Harbor Short Duration Fund Institutional Class (HASDX)

Institutional Class | Administrative Class
Fund Facts
Price (NAV) (09/07/2010) $8.03
Daily $ Change $0.01 
Daily % Change 0.12% 
YTD Return (09/07/2010) 5.23%
Current 30-Day SEC Yield 0.32%
Effective 30-Day SEC Yield 0.32%
Average Annual Total Returns Since Inception (As of 08/31/2010) 4.27%
Inception Date 1/1/1992
Net Expense Ratio 0.40%
Gross Expense Ratio 0.49%
Portfolio Manager
Fischer Francis Trees & Watts Inc.
Ken O'Donnell, CFA
Total Net Assets (08/31/2010) $39.767 million
Overall Morningstar Rating
(385 Short-Term Bond funds)
Ticker HASDX
Fund Number 2016
CUSIP 411511702
WSJ Symbol ShtDur
Investment Style
Overview

Please note: Harbor Short Duration Fund is closed to new investors and will be liquidated on Friday, October 29, 2010. For more information, please click here.

The Harbor Short Duration Fund is subadvised by Fischer Francis Trees & Watts . The Fund 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. The portfolio may include:

  • Bonds
  • Mortgage-related securities
  • Asset-backed securities
  • Other types of financial instruments

The Fund also uses derivative securities and contracts such as options and futures to take investment positions that more precisely reflect the portfolio manager's expectation of how the security may perform. The average weighted portfolio duration is usually within one year of the Merrill Lynch 1-3 Year Treasury Index and no more than three years.

Get a prospectus >> |Read fund manager commentary: PDF|HTML

Performance Summary Performance Details >

As of Quarter-Ended 06/30/2010
YTD1 Year5 Year10 YearSince Inception
4.67%7.62%3.20%3.43%4.28%

Growth of a Hypothetical $10,000 Investment

Potential Risk & Return - Fixed Income Funds

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the 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 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.

The BofA Merrill Lynch 1-3 Year US Treasury Index is an unmanaged index consisting of all public U.S. Treasury obligations having maturities from 1 to 2.99 years and reflects total return. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Short Duration Fund received a 2-star Overall Morningstar Rating™ as of 07/31/2010 out of 385 Short-Term Bond funds. Short Duration Fund was rated 2-star among 385, 2-star among 325, and 2-star among 180 domestic Short-Term Bond funds for the three-, five- and ten-year periods ended 07/31/2010, 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.

© 2010 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.

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Voluntary. Waivers may be discontinued at any time without notice, although the adviser has no present intention to do so.

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.

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 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.

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.