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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.
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% |
Total Net Assets (million) | $10.534 |
Shares Outstanding | 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 |
"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."
Dan Ariely
Behavioral Economist, Co-Founder, Irrational Capital
Performance
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%
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.
Distribution History
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
Full Holdings
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%
Sector Allocation
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.
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.
![manager headshot]()
Jim Erceg
EVP, Head of Product
Starting at Harbor in December 2019, Jim was hired to lead the Investment Product Team
Prior to joining Harbor, Jim was at T. Rowe Price & Associates for over 12 years, most recently as Head of Product Strategy and Channel Management, North America and prior to that role Head of Investment Product Group, U.S. Investment Services. Before T. Rowe Price, Jim also held roles at RydexGlobal Advisors as Director of Investments and the Investment Company Institute as a Research Analyst. Jim received a B.A. in Political Science from Kenyon College, an M.A. in Political Science from The Ohio State University, and an M.B.A. from Robert H. School of Business Administration, University of Maryland.
Starting at Harbor in December 2019, Jim was hired to lead the Investment Product Team
Prior to joining Harbor, Jim was at T. Rowe Price & Associates for over 12 years, most recently as Head of Product Strategy and Channel Management, North America and prior to that role Head of Investment Product Group, U.S. Investment Services. Before T. Rowe Price, Jim also held roles at RydexGlobal Advisors as Director of Investments and the Investment Company Institute as a Research Analyst. Jim received a B.A. in Political Science from Kenyon College, an M.A. in Political Science from The Ohio State University, and an M.B.A. from Robert H. School of Business Administration, University of Maryland.
![manager headshot]()
Steve Cook
MD, Product Management – Exchange Traded Funds
Starting at Harbor in January 2021, Steve was hired to lead Harbors entry into the Exchange Traded Funds market. Prior to joining Harbor, Steve spent two and a half years with State Street, as a senior vice president in State Street Global Services unit. Steve was responsible for the managing the relationship, service delivery and business growth for several of State Streets Global Financial Institutions clients. His responsibility also included the ETF On-boarding and ongoing service relationships for the majority of State Streets ETF relationships. Prior to joining State Street, Steve spent over 20 years at BNY Mellon in the Asset Servicing business, with much of that time spent in the ETF industry. Steve was part of the team that successfully launched the Nasdaq 100 QQQ fund in the late 1990’s, and went on to lead product, operations, sales and relationship management, and ultimately the Global ETF Services business for BNY Mellon. He and his team oversaw the successful launch of thousands of ETFs in all major jurisdictions around the globe, including Ireland, The UK, U.A.E., Italy, Luxemburg, Hong Kong and Canada. Steve received a B.S. in Business Administration from the University of Richmond E. Claiborne Robbins School of Business.
Starting at Harbor in January 2021, Steve was hired to lead Harbors entry into the Exchange Traded Funds market. Prior to joining Harbor, Steve spent two and a half years with State Street, as a senior vice president in State Street Global Services unit. Steve was responsible for the managing the relationship, service delivery and business growth for several of State Streets Global Financial Institutions clients. His responsibility also included the ETF On-boarding and ongoing service relationships for the majority of State Streets ETF relationships. Prior to joining State Street, Steve spent over 20 years at BNY Mellon in the Asset Servicing business, with much of that time spent in the ETF industry. Steve was part of the team that successfully launched the Nasdaq 100 QQQ fund in the late 1990’s, and went on to lead product, operations, sales and relationship management, and ultimately the Global ETF Services business for BNY Mellon. He and his team oversaw the successful launch of thousands of ETFs in all major jurisdictions around the globe, including Ireland, The UK, U.A.E., Italy, Luxemburg, Hong Kong and Canada. Steve received a B.S. in Business Administration from the University of Richmond E. Claiborne Robbins School of Business.
![manager headshot]()
Jim Erceg
EVP, Head of Product
Starting at Harbor in December 2019, Jim was hired to lead the Investment Product Team
Prior to joining Harbor, Jim was at T. Rowe Price & Associates for over 12 years, most recently as Head of Product Strategy and Channel Management, North America and prior to that role Head of Investment Product Group, U.S. Investment Services. Before T. Rowe Price, Jim also held roles at RydexGlobal Advisors as Director of Investments and the Investment Company Institute as a Research Analyst. Jim received a B.A. in Political Science from Kenyon College, an M.A. in Political Science from The Ohio State University, and an M.B.A. from Robert H. School of Business Administration, University of Maryland.
Starting at Harbor in December 2019, Jim was hired to lead the Investment Product Team
Prior to joining Harbor, Jim was at T. Rowe Price & Associates for over 12 years, most recently as Head of Product Strategy and Channel Management, North America and prior to that role Head of Investment Product Group, U.S. Investment Services. Before T. Rowe Price, Jim also held roles at RydexGlobal Advisors as Director of Investments and the Investment Company Institute as a Research Analyst. Jim received a B.A. in Political Science from Kenyon College, an M.A. in Political Science from The Ohio State University, and an M.B.A. from Robert H. School of Business Administration, University of Maryland.
![manager headshot]()
Steve Cook
MD, Product Management – Exchange Traded Funds
Starting at Harbor in January 2021, Steve was hired to lead Harbors entry into the Exchange Traded Funds market. Prior to joining Harbor, Steve spent two and a half years with State Street, as a senior vice president in State Street Global Services unit. Steve was responsible for the managing the relationship, service delivery and business growth for several of State Streets Global Financial Institutions clients. His responsibility also included the ETF On-boarding and ongoing service relationships for the majority of State Streets ETF relationships. Prior to joining State Street, Steve spent over 20 years at BNY Mellon in the Asset Servicing business, with much of that time spent in the ETF industry. Steve was part of the team that successfully launched the Nasdaq 100 QQQ fund in the late 1990’s, and went on to lead product, operations, sales and relationship management, and ultimately the Global ETF Services business for BNY Mellon. He and his team oversaw the successful launch of thousands of ETFs in all major jurisdictions around the globe, including Ireland, The UK, U.A.E., Italy, Luxemburg, Hong Kong and Canada. Steve received a B.S. in Business Administration from the University of Richmond E. Claiborne Robbins School of Business.
Starting at Harbor in January 2021, Steve was hired to lead Harbors entry into the Exchange Traded Funds market. Prior to joining Harbor, Steve spent two and a half years with State Street, as a senior vice president in State Street Global Services unit. Steve was responsible for the managing the relationship, service delivery and business growth for several of State Streets Global Financial Institutions clients. His responsibility also included the ETF On-boarding and ongoing service relationships for the majority of State Streets ETF relationships. Prior to joining State Street, Steve spent over 20 years at BNY Mellon in the Asset Servicing business, with much of that time spent in the ETF industry. Steve was part of the team that successfully launched the Nasdaq 100 QQQ fund in the late 1990’s, and went on to lead product, operations, sales and relationship management, and ultimately the Global ETF Services business for BNY Mellon. He and his team oversaw the successful launch of thousands of ETFs in all major jurisdictions around the globe, including Ireland, The UK, U.A.E., Italy, Luxemburg, Hong Kong and Canada. Steve received a B.S. in Business Administration from the University of Richmond E. Claiborne Robbins School of Business.
Documents
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.