Harbor High-Yield Bond Fund Institutional Class (HYFAX)

Current Price (As of 04/16/2014)

Price (NAV $)Change ($)Change (%)
$11.03 $0.00   0.00%  
Current 30-Day Subsidized SEC
Yield (%)
Current 30-Day Unsubsidized SEC
Yield (%)
Effective 30-Day Subsidized SEC
Yield (%)
Effective 30-Day Unsubsidized SEC
Yield (%)
3.96% 3.92% 4.04% 3.99%

Price History Chart

to

Performance Chart

Source: Morningstar, Inc.

Total Returns - Month End (Annualized Total Returns as of the Month Ended 03/31/2014)

Annualized Total Returns as of the Month Ended 03/31/2014
Annualized Total Returns as of the Month Ended 03/31/2014
 3 MoYTD Return1 Yr3 Yr5 Yr10 YrSince
Incp.
Expense Ratio
NetGross
Harbor High-Yield Bond Fund2.91%2.91%6.73%7.15%11.97%7.22%8.20%0.64% 0.68%
BofA Merrill Lynch US High Yield Index3.00%3.00%7.57%8.71%18.19%8.54%10.23%--

Total Returns - Quarter End (Annualized Total Returns as of the Quarter Ended 03/31/2014)

Annualized Total Returns as of the Quarter Ended 03/31/2014
Annualized Total Returns as of the Quarter Ended 03/31/2014
 3 MoYTD Return1 Yr3 Yr5 Yr10 YrSince
Incp.
Expense Ratio
NetGross
Harbor High-Yield Bond Fund2.91%2.91%6.73%7.15%11.97%7.22%8.20%0.64% 0.68%
BofA Merrill Lynch US High Yield Index3.00%3.00%7.57%8.71%18.19%8.54%10.23%--

Year-by-Year Total Returns (As of Year Ended 12/31)

As of Year Ended 12/31
As of Year Ended 12/31
 20132012201120102009
Harbor High-Yield Bond Fund5.51%11.50%4.83%12.42%30.89%
BofA Merrill Lynch US High Yield Index7.42%15.59%4.38%15.19%57.51%

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 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 BofA Merrill Lynch US High Yield Index is an unmanaged index that tracks the performance of below investment grade U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. The unmanaged indices do not reflect fees and expenses and are not available for direct investment.


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 0.56% through February 28, 2014. 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, 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.

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.

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.