Harbor Funds at a Glance Institutional Class

Investor Class | Institutional Class | Administrative Class

As of 06/17/2013

Domestic EquityPriceChangeYTD Return

Capital Appreciation Fund Institutional Class

Inception: 12/29/1987 (HACAX)		 $47.34 $0.23   11.34%

Mid Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HAMGX)		 $10.95 $0.11   17.11%

Small Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HASGX)		 $14.37 $0.16   21.27%

Large Cap Value Fund Institutional Class

Inception: 12/29/1987 (HAVLX)		 $10.04 $0.08   13.96%

Mid Cap Value Fund Institutional Class

Inception: 03/01/2002 (HAMVX)		 $15.75 $0.10   21.90%

Small Cap Value Fund Institutional Class

Inception: 12/14/2001 (HASCX)		 $26.15 $0.23   17.05%
Strategic MarketsPriceChangeYTD Return

Commodity Real Return Strategy Fund Institutional Class

Inception: 09/02/2008 (HACMX)		 $6.46 $0.00   -9.24%

Unconstrained Bond Fund Institutional Class

Inception: 04/01/2010 (HAUBX)		 $10.76 $-0.03   2.22%
Target RetirementPriceChangeYTD Return

Target Retirement Income Fund Institutional Class

Inception: 01/02/2009 (HARAX)		 $9.71 $0.00   0.93%

Target Retirement 2010 Fund Institutional Class

Inception: 01/02/2009 (HARDX)		 $10.83 $0.00   1.31%

Target Retirement 2015 Fund Institutional Class

Inception: 01/02/2009 (HARGX)		 $11.52 $0.02   2.58%

Target Retirement 2020 Fund Institutional Class

Inception: 01/02/2009 (HARJX)		 $10.40 $0.02   3.17%

Target Retirement 2025 Fund Institutional Class

Inception: 01/02/2009 (HARMX)		 $12.90 $0.04   4.12%

Target Retirement 2030 Fund Institutional Class

Inception: 01/02/2009 (HARPX)		 $9.73 $0.04   5.42%

Target Retirement 2035 Fund Institutional Class

Inception: 01/02/2009 (HARUX)		 $13.68 $0.07   6.87%

Target Retirement 2040 Fund Institutional Class

Inception: 01/02/2009 (HARYX)		 $9.34 $0.06   8.23%

Target Retirement 2045 Fund Institutional Class

Inception: 01/02/2009 (HACCX)		 $13.73 $0.09   9.58%

Target Retirement 2050 Fund Institutional Class

Inception: 01/02/2009 (HAFFX)		 $10.53 $0.09   10.73%
International & GlobalPriceChangeYTD Return

International Fund Institutional Class

Inception: 12/29/1987 (HAINX)		 $65.52 $0.73   5.47%

International Growth Fund Institutional Class

Inception: 11/01/1993 (HAIGX)		 $12.02 $0.14   3.98%

Global Value Fund Institutional Class

Inception: 08/07/2006 (HAGVX)		 $6.90 $0.07   13.30%

Global Growth Fund Institutional Class

Inception: 03/01/2009 (HGGAX)		 $20.87 $0.04   16.72%
Fixed IncomePriceChangeYTD Return

Convertible Securities Fund Institutional Class

Inception: 05/01/2011 (HACSX)		 $10.49 $0.02   5.07%

Emerging Markets Debt Fund Institutional Class

Inception: 05/01/2011 (HAEDX)		 $9.75 $-0.02   -4.94%

High-Yield Bond Fund Institutional Class

Inception: 12/01/2002 (HYFAX)		 $11.16 $0.02   1.55%

Bond Fund Institutional Class

Inception: 12/29/1987 (HABDX)		 $12.32 $-0.02   -0.78%

Real Return Fund Institutional Class

Inception: 12/01/2005 (HARRX)		 $10.54 $-0.04   -5.70%

Money Market Fund Institutional Class

Inception: 12/29/1987 (HARXX)		 $1.00 $0.00   0.04%
As of 06/17/2013

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the past performance data shown. Investment returns and the value of an investment will fluctuate, and an investor's shares, when sold, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end (available within seven business days after the most recent month-end) by calling 800-422-1050 or visiting www.harborfunds.com.

The current yield more closely reflects the current earnings of the Harbor Money Market Fund than the total return.

The Harbor Funds performance shown assumes the reinvestment of dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized.

From time to time, certain fees and/or expenses have been voluntarily waived, which has resulted in higher returns. Without these waivers, the returns would have been lower. Voluntary waivers may be applied or discontinued at any time without notice.

An investment in the Harbor Money Market Fund is not guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

The Harbor Target Retirement Income Fund is designed for investors currently in retirement, and its investments are expected to remain stable over time. The other Harbor Target Retirement Funds are designed for investors who plan to retire close to the year indicated in the Funds' names. These Funds' asset allocations will change over time and become more conservative as time elapses. The principal value of the Funds is not guaranteed at any time, including the target retirement date.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variations in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Contractual expense limitation until May 20, 2014.

Contractual expense limitation until February 28, 2014

Contractual management fee waiver until February 28, 2014

The advisor has contractually agreed to limit the Fund's operating expenses, excluding Interest Expense from Sale-Buyback Transactions, through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to reduce the management fee to 0.18% through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver have been restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to reduce the management fee to 0.75%through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver have been restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to reduce the management fee to 0.75%through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to reduce the management fee to 0.75%through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses through May 20, 2014. Only the Board of Trustees may modify or terminate this agreement.

Management Fees, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

The advisor has contractually agreed to limit the Fund's operating expenses, excluding Interest Expense from Sale-Buyback Transactions, through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

Management Fees, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

The Adviser has contractually agreed to reduce the management fee to 0.75%through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through May 20, 2014. Only the Board of Trustees may modify or terminate this agreement.

Represents the average daily dividends for the last seven days, assuming all dividends are reinvested, annualized by 365 days and divided by the net asset value per share at the end of the period. Does not reflect reimbursements or waivers currently in effect.

Contractual expense limitation (excluding interest expense from sale-buyback transactions) until February 28, 2014

The management fee rate is 0.75% on assets up to $12 billion and 0.65% on assets in excess of $12 billion. The Adviser has contractually agreed to reduce the management fee to 0.63% on assets between $24 billion and $36 billion, and to 0.58% on assets over $36 billion through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement. 

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Expense Reimbursement have been restated to reflect current fees.

Average annualized income dividend over the last seven days. Does not reflect reimbursements or waivers currently in effect.

Other Expenses, Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver have been restated to reflect current fees.

The Fund's shareholders indirectly bear the expenses of the Institutional Class of the underlying Harbor funds (the Acquired Fund) in which the Fund invests.  This figure includes transaction costs (i.e. purchase and redemption fees), if any, imposed on the Fund by the Acquired Funds. See the prospectus for further details.

Total annual fund operating expenses shown in this table will not correlate to the expense ratio shown in the Financial Highlights table found in the prospectus because that ratio does not include the Acquired Funds' fees and expenses.

The advisor has contractually agreed to limit the Fund's operating expenses, excluding Interest Expense from Sale-Buyback Transactions, through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to limit the Fund's operating expenses through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.

Contractual expense limitation until February 28, 2014.

Reflects indirect expenses of the underlying Harbor funds

Average annualized income dividend over the last 7 days. Reflects reimbursements or waivers of fees currently in effect.  See below to view the yield without the effect of these subsidies.

Contractual management fee waiver until February 28, 2014

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.

The Adviser has contractually agreed to reduce the management fee to 0.56% through February 28, 2014. Only the Board of Trustees may modify or terminate this agreement.

The current 30-day yield represents the average daily dividends for 30 days, annualized by 365 days and divided by the net asset value per share at the end of the period.

The Adviser has contractually agreed to reduce the management fee to 0.58% on assets between $5 billion and $10 billion and to 0.57% on assets over $10 billion through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement. 

The Adviser has contractually agreed to reduce the management fee to 0.455% on assets greater than $1 billion through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The Adviser has contractually agreed to reduce the management fee to 0.18% through February 28, 2014.  Only the Board of Trustees may modify or terminate this agreement.

The effective 30-day yield represents the average daily dividends for the 30 days, assuming all dividends are reinvested, annualized by 365 days and divided by the net asset value per share at the end of the period.

Represents the average daily dividends for the last seven days, assuming all dividends are reinvested, annualized by 365 days and divided by the net asset value per share at the end of the period. Reflects reimbursements or waivers of fees currently in effect.

Average annualized income dividend over the last seven days. Reflects reimbursements or waivers of fees currently in effect.

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.