Harbor Capital | ETF | Harbor Scientific Alpha High-Yield ETF (SIHY)

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Harbor Scientific Alpha High-Yield ETF (SIHY)

Taking a scientific approach to active high-yield investing

Overview

Performance

Holdings

Investment Team

Documents

800-422-1050

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Overview

Investment Team

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Current Price

As of 3/29/2023

$43.32

Price (NAV)

$0.20

NAV Daily Change ($)

0.46%

NAV Daily Change (%)

2.04%

NAV YTD Return

$43.46

Market Price

$0.47

Market Daily Change ($)

1.09%

Market Daily Change (%)

1.91%

Market YTD Return

8.24%

Current 30-Day Sub. SEC Yield

8.24%

Current 30-Day Unsub. SEC Yield

8.56%

Effective 30-Day Sub. SEC Yield

8.56%

Effective 30-Day Unsub. SEC Yield

Fund Facts

As of 3/29/2023

9/14/2021

Inception Date

0.48

Expense Ratio (%)

$138.564

Total Net Assets (million)

3,198,769

Shares Outstanding

(As of 3/30/2023)

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 3/29/2023

$43.47

Bid/Ask Mid Price

$43.46

Closing Market Price

$0.15

Premium/Discount ($)

0.35%

Premium/Discount (%)

	2022	Q1 2023	YTD
Days Traded at a Premium	157	46	46
Days Traded at a Discount	94	14	14

0.07%

30-Day Median Bid/Ask Spread

22,054

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

5.32%

-7.89%

-6.12%

0.48% disclaimer

0.48%

Fund Market Price

6.11%

-8.16%

-6.14%

ICE BofA US High Yield Index (H0A0)

3.98%

-11.22%

-8.59%

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

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 3/29/2023

Scientific Alpha High-Yield ETF

ICE BofA US High Yield Index (H0A0)

Number of Bonds

197

1931

Avg. Market Coupon (%)

5.47

5.84

Wtd. Avg. Maturity (yrs)

5.28

Wtd. Avg. Duration (yrs)

4.16

4.05

Top Ten Holdings

As of 3/29/2023

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625

8/15/2027

11.6

1,916

1.4

HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 05/31 4

5/1/2031

4.0

1,812

1.3

UNICREDIT SPA SUBORDINATED 144A 06/35 VAR

6/30/2035

5.5

1,767

1.3

JAZZ SECURITIES DAC SR SECURED 144A 01/29 4.375

1/15/2029

4.4

1,736

1.3

LAMB WESTON HLD COMPANY GUAR 144A 01/30 4.125

1/31/2030

4.1

1,722

1.2

COTY INC SR SECURED 144A 04/26 5

4/15/2026

5.0

1,639

1.2

NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75

9/15/2025

6.8

1,620

1.2

LIVE NATION ENTERTAINMEN SR SECURED 144A 05/27 6.5

5/15/2027

6.5

1,593

1.1

HOLOGIC INC COMPANY GUAR 144A 02/29 3.25

2/15/2029

3.3

1,589

1.1

DT MIDSTREAM INC COMPANY GUAR 144A 06/29 4.125

6/15/2029

4.1

1,570

1.1

% of Total Holdings:

12.2%

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.

Full Holdings

As of 3/29/2023

Download: Daily Full Holdings (csv)

Company Name

Category Name

Cusip

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625

Bond

780153BL5

1,800,000

8/15/2027

11.6

1,916

1.4

HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 05/31 4

Bond

432833AL5

2,100,000

5/1/2031

4.0

1,812

1.3

UNICREDIT SPA SUBORDINATED 144A 06/35 VAR

Bond

904678AS8

2,200,000

6/30/2035

5.5

1,767

1.3

JAZZ SECURITIES DAC SR SECURED 144A 01/29 4.375

Bond

47216FAA5

1,900,000

1/15/2029

4.4

1,736

1.3

LAMB WESTON HLD COMPANY GUAR 144A 01/30 4.125

Bond

513272AD6

1,900,000

1/31/2030

4.1

1,722

1.2

COTY INC SR SECURED 144A 04/26 5

Bond

222070AE4

1,700,000

4/15/2026

5.0

1,639

1.2

NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75

Bond

644393AA8

1,700,000

9/15/2025

6.8

1,620

1.2

LIVE NATION ENTERTAINMEN SR SECURED 144A 05/27 6.5

Bond

538034AV1

1,600,000

5/15/2027

6.5

1,593

1.1

HOLOGIC INC COMPANY GUAR 144A 02/29 3.25

Bond

436440AP6

1,800,000

2/15/2029

3.3

1,589

1.1

DT MIDSTREAM INC COMPANY GUAR 144A 06/29 4.125

Bond

23345MAA5

1,800,000

6/15/2029

4.1

1,570

1.1

AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5

Bond

00253XAA9

1,600,000

4/20/2026

5.5

1,567

1.1

FORTRESS TRANS + INFRAST COMPANY GUAR 144A 05/28 5.5

Bond

34960PAD3

1,700,000

5/1/2028

5.5

1,525

1.1

CARNIVAL CORP COMPANY GUAR 144A 03/26 7.625

Bond

143658BL5

1,700,000

3/1/2026

7.6

1,522

1.1

RAKUTEN GROUP INC SR UNSECURED 144A 11/24 10.25

Bond

75102WAD0

1,600,000

11/30/2024

10.3

1,488

1.1

VECTOR GROUP LTD SR SECURED 144A 02/29 5.75

Bond

92240MBL1

1,700,000

2/1/2029

5.8

1,472

1.1

SERVICE PROPERTIES TRUST COMPANY GUAR 09/25 7.5

Bond

81761LAA0

1,500,000

9/15/2025

7.5

1,460

1.1

OPEN TEXT HOLDINGS INC COMPANY GUAR 144A 02/30 4.125

Bond

683720AA4

1,700,000

2/15/2030

4.1

1,458

1.1

SIRIUS XM RADIO INC COMPANY GUAR 144A 09/31 3.875

Bond

82967NBM9

1,900,000

9/1/2031

3.9

1,447

1.0

GARTNER INC COMPANY GUAR 144A 07/28 4.5

Bond

366651AC1

1,500,000

7/1/2028

4.5

1,413

1.0

FAIR ISAAC CORP SR UNSECURED 144A 06/28 4

Bond

303250AF1

1,500,000

6/15/2028

4.0

1,382

1.0

KFC HLD/PIZZA HUT/TACO COMPANY GUAR 144A 06/27 4.75

Bond

48250NAC9

1,400,000

6/1/2027

4.8

1,364

1.0

USA COM PART/USA COM FIN COMPANY GUAR 04/26 6.875

Bond

91740PAC2

1,400,000

4/1/2026

6.9

1,358

1.0

CHEMOURS CO COMPANY GUAR 144A 11/28 5.75

Bond

163851AF5

1,500,000

11/15/2028

5.8

1,335

1.0

FRONTIER COMMUNICATIONS SECURED 144A 05/29 6.75

Bond

35906ABG2

1,700,000

5/1/2029

6.8

1,325

1.0

SERVICE CORP INTL SR UNSECURED 05/31 4

Bond

817565CG7

1,500,000

5/15/2031

4.0

1,311

0.9

TEMPUR SEALY INTL INC COMPANY GUAR 144A 04/29 4

Bond

88023UAH4

1,500,000

4/15/2029

4.0

1,303

0.9

DISH DBS CORP COMPANY GUAR 07/26 7.75

Bond

25470XAY1

2,000,000

7/1/2026

7.8

1,242

0.9

TRANSDIGM INC COMPANY GUAR 05/29 4.875

Bond

893647BQ9

1,400,000

5/1/2029

4.9

1,219

0.9

XEROX HOLDINGS CORP COMPANY GUAR 144A 08/28 5.5

Bond

98421MAB2

1,450,000

8/15/2028

5.5

1,216

0.9

HOWMET AEROSPACE INC SR UNSECURED 02/37 5.95

Bond

013817AK7

1,200,000

2/1/2037

6.0

1,193

0.9

MOLINA HEALTHCARE INC SR UNSECURED 144A 05/32 3.875

Bond

60855RAL4

1,400,000

5/15/2032

3.9

1,175

0.8

ALLISON TRANSMISSION INC COMPANY GUAR 144A 01/31 3.75

Bond

019736AG2

1,400,000

1/30/2031

3.8

1,173

0.8

SUNOCO LP/FINANCE CORP COMPANY GUAR 04/30 4.5

Bond

86765LAZ0

1,300,000

4/30/2030

4.5

1,150

0.8

TRANSOCEAN INC COMPANY GUAR 144A 01/27 11.5

Bond

893830BQ1

1,100,000

1/30/2027

11.5

1,132

0.8

ICAHN ENTERPRISES/FIN COMPANY GUAR 05/27 5.25

Bond

451102BZ9

1,200,000

5/15/2027

5.3

1,103

0.8

ICAHN ENTERPRISES/FIN COMPANY GUAR 02/29 4.375

Bond

451102CC9

1,300,000

2/1/2029

4.4

1,094

0.8

1011778 BC / NEW RED FIN SR SECURED 144A 02/29 3.5

Bond

68245XAP4

1,200,000

2/15/2029

3.5

1,063

0.8

TRANSDIGM INC COMPANY GUAR 01/29 4.625

Bond

893647BP1

1,200,000

1/15/2029

4.6

1,046

0.8

HERBALIFE/HLF FINANCING COMPANY GUAR 144A 09/25 7.875

Bond

42704MAA0

1,100,000

9/1/2025

7.9

1,044

0.8

OFFICE PPTY INCOME TRST SR UNSECURED 02/25 4.5

Bond

81618TAC4

1,200,000

2/1/2025

4.5

1,040

0.8

LADDER CAP FIN LLLP/CORP COMPANY GUAR 144A 02/27 4.25

Bond

505742AM8

1,300,000

2/1/2027

4.3

1,033

0.7

AMC NETWORKS INC COMPANY GUAR 02/29 4.25

Bond

00164VAF0

1,700,000

2/15/2029

4.3

1,031

0.7

TEREX CORP COMPANY GUAR 144A 05/29 5

Bond

880779BA0

1,100,000

5/15/2029

5.0

1,018

0.7

FORD MOTOR CREDIT CO LLC SR UNSECURED 02/25 2.3

Bond

345397B85

1,100,000

2/10/2025

2.3

1,017

0.7

WILLIAMS SCOTSMAN INTL SR SECURED 144A 06/25 6.125

Bond

71953LAA9

1,000,000

6/15/2025

6.1

995

0.7

TRANSOCEAN INC COMPANY GUAR 144A 01/26 7.5

Bond

893830BF5

1,100,000

1/15/2026

7.5

994

0.7

INTESA SANPAOLO SPA SUBORDINATED 144A 06/32 VAR

Bond

46115HBQ9

1,400,000

6/1/2032

4.2

974

0.7

BOYD GAMING CORP COMPANY GUAR 144A 06/31 4.75

Bond

103304BV2

1,100,000

6/15/2031

4.8

974

0.7

GAP INC/THE COMPANY GUAR 144A 10/29 3.625

Bond

364760AP3

1,400,000

10/1/2029

3.6

960

0.7

BATH + BODY WORKS INC COMPANY GUAR 07/36 6.75

Bond

501797AM6

1,100,000

7/1/2036

6.8

959

0.7

RAIN CII CARBON LLC/CII SECURED 144A 04/25 7.25

Bond

75079RAC2

1,000,000

4/1/2025

7.3

956

0.7

HOWARD HUGHES CORP COMPANY GUAR 144A 02/31 4.375

Bond

44267DAF4

1,200,000

2/1/2031

4.4

956

0.7

GAP INC/THE COMPANY GUAR 144A 10/31 3.875

Bond

364760AQ1

1,400,000

10/1/2031

3.9

947

0.7

CDI ESCROW ISSUER INC SR UNSECURED 144A 04/30 5.75

Bond

12511VAA6

1,000,000

4/1/2030

5.8

945

0.7

SUNOCO LP/FINANCE CORP COMPANY GUAR 05/29 4.5

Bond

86765LAT4

1,000,000

5/15/2029

4.5

902

0.7

RITHM CAPITAL CORP SR UNSECURED 144A 10/25 6.25

Bond

64828TAA0

1,000,000

10/15/2025

6.3

896

0.6

GARTNER INC COMPANY GUAR 144A 06/29 3.625

Bond

366651AG2

1,000,000

6/15/2029

3.6

889

0.6

PTC INC COMPANY GUAR 144A 02/25 3.625

Bond

69370CAB6

900,000

2/15/2025

3.6

873

0.6

BAUSCH HEALTH COS INC SR SECURED 144A 06/28 4.875

Bond

071734AN7

1,500,000

6/1/2028

4.9

872

0.6

LIFE TIME INC COMPANY GUAR 144A 04/26 8

Bond

53190FAC9

900,000

4/15/2026

8.0

854

0.6

NCL CORPORATION LTD COMPANY GUAR 144A 03/26 5.875

Bond

62886HBA8

1,000,000

3/15/2026

5.9

846

0.6

JAGUAR LAND ROVER AUTOMO SR UNSECURED 144A 01/28 5.875

Bond

47010BAK0

1,000,000

1/15/2028

5.9

842

0.6

LAS VEGAS SANDS CORP SR UNSECURED 06/25 2.9

Bond

517834AH0

900,000

6/25/2025

2.9

839

0.6

1011778 BC / NEW RED FIN SR SECURED 144A 01/28 3.875

Bond

68245XAH2

900,000

1/15/2028

3.9

830

0.6

HOLLY NRG PRTNR/FIN CORP COMPANY GUAR 144A 02/28 5

Bond

435765AH5

900,000

2/1/2028

5.0

829

0.6

MURPHY OIL USA INC COMPANY GUAR 09/29 4.75

Bond

626738AE8

900,000

9/15/2029

4.8

816

0.6

TRIUMPH GROUP INC COMPANY GUAR 08/25 7.75

Bond

896818AP6

900,000

8/15/2025

7.8

809

0.6

VECTOR GROUP LTD COMPANY GUAR 144A 11/26 10.5

Bond

92240MBJ6

800,000

11/1/2026

10.5

804

0.6

CIMPRESS PLC COMPANY GUAR 06/26 7

Bond

17186HAG7

1,000,000

6/15/2026

7.0

804

0.6

SUNCOKE ENERGY INC SR SECURED 144A 06/29 4.875

Bond

86722AAD5

900,000

6/30/2029

4.9

777

0.6

ENSIGN DRILLING INC COMPANY GUAR 144A 04/24 9.25

Bond

29359NAA3

800,000

4/15/2024

9.3

772

0.6

MARRIOTT OWNERSHIP RESOR COMPANY GUAR 144A 06/29 4.5

Bond

57164PAH9

900,000

6/15/2029

4.5

757

0.5

PENSKE AUTOMOTIVE GROUP COMPANY GUAR 06/29 3.75

Bond

70959WAK9

900,000

6/15/2029

3.8

757

0.5

HILTON GRAND VAC BOR ESC COMPANY GUAR 144A 07/31 4.875

Bond

43284MAB4

900,000

7/1/2031

4.9

753

0.5

MURPHY OIL USA INC COMPANY GUAR 144A 02/31 3.75

Bond

626738AF5

900,000

2/15/2031

3.8

751

0.5

TRINSEO OP / TRINSEO FIN COMPANY GUAR 144A 09/25 5.375

Bond

89668QAE8

900,000

9/1/2025

5.4

717

0.5

MUELLER WATER PRODUCTS COMPANY GUAR 144A 06/29 4

Bond

624758AF5

800,000

6/15/2029

4.0

715

0.5

LIONS GATE CAPITAL HOLD COMPANY GUAR 144A 04/29 5.5

Bond

53627NAE1

1,100,000

4/15/2029

5.5

709

0.5

GLOBAL NET LEASE/GLOBAL COMPANY GUAR 144A 12/27 3.75

Bond

37892AAA8

900,000

12/15/2027

3.8

704

0.5

PRA GROUP INC COMPANY GUAR 144A 02/28 8.375

Bond

69354NAE6

700,000

2/1/2028

8.4

700

0.5

JAGUAR LAND ROVER AUTOMO COMPANY GUAR 144A 07/29 5.5

Bond

47010BAM6

900,000

7/15/2029

5.5

696

0.5

CHORD ENERGY CORP COMPANY GUAR 144A 06/26 6.375

Bond

674215AL2

700,000

6/1/2026

6.4

680

0.5

LIFE TIME INC SR SECURED 144A 01/26 5.75

Bond

53190FAA3

700,000

1/15/2026

5.8

676

0.5

HOLOGIC INC COMPANY GUAR 144A 02/28 4.625

Bond

436440AM3

700,000

2/1/2028

4.6

675

0.5

GRUBHUB HOLDINGS INC COMPANY GUAR 144A 07/27 5.5

Bond

40010PAA6

900,000

7/1/2027

5.5

675

0.5

USA COM PART/USA COM FIN COMPANY GUAR 09/27 6.875

Bond

91740PAF5

700,000

9/1/2027

6.9

666

0.5

KENNEDY WILSON INC COMPANY GUAR 03/31 5

Bond

489399AM7

900,000

3/1/2031

5.0

664

0.5

TUTOR PERINI CORP COMPANY GUAR 144A 05/25 6.875

Bond

901109AF5

900,000

5/1/2025

6.9

663

0.5

ENOVA INTERNATIONAL INC COMPANY GUAR 144A 09/25 8.5

Bond

29357KAF0

698,000

9/15/2025

8.5

657

0.5

G III APPAREL GROUP LTD SR SECURED 144A 08/25 7.875

Bond

36237HAA9

700,000

8/15/2025

7.9

655

0.5

ANTERO MIDSTREAM PART/FI COMPANY GUAR 144A 06/29 5.375

Bond

03690AAH9

700,000

6/15/2029

5.4

646

0.5

DELEK LOG PART/FINANCE COMPANY GUAR 144A 06/28 7.125

Bond

24665FAC6

700,000

6/1/2028

7.1

639

0.5

ENVIVA PARTNERS LP/FIN C COMPANY GUAR 144A 01/26 6.5

Bond

29413XAD9

700,000

1/15/2026

6.5

634

0.5

BWX TECHNOLOGIES INC COMPANY GUAR 144A 06/28 4.125

Bond

05605HAB6

700,000

6/30/2028

4.1

626

0.5

BWX TECHNOLOGIES INC COMPANY GUAR 144A 04/29 4.125

Bond

05605HAC4

700,000

4/15/2029

4.1

624

0.5

BATH + BODY WORKS INC COMPANY GUAR 11/35 6.875

Bond

501797AL8

700,000

11/1/2035

6.9

624

0.5

IAMGOLD CORP COMPANY GUAR 144A 10/28 5.75

Bond

450913AF5

800,000

10/15/2028

5.8

618

0.4

ATKORE INC SR UNSECURED 144A 06/31 4.25

Bond

047649AA6

700,000

6/1/2031

4.3

609

0.4

AMC NETWORKS INC COMPANY GUAR 08/25 4.75

Bond

00164VAE3

700,000

8/1/2025

4.8

606

0.4

ENCOMPASS HEALTH CORP COMPANY GUAR 04/31 4.625

Bond

29261AAE0

700,000

4/1/2031

4.6

604

0.4

FRONTIER COMMUNICATIONS SECURED 144A 01/30 6

Bond

35908MAB6

800,000

1/15/2030

6.0

597

0.4

WEATHERFORD INTERNATIONA COMPANY GUAR 144A 04/30 8.625

Bond

947075AU1

600,000

4/30/2030

8.6

593

0.4

OPEN TEXT CORP COMPANY GUAR 144A 12/29 3.875

Bond

683715AD8

700,000

12/1/2029

3.9

593

0.4

CTR PARTNERSHIP/CARETRST COMPANY GUAR 144A 06/28 3.875

Bond

126458AE8

700,000

6/30/2028

3.9

592

0.4

ENPRO INDUSTRIES INC COMPANY GUAR 10/26 5.75

Bond

29355XAG2

600,000

10/15/2026

5.8

585

0.4

CSI COMPRESSCO LP/FINANC SR SECURED 144A 04/25 7.5

Bond

12652HAA6

600,000

4/1/2025

7.5

571

0.4

FOOT LOCKER INC SR UNSECURED 144A 10/29 4

Bond

344849AA2

700,000

10/1/2029

4.0

570

0.4

STARWOOD PROPERTY TRUST SR UNSECURED 144A 01/27 4.375

Bond

85571BAY1

695,000

1/15/2027

4.4

564

0.4

APOLLO CMMRL REAL EST FI SR SECURED 144A 06/29 4.625

Bond

03762UAD7

800,000

6/15/2029

4.6

563

0.4

UNISYS CORP SR SECURED 144A 11/27 6.875

Bond

909214BV9

900,000

11/1/2027

6.9

558

0.4

PITNEY BOWES INC COMPANY GUAR 144A 03/27 6.875

Bond

724479AP5

700,000

3/15/2027

6.9

549

0.4

MARRIOTT OWNERSHIP RESOR COMPANY GUAR 01/28 4.75

Bond

57164PAF3

600,000

1/15/2028

4.8

529

0.4

HOWMET AEROSPACE INC SR UNSECURED 01/29 3

Bond

443201AB4

600,000

1/15/2029

3.0

528

0.4

DELUXE CORP COMPANY GUAR 144A 06/29 8

Bond

248019AU5

700,000

6/1/2029

8.0

512

0.4

PRA GROUP INC COMPANY GUAR 144A 10/29 5

Bond

69354NAD8

600,000

10/1/2029

5.0

505

0.4

ABERCROMBIE + FITCH MANA SR SECURED 144A 07/25 8.75

Bond

003000AA4

500,000

7/15/2025

8.8

504

0.4

GANNETT HOLDINGS LLC SR SECURED 144A 11/26 6

Bond

36474GAA3

600,000

11/1/2026

6.0

503

0.4

PETROFAC LTD SR SECURED 144A 11/26 9.75

Bond

716473AE3

900,000

11/15/2026

9.8

498

0.4

VIASAT INC SR UNSECURED 144A 07/28 6.5

Bond

92552VAN0

700,000

7/15/2028

6.5

498

0.4

SEAGATE HDD CAYMAN COMPANY GUAR 01/25 4.75

Bond

81180WAL5

500,000

1/1/2025

4.8

485

0.3

TRINSEO OP / TRINSEO FIN COMPANY GUAR 144A 04/29 5.125

Bond

89668QAF5

800,000

4/1/2029

5.1

482

0.3

ALLISON TRANSMISSION INC SR UNSECURED 144A 06/29 5.875

Bond

019736AF4

500,000

6/1/2029

5.9

482

0.3

HAT HOLDINGS I LLC/HAT COMPANY GUAR 144A 04/25 6

Bond

418751AB9

500,000

4/15/2025

6.0

481

0.3

FMG RESOURCES AUG 2006 SR UNSECURED 144A 04/32 6.125

Bond

30251GBE6

500,000

4/15/2032

6.1

480

0.3

ENERSYS COMPANY GUAR 144A 12/27 4.375

Bond

29275YAC6

500,000

12/15/2027

4.4

463

0.3

PITNEY BOWES INC COMPANY GUAR 144A 03/29 7.25

Bond

724479AQ3

600,000

3/15/2029

7.3

449

0.3

COMMERCIAL METALS CO SR UNSECURED 01/30 4.125

Bond

201723AQ6

500,000

1/15/2030

4.1

442

0.3

ASBURY AUTOMOTIVE GROUP COMPANY GUAR 03/30 4.75

Bond

043436AV6

500,000

3/1/2030

4.8

433

0.3

TRINET GROUP INC COMPANY GUAR 144A 03/29 3.5

Bond

896288AA5

500,000

3/1/2029

3.5

430

0.3

XEROX CORPORATION SR UNSECURED 12/39 6.75

Bond

984121CB7

600,000

12/15/2039

6.8

428

0.3

COMMERCIAL METALS CO SR UNSECURED 02/31 3.875

Bond

201723AP8

500,000

2/15/2031

3.9

423

0.3

MPT OPER PARTNERSP/FINL COMPANY GUAR 10/27 5

Bond

55342UAH7

500,000

10/15/2027

5.0

405

0.3

COTY INC COMPANY GUAR 144A 04/26 6.5

Bond

222070AB0

400,000

4/15/2026

6.5

399

0.3

ALLIANCE RES OP/FINANCE COMPANY GUAR 144A 05/25 7.5

Bond

01879NAA3

400,000

5/1/2025

7.5

399

0.3

ACADEMY LTD SR SECURED 144A 11/27 6

Bond

00401YAA8

400,000

11/15/2027

6.0

392

0.3

OFFICE PPTY INCOME TRST SR UNSECURED 02/27 2.4

Bond

67623CAE9

600,000

2/1/2027

2.4

391

0.3

ACADIA HEALTHCARE CO INC COMPANY GUAR 144A 07/28 5.5

Bond

00404AAN9

400,000

7/1/2028

5.5

388

0.3

GO DADDY OPCO/FINCO COMPANY GUAR 144A 03/29 3.5

Bond

38016LAC9

450,000

3/1/2029

3.5

387

0.3

CARS.COM INC COMPANY GUAR 144A 11/28 6.375

Bond

14575EAA3

400,000

11/1/2028

6.4

374

0.3

MATIV HOLDINGS INC COMPANY GUAR 144A 10/26 6.875

Bond

808541AA4

400,000

10/1/2026

6.9

361

0.3

IRON MOUNTAIN INC COMPANY GUAR 144A 07/30 5.25

Bond

46284VAJ0

400,000

7/15/2030

5.3

358

0.3

ARCOSA INC COMPANY GUAR 144A 04/29 4.375

Bond

039653AA8

400,000

4/15/2029

4.4

357

0.3

WABASH NATIONAL CORP COMPANY GUAR 144A 10/28 4.5

Bond

929566AL1

400,000

10/15/2028

4.5

341

0.2

GYP HOLDINGS III CORP COMPANY GUAR 144A 05/29 4.625

Bond

36261NAA5

400,000

5/1/2029

4.6

338

0.2

DT MIDSTREAM INC COMPANY GUAR 144A 06/31 4.375

Bond

23345MAB3

400,000

6/15/2031

4.4

337

0.2

OFFICE PPTY INCOME TRST SR UNSECURED 06/26 2.65

Bond

67623CAD1

500,000

6/15/2026

2.6

336

0.2

HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 02/32 3.625

Bond

432833AN1

400,000

2/15/2032

3.6

334

0.2

GRAN TIERRA ENERGY INTL COMPANY GUAR 144A 02/25 6.25

Bond

38502HAA3

400,000

2/15/2025

6.3

325

0.2

ELDORADO GOLD CORP SR UNSECURED 144A 09/29 6.25

Bond

284902AF0

350,000

9/1/2029

6.3

321

0.2

MURPHY OIL CORP SR UNSECURED 12/42 6.125

Bond

626717AG7

400,000

12/1/2042

6.1

319

0.2

FORTRESS TRANS + INFRAST COMPANY GUAR 144A 08/27 9.75

Bond

34960PAC5

300,000

8/1/2027

9.8

309

0.2

PARK OHIO INDUSTRIES INC COMPANY GUAR 04/27 6.625

Bond

700677AR8

400,000

4/15/2027

6.6

306

0.2

WARRIOR MET COAL INC SR SECURED 144A 12/28 7.875

Bond

93627CAB7

300,000

12/1/2028

7.9

298

0.2

BRIGHTSPHERE INVESTMENT SR UNSECURED 07/26 4.8

Bond

10948WAA1

300,000

7/27/2026

4.8

275

0.2

TURNING POINT BRANDS INC SR SECURED 144A 02/26 5.625

Bond

90041LAF2

300,000

2/15/2026

5.6

271

0.2

LAMB WESTON HLD COMPANY GUAR 144A 01/32 4.375

Bond

513272AE4

300,000

1/31/2032

4.4

271

0.2

KBR INC COMPANY GUAR 144A 09/28 4.75

Bond

48242WAC0

300,000

9/30/2028

4.8

269

0.2

LOUISIANA PACIFIC CORP SR UNSECURED 144A 03/29 3.625

Bond

546347AM7

300,000

3/15/2029

3.6

258

0.2

ENSTAR FINANCE LLC COMPANY GUAR 09/40 VAR

Bond

29360AAA8

300,000

9/1/2040

5.8

257

0.2

XEROX CORPORATION SR UNSECURED 03/35 4.8

Bond

984121CL5

400,000

3/1/2035

4.8

255

0.2

DAVITA INC COMPANY GUAR 144A 06/30 4.625

Bond

23918KAS7

300,000

6/1/2030

4.6

252

0.2

ARROW BIDCO LLC SR SECURED 144A 03/24 9.5

Bond

042728AA3

250,000

3/15/2024

9.5

251

0.2

VISTA OUTDOOR INC COMPANY GUAR 144A 03/29 4.5

Bond

928377AC4

300,000

3/15/2029

4.5

235

0.2

ENSTAR FINANCE LLC COMPANY GUAR 01/42 VAR

Bond

29360AAB6

300,000

1/15/2042

5.5

216

0.2

WESCO DISTRIBUTION INC COMPANY GUAR 144A 06/28 7.25

Bond

95081QAP9

200,000

6/15/2028

7.3

205

0.1

ASHLAND LLC COMPANY GUAR 05/43 6.875

Bond

044209AM6

200,000

5/15/2043

6.9

201

0.1

KOPPERS INC COMPANY GUAR 144A 02/25 6

Bond

500605AH3

200,000

2/15/2025

6.0

200

0.1

PERRIGO FINANCE UNLIMITD COMPANY GUAR 12/24 3.9

Bond

714295AC6

200,000

12/15/2024

3.9

192

0.1

INTESA SANPAOLO SPA SUBORDINATED 144A 06/24 5.017

Bond

46115HAT4

200,000

6/26/2024

5.0

191

0.1

NGL ENRGY OP/FIN CORP SR SECURED 144A 02/26 7.5

Bond

62922LAA6

200,000

2/1/2026

7.5

190

0.1

ALLISON TRANSMISSION INC SR UNSECURED 144A 10/27 4.75

Bond

019736AE7

200,000

10/1/2027

4.8

188

0.1

STARWOOD PROPERTY TRUST SR UNSECURED 03/25 4.75

Bond

85571BAL9

200,000

3/15/2025

4.8

187

0.1

MOOG INC COMPANY GUAR 144A 12/27 4.25

Bond

615394AM5

200,000

12/15/2027

4.3

185

0.1

PG+E CORP SR SECURED 07/30 5.25

Bond

69331CAJ7

200,000

7/1/2030

5.3

183

0.1

UNICREDIT SPA SUBORDINATED 144A 04/34 VAR

Bond

904678AQ2

200,000

4/2/2034

7.3

182

0.1

VM CONSOLIDATED INC COMPANY GUAR 144A 04/29 5.5

Bond

91835HAA0

200,000

4/15/2029

5.5

176

0.1

IRON MOUNTAIN INFO MGMT COMPANY GUAR 144A 07/32 5

Bond

46285MAA8

200,000

7/15/2032

5.0

170

0.1

ARKO CORP COMPANY GUAR 144A 11/29 5.125

Bond

041242AA6

200,000

11/15/2029

5.1

166

0.1

OPEN TEXT HOLDINGS INC COMPANY GUAR 144A 12/31 4.125

Bond

683720AC0

200,000

12/1/2031

4.1

165

0.1

KENNEDY WILSON INC COMPANY GUAR 02/30 4.75

Bond

489399AN5

200,000

2/1/2030

4.8

147

0.1

PERRIGO FINANCE UNLIMITD COMPANY GUAR 12/44 4.9

Bond

714295AA0

200,000

12/15/2044

4.9

140

0.1

SEAGATE HDD CAYMAN COMPANY GUAR 01/31 4.125

Bond

81180WBD2

145,000

1/15/2031

4.1

121

0.1

DISH DBS CORP COMPANY GUAR 07/28 7.375

Bond

25470XBB0

200,000

7/1/2028

7.4

110

0.1

HOWMET AEROSPACE INC SR UNSECURED 01/28 6.75

Bond

022249AU0

100,000

1/15/2028

6.8

103

0.1

BAYTEX ENERGY CORP SR UNSECURED 144A 04/27 8.75

Bond

07317QAH8

100,000

4/1/2027

8.8

101

0.1

NMI HOLDINGS SR SECURED 144A 06/25 7.375

Bond

629209AA5

100,000

6/1/2025

7.4

100

0.1

CPI CG INC SR SECURED 144A 03/26 8.625

Bond

12598FAA7

100,000

3/15/2026

8.6

0.1

ICAHN ENTERPRISES/FIN COMPANY GUAR 09/24 4.75

Bond

451102BW6

100,000

9/15/2024

4.8

0.1

CLEAN HARBORS INC COMPANY GUAR 144A 07/27 4.875

Bond

184496AN7

100,000

7/15/2027

4.9

0.1

MATTHEWS INTERNATIONAL C COMPANY GUAR 144A 12/25 5.25

Bond

577128AA9

100,000

12/1/2025

5.3

0.1

YUM BRANDS INC SR UNSECURED 144A 01/30 4.75

Bond

988498AL5

100,000

1/15/2030

4.8

0.1

BRUNDAGE BONE CONCRETE SECURED 144A 02/26 6

Bond

66981QAA4

100,000

2/1/2026

6.0

0.1

PG+E CORP SR SECURED 07/28 5

Bond

69331CAH1

100,000

7/1/2028

5.0

0.1

ROYAL CARIBBEAN CRUISES SR UNSECURED 10/27 7.5

Bond

780153AG7

100,000

10/15/2027

7.5

0.1

NEW FORTRESS ENERGY INC SR SECURED 144A 09/26 6.5

Bond

644393AB6

100,000

9/30/2026

6.5

0.1

BAUSCH HEALTH COS INC SR SECURED 144A 09/28 11

Bond

071734AQ0

100,000

9/30/2028

11.0

0.1

MACY S RETAIL HLDGS LLC COMPANY GUAR 01/42 5.125

Bond

55616XAG2

100,000

1/15/2042

5.1

0.0

EURO CURRENCY

Cash (N/A for Lot Level Data)

513.24

0.0

Total

134,164

96.6

Cash and Other Assets Less Liabilities

3.4

Total Net Assets

100%

Sector Allocation

As of 3/29/2023

Scientific Alpha High-Yield ETF (SIHY)

ICE BofA US High Yield Index (H0A0)

REITs

SIHY: 6.7%

Benchmark: 3.4%

Specialty Retail

SIHY: 6.6%

Benchmark: 2.9%

Oil Field Equipment & Services

SIHY: 4.9%

Benchmark: 1.4%

Aerospace/Defense

SIHY: 4.8%

Benchmark: 2.7%

Recreation & Travel

SIHY: 4.3%

Benchmark: 3.4%

Support-Services

SIHY: 4.1%

Benchmark: 5.9%

Software/Services

SIHY: 4.1%

Benchmark: 2.2%

Gas Distribution

SIHY: 3.8%

Benchmark: 4.6%

Hotels

SIHY: 3.1%

Benchmark: 1.1%

Chemicals

SIHY: 2.9%

Benchmark: 2.4%

Investments & Misc Financial Services

SIHY: 2.8%

Benchmark: 1.5%

Media Content

SIHY: 2.8%

Benchmark: 2.6%

Personal & Household Products

SIHY: 2.6%

Benchmark: 1.7%

Restaurants

SIHY: 2.4%

Benchmark: 1.2%

Banking

SIHY: 2.3%

Benchmark: 0.8%

Pharmaceuticals

SIHY: 2.2%

Benchmark: 1.8%

Food - Wholesale

SIHY: 2.2%

Benchmark: 1.8%

Metals/Mining Excluding Steel

SIHY: 2.1%

Benchmark: 1.5%

Gaming

SIHY: 2.0%

Benchmark: 3.3%

Machinery

SIHY: 2.0%

Benchmark: 1.1%

Oil Refining & Marketing

SIHY: 2.0%

Benchmark: 1.1%

Tobacco

SIHY: 1.9%

Benchmark: 0.2%

Cons/Comm/Lease Financing

SIHY: 1.8%

Benchmark: 3.1%

Tech Hardware & Equipment

SIHY: 1.8%

Benchmark: 1.8%

Medical Products

SIHY: 1.6%

Benchmark: 1.1%

Telecom - Wireline Integrated & Services

SIHY: 1.4%

Benchmark: 4.1%

Printing & Publishing

SIHY: 1.3%

Benchmark: 0.4%

Auto Parts & Equipment

SIHY: 1.3%

Benchmark: 1.2%

RealEstate Dev & Mgt

SIHY: 1.3%

Benchmark: 0.7%

Food & Drug Retailers

SIHY: 1.3%

Benchmark: 0.9%

Diversified Capital Goods

SIHY: 1.2%

Benchmark: 0.4%

Theaters & Entertainment

SIHY: 1.2%

Benchmark: 0.5%

Health Services

SIHY: 1.1%

Benchmark: 1.7%

Air Transportation

SIHY: 1.1%

Benchmark: 2.0%

Automakers

SIHY: 1.1%

Benchmark: 1.2%

Energy - Exploration & Production

SIHY: 1.0%

Benchmark: 5.0%

Cable & Satellite TV

SIHY: 1.0%

Benchmark: 4.4%

Managed Care

SIHY: 0.9%

Benchmark: 0.3%

Auto Loans

SIHY: 0.7%

Benchmark: 2.2%

Forestry/Paper

SIHY: 0.7%

Benchmark: 0.4%

Health Facilities

SIHY: 0.7%

Benchmark: 2.7%

Steel Producers/Products

SIHY: 0.6%

Benchmark: 0.5%

Building & Construction

SIHY: 0.6%

Benchmark: 1.6%

Telecom - Satellite

SIHY: 0.4%

Benchmark: 0.7%

Reinsurance

SIHY: 0.3%

Benchmark: 0.1%

Advertising

SIHY: 0.3%

Benchmark: 1.1%

Electric-Integrated

SIHY: 0.2%

Benchmark: 0.7%

Building Materials

SIHY: 0.2%

Benchmark: 1.5%

Monoline Insurance

SIHY: 0.1%

Benchmark: 0.1%

Environmental

SIHY: 0.1%

Benchmark: 0.7%

Department Stores

SIHY: 0.0%

Benchmark: 0.5%

Beverage

SIHY: 0.0%

Benchmark: 0.1%

Brokerage

SIHY: 0.0%

Benchmark: 0.3%

Derivatives

SIHY: 0.0%

Benchmark: NaN%

Discount Stores

SIHY: 0.0%

Benchmark: 0.0%

Electric-Distr/Trans

SIHY: 0.0%

Benchmark: 0.1%

Electric-Generation

SIHY: 0.0%

Benchmark: 1.8%

Electronics

SIHY: 0.0%

Benchmark: 1.1%

Insurance Brokerage

SIHY: 0.0%

Benchmark: 1.2%

Life Insurance

SIHY: 0.0%

Benchmark: 0.1%

Media - Diversified

SIHY: 0.0%

Benchmark: 0.3%

Multi-Line Insurance

SIHY: 0.0%

Benchmark: 0.1%

Non-Electric Utilities

SIHY: 0.0%

Benchmark: 0.4%

Packaging

SIHY: 0.0%

Benchmark: 2.6%

P&C

SIHY: 0.0%

Benchmark: 0.1%

Rail

SIHY: 0.0%

Benchmark: 0.0%

Telecom - Wireless

SIHY: 0.0%

Benchmark: 1.4%

Transport Infrastructure/Services

SIHY: 0.0%

Benchmark: 0.2%

Trucking & Delivery

SIHY: 0.0%

Benchmark: 0.0%

SIHY: Scientific Alpha High-Yield ETF

Benchmark: ICE BofA US High Yield Index (H0A0)

Maturity Profile

As of 3/29/2023

Maturity

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr

0.2

0.4

1-3 yr

19.4

3-5 yr

23.7

30.9

5-7 yr

36.2

31.8

7-10 yr

15.8

13.7

10-20 yr

2.8

2.3

20-30 yr

0.3

1.1

Over 30 yr

0.0

Duration

As of 3/29/2023

Duration

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr

1.5

1-3 yr

29.2

27.1

3-5 yr

31.6

42.6

5-7 yr

31.7

23.9

7-10 yr

3.8

2.6

10-20 yr

0.5

1.5

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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