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Harbor All-Weather Inflation Focus ETF (HGER)
Access a vehicle that targets liquid and inflation sensitive commodities, accounts for the multiple forms of inflation, addresses the impact of futures roll yields, eliminates the need for K-1 tax filing*, leverages the potential benefits of an ETF, and more.
Overview
Overview
as of 11/29/2022
NAV Price | $21.42 |
NAV Daily Change ($) | $0.16 |
NAV Daily Change (%) | 0.75% |
NAV YTD Return | 7.10% |
Market Price | $21.44 |
Market Daily Change ($) | $0.22 |
Market Daily Change (%) | 1.04% |
Market YTD Return | 7.20% |
Current 30-Day Sub. SEC Yield | 2.49%  |
Current 30-Day Unsub. SEC Yield | 2.49% |
Effective 30-Day Sub. SEC Yield | 2.52% |
Effective 30-Day Unsub. SEC Yield | 2.52% |
Fund Facts
Inception Date | 2/9/2022 |
Expense Ratio (%) | 0.68% |
Total Net Assets (million) | $65.317 |
Shares Outstanding | 3,050,000 |
Ticker | HGER |
Cusip | 41151J505 |
ISIN | US41151J5056 |
Benchmark | Quantix Inflation Index (QII) |
Exchange | NYSE |
Distributor | Foreside Fund Services, LLC |
Investment Objective | The Fund seeks to track the Quantix Inflation Index** |
Morningstar Category | Commodities Broad Basket |
Dividend Frequency | Annually |
A Strategy Specifically Designed for Hedging Inflation
Quantix Commodities LP
Performance
Fund Name
3 Mo.
Since Inception
Net Expense Ratio
Gross Expense Ratio
All-Weather Inflation Focus ETF
-4.87%
4.60%
0.68%
0.68%
Fund Market Price
-4.60%
4.65%
--
--
Quantix Inflation Total Return Index
-4.32%
5.94%
--
--
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 Quantix Inflation Index is calculated on a total return basis, which combines the returns of the futures contracts with the returns on cash collateral invested in 13-week U.S. Treasury Bills. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Quantix Inflation Index was developed by Quantix Commodities LP and is owned by Quantix Commodities Indices LLC.
Distribution History
Sorry, there is no data available for this fund
Holdings
Full Holdings
as of 11/29/2022
Company Name
Category Name
Cusip
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
100003 TRS USD R E MQCP332E TRS ON QII INDEX
Equity
99S1UY4U3
--
0.0
65,188
53.8
TREASURY BILL 02/23 0.00000
Bond
912796XZ7
2/9/2023
0.0
32,894
27.2
TREASURY BILL 12/22 0.00000
Bond
912796R27
12/29/2022
0.0
22,702
18.7
100003 TRS USD P F MQCP332E TRS ON QII INDEX
Bond
99S1UY4V1
11/30/2022
0.1
-63,809
-52.7
Total
--
--
--
--
56,976
47.0
Cash and Other Assets Less Liabilities
--
--
--
--
--
53.0
Total Net Assets
--
--
--
--
--
100%
Investment Team
Quantix Commodities LP
Quantix Commodities LP (“Quantix”) is a commodities focused fund manager specializing in the development and management of commodities-based investment strategies. The firm is a market leader in delivering comprehensive commodity investment solutions to the marketplace.
Quantix is led by CIO Don Casturo, former Global Commodities COO and Head of EMEA Commodity Trading at Goldman Sachs, along with two founding partners. The team is highly experienced, with industry-leading pedigree and a long track record of working together.
The firm delivers strategies targeting different investment objectives for clients; after launching the all-weather, absolute return strategy in 2019, Quantix launched an inflation-focused, long only strategy in early 2021, which is part of the Investor Solutions Group at Quantix.
Quantix Commodities LP (“Quantix”) is a commodities focused fund manager specializing in the development and management of commodities-based investment strategies. The firm is a market leader in delivering comprehensive commodity investment solutions to the marketplace.
Quantix is led by CIO Don Casturo, former Global Commodities COO and Head of EMEA Commodity Trading at Goldman Sachs, along with two founding partners. The team is highly experienced, with industry-leading pedigree and a long track record of working together.
The firm delivers strategies targeting different investment objectives for clients; after launching the all-weather, absolute return strategy in 2019, Quantix launched an inflation-focused, long only strategy in early 2021, which is part of the Investor Solutions Group at Quantix.
![manager headshot]()
Matthew Schwab
Head of Investor Solutions
Matthew has 25 years of experience in the commodity markets. Prior to joining Quantix, Matthew was a Managing Director and co-head of Research, Portfolio Management, and Portfolio Construction for the Alternative Investment Strategies group within Quantitative Investment Strategies at Goldman Sachs Asset Management. Prior to that he was global head of Systematic Trading Strategies in the Securities Division. He joined Goldman Sachs as a Managing Director in London in 2007 and relocated to New York in 2009. Prior to joining Goldman Sachs, Matthew was a managing director and commodity strategist at AIG Financial Products in Wilton, Connecticut. Earlier in his career, he was a director and co-head of Commodity Investor Solutions at Barclays Capital, prior to which he was global head of Precious and Base Metals Derivatives Trading at Barclays.
Matthew earned a degree in History, with high honors, and Sociology from Kenyon College in Gambier, Ohio, in 1993.
Matthew has 25 years of experience in the commodity markets. Prior to joining Quantix, Matthew was a Managing Director and co-head of Research, Portfolio Management, and Portfolio Construction for the Alternative Investment Strategies group within Quantitative Investment Strategies at Goldman Sachs Asset Management. Prior to that he was global head of Systematic Trading Strategies in the Securities Division. He joined Goldman Sachs as a Managing Director in London in 2007 and relocated to New York in 2009. Prior to joining Goldman Sachs, Matthew was a managing director and commodity strategist at AIG Financial Products in Wilton, Connecticut. Earlier in his career, he was a director and co-head of Commodity Investor Solutions at Barclays Capital, prior to which he was global head of Precious and Base Metals Derivatives Trading at Barclays.
Matthew earned a degree in History, with high honors, and Sociology from Kenyon College in Gambier, Ohio, in 1993.
![manager headshot]()
Matthew Schwab
Head of Investor Solutions
Matthew has 25 years of experience in the commodity markets. Prior to joining Quantix, Matthew was a Managing Director and co-head of Research, Portfolio Management, and Portfolio Construction for the Alternative Investment Strategies group within Quantitative Investment Strategies at Goldman Sachs Asset Management. Prior to that he was global head of Systematic Trading Strategies in the Securities Division. He joined Goldman Sachs as a Managing Director in London in 2007 and relocated to New York in 2009. Prior to joining Goldman Sachs, Matthew was a managing director and commodity strategist at AIG Financial Products in Wilton, Connecticut. Earlier in his career, he was a director and co-head of Commodity Investor Solutions at Barclays Capital, prior to which he was global head of Precious and Base Metals Derivatives Trading at Barclays.
Matthew earned a degree in History, with high honors, and Sociology from Kenyon College in Gambier, Ohio, in 1993.
Matthew has 25 years of experience in the commodity markets. Prior to joining Quantix, Matthew was a Managing Director and co-head of Research, Portfolio Management, and Portfolio Construction for the Alternative Investment Strategies group within Quantitative Investment Strategies at Goldman Sachs Asset Management. Prior to that he was global head of Systematic Trading Strategies in the Securities Division. He joined Goldman Sachs as a Managing Director in London in 2007 and relocated to New York in 2009. Prior to joining Goldman Sachs, Matthew was a managing director and commodity strategist at AIG Financial Products in Wilton, Connecticut. Earlier in his career, he was a director and co-head of Commodity Investor Solutions at Barclays Capital, prior to which he was global head of Precious and Base Metals Derivatives Trading at Barclays.
Matthew earned a degree in History, with high honors, and Sociology from Kenyon College in Gambier, Ohio, in 1993.
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. Commodities may subject an investor to greater volatility than traditional securities such as stocks and bonds and can fluctuate significantly based on political, regulatory, market and economic conditions. Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. The Fund’s investments in commodity-linked derivative instruments and the tracking of an Index comprised of commodity futures may subject the Fund to significantly greater volatility than investments in traditional securities. The Fund has a limited number of institutions that may act as authorized participants and engage in creation or redemption transactions directly with the Fund. There is no assurance that authorized participants will establish or maintain an active trading market for the Shares. This risk may be heightened during periods of volatility or market disruptions. A nondiversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.
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.
*Schedule K-1 is an Internal Revenue Service (IRS) tax form issued annually for an investment in a partnership. A Schedule K-1 is issued to taxpayers who have invested in limited partnerships (LPs) and some exchange-traded funds (ETFs).