Year-by-Year Performance Institutional Class

As of Year Ended 12/31


Domestic Equity2015201420132012201120102009200820072006

Capital Appreciation Fund Institutional Class

Inception: 12/29/1987 (HACAX)
10.99%9.93%37.66%15.69%0.61%11.61%41.88%-37.13%12.25%2.33%

Mid Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HAMGX)
1.04%6.59%36.01%21.83%-8.95%22.51%31.21%-42.72%23.17%12.80%

Small Cap Growth Fund Institutional Class

Inception: 11/01/2000 (HASGX)
-1.31%8.28%44.78%14.47%-7.66%31.69%40.08%-40.42%13.64%10.87%

Small Cap Growth Opportunities Fund Institutional Class

Inception: 02/01/2014 (HASOX)
-3.06%N/AN/AN/AN/AN/AN/AN/AN/AN/A

Large Cap Value Fund Institutional Class

Inception: 12/29/1987 (HAVLX)
2.74%10.69%30.10%21.33%0.09%8.50%17.44%-33.33%6.13%16.11%

Mid Cap Value Fund Institutional Class

Inception: 03/01/2002 (HAMVX)
-5.62%14.15%44.06%19.16%-3.76%20.60%39.98%-37.05%-6.52%15.91%

Small Cap Value Fund Institutional Class

Inception: 12/14/2001 (HASCX)
-3.66%7.88%35.60%14.16%2.38%20.36%23.78%-32.89%-1.44%10.66%
International & Global2015201420132012201120102009200820072006

International Fund Institutional Class

Inception: 12/29/1987 (HAINX)
-3.82%-6.81%16.84%20.87%-11.13%11.98%38.57%-42.66%21.82%32.69%

Diversified International All Cap Fund Institutional Class

Inception: 11/02/2015 (HAIDX)
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

International Small Cap Fund Institutional Class

Inception: 02/01/2016 (HAISX)
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

International Growth Fund Institutional Class

Inception: 11/01/1993 (HAIGX)
1.52%-4.47%14.22%17.02%-15.20%13.81%37.82%-49.28%20.53%24.11%

Global Growth Fund Institutional Class

Inception: 03/01/2009 (HGGAX)
2.52%3.57%41.36%20.84%-12.61%24.15%N/AN/AN/AN/A

Emerging Markets Equity Fund Institutional Class

Inception: 11/01/2013 (HAEMX)
-20.35%-5.96%N/AN/AN/AN/AN/AN/AN/AN/A
Strategic Markets2015201420132012201120102009200820072006

Commodity Real Return Strategy Fund Institutional Class

Inception: 09/02/2008 (HACMX)
-25.78%-18.63%-14.93%5.19%-7.66%23.53%30.59%N/AN/AN/A

Unconstrained Bond Fund Institutional Class

Inception: 04/01/2010 (HAUBX)
-2.23%2.88%0.00%8.00%1.32%N/AN/AN/AN/AN/A
Fixed Income2015201420132012201120102009200820072006

Convertible Securities Fund Institutional Class

Inception: 05/01/2011 (HACSX)
-0.05%2.55%12.22%10.57%N/AN/AN/AN/AN/AN/A

High-Yield Bond Fund Institutional Class

Inception: 12/01/2002 (HYFAX)
-3.36%2.11%5.51%11.50%4.83%12.42%30.89%-13.72%2.76%9.10%

Bond Fund Institutional Class

Inception: 12/29/1987 (HABDX)
0.23%4.78%-1.46%9.32%3.48%7.96%13.84%3.34%8.69%3.91%

Real Return Fund Institutional Class

Inception: 12/01/2005 (HARRX)
-2.42%2.61%-9.20%8.44%11.35%7.35%15.05%-4.13%11.39%-0.17%

Money Market Fund Institutional Class

Inception: 12/29/1987 (HARXX)
0.09%0.06%0.08%0.10%0.09%0.18%0.20%2.47%5.09%4.83%
Target Retirement2015201420132012201120102009200820072006

Target Retirement Income Fund Institutional Class

Inception: 01/02/2009 (HARAX)
-0.53%3.62%3.19%10.87%3.20%8.77%13.68%N/AN/AN/A

Target Retirement 2015 Fund Institutional Class

Inception: 01/02/2009 (HARGX)
-0.93%3.01%6.82%12.31%1.10%11.12%19.82%N/AN/AN/A

Target Retirement 2020 Fund Institutional Class

Inception: 01/02/2009 (HARJX)
-1.01%2.97%8.34%13.06%0.49%11.91%21.67%N/AN/AN/A

Target Retirement 2025 Fund Institutional Class

Inception: 01/02/2009 (HARMX)
-1.35%2.71%10.31%13.75%-1.09%13.05%24.09%N/AN/AN/A

Target Retirement 2030 Fund Institutional Class

Inception: 01/02/2009 (HARPX)
-1.48%2.40%13.29%14.78%-2.32%13.86%26.21%N/AN/AN/A

Target Retirement 2035 Fund Institutional Class

Inception: 01/02/2009 (HARUX)
-1.46%2.45%16.58%15.61%-3.27%14.27%27.27%N/AN/AN/A

Target Retirement 2040 Fund Institutional Class

Inception: 01/02/2009 (HARYX)
-1.10%2.72%19.81%16.55%-4.87%14.78%28.26%N/AN/AN/A

Target Retirement 2045 Fund Institutional Class

Inception: 01/02/2009 (HACCX)
-0.95%2.63%23.08%17.25%-6.04%15.03%28.75%N/AN/AN/A

Target Retirement 2050 Fund Institutional Class

Inception: 01/02/2009 (HAFFX)
-0.57%2.83%25.70%17.74%-6.50%15.04%28.67%N/AN/AN/A

Target Retirement 2055 Fund Institutional Class

Inception: 11/01/2014 (HATRX)
-0.39%N/AN/AN/AN/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 or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

You could lose money by investing in the Harbor Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund and you should not expect the sponsor to provide financial support to the Fund at any time. 

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.