LOGO

March 1, 2023

Charles F. McCain

Harbor Funds

111 South Wacker Drive, 34th Floor

Chicago, IL 60606

 

RE:

Contractual Expense Limitations – March 1, 2023 through February 29, 2024

Dear Mr. McCain:

In connection with our service as investment adviser to the specific Harbor funds listed below, we hereby agree to limit the total annual operating expenses, excluding interest expense (if any), of each class of shares of such Harbor funds until February 29, 2024 in the manner set forth below:

 

Harbor Disruptive Innovation Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.75     0.83     1.08     1.19
Harbor Large Cap Value Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.61     0.69     0.94     1.05
Harbor Mid Cap Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.80     0.88     1.13     1.24
Harbor Mid Cap Value Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.77     0.85     1.10     1.21
Harbor Diversified International All Cap Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.72     0.80     1.05     1.16
Harbor Global Leaders Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.78     0.86     1.11     1.22

 

111 SOUTH WACKER DRIVE, 34TH FLOOR | CHICAGO, ILLINOIS 60606-4302

T 800-422-1050 | F 312-443-4444 | www.harborcapital.com


Mr. McCain

March 1, 2023

Page 2 of 3

 

Harbor International Fund

   Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.69     0.77     1.02     1.13
Harbor International Growth Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.77     0.85     1.10     1.21
Harbor International Small Cap Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.88     0.96     1.21     1.32
Harbor International Core Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.77     0.85     1.10     1.21
Harbor Convertible Securities Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
    Investor
Class
 

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.63     0.71     0.96     1.07
Harbor Core Plus Fund    Retirement
Class
    Institutional
Class
    Administrative
Class
       

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.30     0.38     0.63  
Harbor Core Bond Fund    Retirement
Class
    Institutional
Class
             

Total annual Fund operating expenses (expressed as a percentage of average daily net assets)

     0.26     0.34    

We shall have no ability to terminate or modify this expense limitation agreement through February 29, 2024. This agreement shall automatically expire without further action by the parties at the close of business on February 29, 2024.

Please acknowledge your agreement with the foregoing as of the date set forth above by signing in the space provided below and returning an executed original to my attention.


Mr. McCain

March 1, 2023

Page 3 of 3

 

HARBOR CAPITAL ADVISORS, INC.
By:  

/s/ Erik D. Ojala

  Erik D. Ojala, Executive Vice President

 

Agreed and Accepted:
HARBOR FUNDS
By:  

/s/ Charles F. McCain

  Charles F. McCain, President