Harbor Bond Fund Administrative Class (HRBDX)

Fund Facts
Price (NAV) (12/19/2014) $12.06
Daily $ Change $0.04 
Daily % Change 0.33% 
YTD Return (12/19/2014) 4.51%
Current 30-Day Subsidized SEC Yield (12/19/2014) 2.17%
Current 30-Day Unsubsidized SEC Yield (12/19/2014) 2.14%
Effective 30-Day Subsidized SEC Yield (12/19/2014) 2.19%
Effective 30-Day Unsubsidized SEC Yield (12/19/2014) 2.16%
Average Annual Total Returns Since Inception (As of 11/30/2014) 5.49%
Inception Date 11/01/2002
Net Expense Ratio 0.78%
Gross Expense Ratio 0.81%
Portfolio Manager
Pacific Investment Management Company LLC (PIMCO)
Scott A. Mather
Mark R. Kiesel
Mihir P. Worah
Total Net Assets (11/30/2014) $100.425 million
Overall Morningstar Rating
(911 Intermediate-Term Bond funds)
Ticker HRBDX
Fund Number 2214
CUSIP 411511686
WSJ Symbol Bond Ret
Investment Style
Overview
The Harbor Bond Fund is subadvised by Pacific Investment Management Company LLC (PIMCO). The Fund invests primarily in corporate and government-issued fixed income securities located in the U.S. and foreign countries, including emerging markets. The portfolio manager relies on proprietary research and analysis to select securities using a top-down strategy that takes into account:
  • Long-term social, political and demographics trends
  • Cyclical business and economic conditions
  • Current market conditions

The portfolio manager selects securities that appear the most undervalued relative to their risk and potential return characteristics. The Fund generally invests at least 80% of its net assets in a diversified portfolio of fixed income securities, and may invest up to 15% of total assets in below investment-grade domestic and foreign securities.

Performance Summary Performance Details >

As of Quarter Ended 09/30/2014
YTD1 Year5 Year10 YearSince Inception
2.99%3.05%4.37%5.26%5.40%

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 Barclays U.S. Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Bond Fund received a 4-star Overall Morningstar Rating™ as of 11/30/2014 out of 911 Intermediate-Term Bond funds. Bond Fund was rated 4-star among 911, 3-star among 798, and 4-star among 579 domestic Intermediate-Term Bond funds for the three-, five- and ten-year periods ended 11/30/2014, respectively. The Morningstar Rating is for the Administrative 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.

© 2014 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.


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 management fee waiver until February 28, 2015

The Adviser has contractually agreed to reduce the management fee to 0.455% on assets greater than $1 billion through February 28, 2015.  Only the Board of Trustees may modify or terminate this agreement.

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.