Harbor logo with orange and gold vertical gradient
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
chevron

Locate Your Harbor Consultant

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

Welcome

Research Suggests That Doing the Right Thing Pays.

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? It’s a systematic measure of corporate culture that seeks to deeply understand the importance and value created between human capital and potential equity performance. In other words, the Human Capital Factor is based on the premise that happy and motivated employees can generate better outcomes for companies and investors.

The index underlying HAPY takes a socially conscious approach that seeks to access the potential alpha opportunity of strong corporate culture.

 

headshot

Dan Ariely

Behavioral Economist, Co-Founder, Irrational Capital

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
BE HAPY

assets0
assets0M+

assets0M+

The above figures represent Irrational Capital’s full data set. A subset of this data is used in constructing HAPY. Source: Irrational Capital. As of 6/30/2022.

Differentiated Research that Seeks to Uncover Alpha
  • Irrational Capital looks to identify companies with strong employer/employee relationships.
  • The Human Capital Factor seeks to deeply understand company culture and intrinsic employee motivation as a potential driver of stock performance.
  • Focused on capturing and investing in the benefits that strong corporate culture may have on a company's stock price.
employees_icon.png
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 index underlying HAPY takes a socially conscious approach that aims to access the potential alpha opportunity of strong corporate culture.

data_points_icon.png
Backed by Data.

The Human Capital Factor is grounded in proprietary data that seeks to prove "doing the right thing" can pay. 

Help Clients Be Their Better Selves

 

Dan Ariely shares the important role that advisors play during times of market volatility.

Overview

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

Current Price

Current Price

As of 3/29/2023

$17.04

Price (NAV)

$0.33

NAV Daily Change ($)

1.97%

NAV Daily Change (%)

7.44%

NAV YTD Return

$17.03

Market Price

$0.33

Market Daily Change ($)

1.98%

Market Daily Change (%)

7.38%

Market YTD Return

Fund Facts

As of 3/29/2023

2/23/2022

Inception Date

0.50

Expense Ratio (%)
disclaimer

$10.227

Total Net Assets (million)

600,000

Shares Outstanding
(As of 3/30/2023)

HAPY

Ticker

41151J604

Cusip

NYSE

Exchange

US41151J6047

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Mid Cap Growth

Morningstar Category

Human Capital Factor Unconstrained Index

Benchmark

Investment Objective:

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

Pricing/Trading

As of 3/29/2023

$17.05

Bid/Ask Mid Price

$17.03

Closing Market Price

$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)

 

2022

Q1 2023

YTD

Days Traded at a Premium2145252
Days Traded at a Discount188

0.29%

30-Day Median Bid/Ask Spread

501

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

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."

Dan Ariely

Behavioral Economist, Co-Founder, Irrational Capital

right quote

Performance

Total Returns

Quarter-End

Fund Name

3 Mo.

YTD Return

Since Inception

Net Expense Ratio

Gross Expense Ratio

Corporate Culture Leaders ETF

4.23%

-17.74%

-17.74%

0.50%disclaimer

0.50%

Fund Market Price

4.10%

--

-17.74%

--

--

Human Capital Factor Unconstrained Index

4.34%

--

-17.08%

--

--

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

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 2/28/2023

77

Number of Holdings

99353.6

Wtd Avg Market Cap ($Mil)

5.22

Price/Book Ratio

32.4

Adjusted Trailing P/E Ratio

18

% EPS Growth - Past 3 Yr

8.26

Return on Equity (%)

26.8

Forecasted P/E Ratio

Top Ten Holdings

As of 3/29/2023

Company Name [Ticker]

% of Net Assets

TRADE DESK INC/THE CLASS A COMMON STOCK USD.000001[TTD]

1.7

ROBLOX CORP CLASS A COMMON STOCK USD.0001[RBLX]

1.7

SAMSARA INC CL A COMMON STOCK USD.0001[IOT]

1.7

NVIDIA CORP COMMON STOCK USD.001[NVDA]

1.7

SALESFORCE INC COMMON STOCK USD.001[CRM]

1.6

AGILON HEALTH INC COMMON STOCK USD.01[AGL]

1.6

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

1.6

SAREPTA THERAPEUTICS INC COMMON STOCK USD.0001[SRPT]

1.6

ROKU INC COMMON STOCK USD.0001[ROKU]

1.6

LULULEMON ATHLETICA INC COMMON STOCK USD.005[LULU]

1.6

% of Total Holdings:

16.4%

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

As of 3/29/2023

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

TRADE DESK INC/THE CLASS A COMMON STOCK USD.000001 [TTD]

Equity

88339J105

2,898

59.84

173,416.32

1.7

ROBLOX CORP CLASS A COMMON STOCK USD.0001 [RBLX]

Equity

771049103

4,030

43.01

173,330.30

1.7

SAMSARA INC CL A COMMON STOCK USD.0001 [IOT]

Equity

79589L106

9,089

18.71

170,055.19

1.7

NVIDIA CORP COMMON STOCK USD.001 [NVDA]

Equity

67066G104

627

269.84

169,189.68

1.7

SALESFORCE INC COMMON STOCK USD.001 [CRM]

Equity

79466L302

845

196.64

166,160.80

1.6

AGILON HEALTH INC COMMON STOCK USD.01 [AGL]

Equity

00857U107

6,195

26.79

165,964.05

1.6

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

Equity

30303M102

802

205.35

164,690.70

1.6

SAREPTA THERAPEUTICS INC COMMON STOCK USD.0001 [SRPT]

Equity

803607100

1,194

136.56

163,052.64

1.6

ROKU INC COMMON STOCK USD.0001 [ROKU]

Equity

77543R102

2,539

63.91

162,267.49

1.6

LULULEMON ATHLETICA INC COMMON STOCK USD.005 [LULU]

Equity

550021109

449

361.04

162,106.96

1.6

INTEL CORP COMMON STOCK USD.001 [INTC]

Equity

458140100

5,016

31.52

158,104.32

1.5

GE HEALTHCARE TECHNOLOGY COMMON STOCK [GEHC]

Equity

36266G107

1,979

79.24

156,815.96

1.5

PROCTER + GAMBLE CO/THE COMMON STOCK [PG]

Equity

742718109

1,030

146.81

151,214.30

1.5

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

Equity

892672106

1,933

78.09

150,947.97

1.5

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

Equity

928563402

1,225

122.98

150,650.50

1.5

CONSOLIDATED EDISON INC COMMON STOCK USD.1 [ED]

Equity

209115104

1,576

95.11

149,893.36

1.5

INTUITIVE SURGICAL INC COMMON STOCK USD.001 [ISRG]

Equity

46120E602

597

250.76

149,703.72

1.5

BOSTON SCIENTIFIC CORP COMMON STOCK USD.01 [BSX]

Equity

101137107

3,038

49.08

149,105.04

1.5

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

Equity

127387108

722

206.00

148,732.00

1.5

GUIDEWIRE SOFTWARE INC COMMON STOCK USD.0001 [GWRE]

Equity

40171V100

1,911

77.58

148,255.38

1.4

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

594918104

528

280.51

148,109.28

1.4

SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625 [SPOT]

Equity

L8681T102

1,138

129.87

147,792.06

1.4

INTUIT INC COMMON STOCK USD.01 [INTU]

Equity

461202103

341

433.29

147,751.89

1.4

RLI CORP COMMON STOCK USD1.0 [RLI]

Equity

749607107

1,101

133.94

147,467.94

1.4

TWILIO INC A COMMON STOCK USD.001 [TWLO]

Equity

90138F102

2,322

62.92

146,100.24

1.4

COLGATE PALMOLIVE CO COMMON STOCK USD1.0 [CL]

Equity

194162103

1,959

74.47

145,886.73

1.4

ADOBE INC COMMON STOCK USD.0001 [ADBE]

Equity

00724F101

380

379.16

144,080.80

1.4

TERADYNE INC COMMON STOCK USD.125 [TER]

Equity

880770102

1,330

107.39

142,828.70

1.4

AIRBNB INC CLASS A COMMON STOCK USD.0001 [ABNB]

Equity

009066101

1,192

118.80

141,609.60

1.4

GLOBANT SA COMMON STOCK USD1.2 [GLOB]

Equity

L44385109

894

157.85

141,117.90

1.4

MSCI INC COMMON STOCK USD.01 [MSCI]

Equity

55354G100

256

550.93

141,038.08

1.4

MASTERCARD INC A COMMON STOCK USD.0001 [MA]

Equity

57636Q104

389

359.53

139,857.17

1.4

PPL CORP COMMON STOCK USD.01 [PPL]

Equity

69351T106

5,031

27.53

138,503.43

1.4

DOXIMITY INC CLASS A COMMON STOCK USD.001 [DOCS]

Equity

26622P107

4,309

31.75

136,810.75

1.3

SERVICENOW INC COMMON STOCK USD.001 [NOW]

Equity

81762P102

312

438.44

136,793.28

1.3

MONGODB INC COMMON STOCK USD.001 [MDB]

Equity

60937P106

629

217.40

136,744.60

1.3

FACTSET RESEARCH SYSTEMS INC COMMON STOCK USD.01 [FDS]

Equity

303075105

334

407.63

136,148.42

1.3

JOHNSON + JOHNSON COMMON STOCK USD1.0 [JNJ]

Equity

478160104

885

153.31

135,679.35

1.3

PROLOGIS INC REIT USD.01 [PLD]

Equity

74340W103

1,125

119.88

134,865.00

1.3

INTELLIA THERAPEUTICS INC COMMON STOCK USD.0001 [NTLA]

Equity

45826J105

3,555

37.56

133,525.80

1.3

S+P GLOBAL INC COMMON STOCK USD1.0 [SPGI]

Equity

78409V104

394

338.13

133,223.22

1.3

NETFLIX INC COMMON STOCK USD.001 [NFLX]

Equity

64110L106

400

332.03

132,812.00

1.3

ZOOMINFO TECHNOLOGIES INC COMMON STOCK [ZI]

Equity

98980F104

5,350

24.14

129,149.00

1.3

SENTINELONE INC CLASS A COMMON STOCK USD.0001 [S]

Equity

81730H109

8,624

14.89

128,411.36

1.3

AES CORP COMMON STOCK USD.01 [AES]

Equity

00130H105

5,466

23.46

128,232.36

1.3

ASGN INC COMMON STOCK USD.01 [ASGN]

Equity

00191U102

1,574

81.21

127,824.54

1.2

SBA COMMUNICATIONS CORP REIT USD.01 [SBAC]

Equity

78410G104

502

254.17

127,593.34

1.2

TRANSUNION COMMON STOCK USD.01 [TRU]

Equity

89400J107

2,111

60.42

127,546.62

1.2

SILICON LABORATORIES INC COMMON STOCK USD.0001 [SLAB]

Equity

826919102

746

170.84

127,446.64

1.2

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

Equity

26210C104

5,983

21.17

126,660.11

1.2

SPIRIT REALTY CAPITAL INC REIT USD.05 [SRC]

Equity

84860W300

3,308

38.287

126,653.396

1.2

FIRST AMERICAN FINANCIAL COMMON STOCK USD.00001 [FAF]

Equity

31847R102

2,349

53.91

126,634.59

1.2

TPG INC COMMON STOCK [TPG]

Equity

872657101

4,392

28.83

126,621.36

1.2

CONOCOPHILLIPS COMMON STOCK USD.01 [COP]

Equity

20825C104

1,266

99.75

126,283.50

1.2

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

Equity

049468101

792

158.89

125,840.88

1.2

AGILENT TECHNOLOGIES INC COMMON STOCK USD.01 [A]

Equity

00846U101

940

133.85

125,819.00

1.2

KKR + CO INC COMMON STOCK USD.01 [KKR]

Equity

48251W104

2,458

51.13

125,677.54

1.2

CREDIT ACCEPTANCE CORP COMMON STOCK USD.01 [CACC]

Equity

225310101

295

425.07

125,395.65

1.2

ALNYLAM PHARMACEUTICALS INC COMMON STOCK USD.01 [ALNY]

Equity

02043Q107

640

195.91

125,382.40

1.2

STEEL DYNAMICS INC COMMON STOCK USD.005 [STLD]

Equity

858119100

1,138

110.035

125,219.83

1.2

PIONEER NATURAL RESOURCES CO COMMON STOCK USD.01 [PXD]

Equity

723787107

614

202.28

124,199.92

1.2

ZIFF DAVIS INC COMMON STOCK USD.01 [ZD]

Equity

48123V102

1,631

75.84

123,695.04

1.2

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

Equity

247361702

3,668

33.32

122,217.76

1.2

COMMERCIAL METALS CO COMMON STOCK USD.01 [CMC]

Equity

201723103

2,534

47.53

120,441.02

1.2

MONDAY.COM LTD COMMON STOCK [MNDY]

Equity

M7S64H106

876

136.64

119,696.64

1.2

ZSCALER INC COMMON STOCK USD.001 [ZS]

Equity

98980G102

1,055

110.70

116,788.50

1.1

MORNINGSTAR INC COMMON STOCK [MORN]

Equity

617700109

607

191.68

116,349.76

1.1

ETSY INC COMMON STOCK USD.001 [ETSY]

Equity

29786A106

1,078

107.67

116,068.26

1.1

EPAM SYSTEMS INC COMMON STOCK USD.001 [EPAM]

Equity

29414B104

398

285.76

113,732.48

1.1

SYNCHRONY FINANCIAL COMMON STOCK USD.001 [SYF]

Equity

87165B103

3,955

28.65

113,310.75

1.1

GITLAB INC CL A COMMON STOCK USD.0000025 [GTLB]

Equity

37637K108

3,064

33.58

102,889.12

1.0

PINNACLE FINANCIAL PARTNERS COMMON STOCK USD1.0 [PNFP]

Equity

72346Q104

1,802

55.82

100,587.64

1.0

THOUGHTWORKS HOLDING INC COMMON STOCK USD.001 [TWKS]

Equity

88546E105

13,830

6.96

96,256.80

0.9

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

Equity

02079K107

758

101.90

77,240.20

0.8

ALPHABET INC CL A COMMON STOCK USD.001 [GOOGL]

Equity

02079K305

760

101.39

77,056.40

0.8

FIRST REPUBLIC BANK/CA COMMON STOCK USD.01 [FRC]

Equity

33616C100

1,063

14.26

15,158.38

0.1

Total

--

--

--

--

--

10,210

99.2

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

0.8

Total Net Assets

--

--

--

--

--

--

100%

As of 2/28/2023

Corporate Culture Leaders ETF (HAPY)

Human Capital Factor Unconstrained Index

-

Information Technology

HAPY: 32.8%

Benchmark: 32.8%

-

Financials

HAPY: 17.3%

Benchmark: 17.3%

-

Health Care

HAPY: 13.5%

Benchmark: 13.5%

-

Communication Services

HAPY: 12.4%

Benchmark: 12.4%

-

Industrials

HAPY: 4.1%

Benchmark: 4.1%

-

Consumer Discretionary

HAPY: 4.1%

Benchmark: 4.1%

-

Utilities

HAPY: 4.0%

Benchmark: 4.0%

-

Real Estate

HAPY: 4.0%

Benchmark: 4.0%

-

Consumer Staples

HAPY: 2.8%

Benchmark: 2.8%

-

Materials

HAPY: 2.7%

Benchmark: 2.7%

-

Energy

HAPY: 2.5%

Benchmark: 2.5%

HAPY: Corporate Culture Leaders ETF

Benchmark: Human Capital Factor Unconstrained 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 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.


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.

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. 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.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

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.

Irrational Capital LLC is a third-party index provider to the Fund. The Fund is managed by Harbor Capital Advisors, Inc.

2664772 

Blue Background

Connect with us |

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.