Harbor Real Return Fund Administrative Class (HRRRX)

Institutional Class | Administrative Class
Fund Facts
Price (NAV) (02/03/2012) $10.90
Daily $ Change $-0.09 
Daily % Change -0.82% 
YTD Return (02/03/2012) 1.58%
Current 30-Day SEC Yield (02/03/2012) 0.39%
Effective 30-Day SEC Yield (02/03/2012) 0.39%
Average Annual Total Returns Since Inception (As of 01/31/2012) 6.68%
Inception Date 12/1/2005
Net Expense Ratio 0.85%
Gross Expense Ratio 0.89%
Portfolio Manager
Pacific Investment Management Company LLC (PIMCO)
Mihir Worah
Total Net Assets (01/31/2012) $4.210 million
Overall Morningstar Rating
(156 Inflation-Protected Bond funds)
Ticker HRRRX
Fund Number 2225
CUSIP 411511512
WSJ Symbol n/a
Investment Style
Overview

The Harbor Real Return Fund is subadvised by Pacific Investment Management Company LLC (PIMCO) . The Fund invests primarily in inflation-indexed bonds of varying maturities and issued by the U.S. government, non-U.S. governments, their agencies or instrumentalities, and corporations. Inflation-indexed bonds are fixed income securities that are structured to protect investors against inflation. "Real return" equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure.

The Fund may invest up to 30% of its assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers. The Fund may also invest up to 10% of its total assets in securities of issuers based in developing countries with emerging markets.

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Performance Summary Performance Details >

As of Quarter-Ended 12/31/2011
YTD1 Year5 Year10 YearSince Inception
11.06%11.06%7.71%N/A6.36%

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 Barclays Capital U.S. TIPS Index is an unmanaged market index comprised of all U.S. Treasury Inflation Protected Securities rated investment grade (Baa3 or better), have at least one year to final maturity, and at least $250 million par amount outstanding.# This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Harbor Real Return Fund received a 4-star Overall Morningstar Rating™ as of 12/31/2011 out of 156 Inflation-Protected Bond funds. Real Return Fund was rated 4-star among 156 and 4-star among 139 domestic Inflation-Protected Bond funds for the three- and five-year periods ended 12/31/2011, 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.

© 2012 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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Overview Strategy Performance Holdings Management Fees & Expenses Documents

Contractual expense limitation until 02/29/2012

The Adviser has contractually agreed to limit the Fund's operating expenses through February 29, 2012.  Only the Board of Trustees may modify or terminate this agreement.

Other Expenses and Total Annual Fund Operating Expenses have been restated to reflect current fees.

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.