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Harbor Disruptive Innovation ETF (INNO)

Invests in leading edge, industry transforming companies across markets

Harbor Disruptive Innovation ETF (INNO)

Invests in leading edge, industry transforming companies across markets

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Why invest in INNO?

We believe that companies poised to displace pre-existing goods, services, and industry leaders have the potential to generate strong levels of growth over time.

Harbor’s Multi-Asset Solutions Team employs an active multi-strategy approach with the goal of providing enhanced diversification benefits and mitigating portfolio risk through the low correlation of excess returns across the strategy’s underlying managers.

The portfolio offers exposure to leading edge, industry transforming companies across sectors, market cap ranges, and regions which can help enable diversification and enhance investors’ opportunity set.



NYSE What's the Fund: Harbor Disruptive Innovation ETF (INNO)

Hear from Spenser Lerner, Harbor’s Head of Multi-Asset Solutions, on what’s different about Harbor’s approach to disruptive innovation.

Video used with permission of © NYSE Group, Inc.

The Harbor Disruptive Innovation ETF seeks to invest in leading edge, industry transforming companies across sectors, market cap ranges, and regions which can help enable more diverse exposure and enhance investors’ opportunity set. Through our active multi-strategy approach, we seek to provide enhanced diversification benefits and mitigate portfolio risk by managing allocations to five specialized active managers.


Overview

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

Current Price

As of 4/19/2024

$14.75

Price (NAV)

-$0.29

NAV Daily Change ($)

-1.93%

NAV Daily Change (%)

1.86%

NAV YTD Return

$14.72

Market Price

-$0.32

Market Daily Change ($)

-2.13%

Market Daily Change (%)

1.73%

Market YTD Return

Fund Facts

As of 4/19/2024

12/1/2021

Inception Date

0.75

Expense Ratio (%)
disclaimer

$30.98

Total Net Assets (million)

2,100,000

Shares Outstanding
(As of 4/22/2024)

INNO

Ticker

41151J307

Cusip

NYSE

Exchange

US41151J3077

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Mid Cap Growth

Morningstar Category

The S&P 500 Index & The Russell 3000® Growth Index

Benchmark

Investment Objective:

The Fund seeks long-term growth of capital

Pricing/Trading

As of 4/19/2024

$14.73

Bid/Ask Mid Price

$14.72

Closing Market Price

-$0.03

Premium/Discount ($)

-0.19%

Premium/Discount (%)

0.46%

30-Day Median Bid/Ask Spread

4,012

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

A distinct multi-strategy approach to accessing innovation

Harbor Disruptive Innovation seeks to offer diverse exposure to leading edge

transformational companies across market segments.

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Disruptive Innovation ETF - at NAV
12.57%
12.57%
28.96%
-8.39%
0.75%disclaimer
0.75%
Market Price
12.79%
12.79%
29.22%
-8.35%
--
--
S&P 500 Index
10.56%
10.56%
29.88%
8.46%
--
--
Russell 3000® Growth Index
11.23%
11.23%
37.95%
6.54%
--
--

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 S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Russell 3000® Growth Index measures the performance of the broad growth segment of the US equity universe. It includes Russell 3000® Index companies with higher price-to-book ratios and higher forecasted growth values. It is market-capitalization weighted. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 3000® Growth Index and Russell® are trademarks of Frank Russell Company.

Effective September 1, 2021, the Fund’s benchmark index changed from the Russell Midcap® Growth Index to the S&P 500 Index as the Adviser believes this index is a more appropriate comparison in light of the Fund’s new name and investment strategy.

Price History

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
--
--
--
0.00000
12/21/2022
12/22/2022
12/27/2022
--
--
--
0.00000
12/22/2021
12/23/2021
12/28/2021
--
--
--
0.00000

Holdings

Portfolio Characteristics

As of 3/31/2024

87

Number of Holdings

379986.2

Wtd Avg Market Cap ($Mil)

9.37

Price/Book Ratio

52

Adjusted Trailing P/E Ratio

20.2

% EPS Growth - Past 3 Yr

15.55

Return on Equity (%)

43.2

Forecasted P/E Ratio

Top Ten Holdings

As of 4/19/2024

Company Name [Ticker]

% of Net Assets

LAM RESEARCH CORP[LRCX]
3.7
SERVICENOW INC[NOW]
3.0
ALPHABET INC-CL C[GOOG]
2.9
PROGRESSIVE CORP[PGR]
2.8
LINDE PLC[LIN]
2.5
ASML HOLDING NV[ASML]
2.5
CADENCE DESIGN SYS INC[CDNS]
2.4
NVIDIA CORP[NVDA]
2.4
DANAHER CORP[DHR]
2.4
AMAZON.COM INC[AMZN]
2.4
% of Total Holdings:
27.0%

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 4/19/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

LAM RESEARCH CORP [LRCX]
EQUITY
512807108
1,325
870.25
1,153,081.25
3.7
SERVICENOW INC [NOW]
EQUITY
81762P102
1,282
713.91
915,232.62
3.0
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
5,779
155.72
899,905.88
2.9
PROGRESSIVE CORP [PGR]
EQUITY
743315103
4,003
214.69
859,404.07
2.8
LINDE PLC [LIN]
EQUITY
G54950103
1,730
446.30
772,099.00
2.5
ASML HOLDING NV [ASML]
EQUITY
ACI02GTQ9
870
874.775
761,054.29
2.5
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,659
280.25
745,184.75
2.4
NVIDIA CORP [NVDA]
EQUITY
67066G104
966
762.00
736,092.00
2.4
DANAHER CORP [DHR]
EQUITY
235851102
3,110
235.51
732,436.10
2.4
AMAZON.COM INC [AMZN]
EQUITY
023135106
4,170
174.63
728,207.10
2.4
SHOPIFY INC - CLASS A [SHOP]
EQUITY
82509L107
10,366
69.67
722,199.22
2.3
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
4,854
146.64
711,790.56
2.3
FISERV INC [FI]
EQUITY
337738108
4,635
148.62
688,853.70
2.2
ADYEN NV [ADYEN]
EQUITY
BZ1HM4902
436
1,490.847
650,009.22
2.1
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
4,049
159.68
646,544.32
2.1
UNITED RENTALS INC [URI]
EQUITY
911363109
1,019
628.34
640,278.46
2.1
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
468
1,356.43
634,809.24
2.0
DOORDASH INC - A [DASH]
EQUITY
25809K105
4,825
127.18
613,643.50
2.0
MICROSOFT CORP [MSFT]
EQUITY
594918104
1,411
399.12
563,158.32
1.8
DEXCOM INC [DXCM]
EQUITY
252131107
4,240
130.71
554,210.40
1.8
ASCENDIS PHARMA A/S - ADR [ASND]
EQUITY
04351P101
3,867
140.17
542,037.39
1.7
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
3,427
154.09
528,066.43
1.7
SALESFORCE INC [CRM]
EQUITY
79466L302
1,915
270.37
517,758.55
1.7
SAMSARA INC-CL A [IOT]
EQUITY
79589L106
16,422
30.15
495,123.30
1.6
ROCKET PHARMACEUTICALS INC [RCKT]
EQUITY
77313F106
21,481
22.80
489,766.80
1.6
PROCORE TECHNOLOGIES INC [PCOR]
EQUITY
74275K108
6,934
70.29
487,390.86
1.6
CLOUDFLARE INC - CLASS A [NET]
EQUITY
18915M107
5,741
84.10
482,818.10
1.6
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
919
481.07
442,103.33
1.4
CHIPOTLE MEXICAN GRILL INC [CMG]
EQUITY
169656105
154
2,869.11
441,842.94
1.4
AUTOLUS THERAPEUTICS PLC [AUTL]
EQUITY
05280R100
93,201
4.52
421,268.52
1.4
KRYSTAL BIOTECH INC [KRYS]
EQUITY
501147102
2,577
158.53
408,531.81
1.3
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
1,899
189.77
360,373.23
1.2
IOVANCE BIOTHERAPEUTICS INC [IOVA]
EQUITY
462260100
30,225
11.31
341,844.75
1.1
HUBSPOT INC [HUBS]
EQUITY
443573100
532
631.24
335,819.68
1.1
TOAST INC-CLASS A [TOST]
EQUITY
888787108
15,340
21.62
331,650.80
1.1
COGNEX CORP [CGNX]
EQUITY
192422103
8,203
38.46
315,487.38
1.0
DATADOG INC - CLASS A [DDOG]
EQUITY
23804L103
2,531
120.09
303,947.79
1.0
THERMO FISHER SCIENTIFIC INC [TMO]
EQUITY
883556102
555
544.78
302,352.90
1.0
LONZA GROUP AG-REG [LONN]
EQUITY
733337901
542
552.376
299,387.64
1.0
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
2,032
145.45
295,554.40
1.0
AVIDITY BIOSCIENCES INC [RNA]
EQUITY
05370A108
12,888
22.73
292,944.24
0.9
CHART INDUSTRIES INC [GTLS]
EQUITY
16115Q308
1,954
148.04
289,270.16
0.9
MODERNA INC [MRNA]
EQUITY
60770K107
2,795
101.41
283,440.95
0.9
ARVINAS INC [ARVN]
EQUITY
04335A105
7,629
34.72
264,878.88
0.9
BICYCLE THERAPEUTICS PLC-ADR [BCYC]
EQUITY
088786108
11,031
23.45
258,676.95
0.8
LATTICE SEMICONDUCTOR CORP [LSCC]
EQUITY
518415104
3,882
66.51
258,191.82
0.8
CATALENT INC [CTLT]
EQUITY
148806102
4,497
55.48
249,493.56
0.8
ICON PLC [ICLR]
EQUITY
G4705A100
782
288.23
225,395.86
0.7
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
6,631
33.97
225,255.07
0.7
REGENXBIO INC [RGNX]
EQUITY
75901B107
14,189
15.69
222,625.41
0.7
UBER TECHNOLOGIES INC [UBER]
EQUITY
90353T100
3,135
69.20
216,942.00
0.7
C4 THERAPEUTICS INC [CCCC]
EQUITY
12529R107
31,984
6.72
214,932.48
0.7
NICE LTD - SPON ADR [NICE]
EQUITY
653656108
911
224.19
204,237.09
0.7
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,057
191.55
202,468.35
0.7
ARROWHEAD PHARMACEUTICALS IN [ARWR]
EQUITY
04280A100
9,012
22.33
201,237.96
0.6
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
3,687
52.46
193,420.02
0.6
GITLAB INC-CL A [GTLB]
EQUITY
37637K108
3,672
51.49
189,071.28
0.6
SMARTSHEET INC-CLASS A [SMAR]
EQUITY
83200N103
4,908
36.80
180,614.40
0.6
MONGODB INC [MDB]
EQUITY
60937P106
549
327.47
179,781.03
0.6
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
636
277.71
176,623.56
0.6
DYNATRACE INC [DT]
EQUITY
268150109
3,516
45.40
159,626.40
0.5
INSPIRE MEDICAL SYSTEMS INC [INSP]
EQUITY
457730109
674
229.22
154,494.28
0.5
ELI LILLY & CO [LLY]
EQUITY
532457108
211
726.31
153,251.41
0.5
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
591
252.22
149,062.02
0.5
MONDAY.COM LTD [MNDY]
EQUITY
M7S64H106
818
178.07
145,661.26
0.5
CCC INTELLIGENT SOLUTIONS HO [CCCS]
EQUITY
12510Q100
12,093
11.44
138,343.92
0.4
LEGEND BIOTECH CORP-ADR [LEGN]
EQUITY
52490G102
2,910
46.19
134,412.90
0.4
OKTA INC [OKTA]
EQUITY
679295105
1,396
92.03
128,473.88
0.4
BLOCK INC [SQ]
EQUITY
852234103
1,815
70.42
127,812.30
0.4
ZSCALER INC [ZS]
EQUITY
98980G102
743
169.21
125,723.03
0.4
DRAFTKINGS INC-CL A [DKNG]
EQUITY
26142V105
3,075
40.68
125,091.00
0.4
SAP SE-SPONSORED ADR [SAP]
EQUITY
803054204
708
175.77
124,445.16
0.4
SENTINELONE INC -CLASS A [S]
EQUITY
81730H109
6,142
20.05
123,147.10
0.4
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
5,656
21.57
121,999.92
0.4
IDEXX LABORATORIES INC [IDXX]
EQUITY
45168D104
252
476.35
120,040.20
0.4
HUBBELL INC [HUBB]
EQUITY
443510607
305
388.03
118,349.15
0.4
COOPER COS INC/THE [COO]
EQUITY
216648501
1,278
90.42
115,556.76
0.4
ALLOGENE THERAPEUTICS INC [ALLO]
EQUITY
019770106
30,422
3.47
105,564.34
0.3
SEA LTD-ADR [SE]
EQUITY
81141R100
1,910
55.06
105,164.60
0.3
INSULET CORP [PODD]
EQUITY
45784P101
544
166.25
90,440.00
0.3
REPLIMUNE GROUP INC [REPL]
EQUITY
76029N106
13,634
6.45
87,939.30
0.3
LANTHEUS HOLDINGS INC [LNTH]
EQUITY
516544103
1,245
63.81
79,443.45
0.3
REPARE THERAPEUTICS INC [RPTX]
EQUITY
760273102
19,713
3.15
62,095.95
0.2
ADAPTIMMUNE THERAPEUTICS-ADR [ADAP]
EQUITY
00653A107
59,073
0.977
57,696.60
0.2
UNIQURE NV [QURE]
EQUITY
N90064101
11,633
4.67
54,326.11
0.2
VAXCYTE INC [PCVX]
EQUITY
92243G108
864
60.83
52,557.12
0.2
FATE THERAPEUTICS INC [FATE]
EQUITY
31189P102
6,722
4.79
32,198.38
0.1
Total
--
--
--
--
--
30,394
98.4
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
1.6
Total Net Assets
--
--
--
--
--
--
100%

As of 3/31/2024

Disruptive Innovation ETF (INNO)

S&P 500 Index

-

Information Technology

INNO: 45.7%

Benchmark: 29.6%

-

Health Care

INNO: 24.9%

Benchmark: 12.4%

-

Financials

INNO: 8.5%

Benchmark: 13.1%

-

Consumer Discretionary

INNO: 8.5%

Benchmark: 10.3%

-

Industrials

INNO: 4.2%

Benchmark: 8.8%

-

Communication Services

INNO: 3.1%

Benchmark: 8.9%

-

Cash

INNO: 2.7%

Benchmark: NaN%

-

Materials

INNO: 2.4%

Benchmark: 2.4%

-

Consumer Staples

INNO: 0.0%

Benchmark: 6.0%

-

Energy

INNO: 0.0%

Benchmark: 4.0%

-

Real Estate

INNO: 0.0%

Benchmark: 2.3%

-

Utilities

INNO: 0.0%

Benchmark: 2.2%

INNO: Disruptive Innovation ETF

Benchmark: S&P 500 Index

Investment Team


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

The Fund employs a multi-manager approach in an effort to achieve its investment objective, offering the expertise of multiple investment managers in one Fund. As the fund sponsor, Harbor Capital assumes responsibility for selecting and overseeing underlying managers for the Fund. Each underlying manager is responsible for submitting a model portfolio to Harbor Capital, which the portfolio managers will implement in their discretion. The portfolio managers will handle the assigned allocation within the fund and will adjust over time based upon both qualitative and quantitative assessments of each strategy aiming to enhance the investment outcome for the Fund.

Learn more about Harbor Multi-Asset Solutions

Documents

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. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities issuers in emerging market regions. Investing in REITs will subject the Fund to additional risk.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

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.

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).

Alpha refers to excess returns earned on an investment.

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

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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.