News & Commentary

UPDATE: Reorganization of Harbor Target Retirement 2010 Fund into Harbor Target Retirement Income Fund
October 30, 2014

As was previously announced on May 28, 2014, the Board of Trustees of Harbor Funds (the "Board") approved the reorganization of the Harbor Target Retirement 2010 Fund (the "2010 Fund") into Harbor Target Retirement Income Fund (the "Income Fund"). The reorganization was completed when the 2010 Fund liquidated on Wednesday, October 29, 2014.

The 2010 Fund had changed its asset allocation over time in accordance with its glide path and its allocation at the time of reorganization was substantially similar to that of the Income Fund. As described in the Harbor Target Retirement Funds' prospectus, when a year-specific Target Retirement Fund's asset allocation is similar to that of the Income Fund, the Board may approve combining that Target Retirement Fund with the Income Fund if the Board determines the combination to be in the best interests of the Target Retirement Funds' shareholders.

If you have any questions, please contact one of our Shareholder Services Representatives at 800-422-1050, Monday through Friday, from 8:00 a.m. to 6:00 p.m., Eastern time.