The Harbor Small Cap Growth Fund is subadvised by Westfield Capital Management Company, L.P. The Fund invests primarily in equity securities – common and preferred stocks – of small cap companies. The 60-70 small cap companies selected meet strict fundamental criteria and are then subject to a qualitative review by the portfolio manager to ensure that they have:
The Fund stays fully invested in stocks and does not try to time the market, but instead works toward steady investment growth.
As of Quarter Ended 12/31/2014
YTD 1 Year 5 Year 10 Year Since Inception 8.28% 8.28% 16.89% 9.26% 8.86%
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 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.
The Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® Growth Index and Russell® are trademarks of Russell Investments.
The Harbor Small Cap Growth Fund received a 4-star Overall Morningstar Rating™ as of 02/28/2015 out of 656 Small Growth funds. Small Cap Growth Fund was rated 5-star among 656, 4-star among 571, and 4-star among 399 domestic Small Growth funds for the three-, five- and ten-year periods ended 02/28/2015, respectively. The Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.
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.
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