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Harbor Disruptive Innovation ETF (INNO)

Invests in leading edge, industry transforming companies across markets

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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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

As of 3/27/2024

$16.29

Price (NAV)

$0.03

NAV Daily Change ($)

0.18%

NAV Daily Change (%)

12.50%

NAV YTD Return

$16.30

Market Price

$0.03

Market Daily Change ($)

0.18%

Market Daily Change (%)

12.65%

Market YTD Return

Fund Facts

As of 3/27/2024

12/1/2021

Inception Date

0.75

Expense Ratio (%)
disclaimer

$34.201

Total Net Assets (million)

2,100,000

Shares Outstanding
(As of 3/28/2024)

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 3/27/2024

$16.31

Bid/Ask Mid Price

$16.30

Closing Market Price

$0.02

Premium/Discount ($)

0.12%

Premium/Discount (%)

0.49%

30-Day Median Bid/Ask Spread

3,026

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

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

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Disruptive Innovation ETF - at NAV
17.34%
33.09%
33.09%
-14.35%
0.75%disclaimer
0.75%
Fund Market Price
17.45%
33.12%
33.12%
-14.38%
--
--
S&P 500 Index
11.69%
26.29%
26.29%
4.37%
--
--
Russell 3000® Growth Index
14.09%
41.21%
41.21%
2.01%
--
--

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

12/21/2023
12/22/2023
12/27/2023
--
--
--
0.00000
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 2/29/2024

92

Number of Holdings

365961.4

Wtd Avg Market Cap ($Mil)

9.09

Price/Book Ratio

56.6

Adjusted Trailing P/E Ratio

16.7

% EPS Growth - Past 3 Yr

10.11

Return on Equity (%)

45.4

Forecasted P/E Ratio

Top Ten Holdings

As of 3/27/2024

Company Name [Ticker]

% of Net Assets

MICROSOFT CORP[MSFT]
4.9
LAM RESEARCH CORP[LRCX]
3.8
SERVICENOW INC[NOW]
2.9
ASML HOLDING NV[ASML]
2.8
ADVANCED MICRO DEVICES[AMD]
2.5
NVIDIA CORP[NVDA]
2.5
PROGRESSIVE CORP[PGR]
2.5
CADENCE DESIGN SYS INC[CDNS]
2.5
MERCADOLIBRE INC[MELI]
2.4
LINDE PLC[LIN]
2.4
% of Total Holdings:
29.2%

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 3/27/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

MICROSOFT CORP [MSFT]
EQUITY
594918104
3,944
421.43
1,662,119.92
4.9
LAM RESEARCH CORP [LRCX]
EQUITY
512807108
1,329
965.67
1,283,375.43
3.8
SERVICENOW INC [NOW]
EQUITY
81762P102
1,285
759.00
975,315.00
2.9
ASML HOLDING NV [ASML]
EQUITY
ACI02GTQ9
984
969.278
953,769.60
2.8
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
4,816
179.59
864,905.44
2.5
NVIDIA CORP [NVDA]
EQUITY
67066G104
945
902.50
852,862.50
2.5
PROGRESSIVE CORP [PGR]
EQUITY
743315103
4,130
206.15
851,399.50
2.5
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,696
311.34
839,372.64
2.5
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
548
1,522.65
834,412.20
2.4
LINDE PLC [LIN]
EQUITY
G54950103
1,773
466.23
826,625.79
2.4
SHOPIFY INC - CLASS A [SHOP]
EQUITY
82509L107
10,358
78.62
814,345.96
2.4
DANAHER CORP [DHR]
EQUITY
235851102
3,204
248.77
797,059.08
2.3
ADYEN NV [ADYEN]
EQUITY
BZ1HM4902
452
1,699.918
768,362.90
2.2
FISERV INC [FI]
EQUITY
337738108
4,745
159.33
756,020.85
2.2
UNITED RENTALS INC [URI]
EQUITY
911363109
1,041
720.15
749,676.15
2.2
AMAZON.COM INC [AMZN]
EQUITY
023135106
4,081
179.83
733,886.23
2.1
SAMSARA INC-CL A [IOT]
EQUITY
79589L106
16,972
38.39
651,555.08
1.9
DOORDASH INC - A [DASH]
EQUITY
25809K105
4,674
138.88
649,125.12
1.9
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
3,687
172.87
637,371.69
1.9
DEXCOM INC [DXCM]
EQUITY
252131107
4,170
139.48
581,631.60
1.7
ASCENDIS PHARMA A/S - ADR [ASND]
EQUITY
04351P101
3,788
148.44
562,290.72
1.6
CLOUDFLARE INC - CLASS A [NET]
EQUITY
18915M107
5,823
96.55
562,210.65
1.6
PROCORE TECHNOLOGIES INC [PCOR]
EQUITY
74275K108
6,865
81.63
560,389.95
1.6
SALESFORCE INC [CRM]
EQUITY
79466L302
1,851
301.38
557,854.38
1.6
ROCKET PHARMACEUTICALS INC [RCKT]
EQUITY
77313F106
19,120
27.25
521,020.00
1.5
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
3,440
150.87
518,992.80
1.5
AUTOLUS THERAPEUTICS PLC [AUTL]
EQUITY
05280R100
82,245
6.24
513,208.80
1.5
CHIPOTLE MEXICAN GRILL INC [CMG]
EQUITY
169656105
165
2,923.46
482,370.90
1.4
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
889
493.86
439,041.54
1.3
KRYSTAL BIOTECH INC [KRYS]
EQUITY
501147102
2,280
177.20
404,016.00
1.2
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
1,846
208.00
383,968.00
1.1
TOAST INC-CLASS A [TOST]
EQUITY
888787108
15,691
24.33
381,762.03
1.1
IOVANCE BIOTHERAPEUTICS INC [IOVA]
EQUITY
462260100
26,531
14.10
374,087.10
1.1
COGNEX CORP [CGNX]
EQUITY
192422103
8,454
42.48
359,125.92
1.1
CHART INDUSTRIES INC [GTLS]
EQUITY
16115Q308
1,979
165.31
327,148.49
1.0
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
2,038
160.04
326,161.52
1.0
HUBSPOT INC [HUBS]
EQUITY
443573100
515
623.33
321,014.95
0.9
DATADOG INC - CLASS A [DDOG]
EQUITY
23804L103
2,567
123.51
317,050.17
0.9
LATTICE SEMICONDUCTOR CORP [LSCC]
EQUITY
518415104
3,976
79.63
316,608.88
0.9
MODERNA INC [MRNA]
EQUITY
60770K107
2,808
110.59
310,536.72
0.9
LONZA GROUP AG-REG [LONN]
EQUITY
733337901
514
591.766
304,167.56
0.9
THERMO FISHER SCIENTIFIC INC [TMO]
EQUITY
883556102
515
579.37
298,375.55
0.9
AVIDITY BIOSCIENCES INC [RNA]
EQUITY
05370A108
11,777
24.67
290,538.59
0.8
ARVINAS INC [ARVN]
EQUITY
04335A105
6,562
41.33
271,207.46
0.8
ICON PLC [ICLR]
EQUITY
G4705A100
779
329.50
256,680.50
0.8
REGENXBIO INC [RGNX]
EQUITY
75901B107
11,523
22.18
255,580.14
0.7
BICYCLE THERAPEUTICS PLC-ADR [BCYC]
EQUITY
088786108
10,083
24.55
247,537.65
0.7
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
5,982
40.17
240,296.94
0.7
CATALENT INC [CTLT]
EQUITY
148806102
4,216
56.48
238,119.68
0.7
SMARTSHEET INC-CLASS A [SMAR]
EQUITY
83200N103
6,190
38.40
237,696.00
0.7
UBER TECHNOLOGIES INC [UBER]
EQUITY
90353T100
2,950
78.11
230,424.50
0.7
C4 THERAPEUTICS INC [CCCC]
EQUITY
12529R107
28,500
8.05
229,425.00
0.7
NICE LTD - SPON ADR [NICE]
EQUITY
653656108
893
255.59
228,241.87
0.7
ARROWHEAD PHARMACEUTICALS IN [ARWR]
EQUITY
04280A100
7,886
28.70
226,328.20
0.7
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,080
193.14
208,591.20
0.6
MONGODB INC [MDB]
EQUITY
60937P106
558
358.80
200,210.40
0.6
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
3,689
51.58
190,278.62
0.6
MONDAY.COM LTD [MNDY]
EQUITY
M7S64H106
794
226.85
180,118.90
0.5
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
622
273.62
170,191.64
0.5
DYNATRACE INC [DT]
EQUITY
268150109
3,526
45.94
161,984.44
0.5
GITLAB INC-CL A [GTLB]
EQUITY
37637K108
2,755
58.75
161,856.25
0.5
ELI LILLY & CO [LLY]
EQUITY
532457108
202
778.18
157,192.36
0.5
BLOCK INC [SQ]
EQUITY
852234103
1,878
83.18
156,212.04
0.5
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
546
282.26
154,113.96
0.5
OKTA INC [OKTA]
EQUITY
679295105
1,403
104.92
147,202.76
0.4
CCC INTELLIGENT SOLUTIONS HO [CCCS]
EQUITY
12510Q100
12,159
11.90
144,692.10
0.4
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
5,304
27.02
143,314.08
0.4
INSPIRE MEDICAL SYSTEMS INC [INSP]
EQUITY
457730109
649
213.50
138,561.50
0.4
ZSCALER INC [ZS]
EQUITY
98980G102
700
193.48
135,436.00
0.4
DRAFTKINGS INC-CL A [DKNG]
EQUITY
26142V105
2,982
45.35
135,233.70
0.4
LEGEND BIOTECH CORP-ADR [LEGN]
EQUITY
52490G102
2,350
56.93
133,785.50
0.4
IDEXX LABORATORIES INC [IDXX]
EQUITY
45168D104
245
539.57
132,194.65
0.4
ALLOGENE THERAPEUTICS INC [ALLO]
EQUITY
019770106
28,462
4.46
126,940.52
0.4
HUBBELL INC [HUBB]
EQUITY
443510607
301
413.86
124,571.86
0.4
COOPER COS INC/THE [COO]
EQUITY
216648501
1,166
101.84
118,745.44
0.3
SAP SE-SPONSORED ADR [SAP]
EQUITY
803054204
557
197.09
109,779.13
0.3
REPLIMUNE GROUP INC [REPL]
EQUITY
76029N106
12,261
8.25
101,153.25
0.3
SEA LTD-ADR [SE]
EQUITY
81141R100
1,885
53.57
100,979.45
0.3
TESLA INC [TSLA]
EQUITY
88160R101
522
179.83
93,871.26
0.3
INSULET CORP [PODD]
EQUITY
45784P101
532
169.18
90,003.76
0.3
ADAPTIMMUNE THERAPEUTICS-ADR [ADAP]
EQUITY
00653A107
55,278
1.58
87,339.24
0.3
REPARE THERAPEUTICS INC [RPTX]
EQUITY
760273102
17,829
4.67
83,261.43
0.2
ALKERMES PLC [ALKS]
EQUITY
G01767105
3,008
27.25
81,968.00
0.2
LANTHEUS HOLDINGS INC [LNTH]
EQUITY
516544103
1,197
60.46
72,370.62
0.2
UNIQURE NV [QURE]
EQUITY
N90064101
10,248
5.41
55,441.68
0.2
FATE THERAPEUTICS INC [FATE]
EQUITY
31189P102
5,695
7.34
41,801.30
0.1
89BIO INC [ETNB]
EQUITY
282559103
1,395
11.31
15,777.45
0.0
Total
--
--
--
--
--
33,332
97.6
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.4
Total Net Assets
--
--
--
--
--
--
100%

As of 2/29/2024

Disruptive Innovation ETF (INNO)

S&P 500 Index

-

Information Technology

INNO: 45.7%

Benchmark: 29.8%

-

Health Care

INNO: 21.7%

Benchmark: 12.5%

-

Consumer Discretionary

INNO: 10.3%

Benchmark: 10.6%

-

Financials

INNO: 9.7%

Benchmark: 13.0%

-

Industrials

INNO: 3.9%

Benchmark: 8.7%

-

Cash

INNO: 3.2%

Benchmark: NaN%

-

Communication Services

INNO: 2.7%

Benchmark: 8.9%

-

Materials

INNO: 2.3%

Benchmark: 2.3%

-

Consumer Staples

INNO: 0.5%

Benchmark: 6.0%

-

Energy

INNO: 0.0%

Benchmark: 3.7%

-

Real Estate

INNO: 0.0%

Benchmark: 2.3%

-

Utilities

INNO: 0.0%

Benchmark: 2.1%

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.
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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.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.