Harbor Disruptive Innovation ETF (INNO)
The strategy seeks to invest in leading edge, industry transforming companies across sectors, market cap ranges, and regions which can enable more diverse exposure and enhance investors’ opportunity set. Through our active multi-strategy approach, we seek to provide enhanced diversification benefits and mitigate portfolio risk by managing allocations to five specialized active managers.
Overview
Current Price
as of 7/5/2022
NAV Price | $11.98 |
NAV Daily Change ($) | $0.36 |
NAV Daily Change (%) | 3.10% |
NAV YTD Return | -39.34% |
Market Price | $11.98 |
Market Daily Change ($) | $0.36 |
Market Daily Change (%) | 3.10% |
Market YTD Return | -39.46% |
Fund Facts
Inception Date | 12/1/2021 |
Expense Ratio (%) | 0.50% |
Total Net Assets (million) | $6.588 |
Shares Outstanding | 550,000 |
Ticker | INNO |
Cusip | 41151J307 |
ISIN | US41151J3077 |
Benchmark | The S&P 500 Index & The Russell 3000® Growth Index |
Exchange | NYSE |
Distributor | Foreside Fund Services, LLC |
Investment Objective | The Fund seeks long-term growth of capital |
Morningstar Category | Mid Cap Growth |
Dividend Frequency | Annually |
A distinct multi-strategy approach to accessing innovation
Harbor Disruptive Innovation seeks to offer diverse exposure to leading edge
transformational companies across market segments.
Performance
Fund Name
3 Mo.
YTD Return
Since Inception
Net Expense Ratio
Gross Expense Ratio
Disruptive Innovation ETF
-30.32%
-41.82%
-42.55%
0.50%
0.75%
Fund Market Price
-30.67%
-42.09%
-42.70%
--
--
S&P 500 Index
-16.10%
-19.96%
-15.38%
--
--
Russell 3000® Growth Index
-20.83%
-28.15%
-25.34%
--
--
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 harborfunds.com or by calling 800-422-1050.
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.
The Russell 3000® Growth Index measures the performance of the broad growth segment of the US equity universe. It includes Russell 3000® Index companies with higher price-to-book ratios and higher forecasted growth values. It is market-capitalization weighted. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 3000® Growth Index and Russell® are trademarks of Frank Russell Company.
Effective September 1, 2021, the Fund’s benchmark index changed from the Russell Midcap® Growth Index to the S&P 500 Index as the Adviser believes this index is a more appropriate comparison in light of the Fund’s new name and investment strategy.
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
12/22/2021
12/23/2021
12/28/2021
--
--
--
0.00000
Holdings
Full Holdings
as of 7/5/2022
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
SERVICENOW INC COMMON STOCK USD.001 [NOW]
Equity
UNITED STATES
81762P102
514
495.93
254,908.02
3.9
MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]
Equity
UNITED STATES
594918104
895
262.85
235,250.75
3.6
AMAZON.COM INC COMMON STOCK USD.01 [AMZN]
Equity
UNITED STATES
023135106
1,987
113.50
225,524.50
3.4
OKTA INC COMMON STOCK [OKTA]
Equity
UNITED STATES
679295105
2,174
102.56
222,965.44
3.4
SALESFORCE INC COMMON STOCK USD.001 [CRM]
Equity
UNITED STATES
79466L302
1,290
172.20
222,138.00
3.4
LAM RESEARCH CORP COMMON STOCK USD.001 [LRCX]
Equity
UNITED STATES
512807108
563
388.77
218,877.51
3.3
ADYEN NV COMMON STOCK EUR.01 [ADYEN]
Equity
NETHERLANDS
BZ1HM4902
151
1,379.612
208,321.41
3.2
MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]
Equity
UNITED STATES
595017104
3,223
56.14
180,939.22
2.7
TESLA INC COMMON STOCK USD.001 [TSLA]
Equity
UNITED STATES
88160R101
239
699.20
167,108.80
2.5
ATLASSIAN CORP PLC CLASS A COMMON STOCK USD.1 [TEAM]
Equity
UNITED STATES
G06242104
792
208.39
165,044.88
2.5
WORKDAY INC CLASS A COMMON STOCK USD.001 [WDAY]
Equity
UNITED STATES
98138H101
1,119
146.37
163,788.03
2.5
BALL CORP COMMON STOCK [BALL]
Equity
UNITED STATES
058498106
2,283
70.03
159,878.49
2.4
CADENCE DESIGN SYS INC COMMON STOCK USD.01 [CDNS]
Equity
UNITED STATES
127387108
944
151.64
143,148.16
2.2
MERCADOLIBRE INC COMMON STOCK USD.001 [MELI]
Equity
UNITED STATES
58733R102
199
713.57
142,000.43
2.2
T MOBILE US INC COMMON STOCK USD.0001 [TMUS]
Equity
UNITED STATES
872590104
1,016
137.56
139,760.96
2.1
ALPHABET INC CL A COMMON STOCK USD.001 [GOOGL]
Equity
UNITED STATES
02079K305
60
2,265.26
135,915.60
2.1
ALPHABET INC CL C COMMON STOCK USD.001 [GOOG]
Equity
UNITED STATES
02079K107
58
2,277.74
132,108.92
2.0
TEXAS INSTRUMENTS INC COMMON STOCK USD1.0 [TXN]
Equity
UNITED STATES
882508104
853
149.10
127,182.30
1.9
SNOWFLAKE INC CLASS A COMMON STOCK [SNOW]
Equity
UNITED STATES
833445109
756
154.90
117,104.40
1.8
CLOUDFLARE INC CLASS A COMMON STOCK USD.001 [NET]
Equity
UNITED STATES
18915M107
2,203
50.50
111,251.50
1.7
BLOCK INC COMMON STOCK USD.0000001 [SQ]
Equity
UNITED STATES
852234103
1,606
66.73
107,168.38
1.6
CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01 [CMG]
Equity
UNITED STATES
169656105
75
1,362.71
102,203.25
1.6
AVALARA INC COMMON STOCK USD.0001 [AVLR]
Equity
UNITED STATES
05338G106
1,324
76.02
100,650.48
1.5
ICON PLC COMMON STOCK EUR.06 [ICLR]
Equity
UNITED STATES
G4705A100
430
216.47
93,082.10
1.4
PARAMOUNT GLOBAL CLASS B COMMON STOCK USD.001 [PARA]
Equity
UNITED STATES
92556H206
3,655
25.19
92,069.45
1.4
DOORDASH INC A COMMON STOCK USD.00001 [DASH]
Equity
UNITED STATES
25809K105
1,145
74.90
85,760.50
1.3
ZENDESK INC COMMON STOCK USD.01 [ZEN]
Equity
UNITED STATES
98936J101
1,044
74.28
77,548.32
1.2
TWILIO INC A COMMON STOCK USD.001 [TWLO]
Equity
UNITED STATES
90138F102
830
90.48
75,098.40
1.1
ASML HOLDING NV COMMON STOCK EUR.09 [ASML]
Equity
NETHERLANDS
ACI02GTQ9
174
419.90
73,062.56
1.1
SAMSARA INC CL A COMMON STOCK USD.0001 [IOT]
Equity
UNITED STATES
79589L106
5,519
13.16
72,630.04
1.1
SHOPIFY INC CLASS A COMMON STOCK [SHOP]
Equity
UNITED STATES
82509L107
2,130
34.00
72,420.00
1.1
ASCENDIS PHARMA A/S ADR ADR DKK1.0 [ASND]
Equity
UNITED STATES
04351P101
746
95.39
71,160.94
1.1
SEA LTD ADR ADR [SE]
Equity
UNITED STATES
81141R100
917
75.34
69,086.78
1.0
META PLATFORMS INC CLASS A COMMON STOCK USD.000006 [META]
Equity
UNITED STATES
30303M102
378
168.19
63,575.82
1.0
DANAHER CORP COMMON STOCK USD.01 [DHR]
Equity
UNITED STATES
235851102
246
255.51
62,855.46
1.0
ROCKET PHARMACEUTICALS INC COMMON STOCK USD.01 [RCKT]
Equity
UNITED STATES
77313F106
3,683
15.53
57,196.99
0.9
ALLOGENE THERAPEUTICS INC COMMON STOCK USD.001 [ALLO]
Equity
UNITED STATES
019770106
4,685
11.76
55,095.60
0.8
WOLFSPEED INC COMMON STOCK USD.00125 [WOLF]
Equity
UNITED STATES
977852102
800
67.69
54,152.00
0.8
KRYSTAL BIOTECH INC COMMON STOCK USD.00001 [KRYS]
Equity
UNITED STATES
501147102
731
71.35
52,156.85
0.8
HUBSPOT INC COMMON STOCK USD.001 [HUBS]
Equity
UNITED STATES
443573100
153
329.46
50,407.38
0.8
APPLIED MATERIALS INC COMMON STOCK USD.01 [AMAT]
Equity
UNITED STATES
038222105
581
86.00
49,966.00
0.8
PAYPAL HOLDINGS INC COMMON STOCK USD.0001 [PYPL]
Equity
UNITED STATES
70450Y103
655
74.40
48,732.00
0.7
INSULET CORP COMMON STOCK USD.001 [PODD]
Equity
UNITED STATES
45784P101
205
231.68
47,494.40
0.7
ZOOMINFO TECHNOLOGIES INC COMMON STOCK [ZI]
Equity
UNITED STATES
98980F104
1,245
36.73
45,728.85
0.7
MONGODB INC COMMON STOCK USD.001 [MDB]
Equity
UNITED STATES
60937P106
140
304.43
42,620.20
0.6
REGENXBIO INC COMMON STOCK USD.0001 [RGNX]
Equity
UNITED STATES
75901B107
1,557
27.03
42,085.71
0.6
ZSCALER INC COMMON STOCK USD.001 [ZS]
Equity
UNITED STATES
98980G102
249
166.31
41,411.19
0.6
AMEDISYS INC COMMON STOCK USD.001 [AMED]
Equity
UNITED STATES
023436108
358
115.38
41,306.04
0.6
HUMANA INC COMMON STOCK USD.1666666 [HUM]
Equity
UNITED STATES
444859102
87
472.92
41,144.04
0.6
AVIDITY BIOSCIENCES INC COMMON STOCK [RNA]
Equity
UNITED STATES
05370A108
2,401
17.09
41,033.09
0.6
LANTHEUS HOLDINGS INC COMMON STOCK USD.01 [LNTH]
Equity
UNITED STATES
516544103
631
64.73
40,844.63
0.6
ARROWHEAD PHARMACEUTICALS IN COMMON STOCK USD.001 [ARWR]
Equity
UNITED STATES
04280A100
1,035
39.16
40,530.60
0.6
SMARTSHEET INC CLASS A COMMON STOCK [SMAR]
Equity
UNITED STATES
83200N103
1,175
34.44
40,467.00
0.6
ADVANCED MICRO DEVICES COMMON STOCK USD.01 [AMD]
Equity
UNITED STATES
007903107
533
75.20
40,081.60
0.6
DEXCOM INC COMMON STOCK USD.001 [DXCM]
Equity
UNITED STATES
252131107
498
78.46
39,073.08
0.6
COOPER COS INC/THE COMMON STOCK USD.1 [COO]
Equity
UNITED STATES
216648402
123
315.89
38,854.47
0.6
IDEXX LABORATORIES INC COMMON STOCK USD.1 [IDXX]
Equity
UNITED STATES
45168D104
105
366.87
38,521.35
0.6
BIO RAD LABORATORIES A COMMON STOCK USD.0001 [BIO]
Equity
UNITED STATES
090572207
75
506.00
37,950.00
0.6
TWITTER INC COMMON STOCK USD.000005 [TWTR]
Equity
UNITED STATES
90184L102
965
38.38
37,036.70
0.6
ARVINAS INC COMMON STOCK USD.001 [ARVN]
Equity
UNITED STATES
04335A105
783
46.69
36,558.27
0.6
NVIDIA CORP COMMON STOCK USD.001 [NVDA]
Equity
UNITED STATES
67066G104
242
149.64
36,212.88
0.5
LONZA GROUP AG REG COMMON STOCK CHF1.0 [LO3]
Equity
SWITZERLAND
733337901
64
546.91
35,002.22
0.5
THERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.0 [TMO]
Equity
UNITED STATES
883556102
64
545.07
34,884.48
0.5
CATALENT INC COMMON STOCK USD.01 [CTLT]
Equity
UNITED STATES
148806102
318
105.99
33,704.82
0.5
DATADOG INC CLASS A COMMON STOCK USD.00001 [DDOG]
Equity
UNITED STATES
23804L103
309
108.38
33,489.42
0.5
BLUEPRINT MEDICINES CORP COMMON STOCK USD.001 [BPMC]
Equity
UNITED STATES
09627Y109
614
54.41
33,407.74
0.5
METTLER TOLEDO INTERNATIONAL COMMON STOCK USD.01 [MTD]
Equity
UNITED STATES
592688105
28
1,175.47
32,913.16
0.5
REPLIMUNE GROUP INC COMMON STOCK USD.001 [REPL]
Equity
UNITED STATES
76029N106
1,520
19.56
29,731.20
0.5
NEXTERA ENERGY INC COMMON STOCK USD.01 [NEE]
Equity
UNITED STATES
65339F101
366
79.11
28,954.26
0.4
UNIQURE NV COMMON STOCK EUR.05 [QURE]
Equity
UNITED STATES
N90064101
1,366
20.84
28,467.44
0.4
ZOOM VIDEO COMMUNICATIONS A COMMON STOCK USD.001 [ZM]
Equity
UNITED STATES
98980L101
217
120.42
26,131.14
0.4
BICYCLE THERAPEUTICS PLC ADR ADR USD.01 [BCYC]
Equity
UNITED STATES
088786108
1,369
18.47
25,285.43
0.4
IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 [IOVA]
Equity
UNITED STATES
462260100
2,019
11.57
23,359.83
0.4
AUTOLUS THERAPEUTICS PLC ADR GBP.0000001 [AUTL]
Equity
UNITED STATES
05280R100
7,929
2.79
22,121.91
0.3
HORIZON THERAPEUTICS PLC COMMON STOCK USD.0001 [HZNP]
Equity
UNITED STATES
G46188101
226
82.76
18,703.76
0.3
PELOTON INTERACTIVE INC A COMMON STOCK USD.000025 [PTON]
Equity
UNITED STATES
70614W100
1,733
10.41
18,040.53
0.3
FATE THERAPEUTICS INC COMMON STOCK USD.001 [FATE]
Equity
UNITED STATES
31189P102
610
29.10
17,751.00
0.3
DELIVEROO PLC COMMON STOCK GBP.005 [ROO]
Equity
UNITED KINGDOM
BNC5T3908
15,532
1.11
17,242.61
0.3
KYMERA THERAPEUTICS INC COMMON STOCK [KYMR]
Equity
UNITED STATES
501575104
686
23.66
16,230.76
0.2
SYNLOGIC INC COMMON STOCK USD.001 [SYBX]
Equity
UNITED STATES
87166L100
16,352
0.99
16,188.48
0.2
MICROSTRATEGY INC CL A COMMON STOCK USD.001 [MSTR]
Equity
UNITED STATES
594972408
85
187.68
15,952.80
0.2
INVITAE CORP COMMON STOCK USD.0001 [NVTA]
Equity
UNITED STATES
46185L103
5,167
2.97
15,345.99
0.2
AKOUOS INC COMMON STOCK [AKUS]
Equity
UNITED STATES
00973J101
3,764
3.46
13,023.44
0.2
COINBASE GLOBAL INC CLASS A COMMON STOCK USD.00001 [COIN]
Equity
UNITED STATES
19260Q107
224
55.41
12,411.84
0.2
AUTO1 GROUP SE COMMON STOCK [AG1]
Equity
GERMANY
ACI1VFC77
1,716
7.007
12,023.81
0.2
MAGENTA THERAPEUTICS INC COMMON STOCK USD.001 [MGTA]
Equity
UNITED STATES
55910K108
7,899
1.26
9,952.74
0.2
TCR2 THERAPEUTICS INC COMMON STOCK USD.0001 [TCRR]
Equity
UNITED STATES
87808K106
3,367
2.94
9,898.98
0.2
C4 THERAPEUTICS INC COMMON STOCK [CCCC]
Equity
UNITED STATES
12529R107
1,075
8.73
9,384.75
0.1
PRECISION BIOSCIENCES INC COMMON STOCK [DTIL]
Equity
UNITED STATES
74019P108
4,820
1.61
7,760.20
0.1
FREELINE THERAPEUTICS HOLDIN ADR [FRLN]
Equity
UNITED STATES
35655L107
7,114
1.00
7,114.00
0.1
CABALETTA BIO INC COMMON STOCK USD.00001 [CABA]
Equity
UNITED STATES
12674W109
5,734
1.15
6,594.10
0.1
CARVANA CO COMMON STOCK USD.001 [CVNA]
Equity
UNITED STATES
146869102
177
27.58
4,881.66
0.1
LOGICBIO THERAPEUTICS INC COMMON STOCK USD.0001 [LOGC]
Equity
UNITED STATES
54142F102
10,770
0.40
4,308.00
0.1
CHF999999
Spot (N/A for Lot Level Data and Cash)
SWITZERLAND
--
-10,051.1
0.968
10,379.61
0.0
Total
--
--
--
--
--
6,459
97.8
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.2
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
as of 5/31/2022
Economic Sector
Disruptive Innovation ETF %
S&P 500 Index %
Information Technology
51.4
27.1
Health Care
16.2
14.4
Consumer Discretionary
14.6
10.9
Communication Services
14.5
10.1
Materials
2.2
2.8
Financials
0.7
11.2
Utilities
0.4
3.0
Consumer Staples
0.0
6.5
Energy
0.0
4.8
Industrials
0.0
7.8
Real Estate
0.0
2.8
Investment Team
Harbor Capital Advisors, Inc
The Fund employs a multi-manager approach to achieve its investment objective offering the expertise of multiple investment managers in one Fund. As the fund sponsor, Harbor Capital assumes responsibility for selecting and overseeing underlying managers for the Fund. Each underlying manager is responsible for submitting a model portfolio to Harbor Capital, which the portfolio managers will implement in their discretion. The portfolio managers will handle the assigned allocation within the fund and will adjust over time based upon both qualitative and quantitative assessments of each strategy to enhance the investment outcome for the Fund.
The Fund employs a multi-manager approach to achieve its investment objective offering the expertise of multiple investment managers in one Fund. As the fund sponsor, Harbor Capital assumes responsibility for selecting and overseeing underlying managers for the Fund. Each underlying manager is responsible for submitting a model portfolio to Harbor Capital, which the portfolio managers will implement in their discretion. The portfolio managers will handle the assigned allocation within the fund and will adjust over time based upon both qualitative and quantitative assessments of each strategy to enhance the investment outcome for the Fund.
![Kristof Gleich, CFA]()
Kristof Gleich, CFA
President & CIO of Harbor Capital Advisors, Inc.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
![Spenser Lerner, CFA]()
Spenser Lerner, CFA
Head of Multi-Asset Solutions, Managing Director and Portfolio Manager
Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.
Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.
![Kristof Gleich, CFA]()
Kristof Gleich, CFA
President & CIO of Harbor Capital Advisors, Inc.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
![Spenser Lerner, CFA]()
Spenser Lerner, CFA
Head of Multi-Asset Solutions, Managing Director and Portfolio Manager
Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.
Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.
Documents
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. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities issuers in emerging market regions. Investing in REITs will subject the Fund to additional risk.
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.
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.