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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 6/11/2024

$26.78

Price (NAV)

-$0.09

NAV Daily Change ($)

-0.33%

NAV Daily Change (%)

-4.97%

NAV YTD Return

$26.80

Market Price

-$0.07

Market Daily Change ($)

-0.26%

Market Daily Change (%)

-4.93%

Market YTD Return

Fund Facts

As of 6/11/2024

4/12/2023

Inception Date

0.60

Expense Ratio (%)
disclaimer

$121.845

Total Net Assets (million)

4,550,000

Shares Outstanding
(As of 6/12/2024)

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

239,308

Implied Liquidity™ (Shares)
disclaimer

$6,430,484.51

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 6/11/2024

$26.81

Bid/Ask Mid Price

$26.80

Closing Market Price

$0.03

Premium/Discount ($)

0.10%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

YTD

Days Traded at a Premium87422264
Days Traded at a Discount94182947

0.22%

30-Day Median Bid/Ask Spread

--

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

Since Inception

Net Expense Ratio

Gross Expense Ratio

Human Capital Factor US Small Cap ETF - at NAV
0.28%
0.28%
14.90%
0.60%disclaimer
0.60%
Market Price
-0.32%
-0.32%
14.24%
--
--
Human Capital Factor Small Cap Index
0.51%
0.51%
15.67%
--
--
Russell 2000® Index
5.18%
5.18%
21.62%
--
--

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 4/30/2024

197

Number of Holdings

3195.1

Wtd Avg Market Cap ($Mil)

2.73

Price/Book Ratio

18.4

Adjusted Trailing P/E Ratio

26.2

% EPS Growth - Past 3 Yr

8.9

Return on Equity (%)

17.1

Forecasted P/E Ratio

Top Ten Holdings

As of 6/11/2024

Company Name [Ticker]

% of Net Assets

BLUEPRINT MEDICINES CORP[BPMC]
2.1
ARMSTRONG WORLD INDUSTRIES[AWI]
2.0
PHILLIPS EDISON & COMPANY IN[PECO]
2.0
AVNET INC[AVT]
2.0
MOOG INC-CLASS A[MOG/A]
1.9
CABOT CORP[CBT]
1.8
APPLE HOSPITALITY REIT INC[APLE]
1.7
KOSMOS ENERGY LTD[KOS]
1.6
GRAND CANYON EDUCATION INC[LOPE]
1.6
NATIONAL STORAGE AFFILIATES[NSA]
1.5
% of Total Holdings:
18.2%

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

BLUEPRINT MEDICINES CORP [BPMC]
EQUITY
09627Y109
23,891
105.395
2,517,991.95
2.1
ARMSTRONG WORLD INDUSTRIES [AWI]
EQUITY
04247X102
21,447
114.07
2,446,459.29
2.0
PHILLIPS EDISON & COMPANY IN [PECO]
EQUITY
71844V201
77,408
31.40
2,430,611.20
2.0
AVNET INC [AVT]
EQUITY
053807103
45,467
53.45
2,430,211.15
2.0
MOOG INC-CLASS A [MOG/A]
EQUITY
615394202
13,807
164.11
2,265,866.77
1.9
CABOT CORP [CBT]
EQUITY
127055101
22,512
99.20
2,233,190.40
1.8
APPLE HOSPITALITY REIT INC [APLE]
EQUITY
03784Y200
148,206
14.32
2,122,309.92
1.7
KOSMOS ENERGY LTD [KOS]
EQUITY
500688106
343,586
5.66
1,944,696.76
1.6
GRAND CANYON EDUCATION INC [LOPE]
EQUITY
38526M106
13,678
138.77
1,898,096.06
1.6
NATIONAL STORAGE AFFILIATES [NSA]
EQUITY
637870106
48,116
39.24
1,888,071.84
1.5
LIBERTY ENERGY INC [LBRT]
EQUITY
53115L104
79,106
22.79
1,802,825.74
1.5
PTC THERAPEUTICS INC [PTCT]
EQUITY
69366J200
47,213
37.69
1,779,457.97
1.5
INSPERITY INC [NSP]
EQUITY
45778Q107
18,201
94.25
1,715,444.25
1.4
TEREX CORP [TEX]
EQUITY
880779103
29,946
55.75
1,669,489.50
1.4
TRAVEL + LEISURE CO [TNL]
EQUITY
894164102
36,956
43.89
1,621,998.84
1.3
YETI HOLDINGS INC [YETI]
EQUITY
98585X104
37,991
42.64
1,619,936.24
1.3
AGIOS PHARMACEUTICALS INC [AGIO]
EQUITY
00847X104
32,652
47.51
1,551,296.52
1.3
KB HOME [KBH]
EQUITY
48666K109
22,626
67.54
1,528,160.04
1.3
ONE GAS INC [OGS]
EQUITY
68235P108
24,930
60.75
1,514,497.50
1.2
TRIPADVISOR INC [TRIP]
EQUITY
896945201
79,890
18.36
1,466,780.40
1.2
SPIRE INC [SR]
EQUITY
84857L101
24,095
59.02
1,422,086.90
1.2
RESIDEO TECHNOLOGIES INC [REZI]
EQUITY
76118Y104
70,848
19.85
1,406,332.80
1.2
COPA HOLDINGS SA-CLASS A [CPA]
EQUITY
P31076105
14,497
95.50
1,384,463.50
1.1
RHYTHM PHARMACEUTICALS INC [RYTM]
EQUITY
76243J105
34,505
40.12
1,384,340.60
1.1
BRINKER INTERNATIONAL INC [EAT]
EQUITY
109641100
20,675
66.86
1,382,330.50
1.1
RADIAN GROUP INC [RDN]
EQUITY
750236101
44,951
29.97
1,347,181.47
1.1
NUVALENT INC-A [NUVL]
EQUITY
670703107
16,497
79.05
1,304,087.85
1.1
HAMILTON LANE INC-CLASS A [HLNE]
EQUITY
407497106
10,156
121.73
1,236,289.88
1.0
DELEK US HOLDINGS INC [DK]
EQUITY
24665A103
48,663
24.75
1,204,409.25
1.0
ALBANY INTL CORP-CL A [AIN]
EQUITY
012348108
14,043
83.56
1,173,433.08
1.0
GRANITE CONSTRUCTION INC [GVA]
EQUITY
387328107
19,495
59.85
1,166,775.75
1.0
SURGERY PARTNERS INC [SGRY]
EQUITY
86881A100
46,248
24.89
1,151,112.72
0.9
INVENTRUST PROPERTIES CORP [IVT]
EQUITY
46124J201
47,442
24.16
1,146,198.72
0.9
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
46,148
23.75
1,096,015.00
0.9
ARCELLX INC [ACLX]
EQUITY
03940C100
20,287
54.00
1,095,498.00
0.9
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
30,901
34.57
1,068,247.57
0.9
PRICESMART INC [PSMT]
EQUITY
741511109
13,055
81.69
1,066,462.95
0.9
HERC HOLDINGS INC [HRI]
EQUITY
42704L104
7,878
130.71
1,029,733.38
0.8
AMN HEALTHCARE SERVICES INC [AMN]
EQUITY
001744101
18,709
53.72
1,005,047.48
0.8
PIPER SANDLER COS [PIPR]
EQUITY
724078100
4,936
202.59
999,984.24
0.8
HURON CONSULTING GROUP INC [HURN]
EQUITY
447462102
10,174
97.20
988,912.80
0.8
CIMPRESS PLC [CMPR]
EQUITY
G2143T103
11,326
86.00
974,036.00
0.8
MOELIS & CO - CLASS A [MC]
EQUITY
60786M105
18,093
52.31
946,444.83
0.8
TRONOX HOLDINGS PLC [TROX]
EQUITY
G9087Q102
47,495
19.45
923,777.75
0.8
ALTAIR ENGINEERING INC - A [ALTR]
EQUITY
021369103
9,702
94.47
916,547.94
0.8
LAUREATE EDUCATION INC [LAUR]
EQUITY
518613203
62,602
14.61
914,615.22
0.8
SENSIENT TECHNOLOGIES CORP [SXT]
EQUITY
81725T100
11,739
76.65
899,794.35
0.7
CHEESECAKE FACTORY INC/THE [CAKE]
EQUITY
163072101
22,495
39.13
880,229.35
0.7
BRIGHTHOUSE FINANCIAL INC [BHF]
EQUITY
10922N103
20,669
41.91
866,237.79
0.7
INVESCO S&P SMALLCAP HEALTH [PSCH]
EQUITY
46138E149
20,300
42.45
861,735.00
0.7
JBG SMITH PROPERTIES [JBGS]
EQUITY
46590V100
60,308
14.14
852,755.12
0.7
KURA ONCOLOGY INC [KURA]
EQUITY
50127T109
38,650
21.49
830,588.50
0.7
WALKER & DUNLOP INC [WD]
EQUITY
93148P102
8,985
92.24
828,776.40
0.7
TPG INC [TPG]
EQUITY
872657101
20,315
40.12
815,037.80
0.7
APPFOLIO INC - A [APPF]
EQUITY
03783C100
3,360
234.18
786,844.80
0.6
FIRST HAWAIIAN INC [FHB]
EQUITY
32051X108
37,041
19.77
732,300.57
0.6
COLLEGIUM PHARMACEUTICAL INC [COLL]
EQUITY
19459J104
22,434
32.57
730,675.38
0.6
CENTURY COMMUNITIES INC [CCS]
EQUITY
156504300
8,928
79.83
712,722.24
0.6
POWELL INDUSTRIES INC [POWL]
EQUITY
739128106
4,290
164.62
706,219.80
0.6
STEPSTONE GROUP INC-CLASS A [STEP]
EQUITY
85914M107
15,618
44.67
697,656.06
0.6
IRONWOOD PHARMACEUTICALS INC [IRWD]
EQUITY
46333X108
111,578
6.25
697,362.50
0.6
BOX INC - CLASS A [BOX]
EQUITY
10316T104
25,862
26.72
691,032.64
0.6
TERADATA CORP [TDC]
EQUITY
88076W103
20,441
33.27
680,072.07
0.6
FORMFACTOR INC [FORM]
EQUITY
346375108
12,000
55.24
662,880.00
0.5
ACI WORLDWIDE INC [ACIW]
EQUITY
004498101
19,284
34.35
662,405.40
0.5
ATLAS ENERGY SOLUTIONS INC [AESI]
EQUITY
642045108
31,320
21.08
660,225.60
0.5
WORKIVA INC [WK]
EQUITY
98139A105
8,856
73.50
650,916.00
0.5
UPWORK INC [UPWK]
EQUITY
91688F104
58,961
10.56
622,628.16
0.5
DUTCH BROS INC-CLASS A [BROS]
EQUITY
26701L100
15,527
39.45
612,540.15
0.5
IMPINJ INC [PI]
EQUITY
453204109
4,064
148.55
603,707.20
0.5
SONOS INC [SONO]
EQUITY
83570H108
37,980
15.62
593,247.60
0.5
FLYWIRE CORP-VOTING [FLYW]
EQUITY
302492103
35,923
16.475
591,831.43
0.5
BUCKLE INC/THE [BKE]
EQUITY
118440106
16,300
35.82
583,866.00
0.5
PALOMAR HOLDINGS INC [PLMR]
EQUITY
69753M105
6,955
83.69
582,063.95
0.5
JFROG LTD [FROG]
EQUITY
M6191J100
17,132
33.29
570,324.28
0.5
LGI HOMES INC [LGIH]
EQUITY
50187T106
6,200
91.37
566,494.00
0.5
SILVERBOW RESOURCES INC [SBOW]
EQUITY
82836G102
14,749
38.40
566,361.60
0.5
KFORCE INC [KFRC]
EQUITY
493732101
9,251
60.50
559,685.50
0.5
ALARM.COM HOLDINGS INC [ALRM]
EQUITY
011642105
8,880
62.65
556,332.00
0.5
SPROUT SOCIAL INC - CLASS A [SPT]
EQUITY
85209W109
15,653
34.89
546,133.17
0.4
WAFD INC [WAFD]
EQUITY
938824109
20,542
26.42
542,719.64
0.4
CENTRAL GARDEN AND PET CO-A [CENTA]
EQUITY
153527205
15,537
34.85
541,464.45
0.4
WINNEBAGO INDUSTRIES [WGO]
EQUITY
974637100
9,333
58.00
541,314.00
0.4
FIRST MERCHANTS CORP [FRME]
EQUITY
320817109
17,250
31.12
536,820.00
0.4
SCANSOURCE INC [SCSC]
EQUITY
806037107
11,755
45.46
534,382.30
0.4
OXFORD INDUSTRIES INC [OXM]
EQUITY
691497309
5,103
102.02
520,608.06
0.4
RAPID7 INC [RPD]
EQUITY
753422104
13,559
38.28
519,038.52
0.4
BREAD FINANCIAL HOLDINGS INC [BFH]
EQUITY
018581108
13,378
38.52
515,320.56
0.4
TOWNE BANK [TOWN]
EQUITY
89214P109
19,743
26.08
514,897.44
0.4
CRA INTERNATIONAL INC [CRAI]
EQUITY
12618T105
2,997
171.70
514,584.90
0.4
PRIVIA HEALTH GROUP INC [PRVA]
EQUITY
74276R102
29,828
16.74
499,320.72
0.4
STEELCASE INC-CL A [SCS]
EQUITY
858155203
39,238
12.32
483,412.16
0.4
GLOBALSTAR INC [GSAT]
EQUITY
378973408
428,291
1.12
479,685.92
0.4
TRUSTMARK CORP [TRMK]
EQUITY
898402102
16,882
27.65
466,787.30
0.4
KOPPERS HOLDINGS INC [KOP]
EQUITY
50060P106
10,933
41.17
450,111.61
0.4
WESBANCO INC [WSBC]
EQUITY
950810101
16,859
26.22
442,042.98
0.4
BANNER CORPORATION [BANR]
EQUITY
06652V208
9,722
45.32
440,601.04
0.4
UNDER ARMOUR INC-CLASS A [UAA]
EQUITY
904311107
63,225
6.82
431,194.50
0.4
DOLE PLC [DOLE]
EQUITY
G27907107
33,848
12.19
412,607.12
0.3
PROGRESS SOFTWARE CORP [PRGS]
EQUITY
743312100
8,089
50.47
408,251.83
0.3
CULLINAN THERAPEUTICS INC [CGEM]
EQUITY
230031106
17,415
23.25
404,898.75
0.3
ENTERPRISE FINANCIAL SERVICE [EFSC]
EQUITY
293712105
10,653
37.84
403,109.52
0.3
ALLEGIANT TRAVEL CO [ALGT]
EQUITY
01748X102
7,561
52.98
400,581.78
0.3
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
37,439
10.60
396,853.40
0.3
PATHWARD FINANCIAL INC [CASH]
EQUITY
59100U108
7,390
53.43
394,847.70
0.3
MERCURY GENERAL CORP [MCY]
EQUITY
589400100
7,492
52.60
394,079.20
0.3
SQUARESPACE INC - CLASS A [SQSP]
EQUITY
85225A107
8,827
43.71
385,828.17
0.3
HILLTOP HOLDINGS INC [HTH]
EQUITY
432748101
12,977
29.43
381,913.11
0.3
RYERSON HOLDING CORP [RYI]
EQUITY
783754104
17,567
21.66
380,501.22
0.3
CARGURUS INC [CARG]
EQUITY
141788109
14,437
26.18
377,960.66
0.3
ENVESTNET INC [ENV]
EQUITY
29404K106
6,190
60.62
375,237.80
0.3
TARSUS PHARMACEUTICALS INC [TARS]
EQUITY
87650L103
11,453
32.60
373,367.80
0.3
PEDIATRIX MEDICAL GROUP INC [MD]
EQUITY
58502B106
54,288
6.77
367,529.76
0.3
CALIX INC [CALX]
EQUITY
13100M509
9,870
36.37
358,971.90
0.3
ZETA GLOBAL HOLDINGS CORP-A [ZETA]
EQUITY
98956A105
21,517
16.50
355,030.50
0.3
BRAZE INC-A [BRZE]
EQUITY
10576N102
9,579
36.23
347,047.17
0.3
SPARTANNASH CO [SPTN]
EQUITY
847215100
17,384
19.61
340,900.24
0.3
NELNET INC-CL A [NNI]
EQUITY
64031N108
3,381
99.26
335,598.06
0.3
REGENXBIO INC [RGNX]
EQUITY
75901B107
24,211
13.58
328,785.38
0.3
VIAVI SOLUTIONS INC [VIAV]
EQUITY
925550105
43,582
7.53
328,172.46
0.3
FIRST WATCH RESTAURANT GROUP [FWRG]
EQUITY
33748L101
17,919
18.30
327,917.70
0.3
HAWAIIAN HOLDINGS INC [HA]
EQUITY
419879101
24,356
13.11
319,307.16
0.3
DIGITALOCEAN HOLDINGS INC [DOCN]
EQUITY
25402D102
8,396
37.47
314,598.12
0.3
AURORA INNOVATION INC [AUR]
EQUITY
051774107
130,693
2.40
313,663.20
0.3
EXTREME NETWORKS INC [EXTR]
EQUITY
30226D106
25,458
12.07
307,278.06
0.3
VERITEX HOLDINGS INC [VBTX]
EQUITY
923451108
15,496
19.61
303,876.56
0.2
OPENDOOR TECHNOLOGIES INC [OPEN]
EQUITY
683712103
141,950
2.13
302,353.50
0.2
LIVE OAK BANCSHARES INC [LOB]
EQUITY
53803X105
9,397
31.66
297,509.02
0.2
CASTLE BIOSCIENCES INC [CSTL]
EQUITY
14843C105
13,801
21.55
297,411.55
0.2
VERTEX INC - CLASS A [VERX]
EQUITY
92538J106
8,588
34.41
295,513.08
0.2
USANA HEALTH SCIENCES INC [USNA]
EQUITY
90328M107
6,122
47.16
288,713.52
0.2
IDT CORP-CLASS B [IDT]
EQUITY
448947507
7,617
36.56
278,477.52
0.2
BEAZER HOMES USA INC [BZH]
EQUITY
07556Q881
9,944
27.88
277,238.72
0.2
UPSTART HOLDINGS INC [UPST]
EQUITY
91680M107
11,000
24.32
267,520.00
0.2
SCHRODINGER INC [SDGR]
EQUITY
80810D103
12,392
21.00
260,232.00
0.2
CERTARA INC [CERT]
EQUITY
15687V109
16,947
15.28
258,950.16
0.2
ARLO TECHNOLOGIES INC [ARLO]
EQUITY
04206A101
18,593
13.59
252,678.87
0.2
CSG SYSTEMS INTL INC [CSGS]
EQUITY
126349109
6,164
40.62
250,381.68
0.2
VIASAT INC [VSAT]
EQUITY
92552V100
16,871
14.58
245,979.18
0.2
OCEANFIRST FINANCIAL CORP [OCFC]
EQUITY
675234108
16,760
14.43
241,846.80
0.2
PAR TECHNOLOGY CORP/DEL [PAR]
EQUITY
698884103
5,237
44.64
233,779.68
0.2
POWERSCHOOL HOLDINGS INC-A [PWSC]
EQUITY
73939C106
10,419
22.30
232,343.70
0.2
ORIGIN BANCORP INC [OBK]
EQUITY
68621T102
7,882
29.40
231,730.80
0.2
ASSETMARK FINANCIAL HOLDINGS [AMK]
EQUITY
04546L106
6,688
34.11
228,127.68
0.2
CARS.COM INC [CARS]
EQUITY
14575E105
10,821
20.33
219,990.93
0.2
MODEL N INC [MODN]
EQUITY
607525102
7,207
29.91
215,561.37
0.2
HAVERTY FURNITURE [HVT]
EQUITY
419596101
7,742
26.80
207,485.60
0.2
CHEGG INC [CHGG]
EQUITY
163092109
57,323
3.60
206,362.80
0.2
FRANKLIN COVEY CO [FC]
EQUITY
353469109
5,883
35.05
206,199.15
0.2
MERCHANTS BANCORP/IN [MBIN]
EQUITY
58844R108
4,860
40.35
196,101.00
0.2
EXP WORLD HOLDINGS INC [EXPI]
EQUITY
30212W100
18,491
10.59
195,819.69
0.2
ASANA INC - CL A [ASAN]
EQUITY
04342Y104
14,571
13.30
193,794.30
0.2
INFINERA CORP [INFN]
EQUITY
45667G103
35,829
5.39
193,118.31
0.2
PROASSURANCE CORP [PRA]
EQUITY
74267C106
14,293
12.93
184,808.49
0.2
BYLINE BANCORP INC [BY]
EQUITY
124411109
8,301
22.25
184,697.25
0.2
INVESCO S&P SMALLCAP FINANCI [PSCF]
EQUITY
46138E156
3,997
45.878
183,375.17
0.2
INTAPP INC [INTA]
EQUITY
45827U109
5,146
35.52
182,785.92
0.2
AMC NETWORKS INC-A [AMCX]
EQUITY
00164V103
10,738
16.95
182,009.10
0.1
PLAYAGS INC [AGS]
EQUITY
72814N104
14,935
11.55
172,499.25
0.1
COURSERA INC [COUR]
EQUITY
22266M104
23,681
7.13
168,845.53
0.1
N-ABLE INC [NABL]
EQUITY
62878D100
11,707
14.35
167,995.45
0.1
RESOURCES CONNECTION INC [RGP]
EQUITY
76122Q105
15,538
10.76
167,188.88
0.1
VERVE THERAPEUTICS INC [VERV]
EQUITY
92539P101
29,851
5.33
159,105.83
0.1
A10 NETWORKS INC [ATEN]
EQUITY
002121101
11,007
14.28
157,179.96
0.1
SPIRIT AIRLINES INC [SAVE]
EQUITY
848577102
44,134
3.45
152,262.30
0.1
LIMBACH HOLDINGS INC [LMB]
EQUITY
53263P105
2,564
56.99
146,122.36
0.1
ALKAMI TECHNOLOGY INC [ALKT]
EQUITY
01644J108
5,399
26.87
145,071.13
0.1
ALTA EQUIPMENT GROUP INC [ALTG]
EQUITY
02128L106
15,705
8.80
138,204.00
0.1
UDEMY INC [UDMY]
EQUITY
902685106
15,792
8.73
137,864.16
0.1
HEALTHSTREAM INC [HSTM]
EQUITY
42222N103
4,326
27.98
121,041.48
0.1
ZIPRECRUITER INC-A [ZIP]
EQUITY
98980B103
12,044
9.53
114,779.32
0.1
COUCHBASE INC [BASE]
EQUITY
22207T101
5,991
17.93
107,418.63
0.1
GRID DYNAMICS HOLDINGS INC [GDYN]
EQUITY
39813G109
10,036
9.77
98,051.72
0.1
YEXT INC [YEXT]
EQUITY
98585N106
18,551
5.03
93,311.53
0.1
TABOOLA.COM LTD [TBLA]
EQUITY
M8744T106
24,836
3.73
92,638.28
0.1
ENFUSION INC - CLASS A [ENFN]
EQUITY
292812104
10,534
8.56
90,171.04
0.1
MITEK SYSTEMS INC [MITK]
EQUITY
606710200
7,763
11.41
88,575.83
0.1
EVENTBRITE INC-CLASS A [EB]
EQUITY
29975E109
15,116
5.14
77,696.24
0.1
INVESCO S&P SMALLCAP INDUSTR [PSCI]
EQUITY
46138E123
605
120.33
72,799.65
0.1
NEWTEKONE INC [NEWT]
EQUITY
652526203
5,519
13.04
71,967.76
0.1
BIGCOMMERCE HOLDINGS-SER 1 [BIGC]
EQUITY
08975P108
8,848
8.07
71,403.36
0.1
GOPRO INC-CLASS A [GPRO]
EQUITY
38268T103
40,789
1.64
66,893.96
0.1
XPERI INC [XPER]
EQUITY
98423J101
8,490
7.81
66,306.90
0.1
HEALTH CATALYST INC [HCAT]
EQUITY
42225T107
9,665
6.54
63,209.10
0.1
IROBOT CORP [IRBT]
EQUITY
462726100
6,151
9.67
59,480.17
0.0
HOMESTREET INC [HMST]
EQUITY
43785V102
6,584
8.15
53,659.60
0.0
VERA BRADLEY INC [VRA]
EQUITY
92335C106
6,648
7.75
51,522.00
0.0
ADTRAN HOLDINGS INC [ADTN]
EQUITY
00486H105
9,669
5.12
49,505.28
0.0
SEMRUSH HOLDINGS INC-A [SEMR]
EQUITY
81686C104
3,280
14.68
48,150.40
0.0
DOMO INC - CLASS B [DOMO]
EQUITY
257554105
6,186
6.80
42,064.80
0.0
RE/MAX HOLDINGS INC-CL A [RMAX]
EQUITY
75524W108
3,807
8.16
31,065.12
0.0
MULTIPLAN CORP [MPLN]
EQUITY
62548M100
63,846
0.462
29,503.24
0.0
Total
--
--
--
--
--
121,623
99.9
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.1
Total Net Assets
--
--
--
--
--
--
100%

As of 5/31/2024

Human Capital Factor US Small Cap ETF (HAPS)

Human Capital Factor Small Cap Index

-

Industrials

HAPS: 17.5%

Benchmark: 17.5%

-

Health Care

HAPS: 16.1%

Benchmark: 16.1%

-

Financials

HAPS: 14.7%

Benchmark: 14.7%

-

Information Technology

HAPS: 14.3%

Benchmark: 14.3%

-

Consumer Discretionary

HAPS: 13.3%

Benchmark: 13.4%

-

Real Estate

HAPS: 7.2%

Benchmark: 7.2%

-

Energy

HAPS: 5.4%

Benchmark: 5.4%

-

Materials

HAPS: 4.1%

Benchmark: 4.1%

-

Communication Services

HAPS: 2.7%

Benchmark: 2.7%

-

Utilities

HAPS: 2.4%

Benchmark: 2.4%

-

Consumer Staples

HAPS: 2.2%

Benchmark: 2.2%

-

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.