When selecting investments, the portfolio manager uses an approach that combines top-down macro-economic analysis and bottom-up stock selection. The analysis takes into consideration:
Once certain sectors and industries have been identified, the portfolio manager looks for companies or securities within those areas that have earnings growth potential. Some of the factors considered for suitable investment include market expertise or dominance, franchise durability, solid business fundamentals, strong and ethical management and a commitment to shareholder interests.
As of Quarter Ended 06/30/2014
YTD 1 Year 5 Year 10 Year Since Inception 2.84% 25.93% 19.36% N/A 24.32%
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 MSCI AC (All Country) World (ND) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. This unmanaged index does not reflect fees and expenses and is not available for direct investment.
The Harbor Global Growth Fund received a 5-star Overall Morningstar Rating™ as of 08/31/2014 out of 827 World Stock funds. Global Growth Fund was rated 5-star among 827 and 5-star among 678 domestic World Stock funds for the three- and five-year periods ended 08/31/2014, 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.
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