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Harbor Disruptive Innovation ETF (INNO)

Harbor Disruptive Innovation ETF (INNO)

The strategy seeks to invest in leading edge, industry transforming companies across sectors, market cap ranges, and regions which can 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.

Welcome
Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 11/29/2022

NAV Price

$11.08

NAV Daily Change ($)

-$0.10

NAV Daily Change (%)

-0.89%

NAV YTD Return

-43.90%

Market Price

$11.10

Market Daily Change ($)

-$0.08

Market Daily Change (%)

-0.72%

Market YTD Return

-43.91%

Fund Facts

Inception Date

12/1/2021

Expense Ratio (%)

0.75%

Total Net Assets (million)
(As of 11/30/2022)

$6.923

Shares Outstanding
(As of 11/30/2022)

625,000

Ticker

INNO

Cusip

41151J307

ISIN

US41151J3077

Benchmark

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

Exchange

NYSE

Distributor

Foreside Fund Services, LLC

Investment Objective

The Fund seeks long-term growth of capital

Morningstar Category

Mid Cap Growth

Dividend Frequency

Annually

Pricing/Trading

as of 11/29/2022

Bid/Ask Mid Price

$11.11

Closing Market Price

$11.10

Premium/Discount ($)

$0.03

Premium/Discount (%)

0.26%

 

2021

Q1 2022

Q2 2022

Q3 2022

Q4 2022

YTD

Days Traded at a Premium2160583820176
Days Traded at a Discount024262153
30-Day Median Bid/Ask Spread

0.38%

Exchange Volume (Shares)

--

Trading Currency

USD

Historical Premium Discount to NAV

2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
left quote

A distinct multi-strategy approach to accessing innovation

right quote

Harbor Disruptive Innovation seeks to offer diverse exposure to leading edge

transformational companies across market segments.

Performance

Total Returns

MONTH-END
QUARTER-END
YEAR-BY-YEAR
MONTH-BY-MONTH

Fund Name

3 Mo.

YTD Return

Since Inception

Net Expense Ratio

Gross Expense Ratio

Disruptive Innovation ETF

-11.81%

-42.13%

-42.85%

0.75%

0.75%

Fund Market Price

-11.81%

-42.24%

-42.85%

--

--

S&P 500 Index

-5.86%

-17.70%

-12.99%

--

--

Russell 3000® Growth Index

-8.45%

-26.36%

-23.48%

--

--

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
TABLE

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/22/2021

12/23/2021

12/28/2021

--

--

--

0.00000

Holdings

Portfolio Characteristics

as of 10/31/2022

Disruptive Innovation ETF

Number of Holdings

93

Wtd Avg Market Cap ($Mil)

178223

Price/Book Ratio

7.45

Adjusted Trailing P/E Ratio

48.2

% EPS Growth - Past 3 Yr

34.2

Return on Equity (%)

7.59

Forecasted P/E Ratio

35.7

Proj. Earnings Growth Rate (%)

23.7

Top Ten Holdings

as of 11/29/2022

Company Name [Ticker]

% of Net Assets

LAM RESEARCH CORP COMMON STOCK USD.001[LRCX]

4.1

ADYEN NV COMMON STOCK EUR.01[ADYEN]

3.5

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001[MCHP]

3.5

SERVICENOW INC COMMON STOCK USD.001[NOW]

3.3

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

3.2

SALESFORCE INC COMMON STOCK USD.001[CRM]

3.0

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

3.0

MERCADOLIBRE INC COMMON STOCK USD.001[MELI]

2.9

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

2.5

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

2.5

% of Total Holdings:

31.5%

This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.

as of 11/29/2022

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

LAM RESEARCH CORP COMMON STOCK USD.001 [LRCX]

Equity

UNITED STATES

512807108

641

442.05

283,354.05

4.1

ADYEN NV COMMON STOCK EUR.01 [ADYEN]

Equity

NETHERLANDS

BZ1HM4902

166

1,473.734

244,639.77

3.5

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]

Equity

UNITED STATES

595017104

3,279

74.22

243,367.38

3.5

SERVICENOW INC COMMON STOCK USD.001 [NOW]

Equity

UNITED STATES

81762P102

583

396.85

231,363.55

3.3

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

Equity

UNITED STATES

023135106

2,381

92.42

220,052.02

3.2

SALESFORCE INC COMMON STOCK USD.001 [CRM]

Equity

UNITED STATES

79466L302

1,375

151.68

208,560.00

3.0

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

Equity

UNITED STATES

98138H101

1,440

143.30

206,352.00

3.0

MERCADOLIBRE INC COMMON STOCK USD.001 [MELI]

Equity

UNITED STATES

58733R102

226

889.26

200,972.76

2.9

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

Equity

UNITED STATES

127387108

1,073

163.52

175,456.96

2.5

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

Equity

UNITED STATES

872590104

1,154

148.62

171,507.48

2.5

BALL CORP COMMON STOCK [BALL]

Equity

UNITED STATES

058498106

3,099

54.54

169,019.46

2.4

TEXAS INSTRUMENTS INC COMMON STOCK USD1.0 [TXN]

Equity

UNITED STATES

882508104

970

172.98

167,790.60

2.4

OKTA INC COMMON STOCK [OKTA]

Equity

UNITED STATES

679295105

3,083

51.25

158,003.75

2.3

DANAHER CORP COMMON STOCK USD.01 [DHR]

Equity

UNITED STATES

235851102

571

259.02

147,900.42

2.1

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

Equity

UNITED STATES

049468101

1,086

122.01

132,502.86

1.9

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

Equity

UNITED STATES

02079K305

1,365

95.19

129,934.35

1.9

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

Equity

UNITED STATES

02079K107

1,319

95.44

125,885.36

1.8

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

UNITED STATES

594918104

508

240.33

122,087.64

1.8

ASML HOLDING NV COMMON STOCK EUR.09 [ASML]

Equity

NETHERLANDS

ACI02GTQ9

198

578.133

114,470.37

1.7

TESLA INC COMMON STOCK USD.001 [TSLA]

Equity

UNITED STATES

88160R101

604

180.83

109,221.32

1.6

NEXTERA ENERGY INC COMMON STOCK USD.01 [NEE]

Equity

UNITED STATES

65339F101

1,307

82.49

107,814.43

1.6

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

Equity

UNITED STATES

18915M107

2,409

44.61

107,465.49

1.6

ICON PLC COMMON STOCK EUR.06 [ICLR]

Equity

IRELAND

G4705A100

490

211.93

103,845.70

1.5

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

Equity

DENMARK

04351P101

848

118.42

100,420.16

1.5

SNOWFLAKE INC CLASS A COMMON STOCK [SNOW]

Equity

UNITED STATES

833445109

684

136.56

93,407.04

1.3

BLOCK INC COMMON STOCK USD.0000001 [SQ]

Equity

UNITED STATES

852234103

1,445

62.11

89,748.95

1.3

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

Equity

UNITED STATES

169656105

57

1,552.72

88,505.04

1.3

WOLFSPEED INC COMMON STOCK USD.00125 [WOLF]

Equity

UNITED STATES

977852102

1,043

83.18

86,756.74

1.3

ROCKET PHARMACEUTICALS INC COMMON STOCK USD.01 [RCKT]

Equity

UNITED STATES

77313F106

4,184

18.08

75,646.72

1.1

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

Equity

UNITED STATES

23804L103

1,024

72.06

73,789.44

1.1

DOORDASH INC A COMMON STOCK USD.00001 [DASH]

Equity

UNITED STATES

25809K105

1,342

53.34

71,582.28

1.0

PAYPAL HOLDINGS INC COMMON STOCK USD.0001 [PYPL]

Equity

UNITED STATES

70450Y103

904

77.64

70,186.56

1.0

APPLIED MATERIALS INC COMMON STOCK USD.01 [AMAT]

Equity

UNITED STATES

038222105

659

103.25

68,041.75

1.0

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

Equity

UNITED STATES

79589L106

7,351

9.23

67,849.73

1.0

INSULET CORP COMMON STOCK USD.001 [PODD]

Equity

UNITED STATES

45784P101

232

288.56

66,945.92

1.0

SHOPIFY INC CLASS A COMMON STOCK [SHOP]

Equity

CANADA

82509L107

1,732

37.15

64,343.80

0.9

ALKERMES PLC COMMON STOCK USD.01 [ALKS]

Equity

IRELAND

G01767105

2,621

24.02

62,956.42

0.9

DEXCOM INC COMMON STOCK USD.001 [DXCM]

Equity

UNITED STATES

252131107

567

110.39

62,591.13

0.9

ADVANCED MICRO DEVICES COMMON STOCK USD.01 [AMD]

Equity

UNITED STATES

007903107

851

73.39

62,454.89

0.9

HUBSPOT INC COMMON STOCK USD.001 [HUBS]

Equity

UNITED STATES

443573100

211

282.68

59,645.48

0.9

FORTINET INC COMMON STOCK USD.001 [FTNT]

Equity

UNITED STATES

34959E109

1,115

51.59

57,522.85

0.8

CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK ILS.01 [CYBR]

Equity

ISRAEL

M2682V108

378

150.89

57,036.42

0.8

SEA LTD ADR ADR [SE]

Equity

CAYMAN ISLANDS

81141R100

1,043

54.26

56,593.18

0.8

KRYSTAL BIOTECH INC COMMON STOCK USD.00001 [KRYS]

Equity

UNITED STATES

501147102

676

76.68

51,835.68

0.7

NVIDIA CORP COMMON STOCK USD.001 [NVDA]

Equity

UNITED STATES

67066G104

331

156.35

51,751.85

0.7

IDEXX LABORATORIES INC COMMON STOCK USD.1 [IDXX]

Equity

UNITED STATES

45168D104

120

408.96

49,075.20

0.7

ELI LILLY + CO COMMON STOCK [LLY]

Equity

UNITED STATES

532457108

126

363.95

45,857.70

0.7

UNIQURE NV COMMON STOCK EUR.05 [QURE]

Equity

NETHERLANDS

N90064101

1,744

25.69

44,803.36

0.6

UNITEDHEALTH GROUP INC COMMON STOCK USD.01 [UNH]

Equity

UNITED STATES

91324P102

84

528.00

44,352.00

0.6

PROCORE TECHNOLOGIES INC COMMON STOCK USD.0001 [PCOR]

Equity

UNITED STATES

74275K108

969

45.38

43,973.22

0.6

LANTHEUS HOLDINGS INC COMMON STOCK USD.01 [LNTH]

Equity

UNITED STATES

516544103

718

60.65

43,546.70

0.6

MONGODB INC COMMON STOCK USD.001 [MDB]

Equity

UNITED STATES

60937P106

306

142.30

43,543.80

0.6

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

Equity

UNITED STATES

216648402

141

307.44

43,349.04

0.6

BICYCLE THERAPEUTICS PLC ADR ADR USD.01 [BCYC]

Equity

UNITED KINGDOM

088786108

1,555

27.61

42,933.55

0.6

REGENXBIO INC COMMON STOCK USD.0001 [RGNX]

Equity

UNITED STATES

75901B107

1,770

22.56

39,931.20

0.6

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

Equity

UNITED STATES

883556102

73

539.75

39,401.75

0.6

SMARTSHEET INC CLASS A COMMON STOCK [SMAR]

Equity

UNITED STATES

83200N103

1,334

28.36

37,832.24

0.5

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

Equity

SWITZERLAND

733337901

73

509.829

37,217.49

0.5

REPARE THERAPEUTICS INC COMMON STOCK [RPTX]

Equity

CANADA

760273102

2,317

15.27

35,380.59

0.5

ARROWHEAD PHARMACEUTICALS IN COMMON STOCK USD.001 [ARWR]

Equity

UNITED STATES

04280A100

1,176

29.99

35,268.24

0.5

ARVINAS INC COMMON STOCK USD.001 [ARVN]

Equity

UNITED STATES

04335A105

891

38.29

34,116.39

0.5

REPLIMUNE GROUP INC COMMON STOCK USD.001 [REPL]

Equity

UNITED STATES

76029N106

1,727

19.67

33,970.09

0.5

CHART INDUSTRIES INC COMMON STOCK USD.01 [GTLS]

Equity

UNITED STATES

16115Q308

248

136.40

33,827.20

0.5

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

Equity

UNITED STATES

090572207

84

399.55

33,562.20

0.5

AVIDITY BIOSCIENCES INC COMMON STOCK [RNA]

Equity

UNITED STATES

05370A108

2,728

11.55

31,508.40

0.5

INTELLIA THERAPEUTICS INC COMMON STOCK USD.0001 [NTLA]

Equity

UNITED STATES

45826J105

641

48.00

30,768.00

0.4

ZSCALER INC COMMON STOCK USD.001 [ZS]

Equity

UNITED STATES

98980G102

209

134.85

28,183.65

0.4

CROWDSTRIKE HOLDINGS INC A COMMON STOCK [CRWD]

Equity

UNITED STATES

22788C105

198

138.00

27,324.00

0.4

ALLOGENE THERAPEUTICS INC COMMON STOCK USD.001 [ALLO]

Equity

UNITED STATES

019770106

2,906

9.31

27,054.86

0.4

KYMERA THERAPEUTICS INC COMMON STOCK [KYMR]

Equity

UNITED STATES

501575104

943

28.27

26,658.61

0.4

AUTOLUS THERAPEUTICS PLC ADR GBP.0000001 [AUTL]

Equity

UNITED KINGDOM

05280R100

9,009

2.51

22,612.59

0.3

DYNATRACE INC COMMON STOCK USD.001 [DT]

Equity

UNITED STATES

268150109

595

36.39

21,652.05

0.3

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

Equity

UNITED STATES

697435105

125

170.51

21,313.75

0.3

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

Equity

UNITED STATES

70614W100

2,009

10.49

21,074.41

0.3

INVITAE CORP COMMON STOCK USD.0001 [NVTA]

Equity

UNITED STATES

46185L103

7,966

2.64

21,030.24

0.3

DELIVEROO PLC COMMON STOCK GBP.005 [ROO]

Equity

UNITED KINGDOM

BNC5T3908

19,444

1.03

20,034.18

0.3

ZOOM VIDEO COMMUNICATIONS A COMMON STOCK USD.001 [ZM]

Equity

UNITED STATES

98980L101

281

70.57

19,830.17

0.3

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

Equity

UNITED STATES

30303M102

173

109.46

18,936.58

0.3

SAREPTA THERAPEUTICS INC COMMON STOCK USD.0001 [SRPT]

Equity

UNITED STATES

803607100

149

117.10

17,447.90

0.3

CATALENT INC COMMON STOCK USD.01 [CTLT]

Equity

UNITED STATES

148806102

360

47.18

16,984.80

0.2

IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 [IOVA]

Equity

UNITED STATES

462260100

2,731

6.14

16,768.34

0.2

FATE THERAPEUTICS INC COMMON STOCK USD.001 [FATE]

Equity

UNITED STATES

31189P102

833

19.84

16,526.72

0.2

AUTO1 GROUP SE COMMON STOCK [AG1]

Equity

GERMANY

ACI1VFC77

1,952

8.179

15,966.14

0.2

APELLIS PHARMACEUTICALS INC COMMON STOCK USD.0001 [APLS]

Equity

UNITED STATES

03753U106

300

50.12

15,036.00

0.2

C4 THERAPEUTICS INC COMMON STOCK [CCCC]

Equity

UNITED STATES

12529R107

1,600

8.00

12,800.00

0.2

MAGENTA THERAPEUTICS INC COMMON STOCK USD.001 [MGTA]

Equity

UNITED STATES

55910K108

11,465

1.09

12,496.85

0.2

SYNLOGIC INC COMMON STOCK USD.001 [SYBX]

Equity

UNITED STATES

87166L100

18,581

0.595

11,055.70

0.2

KARUNA THERAPEUTICS INC COMMON STOCK USD.00001 [KRTX]

Equity

UNITED STATES

48576A100

47

223.27

10,493.69

0.2

COINBASE GLOBAL INC CLASS A COMMON STOCK USD.00001 [COIN]

Equity

UNITED STATES

19260Q107

238

43.11

10,260.18

0.1

PRECISION BIOSCIENCES INC COMMON STOCK [DTIL]

Equity

UNITED STATES

74019P108

7,649

1.30

9,943.70

0.1

TCR2 THERAPEUTICS INC COMMON STOCK USD.0001 [TCRR]

Equity

UNITED STATES

87808K106

5,114

1.26

6,443.64

0.1

FREELINE THERAPEUTICS HOLDIN ADR [FRLN]

Equity

UNITED KINGDOM

35655L107

8,083

0.62

5,011.46

0.1

CARVANA CO COMMON STOCK USD.001 [CVNA]

Equity

UNITED STATES

146869102

628

7.34

4,609.52

0.1

Total

--

--

--

--

--

6,703

96.6

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

3.4

Total Net Assets

--

--

--

--

--

--

100%

as of 10/31/2022

Economic Sector

Disruptive Innovation ETF %

S&P 500 Index %

Information Technology

50.8

26.3

Health Care

23.3

15.3

Consumer Discretionary

11.6

10.9

Communication Services

8.9

7.5

Materials

2.2

2.5

Utilities

0.5

3.0

Financials

0.2

11.4

Consumer Staples

0.0

6.9

Energy

0.0

5.4

Industrials

0.0

8.2

Real Estate

0.0

2.7

Investment Team

Harbor Capital Advisors, Inc


The Fund employs a multi-manager approach 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 to enhance the investment outcome for the Fund.

Learn more about Harbor Multi-Asset Solutions

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.

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.

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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.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2022 Harbor Capital Advisors, Inc. All rights reserved.