Harbor Scientific Alpha High-Yield ETF (SIHY)
Taking a scientific approach to active high-yield investing
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Overview
Investment Team
Current Price
As of 5/26/2023
As of 5/26/2023
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 High-Yield ETF
3.35%
3.35%
-0.81%
-3.12%
0.48%
0.48%
Fund Market Price
3.64%
3.64%
-0.51%
-2.97%
--
--
ICE BofA US High Yield Index (H0A0)
3.72%
3.72%
-3.56%
-5.06%
--
--
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.
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
5/1/2023
5/2/2023
5/4/2023
0.26127
--
--
0.26127
4/3/2023
4/4/2023
4/6/2023
0.34874
--
--
0.34874
3/1/2023
3/2/2023
3/6/2023
0.05143
--
--
0.05143
2/1/2023
2/2/2023
2/6/2023
0.26359
--
--
0.26359
12/21/2022
12/22/2022
12/27/2022
0.32126
--
--
0.32126
12/1/2022
12/2/2022
12/6/2022
0.26145
--
--
0.26145
11/1/2022
11/2/2022
11/4/2022
0.23527
--
--
0.23527
10/3/2022
10/4/2022
10/6/2022
0.24301
--
--
0.24301
9/1/2022
9/2/2022
9/7/2022
0.22966
--
--
0.22966
8/1/2022
8/2/2022
8/4/2022
0.23152
--
--
0.23152
7/1/2022
7/5/2022
7/7/2022
0.21357
--
--
0.21357
6/1/2022
6/2/2022
6/6/2022
0.21666
--
--
0.21666
5/2/2022
5/3/2022
5/5/2022
0.20488
--
--
0.20488
4/1/2022
4/4/2022
4/6/2022
0.21280
--
--
0.21280
3/1/2022
3/2/2022
3/4/2022
0.16586
--
--
0.16586
2/1/2022
2/2/2022
2/4/2022
0.17639
--
--
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
--
--
0.18745
11/1/2021
11/2/2021
11/4/2021
0.24998
--
--
0.24998
Holdings
Full Holdings
As of 5/25/2023
Company Name
Category Name
Cusip
Shares
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625
Bond
780153BL5
1,600,000
8/15/2027
11.6
1,725
1.5
LAMB WESTON HLD COMPANY GUAR 144A 01/30 4.125
Bond
513272AD6
1,900,000
1/31/2030
4.1
1,698
1.4
JAZZ SECURITIES DAC SR SECURED 144A 01/29 4.375
Bond
47216FAA5
1,900,000
1/15/2029
4.4
1,690
1.4
UNICREDIT SPA SUBORDINATED 144A 06/35 VAR
Bond
904678AS8
2,000,000
6/30/2035
5.5
1,675
1.4
HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 05/31 4
Bond
432833AL5
1,900,000
5/1/2031
4.0
1,635
1.4
COTY INC SR SECURED 144A 04/26 5
Bond
222070AE4
1,700,000
4/15/2026
5.0
1,634
1.4
RAKUTEN GROUP INC SR UNSECURED 144A 11/24 10.25
Bond
75102WAD0
1,600,000
11/30/2024
10.3
1,621
1.4
LIVE NATION ENTERTAINMEN SR SECURED 144A 05/27 6.5
Bond
538034AV1
1,600,000
5/15/2027
6.5
1,598
1.4
NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75
Bond
644393AA8
1,700,000
9/15/2025
6.8
1,565
1.3
HOLOGIC INC COMPANY GUAR 144A 02/29 3.25
Bond
436440AP6
1,800,000
2/15/2029
3.3
1,565
1.3
VECTOR GROUP LTD SR SECURED 144A 02/29 5.75
Bond
92240MBL1
1,700,000
2/1/2029
5.8
1,486
1.3
SIRIUS XM RADIO INC COMPANY GUAR 144A 09/31 3.875
Bond
82967NBM9
2,000,000
9/1/2031
3.9
1,474
1.2
OPEN TEXT HOLDINGS INC COMPANY GUAR 144A 02/30 4.125
Bond
683720AA4
1,700,000
2/15/2030
4.1
1,430
1.2
CARNIVAL CORP COMPANY GUAR 144A 03/26 7.625
Bond
143658BL5
1,500,000
3/1/2026
7.6
1,415
1.2
GARTNER INC COMPANY GUAR 144A 07/28 4.5
Bond
366651AC1
1,500,000
7/1/2028
4.5
1,397
1.2
FAIR ISAAC CORP SR UNSECURED 144A 06/28 4
Bond
303250AF1
1,500,000
6/15/2028
4.0
1,376
1.2
DAVITA INC COMPANY GUAR 144A 06/30 4.625
Bond
23918KAS7
1,600,000
6/1/2030
4.6
1,375
1.2
USA COM PART/USA COM FIN COMPANY GUAR 04/26 6.875
Bond
91740PAC2
1,400,000
4/1/2026
6.9
1,336
1.1
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5
Bond
00253XAA9
1,300,000
4/20/2026
5.5
1,274
1.1
TEMPUR SEALY INTL INC COMPANY GUAR 144A 04/29 4
Bond
88023UAH4
1,500,000
4/15/2029
4.0
1,266
1.1
SERVICE PROPERTIES TRUST COMPANY GUAR 09/25 7.5
Bond
81761LAA0
1,300,000
9/15/2025
7.5
1,259
1.1
FRONTIER COMMUNICATIONS SECURED 144A 05/29 6.75
Bond
35906ABG2
1,700,000
5/1/2029
6.8
1,257
1.1
TRANSDIGM INC COMPANY GUAR 05/29 4.875
Bond
893647BQ9
1,400,000
5/1/2029
4.9
1,240
1.0
XEROX HOLDINGS CORP COMPANY GUAR 144A 08/28 5.5
Bond
98421MAB2
1,450,000
8/15/2028
5.5
1,237
1.0
HOWMET AEROSPACE INC SR UNSECURED 02/37 5.95
Bond
013817AK7
1,200,000
2/1/2037
6.0
1,209
1.0
MOLINA HEALTHCARE INC SR UNSECURED 144A 05/32 3.875
Bond
60855RAL4
1,400,000
5/15/2032
3.9
1,163
1.0
FORTRESS TRANS + INFRAST COMPANY GUAR 144A 05/28 5.5
Bond
34960PAD3
1,300,000
5/1/2028
5.5
1,161
1.0
TRANSOCEAN INC COMPANY GUAR 144A 01/27 11.5
Bond
893830BQ1
1,100,000
1/30/2027
11.5
1,127
1.0
DT MIDSTREAM INC COMPANY GUAR 144A 06/29 4.125
Bond
23345MAA5
1,300,000
6/15/2029
4.1
1,125
1.0
SERVICE CORP INTL SR UNSECURED 05/31 4
Bond
817565CG7
1,300,000
5/15/2031
4.0
1,105
0.9
PG+E CORP SR SECURED 07/30 5.25
Bond
69331CAJ7
1,200,000
7/1/2030
5.3
1,074
0.9
TRANSDIGM INC COMPANY GUAR 01/29 4.625
Bond
893647BP1
1,200,000
1/15/2029
4.6
1,056
0.9
1011778 BC / NEW RED FIN SR SECURED 144A 02/29 3.5
Bond
68245XAP4
1,200,000
2/15/2029
3.5
1,055
0.9
INTESA SANPAOLO SPA SUBORDINATED 144A 06/32 VAR
Bond
46115HBQ9
1,400,000
6/1/2032
4.2
1,029
0.9
HERBALIFE/HLF FINANCING COMPANY GUAR 144A 09/25 7.875
Bond
42704MAA0
1,100,000
9/1/2025
7.9
1,026
0.9
TRANSOCEAN INC COMPANY GUAR 144A 01/26 7.5
Bond
893830BF5
1,100,000
1/15/2026
7.5
1,009
0.9
OFFICE PPTY INCOME TRST SR UNSECURED 02/25 4.5
Bond
81618TAC4
1,200,000
2/1/2025
4.5
992
0.8
AMC NETWORKS INC COMPANY GUAR 02/29 4.25
Bond
00164VAF0
1,700,000
2/15/2029
4.3
988
0.8
BOYD GAMING CORP COMPANY GUAR 144A 06/31 4.75
Bond
103304BV2
1,100,000
6/15/2031
4.8
977
0.8
BATH + BODY WORKS INC COMPANY GUAR 07/36 6.75
Bond
501797AM6
1,100,000
7/1/2036
6.8
977
0.8
RAIN CII CARBON LLC/CII SECURED 144A 04/25 7.25
Bond
75079RAC2
1,000,000
4/1/2025
7.3
974
0.8
ICAHN ENTERPRISES/FIN COMPANY GUAR 05/27 5.25
Bond
451102BZ9
1,200,000
5/15/2027
5.3
959
0.8
GAP INC/THE COMPANY GUAR 144A 10/29 3.625
Bond
364760AP3
1,400,000
10/1/2029
3.6
938
0.8
CDI ESCROW ISSUER INC SR UNSECURED 144A 04/30 5.75
Bond
12511VAA6
1,000,000
4/1/2030
5.8
938
0.8
HOWARD HUGHES CORP COMPANY GUAR 144A 02/31 4.375
Bond
44267DAF4
1,200,000
2/1/2031
4.4
930
0.8
ANTERO MIDSTREAM PART/FI COMPANY GUAR 144A 06/29 5.375
Bond
03690AAH9
1,000,000
6/15/2029
5.4
914
0.8
RITHM CAPITAL CORP SR UNSECURED 144A 10/25 6.25
Bond
64828TAA0
1,000,000
10/15/2025
6.3
910
0.8
JAGUAR LAND ROVER AUTOMO SR UNSECURED 144A 01/28 5.875
Bond
47010BAK0
1,000,000
1/15/2028
5.9
890
0.8
NCL CORPORATION LTD COMPANY GUAR 144A 03/26 5.875
Bond
62886HBA8
1,000,000
3/15/2026
5.9
888
0.8
LIFE TIME INC COMPANY GUAR 144A 04/26 8
Bond
53190FAC9
900,000
4/15/2026
8.0
884
0.7
GARTNER INC COMPANY GUAR 144A 06/29 3.625
Bond
366651AG2
1,000,000
6/15/2029
3.6
879
0.7
CHEMOURS CO COMPANY GUAR 144A 11/28 5.75
Bond
163851AF5
1,000,000
11/15/2028
5.8
878
0.7
KFC HLD/PIZZA HUT/TACO COMPANY GUAR 144A 06/27 4.75
Bond
48250NAC9
900,000
6/1/2027
4.8
869
0.7
PTC INC COMPANY GUAR 144A 02/25 3.625
Bond
69370CAB6
900,000
2/15/2025
3.6
864
0.7
TRIUMPH GROUP INC COMPANY GUAR 08/25 7.75
Bond
896818AP6
900,000
8/15/2025
7.8
859
0.7
CIMPRESS PLC COMPANY GUAR 06/26 7
Bond
17186HAG7
1,000,000
6/15/2026
7.0
858
0.7
LAS VEGAS SANDS CORP SR UNSECURED 06/25 2.9
Bond
517834AH0
900,000
6/25/2025
2.9
841
0.7
FORD MOTOR CREDIT CO LLC SR UNSECURED 02/25 2.3
Bond
345397B85
900,000
2/10/2025
2.3
836
0.7
MURPHY OIL USA INC COMPANY GUAR 09/29 4.75
Bond
626738AE8
900,000
9/15/2029
4.8
827
0.7
VECTOR GROUP LTD COMPANY GUAR 144A 11/26 10.5
Bond
92240MBJ6
800,000
11/1/2026
10.5
799
0.7
WILLIAMS SCOTSMAN INTL SR SECURED 144A 06/25 6.125
Bond
71953LAA9
800,000
6/15/2025
6.1
798
0.7
BAUSCH HEALTH COS INC SR SECURED 144A 06/28 4.875
Bond
071734AN7
1,300,000
6/1/2028
4.9
788
0.7
PENSKE AUTOMOTIVE GROUP COMPANY GUAR 06/29 3.75
Bond
70959WAK9
900,000
6/15/2029
3.8
772
0.7
JAGUAR LAND ROVER AUTOMO COMPANY GUAR 144A 07/29 5.5
Bond
47010BAM6
900,000
7/15/2029
5.5
766
0.6
MARRIOTT OWNERSHIP RESOR COMPANY GUAR 144A 06/29 4.5
Bond
57164PAH9
900,000
6/15/2029
4.5
759
0.6
MURPHY OIL USA INC COMPANY GUAR 144A 02/31 3.75
Bond
626738AF5
900,000
2/15/2031
3.8
757
0.6
HILTON GRAND VAC BOR ESC COMPANY GUAR 144A 07/31 4.875
Bond
43284MAB4
900,000
7/1/2031
4.9
754
0.6
ALLISON TRANSMISSION INC COMPANY GUAR 144A 01/31 3.75
Bond
019736AG2
900,000
1/30/2031
3.8
752
0.6
MUELLER WATER PRODUCTS COMPANY GUAR 144A 06/29 4
Bond
624758AF5
800,000
6/15/2029
4.0
717
0.6
PROG HOLDINGS INC COMPANY GUAR 144A 11/29 6
Bond
74319RAA9
800,000
11/15/2029
6.0
708
0.6
TRINSEO OP / TRINSEO FIN COMPANY GUAR 144A 09/25 5.375
Bond
89668QAE8
900,000
9/1/2025
5.4
702
0.6
CHORD ENERGY CORP COMPANY GUAR 144A 06/26 6.375
Bond
674215AL2
700,000
6/1/2026
6.4
691
0.6
UNISYS CORP SR SECURED 144A 11/27 6.875
Bond
909214BV9
900,000
11/1/2027
6.9
683
0.6
LADDER CAP FIN LLLP/CORP COMPANY GUAR 144A 02/27 4.25
Bond
505742AM8
800,000
2/1/2027
4.3
678
0.6
KENNEDY WILSON INC COMPANY GUAR 03/31 5
Bond
489399AM7
900,000
3/1/2031
5.0
675
0.6
ENOVA INTERNATIONAL INC COMPANY GUAR 144A 09/25 8.5
Bond
29357KAF0
698,000
9/15/2025
8.5
673
0.6
HOLOGIC INC COMPANY GUAR 144A 02/28 4.625
Bond
436440AM3
700,000
2/1/2028
4.6
664
0.6
G III APPAREL GROUP LTD SR SECURED 144A 08/25 7.875
Bond
36237HAA9
700,000
8/15/2025
7.9
657
0.6
USA COM PART/USA COM FIN COMPANY GUAR 09/27 6.875
Bond
91740PAF5
700,000
9/1/2027
6.9
653
0.6
GLOBAL NET LEASE/GLOBAL COMPANY GUAR 144A 12/27 3.75
Bond
37892AAA8
900,000
12/15/2027
3.8
651
0.6
DELEK LOG PART/FINANCE COMPANY GUAR 144A 06/28 7.125
Bond
24665FAC6
700,000
6/1/2028
7.1
643
0.5
BWX TECHNOLOGIES INC COMPANY GUAR 144A 06/28 4.125
Bond
05605HAB6
700,000
6/30/2028
4.1
634
0.5
BWX TECHNOLOGIES INC COMPANY GUAR 144A 04/29 4.125
Bond
05605HAC4
700,000
4/15/2029
4.1
624
0.5
LIONS GATE CAPITAL HOLD COMPANY GUAR 144A 04/29 5.5
Bond
53627NAE1
900,000
4/15/2029
5.5
624
0.5
SUNOCO LP/FINANCE CORP COMPANY GUAR 05/29 4.5
Bond
86765LAT4
700,000
5/15/2029
4.5
623
0.5
IAMGOLD CORP COMPANY GUAR 144A 10/28 5.75
Bond
450913AF5
800,000
10/15/2028
5.8
617
0.5
APOLLO CMMRL REAL EST FI SR SECURED 144A 06/29 4.625
Bond
03762UAD7
800,000
6/15/2029
4.6
612
0.5
CTR PARTNERSHIP/CARETRST COMPANY GUAR 144A 06/28 3.875
Bond
126458AE8
700,000
6/30/2028
3.9
608
0.5
GRUBHUB HOLDINGS INC COMPANY GUAR 144A 07/27 5.5
Bond
40010PAA6
900,000
7/1/2027
5.5
608
0.5
DELUXE CORP COMPANY GUAR 144A 06/29 8
Bond
248019AU5
800,000
6/1/2029
8.0
607
0.5
ENCOMPASS HEALTH CORP COMPANY GUAR 04/31 4.625
Bond
29261AAE0
700,000
4/1/2031
4.6
606
0.5
WEATHERFORD INTERNATIONA COMPANY GUAR 144A 04/30 8.625
Bond
947075AU1
600,000
4/30/2030
8.6
603
0.5
ATKORE INC SR UNSECURED 144A 06/31 4.25
Bond
047649AA6
700,000
6/1/2031
4.3
603
0.5
BUILDERS FIRSTSOURCE INC COMPANY GUAR 144A 02/32 4.25
Bond
12008RAP2
700,000
2/1/2032
4.3
598
0.5
DRAX FINCO PLC SR SECURED 144A 11/25 6.625
Bond
26151AAA7
600,000
11/1/2025
6.6
588
0.5
ELDORADO GOLD CORP SR UNSECURED 144A 09/29 6.25
Bond
284902AF0
650,000
9/1/2029
6.3
586
0.5
OPEN TEXT CORP COMPANY GUAR 144A 12/29 3.875
Bond
683715AD8
700,000
12/1/2029
3.9
581
0.5
STARWOOD PROPERTY TRUST SR UNSECURED 144A 01/27 4.375
Bond
85571BAY1
695,000
1/15/2027
4.4
578
0.5
VIASAT INC SR UNSECURED 144A 07/28 6.5
Bond
92552VAN0
700,000
7/15/2028
6.5
569
0.5
GRAFTECH FINANCE INC SR SECURED 144A 12/28 4.625
Bond
384311AA4
700,000
12/15/2028
4.6
562
0.5
FRONTIER COMMUNICATIONS SECURED 144A 01/30 6
Bond
35908MAB6
800,000
1/15/2030
6.0
562
0.5
TASEKO MINES LTD SR SECURED 144A 02/26 7
Bond
876511AF3
600,000
2/15/2026
7.0
540
0.5
MARRIOTT OWNERSHIP RESOR COMPANY GUAR 01/28 4.75
Bond
57164PAF3
600,000
1/15/2028
4.8
535
0.5
PITNEY BOWES INC COMPANY GUAR 144A 03/27 6.875
Bond
724479AP5
700,000
3/15/2027
6.9
519
0.4
WABASH NATIONAL CORP COMPANY GUAR 144A 10/28 4.5
Bond
929566AL1
600,000
10/15/2028
4.5
518
0.4
ABERCROMBIE + FITCH MANA SR SECURED 144A 07/25 8.75
Bond
003000AA4
500,000
7/15/2025
8.8
504
0.4
GFL ENVIRONMENTAL INC SR SECURED 144A 06/25 4.25
Bond
36168QAJ3
500,000
6/1/2025
4.3
482
0.4
ALLISON TRANSMISSION INC SR UNSECURED 144A 06/29 5.875
Bond
019736AF4
500,000
6/1/2029
5.9
481
0.4
GFL ENVIRONMENTAL INC SR SECURED 144A 08/25 3.75
Bond
36168QAK0
500,000
8/1/2025
3.8
475
0.4
FMG RESOURCES AUG 2006 SR UNSECURED 144A 04/32 6.125
Bond
30251GBE6
500,000
4/15/2032
6.1
474
0.4
HOLLY NRG PRTNR/FIN CORP COMPANY GUAR 144A 02/28 5
Bond
435765AH5
500,000
2/1/2028
5.0
463
0.4
COMMERCIAL METALS CO SR UNSECURED 01/30 4.125
Bond
201723AQ6
500,000
1/15/2030
4.1
442
0.4
XEROX CORPORATION SR UNSECURED 12/39 6.75
Bond
984121CB7
600,000
12/15/2039
6.8
436
0.4
TRINET GROUP INC COMPANY GUAR 144A 03/29 3.5
Bond
896288AA5
500,000
3/1/2029
3.5
431
0.4
COMMERCIAL METALS CO SR UNSECURED 02/31 3.875
Bond
201723AP8
500,000
2/15/2031
3.9
424
0.4
PITNEY BOWES INC COMPANY GUAR 144A 03/29 7.25
Bond
724479AQ3
600,000
3/15/2029
7.3
407
0.3
NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 03/28 2.75
Bond
654740BT5
500,000
3/9/2028
2.8
407
0.3
ALLIANCE RES OP/FINANCE COMPANY GUAR 144A 05/25 7.5
Bond
01879NAA3
400,000
5/1/2025
7.5
400
0.3
CPI CG INC SR SECURED 144A 03/26 8.625
Bond
12598FAA7
400,000
3/15/2026
8.6
393
0.3
DISH DBS CORP COMPANY GUAR 07/26 7.75
Bond
25470XAY1
700,000
7/1/2026
7.8
390
0.3
ACADEMY LTD SR SECURED 144A 11/27 6
Bond
00401YAA8
400,000
11/15/2027
6.0
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
ACADIA HEALTHCARE CO INC COMPANY GUAR 144A 07/28 5.5
Bond
00404AAN9
400,000
7/1/2028
5.5
378
0.3
TUTOR PERINI CORP COMPANY GUAR 144A 05/25 6.875
Bond
901109AF5
500,000
5/1/2025
6.9
376
0.3
WW INTERNATIONAL INC SR SECURED 144A 04/29 4.5
Bond
98262PAA9
600,000
4/15/2029
4.5
368
0.3
CARS.COM INC COMPANY GUAR 144A 11/28 6.375
Bond
14575EAA3
400,000
11/1/2028
6.4
367
0.3
1011778 BC / NEW RED FIN SR SECURED 144A 01/28 3.875
Bond
68245XAH2
400,000
1/15/2028
3.9
366
0.3
ARCOSA INC COMPANY GUAR 144A 04/29 4.375
Bond
039653AA8
400,000
4/15/2029
4.4
363
0.3
GRAN TIERRA ENERGY INTL COMPANY GUAR 144A 02/25 6.25
Bond
38502HAA3
400,000
2/15/2025
6.3
336
0.3
SIRIUS XM RADIO INC COMPANY GUAR 144A 07/28 4
Bond
82967NBJ6
400,000
7/15/2028
4.0
332
0.3
PARK OHIO INDUSTRIES INC COMPANY GUAR 04/27 6.625
Bond
700677AR8
400,000
4/15/2027
6.6
331
0.3
HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 02/32 3.625
Bond
432833AN1
400,000
2/15/2032
3.6
330
0.3
VISTA OUTDOOR INC COMPANY GUAR 144A 03/29 4.5
Bond
928377AC4
400,000
3/15/2029
4.5
328
0.3
TURNING POINT BRANDS INC SR SECURED 144A 02/26 5.625
Bond
90041LAF2
342,000
2/15/2026
5.6
314
0.3
ENPRO INDUSTRIES INC COMPANY GUAR 10/26 5.75
Bond
29355XAG2
300,000
10/15/2026
5.8
293
0.2
HAT HOLDINGS I LLC/HAT COMPANY GUAR 144A 04/25 6
Bond
418751AB9
300,000
4/15/2025
6.0
290
0.2
CSI COMPRESSCO LP/FINANC SR SECURED 144A 04/25 7.5
Bond
12652HAA6
300,000
4/1/2025
7.5
287
0.2
BRIGHTSPHERE INVESTMENT SR UNSECURED 07/26 4.8
Bond
10948WAA1
300,000
7/27/2026
4.8
279
0.2
KBR INC COMPANY GUAR 144A 09/28 4.75
Bond
48242WAC0
300,000
9/30/2028
4.8
278
0.2
AMC NETWORKS INC COMPANY GUAR 08/25 4.75
Bond
00164VAE3
300,000
8/1/2025
4.8
268
0.2
LAMB WESTON HLD COMPANY GUAR 144A 01/32 4.375
Bond
513272AE4
300,000
1/31/2032
4.4
266
0.2
SUNOCO LP/FINANCE CORP COMPANY GUAR 04/30 4.5
Bond
86765LAZ0
300,000
4/30/2030
4.5
263
0.2
ENSTAR FINANCE LLC COMPANY GUAR 09/40 VAR
Bond
29360AAA8
300,000
9/1/2040
5.8
249
0.2
XEROX CORPORATION SR UNSECURED 03/35 4.8
Bond
984121CL5
400,000
3/1/2035
4.8
245
0.2
FOOT LOCKER INC SR UNSECURED 144A 10/29 4
Bond
344849AA2
300,000
10/1/2029
4.0
230
0.2
ENSTAR FINANCE LLC COMPANY GUAR 01/42 VAR
Bond
29360AAB6
300,000
1/15/2042
5.5
219
0.2
GAP INC/THE COMPANY GUAR 144A 10/31 3.875
Bond
364760AQ1
300,000
10/1/2031
3.9
196
0.2
INTESA SANPAOLO SPA SUBORDINATED 144A 06/24 5.017
Bond
46115HAT4
200,000
6/26/2024
5.0
195
0.2
PERRIGO FINANCE UNLIMITD COMPANY GUAR 12/24 3.9
Bond
714295AC6
200,000
12/15/2024
3.9
194
0.2
UNICREDIT SPA SUBORDINATED 144A 04/34 VAR
Bond
904678AQ2
200,000
4/2/2034
7.3
189
0.2
STARWOOD PROPERTY TRUST SR UNSECURED 03/25 4.75
Bond
85571BAL9
200,000
3/15/2025
4.8
186
0.2
VM CONSOLIDATED INC COMPANY GUAR 144A 04/29 5.5
Bond
91835HAA0
200,000
4/15/2029
5.5
183
0.2
OPEN TEXT HOLDINGS INC COMPANY GUAR 144A 12/31 4.125
Bond
683720AC0
200,000
12/1/2031
4.1
162
0.1
DAVITA INC COMPANY GUAR 144A 02/31 3.75
Bond
23918KAT5
200,000
2/15/2031
3.8
160
0.1
ARKO CORP COMPANY GUAR 144A 11/29 5.125
Bond
041242AA6
200,000
11/15/2029
5.1
157
0.1
PERRIGO FINANCE UNLIMITD COMPANY GUAR 12/44 4.9
Bond
714295AA0
200,000
12/15/2044
4.9
147
0.1
ROYAL CARIBBEAN CRUISES SR UNSECURED 10/27 7.5
Bond
780153AG7
100,000
10/15/2027
7.5
98
0.1
MATTHEWS INTERNATIONAL C COMPANY GUAR 144A 12/25 5.25
Bond
577128AA9
100,000
12/1/2025
5.3
95
0.1
BRUNDAGE BONE CONCRETE SECURED 144A 02/26 6
Bond
66981QAA4
100,000
2/1/2026
6.0
93
0.1
NEW FORTRESS ENERGY INC SR SECURED 144A 09/26 6.5
Bond
644393AB6
100,000
9/30/2026
6.5
89
0.1
OFFICE PPTY INCOME TRST SR UNSECURED 06/26 2.65
Bond
67623CAD1
100,000
6/15/2026
2.6
66
0.1
EURO CURRENCY
Cash (N/A for Lot Level Data)
--
695.7
--
0.0
1
0.0
ICAHN ENTERPRISES/FIN COMPANY GUAR 02/29 4.375
Bond
451102CC9
0
2/1/2029
4.4
0
0.0
Total
--
--
--
--
--
116,036
98.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
1.9
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
As of 5/26/2023
Scientific Alpha High-Yield ETF (SIHY)
ICE BofA US High Yield Index (H0A0)
Specialty Retail
SIHY: 6.0%
Benchmark: 2.9%
REITs
SIHY: 5.9%
Benchmark: 3.3%
Aerospace/Defense
SIHY: 5.0%
Benchmark: 2.6%
Software/Services
SIHY: 4.8%
Benchmark: 2.6%
Oil Field Equipment & Services
SIHY: 4.4%
Benchmark: 1.5%
Recreation & Travel
SIHY: 4.3%
Benchmark: 3.5%
Support-Services
SIHY: 4.2%
Benchmark: 5.8%
Gas Distribution
SIHY: 3.6%
Benchmark: 4.2%
Hotels
SIHY: 3.4%
Benchmark: 0.9%
Media Content
SIHY: 3.2%
Benchmark: 2.5%
Personal & Household Products
SIHY: 2.7%
Benchmark: 1.7%
Banking
SIHY: 2.7%
Benchmark: 0.9%
Food - Wholesale
SIHY: 2.6%
Benchmark: 1.9%
Pharmaceuticals
SIHY: 2.4%
Benchmark: 1.9%
Gaming
SIHY: 2.4%
Benchmark: 3.4%
Health Services
SIHY: 2.3%
Benchmark: 1.7%
Metals/Mining Excluding Steel
SIHY: 2.2%
Benchmark: 1.5%
Tobacco
SIHY: 2.2%
Benchmark: 0.2%
Chemicals
SIHY: 2.2%
Benchmark: 2.4%
Cons/Comm/Lease Financing
SIHY: 2.2%
Benchmark: 3.0%
Restaurants
SIHY: 2.0%
Benchmark: 1.2%
Medical Products
SIHY: 1.9%
Benchmark: 1.0%
Machinery
SIHY: 1.7%
Benchmark: 1.0%
Tech Hardware & Equipment
SIHY: 1.6%
Benchmark: 1.7%
Telecom - Wireline Integrated & Services
SIHY: 1.6%
Benchmark: 4.1%
Food & Drug Retailers
SIHY: 1.5%
Benchmark: 0.9%
Automakers
SIHY: 1.4%
Benchmark: 1.7%
Investments & Misc Financial Services
SIHY: 1.4%
Benchmark: 1.5%
RealEstate Dev & Mgt
SIHY: 1.4%
Benchmark: 0.7%
Theaters & Entertainment
SIHY: 1.4%
Benchmark: 0.5%
Oil Refining & Marketing
SIHY: 1.3%
Benchmark: 1.1%
Printing & Publishing
SIHY: 1.3%
Benchmark: 0.4%
Diversified Capital Goods
SIHY: 1.3%
Benchmark: 0.4%
Air Transportation
SIHY: 1.1%
Benchmark: 1.9%
Auto Parts & Equipment
SIHY: 1.1%
Benchmark: 1.4%
Auto Loans
SIHY: 1.1%
Benchmark: 2.4%
Managed Care
SIHY: 1.0%
Benchmark: 0.3%
Electric-Integrated
SIHY: 0.9%
Benchmark: 0.7%
Energy - Exploration & Production
SIHY: 0.9%
Benchmark: 5.1%
Health Facilities
SIHY: 0.8%
Benchmark: 2.7%
Environmental
SIHY: 0.8%
Benchmark: 0.7%
Steel Producers/Products
SIHY: 0.7%
Benchmark: 0.6%
Building Materials
SIHY: 0.5%
Benchmark: 1.5%
Electric-Generation
SIHY: 0.5%
Benchmark: 1.8%
Telecom - Satellite
SIHY: 0.5%
Benchmark: 0.7%
Reinsurance
SIHY: 0.4%
Benchmark: 0.1%
Building & Construction
SIHY: 0.4%
Benchmark: 1.6%
Cable & Satellite TV
SIHY: 0.4%
Benchmark: 4.5%
Advertising
SIHY: 0.3%
Benchmark: 1.2%
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%
Electronics
SIHY: 0.0%
Benchmark: 1.1%
Forestry/Paper
SIHY: 0.0%
Benchmark: 0.3%
Insurance Brokerage
SIHY: 0.0%
Benchmark: 1.3%
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%
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: 0.6%
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 5/26/2023
Maturity
Scientific Alpha High-Yield ETF %
ICE BofA US High Yield Index (H0A0) %
0-1 yr
0.0
0.2
1-3 yr
25.1
21.1
3-5 yr
17.5
30.9
5-7 yr
38.0
31.9
7-10 yr
16.3
12.3
10-20 yr
2.5
2.4
20-30 yr
0.1
0.9
Over 30 yr
0.0
0.0
Duration
As of 5/26/2023
Duration
Scientific Alpha High-Yield ETF %
ICE BofA US High Yield Index (H0A0) %
0-1 yr
0.0
2.3
1-3 yr
31.1
27.0
3-5 yr
35.0
44.9
5-7 yr
29.7
21.8
7-10 yr
3.7
2.3
10-20 yr
0.1
1.3
20-30 yr
0.0
--
Over 30 yr
0.0
0.0
Investment Team
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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
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 15th 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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