News & Commentary

Harbor Funds Announces Launch of Harbor Emerging Markets Equity Fund
November 01, 2013

Harbor Funds today announced the addition of Harbor Emerging Markets Equity Fund to its lineup of no-load mutual funds. The new fund, which commences operations today, is managed by Oaktree Capital Management, L.P.

The investment goal of the Harbor Emerging Markets Equity Fund is to seek long-term growth of capital. Under normal market conditions, the Fund invests primarily (at least 80% of its net assets) in equity securities, including common and preferred stocks, of emerging market companies. The Fund will be managed by Frank Carroll and Tim Jensen, each a Managing Director of Oaktree Capital Management, L.P. Messrs. Carroll and Jensen have co-managed an emerging markets equity strategy for Oaktree Capital Management since 2000.

"We are excited to partner with Oaktree Capital Management on our first dedicated emerging markets equity fund", said David G. Van Hooser, Chairman and Chief Executive Officer of Harbor Capital Advisors. "Oaktree Capital Management has substantial experience investing in emerging equity markets, making them well suited to subadvise this new fund."

There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. Because the Fund invests primarily in securities of emerging market issuers, an investment in the Fund is subject to special risks in addition to those of U.S. securities. The Fund's performance may be more volatile because it may invest in emerging market issuers that are smaller companies. Over time, a value oriented investing style may go in and out of favor, which may cause the Fund to underperform other equity funds that use different investing styles. Other risks also apply; these are discussed in the Fund's prospectus.

The Harbor Funds lineup of actively managed, no-load mutual funds had combined net assets of $83 billion as of September 30, 2013. Each Harbor fund is managed by an institutional investment firm selected by Harbor Capital Advisors, Inc. based on the firm's experience in a specific asset class.  Other fees and expenses apply to a continued investment in the Funds and are described in each Fund's current prospectus.