News & Commentary

One of the Harbor International Portfolio Managers Announces His Retirement
January 16, 2014

Harbor Funds announced today that Edward E. ("Ted") Wendell, Jr.—a portfolio manager on the Harbor International Fund—will step down from his investment responsibilities with the fund on June 30 before retiring at the end of 2014.

Mr. Wendell, 73, is a founding partner and portfolio manager of Northern Cross, LLC. His investment responsibilities will be assumed by his three partners and current co-portfolio managers on the fund, James LaTorre, CFA, Howard Appleby, CFA, and Jean-Francois Ducrest. Like Mr. Wendell, Mr. LaTorre, Mr. Appleby and Mr. Ducrest are founding partners and portfolio managers of Northern Cross, LLC. They were involved for a number of years in supporting the management of the Harbor International Fund before being named portfolio managers of the fund in 2009.

"I'd like to thank Ted Wendell on behalf of Harbor Funds and the shareholders of the Harbor International Fund," said Harbor Funds Chairman, David G. Van Hooser. "Since the fund's inception in 1987, Ted has provided various investment research, administrative and portfolio management services in support of the Harbor International Fund and its shareholders. While this is a normal transition, we will miss Ted and we wish him the very best in his well-deserved retirement. The Northern Cross team of portfolio managers and analysts is well positioned to continue managing the fund going forward."

The Harbor Funds lineup of actively managed, no-load mutual funds had combined net assets of $84 billion as of December 31, 2013. Each Harbor fund is managed by an institutional investment firm selected by Harbor Capital Advisors, Inc. based on the firm's experience in a specific asset class. Other fees and expenses apply to a continued investment in the Funds and are described in each fund's current prospectus.

If you have any questions, please contact one of our Shareholder Services Representatives at 800-422-1050, Monday through Friday, from 8:00 a.m. to 6:00 p.m., Eastern time.