
Harbor Disruptive Innovation ETF (INNO)
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.
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
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 9/21/2023
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
MICROSOFT CORP [MSFT]
EQUITY
594918104
3,823
319.53
1,221,563.19
4.4
AMAZON.COM INC [AMZN]
EQUITY
023135106
8,234
129.33
1,064,903.22
3.8
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
9,096
96.11
874,216.56
3.1
LAM RESEARCH CORP [LRCX]
EQUITY
512807108
1,388
610.39
847,221.32
3.0
SERVICENOW INC [NOW]
EQUITY
81762P102
1,527
549.53
839,132.31
3.0
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
632
1,293.28
817,352.96
2.9
DANAHER CORP [DHR]
EQUITY
235851102
2,611
249.63
651,783.93
2.3
TESLA INC [TSLA]
EQUITY
88160R101
2,352
255.70
601,406.40
2.2
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,626
228.58
600,251.08
2.2
LINDE PLC [LIN]
EQUITY
G54950103
1,608
372.44
598,883.52
2.1
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
3,538
160.40
567,495.20
2.0
ASML HOLDING NV [ASML]
EQUITY
ACI02GTQ9
956
588.405
562,514.79
2.0
PROGRESSIVE CORP [PGR]
EQUITY
743315103
3,910
142.40
556,784.00
2.0
DELIVEROO PLC [ROO]
EQUITY
BNC5T3908
392,117
1.379
540,837.07
1.9
FISERV INC [FI]
EQUITY
337738108
4,543
116.72
530,258.96
1.9
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
4,034
130.44
526,194.96
1.9
SHOPIFY INC - CLASS A [SHOP]
EQUITY
82509L107
8,539
53.70
458,544.30
1.6
BLOCK INC [SQ]
EQUITY
852234103
9,995
45.62
455,971.90
1.6
NVIDIA CORP [NVDA]
EQUITY
67066G104
1,071
410.17
439,292.07
1.6
SAMSARA INC-CL A [IOT]
EQUITY
79589L106
18,643
23.55
439,042.65
1.6
SALESFORCE INC [CRM]
EQUITY
79466L302
1,988
208.61
414,716.68
1.5
UNITED RENTALS INC [URI]
EQUITY
911363109
934
435.74
406,981.16
1.5
DOORDASH INC - A [DASH]
EQUITY
25809K105
5,005
75.61
378,428.05
1.4
AGORA INC-ADR [API]
EQUITY
00851L103
146,247
2.52
368,542.44
1.3
SPLUNK INC [SPLK]
EQUITY
848637104
2,551
144.43
368,440.93
1.3
CLOUDFLARE INC - CLASS A [NET]
EQUITY
18915M107
6,381
56.55
360,845.55
1.3
DEXCOM INC [DXCM]
EQUITY
252131107
3,861
89.08
343,937.88
1.2
ROCKET PHARMACEUTICALS INC [RCKT]
EQUITY
77313F106
16,410
20.84
341,984.40
1.2
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
2,178
149.03
324,587.34
1.2
T-MOBILE US INC [TMUS]
EQUITY
872590104
2,282
139.99
319,457.18
1.1
CHART INDUSTRIES INC [GTLS]
EQUITY
16115Q308
1,929
164.96
318,207.84
1.1
OKTA INC [OKTA]
EQUITY
679295105
3,885
81.13
315,190.05
1.1
DADA NEXUS LTD-ADR [DADA]
EQUITY
23344D108
73,631
4.23
311,459.13
1.1
HUBSPOT INC [HUBS]
EQUITY
443573100
645
480.36
309,832.20
1.1
ADYEN NV [ADYEN]
EQUITY
BZ1HM4902
451
672.401
303,253.07
1.1
ASCENDIS PHARMA A/S - ADR [ASND]
EQUITY
04351P101
3,094
95.44
295,291.36
1.1
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
942
295.73
278,577.66
1.0
CHIPOTLE MEXICAN GRILL INC [CMG]
EQUITY
169656105
148
1,866.01
276,169.48
1.0
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
2,025
135.19
273,759.75
1.0
KRYSTAL BIOTECH INC [KRYS]
EQUITY
501147102
2,295
118.77
272,577.15
1.0
DATADOG INC - CLASS A [DDOG]
EQUITY
23804L103
3,039
88.42
268,708.38
1.0
FORTINET INC [FTNT]
EQUITY
34959E109
4,437
58.78
260,806.86
0.9
ELI LILLY & CO [LLY]
EQUITY
532457108
467
550.13
256,910.71
0.9
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
1,845
132.75
244,923.75
0.9
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
1,052
230.17
242,138.84
0.9
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,243
189.95
236,107.85
0.8
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
1,032
227.44
234,718.08
0.8
SMARTSHEET INC-CLASS A [SMAR]
EQUITY
83200N103
5,740
39.91
229,083.40
0.8
LATTICE SEMICONDUCTOR CORP [LSCC]
EQUITY
518415104
2,695
82.87
223,334.65
0.8
PROCORE TECHNOLOGIES INC [PCOR]
EQUITY
74275K108
3,495
62.96
220,045.20
0.8
AUTOLUS THERAPEUTICS PLC [AUTL]
EQUITY
05280R100
81,900
2.67
218,673.00
0.8
ICON PLC [ICLR]
EQUITY
G4705A100
838
251.87
211,067.06
0.8
MONGODB INC [MDB]
EQUITY
60937P106
553
333.62
184,491.86
0.7
THERMO FISHER SCIENTIFIC INC [TMO]
EQUITY
883556102
355
501.59
178,064.45
0.6
MICROCHIP TECHNOLOGY INC [MCHP]
EQUITY
595017104
2,302
76.09
175,159.18
0.6
COGNEX CORP [CGNX]
EQUITY
192422103
4,000
42.57
170,280.00
0.6
LONZA GROUP AG-REG [LONN]
EQUITY
733337901
361
471.414
170,180.58
0.6
MODERNA INC [MRNA]
EQUITY
60770K107
1,639
100.23
164,276.97
0.6
REGENXBIO INC [RGNX]
EQUITY
75901B107
8,953
17.62
157,751.86
0.6
ARROWHEAD PHARMACEUTICALS IN [ARWR]
EQUITY
04280A100
5,765
27.23
156,980.95
0.6
TOAST INC-CLASS A [TOST]
EQUITY
888787108
8,393
18.55
155,690.15
0.6
BICYCLE THERAPEUTICS PLC-ADR [BCYC]
EQUITY
088786108
6,931
21.55
149,363.05
0.5
REPARE THERAPEUTICS INC [RPTX]
EQUITY
760273102
12,049
12.33
148,564.17
0.5
REPLIMUNE GROUP INC [REPL]
EQUITY
76029N106
8,723
16.80
146,546.40
0.5
FARFETCH LTD-CLASS A [FTCH]
EQUITY
30744W107
70,606
1.94
136,975.64
0.5
INSPIRE MEDICAL SYSTEMS INC [INSP]
EQUITY
457730109
711
191.21
135,950.31
0.5
ALKERMES PLC [ALKS]
EQUITY
G01767105
4,535
29.71
134,734.85
0.5
CATALENT INC [CTLT]
EQUITY
148806102
2,859
46.55
133,086.45
0.5
LEGEND BIOTECH CORP-ADR [LEGN]
EQUITY
52490G102
2,001
63.54
127,143.54
0.5
DYNATRACE INC [DT]
EQUITY
268150109
2,701
46.42
125,380.42
0.4
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
3,696
33.53
123,926.88
0.4
IDEXX LABORATORIES INC [IDXX]
EQUITY
45168D104
266
438.65
116,680.90
0.4
BIO-RAD LABORATORIES-A [BIO]
EQUITY
090572207
318
357.30
113,621.40
0.4
ARVINAS INC [ARVN]
EQUITY
04335A105
4,786
23.10
110,556.60
0.4
COOPER COS INC/THE [COO]
EQUITY
216648402
336
328.39
110,339.04
0.4
NEXTERA ENERGY INC [NEE]
EQUITY
65339F101
1,497
66.91
100,164.27
0.4
HUBBELL INC [HUBB]
EQUITY
443510607
325
304.46
98,949.50
0.4
IOVANCE BIOTHERAPEUTICS INC [IOVA]
EQUITY
462260100
18,570
5.035
93,499.95
0.3
INSULET CORP [PODD]
EQUITY
45784P101
577
159.93
92,279.61
0.3
MASIMO CORP [MASI]
EQUITY
574795100
909
97.03
88,200.27
0.3
SEA LTD-ADR [SE]
EQUITY
81141R100
2,357
35.95
84,734.15
0.3
BOX INC - CLASS A [BOX]
EQUITY
10316T104
3,418
24.47
83,638.46
0.3
LANTHEUS HOLDINGS INC [LNTH]
EQUITY
516544103
1,289
60.27
77,688.03
0.3
ALLOGENE THERAPEUTICS INC [ALLO]
EQUITY
019770106
19,617
3.72
72,975.24
0.3
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
4,160
17.37
72,259.20
0.3
SAREPTA THERAPEUTICS INC [SRPT]
EQUITY
803607100
561
119.55
67,067.55
0.2
AVIDITY BIOSCIENCES INC [RNA]
EQUITY
05370A108
8,593
6.96
59,807.28
0.2
UNIQURE NV [QURE]
EQUITY
N90064101
7,299
7.09
51,749.91
0.2
INVITAE CORP [NVTA]
EQUITY
46185L103
64,315
0.698
44,904.73
0.2
C4 THERAPEUTICS INC [CCCC]
EQUITY
12529R107
20,242
2.19
44,329.98
0.2
SYNLOGIC INC [SYBX]
EQUITY
87166L100
91,916
0.345
31,711.02
0.1
ADAPTIMMUNE THERAPEUTICS-ADR [ADAP]
EQUITY
00653A107
38,483
0.768
29,551.10
0.1
89BIO INC [ETNB]
EQUITY
282559103
1,642
15.64
25,680.88
0.1
PRECISION BIOSCIENCES INC [DTIL]
EQUITY
74019P108
37,960
0.393
14,918.28
0.1
FREELINE THERAPEUTICS HOLDIN [FRLN]
EQUITY
35655L206
3,580
3.79
13,568.20
0.0
FATE THERAPEUTICS INC [FATE]
EQUITY
31189P102
4,239
2.19
9,283.41
0.0
EURO CURRENCY
CASH
--
--
0.01
1.066
0.01
0.0
Total
--
--
--
--
--
27,205
97.4
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.6
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
As of 8/31/2023
Disruptive Innovation ETF (INNO)
S&P 500 Index
Information Technology
INNO: 44.3%
Benchmark: 28.2%
Health Care
INNO: 20.7%
Benchmark: 13.1%
Consumer Discretionary
INNO: 14.8%
Benchmark: 10.6%
Financials
INNO: 6.9%
Benchmark: 12.5%
Communication Services
INNO: 4.9%
Benchmark: 8.8%
Industrials
INNO: 2.8%
Benchmark: 8.4%
Materials
INNO: 2.1%
Benchmark: 2.5%
Consumer Staples
INNO: 1.2%
Benchmark: 6.6%
Utilities
INNO: 0.3%
Benchmark: 2.4%
Energy
INNO: 0.0%
Benchmark: 4.4%
Real Estate
INNO: 0.0%
Benchmark: 2.4%
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.