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Harbor Commodity All-Weather Strategy ETF (HGER)

Access a specialized and dynamic portfolio for your strategic allocation to commodities

Harbor Commodity All-Weather Strategy ETF (HGER)

Access a specialized and dynamic portfolio for your strategic allocation to commodities

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Why HGER?

1. Are you seeking an alternative and diversifying approach to your well-balanced portfolio? Consider Quantix and HGER with its active weighting mechanisms that aims to take advantage of market inefficiencies. HGER has the potential to serve as a strategic cornerstone within a diversified portfolio and cost-effective alternative for the everyday portfolio seeking to enhance overall risk and returns.

2. Consider HGER for its active weighting mechanisms which are used in an effort to exploit the structural inefficiencies of the Bloomberg Commodity Index (BCOM) and help provide a hedge against inflation.

3. In the world of investing, you can’t be an expert at everything. At Quantix, commodities investing is the name of the game. The firm specializes exclusively in quantitative commodities investing. A team of professionals possess the skills and flexibility to select holdings believed to have the most appealing risk/reward characteristics.

Objective

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Commodity Index (the “Index”).

Investment Approach

The Harbor All-Weather Commodity Strategy ETF (HGER) seeks to closely correspond to the Quantix Commodity Index (QCI). This product affords access to a specialized and dynamic commodities strategy specifically designed to help hedge inflation across different market environments by closely corresponding to the Quantix Commodity Index.

Related Products to Consider

Overview

Investment Team
Management Team Logo

Current Price

As of 10/4/2024

$23.12

Price (NAV)

$0.05

NAV Daily Change ($)

0.22%

NAV Daily Change (%)

10.67%

NAV YTD Return

3.63%

Current 30-Day Sub. SEC Yield
disclaimer

3.63%

Current 30-Day Unsub. SEC Yield
disclaimer

3.69%

Effective 30-Day Sub. SEC Yield
disclaimer

3.69%

Effective 30-Day Unsub. SEC Yield
disclaimer

Fund Facts

As of 10/4/2024

2/9/2022

Inception Date

0.68

Expense Ratio (%)
disclaimer

$215.589

Total Net Assets (million)

9,325,000

Shares Outstanding
(As of 10/7/2024)

HGER

Ticker

41151J505

Cusip

NYSE

Exchange

US41151J5056

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Commodities Broad Basket

Morningstar Category

Quantix Commodity Index (QCITR)

Benchmark

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Commodity Index.

Pricing/Trading

As of 10/3/2024

$23.15

Bid/Ask Mid Price

$23.14

Closing Market Price

$0.07

Premium/Discount ($)

0.31%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

YTD

Days Traded at a Premium1964039452126
Days Traded at a Discount54202419164

0.13%

30-Day Median Bid/Ask Spread

110,069

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

A Strategy Specifically Designed for Hedging Inflation

Quantix Commodities LP

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Commodity All-Weather Strategy ETF - at NAV
0.49%
8.23%
5.66%
7.83%
0.68%disclaimer
0.68%
Market Price
0.49%
7.93%
5.55%
7.80%
--
--
Quantix Commodity Total Return Index
0.66%
8.56%
6.25%
9.18%
--
--
Bloomberg Commodity Index Total Return(SM)
0.68%
5.86%
0.96%
0.84%
--
--

Performance data shown represents past performance and is no guarantee of future results. 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 Quantix Commodity Total Return Index is calculated on a total return basis, which combines the returns of the futures contracts with the returns on cash collateral invested in 13-week U.S. Treasury Bills. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Quantix Commodity Index was developed by Quantix Commodities LP and is owned by Quantix Commodities Indices LLC.

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
1.51707
--
--
1.51707
12/21/2022
12/22/2022
12/27/2022
0.13994
--
--
0.13994

Holdings

Portfolio Characteristics

Sorry, there is no data available for this section

Top Ten Holdings

As of 10/3/2024

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

4367525 TRS USD R E MQCP332E TRS ON QII INDEX
--
0.0
212,190
53.1
TREASURY BILL
12/19/2024
0.0
89,223
22.3
TREASURY BILL
10/24/2024
0.0
79,248
19.8
TREASURY BILL
10/22/2024
0.0
10,097
2.5
TREASURY BILL
1/28/2025
0.0
7,002
1.8
TREASURY BILL
12/19/2024
0.0
5,005
1.3
4383591 TRS USD R E MQCP332E TRS ON QII INDEX
--
0.0
2,883
0.7
4383591 TRS USD P F MQCP332E TRS ON QII INDEX
11/1/2024
0.1
-2,854
-0.7
4367525 TRS USD P F MQCP332E TRS ON QII INDEX
11/1/2024
0.1
-207,967
-52.0
% of Total Holdings:
--
--
--
48.8%

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

As of 10/3/2024

Company Name

Category Name

Cusip

Shares

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

4367525 TRS USD R E MQCP332E TRS ON QII INDEX
SWAP
99S256SF7
1,205,997
--
0.0
212,190
53.1
TREASURY BILL
FIXED INCOME
912797LQ8
90,076,000
12/19/2024
0.0
89,223
22.3
TREASURY BILL
FIXED INCOME
912797KV8
79,457,000
10/24/2024
0.0
79,248
19.8
TREASURY BILL
FIXED INCOME
912797LU9
10,121,000
10/22/2024
0.0
10,097
2.5
TREASURY BILL
FIXED INCOME
912797MZ7
7,103,000
1/28/2025
0.0
7,002
1.8
TREASURY BILL
FIXED INCOME
912797LQ8
5,053,000
12/19/2024
0.0
5,005
1.3
4383591 TRS USD R E MQCP332E TRS ON QII INDEX
SWAP
99S257MO2
16,387
--
0.0
2,883
0.7
4383591 TRS USD P F MQCP332E TRS ON QII INDEX
SWAP
99S257MP9
-2,853,642.01
--
0.1
-2,854
-0.7
4367525 TRS USD P F MQCP332E TRS ON QII INDEX
SWAP
99S256SG5
-207,966,705.5
--
0.1
-207,967
-52.0
Total
--
--
--
--
--
194,829
48.8
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
51.2
Total Net Assets
--
--
--
--
--
--
100%

Quantix Commodity Index - Daily Commodity Sector Weights

As of 10/4/2024

Ticker

Commodity Sector

Commodity

Facility

Daily Weight (%)

GCZ4
Precious
Gold
CME
33.6
QSF5
Petroleum
Gasoil
ICE
11.3
HOF5
Petroleum
Heating Oil
CME
7.0
XBF5
Petroleum
RBOB Gasoline
CME
6.9
COF5
Petroleum
Brent Crude Oil
ICE
4.6
C Z4
Grains And Soybean Products
Corn
CME
3.8
S F5
Grains And Soybean Products
Soybeans
CME
3.1
BOF5
Grains And Soybean Products
Bean Oil
CME
2.1
W Z4
Grains And Soybean Products
Wheat
CME
2.0
KWZ4
Grains And Soybean Products
Kansas Wheat
CME
2.0
SMF5
Grains And Soybean Products
Soymeal
CME
1.9
SBH5
Softs
Sugar
ICE
4.9
CCZ4
Softs
Cocoa
ICE
2.2
KCZ4
Softs
Coffee
ICE
2.2
CTZ4
Softs
Cotton
ICE
1.9
LXF5
Industrial
Zinc
LME
2.1
LAF25
Industrial
Aluminum
LME
2.1
HGZ4
Industrial
Comex Copper
CME
2.0
LNF5
Industrial
Nickel
LME
2.0
NGF25
Natural Gas
Natural Gas
CME
2.3

Investment Team


Sub-advisor logo

Quantix Commodities LP (“Quantix”) is a commodities focused fund manager specializing in the development and management of commodities-based investment strategies. The firm is a market leader in delivering comprehensive commodity investment solutions to the marketplace.

Quantix is led by CIO Don Casturo, former Global Commodities COO and Head of EMEA Commodity Trading at Goldman Sachs, along with two founding partners. The team is highly experienced, with industry-leading pedigree and a long track record of working together.

The firm delivers strategies targeting different investment objectives for clients; after launching the all-weather, absolute return strategy in 2019, Quantix launched an inflation-focused, long only strategy in early 2021, which is part of the Investor Solutions Group at Quantix.

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. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.

Commodity Risk: The Fund has exposure to commodities through its and/or the Subsidiary’s investments in commodity-linked derivative instruments. Authorized Participant Concentration/Trading Risk: Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. Commodity-Linked Derivatives Risk: The Fund’s investments in commodity-linked derivative instruments (either directly or through the Subsidiary) and the tracking of an Index comprised of commodity futures may subject the Fund to significantly greater volatility than investments in traditional securities.

Diversification does not assure a profit or protect against loss in a declining market.

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.

Roll yield is the return from adjusting a futures position from one futures contract to a longer-dated contract. Debasement refers to lowering the value of a currency.

Schedule K-1 is an Internal Revenue Service (IRS) tax form issued annually to the individuals in business partnerships. The purpose of Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions, and credits.

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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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.