The Subadviser employs a fundamental, bottom-up research driven approach to identify companies for investment by the Fund. The Subadviser focuses on those companies that it believes have higher quality businesses that are undervalued by the market relative to what the Subadviser believes to be their fair value. The Subadviser also looks for one or more catalysts that may help the company realize that fair value.
The Subadviser seeks to identify higher quality companies by focusing on the following attributes:
Under normal market conditions, the Fund expects to invest in approximately 35 to 45 companies.
As of Quarter Ended 03/31/2016
YTD 1 Year 5 Year 10 Year Since Inception 0.70% -0.06% 11.02% 5.94% 7.90%
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 Russell 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Russell Investments.
The Harbor Large Cap Value Fund received a 3-star Overall Morningstar Rating™ as of 03/31/2016 out of 1398 Large Blend funds. Large Cap Value Fund was rated 4-star among 1225, 3-star among 893, and 0-star among 0 domestic Large Blend funds for the three-, five- and ten-year periods ended 03/31/2016, respectively. The Morningstar Rating is for the Retirement share class only; other classes may have different performance characteristics.
The Harbor Large Cap Value Fund received a 3-star Overall Morningstar Rating™ as of 03/31/2016 out of 1398 Large Blend funds. Large Cap Value Fund was rated 4-star among 1225, 3-star among 893, and 0-star among 0 domestic Large Blend funds for the three-, five- and ten-year periods ended 03/31/2016, respectively. The Morningstar Rating is for the Investor 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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