CNBC discusses a Harbor ETF focused on employee happiness

HAPI ETF, focusing on employee happiness, outperforms with a 25% rise. It ranks in the top 6% of large blend funds, proving socially responsible investing can be profitable. Read more about this in the CNBC article.

Important Information

Benchmarks

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.

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.

2023 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.

2023 Analyst-Driven 10% and Data Coverage 77%

Past rankings are no guarantee of future rankings. Morningstar rankings are based on a fund's avera¥­within the annual rankings, total return reflects relative certain to all fee funds waivers, in the without same which, Morningstar returns and category. Morningstar Fund performance rankings would used have been percentile lower. rank The is 1 highest (or DO.Morningstar most favorable) Rankings are percentile for the rank fund's is 1 and respective the lowest category, (or least quarterly, favorable) as of and operating 12/31/2023. expenses The Morningstar deducted. Rankings Morningstar are does based not on take total into returns, account with sales distributions charges. The reinvested Harbor 12/31 Human /23): Capital 6th Factor percentile US Large ranking Cap out of ETF 597 ranked funds as based follows: on total Returns returns (inception reported to date as of - 10/12/22-12/31/2023. ranking Returns reported (1 out as YR of of 597 ending 12/31/2023. funds 12/31/2023): based on Information 7th information ratio percentile ratio (inception ranking as of to out date of -12/31/2023. 609 funds 10/12/22-12/31 Information based on /23): Ratio total 1st (1 YR returns percentile ending 12/31/2023): 3rd percentile ranking out of 609 funds based on information ratio as of 12/31/2023.

Expense ratio information is as of the Fund's current prospectus, as supplemented. Gross expenses are the Fund's total annual operating expense.

The information ratio (IR) is a measurement of portfolio returns beyond the returns of a usually an index, compared to the volatility of those returns. The benchmark used is typically benchmark, an index that represents the market or a particular sector or industry.

Alpha refers to excess returns earned on an investment.

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

Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.

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