January 17, 2024
Charles F. McCain
Harbor Funds II
111 South Wacker Drive, 34th Floor
Chicago, IL 60606
| RE: | Contractual Expense Limitations – January 17, 2024 through February 28, 2025 |
Dear Mr. McCain:
In connection with our service as investment adviser to the specific 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 funds until February 28, 2025 in the manner set forth below:
| Embark Commodity Strategy Fund | Retirement Class | Institutional Class | ||||||
| Total annual Fund operating expenses (expressed as a percentage of average daily net assets) |
0.71 | % | 0.79 | % | ||||
| Embark Small Cap Equity Fund | Retirement Class | Institutional Class | ||||||
| Total annual Fund operating expenses (expressed as a percentage of average daily net assets) |
0.61 | % | 0.69 | % | ||||
We shall have no ability to terminate or modify this expense limitation agreement through February 28, 2025. This agreement shall automatically expire without further action by the parties at the close of business on February 28, 2025.
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/ Diana R. Podgorny | |
| Diana R. Podgorny, Executive Vice President | ||
| Agreed and Accepted: | ||
| HARBOR FUNDS II | ||
| By: | /s/ Charles F. McCain | |
| Charles F. McCain, President | ||
111 South Wacker Drive, 34th Floor | Chicago, Illinois 60606-4302
T 800-422-1050 | F 312-443-4444 | www.harborcapital.com