Harbor Scientific Alpha High-Yield ETF (SIHY)

An actively managed high-yield bond strategy with a systematic approach.

Overview

Performance

Holdings

Investment Team

Documents

800-422-1050

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Overview

Investment Team

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Current Price

As of 9/22/2023

$43.26

Price (NAV)

$0.07

NAV Daily Change ($)

0.16%

NAV Daily Change (%)

5.99%

NAV YTD Return

$43.21

Market Price

Market Daily Change ($)

Market Daily Change (%)

5.39%

Market YTD Return

8.09%

Current 30-Day Sub. SEC Yield

8.09%

Current 30-Day Unsub. SEC Yield

8.40%

Effective 30-Day Sub. SEC Yield

8.40%

Effective 30-Day Unsub. SEC Yield

Fund Facts

As of 9/22/2023

9/14/2021

Inception Date

0.48

Expense Ratio (%)

$109.172

Total Net Assets (million)

2,523,769

Shares Outstanding

(As of 9/25/2023)

SIHY

Ticker

41151J109

Cusip

NYSE

Exchange

US41151J1097

ISIN

Foreside Fund Services, LLC

Distributor

Monthly

Dividend Frequency

High-Yield

Morningstar Category

The ICE BofA US High Yield Index

Benchmark

Investment Objective:

The Fund seeks total return

Pricing/Trading

As of 9/22/2023

$43.21

Bid/Ask Mid Price

$43.21

Closing Market Price

-$0.05

Premium/Discount ($)

-0.11%

Premium/Discount (%)

2022

Q1 2023

Q2 2023

Q3 2023

YTD

Days Traded at a Premium

157

103

Days Traded at a Discount

0.18%

30-Day Median Bid/Ask Spread

9,780

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

Seeking an alternative approach to income?

Consider Harbor scientific fixed income ETFs

Performance

Average Annual Returns

Fund Name

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Scientific Alpha High-Yield ETF

1.14%

4.53%

9.61%

-2.07%

0.48% disclaimer

0.48%

Fund Market Price

0.43%

4.09%

9.32%

-2.33%

ICE BofA US High Yield Index (H0A0)

1.63%

5.41%

8.87%

-3.50%

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 ICE BofA US High Yield Index (H0A0) Index is an unmanaged index that tracks the performance of below investment grade U.S. Dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

Distribution History

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

9/1/2023

9/5/2023

9/7/2023

0.27672

8/1/2023

8/2/2023

8/4/2023

0.26387

7/3/2023

7/5/2023

7/7/2023

0.28284

6/1/2023

6/2/2023

6/6/2023

0.28597

5/1/2023

5/2/2023

5/4/2023

0.26127

4/3/2023

4/4/2023

4/6/2023

0.34874

3/1/2023

3/2/2023

3/6/2023

0.05143

2/1/2023

2/2/2023

2/6/2023

0.26359

12/21/2022

12/22/2022

12/27/2022

0.32126

12/1/2022

12/2/2022

12/6/2022

0.26145

11/1/2022

11/2/2022

11/4/2022

0.23527

10/3/2022

10/4/2022

10/6/2022

0.24301

9/1/2022

9/2/2022

9/7/2022

0.22966

8/1/2022

8/2/2022

8/4/2022

0.23152

7/1/2022

7/5/2022

7/7/2022

0.21357

6/1/2022

6/2/2022

6/6/2022

0.21666

5/2/2022

5/3/2022

5/5/2022

0.20488

4/1/2022

4/4/2022

4/6/2022

0.21280

3/1/2022

3/2/2022

3/4/2022

0.16586

2/1/2022

2/2/2022

2/4/2022

0.17639

12/22/2021

12/23/2021

12/28/2021

0.20058

0.00556

0.20614

12/1/2021

12/2/2021

12/6/2021

0.18745

11/1/2021

11/2/2021

11/4/2021

0.24998

Holdings

Portfolio Characteristics

As of 9/22/2023

Scientific Alpha High-Yield ETF

ICE BofA US High Yield Index (H0A0)

Number of Bonds

167

1865

Avg. Market Coupon (%)

5.65

5.98

Wtd. Avg. Maturity (yrs)

4.87

4.93

Wtd. Avg. Duration (yrs)

3.88

3.81

Top Ten Holdings

As of 9/21/2023

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

LIVE NATION ENTERTAINMEN

5/15/2027

6.5

1,589

1.5

UNICREDIT SPA

6/30/2035

5.5

1,532

1.4

HILTON DOMESTIC OPERATIN

5/1/2031

4.0

1,439

1.3

NEW FORTRESS ENERGY INC

9/15/2025

6.8

1,431

1.3

RAKUTEN GROUP INC

11/30/2024

10.3

1,400

1.3

FAIR ISAAC CORP

6/15/2028

4.0

1,353

1.2

DAVITA INC

6/1/2030

4.6

1,325

1.2

ROYAL CARIBBEAN CRUISES

8/15/2027

11.6

1,306

1.2

USA COM PART/USA COM FIN

4/1/2026

6.9

1,277

1.2

TEMPUR SEALY INTL INC

4/15/2029

4.0

1,269

1.2

% of Total Holdings:

12.8%

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.

Full Holdings

As of 9/21/2023

Download: Daily Full Holdings (csv)

Company Name

Category Name

Cusip

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

LIVE NATION ENTERTAINMEN

FIXED INCOME

538034AV1

1,600,000

5/15/2027

6.5

1,589

1.5

UNICREDIT SPA

FIXED INCOME

904678AS8

1,800,000

6/30/2035

5.5

1,532

1.4

HILTON DOMESTIC OPERATIN

FIXED INCOME

432833AL5

1,700,000

5/1/2031

4.0

1,439

1.3

NEW FORTRESS ENERGY INC

FIXED INCOME

644393AA8

1,500,000

9/15/2025

6.8

1,431

1.3

RAKUTEN GROUP INC

FIXED INCOME

75102WAD0

1,400,000

11/30/2024

10.3

1,400

1.3

FAIR ISAAC CORP

FIXED INCOME

303250AF1

1,500,000

6/15/2028

4.0

1,353

1.2

DAVITA INC

FIXED INCOME

23918KAS7

1,600,000

6/1/2030

4.6

1,325

1.2

ROYAL CARIBBEAN CRUISES

FIXED INCOME

780153BL5

1,200,000

8/15/2027

11.6

1,306

1.2

USA COM PART/USA COM FIN

FIXED INCOME

91740PAC2

1,300,000

4/1/2026

6.9

1,277

1.2

TEMPUR SEALY INTL INC

FIXED INCOME

88023UAH4

1,500,000

4/15/2029

4.0

1,269

1.2

COTY INC

FIXED INCOME

222070AE4

1,300,000

4/15/2026

5.0

1,250

1.1

VISTRA CORP

FIXED INCOME

92840VAA0

1,300,000

9/1/2026

5.5

1,234

1.1

BUILDERS FIRSTSOURCE INC

FIXED INCOME

12008RAP2

1,500,000

2/1/2032

4.3

1,233

1.1

VECTOR GROUP LTD

FIXED INCOME

92240MBL1

1,400,000

2/1/2029

5.8

1,204

1.1

OPEN TEXT HOLDINGS INC

FIXED INCOME

683720AA4

1,400,000

2/15/2030

4.1

1,187

1.1

FORTRESS TRANS & INFRAST

FIXED INCOME

34960PAD3

1,300,000

5/1/2028

5.5

1,180

1.1

AMERICAN AIRLINES/AADVAN

FIXED INCOME

00253XAA9

1,191,666.67

4/20/2026

5.5

1,164

1.1

TRANSOCEAN INC

FIXED INCOME

893830BQ1

1,100,000

1/30/2027

11.5

1,157

1.1

JAZZ SECURITIES DAC

FIXED INCOME

47216FAA5

1,300,000

1/15/2029

4.4

1,136

1.0

BAUSCH HEALTH COS INC

FIXED INCOME

071734AN7

1,900,000

6/1/2028

4.9

1,114

1.0

ASTON MARTIN CAPITAL HOL

FIXED INCOME

04625HAG4

1,100,000

11/30/2025

10.5

1,114

1.0

XEROX HOLDINGS CORP

FIXED INCOME

98421MAB2

1,250,000

8/15/2028

5.5

1,073

1.0

TRANSDIGM INC

FIXED INCOME

893647BQ9

1,200,000

5/1/2029

4.9

1,057

1.0

MOLINA HEALTHCARE INC

FIXED INCOME

60855RAL4

1,300,000

5/15/2032

3.9

1,056

1.0

PG&E CORP

FIXED INCOME

69331CAJ7

1,200,000

7/1/2030

5.3

1,054

1.0

AMC NETWORKS INC

FIXED INCOME

00164VAF0

1,700,000

2/15/2029

4.3

1,051

1.0

TRANSDIGM INC

FIXED INCOME

893647BP1

1,200,000

1/15/2029

4.6

1,050

1.0

INTESA SANPAOLO SPA

FIXED INCOME

46115HBQ9

1,400,000

6/1/2032

4.2

1,039

1.0

1011778 BC / NEW RED FIN

FIXED INCOME

68245XAP4

1,200,000

2/15/2029

3.5

1,039

1.0

LAMB WESTON HLD

FIXED INCOME

513272AD6

1,200,000

1/31/2030

4.1

1,028

0.9

HOLOGIC INC

FIXED INCOME

436440AP6

1,200,000

2/15/2029

3.3

1,017

0.9

TRANSOCEAN INC

FIXED INCOME

893830BF5

1,000,000

1/15/2026

7.5

981

0.9

BATH & BODY WORKS INC

FIXED INCOME

501797AM6

1,100,000

7/1/2036

6.8

980

0.9

HERBALIFE/HLF FINANCING

FIXED INCOME

42704MAA0

1,000,000

9/1/2025

7.9

959

0.9

OFFICE PPTY INCOME TRST

FIXED INCOME

81618TAC4

1,100,000

2/1/2025

4.5

951

0.9

BOYD GAMING CORP

FIXED INCOME

103304BV2

1,100,000

6/15/2031

4.8

950

0.9

NCL CORPORATION LTD

FIXED INCOME

62886HBA8

1,000,000

3/15/2026

5.9

935

0.9

CDI ESCROW ISSUER INC

FIXED INCOME

12511VAA6

1,000,000

4/1/2030

5.8

909

0.8

ANTERO MIDSTREAM PART/FI

FIXED INCOME

03690AAH9

1,000,000

6/15/2029

5.4

909

0.8

JAGUAR LAND ROVER AUTOMO

FIXED INCOME

47010BAK0

1,000,000

1/15/2028

5.9

904

0.8

CHEMOURS CO

FIXED INCOME

163851AF5

1,000,000

11/15/2028

5.8

885

0.8

GAP INC/THE

FIXED INCOME

364760AP3

1,200,000

10/1/2029

3.6

878

0.8

VECTOR GROUP LTD

FIXED INCOME

92240MBJ6

800,000

11/1/2026

10.5

804

0.7

RITHM CAPITAL CORP

FIXED INCOME

64828TAA0

800,000

10/15/2025

6.3

759

0.7

CIMPRESS PLC

FIXED INCOME

17186HAG7

800,000

6/15/2026

7.0

753

0.7

ALLISON TRANSMISSION INC

FIXED INCOME

019736AG2

900,000

1/30/2031

3.8

739

0.7

GRUBHUB HOLDINGS INC

FIXED INCOME

40010PAA6

980,000

7/1/2027

5.5

721

0.7

PROG HOLDINGS INC

FIXED INCOME

74319RAA9

800,000

11/15/2029

6.0

710

0.7

HOWARD HUGHES CORP

FIXED INCOME

44267DAF4

900,000

2/1/2031

4.4

709

0.7

MUELLER WATER PRODUCTS

FIXED INCOME

624758AF5

800,000

6/15/2029

4.0

704

0.6

LADDER CAP FIN LLLP/CORP

FIXED INCOME

505742AM8

800,000

2/1/2027

4.3

704

0.6

GLOBAL NET LEASE/GLOBAL

FIXED INCOME

37892AAA8

900,000

12/15/2027

3.8

702

0.6

FRONTIER COMMUNICATIONS

FIXED INCOME

35906ABG2

900,000

5/1/2029

6.8

696

0.6

G-III APPAREL GROUP LTD

FIXED INCOME

36237HAA9

700,000

8/15/2025

7.9

694

0.6

LIFE TIME INC

FIXED INCOME

53190FAC9

700,000

4/15/2026

8.0

690

0.6

SERVICE PROPERTIES TRUST

FIXED INCOME

81761LAA0

700,000

9/15/2025

7.5

687

0.6

CHORD ENERGY CORP

FIXED INCOME

674215AL2

700,000

6/1/2026

6.4

685

0.6

UNISYS CORP

FIXED INCOME

909214BV9

900,000

11/1/2027

6.9

684

0.6

KENNEDY-WILSON INC

FIXED INCOME

489399AM7

900,000

3/1/2031

5.0

680

0.6

USA COM PART/USA COM FIN

FIXED INCOME

91740PAF5

700,000

9/1/2027

6.9

680

0.6

IRON MOUNTAIN INFO MGMT

FIXED INCOME

46285MAA8

800,000

7/15/2032

5.0

669

0.6

TRIUMPH GROUP INC

FIXED INCOME

896818AP6

700,000

8/15/2025

7.8

667

0.6

DELUXE CORP

FIXED INCOME

248019AU5

800,000

6/1/2029

8.0

666

0.6

MURPHY OIL USA INC

FIXED INCOME

626738AF5

800,000

2/15/2031

3.8

657

0.6

LAS VEGAS SANDS CORP

FIXED INCOME

517834AH0

700,000

6/25/2025

2.9

657

0.6

HOWARD HUGHES CORP

FIXED INCOME

44267DAE7

800,000

2/1/2029

4.1

654

0.6

HOLOGIC INC

FIXED INCOME

436440AM3

700,000

2/1/2028

4.6

649

0.6

DELEK LOG PART/FINANCE

FIXED INCOME

24665FAC6

700,000

6/1/2028

7.1

645

0.6

IAMGOLD CORP

FIXED INCOME

450913AF5

800,000

10/15/2028

5.8

632

0.6

RAIN CARBON INC

FIXED INCOME

75079LAB7

600,000

9/1/2029

12.3

629

0.6

MURPHY OIL USA INC

FIXED INCOME

626738AE8

700,000

9/15/2029

4.8

629

0.6

BWX TECHNOLOGIES INC

FIXED INCOME

05605HAB6

700,000

6/30/2028

4.1

621

0.6

SUNOCO LP/FINANCE CORP

FIXED INCOME

86765LAT4

700,000

5/15/2029

4.5

619

0.6

BWX TECHNOLOGIES INC

FIXED INCOME

05605HAC4

700,000

4/15/2029

4.1

614

0.6

STARWOOD PROPERTY TRUST

FIXED INCOME

85571BAY1

695,000

1/15/2027

4.4

613

0.6

WEATHERFORD INTERNATIONA

FIXED INCOME

947075AU1

600,000

4/30/2030

8.6

609

0.6

CTR PARTNERSHIP/CARETRST

FIXED INCOME

126458AE8

700,000

6/30/2028

3.9

608

0.6

ENCOMPASS HEALTH CORP

FIXED INCOME

29261AAE0

700,000

4/1/2031

4.6

603

0.6

NRG ENERGY INC

FIXED INCOME

629377CS9

800,000

2/15/2032

3.9

600

0.6

JAGUAR LAND ROVER AUTOMO

FIXED INCOME

47010BAM6

700,000

7/15/2029

5.5

599

0.5

PBF HOLDING CO LLC

FIXED INCOME

69318FAL2

600,000

9/15/2030

7.9

598

0.5

ATKORE INC

FIXED INCOME

047649AA6

700,000

6/1/2031

4.3

593

0.5

PENSKE AUTOMOTIVE GROUP

FIXED INCOME

70959WAK9

700,000

6/15/2029

3.8

591

0.5

OPEN TEXT CORP

FIXED INCOME

683715AD8

700,000

12/1/2029

3.9

583

0.5

DRAX FINCO PLC

FIXED INCOME

26151AAA7

600,000

11/1/2025

6.6

583

0.5

VISTA OUTDOOR INC

FIXED INCOME

928377AC4

700,000

3/15/2029

4.5

582

0.5

HLF FIN SARL LLC/HERBALI

FIXED INCOME

40390DAC9

800,000

6/1/2029

4.9

576

0.5

ELDORADO GOLD CORP

FIXED INCOME

284902AF0

650,000

9/1/2029

6.3

569

0.5

IQVIA INC

FIXED INCOME

46266TAA6

600,000

5/15/2027

5.0

567

0.5

AMS-OSRAM AG

FIXED INCOME

03217CAA4

600,000

7/31/2025

7.0

565

0.5

TASEKO MINES LTD

FIXED INCOME

876511AF3

600,000

2/15/2026

7.0

563

0.5

GARTNER INC

FIXED INCOME

366651AC1

600,000

7/1/2028

4.5

547

0.5

LIONS GATE CAPITAL HOLD

FIXED INCOME

53627NAE1

800,000

4/15/2029

5.5

541

0.5

DISH DBS CORP

FIXED INCOME

25470XAY1

700,000

7/1/2026

7.8

538

0.5

GRAFTECH FINANCE INC

FIXED INCOME

384311AA4

700,000

12/15/2028

4.6

536

0.5

MARRIOTT OWNERSHIP RESOR

FIXED INCOME

57164PAF3

600,000

1/15/2028

4.8

531

0.5

VIASAT INC

FIXED INCOME

92552VAN0

700,000

7/15/2028

6.5

524

0.5

WABASH NATIONAL CORP

FIXED INCOME

929566AL1

600,000

10/15/2028

4.5

508

0.5

AMERIGAS PART/FIN CORP

FIXED INCOME

030981AM6

500,000

6/1/2028

9.4

508

0.5

MARRIOTT OWNERSHIP RESOR

FIXED INCOME

57164PAH9

600,000

6/15/2029

4.5

503

0.5

HILTON GRAND VAC BOR ESC

FIXED INCOME

43284MAB4

600,000

7/1/2031

4.9

492

0.5

ENOVA INTERNATIONAL INC

FIXED INCOME

29357KAF0

498,000

9/15/2025

8.5

491

0.5

CARNIVAL CORP

FIXED INCOME

143658BL5

500,000

3/1/2026

7.6

491

0.5

INTESA SANPAOLO SPA

FIXED INCOME

46115HAW7

500,000

1/15/2026

5.7

478

0.4

ALLISON TRANSMISSION INC

FIXED INCOME

019736AF4

500,000

6/1/2029

5.9

476

0.4

GFL ENVIRONMENTAL INC

FIXED INCOME

36168QAK0

500,000

8/1/2025

3.8

474

0.4

XEROX CORPORATION

FIXED INCOME

984121CB7

600,000

12/15/2039

6.8

467

0.4

HOLLY NRG PRTNR/FIN CORP

FIXED INCOME

435765AH5

500,000

2/1/2028

5.0

465

0.4

PITNEY BOWES INC

FIXED INCOME

724479AP5

600,000

3/15/2027

6.9

463

0.4

TUTOR PERINI CORP

FIXED INCOME

901109AF5

500,000

5/1/2025

6.9

461

0.4

CCO HLDGS LLC/CAP CORP

FIXED INCOME

1248EPCL5

600,000

6/1/2033

4.5

461

0.4

FMG RESOURCES AUG 2006

FIXED INCOME

30251GBE6

500,000

4/15/2032

6.1

458

0.4

UPBOUND GROUP INC

FIXED INCOME

76009NAL4

500,000

2/15/2029

6.4

453

0.4

ICAHN ENTERPRISES/FIN

FIXED INCOME

451102BZ9

500,000

5/15/2027

5.3

441

0.4

COMMERCIAL METALS CO

FIXED INCOME

201723AQ6

500,000

1/15/2030

4.1

439

0.4

PITNEY BOWES INC

FIXED INCOME

724479AQ3

600,000

3/15/2029

7.3

432

0.4

COMMERCIAL METALS CO

FIXED INCOME

201723AP8

500,000

2/15/2031

3.9

422

0.4

CCO HLDGS LLC/CAP CORP

FIXED INCOME

1248EPCD3

500,000

3/1/2030

4.8

421

0.4

TRINET GROUP INC

FIXED INCOME

896288AA5

500,000

3/1/2029

3.5

421

0.4

SERVICE CORP INTL

FIXED INCOME

817565CG7

500,000

5/15/2031

4.0

411

0.4

CCO HLDGS LLC/CAP CORP

FIXED INCOME

1248EPCQ4

500,000

2/1/2032

4.8

404

0.4

MANITOWOC COMPANY INC

FIXED INCOME

563571AL2

400,000

4/1/2026

9.0

400

0.4

CPI CG INC

FIXED INCOME

12598FAA7

400,000

3/15/2026

8.6

389

0.4

PTC INC

FIXED INCOME

69370CAB6

400,000

2/15/2025

3.6

384

0.4

GRAN TIERRA ENERGY INTL

FIXED INCOME

38502HAA3

400,000

2/15/2025

6.3

380

0.3

ACADIA HEALTHCARE CO INC

FIXED INCOME

00404AAN9

400,000

7/1/2028

5.5

377

0.3

CARS.COM INC

FIXED INCOME

14575EAA3

400,000

11/1/2028

6.4

368

0.3

COINBASE GLOBAL INC

FIXED INCOME

19260QAC1

500,000

10/1/2028

3.4

367

0.3

1011778 BC / NEW RED FIN

FIXED INCOME

68245XAH2

400,000

1/15/2028

3.9

358

0.3

ARCOSA INC

FIXED INCOME

039653AA8

400,000

4/15/2029

4.4

351

0.3

PARK-OHIO INDUSTRIES INC

FIXED INCOME

700677AR8

400,000

4/15/2027

6.6

348

0.3

TELESAT CANADA/TELESAT L

FIXED INCOME

87952VAR7

500,000

12/6/2026

5.6

348

0.3

WORLD ACCEPTANCE CORP

FIXED INCOME

981419AC8

400,000

11/1/2026

7.0

340

0.3

NATIONSTAR MTG HLD INC

FIXED INCOME

63861CAE9

400,000

11/15/2031

5.8

337

0.3

ALLIANCE RES OP/FINANCE

FIXED INCOME

01879NAA3

338,000

5/1/2025

7.5

336

0.3

HILTON DOMESTIC OPERATIN

FIXED INCOME

432833AN1

400,000

2/15/2032

3.6

325

0.3

TURNING POINT BRANDS INC

FIXED INCOME

90041LAF2

342,000

2/15/2026

5.6

318

0.3

DAVITA INC

FIXED INCOME

23918KAT5

400,000

2/15/2031

3.8

308

0.3

FAIR ISAAC CORP

FIXED INCOME

303250AE4

300,000

5/15/2026

5.3

291

0.3

CSI COMPRESSCO LP/FINANC

FIXED INCOME

12652HAA6

300,000

4/1/2025

7.5

290

0.3

ENPRO INDUSTRIES INC

FIXED INCOME

29355XAG2

300,000

10/15/2026

5.8

290

0.3

WESTERN DIGITAL CORP

FIXED INCOME

958102AM7

300,000

2/15/2026

4.8

287

0.3

AMERIGAS PART/FIN CORP

FIXED INCOME

030981AL8

300,000

5/20/2027

5.8

283

0.3

FORD MOTOR CREDIT CO LLC

FIXED INCOME

345397B85

300,000

2/10/2025

2.3

281

0.3

SABRE GLBL INC

FIXED INCOME

78573NAH5

300,000

12/15/2027

11.3

277

0.3

XEROX CORPORATION

FIXED INCOME

984121CL5

400,000

3/1/2035

4.8

273

0.3

CVR ENERGY INC

FIXED INCOME

12662PAD0

300,000

2/15/2028

5.8

273

0.3

FIRSTCASH INC

FIXED INCOME

31944TAA8

300,000

1/1/2030

5.6

271

0.2

MICROSTRATEGY INC

FIXED INCOME

594972AF8

300,000

6/15/2028

6.1

269

0.2

KBR INC

FIXED INCOME

48242WAC0

300,000

9/30/2028

4.8

268

0.2

SUNOCO LP/FINANCE CORP

FIXED INCOME

86765LAZ0

300,000

4/30/2030

4.5

259

0.2

VISTRA OPERATIONS CO LLC

FIXED INCOME

92840VAH5

300,000

5/1/2029

4.4

259

0.2

LAMB WESTON HLD

FIXED INCOME

513272AE4

300,000

1/31/2032

4.4

254

0.2

ONEMAIN FINANCE CORP

FIXED INCOME

85172FAR0

300,000

11/15/2029

5.4

253

0.2

FMG RESOURCES AUG 2006

FIXED INCOME

30251GBC0

300,000

4/1/2031

4.4

248

0.2

LADDER CAP FIN LLLP/CORP

FIXED INCOME

505742AP1

300,000

6/15/2029

4.8

247

0.2

KENNEDY-WILSON INC

FIXED INCOME

489399AN5

300,000

2/1/2030

4.8

230

0.2

ONEMAIN FINANCE CORP

FIXED INCOME

682691AA8

300,000

9/15/2030

4.0

227

0.2

CUMULUS MEDIA NEW HLDGS

FIXED INCOME

23110AAA4

300,000

7/1/2026

6.8

226

0.2

GAP INC/THE

FIXED INCOME

364760AQ1

300,000

10/1/2031

3.9

209

0.2

STARWOOD PROPERTY TRUST

FIXED INCOME

85571BAL9

200,000

3/15/2025

4.8

193

0.2

UNICREDIT SPA

FIXED INCOME

904678AQ2

200,000

4/2/2034

7.3

190

0.2

VM CONSOLIDATED INC

FIXED INCOME

91835HAA0

200,000

4/15/2029

5.5

181

0.2

CCO HLDGS LLC/CAP CORP

FIXED INCOME

1248EPCP6

200,000

1/15/2034

4.3

149

0.1

NEW FORTRESS ENERGY INC

FIXED INCOME

644393AB6

100,000

9/30/2026

6.5

0.1

OFFICE PPTY INCOME TRST

FIXED INCOME

67623CAD1

100,000

6/15/2026

2.6

0.1

TRINSEO OP / TRINSEO FIN

FIXED INCOME

89668QAE8

59,000

9/1/2025

5.4

0.0

EURO CURRENCY

CASH

1,481.42

0.0

Total

106,397

97.5

Cash and Other Assets Less Liabilities

2.5

Total Net Assets

100%

Sector Allocation

As of 9/22/2023

Scientific Alpha High-Yield ETF (SIHY)

ICE BofA US High Yield Index (H0A0)

REITs

SIHY: 5.7%

Benchmark: 3.4%

Specialty Retail

SIHY: 5.6%

Benchmark: 3.0%

Oil Field Equipment & Services

SIHY: 4.7%

Benchmark: 1.7%

Software/Services

SIHY: 4.6%

Benchmark: 2.8%

Aerospace/Defense

SIHY: 4.0%

Benchmark: 2.4%

Cons/Comm/Lease Financing

SIHY: 3.6%

Benchmark: 3.3%

Recreation & Travel

SIHY: 3.4%

Benchmark: 3.4%

Hotels

SIHY: 3.1%

Benchmark: 0.9%

Banking

SIHY: 3.0%

Benchmark: 0.8%

Personal & Household Products

SIHY: 2.9%

Benchmark: 1.5%

Gas Distribution

SIHY: 2.7%

Benchmark: 4.6%

Metals/Mining Excluding Steel

SIHY: 2.6%

Benchmark: 1.4%

Food - Wholesale

SIHY: 2.6%

Benchmark: 1.9%

Electric-Generation

SIHY: 2.5%

Benchmark: 1.7%

Automakers

SIHY: 2.5%

Benchmark: 1.2%

Health Services

SIHY: 2.4%

Benchmark: 1.9%

Gaming

SIHY: 2.3%

Benchmark: 3.2%

Oil Refining & Marketing

SIHY: 2.2%

Benchmark: 1.1%

Machinery

SIHY: 2.2%

Benchmark: 1.3%

Tobacco

SIHY: 2.2%

Benchmark: 0.2%

Pharmaceuticals

SIHY: 2.1%

Benchmark: 1.8%

RealEstate Dev & Mgt

SIHY: 2.1%

Benchmark: 0.7%

Tech Hardware & Equipment

SIHY: 1.9%

Benchmark: 1.7%

Cable & Satellite TV

SIHY: 1.8%

Benchmark: 4.6%

Support-Services

SIHY: 1.7%

Benchmark: 6.0%

Media Content

SIHY: 1.7%

Benchmark: 2.6%

Medical Products

SIHY: 1.5%

Benchmark: 1.1%

Theaters & Entertainment

SIHY: 1.5%

Benchmark: 0.5%

Chemicals

SIHY: 1.5%

Benchmark: 2.3%

Printing & Publishing

SIHY: 1.3%

Benchmark: 0.4%

Diversified Capital Goods

SIHY: 1.3%

Benchmark: 0.4%

Restaurants

SIHY: 1.3%

Benchmark: 1.2%

Food & Drug Retailers

SIHY: 1.2%

Benchmark: 0.9%

Building Materials

SIHY: 1.1%

Benchmark: 1.5%

Auto Parts & Equipment

SIHY: 1.1%

Benchmark: 1.6%

Investments & Misc Financial Services

SIHY: 1.1%

Benchmark: 1.5%

Air Transportation

SIHY: 1.1%

Benchmark: 1.8%

Energy - Exploration & Production

SIHY: 1.0%

Benchmark: 3.9%

Managed Care

SIHY: 1.0%

Benchmark: 0.3%

Electric-Integrated

SIHY: 1.0%

Benchmark: 0.9%

Health Facilities

SIHY: 0.9%

Benchmark: 2.8%

Telecom - Satellite

SIHY: 0.8%

Benchmark: 0.7%

Steel Producers/Products

SIHY: 0.8%

Benchmark: 0.6%

Non-Electric Utilities

SIHY: 0.7%

Benchmark: 0.4%

Telecom - Wireline Integrated & Services

SIHY: 0.7%

Benchmark: 4.1%

Electronics

SIHY: 0.5%

Benchmark: 1.1%

Building & Construction

SIHY: 0.4%

Benchmark: 1.5%

Environmental

SIHY: 0.4%

Benchmark: 0.6%

Advertising

SIHY: 0.3%

Benchmark: 1.2%

Auto Loans

SIHY: 0.3%

Benchmark: 2.4%

Beverage

SIHY: 0.0%

Benchmark: 0.1%

Brokerage

SIHY: 0.0%

Benchmark: 0.2%

Department Stores

SIHY: 0.0%

Benchmark: 0.5%

Derivatives

SIHY: 0.0%

Benchmark: NaN%

Discount Stores

SIHY: 0.0%

Benchmark: 0.0%

Electric-Distr/Trans

SIHY: 0.0%

Benchmark: 0.1%

Forestry/Paper

SIHY: 0.0%

Benchmark: 0.3%

Insurance Brokerage

SIHY: 0.0%

Benchmark: 1.5%

Life Insurance

SIHY: 0.0%

Benchmark: 0.1%

Media - Diversified

SIHY: 0.0%

Benchmark: 0.3%

Monoline Insurance

SIHY: 0.0%

Benchmark: 0.1%

Multi-Line Insurance

SIHY: 0.0%

Benchmark: 0.0%

Packaging

SIHY: 0.0%

Benchmark: 2.7%

P&C

SIHY: 0.0%

Benchmark: 0.1%

Rail

SIHY: 0.0%

Benchmark: 0.0%

Telecom - Wireless

SIHY: 0.0%

Benchmark: 0.6%

Transport Infrastructure/Services

SIHY: 0.0%

Benchmark: 0.2%

Trucking & Delivery

SIHY: 0.0%

Benchmark: 0.1%

SIHY: Scientific Alpha High-Yield ETF

Benchmark: ICE BofA US High Yield Index (H0A0)

Maturity Profile

As of 9/22/2023

Maturity

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr

0.0

0.3

1-3 yr

25.7

22.1

3-5 yr

22.7

32.2

5-7 yr

34.6

31.9

7-10 yr

14.2

10.9

10-20 yr

1.7

20-30 yr

0.0

0.7

Over 30 yr

0.0

Duration

As of 9/22/2023

Duration

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr

3.4

2.5

1-3 yr

28.9

3-5 yr

40.8

47.6

5-7 yr

23.7

18.4

7-10 yr

2.2

1.4

10-20 yr

0.0

0.9

20-30 yr

0.0

Over 30 yr

0.0

Investment Team

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.

Learn More About BlueCove

Benjamin Brodsky, CFA

Chief Investment Officer

Michael Harper, CFA

Head of Portfolio Management

Garth Flannery, CFA

Head of Asset Allocation

Benoy Thomas, CFA

Head of Credit

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

For former Harbor High-Yield Bond Fund shareholders:

American Stock Transfer & Trust Company, LLC (AST) is Cypress Trust Company transfer agent and dividend disbursing agent. AST's automated telephone support services are available 24 hours per day, seven days per week.

AST may be contacted as follows:

Mailing Address
AST
Attention: Harbor Capital MF
6201 15^th Avenue
Brooklyn, NY 11219
Telephone
An AST shareholder services representative can be reached at (800) 937-5449 between the hours of 8 a.m. and 8 p.m. Eastern Time, Monday through Friday. An Interactive Voice Response System is available 24 hours a day, seven days a week.
Website
Shareholders can access information on AST's website at https://www.astfinancial.com/login

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