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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. 

Investment Solutions Built on the Human Capital Factor®

The Human Capital Factor® (HCF®) seeks to quantify levels of motivation and engagement of a company's workforce in an effort to capture the powerful connection between human capital and stock performance. HCF® scores are applied in the construction of the following products:

Currently Viewing
|Large Cap ETF|
Tracks the CIBC Human Capital Index

Index designed to deliver exposure to equity securities of 500 largest U.S. companies

Fund includes approximately 150 stocks as determined by the HCF® within HAPI universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Small Cap ETF|
Tracks the Human Capital Factor Small Cap Index

Index designed to deliver exposure to equity securities of small cap U.S. companies

Fund includes approximately 200 stocks as determined by the HCF® within HAPS universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Unconstrained ETF|
Tracks the Human Capital Factor Unconstrained Index

Index designed to deliver exposure to equity securities of large cap U.S. companies

Fund includes top 70-100 stocks as determined by the HCF®

Equal-Weighted

No Sector Limits

Overview

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

Current Price

As of 6/11/2024

$32.51

Price (NAV)

$0.04

NAV Daily Change ($)

0.12%

NAV Daily Change (%)

16.27%

NAV YTD Return

$32.48

Market Price

$0.02

Market Daily Change ($)

0.06%

Market Daily Change (%)

16.17%

Market YTD Return

Fund Facts

As of 6/11/2024

10/12/2022

Inception Date

0.35

Expense Ratio (%)
disclaimer

$327.588

Total Net Assets (million)

10,075,000

Shares Outstanding
(As of 6/12/2024)

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

162,819,761

Implied Liquidity™ (Shares)
disclaimer

$5,286,616,963.40

Implied Liquidity
disclaimer

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 3/31/2024

Pricing/Trading

As of 6/11/2024

$32.52

Bid/Ask Mid Price

$32.48

Closing Market Price

$0.01

Premium/Discount ($)

0.02%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

YTD

Days Traded at a Premium183563793
Days Traded at a Discount6741418

0.22%

30-Day Median Bid/Ask Spread

553

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

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
12.34%
12.34%
34.26%
37.53%
0.35%disclaimer
0.35%
Market Price
13.13%
13.13%
35.26%
38.18%
--
--
CIBC Human Capital Index
12.42%
12.42%
34.78%
37.93%
--
--
S&P 500 Index
10.56%
10.56%
29.88%
32.04%
--
--

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.

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 4/30/2024

152

Number of Holdings

775905.4

Wtd Avg Market Cap ($Mil)

7.63

Price/Book Ratio

26.5

Adjusted Trailing P/E Ratio

24.8

% EPS Growth - Past 3 Yr

27.36

Return on Equity (%)

24.4

Forecasted P/E Ratio

Top Ten Holdings

As of 6/11/2024

Company Name [Ticker]

% of Net Assets

NVIDIA CORP[NVDA]
7.6
APPLE INC[AAPL]
5.2
AMAZON.COM INC[AMZN]
5.1
MICROSOFT CORP[MSFT]
4.9
ELI LILLY & CO[LLY]
3.8
ALPHABET INC-CL A[GOOGL]
3.5
JPMORGAN CHASE & CO[JPM]
3.5
META PLATFORMS INC-CLASS A[META]
3.2
ALPHABET INC-CL C[GOOG]
3.1
MASTERCARD INC - A[MA]
2.4
% of Total Holdings:
42.3%

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 6/11/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

NVIDIA CORP [NVDA]
EQUITY
67066G104
205,330
120.91
24,826,450.30
7.6
APPLE INC [AAPL]
EQUITY
037833100
82,416
207.15
17,072,474.40
5.2
AMAZON.COM INC [AMZN]
EQUITY
023135106
88,760
187.23
16,618,534.80
5.1
MICROSOFT CORP [MSFT]
EQUITY
594918104
37,066
432.68
16,037,716.88
4.9
ELI LILLY & CO [LLY]
EQUITY
532457108
14,207
865.82
12,300,704.74
3.8
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
65,328
176.62
11,538,231.36
3.5
JPMORGAN CHASE & CO [JPM]
EQUITY
46625H100
58,282
194.36
11,327,689.52
3.5
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
20,794
507.47
10,552,331.18
3.2
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
56,964
178.19
10,150,415.16
3.1
MASTERCARD INC - A [MA]
EQUITY
57636Q104
17,462
449.04
7,841,136.48
2.4
CHEVRON CORP [CVX]
EQUITY
166764100
46,034
156.49
7,203,860.66
2.2
JOHNSON & JOHNSON [JNJ]
EQUITY
478160104
48,426
146.76
7,106,999.76
2.2
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
144,338
38.86
5,608,974.68
1.7
PROCTER & GAMBLE CO/THE [PG]
EQUITY
742718109
32,663
167.48
5,470,399.24
1.7
COMM SERV SELECT SECTOR SPDR [XLC]
EQUITY
81369Y852
59,168
84.77
5,015,671.36
1.5
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
1,078
3,788.70
4,084,218.60
1.2
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
15,949
229.97
3,667,791.53
1.1
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
45,656
77.15
3,522,360.40
1.1
CATERPILLAR INC [CAT]
EQUITY
149123101
10,528
327.31
3,445,919.68
1.1
AMGEN INC [AMGN]
EQUITY
031162100
11,373
300.70
3,419,861.10
1.0
COCA-COLA CO/THE [KO]
EQUITY
191216100
53,633
63.55
3,408,377.15
1.0
GENERAL ELECTRIC CO [GE]
EQUITY
369604301
21,083
160.36
3,380,869.88
1.0
PEPSICO INC [PEP]
EQUITY
713448108
19,027
165.07
3,140,786.89
1.0
NETFLIX INC [NFLX]
EQUITY
64110L106
4,838
648.55
3,137,684.90
1.0
HONEYWELL INTERNATIONAL INC [HON]
EQUITY
438516106
14,892
209.48
3,119,576.16
1.0
PFIZER INC [PFE]
EQUITY
717081103
111,159
28.03
3,115,786.77
1.0
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
6,799
418.78
2,847,285.22
0.9
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
17,189
158.96
2,732,363.44
0.8
MORGAN STANLEY [MS]
EQUITY
617446448
27,174
95.43
2,593,214.82
0.8
LOCKHEED MARTIN CORP [LMT]
EQUITY
539830109
5,603
462.80
2,593,068.40
0.8
QUALCOMM INC [QCOM]
EQUITY
747525103
12,298
208.52
2,564,378.96
0.8
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
11,419
224.53
2,563,908.07
0.8
SALESFORCE INC [CRM]
EQUITY
79466L302
10,469
240.99
2,522,924.31
0.8
FREEPORT-MCMORAN INC [FCX]
EQUITY
35671D857
50,187
49.34
2,476,226.58
0.8
ADOBE INC [ADBE]
EQUITY
00724F101
5,324
462.69
2,463,361.56
0.8
BLACKROCK INC [BLK]
EQUITY
09247X101
2,968
757.63
2,248,645.84
0.7
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
1,417
1,580.00
2,238,860.00
0.7
DEERE & CO [DE]
EQUITY
244199105
5,941
365.13
2,169,237.33
0.7
CISCO SYSTEMS INC [CSCO]
EQUITY
17275R102
46,583
45.77
2,132,103.91
0.7
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
10,497
197.44
2,072,527.68
0.6
SOUTHERN CO/THE [SO]
EQUITY
842587107
26,116
78.50
2,050,106.00
0.6
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
8,660
232.64
2,014,662.40
0.6
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
13,292
147.75
1,963,893.00
0.6
PROLOGIS INC [PLD]
EQUITY
74340W103
17,542
111.58
1,957,336.36
0.6
DUKE ENERGY CORP [DUK]
EQUITY
26441C204
18,910
102.36
1,935,627.60
0.6
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
10,397
169.32
1,760,420.04
0.5
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
8,399
205.88
1,729,186.12
0.5
GILEAD SCIENCES INC [GILD]
EQUITY
375558103
26,310
64.89
1,707,255.90
0.5
INTUIT INC [INTU]
EQUITY
461202103
3,001
566.70
1,700,666.70
0.5
ZOETIS INC [ZTS]
EQUITY
98978V103
9,289
178.54
1,658,458.06
0.5
BLACKSTONE INC [BX]
EQUITY
09260D107
13,862
119.01
1,649,716.62
0.5
SERVICENOW INC [NOW]
EQUITY
81762P102
2,245
712.04
1,598,529.80
0.5
NIKE INC -CL B [NKE]
EQUITY
654106103
15,999
95.87
1,533,824.13
0.5
INTEL CORP [INTC]
EQUITY
458140100
46,560
30.92
1,439,635.20
0.4
WILLIAMS COS INC [WMB]
EQUITY
969457100
34,625
41.37
1,432,436.25
0.4
NORTHROP GRUMMAN CORP [NOC]
EQUITY
666807102
3,274
429.82
1,407,230.68
0.4
SCHLUMBERGER LTD [SLB]
EQUITY
806857108
31,299
44.96
1,407,203.04
0.4
EQUINIX INC [EQIX]
EQUITY
29444U700
1,827
760.28
1,389,031.56
0.4
CME GROUP INC [CME]
EQUITY
12572Q105
6,964
198.70
1,383,746.80
0.4
BECTON DICKINSON AND CO [BDX]
EQUITY
075887109
5,719
234.94
1,343,621.86
0.4
MONDELEZ INTERNATIONAL INC-A [MDLZ]
EQUITY
609207105
19,673
67.58
1,329,501.34
0.4
DOW INC [DOW]
EQUITY
260557103
23,310
56.15
1,308,856.50
0.4
KKR & CO INC [KKR]
EQUITY
48251W104
11,833
110.21
1,304,114.93
0.4
OCCIDENTAL PETROLEUM CORP [OXY]
EQUITY
674599105
19,030
60.61
1,153,408.30
0.4
AUTOMATIC DATA PROCESSING [ADP]
EQUITY
053015103
4,640
246.58
1,144,131.20
0.3
LULULEMON ATHLETICA INC [LULU]
EQUITY
550021109
3,563
318.04
1,133,176.52
0.3
KLA CORP [KLAC]
EQUITY
482480100
1,417
798.16
1,130,992.72
0.3
ALTRIA GROUP INC [MO]
EQUITY
02209S103
24,343
46.40
1,129,515.20
0.3
WW GRAINGER INC [GWW]
EQUITY
384802104
1,254
900.29
1,128,963.66
0.3
COLGATE-PALMOLIVE CO [CL]
EQUITY
194162103
11,461
93.96
1,076,875.56
0.3
CORTEVA INC [CTVA]
EQUITY
22052L104
19,689
51.64
1,016,739.96
0.3
DUPONT DE NEMOURS INC [DD]
EQUITY
26614N102
12,638
79.66
1,006,743.08
0.3
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
3,166
312.95
990,799.70
0.3
TRAVELERS COS INC/THE [TRV]
EQUITY
89417E109
4,558
209.41
954,490.78
0.3
SYNOPSYS INC [SNPS]
EQUITY
871607107
1,643
579.91
952,792.13
0.3
EDWARDS LIFESCIENCES CORP [EW]
EQUITY
28176E108
10,806
87.00
940,122.00
0.3
SIMON PROPERTY GROUP INC [SPG]
EQUITY
828806109
6,161
150.78
928,955.58
0.3
EBAY INC [EBAY]
EQUITY
278642103
16,957
53.00
898,721.00
0.3
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,969
300.83
893,164.27
0.3
L3HARRIS TECHNOLOGIES INC [LHX]
EQUITY
502431109
4,037
220.22
889,028.14
0.3
GE VERNOVA INC [GEV]
EQUITY
36828A101
5,271
168.23
886,740.33
0.3
EXELON CORP [EXC]
EQUITY
30161N101
23,720
36.21
858,901.20
0.3
CROWDSTRIKE HOLDINGS INC - A [CRWD]
EQUITY
22788C105
2,186
384.63
840,801.18
0.3
UNITED RENTALS INC [URI]
EQUITY
911363109
1,332
627.98
836,469.36
0.3
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
2,641
304.77
804,897.57
0.2
CONSOLIDATED EDISON INC [ED]
EQUITY
209115104
8,451
91.75
775,379.25
0.2
QUANTA SERVICES INC [PWR]
EQUITY
74762E102
2,824
271.56
766,885.44
0.2
CUMMINS INC [CMI]
EQUITY
231021106
2,805
271.70
762,118.50
0.2
AGILENT TECHNOLOGIES INC [A]
EQUITY
00846U101
5,718
132.11
755,404.98
0.2
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
7,037
99.58
700,744.46
0.2
BAKER HUGHES CO [BKR]
EQUITY
05722G100
21,552
32.24
694,836.48
0.2
EDISON INTERNATIONAL [EIX]
EQUITY
281020107
9,299
73.61
684,499.39
0.2
MARVELL TECHNOLOGY INC [MRVL]
EQUITY
573874104
9,628
70.40
677,811.20
0.2
DELTA AIR LINES INC [DAL]
EQUITY
247361702
13,239
49.29
652,550.31
0.2
EXTRA SPACE STORAGE INC [EXR]
EQUITY
30225T102
4,243
151.29
641,923.47
0.2
KIMBERLY-CLARK CORP [KMB]
EQUITY
494368103
4,719
135.65
640,132.35
0.2
RESMED INC [RMD]
EQUITY
761152107
3,017
210.18
634,113.06
0.2
STEEL DYNAMICS INC [STLD]
EQUITY
858119100
5,152
121.53
626,122.56
0.2
EXPEDIA GROUP INC [EXPE]
EQUITY
30212P303
5,091
122.79
625,123.89
0.2
FORD MOTOR CO [F]
EQUITY
345370860
50,303
12.11
609,169.33
0.2
HARTFORD FINANCIAL SVCS GRP [HIG]
EQUITY
416515104
5,883
99.43
584,946.69
0.2
GENERAL MILLS INC [GIS]
EQUITY
370334104
8,348
66.98
559,149.04
0.2
CONSTELLATION BRANDS INC-A [STZ]
EQUITY
21036P108
2,177
251.03
546,492.31
0.2
DTE ENERGY COMPANY [DTE]
EQUITY
233331107
4,799
113.74
545,838.26
0.2
BUILDERS FIRSTSOURCE INC [BLDR]
EQUITY
12008R107
3,727
143.48
534,749.96
0.2
AUTODESK INC [ADSK]
EQUITY
052769106
2,366
211.50
500,409.00
0.2
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
2,249
214.13
481,578.37
0.1
GE HEALTHCARE TECHNOLOGY [GEHC]
EQUITY
36266G107
6,330
74.74
473,104.20
0.1
MSCI INC [MSCI]
EQUITY
55354G100
933
484.48
452,019.84
0.1
AMEREN CORPORATION [AEE]
EQUITY
023608102
6,213
70.80
439,880.40
0.1
SBA COMMUNICATIONS CORP [SBAC]
EQUITY
78410G104
2,241
192.35
431,056.35
0.1
TRADE DESK INC/THE -CLASS A [TTD]
EQUITY
88339J105
4,657
92.19
429,328.83
0.1
NASDAQ INC [NDAQ]
EQUITY
631103108
7,189
59.02
424,294.78
0.1
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
1,362
310.00
422,220.00
0.1
FORTINET INC [FTNT]
EQUITY
34959E109
7,052
59.74
421,286.48
0.1
HP INC [HPQ]
EQUITY
40434L105
11,328
36.044
408,310.963
0.1
BROWN & BROWN INC [BRO]
EQUITY
115236101
4,531
89.62
406,068.22
0.1
BOOZ ALLEN HAMILTON HOLDINGS [BAH]
EQUITY
099502106
2,686
150.70
404,780.20
0.1
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
2,578
156.43
403,276.54
0.1
GARTNER INC [IT]
EQUITY
366651107
893
433.85
387,428.05
0.1
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
4,947
77.69
384,332.43
0.1
CBOE GLOBAL MARKETS INC [CBOE]
EQUITY
12503M108
2,124
173.46
368,429.04
0.1
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
2,659
135.78
361,039.02
0.1
CINCINNATI FINANCIAL CORP [CINF]
EQUITY
172062101
3,129
113.90
356,393.10
0.1
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
8,330
42.47
353,775.10
0.1
ESSEX PROPERTY TRUST INC [ESS]
EQUITY
297178105
1,284
265.64
341,081.76
0.1
FAIR ISAAC CORP [FICO]
EQUITY
303250104
259
1,315.33
340,670.47
0.1
PULTEGROUP INC [PHM]
EQUITY
745867101
3,019
110.95
334,958.05
0.1
BUNGE GLOBAL SA [BG]
EQUITY
H11356104
3,151
105.92
333,753.92
0.1
LENNOX INTERNATIONAL INC [LII]
EQUITY
526107107
654
505.35
330,498.90
0.1
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
2,006
163.16
327,298.96
0.1
ANSYS INC [ANSS]
EQUITY
03662Q105
988
323.13
319,252.44
0.1
MOLINA HEALTHCARE INC [MOH]
EQUITY
60855R100
1,019
312.28
318,213.32
0.1
SOUTHWEST AIRLINES CO [LUV]
EQUITY
844741108
11,332
28.05
317,862.60
0.1
BIOMARIN PHARMACEUTICAL INC [BMRN]
EQUITY
09061G101
3,743
83.87
313,925.41
0.1
HUBSPOT INC [HUBS]
EQUITY
443573100
528
588.46
310,706.88
0.1
HEWLETT PACKARD ENTERPRISE [HPE]
EQUITY
42824C109
14,802
20.56
304,329.12
0.1
ROCKWELL AUTOMATION INC [ROK]
EQUITY
773903109
1,188
255.09
303,046.92
0.1
NETAPP INC [NTAP]
EQUITY
64110D104
2,412
125.47
302,633.64
0.1
BROADRIDGE FINANCIAL SOLUTIO [BR]
EQUITY
11133T103
1,398
196.67
274,944.66
0.1
TERADYNE INC [TER]
EQUITY
880770102
1,685
144.45
243,398.25
0.1
HEALTHPEAK PROPERTIES INC [DOC]
EQUITY
42250P103
11,740
19.19
225,290.60
0.1
CAMDEN PROPERTY TRUST [CPT]
EQUITY
133131102
2,072
106.20
220,046.40
0.1
JACOBS SOLUTIONS INC [J]
EQUITY
46982L108
1,345
139.49
187,614.05
0.1
FACTSET RESEARCH SYSTEMS INC [FDS]
EQUITY
303075105
451
408.26
184,125.26
0.1
ZEBRA TECHNOLOGIES CORP-CL A [ZBRA]
EQUITY
989207105
559
301.38
168,471.42
0.1
ROBLOX CORP -CLASS A [RBLX]
EQUITY
771049103
4,674
35.49
165,880.26
0.1
MONGODB INC [MDB]
EQUITY
60937P106
637
223.80
142,560.60
0.0
TRIMBLE INC [TRMB]
EQUITY
896239100
2,471
55.30
136,646.30
0.0
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
2,280
50.70
115,596.00
0.0
EPAM SYSTEMS INC [EPAM]
EQUITY
29414B104
639
177.84
113,639.76
0.0
Total
--
--
--
--
--
326,938
99.7
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.3
Total Net Assets
--
--
--
--
--
--
100%

As of 5/31/2024

Human Capital Factor US Large Cap ETF (HAPI)

CIBC Human Capital Index

-

Information Technology

HAPI: 27.7%

Benchmark: 27.7%

-

Financials

HAPI: 13.4%

Benchmark: 13.4%

-

Communication Services

HAPI: 12.4%

Benchmark: 12.4%

-

Health Care

HAPI: 12.4%

Benchmark: 12.4%

-

Consumer Discretionary

HAPI: 10.2%

Benchmark: 10.3%

-

Industrials

HAPI: 8.1%

Benchmark: 8.1%

-

Consumer Staples

HAPI: 5.5%

Benchmark: 5.5%

-

Energy

HAPI: 3.8%

Benchmark: 3.8%

-

Utilities

HAPI: 2.3%

Benchmark: 2.3%

-

Materials

HAPI: 2.1%

Benchmark: 2.1%

-

Real Estate

HAPI: 1.9%

Benchmark: 1.9%

-

Cash

HAPI: 0.0%

Benchmark: NaN%

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

Important Information

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.