Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.
The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.
The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii)
involves unknown risks and uncertainties which may cause the Manager Research Group’s
expectations not to occur or to differ significantly from what they expected, and (iii) should not be
considered an offer or solicitation to buy or sell the fund.
The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by
Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries
(“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC,
which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager
Research Group evaluates funds based on five key pillars, which are process, performance, people, parent,
and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe
funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They
consider quantitative and qualitative factors in their research. For actively managed strategies, people and
process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive
strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For
both active and passive strategies, performance has no explicit weight as it is incorporated into the
analysis of people and process; price at the share-class level (where applicable) is directly subtracted from
an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted
pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of
the dispersion of historical alphas among relevant peers. For certain peer groups where standard
benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the
modification by alpha dispersion is not used.
The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar
Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active
fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to
the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative
to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold,
Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a
higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the
rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds.
For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds
using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the
Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a
predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research
Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously
monitored and reevaluated at least every 14 months.
For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to
https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx
©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary
to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not
warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are
responsible for any damages or losses arising from any use of this information. Past performance is no
guarantee of future results.
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by
Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries
(“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC,
which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager
Research Group evaluates funds based on five key pillars, which are process, performance, people, parent,
and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe
funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They
consider quantitative and qualitative factors in their research. For actively managed strategies, people and
process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive
strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For
both active and passive strategies, performance has no explicit weight as it is incorporated into the
analysis of people and process; price at the share-class level (where applicable) is directly subtracted from
an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted
pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of
the dispersion of historical alphas among relevant peers. For certain peer groups where standard
benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the
modification by alpha dispersion is not used.
The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar
Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active
fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to
the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative
to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold,
Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a
higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the
rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds.
For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds
using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the
Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a
predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research
Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously
monitored and reevaluated at least every 14 months.
For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to
https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx
©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary
to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not
warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are
responsible for any damages or losses arising from any use of this information. Past performance is no
guarantee of future results.
The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii)
involves unknown risks and uncertainties which may cause the Manager Research Group’s
expectations not to occur or to differ significantly from what they expected, and (iii) should not be
considered an offer or solicitation to buy or sell the fund.
This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies.
The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.
Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.
