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Harbor Human Capital Factor US Small Cap ETF (HAPS)

Linking strong corporate culture and potential equity value in the small cap arena.

Harbor Human Capital Factor US Small Cap ETF (HAPS)

Linking strong corporate culture and potential equity value in the small cap arena.

Welcome
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.
  • HAPS offers exposure to small capitalization companies with strong Human Capital Factor scores while constraining sectors to enhance overall diversification.

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
|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
|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

Related Funds to Consider

Overview

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

Current Price

As of 7/12/2024

$27.94

Price (NAV)

$0.36

NAV Daily Change ($)

1.31%

NAV Daily Change (%)

-0.85%

NAV YTD Return

$27.97

Market Price

$0.36

Market Daily Change ($)

1.30%

Market Daily Change (%)

-0.78%

Market YTD Return

Fund Facts

As of 7/12/2024

4/12/2023

Inception Date

0.60

Expense Ratio (%)
disclaimer

$127.113

Total Net Assets (million)

4,550,000

Shares Outstanding
(As of 7/15/2024)

HAPS

Ticker

41151J851

Cusip

NYSE

Exchange

US41151J8514

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Small Cap Blend

Morningstar Category

CIBC Human Capital Factor Small Cap Index

Benchmark

249,450

Implied Liquidity™ (Shares)
disclaimer

$6,879,020.79

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Human Capital Factor Small Cap Index (the “Index”).

Pricing/Trading

As of 7/12/2024

$27.97

Bid/Ask Mid Price

$27.97

Closing Market Price

$0.03

Premium/Discount ($)

0.10%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

YTD

Days Traded at a Premium874234985
Days Traded at a Discount941829047

0.22%

30-Day Median Bid/Ask Spread

7

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 Fund Inception

Net Expense Ratio

Gross Expense Ratio

Human Capital Factor US Small Cap ETF - at NAV
-5.20%
-4.93%
3.27%
7.26%
0.60%disclaimer
0.60%
Market Price
-4.66%
-4.97%
3.27%
7.26%
--
--
Human Capital Factor Small Cap Index
-5.06%
-4.57%
4.04%
7.99%
--
--
Russell 2000® Index
-3.28%
1.73%
10.06%
14.26%
--
--

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 Human Capital Factor Small Cap Index is designed to deliver exposure to equity securities of U.S. companies that possess strong human capital, based on proprietary scoring methodology produced by Irrational Capital LLC. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Russell 2000® Index measures the performance of the small-cap segment of the US equity universe. It is a subset of the Russell 3000® and includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Index and Russell® are trademarks of Frank Russell Company.

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
0.11815
--
--
0.11815

Holdings

Portfolio Characteristics

As of 6/30/2024

191

Number of Holdings

3012.5

Wtd Avg Market Cap ($Mil)

2.71

Price/Book Ratio

19.1

Adjusted Trailing P/E Ratio

29.8

% EPS Growth - Past 3 Yr

9.88

Return on Equity (%)

16.6

Forecasted P/E Ratio

Top Ten Holdings

As of 7/11/2024

Company Name [Ticker]

% of Net Assets

BLUEPRINT MEDICINES CORP[BPMC]
2.3
PHILLIPS EDISON & COMPANY IN[PECO]
2.1
ARMSTRONG WORLD INDUSTRIES[AWI]
2.0
MOOG INC-CLASS A[MOG/A]
1.9
AVNET INC[AVT]
1.9
APPLE HOSPITALITY REIT INC[APLE]
1.7
CABOT CORP[CBT]
1.7
NATIONAL STORAGE AFFILIATES[NSA]
1.6
KOSMOS ENERGY LTD[KOS]
1.6
GRAND CANYON EDUCATION INC[LOPE]
1.5
% of Total Holdings:
18.3%

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 7/11/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

BLUEPRINT MEDICINES CORP [BPMC]
EQUITY
09627Y109
23,978
117.79
2,824,368.62
2.3
PHILLIPS EDISON & COMPANY IN [PECO]
EQUITY
71844V201
77,686
33.36
2,591,604.96
2.1
ARMSTRONG WORLD INDUSTRIES [AWI]
EQUITY
04247X102
21,524
118.11
2,542,199.64
2.0
MOOG INC-CLASS A [MOG/A]
EQUITY
615394202
13,856
176.00
2,438,656.00
1.9
AVNET INC [AVT]
EQUITY
053807103
45,630
52.83
2,410,632.90
1.9
APPLE HOSPITALITY REIT INC [APLE]
EQUITY
03784Y200
148,730
14.28
2,123,864.40
1.7
CABOT CORP [CBT]
EQUITY
127055101
22,592
93.74
2,117,774.08
1.7
NATIONAL STORAGE AFFILIATES [NSA]
EQUITY
637870106
48,286
42.06
2,030,909.16
1.6
KOSMOS ENERGY LTD [KOS]
EQUITY
500688106
344,800
5.67
1,955,016.00
1.6
GRAND CANYON EDUCATION INC [LOPE]
EQUITY
38526M106
13,728
141.56
1,943,335.68
1.5
TRAVEL + LEISURE CO [TNL]
EQUITY
894164102
37,089
46.69
1,731,685.41
1.4
KB HOME [KBH]
EQUITY
48666K109
22,709
73.79
1,675,697.11
1.3
LIBERTY ENERGY INC [LBRT]
EQUITY
53115L104
79,387
20.96
1,663,951.52
1.3
INSPERITY INC [NSP]
EQUITY
45778Q107
18,266
90.36
1,650,515.76
1.3
TEREX CORP [TEX]
EQUITY
880779103
30,056
54.31
1,632,341.36
1.3
ONE GAS INC [OGS]
EQUITY
68235P108
25,019
64.72
1,619,229.68
1.3
RHYTHM PHARMACEUTICALS INC [RYTM]
EQUITY
76243J105
34,627
46.60
1,613,618.20
1.3
PTC THERAPEUTICS INC [PTCT]
EQUITY
69366J200
47,380
33.20
1,573,016.00
1.3
YETI HOLDINGS INC [YETI]
EQUITY
98585X104
38,126
39.63
1,510,933.38
1.2
SPIRE INC [SR]
EQUITY
84857L101
24,183
61.61
1,489,914.63
1.2
RADIAN GROUP INC [RDN]
EQUITY
750236101
45,112
32.76
1,477,869.12
1.2
AGIOS PHARMACEUTICALS INC [AGIO]
EQUITY
00847X104
32,770
44.39
1,454,660.30
1.2
TRIPADVISOR INC [TRIP]
EQUITY
896945201
80,172
17.94
1,438,285.68
1.1
RESIDEO TECHNOLOGIES INC [REZI]
EQUITY
76118Y104
71,099
20.17
1,434,066.83
1.1
COPA HOLDINGS SA-CLASS A [CPA]
EQUITY
P31076105
14,552
96.88
1,409,797.76
1.1
HAMILTON LANE INC-CLASS A [HLNE]
EQUITY
407497106
10,196
134.76
1,374,012.96
1.1
BRINKER INTERNATIONAL INC [EAT]
EQUITY
109641100
20,751
65.21
1,353,172.71
1.1
NUVALENT INC-A [NUVL]
EQUITY
670703107
16,559
77.99
1,291,436.41
1.0
GRANITE CONSTRUCTION INC [GVA]
EQUITY
387328107
19,565
62.73
1,227,312.45
1.0
ALBANY INTL CORP-CL A [AIN]
EQUITY
012348108
14,094
86.39
1,217,580.66
1.0
INVENTRUST PROPERTIES CORP [IVT]
EQUITY
46124J201
47,611
25.47
1,212,652.17
1.0
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
31,011
39.00
1,209,429.00
1.0
ARCELLX INC [ACLX]
EQUITY
03940C100
20,362
59.28
1,207,059.36
1.0
PIPER SANDLER COS [PIPR]
EQUITY
724078100
4,954
240.20
1,189,950.80
0.9
SURGERY PARTNERS INC [SGRY]
EQUITY
86881A100
46,414
25.55
1,185,877.70
0.9
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
46,312
24.63
1,140,664.56
0.9
DELEK US HOLDINGS INC [DK]
EQUITY
24665A103
48,835
22.79
1,112,949.65
0.9
MOELIS & CO - CLASS A [MC]
EQUITY
60786M105
18,159
60.11
1,091,537.49
0.9
PRICESMART INC [PSMT]
EQUITY
741511109
13,105
80.23
1,051,414.15
0.8
HERC HOLDINGS INC [HRI]
EQUITY
42704L104
7,908
132.73
1,049,628.84
0.8
CIMPRESS PLC [CMPR]
EQUITY
G2143T103
11,367
89.79
1,020,642.93
0.8
HURON CONSULTING GROUP INC [HURN]
EQUITY
447462102
10,210
99.02
1,010,994.20
0.8
JBG SMITH PROPERTIES [JBGS]
EQUITY
46590V100
60,521
16.34
988,913.14
0.8
BRIGHTHOUSE FINANCIAL INC [BHF]
EQUITY
10922N103
20,745
47.61
987,669.45
0.8
ALTAIR ENGINEERING INC - A [ALTR]
EQUITY
021369103
9,738
99.27
966,691.26
0.8
LAUREATE EDUCATION INC [LAUR]
EQUITY
518613203
62,826
15.06
946,159.56
0.8
AMN HEALTHCARE SERVICES INC [AMN]
EQUITY
001744101
18,776
49.32
926,032.32
0.7
SENSIENT TECHNOLOGIES CORP [SXT]
EQUITY
81725T100
11,783
77.81
916,835.23
0.7
WALKER & DUNLOP INC [WD]
EQUITY
93148P102
9,019
100.15
903,252.85
0.7
INVESCO S&P SMALLCAP HEALTH [PSCH]
EQUITY
46138E149
20,375
44.04
897,315.00
0.7
TPG INC [TPG]
EQUITY
872657101
20,390
42.45
865,555.50
0.7
CHEESECAKE FACTORY INC/THE [CAKE]
EQUITY
163072101
22,578
37.75
852,319.50
0.7
KURA ONCOLOGY INC [KURA]
EQUITY
50127T109
38,790
21.95
851,440.50
0.7
APPFOLIO INC - A [APPF]
EQUITY
03783C100
3,374
251.71
849,269.54
0.7
FIRST HAWAIIAN INC [FHB]
EQUITY
32051X108
37,172
22.07
820,386.04
0.7
CENTURY COMMUNITIES INC [CCS]
EQUITY
156504300
8,960
88.26
790,809.60
0.6
TRONOX HOLDINGS PLC [TROX]
EQUITY
G9087Q102
47,665
16.52
787,425.80
0.6
ACI WORLDWIDE INC [ACIW]
EQUITY
004498101
19,353
40.18
777,603.54
0.6
IRONWOOD PHARMACEUTICALS INC [IRWD]
EQUITY
46333X108
111,974
6.83
764,782.42
0.6
STEPSTONE GROUP INC-CLASS A [STEP]
EQUITY
85914M107
15,674
46.57
729,938.18
0.6
FORMFACTOR INC [FORM]
EQUITY
346375108
12,042
59.71
719,027.82
0.6
COLLEGIUM PHARMACEUTICAL INC [COLL]
EQUITY
19459J104
22,515
31.88
717,778.20
0.6
TERADATA CORP [TDC]
EQUITY
88076W103
20,515
34.35
704,690.25
0.6
IMPINJ INC [PI]
EQUITY
453204109
4,080
167.41
683,032.80
0.5
UPWORK INC [UPWK]
EQUITY
91688F104
59,172
11.18
661,542.96
0.5
BOX INC - CLASS A [BOX]
EQUITY
10316T104
25,956
25.45
660,580.20
0.5
ATLAS ENERGY SOLUTIONS INC [AESI]
EQUITY
642045108
31,432
21.00
660,072.00
0.5
WORKIVA INC [WK]
EQUITY
98139A105
8,891
73.05
649,487.55
0.5
BUCKLE INC/THE [BKE]
EQUITY
118440106
16,361
38.77
634,315.97
0.5
BREAD FINANCIAL HOLDINGS INC [BFH]
EQUITY
018581108
13,428
46.66
626,550.48
0.5
WAFD INC [WAFD]
EQUITY
938824109
20,615
30.32
625,046.80
0.5
DUTCH BROS INC-CLASS A [BROS]
EQUITY
26701L100
15,584
40.08
624,606.72
0.5
LGI HOMES INC [LGIH]
EQUITY
50187T106
6,222
99.95
621,888.90
0.5
JFROG LTD [FROG]
EQUITY
M6191J100
17,194
36.07
620,187.58
0.5
POWELL INDUSTRIES INC [POWL]
EQUITY
739128106
4,308
142.66
614,579.28
0.5
FIRST MERCHANTS CORP [FRME]
EQUITY
320817109
17,311
35.38
612,463.18
0.5
FLYWIRE CORP-VOTING [FLYW]
EQUITY
302492103
36,053
16.98
612,179.94
0.5
ALARM.COM HOLDINGS INC [ALRM]
EQUITY
011642105
8,915
66.44
592,312.60
0.5
PALOMAR HOLDINGS INC [PLMR]
EQUITY
69753M105
6,981
84.24
588,079.44
0.5
TOWNE BANK [TOWN]
EQUITY
89214P109
19,816
29.21
578,825.36
0.5
KFORCE INC [KFRC]
EQUITY
493732101
9,287
61.91
574,958.17
0.5
GLOBALSTAR INC [GSAT]
EQUITY
378973408
429,801
1.33
571,635.33
0.5
SONOS INC [SONO]
EQUITY
83570H108
38,114
14.96
570,185.44
0.5
SILVERBOW RESOURCES INC [SBOW]
EQUITY
82836G102
14,802
38.32
567,212.64
0.5
RAPID7 INC [RPD]
EQUITY
753422104
13,610
40.15
546,441.50
0.4
SPROUT SOCIAL INC - CLASS A [SPT]
EQUITY
85209W109
15,709
34.53
542,431.77
0.4
PRIVIA HEALTH GROUP INC [PRVA]
EQUITY
74276R102
29,934
17.92
536,417.28
0.4
TRUSTMARK CORP [TRMK]
EQUITY
898402102
16,941
31.37
531,439.17
0.4
CRA INTERNATIONAL INC [CRAI]
EQUITY
12618T105
3,009
174.29
524,438.61
0.4
STEELCASE INC-CL A [SCS]
EQUITY
858155203
39,377
13.30
523,714.10
0.4
SCANSOURCE INC [SCSC]
EQUITY
806037107
11,800
44.12
520,616.00
0.4
OXFORD INDUSTRIES INC [OXM]
EQUITY
691497309
5,121
100.48
514,558.08
0.4
CENTRAL GARDEN AND PET CO-A [CENTA]
EQUITY
153527205
15,594
32.78
511,171.32
0.4
WINNEBAGO INDUSTRIES [WGO]
EQUITY
974637100
9,367
54.56
511,063.52
0.4
BANNER CORPORATION [BANR]
EQUITY
06652V208
9,759
52.31
510,493.29
0.4
WESBANCO INC [WSBC]
EQUITY
950810101
16,922
29.57
500,383.54
0.4
ENTERPRISE FINANCIAL SERVICE [EFSC]
EQUITY
293712105
10,694
42.58
455,350.52
0.4
PROGRESS SOFTWARE CORP [PRGS]
EQUITY
743312100
8,119
54.94
446,057.86
0.4
UNDER ARMOUR INC-CLASS A [UAA]
EQUITY
904311107
63,448
6.99
443,501.52
0.4
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
37,572
11.735
440,907.42
0.4
PATHWARD FINANCIAL INC [CASH]
EQUITY
59100U108
7,419
59.08
438,314.52
0.3
AURORA INNOVATION INC [AUR]
EQUITY
051774107
131,153
3.31
434,116.43
0.3
DOLE PLC [DOLE]
EQUITY
G27907107
33,969
12.67
430,387.23
0.3
HILLTOP HOLDINGS INC [HTH]
EQUITY
432748101
13,025
32.05
417,451.25
0.3
MERCURY GENERAL CORP [MCY]
EQUITY
589400100
7,519
53.86
404,973.34
0.3
KOPPERS HOLDINGS INC [KOP]
EQUITY
50060P106
10,972
36.29
398,173.88
0.3
PEDIATRIX MEDICAL GROUP INC [MD]
EQUITY
58502B106
54,480
7.21
392,800.80
0.3
SQUARESPACE INC - CLASS A [SQSP]
EQUITY
85225A107
8,861
43.72
387,402.92
0.3
ENVESTNET INC [ENV]
EQUITY
29404K106
6,212
61.65
382,969.80
0.3
ALLEGIANT TRAVEL CO [ALGT]
EQUITY
01748X102
7,591
49.09
372,642.19
0.3
ZETA GLOBAL HOLDINGS CORP-A [ZETA]
EQUITY
98956A105
21,596
17.25
372,531.00
0.3
CARGURUS INC [CARG]
EQUITY
141788109
14,491
25.49
369,375.59
0.3
RYERSON HOLDING CORP [RYI]
EQUITY
783754104
17,632
20.86
367,803.52
0.3
BRAZE INC-A [BRZE]
EQUITY
10576N102
9,616
38.14
366,754.24
0.3
NELNET INC-CL A [NNI]
EQUITY
64031N108
3,396
104.71
355,595.16
0.3
EXTREME NETWORKS INC [EXTR]
EQUITY
30226D106
25,549
13.88
354,620.12
0.3
VERITEX HOLDINGS INC [VBTX]
EQUITY
923451108
15,552
22.25
346,032.00
0.3
LIVE OAK BANCSHARES INC [LOB]
EQUITY
53803X105
9,433
36.68
346,002.44
0.3
TARSUS PHARMACEUTICALS INC [TARS]
EQUITY
87650L103
11,493
29.91
343,755.63
0.3
HAWAIIAN HOLDINGS INC [HA]
EQUITY
419879101
24,443
13.92
340,246.56
0.3
CALIX INC [CALX]
EQUITY
13100M509
9,907
33.83
335,153.81
0.3
SPARTANNASH CO [SPTN]
EQUITY
847215100
17,448
18.79
327,847.92
0.3
VIAVI SOLUTIONS INC [VIAV]
EQUITY
925550105
43,735
7.28
318,390.80
0.3
VERTEX INC - CLASS A [VERX]
EQUITY
92538J106
8,620
36.61
315,578.20
0.3
ARLO TECHNOLOGIES INC [ARLO]
EQUITY
04206A101
18,661
16.60
309,772.60
0.2
REGENXBIO INC [RGNX]
EQUITY
75901B107
24,298
12.71
308,827.58
0.2
UPSTART HOLDINGS INC [UPST]
EQUITY
91680M107
11,041
26.92
297,223.72
0.2
OPENDOOR TECHNOLOGIES INC [OPEN]
EQUITY
683712103
142,451
2.06
293,449.06
0.2
BEAZER HOMES USA INC [BZH]
EQUITY
07556Q881
9,982
29.26
292,073.32
0.2
OCEANFIRST FINANCIAL CORP [OCFC]
EQUITY
675234108
16,820
17.03
286,444.60
0.2
FIRST WATCH RESTAURANT GROUP [FWRG]
EQUITY
33748L101
17,985
15.87
285,421.95
0.2
CULLINAN THERAPEUTICS INC [CGEM]
EQUITY
230031106
17,481
16.18
282,842.58
0.2
DIGITALOCEAN HOLDINGS INC [DOCN]
EQUITY
25402D102
8,426
33.29
280,501.54
0.2
IDT CORP-CLASS B [IDT]
EQUITY
448947507
7,648
36.47
278,922.56
0.2
USANA HEALTH SCIENCES INC [USNA]
EQUITY
90328M107
6,146
44.78
275,217.88
0.2
SCHRODINGER INC [SDGR]
EQUITY
80810D103
12,437
21.56
268,141.72
0.2
ORIGIN BANCORP INC [OBK]
EQUITY
68621T102
7,912
33.48
264,893.76
0.2
VIASAT INC [VSAT]
EQUITY
92552V100
16,934
15.48
262,138.32
0.2
CSG SYSTEMS INTL INC [CSGS]
EQUITY
126349109
6,190
41.91
259,422.90
0.2
CERTARA INC [CERT]
EQUITY
15687V109
17,008
15.12
257,160.96
0.2
CASTLE BIOSCIENCES INC [CSTL]
EQUITY
14843C105
13,850
18.49
256,086.50
0.2
PAR TECHNOLOGY CORP/DEL [PAR]
EQUITY
698884103
5,259
47.26
248,540.34
0.2
FRANKLIN COVEY CO [FC]
EQUITY
353469109
5,905
39.85
235,314.25
0.2
POWERSCHOOL HOLDINGS INC-A [PWSC]
EQUITY
73939C106
10,457
22.50
235,282.50
0.2
ASSETMARK FINANCIAL HOLDINGS [AMK]
EQUITY
04546L106
6,715
34.65
232,674.75
0.2
EXP WORLD HOLDINGS INC [EXPI]
EQUITY
30212W100
18,560
12.17
225,875.20
0.2
INFINERA CORP [INFN]
EQUITY
45667G103
35,957
6.15
221,135.55
0.2
MERCHANTS BANCORP/IN [MBIN]
EQUITY
58844R108
4,880
43.64
212,963.20
0.2
BYLINE BANCORP INC [BY]
EQUITY
124411109
8,333
24.90
207,491.70
0.2
CARS.COM INC [CARS]
EQUITY
14575E105
10,862
19.09
207,355.58
0.2
INVESCO S&P SMALLCAP FINANCI [PSCF]
EQUITY
46138E156
4,011
50.145
201,129.99
0.2
ASANA INC - CL A [ASAN]
EQUITY
04342Y104
14,624
13.52
197,716.48
0.2
HAVERTY FURNITURE [HVT]
EQUITY
419596101
7,772
24.86
193,211.92
0.2
VERVE THERAPEUTICS INC [VERV]
EQUITY
92539P101
29,959
6.37
190,838.83
0.2
INTAPP INC [INTA]
EQUITY
45827U109
5,166
35.49
183,341.34
0.1
N-ABLE INC [NABL]
EQUITY
62878D100
11,751
14.88
174,854.88
0.1
COURSERA INC [COUR]
EQUITY
22266M104
23,766
7.28
173,016.48
0.1
PLAYAGS INC [AGS]
EQUITY
72814N104
14,989
11.46
171,773.94
0.1
CHEGG INC [CHGG]
EQUITY
163092109
57,529
2.93
168,559.97
0.1
PROASSURANCE CORP [PRA]
EQUITY
74267C106
14,347
11.51
165,133.97
0.1
ALKAMI TECHNOLOGY INC [ALKT]
EQUITY
01644J108
5,421
30.39
164,744.19
0.1
RESOURCES CONNECTION INC [RGP]
EQUITY
76122Q105
15,595
10.25
159,848.75
0.1
LIMBACH HOLDINGS INC [LMB]
EQUITY
53263P105
2,574
62.00
159,588.00
0.1
A10 NETWORKS INC [ATEN]
EQUITY
002121101
11,048
13.67
151,026.16
0.1
ALTA EQUIPMENT GROUP INC [ALTG]
EQUITY
02128L106
15,766
8.83
139,213.78
0.1
SPIRIT AIRLINES INC [SAVE]
EQUITY
848577102
44,290
3.08
136,413.20
0.1
UDEMY INC [UDMY]
EQUITY
902685106
15,852
8.28
131,254.56
0.1
HEALTHSTREAM INC [HSTM]
EQUITY
42222N103
4,345
28.39
123,354.55
0.1
AMC NETWORKS INC-A [AMCX]
EQUITY
00164V103
10,776
10.15
109,376.40
0.1
GRID DYNAMICS HOLDINGS INC [GDYN]
EQUITY
39813G109
10,073
10.70
107,781.10
0.1
COUCHBASE INC [BASE]
EQUITY
22207T101
6,012
17.44
104,849.28
0.1
ZIPRECRUITER INC-A [ZIP]
EQUITY
98980B103
12,087
8.64
104,431.68
0.1
YEXT INC [YEXT]
EQUITY
98585N106
18,618
5.14
95,696.52
0.1
ENFUSION INC - CLASS A [ENFN]
EQUITY
292812104
10,572
8.70
91,976.40
0.1
MITEK SYSTEMS INC [MITK]
EQUITY
606710200
7,794
11.39
88,773.66
0.1
HOMESTREET INC [HMST]
EQUITY
43785V102
6,608
12.51
82,666.08
0.1
TABOOLA.COM LTD [TBLA]
EQUITY
M8744T106
24,927
3.20
79,766.40
0.1
NEWTEKONE INC [NEWT]
EQUITY
652526203
5,540
13.62
75,454.80
0.1
INVESCO S&P SMALLCAP INDUSTR [PSCI]
EQUITY
46138E123
609
123.35
75,120.15
0.1
XPERI INC [XPER]
EQUITY
98423J101
8,523
8.25
70,314.75
0.1
EVENTBRITE INC-CLASS A [EB]
EQUITY
29975E109
15,170
4.53
68,720.10
0.1
BIGCOMMERCE HOLDINGS-SER 1 [BIGC]
EQUITY
08975P108
8,882
7.64
67,858.48
0.1
GOPRO INC-CLASS A [GPRO]
EQUITY
38268T103
40,935
1.64
67,133.40
0.1
HEALTH CATALYST INC [HCAT]
EQUITY
42225T107
9,700
6.36
61,692.00
0.0
IROBOT CORP [IRBT]
EQUITY
462726100
6,177
8.88
54,851.76
0.0
ADTRAN HOLDINGS INC [ADTN]
EQUITY
00486H105
9,704
5.50
53,372.00
0.0
DOMO INC - CLASS B [DOMO]
EQUITY
257554105
6,208
7.41
46,001.28
0.0
SEMRUSH HOLDINGS INC-A [SEMR]
EQUITY
81686C104
3,292
13.50
44,442.00
0.0
VERA BRADLEY INC [VRA]
EQUITY
92335C106
6,674
6.49
43,314.26
0.0
RE/MAX HOLDINGS INC-CL A [RMAX]
EQUITY
75524W108
3,824
8.58
32,809.92
0.0
MULTIPLAN CORP [MPLN]
EQUITY
62548M100
64,073
0.369
23,623.72
0.0
Total
--
--
--
--
--
125,412
100.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
-0.1
Total Net Assets
--
--
--
--
--
--
100%

As of 6/30/2024

Human Capital Factor US Small Cap ETF (HAPS)

Human Capital Factor Small Cap Index

-

Industrials

HAPS: 17.2%

Benchmark: 17.3%

-

Health Care

HAPS: 16.2%

Benchmark: 16.2%

-

Financials

HAPS: 15.1%

Benchmark: 15.1%

-

Information Technology

HAPS: 14.7%

Benchmark: 14.8%

-

Consumer Discretionary

HAPS: 13.2%

Benchmark: 13.2%

-

Real Estate

HAPS: 7.6%

Benchmark: 7.7%

-

Energy

HAPS: 4.9%

Benchmark: 4.9%

-

Materials

HAPS: 3.6%

Benchmark: 3.6%

-

Communication Services

HAPS: 2.6%

Benchmark: 2.6%

-

Utilities

HAPS: 2.5%

Benchmark: 2.5%

-

Consumer Staples

HAPS: 2.1%

Benchmark: 2.1%

-

Cash

HAPS: 0.1%

Benchmark: NaN%

HAPS: Human Capital Factor US Small Cap ETF

Benchmark: Human Capital Factor Small Cap 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 Factor Small Cap 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 200 small cap 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.

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.

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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. 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. The Fund’s assets may be concentrated in a particular sector, industry or group of industries to the extent the Index is so concentrated and could subject the Fund to the risk that economic, political or other conditions that have a negative effect on the Fund. There can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees may determine to liquidate the Fund.

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

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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.