Education & FAQs

Escheatment
What is escheatment? Show
Each state has laws that require financial institutions to turn over abandoned property to the state. The process of turning over abandoned property to the states is called escheatment.
What is considered abandoned property? Show
Depending upon the state in which your account is registered, abandoned property may be defined as one or more of the following categories:
  • Inactivity Only – The account is considered abandoned if there is no contact on the account during the timeframe, or dormancy period, established by the state.
  • Returned Post Office (RPO) Only – The account is considered abandoned solely because the address on the account has been deemed undeliverable by the United States Postal Service.
  • Returned Post Office (RPO) and Inactivity – The account is considered abandoned because there has been no contact made on the account AND the address has been deemed undeliverable by the United States Postal Service.
  • Returned Post Office (RPO) or Inactivity – The account is considered abandoned because there has been no contact made on the account OR the address has been deemed undeliverable by the United States Postal Service.
Where is my account considered registered? Show
The state in which your account is registered is usually the state in which you live, unless you used another address when establishing the account.
Inactivity Regulation - What is Inactivity? Show
In 2013, states adopted inactivity, or "no contact," regulations. These regulations require account owners, including mutual fund shareholders, to make contact with their fund companies on a regular basis. What constitutes contact and how frequently the contact must occur varies depending upon the state in which the account is registered and the type of assets or type of account. Generally, property is considered abandoned after a period of 3 to 5 years of inactivity or "no contact." For a list of state specific dormancy periods and categories of abandoned property, click here.
When could my account be considered abandoned property requiring my investment in Harbor Funds to be turned over to the state in which the account is registered? Show
If you have questions about when your account may be considered to be abandoned property, please refer to the dormancy by state requirements list by clicking here or 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. For further information on your state's specific Abandoned Property and Escheatment Laws, please click here and then click on your registration state.
I live in a foreign country. Why did I receive a notice about escheatment? Show
Abandoned property accounts with foreign registrations are required to be turned over to the state where the mutual fund is incorporated. Harbor Funds is incorporated in the state of Delaware. If you have a foreign registration on your account, and you received an escheatment notice from Harbor Funds, it will be subject to escheatment under the requirements of Delaware.
What do the escheatment laws and regulations consider contact or activity with my Harbor Funds account? Show
Any of the following actions are considered contact or activity on your account:
  • Log in to your Harbor Funds account online at harborfunds.com.
  • 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.
  • Write to us at:
    Harbor Funds
    P.O. Box 804660
    Chicago, IL 60680-4108

If you only want to make contact for your account, you can simply write a letter requesting that Harbor make a note on your account that contact has been made.

If you want to update your address or perform other maintenance on your account, sign, date, and reference your account number on any of Harbor's account maintenance forms. This activity will be considered contact. If you are changing your address, please note that a request to redeem shares within 10 business days of the address change requires a letter of instruction with a Medallion Signature Guarantee.

I am enrolled in an automatic investment or redemption program. Is that considered contact? Show
Unfortunately, state regulations do not consider automatic investment or redemption plans to count as contact on your account. If this is your only investment activity, you will need to establish contact by one of the methods described above.
What if I do not contact Harbor Funds? Show
If you do not contact us within the time period specified in the state in which your account is registered, we may be required to escheat your account(s) and turn your financial assets over to the state of your account registration.

We will do everything we can to get in contact with you before sending your funds to the state including sending letters and contacting you by phone.

What is the easiest way to maintain contact on my Harbor Funds account(s)? Show
The easiest way to maintain contact with Harbor Funds is to access your account(s) online by logging in to your account(s) through Harbor Funds' website annually or by speaking to a Shareholder Services Representative by calling 800-422-1050 Monday through Friday, during the hours of 8:00 a.m. to 6:00 p.m., Eastern time. If you are calling after business hours, you can access your account using our automated voice response system.

To sign in to your account, click here.

How can I prevent my account from being escheated in the future? Show
You can prevent your account from being eligible for escheatment by maintaining an up-to-date address of record with Harbor Funds and by keeping your Harbor Funds account(s) active by initiating contact with us at least annually by:
  • Accessing your account through Harbor Funds' secure website.
  • Calling 800-422-1050 and going through the automated security verification process or speaking to a
    Shareholder Services Representative.
  • Sending correspondence to us about your account(s).
  • Conducting non-systematic trading in your account(s).
What happens if my Harbor Funds account is escheated to the state in which it is registered? Show
If your account is escheated, your account balance will be frozen as of the date of escheatment. You will then have to contact the state to which the account was escheated to establish your ownership of the funds and request that the funds be returned to you. If your account is escheated, please see your State Treasurer's website for information on recovering escheated financial assets or unclaimed property.
Where can I find more information about the abandoned property laws of my state? Show
Please see your State Treasurer's website for more information regarding state abandoned, or unclaimed, property laws.