Shareholders in the Harbor Short Duration Fund
[HRSDX) will soon need to find another safe harbor for the cash. Chicago-based Harbor Funds [see profile
revealed Thursday that it will be liquidating the fund at the end of October. [SEC filing
Fischer Francis Trees & Watts has been a subadvisor to the $39 million bond fund. The fund carries a two-star rating from Morningstar [see fund fact sheet
No reason for the decision to liquidate and dissolve the fund was provided. The board stated that it expects the end of the fund to come on October 29, 2010.
Because the Fund will be liquidating, the it is now closed to new investors.
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