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Tax Center

Tax Center

2023 Tax Year Notification

It’s that time of year! Tax season is in full swing, and Harbor is hard at work to provide you with the necessary forms to file your taxes. Tax information can be found in the Tax Center, which includes 2023 form distribution dates, information on Foreign Tax Credits, Qualified Dividend income, and more. Additional information can be found in the FAQs section on our website too. We strive to provide best-in-class service so please reach out to our Shareholder Services group at 800-422-1050 with any question. Please note that Harbor cannot provide any information that could be misconstrued as tax advice.

Filing Your Taxes

Recent Distributions
View a complete report of recent fund distributions.

View or print your online tax statements
Log in to your account, click the View Statements tab, and select Tax Statements

Turbo Tax and H&R Block At Home
Find answers to frequently asked questions about using these software packages to file your taxes electronically.

If you have any questions, please call a Harbor Shareholder Services Representative at 800-422-1050, Monday through Friday, between 8:00 a.m. and 6:00 p.m. Eastern time.

Tax Planning

It's never too early to contribute to your IRA....
Learn more about IRA contributions.

Roth IRA vs Traditional IRA
Review our one-page guide to these two types of retirement accounts, or learn more about how to convert to a Roth IRA online.

Do Cost Basis rules affect you?
Learn more about the federal cost basis regulations in the Cost Basis section below.

Is there a tax penalty if my account is escheated?
Mutual Fund accounts are considered long term investments, however if you fail to contact us within the time period specified in the state in which your account is registered, we may be required to escheat your account(s) and turn your financial assets over to the state of your account registration. 

Generally, the remittance of non-retirement assets is non-taxable to the shareholder. However, the remittance of retirement assets may incur federal and/or state withholding in addition to an early withdrawal penalty if applicable. 

Harbor Funds Tax Statements

Tax Year 2023

The table below lists all of the various tax statements that Harbor will distribute to shareholders in 2024. These statements are also available online when you log in to your account.

Note: Not all shareholders will receive all of these documents - it depends on the funds and accounts you hold with us.

IRS FormDescriptionMailing Schedule
1099-RForm 1099-R reports any distributions you have taken from your Harbor retirement accounts. Mailed on January 16, 2024.
1099-DIVThe Form 1099-DIV is a record of all taxable capital gains and dividends paid to you, including those that have been re-invested in a given tax year. You would use Form 1099-DIV to help report income received from investments on your tax return.  Note: Forms are not sent to investors who received or re-invested a total of less than $10 per fund. Mailed on January 26, 2024.
1099-BAny redemptions you made during the tax year will result in a gain or loss, depending on whether the fund price increased or decreased from what you paid for it. For partial redemptions, we calculate the cost basis of the redemption by adding up the cost basis for the entire account and dividing by the number of shares. To determine whether short- or long-term capital gains apply, the IRS presumes you sell the oldest shares first. Form 1099-B summarizes the proceeds and includes the costs basis of all transactions. Figures from Form 1099-B are used on IRS Form 1040, Schedule D.Mailed on January 26, 2024.
1042-SForm 1042-S reports distributions of ordinary income dividends, long-term capital gains, gain from U.S. real property interests, and return of capital paid during the year to beneficial owners who are either non-resident aliens or foreign entities.Mailed on March 8, 2024.
5498Form 5498 reports your IRA contributions to the IRS. The copy you receive will be just that - a copy for your records. You do not need to submit the Form 5498 to the IRS.Estimated mailing – second week of May.

Mutual funds are required to provide cost basis information to shareholders and the Internal Revenue Service (IRS). You should be aware of these regulations and how they will affect the tax reporting on your taxable Harbor Funds accounts.

For more information on Cost Basis and how it may affect you, please visit the Cost Basis frequently asked questions.

Year-Ended December 31, 2023

Mutual fund dividends derived from U.S. government securities are exempt from state and local taxes. The table below shows the percentage of the ordinary dividend paid by each Harbor fund in 2023 that was derived from U.S. Treasury and certain Federal Agency obligations. If the fund you own is not listed, it does not qualify for this exemption.

Fund Name
Percentage of Income Derived from U.S. Government Obligations
Harbor Commodity All-Weather Strategy ETF 50.02%
Harbor Core Bond Fund 21.88%
Harbor Core Plus Fund 14.68%
Harbor Energy Transition Strategy ETF * 100.00%

* This fund meets the threshold requirements for California, Connecticut and New York, which require that at least 50% of a fund's assets at each quarter-end within the tax year consist of U.S. government obligations.

The information shown above should not be construed as specific tax, legal or investment advice. If you have questions, please consult with your tax adviser to determine the appropriate use of this information for your tax situation.

Year-Ended December 31, 2023

The following percentage of each fund's ordinary income dividend (income dividend plus short-term capital gain distribution) qualifies for the federal dividends-received deduction (DRD). To be eligible for the deduction you must be a taxable corporation. Your eligibility for this deduction could be affected by certain provisions of the Internal Revenue Code.

Fund Name
Percentage Eligible for Dividends-Received Deduction
Harbor Convertible Securities Fund 17.34%
Harbor Diversified International All Cap Fund 1.77%
Harbor Dividend Growth Leaders ETF 100.00%
Harbor Health Care ETF 22.09%
Harbor Human Capital Factor Unconstrained ETF 100.00%
Harbor Human Capital Factor US Large Cap ETF 99.28%
Harbor Human Capital Factor US Small Cap ETF 100.00%
Harbor International Fund 0.27%
Harbor International Core Fund 0.32%
Harbor Large Cap Value Fund 100.00%
Harbor Long-Term Growers ETF 100.00%
Harbor Mid Cap Fund 100.00%
Harbor Mid Cap Value Fund
100.00%
Harbor Multi-Asset Explorer ETF 3.87%
Harbor Small Cap Growth Fund 100.00%
Harbor Small Cap Value Fund
100.00%

The information shown above should not be construed as specific tax, legal or investment advice. If you have questions, please consult with your tax adviser to determine the appropriate use of this information for your tax situation.

Year Ended December 31, 2023

Certain Harbor funds paid foreign taxes that can be passed through to shareholders. As a shareholder, you may be entitled to claim a foreign tax credit or take an itemized deduction on your federal income tax return for such amounts. Depending on your individual situation, you may be required to file Foreign Tax Credit Form 1116 (Individual, Estate or Trust) or Form 1118 (Corporation).

Shareholders completing Form 1116 are no longer required to report foreign taxes paid on a country-by-country basis; simply enter "RIC" on line i.

To calculate your total income from foreign sources paid by the fund, multiply the amount in Box 1a of your 1099-DIV by the percentage found in the column below titled "Percent of Box 1a That is Foreign Sourced Income". You may be required to adjust foreign sourced income by any foreign sourced qualified dividend income. The percent of Box 1a which is foreign sourced qualified dividend income may be found in the table titled, "Percent of Box 1a that is Foreign Sourced qualified dividend income." For more information, please see Instructions to Form 1116 and IRS Publication 514, Foreign Tax Credit for Individuals.

Fund Name
Percent of Box 1a That is Foreign Sourced Income
Percent of Box 1a That is Foreign Sourced Qualified Dividend Income
Harbor Diversified International All Cap Fund 82.90% 82.90%
Harbor International Fund 80.30%
79.30%
Harbor International Compounders ETF 86.40% 86.40%
Harbor International Core Fund 97.20% 97.20%
Harbor International Growth Fund 100.00% 100.00%
Harbor International Small Cap Fund
97.40%
97.40%

The information shown above should not be construed as specific tax, legal or investment advice. If you have questions, please consult with your tax adviser to determine the appropriate use of this information for your tax situation.

Year Ended December 31, 2023

The following percentage of each fund's ordinary income dividend (income dividend plus short-term capital gain distribution) is eligible for reduced tax rates as qualified dividend income (QDI) for 2023.

Fund Name QDI Percentage
Harbor Convertible Securities Fund 17.34%
Harbor Diversified International All Cap Fund 87.37%
Harbor Dividend Growth Leaders ETF 100.00%
Harbor Health Care ETF
22.09%
Harbor Human Capital Factor Unconstrained ETF 100.00%
Harbor Human Capital Factor US Large Cap ETF 99.28%
Harbor Human Capital Factor US Small Cap ETF 100.00%
Harbor International Fund
74.57%
Harbor International Compounders ETF 100.00%
Harbor International Core Fund 100.00%
Harbor International Growth Fund
100.00%
Harbor International Small Cap Fund
100.00%
Harbor Large Cap Value Fund
100.00%
Harbor Long-Term Growers ETF 100.00%
Harbor Mid Cap Fund
100.00%
Harbor Mid Cap Value Fund
100.00%
Harbor Multi-Asset Explorer ETF
11.95%
Harbor Small Cap Growth Fund 100.00%
Harbor Small Cap Value Fund
100.00%

The information shown above should not be construed as specific tax, legal or investment advice. If you have questions, please consult with your tax adviser to determine the appropriate use of this information for your tax situation.

Year-Ended December 31, 2023

Taxable corporations or partnerships may use the following percentage of each fund's ordinary income dividend (income dividend plus short-term capital gain distribution) as business interest income for purposes of calculating certain provisions of the Internal Revenue Code.

Fund NameOrdinary Income Dividend Percentage
Harbor Commodity All-Weather Strategy ETF43.09%
Harbor Convertible Securities Fund 79.14%
Harbor Core Bond Fund
90.20%
Harbor Core Plus Fund88.84%
Harbor Energy Transition Strategy ETF98.82%
Harbor High-Yield Bond Fund
31.26%
Harbor Scientific Alpha High-Yield ETF98.96%
Harbor Scientific Alpha Income ETF88.69%

The information shown above should not be construed as specific tax, legal or investment advice. If you have questions, please consult with your tax adviser to determine the appropriate use of this information for your tax situation.

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Harbor Scientific Alpha High-Yield ETF and Harbor Scientific Alpha Income ETF are registered with HM Revenue & Customs in the U.K. as “reporting funds”. If you are subject to UK taxation, you may need to report “excess reportable income.”

The annual UK reportable income – Report to investors  can be found below.

The annual UK Reportable Income – Report to Investors is intended for investors outside of the United States and does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation would be unlawful under the securities law of such jurisdiction.   

Organizational actions (e.g. return of capital) affecting the basis of securities held in Harbor Funds are reported on IRS Form 8937.

2023 Form 8937 Harbor Convertible Securities Fund Distributions

2023 Form 8937 Harbor Convertible Securities Fund Distributions

2023 Form 8937 - Harbor High-Yield Bond Fund Distributions

2023 Form 8937 - Harbor High-Yield Bond Fund Distributions

2023 Form 8937 - Merger of Harbor High-Yield Bond Fund into Harbor Scientific Alpha High-Yield ETF

2023 Form 8937 - Merger of Harbor High-Yield Bond Fund into Harbor Scientific Alpha High-Yield ETF

2023 Form 8937 - Harbor High-Yield Bond Fund 
 Share Class Conversion

2023 Form 8937 - Harbor High-Yield Bond Fund Share Class Conversion

2020 Form 8937 – Merger of Harbor Small Cap Growth Opportunities Fund into Harbor Small Cap Growth Fund

2020 Form 8937 – Merger of Harbor Small Cap Growth Opportunities Fund into Harbor Small Cap Growth Fund

2017 Form 8937 - Merger of Mar Vista Strategic Growth Fund into Harbor Strategic Growth Fund

2017 Form 8937 - Merger of Mar Vista Strategic Growth Fund into Harbor Strategic Growth Fund

2016 Form 8937 - Harbor Commodity Real Return Strategy Fund

2016 Form 8937 - Harbor Commodity Real Return Strategy Fund

Form W-8BEN

Form W-8BEN

Form W-8BEN Instructions

Form W-8BEN Instructions

Form W-8BEN-E

Form W-8BEN-E

Form W-8BEN-E Instructions

Form W-8BEN-E Instructions

Form W-8IMY

Form W-8IMY

Form W-8IMY Instructions

Form W-8IMY Instructions

Form W-9

Form W-9

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

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