone Brothers plc (United Kingdom) | 2797 |
| 725273 | St. James's Place plc (United Kingdom) | 10998 |
| 171812 | UBS Group AG (Switzerland) | 3667 |
|  |  | 76015 |
| **CHEMICALS—1.2%** | **CHEMICALS—1.2%** | **CHEMICALS—1.2%** |
| 992300 | Air Water Inc. (Japan) | 12141 |
| 310026 | BASF SE (Germany) | 17775 |
| 155300 | Nissan Chemical Corp. (Japan) | 7332 |
| 146600 | Sumitomo Bakelite Co. Ltd. (Japan) | 4777 |
|  |  | 42025 |
| **COMMERCIAL SERVICES & SUPPLIES—1.0%** | **COMMERCIAL SERVICES & SUPPLIES—1.0%** | **COMMERCIAL SERVICES & SUPPLIES—1.0%** |
| 84000 | AEON Delight Co. Ltd. (Japan) | 1994 |
| 62650 | Befesa SA (Germany)<sup>\*,1</sup> | 3594 |
| 351226 | Brambles Ltd. (Australia) | 2987 |
| 2480914 | Cleanaway Waste Management Ltd. (Australia) | 4807 |
| 123500 | Daiei Kankyo Co. Ltd. (Japan)<sup>\*</sup> | 1606 |
| 184060 | Elis SA (France) | 3233 |
| 87200 | SECOM Co. Ltd. (Japan) | 5195 |
| 6374971 | Serco Group plc (United Kingdom) | 11482 |
|  |  | 34898 |
| **CONSTRUCTION & ENGINEERING—0.9%** | **CONSTRUCTION & ENGINEERING—0.9%** | **CONSTRUCTION & ENGINEERING—0.9%** |
| 117917 | Ferrovial SA (Spain) | 3480 |
| 1015000 | Infroneer Holdings Inc. (Japan) | 8102 |
| 1921600 | Obayashi Corp. (Japan) | 14905 |
| 1411000 | Penta-Ocean Construction Co. Ltd. (Japan) | 7037 |
|  |  | 33524 |
| **CONSTRUCTION MATERIALS—1.7%** | **CONSTRUCTION MATERIALS—1.7%** | **CONSTRUCTION MATERIALS—1.7%** |
| 101700 | &nbsp;&nbsp;&nbsp; Beijing Oriental Yuhong Waterproof Technology Co. Ltd. <br> Class A (China)<br>| 560 |
| 87709 | CRH plc (Ireland) | 4098 |
| 953112 | Fletcher Building Ltd. (New Zealand) | 3139 |
| 350665 | Holcim Ltd. (Switzerland)<sup>\*</sup> | 20965 |

---

------

**Harbor International Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **CONSTRUCTION MATERIALS—Continued** | **CONSTRUCTION MATERIALS—Continued** | **CONSTRUCTION MATERIALS—Continued** |
| 30876 | Imerys SA (France) | $1281 |
| 89234 | James Hardie Industries PLC CDI (Australia)<sup>\*</sup><sup>,2</sup> | 2002 |
| 771600 | Taiheiyo Cement Corp. (Japan) | 13297 |
| 47815 | Vicat SA (France) | 1335 |
| 430414 | Wienerberger AG (Austria) | 12943 |
|  |  | 59620 |
| **CONSUMER FINANCE—0.2%** | **CONSUMER FINANCE—0.2%** | **CONSUMER FINANCE—0.2%** |
| 1776778 | International Personal Finance plc (United Kingdom) | 1856 |
| 2290775 | Non-Standard Finance plc (United Kingdom)<sup>\*,1</sup> | 14 |
| 1308295 | Provident Financial plc (United Kingdom) | 3779 |
|  |  | 5649 |
| **CONTAINERS & PACKAGING—0.7%** | **CONTAINERS & PACKAGING—0.7%** | **CONTAINERS & PACKAGING—0.7%** |
| 3004273 | DS Smith plc (United Kingdom) | 13152 |
| 822500 | Toyo Seikan Group Holdings Ltd. (Japan) | 10677 |
|  |  | 23829 |
| **DISTRIBUTORS—0.4%** | **DISTRIBUTORS—0.4%** | **DISTRIBUTORS—0.4%** |
| 1346201 | Inchcape plc (United Kingdom) | 15178 |
| **DIVERSIFIED FINANCIAL SERVICES—0.6%** | **DIVERSIFIED FINANCIAL SERVICES—0.6%** | **DIVERSIFIED FINANCIAL SERVICES—0.6%** |
| 1929722 | AMP Ltd. (Australia)<sup>\*</sup> | 1831 |
| 1784400 | B3 Brasil Bolsa Balcao SA (Brazil)<sup>\*</sup> | 4556 |
| 426545 | Chailease Holding Co. Ltd. (Taiwan) | 3214 |
| 354068 | Challenger Ltd. (Australia) | 1815 |
| 64845 | Macquarie Group Ltd. (Australia) | 8651 |
|  |  | 20067 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—1.9%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.9%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—1.9%** |
| 444273 | Deutsche Telekom AG (Germany)<sup>\*</sup> | 9898 |
| 3717576 | Koninklijke KPN NV (Netherlands) | 12710 |
| 1349900 | Nippon Telegraph & Telephone Corp. (Japan) | 40477 |
| 1357517 | Telstra Corp. Ltd. (Australia) | 3924 |
|  |  | 67009 |
| **ELECTRIC UTILITIES—0.3%** | **ELECTRIC UTILITIES—0.3%** | **ELECTRIC UTILITIES—0.3%** |
| 137313 | Orsted AS (Denmark)<sup>1</sup> | 12228 |
| **ELECTRICAL EQUIPMENT—3.7%** | **ELECTRICAL EQUIPMENT—3.7%** | **ELECTRICAL EQUIPMENT—3.7%** |
| 585405 | ABB Ltd. (Switzerland) | 20381 |
| 29366 | Accelleron Industries AG (Switzerland)<sup>\*</sup> | 694 |
| 146090 | Havells India Ltd. (India)<sup>\*</sup> | 2119 |
| 301038 | Legrand SA (France) | 26842 |
| 1204500 | Mitsubishi Electric Corp. (Japan) | 13275 |
| 144180 | Schneider Electric SE (France) | 23388 |
| 1472003 | Vestas Wind Systems AS (Denmark) | 43073 |
|  |  | 129772 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** |
| 411000 | Delta Electronics Inc. (Taiwan) | 3986 |
| 120200 | Kyocera Corp. (Japan) | 6237 |
| 69700 | Omron Corp. (Japan) | 4033 |
| 306600 | TDK Corp. (Japan) | 10954 |
| 160500 | Topcon Corp. (Japan) | 2091 |
|  |  | 27301 |
| **ENERGY EQUIPMENT & SERVICES—0.2%** | **ENERGY EQUIPMENT & SERVICES—0.2%** | **ENERGY EQUIPMENT & SERVICES—0.2%** |
| 1538272 | John Wood Group plc (United Kingdom)<sup>\*</sup> | 2697 |
| 608508 | Petrofac Ltd. (United Kingdom)<sup>\*</sup> | 625 |
| 117829 | Saipem SpA (Italy)<sup>\*</sup> | 180 |
| 153548 | Technip Energies NV (France)<sup>\*</sup> | 2977 |
|  |  | 6479 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **ENTERTAINMENT—0.4%** | **ENTERTAINMENT—0.4%** | **ENTERTAINMENT—0.4%** |
| 138183 | CTS Eventim AG & Co. KGaA (Germany)<sup>\*</sup> | $9700 |
| 305411 | Modern Times Group MTG AB Class B (Sweden)<sup>\*</sup> | 2704 |
|  |  | 12404 |
| **FOOD & STAPLES RETAILING—1.4%** | **FOOD & STAPLES RETAILING—1.4%** | **FOOD & STAPLES RETAILING—1.4%** |
| 170261 | Bid Corp. Ltd. (South Africa) | 3515 |
| 124371 | Clicks Group Ltd. (South Africa) | 1898 |
| 554124 | Koninklijke Ahold Delhaize NV (Netherlands) | 16539 |
| 117200 | Matsumotokiyoshi Holdings Co. Ltd. (Japan) | 5846 |
| 887147 | Metcash Ltd. (Australia) | 2629 |
| 217900 | Seven & I Holdings Co. Ltd. (Japan) | 10288 |
| 2872238 | Tesco plc (United Kingdom) | 8730 |
| 95013 | X5 Retail Group NV GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
|  |  | 49445 |
| **FOOD PRODUCTS—1.4%** | **FOOD PRODUCTS—1.4%** | **FOOD PRODUCTS—1.4%** |
| 876000 | China Mengniu Dairy Co. Ltd. (China)<sup>\*</sup> | 4226 |
| 1127923 | Devro plc (United Kingdom) | 4263 |
| 2080000 | First Pacific Co. Ltd. (Hong Kong) | 725 |
| 311300 | Megmilk Snow Brand Co. Ltd. (Japan) | 4357 |
| 268600 | NH Foods Ltd. (Japan) | 8064 |
| 1516000 | Tingyi Cayman Islands Holding Corp. (China) | 2522 |
| 273500 | Toyo Suisan Kaisha Ltd. (Japan) | 11301 |
| 156322 | Viscofan SA (Spain) | 10075 |
| 63100 | Yakult Honsha Co. Ltd. (Japan) | 4505 |
|  |  | 50038 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—2.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.7%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.7%** |
| 230822 | Coloplast AS Class B (Denmark) | 27868 |
| 5990452 | ConvaTec Group plc (United Kingdom)<sup>1</sup> | 17375 |
| 443238 | Demant AS (Denmark)<sup>\*</sup> | 12547 |
| 312252 | Getinge AB Class B (Sweden)<sup>\*</sup> | 7034 |
| 323460 | GN Store Nord AS (Denmark) | 7976 |
| 487697 | Koninklijke Philips NV (Netherlands)<sup>\*</sup> | 8420 |
| 189084 | Smith & Nephew plc (United Kingdom) | 2611 |
| 42073 | Sonova Holding AG (Switzerland) | 10521 |
|  |  | 94352 |
| **HEALTH CARE PROVIDERS & SERVICES—1.0%** | **HEALTH CARE PROVIDERS & SERVICES—1.0%** | **HEALTH CARE PROVIDERS & SERVICES—1.0%** |
| 358856 | Amplifon SpA (Italy) | 9909 |
| 420329 | Fresenius Medical Care AG & Co. KGaA (Germany) | 15785 |
| 511300 | MediPAL Holdings Corp. (Japan) | 6827 |
| 212900 | Ship Healthcare Holdings Inc. (Japan) | 4134 |
|  |  | 36655 |
| **HOTELS, RESTAURANTS & LEISURE—4.4%** | **HOTELS, RESTAURANTS & LEISURE—4.4%** | **HOTELS, RESTAURANTS & LEISURE—4.4%** |
| 2515000 | Ajisen China Holdings Ltd. (China) | 298 |
| 154995 | Aristocrat Leisure Ltd. (Australia) | 3742 |
| 230080 | Carnival plc (United Kingdom)<sup>\*</sup> | 2198 |
| 1504441 | Compass Group plc (United Kingdom) | 35938 |
| 1427729 | Entain plc (United Kingdom)<sup>\*</sup> | 26328 |
| 237447 | Flutter Entertainment plc (Ireland)<sup>\*</sup> | 36883 |
| 815000 | Galaxy Entertainment Group Ltd. (Hong Kong)<sup>\*</sup> | 5674 |
| 66144 | InterContinental Hotels Group plc (United Kingdom) | 4592 |
| 387807 | Playtech plc (United Kingdom)<sup>\*</sup> | 2706 |
| 6538527 | SSP Group plc (United Kingdom)<sup>\*</sup> | 20934 |
| 45473 | Trip.com Group Ltd. ADR (China)<sup>\*,2</sup> | 1672 |
| 4031638 | TUI AG (Germany)<sup>\*</sup> | 8473 |
| 105196 | Yum China Holdings Inc. (China) | 6481 |
|  |  | 155919 |
| **HOUSEHOLD DURABLES—0.8%** | **HOUSEHOLD DURABLES—0.8%** | **HOUSEHOLD DURABLES—0.8%** |
| 477903 | Barratt Developments plc (United Kingdom) | 2716 |

---

------

**Harbor International Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HOUSEHOLD DURABLES—Continued** | **HOUSEHOLD DURABLES—Continued** | **HOUSEHOLD DURABLES—Continued** |
| 566500 | Midea Group Co. Ltd. (China) | $4649 |
| 341300 | Sekisui Chemical Co. Ltd. (Japan) | 4781 |
| 120900 | Sony Group Corp. (Japan) | 10803 |
| 3985332 | Taylor Wimpey plc (United Kingdom) | 5782 |
|  |  | 28731 |
| **HOUSEHOLD PRODUCTS—0.6%** | **HOUSEHOLD PRODUCTS—0.6%** | **HOUSEHOLD PRODUCTS—0.6%** |
| 309020 | Reckitt Benckiser Group plc (United Kingdom) | 22021 |
| **INDUSTRIAL CONGLOMERATES—1.7%** | **INDUSTRIAL CONGLOMERATES—1.7%** | **INDUSTRIAL CONGLOMERATES—1.7%** |
| 394000 | CK Hutchison Holdings Ltd. (Hong Kong) | 2507 |
| 173761 | DCC plc (United Kingdom) | 9897 |
| 589500 | Hitachi Ltd. (Japan) | 30915 |
| 141800 | Jardine Matheson Holdings Ltd. (Hong Kong) | 7537 |
| 21154 | LG Corp. (South Korea) | 1425 |
| 1792053 | Melrose Industries plc (United Kingdom)<sup>\*</sup> | 3160 |
| 844500 | Nisshinbo Holdings Inc. (Japan) | 6313 |
|  |  | 61754 |
| **INSURANCE—5.7%** | **INSURANCE—5.7%** | **INSURANCE—5.7%** |
| 396094 | Admiral Group plc (United Kingdom) | 10768 |
| 2466400 | AIA Group Ltd. (Hong Kong) | 27889 |
| 993916 | AXA SA (France) | 31009 |
| 1236100 | Dai-ichi Life Holdings Inc. (Japan) | 29002 |
| 208500 | Great Eastern Holdings Ltd. (Singapore) | 3019 |
| 30710 | Hannover Rueck SE (Germany) | 6236 |
| 27395 | Helvetia Holding AG (Switzerland) | 3427 |
| 404291 | Hiscox Ltd. (United Kingdom) | 5627 |
| 1006400 | Japan Post Holdings Co. Ltd. (Japan) | 8836 |
| 369000 | Ping An Insurance Group Co. of China Ltd. (China) | 2866 |
| 54950 | Prudential plc (Hong Kong) | 907 |
| 535821 | Prudential plc. (United Kingdom) | 8903 |
| 988759 | QBE Insurance Group Ltd. (Australia) | 9647 |
| 571084 | Sampo OYJ (Finland) | 29982 |
| 1068000 | Tokio Marine Holdings Inc. (Japan) | 22369 |
|  |  | 200487 |
| **INTERACTIVE MEDIA & SERVICES—1.4%** | **INTERACTIVE MEDIA & SERVICES—1.4%** | **INTERACTIVE MEDIA & SERVICES—1.4%** |
| 1323290 | Auto Trader Group plc (United Kingdom)<sup>1</sup> | 10267 |
| 47158 | Baidu Inc. ADR (China)<sup>\*,2</sup> | 6351 |
| 167358 | Carsales.com Ltd. (Australia) | 2710 |
| 3966827 | Rightmove plc (United Kingdom) | 28822 |
|  |  | 48150 |
| **INTERNET & DIRECT MARKETING RETAIL—1.2%** | **INTERNET & DIRECT MARKETING RETAIL—1.2%** | **INTERNET & DIRECT MARKETING RETAIL—1.2%** |
| 151850 | Cazoo Group Ltd. (Cayman Islands)<sup>\*</sup> | 32 |
| 486614 | HelloFresh SE (Germany)<sup>\*</sup> | 11830 |
| 131991 | Just Eat Takeaway.com NV (Netherlands)<sup>\*,1</sup> | 3386 |
| 33661 | Naspers Ltd. (South Africa)<sup>\*</sup> | 6508 |
| 226586 | Vipshop Holdings Ltd. ADR (China)<sup>\*,2</sup> | 3506 |
| 202211 | Zalando SE (Germany)<sup>\*,1</sup> | 9430 |
| 307100 | ZOZO Inc. (Japan) | 7961 |
|  |  | 42653 |
| **IT SERVICES—2.8%** | **IT SERVICES—2.8%** | **IT SERVICES—2.8%** |
| 81352 | ALTEN SA (France) | 12500 |
| 11405311 | Capita plc (United Kingdom)<sup>\*</sup> | 3943 |
| 371416 | Edenred (France) | 20231 |
| 188731 | Infosys Ltd. ADR (India)<sup>2</sup> | 3548 |
| 461400 | NEC Corp. (Japan) | 16669 |
| 319000 | NET One Systems Co. Ltd. (Japan) | 8645 |
| 187200 | NS Solutions Corp. (Japan) | 4818 |
| 317700 | NTT Data Corp. (Japan) | 4928 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **IT SERVICES—Continued** | **IT SERVICES—Continued** | **IT SERVICES—Continued** |
| 33388 | Reply SpA (Italy) | $4334 |
| 522300 | SCSK Corp. (Japan) | 8507 |
| 312437 | Softcat plc (United Kingdom) | 4675 |
| 109132 | Tata Consultancy Services Ltd. (India) | 4504 |
|  |  | 97302 |
| **LEISURE PRODUCTS—0.4%** | **LEISURE PRODUCTS—0.4%** | **LEISURE PRODUCTS—0.4%** |
| 70878 | Mips AB (Sweden) | 2713 |
| 675300 | Sega Sammy Holdings Inc. (Japan) | 10693 |
|  |  | 13406 |
| **LIFE SCIENCES TOOLS & SERVICES—0.5%** | **LIFE SCIENCES TOOLS & SERVICES—0.5%** | **LIFE SCIENCES TOOLS & SERVICES—0.5%** |
| 217318 | Eurofins Scientific SE (France) | 15588 |
| 39851 | Gerresheimer AG (Germany) | 2947 |
|  |  | 18535 |
| **MACHINERY—3.9%** | **MACHINERY—3.9%** | **MACHINERY—3.9%** |
| 66109 | ALFA Laval AB (Sweden) | 2078 |
| 82186 | Andritz AG (Austria) | 4915 |
| 1885940 | CNH Industrial NV (Italy) | 33365 |
| 119400 | Daifuku Co. Ltd. (Japan) | 6575 |
| 676980 | Fluidra SA (Spain) | 11951 |
| 79840 | GEA Group AG (Germany) | 3602 |
| 377304 | Iveco Group NV (Italy)<sup>\*</sup> | 3090 |
| 376600 | Kubota Corp. (Japan) | 5660 |
| 323800 | Mitsubishi Heavy Industries Ltd. (Japan) | 12696 |
| 189000 | Miura Co. Ltd. (Japan) | 4729 |
| 551600 | NSK Ltd. (Japan) | 3102 |
| 711761 | Rotork plc (United Kingdom) | 2804 |
| 783780 | Sandvik AB (Sweden)<sup>\*</sup> | 16199 |
| 707200 | Sany Heavy Industry Co. Ltd. (China) | 1840 |
| 156311 | Stabilus SA (Germany)<sup>\*</sup> | 10782 |
| 516000 | Techtronic Industries Co. Ltd. (Hong Kong) | 6652 |
| 533701 | Wartsila OYJ ABP (Finland)<sup>\*</sup> | 5076 |
| 1913000 | Weichai Power Co. Ltd. (China) | 2889 |
|  |  | 138005 |
| **MARINE—0.3%** | **MARINE—0.3%** | **MARINE—0.3%** |
| 1090116 | Irish Continental Group plc (Ireland)<sup>\*</sup> | 5115 |
| 179500 | Kawasaki Kisen Kaisha Ltd. (Japan) | 3748 |
|  |  | 8863 |
| **MEDIA—2.4%** | **MEDIA—2.4%** | **MEDIA—2.4%** |
| 1045100 | Fuji Media Holdings Inc. (Japan) | 8827 |
| 447812 | Future plc (United Kingdom)<sup>\*</sup> | 8339 |
| 421700 | Hakuhodo DY Holdings Inc. (Japan) | 4557 |
| 639822 | Informa plc (United Kingdom) | 5292 |
| 12033228 | ITV plc (United Kingdom) | 12050 |
| 455426 | JCDecaux SA (France)<sup>\*</sup> | 10306 |
| 707100 | Nippon Television Holdings Inc. (Japan) | 5717 |
| 134131 | Schibsted ASA Class A (Norway) | 2929 |
| 57830 | Schibsted ASA Class B (Norway) | 1209 |
| 437400 | TBS Holdings Inc. (Japan) | 5106 |
| 222960 | Viaplay Group (Sweden)<sup>\*</sup> | 5505 |
| 1206362 | WPP plc (United Kingdom) | 14095 |
|  |  | 83932 |
| **METALS & MINING—4.9%** | **METALS & MINING—4.9%** | **METALS & MINING—4.9%** |
| 670672 | Acerinox SA (Spain) | 7263 |
| 175776 | African Rainbow Minerals Ltd. (South Africa) | 2883 |
| 157724 | Alleima AB (Sweden)<sup>\*</sup> | 789 |
| 19569 | Anglo American Platinum Ltd. (South Africa) | 1455 |
| 832748 | ArcelorMittal SA (France) | 25834 |

---

------

**Harbor International Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **METALS & MINING—Continued** | **METALS & MINING—Continued** | **METALS & MINING—Continued** |
| 636009 | BHP Group Ltd. (Australia) | $22274 |
| 257885 | BlueScope Steel Ltd. (Australia) | 3517 |
| 163100 | Dowa Holdings Co. Ltd. (Japan) | 5694 |
| 937684 | Evolution Mining Ltd. (Australia) | 2131 |
| 95364 | First Quantum Minerals Ltd. (Canada) | 2213 |
| 6577905 | Glencore plc (United Kingdom)<sup>\*</sup> | 44051 |
| 299983 | Newcrest Mining Ltd. (Australia) | 4767 |
| 59423 | OZ Minerals Ltd. (Australia) | 1177 |
| 381859 | Rio Tinto plc (United Kingdom) | 29900 |
| 217215 | Severstal PJSC GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
| 78996 | Southern Copper Corp. (Peru) | 5941 |
| 318600 | Sumitomo Metal Mining Co. Ltd. (Japan) | 12936 |
|  |  | 172825 |
| **MULTILINE RETAIL—0.2%** | **MULTILINE RETAIL—0.2%** | **MULTILINE RETAIL—0.2%** |
| 384700 | Marui Group Co. Ltd. (Japan) | 6555 |
| **OIL, GAS & CONSUMABLE FUELS—4.4%** | **OIL, GAS & CONSUMABLE FUELS—4.4%** | **OIL, GAS & CONSUMABLE FUELS—4.4%** |
| 2350350 | Beach Energy Ltd. (Australia) | 2526 |
| 14282457 | BP plc (United Kingdom) | 86270 |
| 1317851 | Equinor ASA (Norway) | 40164 |
| 1057400 | INPEX Corp. (Japan) | 11619 |
| 1649396 | Santos Ltd. (Australia) | 8420 |
| 229803 | Woodside Energy Group Ltd. (Australia) | 5950 |
|  |  | 154949 |
| **PAPER & FOREST PRODUCTS—0.3%** | **PAPER & FOREST PRODUCTS—0.3%** | **PAPER & FOREST PRODUCTS—0.3%** |
| 2622200 | Oji Holdings Corp. (Japan) | 10837 |
| **PERSONAL PRODUCTS—1.1%** | **PERSONAL PRODUCTS—1.1%** | **PERSONAL PRODUCTS—1.1%** |
| 20757 | AMOREPACIFIC Group (South Korea) | 695 |
| 335433 | Dabur India Ltd. (India) | 2283 |
| 868250 | L'Occitane International SA (Hong Kong) | 2416 |
| 364213 | Marico Ltd. (India)<sup>\*</sup> | 2222 |
| 596502 | Unilever plc (United Kingdom) | 30361 |
|  |  | 37977 |
| **PHARMACEUTICALS—4.2%** | **PHARMACEUTICALS—4.2%** | **PHARMACEUTICALS—4.2%** |
| 604015 | Novo Nordisk AS (Denmark) | 83589 |
| 177444 | Roche Holding AG (Switzerland) | 55393 |
| 81300 | Sawai Group Holdings Co. Ltd. (Japan) | 2515 |
| 341300 | Tsumura & Co. (Japan) | 7298 |
|  |  | 148795 |
| **PROFESSIONAL SERVICES—4.1%** | **PROFESSIONAL SERVICES—4.1%** | **PROFESSIONAL SERVICES—4.1%** |
| 348823 | Adecco Group AG (Switzerland)<sup>\*</sup> | 12956 |
| 366086 | ALS Ltd. (Australia) | 3397 |
| 603545 | Experian plc (United Kingdom) | 22071 |
| 9605438 | Hays plc (United Kingdom) | 14655 |
| 509987 | Intertek Group plc (United Kingdom) | 27410 |
| 309467 | IPH Ltd. (Australia) | 1872 |
| 410100 | Nomura Co. Ltd. (Japan) | 2951 |
| 674427 | PageGroup plc (United Kingdom)<sup>\*</sup> | 3797 |
| 223000 | Persol Holdings Co. Ltd. (Japan) | 4889 |
| 58626 | Randstad NV (Netherlands) | 3758 |
| 860886 | RELX plc (United Kingdom) | 25576 |
| 719221 | RWS Holdings plc (United Kingdom) | 3345 |
| 124000 | TechnoPro Holdings Inc. (Japan)<sup>\*</sup> | 3861 |
| 46278 | Teleperformance (France) | 12865 |
|  |  | 143403 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.7%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.7%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—0.7%** |
| 876200 | Daiwa House Industry Co. Ltd. (Japan) | $21042 |
| 587500 | Swire Pacific Ltd. (Hong Kong) | 5384 |
|  |  | 26426 |
| **ROAD & RAIL—0.5%** | **ROAD & RAIL—0.5%** | **ROAD & RAIL—0.5%** |
| 132700 | East Japan Railway Co. (Japan) | 7399 |
| 332311 | Localiza Rent A Car Ltd. (Brazil)<sup>\*</sup> | 3876 |
| 1282 | Localiza Rent A Car SA (Brazil)<sup>\*</sup> | 15 |
| 1176610 | National Express Group plc (United Kingdom)<sup>\*</sup> | 1938 |
| 581000 | Senko Group Holdings Co. Ltd. (Japan) | 4494 |
|  |  | 17722 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.5%** |
| 219700 | ASM Pacific Technology Ltd. (Hong Kong) | 1815 |
| 29306 | ASML Holding NV (Netherlands) | 19390 |
| 90000 | MediaTek Inc. (Taiwan) | 2174 |
| 1096300 | Renesas Electronics Corp. (Japan)<sup>\*</sup> | 11277 |
| 82600 | ROHM Co. Ltd. (Japan) | 6619 |
| 48929 | SK Hynix Inc. (South Korea)<sup>\*</sup> | 3540 |
| 480000 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. <br> (Taiwan)<br>| 8470 |
|  |  | 53285 |
| **SOFTWARE—0.2%** | **SOFTWARE—0.2%** | **SOFTWARE—0.2%** |
| 112900 | Oracle Corp. Japan (Japan) | 7734 |
| **SPECIALTY RETAIL—1.0%** | **SPECIALTY RETAIL—1.0%** | **SPECIALTY RETAIL—1.0%** |
| 123100 | ABC-Mart Inc. (Japan) | 6634 |
| 3987400 | Esprit Holdings Ltd. (Hong Kong)<sup>\*</sup> | 423 |
| 1448370 | Pets at Home Group plc (United Kingdom) | 6301 |
| 325800 | USS Co. Ltd. (Japan) | 5359 |
| 614803 | WH Smith plc (United Kingdom)<sup>\*</sup> | 12141 |
| 709500 | Zhongsheng Group Holdings Ltd (China) | 4015 |
|  |  | 34873 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.6%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.6%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—0.6%** |
| 301000 | Advantech Co. Ltd. (Taiwan) | 3442 |
| 132780 | Logitech International SA (Switzerland) | 7770 |
| 108408 | Quadient SA (France) | 1912 |
| 174655 | Samsung Electronics Co Ltd. (South Korea) | 8699 |
|  |  | 21823 |
| **TEXTILES, APPAREL & LUXURY GOODS—2.7%** | **TEXTILES, APPAREL & LUXURY GOODS—2.7%** | **TEXTILES, APPAREL & LUXURY GOODS—2.7%** |
| 106928 | Adidas AG (Germany) | 17217 |
| 222972 | Cie Financiere Richemont SA (Switzerland) | 34373 |
| 275114 | Cie Financiere Richemont SA ADR (South Africa)<sup>2</sup> | 4200 |
| 168388 | EssilorLuxottica SA (France) | 30896 |
| 292500 | Li Ning Co. Ltd. (China) | 2891 |
| 910800 | Samsonite International SA (Hong Kong)<sup>\*,1</sup> | 2713 |
| 281318 | Shenzhou International Group Holdings Ltd. (China) | 3543 |
| 814021 | Stella International Holdings Ltd. (Hong Kong) | 821 |
|  |  | 96654 |
| **THRIFTS & MORTGAGE FINANCE—0.1%** | **THRIFTS & MORTGAGE FINANCE—0.1%** | **THRIFTS & MORTGAGE FINANCE—0.1%** |
| 138091 | Housing Development Finance Corp. Ltd. (India) | 4455 |
| **TOBACCO—0.1%** | **TOBACCO—0.1%** | **TOBACCO—0.1%** |
| 77554 | British American Tobacco plc (United Kingdom) | 2973 |
| **TRADING COMPANIES & DISTRIBUTORS—1.7%** | **TRADING COMPANIES & DISTRIBUTORS—1.7%** | **TRADING COMPANIES & DISTRIBUTORS—1.7%** |
| 278500 | BOC Aviation Ltd. (China)<sup>1</sup> | 2319 |
| 270838 | Brenntag SE (Germany) | 20218 |
| 613733 | Bunzl plc (United Kingdom) | 22531 |

---

------

**Harbor International Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TRADING COMPANIES & DISTRIBUTORS—Continued** | **TRADING COMPANIES & DISTRIBUTORS—Continued** | **TRADING COMPANIES & DISTRIBUTORS—Continued** |
| 345700 | ITOCHU Corp. (Japan) | $11174 |
| 150947 | Rexel SA (France) | 3339 |
|  |  | 59581 |
| **TRANSPORTATION INFRASTRUCTURE—0.5%** | **TRANSPORTATION INFRASTRUCTURE—0.5%** | **TRANSPORTATION INFRASTRUCTURE—0.5%** |
| 516645 | Getlink SE (France) | 8739 |
| 205497 | &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV Class B <br> (Mexico)<br>| 3539 |
| 276100 | Mitsubishi Logistics Corp. (Japan) | 6447 |
|  |  | 18725 |
| **WIRELESS TELECOMMUNICATION SERVICES—0.2%** | **WIRELESS TELECOMMUNICATION SERVICES—0.2%** | **WIRELESS TELECOMMUNICATION SERVICES—0.2%** |
| 222300 | KDDI Corp. (Japan) | 6945 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $3,025,699) | &nbsp;&nbsp;&nbsp; (Cost $3,025,699) | 3484316 |

---

---

| | | |
|:---|:---|:---|
| **PREFERRED STOCKS—0.4%** | **PREFERRED STOCKS—0.4%** | **PREFERRED STOCKS—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AUTOMOBILES—0.4%** | **AUTOMOBILES—0.4%** | **AUTOMOBILES—0.4%** |
| 88490 | Volkswagen AG (Germany) | $12273 |
| **PERSONAL PRODUCTS—0.0%** | **PERSONAL PRODUCTS—0.0%** | **PERSONAL PRODUCTS—0.0%** |
| 8795 | AMOREPACIFIC Group (South Korea) | 223 |
| **TOTAL PREFERRED STOCKS** | **TOTAL PREFERRED STOCKS** | **TOTAL PREFERRED STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $14,385) | &nbsp;&nbsp;&nbsp; (Cost $14,385) | 12496 |
| **TOTAL INVESTMENTS—99.1%** | **TOTAL INVESTMENTS—99.1%** | **TOTAL INVESTMENTS—99.1%** |
| &nbsp;&nbsp;&nbsp; (Cost $3,040,084) | &nbsp;&nbsp;&nbsp; (Cost $3,040,084) | 3496812 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—0.9%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—0.9%** | 32118 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $3528930 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**RIGHTS/WARRANTS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **No. of Contracts** | **Strike Price** | **Expiration Date** | **Cost**<br> **(000s)**<br>| **Value**<br> **(000s)**<br>|
| Cie Financiere Richemont SA ADR (South Africa)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747887 | &nbsp;&nbsp;&nbsp; CHF 67.00 | 09/12/2023 | $— | $74 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Investments in Securities |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Africa | &nbsp;&nbsp;&nbsp;&nbsp; $— | $22989 | $— | $22989 |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 2280972 |  | 2280972 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 25020 |
| &nbsp;&nbsp;&nbsp; Middle East/Central Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10661 | &nbsp;&nbsp;&nbsp;&nbsp; 17995 |  | &nbsp;&nbsp;&nbsp;&nbsp; 28656 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 11410 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20944 | 1094325 |  | 1115269 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12273 |  | &nbsp;&nbsp;&nbsp;&nbsp; 12273 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $68035 | $3428777 | $— | $3496812 |
| Financial Derivative Instruments - Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rights/Warrants | &nbsp;&nbsp;&nbsp;&nbsp; $74 | $— | $— | $74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp;&nbsp;&nbsp; $68109 | $3428777 | $— | $3496886 |

---

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.

------

**Harbor International Fund** <br>**Portfolio of Investments—Continued**

------

**FAIR VALUE MEASUREMENTS—Continued**

The following is a rollforward of the Fund's Level 3 investments during the period ended January 31, 2023.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Valuation Description** | **Beginning**<br> **Balance**<br> **as of**<br> **11/01/2022**<br> **(000s)**<br>| **Purchases**<br> **(000s)**<br>| **Sales**<br> **(000s)**<br>| **Discount/**<br> **(Premium)**<br> **(000s)**<br>| **Total Realized**<br> **Gain/(Loss)**<br> **(000s)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br> **(000s)**<br>| **Transfers**<br> **Into**<br> **Level 3**<br> **(000s)**<br>| **Transfers**<br> **Out of**<br> **Level 3**<br> **(000s)**<br>| **Ending**<br> **Balance**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>| **Unrealized**<br> **Gain/Loss**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>|
| Common Stocks | $— | $— | $— | $— | $— | $— | $— | $— | $— | $(7678) |

---

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**<br> **as of 01/31/2023**<br> **(000s)**<br>| **Valuation**<br> **Technique**<br>| **Unobservable**<br> **Input(s)**<br>| **Input**<br> **Value(s)**<br>|
| Investments in Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Severstal PJSC GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | Market Approach | Estimated Recovery Value | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; X5 Retail Group NV GDR (Russia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp; — | 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $67,296 or 2% of net assets.<br>|
| 2 | Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific depositary receipts are certificates <br> 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.<br>|
| CHF | Swiss Franc |

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor International Growth Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—96.7%** | **COMMON STOCKS—96.7%** | **COMMON STOCKS—96.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AIR FREIGHT & LOGISTICS—0.5%** | **AIR FREIGHT & LOGISTICS—0.5%** | **AIR FREIGHT & LOGISTICS—0.5%** |
| 12261 | DSV AS (Denmark) | $2028 |
| **AUTO COMPONENTS—0.8%** | **AUTO COMPONENTS—0.8%** | **AUTO COMPONENTS—0.8%** |
| 57940 | Denso Corp. (Japan) | 3129 |
| **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** | **AUTOMOBILES—0.9%** |
| 96060 | Suzuki Motor Corp. (Japan) | 3602 |
| **BANKS—2.5%** | **BANKS—2.5%** | **BANKS—2.5%** |
| 431807 | United Overseas Bank Ltd. (Singapore) | 9815 |
| **BEVERAGES—3.8%** | **BEVERAGES—3.8%** | **BEVERAGES—3.8%** |
| 63614 | Anheuser-Busch InBev SA/NA (Belgium) | 3840 |
| 34943 | Remy Cointreau SA (France) | 6579 |
| 3296140 | Thai Beverage PCL (Thailand) | 1761 |
| 277577 | United Spirits Ltd. (India)<sup>\*</sup> | 2617 |
|  |  | 14797 |
| **BIOTECHNOLOGY—0.8%** | **BIOTECHNOLOGY—0.8%** | **BIOTECHNOLOGY—0.8%** |
| 162443 | BeiGene Ltd. (China)<sup>\*</sup> | 3193 |
| **BUILDING PRODUCTS—0.5%** | **BUILDING PRODUCTS—0.5%** | **BUILDING PRODUCTS—0.5%** |
| 185020 | NIBE Industrier AB (Sweden) | 1999 |
| **CAPITAL MARKETS—0.9%** | **CAPITAL MARKETS—0.9%** | **CAPITAL MARKETS—0.9%** |
| 321020 | Hargreaves Lansdown plc (United Kingdom) | 3534 |
| **CHEMICALS—0.4%** | **CHEMICALS—0.4%** | **CHEMICALS—0.4%** |
| 41387 | Asian Paints Ltd. (India) | 1384 |
| **DIVERSIFIED FINANCIAL SERVICES—2.7%** | **DIVERSIFIED FINANCIAL SERVICES—2.7%** | **DIVERSIFIED FINANCIAL SERVICES—2.7%** |
| 48947 | Exor NV (Netherlands)<sup>\*</sup> | 3891 |
| 351228 | Investor AB Class B (Sweden)<sup>\*</sup> | 6825 |
|  |  | 10716 |
| **ELECTRICAL EQUIPMENT—2.1%** | **ELECTRICAL EQUIPMENT—2.1%** | **ELECTRICAL EQUIPMENT—2.1%** |
| 61056 | Contemporary Amperex Technology Co. Ltd. (China)<sup>\*</sup> | 4235 |
| 73280 | Nidec Corp. (Japan) | 4061 |
|  |  | 8296 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—2.7%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—2.7%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—2.7%** |
| 11340 | Keyence Corp. (Japan) | 5220 |
| 95460 | Murata Manufacturing Co. Ltd. (Japan) | 5455 |
|  |  | 10675 |
| **ENTERTAINMENT—1.0%** | **ENTERTAINMENT—1.0%** | **ENTERTAINMENT—1.0%** |
| 26923 | Spotify Technology SA (United States)<sup>\*</sup> | 3035 |
| 50693 | Ubisoft Entertainment SA (France)<sup>\*</sup> | 1049 |
|  |  | 4084 |
| **FOOD & STAPLES RETAILING—3.6%** | **FOOD & STAPLES RETAILING—3.6%** | **FOOD & STAPLES RETAILING—3.6%** |
| 243225 | Jeronimo Martins SGPS SA (Portugal) | 5281 |
| 973280 | Raia Drogasil SA (Brazil)<sup>\*</sup> | 4761 |
| 36620 | Sugi Holdings Co. Ltd. (Japan) | 1600 |
| 689197 | Wal-Mart de Mexico SAB de CV (Mexico) | 2692 |
|  |  | 14334 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—4.6%** | **HEALTH CARE EQUIPMENT & SUPPLIES—4.6%** | **HEALTH CARE EQUIPMENT & SUPPLIES—4.6%** |
| 38773 | Cochlear Ltd. (Australia) | 5858 |
| 370480 | Olympus Corp. (Japan) | 6965 |
| 79240 | Sysmex Corp. (Japan) | 5260 |
|  |  | 18083 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HOTELS, RESTAURANTS & LEISURE—1.9%** | **HOTELS, RESTAURANTS & LEISURE—1.9%** | **HOTELS, RESTAURANTS & LEISURE—1.9%** |
| 61605 | MakeMyTrip Ltd. (India)<sup>\*</sup> | $1785 |
| 784669 | Trainline plc (United Kingdom)<sup>\*,1</sup> | 2747 |
| 78067 | Trip.com Group Ltd. (China)<sup>\*</sup> | 2872 |
|  |  | 7404 |
| **HOUSEHOLD PRODUCTS—1.7%** | **HOUSEHOLD PRODUCTS—1.7%** | **HOUSEHOLD PRODUCTS—1.7%** |
| 123840 | Pigeon Corp. (Japan) | 1968 |
| 122300 | Unicharm Corp. (Japan) | 4665 |
|  |  | 6633 |
| **INSURANCE—3.7%** | **INSURANCE—3.7%** | **INSURANCE—3.7%** |
| 640560 | AIA Group Ltd. (Hong Kong) | 7243 |
| 120892 | ICICI Lombard General Insurance Co Ltd. (India)<sup>1</sup> | 1682 |
| 710100 | Ping An Insurance Group Co. of China Ltd. (China) | 5516 |
|  |  | 14441 |
| **INTERACTIVE MEDIA & SERVICES—4.9%** | **INTERACTIVE MEDIA & SERVICES—4.9%** | **INTERACTIVE MEDIA & SERVICES—4.9%** |
| 923461 | Auto Trader Group plc (United Kingdom)<sup>1</sup> | 7165 |
| 177948 | Baidu Inc. Class A (China)<sup>\*</sup> | 2991 |
| 925739 | Rightmove plc (United Kingdom) | 6726 |
| 873400 | Z Holdings Corp. (Japan) | 2542 |
|  |  | 19424 |
| **INTERNET & DIRECT MARKETING RETAIL—11.1%** | **INTERNET & DIRECT MARKETING RETAIL—11.1%** | **INTERNET & DIRECT MARKETING RETAIL—11.1%** |
| 463736 | Alibaba Group Holding Ltd. (China)<sup>\*</sup> | 6376 |
| 133383 | Coupang Inc. (South Korea)<sup>\*</sup> | 2253 |
| 237941 | Farfetch Ltd. (United Kingdom)<sup>\*</sup> | 1623 |
| 37426 | Games Workshop Group plc (United Kingdom) | 4341 |
| 228240 | Meituan Class B (China)<sup>\*,1</sup> | 5102 |
| 6098 | MercadoLibre Inc. (Brazil)<sup>\*</sup> | 7206 |
| 129591 | Prosus NV (Netherlands)<sup>\*</sup> | 10464 |
| 139565 | Zalando SE (Germany)<sup>\*,1</sup> | 6508 |
|  |  | 43873 |
| **IT SERVICES—3.5%** | **IT SERVICES—3.5%** | **IT SERVICES—3.5%** |
| 3641 | Adyen NV (Netherlands)<sup>\*,1</sup> | 5505 |
| 113810 | Shopify Inc. (Canada)<sup>\*</sup> | 5608 |
| 398352 | Wise plc (United Kingdom)<sup>\*</sup> | 2670 |
|  |  | 13783 |
| **LEISURE PRODUCTS—1.2%** | **LEISURE PRODUCTS—1.2%** | **LEISURE PRODUCTS—1.2%** |
| 25680 | Shimano Inc. (Japan) | 4580 |
| **LIFE SCIENCES TOOLS & SERVICES—3.3%** | **LIFE SCIENCES TOOLS & SERVICES—3.3%** | **LIFE SCIENCES TOOLS & SERVICES—3.3%** |
| 6523 | Lonza Group AG (Switzerland)<sup>\*</sup> | 3721 |
| 5925 | Mettler-Toledo International Inc. (Switzerland)<sup>\*</sup> | 9083 |
|  |  | 12804 |
| **MACHINERY—7.8%** | **MACHINERY—7.8%** | **MACHINERY—7.8%** |
| 648476 | Atlas Copco AB Class A (Sweden)<sup>\*</sup> | 7695 |
| 285974 | Epiroc AB Class B (Sweden)<sup>\*</sup> | 4768 |
| 13280 | SMC Corp. (Japan) | 6745 |
| 527800 | Techtronic Industries Co. Ltd. (Hong Kong) | 6804 |
| 209748 | Weir Group plc (United Kingdom) | 4624 |
|  |  | 30636 |
| **OIL, GAS & CONSUMABLE FUELS—0.7%** | **OIL, GAS & CONSUMABLE FUELS—0.7%** | **OIL, GAS & CONSUMABLE FUELS—0.7%** |
| 101317 | Reliance Industries Ltd. (India)<sup>\*</sup> | 2926 |
| **PERSONAL PRODUCTS—2.9%** | **PERSONAL PRODUCTS—2.9%** | **PERSONAL PRODUCTS—2.9%** |
| 42940 | Kao Corp. (Japan) | 1736 |
| 182920 | Shiseido Co. Ltd. (Japan) | 9507 |
|  |  | 11243 |

---

------

**Harbor International Growth Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **PROFESSIONAL SERVICES—2.6%** | **PROFESSIONAL SERVICES—2.6%** | **PROFESSIONAL SERVICES—2.6%** |
| 107523 | Experian plc (United Kingdom) | $3932 |
| 57226 | Intertek Group plc (United Kingdom) | 3076 |
| 103700 | Recruit Holdings Co. Ltd. (Japan) | 3335 |
|  |  | 10343 |
| **ROAD & RAIL—0.9%** | **ROAD & RAIL—0.9%** | **ROAD & RAIL—0.9%** |
| 45595 | Canadian Pacific Railway Ltd. (Canada) | 3599 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—7.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—7.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—7.1%** |
| 14581 | ASML Holding NV (Netherlands) | 9648 |
| 595280 | Longi Green Energy Technology Co. Ltd. (China) | 4267 |
| 153641 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. ADR <br> (Taiwan)<sup>2</sup><br>| 14247 |
|  |  | 28162 |
| **SOFTWARE—1.6%** | **SOFTWARE—1.6%** | **SOFTWARE—1.6%** |
| 44199 | Nemetschek SE (Germany) | 2363 |
| 73324 | Xero Ltd. (New Zealand)<sup>\*</sup> | 4041 |
|  |  | 6404 |
| **SPECIALTY RETAIL—0.4%** | **SPECIALTY RETAIL—0.4%** | **SPECIALTY RETAIL—0.4%** |
| 189375 | AUTO1 Group SE (Germany)<sup>\*,1</sup> | 1534 |
| **TEXTILES, APPAREL & LUXURY GOODS—8.5%** | **TEXTILES, APPAREL & LUXURY GOODS—8.5%** | **TEXTILES, APPAREL & LUXURY GOODS—8.5%** |
| 18679 | Adidas AG (Germany) | 3008 |
| 137486 | Burberry Group plc (United Kingdom) | 4188 |
| 67410 | Cie Financiere Richemont SA (Switzerland) | 10392 |
| 6713 | Kering SA (France) | 4188 |
| 473900 | Li Ning Co. Ltd. (Hong Kong) | 4685 |
| 8216 | LVMH Moet Hennessy Louis Vuitton SE (France) | 7172 |
|  |  | 33633 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **THRIFTS & MORTGAGE FINANCE—2.3%** | **THRIFTS & MORTGAGE FINANCE—2.3%** | **THRIFTS & MORTGAGE FINANCE—2.3%** |
| 284688 | Housing Development Finance Corp. Ltd. (India) | $9185 |
| **TRADING COMPANIES & DISTRIBUTORS—2.0%** | **TRADING COMPANIES & DISTRIBUTORS—2.0%** | **TRADING COMPANIES & DISTRIBUTORS—2.0%** |
| 36853 | Ashtead Group plc (United Kingdom)<sup>\*</sup> | 2428 |
| 33875 | IMCD NV (Netherlands) | 5370 |
|  |  | 7798 |
| **WIRELESS TELECOMMUNICATION SERVICES—0.8%** | **WIRELESS TELECOMMUNICATION SERVICES—0.8%** | **WIRELESS TELECOMMUNICATION SERVICES—0.8%** |
| 69280 | SoftBank Group Corp. (Japan) | 3280 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $300,568) | &nbsp;&nbsp;&nbsp; (Cost $300,568) | 381354 |
| **PREFERRED STOCKS—2.2%** | **PREFERRED STOCKS—2.2%** | **PREFERRED STOCKS—2.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $2,076)  | &nbsp;&nbsp;&nbsp; (Cost $2,076)  |  |
| **HEALTH CARE EQUIPMENT & SUPPLIES—2.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.2%** |
| 19650 | Sartorius AG (Germany) | 8811 |
| **TOTAL INVESTMENTS—98.9%** | **TOTAL INVESTMENTS—98.9%** | **TOTAL INVESTMENTS—98.9%** |
| &nbsp;&nbsp;&nbsp; (Cost $302,644) | &nbsp;&nbsp;&nbsp; (Cost $302,644) | 390165 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—1.1%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.1%** | 4253 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $394418 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp; $10705 | $159260 | $— | $169965 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 14659 |
| &nbsp;&nbsp;&nbsp; Middle East/Central Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1785 | &nbsp;&nbsp;&nbsp; 17794 |  | &nbsp;&nbsp;&nbsp; 19579 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 12241 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16500 | 148410 |  | 164910 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8811 |  | &nbsp;&nbsp;&nbsp;&nbsp; 8811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $55890 | $334275 | $— | $390165 |

---

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.

------

**Harbor International Growth Fund** <br>**Portfolio of Investments—Continued**

------

---

| | |
|:---|:---|
| \* | 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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $30,243 or 8% of net assets.<br>|
| 2 | Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific depositary receipts are certificates <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor International Small Cap Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—94.2%** | **COMMON STOCKS—94.2%** | **COMMON STOCKS—94.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AIR FREIGHT & LOGISTICS—1.7%** | **AIR FREIGHT & LOGISTICS—1.7%** | **AIR FREIGHT & LOGISTICS—1.7%** |
| 7528600 | Singapore Post Ltd. (Singapore)<sup>\*</sup> | $3216 |
| **AUTO COMPONENTS—1.0%** | **AUTO COMPONENTS—1.0%** | **AUTO COMPONENTS—1.0%** |
| 1364730 | Johnson Electric Holdings Ltd. (Hong Kong) | 1874 |
| **BANKS—1.7%** | **BANKS—1.7%** | **BANKS—1.7%** |
| 1413156 | Virgin Money UK plc (United Kingdom) | 3381 |
| **BEVERAGES—1.8%** | **BEVERAGES—1.8%** | **BEVERAGES—1.8%** |
| 231191 | A.G. Barr plc (United Kingdom)<sup>\*</sup> | 1563 |
| 984213 | C&C Group plc (Ireland)<sup>\*</sup> | 1956 |
|  |  | 3519 |
| **CAPITAL MARKETS—1.7%** | **CAPITAL MARKETS—1.7%** | **CAPITAL MARKETS—1.7%** |
| 1486120 | TP ICAP Group plc (Jersey) | 3237 |
| **CHEMICALS—2.8%** | **CHEMICALS—2.8%** | **CHEMICALS—2.8%** |
| 204994 | Neo Performance Materials Inc. (Canada) | 1770 |
| 158120 | Victrex plc (United Kingdom) | 3599 |
|  |  | 5369 |
| **COMMERCIAL SERVICES & SUPPLIES—6.0%** | **COMMERCIAL SERVICES & SUPPLIES—6.0%** | **COMMERCIAL SERVICES & SUPPLIES—6.0%** |
| 129135 | ISS AS (Denmark)<sup>\*</sup> | 2823 |
| 97437 | Loomis AB (Sweden) | 2898 |
| 198527 | Mears Group plc (United Kingdom) | 502 |
| 1419389 | Serco Group plc (United Kingdom) | 2557 |
| 258081 | Transcontinental Inc. (Canada) | 2884 |
|  |  | 11664 |
| **CONSTRUCTION & ENGINEERING—1.9%** | **CONSTRUCTION & ENGINEERING—1.9%** | **CONSTRUCTION & ENGINEERING—1.9%** |
| 957551 | Maire Tecnimont SpA (Italy) | 3690 |
| **CONSUMER FINANCE—1.7%** | **CONSUMER FINANCE—1.7%** | **CONSUMER FINANCE—1.7%** |
| 37056 | Cembra Money Bank AG (Switzerland)<sup>\*</sup> | 3290 |
| **CONTAINERS & PACKAGING—1.4%** | **CONTAINERS & PACKAGING—1.4%** | **CONTAINERS & PACKAGING—1.4%** |
| 213200 | Fuji Seal International Inc. (Japan)<sup>\*</sup> | 2771 |
| **DISTRIBUTORS—2.6%** | **DISTRIBUTORS—2.6%** | **DISTRIBUTORS—2.6%** |
| 395311 | B&S Group Sarl (Luxembourg)<sup>1</sup> | 2176 |
| 77116 | PALTAC Corp. (Japan) | 2792 |
|  |  | 4968 |
| **DIVERSIFIED FINANCIAL SERVICES—1.7%** | **DIVERSIFIED FINANCIAL SERVICES—1.7%** | **DIVERSIFIED FINANCIAL SERVICES—1.7%** |
| 353896 | BFF Bank SpA (Italy)<sup>1</sup> | 3273 |
| **ELECTRICAL EQUIPMENT—1.2%** | **ELECTRICAL EQUIPMENT—1.2%** | **ELECTRICAL EQUIPMENT—1.2%** |
| 54426 | Mersen SA (France) | 2416 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—9.9%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—9.9%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—9.9%** |
| 159577 | Amano Corp. (Japan) | 2920 |
| 279161 | Anritsu Corp. (Japan) | 2674 |
| 74118 | &nbsp;&nbsp;&nbsp; AT&S Austria Technologie + Systemtechnik AG <br> (Austria)<sup>\*</sup><br>| 2543 |
| 184544 | Daiwabo Holdings Co. Ltd. (Japan) | 2793 |
| 41789 | Landis+Gyr Group AG (Switzerland)<sup>\*</sup> | 3079 |
| 126072 | Optex Group Co. Ltd. (Japan) | 2067 |
| 225620 | Venture Corp. Ltd. (Singapore) | 3186 |
|  |  | 19262 |
| **ENERGY EQUIPMENT & SERVICES—1.9%** | **ENERGY EQUIPMENT & SERVICES—1.9%** | **ENERGY EQUIPMENT & SERVICES—1.9%** |
| 186135 | Technip Energies NV (France)<sup>\*</sup> | 3609 |
| **FOOD & STAPLES RETAILING—0.9%** | **FOOD & STAPLES RETAILING—0.9%** | **FOOD & STAPLES RETAILING—0.9%** |
| 192652 | Qol Holdings Co. Ltd. (Japan) | 1741 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **FOOD PRODUCTS—8.1%** | **FOOD PRODUCTS—8.1%** | **FOOD PRODUCTS—8.1%** |
| 90815 | Ariake Japan Co. Ltd. (Japan) | $3063 |
| 2510579 | Aryzta AG (Switzerland)<sup>\*</sup> | 3418 |
| 508336 | AustAsia Group Ltd. (Singapore)<sup>\*</sup> | 370 |
| 357090 | Elders Ltd. (Australia) | 2458 |
| 235489 | Glanbia plc (Ireland) | 2874 |
| 2541682 | Japfa Ltd. (Singapore) | 660 |
| 93005 | Morinaga & Co. Ltd. (Japan) | 2758 |
|  |  | 15601 |
| **GAS UTILITIES—1.7%** | **GAS UTILITIES—1.7%** | **GAS UTILITIES—1.7%** |
| 121085 | Rubis SCA (France)<sup>\*</sup> | 3389 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—5.3%** | **HEALTH CARE EQUIPMENT & SUPPLIES—5.3%** | **HEALTH CARE EQUIPMENT & SUPPLIES—5.3%** |
| 120775 | Ansell Ltd. (Australia) | 2414 |
| 736929 | Arjo AB B Shares (Sweden)<sup>\*</sup> | 2860 |
| 221517 | Eiken Chemical Co. Ltd. (Japan) | 2712 |
| 76100 | JEOL Ltd. (Japan)<sup>\*</sup> | 2235 |
|  |  | 10221 |
| **HEALTH CARE PROVIDERS & SERVICES—1.4%** | **HEALTH CARE PROVIDERS & SERVICES—1.4%** | **HEALTH CARE PROVIDERS & SERVICES—1.4%** |
| 180661 | Fagron NV (Belgium)<sup>\*</sup> | 2671 |
| **HOTELS, RESTAURANTS & LEISURE—2.6%** | **HOTELS, RESTAURANTS & LEISURE—2.6%** | **HOTELS, RESTAURANTS & LEISURE—2.6%** |
| 173005 | RESORTTRUST, Inc. (Japan) | 3161 |
| 515364 | Round One Corp. (Japan) | 1899 |
|  |  | 5060 |
| **INDUSTRIAL CONGLOMERATES—1.1%** | **INDUSTRIAL CONGLOMERATES—1.1%** | **INDUSTRIAL CONGLOMERATES—1.1%** |
| 78519 | Indus Holding AG (Germany) | 2076 |
| **INSURANCE—5.3%** | **INSURANCE—5.3%** | **INSURANCE—5.3%** |
| 63377 | ASR Nederland NV (Netherlands) | 3000 |
| 223303 | Coface SA (France) | 3122 |
| 839789 | Direct Line Insurance Group plc (United Kingdom) | 1841 |
| 1165313 | Mapfre SA (Spain) | 2344 |
|  |  | 10307 |
| **IT SERVICES—1.7%** | **IT SERVICES—1.7%** | **IT SERVICES—1.7%** |
| 109223 | Tietoevry OYJ (Finland) | 3326 |
| **LEISURE PRODUCTS—1.4%** | **LEISURE PRODUCTS—1.4%** | **LEISURE PRODUCTS—1.4%** |
| 137400 | Globeride Inc. (Japan)<sup>\*</sup> | 2817 |
| **MACHINERY—9.9%** | **MACHINERY—9.9%** | **MACHINERY—9.9%** |
| 90448 | Construcciones y Auxiliar de Ferrocarrilies SA (Spain)<sup>\*</sup> | 2913 |
| 349572 | Husqvarna AB (Sweden) | 2974 |
| 19301 | Krones AG (Germany) | 2254 |
| 213900 | METAWATER Co. Ltd. (Japan)<sup>\*</sup> | 2823 |
| 88940 | Nabtesco Corp. (Japan) | 2604 |
| 129250 | Norma Group SE (Germany) | 2782 |
| 178512 | OSG Corp. (Japan)<sup>\*</sup> | 2802 |
|  |  | 19152 |
| **MEDIA—4.9%** | **MEDIA—4.9%** | **MEDIA—4.9%** |
| 646949 | &nbsp;&nbsp;&nbsp; Atresmedia Corp. de Medios de Comunicacion SA <br> (Spain)<sup>\*</sup><br>| 2412 |
| 130789 | Criteo SA ADR (France)<sup>\*,2</sup> | 3956 |
| 64401 | RTL Group SA (Luxembourg) | 3125 |
|  |  | 9493 |
| **PERSONAL PRODUCTS—1.3%** | **PERSONAL PRODUCTS—1.3%** | **PERSONAL PRODUCTS—1.3%** |
| 315469 | Ontex Group NV (Belgium)<sup>\*</sup> | 2452 |

---

------

**Harbor International Small Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **PROFESSIONAL SERVICES—1.6%** | **PROFESSIONAL SERVICES—1.6%** | **PROFESSIONAL SERVICES—1.6%** |
| 206762 | Open Up Group Inc. (Japan)<sup>\*</sup> | $3050 |
| **ROAD & RAIL—1.6%** | **ROAD & RAIL—1.6%** | **ROAD & RAIL—1.6%** |
| 562678 | Redde Northgate plc (United Kingdom) | 3016 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.7%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.7%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.7%** |
| 372342 | X-FAB Silicon Foundries SE (Belgium)<sup>\*,1</sup> | 3256 |
| **SOFTWARE—3.0%** | **SOFTWARE—3.0%** | **SOFTWARE—3.0%** |
| 268332 | Computer Engineering & Consulting Ltd. (Japan) | 3127 |
| 371561 | TomTom NV (Netherlands)<sup>\*</sup> | 2641 |
|  |  | 5768 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TEXTILES, APPAREL & LUXURY GOODS—1.7%** | **TEXTILES, APPAREL & LUXURY GOODS—1.7%** | **TEXTILES, APPAREL & LUXURY GOODS—1.7%** |
| 3744922 | Coats Group plc (United Kingdom) | $3367 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $168,602) | &nbsp;&nbsp;&nbsp; (Cost $168,602) | 182302 |
| **TOTAL INVESTMENTS—94.2%** | **TOTAL INVESTMENTS—94.2%** | **TOTAL INVESTMENTS—94.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $168,602) | &nbsp;&nbsp;&nbsp; (Cost $168,602) | 182302 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—5.8%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—5.8%** | 11199 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $193501 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp; $4284 | $108377 | $— | $112661 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 4654 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370 | &nbsp;&nbsp;&nbsp; 64617 |  | &nbsp;&nbsp;&nbsp; 64987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $9308 | $172994 | $— | $182302 |

---

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 <br> from registration, normally to qualified institutional buyers. The Fund has no right to demand registration of these securities. As of January 31, 2023, the aggregate value <br> of these securities was $8,705 or 5% of net assets.<br>|
| 2 | Depositary receipts such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other country specific depositary receipts are certificates <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Large Cap Value Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—97.2%** | **COMMON STOCKS—97.2%** | **COMMON STOCKS—97.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—2.0%** | **AEROSPACE & DEFENSE—2.0%** | **AEROSPACE & DEFENSE—2.0%** |
| 184000 | General Dynamics Corp. | $42883 |
| **AUTO COMPONENTS—1.9%** | **AUTO COMPONENTS—1.9%** | **AUTO COMPONENTS—1.9%** |
| 2582000 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA ADR <br> (France)<sup>1</sup><br>| 40744 |
| **BANKS—7.2%** | **BANKS—7.2%** | **BANKS—7.2%** |
| 452550 | Commerce Bancshares Inc. | 30122 |
| 322000 | Cullen/Frost Bankers Inc. | 41950 |
| 4332000 | Mitsubishi UFJ Financial Group Inc. ADR (Japan)<sup>1</sup> | 31927 |
| 295000 | PNC Financial Services Group Inc. | 48802 |
|  |  | 152801 |
| **BEVERAGES—4.3%** | **BEVERAGES—4.3%** | **BEVERAGES—4.3%** |
| 828000 | Coca-Cola Co. | 50773 |
| 171000 | Constellation Brands Inc. | 39590 |
|  |  | 90363 |
| **BIOTECHNOLOGY—2.6%** | **BIOTECHNOLOGY—2.6%** | **BIOTECHNOLOGY—2.6%** |
| 215000 | Amgen Inc. | 54266 |
| **CAPITAL MARKETS—5.2%** | **CAPITAL MARKETS—5.2%** | **CAPITAL MARKETS—5.2%** |
| 183000 | Ameriprise Financial Inc. | 64072 |
| 483000 | Blackstone Group Inc. | 46349 |
|  |  | 110421 |
| **CHEMICALS—7.8%** | **CHEMICALS—7.8%** | **CHEMICALS—7.8%** |
| 1274000 | Corteva Inc. | 82109 |
| 256000 | Ecolab Inc. | 39636 |
| 492000 | RPM International Inc. | 44236 |
|  |  | 165981 |
| **CONSTRUCTION MATERIALS—2.6%** | **CONSTRUCTION MATERIALS—2.6%** | **CONSTRUCTION MATERIALS—2.6%** |
| 151000 | Martin Marietta Materials Inc. | 54306 |
| **CONSUMER FINANCE—2.7%** | **CONSUMER FINANCE—2.7%** | **CONSUMER FINANCE—2.7%** |
| 477000 | Capital One Financial Corp. | 56763 |
| **ELECTRIC UTILITIES—2.4%** | **ELECTRIC UTILITIES—2.4%** | **ELECTRIC UTILITIES—2.4%** |
| 745000 | Xcel Energy Inc. | 51234 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—3.7%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—3.7%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—3.7%** |
| 316000 | Crown Castle International Corp. | 46803 |
| 452000 | Equity Lifestyle Properties Inc. | 32444 |
|  |  | 79247 |
| **FOOD & STAPLES RETAILING—2.0%** | **FOOD & STAPLES RETAILING—2.0%** | **FOOD & STAPLES RETAILING—2.0%** |
| 535000 | Sysco Corp. | 41441 |
| **GAS UTILITIES—2.5%** | **GAS UTILITIES—2.5%** | **GAS UTILITIES—2.5%** |
| 449000 | Atmos Energy Corp. | 52775 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—3.8%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.8%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.8%** |
| 580000 | Alcon Inc. (Switzerland) | 43622 |
| 442000 | Medtronic plc (Ireland) | 36991 |
|  |  | 80613 |
| **HOUSEHOLD DURABLES—5.5%** | **HOUSEHOLD DURABLES—5.5%** | **HOUSEHOLD DURABLES—5.5%** |
| 605000 | Lennar Corp. Class A | 61952 |
| 7126 | Lennar Corp. Class B | 616 |
| 592000 | Sony Corp. ADR (Japan)<sup>1</sup> | 52960 |
|  |  | 115528 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HOUSEHOLD PRODUCTS—2.1%** | **HOUSEHOLD PRODUCTS—2.1%** | **HOUSEHOLD PRODUCTS—2.1%** |
| 320000 | Procter & Gamble Co. | $45562 |
| **INDUSTRIAL CONGLOMERATES—2.4%** | **INDUSTRIAL CONGLOMERATES—2.4%** | **INDUSTRIAL CONGLOMERATES—2.4%** |
| 244000 | Honeywell International Inc. | 50869 |
| **INSURANCE—2.3%** | **INSURANCE—2.3%** | **INSURANCE—2.3%** |
| 426000 | Cincinnati Financial Corp | 48202 |
| **IT SERVICES—0.8%** | **IT SERVICES—0.8%** | **IT SERVICES—0.8%** |
| 208000 | PayPal Holdings Inc.<sup>\*</sup> | 16950 |
| **LIFE SCIENCES TOOLS & SERVICES—2.8%** | **LIFE SCIENCES TOOLS & SERVICES—2.8%** | **LIFE SCIENCES TOOLS & SERVICES—2.8%** |
| 227000 | Danaher Corp. | 60014 |
| **MACHINERY—6.9%** | **MACHINERY—6.9%** | **MACHINERY—6.9%** |
| 331000 | Oshkosh Corp. | 33358 |
| 193000 | Parker-Hannifin Corp. | 62918 |
| 470000 | Xylem Inc. | 48885 |
|  |  | 145161 |
| **OIL, GAS & CONSUMABLE FUELS—4.1%** | **OIL, GAS & CONSUMABLE FUELS—4.1%** | **OIL, GAS & CONSUMABLE FUELS—4.1%** |
| 1934000 | Coterra Energy Inc. | 48408 |
| 376000 | Phillips 66 | 37701 |
|  |  | 86109 |
| **PHARMACEUTICALS—2.6%** | **PHARMACEUTICALS—2.6%** | **PHARMACEUTICALS—2.6%** |
| 510000 | Merck & Co. Inc. | 54779 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.5%** |
| 795000 | Microchip Technology Inc. | 61708 |
| 414000 | QUALCOMM Inc. | 55149 |
|  |  | 116857 |
| **SOFTWARE—11.5%** | **SOFTWARE—11.5%** | **SOFTWARE—11.5%** |
| 157000 | Adobe Inc.<sup>\*</sup> | 58143 |
| 203000 | ANSYS Inc.<sup>\*</sup> | 54071 |
| 238000 | Autodesk Inc.<sup>\*</sup> | 51208 |
| 321000 | Microsoft Corp. | 79547 |
|  |  | 242969 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $1,485,416) | &nbsp;&nbsp;&nbsp; (Cost $1,485,416) | 2056838 |
| **TOTAL INVESTMENTS—97.2%** | **TOTAL INVESTMENTS—97.2%** | **TOTAL INVESTMENTS—97.2%** |
| &nbsp;&nbsp;&nbsp; (Cost $1,485,416) | &nbsp;&nbsp;&nbsp; (Cost $1,485,416) | 2056838 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—2.8%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—2.8%** | 60252 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $2117090 |

---

------

**Harbor Large Cap Value Fund** <br>**Portfolio of Investments—Continued**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

---

| | |
|:---|:---|
| \* | 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 <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Mid Cap Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—98.4%** | **COMMON STOCKS—98.4%** | **COMMON STOCKS—98.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—6.8%** | **AEROSPACE & DEFENSE—6.8%** | **AEROSPACE & DEFENSE—6.8%** |
| 6769 | General Dynamics Corp. | $1578 |
| 26145 | Hexcel Corp. | 1845 |
| 42776 | Spirit AeroSystems Holdings Inc. | 1546 |
| 15213 | Woodward Inc. | 1556 |
|  |  | 6525 |
| **BANKS—1.8%** | **BANKS—1.8%** | **BANKS—1.8%** |
| 88231 | KeyCorp | 1693 |
| **BUILDING PRODUCTS—2.1%** | **BUILDING PRODUCTS—2.1%** | **BUILDING PRODUCTS—2.1%** |
| 37915 | Masco Corp. | 2017 |
| **CAPITAL MARKETS—7.6%** | **CAPITAL MARKETS—7.6%** | **CAPITAL MARKETS—7.6%** |
| 16841 | Houlihan Lokey Inc. | 1668 |
| 16864 | Intercontinental Exchange Inc. | 1814 |
| 18679 | Raymond James Financial Inc. | 2106 |
| 25261 | Stifel Financial Corp. | 1703 |
|  |  | 7291 |
| **CHEMICALS—5.0%** | **CHEMICALS—5.0%** | **CHEMICALS—5.0%** |
| 7700 | Albemarle Corp. | 2167 |
| 10282 | Eastman Chemical Co. | 906 |
| 22865 | Scotts Miracle-Gro Co. | 1651 |
|  |  | 4724 |
| **COMMERCIAL SERVICES & SUPPLIES—3.6%** | **COMMERCIAL SERVICES & SUPPLIES—3.6%** | **COMMERCIAL SERVICES & SUPPLIES—3.6%** |
| 18539 | Republic Services Inc. | 2314 |
| 20563 | Stericycle Inc.<sup>\*</sup> | 1107 |
|  |  | 3421 |
| **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** |
| 19260 | Lumentum Holdings Inc.<sup>\*</sup> | 1159 |
| **CONTAINERS & PACKAGING—2.8%** | **CONTAINERS & PACKAGING—2.8%** | **CONTAINERS & PACKAGING—2.8%** |
| 7956 | Packaging Corp. of America | 1135 |
| 28332 | Sealed Air Corp. | 1552 |
|  |  | 2687 |
| **ELECTRICAL EQUIPMENT—2.1%** | **ELECTRICAL EQUIPMENT—2.1%** | **ELECTRICAL EQUIPMENT—2.1%** |
| 38799 | Sensata Technologies Holding plc (United Kingdom) | 1973 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.2%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.2%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.2%** |
| 12584 | Arrow Electronics Inc.<sup>\*</sup> | 1478 |
| 13887 | Keysight Technologies Inc.<sup>\*</sup> | 2491 |
|  |  | 3969 |
| **ENERGY EQUIPMENT & SERVICES—2.3%** | **ENERGY EQUIPMENT & SERVICES—2.3%** | **ENERGY EQUIPMENT & SERVICES—2.3%** |
| 35170 | ChampionX Corp. | 1162 |
| 21888 | Helmerich & Payne Inc. | 1060 |
|  |  | 2222 |
| **ENTERTAINMENT—1.6%** | **ENTERTAINMENT—1.6%** | **ENTERTAINMENT—1.6%** |
| 20004 | Activision Blizzard Inc. | 1532 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.4%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.4%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.4%** |
| 53825 | Americold Realty Trust | 1691 |
| 16236 | Boston Properties Inc. | 1210 |
| 4304 | SBA Communications Corp. | 1280 |
|  |  | 4181 |
| **FOOD & STAPLES RETAILING—1.3%** | **FOOD & STAPLES RETAILING—1.3%** | **FOOD & STAPLES RETAILING—1.3%** |
| 16329 | Sysco Corp. | 1265 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HEALTH CARE EQUIPMENT & SUPPLIES—1.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—1.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—1.2%** |
| 30285 | Dentsply Sirona Inc. | $1115 |
| **HEALTH CARE PROVIDERS & SERVICES—2.8%** | **HEALTH CARE PROVIDERS & SERVICES—2.8%** | **HEALTH CARE PROVIDERS & SERVICES—2.8%** |
| 8491 | AmerisourceBergen Corp. | 1435 |
| 4885 | Laboratory Corp. of America Holdings | 1231 |
|  |  | 2666 |
| **HOTELS, RESTAURANTS & LEISURE—2.2%** | **HOTELS, RESTAURANTS & LEISURE—2.2%** | **HOTELS, RESTAURANTS & LEISURE—2.2%** |
| 14236 | Darden Restaurants Inc. | 2107 |
| **HOUSEHOLD DURABLES—1.7%** | **HOUSEHOLD DURABLES—1.7%** | **HOUSEHOLD DURABLES—1.7%** |
| 16585 | D.R. Horton Inc. | 1637 |
| **INSURANCE—6.7%** | **INSURANCE—6.7%** | **INSURANCE—6.7%** |
| 12910 | Reinsurance Group of America Inc. | 1959 |
| 9949 | Renaissance Holdings Ltd. (Bermuda) | 1947 |
| 18539 | The Progressive Corp. | 2528 |
|  |  | 6434 |
| **IT SERVICES—5.6%** | **IT SERVICES—5.6%** | **IT SERVICES—5.6%** |
| 15189 | Akamai Technologies Inc.<sup>\*</sup> | 1351 |
| 21121 | Black Knight Inc.<sup>\*</sup> | 1280 |
| 8514 | Broadridge Financial Solutions Inc. | 1280 |
| 13050 | Global Payments Inc. | 1471 |
|  |  | 5382 |
| **LIFE SCIENCES TOOLS & SERVICES—4.7%** | **LIFE SCIENCES TOOLS & SERVICES—4.7%** | **LIFE SCIENCES TOOLS & SERVICES—4.7%** |
| 14143 | Agilent Technologies Inc. | 2151 |
| 3466 | Bio-Rad Laboratories Inc.<sup>\*</sup> | 1620 |
| 19842 | Syneos Health Inc.<sup>\*</sup> | 713 |
|  |  | 4484 |
| **MACHINERY—4.7%** | **MACHINERY—4.7%** | **MACHINERY—4.7%** |
| 5885 | Cummins Inc. | 1469 |
| 8816 | Dover Corp. | 1338 |
| 6699 | Snap-on Inc. | 1666 |
|  |  | 4473 |
| **MULTI-UTILITIES—1.3%** | **MULTI-UTILITIES—1.3%** | **MULTI-UTILITIES—1.3%** |
| 13491 | WEC Energy Group Inc. | 1268 |
| **OIL, GAS & CONSUMABLE FUELS—2.7%** | **OIL, GAS & CONSUMABLE FUELS—2.7%** | **OIL, GAS & CONSUMABLE FUELS—2.7%** |
| 64152 | Coterra Energy Inc. | 1606 |
| 23005 | Murphy Oil Corp. | 1003 |
|  |  | 2609 |
| **PHARMACEUTICALS—1.4%** | **PHARMACEUTICALS—1.4%** | **PHARMACEUTICALS—1.4%** |
| 25238 | Catalent Inc.<sup>\*</sup> | 1351 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.5%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.5%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—2.5%** |
| 27704 | CBRE Group Inc.<sup>\*</sup> | 2369 |
| **ROAD & RAIL—1.4%** | **ROAD & RAIL—1.4%** | **ROAD & RAIL—1.4%** |
| 44102 | CSX Corp. | 1364 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—4.8%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—4.8%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—4.8%** |
| 10305 | Applied Materials Inc. | 1149 |
| 22144 | Entegris Inc. | 1787 |
| 14631 | Skyworks Solutions Inc. | 1605 |
|  |  | 4541 |

---

------

**Harbor Mid Cap Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **SOFTWARE—4.0%** | **SOFTWARE—4.0%** | **SOFTWARE—4.0%** |
| 6513 | ANSYS Inc.<sup>\*</sup> | $1735 |
| 5746 | Synopsys Inc.<sup>\*</sup> | 2032 |
|  |  | 3767 |
| **SPECIALTY RETAIL—0.8%** | **SPECIALTY RETAIL—0.8%** | **SPECIALTY RETAIL—0.8%** |
| 8839 | TJX Companies Inc. | 724 |
| **TRADING COMPANIES & DISTRIBUTORS—3.1%** | **TRADING COMPANIES & DISTRIBUTORS—3.1%** | **TRADING COMPANIES & DISTRIBUTORS—3.1%** |
| 37612 | Air Lease Corp. | 1691 |
| 11305 | GATX Corp. | 1294 |
|  |  | 2985 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $85,670) | &nbsp;&nbsp;&nbsp; (Cost $85,670) | 93935 |
| **TOTAL INVESTMENTS—98.4%** | **TOTAL INVESTMENTS—98.4%** | **TOTAL INVESTMENTS—98.4%** |
| &nbsp;&nbsp;&nbsp; (Cost $85,670) | &nbsp;&nbsp;&nbsp; (Cost $85,670) | 93935 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—1.6%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.6%** | 1556 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $95491 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

\* Non-income producing security

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Mid Cap Value Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—99.3%** | **COMMON STOCKS—99.3%** | **COMMON STOCKS—99.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—0.7%** | **AEROSPACE & DEFENSE—0.7%** | **AEROSPACE & DEFENSE—0.7%** |
| 3700 | Huntington Ingalls Industries Inc. | $816 |
| 15200 | Moog Inc. | 1449 |
|  |  | 2265 |
| **AIRLINES—1.1%** | **AIRLINES—1.1%** | **AIRLINES—1.1%** |
| 36000 | Alaska Air Group Inc.<sup>\*</sup> | 1848 |
| 31500 | United Airlines Holdings Inc.<sup>\*</sup> | 1542 |
|  |  | 3390 |
| **AUTO COMPONENTS—1.2%** | **AUTO COMPONENTS—1.2%** | **AUTO COMPONENTS—1.2%** |
| 137900 | American Axle & Manufacturing Holdings Inc.<sup>\*</sup> | 1223 |
| 36000 | BorgWarner Inc. | 1702 |
| 68900 | Goodyear Tire & Rubber Co.<sup>\*</sup> | 775 |
|  |  | 3700 |
| **AUTOMOBILES—1.5%** | **AUTOMOBILES—1.5%** | **AUTOMOBILES—1.5%** |
| 62200 | Harley-Davidson Inc. | 2863 |
| 21300 | THOR Industries Inc. | 2031 |
|  |  | 4894 |
| **BANKS—4.6%** | **BANKS—4.6%** | **BANKS—4.6%** |
| 83200 | Citizens Financial Group Inc. | 3604 |
| 49600 | Fifth Third Bancorp | 1800 |
| 127600 | KeyCorp | 2449 |
| 170600 | Regions Financial Corp. | 4016 |
| 52900 | Zions Bancorporation | 2812 |
|  |  | 14681 |
| **BEVERAGES—1.2%** | **BEVERAGES—1.2%** | **BEVERAGES—1.2%** |
| 72300 | Molson Coors Beverage Co. | 3802 |
| **BIOTECHNOLOGY—1.4%** | **BIOTECHNOLOGY—1.4%** | **BIOTECHNOLOGY—1.4%** |
| 176100 | Ironwood Pharmaceuticals Inc.<sup>\*</sup> | 2029 |
| 8800 | United Therapeutics Corp.<sup>\*</sup> | 2316 |
|  |  | 4345 |
| **BUILDING PRODUCTS—1.4%** | **BUILDING PRODUCTS—1.4%** | **BUILDING PRODUCTS—1.4%** |
| 47400 | Owens Corning | 4581 |
| **CAPITAL MARKETS—3.0%** | **CAPITAL MARKETS—3.0%** | **CAPITAL MARKETS—3.0%** |
| 11700 | Ameriprise Financial Inc. | 4096 |
| 60800 | Bank of New York Mellon Corp. | 3075 |
| 30900 | Jefferies Financial Group Inc.<sup>\*</sup> | 1214 |
| 33700 | Lazard Ltd. (Bermuda) | 1351 |
|  |  | 9736 |
| **CHEMICALS—4.2%** | **CHEMICALS—4.2%** | **CHEMICALS—4.2%** |
| 18100 | Celanese Corp. | 2230 |
| 56013 | Chemours Co. | 2038 |
| 14300 | Eastman Chemical Co. | 1261 |
| 95300 | Huntsman Corp. | 3020 |
| 16170 | Ingevity Corp.<sup>\*</sup> | 1333 |
| 52300 | Koppers Holdings Inc. | 1810 |
| 12600 | LyondellBasell Industries N.V. (Netherlands) | 1218 |
| 21500 | Trinseo plc (Luxembourg) | 597 |
|  |  | 13507 |
| **CONSUMER FINANCE—3.1%** | **CONSUMER FINANCE—3.1%** | **CONSUMER FINANCE—3.1%** |
| 117500 | Ally Financial Inc. | 3818 |
| 10900 | Discover Financial Services | 1272 |
| 166600 | Navient Corp. | 3161 |
| 46400 | Synchrony Financial | 1704 |
|  |  | 9955 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **CONTAINERS & PACKAGING—3.6%** | **CONTAINERS & PACKAGING—3.6%** | **CONTAINERS & PACKAGING—3.6%** |
| 33400 | Berry Global Group Inc.<sup>\*</sup> | $2062 |
| 37700 | Greif Inc. | 2693 |
| 88500 | O-I Glass Inc.<sup>\*</sup> | 1704 |
| 42800 | Silgan Holdings Inc. | 2306 |
| 72300 | WestRock Co. | 2837 |
|  |  | 11602 |
| **DIVERSIFIED CONSUMER SERVICES—0.7%** | **DIVERSIFIED CONSUMER SERVICES—0.7%** | **DIVERSIFIED CONSUMER SERVICES—0.7%** |
| 56500 | H&R Block Inc. | 2202 |
| **DIVERSIFIED FINANCIAL SERVICES—0.8%** | **DIVERSIFIED FINANCIAL SERVICES—0.8%** | **DIVERSIFIED FINANCIAL SERVICES—0.8%** |
| 79987 | &nbsp;&nbsp;&nbsp; Banco Latinoamericano de Comercio Exterior SA <br> (Panama)<br>| 1378 |
| 18400 | Voya Financial Inc. | 1284 |
|  |  | 2662 |
| **ELECTRIC UTILITIES—0.9%** | **ELECTRIC UTILITIES—0.9%** | **ELECTRIC UTILITIES—0.9%** |
| 88600 | NRG Energy Inc. | 3032 |
| **ELECTRICAL EQUIPMENT—0.9%** | **ELECTRICAL EQUIPMENT—0.9%** | **ELECTRICAL EQUIPMENT—0.9%** |
| 21800 | Atkore Inc.<sup>\*</sup> | 2839 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.9%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.9%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—4.9%** |
| 27100 | Arrow Electronics Inc.<sup>\*</sup> | 3184 |
| 24200 | Avnet Inc. | 1110 |
| 47100 | Jabil Inc. | 3703 |
| 27000 | Methode Electronics Inc. | 1289 |
| 40600 | Sanmina Corp.<sup>\*</sup> | 2474 |
| 10300 | SYNNEX Corp. | 1052 |
| 87900 | TTM Technologies Inc.<sup>\*</sup> | 1382 |
| 69800 | Vishay Intertechnology Inc. | 1598 |
|  |  | 15792 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—6.2%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—6.2%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—6.2%** |
| 99400 | Brandywine Realty Trust | 652 |
| 121600 | Brixmor Property Group Inc. | 2861 |
| 240078 | Franklin Street Properties Corp. | 739 |
| 137900 | Hersha Hospitality Trust | 1269 |
| 114400 | Medical Properties Trust Inc. | 1482 |
| 52750 | Office Properties Income Trust | 905 |
| 74800 | Omega Healthcare Investors Inc. | 2202 |
| 139000 | Paramount Group Inc. | 897 |
| 138248 | Piedmont Office Realty Trust Inc. | 1465 |
| 80100 | Sabra Health Care REIT Inc. | 1081 |
| 102411 | Service Properties Trust | 913 |
| 19400 | Simon Property Group Inc. | 2492 |
| 95800 | SITE Centers Corp. | 1308 |
| 82900 | Tanger Factory Outlet Centers Inc. | 1584 |
|  |  | 19850 |
| **FOOD & STAPLES RETAILING—3.3%** | **FOOD & STAPLES RETAILING—3.3%** | **FOOD & STAPLES RETAILING—3.3%** |
| 30500 | Ingles Markets Inc. | 2898 |
| 87900 | Kroger Co. | 3923 |
| 80000 | Sprouts Farmers Market Inc.<sup>\*</sup> | 2556 |
| 31500 | Walgreens Boots Alliance Inc.<sup>\*</sup> | 1161 |
|  |  | 10538 |
| **FOOD PRODUCTS—3.1%** | **FOOD PRODUCTS—3.1%** | **FOOD PRODUCTS—3.1%** |
| 24900 | Archer Daniels Midland Co. | 2063 |
| 57500 | Conagra Brands Inc. | 2138 |
| 23800 | Ingredion Inc. | 2447 |

---

------

**Harbor Mid Cap Value Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **FOOD PRODUCTS—Continued** | **FOOD PRODUCTS—Continued** | **FOOD PRODUCTS—Continued** |
| 5900 | JM Smucker Co. | $902 |
| 35000 | Tyson Foods Inc. | 2301 |
|  |  | 9851 |
| **GAS UTILITIES—1.7%** | **GAS UTILITIES—1.7%** | **GAS UTILITIES—1.7%** |
| 40000 | National Fuel Gas Co. | 2322 |
| 78200 | UGI Corp. | 3115 |
|  |  | 5437 |
| **HEALTH CARE PROVIDERS & SERVICES—3.5%** | **HEALTH CARE PROVIDERS & SERVICES—3.5%** | **HEALTH CARE PROVIDERS & SERVICES—3.5%** |
| 41800 | Cardinal Health Inc. | 3229 |
| 29900 | DaVita Inc.<sup>\*</sup> | 2463 |
| 4800 | Laboratory Corp. of America Holdings | 1210 |
| 7000 | McKesson Corp. | 2651 |
| 11200 | Universal Health Services Inc. | 1660 |
|  |  | 11213 |
| **HOTELS, RESTAURANTS & LEISURE—0.4%** | **HOTELS, RESTAURANTS & LEISURE—0.4%** | **HOTELS, RESTAURANTS & LEISURE—0.4%** |
| 56500 | Bloomin' Brands Inc. | 1370 |
| **HOUSEHOLD DURABLES—4.1%** | **HOUSEHOLD DURABLES—4.1%** | **HOUSEHOLD DURABLES—4.1%** |
| 49557 | Ethan Allen Interiors Inc. | 1424 |
| 12900 | Meritage Homes Corp.<sup>\*</sup> | 1389 |
| 59100 | PulteGroup Inc. | 3362 |
| 53700 | Toll Brothers Inc. | 3195 |
| 23500 | Whirlpool Corp. | 3657 |
|  |  | 13027 |
| **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.2%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.2%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.2%** |
| 163400 | Vistra Corp. | 3768 |
| **INSURANCE—7.3%** | **INSURANCE—7.3%** | **INSURANCE—7.3%** |
| 48300 | Aflac Inc. | 3550 |
| 7100 | Allstate Corp. | 912 |
| 9200 | American Financial Group Inc. | 1312 |
| 34900 | American International Group Inc. | 2206 |
| 21800 | First American Financial Corp. | 1349 |
| 62400 | Hartford Financial Services Group Inc. | 4843 |
| 35800 | Lincoln National Corp. | 1268 |
| 129100 | Old Republic International Corp. | 3407 |
| 21800 | Principal Financial Group Inc. | 2018 |
| 75200 | Universal Insurance Holdings Inc. | 958 |
| 37000 | Unum Group | 1555 |
|  |  | 23378 |
| **INTERNET & DIRECT MARKETING RETAIL—0.8%** | **INTERNET & DIRECT MARKETING RETAIL—0.8%** | **INTERNET & DIRECT MARKETING RETAIL—0.8%** |
| 50200 | eBay Inc. | 2485 |
| **IT SERVICES—1.2%** | **IT SERVICES—1.2%** | **IT SERVICES—1.2%** |
| 73300 | DXC Technology Co.<sup>\*</sup> | 2106 |
| 117600 | Western Union Co. | 1666 |
|  |  | 3772 |
| **LEISURE PRODUCTS—0.5%** | **LEISURE PRODUCTS—0.5%** | **LEISURE PRODUCTS—0.5%** |
| 19500 | Brunswick Corp. | 1644 |
| **MACHINERY—6.0%** | **MACHINERY—6.0%** | **MACHINERY—6.0%** |
| 32700 | AGCO Corp. | 4517 |
| 74130 | Allison Transmission Holdings Inc. | 3342 |
| 17600 | Cummins Inc. | 4392 |
| 17700 | Snap-on Inc. | 4402 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **MACHINERY—Continued** | **MACHINERY—Continued** | **MACHINERY—Continued** |
| 24500 | Timken Co. | $2018 |
| 41400 | Titan International Inc.<sup>\*</sup> | 691 |
|  |  | 19362 |
| **MEDIA—2.2%** | **MEDIA—2.2%** | **MEDIA—2.2%** |
| 64500 | Fox Corp. | 2189 |
| 15600 | Nexstar Media Group Inc. | 3194 |
| 78300 | TEGNA Inc. | 1561 |
|  |  | 6944 |
| **METALS & MINING—1.0%** | **METALS & MINING—1.0%** | **METALS & MINING—1.0%** |
| 14460 | Reliance Steel & Aluminum Co. | 3289 |
| **MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITs)—0.3%** | **MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITs)—0.3%** | **MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITs)—0.3%** |
| 41650 | Annaly Capital Management Inc.<sup>\*</sup> | 978 |
| **MULTILINE RETAIL—1.0%** | **MULTILINE RETAIL—1.0%** | **MULTILINE RETAIL—1.0%** |
| 31200 | Big Lots Inc. | 511 |
| 20400 | Kohl's Corp. | 660 |
| 82300 | Macy's Inc. | 1945 |
|  |  | 3116 |
| **OIL, GAS & CONSUMABLE FUELS—4.5%** | **OIL, GAS & CONSUMABLE FUELS—4.5%** | **OIL, GAS & CONSUMABLE FUELS—4.5%** |
| 55700 | APA Corp. | 2469 |
| 33200 | Devon Energy Corp. | 2100 |
| 60500 | HF Sinclair Corp. | 3443 |
| 22200 | Marathon Petroleum Corp. | 2853 |
| 19500 | Phillips 66 | 1955 |
| 10700 | Valero Energy Corp. | 1498 |
| 3636 | Vitesse Energy Inc.<sup>\*</sup> | 58 |
|  |  | 14376 |
| **PHARMACEUTICALS—2.0%** | **PHARMACEUTICALS—2.0%** | **PHARMACEUTICALS—2.0%** |
| 26800 | Jazz Pharmaceuticals plc (Ireland)<sup>\*</sup> | 4199 |
| 18938 | Prestige Consumer Healthcare Inc.<sup>\*</sup> | 1245 |
| 93493 | Viatris Inc. | 1137 |
|  |  | 6581 |
| **PROFESSIONAL SERVICES—0.7%** | **PROFESSIONAL SERVICES—0.7%** | **PROFESSIONAL SERVICES—0.7%** |
| 27500 | ManpowerGroup Inc. | 2397 |
| **ROAD & RAIL—0.8%** | **ROAD & RAIL—0.8%** | **ROAD & RAIL—0.8%** |
| 26268 | Ryder System Inc. | 2480 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—2.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—2.5%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—2.5%** |
| 123600 | Amkor Technology Inc. | 3617 |
| 25600 | Diodes Inc.<sup>\*</sup> | 2283 |
| 19900 | Qorvo Inc.<sup>\*</sup> | 2162 |
|  |  | 8062 |
| **SPECIALTY RETAIL—4.4%** | **SPECIALTY RETAIL—4.4%** | **SPECIALTY RETAIL—4.4%** |
| 31000 | Best Buy Co. Inc. | 2750 |
| 12000 | Dick's Sporting Goods Inc. | 1569 |
| 81800 | Foot Locker Inc. | 3559 |
| 8700 | Group 1 Automotive Inc. | 1861 |
| 36200 | ODP Corp.<sup>\*</sup> | 1868 |
| 18600 | Penske Automotive Group Inc. | 2377 |
|  |  | 13984 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—2.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—2.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—2.4%** |
| 147900 | HP Inc. | 4310 |

---

------

**Harbor Mid Cap Value Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—Continued** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—Continued** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—Continued** |
| 26300 | Seagate Technology Holdings plc (Ireland) | $1782 |
| 93900 | Xerox Holdings Corp. | 1538 |
|  |  | 7630 |
| **TEXTILES, APPAREL & LUXURY GOODS—0.5%** | **TEXTILES, APPAREL & LUXURY GOODS—0.5%** | **TEXTILES, APPAREL & LUXURY GOODS—0.5%** |
| 17700 | Capri Holdings Ltd. (Virgin Islands)<sup>\*</sup> | 1177 |
| 28100 | G-III Apparel Group Ltd.<sup>\*</sup> | 475 |
|  |  | 1652 |
| **THRIFTS & MORTGAGE FINANCE—1.5%** | **THRIFTS & MORTGAGE FINANCE—1.5%** | **THRIFTS & MORTGAGE FINANCE—1.5%** |
| 132900 | MGIC Investment Corp. | 1876 |
| 19700 | PennyMac Financial Services Inc. | 1328 |
| 77000 | Radian Group Inc. | 1702 |
|  |  | 4906 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** | **TRADING COMPANIES & DISTRIBUTORS—1.0%** |
| 47758 | Triton International Ltd. (Bermuda) | $3374 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $265,692) | &nbsp;&nbsp;&nbsp; (Cost $265,692) | 318449 |
| **TOTAL INVESTMENTS—99.3%** | **TOTAL INVESTMENTS—99.3%** | **TOTAL INVESTMENTS—99.3%** |
| &nbsp;&nbsp;&nbsp; (Cost $265,692) | &nbsp;&nbsp;&nbsp; (Cost $265,692) | 318449 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—0.7%** | 2316 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $320765 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

\* Non-income producing security

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—96.2%** | **COMMON STOCKS—96.2%** | **COMMON STOCKS—96.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—1.6%** | **AEROSPACE & DEFENSE—1.6%** | **AEROSPACE & DEFENSE—1.6%** |
| 18196 | Austal Ltd. (Australia)<sup>\*</sup> | $21 |
| 1128 | Dassault Aviation SA (France) | 193 |
| 1959 | Kongsberg Gruppen ASA (Norway) | 78 |
| 12645 | QinetiQ Group plc (United Kingdom)<sup>\*</sup> | 57 |
| 152100 | Singapore Technologies Engineering Ltd. (Singapore)<sup>\*</sup> | 428 |
| 9764 | Thales SA (France) | 1291 |
|  |  | 2068 |
| **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** | **AIR FREIGHT & LOGISTICS—0.1%** |
| 1805 | Mainfreight Ltd. (New Zealand) | 84 |
| **AIRLINES—0.1%** | **AIRLINES—0.1%** | **AIRLINES—0.1%** |
| 103975 | Air Arabia PJSC (United Arab Emirates)<sup>\*</sup> | 63 |
| 6172 | Deutsche Lufthansa AG (Germany)<sup>\*</sup> | 65 |
|  |  | 128 |
| **AUTO COMPONENTS—0.2%** | **AUTO COMPONENTS—0.2%** | **AUTO COMPONENTS—0.2%** |
| 8700 | Ichikoh Industries Ltd. (Japan)<sup>\*</sup> | 26 |
| 28000 | Johnson Electric Holdings Ltd. (Hong Kong) | 38 |
| 8986 | Martinrea International Inc. (Canada)<sup>\*</sup> | 87 |
| 6500 | Thai Stanley Electric PCL NVDR (Thailand)<sup>1</sup> | 37 |
|  |  | 188 |
| **BANKS—8.1%** | **BANKS—8.1%** | **BANKS—8.1%** |
| 131019 | Australia & New Zealand Banking Group Ltd (Australia) | 2332 |
| 40400 | Bangkok Bank PCL NVDR (Thailand)<sup>1</sup> | 195 |
| 2452 | Bank Handlowy w Warszawie SA (Poland)<sup>\*</sup> | 46 |
| 88736 | Bank Leumi Le-Israel BM (Israel) | 784 |
| 30289 | Commercial Bank of Dubai PSC (United Arab Emirates) | 41 |
| 60389 | DNB Bank ASA (Norway) | 1129 |
| 4300 | Ehime Bank Ltd. (The) (Japan)<sup>\*</sup> | 32 |
| 53361 | Faisal Islamic Bank of Egypt (Egypt) | 60 |
| 111372 | ING Groep NV (Netherlands) | 1613 |
| 352712 | Lloyds Banking Group plc (United Kingdom) | 230 |
| 261577 | NatWest Group plc (United Kingdom)<sup>\*</sup> | 998 |
| 22000 | North Pacific Bank Ltd. (Japan)<sup>\*</sup> | 48 |
| 741065 | PT Bank Danamon Indonesia TBK (Indonesia)<sup>\*</sup> | 131 |
| 9732 | Raiffeisen Bank International AG (Austria) | 175 |
| 3400 | Shikoku Bank Ltd. (Japan)<sup>\*</sup> | 26 |
| 38514 | Societe Generale SA (France) | 1146 |
| 139939 | Standard Chartered plc (United Kingdom) | 1175 |
| 11100 | Towa Bank Ltd. (Japan)<sup>\*</sup> | 53 |
|  |  | 10214 |
| **BEVERAGES—2.6%** | **BEVERAGES—2.6%** | **BEVERAGES—2.6%** |
| 56842 | Australian Vintage Ltd. (Australia)<sup>\*</sup> | 24 |
| 24844 | Coca-Cola Europacific Partners plc (United Kingdom) | 1397 |
| 10133 | Coca-Cola HBC AG (Switzerland)<sup>\*</sup> | 246 |
| 2013 | Corby Spirit and Wine Ltd. (Canada)<sup>\*</sup> | 25 |
| 15398 | Ginebra San Miguel Inc. (Philippines) | 33 |
| 18018 | Heineken Holding NV (Netherlands) | 1488 |
| 3800 | Primo Water Corp. (Canada)<sup>\*</sup> | 59 |
|  |  | 3272 |
| **BIOTECHNOLOGY—1.4%** | **BIOTECHNOLOGY—1.4%** | **BIOTECHNOLOGY—1.4%** |
| 554 | Adaptimmune Therapeutics plc ADR (United Kingdom)<sup>\*,1</sup> | 1 |
| 75012 | Amarin Corp. plc ADR (United Kingdom)<sup>\*,1</sup> | 139 |
| 1393 | BioNTech SE ADR (Germany)<sup>\*,1</sup> | 200 |
| 6036 | GENFIT SA (France)<sup>\*</sup> | 26 |
| 3624 | Genmab AS (Denmark)<sup>\*</sup> | 1420 |
| 1926 | Swedish Orphan Biovitrum AB (Sweden)<sup>\*</sup> | 43 |
|  |  | 1829 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **BUILDING PRODUCTS—0.2%** | **BUILDING PRODUCTS—0.2%** | **BUILDING PRODUCTS—0.2%** |
| 10800 | BRC Asia Ltd. (Singapore) | $15 |
| 5400 | Maezawa Kasei Industries Co. Ltd. (Japan) | 57 |
| 1900 | Noda Corp. (Japan)<sup>\*</sup> | 16 |
| 5888 | Norcros plc (United Kingdom) | 15 |
| 4400 | Okabe Co. Ltd. (Japan) | 25 |
| 97898 | RAS Al Khaimah Ceramics (United Arab Emirates) | 75 |
|  |  | 203 |
| **CAPITAL MARKETS—3.0%** | **CAPITAL MARKETS—3.0%** | **CAPITAL MARKETS—3.0%** |
| 315 | Cie Financiere Tradition SA (Switzerland) | 37 |
| 65244 | Deutsche Bank AG (Germany)<sup>\*</sup> | 871 |
| 7899 | Deutsche Boerse AG (Germany) | 1413 |
| 5328 | Equita Group SpA (Italy) | 22 |
| 2082 | Fiducian Group Ltd. (Australia) | 10 |
| 2256 | Foresight Group Holdings Ltd. (United Kingdom)<sup>\*</sup> | 13 |
| 10762 | IG Group Holdings plc (United Kingdom) | 106 |
| 83841 | Investec plc (United Kingdom) | 541 |
| 4100 | IwaiCosmo Holdings Inc. (Japan) | 42 |
| 131408 | Man Group plc (Jersey) | 404 |
| 8153 | Ninety One plc (United Kingdom) | 20 |
| 1446 | Titanium OYJ (Finland) | 27 |
| 2500 | TMX Group Ltd. (Canada)<sup>\*</sup> | 246 |
|  |  | 3752 |
| **CHEMICALS—3.1%** | **CHEMICALS—3.1%** | **CHEMICALS—3.1%** |
| 2500 | Achilles Corp. (Japan) | 24 |
| 6800 | AirBoss of America Corp. (Canada)<sup>\*</sup> | 56 |
| 5600 | Carlit Holdings Co. Ltd. (Japan) | 33 |
| 2900 | DAI Nippon Toryo Co. Ltd. (Japan) | 18 |
| 18476 | DGL Group Ltd. (Australia)<sup>\*</sup> | 19 |
| 2900 | Fujimori Kogyo Co. Ltd. (Japan) | 74 |
| 800 | Hodogaya Chemical Co. Ltd. (Japan)<sup>\*</sup> | 21 |
| 5353 | ICL Group Ltd. (Israel) | 42 |
| 318537 | Incitec Pivot Ltd. (Australia) | 779 |
| 2800 | Ishihara Sangyo Kaisha Ltd. (Japan) | 24 |
| 699 | Johnson Matthey plc (United Kingdom)<sup>\*</sup> | 20 |
| 574 | KPX Chemical Co. Ltd. (South Korea) | 23 |
| 2800 | Kyowa Leather Cloth Co. Ltd. (Japan) | 11 |
| 2700 | Methanex Corp. (Canada) | 128 |
| 3426 | Misr Fertilizers Production Co. SAE (Egypt) | 17 |
| 2000 | Moresco Corp. (Japan) | 19 |
| 7786 | Neo Performance Materials Inc. (Canada) | 67 |
| 2200 | Nippon Carbide Industries Co. Inc. (Japan) | 22 |
| 2380 | OCI NV (Netherlands) | 81 |
| 1300 | Okura Industrial Co. Ltd. (Japan) | 19 |
| 54084 | Orica Ltd. (Australia) | 568 |
| 728 | PCC Rokita SA (Poland) | 20 |
| 7100 | Riken Technos Corp. (Japan)<sup>\*</sup> | 29 |
| 5600 | Sekisui Kasei Co. Ltd. (Japan)<sup>\*</sup> | 17 |
| 2985 | Serge Ferrari Group (France) | 42 |
| 600 | Soken Chemical & Engineering Co. Ltd. (Japan) | 8 |
| 3904 | Solvay SA (Belgium)<sup>\*</sup> | 455 |
| 1100 | Sumitomo Seika Chemicals Co. Ltd. (Japan)<sup>\*</sup> | 35 |
| 2400 | Tayca Corp. (Japan)<sup>\*</sup> | 22 |
| 1676 | Tessenderlo Group SA (Belgium)<sup>\*</sup> | 59 |
| 6100 | Tokuyama Corp. (Japan)<sup>\*</sup> | 89 |
| 440 | Wacker Chemie AG (Germany) | 66 |
| 23206 | Yara International ASA (Norway) | 1031 |
|  |  | 3938 |
| **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** |
| 4000 | AEON Delight Co. Ltd. (Japan) | 95 |
| 2100 | AGS Corp. (Japan) | 11 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **COMMERCIAL SERVICES & SUPPLIES—Continued** | **COMMERCIAL SERVICES & SUPPLIES—Continued** | **COMMERCIAL SERVICES & SUPPLIES—Continued** |
| 800 | AJIS Co. Ltd. (Japan) | $15 |
| 4000 | Azienda Bresciana Petroli Nocivelli SpA (Italy)<sup>\*</sup> | 16 |
| 3173 | Derichebourg SA (France)<sup>\*</sup> | 22 |
| 340 | Fursys Inc. (South Korea) | 8 |
| 2746 | GL Events SA (France)<sup>\*</sup> | 64 |
| 15710 | ISS AS (Denmark)<sup>\*</sup> | 343 |
| 14200 | Kokuyo Co. Ltd. (Japan) | 202 |
| 1800 | Kyodo Printing Co. Ltd. (Japan) | 40 |
| 8961 | Mears Group plc (United Kingdom) | 23 |
| 2400 | NAC Co. Ltd. (Japan) | 18 |
| 5900 | Prestige International Inc. (Japan)<sup>\*</sup> | 33 |
| 1400 | Pronexus Inc. (Japan) | 11 |
| 1900 | SATO Holdings Corp. (Japan)<sup>\*</sup> | 31 |
| 8500 | SECOM Co. Ltd. (Japan) | 506 |
| 1501 | SPIE SA (France) | 41 |
|  |  | 1479 |
| **CONSTRUCTION & ENGINEERING—0.3%** | **CONSTRUCTION & ENGINEERING—0.3%** | **CONSTRUCTION & ENGINEERING—0.3%** |
| 406000 | Analogue Holdings Ltd. (Hong Kong) | 63 |
| 13188 | Boustead Singapore Ltd. (Singapore) | 8 |
| 305 | Burkhalter Holding AG (Switzerland) | 28 |
| 1900 | Dai-Ichi Cutter Kogyo KK (Japan)<sup>\*</sup> | 15 |
| 1706 | Implenia AG (Switzerland)<sup>\*</sup> | 72 |
| 3816 | Lycopodium Ltd. (Australia)<sup>\*</sup> | 19 |
| 3900 | Meisei Industrial Co. Ltd. (Japan)<sup>\*</sup> | 25 |
| 905 | Morgan Sindall Group plc (United Kingdom) | 18 |
| 122700 | Naim Holdings BHD (Malaysia)<sup>\*</sup> | 17 |
| 9626 | NRW Holdings Ltd. (Australia)<sup>\*</sup> | 21 |
| 3722 | Orascom Construction plc (United Arab Emirates) | 12 |
| 7700 | Tomoe Corp. (Japan)<sup>\*</sup> | 25 |
| 2600 | Yamato Corp. (Japan) | 15 |
| 1500 | Yondenko Corp. (Japan) | 21 |
|  |  | 359 |
| **CONSTRUCTION MATERIALS—0.1%** | **CONSTRUCTION MATERIALS—0.1%** | **CONSTRUCTION MATERIALS—0.1%** |
| 4100 | Asia Pile Holdings Corp. (Japan)<sup>\*</sup> | 20 |
| 14211 | Breedon Group plc (United Kingdom) | 12 |
| 12394 | Qatar National Cement Co. QPSC (Qatar) | 17 |
| 800 | Shinagawa Refractories Co. Ltd. (Japan)<sup>\*</sup> | 26 |
| 29705 | Wagners Holding Co. Ltd. (Australia)<sup>\*</sup> | 15 |
| 2060 | Wienerberger AG (Austria) | 62 |
|  |  | 152 |
| **CONSUMER FINANCE—0.0%** | **CONSUMER FINANCE—0.0%** | **CONSUMER FINANCE—0.0%** |
| 3300 | AEON Financial Service Co. Ltd. (Japan) | 33 |
| 284 | H&T Group plc (United Kingdom)<sup>\*</sup> | 2 |
|  |  | 35 |
| **CONTAINERS & PACKAGING—0.1%** | **CONTAINERS & PACKAGING—0.1%** | **CONTAINERS & PACKAGING—0.1%** |
| 9998 | DS Smith plc (United Kingdom) | 44 |
| 39400 | Hanwell Holdings Ltd. (Singapore)<sup>\*</sup> | 10 |
| 11718 | Orora Ltd. (Australia) | 25 |
| 1700 | Pack Corp. (Japan)<sup>\*</sup> | 34 |
| 6177 | Pro-Pac Packaging Ltd. (Australia)<sup>\*</sup> | 1 |
| 9900 | Thantawan Industry PCL NVDR (Thailand)<sup>1</sup> | 11 |
| 1700 | Tomoku Co. Ltd. (Japan)<sup>\*</sup> | 22 |
| 600 | Winpak Ltd. (Canada)<sup>\*</sup> | 19 |
|  |  | 166 |
| **DISTRIBUTORS—0.1%** | **DISTRIBUTORS—0.1%** | **DISTRIBUTORS—0.1%** |
| 4194 | Inchcape plc (United Kingdom) | 47 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **DISTRIBUTORS—Continued** | **DISTRIBUTORS—Continued** | **DISTRIBUTORS—Continued** |
| 52861 | Smiths News plc (United Kingdom)<sup>\*</sup> | $33 |
| 1800 | Uni-Select Inc. (Canada)<sup>\*</sup> | 54 |
|  |  | 134 |
| **DIVERSIFIED CONSUMER SERVICES—0.1%** | **DIVERSIFIED CONSUMER SERVICES—0.1%** | **DIVERSIFIED CONSUMER SERVICES—0.1%** |
| 3830 | JLS Co. Ltd. (South Korea)<sup>\*</sup> | 23 |
| 22700 | JP-Holdings Inc. (Japan)<sup>\*</sup> | 60 |
| 2713 | MegaStudy Co Ltd. (South Korea)<sup>\*</sup> | 24 |
| 4500 | Meiko Network Japan Co. Ltd. (Japan)<sup>\*</sup> | 21 |
| 7627 | Shine Justice Ltd. (Australia) | 5 |
| 3700 | Tear Corp. (Japan)<sup>\*</sup> | 12 |
|  |  | 145 |
| **DIVERSIFIED FINANCIAL SERVICES—0.0%** | **DIVERSIFIED FINANCIAL SERVICES—0.0%** | **DIVERSIFIED FINANCIAL SERVICES—0.0%** |
| 142000 | Pacific Century Regional Developments Ltd. (Singapore) | 44 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** | **DIVERSIFIED TELECOMMUNICATION SERVICES—0.3%** |
| 4273 | B Communications Ltd. (Israel)<sup>\*</sup> | 21 |
| 604 | &nbsp;&nbsp;&nbsp; Magyar Telekom Telecommunications plc ADR <br> (Hungary)<sup>1</sup><br>| 3 |
| 125 | Telefonica SA (Spain) | 1 |
| 124616 | Telstra Corp. Ltd. (Australia) | 360 |
|  |  | 385 |
| **ELECTRICAL EQUIPMENT—0.8%** | **ELECTRICAL EQUIPMENT—0.8%** | **ELECTRICAL EQUIPMENT—0.8%** |
| 5600 | Chiyoda Integre Co. Ltd. (Japan) | 97 |
| 2000 | Hammond Power Solutions Inc. (Canada)<sup>\*</sup> | 37 |
| 1000 | Mirai Industry Co. Ltd. (Japan) | 12 |
| 70600 | Mitsubishi Electric Corp. (Japan) | 778 |
| 2500 | Sinfonia Technology Co. Ltd. (Japan)<sup>\*</sup> | 30 |
| 2200 | Takaoka Toko Co. Ltd. (Japan) | 36 |
| 51000 | Xingye Alloy Materials Group Ltd. (Hong Kong)<sup>\*</sup> | 7 |
|  |  | 997 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—0.8%** |
| 8500 | ALPS Alpine Co. Ltd. (Japan)<sup>\*</sup> | 87 |
| 2584 | &nbsp;&nbsp;&nbsp; AT&S Austria Technologie & Systemtechnik AG <br> (Austria)<sup>\*</sup><br>| 89 |
| 3400 | Celestica Inc. (Canada)<sup>\*</sup> | 45 |
| 77905 | DataTec Ltd. (South Africa)<sup>\*</sup> | 153 |
| 5000 | Kyosan Electric Manufacturing Co. Ltd. (Japan) | 16 |
| 320 | Nedap NV (Netherlands) | 21 |
| 2700 | Nihon Denkei Co. Ltd. (Japan) | 34 |
| 3800 | Osaki Electric Co. Ltd. (Japan) | 16 |
| 12592 | Rakon Ltd. (New Zealand)<sup>\*</sup> | 8 |
| 39 | Schaffner Holding AG (Switzerland)<sup>\*</sup> | 12 |
| 2700 | Sigma Koki Co. Ltd. (Japan) | 32 |
| 2700 | SMK Corp. (Japan) | 49 |
| 2000 | Sun-Wa Technos Corp. (Japan) | 29 |
| 7700 | Topcon Corp. (Japan) | 100 |
| 19300 | Yokogawa Electric Corp. (Japan)<sup>\*</sup> | 339 |
|  |  | 1030 |
| **ENERGY EQUIPMENT & SERVICES—0.4%** | **ENERGY EQUIPMENT & SERVICES—0.4%** | **ENERGY EQUIPMENT & SERVICES—0.4%** |
| 9400 | Ensign Energy Services Inc. (Canada)<sup>\*</sup> | 27 |
| 13597 | Hunting plc (United Kingdom)<sup>\*</sup> | 58 |
| 62210 | MMA Offshore Ltd. (Australia)<sup>\*</sup> | 42 |
| 3900 | Pason Systems Inc. (Canada) | 46 |
| 23013 | PHX Energy Services Corp. (Canada) | 138 |
| 5730 | Shawcor Ltd. (Canada)<sup>\*</sup> | 61 |
| 5857 | Technip Energies NV (France)<sup>\*</sup> | 114 |
| 5795 | Worley Ltd. (Australia)<sup>\*</sup> | 64 |
|  |  | 550 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **ENTERTAINMENT—0.1%** | **ENTERTAINMENT—0.1%** | **ENTERTAINMENT—0.1%** |
| 7900 | Ateam Inc. (Japan)<sup>\*</sup> | $48 |
| 46000 | IGG Inc. (Singapore)<sup>\*</sup> | 17 |
| 397 | PlayWay SA (Poland)<sup>\*</sup> | 38 |
|  |  | 103 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.0%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.0%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—0.0%** |
| 57300 | Pavilion Real Estate Investment Trust (Malaysia)<sup>\*</sup> | 18 |
| **FOOD & STAPLES RETAILING—1.5%** | **FOOD & STAPLES RETAILING—1.5%** | **FOOD & STAPLES RETAILING—1.5%** |
| 2000 | Axial Retailing Inc. (Japan) | 54 |
| 16210 | Eurocash SA (Poland)<sup>\*</sup> | 56 |
| 8000 | George Weston Ltd. (Canada)<sup>\*</sup> | 1029 |
| 6564 | Jeronimo Martins SGPS SA (Portugal) | 143 |
| 4247 | Kesko OYJ Class B (Finland) | 99 |
| 6895 | Kitwave Group plc (United Kingdom)<sup>\*</sup> | 16 |
| 6800 | Lawson Inc. (Japan)<sup>\*</sup> | 272 |
| 2600 | Mitsubishi Shokuhin Co. Ltd. (Japan)<sup>\*</sup> | 63 |
| 2600 | Okuwa Co. Ltd. (Japan) | 18 |
| 3600 | Orsero SpA (Italy)<sup>\*</sup> | 60 |
| 2700 | Qol Holdings Co. Ltd. (Japan) | 24 |
| 1300 | Toho Co. Ltd. (Japan)<sup>\*</sup> | 16 |
| 4600 | Valor Holdings Co. Ltd. (Japan) | 66 |
|  |  | 1916 |
| **FOOD PRODUCTS—1.2%** | **FOOD PRODUCTS—1.2%** | **FOOD PRODUCTS—1.2%** |
| 12400 | AustAsia Group Ltd. (Singapore)<sup>\*</sup> | 9 |
| 305700 | CCK Consolidated Holdings BHD (Malaysia)<sup>\*</sup> | 53 |
| 1500000 | China Starch Holdings Ltd. (Hong Kong)<sup>\*</sup> | 49 |
| 39400 | Delfi Ltd. (Singapore) | 25 |
| 18055 | Finsbury Food Group plc (United Kingdom) | 22 |
| 42200 | Hap Seng Plantations Holdings BHD (Malaysia) | 19 |
| 1450 | Industrial Milk Co. (Luxembourg)<sup>\*</sup> | 5 |
| 39600 | Innoprise Plantations BHD (Malaysia)<sup>\*</sup> | 14 |
| 62000 | Japfa Ltd. (Singapore) | 16 |
| 75900 | JBS SA (Brazil) | 300 |
| 58700 | Kawan Food BHD (Malaysia)<sup>\*</sup> | 31 |
| 39800 | Kim Loong Resources BHD (Malaysia) | 17 |
| 892 | Maeil Holdings Co. Ltd. (South Korea)<sup>\*</sup> | 6 |
| 9500 | Meiji Holdings Co. Ltd. (Japan)<sup>\*</sup> | 490 |
| 1760 | Nestlé SA (Switzerland) | 215 |
| 119 | Neto ME Holdings Ltd. (Israel)<sup>\*</sup> | 3 |
| 6397 | PGG Wrightson Ltd. (New Zealand)<sup>\*</sup> | 18 |
| 376800 | PT Salim Ivomas Pratama TBK (Indonesia) | 11 |
| 2962 | RCL Foods Ltd. (South Africa) | 2 |
| 27953 | Ridley Corp. Ltd. (Australia) | 38 |
| 1562 | Sajodaerim Corp. (South Korea) | 36 |
| 103800 | Sarawak Plantation BHD (Malaysia) | 52 |
| 23330 | Synlait Milk Ltd. (New Zealand)<sup>\*</sup> | 53 |
| 6541 | Tiger Brands Ltd. (South Africa)<sup>\*</sup> | 78 |
|  |  | 1562 |
| **GAS UTILITIES—0.0%** | **GAS UTILITIES—0.0%** | **GAS UTILITIES—0.0%** |
| 4400 | Hiroshima Gas Co. Ltd. (Japan) | 12 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** | **HEALTH CARE EQUIPMENT & SUPPLIES—2.4%** |
| 4312 | Carl Zeiss Meditec AG (Germany)<sup>\*</sup> | 622 |
| 6515 | Cochlear Ltd. (Australia) | 984 |
| 2200 | Fukuda Denshi Co. Ltd. (Japan) | 77 |
| 924 | Ion Beam Applications (Belgium) | 17 |
| 4800 | JEOL Ltd. (Japan)<sup>\*</sup> | 141 |
| 5000 | JMS Co. Ltd. (Japan) | 19 |
| 36 | Paul Hartmann AG (Germany) | 9 |
| 3473 | Sonova Holding AG (Switzerland) | 869 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** | **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** | **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** |
| 2068 | Straumann Holding AG (Switzerland) | $271 |
| 1098 | Viemed Healthcare Inc. (Canada)<sup>\*</sup> | 9 |
|  |  | 3018 |
| **HEALTH CARE PROVIDERS & SERVICES—0.1%** | **HEALTH CARE PROVIDERS & SERVICES—0.1%** | **HEALTH CARE PROVIDERS & SERVICES—0.1%** |
| 1998 | Dedicare AB (Sweden)<sup>\*</sup> | 24 |
| 494 | Ilex Medical Ltd. (Israel) | 13 |
| 4800 | Japan Medical Dynamic Marketing Inc. (Japan)<sup>\*</sup> | 32 |
| 60000 | Ladprao General Hospital PCL NVDR (Thailand)<sup>\*,</sup><sup>1</sup> | 10 |
| 6322 | Oriola Corp. Class A (Finland) | 13 |
| 951 | Oriola OYJ (Finland) | 2 |
| 63000 | Ratchaphruek Hospital PCL NVDR (Thailand)<sup>1</sup> | 12 |
|  |  | 106 |
| **HEALTH CARE TECHNOLOGY—0.1%** | **HEALTH CARE TECHNOLOGY—0.1%** | **HEALTH CARE TECHNOLOGY—0.1%** |
| 2101 | Ascom Holding AG (Switzerland) | 19 |
| 2972 | Pro Medicus Ltd. (Australia)<sup>\*</sup> | 142 |
| 300 | Software Service Inc. (Japan)<sup>\*</sup> | 20 |
|  |  | 181 |
| **HOTELS, RESTAURANTS & LEISURE—1.3%** | **HOTELS, RESTAURANTS & LEISURE—1.3%** | **HOTELS, RESTAURANTS & LEISURE—1.3%** |
| 81600 | After You PCL NVDR (Thailand)<sup>\*,1</sup> | 30 |
| 169000 | Berjaya Food BHD (Malaysia) | 43 |
| 4523 | Betsson AB (Sweden)<sup>\*</sup> | 37 |
| 10222 | Cie Des Alpes SA (France)<sup>\*</sup> | 162 |
| 773200 | Genting Singapore Ltd. (Singapore)<sup>\*</sup> | 586 |
| 13002 | Hollywood Bowl Group plc (United Kingdom)<sup>\*</sup> | 42 |
| 83100 | Jaya Bersama Indo TBK PT (Indonesia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
| 50200 | Kimly Ltd. (Singapore) | 13 |
| 13553 | La Francaise Des Jeux SAEM (France)<sup>\*</sup> | 580 |
| 500 | MTY Food Group Inc. (Canada)<sup>\*</sup> | 26 |
| 404300 | PT Champ Resto Indonesia TBK (Indonesia)<sup>\*</sup> | 41 |
| 11344 | STS Holding SA (Poland)<sup>\*</sup> | 44 |
| 1800 | Tokyotokeiba Co. Ltd. (Japan)<sup>\*</sup> | 54 |
|  |  | 1658 |
| **HOUSEHOLD DURABLES—0.1%** | **HOUSEHOLD DURABLES—0.1%** | **HOUSEHOLD DURABLES—0.1%** |
| 5 | Dom Development SA (Poland) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 1500 | FJ Next Holdings Co. Ltd. (Japan) | 11 |
| 3800 | JANOME Corp. (Japan)<sup>\*</sup> | 18 |
| 2700 | Nihon Trim Co. Ltd. (Japan)<sup>\*</sup> | 61 |
| 1479 | Nikon Corp. (Japan) | 15 |
| 698 | Surteco Group SE (Germany) | 16 |
| 10993 | Toya SA (Poland) | 15 |
|  |  | 136 |
| **HOUSEHOLD PRODUCTS—0.0%** | **HOUSEHOLD PRODUCTS—0.0%** | **HOUSEHOLD PRODUCTS—0.0%** |
| 2200 | ES Energy Save Holding AB (Sweden)<sup>\*</sup> | 43 |
| **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.0%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.0%** | **INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS—1.0%** |
| 3220 | 7C Solarparken AG (Germany) | 15 |
| 7568 | Arise AB (Sweden)<sup>\*</sup> | 36 |
| 5996 | Corp. Acciona Energías Renovables SA (Spain)<sup>\*</sup> | 245 |
| 22104 | RWE AG (Germany) | 984 |
|  |  | 1280 |
| **INDUSTRIAL CONGLOMERATES—0.1%** | **INDUSTRIAL CONGLOMERATES—0.1%** | **INDUSTRIAL CONGLOMERATES—0.1%** |
| 2561 | Industries Qatar QSC (Qatar) | 10 |
| 12700 | Nisshinbo Holdings Inc. (Japan) | 95 |
| 14034 | Qatar Industrial Manufacturing Co. QSC (Qatar) | 12 |
|  |  | 117 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **INSURANCE—6.9%** | **INSURANCE—6.9%** | **INSURANCE—6.9%** |
| 7700 | Allianz Malaysia BHD (Malaysia)<sup>\*</sup> | $25 |
| 37419 | Assicurazioni Generali SpA (Italy)<sup>\*</sup> | 730 |
| 21539 | Chesnara plc (United Kingdom)<sup>\*</sup> | 76 |
| 69300 | Dai-ichi Life Holdings Inc. (Japan) | 1626 |
| 700 | iA Financial Corp. Inc. (Canada)<sup>\*</sup> | 43 |
| 31400 | Japan Post Insurance Co. Ltd. (Japan) | 560 |
| 19600 | MS&AD Insurance Group Holdings Inc. (Japan) | 629 |
| 3626 | &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG <br> (Germany)<sup>\*</sup><br>| 1310 |
| 41315 | NN Group NV (Netherlands) | 1795 |
| 145600 | PT Asuransi Tugu Pratama Indonesia TBK (Indonesia)<sup>\*</sup> | 15 |
| 5115 | Solid Forsakring AB (Sweden)<sup>\*</sup> | 34 |
| 9500 | Sompo Holdings Inc. (Japan) | 409 |
| 8600 | T&D Holdings Inc. (Japan) | 138 |
| 3948 | Talanx AG (Germany)<sup>\*</sup> | 195 |
| 55500 | Tokio Marine Holdings Inc. (Japan) | 1162 |
|  |  | 8747 |
| **INTERNET & DIRECT MARKETING RETAIL—0.0%** | **INTERNET & DIRECT MARKETING RETAIL—0.0%** | **INTERNET & DIRECT MARKETING RETAIL—0.0%** |
| 9200 | Hai-O Enterprise BHD (Malaysia)<sup>\*</sup> | 3 |
| **IT SERVICES—2.2%** | **IT SERVICES—2.2%** | **IT SERVICES—2.2%** |
| 545 | ALTEN SA (France) | 84 |
| 6068 | B3 Consulting Group AB (Sweden) | 99 |
| 1400 | Business Brain Showa-Ota Inc. (Japan)<sup>\*</sup> | 21 |
| 800 | CDS Co. Ltd. (Japan) | 11 |
| 640 | Comarch SA (Poland) | 24 |
| 77176 | Computershare Ltd. (Australia) | 1300 |
| 4200 | Core Corp. (Japan) | 49 |
| 712 | DATAGROUP SE (Germany)<sup>\*</sup> | 55 |
| 266 | Digia OYJ (Finland) | 2 |
| 700 | Fujitsu Ltd. (Japan) | 100 |
| 1484 | Hecto Financial Co. Ltd. (South Korea)<sup>\*</sup> | 29 |
| 5800 | Hennge KK (Japan)<sup>\*</sup> | 46 |
| 1300 | Himacs Ltd. (Japan) | 15 |
| 2600 | ID Holdings Corp. (Japan)<sup>\*</sup> | 20 |
| 1800 | I-NET Corp. (Japan) | 18 |
| 19600 | NEC Corp. (Japan) | 708 |
| 1500 | oRo Co. Ltd. (Japan)<sup>\*</sup> | 22 |
| 571 | Sopra Steria Group SACA (France)<sup>\*</sup> | 95 |
| 1500 | VINX Corp. (Japan) | 17 |
| 700 | Zuken Inc. (Japan) | 17 |
|  |  | 2732 |
| **LEISURE PRODUCTS—0.1%** | **LEISURE PRODUCTS—0.1%** | **LEISURE PRODUCTS—0.1%** |
| 2400 | Furyu Corp. (Japan)<sup>\*</sup> | 21 |
| 30798 | ME Group International plc (United Kingdom)<sup>\*</sup> | 49 |
| 1500 | Sankyo Co. Ltd. (Japan) | 61 |
| 3600 | TOMY Co. Ltd. (Japan) | 35 |
|  |  | 166 |
| **LIFE SCIENCES TOOLS & SERVICES—0.3%** | **LIFE SCIENCES TOOLS & SERVICES—0.3%** | **LIFE SCIENCES TOOLS & SERVICES—0.3%** |
| 7885 | Qiagen NV (Netherlands)<sup>\*</sup> | 386 |
| 154 | Sartorius Stedim Biotech (France) | 54 |
|  |  | 440 |
| **MACHINERY—1.7%** | **MACHINERY—1.7%** | **MACHINERY—1.7%** |
| 629 | AG Growth International Inc. (Canada)<sup>\*</sup> | 24 |
| 8100 | Amada Co. Ltd. (Japan)<sup>\*</sup> | 73 |
| 3623 | Andritz AG (Austria) | 217 |
| 7300 | Daihatsu Diesel Manufacturing Co Ltd. (Japan) | 30 |
| 13379 | Deutz AG (Germany)<sup>\*</sup> | 73 |
| 1853 | Duerr AG (Germany)<sup>\*</sup> | 71 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **MACHINERY—Continued** | **MACHINERY—Continued** | **MACHINERY—Continued** |
| 268 | Exel Industries (France)<sup>\*</sup> | $18 |
| 1327 | Famur SA (Poland)<sup>\*</sup> | 1 |
| 3300 | Freund Corp. (Japan) | 17 |
| 4800 | Fuji Corp. (Japan)<sup>\*</sup> | 80 |
| 5407 | GEA Group AG (Germany) | 244 |
| 54 | Groupe Gorge SA (France)<sup>\*</sup> | 1 |
| 7500 | Hino Motors Ltd. (Japan)<sup>\*</sup> | 32 |
| 9839 | Knorr-Bremse AG (Germany)<sup>\*</sup> | 647 |
| 5300 | Miura Co. Ltd. (Japan) | 133 |
| 1300 | Nichias Corp. (Japan) | 25 |
| 8800 | Nippon Thompson Co. Ltd. (Japan) | 40 |
| 2200 | Nitto Kohki Co. Ltd. (Japan)<sup>\*</sup> | 26 |
| 2900 | OKUMA Corp. (Japan)<sup>\*</sup> | 118 |
| 371 | Palfinger AG (Austria) | 11 |
| 3914 | Prodways Group SA (France)<sup>\*</sup> | 13 |
| 227 | Rational AG (Germany) | 149 |
| 600 | RIX Corp. (Japan) | 10 |
| 5200 | Shibaura Machine Co. Ltd. (Japan)<sup>\*</sup> | 114 |
| 4700 | Sodick Co. Ltd. (Japan)<sup>\*</sup> | 27 |
| 3000 | Toyo Machinery & Metal Co. Ltd. (Japan) | 13 |
|  |  | 2207 |
| **MARINE—2.6%** | **MARINE—2.6%** | **MARINE—2.6%** |
| 564 | AP Moller - Maersk AS (Denmark) | 1227 |
| 28299 | Hoegh Autoliners ASA (Norway)<sup>\*</sup> | 176 |
| 2544 | Kuehne + Nagel International AG (Switzerland) | 607 |
| 1228800 | Marco Polo Marine Ltd. (Singapore)<sup>\*</sup> | 39 |
| 1100 | Nippon Concept Corp. (Japan) | 13 |
| 310200 | Samudera Shipping Line Ltd. (Singapore)<sup>\*</sup> | 285 |
| 400000 | SITC International Holdings Co. Ltd. (Hong Kong) | 874 |
| 1029 | Stolt-Nielsen Ltd. (Bermuda)<sup>\*</sup> | 27 |
| 2303 | Western Bulk Chartering AS (Norway)<sup>\*</sup> | 10 |
| 1724 | Wilson ASA (Norway) | 12 |
|  |  | 3270 |
| **MEDIA—0.2%** | **MEDIA—0.2%** | **MEDIA—0.2%** |
| 4842 | Bloomsbury Publishing plc (United Kingdom) | 27 |
| 1900 | FAN Communications Inc. (Japan) | 6 |
| 85 | GTN Ltd. (Australia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 2451 | HighCo SA (France)<sup>\*</sup> | 13 |
| 53310 | NZME Ltd. (New Zealand) | 40 |
| 158443 | Pico Far East Holdings Ltd. (Hong Kong)<sup>\*</sup> | 31 |
| 6600 | Proto Corp. (Japan) | 65 |
| 33805 | PRT Co. Ltd. (Australia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
| 329 | Publicis Groupe SA (France) | 23 |
| 16315 | Sky Network Television Ltd. (New Zealand)<sup>\*</sup> | 26 |
|  |  | 231 |
| **METALS & MINING—8.9%** | **METALS & MINING—8.9%** | **METALS & MINING—8.9%** |
| 159548 | Aeris Resources Ltd. (Australia)<sup>\*</sup> | 73 |
| 16935 | Allkem Ltd. (Australia)<sup>\*</sup> | 157 |
| 573 | Anglo American plc (United Kingdom) | 25 |
| 22947 | Base Resources Ltd. (Australia) | 3 |
| 80196 | BHP Group Ltd. (Australia) | 2809 |
| 23418 | Boryszew SA (Poland)<sup>\*</sup> | 29 |
| 32166 | Ferroglobe plc (United Kingdom)<sup>\*</sup> | 153 |
| 17744 | Gem Diamonds Ltd. (United Kingdom) | 7 |
| 130792 | Gerdau SA ADR (Brazil)<sup>1</sup> | 850 |
| 159406 | Glencore plc (United Kingdom)<sup>\*</sup> | 1068 |
| 74600 | Grange Resources Ltd. (Australia) | 54 |
| 105087 | Iluka Resources Ltd. (Australia) | 809 |
| 2448 | Major Drilling Group International Inc (Canada)<sup>\*</sup> | 20 |
| 17660 | Mineral Resources Ltd. (Australia)<sup>\*</sup> | 1118 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **METALS & MINING—Continued** | **METALS & MINING—Continued** | **METALS & MINING—Continued** |
| 11749 | New Century Resources Ltd. (Australia)<sup>\*</sup> | $8 |
| 35973 | Perenti Global Ltd. (Australia)<sup>\*</sup> | 32 |
| 284021 | Pilbara Minerals Ltd. (Australia)<sup>\*</sup> | 966 |
| 1981 | Rio Tinto Ltd. (Australia)<sup>\*</sup> | 178 |
| 14655 | Rio Tinto plc ADR (United Kingdom)<sup>1</sup> | 1163 |
| 93363 | Sierra Rutile Holdings Ltd. (Australia)<sup>\*</sup> | 13 |
| 393422 | South32 Ltd. (Australia) | 1262 |
| 140 | Stalprodukt SA (Poland) | 9 |
| 9600 | Stelco Holdings Inc. (Canada) | 374 |
| 2800 | Torex Gold Resources Inc. (Canada)<sup>\*</sup> | 38 |
| 5500 | Tree Island Steel Ltd. (Canada) | 14 |
| 143000 | Xiwang Special Steel Co. Ltd. (Hong Kong)<sup>\*</sup> | 4 |
| 1873 | Zimplats Holdings Ltd. (Australia) | 38 |
|  |  | 11274 |
| **MULTILINE RETAIL—0.1%** | **MULTILINE RETAIL—0.1%** | **MULTILINE RETAIL—0.1%** |
| 118344 | PT Matahari Department Store TBK (Indonesia)<sup>\*</sup> | 35 |
| 11800 | Ryohin Keikaku Co. Ltd. (Japan)<sup>\*</sup> | 131 |
|  |  | 166 |
| **MULTI-UTILITIES—1.5%** | **MULTI-UTILITIES—1.5%** | **MULTI-UTILITIES—1.5%** |
| 116598 | Engie SA (France) | 1656 |
| 45600 | Sembcorp. Industries Ltd. (Singapore)<sup>\*</sup> | 126 |
| 1058 | Telecom Plus plc (United Kingdom) | 26 |
| 169100 | YTL Power International BHD (Malaysia)<sup>\*</sup> | 29 |
|  |  | 1837 |
| **OIL, GAS & CONSUMABLE FUELS—8.3%** | **OIL, GAS & CONSUMABLE FUELS—8.3%** | **OIL, GAS & CONSUMABLE FUELS—8.3%** |
| 9100 | ARC Resources Ltd. (Canada)<sup>\*</sup> | 106 |
| 1365900 | Banpu PCL NVDR (Thailand)<sup>\*,1</sup> | 482 |
| 14300 | Birchcliff Energy Ltd. (Canada) | 92 |
| 5030 | Bonterra Energy Corp. (Canada)<sup>\*</sup> | 25 |
| 65241 | BP plc ADR (United Kingdom)<sup>1</sup> | 2364 |
| 13600 | CES Energy Solutions Corp. (Canada) | 30 |
| 64200 | Crescent Point Energy Corp. (Canada) | 480 |
| 7000 | Crew Energy Inc. (Canada)<sup>\*</sup> | 24 |
| 26800 | Enerplus Corp. (Canada)<sup>\*</sup> | 476 |
| 45700 | Equinor ASA (Norway) | 1393 |
| 71 | Esso SA Francaise (France)<sup>\*</sup> | 4 |
| 26200 | Gear Energy Ltd. (Canada) | 23 |
| 344350 | Horizon Oil Ltd. (Australia)<sup>\*</sup> | 37 |
| 19700 | InPlay Oil Corp. (Canada)<sup>\*</sup> | 42 |
| 12817 | International Petroleum Corp. (Canada)<sup>\*</sup> | 138 |
| 18000 | Kelt Exploration Ltd. (Canada)<sup>\*</sup> | 62 |
| 162500 | Lanna Resources PCL NVDR (Thailand)<sup>\*,1</sup> | 77 |
| 3518 | Lubelski Wegiel Bogdanka SA (Poland) | 45 |
| 4409 | New Hope Corp. Ltd. (Australia) | 18 |
| 55295 | New Zealand Refining Co. Ltd. (New Zealand)<sup>\*</sup> | 52 |
| 8700 | NuVista Energy Ltd. (Canada)<sup>\*</sup> | 73 |
| 10529 | OMV AG (Austria) | 527 |
| 8400 | Parex Resources Inc. (Canada) | 143 |
| 2500 | &nbsp;&nbsp;&nbsp; Pegasus Sewing Machine Manufacturing Co. Ltd. <br> (Japan)<sup>\*</sup><br>| 13 |
| 114000 | PetroChina Co. Ltd. (China) | 61 |
| 3079 | Petroleo Brasileiro SA ADR (Brazil)<sup>\*,1</sup> | 36 |
| 26000 | Peyto Exploration & Development Corp. (Canada) | 237 |
| 33000 | Pine Cliff Energy Ltd. (Canada) | 32 |
| 250300 | PT ABM Investama TBK (Indonesia) | 53 |
| 1395100 | PT Adaro Energy TBK (Indonesia) | 276 |
| 1443900 | PT AKR Corporindo TBK (Indonesia) | 127 |
| 551700 | PT Baramulti Suksessarana TBK (Indonesia)<sup>\*</sup> | 149 |
| 104000 | PT Bayan Resources TBK (Indonesia) | 139 |
| 214500 | PT Bukit Asam TBK (Indonesia) | 49 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **OIL, GAS & CONSUMABLE FUELS—Continued** | **OIL, GAS & CONSUMABLE FUELS—Continued** | **OIL, GAS & CONSUMABLE FUELS—Continued** |
| 32900 | PT Golden Energy Mines TBK (Indonesia)<sup>\*</sup> | $15 |
| 182800 | PT Indika Energy TBK (Indonesia)<sup>\*</sup> | 29 |
| 52200 | PT Prima Andalan Mandiri TBK (Indonesia)<sup>\*</sup> | 23 |
| 29600 | PT United Tractors TBK (Indonesia) | 49 |
| 136800 | PTT Exploration & Production PCL NVDR (Thailand)<sup>1</sup> | 714 |
| 37097 | Repsol SA (Spain)<sup>\*</sup> | 609 |
| 866500 | Resource Alam Indonesia TBK (Indonesia)<sup>\*</sup> | 24 |
| 3637 | Shell plc (United Kingdom)<sup>\*</sup> | 107 |
| 9600 | Spartan Delta Corp. (Canada)<sup>\*</sup> | 108 |
| 10883 | Stanmore Resources Ltd. (Australia)<sup>\*</sup> | 26 |
| 225386 | TerraCom Ltd. (Australia)<sup>\*</sup> | 138 |
| 52400 | Thai Oil PCL NVDR (Thailand)<sup>\*,</sup><sup>1</sup> | 92 |
| 2900 | Tourmaline Oil Corp. (Canada) | 135 |
| 83223 | Whitehaven Coal Ltd. (Australia)<sup>\*</sup> | 495 |
|  |  | 10449 |
| **PAPER & FOREST PRODUCTS—0.4%** | **PAPER & FOREST PRODUCTS—0.4%** | **PAPER & FOREST PRODUCTS—0.4%** |
| 15838 | Arctic Paper SA (Poland)<sup>\*</sup> | 84 |
| 2600 | Daiken Corp. (Japan) | 44 |
| 1311 | Midway Ltd. (Australia)<sup>\*</sup> | 1 |
| 7200 | Mitsubishi Paper Mills Ltd. (Japan) | 16 |
| 14420 | Navigator Co. SA (Portugal) | 50 |
| 5547 | Stella-Jones Inc. (Canada)<sup>\*</sup> | 202 |
| 5700 | Supremex Inc. (Canada)<sup>\*</sup> | 32 |
| 25200 | TA Ann Holdings BHD (Malaysia) | 20 |
| 25869 | Western Forest Products Inc. (Canada) | 28 |
|  |  | 477 |
| **PERSONAL PRODUCTS—0.0%** | **PERSONAL PRODUCTS—0.0%** | **PERSONAL PRODUCTS—0.0%** |
| 2600 | Mandom Corp. (Japan)<sup>\*</sup> | 29 |
| **PHARMACEUTICALS—13.2%** | **PHARMACEUTICALS—13.2%** | **PHARMACEUTICALS—13.2%** |
| 24300 | Astellas Pharma Inc. (Japan)<sup>\*</sup> | 358 |
| 18390 | Bayer AG (Germany) | 1145 |
| 36975 | Cronos Australia Ltd. (Australia)<sup>\*</sup> | 13 |
| 5082 | GSK plc (United Kingdom) | 89 |
| 22226 | GSK plc ADR (United Kingdom)<sup>1</sup> | 784 |
| 1436 | Ipsen SA (France) | 151 |
| 6515 | Merck KGaA (Germany) | 1360 |
| 15100 | Nippon Shinyaku Co. Ltd. (Japan)<sup>\*</sup> | 777 |
| 36657 | Novartis AG (Switzerland) | 3314 |
| 24190 | Novo Nordisk AS (Denmark) | 3347 |
| 22300 | Ono Pharmaceutical Co. Ltd. (Japan)<sup>\*</sup> | 484 |
| 284 | Orion OYJ Class A (Finland) | 15 |
| 30600 | Otsuka Holdings Co. Ltd. (Japan) | 982 |
| 13785 | Recordati Industria Chimica E Farmaceutica SpA (Italy) | 604 |
| 10397 | Roche Holding AG (Switzerland) | 3245 |
| 5600 | Seikagaku Corp. (Japan) | 36 |
| 701 | Vetoquinol SA (France) | 65 |
|  |  | 16769 |
| **PROFESSIONAL SERVICES—2.2%** | **PROFESSIONAL SERVICES—2.2%** | **PROFESSIONAL SERVICES—2.2%** |
| 600 | Abist Co. Ltd. (Japan)<sup>\*</sup> | 14 |
| 2500 | Asia Air Survey Co. Ltd. (Japan)<sup>\*</sup> | 15 |
| 3529 | Brunel International NV (Netherlands) | 40 |
| 1800 | Creek & River Co. Ltd. (Japan)<sup>\*</sup> | 30 |
| 1800 | Dip Corp. (Japan)<sup>\*</sup> | 53 |
| 1910 | e-Credible Co. Ltd. (South Korea)<sup>\*</sup> | 26 |
| 5300 | en Japan Inc. (Japan)<sup>\*</sup> | 101 |
| 1745 | Impellam Group plc (United Kingdom)<sup>\*</sup> | 16 |
| 1100 | JAC Recruitment Co. Ltd. (Japan) | 20 |
| 2600 | Matching Service Japan Co. Ltd. (Japan)<sup>\*</sup> | 21 |
| 2400 | Meitec Corp. (Japan)<sup>\*</sup> | 45 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **PROFESSIONAL SERVICES—Continued** | **PROFESSIONAL SERVICES—Continued** | **PROFESSIONAL SERVICES—Continued** |
| 11864 | PageGroup plc (United Kingdom)<sup>\*</sup> | $67 |
| 2337 | Poolia AB (Sweden) | 3 |
| 8800 | Recruit Holdings Co. Ltd. (Japan) | 283 |
| 5592 | RELX plc (United Kingdom) | 166 |
| 5300 | SIGMAXYZ Holdings Inc. (Japan) | 56 |
| 8500 | Space Co. Ltd. (Japan) | 62 |
| 3412 | SThree plc (United Kingdom) | 18 |
| 2700 | UT Group Co. Ltd. (Japan)<sup>\*</sup> | 55 |
| 500 | Visional Inc. (Japan)<sup>\*</sup> | 36 |
| 6185 | Wilmington plc (United Kingdom)<sup>\*</sup> | 27 |
| 14260 | Wolters Kluwer NV (Netherlands) | 1555 |
| 1600 | YAMADA Consulting Group Co. Ltd. (Japan)<sup>\*</sup> | 14 |
|  |  | 2723 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT—1.5%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—1.5%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT—1.5%** |
| 946 | Almogim Holdings Ltd. (Israel)<sup>\*</sup> | 2 |
| 7700 | Daito Trust Construction Co. Ltd. (Japan) | 761 |
| 23367 | Emaar Development PJSC (United Arab Emirates)<sup>\*</sup> | 28 |
| 228758 | Emaar Properties PJSC (United Arab Emirates) | 348 |
| 116681 | Ever Reach Group Holdings Co. Ltd. (Hong Kong) | 5 |
| 998 | K Wah International Holdings Ltd. (Hong Kong) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 75300 | KSL Holdings BHD (Malaysia)<sup>\*</sup> | 14 |
| 120700 | LPN Development PCL NVDR (Thailand)<sup>\*,1</sup> | 17 |
| 2077 | Melcor Developments Ltd. (Canada) | 18 |
| 20963 | Modern Land China Co. Ltd. (Hong Kong)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>x</sup> <br>|
| 1200 | Propnex Ltd. (Singapore) | 2 |
| 4596500 | PT Agung Podomoro Land TBK (Indonesia)<sup>\*</sup> | 46 |
| 65500 | Swire Pacific Ltd. (Hong Kong) | 600 |
|  |  | 1841 |
| **ROAD & RAIL—0.7%** | **ROAD & RAIL—0.7%** | **ROAD & RAIL—0.7%** |
| 4400 | Alps Logistics Co. Ltd. (Japan) | 41 |
| 151968 | Aurizon Holdings Ltd. (Australia)<sup>\*</sup> | 397 |
| 1900 | Chilled & Frozen Logistics Holdings Co. Ltd. (Japan) | 18 |
| 50609 | FirstGroup plc (United Kingdom)<sup>\*</sup> | 68 |
| 1000 | Maruzen Showa Unyu Co. Ltd. (Japan)<sup>\*</sup> | 24 |
| 3400 | Mullen Group Ltd. (Canada)<sup>\*</sup> | 36 |
| 14007 | PKP Cargo SA (Poland)<sup>\*</sup> | 48 |
| 2800 | Sankyu Inc. (Japan) | 110 |
| 9300 | Seino Holdings Co. Ltd. (Japan) | 93 |
|  |  | 835 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.2%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.2%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—1.2%** |
| 400 | Advantest Corp. (Japan)<sup>\*</sup> | 29 |
| 92013 | ASE Technology Holding ADR (Taiwan)<sup>\*,1</sup> | 662 |
| 700 | MegaChips Corp. (Japan) | 15 |
| 100 | SCREEN Holdings Co. Ltd. (Japan) | 7 |
| 16699 | &nbsp;&nbsp;&nbsp; STMicroelectronics NV New York Registry Shares <br> (France)<br>| 788 |
| 1500 | Tokyo Seimitsu Co. Ltd. (Japan) | 52 |
|  |  | 1553 |
| **SOFTWARE—2.5%** | **SOFTWARE—2.5%** | **SOFTWARE—2.5%** |
| 12772 | Check Point Software Technologies Ltd. (Israel)<sup>\*</sup> | 1625 |
| 6685 | Enghouse Systems Ltd. (Canada)<sup>\*</sup> | 199 |
| 3700 | Intelligent Wave Inc. (Japan)<sup>\*</sup> | 22 |
| 5400 | ISB Corp. (Japan) | 50 |
| 1521 | LiveChat Software SA (Poland)<sup>\*</sup> | 44 |
| 600 | NTT Data Intramart Corp. (Japan) | 8 |
| 5096 | ReadyTech Holdings Ltd. (Australia)<sup>\*</sup> | 13 |
| 38155 | Sage Group plc (United Kingdom) | 367 |
| 1800 | Soliton Systems KK (Japan)<sup>\*</sup> | 16 |
| 13642 | Symbio Holdings Ltd. (Australia) | 18 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **SOFTWARE—Continued** | **SOFTWARE—Continued** | **SOFTWARE—Continued** |
| 18282 | Technology One Ltd. (Australia)<sup>\*</sup> | $189 |
| 1801 | Telcoware Co. Ltd. (South Korea) | 13 |
| 12561 | WiseTech Global Ltd. (Australia) | 545 |
|  |  | 3109 |
| **SPECIALTY RETAIL—2.1%** | **SPECIALTY RETAIL—2.1%** | **SPECIALTY RETAIL—2.1%** |
| 6743 | Autosports Group Ltd. (Australia) | 10 |
| 21823 | Carasso Motors Ltd. (Israel) | 139 |
| 34110 | Card Factory plc (United Kingdom)<sup>\*</sup> | 40 |
| 441 | Castro Model Ltd. (Israel)<sup>\*</sup> | 5 |
| 888 | Delta Israel Brands Ltd. (Israel) | 10 |
| 16235 | Frasers Group plc (United Kingdom)<sup>\*</sup> | 157 |
| 4300 | Fuji Corp. (Japan)<sup>\*</sup> | 45 |
| 3300 | Hard Off Corp. Co. Ltd. (Japan)<sup>\*</sup> | 33 |
| 1100 | Himaraya Co. Ltd. (Japan)<sup>\*</sup> | 8 |
| 62659 | Industria de Diseño Textil SA (Spain) | 1956 |
| 2807 | Mobilezone Holding AG (Switzerland)<sup>\*</sup> | 51 |
| 6986 | Naturhouse Health SAU (Spain)<sup>\*</sup> | 14 |
| 30600 | Padini Holdings BHD (Malaysia)<sup>\*</sup> | 26 |
| 5404 | Pet Valu Holdings Ltd. (Canada)<sup>\*</sup> | 162 |
| 92600 | PT Map Aktif Adiperkasa (Indonesia)<sup>\*</sup> | 23 |
| 70 | Samse SA (France) | 14 |
|  |  | 2693 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.4%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS—1.4%** |
| 23500 | Brother Industries Ltd. (Japan) | 365 |
| 1100 | Canon Inc. (Japan)<sup>\*</sup> | 24 |
| 1712 | EVS Broadcast Equipment SA (Belgium) | 42 |
| 7710 | Gefran SpA (Italy) | 82 |
| 61500 | Ricoh Co. Ltd. (Japan) | 477 |
| 49100 | Seiko Epson Corp. (Japan) | 761 |
|  |  | 1751 |
| **TEXTILES, APPAREL & LUXURY GOODS—3.9%** | **TEXTILES, APPAREL & LUXURY GOODS—3.9%** | **TEXTILES, APPAREL & LUXURY GOODS—3.9%** |
| 797 | Bijou Brigitte AG (Germany)<sup>\*</sup> | 38 |
| 117 | Christian Dior SE (France)<sup>\*</sup> | 101 |
| 2159 | Cie Financiere Richemont SA (Switzerland) | 333 |
| 700 | Goldwin Inc. (Japan)<sup>\*</sup> | 53 |
| 997 | Hermes International (France)<sup>\*</sup> | 1866 |
| 500 | Jichodo Co. Ltd. (Japan)<sup>\*</sup> | 25 |
| 210000 | Justin Allen Holdings Ltd. (China)<sup>\*</sup> | 17 |
| 296 | LVMH Moet Hennessy Louis Vuitton SE (France) | 258 |
| 94100 | MC Group PCL NVDR (Thailand)<sup>1</sup> | 34 |
| 9213 | Pandora AS (Denmark) | 767 |
| 600 | Rhythm Co. Ltd. (Japan) | 8 |
| 42600 | Sabina PCL NVDR (Thailand)<sup>1</sup> | 33 |
| 3712 | Swatch Group AG (Switzerland) | 1344 |
| 34500 | Texhong Textile Group Ltd. (Hong Kong) | 32 |
| 836 | Van de Velde NV (Belgium) | 28 |
|  |  | 4937 |
| **THRIFTS & MORTGAGE FINANCE—0.0%** | **THRIFTS & MORTGAGE FINANCE—0.0%** | **THRIFTS & MORTGAGE FINANCE—0.0%** |
| 11335 | MyState Ltd. (Australia)<sup>\*</sup> | 32 |
| **TOBACCO—0.1%** | **TOBACCO—0.1%** | **TOBACCO—0.1%** |
| 5861 | Imperial Brands plc (United Kingdom)<sup>\*</sup> | 147 |
| **TRADING COMPANIES & DISTRIBUTORS—1.3%** | **TRADING COMPANIES & DISTRIBUTORS—1.3%** | **TRADING COMPANIES & DISTRIBUTORS—1.3%** |
| 80000 | APAC Resources Ltd. (Hong Kong)<sup>\*</sup> | 11 |
| 2000 | Chori Co. Ltd. (Japan)<sup>\*</sup> | 37 |
| 38601 | Ferreycorp SAA (Peru) | 22 |
| 18900 | Finning International Inc. (Canada) | 533 |
| 2900 | Gecoss Corp. (Japan) | 20 |

---

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TRADING COMPANIES & DISTRIBUTORS—Continued** | **TRADING COMPANIES & DISTRIBUTORS—Continued** | **TRADING COMPANIES & DISTRIBUTORS—Continued** |
| 2853 | Howden Joinery Group plc (United Kingdom) | $24 |
| 2349 | Jacquet Metals SA (France) | 45 |
| 2200 | Kanaden Corp. (Japan) | 19 |
| 4900 | Kanematsu Corp. (Japan) | 60 |
| 800 | Nanyo Corp. (Japan) | 12 |
| 266000 | New Times Energy Corp. Ltd. (Bermuda)<sup>\*</sup> | 4 |
| 900 | NICE Corp. (Japan) | 9 |
| 2300 | Parker Corp. (Japan) | 10 |
| 49100 | PT Hexindo Adiperkasa TBK (Indonesia)<sup>\*</sup> | 17 |
| 34095 | Rexel SA (France) | 754 |
| 900 | Totech Corp. (Japan)<sup>\*</sup> | 25 |
| 500 | Tsubakimoto Kogyo Co. Ltd. (Japan) | 16 |
|  |  | 1618 |
| **TRANSPORTATION INFRASTRUCTURE—0.3%** | **TRANSPORTATION INFRASTRUCTURE—0.3%** | **TRANSPORTATION INFRASTRUCTURE—0.3%** |
| 341700 | &nbsp;&nbsp;&nbsp; BTS Rail Mass Transit Growth Infrastructure Fund <br> (Thailand)<sup>\*</sup><br>| 34 |
| 21500 | Orient Overseas International Ltd. (Hong Kong) | 357 |
| 91000 | Qilu Expressway Co. Ltd. (China) | 28 |
|  |  | 419 |
| **WIRELESS TELECOMMUNICATION SERVICES—0.1%** | **WIRELESS TELECOMMUNICATION SERVICES—0.1%** | **WIRELESS TELECOMMUNICATION SERVICES—0.1%** |
| 3400 | Okinawa Cellular Telephone Co. (Japan) | 82 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $112,313) | &nbsp;&nbsp;&nbsp; (Cost $112,313) | 121839 |

---

---

| | | |
|:---|:---|:---|
| **PREFERRED STOCKS—0.9%** | **PREFERRED STOCKS—0.9%** | **PREFERRED STOCKS—0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AUTO COMPONENTS—0.0%** | **AUTO COMPONENTS—0.0%** | **AUTO COMPONENTS—0.0%** |
| 6114 | Schaeffler AG (Germany) | $44 |
| **ELECTRIC UTILITIES—0.1%** | **ELECTRIC UTILITIES—0.1%** | **ELECTRIC UTILITIES—0.1%** |
| 84100 | Cia Energetica de Minas Gerais SA (Brazil)<sup>\*</sup> | 190 |
| **HOUSEHOLD DURABLES—0.0%** | **HOUSEHOLD DURABLES—0.0%** | **HOUSEHOLD DURABLES—0.0%** |
| 375 | LG Electronics Inc. (South Korea)<sup>\*</sup> | 14 |
| **MACHINERY—0.1%** | **MACHINERY—0.1%** | **MACHINERY—0.1%** |
| 173 | KSB SE & Co. KGaA (Germany) | 75 |
| **OIL, GAS & CONSUMABLE FUELS—0.7%** | **OIL, GAS & CONSUMABLE FUELS—0.7%** | **OIL, GAS & CONSUMABLE FUELS—0.7%** |
| 165500 | Petroleo Brasileiro SA (Brazil) | 850 |
| **TOTAL PREFERRED STOCKS** | **TOTAL PREFERRED STOCKS** | **TOTAL PREFERRED STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $1,229) | &nbsp;&nbsp;&nbsp; (Cost $1,229) | 1173 |
| **TOTAL INVESTMENTS—97.1%** | **TOTAL INVESTMENTS—97.1%** | **TOTAL INVESTMENTS—97.1%** |
| &nbsp;&nbsp;&nbsp; (Cost $113,542) | &nbsp;&nbsp;&nbsp; (Cost $113,542) | 123012 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—2.9%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—2.9%** | 3665 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $126677 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

The following table summarizes the Fund's investments as of January 31, 2023 based on the inputs used to value them.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Category** | **Quoted Prices**<br> **Level 1**<br> **(000s)**<br>| **Other Significant**<br> **Observable Inputs**<br> **Level 2**<br> **(000s)**<br>| **Significant**<br> **Unobservable**<br> **Inputs**<br> **Level 3**<br> **(000s)**<br>| **Total**<br> **(000s)**<br>|
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Africa | &nbsp;&nbsp;&nbsp;&nbsp; $— | $310 | $— | $310 |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7430 | &nbsp;&nbsp;&nbsp; 60078 |  | &nbsp;&nbsp;&nbsp; 67508 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 1208 |
| &nbsp;&nbsp;&nbsp; Middle East/Central Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1625 | &nbsp;&nbsp;&nbsp;&nbsp; 1625 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3250 |
| &nbsp;&nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6108 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705 | &nbsp;&nbsp;&nbsp; 42750 |  | &nbsp;&nbsp;&nbsp; 43455 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119 |
| &nbsp;&nbsp;&nbsp; Latin America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 1040 |
| &nbsp;&nbsp;&nbsp; Pacific Basin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities | &nbsp;&nbsp;&nbsp;&nbsp; $17978 | $105034 | $— | $123012 |

---

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.

------

**Harbor Overseas Fund (currently, Harbor International Core Fund)** <br>**Portfolio of Investments—Continued**

------

**FAIR VALUE MEASUREMENTS—Continued**

The following is a rollforward of the Fund's Level 3 investments during the period ended January 31, 2023.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Valuation Description** | **Beginning**<br> **Balance**<br> **as of**<br> **11/01/2022**<br> **(000s)**<br>| **Purchases**<br> **(000s)**<br>| **Sales**<br> **(000s)**<br>| **Discount/**<br> **(Premium)**<br> **(000s)**<br>| **Total Realized**<br> **Gain/(Loss)**<br> **(000s)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br> **(000s)**<br>| **Transfers**<br> **Into**<br> **Level 3**<br> **(000s)**<br>| **Transfers**<br> **Out of**<br> **Level 3**<br> **(000s)**<br>| **Ending**<br> **Balance**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>| **Unrealized**<br> **Gain/Loss**<br> **as of**<br> **01/31/2023**<br> **(000s)**<br>|
| Common Stocks | $— | $— | $— | $— | $— | $— | $— | $— | $— | $(13) |

---

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**<br> **as of 01/31/2023**<br> **(000s)**<br>| **Valuation**<br> **Technique**<br>| **Unobservable**<br> **Input(s)**<br>| **Input**<br> **Value(s)**<br>|
| Investments in Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jaya Bersama Indo TBK PT (Indonesia)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | Market Approach | Estimated Recovery Value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IDR 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Modern Land China Co. Ltd. (Hong Kong)<sup>\*</sup> | &nbsp;&nbsp;&nbsp; — | Market Approach | Estimated Recovery Value | &nbsp;&nbsp;&nbsp;&nbsp; HKD 0.01 |
|  | $— |  |  |  |

---

------

---

| | |
|:---|:---|
| \* | 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 <br> 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.<br>|
| HKD | Hong Kong Dollar |
| IDR | Indonesian Rupiah |

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Small Cap Growth Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—96.6%** | **COMMON STOCKS—96.6%** | **COMMON STOCKS—96.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—2.2%** | **AEROSPACE & DEFENSE—2.2%** | **AEROSPACE & DEFENSE—2.2%** |
| 306886 | Hexcel Corp. | $21660 |
| **BANKS—0.4%** | **BANKS—0.4%** | **BANKS—0.4%** |
| 108125 | First Interstate BancSystem Inc. | 3879 |
| **BIOTECHNOLOGY—10.5%** | **BIOTECHNOLOGY—10.5%** | **BIOTECHNOLOGY—10.5%** |
| 1056381 | Alkermes plc<sup>\*</sup> | 30255 |
| 149071 | Apellis Pharmaceuticals Inc.<sup>\*</sup> | 7860 |
| 349210 | Arcutis Biotherapeutics Inc.<sup>\*</sup> | 5786 |
| 235570 | Ascendis Pharma AS ADR (Denmark)<sup>\*,1</sup> | 29230 |
| 36810 | Karuna Therapeutics Inc.<sup>\*</sup> | 7340 |
| 97083 | Prometheus Biosciences Inc.<sup>\*</sup> | 11034 |
| 638155 | Rocket Pharmaceuticals Inc.<sup>\*</sup> | 13867 |
|  |  | 105372 |
| **BUILDING PRODUCTS—3.0%** | **BUILDING PRODUCTS—3.0%** | **BUILDING PRODUCTS—3.0%** |
| 137570 | AAON Inc. | 10499 |
| 196465 | Advanced Drainage Systems Inc. | 19812 |
|  |  | 30311 |
| **CAPITAL MARKETS—1.2%** | **CAPITAL MARKETS—1.2%** | **CAPITAL MARKETS—1.2%** |
| 409027 | StepStone Group Inc. | 11939 |
| **CHEMICALS—3.2%** | **CHEMICALS—3.2%** | **CHEMICALS—3.2%** |
| 402590 | Avient Corp. | 16313 |
| 536930 | Axalta Coating Systems Ltd. (Bermuda)<sup>\*</sup> | 16162 |
|  |  | 32475 |
| **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** | **COMMERCIAL SERVICES & SUPPLIES—1.2%** |
| 148150 | Casella Waste Systems Inc.<sup>\*</sup> | 11870 |
| **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** | **COMMUNICATIONS EQUIPMENT—1.2%** |
| 79600 | F5 Networks Inc.<sup>\*</sup> | 11754 |
| **CONSTRUCTION & ENGINEERING—2.0%** | **CONSTRUCTION & ENGINEERING—2.0%** | **CONSTRUCTION & ENGINEERING—2.0%** |
| 405349 | Willscot Mobile Mini Holdings Corp.<sup>\*</sup> | 19643 |
| **CONTAINERS & PACKAGING—0.5%** | **CONTAINERS & PACKAGING—0.5%** | **CONTAINERS & PACKAGING—0.5%** |
| 611929 | Ranpak Holdings Corp.<sup>\*</sup> | 4687 |
| **ELECTRICAL EQUIPMENT—6.2%** | **ELECTRICAL EQUIPMENT—6.2%** | **ELECTRICAL EQUIPMENT—6.2%** |
| 148155 | Atkore Inc.<sup>\*</sup> | 19297 |
| 165179 | Encore Wire Corp. | 26665 |
| 321610 | Sensata Technologies Holding plc (United Kingdom) | 16354 |
|  |  | 62316 |
| **ENERGY EQUIPMENT & SERVICES—2.4%** | **ENERGY EQUIPMENT & SERVICES—2.4%** | **ENERGY EQUIPMENT & SERVICES—2.4%** |
| 302740 | ChampionX Corp. | 9996 |
| 1523840 | NexTier Oilfield Solutions Inc.<sup>\*</sup> | 14355 |
|  |  | 24351 |
| **ENTERTAINMENT—1.5%** | **ENTERTAINMENT—1.5%** | **ENTERTAINMENT—1.5%** |
| 667599 | Endeavor Group Holdings Inc.<sup>\*</sup> | 14974 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.6%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.6%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.6%** |
| 357559 | American Assets Trust Inc. | 10176 |
| 576960 | Spirit Realty Capital Inc. | 25317 |
| 623378 | UMH Properties Inc. | 11171 |
|  |  | 46664 |
| **HEALTH CARE EQUIPMENT & SUPPLIES—5.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—5.2%** | **HEALTH CARE EQUIPMENT & SUPPLIES—5.2%** |
| 164940 | Haemonetics Corp.<sup>\*</sup> | 13954 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** | **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** | **HEALTH CARE EQUIPMENT & SUPPLIES—Continued** |
| 86730 | Inspire Medical Systems Inc.<sup>\*</sup> | $21948 |
| 277440 | Lantheus Holdings Inc.<sup>\*</sup> | 15953 |
|  |  | 51855 |
| **HEALTH CARE PROVIDERS & SERVICES—3.8%** | **HEALTH CARE PROVIDERS & SERVICES—3.8%** | **HEALTH CARE PROVIDERS & SERVICES—3.8%** |
| 173914 | Amedisys Inc.<sup>\*</sup> | 16811 |
| 748577 | Option Care Health Inc.<sup>\*</sup> | 21611 |
|  |  | 38422 |
| **HEALTH CARE TECHNOLOGY—1.0%** | **HEALTH CARE TECHNOLOGY—1.0%** | **HEALTH CARE TECHNOLOGY—1.0%** |
| 536970 | Veradigm Inc<sup>\*</sup> | 9617 |
| **HOTELS, RESTAURANTS & LEISURE—5.9%** | **HOTELS, RESTAURANTS & LEISURE—5.9%** | **HOTELS, RESTAURANTS & LEISURE—5.9%** |
| 97560 | Churchill Downs Inc. | 24205 |
| 163260 | Planet Fitness Inc.<sup>\*</sup> | 13820 |
| 130670 | Wingstop Inc. | 20707 |
|  |  | 58732 |
| **INSURANCE—4.4%** | **INSURANCE—4.4%** | **INSURANCE—4.4%** |
| 446292 | BRP Group Inc.<sup>\*</sup> | 12787 |
| 46014 | Kinsale Capital Group Inc. | 12812 |
| 152754 | Palomar Holdings Inc.<sup>\*</sup> | 7807 |
| 65460 | Primerica Inc. | 10588 |
|  |  | 43994 |
| **IT SERVICES—6.2%** | **IT SERVICES—6.2%** | **IT SERVICES—6.2%** |
| 644138 | Flywire Corp.<sup>\*</sup> | 17372 |
| 323910 | Shift4 Payments Inc.<sup>\*</sup> | 20743 |
| 54851 | WEX Inc.<sup>\*</sup> | 10146 |
| 161038 | WNS Holdings Ltd. ADR (India)<sup>\*,1</sup> | 13645 |
|  |  | 61906 |
| **LEISURE PRODUCTS—1.4%** | **LEISURE PRODUCTS—1.4%** | **LEISURE PRODUCTS—1.4%** |
| 171613 | BRP Inc. (Canada) | 14340 |
| **LIFE SCIENCES TOOLS & SERVICES—3.4%** | **LIFE SCIENCES TOOLS & SERVICES—3.4%** | **LIFE SCIENCES TOOLS & SERVICES—3.4%** |
| 236490 | Azenta Inc.<sup>\*</sup> | 13220 |
| 45091 | Bio-Rad Laboratories Inc.<sup>\*</sup> | 21078 |
|  |  | 34298 |
| **MACHINERY—4.2%** | **MACHINERY—4.2%** | **MACHINERY—4.2%** |
| 253514 | ITT Inc. | 23219 |
| 113640 | Lincoln Electric Holdings Inc. | 18963 |
|  |  | 42182 |
| **OIL, GAS & CONSUMABLE FUELS—3.8%** | **OIL, GAS & CONSUMABLE FUELS—3.8%** | **OIL, GAS & CONSUMABLE FUELS—3.8%** |
| 603190 | Northern Oil And Gas Inc. | 20219 |
| 265020 | PDC Energy Inc. | 17950 |
|  |  | 38169 |
| **PHARMACEUTICALS—1.6%** | **PHARMACEUTICALS—1.6%** | **PHARMACEUTICALS—1.6%** |
| 1311276 | Innoviva Inc.<sup>\*</sup> | 16588 |
| **ROAD & RAIL—2.8%** | **ROAD & RAIL—2.8%** | **ROAD & RAIL—2.8%** |
| 104670 | Saia Inc.<sup>\*</sup> | 28552 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.0%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.0%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—3.0%** |
| 46979 | Onto Innovation Inc.<sup>\*</sup> | 3695 |
| 132970 | Synaptics Inc.<sup>\*</sup> | 16625 |
| 75460 | Universal Display Corp. | 10001 |
|  |  | 30321 |

---

------

**Harbor Small Cap Growth Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **SOFTWARE—7.8%** | **SOFTWARE—7.8%** | **SOFTWARE—7.8%** |
| 388779 | Box Inc.<sup>\*</sup> | $12437 |
| 361180 | Dynatrace Inc.<sup>\*</sup> | 13880 |
| 1230299 | Samsara Inc.<sup>\*</sup> | 16781 |
| 583860 | Smartsheet Inc.<sup>\*</sup> | 25229 |
| 257650 | Tenable Holdings Inc.<sup>\*</sup> | 10365 |
|  |  | 78692 |
| **SPECIALTY RETAIL—2.0%** | **SPECIALTY RETAIL—2.0%** | **SPECIALTY RETAIL—2.0%** |
| 487245 | National Vision Holdings Inc.<sup>\*</sup> | 20026 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $878,439) | &nbsp;&nbsp;&nbsp; (Cost $878,439) | 969589 |
| **TOTAL INVESTMENTS—96.6%** | **TOTAL INVESTMENTS—96.6%** | **TOTAL INVESTMENTS—96.6%** |
| &nbsp;&nbsp;&nbsp; (Cost $878,439) | &nbsp;&nbsp;&nbsp; (Cost $878,439) | 969589 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—3.4%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—3.4%** | 33828 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $1003417 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

---

| | |
|:---|:---|
| \* | 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 <br> 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.<br>|

---

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Small Cap Value Fund** <br>**Portfolio of Investments—January 31, 2023 (Unaudited)**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—98.1%** | **COMMON STOCKS—98.1%** | **COMMON STOCKS—98.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **AEROSPACE & DEFENSE—8.1%** | **AEROSPACE & DEFENSE—8.1%** | **AEROSPACE & DEFENSE—8.1%** |
| 828202 | AAR Corp.<sup>\*</sup> | $42603 |
| 808183 | Hexcel Corp. | 57041 |
| 421536 | Moog Inc. | 40181 |
| 976912 | Parsons Corp.<sup>\*</sup> | 42515 |
|  |  | 182340 |
| **BANKS—12.4%** | **BANKS—12.4%** | **BANKS—12.4%** |
| 840213 | Enterprise Financial Services Corp. | 44800 |
| 998075 | First Merchants Corp. | 42558 |
| 829918 | Heartland Financial USA Inc. | 41056 |
| 546224 | South State Corp. | 43479 |
| 1252598 | Trustmark Corp. | 36476 |
| 857372 | United Bankshares Inc. | 34466 |
| 1131342 | United Community Banks | 36814 |
|  |  | 279649 |
| **CAPITAL MARKETS—4.6%** | **CAPITAL MARKETS—4.6%** | **CAPITAL MARKETS—4.6%** |
| 697222 | Houlihan Lokey Inc. | 69074 |
| 513050 | Stifel Financial Corp. | 34585 |
|  |  | 103659 |
| **CHEMICALS—4.6%** | **CHEMICALS—4.6%** | **CHEMICALS—4.6%** |
| 594269 | Cabot Corp. | 44766 |
| 828202 | Scotts Miracle-Gro Co. | 59788 |
|  |  | 104554 |
| **COMMERCIAL SERVICES & SUPPLIES—3.9%** | **COMMERCIAL SERVICES & SUPPLIES—3.9%** | **COMMERCIAL SERVICES & SUPPLIES—3.9%** |
| 893978 | Casella Waste Systems Inc.<sup>\*</sup> | 71626 |
| 2053347 | Steelcase Inc. | 16016 |
|  |  | 87642 |
| **CONSUMER FINANCE—1.8%** | **CONSUMER FINANCE—1.8%** | **CONSUMER FINANCE—1.8%** |
| 436979 | FirstCash Holdings Inc. | 40281 |
| **ELECTRICAL EQUIPMENT—1.6%** | **ELECTRICAL EQUIPMENT—1.6%** | **ELECTRICAL EQUIPMENT—1.6%** |
| 439839 | EnerSys | 36515 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—7.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—7.8%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS—7.8%** |
| 359192 | Advanced Energy Industries Inc. | 33312 |
| 745267 | CTS Corp. | 33172 |
| 169301 | Littelfuse Inc. | 43458 |
| 676632 | Methode Electronics Inc. | 32302 |
| 339746 | Plexus Corp.<sup>\*</sup> | 32612 |
|  |  | 174856 |
| **ENERGY EQUIPMENT & SERVICES—3.5%** | **ENERGY EQUIPMENT & SERVICES—3.5%** | **ENERGY EQUIPMENT & SERVICES—3.5%** |
| 2106539 | Archrock Inc. | 20876 |
| 327734 | Core Laboratories NV (Netherlands) | 8390 |
| 454710 | DMC Global Inc.<sup>\*</sup> | 10340 |
| 1811978 | Oceaneering International Inc.<sup>\*</sup> | 38686 |
|  |  | 78292 |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.3%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.3%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)—4.3%** |
| 1130770 | Corporate Office Properties Trust | 31741 |
| 1484815 | Pebblebrook Hotel Trust | 24351 |
| 1167376 | STAG Industrial Inc. | 41558 |
|  |  | 97650 |
| **FOOD PRODUCTS—2.5%** | **FOOD PRODUCTS—2.5%** | **FOOD PRODUCTS—2.5%** |
| 841929 | Darling Ingredients Inc.<sup>\*</sup> | 55812 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **HEALTH CARE EQUIPMENT & SUPPLIES—3.6%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.6%** | **HEALTH CARE EQUIPMENT & SUPPLIES—3.6%** |
| 562239 | CONMED Corp. | $53840 |
| 414101 | Integer Holdings Corp.<sup>\*</sup> | 27252 |
|  |  | 81092 |
| **HEALTH CARE PROVIDERS & SERVICES—1.5%** | **HEALTH CARE PROVIDERS & SERVICES—1.5%** | **HEALTH CARE PROVIDERS & SERVICES—1.5%** |
| 2140285 | MEDNAX Inc.<sup>\*</sup> | 32853 |
| **HOTELS, RESTAURANTS & LEISURE—3.5%** | **HOTELS, RESTAURANTS & LEISURE—3.5%** | **HOTELS, RESTAURANTS & LEISURE—3.5%** |
| 913424 | Cheesecake Factory Inc.<sup>\*</sup> | 35852 |
| 383215 | Cracker Barrel Old Country Store Inc. | 42759 |
|  |  | 78611 |
| **HOUSEHOLD DURABLES—2.7%** | **HOUSEHOLD DURABLES—2.7%** | **HOUSEHOLD DURABLES—2.7%** |
| 173304 | Helen of Troy Ltd.<sup>\*</sup> | 19603 |
| 378067 | Meritage Homes Corp.<sup>\*</sup> | 40714 |
|  |  | 60317 |
| **INSURANCE—3.8%** | **INSURANCE—3.8%** | **INSURANCE—3.8%** |
| 539361 | Horace Mann Educators Corp. | 19207 |
| 336886 | Reinsurance Group of America Inc. | 51129 |
| 453566 | United Fire Group Inc. | 14283 |
|  |  | 84619 |
| **IT SERVICES—1.5%** | **IT SERVICES—1.5%** | **IT SERVICES—1.5%** |
| 5107057 | Sabre Corp.<sup>\*</sup> | 34779 |
| **MACHINERY—11.4%** | **MACHINERY—11.4%** | **MACHINERY—11.4%** |
| 454710 | Albany International Corp. | 50996 |
| 1280053 | Flowserve Corp.<sup>\*</sup> | 44059 |
| 665192 | Franklin Electric Co. Inc. | 60067 |
| 705230 | SPX Technologies Inc.<sup>\*</sup> | 52899 |
| 585690 | Timken Co. | 48232 |
|  |  | 256253 |
| **PHARMACEUTICALS—2.2%** | **PHARMACEUTICALS—2.2%** | **PHARMACEUTICALS—2.2%** |
| 904845 | Catalent Inc.<sup>\*</sup> | 48454 |
| **ROAD & RAIL—1.2%** | **ROAD & RAIL—1.2%** | **ROAD & RAIL—1.2%** |
| 296848 | Ryder System Inc. | 28025 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.2%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.2%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT—5.2%** |
| 566243 | Amkor Technology Inc. | 16568 |
| 413529 | Diodes Inc.<sup>\*</sup> | 36883 |
| 269394 | Entegris Inc. | 21743 |
| 1465369 | FormFactor Inc.<sup>\*</sup> | 41235 |
|  |  | 116429 |
| **SOFTWARE—3.5%** | **SOFTWARE—3.5%** | **SOFTWARE—3.5%** |
| 1334961 | Box Inc.<sup>\*</sup> | 42705 |
| 567387 | Envestnet Inc.<sup>\*</sup> | 36880 |
|  |  | 79585 |
| **TEXTILES, APPAREL & LUXURY GOODS—1.0%** | **TEXTILES, APPAREL & LUXURY GOODS—1.0%** | **TEXTILES, APPAREL & LUXURY GOODS—1.0%** |
| 1435627 | Wolverine World Wide Inc. | 23157 |

---

------

**Harbor Small Cap Value Fund** <br>**Portfolio of Investments—Continued**

------

*Value and Cost in Thousands* 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** | **COMMON STOCKS—Continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** |  | **Value** |
| **TRADING COMPANIES & DISTRIBUTORS—1.9%** | **TRADING COMPANIES & DISTRIBUTORS—1.9%** | **TRADING COMPANIES & DISTRIBUTORS—1.9%** |
| 371203 | GATX Corp. | $42484 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |
| &nbsp;&nbsp;&nbsp; (Cost $1,602,567) | &nbsp;&nbsp;&nbsp; (Cost $1,602,567) | 2207908 |
| **TOTAL INVESTMENTS—98.1%** | **TOTAL INVESTMENTS—98.1%** | **TOTAL INVESTMENTS—98.1%** |
| &nbsp;&nbsp;&nbsp; (Cost $1,602,567) | &nbsp;&nbsp;&nbsp; (Cost $1,602,567) | 2207908 |
| **CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%** | **CASH AND OTHER ASSETS, LESS LIABILITIES—1.9%** | 43122 |
| **TOTAL NET ASSETS—100.0%** | **TOTAL NET ASSETS—100.0%** | $2251030 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**FAIR VALUE MEASUREMENTS**

All investments as of January 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.

------

\* Non-income producing security

The accompanying notes are an integral part of the Portfolios of Investments.

------

**Harbor Funds** <br>**Notes to Portfolios of Investments—January 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 January 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. ("Harbor Capital") is the investment adviser for the Funds.

---

| | |
|:---|:---|
| Harbor Capital Appreciation Fund | Harbor International Growth Fund |
| Harbor Convertible Securities Fund | Harbor International Small Cap Fund |
| Harbor Core Bond Fund | Harbor Large Cap Value Fund |
| Harbor Core Plus Fund  | Harbor Mid Cap Fund |
| Harbor Disruptive Innovation Fund | Harbor Mid Cap Value Fund |
| Harbor Diversified International All Cap Fund | &nbsp;&nbsp; Harbor Overseas Fund (currently, Harbor International <br> Core Fund)<br>|
| Harbor Global Leaders Fund | Harbor Small Cap Growth Fund |
| Harbor High-Yield Bond Fund | Harbor Small Cap Value Fund |
| Harbor International Fund |  |

---

Effective March 1, 2023, Harbor Overseas Fund was renamed Harbor International Core Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **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 selected by the Board of Trustees. 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

------

**Harbor Funds** <br>**Notes to Portfolios of Investments—Continued**

------

**Note 2—Significant Accounting Policies—Continued** 

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.

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.

A Fund may also use fair value pricing if the value of some or all of the Fund's securities have been materially affected by events occurring before the Fund's pricing time but after the close of the primary markets or exchanges on which the security is traded. This most commonly occurs with foreign securities, but may occur with other securities as well. In such cases, the Fund may apply a fair value factor supplied by the pricing vendor to a foreign security's market close value to reflect changes in value that may have occurred between the close of the primary market or exchange on which the security is traded and the Fund's pricing time. That factor may be derived using observable inputs such as a comparison of the trading patterns of a foreign security to intraday trading in the U.S. markets that are highly correlated to the foreign security or other information that becomes available after the close of the foreign market on which the security principally traded. When fair value pricing is employed, the prices of securities used by a Fund to calculate its net asset value may differ from market quotations, official closing prices or evaluated prices for the same securities, which means that the Fund may value those securities higher or lower than another given fund that uses market quotations, official closing prices or evaluated prices supplied by a pricing vendor in its calculation of net asset value. Securities valued using observable inputs, such as those described above, are normally categorized as Level 2 of 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 incorporates 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, <br> credit risk, etc.).<br>|
| Level 3– | Significant unobservable inputs are used in situations where quoted prices or other observable inputs are not available <br> or are deemed unreliable. Significant unobservable inputs may include each Fund's own assumptions.<br>|

---

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).

------

**Harbor Funds** <br>**Notes to Portfolios of Investments—Continued**

------

**Note 3—Subsequent Events**

**Subsequent Events**

At the meeting of the Board of Trustees held on November 13-14, 2022, the Board of Trustees approved the reorganization (the "Reorganization") of the Harbor High-Yield Bond Fund into the Harbor Scientific Alpha High-Yield ETF, a series of Harbor ETF Trust that operates as an exchange-traded fund and subadvised by BlueCove Limited. The Reorganization occurred on close of business on February 24, 2023. Additional information related to these changes can be found in the supplement to the Fund's prospectus and statement of additional information as filed with the SEC on December 1, 2022.

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.

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![(Lighthouse Logo)](imgcc6b2aa75.jpg)<br>

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HARBOR FUNDS

- **b. Investment Company Act file number:** 811-04676

- **c. CIK number of Registrant:** 0000793769

- **d. LEI of Registrant:** 549300YJH4HL5M6WFP75

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 111 SOUTH WACKER DRIVE

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-443-4400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Harbor Core Plus Fund

- **b. EDGAR series identifier (if any):** S000000682

- **c. LEI of Series:** EOW1NK32RWEIMTVXK597

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $996877752.49

**Total Liabilities:** $6423779.07

**Net Assets:** $990453973.42

**Cash Not Reported:** $20198132.15

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -1038.73000000 | **1-Year:** -26522.64000000 | **5-Year:** -82169.71000000 | **10-Year:** -80821.02000000 | **30-Year:** -45143.94000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -309.73000000 | **1-Year:** -5892.99000000 | **5-Year:** -15113.98000000 | **10-Year:** -9088.71000000 | **30-Year:** -574.63000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001977 | 3.61%                | -0.37%               | 3.67%                |
| Class ID C000200770 | 3.64%                | -0.34%               | 3.69%                |
| Class ID C000001976 | 3.63%                | -0.35%               | 3.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1971123.02             | $33254823.80                               |
| Month 2  | $-300709.25              | $-6257158.25                               |
| Month 3  | $-976876.71              | $33156063.95                               |

### Schedule of Portfolio Investments

| Name                                              | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CROWN CASTLE INTL CORP                            | Crown Castle International Corp                                                 | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   4000000 | PA      | $3861331.16   | 0.39%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412MRS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2044 | PA      | $2061.87      | 0.00%             | 2023-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138APZP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    143566 | PA      | $143768.36    | 0.01%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NWM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5604 | PA      | $5763.14      | 0.00%             | 2028-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                               | Sound Point Clo XII Ltd                                                         | CUSIP: 83610CAW1<br>LEI: 549300EBWPUX52MGF160 | Long             | ABS-CBDO         | CORP              | KY        |   2235857 | PA      | $2218832.68   | 0.22%             | 2028-10-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AMGL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    117142 | PA      | $116433.90    | 0.01%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ABSV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2245 | PA      | $2264.56      | 0.00%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404JTX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2391 | PA      | $2432.79      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                 | Expedia Group Inc                                                               | CUSIP: 30212PAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3506566.51   | 0.35%             | 2025-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING, LLC                            | Taco Bell Funding LLC                                                           | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6930000 | PA      | $6075040.36   | 0.61%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                           | Jersey Central Power & Light Co                                                 | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    900000 | PA      | $877698.55    | 0.09%             | 2026-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617MB4Z9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3050825 | PA      | $3070196.29   | 0.31%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW ENGLAND POWER CO                              | New England Power Co                                                            | CUSIP: 644188BH6<br>LEI: 549300DTVRGN9GYD5U85 | Long             | DBT              | CORP              | US        |   2877000 | PA      | $3168334.05   | 0.32%             | 2052-11-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241KZG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     21552 | PA      | $22362.03     | 0.00%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                               | Highwoods Realty LP                                                             | CUSIP: 431282AT9<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |   2500000 | PA      | $1919457.35   | 0.19%             | 2031-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3129433W1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     67100 | PA      | $68325.36     | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419ACV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     33710 | PA      | $35492.73     | 0.00%             | 2040-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ALGM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     57571 | PA      | $58612.06     | 0.01%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                              | Birch Grove CLO Ltd                                                             | CUSIP: 09075JAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3967998.00   | 0.40%             | 2031-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418VWV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18269 | PA      | $18793.61     | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408JMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     60764 | PA      | $61815.82     | 0.01%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GSMPS Mortgage Loan Trust                         | GSMPS Mortgage Loan Trust 2006-RP2                                              | CUSIP: 36298XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3163792 | PA      | $2631316.24   | 0.27%             | 2036-04-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416PUV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3583 | PA      | $3594.18      | 0.00%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                           | Macy's Retail Holdings LLC                                                      | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3612000 | PA      | $3300952.62   | 0.33%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410E3F3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     83484 | PA      | $86095.82     | 0.01%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                  | WFRBS Commercial Mortgage Trust 2014-C23                                        | CUSIP: 92939HAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6450000 | PA      | $6286311.90   | 0.63%             | 2057-10-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                        | CUSIP: 92840VAL6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   4990000 | PA      | $4900013.33   | 0.49%             | 2025-05-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405R7C4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    339928 | PA      | $356255.30    | 0.04%             | 2035-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJ3T5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    446656 | PA      | $438840.94    | 0.04%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                        | Morgan Stanley ABS Capital I Inc Trust 2007-HE1                                 | CUSIP: 617526AE8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-O            | CORP              | US        |   1571744 | PA      | $957882.27    | 0.10%             | 2036-11-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                           | GSR Mortgage Loan Trust 2005-AR3                                                | CUSIP: 36242D4T7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |    193946 | PA      | $144815.82    | 0.01%             | 2035-05-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5823000 | PA      | $5479533.96   | 0.55%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617BDEG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    142806 | PA      | $145841.59    | 0.01%             | 2048-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417W3U3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       474 | PA      | $479.84       | 0.00%             | 2025-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75609000 | PA      | $55094152.17  | 5.56%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3132GJCU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     86840 | PA      | $88427.11     | 0.01%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NEZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3457 | PA      | $3554.66      | 0.00%             | 2027-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation             | Ammc Clo 20 Ltd                                                                 | CUSIP: 00177TAJ2<br>LEI: 549300LDRXVT7PCHV066 | Long             | ABS-CBDO         | CORP              | KY        |   1184087 | PA      | $1181127.02   | 0.12%             | 2029-04-17      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Loan Trust            | Banc of America Alternative Loan Trust 2006-7                                   | CUSIP: 059469AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6805364 | PA      | $2035246.04   | 0.21%             | 2036-10-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                   | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |   3034000 | PA      | $3167793.64   | 0.32%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417SBP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2071 | PA      | $2126.71      | 0.00%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406HU70<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6591 | PA      | $6803.27      | 0.00%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36201XN87<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       428 | PA      | $437.72       | 0.00%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Catamaran CLO Ltd                                 | Catamaran CLO 2014-1 Ltd                                                        | CUSIP: 14889DAJ7<br>LEI: 549300C8Q7ISEHHDRH76 | Long             | ABS-CBDO         | CORP              | KY        |   4745399 | PA      | $4698851.78   | 0.47%             | 2030-04-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XBJZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5585056 | PA      | $5629465.67   | 0.57%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402DP95<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       392 | PA      | $410.24       | 0.00%             | 2034-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418QFG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10262 | PA      | $10390.54     | 0.00%             | 2025-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132D54S8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99280 | PA      | $97129.21     | 0.01%             | 2035-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QBSL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7800478 | PA      | $7422655.41   | 0.75%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31385XNR4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       800 | PA      | $830.57       | 0.00%             | 2033-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416B2P2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    333527 | PA      | $350663.29    | 0.04%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419HCV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    113930 | PA      | $117199.20    | 0.01%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403QR93<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5169 | PA      | $5260.17      | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                          | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3327582.52   | 0.34%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402CVQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    119051 | PA      | $124472.19    | 0.01%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416NA28<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       533 | PA      | $538.96       | 0.00%             | 2024-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414FTG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1124 | PA      | $1155.55      | 0.00%             | 2038-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406QJN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     82965 | PA      | $85573.40     | 0.01%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418RW64<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3986 | PA      | $4035.89      | 0.00%             | 2025-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2457389.40   | 0.25%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                          | JP Morgan Mortgage Trust 2006-S1                                                | CUSIP: 466247N90<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51579 | PA      | $50406.61     | 0.01%             | 2036-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407MHB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2037 | PA      | $2085.40      | 0.00%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ASVH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2180 | PA      | $2175.86      | 0.00%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405XCA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     17635 | PA      | $18145.41     | 0.00%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IndyMac ARM Trust                                 | IndyMac ARM Trust 2001-H2                                                       | CUSIP: 45660UAT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1790 | PA      | $1660.07      | 0.00%             | 2032-01-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                          | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BE1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4528552.55   | 0.46%             | 2025-05-13      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415MFQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       834 | PA      | $840.94       | 0.00%             | 2023-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6904000 | PA      | $5365080.93   | 0.54%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGE26<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     90061 | PA      | $94677.04     | 0.01%             | 2040-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A2UF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     50983 | PA      | $52332.58     | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                    | Alternative Loan Trust 2005-20CB                                                | CUSIP: 12667GQB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1239556 | PA      | $814440.36    | 0.08%             | 2035-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A2SY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19912 | PA      | $20203.38     | 0.00%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION                     | United States Small Business Administration                                     | CUSIP: 83162CRY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-O            | USGA              | US        |   1129068 | PA      | $1111156.53   | 0.11%             | 2028-08-01      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407MZ40<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1332 | PA      | $1380.97      | 0.00%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617LR6Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     87763 | PA      | $85814.70     | 0.01%             | 2049-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412REL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1721 | PA      | $1744.15      | 0.00%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                              | Fannie Mae REMIC Trust 2003-W1                                                  | CUSIP: 31392GVX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     97721 | PA      | $94847.78     | 0.01%             | 2042-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| BGC Partners Inc                                  | BGC Partners Inc                                                                | CUSIP: 05541TAK7<br>LEI: TF1LXM1YNB81WKUH5G19 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6306697.40   | 0.64%             | 2023-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                  | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAB9<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    612800 | PA      | $585354.28    | 0.06%             | 2048-09-05      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1429000 | PA      | $1394454.93   | 0.14%             | 2036-09-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                          | KLA Corp                                                                        | CUSIP: 482480AF7<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1283849.83   | 0.13%             | 2034-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36225CL20<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     24930 | PA      | $24132.52     | 0.00%             | 2029-11-20      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617AUEK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    113747 | PA      | $116059.81    | 0.01%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                                  | Triton Container International Ltd                                              | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |   3519000 | PA      | $3120588.07   | 0.32%             | 2026-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp             | NEW YORK ST URBAN DEV CORP REVENUE                                              | CUSIP: 650036AV8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3461076.45   | 0.35%             | 2027-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38378YH93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4786108 | PA      | $856106.86    | 0.09%             | 2044-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS ESCROW CORP                              | Entegris Escrow Corp                                                            | CUSIP: 29365BAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3210000 | PA      | $3086511.30   | 0.31%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407HKX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       458 | PA      | $474.62       | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3622ABJW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6075590 | PA      | $6321421.35   | 0.64%             | 2049-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31372TUK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2524 | PA      | $2595.97      | 0.00%             | 2024-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419ACU9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2501 | PA      | $2573.32      | 0.00%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                              | Hercules Capital Inc                                                            | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   2816000 | PA      | $2450233.11   | 0.25%             | 2026-09-16      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418NFL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8764 | PA      | $8867.57      | 0.00%             | 2025-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A4DW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9314 | PA      | $9425.32      | 0.00%             | 2026-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407EJW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    324349 | PA      | $340062.41    | 0.03%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    115060 | PA      | $113216.40    | 0.01%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412N4K9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     44916 | PA      | $44648.82     | 0.00%             | 2024-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                    | JP Morgan Mortgage Acquisition Corp 2006-HE1                                    | CUSIP: 46626LGF1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | ABS-O            | CORP              | US        |     64292 | PA      | $64379.70     | 0.01%             | 2036-01-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME COR                          | OWL Rock Core Income Corp                                                       | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5220093.63   | 0.53%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414QAF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       621 | PA      | $645.67       | 0.00%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402DC73<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     26982 | PA      | $28230.46     | 0.00%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KAA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1978 | PA      | $2075.05      | 0.00%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                              | FirstKey Homes 2022-SFR2 Trust                                                  | CUSIP: 33768DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6787116 | PA      | $6328283.62   | 0.64%             | 2039-03-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403TRH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     12519 | PA      | $12742.85     | 0.00%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A2CF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    260502 | PA      | $255193.46    | 0.03%             | 2025-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 36197LD31<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16822 | PA      | $17120.85     | 0.00%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                              | Boston Properties LP                                                            | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   4905000 | PA      | $4512425.48   | 0.46%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418C7B4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    120866 | PA      | $120703.46    | 0.01%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru                    | IndyMac INDX Mortgage Loan Trust 2005-AR31                                      | CUSIP: 45660LV97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    561309 | PA      | $479426.96    | 0.05%             | 2036-01-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT                            | American Airlines 2015-2 Class AA Pass Through Trust                            | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1445785 | PA      | $1325041.55   | 0.13%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416NBX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19564 | PA      | $19778.20     | 0.00%             | 2024-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416BLD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |   1788114 | PA      | $1874368.92   | 0.19%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                        | Fannie Mae REMICS                                                               | CUSIP: 31393APU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    211291 | PA      | $212485.69    | 0.02%             | 2033-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AJZM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     33874 | PA      | $34399.73     | 0.00%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140MGNE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12080401 | PA      | $10766679.70  | 1.09%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIRST NATIONWIDE TRUST                            | FNT Mortgage-Backed Pass-Through Trust 2001-3                                   | CUSIP: 22540A3S5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       332 | PA      | $318.78       | 0.00%             | 2031-08-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                          | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668AU6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4776381.74   | 0.48%             | 2028-11-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410SYK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2513 | PA      | $2584.68      | 0.00%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617JNJQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1212755 | PA      | $1257395.37   | 0.13%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31409TY85<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     46736 | PA      | $48384.11     | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                    | EPR Properties                                                                  | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |   1900000 | PA      | $1734334.71   | 0.18%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                               | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2850000 | PA      | $3108705.47   | 0.31%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31411AH24<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19140 | PA      | $19711.89     | 0.00%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136AXS22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11777044 | PA      | $446016.67    | 0.05%             | 2057-09-25      | Variable      | 0.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410LM58<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2837 | PA      | $2966.86      | 0.00%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                   | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6226336.90   | 0.63%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGRS5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       271 | PA      | $273.90       | 0.00%             | 2024-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                        | Apidos CLO XXVI                                                                 | CUSIP: 03766GAL6<br>LEI: 549300RV409NJP65MP20 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3970673.96   | 0.40%             | 2029-07-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                          | Ford Motor Credit Co LLC                                                        | CUSIP: 345397YG2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3824437.50   | 0.39%             | 2024-01-09      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AACD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3145 | PA      | $3126.35      | 0.00%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412XS62<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       621 | PA      | $654.88       | 0.00%             | 2037-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31413Y7J4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2361 | PA      | $2488.14      | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410DXY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     54610 | PA      | $57239.00     | 0.01%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403DLX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19684 | PA      | $20650.14     | 0.00%             | 2036-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                   | BAE Systems PLC                                                                 | CUSIP: 05523RAF4<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   8580000 | PA      | $6993196.95   | 0.71%             | 2031-02-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KFH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    809173 | PA      | $850746.27    | 0.09%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38382BP56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4678969 | PA      | $692399.94    | 0.07%             | 2041-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406ELQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1445 | PA      | $1483.16      | 0.00%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412U6S4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6198 | PA      | $6275.04      | 0.00%             | 2024-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136ANRT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2908618 | PA      | $486491.14    | 0.05%             | 2045-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                        | Morgan Stanley ABS Capital I Inc Trust 2007-HE6                                 | CUSIP: 61755CAC6<br>LEI: 5493005XH7EPFP4PGZ13 | Long             | ABS-MBS          | CORP              | US        |   3024620 | PA      | $2681677.55   | 0.27%             | 2037-05-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417MKJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       334 | PA      | $337.79       | 0.00%             | 2024-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31411BSA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       967 | PA      | $994.44       | 0.00%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                   | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4421594.95   | 0.45%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416MKE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     31977 | PA      | $32575.85     | 0.00%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                               | Block Financial LLC                                                             | CUSIP: 093662AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3238345.94   | 0.33%             | 2030-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AVEY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     23976 | PA      | $24057.14     | 0.00%             | 2041-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                                  | SBL Holdings Inc                                                                | CUSIP: 78397DAB4<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   5675000 | PA      | $4725298.51   | 0.48%             | 2031-02-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                       | Freddie Mac REMICS                                                              | CUSIP: 3133TQFM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       145 | PA      | $144.46       | 0.00%             | 2030-11-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M5GA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     75125 | PA      | $79420.93     | 0.01%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412NBR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18090 | PA      | $18743.30     | 0.00%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418S4V8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5219 | PA      | $5368.88      | 0.00%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                              | CUSIP: 3137AUQB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4380933 | PA      | $745297.93    | 0.08%             | 2042-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                   | Nissan Motor Co Ltd                                                             | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   3900000 | PA      | $3528518.80   | 0.36%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AA2P5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8052 | PA      | $8115.63      | 0.00%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407PCL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1653 | PA      | $1698.98      | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                         | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4025538.60   | 0.41%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617M4XM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     87026 | PA      | $85093.80     | 0.01%             | 2049-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                         | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14                     | CUSIP: 61690GAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2637969 | PA      | $2602812.06   | 0.26%             | 2047-02-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae II Pool                                                              | CUSIP: 36179UMM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1269299 | PA      | $1262007.22   | 0.13%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418PQT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       256 | PA      | $263.11       | 0.00%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                          | Vantage Data Centers Issuer LLC                                                 | CUSIP: 92212KAD8<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1766482.40   | 0.18%             | 2046-10-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 3128Q2FY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5147 | PA      | $5076.73      | 0.00%             | 2035-08-01      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                                                    | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4003000 | PA      | $3322000.99   | 0.34%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418AGV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     20772 | PA      | $21129.74     | 0.00%             | 2042-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6PM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1255 | PA      | $1293.52      | 0.00%             | 2033-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                           | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              |  | US        |   4500000 | PA      | $4071118.14   | 0.41%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                            | Sixth Street Specialty Lending Inc                                              | CUSIP: 83012AAA7<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4924663.21   | 0.50%             | 2026-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X6WA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1289997 | PA      | $1259019.44   | 0.13%             | 2035-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402Q5T4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2245 | PA      | $2353.46      | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer                    | WaMu Mortgage Pass-Through Certificates Series 2005-AR13 Trust                  | CUSIP: 92922F4M7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75750 | PA      | $70907.21     | 0.01%             | 2045-10-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418MG30<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3705 | PA      | $3880.39      | 0.00%             | 2037-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6PH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2114 | PA      | $2198.38      | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                            | Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2004-W11    | CUSIP: 040104MG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750563 | PA      | $735201.45    | 0.07%             | 2034-11-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410YGB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7948 | PA      | $8209.13      | 0.00%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136BAJ62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7387433 | PA      | $1423816.10   | 0.14%             | 2050-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418M7C0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |        52 | PA      | $51.30        | 0.00%             | 2024-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Physicians Realty LP                              | Physicians Realty LP                                                            | CUSIP: 71951QAB8<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |   1400000 | PA      | $1317431.01   | 0.13%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140HPCR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    216879 | PA      | $212165.94    | 0.02%             | 2033-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416VB37<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    108736 | PA      | $111853.17    | 0.01%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410G2H5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    344108 | PA      | $361789.99    | 0.04%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408D6V1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1287 | PA      | $1352.76      | 0.00%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KVB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      1436 | PA      | $1411.31      | 0.00%             | 2025-10-20      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates           | WaMu Mortgage Pass-Through Certificates Series 2006-AR8 Trust                   | CUSIP: 93362FAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1554844 | PA      | $1377187.55   | 0.14%             | 2046-08-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                            | Anglo American Capital PLC                                                      | CUSIP: 034863BB5<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   5267000 | PA      | $4909318.40   | 0.50%             | 2029-03-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416W6E7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1595 | PA      | $1557.31      | 0.00%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                               | COMM 2014-LC17 Mortgage Trust                                                   | CUSIP: 12592MBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $6338971.60   | 0.64%             | 2047-10-10      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| IXIS Real Estate Capital Trust                    | IXIS Real Estate Capital Trust 2005-HE1                                         | CUSIP: 45071KAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    673138 | PA      | $671363.89    | 0.07%             | 2035-06-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417TGY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       400 | PA      | $405.06       | 0.00%             | 2024-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418TZ83<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7252 | PA      | $7332.32      | 0.00%             | 2025-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31376KHD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       581 | PA      | $607.85       | 0.00%             | 2034-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406WRE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    252967 | PA      | $250474.83    | 0.03%             | 2035-08-01      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AJNT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    108192 | PA      | $110384.59    | 0.01%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36295XTD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     19559 | PA      | $19995.03     | 0.00%             | 2038-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                              | ServiceMaster Funding LLC                                                       | CUSIP: 81761TAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3185490 | PA      | $2630489.40   | 0.27%             | 2051-07-30      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415P3Z9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1815 | PA      | $1894.59      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416BLC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9219 | PA      | $9671.34      | 0.00%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M4NU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    378800 | PA      | $400764.35    | 0.04%             | 2037-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406TGD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       420 | PA      | $440.43       | 0.00%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                  | VB-S1 Issuer LLC - VBTEL                                                        | CUSIP: 91823AAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6810000 | PA      | $6165803.28   | 0.62%             | 2052-02-15      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617G9LL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    176922 | PA      | $181640.18    | 0.02%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402UNY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18748 | PA      | $19375.87     | 0.00%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31376KMK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     46946 | PA      | $49190.65     | 0.00%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                              | CUSIP: 3137FUKQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1424785 | PA      | $1387202.07   | 0.14%             | 2040-10-15      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36295NJT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     15573 | PA      | $15977.92     | 0.00%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                            | Sequoia Mortgage Trust 2023-1                                                   | CUSIP: 81749BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4990000 | PA      | $4950620.92   | 0.50%             | 2053-01-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                            | Group 1 Automotive Inc                                                          | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2554247.50   | 0.26%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617N5T68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    184783 | PA      | $187818.12    | 0.02%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36297FY22<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     11159 | PA      | $11579.06     | 0.00%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417V6E8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6266 | PA      | $6345.12      | 0.00%             | 2024-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296PMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     30009 | PA      | $30895.57     | 0.00%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                | Wendy's Funding LLC                                                             | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   6895000 | PA      | $5859862.61   | 0.59%             | 2051-06-15      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XCDX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11263951 | PA      | $11281805.95  | 1.14%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36208ACE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      6063 | PA      | $6008.77      | 0.00%             | 2024-05-20      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A2NX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     16377 | PA      | $16277.98     | 0.00%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XCNR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4993063 | PA      | $4882187.87   | 0.49%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                          | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    900000 | PA      | $872962.49    | 0.09%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust                          | DSLA Mortgage Loan Trust 2006-AR1                                               | CUSIP: 23332UGK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    864386 | PA      | $697060.09    | 0.07%             | 2046-03-19      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST                            | CVS Pass-Through Trust                                                          | CUSIP: 126650BQ2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    392692 | PA      | $407165.08    | 0.04%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KMP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       108 | PA      | $107.30       | 0.00%             | 2024-07-20      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GUV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     14163 | PA      | $14816.83     | 0.00%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X66E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5333301 | PA      | $5255047.42   | 0.53%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                    | Palmer Square Loan Funding 2021-4 Ltd                                           | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3230505 | PA      | $3198199.46   | 0.32%             | 2029-10-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                          | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2856000 | PA      | $2550093.84   | 0.26%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGZZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     45507 | PA      | $46291.07     | 0.00%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296QRY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      2419 | PA      | $2502.26      | 0.00%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410QCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    124125 | PA      | $131189.73    | 0.01%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617GSDY2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     92657 | PA      | $95216.69     | 0.01%             | 2048-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404SZW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10647 | PA      | $10831.77     | 0.00%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408DRS5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     11921 | PA      | $12505.71     | 0.00%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                    | BCAP LLC 2011-RR4-I Trust                                                       | CUSIP: 05533XAC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-MBS          | CORP              | US        |   1243282 | PA      | $563684.07    | 0.06%             | 2036-02-26      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408EXX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       152 | PA      | $154.92       | 0.00%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YU54<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     14865 | PA      | $15055.86     | 0.00%             | 2025-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YZW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9338 | PA      | $9304.38      | 0.00%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418CXX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137965 | PA      | $137590.49    | 0.01%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                          | Occidental Petroleum Corp                                                       | CUSIP: 674599DG7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  13200000 | PA      | $6700825.16   | 0.68%             | 2036-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617L7K73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     73292 | PA      | $71797.51     | 0.01%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416BN53<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       955 | PA      | $1000.51      | 0.00%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403DD97<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     30034 | PA      | $31507.53     | 0.00%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                        | VMware Inc                                                                      | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3569368.25   | 0.36%             | 2027-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36211SCZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       550 | PA      | $568.47       | 0.00%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31381BDB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2958 | PA      | $3009.18      | 0.00%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KVP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       808 | PA      | $784.99       | 0.00%             | 2025-10-20      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AKGD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     20103 | PA      | $20679.22     | 0.00%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NJ63<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    248736 | PA      | $255793.42    | 0.03%             | 2027-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406TQT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       478 | PA      | $501.08       | 0.00%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                          | JP Morgan Mortgage Trust 2006-A6                                                | CUSIP: 46628BAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984601 | PA      | $745441.73    | 0.08%             | 2036-10-25      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                           | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4441000 | PA      | $4340020.68   | 0.44%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412LEE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     20792 | PA      | $21151.71     | 0.00%             | 2027-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419F2B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     11591 | PA      | $11751.52     | 0.00%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617LKDJ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2440 | PA      | $2385.57      | 0.00%             | 2049-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Specialty Underwriting & Resid                    | Specialty Underwriting & Residential Finance Trust Series 2006-BC4              | CUSIP: 84751YAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2383487 | PA      | $842778.59    | 0.09%             | 2037-09-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416MXC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       201 | PA      | $203.09       | 0.00%             | 2024-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                          | Brandywine Operating Partnership LP                                             | CUSIP: 105340AN3<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   5000000 | PA      | $4837183.85   | 0.49%             | 2024-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ATUZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     60055 | PA      | $61088.92     | 0.01%             | 2041-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A1MN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8587 | PA      | $8599.58      | 0.00%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414RJP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     39879 | PA      | $40849.29     | 0.00%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KNW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      6872 | PA      | $6806.10      | 0.00%             | 2024-09-20      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                      | METLIFE SECURITIZATION TRUST 2018-1                                             | CUSIP: 59166DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2131214 | PA      | $2032547.77   | 0.21%             | 2057-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AMK38<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     35096 | PA      | $35548.51     | 0.00%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412SYY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2137 | PA      | $2226.80      | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404EM37<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4249 | PA      | $4322.88      | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mor                    | Structured Adjustable Rate Mortgage Loan Trust                                  | CUSIP: 863579PK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121841 | PA      | $116899.33    | 0.01%             | 2035-04-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406VQS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18580 | PA      | $18461.61     | 0.00%             | 2035-05-01      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416WUB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     20985 | PA      | $21361.38     | 0.00%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416CLT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    458902 | PA      | $485023.94    | 0.05%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417Y7D3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     45469 | PA      | $46463.09     | 0.00%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132DVLA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7840826 | PA      | $7001472.82   | 0.71%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QDT38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4330299 | PA      | $3838237.90   | 0.39%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404EJY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4247 | PA      | $4443.72      | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6944000 | PA      | $6566962.47   | 0.66%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403YUG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4607 | PA      | $4687.08      | 0.00%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416M3R3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     34812 | PA      | $34718.62     | 0.00%             | 2039-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                          | Angel Oak Mortgage Trust 2022-1                                                 | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3608763 | PA      | $3315243.21   | 0.33%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31413NY66<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     27266 | PA      | $28291.13     | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402C4G4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |   1577529 | PA      | $1648937.94   | 0.17%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138WJ6W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9945076 | PA      | $10027271.68  | 1.01%             | 2047-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416CE44<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1022 | PA      | $1033.03      | 0.00%             | 2024-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404KMF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3042 | PA      | $3100.40      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617BDD79<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    137392 | PA      | $139916.06    | 0.01%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403CXW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1480 | PA      | $1553.11      | 0.00%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410ENX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19320 | PA      | $19868.46     | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31386C3V2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    100888 | PA      | $98323.16     | 0.01%             | 2040-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 3622A2D58<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |    219944 | PA      | $227562.59    | 0.02%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2019-1                                                | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4797350 | PA      | $4638602.47   | 0.47%             | 2058-03-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296ANK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     18038 | PA      | $18475.72     | 0.00%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AGFZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    198277 | PA      | $201984.82    | 0.02%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A9RW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2435 | PA      | $2443.61      | 0.00%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410XHU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     83833 | PA      | $87448.57     | 0.01%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36292DXW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      5009 | PA      | $5133.20      | 0.00%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417JQF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1164 | PA      | $1178.67      | 0.00%             | 2024-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                            | Allegion US Holding Co Inc                                                      | CUSIP: 01748TAC5<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |   1927000 | PA      | $1962724.73   | 0.20%             | 2032-07-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410YEU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     12421 | PA      | $12773.16     | 0.00%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing L.P.                         | Trinity Rail Leasing 2020 LLC                                                   | CUSIP: 89656YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4337397.50   | 0.44%             | 2050-11-19      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                              | FirstKey Homes 2021-SFR1 Trust                                                  | CUSIP: 33767WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7343583 | PA      | $6535951.19   | 0.66%             | 2038-08-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae II Pool                                                              | CUSIP: 36179UKZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     50631 | PA      | $51718.35     | 0.01%             | 2049-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416WDZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2304 | PA      | $2340.31      | 0.00%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138MBG59<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9230 | PA      | $9152.45      | 0.00%             | 2042-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617MB5Q8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33414 | PA      | $32759.11     | 0.00%             | 2050-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                             | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1268607.20   | 0.13%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KXK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    558882 | PA      | $587595.17    | 0.06%             | 2038-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6PK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3066 | PA      | $3159.16      | 0.00%             | 2031-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                            | Argent Securities Trust 2006-W4                                                 | CUSIP: 040104TG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5572111 | PA      | $1420020.18   | 0.14%             | 2036-05-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140KHH46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8469492 | PA      | $7491698.50   | 0.76%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                   | Domino's Pizza Master Issuer LLC                                                | CUSIP: 25755TAP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6877500 | PA      | $5862805.34   | 0.59%             | 2051-04-25      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419FVG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7602 | PA      | $7611.88      | 0.00%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402HGD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     40120 | PA      | $41268.56     | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A8SV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     24249 | PA      | $24549.37     | 0.00%             | 2026-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                           | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $3021000.00   | 0.31%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor                    | CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10                   | CUSIP: 225470FJ7<br>LEI: 549300506SI9CRFV9Z86 | Long             | ABS-MBS          | CORP              | US        |    188303 | PA      | $139053.95    | 0.01%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION                     | United States Small Business Administration                                     | CUSIP: 83162CSG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-O            | USGA              | US        |    634935 | PA      | $631913.76    | 0.06%             | 2029-01-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                              | Tri Pointe Homes Inc                                                            | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2863000 | PA      | $2688900.97   | 0.27%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6N61<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       539 | PA      | $567.46       | 0.00%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                           | Digital Realty Trust LP                                                         | CUSIP: 25389JAT3<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |   5500000 | PA      | $5334450.99   | 0.54%             | 2028-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407UEZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     59499 | PA      | $61416.55     | 0.01%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617M4WK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    337158 | PA      | $330302.55    | 0.03%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                            | Verizon Communications Inc                                                      | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $2219951.10   | 0.22%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31400PZ32<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7859 | PA      | $8187.38      | 0.00%             | 2033-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| First Horizon Mortgage Pass-Th                    | First Horizon Asset Securities Inc                                              | CUSIP: 32051GJ89<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | ABS-MBS          | CORP              | US        |    149366 | PA      | $128859.99    | 0.01%             | 2036-02-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402TXH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       727 | PA      | $741.08       | 0.00%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                   | DC Office Trust 2019-MTC                                                        | CUSIP: 23312BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4900000 | PA      | $4110299.34   | 0.41%             | 2045-09-15      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KJV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    606134 | PA      | $638183.14    | 0.06%             | 2038-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ANQA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    161249 | PA      | $162866.85    | 0.02%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THROUGH                     | Freddie Mac Structured Pass-Through Certificates                                | CUSIP: 3133TCE95<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     11036 | PA      | $10675.57     | 0.00%             | 2032-08-15      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust        | JPMDB Commercial Mortgage Securities Trust 2016-C2                              | CUSIP: 46590LAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4225000 | PA      | $3986152.30   | 0.40%             | 2049-06-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132D53J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    124811 | PA      | $122108.31    | 0.01%             | 2034-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ANJA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     42403 | PA      | $43040.30     | 0.00%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407FG87<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     70571 | PA      | $73915.49     | 0.01%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408F4X4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    125642 | PA      | $128257.15    | 0.01%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                       | Oracle Corp                                                                     | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2776933.15   | 0.28%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A6H86<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     17220 | PA      | $17277.74     | 0.00%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                      | GS Mortgage Securities Trust 2015-GC30                                          | CUSIP: 36250GAN5<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-MBS          | CORP              | US        |   3888418 | PA      | $3720898.41   | 0.38%             | 2050-05-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                    | BCAP LLC Trust 2007-AA2                                                         | CUSIP: 05530NAA5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-MBS          | CORP              | US        |   2901151 | PA      | $2624592.62   | 0.26%             | 2047-05-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                        | AMSR 2022-SFR1 Trust                                                            | CUSIP: 00179WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7400000 | PA      | $6823904.08   | 0.69%             | 2039-03-17      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XGXU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5221983 | PA      | $4606075.31   | 0.47%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414J6R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     13004 | PA      | $13627.63     | 0.00%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412LH52<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     25313 | PA      | $25751.15     | 0.00%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark 2019-B9 Mortgage Trust                                                | CUSIP: 08160JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5200000 | PA      | $5002469.16   | 0.51%             | 2052-03-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                               | Carrier Global Corp                                                             | CUSIP: 14448CAR5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2360105.28   | 0.24%             | 2040-04-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31409GKP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    108798 | PA      | $114035.94    | 0.01%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415AT68<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       492 | PA      | $496.60       | 0.00%             | 2023-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416Q6H3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    104543 | PA      | $106340.79    | 0.01%             | 2039-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418THP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     16442 | PA      | $16651.44     | 0.00%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417KTX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       277 | PA      | $279.97       | 0.00%             | 2024-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418QC92<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       925 | PA      | $927.63       | 0.00%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3731320.00   | 0.38%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                              | JetBlue 2020-1 Class A Pass Through Trust                                       | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3911067 | PA      | $3568726.79   | 0.36%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31411EJ32<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18522 | PA      | $18844.45     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                                  | Carlisle Cos Inc                                                                | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2596262.27   | 0.26%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402QYY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    178341 | PA      | $186759.55    | 0.02%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XHEL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5753614 | PA      | $5084679.85   | 0.51%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                      | ARES LII CLO Ltd                                                                | CUSIP: 04009AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3947945.68   | 0.40%             | 2031-04-22      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416AWL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     11831 | PA      | $12398.19     | 0.00%             | 2038-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                             | DB Master Finance LLC                                                           | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   2262150 | PA      | $1945518.45   | 0.20%             | 2051-11-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403DGZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2005 | PA      | $2105.01      | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406VU87<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       582 | PA      | $595.81       | 0.00%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412T6Y4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     15571 | PA      | $16013.24     | 0.00%             | 2039-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M8CB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     76865 | PA      | $81260.95     | 0.01%             | 2040-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer                    | WaMu Mortgage Pass-Through Certificates Series 2005-AR6 Trust                   | CUSIP: 92922FJ25<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155857 | PA      | $150991.40    | 0.02%             | 2045-04-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412HMC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       939 | PA      | $967.79       | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 3622A2FL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |    201307 | PA      | $208880.35    | 0.02%             | 2041-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241LJY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     35565 | PA      | $36905.53     | 0.00%             | 2039-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                           | Pediatrix Medical Group Inc                                                     | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    708000 | PA      | $627415.44    | 0.06%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403NLD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       526 | PA      | $534.82       | 0.00%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NZ81<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7630 | PA      | $7761.80      | 0.00%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417JTS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1513 | PA      | $1529.77      | 0.00%             | 2024-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC             | New Economy Assets Phase 1 Sponsor LLC                                          | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $3925949.85   | 0.40%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KJ54<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    175170 | PA      | $183800.79    | 0.02%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                                       | Textron Inc                                                                     | CUSIP: 883203CC3<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3192545.53   | 0.32%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402C4H2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1494 | PA      | $1539.97      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                            | Credit Suisse Group AG                                                          | CUSIP: 225401BB3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   3070000 | PA      | $3451740.44   | 0.35%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| APTIV PLC / APTIV CORP                            | Aptiv PLC / Aptiv Corp                                                          | CUSIP: 00217GAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   5000000 | PA      | $3911296.80   | 0.39%             | 2052-05-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402C4J8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    406904 | PA      | $425473.82    | 0.04%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31413BSE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     13671 | PA      | $14409.22     | 0.00%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                       | Exelon Corp                                                                     | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2987777.33   | 0.30%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31409YMG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     37606 | PA      | $38706.21     | 0.00%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A8EM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     21593 | PA      | $21667.73     | 0.00%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31413R2P0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       410 | PA      | $431.14       | 0.00%             | 2037-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC                | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4375000 | PA      | $3760596.88   | 0.38%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410PAB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       914 | PA      | $945.09       | 0.00%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AMA39<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10183 | PA      | $10218.73     | 0.00%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NZE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       766 | PA      | $763.46       | 0.00%             | 2023-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132DMYN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4604617 | PA      | $4047675.25   | 0.41%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416KGP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     12614 | PA      | $12579.11     | 0.00%             | 2039-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410SBV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     35813 | PA      | $37501.00     | 0.00%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407XFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2721 | PA      | $2852.53      | 0.00%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust               | Citigroup Commercial Mortgage Trust 2015-GC27                                   | CUSIP: 17323CAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3389844 | PA      | $3258569.92   | 0.33%             | 2048-02-10      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6N79<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    124752 | PA      | $130754.76    | 0.01%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                          | Canadian Pacific Railway Co                                                     | CUSIP: 13645RAX2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1145000 | PA      | $1260139.38   | 0.13%             | 2115-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419AN94<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       299 | PA      | $301.93       | 0.00%             | 2025-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6PN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       537 | PA      | $552.48       | 0.00%             | 2029-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414DM45<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1478 | PA      | $1490.43      | 0.00%             | 2023-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ACCZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    173628 | PA      | $176615.43    | 0.02%             | 2041-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407PKY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19798 | PA      | $20362.75     | 0.00%             | 2035-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                | CHICAGO IL                                                                      | CUSIP: 167486D22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    816000 | PA      | $836859.82    | 0.08%             | 2042-01-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296DKZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      2256 | PA      | $2313.71      | 0.00%             | 2038-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suntrust Adjustable Rate Mortg                    | STARM Mortgage Loan Trust 2007-S1                                               | CUSIP: 855541AA6<br>LEI: 7E1PDLW1JL6TS0BS1G03 | Long             | ABS-MBS          | CORP              | US        |    233131 | PA      | $174764.37    | 0.02%             | 2037-01-25      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241KV62<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     53152 | PA      | $55144.26     | 0.01%             | 2038-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                     | Aircastle Ltd                                                                   | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   6200000 | PA      | $5409743.47   | 0.55%             | 2028-01-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                   | Aligned Data Centers Issuer LLC                                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7300900 | PA      | $6491612.76   | 0.66%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34359000 | PA      | $24371402.53  | 2.46%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                              | ServiceMaster Funding LLC                                                       | CUSIP: 81761TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367500 | PA      | $292971.88    | 0.03%             | 2051-01-30      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416VGC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1718 | PA      | $1810.28      | 0.00%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617NR7A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    125212 | PA      | $127560.99    | 0.01%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                            | CVS Pass-Through Trust                                                          | CUSIP: 126650BS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4546409 | PA      | $4916052.39   | 0.50%             | 2032-01-10      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                            | Pacific Gas and Electric Co                                                     | CUSIP: 694308HK6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1652208.34   | 0.17%             | 2024-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418C4Z4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    318666 | PA      | $322079.21    | 0.03%             | 2038-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418USW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     13727 | PA      | $13774.38     | 0.00%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KQ99<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      2790 | PA      | $2766.06      | 0.00%             | 2025-01-20      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset Backed Certificates | First Franklin Mortgage Loan Trust 2006-FF14                                    | CUSIP: 32027LAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $6429824.00   | 0.65%             | 2036-10-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     78324 | PA      | $82104.13     | 0.01%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC                              | Ferguson Finance PLC                                                            | CUSIP: 314890AD6<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |   4800000 | PA      | $4561981.58   | 0.46%             | 2032-04-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371MER4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6292 | PA      | $6604.15      | 0.00%             | 2035-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418U2M5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       351 | PA      | $354.21       | 0.00%             | 2025-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                      | Navient Corp                                                                    | CUSIP: 78442FET1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1704000 | PA      | $1701827.40   | 0.17%             | 2024-03-25      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405PFT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       250 | PA      | $262.43       | 0.00%             | 2034-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617JWBC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1808286 | PA      | $1852439.39   | 0.19%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241KW53<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       503 | PA      | $521.69       | 0.00%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416BMS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1613 | PA      | $1697.10      | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 64990FY99<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2652035.60   | 0.27%             | 2032-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                        | Fannie Mae REMICS                                                               | CUSIP: 3136A1GG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |   5062897 | PA      | $4854008.70   | 0.49%             | 2041-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                               | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   4540000 | PA      | $4560207.04   | 0.46%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                              | CUSIP: 3137BSUQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4291583 | PA      | $398785.07    | 0.04%             | 2035-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                            | GSAA Home Equity Trust 2006-20                                                  | CUSIP: 362351AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3226994 | PA      | $996610.63    | 0.10%             | 2046-12-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                          | Banco Bilbao Vizcaya Argentaria SA                                              | CUSIP: 05946KAJ0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    300000 | PA      | $271598.77    | 0.03%             | 2025-09-18      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407BZS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3242 | PA      | $3400.85      | 0.00%             | 2035-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KNH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7473 | PA      | $7857.21      | 0.00%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371NXK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     22004 | PA      | $22384.46     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ADHS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18624 | PA      | $18856.73     | 0.00%             | 2026-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3131X6GM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17033 | PA      | $16663.97     | 0.00%             | 2026-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                             | Norfolk Southern Corp                                                           | CUSIP: 655844BV9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3287821.45   | 0.33%             | 2052-08-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGVH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     63526 | PA      | $66790.29     | 0.01%             | 2040-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                  | Freddie Mac Strips                                                              | CUSIP: 31325UP26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10161117 | PA      | $466128.24    | 0.05%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                 | Service Corp International/US                                                   | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $3853256.00   | 0.39%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                          | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $4953496.74   | 0.50%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark 2020-B21 Mortgage Trust                                               | CUSIP: 08163LAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4730000 | PA      | $3898187.40   | 0.39%             | 2053-12-17      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417WLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2640 | PA      | $2672.56      | 0.00%             | 2025-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XFCB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12465942 | PA      | $12593404.58  | 1.27%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M5H45<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    222574 | PA      | $234761.13    | 0.02%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KBR INC                                           | KBR Inc                                                                         | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |   1642000 | PA      | $1490192.11   | 0.15%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                    | Manhattan West 2020-1MW Mortgage Trust                                          | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4900000 | PA      | $4307515.03   | 0.43%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31376KR32<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    133988 | PA      | $140450.74    | 0.01%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288VRT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |        57 | PA      | $56.68        | 0.00%             | 2024-06-01      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404JFS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4409 | PA      | $4485.88      | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGUL6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    176262 | PA      | $178490.49    | 0.02%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418MJV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     25777 | PA      | $26508.46     | 0.00%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136AUM24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3381032 | PA      | $256157.16    | 0.03%             | 2046-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410FEY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     13385 | PA      | $13817.61     | 0.00%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                        | Fannie Mae REMICS                                                               | CUSIP: 31394VL73<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     24042 | PA      | $23777.19     | 0.00%             | 2035-05-25      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                              | Tri Pointe Homes Inc                                                            | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1108000 | PA      | $1043625.20   | 0.11%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     76896 | PA      | $80920.33     | 0.01%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136B9UP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8903024 | PA      | $843281.95    | 0.09%             | 2035-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617L7U98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    481613 | PA      | $471903.82    | 0.05%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                        | Fannie Mae REMICS                                                               | CUSIP: 3136APAH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |   1734383 | PA      | $1711434.24   | 0.17%             | 2055-06-25      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402CTT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3594 | PA      | $3751.16      | 0.00%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31374CN36<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     15223 | PA      | $16015.42     | 0.00%             | 2039-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                               | COMM 2016-787S Mortgage Trust                                                   | CUSIP: 12635WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5400000 | PA      | $5043296.52   | 0.51%             | 2036-02-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                           | Scentre Group Trust 1 / Scentre Group Trust 2                                   | CUSIP: 80622GAE4<br>LEI: N/A                  | Long             | DBT              |  | AU        |   5700000 | PA      | $5332185.73   | 0.54%             | 2030-05-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403KJ61<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     42724 | PA      | $44669.68     | 0.00%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38375KWW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3816150 | PA      | $322868.06    | 0.03%             | 2037-07-20      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406BXE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3983 | PA      | $4079.40      | 0.00%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407FYD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    228182 | PA      | $233753.27    | 0.02%             | 2035-06-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417SAP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7658 | PA      | $7749.16      | 0.00%             | 2024-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410LBB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8990 | PA      | $9465.47      | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AKXQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     80685 | PA      | $81738.62     | 0.01%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ATHN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     16786 | PA      | $17014.80     | 0.00%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410FYT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7019 | PA      | $7418.67      | 0.00%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132ADVT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12610797 | PA      | $12499075.17  | 1.26%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412PMQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    143408 | PA      | $142553.35    | 0.01%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X9EV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11149701 | PA      | $10588040.12  | 1.07%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3133KL2T3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13152347 | PA      | $11566768.62  | 1.17%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                    | Lowe's Cos Inc                                                                  | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2113000 | PA      | $2183531.03   | 0.22%             | 2053-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404EA48<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6021 | PA      | $6154.06      | 0.00%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                       | Exelon Corp                                                                     | CUSIP: 30161NAC5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1591869.44   | 0.16%             | 2035-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132A6VV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83074 | PA      | $82571.68     | 0.01%             | 2025-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414FAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |        48 | PA      | $48.19        | 0.00%             | 2023-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9447000 | PA      | $7100748.94   | 0.72%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                                             | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3545290.96   | 0.36%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31407A6M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1694 | PA      | $1741.77      | 0.00%             | 2035-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                    | Alternative Loan Trust 2006-6CB                                                 | CUSIP: 12668BRX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1736701 | PA      | $1375150.14   | 0.14%             | 2036-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403DLV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1975 | PA      | $2076.37      | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410TBK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       920 | PA      | $956.21       | 0.00%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor                    | Banc of America Funding 2007-C Trust                                            | CUSIP: 059522AG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |    450656 | PA      | $400466.97    | 0.04%             | 2047-05-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2022-LP2                                           | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2413814 | PA      | $2367632.16   | 0.24%             | 2039-02-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8927000 | PA      | $7901092.38   | 0.80%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36225CUC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |    110203 | PA      | $108327.53    | 0.01%             | 2032-02-20      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                          | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AQ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |   2300000 | PA      | $2092498.21   | 0.21%             | 2049-04-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31382LHY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9645 | PA      | $9812.37      | 0.00%             | 2029-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                             | DB Master Finance LLC                                                           | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   4207500 | PA      | $3497980.44   | 0.35%             | 2051-11-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417NKV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5782 | PA      | $5855.11      | 0.00%             | 2024-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418DMF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1073935 | PA      | $1048587.19   | 0.11%             | 2035-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                            | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   4600000 | PA      | $4442716.75   | 0.45%             | 2026-06-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31406ARR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     25310 | PA      | $26027.88     | 0.00%             | 2034-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416S6C0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     17338 | PA      | $17551.01     | 0.00%             | 2024-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296AXM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     49604 | PA      | $50765.99     | 0.01%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 3136AR6B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1969965 | PA      | $341394.60    | 0.03%             | 2034-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418RHJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     36931 | PA      | $37380.70     | 0.00%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418C5T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    103816 | PA      | $103338.21    | 0.01%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402CWR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5221 | PA      | $5451.15      | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418MGG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       952 | PA      | $999.38       | 0.00%             | 2038-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414H5D5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    127686 | PA      | $133295.16    | 0.01%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AG4X3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     27138 | PA      | $27201.87     | 0.00%             | 2041-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31411UX55<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8051 | PA      | $8348.28      | 0.00%             | 2037-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419HDL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7832 | PA      | $7858.70      | 0.00%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                      | CUSIP: 05369AAD3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5008249.20   | 0.51%             | 2025-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation             | AMMC CLO XII Ltd                                                                | CUSIP: 00176CAW1<br>LEI: 549300YZO1X7UK2OVY35 | Long             | ABS-CBDO         | CORP              | KY        |   4200000 | PA      | $4185434.27   | 0.42%             | 2030-11-10      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust             | Wells Fargo Commercial Mortgage Trust 2018-C48                                  | CUSIP: 95001RAX7<br>LEI: 549300REQJRID6TODX95 | Long             | ABS-MBS          | CORP              | US        |   7117000 | PA      | $6948848.06   | 0.70%             | 2052-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403NS81<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8131 | PA      | $8507.21      | 0.00%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412PTH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42923 | PA      | $43058.99     | 0.00%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418RFS5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8009 | PA      | $8105.57      | 0.00%             | 2025-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                              | OneMain Finance Corp                                                            | CUSIP: 85172FAM1<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2794974.00   | 0.28%             | 2025-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31389DS81<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7585 | PA      | $7962.22      | 0.00%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                    | EPR Properties                                                                  | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |    600000 | PA      | $543053.60    | 0.05%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415VQA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    355137 | PA      | $372860.04    | 0.04%             | 2038-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241KGU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      1822 | PA      | $1853.43      | 0.00%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128KLUV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     80943 | PA      | $84017.03     | 0.01%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138XXN51<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     70918 | PA      | $72369.84     | 0.01%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132AECJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112171 | PA      | $112020.22    | 0.01%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK TCP CAP CORP                            | BlackRock TCP Capital Corp                                                      | CUSIP: 09259EAB4<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5266523.48   | 0.53%             | 2026-02-09      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410XYJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       360 | PA      | $370.44       | 0.00%             | 2036-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31413BPY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     17738 | PA      | $18781.14     | 0.00%             | 2037-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36241KXW3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     44957 | PA      | $45764.72     | 0.00%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                    | Home Partners of America 2022-1 Trust                                           | CUSIP: 43730NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3248752 | PA      | $3111465.44   | 0.31%             | 2039-04-17      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402DJS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4203 | PA      | $4397.16      | 0.00%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YY84<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3668 | PA      | $3734.24      | 0.00%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418NYK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     22787 | PA      | $23060.02     | 0.00%             | 2025-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YR90<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5040 | PA      | $5131.04      | 0.00%             | 2030-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M75R3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    142735 | PA      | $150205.39    | 0.02%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3622AADC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6869910 | PA      | $6969341.86   | 0.70%             | 2048-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408BU55<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    115576 | PA      | $119990.22    | 0.01%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust                      | Saxon Asset Securities Trust 2006-3                                             | CUSIP: 80556AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1685636 | PA      | $1643749.52   | 0.17%             | 2046-10-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                    | JP Morgan Mortgage Acquisition Trust 2007-HE1                                   | CUSIP: 46630KAC0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | ABS-O            | CORP              | US        |    662150 | PA      | $446212.08    | 0.05%             | 2035-05-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419AGW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     28435 | PA      | $28927.01     | 0.00%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31385XTY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1270 | PA      | $1326.82      | 0.00%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31409WVE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     33236 | PA      | $34640.64     | 0.00%             | 2036-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XFXQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10077292 | PA      | $9890953.21   | 1.00%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X8QJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12887550 | PA      | $11921955.13  | 1.20%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415TJ50<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     40219 | PA      | $42117.67     | 0.00%             | 2038-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416MYM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44199 | PA      | $43936.29     | 0.00%             | 2024-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AHFF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1420 | PA      | $1432.58      | 0.00%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417L3H6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8307 | PA      | $8411.30      | 0.00%             | 2024-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31401H4J8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       919 | PA      | $936.22       | 0.00%             | 2033-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405QNW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3474 | PA      | $3511.65      | 0.00%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4665000.24   | 0.47%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                 | Golub Capital BDC Inc                                                           | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5089623.31   | 0.51%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31400EKU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     22217 | PA      | $23196.39     | 0.00%             | 2033-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36225CAY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      1702 | PA      | $1673.53      | 0.00%             | 2026-12-20      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418C5W0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    151168 | PA      | $151062.12    | 0.02%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                   | Fannie Mae Interest Strip                                                       | CUSIP: 3136FG3N5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5768286 | PA      | $1288284.36   | 0.13%             | 2041-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GEK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1347 | PA      | $1414.10      | 0.00%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410G6K4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    569478 | PA      | $598125.63    | 0.06%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31404JQ99<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1538 | PA      | $1568.99      | 0.00%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                           | Jersey Central Power & Light Co                                                 | CUSIP: 476556DB8<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1587214.70   | 0.16%             | 2024-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410FV44<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5297 | PA      | $5598.01      | 0.00%             | 2037-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403RRY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      5422 | PA      | $5654.67      | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                          | Blackstone Holdings Finance Co LLC                                              | CUSIP: 09261BAH3<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4073627.94   | 0.41%             | 2052-01-30      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38380KPT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    805742 | PA      | $156337.45    | 0.02%             | 2039-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                           | GA Global Funding Trust                                                         | CUSIP: 36143L2D6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3404967.08   | 0.34%             | 2028-09-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                  | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAD5<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   4344172 | PA      | $3916377.07   | 0.40%             | 2051-12-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419A2Z9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     12233 | PA      | $12389.49     | 0.00%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                           | CRH America Finance Inc                                                         | CUSIP: 12636YAC6<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3087789.44   | 0.31%             | 2028-04-04      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417WHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6654 | PA      | $6762.30      | 0.00%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31385XAS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1152 | PA      | $1206.52      | 0.00%             | 2033-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae I Pool                                                               | CUSIP: 3617LC4N5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    603681 | PA      | $555535.59    | 0.06%             | 2049-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6PE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19380 | PA      | $20297.84     | 0.00%             | 2035-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6KC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3531 | PA      | $3701.48      | 0.00%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT REALTY LP                                  | Spirit Realty LP                                                                | CUSIP: 84861TAF5<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              |  | US        |   4700000 | PA      | $4072892.25   | 0.41%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                     | RFMSI Series 2007-SA1 Trust                                                     | CUSIP: 74958WAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142099 | PA      | $98909.62     | 0.01%             | 2037-02-25      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $3991254.38   | 0.40%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412XFF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     15393 | PA      | $16308.88     | 0.00%             | 2037-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                               | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |   4000000 | PA      | $3093109.24   | 0.31%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408DFG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     42304 | PA      | $43051.65     | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6MZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     14764 | PA      | $15512.17     | 0.00%             | 2038-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36295TU69<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      7915 | PA      | $8106.92      | 0.00%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YEQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     26711 | PA      | $26745.12     | 0.00%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KWG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      6007 | PA      | $5845.87      | 0.00%             | 2025-11-20      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36225CC95<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     13356 | PA      | $13154.86     | 0.00%             | 2027-07-20      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415TSZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8598 | PA      | $9063.33      | 0.00%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415QAU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    372526 | PA      | $389240.72    | 0.04%             | 2038-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2619000 | PA      | $1588740.63   | 0.16%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38379THY8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    615236 | PA      | $109107.31    | 0.01%             | 2045-12-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403MJR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10299 | PA      | $10476.78     | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31401LDU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6859 | PA      | $6991.24      | 0.00%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                | Alternative Loan Trust Resecuritization 2008-1R                                 | CUSIP: 02152LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2862399 | PA      | $1521252.04   | 0.15%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36295NJS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      3734 | PA      | $3818.02      | 0.00%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403BMY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9318 | PA      | $9528.40      | 0.00%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410G4B6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     14102 | PA      | $14824.29     | 0.00%             | 2038-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419LK69<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     49758 | PA      | $50256.86     | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                          | Agree LP                                                                        | CUSIP: 008513AA1<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |   1400000 | PA      | $1193586.14   | 0.12%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                   | Domino's Pizza Master Issuer LLC                                                | CUSIP: 25755TAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326375 | PA      | $1159934.17   | 0.12%             | 2051-04-25      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                 | Kinder Morgan Inc                                                               | CUSIP: 49456BAJ0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1090236.82   | 0.11%             | 2046-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412QEP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       602 | PA      | $609.20       | 0.00%             | 2024-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae II Pool                                                              | CUSIP: 36202KFV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |       884 | PA      | $877.61       | 0.00%             | 2023-09-20      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36297HN87<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      2084 | PA      | $2126.29      | 0.00%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                              | CUSIP: 3137FUKP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1445174 | PA      | $1404414.55   | 0.14%             | 2040-08-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ANLY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     78663 | PA      | $80093.09     | 0.01%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416KTJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     12453 | PA      | $12484.19     | 0.00%             | 2039-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A7T24<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     22719 | PA      | $22581.88     | 0.00%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1240910.31   | 0.13%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128L1WP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    322122 | PA      | $337226.64    | 0.03%             | 2037-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402DP79<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    105267 | PA      | $110126.87    | 0.01%             | 2034-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418MWY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19418 | PA      | $19405.10     | 0.00%             | 2025-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                               | American Tower Corp                                                             | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1118000 | PA      | $1062722.28   | 0.11%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410F2H7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     41017 | PA      | $43046.41     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OAKTREE SPECIALTY LEND                            | Oaktree Specialty Lending Corp                                                  | CUSIP: 67401PAC2<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2667204.96   | 0.27%             | 2027-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO IV LLC                            | Ares Finance Co IV LLC                                                          | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3022798.05   | 0.31%             | 2052-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GNL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     20916 | PA      | $21959.93     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                               | CommonSpirit Health                                                             | CUSIP: 20268JAC7<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1110476.43   | 0.11%             | 2049-10-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M5BS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     74509 | PA      | $78709.89     | 0.01%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296DP28<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |    420407 | PA      | $436270.70    | 0.04%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJ3B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    128760 | PA      | $126585.84    | 0.01%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31371LKY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8864 | PA      | $9270.59      | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128M6NT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    211830 | PA      | $222935.92    | 0.02%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36295KKX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     18494 | PA      | $19083.20     | 0.00%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418UC69<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     48462 | PA      | $49050.17     | 0.00%             | 2025-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410CUU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1126 | PA      | $1158.27      | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                               | CUSIP: 31397UVB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2395185 | PA      | $416513.98    | 0.04%             | 2041-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORTUNE BRANDS INNOVATIO                          | Fortune Brands Innovations Inc                                                  | CUSIP: 34964CAE6<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4176409.43   | 0.42%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415LRU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      6143 | PA      | $6427.63      | 0.00%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION                     | United States Small Business Administration                                     | CUSIP: 83162CNF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-O            | USGA              | US        |      4474 | PA      | $4448.03      | 0.00%             | 2023-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31409TU22<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      4869 | PA      | $5146.18      | 0.00%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412PPU9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2905 | PA      | $2952.63      | 0.00%             | 2039-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC                     | Deutsche Alt-A Securities Mortgage Loan Trust Series 2007-AR2                   | CUSIP: 25151UAA5<br>LEI: 5299003GGM6YEXXXJ012 | Long             | ABS-MBS          | CORP              | US        |   2684857 | PA      | $2514246.07   | 0.25%             | 2037-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                          | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 637432MT9<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1173479.92   | 0.12%             | 2043-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31419ADH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     24720 | PA      | $26127.50     | 0.00%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2018-1 Trust                                                                | CUSIP: 67112FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2335833 | PA      | $2242294.47   | 0.23%             | 2057-06-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132DNGH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5802207 | PA      | $5147525.84   | 0.52%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418MWK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     98434 | PA      | $103264.04    | 0.01%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138A2CD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24081 | PA      | $23824.43     | 0.00%             | 2025-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417Y4Y0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7101 | PA      | $7193.04      | 0.00%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31416WMP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     37047 | PA      | $37516.76     | 0.00%             | 2025-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31402QWA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3380 | PA      | $3538.54      | 0.00%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405QUG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3471 | PA      | $3532.06      | 0.00%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410QGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       396 | PA      | $418.86       | 0.00%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2017-1AA PTT                           | Air Canada 2017-1 Class AA Pass Through Trust                                   | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3232320 | PA      | $2836744.46   | 0.29%             | 2030-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410KKV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1936 | PA      | $2035.73      | 0.00%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                            | Pacific Gas and Electric Co                                                     | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2746948.59   | 0.28%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296QMF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |      4961 | PA      | $5131.01      | 0.00%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X4YR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1147406 | PA      | $1127838.85   | 0.11%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YSY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     26652 | PA      | $26554.83     | 0.00%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36176FDK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     18292 | PA      | $18627.42     | 0.00%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38380BQT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    366064 | PA      | $53750.12     | 0.01%             | 2038-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31418ND31<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       291 | PA      | $294.93       | 0.00%             | 2025-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140X87K7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12794104 | PA      | $11843114.81  | 1.20%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ASU26<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1276 | PA      | $1280.88      | 0.00%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                          | Vantage Data Centers Issuer LLC                                                 | CUSIP: 92212KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110708 | PA      | $1064691.65   | 0.11%             | 2044-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                       | Equinix Inc                                                                     | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   5000000 | PA      | $4519279.20   | 0.46%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31368HMT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     21586 | PA      | $22726.06     | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31368HNQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    523743 | PA      | $550658.21    | 0.06%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828YL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5466692 | PA      | $5291782.64   | 0.53%             | 2024-10-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31405NDA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8806 | PA      | $8960.81      | 0.00%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31414LZV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      9261 | PA      | $9448.75      | 0.00%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THROUGH                     | Freddie Mac Structured Pass-Through Certificates                                | CUSIP: 31395M2F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | CORP              | US        |     46043 | PA      | $46088.31     | 0.00%             | 2045-02-25      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                | VICI Properties LP                                                              | CUSIP: 925650AA1<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   3104000 | PA      | $3038676.29   | 0.31%             | 2025-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                | CUSIP: 3132DMJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8005438 | PA      | $7324492.83   | 0.74%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                    | BCAP LLC 2011-RR5-I Trust                                                       | CUSIP: 05534AAN1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-MBS          | CORP              | US        |    170860 | PA      | $166678.42    | 0.02%             | 2037-03-26      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410UKB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     88676 | PA      | $91766.06     | 0.01%             | 2037-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410VGA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     47657 | PA      | $49106.38     | 0.00%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410XPK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       871 | PA      | $895.89       | 0.00%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note                    | Merrill Lynch Alternative Note Asset Trust Series 2007-F1                       | CUSIP: 59023YAG9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |    423109 | PA      | $171346.79    | 0.02%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                             | Tricon American Homes 2020-SFR1                                                 | CUSIP: 89613GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320262 | PA      | $2082739.42   | 0.21%             | 2038-07-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                        | SERVPRO Master Issuer LLC                                                       | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3438750 | PA      | $2831765.23   | 0.29%             | 2051-04-25      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138APTB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    409110 | PA      | $407620.45    | 0.04%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                        | CUSIP: 38376YT92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4701992 | PA      | $246270.10    | 0.02%             | 2037-07-20      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GZC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     77432 | PA      | $80689.53     | 0.01%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QEPY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4638240 | PA      | $4258547.70   | 0.43%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410XA71<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2998 | PA      | $3097.13      | 0.00%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate M                    | Bear Stearns ARM Trust 2000-2                                                   | CUSIP: 07384MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10318 | PA      | $9672.49      | 0.00%             | 2030-11-25      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                          | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AT6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |   2100000 | PA      | $1843440.17   | 0.19%             | 2029-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417BWC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3724 | PA      | $3765.93      | 0.00%             | 2042-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31412MTG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     82188 | PA      | $86614.15     | 0.01%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31403V4X4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       421 | PA      | $438.39       | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415XH79<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     18259 | PA      | $18581.95     | 0.00%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138AJUJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      8357 | PA      | $8464.63      | 0.00%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417VRQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19834 | PA      | $20071.30     | 0.00%             | 2025-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 AA PTT                          | United Airlines 2019-2 Class AA Pass Through Trust                              | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1149882 | PA      | $961814.31    | 0.10%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                           | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3913092 | PA      | $3453728.52   | 0.35%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4084568.81   | 0.41%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | United States Treasury Note/Bond                                                | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7730000 | PA      | $6255864.88   | 0.63%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GUT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1658 | PA      | $1741.17      | 0.00%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 36296JJ71<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |     68693 | PA      | $70883.50     | 0.01%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EKSM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    190828 | PA      | $200633.28    | 0.02%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31408AEN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      2780 | PA      | $2921.95      | 0.00%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31415RFA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |       407 | PA      | $427.00       | 0.00%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138ATS68<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      3975 | PA      | $3950.73      | 0.00%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31417YXB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      1044 | PA      | $1056.99      | 0.00%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 3138EGSJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    370385 | PA      | $389417.44    | 0.04%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate M                    | Bear Stearns ARM Trust 2004-1                                                   | CUSIP: 07384MG97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152237 | PA      | $140906.98    | 0.01%             | 2034-04-25      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                 | CUSIP: 31410GRN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     19378 | PA      | $20345.31     | 0.00%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certi                    | Countrywide Asset-Backed Certificates                                           | CUSIP: 126670UW6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288994 | PA      | $286315.79    | 0.03%             | 2036-06-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae I Pool                                                               | CUSIP: 3620C06E3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGA              | US        |    355537 | PA      | $367286.71    | 0.04%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati                    | Residential Asset Securitization Trust 2007-A8                                  | CUSIP: 761128AD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17457017 | PA      | $4919974.00   | 0.50%             | 2037-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KKR GROUP FIN CO X LLC                            | KKR Group Finance Co X LLC                                                      | CUSIP: 48255BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2034817.11   | 0.21%             | 2051-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** HARBOR FUNDS

**Signature:** Gregg Boland

**Name of Signer:** Gregg Boland

**Title:** Vice President, Harbor Funds