News & Commentary

Change in Portfolio Managers for Harbor Bond Fund and Harbor Unconstrained Bond Fund
September 29, 2014

On Friday, September 26, 2014, Bill Gross announced he was resigning from Pacific Investment Management Company LLC ("PIMCO").  Bill Gross was Managing Director, Chief Investment Officer and Founding Partner of PIMCO.  Over the years he assembled an impressive team at PIMCO that assisted him in running a number of bond portfolios including the Harbor Bond Fund and the Harbor Unconstrained Bond Fund.

Harbor Funds has great respect for Bill Gross and great respect for the team he assembled at PIMCO.  With Mr. Gross' departure from PIMCO, the portfolio management of the Harbor Bond Fund and the Harbor Unconstrained Bond Fund has been assumed by key members of the PIMCO team, who were already involved with supporting the management of the funds.

Effective Friday, September 26, 2014, the portfolio managers of the Harbor Bond Fund are Scott Mather, CIO U.S. Core Strategies, Mark Kiesel, CIO Global Credit, and Mihir Worah, CIO Real Return and Asset Allocation.

Effective Friday, September 26, 2014, the portfolio managers of the Harbor Unconstrained Bond Fund are Saumil Parikh, Mohsen Fahmi and Daniel Ivascyn, Group CIO.  Dan Ivascyn is Bill Gross' replacement as CIO at PIMCO.

Because all of the PIMCO team members worked closely with Bill Gross on these funds before he resigned, we do not expect any material changes in the management of the Harbor Bond Fund and the Harbor Unconstrained Bond Fund.

If you have any questions regarding the portfolio management changes of the Harbor Bond Fund or Harbor Unconstrained Bond Fund, please contact Harbor Funds at 800-422-1050 between the hours of 8:00 a.m. and 6:00 p.m. Eastern time or visit the Harbor Funds website at harborfunds.com.