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Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

Welcome
Overview
Performance
Holdings
Investment Team
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An Opportunity to Capitalize on a Market Inefficiency via an Underutilized Source of Alpha.

Harbor Capital has partnered with Irrational Capital to develop a data-driven strategy built on the Human Capital Factor®.

What is the Human Capital Factor®? The HCF® seeks to identify and scores companies on their management of human capital based on a proprietary methodology, selecting them for inclusion in the index in an objective and systematic way.

HAPI offers exposure to larger capitalization companies with strong Human Capital Factor® scores while constraining sectors in an effort to enhance overall diversification.

BE HAPI

assets0
assets0M+

assets0M+

The above figures represent Irrational Capital’s full data set. A subset of this data is used in constructing HAPI. Source: Irrational Capital. As of 3/31/2023.

Differentiated Research that Seeks to Uncover Alpha
  • Irrational Capital looks to identify companies with strong employer/employee relationships.

  • The HCF® seeks to unlock an underutilized alpha factor and uncorrelated returns.

  • Creates a systematic link between a company's HCF® score and its resulting company equity performance.

employees_icon.png
Invests in Human Capital.

The Human Capital Factor measures intrinsic and extrinsic motivation that  establishes the relationship between employee well-being and business fundamentals which, in turn, could impact equity performance.

public_companies_icon.png
Outcome Oriented. Socially Conscious.

The Human Capital Factor offers a socially conscious, systematic measure of business fundamentals.

data_points_icon.png
Backed by Data.

The Human Capital Factor is grounded in proprietary data that seeks to prove "doing the right thing" can pay. 

Investment Solutions Built on the Human Capital Factor®

The Human Capital Factor® (HCF®) seeks to quantify levels of motivation and engagement of a company's workforce in an effort to capture the powerful connection between human capital and stock performance. HCF® scores are applied in the construction of the following products:

Currently Viewing
|Large Cap ETF|
Tracks the CIBC Human Capital Index

Index designed to deliver exposure to equity securities of 500 largest U.S. companies

Fund includes approximately 150 stocks as determined by the HCF® within HAPI universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Small Cap ETF|
Tracks the Human Capital Factor Small Cap Index

Index designed to deliver exposure to equity securities of small cap U.S. companies

Fund includes approximately 200 stocks as determined by the HCF® within HAPS universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Unconstrained ETF|
Tracks the Human Capital Factor Unconstrained Index

Index designed to deliver exposure to equity securities of large cap U.S. companies

Fund includes top 70-100 stocks as determined by the HCF®

Equal-Weighted

No Sector Limits

Overview

Investment Team
Harbor Capital Advisors, Inc. dark blue logo on white background

Current Price

As of 11/6/2024

$36.14

Price (NAV)

$0.89

NAV Daily Change ($)

2.52%

NAV Daily Change (%)

29.26%

NAV YTD Return

$36.14

Market Price

$0.90

Market Daily Change ($)

2.55%

Market Daily Change (%)

29.26%

Market YTD Return

Fund Facts

As of 11/6/2024

10/12/2022

Inception Date

0.35

Expense Ratio (%)
disclaimer

$366.828

Total Net Assets (million)

10,150,000

Shares Outstanding
(As of 11/7/2024)

HAPI

Ticker

41151J604

Cusip

NYSE

Exchange

US41151J8779

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Large Blend

Morningstar Category

CIBC Human Capital Index

Benchmark

140,177,059

Implied Liquidity™ (Shares)
disclaimer

$4,941,592,473.28

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the CIBC Human Capital Index.

Morningstar Medalist Rating™

Morningstar Bronze
Analyst-Driven %
10
Data Coverage %
85
As of 9/30/2024

Pricing/Trading

As of 11/6/2024

$36.14

Bid/Ask Mid Price

$36.14

Closing Market Price

-$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

YTD

Days Traded at a Premium18356453923163
Days Traded at a Discount6741825451

0.14%

30-Day Median Bid/Ask Spread

8,377

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Human Capital Factor US Large Cap ETF - at NAV
4.58%
24.11%
37.57%
33.42%
0.35%disclaimer
0.35%
Market Price
4.52%
24.11%
37.57%
33.42%
--
--
CIBC Human Capital Index
4.69%
24.43%
38.18%
33.85%
--
--
S&P 500 Index
5.89%
22.08%
36.35%
29.39%
--
--

Performance data shown represents past performance and is no guarantee of future results. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.

The CIBC Human Capital Index consists of a modified market-weighted portfolio of the equity securities of U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. Constituents eligible are chosen from Solactive GBS United States 500 Index (the “index universe”) at the time of Index reconstitution. The Solactive GBS United States 500 Index intends to track the performance of the largest 500 companies from the US stock market. The index listed is unmanaged and does not reflect fees and expenses and is not available for direct investment.

The S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023
12/22/2023
12/27/2023
0.28324
0.05303
0.00295
0.33922
12/21/2022
12/22/2022
12/27/2022
0.06304
0.00056
--
0.06360

Holdings

Portfolio Characteristics

As of 10/31/2024

152

Number of Holdings

985473.1

Wtd Avg Market Cap ($Mil)

7.82

Price/Book Ratio

32.7

Adjusted Trailing P/E Ratio

26.5

% EPS Growth - Past 3 Yr

27.36

Return on Equity (%)

26.2

Forecasted P/E Ratio

Top Ten Holdings

As of 11/6/2024

Company Name [Ticker]

% of Net Assets

NVIDIA CORP[NVDA]
8.3
AMAZON.COM INC[AMZN]
5.1
APPLE INC[AAPL]
5.1
MICROSOFT CORP[MSFT]
4.3
JPMORGAN CHASE & CO[JPM]
4.0
META PLATFORMS INC-CLASS A[META]
3.3
ALPHABET INC-CL A[GOOGL]
3.2
ELI LILLY & CO[LLY]
3.0
ALPHABET INC-CL C[GOOG]
2.8
MASTERCARD INC - A[MA]
2.5
% of Total Holdings:
41.6%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector, countries mentioned may change at any time and may not represent current or future investments.

As of 11/6/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

NVIDIA CORP [NVDA]
EQUITY
67066G104
207,891
145.61
30,271,008.51
8.3
AMAZON.COM INC [AMZN]
EQUITY
023135106
89,852
207.09
18,607,450.68
5.1
APPLE INC [AAPL]
EQUITY
037833100
83,426
222.72
18,580,638.72
5.1
MICROSOFT CORP [MSFT]
EQUITY
594918104
37,517
420.18
15,763,893.06
4.3
JPMORGAN CHASE & CO [JPM]
EQUITY
46625H100
59,001
247.06
14,576,787.06
4.0
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
21,048
572.05
12,040,508.40
3.3
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
66,131
176.51
11,672,782.81
3.2
ELI LILLY & CO [LLY]
EQUITY
532457108
14,380
776.38
11,164,344.40
3.0
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
57,660
178.33
10,282,507.80
2.8
MASTERCARD INC - A [MA]
EQUITY
57636Q104
17,677
521.13
9,212,015.01
2.5
JOHNSON & JOHNSON [JNJ]
EQUITY
478160104
49,018
157.88
7,738,961.84
2.1
CHEVRON CORP [CVX]
EQUITY
166764100
46,595
157.72
7,348,963.40
2.0
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
146,114
45.41
6,635,036.74
1.8
COMM SERV SELECT SECTOR SPDR [XLC]
EQUITY
81369Y852
59,899
95.40
5,714,364.60
1.6
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
1,099
5,001.19
5,496,307.81
1.5
PROCTER & GAMBLE CO/THE [PG]
EQUITY
742718109
33,068
161.05
5,325,601.40
1.5
CATERPILLAR INC [CAT]
EQUITY
149123101
10,657
416.88
4,442,690.16
1.2
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
46,212
86.44
3,994,565.28
1.1
GENERAL ELECTRIC [GE]
EQUITY
369604301
21,344
180.76
3,858,141.44
1.1
NETFLIX INC [NFLX]
EQUITY
64110L106
4,898
780.21
3,821,468.58
1.0
AMGEN INC [AMGN]
EQUITY
031162100
11,511
321.79
3,704,124.69
1.0
MORGAN STANLEY [MS]
EQUITY
617446448
27,509
131.49
3,617,158.41
1.0
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
6,885
515.55
3,549,561.75
1.0
COCA-COLA CO/THE [KO]
EQUITY
191216100
54,291
63.70
3,458,336.70
0.9
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
11,557
295.16
3,411,164.12
0.9
HONEYWELL INTERNATIONAL INC [HON]
EQUITY
438516106
15,077
216.40
3,262,662.80
0.9
SALESFORCE INC [CRM]
EQUITY
79466L302
10,600
306.90
3,253,140.00
0.9
PEPSICO INC [PEP]
EQUITY
713448108
19,260
164.71
3,172,314.60
0.9
LOCKHEED MARTIN CORP [LMT]
EQUITY
539830109
5,674
551.82
3,131,026.68
0.9
BLACKROCK INC [BLK]
EQUITY
09290D101
3,000
1,029.82
3,089,460.00
0.8
PFIZER INC [PFE]
EQUITY
717081103
112,525
27.36
3,078,684.00
0.8
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
1,444
2,117.30
3,057,381.20
0.8
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
16,143
187.52
3,027,135.36
0.8
CISCO SYSTEMS INC [CSCO]
EQUITY
17275R102
47,157
57.87
2,728,975.59
0.7
ADOBE INC [ADBE]
EQUITY
00724F101
5,387
504.83
2,719,519.21
0.7
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
17,396
145.10
2,524,159.60
0.7
BLACKSTONE INC [BX]
EQUITY
09260D107
14,031
176.38
2,474,787.78
0.7
GILEAD SCIENCES INC [GILD]
EQUITY
375558103
26,636
91.69
2,442,254.84
0.7
DEERE & CO [DE]
EQUITY
244199105
6,018
405.71
2,441,562.78
0.7
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
8,764
276.26
2,421,142.64
0.7
FREEPORT-MCMORAN INC [FCX]
EQUITY
35671D857
50,806
46.87
2,381,277.22
0.6
SOUTHERN CO/THE [SO]
EQUITY
842587107
26,432
87.42
2,310,685.44
0.6
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
10,627
214.97
2,284,486.19
0.6
SERVICENOW INC [NOW]
EQUITY
81762P102
2,279
994.48
2,266,419.92
0.6
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
10,529
213.60
2,248,994.40
0.6
DUKE ENERGY CORP [DUK]
EQUITY
26441C204
19,146
113.63
2,175,559.98
0.6
QUALCOMM INC [QCOM]
EQUITY
747525103
12,446
172.99
2,153,033.54
0.6
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
8,506
246.43
2,096,133.58
0.6
PROLOGIS INC [PLD]
EQUITY
74340W103
17,756
113.74
2,019,567.44
0.6
INTUIT INC [INTU]
EQUITY
461202103
3,032
648.39
1,965,918.48
0.5
WILLIAMS COS INC [WMB]
EQUITY
969457100
35,046
55.33
1,939,095.18
0.5
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
13,457
140.91
1,896,225.87
0.5
KKR & CO INC [KKR]
EQUITY
48251W104
11,975
152.27
1,823,433.25
0.5
GE VERNOVA INC [GEV]
EQUITY
36828A101
5,335
336.30
1,794,160.50
0.5
NORTHROP GRUMMAN CORP [NOC]
EQUITY
666807102
3,313
523.14
1,733,162.82
0.5
EQUINIX INC [EQIX]
EQUITY
29444U700
1,845
890.82
1,643,562.90
0.4
ZOETIS INC [ZTS]
EQUITY
98978V103
9,404
170.37
1,602,159.48
0.4
CME GROUP INC [CME]
EQUITY
12572Q105
7,046
221.17
1,558,363.82
0.4
WW GRAINGER INC [GWW]
EQUITY
384802104
1,268
1,194.96
1,515,209.28
0.4
AUTOMATIC DATA PROCESSING [ADP]
EQUITY
053015103
4,693
305.18
1,432,209.74
0.4
BECTON DICKINSON AND CO [BDX]
EQUITY
075887109
5,787
240.06
1,389,227.22
0.4
SCHLUMBERGER LTD [SLB]
EQUITY
806857108
31,682
43.77
1,386,721.14
0.4
ALTRIA GROUP INC [MO]
EQUITY
02209S103
24,643
54.29
1,337,868.47
0.4
MONDELEZ INTERNATIONAL INC-A [MDLZ]
EQUITY
609207105
19,909
66.37
1,321,360.33
0.4
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
3,207
385.18
1,235,272.26
0.3
CORTEVA INC [CTVA]
EQUITY
22052L104
19,936
61.74
1,230,848.64
0.3
NIKE INC -CL B [NKE]
EQUITY
654106103
16,191
75.32
1,219,506.12
0.3
UNITED RENTALS INC [URI]
EQUITY
911363109
1,345
880.32
1,184,030.40
0.3
INTEL CORP [INTC]
EQUITY
458140100
47,135
25.05
1,180,731.75
0.3
TRAVELERS COS INC/THE [TRV]
EQUITY
89417E109
4,610
253.95
1,170,709.50
0.3
DOW INC [DOW]
EQUITY
260557103
23,591
48.35
1,140,624.85
0.3
LULULEMON ATHLETICA INC [LULU]
EQUITY
550021109
3,609
313.14
1,130,122.26
0.3
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
2,669
423.12
1,129,307.28
0.3
SIMON PROPERTY GROUP INC [SPG]
EQUITY
828806109
6,234
173.61
1,082,284.74
0.3
DUPONT DE NEMOURS INC [DD]
EQUITY
26614N102
12,793
84.33
1,078,833.69
0.3
EBAY INC [EBAY]
EQUITY
278642103
17,167
61.08
1,048,560.36
0.3
L3HARRIS TECHNOLOGIES INC [LHX]
EQUITY
502431109
4,087
256.45
1,048,111.15
0.3
COLGATE-PALMOLIVE CO [CL]
EQUITY
194162103
11,601
90.22
1,046,642.22
0.3
CUMMINS INC [CMI]
EQUITY
231021106
2,840
356.01
1,011,068.40
0.3
OCCIDENTAL PETROLEUM CORP [OXY]
EQUITY
674599105
19,264
51.39
989,976.96
0.3
KLA CORP [KLAC]
EQUITY
482480100
1,445
669.66
967,658.70
0.3
BAKER HUGHES CO [BKR]
EQUITY
05722G100
21,817
42.74
932,458.58
0.3
EXELON CORP [EXC]
EQUITY
30161N101
24,006
38.32
919,909.92
0.3
SYNOPSYS INC [SNPS]
EQUITY
871607107
1,662
553.15
919,335.30
0.3
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
3,001
296.75
890,546.75
0.2
QUANTA SERVICES INC [PWR]
EQUITY
74762E102
2,859
310.82
888,634.38
0.2
EXPEDIA GROUP INC [EXPE]
EQUITY
30212P303
5,160
171.85
886,746.00
0.2
MARVELL TECHNOLOGY INC [MRVL]
EQUITY
573874104
9,750
90.63
883,642.50
0.2
CONSOLIDATED EDISON INC [ED]
EQUITY
209115104
8,557
98.96
846,800.72
0.2
DELTA AIR LINES INC [DAL]
EQUITY
247361702
13,406
62.32
835,461.92
0.2
STEEL DYNAMICS INC [STLD]
EQUITY
858119100
5,219
154.32
805,396.08
0.2
AGILENT TECHNOLOGIES INC [A]
EQUITY
00846U101
5,787
137.78
797,332.86
0.2
EDISON INTERNATIONAL [EIX]
EQUITY
281020107
9,413
81.17
764,053.21
0.2
RESMED INC [RMD]
EQUITY
761152107
3,051
245.10
747,800.10
0.2
AUTODESK INC [ADSK]
EQUITY
052769106
2,397
302.33
724,685.01
0.2
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
7,121
101.70
724,205.70
0.2
EDWARDS LIFESCIENCES CORP [EW]
EQUITY
28176E108
10,943
65.75
719,502.25
0.2
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
2,605
273.01
711,191.05
0.2
CROWDSTRIKE HOLDINGS INC - A [CRWD]
EQUITY
22788C105
2,207
320.00
706,240.00
0.2
HARTFORD FINANCIAL SVCS GRP [HIG]
EQUITY
416515104
5,951
116.72
694,600.72
0.2
EXTRA SPACE STORAGE INC [EXR]
EQUITY
30225T102
4,291
161.04
691,022.64
0.2
BUILDERS FIRSTSOURCE INC [BLDR]
EQUITY
12008R107
3,770
176.78
666,460.60
0.2
KIMBERLY-CLARK CORP [KMB]
EQUITY
494368103
4,781
131.64
629,370.84
0.2
DTE ENERGY COMPANY [DTE]
EQUITY
233331107
4,860
121.57
590,830.20
0.2
TRADE DESK INC/THE -CLASS A [TTD]
EQUITY
88339J105
4,710
124.81
587,855.10
0.2
FORTINET INC [FTNT]
EQUITY
34959E109
7,136
80.87
577,088.32
0.2
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
2,283
251.80
574,859.40
0.2
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
8,439
67.51
569,716.89
0.2
NASDAQ INC [NDAQ]
EQUITY
631103108
7,281
77.59
564,932.79
0.2
FORD MOTOR CO [F]
EQUITY
345370860
50,920
11.04
562,156.80
0.2
GENERAL MILLS INC [GIS]
EQUITY
370334104
8,456
65.99
558,011.44
0.2
GE HEALTHCARE TECHNOLOGY [GEHC]
EQUITY
36266G107
6,413
86.78
556,520.14
0.2
FAIR ISAAC CORP [FICO]
EQUITY
303250104
264
2,090.63
551,926.32
0.2
AMEREN CORPORATION [AEE]
EQUITY
023608102
6,284
87.77
551,546.68
0.2
MSCI INC [MSCI]
EQUITY
55354G100
940
574.82
540,330.80
0.1
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
1,374
391.16
537,453.84
0.1
BROWN & BROWN INC [BRO]
EQUITY
115236101
4,584
110.81
507,953.04
0.1
CONSTELLATION BRANDS INC-A [STZ]
EQUITY
21036P108
2,199
229.58
504,846.42
0.1
SBA COMMUNICATIONS CORP [SBAC]
EQUITY
78410G104
2,275
218.75
497,656.25
0.1
BOOZ ALLEN HAMILTON HOLDINGS [BAH]
EQUITY
099502106
2,724
179.96
490,211.04
0.1
GARTNER INC [IT]
EQUITY
366651107
901
536.90
483,746.90
0.1
CINCINNATI FINANCIAL CORP [CINF]
EQUITY
172062101
3,171
149.68
474,635.28
0.1
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
2,697
172.50
465,232.50
0.1
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
2,032
225.57
458,358.24
0.1
CBOE GLOBAL MARKETS INC [CBOE]
EQUITY
12503M108
2,147
201.36
432,319.92
0.1
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
5,005
86.14
431,130.70
0.1
HP INC [HPQ]
EQUITY
40434L105
11,468
36.91
423,283.88
0.1
LENNOX INTERNATIONAL INC [LII]
EQUITY
526107107
667
604.78
403,388.26
0.1
PULTEGROUP INC [PHM]
EQUITY
745867101
3,052
129.17
394,226.84
0.1
ESSEX PROPERTY TRUST INC [ESS]
EQUITY
297178105
1,298
293.76
381,300.48
0.1
SOUTHWEST AIRLINES CO [LUV]
EQUITY
844741108
11,471
31.39
360,074.69
0.1
ROCKWELL AUTOMATION INC [ROK]
EQUITY
773903109
1,204
294.00
353,976.00
0.1
MOLINA HEALTHCARE INC [MOH]
EQUITY
60855R100
1,028
326.20
335,333.60
0.1
ANSYS INC [ANSS]
EQUITY
03662Q105
994
333.62
331,618.28
0.1
HEWLETT PACKARD ENTERPRISE [HPE]
EQUITY
42824C109
14,979
21.33
319,502.07
0.1
HUBSPOT INC [HUBS]
EQUITY
443573100
531
597.79
317,426.49
0.1
BROADRIDGE FINANCIAL SOLUTIO [BR]
EQUITY
11133T103
1,409
219.46
309,219.14
0.1
NETAPP INC [NTAP]
EQUITY
64110D104
2,442
121.13
295,799.46
0.1
BUNGE GLOBAL SA [BG]
EQUITY
H11356104
3,193
85.76
273,831.68
0.1
HEALTHPEAK PROPERTIES INC [DOC]
EQUITY
42250P103
11,884
22.33
265,369.72
0.1
ROBLOX CORP -CLASS A [RBLX]
EQUITY
771049103
4,737
52.90
250,587.30
0.1
BIOMARIN PHARMACEUTICAL INC [BMRN]
EQUITY
09061G101
3,785
66.15
250,377.75
0.1
CAMDEN PROPERTY TRUST [CPT]
EQUITY
133131102
2,096
117.44
246,154.24
0.1
ZEBRA TECHNOLOGIES CORP-CL A [ZBRA]
EQUITY
989207105
562
394.02
221,439.24
0.1
FACTSET RESEARCH SYSTEMS INC [FDS]
EQUITY
303075105
455
478.47
217,703.85
0.1
JACOBS SOLUTIONS INC [J]
EQUITY
46982L108
1,357
147.62
200,320.34
0.1
TERADYNE INC [TER]
EQUITY
880770102
1,704
109.00
185,736.00
0.1
MONGODB INC [MDB]
EQUITY
60937P106
650
280.98
182,637.00
0.0
TRIMBLE INC [TRMB]
EQUITY
896239100
2,500
72.64
181,600.00
0.0
EPAM SYSTEMS INC [EPAM]
EQUITY
29414B104
652
202.69
132,153.88
0.0
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
2,313
49.94
115,511.22
0.0
AMENTUM HOLDINGS INC [AMTM]
EQUITY
023939101
1,357
31.00
42,067.00
0.0
Total
--
--
--
--
--
366,727
100.3
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
-0.3
Total Net Assets
--
--
--
--
--
--
100%

As of 10/31/2024

Human Capital Factor US Large Cap ETF (HAPI)

CIBC Human Capital Index

-

Information Technology

HAPI: 28.0%

Benchmark: 28.0%

-

Financials

HAPI: 14.0%

Benchmark: 14.0%

-

Communication Services

HAPI: 12.4%

Benchmark: 12.4%

-

Health Care

HAPI: 12.3%

Benchmark: 12.3%

-

Consumer Discretionary

HAPI: 10.2%

Benchmark: 10.2%

-

Industrials

HAPI: 8.5%

Benchmark: 8.5%

-

Consumer Staples

HAPI: 5.1%

Benchmark: 5.1%

-

Energy

HAPI: 3.4%

Benchmark: 3.4%

-

Utilities

HAPI: 2.4%

Benchmark: 2.4%

-

Real Estate

HAPI: 2.0%

Benchmark: 2.0%

-

Materials

HAPI: 1.8%

Benchmark: 1.8%

-

Cash

HAPI: 0.0%

Benchmark: NaN%

HAPI: Human Capital Factor US Large Cap ETF

Benchmark: CIBC Human Capital Index

Investment Team


Harbor Capital Advisors, Inc. dark blue logo on white background

The Fund employs an indexing investment approach designed to track the performance of the CIBC Human Capital Index (“The Index”). The Fund invests at least 80% of its total assets in securities that are included in the Index.

The Index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. The Index was developed by the Canadian Imperial Bank of Commerce (CIBC, the “Index Provider”).

Harbor Capital serves as the investment adviser.


Documents

Important Information

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. The Fund may not exactly track the performance of the Index with perfect accuracy at all times. Tracking error may occur because of pricing differences, timing and costs incurred by the fund or during times of heightened market volatility. The Fund relies on the Index provider's methodology in assessing whether a company may be considered a corporate culture leader. There is no guarantee that the construction methodology will accurately assess a company to include or exclude it from the index which could have an adverse effect on the Fund's returns. The Fund's assets may be concentrated in a particular sector or industries to the extent the Index is concentrated and is subject to the risk that economic, political, or other market conditions that have a negative effect on that sector or industry will negatively impact the value of the Fund.

Companies in the information technology sector can be significantly affected by short product cycles, obsolescence of existing technology, impairment or loss of intellectual property rights, falling prices and profits, competition from new market entrants, government regulation and other factors.

Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

CIBC is a third-party index provider to the Harbor Human Capital Factors US Large Cap ETF

Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.

Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.

30-Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

Alpha refers to excess returns earned on an investment.

The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze. The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.

The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.