The fund typically invests in stocks of about 100-150 companies. Thus, 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 fund invests in securities of foreign and domestic companies. Because of this, there is a risk that the fund s share price will fluctuate more than if the fund invested solely in securities of domestic issuers. A decline in the value of foreign currencies relative to the U.S. dollar will reduce the unhedged value of securities denominated in those currencies.
Foreign securities are sometimes less liquid and harder to value than securities of U.S. issuers.
These risks are more severe for securities of issuers in emerging market countries such as Eastern Europe, Latin America, South America and the Pacific Basin. Foreign brokerage and custodian fees may be higher than in the U.S. Please refer to the Harbor Fund prospectus for a more complete description of the charges, expenses and risks associated with an investment in the Fund, including the risk of foreign investing. Each of the Harbor Funds or services referred to in the Harbor Fund Web site may be offered only to persons in the United States. This Web site should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States. Inc. All rights reserved.