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Harbor Human Capital Factor US Large Cap ETF (HAPI)

Ribbon Description

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

NAV as of 9/8/2026
$45.95
NAV Daily Change
-$0.41
NAV YTD Return
12.07%
Net Expense Ratio (%)
0.35
Total Net Assets (million) as of 9/9/2026
$500.846
Benchmark
Human Capital Factor Large Cap Index

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.

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.

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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.

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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 Human Capital Factor Large Cap 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

Investment Team

Harbor Capital Advisors, Inc. dark blue logo on white background
Steve Cook
Elizabeth Despain
Jim Erceg

Learn More

As of 9/8/2026

$45.95

Price (NAV)

-$0.41

NAV Daily Change ($)

-0.88%

NAV Daily Change (%)

12.07%

NAV YTD Return

As of 9/8/2026

10/12/2022

Inception Date

0.35

Expense Ratio (%)

$500.846

Total Net Assets (million)

10,900,000

Shares Outstanding
(As of 9/9/2026)

HAPI

Ticker

41151J877

Cusip

NYSE Arca

Exchange

US41151J8779

ISIN

Foreside Fund Services, LLC

Distributor

Annually

Dividend Frequency

Large Blend

Morningstar Category

Human Capital Factor Large Cap Index

Benchmark

356,547,140

Implied Liquidity™ (Shares)

$16,530,831,799.12

Implied Liquidity

Investment Objective:

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

As of 9/4/2026

$46.37

Bid/Ask Mid Price

$46.36

Closing Market Price

$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)
2025
Q1 2026
Q2 2026
Q3 2026
YTD
Days Traded at a Premium
66
35
23
29
87
Days Traded at a Discount
184
26
39
18
83

0.17%

30-Day Median Bid/Ask Spread

2,272

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Select an option

Loading Performance Data...

3 Mo.
YTD Return
1 Yr.
3 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
Human Capital Factor US Large Cap ETF - at NAV
11.82%
8.24%
17.31%
20.39%
24.84%
0.35%
0.35%
Market Price
11.90%
8.16%
17.28%
20.38%
24.84%
--
--
Human Capital Factor Large Cap Total Return Index
11.91%
8.48%
17.74%
20.83%
25.26%
--
--
S&P 500 Index
15.20%
10.21%
22.32%
20.61%
23.78%
--
--

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 Large Cap 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.

Select an option

Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
12/18/2025
12/18/2025
12/23/2025
0.35551
--
--
0.35551
12/19/2024
12/19/2024
12/25/2024
0.07519
--
--
0.07519
12/20/2023
12/21/2023
12/26/2023
0.28324
0.05303
0.00295
0.33922
12/20/2022
12/21/2022
12/26/2022
0.06304
0.00056
--
0.06360

Holdings

As of 8/31/2026

156

Number of Holdings

1367602.7

Wtd Avg Market Cap ($Mil)

8.52

Price/Book Ratio

27.9

Adjusted Trailing P/E Ratio

32.3

% EPS Growth - Past 3 Yr

22.29

Return on Equity (%)

22.5

Forecasted P/E Ratio

As of 9/4/2026

Company Name [Ticker]
% of Net Assets
AMAZON.COM INC[AMZN]
5.7
NVIDIA CORP[NVDA]
5.6
APPLE INC[AAPL]
5.5
MICROSOFT CORP[MSFT]
5.5
ALPHABET INC-CL A[GOOGL]
4.9
META PLATFORMS INC-CLASS A[META]
4.3
JPMORGAN CHASE & CO[JPM]
3.2
CISCO SYSTEMS INC[CSCO]
3.0
NETFLIX INC[NFLX]
2.4
ELI LILLY & CO[LLY]
2.3
% of Total Holdings:
42.4%

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 9/4/2026

Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
AMAZON.COM INC [AMZN]
EQUITY
023135106
112,166
258.51
28,996,032.66
5.7
NVIDIA CORP [NVDA]
EQUITY
67066G104
121,977
230.36
28,098,621.72
5.6
APPLE INC [AAPL]
EQUITY
037833100
87,178
319.97
27,894,344.66
5.5
MICROSOFT CORP [MSFT]
EQUITY
594918104
55,561
499.70
27,763,831.70
5.5
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
72,936
338.46
24,685,918.56
4.9
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
34,853
616.77
21,496,284.81
4.3
JPMORGAN CHASE & CO [JPM]
EQUITY
46625H100
44,967
358.64
16,126,964.88
3.2
CISCO SYSTEMS INC [CSCO]
EQUITY
17275R102
138,076
109.20
15,077,899.20
3.0
NETFLIX INC [NFLX]
EQUITY
64110L106
154,369
78.25
12,079,374.25
2.4
ELI LILLY & CO [LLY]
EQUITY
532457108
10,281
1,149.36
11,816,570.16
2.3
CHEVRON CORP [CVX]
EQUITY
166764100
49,436
208.60
10,312,349.60
2.0
SALESFORCE INC [CRM]
EQUITY
79466L302
35,436
259.23
9,186,074.28
1.8
KLA CORP [KLAC]
EQUITY
482480100
44,076
185.60
8,180,505.60
1.6
MASTERCARD INC - A [MA]
EQUITY
57636Q104
13,533
579.21
7,838,448.93
1.6
JOHNSON & JOHNSON [JNJ]
EQUITY
478160104
27,365
275.23
7,531,668.95
1.5
COSTCO WHOLESALE CORP [COST]
EQUITY
22160K105
7,923
915.74
7,255,408.02
1.4
ARISTA NETWORKS INC [ANET]
EQUITY
040413205
35,369
193.78
6,853,804.82
1.4
PROCTER & GAMBLE CO/THE [PG]
EQUITY
742718109
46,078
146.44
6,747,662.32
1.3
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
105,477
62.68
6,611,298.36
1.3
MARVELL TECHNOLOGY INC [MRVL]
EQUITY
573874104
29,553
223.55
6,606,573.15
1.3
LAM RESEARCH CORP [LRCX]
EQUITY
512807306
21,181
307.65
6,516,334.65
1.3
GENERAL ELECTRIC [GE]
EQUITY
369604301
17,462
337.12
5,886,789.44
1.2
PHILIP MORRIS INTERNATIONAL [PM]
EQUITY
718172109
30,898
182.53
5,639,811.94
1.1
SERVICENOW INC [NOW]
EQUITY
81762P102
38,878
141.26
5,491,906.28
1.1
CATERPILLAR INC [CAT]
EQUITY
149123101
6,747
813.94
5,491,653.18
1.1
VERIZON COMMUNICATIONS INC [VZ]
EQUITY
92343V104
107,153
50.14
5,372,651.42
1.1
ABBVIE INC [ABBV]
EQUITY
00287Y109
20,723
256.46
5,314,620.58
1.1
MORGAN STANLEY [MS]
EQUITY
617446448
21,158
217.72
4,606,519.76
0.9
AUTOMATIC DATA PROCESSING [ADP]
EQUITY
053015103
16,135
277.62
4,479,398.70
0.9
MERCK & CO. INC. [MRK]
EQUITY
58933Y105
27,633
150.33
4,154,068.89
0.8
PROLOGIS INC [PLD]
EQUITY
74340W103
28,839
137.34
3,960,748.26
0.8
GE VERNOVA INC [GEV]
EQUITY
36828A101
4,174
941.95
3,931,699.30
0.8
WALT DISNEY CO/THE [DIS]
EQUITY
254687106
37,291
105.31
3,927,115.21
0.8
INTUIT INC [INTU]
EQUITY
461202103
11,615
332.70
3,864,310.50
0.8
FREEPORT-MCMORAN INC [FCX]
EQUITY
35671D857
51,442
72.73
3,741,376.66
0.7
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
18,833
193.29
3,640,230.57
0.7
CONSTELLATION ENERGY [CEG]
EQUITY
21037T109
11,394
298.96
3,406,350.24
0.7
SCHWAB (CHARLES) CORP [SCHW]
EQUITY
808513105
30,824
109.29
3,368,754.96
0.7
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
5,818
542.43
3,155,857.74
0.6
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
9,260
326.16
3,020,241.60
0.6
EMERSON ELECTRIC CO [EMR]
EQUITY
291011104
19,067
152.82
2,913,818.94
0.6
S&P GLOBAL INC [SPGI]
EQUITY
78409V104
6,409
443.51
2,842,455.59
0.6
VALERO ENERGY CORP [VLO]
EQUITY
91913Y100
7,503
370.72
2,781,512.16
0.6
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
9,210
292.70
2,695,767.00
0.5
SYNOPSYS INC [SNPS]
EQUITY
871607107
6,735
393.84
2,652,512.40
0.5
AMGEN INC [AMGN]
EQUITY
031162100
6,055
437.23
2,647,427.65
0.5
DEERE & CO [DE]
EQUITY
244199105
3,672
693.53
2,546,642.16
0.5
EATON CORP PLC [ETN]
EQUITY
G29183103
5,937
410.85
2,439,216.45
0.5
MOTOROLA SOLUTIONS INC [MSI]
EQUITY
620076307
4,962
468.05
2,322,464.10
0.5
HEWLETT PACKARD ENTERPRISE [HPE]
EQUITY
42824C109
42,739
52.00
2,222,428.00
0.4
ALTRIA GROUP INC [MO]
EQUITY
02209S103
32,135
68.88
2,213,458.80
0.4
NUCOR CORP [NUE]
EQUITY
670346105
8,335
261.07
2,176,018.45
0.4
PROGRESSIVE CORP [PGR]
EQUITY
743315103
9,647
218.95
2,112,210.65
0.4
LOCKHEED MARTIN CORP [LMT]
EQUITY
539830109
3,853
525.28
2,023,903.84
0.4
DIGITAL REALTY TRUST INC [DLR]
EQUITY
253868103
10,370
188.39
1,953,604.30
0.4
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
985
1,978.36
1,948,684.60
0.4
PARKER HANNIFIN CORP [PH]
EQUITY
701094104
2,016
962.59
1,940,581.44
0.4
PFIZER INC [PFE]
EQUITY
717081103
66,415
28.45
1,889,506.75
0.4
SEMPRA [SRE]
EQUITY
816851109
22,461
84.04
1,887,622.44
0.4
KEYSIGHT TECHNOLOGIES IN [KEYS]
EQUITY
49338L103
5,437
327.21
1,779,040.77
0.4
BLACKSTONE INC [BX]
EQUITY
09260D107
13,046
136.15
1,776,212.90
0.4
AUTODESK INC [ADSK]
EQUITY
052769106
7,975
217.90
1,737,752.50
0.3
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
4,509
366.70
1,653,450.30
0.3
MARSH & MCLENNAN COS [MRSH]
EQUITY
571748102
8,609
185.74
1,599,035.66
0.3
CME GROUP INC [CME]
EQUITY
12572Q105
5,555
281.29
1,562,565.95
0.3
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
8,552
181.94
1,555,950.88
0.3
SS MATERIALS SELECT SECTOR [XLB]
EQUITY
81369Y100
29,603
52.44
1,552,381.32
0.3
MONDELEZ INTERNATIONAL INC-A [MDLZ]
EQUITY
609207105
25,073
61.28
1,536,473.44
0.3
TRANE TECHNOLOGIES PLC [TT]
EQUITY
G8994E103
3,408
447.90
1,526,443.20
0.3
TERADYNE INC [TER]
EQUITY
880770102
4,174
357.03
1,490,243.22
0.3
ONEOK INC [OKE]
EQUITY
682680103
15,469
95.43
1,476,206.67
0.3
CSX CORP [CSX]
EQUITY
126408103
29,189
49.41
1,442,228.49
0.3
QUANTA SERVICES INC [PWR]
EQUITY
74762E102
2,266
624.41
1,414,913.06
0.3
SLB LTD [SLB]
EQUITY
806857108
24,296
57.51
1,397,262.96
0.3
COLGATE-PALMOLIVE CO [CL]
EQUITY
194162103
15,667
88.77
1,390,759.59
0.3
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
4,085
336.51
1,374,643.35
0.3
CONSOLIDATED EDISON INC [ED]
EQUITY
209115104
12,677
107.29
1,360,115.33
0.3
3M CO [MMM]
EQUITY
88579Y101
8,043
168.56
1,355,728.08
0.3
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
4,246
311.18
1,321,270.28
0.3
ROYAL CARIBBEAN CRUISES LTD [RCL]
EQUITY
V7780T103
4,944
265.19
1,311,099.36
0.3
TRAVELERS COS INC/THE [TRV]
EQUITY
89417E109
3,518
369.35
1,299,373.30
0.3
STRYKER CORP [SYK]
EQUITY
863667101
4,231
303.13
1,282,543.03
0.3
CIENA CORP [CIEN]
EQUITY
171779309
3,975
321.00
1,275,975.00
0.3
CUMMINS INC [CMI]
EQUITY
231021106
2,247
560.75
1,260,005.25
0.2
MONSTER BEVERAGE CORP [MNST]
EQUITY
61174X109
28,546
43.82
1,250,885.72
0.2
NORTHROP GRUMMAN CORP [NOC]
EQUITY
666807102
2,390
514.98
1,230,802.20
0.2
OCCIDENTAL PETROLEUM CORP [OXY]
EQUITY
674599105
20,310
60.04
1,219,412.40
0.2
FORD MOTOR CO [F]
EQUITY
345370860
79,600
14.62
1,163,752.00
0.2
AON PLC-CLASS A [AON]
EQUITY
G0403H108
3,426
323.09
1,106,906.34
0.2
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
22,549
47.80
1,077,842.20
0.2
HONEYWELL INTERNATIONAL INC [HON]
EQUITY
438516205
5,079
209.61
1,064,609.19
0.2
WW GRAINGER INC [GWW]
EQUITY
384802104
800
1,324.49
1,059,592.00
0.2
HP INC [HPQ]
EQUITY
40434L105
32,278
32.64
1,053,553.92
0.2
ST SR UTL SL SE SPDR ETF-USD [XLU]
EQUITY
81369Y886
23,924
43.08
1,030,645.92
0.2
EBAY INC [EBAY]
EQUITY
278642103
9,786
103.41
1,011,970.26
0.2
P G & E CORP [PCG]
EQUITY
69331C108
69,921
14.30
999,870.30
0.2
CORTEVA INC [CTVA]
EQUITY
22052L104
11,184
87.86
982,626.24
0.2
UNITED RENTALS INC [URI]
EQUITY
911363109
935
1,009.86
944,219.10
0.2
REGENERON PHARMACEUTICALS [REGN]
EQUITY
75886F107
1,128
827.72
933,668.16
0.2
NIKE INC -CL B [NKE]
EQUITY
654106103
23,846
38.40
915,686.40
0.2
METLIFE INC [MET]
EQUITY
59156R108
9,212
97.62
899,275.44
0.2
CREDO TECHNOLOGY GROUP HOLDI [CRDO]
EQUITY
G25457105
5,145
170.57
877,582.65
0.2
REDDIT INC-CL A [RDDT]
EQUITY
75734B100
5,557
154.46
858,334.22
0.2
EXPEDIA GROUP INC [EXPE]
EQUITY
30212P303
2,843
298.04
847,327.72
0.2
DELTA AIR LINES INC [DAL]
EQUITY
247361702
10,556
80.17
846,274.52
0.2
NASDAQ INC [NDAQ]
EQUITY
631103108
8,475
96.88
821,058.00
0.2
HONEYWELL AEROSPACE INC [HONA]
EQUITY
43849R105
5,079
161.01
817,769.79
0.2
MSCI INC [MSCI]
EQUITY
55354G100
1,407
573.01
806,225.07
0.2
IQVIA HOLDINGS INC [IQV]
EQUITY
46266C105
2,834
267.77
758,860.18
0.2
PRUDENTIAL FINANCIAL INC [PRU]
EQUITY
744320102
6,059
122.02
739,319.18
0.1
AXON ENTERPRISE INC [AXON]
EQUITY
05464C101
1,412
515.67
728,126.04
0.1
VIVMARK RESIDENTIAL [VMRK]
EQUITY
29476L107
11,140
65.35
727,999.00
0.1
EDISON INTERNATIONAL [EIX]
EQUITY
281020107
12,585
56.77
714,450.45
0.1
DR HORTON INC [DHI]
EQUITY
23331A109
4,853
142.75
692,765.75
0.1
EDWARDS LIFESCIENCES CORP [EW]
EQUITY
28176E108
7,541
89.90
677,935.90
0.1
KIMBERLY-CLARK CORP [KMB]
EQUITY
494368103
6,276
104.96
658,728.96
0.1
JACOBS SOLUTIONS INC [J]
EQUITY
46982L108
4,132
146.23
604,222.36
0.1
DUPONT DE NEMOURS INC [DD]
EQUITY
26614N201
4,570
131.59
601,366.30
0.1
HARTFORD INSURANCE GROUP INC [HIG]
EQUITY
416515104
4,345
138.37
601,217.65
0.1
PINTEREST INC- CLASS A [PINS]
EQUITY
72352L106
29,386
20.40
599,474.40
0.1
NATERA INC [NTRA]
EQUITY
632307104
1,778
328.18
583,504.04
0.1
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
5,663
98.10
555,540.30
0.1
INVITATION HOMES INC [INVH]
EQUITY
46187W107
18,803
28.39
533,817.17
0.1
DOLLAR GENERAL CORP [DG]
EQUITY
256677105
3,953
133.21
526,579.13
0.1
TRIMBLE INC [TRMB]
EQUITY
896239100
8,282
59.47
492,530.54
0.1
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
6,130
79.92
489,909.60
0.1
CBOE GLOBAL MARKETS INC [CBOE]
EQUITY
12503M108
1,629
298.38
486,061.02
0.1
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
1,710
266.11
455,048.10
0.1
PULTEGROUP INC [PHM]
EQUITY
745867101
3,560
124.45
443,042.00
0.1
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
3,783
116.68
441,400.44
0.1
CINCINNATI FINANCIAL CORP [CINF]
EQUITY
172062101
2,463
171.10
421,419.30
0.1
RESMED INC [RMD]
EQUITY
761152107
1,796
228.35
410,116.60
0.1
SOFI TECHNOLOGIES INC [SOFI]
EQUITY
83406F102
22,305
18.22
406,397.10
0.1
GENERAL MILLS INC [GIS]
EQUITY
370334104
10,574
38.29
404,878.46
0.1
ZOETIS INC [ZTS]
EQUITY
98978V103
5,320
75.81
403,309.20
0.1
GE HEALTHCARE TECHNOLOGY [GEHC]
EQUITY
36266G107
5,466
68.86
376,388.76
0.1
EQUIFAX INC [EFX]
EQUITY
294429105
2,081
177.05
368,441.05
0.1
MARKEL GROUP INC [MKL]
EQUITY
570535104
201
1,826.72
367,170.72
0.1
BROWN & BROWN INC [BRO]
EQUITY
115236101
4,890
71.42
349,243.80
0.1
HEICO CORP-CLASS A [HEI/A]
EQUITY
422806208
1,297
240.18
311,513.46
0.1
LOEWS CORP [L]
EQUITY
540424108
2,693
109.30
294,344.90
0.1
STERIS PLC [STE]
EQUITY
G8473T100
1,266
224.59
284,330.94
0.1
DRAFTKINGS INC-CL A [DKNG]
EQUITY
26142V105
11,734
24.01
281,733.34
0.1
TEXAS PACIFIC LAND CORP [TPL]
EQUITY
88262P102
738
362.42
267,465.96
0.1
TRADE DESK INC/THE -CLASS A [TTD]
EQUITY
88339J105
17,788
14.43
256,680.84
0.1
INCYTE CORP [INCY]
EQUITY
45337C102
1,975
126.75
250,331.25
0.0
LULULEMON ATHLETICA INC [LULU]
EQUITY
550021109
2,124
100.61
213,695.64
0.0
TRADEWEB MARKETS INC-CLASS A [TW]
EQUITY
892672106
1,717
106.20
182,345.40
0.0
LENNOX INTERNATIONAL INC [LII]
EQUITY
526107107
462
390.53
180,424.86
0.0
APTIV PLC [APTV]
EQUITY
G3265R107
3,272
47.95
156,892.40
0.0
BUILDERS FIRSTSOURCE INC [BLDR]
EQUITY
12008R107
2,093
65.79
137,698.47
0.0
INSULET CORP [PODD]
EQUITY
45784P101
896
147.48
132,142.08
0.0
MOBILITY GLOBAL INC [MBGL]
EQUITY
60744M106
6,409
20.58
131,897.22
0.0
RYAN SPECIALTY HOLDINGS INC [RYAN]
EQUITY
78351F107
2,139
41.91
89,645.49
0.0
AMER SPORTS INC [AS]
EQUITY
G0260P102
2,743
29.53
81,000.79
0.0
VERSIGENT PLC [VGNT]
EQUITY
G9600F104
1,090
50.22
54,739.80
0.0
Total
--
--
--
--
--
504,817,622.22
100.4
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
-0.4
Total Net Assets
--
--
--
--
--
--
100.0

As of 8/31/2026

Sector Breakdown

Information Technology

HAPI

32.6%

Benchmark

32.6%

Communication Services

HAPI

14.2%

Benchmark

14.2%

Financials

HAPI

12.2%

Benchmark

12.2%

Industrials

HAPI

9.5%

Benchmark

9.5%

Consumer Discretionary

HAPI

9.2%

Benchmark

9.2%

Health Care

HAPI

8.4%

Benchmark

8.4%

Consumer Staples

HAPI

5.6%

Benchmark

5.6%

Energy

HAPI

3.4%

Benchmark

3.4%

Utilities

HAPI

1.8%

Benchmark

1.8%

Real Estate

HAPI

1.4%

Benchmark

1.4%

Materials

HAPI

1.4%

Benchmark

1.4%

Non-Energy Materials

HAPI

0.3%

Benchmark

0.3%

Cash

HAPI

<0.1%

Benchmark

0.0%

HAPI: Human Capital Factor US Large Cap ETF

Benchmark: Human Capital Factor Large Cap Total Return 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 Human Capital Factor Large 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 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.

Steve Cook

Steve Cook

Chief Operating Officer

Elizabeth Despain

Elizabeth Despain

Associate Index Portfolio Manager

Jim Erceg

Jim Erceg

Head of Product

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.

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 is the risk‑adjusted excess return of an investment relative to the return of a benchmark index.