Select Investor Profilechevron

What type of investor are you?

Individual Investor
Institutional Investor
phone iconContact

Harbor AlphaEdge Large Cap Value ETF (VLLU)

Large cap value equity exposure seeking to generate meaningful alpha at a competitive cost

Harbor AlphaEdge Large Cap Value ETF (VLLU)

Large cap value equity exposure seeking to generate meaningful alpha at a competitive cost

Welcome
Overview
Performance
Holdings
Investment Team
Documents
chevron

Request a Call


Locate Your Harbor Consultant
INSTITUTIONAL INVESTORS ONLY: Please enter your zip code to locate an Investment Consultant.

Finding efficiencies in your portfolio

  • The Harbor AlphaEdge Large Cap Value (VLLU) employs a self-indexing investment approach designed to track the performance of the Harbor AlphaEdge Large-Cap Value Index.
  • VLLU seeks to capitalize on the significant opportunity to replace higher-cost active products or existing Russell 1000 Value beta exposure with a more efficient (high alpha/cost ratio) solution.
  • Designed to offer cost-effective, factor-based large cap value exposure, VLLU is backed by Harbor’s Multi-Asset Solutions Team’s proprietary stock selection model.

Overview

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

Current Price

As of 11/6/2024

$21.84

Price (NAV)

$0.84

NAV Daily Change ($)

4.00%

NAV Daily Change (%)

7.96%

NAV YTD Return

$21.84

Market Price

$0.84

Market Daily Change ($)

4.00%

Market Daily Change (%)

--

Market YTD Return

Fund Facts

As of 11/6/2024

9/4/2024

Inception Date

0.25

Expense Ratio (%)
disclaimer

$2.184

Total Net Assets (million)

100,000

Shares Outstanding
(As of 11/7/2024)

VLLU

Ticker

41151J778

Cusip

NYSE

Exchange

US41151J7789

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annual

Dividend Frequency

Large Cap Value

Morningstar Category

Harbor AlphaEdge Large Cap Value Index

Benchmark

10,645,026

Implied Liquidity™ (Shares)
disclaimer

$223,547,653.72

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Harbor AlphaEdge Large Cap Value Index.

Pricing/Trading

As of 11/6/2024

$21.85

Bid/Ask Mid Price

$21.84

Closing Market Price

$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)

 

Q3 2024

Q4 2024

YTD

Days Traded at a Premium172643
Days Traded at a Discount112

0.14%

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

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

AlphaEdge Large Cap Value ETF - at NAV
2.57%
0.25%disclaimer
0.25%
Harbor AlphaEdge Large Cap Value Index
2.53%
--
--
Russell 1000® Value Index
2.67%
--
--

Performance data shown represents past performance and is no guarantee of future results. 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 Harbor AlphaEdge Large Cap Value Index is comprised of a subset of securities within the US equity market that are determined to be attractively valued while exhibiting strong fundamental characteristics.  The index is constructed using a proprietary rules-based stock selection model developed by the Index Sponsor and weighted using an optimization approach.

The Russell 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Frank Russell Company.

Chart

Sorry, there is no data available for this section

Holdings

Portfolio Characteristics

As of 10/31/2024

75

Number of Holdings

128699.9

Wtd Avg Market Cap ($Mil)

2.26

Price/Book Ratio

14.8

Adjusted Trailing P/E Ratio

32.4

% EPS Growth - Past 3 Yr

17.55

Return on Equity (%)

14.1

Forecasted P/E Ratio

Top Ten Holdings

As of 11/6/2024

Company Name [Ticker]

% of Net Assets

EMCOR GROUP INC[EME]
3.3
JPMORGAN CHASE & CO[JPM]
3.1
AMERICAN EXPRESS CO[AXP]
3.1
ALTRIA GROUP INC[MO]
3.0
CHEVRON CORP[CVX]
3.0
DISCOVER FINANCIAL SERVICES[DFS]
3.0
HARTFORD FINANCIAL SVCS GRP[HIG]
2.9
EXXON MOBIL CORP[XOM]
2.9
BERKSHIRE HATHAWAY INC-CL B[BRK/B]
2.9
AT&T INC[T]
2.8
% of Total Holdings:
30.0%

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

EMCOR GROUP INC [EME]
EQUITY
29084Q100
143
501.88
71,768.84
3.3
JPMORGAN CHASE & CO [JPM]
EQUITY
46625H100
276
247.06
68,188.56
3.1
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
226
295.16
66,706.16
3.1
ALTRIA GROUP INC [MO]
EQUITY
02209S103
1,227
54.29
66,613.83
3.0
CHEVRON CORP [CVX]
EQUITY
166764100
418
157.72
65,926.96
3.0
DISCOVER FINANCIAL SERVICES [DFS]
EQUITY
254709108
354
182.55
64,622.70
3.0
HARTFORD FINANCIAL SVCS GRP [HIG]
EQUITY
416515104
551
116.72
64,312.72
2.9
EXXON MOBIL CORP [XOM]
EQUITY
30231G102
530
121.00
64,130.00
2.9
BERKSHIRE HATHAWAY INC-CL B [BRK/B]
EQUITY
084670702
134
468.90
62,832.60
2.9
AT&T INC [T]
EQUITY
00206R102
2,774
22.32
61,915.68
2.8
HP INC [HPQ]
EQUITY
40434L105
1,676
36.91
61,861.16
2.8
BEST BUY CO INC [BBY]
EQUITY
086516101
689
89.40
61,596.60
2.8
CENCORA INC [COR]
EQUITY
03073E105
250
245.38
61,345.00
2.8
SYSCO CORP [SYY]
EQUITY
871829107
795
77.01
61,222.95
2.8
COGNIZANT TECH SOLUTIONS-A [CTSH]
EQUITY
192446102
669
79.40
53,118.60
2.4
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
1,155
45.41
52,448.55
2.4
GILEAD SCIENCES INC [GILD]
EQUITY
375558103
550
91.69
50,429.50
2.3
EOG RESOURCES INC [EOG]
EQUITY
26875P101
393
127.20
49,989.60
2.3
JACKSON FINANCIAL INC-A [JXN]
EQUITY
46817M107
438
113.74
49,818.12
2.3
TARGET CORP [TGT]
EQUITY
87612E106
331
147.29
48,752.99
2.2
COMCAST CORP-CLASS A [CMCSA]
EQUITY
20030N101
1,025
45.14
46,268.50
2.1
THE CIGNA GROUP [CI]
EQUITY
125523100
136
315.22
42,869.92
2.0
KROGER CO [KR]
EQUITY
501044101
698
59.80
41,740.40
1.9
VALERO ENERGY CORP [VLO]
EQUITY
91913Y100
299
138.71
41,474.29
1.9
LOUISIANA-PACIFIC CORP [LPX]
EQUITY
546347105
374
108.14
40,444.36
1.9
H&R BLOCK INC [HRB]
EQUITY
093671105
635
62.52
39,700.20
1.8
MUELLER INDUSTRIES INC [MLI]
EQUITY
624756102
366
95.00
34,770.00
1.6
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
501
67.51
33,822.51
1.5
NRG ENERGY INC [NRG]
EQUITY
629377508
364
92.39
33,629.96
1.5
FLEX LTD [FLEX]
EQUITY
Y2573F102
819
38.98
31,924.62
1.5
MARATHON PETROLEUM CORP [MPC]
EQUITY
56585A102
198
155.25
30,739.50
1.4
PILGRIM'S PRIDE CORP [PPC]
EQUITY
72147K108
530
52.84
28,005.20
1.3
UNIVERSAL HEALTH SERVICES-B [UHS]
EQUITY
913903100
109
203.52
22,183.68
1.0
VERIZON COMMUNICATIONS INC [VZ]
EQUITY
92343V104
504
41.16
20,744.64
0.9
TENET HEALTHCARE CORP [THC]
EQUITY
88033G407
126
160.37
20,206.62
0.9
LOWE'S COS INC [LOW]
EQUITY
548661107
75
261.73
19,629.75
0.9
PROGRESSIVE CORP [PGR]
EQUITY
743315103
71
258.75
18,371.25
0.8
MATSON INC [MATX]
EQUITY
57686G105
107
165.69
17,728.83
0.8
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
131
101.70
13,322.70
0.6
WELLS FARGO & CO [WFC]
EQUITY
949746101
180
72.47
13,044.60
0.6
CAL-MAINE FOODS INC [CALM]
EQUITY
128030202
141
90.71
12,790.11
0.6
FRONTDOOR INC [FTDR]
EQUITY
35905A109
222
57.34
12,729.48
0.6
GRAND CANYON EDUCATION INC [LOPE]
EQUITY
38526M106
76
160.15
12,171.40
0.6
GOLDMAN SACHS GROUP INC [GS]
EQUITY
38141G104
20
595.98
11,919.60
0.5
ALPHA METALLURGICAL RESOURCE [AMR]
EQUITY
020764106
49
241.92
11,854.08
0.5
BANK OF NEW YORK MELLON CORP [BK]
EQUITY
064058100
150
78.20
11,730.00
0.5
DXC TECHNOLOGY CO [DXC]
EQUITY
23355L106
543
21.43
11,636.49
0.5
JABIL INC [JBL]
EQUITY
466313103
84
137.77
11,572.68
0.5
CARDINAL HEALTH INC [CAH]
EQUITY
14149Y108
100
115.58
11,558.00
0.5
GENERAL MOTORS CO [GM]
EQUITY
37045V100
207
55.05
11,395.35
0.5
CONOCOPHILLIPS [COP]
EQUITY
20825C104
100
113.63
11,363.00
0.5
CATERPILLAR INC [CAT]
EQUITY
149123101
27
416.88
11,255.76
0.5
NELNET INC-CL A [NNI]
EQUITY
64031N108
90
124.92
11,242.80
0.5
DROPBOX INC-CLASS A [DBX]
EQUITY
26210C104
400
27.90
11,160.00
0.5
ELEVANCE HEALTH INC [ELV]
EQUITY
036752103
26
428.93
11,152.18
0.5
CITIGROUP INC [C]
EQUITY
172967424
160
69.03
11,044.80
0.5
CHUBB LTD [CB]
EQUITY
H1467J104
39
280.01
10,920.39
0.5
WALT DISNEY CO/THE [DIS]
EQUITY
254687106
110
98.89
10,877.90
0.5
3M CO [MMM]
EQUITY
88579Y101
81
133.92
10,847.52
0.5
BJ'S WHOLESALE CLUB HOLDINGS [BJ]
EQUITY
05550J101
121
89.22
10,795.62
0.5
CRH PLC [CRH]
EQUITY
G25508105
107
99.96
10,695.72
0.5
LEIDOS HOLDINGS INC [LDOS]
EQUITY
525327102
55
194.20
10,681.00
0.5
TE CONNECTIVITY PLC [TEL]
EQUITY
G87052109
69
154.74
10,677.06
0.5
LOEWS CORP [L]
EQUITY
540424108
128
82.76
10,593.28
0.5
RENAISSANCERE HOLDINGS LTD [RNR]
EQUITY
G7496G103
38
277.90
10,560.20
0.5
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
122
86.14
10,509.08
0.5
MAXIMUS INC [MMS]
EQUITY
577933104
117
89.53
10,475.01
0.5
TYSON FOODS INC-CL A [TSN]
EQUITY
902494103
176
59.16
10,412.16
0.5
LENNAR CORP-A [LEN]
EQUITY
526057104
61
168.70
10,290.70
0.5
WILLIAMS-SONOMA INC [WSM]
EQUITY
969904101
78
129.47
10,098.66
0.5
SCORPIO TANKERS INC [STNG]
EQUITY
Y7542C130
178
56.51
10,058.78
0.5
GENERAL MILLS INC [GIS]
EQUITY
370334104
152
65.99
10,030.48
0.5
MGIC INVESTMENT CORP [MTG]
EQUITY
552848103
404
24.69
9,974.76
0.5
ARCHER-DANIELS-MIDLAND CO [ADM]
EQUITY
039483102
185
53.26
9,853.10
0.5
NVR INC [NVR]
EQUITY
62944T105
1
9,202.54
9,202.54
0.4
Total
--
--
--
--
--
2,182
99.7
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.3
Total Net Assets
--
--
--
--
--
--
100%

Sorry, there is no data available for this section

Sorry, there is no data available for this section

Investment Team


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

The Harbor AlphaEdge Large Cap Value ETF (VLLU) employs an indexing investment approach designed to track the performance of the Harbor AlphaEdge™ Large-Cap Value Index. The Index is designed to give exposure to a subset of the U.S. Large-Cap Value universe with both attractive fundamentals and value characteristics.

The index is managed in-house by Harbor’s Multi-Asset Solutions Team and the ETF is managed by our ETF team. VLLU represents an important pillar in Harbor’s growing self-indexing business. The team has fully integrated a systematic workflow for building and maintaining the Harbor AlphaEdge Large-Cap Value Index. The team delivers actionable investment insights and builds multi-asset portfolios and client solutions using proprietary quantitative and qualitative signals. From screening the universe and calculating the index constituent weights to providing index research, the team manages and supports the Harbor AlphaEdge Large-Cap Value Index.


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 perceived as undervalued might not appreciate or realize their full potential, and value-oriented investments may underperform other equity styles at times.

The Fund may not perfectly track its Index due to differences in securities held, transaction costs, or uninvested cash. Legal or regulatory constraints can also affect tracking accuracy, particularly during volatile markets. The Fund aims to track the Index without defensive strategies, which could lead to underperformance compared to funds that actively adjust their portfolios. Errors or flaws in the Index's methodology or data may have adverse impact the Fund's performance.

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.

Beta measures the relative volatility of an investment, as an indication of its relative risk.

3788838 

Blue Background

Connect with us | LinkedIn Logo IconLinktree icon to podcast media links

Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
FINRA Brokercheck logo in white color

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.