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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 6/11/2024

$15.30

Price (NAV)

$0.01

NAV Daily Change ($)

0.07%

NAV Daily Change (%)

5.66%

NAV YTD Return

$15.31

Market Price

$0.01

Market Daily Change ($)

0.07%

Market Daily Change (%)

5.81%

Market YTD Return

Fund Facts

As of 6/11/2024

12/1/2021

Inception Date

0.75

Expense Ratio (%)
disclaimer

$31.373

Total Net Assets (million)

2,050,000

Shares Outstanding
(As of 6/12/2024)

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

10,028,166

Implied Liquidity™ (Shares)
disclaimer

$153,349,099.94

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks long-term growth of capital

Pricing/Trading

As of 6/11/2024

$15.32

Bid/Ask Mid Price

$15.31

Closing Market Price

$0.02

Premium/Discount ($)

0.11%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

YTD

Days Traded at a Premium163294978
Days Traded at a Discount8731233

0.46%

30-Day Median Bid/Ask Spread

431

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

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.

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 4/30/2024

88

Number of Holdings

340369.7

Wtd Avg Market Cap ($Mil)

8.38

Price/Book Ratio

46.1

Adjusted Trailing P/E Ratio

19.7

% EPS Growth - Past 3 Yr

13.22

Return on Equity (%)

41.7

Forecasted P/E Ratio

Top Ten Holdings

As of 6/11/2024

Company Name [Ticker]

% of Net Assets

LAM RESEARCH CORP[LRCX]
4.1
NVIDIA CORP[NVDA]
3.6
ALPHABET INC-CL C[GOOG]
3.2
SERVICENOW INC[NOW]
2.9
ASML HOLDING NV[ASML]
2.8
PROGRESSIVE CORP[PGR]
2.6
DANAHER CORP[DHR]
2.5
CADENCE DESIGN SYS INC[CDNS]
2.5
TEXAS INSTRUMENTS INC[TXN]
2.5
AMAZON.COM INC[AMZN]
2.4
% of Total Holdings:
29.1%

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 6/11/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

LAM RESEARCH CORP [LRCX]
EQUITY
512807108
1,293
999.75
1,292,676.75
4.1
NVIDIA CORP [NVDA]
EQUITY
67066G104
9,420
120.91
1,138,972.20
3.6
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
5,641
178.19
1,005,169.79
3.2
SERVICENOW INC [NOW]
EQUITY
81762P102
1,261
712.04
897,882.44
2.9
ASML HOLDING NV [ASML]
EQUITY
ACI02GTQ9
850
1,030.277
875,735.22
2.8
PROGRESSIVE CORP [PGR]
EQUITY
743315103
3,907
208.49
814,570.43
2.6
DANAHER CORP [DHR]
EQUITY
235851102
3,036
261.25
793,155.00
2.5
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
2,595
300.83
780,653.85
2.5
TEXAS INSTRUMENTS INC [TXN]
EQUITY
882508104
3,953
197.44
780,480.32
2.5
AMAZON.COM INC [AMZN]
EQUITY
023135106
4,070
187.23
762,026.10
2.4
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
4,738
158.96
753,152.48
2.4
LINDE PLC [LIN]
EQUITY
G54950103
1,688
435.48
735,090.24
2.3
MERCADOLIBRE INC [MELI]
EQUITY
58733R102
456
1,580.00
720,480.00
2.3
FISERV INC [FI]
EQUITY
337738108
4,525
148.00
669,700.00
2.1
SHOPIFY INC - CLASS A [SHOP]
EQUITY
82509L107
10,120
63.82
645,858.40
2.1
UNITED RENTALS INC [URI]
EQUITY
911363109
995
627.98
624,840.10
2.0
MICROSOFT CORP [MSFT]
EQUITY
594918104
1,377
432.68
595,800.36
1.9
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
3,345
176.62
590,793.90
1.9
ADYEN NV [ADYEN]
EQUITY
BZ1HM4902
426
1,287.201
548,347.82
1.7
DOORDASH INC - A [DASH]
EQUITY
25809K105
4,711
113.00
532,343.00
1.7
ASCENDIS PHARMA A/S - ADR [ASND]
EQUITY
04351P101
3,775
131.93
498,035.75
1.6
DEXCOM INC [DXCM]
EQUITY
252131107
4,140
116.90
483,966.00
1.5
ROCKET PHARMACEUTICALS INC [RCKT]
EQUITY
77313F106
20,969
22.91
480,399.79
1.5
CHIPOTLE MEXICAN GRILL INC [CMG]
EQUITY
169656105
150
3,130.20
469,530.00
1.5
PROCORE TECHNOLOGIES INC [PCOR]
EQUITY
74275K108
7,069
65.13
460,403.97
1.5
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
897
507.47
455,200.59
1.5
SALESFORCE INC [CRM]
EQUITY
79466L302
1,880
240.99
453,061.20
1.4
KRYSTAL BIOTECH INC [KRYS]
EQUITY
501147102
2,515
177.48
446,362.20
1.4
APPLIED MATERIALS INC [AMAT]
EQUITY
038222105
1,853
229.97
426,134.41
1.4
CLOUDFLARE INC - CLASS A [NET]
EQUITY
18915M107
5,605
72.63
407,091.15
1.3
MODERNA INC [MRNA]
EQUITY
60770K107
2,729
148.39
404,956.31
1.3
AUTOLUS THERAPEUTICS PLC [AUTL]
EQUITY
05280R100
90,981
4.31
392,128.11
1.2
SAMSARA INC-CL A [IOT]
EQUITY
79589L106
12,537
29.65
371,722.05
1.2
AVIDITY BIOSCIENCES INC [RNA]
EQUITY
05370A108
12,582
28.92
363,871.44
1.2
COGNEX CORP [CGNX]
EQUITY
192422103
8,007
43.54
348,624.78
1.1
TOAST INC-CLASS A [TOST]
EQUITY
888787108
14,974
22.20
332,422.80
1.1
THERMO FISHER SCIENTIFIC INC [TMO]
EQUITY
883556102
541
575.89
311,556.49
1.0
HUBSPOT INC [HUBS]
EQUITY
443573100
520
588.46
305,999.20
1.0
LONZA GROUP AG-REG [LONN]
EQUITY
733337901
530
551.551
292,322.17
0.9
DATADOG INC - CLASS A [DDOG]
EQUITY
23804L103
2,471
114.90
283,917.90
0.9
CHART INDUSTRIES INC [GTLS]
EQUITY
16115Q308
1,908
143.61
274,007.88
0.9
BICYCLE THERAPEUTICS PLC-ADR [BCYC]
EQUITY
088786108
10,769
23.77
255,979.13
0.8
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
1,984
128.48
254,904.32
0.8
IOVANCE BIOTHERAPEUTICS INC [IOVA]
EQUITY
462260100
29,505
8.62
254,333.10
0.8
CATALENT INC [CTLT]
EQUITY
148806102
4,389
55.81
244,950.09
0.8
ICON PLC [ICLR]
EQUITY
G4705A100
764
317.04
242,218.56
0.8
LATTICE SEMICONDUCTOR CORP [LSCC]
EQUITY
518415104
3,790
60.94
230,962.60
0.7
KYMERA THERAPEUTICS INC [KYMR]
EQUITY
501575104
6,473
34.57
223,771.61
0.7
ARROWHEAD PHARMACEUTICALS IN [ARWR]
EQUITY
04280A100
8,798
24.64
216,782.72
0.7
UBER TECHNOLOGIES INC [UBER]
EQUITY
90353T100
3,061
69.59
213,014.99
0.7
SMARTSHEET INC-CLASS A [SMAR]
EQUITY
83200N103
4,792
44.00
210,848.00
0.7
ARVINAS INC [ARVN]
EQUITY
04335A105
7,447
26.29
195,781.63
0.6
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
620
312.95
194,029.00
0.6
CCC INTELLIGENT SOLUTIONS HO [CCCS]
EQUITY
12510Q100
16,289
11.66
189,929.74
0.6
REGENXBIO INC [RGNX]
EQUITY
75901B107
13,851
13.58
188,096.58
0.6
SAP SE-SPONSORED ADR [SAP]
EQUITY
803054204
969
188.74
182,889.06
0.6
BENTLEY SYSTEMS INC-CLASS B [BSY]
EQUITY
08265T208
3,599
50.70
182,469.30
0.6
MONDAY.COM LTD [MNDY]
EQUITY
M7S64H106
798
228.61
182,430.78
0.6
ELI LILLY & CO [LLY]
EQUITY
532457108
205
865.82
177,493.10
0.6
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,031
163.16
168,217.96
0.5
SENTINELONE INC -CLASS A [S]
EQUITY
81730H109
9,298
17.48
162,529.04
0.5
DYNATRACE INC [DT]
EQUITY
268150109
3,432
46.79
160,583.28
0.5
GITLAB INC-CL A [GTLB]
EQUITY
37637K108
3,584
43.59
156,226.56
0.5
C4 THERAPEUTICS INC [CCCC]
EQUITY
12529R107
31,222
4.86
151,738.92
0.5
MONGODB INC [MDB]
EQUITY
60937P106
632
223.80
141,441.60
0.5
DRAFTKINGS INC-CL A [DKNG]
EQUITY
26142V105
3,653
38.24
139,690.72
0.4
SEA LTD-ADR [SE]
EQUITY
81141R100
1,864
73.30
136,631.20
0.4
ZSCALER INC [ZS]
EQUITY
98980G102
725
187.65
136,046.25
0.4
INTELLIA THERAPEUTICS INC [NTLA]
EQUITY
45826J105
5,522
23.75
131,147.50
0.4
LEGEND BIOTECH CORP-ADR [LEGN]
EQUITY
52490G102
2,840
44.25
125,670.00
0.4
ROKU INC [ROKU]
EQUITY
77543R102
2,146
58.17
124,832.82
0.4
IDEXX LABORATORIES INC [IDXX]
EQUITY
45168D104
246
506.20
124,525.20
0.4
OKTA INC [OKTA]
EQUITY
679295105
1,362
89.14
121,408.68
0.4
REPLIMUNE GROUP INC [REPL]
EQUITY
76029N106
13,310
9.00
119,790.00
0.4
COOPER COS INC/THE [COO]
EQUITY
216648501
1,248
93.77
117,024.96
0.4
BLOCK INC [SQ]
EQUITY
852234103
1,771
64.16
113,627.36
0.4
HUBBELL INC [HUBB]
EQUITY
443510607
297
367.71
109,209.87
0.3
INSPIRE MEDICAL SYSTEMS INC [INSP]
EQUITY
457730109
658
165.41
108,839.78
0.3
INSULET CORP [PODD]
EQUITY
45784P101
532
192.16
102,229.12
0.3
LANTHEUS HOLDINGS INC [LNTH]
EQUITY
516544103
1,215
81.07
98,500.05
0.3
ALLOGENE THERAPEUTICS INC [ALLO]
EQUITY
019770106
29,698
2.55
75,729.90
0.2
REPARE THERAPEUTICS INC [RPTX]
EQUITY
760273102
19,243
3.80
73,123.40
0.2
VAXCYTE INC [PCVX]
EQUITY
92243G108
844
72.58
61,257.52
0.2
ADAPTIMMUNE THERAPEUTICS-ADR [ADAP]
EQUITY
00653A107
57,667
1.04
59,973.68
0.2
UNIQURE NV [QURE]
EQUITY
N90064101
11,357
5.23
59,397.11
0.2
FATE THERAPEUTICS INC [FATE]
EQUITY
31189P102
6,562
3.89
25,526.18
0.1
Total
--
--
--
--
--
30,765
97.9
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.1
Total Net Assets
--
--
--
--
--
--
100%

As of 5/31/2024

Disruptive Innovation ETF (INNO)

S&P 500 Index

-

Information Technology

INNO: 43.0%

Benchmark: 30.5%

-

Health Care

INNO: 25.0%

Benchmark: 12.0%

-

Consumer Discretionary

INNO: 8.4%

Benchmark: 9.9%

-

Financials

INNO: 8.2%

Benchmark: 12.9%

-

Communication Services

INNO: 6.8%

Benchmark: 9.3%

-

Industrials

INNO: 4.2%

Benchmark: 8.5%

-

Materials

INNO: 2.4%

Benchmark: 2.3%

-

Cash

INNO: 2.0%

Benchmark: NaN%

-

Consumer Staples

INNO: 0.0%

Benchmark: 6.0%

-

Energy

INNO: 0.0%

Benchmark: 3.9%

-

Real Estate

INNO: 0.0%

Benchmark: 2.2%

-

Utilities

INNO: 0.0%

Benchmark: 2.5%

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

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. 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.