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Harbor Corporate Culture Leaders ETF (HAPY)

Access a data-driven strategy that seeks to capture the link between strong corporate culture and equity value.

Welcome
Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 1/31/2023

NAV Price

$17.56

NAV Daily Change ($)

$0.40

NAV Daily Change (%)

2.33%

NAV YTD Return

10.72%

Market Price

$17.54

Market Daily Change ($)

$0.38

Market Daily Change (%)

2.21%

Market YTD Return

10.59%

Fund Facts

Inception Date

2/23/2022

Expense Ratio (%)

0.50%disclaimer

Total Net Assets (million)
(As of 2/1/2023)

$10.534

Shares Outstanding
(As of 2/1/2023)

600,000

Ticker

HAPY

Cusip

41151J604

ISIN

US41151J6047

Benchmark

Human Capital Factor Unconstrained Index

Exchange

NYSE

Distributor

Foreside Fund Services, LLC

Investment Objective

Seeks to track the Human Capital Factor Unconstrained Index*

Morningstar Category

--

Dividend Frequency

Annually

Pricing/Trading

as of 1/31/2023

Bid/Ask Mid Price

$17.57

Closing Market Price

$17.54

Premium/Discount ($)

$0.01

Premium/Discount (%)

0.07%

 

2022

Q1 2023

YTD

Days Traded at a Premium2142020
Days Traded at a Discount100
30-Day Median Bid/Ask Spread

0.29%

Exchange Volume (Shares)

1

Trading Currency

USD

Historical Premium Discount to NAV

2022
Q1 2023
left quote

"Of all the investments companies make, creating a strong corporate culture is one of the best ways to create value. This is why employee behavior and motivation can be such an important element of stock market performance."

right quote

Dan Ariely

Behavioral Economist, Co-Founder, Irrational Capital

Performance

Total Returns

MONTH-END
QUARTER-END
YEAR-BY-YEAR
MONTH-BY-MONTH

Fund Name

3 Mo.

YTD Return

Since Inception

Net Expense Ratio

Gross Expense Ratio

Corporate Culture Leaders ETF

9.79%

10.72%

-8.92%

0.50%disclaimer

0.50%

Fund Market Price

9.59%

10.59%

-9.02%

--

--

Human Capital Factor Unconstrained Index

9.97%

10.79%

-8.13%

--

--

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 Human Capital Factor Unconstrained Index is designed to deliver exposure to equity securities of large cap U.S. companies that demonstrate high employee engagement, based on scores produced by Irrational Capital LLC. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

CHART
TABLE

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2022

12/22/2022

12/27/2022

0.02561

--

--

0.02561

Holdings

Portfolio Characteristics

as of 12/31/2022

Corporate Culture Leaders ETF

Number of Holdings

88

Wtd Avg Market Cap ($Mil)

100154.9

Price/Book Ratio

4.67

Adjusted Trailing P/E Ratio

26.6

% EPS Growth - Past 3 Yr

25.6

Return on Equity (%)

10.13

Forecasted P/E Ratio

25.1

Top Ten Holdings

as of 1/31/2023

Company Name [Ticker]

% of Net Assets

SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625[SPOT]

1.5

MARKETAXESS HOLDINGS INC COMMON STOCK USD.003[MKTX]

1.5

ATMOS ENERGY CORP COMMON STOCK[ATO]

1.4

PULTEGROUP INC COMMON STOCK USD.01[PHM]

1.4

THOUGHTWORKS HOLDING INC COMMON STOCK USD.001[TWKS]

1.4

META PLATFORMS INC CLASS A COMMON STOCK USD.000006[META]

1.4

TRADEWEB MARKETS INC CLASS A COMMON STOCK USD.01[TW]

1.4

ULTRAGENYX PHARMACEUTICAL IN COMMON STOCK USD.001[RARE]

1.4

MONGODB INC COMMON STOCK USD.001[MDB]

1.4

LIBERTY MEDIA CORP LIBERTY C TRACKING STK USD.01[FWONK]

1.3

% of Total Holdings:

14.1%

This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.

as of 1/31/2023

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625 [SPOT]

Equity

LUXEMBOURG

L8681T102

1,373

112.72

154,764.56

1.5

MARKETAXESS HOLDINGS INC COMMON STOCK USD.003 [MKTX]

Equity

UNITED STATES

57060D108

425

363.85

154,636.25

1.5

ATMOS ENERGY CORP COMMON STOCK [ATO]

Equity

UNITED STATES

049560105

1,284

117.54

150,921.36

1.4

PULTEGROUP INC COMMON STOCK USD.01 [PHM]

Equity

UNITED STATES

745867101

2,644

56.89

150,417.16

1.4

THOUGHTWORKS HOLDING INC COMMON STOCK USD.001 [TWKS]

Equity

UNITED STATES

88546E105

13,899

10.80

150,109.20

1.4

META PLATFORMS INC CLASS A COMMON STOCK USD.000006 [META]

Equity

UNITED STATES

30303M102

1,000

148.97

148,970.00

1.4

TRADEWEB MARKETS INC CLASS A COMMON STOCK USD.01 [TW]

Equity

UNITED STATES

892672106

1,943

74.54

144,831.22

1.4

ULTRAGENYX PHARMACEUTICAL IN COMMON STOCK USD.001 [RARE]

Equity

UNITED STATES

90400D108

3,195

45.33

144,829.35

1.4

MONGODB INC COMMON STOCK USD.001 [MDB]

Equity

UNITED STATES

60937P106

665

214.21

142,449.65

1.4

LIBERTY MEDIA CORP LIBERTY C TRACKING STK USD.01 [FWONK]

Equity

UNITED STATES

531229854

1,992

70.80

141,033.60

1.3

COPA HOLDINGS SA CLASS A COMMON STOCK [CPA]

Equity

PANAMA

P31076105

1,513

92.08

139,317.04

1.3

GUIDEWIRE SOFTWARE INC COMMON STOCK USD.0001 [GWRE]

Equity

UNITED STATES

40171V100

1,870

73.24

136,958.80

1.3

NVIDIA CORP COMMON STOCK USD.001 [NVDA]

Equity

UNITED STATES

67066G104

696

195.37

135,977.52

1.3

NATERA INC COMMON STOCK USD.0001 [NTRA]

Equity

UNITED STATES

632307104

3,147

42.93

135,100.71

1.3

PELOTON INTERACTIVE INC A COMMON STOCK USD.000025 [PTON]

Equity

UNITED STATES

70614W100

10,442

12.93

135,015.06

1.3

ZILLOW GROUP INC C COMMON STOCK USD.0001 [Z]

Equity

UNITED STATES

98954M200

3,048

44.21

134,752.08

1.3

HYATT HOTELS CORP CL A COMMON STOCK USD.01 [H]

Equity

UNITED STATES

448579102

1,226

109.12

133,781.12

1.3

DOCUSIGN INC COMMON STOCK USD.0001 [DOCU]

Equity

UNITED STATES

256163106

2,185

60.64

132,498.40

1.3

CIENA CORP COMMON STOCK USD.01 [CIEN]

Equity

UNITED STATES

171779309

2,539

52.02

132,078.78

1.3

PROLOGIS INC REIT USD.01 [PLD]

Equity

UNITED STATES

74340W103

1,007

129.28

130,184.96

1.2

DOW INC COMMON STOCK USD.01 [DOW]

Equity

UNITED STATES

260557103

2,190

59.35

129,976.50

1.2

SERVICENOW INC COMMON STOCK USD.001 [NOW]

Equity

UNITED STATES

81762P102

284

455.13

129,256.92

1.2

ETSY INC COMMON STOCK USD.001 [ETSY]

Equity

UNITED STATES

29786A106

935

137.58

128,637.30

1.2

ROYAL CARIBBEAN CRUISES LTD COMMON STOCK USD.01 [RCL]

Equity

LIBERIA

V7780T103

1,968

64.94

127,801.92

1.2

DELTA AIR LINES INC COMMON STOCK USD.0001 [DAL]

Equity

UNITED STATES

247361702

3,268

39.10

127,778.80

1.2

TWILIO INC A COMMON STOCK USD.001 [TWLO]

Equity

UNITED STATES

90138F102

2,117

59.84

126,681.28

1.2

CAMDEN PROPERTY TRUST REIT USD.01 [CPT]

Equity

UNITED STATES

133131102

1,012

123.21

124,688.52

1.2

MSCI INC COMMON STOCK USD.01 [MSCI]

Equity

UNITED STATES

55354G100

233

531.56

123,853.48

1.2

MASTERCARD INC A COMMON STOCK USD.0001 [MA]

Equity

UNITED STATES

57636Q104

334

370.60

123,780.40

1.2

ADOBE INC COMMON STOCK USD.0001 [ADBE]

Equity

UNITED STATES

00724F101

334

370.34

123,693.56

1.2

BOSTON SCIENTIFIC CORP COMMON STOCK USD.01 [BSX]

Equity

UNITED STATES

101137107

2,671

46.25

123,533.75

1.2

CADENCE DESIGN SYS INC COMMON STOCK USD.01 [CDNS]

Equity

UNITED STATES

127387108

675

182.83

123,410.25

1.2

UNITY SOFTWARE INC COMMON STOCK USD.000005 [U]

Equity

UNITED STATES

91332U101

3,438

35.52

122,117.76

1.2

TERADYNE INC COMMON STOCK USD.125 [TER]

Equity

UNITED STATES

880770102

1,198

101.70

121,836.60

1.2

MERCK + CO. INC. COMMON STOCK USD.5 [MRK]

Equity

UNITED STATES

58933Y105

1,129

107.41

121,265.89

1.2

SERVICE CORP INTERNATIONAL COMMON STOCK USD1.0 [SCI]

Equity

UNITED STATES

817565104

1,634

74.15

121,161.10

1.2

PINTEREST INC CLASS A COMMON STOCK USD.00001 [PINS]

Equity

UNITED STATES

72352L106

4,607

26.29

121,118.03

1.1

INTUIT INC COMMON STOCK USD.01 [INTU]

Equity

UNITED STATES

461202103

286

422.67

120,883.62

1.1

ESSEX PROPERTY TRUST INC REIT USD.0001 [ESS]

Equity

UNITED STATES

297178105

534

226.07

120,721.38

1.1

ANSYS INC COMMON STOCK USD.01 [ANSS]

Equity

UNITED STATES

03662Q105

452

266.36

120,394.72

1.1

VMWARE INC CLASS A W/I COMMON STOCK USD.01 [VMW]

Equity

UNITED STATES

928563402

983

122.47

120,388.01

1.1

ALNYLAM PHARMACEUTICALS INC COMMON STOCK USD.01 [ALNY]

Equity

UNITED STATES

02043Q107

529

226.40

119,765.60

1.1

JBG SMITH PROPERTIES REIT USD.01 [JBGS]

Equity

UNITED STATES

46590V100

5,881

20.14

118,443.34

1.1

LAM RESEARCH CORP COMMON STOCK USD.001 [LRCX]

Equity

UNITED STATES

512807108

236

500.10

118,023.60

1.1

INVITATION HOMES INC REIT USD.01 [INVH]

Equity

UNITED STATES

46187W107

3,621

32.50

117,682.50

1.1

ALPHABET INC CL C COMMON STOCK USD.001 [GOOG]

Equity

UNITED STATES

02079K107

1,178

99.87

117,646.86

1.1

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

UNITED STATES

594918104

473

247.81

117,214.13

1.1

HERBALIFE NUTRITION LTD COMMON STOCK USD.002 [HLF]

Equity

CAYMAN ISLANDS

G4412G101

6,669

17.57

117,174.33

1.1

DTE ENERGY COMPANY COMMON STOCK [DTE]

Equity

UNITED STATES

233331107

1,003

116.37

116,719.11

1.1

DYNATRACE INC COMMON STOCK USD.001 [DT]

Equity

UNITED STATES

268150109

3,030

38.43

116,442.90

1.1

SBA COMMUNICATIONS CORP REIT USD.01 [SBAC]

Equity

UNITED STATES

78410G104

390

297.53

116,036.70

1.1

NEW RELIC INC COMMON STOCK USD.001 [NEWR]

Equity

UNITED STATES

64829B100

1,896

61.05

115,750.80

1.1

UNITED THERAPEUTICS CORP COMMON STOCK USD.01 [UTHR]

Equity

UNITED STATES

91307C102

439

263.17

115,531.63

1.1

KIMBERLY CLARK CORP COMMON STOCK USD1.25 [KMB]

Equity

UNITED STATES

494368103

888

130.01

115,448.88

1.1

ADVANCED MICRO DEVICES COMMON STOCK USD.01 [AMD]

Equity

UNITED STATES

007903107

1,534

75.15

115,280.10

1.1

DROPBOX INC CLASS A COMMON STOCK USD.00001 [DBX]

Equity

UNITED STATES

26210C104

4,949

23.23

114,965.27

1.1

MORNINGSTAR INC COMMON STOCK [MORN]

Equity

UNITED STATES

617700109

472

242.88

114,639.36

1.1

YETI HOLDINGS INC COMMON STOCK USD.01 [YETI]

Equity

UNITED STATES

98585X104

2,561

44.76

114,630.36

1.1

NCINO INC COMMON STOCK USD.0005 [NCNO]

Equity

UNITED STATES

63947X101

4,001

28.60

114,428.60

1.1

PROCTER + GAMBLE CO/THE COMMON STOCK [PG]

Equity

UNITED STATES

742718109

800

142.38

113,904.00

1.1

SNOWFLAKE INC CLASS A COMMON STOCK [SNOW]

Equity

UNITED STATES

833445109

719

156.44

112,480.36

1.1

PLUG POWER INC COMMON STOCK USD.01 [PLUG]

Equity

UNITED STATES

72919P202

6,595

17.02

112,246.90

1.1

ROPER TECHNOLOGIES INC COMMON STOCK USD.01 [ROP]

Equity

UNITED STATES

776696106

263

426.75

112,235.25

1.1

GRACO INC COMMON STOCK USD1.0 [GGG]

Equity

UNITED STATES

384109104

1,636

68.32

111,771.52

1.1

ROKU INC COMMON STOCK USD.0001 [ROKU]

Equity

UNITED STATES

77543R102

1,938

57.50

111,435.00

1.1

PAYLOCITY HOLDING CORP COMMON STOCK USD.001 [PCTY]

Equity

UNITED STATES

70438V106

531

208.29

110,601.99

1.0

BIOGEN INC COMMON STOCK USD.0005 [BIIB]

Equity

UNITED STATES

09062X103

380

290.90

110,542.00

1.0

TRIMBLE INC COMMON STOCK USD.001 [TRMB]

Equity

UNITED STATES

896239100

1,903

58.06

110,488.18

1.0

F5 INC COMMON STOCK [FFIV]

Equity

UNITED STATES

315616102

748

147.66

110,449.68

1.0

APPLE INC COMMON STOCK USD.00001 [AAPL]

Equity

UNITED STATES

037833100

765

144.29

110,381.85

1.0

SYNCHRONY FINANCIAL COMMON STOCK USD.001 [SYF]

Equity

UNITED STATES

87165B103

2,997

36.73

110,079.81

1.0

PROCORE TECHNOLOGIES INC COMMON STOCK USD.0001 [PCOR]

Equity

UNITED STATES

74275K108

1,964

55.95

109,885.80

1.0

PALANTIR TECHNOLOGIES INC A COMMON STOCK USD.001 [PLTR]

Equity

UNITED STATES

69608A108

14,012

7.78

109,013.36

1.0

FORD MOTOR CO COMMON STOCK USD.01 [F]

Equity

UNITED STATES

345370860

8,041

13.51

108,633.91

1.0

ARISTA NETWORKS INC COMMON STOCK USD.0001 [ANET]

Equity

UNITED STATES

040413106

862

126.02

108,629.24

1.0

SOUTHWEST AIRLINES CO COMMON STOCK USD1.0 [LUV]

Equity

UNITED STATES

844741108

3,005

35.77

107,488.85

1.0

CREDIT ACCEPTANCE CORP COMMON STOCK USD.01 [CACC]

Equity

UNITED STATES

225310101

232

462.64

107,332.48

1.0

PINNACLE FINANCIAL PARTNERS COMMON STOCK USD1.0 [PNFP]

Equity

UNITED STATES

72346Q104

1,341

78.73

105,576.93

1.0

PURE STORAGE INC CLASS A COMMON STOCK USD.0001 [PSTG]

Equity

UNITED STATES

74624M102

3,640

28.94

105,341.60

1.0

EPAM SYSTEMS INC COMMON STOCK USD.001 [EPAM]

Equity

UNITED STATES

29414B104

314

332.65

104,452.10

1.0

ZSCALER INC COMMON STOCK USD.001 [ZS]

Equity

UNITED STATES

98980G102

832

124.16

103,301.12

1.0

ATLASSIAN CORP CL A COMMON STOCK USD.00001 [TEAM]

Equity

UNITED STATES

049468101

632

161.62

102,143.84

1.0

PFIZER INC COMMON STOCK USD.05 [PFE]

Equity

UNITED STATES

717081103

2,301

44.16

101,612.16

1.0

JAMF HOLDING CORP COMMON STOCK [JAMF]

Equity

UNITED STATES

47074L105

5,104

19.87

101,416.48

1.0

ZOOM VIDEO COMMUNICATIONS A COMMON STOCK USD.001 [ZM]

Equity

UNITED STATES

98980L101

1,339

75.00

100,425.00

1.0

GLOBANT SA COMMON STOCK USD1.2 [GLOB]

Equity

LUXEMBOURG

L44385109

617

162.18

100,065.06

0.9

LULULEMON ATHLETICA INC COMMON STOCK USD.005 [LULU]

Equity

UNITED STATES

550021109

319

306.88

97,894.72

0.9

Total

--

--

--

--

--

10,537

99.9

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

0.1

Total Net Assets

--

--

--

--

--

--

100%

as of 12/31/2022

Economic Sector

Corporate Culture Leaders ETF %

Human Capital Factor Unconstrained Index %

Information Technology

44.1

44.1

Health Care

10.5

10.5

Consumer Discretionary

9.9

9.9

Real Estate

8.1

8.1

Financials

8.0

8.0

Communication Services

6.8

6.8

Industrials

5.5

5.5

Consumer Staples

3.6

3.6

Utilities

2.5

2.5

Materials

1.2

1.2

Investment Team

Harbor Capital Advisors, Inc


The Fund employs an indexing investment approach designed to track the performance of the Human Capital Factor Unconstrained Index (“The Index”). The Fund invests at least 80% of its total assets in securities that are included in the Index.

The Index is designed to deliver exposure to equity securities of large cap U.S. companies that demonstrate high employee engagement, based on scores produced by Irrational Capital LLC (“Irrational Capital” or the “Index Provider”). Large cap companies are defined by the Fund as those with market capitalizations over $1 billion at the time of Index reconstitution. The Index is equally weighted and composed of approximately 70 to 100 companies with top “Human Capital Factor” scores at the time of Index reconstitution.

Harbor Capital serves as the investment adviser.


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.

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.

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.

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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.

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 © 2023 Harbor Capital Advisors, Inc. All rights reserved.