Harbor Human Capital Factor US Small Cap ETF (HAPS)
Linking strong corporate culture and potential equity value in the small cap arena.
Locate Your Harbor Consultant
INSTITUTIONAL INVESTORS ONLY: Please enter your zip code to locate an Investment Consultant.
Welcome
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.
Overview
Investment Team
As of 9/29/2023
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”).
"Of all the investments companies make, creating a strong corporate culture is one of the best ways to create value. This is why employee behavior and motivation can be such an important element of stock market performance."
Dan Ariely
Behavioral Economist, Co-Founder, Irrational Capital
Performance
Fund Name
3 Mo.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Human Capital Factor US Small Cap ETF
-6.56%
-1.46%
0.64%
0.64%
Fund Market Price
-6.60%
-1.50%
--
--
Human Capital Factor Small Cap Index
-6.41%
-1.21%
--
--
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.
Distribution History
Sorry, there is no data available for this fund
Holdings
Full Holdings
As of 9/29/2023
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
AFFIRM HOLDINGS INC [AFRM]
EQUITY
00827B106
150,621
21.27
3,203,708.67
2.9
ASBURY AUTOMOTIVE GROUP [ABG]
EQUITY
043436104
10,442
230.07
2,402,390.94
2.2
EVERCORE INC - A [EVR]
EQUITY
29977A105
17,359
137.88
2,393,458.92
2.2
H.B. FULLER CO. [FUL]
EQUITY
359694106
33,543
68.61
2,301,385.23
2.1
INSPERITY INC [NSP]
EQUITY
45778Q107
23,332
97.60
2,277,203.20
2.1
APPLE HOSPITALITY REIT INC [APLE]
EQUITY
03784Y200
132,784
15.34
2,036,906.56
1.8
BRIGHTHOUSE FINANCIAL INC [BHF]
EQUITY
10922N103
39,829
48.94
1,949,231.26
1.8
PATTERSON-UTI ENERGY INC [PTEN]
EQUITY
703481101
140,750
13.84
1,947,980.00
1.8
EVOLENT HEALTH INC - A [EVH]
EQUITY
30050B101
68,656
27.23
1,869,502.88
1.7
PROGYNY INC [PGNY]
EQUITY
74340E103
53,752
34.02
1,828,643.04
1.7
PHYSICIANS REALTY TRUST [DOC]
EQUITY
71943U104
146,526
12.19
1,786,151.94
1.6
BLUEPRINT MEDICINES CORP [BPMC]
EQUITY
09627Y109
32,484
50.22
1,631,346.48
1.5
GLAUKOS CORP [GKOS]
EQUITY
377322102
20,384
75.25
1,533,896.00
1.4
GMS INC [GMS]
EQUITY
36251C103
23,258
63.97
1,487,814.26
1.4
SITE CENTERS CORP [SITC]
EQUITY
82981J109
115,759
12.33
1,427,308.47
1.3
KOSMOS ENERGY LTD [KOS]
EQUITY
500688106
170,631
8.18
1,395,761.58
1.3
WALKER & DUNLOP INC [WD]
EQUITY
93148P102
17,978
74.24
1,334,686.72
1.2
PERMIAN RESOURCES CORP [PR]
EQUITY
71424F105
86,645
13.96
1,209,564.20
1.1
HURON CONSULTING GROUP INC [HURN]
EQUITY
447462102
11,537
104.16
1,201,693.92
1.1
ULTRAGENYX PHARMACEUTICAL IN [RARE]
EQUITY
90400D108
31,882
35.65
1,136,593.30
1.0
GENTHERM INC [THRM]
EQUITY
37253A103
20,908
54.26
1,134,468.08
1.0
TPG INC [TPG]
EQUITY
872657101
37,623
30.12
1,133,204.76
1.0
SEACOAST BANKING CORP/FL [SBCF]
EQUITY
811707801
50,987
21.96
1,119,674.52
1.0
CORE & MAIN INC-CLASS A [CNM]
EQUITY
21874C102
38,065
28.85
1,098,175.25
1.0
LAUREATE EDUCATION INC [LAUR]
EQUITY
518613203
77,312
14.10
1,090,099.20
1.0
DENALI THERAPEUTICS INC [DNLI]
EQUITY
24823R105
52,279
20.63
1,078,515.77
1.0
PGT INNOVATIONS INC [PGTI]
EQUITY
69336V101
38,214
27.75
1,060,438.50
1.0
PRICESMART INC [PSMT]
EQUITY
741511109
14,247
74.43
1,060,404.21
1.0
PJT PARTNERS INC - A [PJT]
EQUITY
69343T107
13,223
79.44
1,050,435.12
1.0
ARCHROCK INC [AROC]
EQUITY
03957W106
81,109
12.60
1,021,973.40
0.9
STRIDE INC [LRN]
EQUITY
86333M108
22,016
45.03
991,380.48
0.9
CONFLUENT INC-CLASS A [CFLT]
EQUITY
20717M103
33,193
29.61
982,844.73
0.9
CIMPRESS PLC [CMPR]
EQUITY
G2143T103
13,771
70.01
964,107.71
0.9
INVENTRUST PROPERTIES CORP [IVT]
EQUITY
46124J201
40,399
23.81
961,900.19
0.9
ATRICURE INC [ATRC]
EQUITY
04963C209
20,936
43.80
916,996.80
0.8
ELF BEAUTY INC [ELF]
EQUITY
26856L103
8,100
109.83
889,623.00
0.8
WORTHINGTON INDUSTRIES [WOR]
EQUITY
981811102
14,333
61.82
886,066.06
0.8
WORKIVA INC [WK]
EQUITY
98139A105
8,673
101.34
878,921.82
0.8
STEPSTONE GROUP INC-CLASS A [STEP]
EQUITY
85914M107
26,810
31.58
846,659.80
0.8
WILEY (JOHN) & SONS-CLASS A [WLY]
EQUITY
968223206
22,568
37.17
838,852.56
0.8
MERITAGE HOMES CORP [MTH]
EQUITY
59001A102
6,808
122.39
833,231.12
0.8
BRINKER INTERNATIONAL INC [EAT]
EQUITY
109641100
26,065
31.59
823,393.35
0.7
TAYLOR MORRISON HOME CORP [TMHC]
EQUITY
87724P106
19,171
42.61
816,876.31
0.7
PAYONEER GLOBAL INC [PAYO]
EQUITY
70451X104
131,648
6.12
805,685.76
0.7
NABORS INDUSTRIES LTD [NBR]
EQUITY
G6359F137
6,416
123.14
790,066.24
0.7
CITY HOLDING CO [CHCO]
EQUITY
177835105
8,662
90.35
782,611.70
0.7
KFORCE INC [KFRC]
EQUITY
493732101
13,038
59.66
777,847.08
0.7
GETTY REALTY CORP [GTY]
EQUITY
374297109
27,984
27.73
775,996.32
0.7
EXP WORLD HOLDINGS INC [EXPI]
EQUITY
30212W100
46,999
16.24
763,263.76
0.7
STEPAN CO [SCL]
EQUITY
858586100
10,099
74.97
757,122.03
0.7
PALOMAR HOLDINGS INC [PLMR]
EQUITY
69753M105
14,811
50.75
751,658.25
0.7
BEAM THERAPEUTICS INC [BEAM]
EQUITY
07373V105
30,913
24.05
743,457.65
0.7
ONE GAS INC [OGS]
EQUITY
68235P108
10,584
68.28
722,675.52
0.7
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
34,773
20.58
715,628.34
0.6
TRONOX HOLDINGS PLC [TROX]
EQUITY
G9087Q102
52,493
13.44
705,505.92
0.6
KB HOME [KBH]
EQUITY
48666K109
14,996
46.28
694,014.88
0.6
ALTAIR ENGINEERING INC - A [ALTR]
EQUITY
021369103
11,079
62.56
693,102.24
0.6
TANDEM DIABETES CARE INC [TNDM]
EQUITY
875372203
32,974
20.77
684,869.98
0.6
CHEGG INC [CHGG]
EQUITY
163092109
75,529
8.92
673,718.68
0.6
TALOS ENERGY INC [TALO]
EQUITY
87484T108
40,950
16.44
673,218.00
0.6
DOUBLEVERIFY HOLDINGS INC [DV]
EQUITY
25862V105
23,658
27.95
661,241.10
0.6
PTC THERAPEUTICS INC [PTCT]
EQUITY
69366J200
29,311
22.41
656,859.51
0.6
UPWORK INC [UPWK]
EQUITY
91688F104
57,533
11.36
653,574.88
0.6
APPFOLIO INC - A [APPF]
EQUITY
03783C100
3,575
182.63
652,902.25
0.6
BLACK HILLS CORP [BKH]
EQUITY
092113109
12,870
50.59
651,093.30
0.6
DOXIMITY INC-CLASS A [DOCS]
EQUITY
26622P107
29,808
21.22
632,525.76
0.6
BIOHAVEN LTD [BHVN]
EQUITY
--
G1110E107
24,002
26.01
624,292.02
0.6
BOX INC - CLASS A [BOX]
EQUITY
10316T104
25,502
24.21
617,403.42
0.6
FLYWIRE CORP-VOTING [FLYW]
EQUITY
302492103
18,827
31.89
600,393.03
0.5
HELEN OF TROY LTD [HELE]
EQUITY
G4388N106
5,008
116.56
583,732.48
0.5
STEELCASE INC-CL A [SCS]
EQUITY
858155203
51,703
11.17
577,522.51
0.5
RPT REALTY [RPT]
EQUITY
74971D101
54,343
10.56
573,862.08
0.5
GOGO INC [GOGO]
EQUITY
38046C109
47,488
11.93
566,531.84
0.5
SAMSARA INC-CL A [IOT]
EQUITY
79589L106
22,311
25.21
562,460.31
0.5
LIVE OAK BANCSHARES INC [LOB]
EQUITY
53803X105
19,424
28.95
562,324.80
0.5
ARGO GROUP INTERNATIONAL [ARGO]
EQUITY
G0464B107
18,836
29.84
562,066.24
0.5
INVESCO S&P SMALLCAP INDUSTR [PSCI]
EQUITY
46138E123
5,559
99.46
552,898.14
0.5
VERITEX HOLDINGS INC [VBTX]
EQUITY
923451108
30,784
17.95
552,572.80
0.5
VARONIS SYSTEMS INC [VRNS]
EQUITY
922280102
18,010
30.54
550,025.40
0.5
CALIX INC [CALX]
EQUITY
13100M509
11,529
45.84
528,489.36
0.5
TWIST BIOSCIENCE CORP [TWST]
EQUITY
90184D100
25,897
20.26
524,673.22
0.5
BRISTOW GROUP INC [VTOL]
EQUITY
11040G103
18,301
28.17
515,539.17
0.5
SPROUT SOCIAL INC - CLASS A [SPT]
EQUITY
85209W109
10,334
49.88
515,459.92
0.5
ORIGIN BANCORP INC [OBK]
EQUITY
68621T102
16,339
28.87
471,706.93
0.4
REVANCE THERAPEUTICS INC [RVNC]
EQUITY
761330109
40,999
11.47
470,258.53
0.4
EXTREME NETWORKS INC [EXTR]
EQUITY
30226D106
18,870
24.21
456,842.70
0.4
HAWAIIAN ELECTRIC INDS [HE]
EQUITY
419870100
36,398
12.31
448,059.38
0.4
RYERSON HOLDING CORP [RYI]
EQUITY
783754104
15,123
29.09
439,928.07
0.4
RAPID7 INC [RPD]
EQUITY
753422104
9,421
45.78
431,293.38
0.4
FARFETCH LTD-CLASS A [FTCH]
EQUITY
30744W107
205,134
2.09
428,730.06
0.4
SCHRODINGER INC [SDGR]
EQUITY
80810D103
15,049
28.27
425,435.23
0.4
M/I HOMES INC [MHO]
EQUITY
55305B101
4,968
84.04
417,510.72
0.4
BRAZE INC-A [BRZE]
EQUITY
10576N102
8,841
46.73
413,139.93
0.4
CRA INTERNATIONAL INC [CRAI]
EQUITY
12618T105
4,096
100.76
412,712.96
0.4
FRESHWORKS INC-CL A [FRSH]
EQUITY
358054104
20,541
19.92
409,176.72
0.4
SPARTANNASH CO [SPTN]
EQUITY
847215100
18,568
22.00
408,496.00
0.4
HIMS & HERS HEALTH INC [HIMS]
EQUITY
433000106
64,936
6.29
408,447.44
0.4
PROGRESS SOFTWARE CORP [PRGS]
EQUITY
743312100
7,708
52.58
405,286.64
0.4
LGI HOMES INC [LGIH]
EQUITY
50187T106
3,927
99.49
390,697.23
0.4
PIEDMONT LITHIUM INC [PLL]
EQUITY
72016P105
9,706
39.70
385,328.20
0.3
NCINO INC [NCNO]
EQUITY
63947X101
11,960
31.80
380,328.00
0.3
FASTLY INC - CLASS A [FSLY]
EQUITY
31188V100
19,800
19.17
379,566.00
0.3
PAGERDUTY INC [PD]
EQUITY
69553P100
16,750
22.49
376,707.50
0.3
ADAPTHEALTH CORP [AHCO]
EQUITY
00653Q102
40,214
9.10
365,947.40
0.3
COURSERA INC [COUR]
EQUITY
22266M104
19,187
18.69
358,605.03
0.3
EDGEWELL PERSONAL CARE CO [EPC]
EQUITY
28035Q102
9,563
36.96
353,448.48
0.3
RELAY THERAPEUTICS INC [RLAY]
EQUITY
75943R102
41,192
8.41
346,424.72
0.3
KOPPERS HOLDINGS INC [KOP]
EQUITY
50060P106
8,706
39.55
344,322.30
0.3
SONOS INC [SONO]
EQUITY
83570H108
26,397
12.91
340,785.27
0.3
CARGURUS INC [CARG]
EQUITY
141788109
19,294
17.52
338,030.88
0.3
WINNEBAGO INDUSTRIES [WGO]
EQUITY
974637100
5,651
59.45
335,951.95
0.3
THOUGHTWORKS HOLDING INC [TWKS]
EQUITY
88546E105
82,229
4.08
335,494.32
0.3
SJW GROUP [SJW]
EQUITY
784305104
5,388
60.11
323,872.68
0.3
SUNCOKE ENERGY INC [SXC]
EQUITY
86722A103
31,535
10.15
320,080.25
0.3
DIGITALOCEAN HOLDINGS INC [DOCN]
EQUITY
25402D102
13,174
24.03
316,571.22
0.3
AMERICA'S CAR-MART INC [CRMT]
EQUITY
03062T105
3,431
90.99
312,186.69
0.3
STONERIDGE INC [SRI]
EQUITY
86183P102
15,549
20.07
312,068.43
0.3
ASANA INC - CL A [ASAN]
EQUITY
04342Y104
16,203
18.31
296,676.93
0.3
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
20,680
13.90
287,452.00
0.3
INVESCO S&P SMALLCAP CONSUME [PSCD]
EQUITY
46138E180
3,364
84.965
285,820.58
0.3
REGENXBIO INC [RGNX]
EQUITY
75901B107
17,288
16.46
284,560.48
0.3
MAGNITE INC [MGNI]
EQUITY
55955D100
37,559
7.54
283,194.86
0.3
ROVER GROUP INC [ROVR]
EQUITY
77936F103
45,141
6.26
282,582.66
0.3
OXFORD INDUSTRIES INC [OXM]
EQUITY
691497309
2,929
96.13
281,564.77
0.3
USANA HEALTH SCIENCES INC [USNA]
EQUITY
90328M107
4,735
58.61
277,518.35
0.3
OUTSET MEDICAL INC [OM]
EQUITY
690145107
25,323
10.88
275,514.24
0.3
INVESCO S&P SMALLCAP FINANCI [PSCF]
EQUITY
46138E156
6,614
41.502
274,491.58
0.2
TEEKAY CORP [TK]
EQUITY
Y8564W103
44,152
6.17
272,417.84
0.2
QUINSTREET INC [QNST]
EQUITY
74874Q100
29,586
8.97
265,386.42
0.2
CSG SYSTEMS INTL INC [CSGS]
EQUITY
126349109
5,169
51.12
264,239.28
0.2
HARMONIC INC [HLIT]
EQUITY
413160102
27,212
9.63
262,051.56
0.2
FISKER INC [FSR]
EQUITY
33813J106
40,172
6.42
257,904.24
0.2
INTAPP INC [INTA]
EQUITY
45827U109
7,320
33.52
245,366.40
0.2
LA-Z-BOY INC [LZB]
EQUITY
505336107
7,909
30.88
244,229.92
0.2
EZCORP INC-CL A [EZPW]
EQUITY
302301106
29,241
8.25
241,238.25
0.2
SUNNOVA ENERGY INTERNATIONAL [NOVA]
EQUITY
86745K104
22,858
10.47
239,323.26
0.2
VIASAT INC [VSAT]
EQUITY
92552V100
12,961
18.46
239,260.06
0.2
NU SKIN ENTERPRISES INC - A [NUS]
EQUITY
67018T105
10,523
21.21
223,192.83
0.2
LEVI STRAUSS & CO- CLASS A [LEVI]
EQUITY
52736R102
16,237
13.58
220,498.46
0.2
FORRESTER RESEARCH INC [FORR]
EQUITY
346563109
7,558
28.90
218,426.20
0.2
CARS.COM INC [CARS]
EQUITY
14575E105
12,751
16.86
214,981.86
0.2
PERELLA WEINBERG PARTNERS [PWP]
EQUITY
71367G102
19,794
10.18
201,502.92
0.2
BLUEGREEN VACATIONS HOLDING [BVH]
EQUITY
096308101
5,484
36.68
201,153.12
0.2
IROBOT CORP [IRBT]
EQUITY
462726100
5,293
37.90
200,604.70
0.2
VITAL FARMS INC [VITL]
EQUITY
92847W103
16,495
11.58
191,012.10
0.2
A10 NETWORKS INC [ATEN]
EQUITY
002121101
12,557
15.03
188,731.71
0.2
LIBERTY LATIN AMERIC-CL A [LILA]
EQUITY
G9001E102
23,052
8.16
188,104.32
0.2
XPONENTIAL FITNESS INC-A [XPOF]
EQUITY
98422X101
11,916
15.50
184,698.00
0.2
INFINERA CORP [INFN]
EQUITY
45667G103
43,029
4.18
179,861.22
0.2
JAMF HOLDING CORP [JAMF]
EQUITY
47074L105
10,055
17.66
177,571.30
0.2
ARLO TECHNOLOGIES INC [ARLO]
EQUITY
04206A101
16,458
10.30
169,517.40
0.2
CASTLE BIOSCIENCES INC [CSTL]
EQUITY
14843C105
9,747
16.89
164,626.83
0.1
DUTCH BROS INC-CLASS A [BROS]
EQUITY
26701L100
6,953
23.25
161,657.25
0.1
DOCGO INC [DCGO]
EQUITY
256086109
28,860
5.33
153,823.80
0.1
UDEMY INC [UDMY]
EQUITY
902685106
16,184
9.50
153,748.00
0.1
TECHTARGET [TTGT]
EQUITY
87874R100
5,059
30.36
153,591.24
0.1
EVENTBRITE INC-CLASS A [EB]
EQUITY
29975E109
15,361
9.86
151,459.46
0.1
23ANDME HOLDING CO -CLASS A [ME]
EQUITY
90138Q108
150,730
0.978
147,368.72
0.1
PLAYAGS INC [AGS]
EQUITY
72814N104
22,601
6.52
147,358.52
0.1
RAYONIER ADVANCED MATERIALS [RYAM]
EQUITY
75508B104
40,598
3.54
143,716.92
0.1
N-ABLE INC [NABL]
EQUITY
62878D100
10,834
12.90
139,758.60
0.1
RE/MAX HOLDINGS INC-CL A [RMAX]
EQUITY
75524W108
10,655
12.94
137,875.70
0.1
BEAZER HOMES USA INC [BZH]
EQUITY
07556Q881
5,363
24.91
133,592.33
0.1
AXOGEN INC [AXGN]
EQUITY
05463X106
24,239
5.00
121,195.00
0.1
AURORA INNOVATION INC [AUR]
EQUITY
051774107
50,750
2.35
119,262.50
0.1
SILVERBOW RESOURCES INC [SBOW]
EQUITY
82836G102
3,214
35.77
114,964.78
0.1
AMPLITUDE INC-CLASS A [AMPL]
EQUITY
03213A104
9,475
11.57
109,625.75
0.1
HEALTH CATALYST INC [HCAT]
EQUITY
42225T107
10,727
10.12
108,557.24
0.1
GRID DYNAMICS HOLDINGS INC [GDYN]
EQUITY
39813G109
8,669
12.18
105,588.42
0.1
AVEPOINT INC [AVPT]
EQUITY
053604104
15,221
6.72
102,285.12
0.1
ZIPRECRUITER INC-A [ZIP]
EQUITY
98980B103
8,513
11.99
102,070.87
0.1
COUCHBASE INC [BASE]
EQUITY
22207T101
5,759
17.16
98,824.44
0.1
TABOOLA.COM LTD [TBLA]
EQUITY
M8744T106
25,600
3.79
97,024.00
0.1
HEALTHSTREAM INC [HSTM]
EQUITY
42222N103
4,470
21.58
96,462.60
0.1
VIMEO INC [VMEO]
EQUITY
92719V100
26,343
3.54
93,254.22
0.1
CULLINAN ONCOLOGY INC [CGEM]
EQUITY
230031106
10,266
9.05
92,907.30
0.1
GOODRX HOLDINGS INC-CLASS A [GDRX]
EQUITY
38246G108
14,995
5.63
84,421.85
0.1
PLANET LABS PBC [PL]
EQUITY
72703X106
30,662
2.60
79,721.20
0.1
GOPRO INC-CLASS A [GPRO]
EQUITY
38268T103
24,060
3.14
75,548.40
0.1
DEFINITIVE HEALTHCARE CORP [DH]
EQUITY
24477E103
8,277
7.99
66,133.23
0.1
ATARA BIOTHERAPEUTICS INC [ATRA]
EQUITY
046513107
44,621
1.48
66,039.08
0.1
SHARECARE INC [SHCR]
EQUITY
81948W104
68,992
0.94
64,880.08
0.1
DOMO INC - CLASS B [DOMO]
EQUITY
257554105
5,524
9.81
54,190.44
0.0
BANDWIDTH INC-CLASS A [BAND]
EQUITY
05988J103
4,623
11.27
52,101.21
0.0
NEXTDOOR HOLDINGS INC [KIND]
EQUITY
65345M108
26,290
1.82
47,847.80
0.0
MERSANA THERAPEUTICS INC [MRSN]
EQUITY
59045L106
37,062
1.27
47,068.74
0.0
TUCOWS INC-CLASS A [TCX]
EQUITY
898697206
2,152
20.41
43,922.32
0.0
SEMRUSH HOLDINGS INC-A [SEMR]
EQUITY
81686C104
4,125
8.50
35,062.50
0.0
EXPENSIFY INC - A [EXFY]
EQUITY
30219Q106
10,327
3.25
33,562.75
0.0
WEWORK INC-CL A [WE]
EQUITY
96209A401
10,520
3.01
31,665.20
0.0
NEKTAR THERAPEUTICS [NKTR]
EQUITY
640268108
49,769
0.596
29,642.42
0.0
VERA BRADLEY INC [VRA]
EQUITY
92335C106
4,130
6.61
27,299.30
0.0
Total
--
--
--
--
--
109,996
99.8
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.2
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
As of 8/31/2023
Human Capital Factor US Small Cap ETF (HAPS)
Human Capital Factor Small Cap Index
Health Care
HAPS: 17.6%
Benchmark: 17.6%
Financials
HAPS: 17.0%
Benchmark: 16.9%
Consumer Discretionary
HAPS: 14.5%
Benchmark: 14.4%
Information Technology
HAPS: 12.4%
Benchmark: 12.4%
Industrials
HAPS: 9.9%
Benchmark: 9.9%
Real Estate
HAPS: 7.8%
Benchmark: 7.8%
Energy
HAPS: 6.7%
Benchmark: 6.7%
Materials
HAPS: 5.8%
Benchmark: 5.8%
Consumer Staples
HAPS: 3.2%
Benchmark: 3.3%
Communication Services
HAPS: 3.0%
Benchmark: 3.0%
Utilities
HAPS: 2.3%
Benchmark: 2.3%
HAPS: Human Capital Factor US Small Cap ETF
Benchmark: Human Capital Factor Small Cap Index
Investment Team
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
Name
Date
Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
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.