David G. Van Hooser Harbor Funds
March 1, 2015
Xxxxx X. Xxx Xxxxxx
000 Xxxxx Xxxxxx Xxxxx, 00xx Floor
Chicago, IL 60606
| RE: | Contractual Advisory Fee Waivers – March 1, 2015 through February 29, 2016 and February 28, 2018 with respect to Harbor Bond Fund |
Dear Xx. Xxx Xxxxxx:
In connection with our service as investment adviser to the specific Harbor funds listed below, we hereby agree to reduce our advisory fee with respect to each such Harbor fund until February 29, 2016 in the manner set forth below. This agreement may not be amended and shall automatically expire at the close of business on February 29, 2016 without further action by either party.
| • | Harbor Capital Appreciation Fund: We agree to reduce our advisory fee from 0.60% to 0.57% on assets between $5 billion and $10 billion and 0.54% on assets over $10 billion through February 29, 2016. |
| • | Harbor International Fund: We agree to reduce our advisory fee from 0.75% on assets up to $12 billion and 0.65% on assets in excess of $12 billion to 0.63% on assets between $24 billion and $36 billion, 0.58% on assets between $36 billion and $48 billion and 0.57% on assets over $48 billion through February 29, 2016. |
| • | Harbor High-Yield Bond Fund: We agree to reduce our advisory fee from 0.60% to 0.56% on all assets through February 29, 2016. |
| • | Harbor Bond Fund: We agree to reduce our advisory fee from 0.48% to 0.43% on assets between $1 billion and $3 billion, 0.405 on assets over $3 billion through February 28, 2018. |
| • | Harbor Money Market Fund: We agree to reduce our advisory fee from 0.20% to 0.18% on all assets through February 29, 2016. |
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.
| HARBOR CAPITAL ADVISORS, INC. | ||
| By: | /s/ Xxxxxxx X. XxXxxx | |
| Xxxxxxx X. XxXxxx, Executive Vice President | ||
Agreed and Accepted
| HARBOR FUNDS | ||
| By: | /s/ Xxxxx X. Xxx Xxxxxx | |
| Xxxxx X. Xxx Xxxxxx, President | ||
000 Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx x Xxxxxxx, Xxxxxxxx 00000-0000
T 000-000-0000 | F 000-000-0000 | xxx.xxxxxxxxxxx.xxx
