News & Commentary

Harbor Short Duration Fund has been closed and liquidated
October 29, 2010

Chicago, Illinois, October 29th, 2010 – As was previously announced on August 19, 2010, Harbor Funds ceased operations of the Harbor Short Duration Fund at 4:00 p.m. Eastern time on Friday, October 29, 2010. The Harbor Short Duration Fund has been liquidated, with proceeds being distributed to shareholders.  Checks should arrive within a fews days of the liquidation date. 

David G. Van Hooser, chairman of the Harbor Funds' Board of Trustees and Chief Executive Officer of Harbor Capital Advisors, Inc., investment adviser to the Harbor Short Duration Fund, said that the Fund had not retained sufficient assets to remain economically viable. The Fund began operations on January 1, 1992 and had net assets of approximately $39.5 million as of August 18, 2010. The Fund was managed by Fischer Francis Trees & Watts, Inc.

The Harbor Funds lineup now consists of 27 actively managed no-load mutual funds, with combined net assets of approximately $56 billion as of October 29, 2010.  Each Fund is managed by an institutional investment firm chosen by Harbor Capital Advisors, Inc. because of its experience and long-term performance in a specific asset class. For more complete information about Harbor's family of funds, including the fees and expenses associated with an investment in a fund, please refer to the Harbor Funds' prospectuses.