| Investment Objective: |
Harbor Capital Advisors, Inc. ("Harbor Capital" or the "Advisor"), the investment adviser to the Fund, employs an active, quantitative approach designed to evaluate companies based on fundamental and market factors and construct a portfolio of securities featuring characteristics expected to be favored in the prevailing market environment. The Fund invests primarily in equity securities of mid-capitalization companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of mid cap companies. The Fund defines mid cap companies as those with market capitalizations that fall within the range of the Russell Midcap Index. The Advisor's systematic approach uses proprietary models and statistical techniques to analyze a range of fundamental and market-based characteristics. One component of this process is to evaluate each company across five broad categories: Capital Deployment, Momentum, Quality, Risk and Valuation. The Advisor's systematic approach is also designed to adapt to changing market conditions such as growth, liquidity, inflation and market sentiment and adjusts exposures accordingly. |
