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Harbor Disruptive Innovation ETF (INNO)

Invests in leading edge, industry transforming companies across markets

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Welcome

Why invest in INNO?

We believe that companies poised to displace pre-existing goods, services, and industry leaders have the potential to generate strong levels of growth over time.

Harbor’s Multi-Asset Solutions Team employs an active multi-strategy approach with the goal of providing enhanced diversification benefits and mitigating portfolio risk through the low correlation of excess returns across the strategy’s underlying managers.

The portfolio offers exposure to leading edge, industry transforming companies across sectors, market cap ranges, and regions which can help enable diversification and enhance investors’ opportunity set.



NYSE What's the Fund: Harbor Disruptive Innovation ETF (INNO)

Hear from Spenser Lerner, Harbor’s Head of Multi-Asset Solutions, on what’s different about Harbor’s approach to disruptive innovation.

 

Video used with permission of © NYSE Group, Inc.

The Harbor Disruptive Innovation ETF seeks to invest in leading edge, industry transforming companies across sectors, market cap ranges, and regions which can help 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

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

Current Price

Current Price

As of 3/29/2023

$12.29

Price (NAV)

$0.25

NAV Daily Change ($)

2.08%

NAV Daily Change (%)

12.96%

NAV YTD Return

$12.28

Market Price

$0.25

Market Daily Change ($)

2.08%

Market Daily Change (%)

12.97%

Market YTD Return

Fund Facts

As of 3/29/2023

12/1/2021

Inception Date

0.75

Expense Ratio (%)
disclaimer

$26.423

Total Net Assets (million)

2,150,000

Shares Outstanding
(As of 3/30/2023)

INNO

Ticker

41151J307

Cusip

NYSE

Exchange

US41151J3077

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Mid Cap Growth

Morningstar Category

The S&P 500 Index & The Russell 3000® Growth Index

Benchmark

Investment Objective:

The Fund seeks long-term growth of capital

Pricing/Trading

As of 3/29/2023

$12.29

Bid/Ask Mid Price

$12.28

Closing Market Price

$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)

 

2022

Q1 2023

YTD

Days Traded at a Premium1903535
Days Traded at a Discount612525

0.49%

30-Day Median Bid/Ask Spread

2,143

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

left quote

A distinct multi-strategy approach to accessing innovation

Harbor Disruptive Innovation seeks to offer diverse exposure to leading edge

transformational companies across market segments.

right quote

Performance

Total Returns

Quarter-End

Fund Name

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Disruptive Innovation ETF

-2.25%

-44.91%

-44.91%

-42.94%

0.75%disclaimer

0.75%

Fund Market Price

-2.25%

-45.07%

-45.07%

-42.99%

--

--

S&P 500 Index

7.56%

-18.11%

-18.11%

-12.44%

--

--

Russell 3000® Growth Index

2.31%

-28.97%

-28.97%

-24.41%

--

--

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 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.

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

--

--

--

0.00000

12/22/2021

12/23/2021

12/28/2021

--

--

--

0.00000

Holdings

Portfolio Characteristics

As of 2/28/2023

96

Number of Holdings

160457.1

Wtd Avg Market Cap ($Mil)

7.92

Price/Book Ratio

44.3

Adjusted Trailing P/E Ratio

20.9

% EPS Growth - Past 3 Yr

6.1

Return on Equity (%)

36.4

Forecasted P/E Ratio

Top Ten Holdings

As of 3/29/2023

Company Name [Ticker]

% of Net Assets

WORKDAY INC CLASS A COMMON STOCK USD.001[WDAY]

3.8

LAM RESEARCH CORP COMMON STOCK USD.001[LRCX]

3.7

MERCADOLIBRE INC COMMON STOCK USD.001[MELI]

3.6

ADYEN NV COMMON STOCK EUR.01[ADYEN]

3.4

SERVICENOW INC COMMON STOCK USD.001[NOW]

3.4

AMAZON.COM INC COMMON STOCK USD.01[AMZN]

3.2

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

2.7

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001[MCHP]

2.7

TEXAS INSTRUMENTS INC COMMON STOCK USD1.0[TXN]

2.3

OKTA INC COMMON STOCK[OKTA]

2.2

% of Total Holdings:

31.0%

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

WORKDAY INC CLASS A COMMON STOCK USD.001 [WDAY]

Equity

98138H101

5,060

198.25

1,003,145.00

3.8

LAM RESEARCH CORP COMMON STOCK USD.001 [LRCX]

Equity

512807108

1,906

515.75

983,019.50

3.7

MERCADOLIBRE INC COMMON STOCK USD.001 [MELI]

Equity

58733R102

772

1,224.88

945,607.36

3.6

ADYEN NV COMMON STOCK EUR.01 [ADYEN]

Equity

BZ1HM4902

599

1,518.103

909,343.75

3.4

SERVICENOW INC COMMON STOCK USD.001 [NOW]

Equity

81762P102

2,052

438.44

899,678.88

3.4

AMAZON.COM INC COMMON STOCK USD.01 [AMZN]

Equity

023135106

8,419

100.25

844,004.75

3.2

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

Equity

127387108

3,449

206.00

710,494.00

2.7

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]

Equity

595017104

8,684

80.87

702,275.08

2.7

TEXAS INSTRUMENTS INC COMMON STOCK USD1.0 [TXN]

Equity

882508104

3,362

181.04

608,656.48

2.3

OKTA INC COMMON STOCK [OKTA]

Equity

679295105

7,041

84.19

592,781.79

2.2

BALL CORP COMMON STOCK [BALL]

Equity

058498106

10,913

53.90

588,210.70

2.2

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

Equity

049468101

3,700

158.89

587,893.00

2.2

T MOBILE US INC COMMON STOCK USD.0001 [TMUS]

Equity

872590104

4,039

143.81

580,848.59

2.2

NEXTERA ENERGY INC COMMON STOCK USD.01 [NEE]

Equity

65339F101

7,401

76.11

563,290.11

2.1

DANAHER CORP COMMON STOCK USD.01 [DHR]

Equity

235851102

1,985

247.21

490,711.85

1.9

CLOUDFLARE INC CLASS A COMMON STOCK USD.001 [NET]

Equity

18915M107

8,263

57.09

471,734.67

1.8

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

Equity

02079K107

4,559

101.90

464,562.10

1.8

ASML HOLDING NV COMMON STOCK EUR.09 [ASML]

Equity

ACI02GTQ9

691

656.717

453,791.63

1.7

FISERV INC COMMON STOCK USD.01 [FISV]

Equity

337738108

3,942

111.84

440,873.28

1.7

DEXCOM INC COMMON STOCK USD.001 [DXCM]

Equity

252131107

3,699

113.96

421,538.04

1.6

SNOWFLAKE INC CLASS A COMMON STOCK [SNOW]

Equity

833445109

2,834

137.46

389,561.64

1.5

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

594918104

1,376

280.51

385,981.76

1.5

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

Equity

02079K305

3,783

101.39

383,558.37

1.5

SALESFORCE INC COMMON STOCK USD.001 [CRM]

Equity

79466L302

1,882

196.64

370,076.48

1.4

BLOCK INC COMMON STOCK USD.0000001 [SQ]

Equity

852234103

5,322

66.49

353,859.78

1.3

ICON PLC COMMON STOCK EUR.06 [ICLR]

Equity

G4705A100

1,639

210.58

345,140.62

1.3

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

Equity

79589L106

18,055

18.71

337,809.05

1.3

ADVANCED MICRO DEVICES COMMON STOCK USD.01 [AMD]

Equity

007903107

3,446

96.09

331,126.14

1.3

PROGRESSIVE CORP COMMON STOCK USD1.0 [PGR]

Equity

743315103

2,245

144.48

324,357.60

1.2

ASCENDIS PHARMA A/S ADR ADR DKK1.0 [ASND]

Equity

04351P101

2,847

110.585

314,835.50

1.2

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

Equity

009066101

2,589

118.80

307,573.20

1.2

SEA LTD ADR ADR [SE]

Equity

81141R100

3,527

85.56

301,770.12

1.1

CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01 [CMG]

Equity

169656105

181

1,656.72

299,866.32

1.1

NVIDIA CORP COMMON STOCK USD.001 [NVDA]

Equity

67066G104

1,045

269.84

281,982.80

1.1

SHOPIFY INC CLASS A COMMON STOCK [SHOP]

Equity

82509L107

5,857

46.70

273,521.90

1.0

WOLFSPEED INC COMMON STOCK USD.00125 [WOLF]

Equity

977852102

3,961

63.95

253,305.95

1.0

FORTINET INC COMMON STOCK USD.001 [FTNT]

Equity

34959E109

3,869

64.81

250,749.89

0.9

ALKERMES PLC COMMON STOCK USD.01 [ALKS]

Equity

G01767105

8,941

27.92

249,632.72

0.9

HUBSPOT INC COMMON STOCK USD.001 [HUBS]

Equity

443573100

604

411.68

248,654.72

0.9

APPLIED MATERIALS INC COMMON STOCK USD.01 [AMAT]

Equity

038222105

1,886

119.85

226,037.10

0.9

TESLA INC COMMON STOCK USD.001 [TSLA]

Equity

88160R101

1,121

193.88

217,339.48

0.8

SMARTSHEET INC CLASS A COMMON STOCK [SMAR]

Equity

83200N103

4,565

46.90

214,098.50

0.8

ROCKET PHARMACEUTICALS INC COMMON STOCK USD.01 [RCKT]

Equity

77313F106

12,557

16.75

210,329.75

0.8

PROCORE TECHNOLOGIES INC COMMON STOCK USD.0001 [PCOR]

Equity

74275K108

3,280

59.60

195,488.00

0.7

DOORDASH INC A COMMON STOCK USD.00001 [DASH]

Equity

25809K105

3,104

59.86

185,805.44

0.7

PALO ALTO NETWORKS INC COMMON STOCK USD.0001 [PANW]

Equity

697435105

860

192.19

165,283.40

0.6

DELIVEROO PLC COMMON STOCK GBP.005 [ROO]

Equity

BNC5T3908

155,502

1.062

165,154.93

0.6

MONGODB INC COMMON STOCK USD.001 [MDB]

Equity

60937P106

759

217.40

165,006.60

0.6

INSULET CORP COMMON STOCK USD.001 [PODD]

Equity

45784P101

523

312.90

163,646.70

0.6

CHART INDUSTRIES INC COMMON STOCK USD.01 [GTLS]

Equity

16115Q308

1,285

119.97

154,161.45

0.6

LANTHEUS HOLDINGS INC COMMON STOCK USD.01 [LNTH]

Equity

516544103

1,887

79.32

149,676.84

0.6

ELI LILLY + CO COMMON STOCK [LLY]

Equity

532457108

433

335.87

145,431.71

0.6

LONZA GROUP AG REG COMMON STOCK CHF1.0 [LO3]

Equity

733337901

249

583.338

145,251.13

0.5

TOAST INC CLASS A COMMON STOCK USD.000001 [TOST]

Equity

888787108

8,585

16.85

144,657.25

0.5

THERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.0 [TMO]

Equity

883556102

247

555.15

137,122.05

0.5

DATADOG INC CLASS A COMMON STOCK USD.00001 [DDOG]

Equity

23804L103

1,969

68.10

134,088.90

0.5

BIO RAD LABORATORIES A COMMON STOCK USD.0001 [BIO]

Equity

090572207

270

471.97

127,431.90

0.5

CATALENT INC COMMON STOCK USD.01 [CTLT]

Equity

148806102

1,877

66.91

125,590.07

0.5

UNITEDHEALTH GROUP INC COMMON STOCK USD.01 [UNH]

Equity

91324P102

268

466.59

125,046.12

0.5

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

Equity

30303M102

605

205.35

124,236.75

0.5

IDEXX LABORATORIES INC COMMON STOCK USD.1 [IDXX]

Equity

45168D104

253

487.62

123,367.86

0.5

KRYSTAL BIOTECH INC COMMON STOCK USD.00001 [KRYS]

Equity

501147102

1,535

80.00

122,800.00

0.5

COOPER COS INC/THE COMMON STOCK USD.1 [COO]

Equity

216648402

332

361.82

120,124.24

0.5

AVIDITY BIOSCIENCES INC COMMON STOCK [RNA]

Equity

05370A108

5,418

20.20

109,443.60

0.4

REGENXBIO INC COMMON STOCK USD.0001 [RGNX]

Equity

75901B107

5,763

18.95

109,208.85

0.4

REPLIMUNE GROUP INC COMMON STOCK USD.001 [REPL]

Equity

76029N106

5,579

18.94

105,666.26

0.4

BICYCLE THERAPEUTICS PLC ADR ADR USD.01 [BCYC]

Equity

088786108

4,552

23.20

105,606.40

0.4

DYNATRACE INC COMMON STOCK USD.001 [DT]

Equity

268150109

2,501

40.42

101,090.42

0.4

AUTOLUS THERAPEUTICS PLC ADR GBP.0000001 [AUTL]

Equity

05280R100

52,731

1.80

94,915.80

0.4

UNIQURE NV COMMON STOCK EUR.05 [QURE]

Equity

N90064101

4,653

20.21

94,037.13

0.4

SAREPTA THERAPEUTICS INC COMMON STOCK USD.0001 [SRPT]

Equity

803607100

686

136.56

93,680.16

0.4

SPLUNK INC COMMON STOCK USD.001 [SPLK]

Equity

848637104

1,019

91.47

93,207.93

0.4

ARROWHEAD PHARMACEUTICALS IN COMMON STOCK USD.001 [ARWR]

Equity

04280A100

3,707

24.74

91,711.18

0.3

INTELLIA THERAPEUTICS INC COMMON STOCK USD.0001 [NTLA]

Equity

45826J105

2,399

37.56

90,106.44

0.3

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

Equity

70614W100

8,510

10.41

88,589.10

0.3

ARVINAS INC COMMON STOCK USD.001 [ARVN]

Equity

04335A105

3,105

27.87

86,536.35

0.3

IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 [IOVA]

Equity

462260100

12,136

6.63

80,461.68

0.3

INSPIRE MEDICAL SYSTEMS INC COMMON STOCK USD.001 [INSP]

Equity

457730109

329

242.00

79,618.00

0.3

KYMERA THERAPEUTICS INC COMMON STOCK [KYMR]

Equity

501575104

2,675

29.56

79,073.00

0.3

REPARE THERAPEUTICS INC COMMON STOCK [RPTX]

Equity

760273102

7,991

9.74

77,832.34

0.3

APELLIS PHARMACEUTICALS INC COMMON STOCK USD.0001 [APLS]

Equity

03753U106

1,029

66.18

68,099.22

0.3

ALLOGENE THERAPEUTICS INC COMMON STOCK USD.001 [ALLO]

Equity

019770106

12,544

5.11

64,099.84

0.2

PROMETHEUS BIOSCIENCES INC COMMON STOCK USD.0001 [RXDX]

Equity

74349U108

506

111.29

56,312.74

0.2

INVITAE CORP COMMON STOCK USD.0001 [NVTA]

Equity

46185L103

39,046

1.24

48,417.04

0.2

KARUNA THERAPEUTICS INC COMMON STOCK USD.00001 [KRTX]

Equity

48576A100

255

180.62

46,058.10

0.2

C4 THERAPEUTICS INC COMMON STOCK [CCCC]

Equity

12529R107

12,646

3.40

42,996.40

0.2

SYNLOGIC INC COMMON STOCK USD.001 [SYBX]

Equity

87166L100

62,693

0.63

39,496.59

0.1

MAGENTA THERAPEUTICS INC COMMON STOCK USD.001 [MGTA]

Equity

55910K108

36,122

0.78

28,175.16

0.1

89BIO INC COMMON STOCK USD.001 [ETNB]

Equity

282559103

1,537

15.81

24,299.97

0.1

TCR2 THERAPEUTICS INC COMMON STOCK USD.0001 [TCRR]

Equity

87808K106

16,074

1.45

23,307.30

0.1

PRECISION BIOSCIENCES INC COMMON STOCK [DTIL]

Equity

74019P108

24,005

0.758

18,195.79

0.1

FATE THERAPEUTICS INC COMMON STOCK USD.001 [FATE]

Equity

31189P102

2,593

5.55

14,391.15

0.1

FREELINE THERAPEUTICS HOLDIN ADR [FRLN]

Equity

35655L107

25,873

0.452

11,704.95

0.0

POUND STERLING

Cash (N/A for Lot Level Data)

--

-0.01

1.231

-0.01

0.0

Total

--

--

--

--

--

25,119

95.2

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

4.8

Total Net Assets

--

--

--

--

--

--

100%

As of 2/28/2023

Disruptive Innovation ETF (INNO)

S&P 500 Index

-

Information Technology

INNO: 52.2%

Benchmark: 27.3%

-

Health Care

INNO: 20.5%

Benchmark: 14.4%

-

Consumer Discretionary

INNO: 11.7%

Benchmark: 10.6%

-

Communication Services

INNO: 6.5%

Benchmark: 7.7%

-

Materials

INNO: 2.4%

Benchmark: 2.8%

-

Utilities

INNO: 1.7%

Benchmark: 2.8%

-

Financials

INNO: 1.3%

Benchmark: 11.8%

-

Industrials

INNO: 0.6%

Benchmark: 8.6%

-

Consumer Staples

INNO: 0.0%

Benchmark: 6.7%

-

Energy

INNO: 0.0%

Benchmark: 4.8%

-

Real Estate

INNO: 0.0%

Benchmark: 2.7%

INNO: Disruptive Innovation ETF

Benchmark: S&P 500 Index

Investment Team


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

The Fund employs a multi-manager approach in an effort 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 aiming to enhance the investment outcome for the Fund.

Learn more about Harbor Multi-Asset Solutions

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. 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.

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.

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.

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).

Alpha refers to excess returns earned on an investment.

Diversification does not assure a profit or protect against loss in a declining market.

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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.

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