News & Commentary

Fund Manager Commentary
Harbor Capital Appreciation Fund
  • Sig Segalas - 4th Quarter, 2013
  • Solid Q4 performance caps strong year for Capital Appreciation Fund
  • Harbor Capital Appreciation Fund capped a strong performance in 2013 with a return of 11.94% in the fourth quarter.
Harbor Mid Cap Growth Fund
  • Michael Carmen - 4th Quarter, 2013
  • Mid Cap Growth Fund up over 30% for 2013
  • U.S. equities continued their strong 2013 performance with a solid advance in the fourth quarter.
Harbor Small Cap Growth Fund
  • Will Muggia - 4th Quarter, 2013
  • Harbor Small Cap Growth returns over 40% in 2013
  • Small cap growth stocks registered a solid gain in the fourth quarter of 2013 and finished the year with a return of more than 40%.
Harbor Large Cap Value Fund
  • Jim Henderson - 4th Quarter, 2013
  • Lifted by Q4 advance, large cap value stocks return over 30% for 2013
  • With large-cap stocks setting the pace, U.S. equities finished 2013 with a solid fourth-quarter advance.
Harbor Mid Cap Value Fund
  • Bhaskaran Swaminathan, Director of Research - 4th Quarter, 2013
  • Mid Cap Value Fund registers 12-month return of more than 40%
  • Harbor Mid Cap Value Fund closed out 2013 with a solid advance, outperforming its benchmark for both the fourth quarter and calendar year.
Harbor Small Cap Value Fund
  • Paul Viera - 4th Quarter, 2013
  • Small Cap Value Fund records 12-month return of over 35%
  • U.S. equities closed out a strong 2013 performance with a solid advance in the fourth quarter.
Harbor International Fund
  • Howard Appleby - 4th Quarter, 2013
  • International shares post solid gains in Q4, with all sectors advancing
  • International equities turned in a solid performance in the fourth quarter of 2013, with the MSCI EAFE (ND) Index of stocks in developed overseas markets recording a return of 5.71%.
Harbor International Growth Fund
  • Gerard Callahan - 4th Quarter, 2013
  • Foreign stocks up in Q4 with all sectors advancing
  • International equities advanced in the fourth quarter of 2013 and posted a double-digit percentage gain for the calendar year.
Harbor Global Growth Fund
  • Marsico - 4th Quarter, 2013
  • Global Growth Fund posts solid Q4, returns 41% for 2013
  • Harbor Global Growth Fund concluded a strong year with a double-digit percentage gain in the fourth quarter of 2013.
Harbor Emerging Markets Equity Fund
  • Tim Jensen - 4th Quarter, 2013
  • Weak results last year could make emerging markets equities more attractive in 2014
  • Following a year of weak performance, stocks of companies operating in developing markets appear to be trading at attractive valuation levels, in the view of Tim Jensen, Portfolio Manager of Harbor Emerging Markets Equity Fund.
Harbor Commodity Real Return Strategy Fund
  • PIMCO Investment Strategy Group - 4th Quarter, 2013
  • Commodities conclude 2013 with Q4 decline
  • Commodity prices slid lower in the fourth quarter of 2013 and posted a negative return for the full year.
Harbor Unconstrained Bond Fund
  • PIMCO Investment Strategy Group - 4th Quarter, 2013
  • Despite Q4 decline, Unconstrained Bond Fund manages flat return for 2013
  • Investment-grade bonds, as measured by the Barclays U.S. Aggregate Bond Index, posted a slight decline in the fourth quarter of 2013 as well as a negative return for the full year.
Harbor Convertible Securities Fund
  • Raymond Condon - 4th Quarter, 2013
  • Convertible market concludes 2013 with solid gain
  • Convertible bonds posted a solid return for the fourth quarter, continuing their strong performance in 2013.
Harbor Emerging Markets Debt Fund
  • John DiSpigno - 4th Quarter, 2013
  • EM debt markets end 2013 in negative territory
  • Bonds from emerging markets countries posted generally flat returns for the fourth quarter of 2013.
Harbor High-Yield Bond Fund
  • Eric Dobbin - 4th Quarter, 2013
  • High yield market advanced in 2013, outpacing investment-grade securities
  • High yield bonds turned in a solid performance in 2013, generating positive returns while other fixed income investments were losing ground.
Harbor Bond Fund
  • PIMCO Investment Strategy Group - 4th Quarter, 2013
  • Bond Fund logs positive return for Q4, outpaces index for quarter and full year
  • Harbor Bond Fund managed a positive return for the fourth quarter of 2013, outperforming its benchmark, the Barclays U.S. Aggregate Bond Index, which lost ground.
Harbor Real Return Fund
  • PIMCO Investment Strategy Group - 4th Quarter, 2013
  • Q4 decline caps negative year for inflation-linked bonds
  • Inflation-linked bonds lost ground in the fourth quarter of 2013 and posted a substantial decline for the calendar year.
Harbor Money Market Fund
  • Ken O'Donnell - 4th Quarter, 2013
  • Money market returns remain barely above zero in 2013
  • Short-term yields remained at near-zero levels throughout 2013, reflecting ongoing monetary stimulus efforts by the Federal Reserve.

Performance figures discussed reflect that of the institutional class shares.

The views expressed herein are those of the portfolio manager at the time of the interview and may not be reflective of their current opinions or future actions.  These views are not necessarily those of the fund company and should not be construed as such.

This information should not be considered as a recommendation to purchase or sell a particular security and the holdings or sectors mentioned may change at any time and may not represent current or future investments.