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Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

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Overview
Performance
Holdings
Investment Team
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Research Suggests That Doing the Right Thing Pays.

Harbor Capital has partnered with Irrational Capital to develop a data-driven strategy built on the Human Capital Factor.

What is the Human Capital Factor? It’s a systematic measure of corporate culture that seeks to deeply understand the importance and value created between human capital and potential equity performance. In other words, the Human Capital Factor is based on the premise that happy and motivated employees can generate better outcomes for companies and investors.

HAPI offers exposure to larger capitalization companies with strong Human Capital Factor scores while constraining sectors to enhance overall diversification.


BE HAPI

assets0
assets0M+

assets0M+

The above figures represent Irrational Capital’s full data set. A subset of this data is used in constructing HAPI. Source: Irrational Capital. As of 3/31/2023.

Differentiated Research that Seeks to Uncover Alpha
  • Irrational Capital looks to identify companies with strong employer/employee relationships.
  • The Human Capital Factor seeks to deeply understand company culture and intrinsic employee motivation as a potential driver of stock performance.
  • Focused on capturing and investing in the benefits that strong corporate culture may have on a company's stock price.
employees_icon.png
Invests in Human Capital.

The Human Capital Factor measures intrinsic and extrinsic motivation that  establishes the relationship between employee well-being and business fundamentals which, in turn, could impact equity performance.

public_companies_icon.png
Outcome Oriented. Socially Conscious.

The Human Capital Factor offers a socially conscious, systematic measure of business fundamentals.

data_points_icon.png
Backed by Data.

The Human Capital Factor is grounded in proprietary data that seeks to prove "doing the right thing" can pay. 

Overview

Investment Team
Harbor Capital Advisors, Inc. dark blue logo on white background

Current Price

As of 2/29/2024

$30.35

Price (NAV)

$0.20

NAV Daily Change ($)

0.66%

NAV Daily Change (%)

8.55%

NAV YTD Return

Fund Facts

As of 2/29/2024

10/12/2022

Inception Date

0.36

Expense Ratio (%)
disclaimer

$301.518

Total Net Assets (million)

10,000,000

Shares Outstanding
(As of 2/29/2024)

HAPI

Ticker

41151J604

Cusip

NYSE

Exchange

US41151J8779

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Large Blend

Morningstar Category

CIBC Human Capital Index

Benchmark

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the CIBC Human Capital Index.

Morningstar Medalist Rating™

Morningstar Bronze
Analyst-Driven %
10
Data Coverage %
77
As of 12/31/2023

Pricing/Trading

As of 2/28/2024

$30.17

Bid/Ask Mid Price

$30.14

Closing Market Price

$0.01

Premium/Discount ($)

0.04%

Premium/Discount (%)

0.20%

30-Day Median Bid/Ask Spread

253

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Human Capital Factor US Large Cap ETF - at NAV
10.85%
30.30%
30.30%
33.39%
0.36%disclaimer
0.36%
Fund Market Price
10.85%
30.30%
30.30%
33.39%
--
--
CIBC Human Capital Index
11.05%
30.65%
30.65%
33.79%
--
--
S&P 500 Index
11.69%
26.29%
26.29%
28.68%
--
--

Performance data shown represents past performance and is no guarantee of future results. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. 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 CIBC Human Capital Index consists of a modified market-weighted portfolio of the equity securities of U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. Constituents eligible are chosen from Solactive GBS United States 500 Index (the “index universe”) at the time of Index reconstitution. The Solactive GBS United States 500 Index intends to track the performance of the largest 500 companies from the US stock market. The index listed is unmanaged and does not reflect fees and expenses and is not available for direct investment.

The S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023
12/22/2023
12/27/2023
0.28324
0.05303
0.00295
0.33922
12/21/2022
12/22/2022
12/27/2022
0.06304
0.00056
--
0.06360

Holdings

Portfolio Characteristics

As of 1/31/2024

151

Number of Holdings

698655.3

Wtd Avg Market Cap ($Mil)

6.52

Price/Book Ratio

28.7

Adjusted Trailing P/E Ratio

12.6

% EPS Growth - Past 3 Yr

23.79

Return on Equity (%)

27.1

Forecasted P/E Ratio

Top Ten Holdings

As of 2/28/2024

Company Name [Ticker]

% of Net Assets

NVIDIA CORP[NVDA]
5.2
AMAZON.COM INC[AMZN]
5.0
MICROSOFT CORP[MSFT]
4.9
APPLE INC[AAPL]
4.9
ELI LILLY & CO[LLY]
3.5
JPMORGAN CHASE & CO[JPM]
3.5
META PLATFORMS INC-CLASS A[META]
3.3
ALPHABET INC-CL A[GOOGL]
2.9
MASTERCARD INC - A[MA]
2.7
ALPHABET INC-CL C[GOOG]
2.6
% of Total Holdings:
38.5%

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

As of 2/28/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

NVIDIA CORP [NVDA]
EQUITY
67066G104
20,201
776.63
15,688,702.63
5.2
AMAZON.COM INC [AMZN]
EQUITY
023135106
87,312
173.16
15,118,945.92
5.0
MICROSOFT CORP [MSFT]
EQUITY
594918104
36,457
407.72
14,864,248.04
4.9
APPLE INC [AAPL]
EQUITY
037833100
81,068
181.42
14,707,356.56
4.9
ELI LILLY & CO [LLY]
EQUITY
532457108
13,975
757.64
10,588,019.00
3.5
JPMORGAN CHASE & CO [JPM]
EQUITY
46625H100
57,334
184.38
10,571,242.92
3.5
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
20,452
484.02
9,899,177.04
3.3
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
64,261
136.38
8,763,915.18
2.9
MASTERCARD INC - A [MA]
EQUITY
57636Q104
17,176
478.85
8,224,727.60
2.7
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
56,029
137.43
7,700,065.47
2.6
JOHNSON & JOHNSON [JNJ]
EQUITY
478160104
47,631
161.55
7,694,788.05
2.6
CHEVRON CORP [CVX]
EQUITY
166764100
45,277
152.34
6,897,498.18
2.3
PROCTER & GAMBLE CO/THE [PG]
EQUITY
742718109
32,134
160.05
5,143,046.70
1.7
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
141,982
34.07
4,837,326.74
1.6
COMM SERV SELECT SECTOR SPDR [XLC]
EQUITY
81369Y852
58,203
78.66
4,578,247.98
1.5
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
1,067
3,495.63
3,729,837.21
1.2
CATERPILLAR INC [CAT]
EQUITY
149123101
10,356
329.56
3,412,923.36
1.1
GENERAL ELECTRIC CO [GE]
EQUITY
369604301
20,739
155.61
3,227,195.79
1.1
COCA-COLA CO/THE [KO]
EQUITY
191216100
52,755
60.40
3,186,402.00
1.1
AMGEN INC [AMGN]
EQUITY
031162100
11,187
277.46
3,103,945.02
1.0
PEPSICO INC [PEP]
EQUITY
713448108
18,717
165.765
3,102,623.505
1.0
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
15,685
197.54
3,098,414.90
1.0
SALESFORCE INC [CRM]
EQUITY
79466L302
10,300
299.77
3,087,631.00
1.0
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
44,905
66.99
3,008,185.95
1.0
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
16,904
176.54
2,984,232.16
1.0
PFIZER INC [PFE]
EQUITY
717081103
109,343
27.04
2,956,634.72
1.0
ADOBE INC [ADBE]
EQUITY
00724F101
5,236
551.82
2,889,329.52
1.0
HONEYWELL INTERNATIONAL INC [HON]
EQUITY
438516106
14,651
196.49
2,878,774.99
1.0
NETFLIX INC [NFLX]
EQUITY
64110L106
4,760
596.48
2,839,244.80
0.9
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
6,690
386.59
2,586,287.10
0.9
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
11,231
218.03
2,448,694.93
0.8
LOCKHEED MARTIN CORP [LMT]
EQUITY
539830109
5,514
429.33
2,367,325.62
0.8
BLACKROCK INC [BLK]
EQUITY
09247X101
2,916
809.66
2,360,968.56
0.8
PROLOGIS INC [PLD]
EQUITY
74340W103
17,253
133.99
2,311,729.47
0.8
MORGAN STANLEY [MS]
EQUITY
617446448
26,730
86.05
2,300,116.50
0.8
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
1,402
1,579.49
2,214,444.98
0.7
CISCO SYSTEMS INC [CSCO]
EQUITY
17275R102
45,824
48.06
2,202,301.44
0.7
DEERE & CO [DE]
EQUITY
244199105
5,847
364.81
2,133,044.07
0.7
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
8,514
248.99
2,119,900.86
0.7
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
13,077
153.43
2,006,404.11
0.7
INTUIT INC [INTU]
EQUITY
461202103
2,948
659.16
1,943,203.68
0.6
INTEL CORP [INTC]
EQUITY
458140100
45,802
41.99
1,923,225.98
0.6
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
10,231
185.30
1,895,804.30
0.6
QUALCOMM INC [QCOM]
EQUITY
747525103
12,093
155.85
1,884,694.05
0.6
GILEAD SCIENCES INC [GILD]
EQUITY
375558103
25,881
72.70
1,881,548.70
0.6
FREEPORT-MCMORAN INC [FCX]
EQUITY
35671D857
49,370
37.41
1,846,931.70
0.6
ZOETIS INC [ZTS]
EQUITY
98978V103
9,138
199.94
1,827,051.72
0.6
BLACKSTONE INC [BX]
EQUITY
09260D107
13,633
126.32
1,722,120.56
0.6
SOUTHERN CO/THE [SO]
EQUITY
842587107
25,685
66.81
1,716,014.85
0.6
DUKE ENERGY CORP [DUK]
EQUITY
26441C204
18,605
90.74
1,688,217.70
0.6
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
8,265
203.96
1,685,729.40
0.6
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
10,327
163.04
1,683,714.08
0.6
SERVICENOW INC [NOW]
EQUITY
81762P102
2,214
759.79
1,682,175.06
0.6
NIKE INC -CL B [NKE]
EQUITY
654106103
15,733
104.35
1,641,738.55
0.5
LULULEMON ATHLETICA INC [LULU]
EQUITY
550021109
3,507
464.14
1,627,738.98
0.5
EQUINIX INC [EQIX]
EQUITY
29444U700
1,792
891.87
1,598,231.04
0.5
CME GROUP INC [CME]
EQUITY
12572Q105
6,848
220.84
1,512,312.32
0.5
PIONEER NATURAL RESOURCES CO [PXD]
EQUITY
723787107
6,329
234.81
1,486,112.49
0.5
SCHLUMBERGER LTD [SLB]
EQUITY
806857108
30,786
48.16
1,482,653.76
0.5
NORTHROP GRUMMAN CORP [NOC]
EQUITY
666807102
3,220
458.95
1,477,819.00
0.5
MONDELEZ INTERNATIONAL INC-A [MDLZ]
EQUITY
609207105
19,346
73.19
1,415,933.74
0.5
BECTON DICKINSON AND CO [BDX]
EQUITY
075887109
5,624
239.15
1,344,979.60
0.4
DOW INC [DOW]
EQUITY
260557103
22,924
55.10
1,263,112.40
0.4
WW GRAINGER INC [GWW]
EQUITY
384802104
1,233
974.70
1,201,805.10
0.4
WILLIAMS COS INC [WMB]
EQUITY
969457100
34,056
35.26
1,200,814.56
0.4
AUTOMATIC DATA PROCESSING [ADP]
EQUITY
053015103
4,559
251.56
1,146,862.04
0.4
OCCIDENTAL PETROLEUM CORP [OXY]
EQUITY
674599105
18,720
60.26
1,128,067.20
0.4
KKR & CO INC [KKR]
EQUITY
48251W104
11,638
95.85
1,115,502.30
0.4
CORTEVA INC [CTVA]
EQUITY
22052L104
19,373
54.38
1,053,503.74
0.3
TRAVELERS COS INC/THE [TRV]
EQUITY
89417E109
4,481
220.42
987,702.02
0.3
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
3,116
316.15
985,123.40
0.3
ALTRIA GROUP INC [MO]
EQUITY
02209S103
23,945
40.99
981,505.55
0.3
COLGATE-PALMOLIVE CO [CL]
EQUITY
194162103
11,272
86.81
978,522.32
0.3
KLA CORP [KLAC]
EQUITY
482480100
1,402
673.00
943,546.00
0.3
SYNOPSYS INC [SNPS]
EQUITY
871607107
1,615
570.28
921,002.20
0.3
EDWARDS LIFESCIENCES CORP [EW]
EQUITY
28176E108
10,634
86.00
914,524.00
0.3
SIMON PROPERTY GROUP INC [SPG]
EQUITY
828806109
6,059
149.86
908,001.74
0.3
UNITED RENTALS INC [URI]
EQUITY
911363109
1,307
686.19
896,850.33
0.3
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,917
300.58
876,791.86
0.3
DUPONT DE NEMOURS INC [DD]
EQUITY
26614N102
12,430
69.63
865,500.90
0.3
L3HARRIS TECHNOLOGIES INC [LHX]
EQUITY
502431109
3,972
213.19
846,790.68
0.3
EXELON CORP [EXC]
EQUITY
30161N101
23,328
35.80
835,142.40
0.3
EBAY INC [EBAY]
EQUITY
278642103
16,682
47.89
798,900.98
0.3
AGILENT TECHNOLOGIES INC [A]
EQUITY
00846U101
5,624
137.01
770,544.24
0.3
CUMMINS INC [CMI]
EQUITY
231021106
2,760
270.36
746,193.60
0.2
CONSOLIDATED EDISON INC [ED]
EQUITY
209115104
8,315
86.65
720,494.75
0.2
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
2,593
273.17
708,329.81
0.2
BUILDERS FIRSTSOURCE INC [BLDR]
EQUITY
12008R107
3,664
193.27
708,141.28
0.2
CROWDSTRIKE HOLDINGS INC - A [CRWD]
EQUITY
22788C105
2,146
320.94
688,737.24
0.2
EXPEDIA GROUP INC [EXPE]
EQUITY
30212P303
5,013
135.53
679,411.89
0.2
STEEL DYNAMICS INC [STLD]
EQUITY
858119100
5,071
132.49
671,856.79
0.2
QUANTA SERVICES INC [PWR]
EQUITY
74762E102
2,779
238.63
663,152.77
0.2
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
2,217
295.16
654,369.72
0.2
MARVELL TECHNOLOGY INC [MRVL]
EQUITY
573874104
9,474
67.54
639,873.96
0.2
BAKER HUGHES CO [BKR]
EQUITY
05722G100
21,199
29.48
624,946.52
0.2
EDISON INTERNATIONAL [EIX]
EQUITY
281020107
9,148
67.85
620,691.80
0.2
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
6,918
88.28
610,721.04
0.2
FORD MOTOR CO [F]
EQUITY
345370860
49,481
12.30
608,616.30
0.2
AUTODESK INC [ADSK]
EQUITY
052769106
2,329
255.25
594,477.25
0.2
GE HEALTHCARE TECHNOLOGY [GEHC]
EQUITY
36266G107
6,231
93.02
579,607.62
0.2
EXTRA SPACE STORAGE INC [EXR]
EQUITY
30225T102
4,168
138.29
576,392.72
0.2
KIMBERLY-CLARK CORP [KMB]
EQUITY
494368103
4,646
121.23
563,234.58
0.2
HARTFORD FINANCIAL SVCS GRP [HIG]
EQUITY
416515104
5,782
95.61
552,817.02
0.2
DELTA AIR LINES INC [DAL]
EQUITY
247361702
13,027
42.01
547,264.27
0.2
CONSTELLATION BRANDS INC-A [STZ]
EQUITY
21036P108
2,138
247.44
529,026.72
0.2
GENERAL MILLS INC [GIS]
EQUITY
370334104
8,216
64.30
528,288.80
0.2
MSCI INC [MSCI]
EQUITY
55354G100
914
567.91
519,069.74
0.2
RESMED INC [RMD]
EQUITY
761152107
2,963
173.96
515,443.48
0.2
DTE ENERGY COMPANY [DTE]
EQUITY
233331107
4,723
108.10
510,556.30
0.2
FORTINET INC [FTNT]
EQUITY
34959E109
6,933
69.51
481,912.83
0.2
SBA COMMUNICATIONS CORP [SBAC]
EQUITY
78410G104
2,209
205.16
453,198.44
0.2
AMEREN CORPORATION [AEE]
EQUITY
023608102
6,108
71.49
436,660.92
0.1
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,974
207.05
408,716.70
0.1
CBOE GLOBAL MARKETS INC [CBOE]
EQUITY
12503M108
2,087
195.78
408,592.86
0.1
GARTNER INC [IT]
EQUITY
366651107
876
465.69
407,944.44
0.1
MOLINA HEALTHCARE INC [MOH]
EQUITY
60855R100
997
401.78
400,574.66
0.1
NASDAQ INC [NDAQ]
EQUITY
631103108
7,075
56.32
398,464.00
0.1
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
2,532
155.23
393,042.36
0.1
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
4,864
80.56
391,843.84
0.1
BOOZ ALLEN HAMILTON HOLDINGS [BAH]
EQUITY
099502106
2,646
147.31
389,782.26
0.1
TRADE DESK INC/THE -CLASS A [TTD]
EQUITY
88339J105
4,576
84.90
388,502.40
0.1
SOUTHWEST AIRLINES CO [LUV]
EQUITY
844741108
11,148
34.47
384,271.56
0.1
BROWN & BROWN INC [BRO]
EQUITY
115236101
4,455
84.78
377,694.90
0.1
CINCINNATI FINANCIAL CORP [CINF]
EQUITY
172062101
3,081
113.70
350,309.70
0.1
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
2,620
131.25
343,875.00
0.1
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
1,336
252.25
337,006.00
0.1
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
8,199
40.87
335,093.13
0.1
ROCKWELL AUTOMATION INC [ROK]
EQUITY
773903109
1,169
286.41
334,813.29
0.1
BIOMARIN PHARMACEUTICAL INC [BMRN]
EQUITY
09061G101
3,679
88.40
325,223.60
0.1
FAIR ISAAC CORP [FICO]
EQUITY
303250104
255
1,274.63
325,030.65
0.1
ANSYS INC [ANSS]
EQUITY
03662Q105
967
333.09
322,098.03
0.1
HP INC [HPQ]
EQUITY
40434L105
11,144
28.72
320,055.68
0.1
HUBSPOT INC [HUBS]
EQUITY
443573100
516
612.69
316,148.04
0.1
PULTEGROUP INC [PHM]
EQUITY
745867101
2,965
106.43
315,564.95
0.1
LENNOX INTERNATIONAL INC [LII]
EQUITY
526107107
647
471.70
305,189.90
0.1
BUNGE GLOBAL SA [BG]
EQUITY
H11356104
3,102
93.74
290,781.48
0.1
ESSEX PROPERTY TRUST INC [ESS]
EQUITY
297178105
1,261
229.63
289,563.43
0.1
MONGODB INC [MDB]
EQUITY
60937P106
630
443.45
279,373.50
0.1
BROADRIDGE FINANCIAL SOLUTIO [BR]
EQUITY
11133T103
1,371
201.45
276,187.95
0.1
SPLUNK INC [SPLK]
EQUITY
848637104
1,704
156.16
266,096.64
0.1
HEWLETT PACKARD ENTERPRISE [HPE]
EQUITY
42824C109
14,555
14.86
216,287.30
0.1
NETAPP INC [NTAP]
EQUITY
64110D104
2,373
88.03
208,895.19
0.1
FACTSET RESEARCH SYSTEMS INC [FDS]
EQUITY
303075105
442
465.99
205,967.58
0.1
JACOBS SOLUTIONS INC [J]
EQUITY
46982L108
1,319
147.13
194,064.47
0.1
EPAM SYSTEMS INC [EPAM]
EQUITY
29414B104
632
305.51
193,082.32
0.1
HEALTHPEAK PROPERTIES INC [PEAK]
EQUITY
42250P103
11,549
16.55
191,135.95
0.1
CAMDEN PROPERTY TRUST [CPT]
EQUITY
133131102
2,037
93.77
191,009.49
0.1
ROBLOX CORP -CLASS A [RBLX]
EQUITY
771049103
4,602
40.16
184,816.32
0.1
TERADYNE INC [TER]
EQUITY
880770102
1,656
100.35
166,179.60
0.1
ZEBRA TECHNOLOGIES CORP-CL A [ZBRA]
EQUITY
989207105
546
272.80
148,948.80
0.0
TRIMBLE INC [TRMB]
EQUITY
896239100
2,430
60.91
148,011.30
0.0
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
2,247
50.82
114,192.54
0.0
Total
--
--
--
--
--
301,000
99.6
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.4
Total Net Assets
--
--
--
--
--
--
100%

As of 1/31/2024

Human Capital Factor US Large Cap ETF (HAPI)

CIBC Human Capital Index

-

Information Technology

HAPI: 26.2%

Benchmark: 26.2%

-

Communication Services

HAPI: 14.5%

Benchmark: 14.5%

-

Health Care

HAPI: 14.3%

Benchmark: 14.3%

-

Financials

HAPI: 13.6%

Benchmark: 13.6%

-

Consumer Discretionary

HAPI: 10.9%

Benchmark: 10.9%

-

Industrials

HAPI: 5.7%

Benchmark: 5.7%

-

Consumer Staples

HAPI: 5.0%

Benchmark: 5.0%

-

Energy

HAPI: 4.1%

Benchmark: 4.1%

-

Utilities

HAPI: 2.2%

Benchmark: 2.2%

-

Real Estate

HAPI: 2.2%

Benchmark: 2.2%

-

Materials

HAPI: 1.5%

Benchmark: 1.5%

HAPI: Human Capital Factor US Large Cap ETF

Benchmark: CIBC Human Capital Index

Investment Team


Harbor Capital Advisors, Inc. dark blue logo on white background

The Fund employs an indexing investment approach designed to track the performance of the CIBC Human Capital Index (“The Index”). The Fund invests at least 80% of its total assets in securities that are included in the Index.

The Index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. The Index was developed by the Canadian Imperial Bank of Commerce (CIBC, the “Index Provider”).

Harbor Capital serves as the investment adviser.


Documents

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.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. The Fund may not exactly track the performance of the Index with perfect accuracy at all times. Tracking error may occur because of pricing differences, timing and costs incurred by the fund or during times of heightened market volatility. The Fund relies on the Index provider's methodology in assessing whether a company may be considered a corporate culture leader. There is no guarantee that the construction methodology will accurately assess a company to include or exclude it from the index which could have an adverse effect on the Fund's returns. The Fund's assets may be concentrated in a particular sector or industries to the extent the Index is concentrated and is subject to the risk that economic, political, or other market conditions that have a negative effect on that sector or industry will negatively impact the value of the Fund.

Companies in the information technology sector can be significantly affected by short product cycles, obsolescence of existing technology, impairment or loss of intellectual property rights, falling prices and profits, competition from new market entrants, government regulation and other factors.

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.

CIBC is a third-party index provider to the Harbor Corporate Culture ETF.

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).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

Alpha refers to excess returns earned on an investment.

The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.

The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.