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 |