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Overview
Investment Team
Current Price
As of 3/29/2023
As of 3/29/2023
Investment Objective:
The Fund seeks total return
Seeking an alternative approach to income?
Consider Harbor scientific fixed income ETFs
Performance
Fund Name
3 Mo.
YTD Return
1 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Scientific Alpha Income ETF
2.89%
-10.85%
-10.85%
-9.27%
0.50%
0.50%
Fund Market Price
3.47%
-10.60%
-10.60%
-8.87%
--
--
Bloomberg US Aggregate Bond Index
1.87%
-13.01%
-13.01%
-11.01%
--
--
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 Bloomberg US Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. This unmanaged index does not reflect fees and expenses and is not available for direct investment.
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
3/1/2023
3/2/2023
3/6/2023
0.17110
--
--
0.17110
2/1/2023
2/2/2023
2/6/2023
0.15264
--
--
0.15264
12/21/2022
12/22/2022
12/27/2022
0.38393
--
--
0.38393
12/1/2022
12/2/2022
12/6/2022
0.14908
--
--
0.14908
11/1/2022
11/2/2022
11/4/2022
0.12950
--
--
0.12950
10/3/2022
10/4/2022
10/6/2022
0.12893
--
--
0.12893
9/1/2022
9/2/2022
9/7/2022
0.11214
--
--
0.11214
8/1/2022
8/2/2022
8/4/2022
0.12651
--
--
0.12651
7/1/2022
7/5/2022
7/7/2022
0.11025
--
--
0.11025
6/1/2022
6/2/2022
6/6/2022
0.11493
--
--
0.11493
5/2/2022
5/3/2022
5/5/2022
0.11201
--
--
0.11201
4/1/2022
4/4/2022
4/6/2022
0.12177
--
--
0.12177
3/1/2022
3/2/2022
3/4/2022
0.09451
--
--
0.09451
2/1/2022
2/2/2022
2/4/2022
0.05914
--
--
0.05914
12/22/2021
12/23/2021
12/28/2021
0.13939
--
--
0.13939
12/1/2021
12/2/2021
12/6/2021
0.13642
--
--
0.13642
11/1/2021
11/2/2021
11/4/2021
0.14607
--
--
0.14607
Holdings
Full Holdings
As of 3/29/2023
Company Name
Category Name
Cusip
Shares
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
RAKUTEN GROUP INC SR UNSECURED 144A 11/24 10.25
Bond
75102WAD0
400,000
11/30/2024
10.3
372
1.2
OPEN TEXT CORP COMPANY GUAR 144A 02/28 3.875
Bond
683715AC0
400,000
2/15/2028
3.9
356
1.1
BATH + BODY WORKS INC COMPANY GUAR 11/35 6.875
Bond
501797AL8
400,000
11/1/2035
6.9
356
1.1
VECTOR GROUP LTD SR SECURED 144A 02/29 5.75
Bond
92240MBL1
400,000
2/1/2029
5.8
346
1.1
XEROX HOLDINGS CORP COMPANY GUAR 144A 08/28 5.5
Bond
98421MAB2
400,000
8/15/2028
5.5
336
1.1
CIMPRESS PLC COMPANY GUAR 06/26 7
Bond
17186HAG7
400,000
6/15/2026
7.0
321
1.0
ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625
Bond
780153BL5
300,000
8/15/2027
11.6
319
1.0
KOPPERS INC COMPANY GUAR 144A 02/25 6
Bond
500605AH3
300,000
2/15/2025
6.0
300
0.9
SPRINT SPECTRUM / SPEC I SR SECURED 144A 09/29 5.152
Bond
85208NAE0
300,000
9/20/2029
5.2
298
0.9
WEATHERFORD INTERNATIONA COMPANY GUAR 144A 04/30 8.625
Bond
947075AU1
300,000
4/30/2030
8.6
296
0.9
ALTRIA GROUP INC COMPANY GUAR 02/29 4.8
Bond
02209SBD4
300,000
2/14/2029
4.8
296
0.9
MICROCHIP TECHNOLOGY INC COMPANY GUAR 09/25 4.25
Bond
595017BA1
300,000
9/1/2025
4.3
294
0.9
BIOGEN INC SR UNSECURED 09/25 4.05
Bond
09062XAF0
300,000
9/15/2025
4.0
292
0.9
JM SMUCKER CO COMPANY GUAR 03/25 3.5
Bond
832696AK4
300,000
3/15/2025
3.5
292
0.9
CHORD ENERGY CORP COMPANY GUAR 144A 06/26 6.375
Bond
674215AL2
300,000
6/1/2026
6.4
292
0.9
ALEXANDER FUNDING TRUST SR SECURED 144A 11/23 1.841
Bond
014621AA4
300,000
11/15/2023
1.8
291
0.9
IMPERIAL BRANDS FIN PLC COMPANY GUAR 144A 07/24 3.125
Bond
45262BAA1
300,000
7/26/2024
3.1
290
0.9
REPUBLIC SERVICES INC SR UNSECURED 08/24 2.5
Bond
760759AU4
300,000
8/15/2024
2.5
290
0.9
RELX CAPITAL INC COMPANY GUAR 03/29 4
Bond
74949LAC6
300,000
3/18/2029
4.0
287
0.9
RAIN CII CARBON LLC/CII SECURED 144A 04/25 7.25
Bond
75079RAC2
300,000
4/1/2025
7.3
287
0.9
SCHLUMBERGER HLDGS CORP SR UNSECURED 144A 05/28 3.9
Bond
806851AK7
300,000
5/17/2028
3.9
286
0.9
NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75
Bond
644393AA8
300,000
9/15/2025
6.8
286
0.9
YARA INTERNATIONAL ASA SR UNSECURED 144A 06/28 4.75
Bond
984851AF2
300,000
6/1/2028
4.8
286
0.9
HERBALIFE/HLF FINANCING COMPANY GUAR 144A 09/25 7.875
Bond
42704MAA0
300,000
9/1/2025
7.9
285
0.9
EDGEWELL PERSONAL CARE COMPANY GUAR 144A 06/28 5.5
Bond
28035QAA0
300,000
6/1/2028
5.5
284
0.9
RAYONIER AM PROD INC SR SECURED 144A 01/26 7.625
Bond
75508EAB4
300,000
1/15/2026
7.6
284
0.9
HILTON DOMESTIC OPERATIN COMPANY GUAR 01/30 4.875
Bond
432833AF8
300,000
1/15/2030
4.9
281
0.9
VICI PROPERTIES / NOTE COMPANY GUAR 144A 02/27 3.75
Bond
92564RAD7
300,000
2/15/2027
3.8
278
0.9
FAIR ISAAC CORP SR UNSECURED 144A 06/28 4
Bond
303250AF1
300,000
6/15/2028
4.0
276
0.9
GAP INC/THE COMPANY GUAR 144A 10/29 3.625
Bond
364760AP3
400,000
10/1/2029
3.6
274
0.9
FRONTIER COMMUNICATIONS SECURED 144A 05/29 6.75
Bond
35906ABG2
350,000
5/1/2029
6.8
273
0.9
WILLIAMS SCOTSMAN INTL SR SECURED 144A 08/28 4.625
Bond
96950GAE2
300,000
8/15/2028
4.6
272
0.9
LAMB WESTON HLD COMPANY GUAR 144A 01/30 4.125
Bond
513272AD6
300,000
1/31/2030
4.1
272
0.9
ASTRAZENECA PLC SR UNSECURED 04/26 0.7
Bond
046353AV0
300,000
4/8/2026
0.7
269
0.8
CARNIVAL CORP COMPANY GUAR 144A 03/26 7.625
Bond
143658BL5
300,000
3/1/2026
7.6
269
0.8
ORACLE CORP SR UNSECURED 03/28 2.3
Bond
68389XCD5
300,000
3/25/2028
2.3
266
0.8
MERCK + CO INC SR UNSECURED 12/28 1.9
Bond
58933YBD6
300,000
12/10/2028
1.9
265
0.8
HOLOGIC INC COMPANY GUAR 144A 02/29 3.25
Bond
436440AP6
300,000
2/15/2029
3.3
265
0.8
CENTENE CORP SR UNSECURED 02/30 3.375
Bond
15135BAV3
300,000
2/15/2030
3.4
260
0.8
BROADCOM INC COMPANY GUAR 144A 02/28 1.95
Bond
11135FBE0
300,000
2/15/2028
1.9
259
0.8
CDW LLC/CDW FINANCE COMPANY GUAR 02/29 3.25
Bond
12513GBF5
300,000
2/15/2029
3.3
258
0.8
TRINET GROUP INC COMPANY GUAR 144A 03/29 3.5
Bond
896288AA5
300,000
3/1/2029
3.5
258
0.8
WABASH NATIONAL CORP COMPANY GUAR 144A 10/28 4.5
Bond
929566AL1
300,000
10/15/2028
4.5
256
0.8
BAT CAPITAL CORP COMPANY GUAR 03/28 2.259
Bond
05526DBR5
300,000
3/25/2028
2.3
256
0.8
SIRIUS XM RADIO INC COMPANY GUAR 144A 07/28 4
Bond
82967NBJ6
300,000
7/15/2028
4.0
254
0.8
ASHLAND LLC COMPANY GUAR 144A 09/31 3.375
Bond
04433LAA0
300,000
9/1/2031
3.4
245
0.8
AMC NETWORKS INC COMPANY GUAR 02/29 4.25
Bond
00164VAF0
400,000
2/15/2029
4.3
243
0.8
IAMGOLD CORP COMPANY GUAR 144A 10/28 5.75
Bond
450913AF5
300,000
10/15/2028
5.8
232
0.7
GRUBHUB HOLDINGS INC COMPANY GUAR 144A 07/27 5.5
Bond
40010PAA6
300,000
7/1/2027
5.5
225
0.7
TUTOR PERINI CORP COMPANY GUAR 144A 05/25 6.875
Bond
901109AF5
300,000
5/1/2025
6.9
221
0.7
BAUSCH HEALTH COS INC SR SECURED 144A 09/28 11
Bond
071734AQ0
300,000
9/30/2028
11.0
217
0.7
VIASAT INC SR UNSECURED 144A 07/28 6.5
Bond
92552VAN0
300,000
7/15/2028
6.5
213
0.7
OPEN TEXT CORP SR SECURED 144A 12/27 6.9
Bond
683715AF3
200,000
12/1/2027
6.9
208
0.7
PHILIP MORRIS INTL INC SR UNSECURED 11/29 5.625
Bond
718172CW7
200,000
11/17/2029
5.6
207
0.7
KINGDOM OF BAHRAIN SR UNSECURED 144A 01/26 7
Bond
05674RAF1
200,000
1/26/2026
7.0
206
0.6
ABERCROMBIE + FITCH MANA SR SECURED 144A 07/25 8.75
Bond
003000AA4
200,000
7/15/2025
8.8
202
0.6
HOWMET AEROSPACE INC SR UNSECURED 02/27 5.9
Bond
013817AJ0
200,000
2/1/2027
5.9
201
0.6
GEO GROUP INC/THE SECURED 06/28 10.5
Bond
36162JAC0
200,000
6/30/2028
10.5
201
0.6
PHILIP MORRIS INTL INC SR UNSECURED 02/30 5.125
Bond
718172DA4
200,000
2/15/2030
5.1
201
0.6
WARRIOR MET COAL INC SR SECURED 144A 12/28 7.875
Bond
93627CAB7
200,000
12/1/2028
7.9
199
0.6
MARATHON PETROLEUM CORP SR UNSECURED 05/25 4.7
Bond
56585ABH4
200,000
5/1/2025
4.7
199
0.6
EDWARDS LIFESCIENCES COR SR UNSECURED 06/28 4.3
Bond
28176EAD0
200,000
6/15/2028
4.3
198
0.6
KEYSIGHT TECHNOLOGIES SR UNSECURED 10/24 4.55
Bond
49338LAB9
200,000
10/30/2024
4.5
198
0.6
WILLIAMS COMPANIES INC SR UNSECURED 03/24 4.3
Bond
96950FAM6
200,000
3/4/2024
4.3
198
0.6
ENTERPRISE PRODUCTS OPER COMPANY GUAR 02/24 3.9
Bond
29379VBB8
200,000
2/15/2024
3.9
197
0.6
WESTINGHOUSE AIR BRAKE COMPANY GUAR 03/24 4.4
Bond
960386AN0
200,000
3/15/2024
4.4
197
0.6
CONAGRA BRANDS INC SR UNSECURED 11/25 4.6
Bond
205887CB6
200,000
11/1/2025
4.6
197
0.6
CPI CG INC SR SECURED 144A 03/26 8.625
Bond
12598FAA7
200,000
3/15/2026
8.6
196
0.6
BRAMBLES USA INC COMPANY GUAR 144A 10/25 4.125
Bond
10510KAC1
200,000
10/23/2025
4.1
196
0.6
ELEVANCE HEALTH INC SR UNSECURED 12/24 3.35
Bond
036752AC7
200,000
12/1/2024
3.4
195
0.6
MOTOROLA SOLUTIONS INC SR UNSECURED 02/28 4.6
Bond
620076BL2
200,000
2/23/2028
4.6
195
0.6
TRANSURBAN FINANCE CO SR SECURED 144A 02/26 4.125
Bond
89400PAE3
200,000
2/2/2026
4.1
194
0.6
USA COM PART/USA COM FIN COMPANY GUAR 04/26 6.875
Bond
91740PAC2
200,000
4/1/2026
6.9
194
0.6
PTC INC COMPANY GUAR 144A 02/25 3.625
Bond
69370CAB6
200,000
2/15/2025
3.6
194
0.6
GLP CAPITAL LP / FIN II COMPANY GUAR 04/26 5.375
Bond
361841AH2
200,000
4/15/2026
5.4
194
0.6
MICHAEL KORS USA INC COMPANY GUAR 144A 11/24 4.25
Bond
59408TAA8
200,000
11/1/2024
4.3
193
0.6
REPUBLIC OF INDONESIA SR UNSECURED 01/28 3.5
Bond
455780CD6
200,000
1/11/2028
3.5
192
0.6
GFL ENVIRONMENTAL INC SR SECURED 144A 08/25 3.75
Bond
36168QAK0
200,000
8/1/2025
3.8
191
0.6
FERGUSON FINANCE PLC COMPANY GUAR 144A 10/28 4.5
Bond
314890AA2
200,000
10/24/2028
4.5
191
0.6
TRANSURBAN QLD FINANCE SR SECURED REGS 04/28 4.5
Bond
ACI1231L7
200,000
4/19/2028
4.5
190
0.6
NVENT FINANCE SARL COMPANY GUAR 04/28 4.55
Bond
67078AAD5
200,000
4/15/2028
4.5
190
0.6
ZIMMER BIOMET HOLDINGS SR UNSECURED 11/24 1.45
Bond
98956PAU6
200,000
11/22/2024
1.4
189
0.6
CARLISLE COS INC SR UNSECURED 12/27 3.75
Bond
142339AH3
200,000
12/1/2027
3.8
189
0.6
ENOVA INTERNATIONAL INC COMPANY GUAR 144A 09/25 8.5
Bond
29357KAF0
200,000
9/15/2025
8.5
188
0.6
MONDELEZ INTL HLDINGS NE COMPANY GUAR 144A 09/24 0.75
Bond
60920LAQ7
200,000
9/24/2024
0.8
187
0.6
ALTA EQUIPMENT GROUP SECURED 144A 04/26 5.625
Bond
02128LAA4
200,000
4/15/2026
5.6
187
0.6
CARS.COM INC COMPANY GUAR 144A 11/28 6.375
Bond
14575EAA3
200,000
11/1/2028
6.4
187
0.6
TRANSDIGM INC COMPANY GUAR 11/27 5.5
Bond
893647BL0
200,000
11/15/2027
5.5
185
0.6
MOOG INC COMPANY GUAR 144A 12/27 4.25
Bond
615394AM5
200,000
12/15/2027
4.3
185
0.6
1011778 BC / NEW RED FIN SR SECURED 144A 01/28 3.875
Bond
68245XAH2
200,000
1/15/2028
3.9
184
0.6
SILGAN HOLDINGS INC COMPANY GUAR 02/28 4.125
Bond
827048AW9
200,000
2/1/2028
4.1
184
0.6
RELIANCE STEEL + ALUM SR UNSECURED 08/25 1.3
Bond
759509AF9
200,000
8/15/2025
1.3
184
0.6
TRIUMPH GROUP INC COMPANY GUAR 08/25 7.75
Bond
896818AP6
200,000
8/15/2025
7.8
180
0.6
RITHM CAPITAL CORP SR UNSECURED 144A 10/25 6.25
Bond
64828TAA0
200,000
10/15/2025
6.3
179
0.6
IRON MOUNTAIN INC COMPANY GUAR 144A 07/30 5.25
Bond
46284VAJ0
200,000
7/15/2030
5.3
179
0.6
MCKESSON CORP SR UNSECURED 08/26 1.3
Bond
581557BR5
200,000
8/15/2026
1.3
179
0.6
ARCOSA INC COMPANY GUAR 144A 04/29 4.375
Bond
039653AA8
200,000
4/15/2029
4.4
178
0.6
GARTNER INC COMPANY GUAR 144A 06/29 3.625
Bond
366651AG2
200,000
6/15/2029
3.6
178
0.6
TEXAS INSTRUMENTS INC SR UNSECURED 09/29 2.25
Bond
882508BG8
200,000
9/4/2029
2.3
177
0.6
GARTNER INC COMPANY GUAR 144A 10/30 3.75
Bond
366651AE7
200,000
10/1/2030
3.8
176
0.6
TRANSOCEAN INC COMPANY GUAR 144A 02/27 8
Bond
893830BL2
200,000
2/1/2027
8.0
176
0.6
T MOBILE USA INC COMPANY GUAR 02/29 2.625
Bond
87264ABS3
200,000
2/15/2029
2.6
176
0.6
PERRIGO FINANCE UNLIMITE COMPANY GUAR 06/30 4.4
Bond
71429MAC9
200,000
6/15/2030
4.4
175
0.6
TRANSDIGM INC COMPANY GUAR 05/29 4.875
Bond
893647BQ9
200,000
5/1/2029
4.9
174
0.5
UNICREDIT SPA SUBORDINATED 144A 06/32 VAR
Bond
904678AF6
200,000
6/19/2032
5.9
174
0.5
MOLINA HEALTHCARE INC SR UNSECURED 144A 11/30 3.875
Bond
60855RAK6
200,000
11/15/2030
3.9
174
0.5
NCL CORPORATION LTD COMPANY GUAR 144A 03/26 5.875
Bond
62886HBA8
200,000
3/15/2026
5.9
169
0.5
CTR PARTNERSHIP/CARETRST COMPANY GUAR 144A 06/28 3.875
Bond
126458AE8
200,000
6/30/2028
3.9
169
0.5
DT MIDSTREAM INC COMPANY GUAR 144A 06/31 4.375
Bond
23345MAB3
200,000
6/15/2031
4.4
169
0.5
JAGUAR LAND ROVER AUTOMO SR UNSECURED 144A 01/28 5.875
Bond
47010BAK0
200,000
1/15/2028
5.9
168
0.5
DAVITA INC COMPANY GUAR 144A 06/30 4.625
Bond
23918KAS7
200,000
6/1/2030
4.6
168
0.5
GANNETT HOLDINGS LLC SR SECURED 144A 11/26 6
Bond
36474GAA3
200,000
11/1/2026
6.0
168
0.5
MURPHY OIL USA INC COMPANY GUAR 144A 02/31 3.75
Bond
626738AF5
200,000
2/15/2031
3.8
167
0.5
ARKO CORP COMPANY GUAR 144A 11/29 5.125
Bond
041242AA6
200,000
11/15/2029
5.1
166
0.5
UNICREDIT SPA SUBORDINATED 144A 06/35 VAR
Bond
904678AS8
200,000
6/30/2035
5.5
161
0.5
MURPHY OIL CORP SR UNSECURED 12/42 6.125
Bond
626717AG7
200,000
12/1/2042
6.1
160
0.5
PITNEY BOWES INC COMPANY GUAR 144A 03/27 6.875
Bond
724479AP5
200,000
3/15/2027
6.9
157
0.5
JAGUAR LAND ROVER AUTOMO COMPANY GUAR 144A 07/29 5.5
Bond
47010BAM6
200,000
7/15/2029
5.5
155
0.5
PITNEY BOWES INC COMPANY GUAR 144A 03/29 7.25
Bond
724479AQ3
200,000
3/15/2029
7.3
150
0.5
ENSTAR FINANCE LLC COMPANY GUAR 01/42 VAR
Bond
29360AAB6
200,000
1/15/2042
5.5
144
0.5
APOLLO CMMRL REAL EST FI SR SECURED 144A 06/29 4.625
Bond
03762UAD7
200,000
6/15/2029
4.6
141
0.4
INTESA SANPAOLO SPA SUBORDINATED 144A 06/32 VAR
Bond
46115HBQ9
200,000
6/1/2032
4.2
139
0.4
ELDORADO GOLD CORP SR UNSECURED 144A 09/29 6.25
Bond
284902AF0
150,000
9/1/2029
6.3
137
0.4
OFFICE PPTY INCOME TRST SR UNSECURED 02/27 2.4
Bond
67623CAE9
200,000
2/1/2027
2.4
130
0.4
LIONS GATE CAPITAL HOLD COMPANY GUAR 144A 04/29 5.5
Bond
53627NAE1
200,000
4/15/2029
5.5
129
0.4
DISH DBS CORP COMPANY GUAR 07/28 7.375
Bond
25470XBB0
200,000
7/1/2028
7.4
110
0.3
ORACLE CORP SR UNSECURED 11/29 6.15
Bond
68389XCH6
100,000
11/9/2029
6.2
106
0.3
ALLIANCE RES OP/FINANCE COMPANY GUAR 144A 05/25 7.5
Bond
01879NAA3
100,000
5/1/2025
7.5
100
0.3
VERISIGN INC SR UNSECURED 04/25 5.25
Bond
92343EAH5
100,000
4/1/2025
5.3
99
0.3
MCKESSON CORP SR UNSECURED 03/24 3.796
Bond
581557BE4
100,000
3/15/2024
3.8
99
0.3
KELLOGG CO SR UNSECURED 12/23 2.65
Bond
487836BS6
100,000
12/1/2023
2.6
98
0.3
PHILLIPS 66 COMPANY GUAR 02/24 0.9
Bond
718546AY0
100,000
2/15/2024
0.9
96
0.3
AMCOR FINANCE USA INC COMPANY GUAR 04/26 3.625
Bond
02343UAG0
100,000
4/28/2026
3.6
96
0.3
KEURIG DR PEPPER INC COMPANY GUAR 11/25 3.4
Bond
26138EAS8
100,000
11/15/2025
3.4
96
0.3
ACADIA HEALTHCARE CO INC COMPANY GUAR 144A 04/29 5
Bond
00404AAP4
100,000
4/15/2029
5.0
94
0.3
STARWOOD PROPERTY TRUST SR UNSECURED 03/25 4.75
Bond
85571BAL9
100,000
3/15/2025
4.8
93
0.3
BROADCOM INC SR UNSECURED 144A 04/29 4
Bond
11135FBR1
100,000
4/15/2029
4.0
93
0.3
AMN HEALTHCARE INC COMPANY GUAR 144A 10/27 4.625
Bond
00175PAB9
100,000
10/1/2027
4.6
92
0.3
DELEK LOG PART/FINANCE COMPANY GUAR 144A 06/28 7.125
Bond
24665FAC6
100,000
6/1/2028
7.1
91
0.3
PEPSICO INC SR UNSECURED 07/29 2.625
Bond
713448EL8
100,000
7/29/2029
2.6
91
0.3
GRAPHIC PACKAGING INTERN COMPANY GUAR 144A 03/28 3.5
Bond
38869AAB3
100,000
3/15/2028
3.5
91
0.3
MINERALS TECHNOLOGIES IN COMPANY GUAR 144A 07/28 5
Bond
603158AA4
100,000
7/1/2028
5.0
91
0.3
MURPHY OIL USA INC COMPANY GUAR 09/29 4.75
Bond
626738AE8
100,000
9/15/2029
4.8
91
0.3
TURNING POINT BRANDS INC SR SECURED 144A 02/26 5.625
Bond
90041LAF2
100,000
2/15/2026
5.6
90
0.3
H.B. FULLER CO SR UNSECURED 10/28 4.25
Bond
40410KAA3
100,000
10/15/2028
4.3
89
0.3
ATHABASCA OIL CORP SECURED 144A 11/26 9.75
Bond
04682RAE7
85,000
11/1/2026
9.8
88
0.3
COMMERCIAL METALS CO SR UNSECURED 01/30 4.125
Bond
201723AQ6
100,000
1/15/2030
4.1
88
0.3
HOWMET AEROSPACE INC SR UNSECURED 01/29 3
Bond
443201AB4
100,000
1/15/2029
3.0
88
0.3
GO DADDY OPCO/FINCO COMPANY GUAR 144A 03/29 3.5
Bond
38016LAC9
100,000
3/1/2029
3.5
86
0.3
COMMERCIAL METALS CO SR UNSECURED 03/32 4.375
Bond
201723AR4
100,000
3/15/2032
4.4
86
0.3
GRAPHIC PACKAGING INTERN COMPANY GUAR 144A 03/29 3.5
Bond
38869AAC1
100,000
3/1/2029
3.5
86
0.3
RUSSIAN FEDERATION SR UNSECURED 144A 06/27 4.25
Bond
ACI0VXSZ1
200,000
6/23/2027
4.3
86
0.3
COMMERCIAL METALS CO SR UNSECURED 02/31 3.875
Bond
201723AP8
100,000
2/15/2031
3.9
85
0.3
ALLISON TRANSMISSION INC COMPANY GUAR 144A 01/31 3.75
Bond
019736AG2
100,000
1/30/2031
3.8
84
0.3
B92595741 CDS USD R V 03MEVENT P92595741PRO CCPCDX
Bond
99S1X9690
8,900,000
6/20/2028
1.0
8,900
0.2
FRONTIER COMMUNICATIONS SECURED 144A 01/30 6
Bond
35908MAB6
100,000
1/15/2030
6.0
75
0.2
MACY S RETAIL HLDGS LLC COMPANY GUAR 01/42 5.125
Bond
55616XAG2
100,000
1/15/2042
5.1
66
0.2
UNISYS CORP SR SECURED 144A 11/27 6.875
Bond
909214BV9
100,000
11/1/2027
6.9
62
0.2
TAKEDA PHARMACEUTICAL SR UNSECURED 11/23 4.4
Bond
874060AT3
62,000
11/26/2023
4.4
62
0.2
HUNGARY SR UNSECURED 03/24 5.375
Bond
445545AL0
34,000
3/25/2024
5.4
34
0.1
EURO CURRENCY
Cash (N/A for Lot Level Data)
--
769.47
--
0.0
1
0.0
US 10YR NOTE (CBT)JUN23 XCBT 20230621
Future
ADI2BCY86
-200,000
--
0.0
-229
0.0
B30735284 CDS USD P F 5.00000 P30735284FEE CCPCDX
Bond
99S1XDLJ2
-3,500,000
6/20/2028
5.0
-3,500
0.0
B30735284 CDS USD R V 03MEVENT P30735284PRO CCPCDX
Bond
99S1XDLI4
3,500,000
6/20/2028
1.0
3,497
0.0
B92595741 CDS USD P F 1.00000 P92595741FEE CCPCDX
Bond
99S1X96A7
-8,900,000
6/20/2028
1.0
-8,982
-0.3
US 2YR NOTE (CBT) JUN23 XCBT 20230630
Future
ADI2BCXT1
16,000,000
--
0.0
16,515
-0.3
Total
--
--
--
--
--
46,949
96.2
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
3.8
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
As of 3/29/2023
Scientific Alpha Income ETF %(SIFI)
Derivatives
SIFI: 11.9%
Support-Services
SIFI: 6.7%
Tobacco
SIFI: 5.3%
Software/Services
SIFI: 5.3%
Specialty Retail
SIFI: 5.2%
Chemicals
SIFI: 5.0%
REITs
SIFI: 5.0%
Food - Wholesale
SIFI: 4.2%
Pharmaceuticals
SIFI: 4.0%
Electronics
SIFI: 3.2%
Aerospace/Defense
SIFI: 3.2%
Oil Field Equipment & Services
SIFI: 3.1%
Gas Distribution
SIFI: 2.7%
Recreation & Travel
SIFI: 2.4%
Metals/Mining Excluding Steel
SIFI: 2.1%
Medical Products
SIFI: 2.1%
Machinery
SIFI: 2.0%
Managed Care
SIFI: 2.0%
Media Content
SIFI: 2.0%
Transport Infrastructure/Services
SIFI: 1.8%
Energy - Exploration & Production
SIFI: 1.7%
Health Services
SIFI: 1.7%
Tech Hardware & Equipment
SIFI: 1.7%
Foreign Sovereign
SIFI: 1.6%
Printing & Publishing
SIFI: 1.6%
Environmental
SIFI: 1.5%
Banking
SIFI: 1.5%
Telecom - Wireless
SIFI: 1.5%
Packaging
SIFI: 1.5%
Steel Producers/Products
SIFI: 1.4%
Food & Drug Retailers
SIFI: 1.3%
Oil Refining & Marketing
SIFI: 1.2%
Diversified Capital Goods
SIFI: 1.2%
Telecom - Wireline Integrated & Services
SIFI: 1.1%
Automakers
SIFI: 1.0%
Electric-Generation
SIFI: 0.9%
Personal & Household Products
SIFI: 0.9%
Hotels
SIFI: 0.9%
Building & Construction
SIFI: 0.7%
Telecom - Satellite
SIFI: 0.7%
Investments & Misc Financial Services
SIFI: 0.6%
Advertising
SIFI: 0.6%
Cons/Comm/Lease Financing
SIFI: 0.6%
Beverage
SIFI: 0.6%
Restaurants
SIFI: 0.6%
Reinsurance
SIFI: 0.5%
Cable & Satellite TV
SIFI: 0.4%
Health Facilities
SIFI: 0.3%
Auto Parts & Equipment
SIFI: 0.3%
Department Stores
SIFI: 0.2%
SIFI: Scientific Alpha Income ETF %
Maturity Profile
As of 3/29/2023
Maturity
Scientific Alpha Income ETF %
0-1 yr
4.0
1-3 yr
25.0
3-5 yr
22.4
5-7 yr
36.5
7-10 yr
8.0
10-20 yr
1.9
20-30 yr
0.0
Over 30 yr
0.0
Duration
As of 3/29/2023
Duration
Scientific Alpha Income ETF %
0-1 yr
5.0
1-3 yr
32.5
3-5 yr
35.5
5-7 yr
21.9
7-10 yr
2.2
10-20 yr
0.7
20-30 yr
0.0
Over 30 yr
0.0
Investment Team
.webp)
BlueCove Limited (“BlueCove”) is a scientific asset management firm founded in 2018 that brings together leading fixed income industry investment and engineering professionals. BlueCove was founded with the specific purpose of delivering strong investment outcomes for investors by researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.
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.
All investments involve risk including the possible loss of principal. Fixed income securities fluctuate in price in response to various factors, including changes in interest rates, changes in market conditions and issuer-specific events, and the value of your investment in the Fund may go down. There is a greater risk that the Fund will lose money because they invest in below- investment grade fixed income securities and unrated securities of similar credit quality (commonly referred to as “high-yield securities” or “junk bonds”). These securities are considered speculative because they have a higher risk of issuer default, are subject to greater price volatility and may be illiquid. Because the Fund may invest in securities of foreign issuers, an investment in the Fund is subject to special risks in addition to those of U.S. securities. These risks include heightened political and economic risks, greater volatility, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, possible sanctions by government bodies of other countries and less stringent investor protection and disclosure standards of foreign markets.
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).
Wtd. Avg. Market Coupon (%): the weighted average coupon rate of the underlying bonds in the Fund.
Wtd. Avg. Maturity (yrs): the weighted average length of time to the repayment of principal for the securities in the Fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Wtd. Avg. Duration (yrs): the weight average duration of the underlying bonds or derivative market exposures in the Fund. Duration is a time measure of a bond's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates
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