Harbor Capital Advisors, the investment adviser to the Harbor Funds family of no-load actively managed mutual funds, lowered the management fee on the Harbor Emerging Markets Equity, Harbor Global Leaders and Harbor Mid Cap Growth Funds.
A 15 basis point (bp) management fee waiver and expense limitation for the Emerging Markets Equity Fund, subadvised by Oaktree Capital Management, L.P., brings the net expense ratio for the Institutional Class shares down to 101 bps from 116.
For the Global Leaders Fund, subadvised by Sands Capital Management, LLC, a 5 bp management fee waiver and expense limitation brings the net expense ratio for the Institutional Class shares down to 86 bps from 91.
For the Mid Cap Growth Fund, subadvised by Wellington Management Company LLP, a 3 bp reduction of the management fee brings the Institutional Class shares down to a net expense ratio of 86 bps from 89.
These reductions reflect Harbor's commitment to cost aware investing and acting in the best interests of Harbor Funds' shareholders.
About Harbor Capital Advisors
Harbor offers a diverse family of cost aware investment solutions managed by institutional caliber firms. We find talented investment teams to manage portfolios and apply a rigorous fiduciary oversight program to monitor their performance and investment decisions. As of July 31, 2019, Harbor Funds has combined net assets of approximately $47 billion. Fees and expenses apply to an investment in Harbor Funds and are described in each fund's current prospectus.
Expense Ratios: Institutional Class
|Harbor Emerging Markets Equity Fund||1.35%||1.01%|
|Harbor Global Leaders Fund||1.05%||0.86%|
|Harbor Mid Cap Growth Fund||0.89%||0.86%|