Year-by-Year Performance Institutional Class

Investor Class | Institutional Class | Administrative Class

As of Year-Ended 12/31


Domestic Equity2012201120102009200820072006200520042003

Capital Appreciation Fund Institutional Class

Inception: 12/29/1987 (HACAX)		15.69%0.61%11.61%41.88%-37.13%12.25%2.33%14.02%9.34%30.47%

Mid Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HAMGX)		21.83%-8.95%22.51%31.21%-42.72%23.17%12.80%19.75%8.66%45.02%

Small Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HASGX)		14.47%-7.66%31.69%40.08%-40.42%13.64%10.87%5.65%11.15%44.39%

Large Cap Value Fund Institutional Class

Inception: 12/29/1987 (HAVLX)		21.33%0.09%8.50%17.44%-33.33%6.13%16.11%5.39%14.77%27.87%

Mid Cap Value Fund Institutional Class

Inception: 03/01/2002 (HAMVX)		19.16%-3.76%20.60%39.98%-37.05%-6.52%15.91%10.15%15.45%22.16%

Small Cap Value Fund Institutional Class

Inception: 12/14/2001 (HASCX)		14.16%2.38%20.36%23.78%-32.89%-1.44%10.66%10.33%23.58%45.69%
International & Global2012201120102009200820072006200520042003

International Fund Institutional Class

Inception: 12/29/1987 (HAINX)		20.87%-11.13%11.98%38.57%-42.66%21.82%32.69%20.84%17.97%40.95%

International Growth Fund Institutional Class

Inception: 11/01/1993 (HAIGX)		17.02%-15.20%13.81%37.82%-49.28%20.53%24.11%19.99%10.66%27.48%

Global Value Fund Institutional Class

Inception: 08/07/2006 (HAGVX)		13.01%-14.17%10.92%38.76%-49.18%-10.84%N/AN/AN/AN/A

Global Growth Fund Institutional Class

Inception: 03/01/2009 (HGGAX)		20.84%-12.61%24.15%N/AN/AN/AN/AN/AN/AN/A
Strategic Markets2012201120102009200820072006200520042003

Commodity Real Return Strategy Fund Institutional Class

Inception: 09/02/2008 (HACMX)		5.19%-7.66%23.53%30.59%N/AN/AN/AN/AN/AN/A

Unconstrained Bond Fund Institutional Class

Inception: 04/01/2010 (HAUBX)		8.00%1.32%N/AN/AN/AN/AN/AN/AN/AN/A
Fixed Income2012201120102009200820072006200520042003

Convertible Securities Fund Institutional Class

Inception: 05/01/2011 (HACSX)		10.57%N/AN/AN/AN/AN/AN/AN/AN/AN/A

Emerging Markets Debt Fund Institutional Class

Inception: 05/01/2011 (HAEDX)		15.66%N/AN/AN/AN/AN/AN/AN/AN/AN/A

High-Yield Bond Fund Institutional Class

Inception: 12/01/2002 (HYFAX)		11.50%4.83%12.42%30.89%-13.72%2.76%9.10%2.82%9.67%19.70%

Bond Fund Institutional Class

Inception: 12/29/1987 (HABDX)		9.32%3.48%7.96%13.84%3.34%8.69%3.91%2.57%5.47%5.30%

Real Return Fund Institutional Class

Inception: 12/01/2005 (HARRX)		8.44%11.35%7.35%15.05%-4.13%11.39%-0.17%N/AN/AN/A

Money Market Fund Institutional Class

Inception: 12/29/1987 (HARXX)		0.10%0.09%0.18%0.20%2.47%5.09%4.83%2.91%1.10%0.81%
Target Retirement2012201120102009200820072006200520042003

Target Retirement Income Fund Institutional Class

Inception: 01/02/2009 (HARAX)		10.87%3.20%8.77%13.68%N/AN/AN/AN/AN/AN/A

Target Retirement 2010 Fund Institutional Class

Inception: 01/02/2009 (HARDX)		11.43%2.24%10.03%17.54%N/AN/AN/AN/AN/AN/A

Target Retirement 2015 Fund Institutional Class

Inception: 01/02/2009 (HARGX)		12.31%1.10%11.12%19.82%N/AN/AN/AN/AN/AN/A

Target Retirement 2020 Fund Institutional Class

Inception: 01/02/2009 (HARJX)		13.06%0.49%11.91%21.67%N/AN/AN/AN/AN/AN/A

Target Retirement 2025 Fund Institutional Class

Inception: 01/02/2009 (HARMX)		13.75%-1.09%13.05%24.09%N/AN/AN/AN/AN/AN/A

Target Retirement 2030 Fund Institutional Class

Inception: 01/02/2009 (HARPX)		14.78%-2.32%13.86%26.21%N/AN/AN/AN/AN/AN/A

Target Retirement 2035 Fund Institutional Class

Inception: 01/02/2009 (HARUX)		15.61%-3.27%14.27%27.27%N/AN/AN/AN/AN/AN/A

Target Retirement 2040 Fund Institutional Class

Inception: 01/02/2009 (HARYX)		16.55%-4.87%14.78%28.26%N/AN/AN/AN/AN/AN/A

Target Retirement 2045 Fund Institutional Class

Inception: 01/02/2009 (HACCX)		17.25%-6.04%15.03%28.75%N/AN/AN/AN/AN/AN/A

Target Retirement 2050 Fund Institutional Class

Inception: 01/02/2009 (HAFFX)		17.74%-6.50%15.04%28.67%N/AN/AN/AN/AN/AN/A

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.