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Harbor Disruptive Innovation ETF (INNO)

Invests in leading edge, industry transforming companies across markets

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Overview
Performance
Holdings
Investment Team
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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

As of 9/22/2023

$12.23

Price (NAV)

-$0.03

NAV Daily Change ($)

-0.24%

NAV Daily Change (%)

12.41%

NAV YTD Return

$12.22

Market Price

-$0.03

Market Daily Change ($)

-0.24%

Market Daily Change (%)

12.42%

Market YTD Return

Fund Facts

As of 9/22/2023

12/1/2021

Inception Date

0.75

Expense Ratio (%)
disclaimer

$27.822

Total Net Assets (million)

2,275,000

Shares Outstanding
(As of 9/25/2023)

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 9/22/2023

$12.22

Bid/Ask Mid Price

$12.22

Closing Market Price

-$0.01

Premium/Discount ($)

-0.08%

Premium/Discount (%)

0.46%

30-Day Median Bid/Ask Spread

8,581

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

Fund Name

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Disruptive Innovation ETF

7.44%

24.82%

18.19%

-21.72%

0.75%disclaimer

0.75%

Fund Market Price

7.68%

25.11%

18.67%

-21.65%

--

--

S&P 500 Index

8.74%

16.89%

19.59%

0.76%

--

--

Russell 3000® Growth Index

12.47%

28.05%

26.60%

-3.51%

--

--

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 8/31/2023

98

Number of Holdings

298203.2

Wtd Avg Market Cap ($Mil)

8.44

Price/Book Ratio

41.8

Adjusted Trailing P/E Ratio

21.8

% EPS Growth - Past 3 Yr

6.1

Return on Equity (%)

38.3

Forecasted P/E Ratio

Top Ten Holdings

As of 9/21/2023

Company Name [Ticker]

% of Net Assets

MICROSOFT CORP[MSFT]

4.4

AMAZON.COM INC[AMZN]

3.8

ADVANCED MICRO DEVICES[AMD]

3.1

LAM RESEARCH CORP[LRCX]

3.0

SERVICENOW INC[NOW]

3.0

MERCADOLIBRE INC[MELI]

2.9

DANAHER CORP[DHR]

2.3

TESLA INC[TSLA]

2.2

CADENCE DESIGN SYS INC[CDNS]

2.2

LINDE PLC[LIN]

2.1

% of Total Holdings:

29.0%

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 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%

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


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 © 2023 Harbor Capital Advisors, Inc. All rights reserved.