Harbor Emerging Markets Debt Fund Institutional Class (HAEDX)

CEASED OPERATIONS, APRIL 29, 2015
Fund Facts
Price (NAV) (04/29/2015) $8.30
Daily $ Change $0.00 
Daily % Change 0.00% 
YTD Return (04/29/2015) -3.15%
Current 30-Day Subsidized SEC Yield (04/29/2015) -0.96%
Current 30-Day Unsubsidized SEC Yield (04/29/2015) -3.09%
Effective 30-Day Subsidized SEC Yield (04/29/2015) -0.96%
Effective 30-Day Unsubsidized SEC Yield (04/29/2015) -3.05%
Average Annual Total Returns Since Inception (As of 03/31/2015) -1.65%
Inception Date 05/01/2011
Net Expense Ratio 0.95%
Gross Expense Ratio 1.56%
Portfolio Manager
Stone Harbor Investment Partners LP
Peter J. Wilby, CFA
Pablo Cisilino
James E. Craige, CFA
Angus Halkett, PhD, CFA
David A. Oliver, CFA
William Perry
Total Net Assets (03/31/2015) $13.931 million
Overall Morningstar Rating
(220 Emerging Markets Bond funds)
Ticker HAEDX
Fund Number 2035
CUSIP 411512759
WSJ Symbol n/a
Overview
Harbor Emerging Markets Debt Fund ceased operations at 4:00 p.m. Eastern time on Wednesday, April 29, 2015, and the net proceeds were distributed to any remaining shareholders. The Fund was liquidated because it was not expected to grow to a sufficient size to become economically viable within a reasonable period of time. The Harbor Emerging Markets Debt Fund commenced operations in May of 2011.

Performance Summary Performance Details >

As of Quarter Ended 03/31/2015
YTD1 Year5 Year10 YearSince Inception
-3.15%-8.15%N/AN/A-1.65%

Growth of a Hypothetical $10,000 Investment

Source: Morningstar, Inc.

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 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 Harbor Emerging Markets Debt Fund uses a blended benchmark index consisting of 50% of the JP Morgan Emerging Markets Bond Index – Global Diversified Index (JPM EMBI-GD) and 50% of the JP Morgan Government Bond Index – EM Global Diversified Index (JPM GBI-EMGD). The JPM EMBI-GD tracks total returns for U.S. Dollar denominated debt instruments issued by emerging markets sovereign and quasi-sovereign entities. The JPM GBI-EMGD tracks total returns for local currency debt instruments issued by emerging markets sovereign and quasi-sovereign entities to which international investors can gain exposure. The Blended Benchmark therefore represents a 50% weighting to U.S. Dollar denominated emerging market debt securities and 50% weighting to local currency denominated emerging market debt securities, which is intended to reflect the Fund's target exposure.  This unmanaged index does not reflect fees and expenses and is not available for direct investment. Information obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission and may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2015, J.P. Morgan Chase & Co. All rights reserved.

The Harbor Emerging Markets Debt Fund received a 2-star Overall Morningstar Rating™ as of 03/31/2015 out of 220 Emerging Markets Bond funds. Emerging Markets Debt Fund was rated 2-star among 220 domestic Emerging Markets Bond funds for the three-year period ended 03/31/2015. The Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.


Restated to reflect current fees.

The Adviser has contractually agreed to limit the Fund's operating expenses, excluding interest expense (if any), through February 29, 2016. Only the Board of Trustees may modify or terminate this agreement.

Represents the average daily dividends for 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. Does not reflect reimbursements or fee waivers currently in effect.

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. Does not reflect reimbursements or fee waivers currently in effect.

Contractual expense limitation, excluding interest expense, if any, until February 29, 2016.

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.

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. Reflects reimbursements or fee waivers currently in effect.

Represents the average daily dividends for 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. Reflects reimbursements or fee waivers currently in effect.

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.