News & Commentary

Change in Co-Portfolio Managers for Harbor Global Growth Fund
September 30, 2011

Chicago, Illinois – Harbor Funds today announced a change affecting one of the portfolio managers for the Harbor Global Growth Fund.

Corydon Gilchrist, one of the three co-portfolio managers for the Harbor Global Growth Fund, has elected to leave Marsico Capital Management, LLC to pursue personal and charitable interests.  Thomas Marsico and James Gendelman of Marsico Capital will continue to serve as co-portfolio managers to the Fund effective October 1, 2011.  Mr. Marsico is the founder, Chief Executive Officer, and Chief Investment Officer of Marsico Capital.  Mr. Gendelman is one of Marsico Capital's most senior investment professionals, having joined the firm in 2000.

The departure of Mr. Gilchrist as one of three co-portfolio managers is not expected to significantly affect the day-to-day management of the Fund or the investment philosophy and process used by Marsico Capital in managing the Fund.  The Fund will remain committed to seeking long-term growth for investors by investing in securities of companies of all sizes around the world that offer growth potential.  There will be no change in the Fund's investment policies or guidelines as a result of Mr. Gilchrist's departure.

There is no guarantee that the Fund's investment goal will be achieved.  Equity securities, such as common stocks, are affected by company specific events and by movements in the overall stock markets in which those securities principally trade.  An adverse company specific event, or downturn in those stock markets, can depress the value of a particular company's equity securities.  Because the Fund may invest significantly in securities of foreign and emerging market issuers, there is a greater risk that the Fund's share price will fluctuate more than if it invested only in domestic or developed-market securities.  Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations.  These risks are more severe for securities of issues in emerging market regions.  Other risks also apply; these are discussed in the Fund's prospectus.  The Fund charges a redemption fee of 2.00% on redemptions of shares that are held for less than 60 days.

The Harbor Funds lineup of actively managed no-load mutual funds had combined net assets of approximately $57.4 billion as of August 31, 2011. Each Harbor fund is managed by an institutional investment firm chosen by Harbor Capital Advisors, Inc. because of its experience in a specific asset class.