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Harbor Human Capital Factor US Small Cap ETF (HAPS)

Linking strong corporate culture and potential equity value in the small cap arena.

Harbor Human Capital Factor US Small Cap ETF (HAPS)

Linking strong corporate culture and potential equity value in the small cap arena.

Welcome
Overview
Performance
Holdings
Investment Team
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Why Invest Section?

1. HAPS offers access to an equally-weighted portfolio of companies that produce the highest Human Capital Factor® (HCF®) scores. HAPS, featuring the HCF®, is off and running for investors that are ready for a fresh approach to getting differentiated exposure to the market.

2. HAPS is a cost-efficient way to gain access to a diversified and a distinct strategy focused on human capital.

3. HAPS represents an objective and systematic way to invest in small cap companies that best manage human capital based on proprietary methodology used by the index that HAPS tracks.

Overview: Objective & Investment Approach

Investment Objective: The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Human Capital Factor Small Cap Index (the "Index").

Investment Approach: HAPS's distinct composition of companies aim to recognize the power of their people, selected by a distinctive team of well-known researchers using an objective and systematic way - the HCF ® - to identify and invest in small cap companies that best manage human capital based on a proprietary methodology. Sector neutral and market-cap weighted to the Solactive United States 2000 Index.

A Potential 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 score 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.
  • HAPS offers exposure to smaller capitalization companies with strong Human Capital Factor scores while constraining sectors to in an effort enhance overall diversification.

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
|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
|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

Related Funds to Consider

Overview

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

Current Price

As of 12/9/2024

$31.49

Price (NAV)

-$0.27

NAV Daily Change ($)

-0.85%

NAV Daily Change (%)

11.75%

NAV YTD Return

$31.52

Market Price

-$0.27

Market Daily Change ($)

-0.85%

Market Daily Change (%)

11.81%

Market YTD Return

Fund Facts

As of 12/9/2024

4/12/2023

Inception Date

0.60

Expense Ratio (%)
disclaimer

$143.27

Total Net Assets (million)

4,550,000

Shares Outstanding
(As of 12/10/2024)

HAPS

Ticker

41151J851

Cusip

NYSE

Exchange

US41151J8514

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Small Cap Blend

Morningstar Category

CIBC Human Capital Factor Small Cap Index

Benchmark

543,497

Implied Liquidity™ (Shares)
disclaimer

$17,261,650.05

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Human Capital Factor Small Cap Index (the “Index”).

Pricing/Trading

As of 12/9/2024

$31.52

Bid/Ask Mid Price

$31.52

Closing Market Price

$0.03

Premium/Discount ($)

0.10%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

YTD

Days Traded at a Premium8742345949184
Days Traded at a Discount9418295052

0.23%

30-Day Median Bid/Ask Spread

18

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 Small Cap ETF - at NAV
9.67%
4.26%
21.22%
12.85%
0.60%disclaimer
0.60%
Market Price
9.78%
4.33%
21.39%
12.93%
--
--
Human Capital Factor Small Cap Index
9.80%
4.78%
22.06%
13.58%
--
--
Russell 2000® Index
9.27%
11.17%
26.76%
18.63%
--
--

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 Human Capital Factor Small Cap Index is designed to deliver exposure to equity securities of U.S. companies that possess strong human capital, based on proprietary scoring methodology produced by Irrational Capital LLC. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Russell 2000® Index measures the performance of the small-cap segment of the US equity universe. It is a subset of the Russell 3000® and includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Index and Russell® are trademarks of Frank Russell Company.

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
0.11815
--
--
0.11815

Holdings

Portfolio Characteristics

As of 11/30/2024

182

Number of Holdings

3744.1

Wtd Avg Market Cap ($Mil)

3.4

Price/Book Ratio

21.8

Adjusted Trailing P/E Ratio

29.9

% EPS Growth - Past 3 Yr

9.1

Return on Equity (%)

20.5

Forecasted P/E Ratio

Top Ten Holdings

As of 12/9/2024

Company Name [Ticker]

% of Net Assets

ARMSTRONG WORLD INDUSTRIES[AWI]
2.0
PHILLIPS EDISON & COMPANY IN[PECO]
2.0
CABOT CORP[CBT]
1.9
MOOG INC-CLASS A[MOG/A]
1.9
AVNET INC[AVT]
1.8
PTC THERAPEUTICS INC[PTCT]
1.8
APPLE HOSPITALITY REIT INC[APLE]
1.7
BRINKER INTERNATIONAL INC[EAT]
1.7
NATIONAL STORAGE AFFILIATES[NSA]
1.5
GRAND CANYON EDUCATION INC[LOPE]
1.5
% of Total Holdings:
17.8%

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 12/9/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

ARMSTRONG WORLD INDUSTRIES [AWI]
EQUITY
04247X102
18,434
156.22
2,879,759.48
2.0
PHILLIPS EDISON & COMPANY IN [PECO]
EQUITY
71844V201
72,890
39.20
2,857,288.00
2.0
CABOT CORP [CBT]
EQUITY
127055101
25,941
106.54
2,763,754.14
1.9
MOOG INC-CLASS A [MOG/A]
EQUITY
615394202
12,774
210.16
2,684,583.84
1.9
AVNET INC [AVT]
EQUITY
053807103
46,660
54.75
2,554,635.00
1.8
PTC THERAPEUTICS INC [PTCT]
EQUITY
69366J200
52,924
48.06
2,543,527.44
1.8
APPLE HOSPITALITY REIT INC [APLE]
EQUITY
03784Y200
153,097
16.17
2,475,578.49
1.7
BRINKER INTERNATIONAL INC [EAT]
EQUITY
109641100
19,641
122.76
2,411,129.16
1.7
NATIONAL STORAGE AFFILIATES [NSA]
EQUITY
637870106
50,122
43.56
2,183,314.32
1.5
GRAND CANYON EDUCATION INC [LOPE]
EQUITY
38526M106
12,580
165.37
2,080,354.60
1.5
ARCELLX INC [ACLX]
EQUITY
03940C100
23,602
82.95
1,957,785.90
1.4
NUVALENT INC-A [NUVL]
EQUITY
670703107
20,642
93.91
1,938,490.22
1.4
GRANITE CONSTRUCTION INC [GVA]
EQUITY
387328107
20,063
96.09
1,927,853.67
1.3
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
41,227
43.65
1,799,558.55
1.3
HERC HOLDINGS INC [HRI]
EQUITY
42704L104
7,782
229.07
1,782,622.74
1.2
TPG INC [TPG]
EQUITY
872657101
26,087
68.14
1,777,568.18
1.2
TEREX CORP [TEX]
EQUITY
880779103
33,761
52.54
1,773,802.94
1.2
HAMILTON LANE INC-CLASS A [HLNE]
EQUITY
407497106
10,022
176.80
1,771,889.60
1.2
ONE GAS INC [OGS]
EQUITY
68235P108
24,403
72.35
1,765,557.05
1.2
YETI HOLDINGS INC [YETI]
EQUITY
98585X104
40,327
43.47
1,753,014.69
1.2
RHYTHM PHARMACEUTICALS INC [RYTM]
EQUITY
76243J105
30,429
57.41
1,746,928.89
1.2
SPIRE INC [SR]
EQUITY
84857L101
24,769
69.87
1,730,610.03
1.2
AGIOS PHARMACEUTICALS INC [AGIO]
EQUITY
00847X104
33,965
48.64
1,652,057.60
1.2
TRAVEL + LEISURE CO [TNL]
EQUITY
894164102
30,556
53.95
1,648,496.20
1.2
INSPERITY INC [NSP]
EQUITY
45778Q107
19,254
83.60
1,609,634.40
1.1
RADIAN GROUP INC [RDN]
EQUITY
750236101
46,634
33.64
1,568,767.76
1.1
DUTCH BROS INC-CLASS A [BROS]
EQUITY
26701L100
28,805
53.25
1,533,866.25
1.1
RESIDEO TECHNOLOGIES INC [REZI]
EQUITY
76118Y104
56,461
26.99
1,523,882.39
1.1
SURGERY PARTNERS INC [SGRY]
EQUITY
86881A100
67,390
22.25
1,499,427.50
1.0
PIPER SANDLER COS [PIPR]
EQUITY
724078100
4,539
325.68
1,478,261.52
1.0
INVENTRUST PROPERTIES CORP [IVT]
EQUITY
46124J201
47,606
30.97
1,474,357.82
1.0
LIBERTY ENERGY INC [LBRT]
EQUITY
53115L104
81,928
17.42
1,427,185.76
1.0
MOELIS & CO - CLASS A [MC]
EQUITY
60786M105
18,859
75.60
1,425,740.40
1.0
KOSMOS ENERGY LTD [KOS]
EQUITY
500688106
389,022
3.62
1,408,259.64
1.0
AURORA INNOVATION INC [AUR]
EQUITY
051774107
173,138
7.62
1,319,311.56
0.9
COPA HOLDINGS SA-CLASS A [CPA]
EQUITY
P31076105
14,937
87.55
1,307,734.35
0.9
SENSIENT TECHNOLOGIES CORP [SXT]
EQUITY
81725T100
16,430
78.00
1,281,540.00
0.9
ALTAIR ENGINEERING INC - A [ALTR]
EQUITY
021369103
11,746
106.83
1,254,825.18
0.9
ZETA GLOBAL HOLDINGS CORP-A [ZETA]
EQUITY
98956A105
52,826
22.97
1,213,413.22
0.8
LAUREATE EDUCATION INC [LAUR]
EQUITY
518613203
64,073
18.39
1,178,302.47
0.8
PRICESMART INC [PSMT]
EQUITY
741511109
12,112
95.21
1,153,183.52
0.8
TARSUS PHARMACEUTICALS INC [TARS]
EQUITY
87650L103
22,243
50.66
1,126,830.38
0.8
CHEESECAKE FACTORY INC/THE [CAKE]
EQUITY
163072101
23,042
48.76
1,123,527.92
0.8
ALBANY INTL CORP-CL A [AIN]
EQUITY
012348108
13,631
82.04
1,118,287.24
0.8
APPFOLIO INC - A [APPF]
EQUITY
03783C100
4,252
255.87
1,087,959.24
0.8
WALKER & DUNLOP INC [WD]
EQUITY
93148P102
10,036
107.12
1,075,056.32
0.8
INVESCO S&P SMALLCAP ENERGY [PSCE]
EQUITY
46138G474
21,519
49.89
1,073,582.91
0.7
POWELL INDUSTRIES INC [POWL]
EQUITY
739128106
4,117
257.77
1,061,239.09
0.7
ACI WORLDWIDE INC [ACIW]
EQUITY
004498101
19,700
53.87
1,061,239.00
0.7
JBG SMITH PROPERTIES [JBGS]
EQUITY
46590V100
63,699
16.60
1,057,403.40
0.7
HURON CONSULTING GROUP INC [HURN]
EQUITY
447462102
8,601
122.16
1,050,698.16
0.7
UPWORK INC [UPWK]
EQUITY
91688F104
57,689
17.49
1,008,980.61
0.7
CENTURY COMMUNITIES INC [CCS]
EQUITY
156504300
11,439
88.19
1,008,805.41
0.7
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
67,676
14.62
989,423.12
0.7
STEPSTONE GROUP INC-CLASS A [STEP]
EQUITY
85914M107
16,362
59.82
978,774.84
0.7
FIRST HAWAIIAN INC [FHB]
EQUITY
32051X108
35,572
27.39
974,317.08
0.7
WORKIVA INC [WK]
EQUITY
98139A105
9,113
102.32
932,442.16
0.7
BOX INC - CLASS A [BOX]
EQUITY
10316T104
27,699
32.56
901,879.44
0.6
UPSTART HOLDINGS INC [UPST]
EQUITY
91680M107
11,790
76.39
900,638.10
0.6
LGI HOMES INC [LGIH]
EQUITY
50187T106
8,152
109.47
892,399.44
0.6
AMN HEALTHCARE SERVICES INC [AMN]
EQUITY
001744101
31,348
28.06
879,624.88
0.6
BRIGHTHOUSE FINANCIAL INC [BHF]
EQUITY
10922N103
17,512
50.10
877,351.20
0.6
BREAD FINANCIAL HOLDINGS INC [BFH]
EQUITY
018581108
13,407
64.44
863,947.08
0.6
DELEK US HOLDINGS INC [DK]
EQUITY
24665A103
46,422
18.33
850,915.26
0.6
INTAPP INC [INTA]
EQUITY
45827U109
12,674
67.06
849,918.44
0.6
TRIPADVISOR INC [TRIP]
EQUITY
896945201
59,424
14.01
832,530.24
0.6
COLLEGIUM PHARMACEUTICAL INC [COLL]
EQUITY
19459J104
27,163
30.61
831,459.43
0.6
TRONOX HOLDINGS PLC [TROX]
EQUITY
G9087Q102
69,149
12.02
831,170.98
0.6
WAFD INC [WAFD]
EQUITY
938824109
22,715
35.89
815,241.35
0.6
ATLAS ENERGY SOLUTIONS INC [AESI]
EQUITY
642045108
33,931
22.70
770,233.70
0.5
PEDIATRIX MEDICAL GROUP INC [MD]
EQUITY
58502B106
53,417
14.32
764,931.44
0.5
TOWNE BANK [TOWN]
EQUITY
89214P109
19,828
36.74
728,480.72
0.5
TERADATA CORP [TDC]
EQUITY
88076W103
22,127
32.42
717,357.34
0.5
BUCKLE INC/THE [BKE]
EQUITY
118440106
13,455
52.77
710,020.35
0.5
CENTRAL GARDEN AND PET CO-A [CENTA]
EQUITY
153527205
20,024
34.96
700,039.04
0.5
PALOMAR HOLDINGS INC [PLMR]
EQUITY
69753M105
6,471
107.38
694,855.98
0.5
UNDER ARMOUR INC-CLASS A [UAA]
EQUITY
904311107
66,388
10.18
675,829.84
0.5
BANNER CORPORATION [BANR]
EQUITY
06652V208
9,116
73.78
672,578.48
0.5
FORMFACTOR INC [FORM]
EQUITY
346375108
15,564
42.89
667,539.96
0.5
CASTLE BIOSCIENCES INC [CSTL]
EQUITY
14843C105
21,419
30.91
662,061.29
0.5
IMPINJ INC [PI]
EQUITY
453204109
4,139
159.22
659,011.58
0.5
GLOBALSTAR INC [GSAT]
EQUITY
378973408
310,529
2.11
655,216.19
0.5
FIRST MERCHANTS CORP [FRME]
EQUITY
320817109
15,202
42.78
650,341.56
0.5
CIMPRESS PLC [CMPR]
EQUITY
G2143T103
7,544
83.17
627,434.48
0.4
ALARM.COM HOLDINGS INC [ALRM]
EQUITY
011642105
9,133
68.27
623,509.91
0.4
SONOS INC [SONO]
EQUITY
83570H108
41,700
14.88
620,496.00
0.4
IDT CORP-CLASS B [IDT]
EQUITY
448947507
11,402
53.24
607,042.48
0.4
WINNEBAGO INDUSTRIES [WGO]
EQUITY
974637100
10,479
57.46
602,123.34
0.4
NELNET INC-CL A [NNI]
EQUITY
64031N108
5,552
108.30
601,281.60
0.4
ENTERPRISE FINANCIAL SERVICE [EFSC]
EQUITY
293712105
10,054
59.37
596,905.98
0.4
TRUSTMARK CORP [TRMK]
EQUITY
898402102
15,749
37.85
596,099.65
0.4
CRA INTERNATIONAL INC [CRAI]
EQUITY
12618T105
3,237
182.54
590,881.98
0.4
PROGRESS SOFTWARE CORP [PRGS]
EQUITY
743312100
8,537
68.71
586,577.27
0.4
ALLEGIANT TRAVEL CO [ALGT]
EQUITY
01748X102
7,033
82.26
578,534.58
0.4
FLYWIRE CORP-VOTING [FLYW]
EQUITY
302492103
27,464
20.99
576,469.36
0.4
KFORCE INC [KFRC]
EQUITY
493732101
9,290
60.78
564,646.20
0.4
JFROG LTD [FROG]
EQUITY
M6191J100
18,130
30.93
560,760.90
0.4
WESBANCO INC [WSBC]
EQUITY
950810101
15,816
35.44
560,519.04
0.4
MERCURY GENERAL CORP [MCY]
EQUITY
589400100
7,540
73.92
557,356.80
0.4
PATHWARD FINANCIAL INC [CASH]
EQUITY
59100U108
6,705
82.64
554,101.20
0.4
STEELCASE INC-CL A [SCS]
EQUITY
858155203
40,654
13.46
547,202.84
0.4
RAPID7 INC [RPD]
EQUITY
753422104
12,971
41.62
539,853.02
0.4
PRIVIA HEALTH GROUP INC [PRVA]
EQUITY
74276R102
24,850
21.51
534,523.50
0.4
CARGURUS INC [CARG]
EQUITY
141788109
14,107
37.87
534,232.09
0.4
VERTEX INC - CLASS A [VERX]
EQUITY
92538J106
9,518
55.01
523,585.18
0.4
KURA ONCOLOGY INC [KURA]
EQUITY
50127T109
49,660
10.53
522,919.80
0.4
SCANSOURCE INC [SCSC]
EQUITY
806037107
9,991
51.93
518,832.63
0.4
DOLE PLC [DOLE]
EQUITY
G27907107
34,682
14.68
509,131.76
0.4
INVESCO S&P SMALLCAP FINANCI [PSCF]
EQUITY
46138E156
8,438
59.777
504,394.95
0.4
CALIX INC [CALX]
EQUITY
13100M509
14,312
34.97
500,490.64
0.3
DIGITALOCEAN HOLDINGS INC [DOCN]
EQUITY
25402D102
12,531
39.03
489,084.93
0.3
OXFORD INDUSTRIES INC [OXM]
EQUITY
691497309
5,806
81.44
472,840.64
0.3
BRAZE INC-A [BRZE]
EQUITY
10576N102
10,891
41.80
455,243.80
0.3
VIAVI SOLUTIONS INC [VIAV]
EQUITY
925550105
43,350
10.49
454,741.50
0.3
PAR TECHNOLOGY CORP/DEL [PAR]
EQUITY
698884103
5,733
77.20
442,587.60
0.3
VERITEX HOLDINGS INC [VBTX]
EQUITY
923451108
14,797
29.61
438,139.17
0.3
EXTREME NETWORKS INC [EXTR]
EQUITY
30226D106
24,875
17.58
437,302.50
0.3
HILLTOP HOLDINGS INC [HTH]
EQUITY
432748101
13,511
32.17
434,648.87
0.3
IRONWOOD PHARMACEUTICALS INC [IRWD]
EQUITY
46333X108
100,194
3.98
398,772.12
0.3
CULLINAN THERAPEUTICS INC [CGEM]
EQUITY
230031106
30,927
12.70
392,772.90
0.3
LIVE OAK BANCSHARES INC [LOB]
EQUITY
53803X105
8,618
45.30
390,395.40
0.3
OPENDOOR TECHNOLOGIES INC [OPEN]
EQUITY
683712103
178,454
2.18
389,029.72
0.3
SPARTANNASH CO [SPTN]
EQUITY
847215100
19,790
19.01
376,207.90
0.3
ASANA INC - CL A [ASAN]
EQUITY
04342Y104
14,782
24.87
367,628.34
0.3
BEAZER HOMES USA INC [BZH]
EQUITY
07556Q881
10,353
32.83
339,888.99
0.2
KOPPERS HOLDINGS INC [KOP]
EQUITY
50060P106
9,683
34.95
338,420.85
0.2
INFINERA CORP [INFN]
EQUITY
45667G103
50,367
6.60
332,422.20
0.2
EXP WORLD HOLDINGS INC [EXPI]
EQUITY
30212W100
25,451
13.00
330,863.00
0.2
INVESCO S&P SMALLCAP INDUSTR [PSCI]
EQUITY
46138E123
2,270
144.60
328,242.00
0.2
RYERSON HOLDING CORP [RYI]
EQUITY
783754104
13,336
24.45
326,065.20
0.2
SPROUT SOCIAL INC - CLASS A [SPT]
EQUITY
85209W109
9,600
33.22
318,912.00
0.2
OCEANFIRST FINANCIAL CORP [OCFC]
EQUITY
675234108
15,426
19.88
306,668.88
0.2
USANA HEALTH SCIENCES INC [USNA]
EQUITY
90328M107
7,920
38.16
302,227.20
0.2
VERVE THERAPEUTICS INC [VERV]
EQUITY
92539P101
41,787
7.19
300,448.53
0.2
CSG SYSTEMS INTL INC [CSGS]
EQUITY
126349109
5,346
53.69
287,026.74
0.2
ORIGIN BANCORP INC [OBK]
EQUITY
68621T102
7,740
36.03
278,872.20
0.2
FIRST WATCH RESTAURANT GROUP [FWRG]
EQUITY
33748L101
14,575
18.97
276,487.75
0.2
REGENXBIO INC [RGNX]
EQUITY
75901B107
25,757
10.17
261,948.69
0.2
ALKAMI TECHNOLOGY INC [ALKT]
EQUITY
01644J108
6,766
38.16
258,190.56
0.2
VIASAT INC [VSAT]
EQUITY
92552V100
26,478
9.53
252,335.34
0.2
A10 NETWORKS INC [ATEN]
EQUITY
002121101
13,567
18.40
249,632.80
0.2
SCHRODINGER INC [SDGR]
EQUITY
80810D103
11,395
21.67
246,929.65
0.2
INVESCO S&P SMALLCAP MATERIA [PSCM]
EQUITY
46138G201
2,983
82.22
245,263.15
0.2
LIMBACH HOLDINGS INC [LMB]
EQUITY
53263P105
2,568
93.63
240,441.84
0.2
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
42,587
5.56
236,783.72
0.2
ARLO TECHNOLOGIES INC [ARLO]
EQUITY
04206A101
17,716
13.14
232,788.24
0.2
FRANKLIN COVEY CO [FC]
EQUITY
353469109
6,313
36.75
232,002.75
0.2
PROASSURANCE CORP [PRA]
EQUITY
74267C106
13,735
16.84
231,297.40
0.2
PLAYAGS INC [AGS]
EQUITY
72814N104
20,053
11.47
230,007.91
0.2
COURSERA INC [COUR]
EQUITY
22266M104
25,750
8.56
220,420.00
0.2
CARS.COM INC [CARS]
EQUITY
14575E105
11,108
19.14
212,607.12
0.1
GRID DYNAMICS HOLDINGS INC [GDYN]
EQUITY
39813G109
10,967
19.17
210,237.39
0.1
CERTARA INC [CERT]
EQUITY
15687V109
17,562
11.51
202,138.62
0.1
BYLINE BANCORP INC [BY]
EQUITY
124411109
6,468
31.16
201,542.88
0.1
MERCHANTS BANCORP/IN [MBIN]
EQUITY
58844R108
4,979
38.45
191,442.55
0.1
AMC NETWORKS INC-A [AMCX]
EQUITY
00164V103
19,417
9.63
186,985.71
0.1
YEXT INC [YEXT]
EQUITY
98585N106
20,250
8.52
172,530.00
0.1
N-ABLE INC [NABL]
EQUITY
62878D100
15,265
10.35
157,992.75
0.1
HAVERTY FURNITURE [HVT]
EQUITY
419596101
6,655
23.72
157,856.60
0.1
HEALTHSTREAM INC [HSTM]
EQUITY
42222N103
4,632
32.19
149,104.08
0.1
IROBOT CORP [IRBT]
EQUITY
462726100
15,686
9.19
144,154.34
0.1
TABOOLA.COM LTD [TBLA]
EQUITY
M8744T106
33,245
4.01
133,312.45
0.1
CHEGG INC [CHGG]
EQUITY
163092109
49,898
2.65
132,229.70
0.1
RESOURCES CONNECTION INC [RGP]
EQUITY
76122Q105
15,378
8.57
131,789.46
0.1
UDEMY INC [UDMY]
EQUITY
902685106
15,794
8.32
131,406.08
0.1
COUCHBASE INC [BASE]
EQUITY
22207T101
6,771
15.90
107,658.90
0.1
ZIPRECRUITER INC-A [ZIP]
EQUITY
98980B103
13,087
8.20
107,313.40
0.1
ADTRAN HOLDINGS INC [ADTN]
EQUITY
00486H105
12,037
8.58
103,277.46
0.1
XPERI INC [XPER]
EQUITY
98423J101
10,157
9.80
99,538.60
0.1
NEWTEKONE INC [NEWT]
EQUITY
652526203
6,580
14.20
93,436.00
0.1
HEALTH CATALYST INC [HCAT]
EQUITY
42225T107
10,950
8.34
91,323.00
0.1
BIGCOMMERCE HOLDINGS-SER 1 [BIGC]
EQUITY
08975P108
11,228
7.73
86,792.44
0.1
MITEK SYSTEMS INC [MITK]
EQUITY
606710200
8,960
9.23
82,700.80
0.1
ENFUSION INC - CLASS A [ENFN]
EQUITY
292812104
7,881
10.34
81,489.54
0.1
ALTA EQUIPMENT GROUP INC [ALTG]
EQUITY
02128L106
9,595
8.02
76,951.90
0.1
GOPRO INC-CLASS A [GPRO]
EQUITY
38268T103
53,192
1.34
71,277.28
0.0
RE/MAX HOLDINGS INC-CL A [RMAX]
EQUITY
75524W108
5,612
12.43
69,757.16
0.0
SEMRUSH HOLDINGS INC-A [SEMR]
EQUITY
81686C104
4,318
13.69
59,113.42
0.0
EVENTBRITE INC-CLASS A [EB]
EQUITY
29975E109
13,294
3.95
52,511.30
0.0
HOMESTREET INC [HMST]
EQUITY
43785V102
4,236
11.56
48,968.16
0.0
DOMO INC - CLASS B [DOMO]
EQUITY
257554105
5,932
7.90
46,862.80
0.0
VERA BRADLEY INC [VRA]
EQUITY
92335C106
8,411
5.50
46,260.50
0.0
Total
--
--
--
--
--
143,126
100.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
-0.1
Total Net Assets
--
--
--
--
--
--
100%

As of 11/30/2024

Human Capital Factor US Small Cap ETF (HAPS)

Human Capital Factor Small Cap Index

-

Financials

HAPS: 17.3%

Benchmark: 17.3%

-

Industrials

HAPS: 16.8%

Benchmark: 16.8%

-

Health Care

HAPS: 15.5%

Benchmark: 15.5%

-

Information Technology

HAPS: 15.2%

Benchmark: 15.2%

-

Consumer Discretionary

HAPS: 12.8%

Benchmark: 12.8%

-

Real Estate

HAPS: 7.6%

Benchmark: 7.6%

-

Energy

HAPS: 4.0%

Benchmark: 4.0%

-

Materials

HAPS: 3.9%

Benchmark: 3.9%

-

Utilities

HAPS: 2.6%

Benchmark: 2.6%

-

Communication Services

HAPS: 2.3%

Benchmark: 2.3%

-

Consumer Staples

HAPS: 2.1%

Benchmark: 2.0%

-

Non-Energy Materials

HAPS: 0.2%

Benchmark: 0.2%

-

Cash

HAPS: 0.0%

Benchmark: NaN%

HAPS: Human Capital Factor US Small Cap ETF

Benchmark: Human Capital Factor Small Cap 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 Factor Small Cap 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 200 small cap 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.

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.

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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. 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. The Fund’s assets may be concentrated in a particular sector, industry or group of industries to the extent the Index is so concentrated and could subject the Fund to the risk that economic, political or other conditions that have a negative effect on the Fund. There can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees may determine to liquidate the Fund.

CIBC is a third-party index provider to the Harbor Corporate Culture Small 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.

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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.