Harbor Emerging Markets Equity Fund Administrative Class (HREMX)

Fund Facts
Price (NAV) (02/09/2016) $6.41
Daily $ Change -$0.09 
Daily % Change -1.38% 
YTD Return (02/09/2016) -12.67%
Average Annual Total Returns Since Inception (As of 01/31/2016) -15.88%
Inception Date 11/01/2013
Net Expense Ratio 1.40%
Gross Expense Ratio 2.60%
Portfolio Manager
Oaktree Capital Management, L.P.
Frank Carroll
Tim Jensen
Total Net Assets (01/31/2016) $0.169 million
Ticker HREMX
Fund Number 2236
CUSIP 411512684
WSJ Symbol n/a
The Harbor Emerging Markets Equity Fund, subadvised by Oaktree Capital Management, L.P., invests primarily (at least 80% of its net assets, plus borrowings for investment purposes, under normal market conditions) in equity securities, including common and preferred stocks, of emerging market companies that the Subadviser believes have been undervalued in the market relative to their ability to generate strong cash flows and attractive returns on capital. Emerging market companies are considered to be those that are located in, or economically tied to, emerging market countries or that maintain securities that principally trade on exchanges located in emerging market countries.

The Subadviser uses proprietary, fundamental research to identify companies with solid businesses for investment that it believes have an intrinsic value that is higher than the company's value as determined by its current stock price. When selecting individual companies for investment, the Subadviser normally looks for:

  • Sound management
  • Quality business model
  • Positive cash flow generation
  • Strong market position
  • Industry growth potential
  • Sustainable advantages
  • Stock trading at a significant discount to intrinsic value

Performance Summary Performance Details >

As of Quarter Ended 12/31/2015
YTD1 Year5 Year10 YearSince Inception

Growth of a Hypothetical $10,000 Investment

Source: Morningstar, Inc.

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 Emerging Markets (ND) Index is a market capitalization weighted index of equity securities in more than 20 emerging market economies. This unmanaged index does not reflect fees and expenses and is not available for direct investment. 

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 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.

Restated to reflect current fees.

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

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.