Harbor Funds has eliminated redemption fees as of March 1, 2013 on the following funds: The following funds will assess a 1% redemption fee on shares held less than 90 days as of March 1, 2013: Harbor Funds has added an exception to its redemption fee policy to help correct an error made by a shareholder when investing. To qualify for the exception, the shareholder must notify Harbor Funds promptly after making the inadvertent investment and Harbor Funds must agree an error occurred. Harbor Funds are intended for long-term investors. Harbor Funds will continue to use other methods to help protect shareholders from the effects of excessive short-term trading. Harbor Funds retains the right to block future purchases and exchanges into a fund on a temporary or permanent basis if it discovers what it believes is excessive trading, including after even one round trip into and out of a fund. The Harbor Funds lineup of actively managed, no-load mutual funds had combined net assets of approximately $69.5 billion as of December 31, 2012. Each Harbor fund is managed by an institutional investment firm chosen by Harbor Capital Advisors, Inc. based on the firm's experience in a specific asset class. Investors should carefully consider the Funds' investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or a prospectus for this and other important information about each Fund, click here or call 1-800-422-1050. Read it carefully before investing.