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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 9/30/2024

$29.38

Price (NAV)

$0.10

NAV Daily Change ($)

0.34%

NAV Daily Change (%)

4.26%

NAV YTD Return

$29.41

Market Price

$0.10

Market Daily Change ($)

0.34%

Market Daily Change (%)

4.33%

Market YTD Return

Fund Facts

As of 9/30/2024

4/12/2023

Inception Date

0.60

Expense Ratio (%)
disclaimer

$133.673

Total Net Assets (million)

4,550,000

Shares Outstanding
(As of 10/1/2024)

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

512,025

Implied Liquidity™ (Shares)
disclaimer

$14,990,201.09

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 9/30/2024

$29.41

Bid/Ask Mid Price

$29.41

Closing Market Price

$0.03

Premium/Discount ($)

0.09%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

YTD

Days Traded at a Premium87423459135
Days Traded at a Discount941829552

0.24%

30-Day Median Bid/Ask Spread

--

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 8/31/2024

188

Number of Holdings

3244.5

Wtd Avg Market Cap ($Mil)

3.04

Price/Book Ratio

18.8

Adjusted Trailing P/E Ratio

29.8

% EPS Growth - Past 3 Yr

9.1

Return on Equity (%)

17.4

Forecasted P/E Ratio

Top Ten Holdings

As of 9/30/2024

Company Name [Ticker]

% of Net Assets

CABOT CORP[CBT]
2.2
PHILLIPS EDISON & COMPANY IN[PECO]
2.0
ARMSTRONG WORLD INDUSTRIES[AWI]
2.0
MOOG INC-CLASS A[MOG/A]
1.9
ARCELLX INC[ACLX]
1.7
APPLE HOSPITALITY REIT INC[APLE]
1.7
NUVALENT INC-A[NUVL]
1.6
AVNET INC[AVT]
1.6
RHYTHM PHARMACEUTICALS INC[RYTM]
1.6
NATIONAL STORAGE AFFILIATES[NSA]
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 9/30/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

CABOT CORP [CBT]
EQUITY
127055101
25,952
111.77
2,900,655.04
2.2
PHILLIPS EDISON & COMPANY IN [PECO]
EQUITY
71844V201
71,871
37.71
2,710,255.41
2.0
ARMSTRONG WORLD INDUSTRIES [AWI]
EQUITY
04247X102
19,927
131.43
2,619,005.61
2.0
MOOG INC-CLASS A [MOG/A]
EQUITY
615394202
12,344
202.02
2,493,734.88
1.9
ARCELLX INC [ACLX]
EQUITY
03940C100
27,896
83.51
2,329,594.96
1.7
APPLE HOSPITALITY REIT INC [APLE]
EQUITY
03784Y200
153,435
14.85
2,278,509.75
1.7
NUVALENT INC-A [NUVL]
EQUITY
670703107
21,516
102.30
2,201,086.80
1.6
AVNET INC [AVT]
EQUITY
053807103
40,258
54.31
2,186,411.98
1.6
RHYTHM PHARMACEUTICALS INC [RYTM]
EQUITY
76243J105
41,368
52.39
2,167,269.52
1.6
NATIONAL STORAGE AFFILIATES [NSA]
EQUITY
637870106
41,751
48.20
2,012,398.20
1.5
PTC THERAPEUTICS INC [PTCT]
EQUITY
69366J200
54,014
37.10
2,003,919.40
1.5
KB HOME [KBH]
EQUITY
48666K109
22,480
85.69
1,926,311.20
1.4
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
40,303
47.33
1,907,540.99
1.4
GRAND CANYON EDUCATION INC [LOPE]
EQUITY
38526M106
13,387
141.85
1,898,945.95
1.4
TEREX CORP [TEX]
EQUITY
880779103
33,058
52.91
1,749,098.78
1.3
ONE GAS INC [OGS]
EQUITY
68235P108
23,459
74.42
1,745,818.78
1.3
AGIOS PHARMACEUTICALS INC [AGIO]
EQUITY
00847X104
39,090
44.43
1,736,768.70
1.3
SURGERY PARTNERS INC [SGRY]
EQUITY
86881A100
53,460
32.24
1,723,550.40
1.3
HAMILTON LANE INC-CLASS A [HLNE]
EQUITY
407497106
9,902
168.39
1,667,397.78
1.2
KOSMOS ENERGY LTD [KOS]
EQUITY
500688106
407,527
4.03
1,642,333.81
1.2
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
79,205
20.55
1,627,662.75
1.2
BRINKER INTERNATIONAL INC [EAT]
EQUITY
109641100
20,709
76.53
1,584,859.77
1.2
SPIRE INC [SR]
EQUITY
84857L101
23,535
67.29
1,583,670.15
1.2
RESIDEO TECHNOLOGIES INC [REZI]
EQUITY
76118Y104
78,319
20.14
1,577,344.66
1.2
RADIAN GROUP INC [RDN]
EQUITY
750236101
44,897
34.69
1,557,476.93
1.2
TRAVEL + LEISURE CO [TNL]
EQUITY
894164102
33,668
46.08
1,551,421.44
1.2
LIBERTY ENERGY INC [LBRT]
EQUITY
53115L104
80,844
19.09
1,543,311.96
1.2
YETI HOLDINGS INC [YETI]
EQUITY
98585X104
36,830
41.03
1,511,134.90
1.1
INSPERITY INC [NSP]
EQUITY
45778Q107
16,690
88.00
1,468,720.00
1.1
GRANITE CONSTRUCTION INC [GVA]
EQUITY
387328107
18,326
79.28
1,452,885.28
1.1
MOELIS & CO - CLASS A [MC]
EQUITY
60786M105
20,857
68.51
1,428,913.07
1.1
PIPER SANDLER COS [PIPR]
EQUITY
724078100
4,965
283.81
1,409,116.65
1.1
TPG INC [TPG]
EQUITY
872657101
24,026
57.56
1,382,936.56
1.0
HERC HOLDINGS INC [HRI]
EQUITY
42704L104
8,506
159.43
1,356,111.58
1.0
INVENTRUST PROPERTIES CORP [IVT]
EQUITY
46124J201
43,546
28.37
1,235,400.02
0.9
ALBANY INTL CORP-CL A [AIN]
EQUITY
012348108
13,889
88.85
1,234,037.65
0.9
COPA HOLDINGS SA-CLASS A [CPA]
EQUITY
P31076105
13,000
93.84
1,219,920.00
0.9
PRICESMART INC [PSMT]
EQUITY
741511109
12,377
91.78
1,135,961.06
0.8
WALKER & DUNLOP INC [WD]
EQUITY
93148P102
9,226
113.59
1,047,981.34
0.8
SENSIENT TECHNOLOGIES CORP [SXT]
EQUITY
81725T100
13,036
80.22
1,045,747.92
0.8
POWELL INDUSTRIES INC [POWL]
EQUITY
739128106
4,583
221.99
1,017,380.17
0.8
DELEK US HOLDINGS INC [DK]
EQUITY
24665A103
52,832
18.75
990,600.00
0.7
LAUREATE EDUCATION INC [LAUR]
EQUITY
518613203
58,870
16.61
977,830.70
0.7
ALTAIR ENGINEERING INC - A [ALTR]
EQUITY
021369103
10,017
95.51
956,723.67
0.7
AURORA INNOVATION INC [AUR]
EQUITY
051774107
160,259
5.92
948,733.28
0.7
CENTURY COMMUNITIES INC [CCS]
EQUITY
156504300
9,100
102.98
937,118.00
0.7
CHEESECAKE FACTORY INC/THE [CAKE]
EQUITY
163072101
23,110
40.55
937,110.50
0.7
TRONOX HOLDINGS PLC [TROX]
EQUITY
G9087Q102
63,588
14.63
930,292.44
0.7
BRIGHTHOUSE FINANCIAL INC [BHF]
EQUITY
10922N103
20,550
45.03
925,366.50
0.7
KURA ONCOLOGY INC [KURA]
EQUITY
50127T109
47,295
19.54
924,144.30
0.7
IMPINJ INC [PI]
EQUITY
453204109
4,217
216.52
913,064.84
0.7
COLLEGIUM PHARMACEUTICAL INC [COLL]
EQUITY
19459J104
23,388
38.64
903,712.32
0.7
TRIPADVISOR INC [TRIP]
EQUITY
896945201
61,320
14.49
888,526.80
0.7
JBG SMITH PROPERTIES [JBGS]
EQUITY
46590V100
50,228
17.48
877,985.44
0.7
FIRST HAWAIIAN INC [FHB]
EQUITY
32051X108
37,856
23.15
876,366.40
0.7
ACI WORLDWIDE INC [ACIW]
EQUITY
004498101
17,214
50.90
876,192.60
0.7
AMN HEALTHCARE SERVICES INC [AMN]
EQUITY
001744101
20,389
42.39
864,289.71
0.6
DUTCH BROS INC-CLASS A [BROS]
EQUITY
26701L100
26,976
32.03
864,041.28
0.6
HURON CONSULTING GROUP INC [HURN]
EQUITY
447462102
7,856
108.70
853,947.20
0.6
STEPSTONE GROUP INC-CLASS A [STEP]
EQUITY
85914M107
14,909
56.83
847,278.47
0.6
APPFOLIO INC - A [APPF]
EQUITY
03783C100
3,581
235.40
842,967.40
0.6
BOX INC - CLASS A [BOX]
EQUITY
10316T104
25,333
32.73
829,149.09
0.6
WAFD INC [WAFD]
EQUITY
938824109
23,470
34.85
817,929.50
0.6
LGI HOMES INC [LGIH]
EQUITY
50187T106
6,765
118.52
801,787.80
0.6
CIMPRESS PLC [CMPR]
EQUITY
G2143T103
9,392
81.92
769,392.64
0.6
ZETA GLOBAL HOLDINGS CORP-A [ZETA]
EQUITY
98956A105
24,946
29.83
744,139.18
0.6
FORMFACTOR INC [FORM]
EQUITY
346375108
15,705
46.00
722,430.00
0.5
IRONWOOD PHARMACEUTICALS INC [IRWD]
EQUITY
46333X108
168,071
4.12
692,452.52
0.5
UPWORK INC [UPWK]
EQUITY
91688F104
65,490
10.45
684,370.50
0.5
WORKIVA INC [WK]
EQUITY
98139A105
8,523
79.12
674,339.76
0.5
FIRST MERCHANTS CORP [FRME]
EQUITY
320817109
18,100
37.20
673,320.00
0.5
BREAD FINANCIAL HOLDINGS INC [BFH]
EQUITY
018581108
14,127
47.58
672,162.66
0.5
ATLAS ENERGY SOLUTIONS INC [AESI]
EQUITY
642045108
30,689
21.80
669,020.20
0.5
TOWNE BANK [TOWN]
EQUITY
89214P109
19,362
33.06
640,107.72
0.5
PALOMAR HOLDINGS INC [PLMR]
EQUITY
69753M105
6,757
94.67
639,685.19
0.5
TERADATA CORP [TDC]
EQUITY
88076W103
20,949
30.34
635,592.66
0.5
BUCKLE INC/THE [BKE]
EQUITY
118440106
14,022
43.97
616,547.34
0.5
BANNER CORPORATION [BANR]
EQUITY
06652V208
10,302
59.56
613,587.12
0.5
GLOBALSTAR INC [GSAT]
EQUITY
378973408
489,755
1.24
607,296.20
0.5
TARSUS PHARMACEUTICALS INC [TARS]
EQUITY
87650L103
18,105
32.89
595,473.45
0.4
JFROG LTD [FROG]
EQUITY
M6191J100
20,124
29.04
584,400.96
0.4
NELNET INC-CL A [NNI]
EQUITY
64031N108
5,087
113.28
576,255.36
0.4
ENTERPRISE FINANCIAL SERVICE [EFSC]
EQUITY
293712105
11,125
51.26
570,267.50
0.4
SCANSOURCE INC [SCSC]
EQUITY
806037107
11,606
48.03
557,436.18
0.4
ALLEGIANT TRAVEL CO [ALGT]
EQUITY
01748X102
10,076
55.06
554,784.56
0.4
ALARM.COM HOLDINGS INC [ALRM]
EQUITY
011642105
10,117
54.67
553,096.39
0.4
TRUSTMARK CORP [TRMK]
EQUITY
898402102
17,356
31.82
552,267.92
0.4
PEDIATRIX MEDICAL GROUP INC [MD]
EQUITY
58502B106
47,468
11.59
550,154.12
0.4
STEELCASE INC-CL A [SCS]
EQUITY
858155203
40,662
13.49
548,530.38
0.4
CRA INTERNATIONAL INC [CRAI]
EQUITY
12618T105
3,073
175.32
538,758.36
0.4
PROGRESS SOFTWARE CORP [PRGS]
EQUITY
743312100
7,962
67.37
536,399.94
0.4
WINNEBAGO INDUSTRIES [WGO]
EQUITY
974637100
9,018
58.11
524,035.98
0.4
WESBANCO INC [WSBC]
EQUITY
950810101
17,281
29.78
514,628.18
0.4
KFORCE INC [KFRC]
EQUITY
493732101
8,346
61.45
512,861.70
0.4
FLYWIRE CORP-VOTING [FLYW]
EQUITY
302492103
31,131
16.39
510,237.09
0.4
LIVE OAK BANCSHARES INC [LOB]
EQUITY
53803X105
10,763
47.37
509,843.31
0.4
PRIVIA HEALTH GROUP INC [PRVA]
EQUITY
74276R102
27,951
18.21
508,987.71
0.4
PATHWARD FINANCIAL INC [CASH]
EQUITY
59100U108
7,493
66.01
494,612.93
0.4
SONOS INC [SONO]
EQUITY
83570H108
39,134
12.29
480,956.86
0.4
SQUARESPACE INC - CLASS A [SQSP]
EQUITY
85225A107
10,317
46.43
479,018.31
0.4
RAPID7 INC [RPD]
EQUITY
753422104
11,845
39.89
472,497.05
0.4
CENTRAL GARDEN AND PET CO-A [CENTA]
EQUITY
153527205
14,638
31.40
459,633.20
0.3
MERCURY GENERAL CORP [MCY]
EQUITY
589400100
7,258
62.98
457,108.84
0.3
CASTLE BIOSCIENCES INC [CSTL]
EQUITY
14843C105
15,659
28.52
446,594.68
0.3
DOLE PLC [DOLE]
EQUITY
G27907107
27,393
16.29
446,231.97
0.3
HILLTOP HOLDINGS INC [HTH]
EQUITY
432748101
13,794
32.16
443,615.04
0.3
OXFORD INDUSTRIES INC [OXM]
EQUITY
691497309
5,063
86.76
439,265.88
0.3
CALIX INC [CALX]
EQUITY
13100M509
11,317
38.79
438,986.43
0.3
VERITEX HOLDINGS INC [VBTX]
EQUITY
923451108
16,599
26.32
436,885.68
0.3
IDT CORP-CLASS B [IDT]
EQUITY
448947507
11,408
38.17
435,443.36
0.3
OPENDOOR TECHNOLOGIES INC [OPEN]
EQUITY
683712103
210,137
2.00
420,274.00
0.3
UNDER ARMOUR INC-CLASS A [UAA]
EQUITY
904311107
47,095
8.91
419,616.45
0.3
UPSTART HOLDINGS INC [UPST]
EQUITY
91680M107
10,418
40.01
416,824.18
0.3
EXP WORLD HOLDINGS INC [EXPI]
EQUITY
30212W100
27,632
14.09
389,334.88
0.3
ENVESTNET INC [ENV]
EQUITY
29404K106
6,179
62.62
386,928.98
0.3
DIGITALOCEAN HOLDINGS INC [DOCN]
EQUITY
25402D102
9,404
40.39
379,827.56
0.3
REGENXBIO INC [RGNX]
EQUITY
75901B107
36,082
10.49
378,500.18
0.3
VERTEX INC - CLASS A [VERX]
EQUITY
92538J106
9,788
38.51
376,935.88
0.3
VIAVI SOLUTIONS INC [VIAV]
EQUITY
925550105
40,962
9.02
369,477.24
0.3
KOPPERS HOLDINGS INC [KOP]
EQUITY
50060P106
10,083
36.53
368,331.99
0.3
SPARTANNASH CO [SPTN]
EQUITY
847215100
16,314
22.41
365,596.74
0.3
CULLINAN THERAPEUTICS INC [CGEM]
EQUITY
230031106
21,362
16.74
357,599.88
0.3
RYERSON HOLDING CORP [RYI]
EQUITY
783754104
17,472
19.91
347,867.52
0.3
BEAZER HOMES USA INC [BZH]
EQUITY
07556Q881
10,099
34.17
345,082.83
0.3
BRAZE INC-A [BRZE]
EQUITY
10576N102
10,482
32.34
338,987.88
0.3
EXTREME NETWORKS INC [EXTR]
EQUITY
30226D106
22,551
15.03
338,941.53
0.3
USANA HEALTH SCIENCES INC [USNA]
EQUITY
90328M107
8,859
37.92
335,933.28
0.3
OCEANFIRST FINANCIAL CORP [OCFC]
EQUITY
675234108
17,815
18.59
331,180.85
0.2
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
45,738
7.22
330,228.36
0.2
SPROUT SOCIAL INC - CLASS A [SPT]
EQUITY
85209W109
10,978
29.07
319,130.46
0.2
PAR TECHNOLOGY CORP/DEL [PAR]
EQUITY
698884103
5,910
52.08
307,792.80
0.2
CARGURUS INC [CARG]
EQUITY
141788109
9,877
30.03
296,606.31
0.2
ORIGIN BANCORP INC [OBK]
EQUITY
68621T102
8,889
32.16
285,870.24
0.2
INFINERA CORP [INFN]
EQUITY
45667G103
41,711
6.75
281,549.25
0.2
INTAPP INC [INTA]
EQUITY
45827U109
5,539
47.83
264,930.37
0.2
INVESCO S&P SMALLCAP FINANCI [PSCF]
EQUITY
46138E156
4,699
55.36
260,136.64
0.2
VERVE THERAPEUTICS INC [VERV]
EQUITY
92539P101
53,524
4.84
259,056.16
0.2
ARLO TECHNOLOGIES INC [ARLO]
EQUITY
04206A101
21,181
12.11
256,501.91
0.2
CSG SYSTEMS INTL INC [CSGS]
EQUITY
126349109
5,271
48.65
256,434.15
0.2
VIASAT INC [VSAT]
EQUITY
92552V100
21,402
11.94
255,539.88
0.2
SCHRODINGER INC [SDGR]
EQUITY
80810D103
13,059
18.55
242,244.45
0.2
CERTARA INC [CERT]
EQUITY
15687V109
20,144
11.71
235,886.24
0.2
POWERSCHOOL HOLDINGS INC-A [PWSC]
EQUITY
73939C106
10,284
22.81
234,578.04
0.2
MERCHANTS BANCORP/IN [MBIN]
EQUITY
58844R108
5,047
44.96
226,913.12
0.2
FRANKLIN COVEY CO [FC]
EQUITY
353469109
5,468
41.13
224,898.84
0.2
FIRST WATCH RESTAURANT GROUP [FWRG]
EQUITY
33748L101
14,153
15.60
220,786.80
0.2
CARS.COM INC [CARS]
EQUITY
14575E105
12,733
16.76
213,405.08
0.2
COURSERA INC [COUR]
EQUITY
22266M104
26,424
7.94
209,806.56
0.2
PROASSURANCE CORP [PRA]
EQUITY
74267C106
13,839
15.04
208,138.56
0.2
LIMBACH HOLDINGS INC [LMB]
EQUITY
53263P105
2,736
75.76
207,279.36
0.2
AMC NETWORKS INC-A [AMCX]
EQUITY
00164V103
23,828
8.69
207,065.32
0.2
BYLINE BANCORP INC [BY]
EQUITY
124411109
7,635
26.77
204,388.95
0.2
ASANA INC - CL A [ASAN]
EQUITY
04342Y104
16,974
11.59
196,728.66
0.1
ALKAMI TECHNOLOGY INC [ALKT]
EQUITY
01644J108
6,112
31.54
192,772.48
0.1
PLAYAGS INC [AGS]
EQUITY
72814N104
16,489
11.39
187,809.71
0.1
A10 NETWORKS INC [ATEN]
EQUITY
002121101
12,566
14.44
181,453.04
0.1
HAVERTY FURNITURE [HVT]
EQUITY
419596101
6,117
27.47
168,033.99
0.1
N-ABLE INC [NABL]
EQUITY
62878D100
12,412
13.06
162,100.72
0.1
RESOURCES CONNECTION INC [RGP]
EQUITY
76122Q105
15,774
9.70
153,007.80
0.1
YEXT INC [YEXT]
EQUITY
98585N106
22,002
6.92
152,253.84
0.1
UDEMY INC [UDMY]
EQUITY
902685106
20,433
7.44
152,021.52
0.1
GRID DYNAMICS HOLDINGS INC [GDYN]
EQUITY
39813G109
9,867
14.00
138,138.00
0.1
HEALTHSTREAM INC [HSTM]
EQUITY
42222N103
4,595
28.84
132,519.80
0.1
CHEGG INC [CHGG]
EQUITY
163092109
71,804
1.77
127,093.08
0.1
ALTA EQUIPMENT GROUP INC [ALTG]
EQUITY
02128L106
18,543
6.74
124,979.82
0.1
SPIRIT AIRLINES INC [SAVE]
EQUITY
848577102
51,852
2.40
124,444.80
0.1
ZIPRECRUITER INC-A [ZIP]
EQUITY
98980B103
12,762
9.50
121,239.00
0.1
MITEK SYSTEMS INC [MITK]
EQUITY
606710200
13,337
8.67
115,631.79
0.1
ENFUSION INC - CLASS A [ENFN]
EQUITY
292812104
11,887
9.49
112,807.63
0.1
COUCHBASE INC [BASE]
EQUITY
22207T101
6,968
16.12
112,324.16
0.1
ADTRAN HOLDINGS INC [ADTN]
EQUITY
00486H105
18,906
5.93
112,112.58
0.1
IROBOT CORP [IRBT]
EQUITY
462726100
12,147
8.69
105,557.43
0.1
BIGCOMMERCE HOLDINGS-SER 1 [BIGC]
EQUITY
08975P108
17,179
5.85
100,497.15
0.1
HEALTH CATALYST INC [HCAT]
EQUITY
42225T107
11,764
8.14
95,758.96
0.1
NEWTEKONE INC [NEWT]
EQUITY
652526203
7,542
12.46
93,973.32
0.1
TABOOLA.COM LTD [TBLA]
EQUITY
M8744T106
26,957
3.36
90,575.52
0.1
XPERI INC [XPER]
EQUITY
98423J101
8,901
9.24
82,245.24
0.1
HOMESTREET INC [HMST]
EQUITY
43785V102
4,577
15.76
72,133.52
0.1
EVENTBRITE INC-CLASS A [EB]
EQUITY
29975E109
23,477
2.73
64,092.21
0.0
SEMRUSH HOLDINGS INC-A [SEMR]
EQUITY
81686C104
3,893
15.71
61,159.03
0.0
GOPRO INC-CLASS A [GPRO]
EQUITY
38268T103
44,966
1.36
61,153.76
0.0
RE/MAX HOLDINGS INC-CL A [RMAX]
EQUITY
75524W108
4,243
12.45
52,825.35
0.0
DOMO INC - CLASS B [DOMO]
EQUITY
257554105
6,401
7.51
48,071.51
0.0
VERA BRADLEY INC [VRA]
EQUITY
92335C106
7,218
5.46
39,410.28
0.0
MULTIPLAN CORP [MPLN]
EQUITY
62548M209
2,397.05
7.64
18,313.46
0.0
INVESCO S&P SMALLCAP ENERGY [PSCE]
EQUITY
46138G474
354
49.06
17,367.24
0.0
Total
--
--
--
--
--
133,688
100.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
-0.1
Total Net Assets
--
--
--
--
--
--
100%

As of 8/31/2024

Human Capital Factor US Small Cap ETF (HAPS)

Human Capital Factor Small Cap Index

-

Health Care

HAPS: 17.3%

Benchmark: 17.3%

-

Financials

HAPS: 17.0%

Benchmark: 17.0%

-

Industrials

HAPS: 16.4%

Benchmark: 16.3%

-

Information Technology

HAPS: 14.6%

Benchmark: 14.6%

-

Consumer Discretionary

HAPS: 12.5%

Benchmark: 12.5%

-

Real Estate

HAPS: 7.4%

Benchmark: 7.4%

-

Energy

HAPS: 4.1%

Benchmark: 4.1%

-

Materials

HAPS: 4.1%

Benchmark: 4.0%

-

Utilities

HAPS: 2.4%

Benchmark: 2.4%

-

Communication Services

HAPS: 2.2%

Benchmark: 2.3%

-

Consumer Staples

HAPS: 2.1%

Benchmark: 2.1%

-

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.