Harbor Unconstrained Bond Fund, subadvised by Pacific Investment Management Company LLC (PIMCO), invests primarily in a diversified portfolio of fixed income instruments. The Fund will utilize various investment strategies, and will not be constrained by management against an index.  It may therefore be more significantly volatile, presenting greater risk, and potentially, greater opportunities for reward over the long-term.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2050. The Fund's asset allocation will become more conservative over time.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2045. The Fund's asset allocation will become more conservative over time.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2040. The Fund's asset allocation will become more conservative over time.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2035. The Fund's asset allocation will become more conservative over time.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2030. The Fund's asset allocation will become more conservative over time.

Harbor Global Growth Fund, subadvised by Marisco Capital Management, LLC, invests in securities of U.S. and foreign companies that have long-term growth potential, including those economically tied to emerging markets.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2025. The Fund's asset allocation will become more conservative over time.

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2020. The Fund's asset allocation will become more conservative over time.

Harbor Commodity Real Return Strategy Fund, subadvised by PIMCO, invests in commodity-linked derivatives backed by a portfolio of inflation-indexed securities and other fixed income instruments. Rather than invest directly in physical commodities such as oil, metals or agricultural products, the Fund employs an enhanced index strategy by investing primarily in those instruments linked to the Dow Jones-UBS Commodity Index Total Return (the "Commodity Index").

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2015. The Fund's asset allocation will become more conservative over time.

Harbor Small Company Value Fund, subadvised by Evercore Asset Management, LLC, invests primarily in small cap companies that the portfolio manager believes are significantly undervalued relative to their earnings power or due to market over reactions to near term events. 

The Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2010. The Fund's asset allocation will become more conservative over time.

Harbor Global Value Fund, subadvised by Pzena Investment Management, LLC., invests primarily in companies located throughout the world, including the U.S., developed and emerging market countries that the portfolio manager believes are undervalued relative to their long-term earnings potential.

The Harbor Target Retirement Income Fund invests in other Harbor mutual funds according to an asset allocation strategy designed for investors who are currently retired. 

Harbor Real Return Fund, subadvised by Pacific Investment Management Company LLC (PIMCO), invests primarily in inflation-indexed bonds—fixed income securities that are structured to protect investors against inflation.

Harbor High-Yield Bond Fund, subadvised by Shenkman Capital Management Inc., invests primarily in below investment grade bonds of U.S. corporate issuers. The portfolio manager selects securities issued by companies that generally exhibit or are believed to have the potential for positive credit momentum and credit rating upgrade.

Harbor Mid Cap Value Fund, subadvised by LSV Asset Management, uses a quantitative model to identify undervalued mid cap companies.

Harbor Small Cap Value Fund, subadvised by EARNEST Partners LLC,  invests primarily in small cap companies with stocks trading at prices below what EARNEST Partners believes are their intrinsic values.

Habor Small Cap Growth Fund, subadvised by Westfield Capital Management Company, L.P., invests primarily in common and preferred stocks of small cap companies. Please note, this Fund is closed to new investors.

The Harbor Mid Cap Growth Fund, subadvised by Wellington Management Company, LLP, invests primarily in common and preferred stocks of mid cap companies.  The Fund may invest up to 25% of its assets in foreign companies.

Harbor International Growth Fund, subadvised by Marisco Capital Management, LLC.,  invests primarily in foreign companies of varying sizes that have strong long-term growth potential, including companies primarily operating or economically tied to emerging markets.

Please note: Harbor Short Duration Fund is closed to new investors and will be liquidated on Friday, October 29, 2010.

Harbor Short Duration Fund, subadvised by Fischer Francis Trees & Watts, invests primarily in high-grade, fixed income securities of corporate and governmental issuers in the U.S. and abroad. At least 60% of the Fund's net assets will be invested in U.S. securities and 80% will be U.S. dollar-denominated.

Harbor Money Market Fund, subadvised by Fischer Francis Trees & Watts, Inc., invests in dollar-denominated money market securities that appear to offer the best relative value based on an analysis of their credit quality and interest rate sensitivity.

Harbor Bond Fund, subadvised by Pacific Investment Management Company (PIMCO), invests primarily in corporate and government-issued fixed income securities located in the U.S. and foreign countries, including emerging markets. The portfolio manager selects securities that appear the most undervalued relative to their risk and potential return characteristics.

Harbor Large Cap Value Fund, subadvised by Cohen & Steers Capital Management, Inc., looks for undervalued large cap companies with sustainable cash flow and the ability to pay and grow dividends.  The Fund may invest up to 20% of its assets in foreign companies.

The Harbor Capital Appreciation Fund, subadvised by Jennison Associates, LLC, invests primarily in equity securities, specifically U.S. companies with market capitalizations of at least $1 billion at the time of purchase.

Harbor International Fund, subadvised by Northern Cross Investments Ltd. and Northern Cross, LLC, generally invests in foreign large cap companies with market caps in excess of $1 billion, including those located in countries with emerging markets.