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Invests in leading edge, industry transforming companies across markets
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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
As of 3/29/2023
Investment Objective:
The Fund seeks long-term growth of capital
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
1 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Disruptive Innovation ETF
-2.25%
-44.91%
-44.91%
-42.94%
0.75%
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.
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
--
--
--
0.00000
12/22/2021
12/23/2021
12/28/2021
--
--
--
0.00000
Holdings
Full Holdings
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%
Sector Allocation
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
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.
Documents
Name
Date
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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