Select Investor Profilechevron

What type of investor are you?

Individual Investor
Institutional Investor
phone iconContact

Harbor Long-Short Equity ETF (LSEQ)

It is our view that there is a shortage of strong, transparent liquid alternative options available to investors. Until now.

Harbor Long-Short Equity ETF (LSEQ)

It is our view that there is a shortage of strong, transparent liquid alternative options available to investors. Until now.

Welcome
Overview
Performance
Holdings
Investment Team
Documents
chevron

Request a Call


Locate Your Harbor Consultant
INSTITUTIONAL INVESTORS ONLY: Please enter your zip code to locate an Investment Consultant.

Here’s the Long and Short of it

We believe that diversification has become harder to achieve as stock and bond correlations have risen. LSEQ can potentially be a solution for those seeking a different type of return stream through a variety of macro backdrops.

  • Using a regime framework, the long and short equity features afford investors equity exposure with an elevated focus on downside mitigation.
  • The strategy seeks low correlation to broad-based equity markets, resulting in potential diversification benefits.
  • We believe the investment team at Disciplined Alpha has an active edge, with an over 10-year record of systematic long-short investing, identifying macro trends, and selecting both long investments that have the potential to experience tailwinds and short investments that appear positioned to decline.

Overview

Investment Team
Management Team Logo

Current Price

As of 2/29/2024

$26.46

Price (NAV)

$0.10

NAV Daily Change ($)

0.38%

NAV Daily Change (%)

10.34%

NAV YTD Return

Fund Facts

As of 2/29/2024

12/4/2023

Inception Date

1.70

Expense Ratio (%)
disclaimer

$14.499

Total Net Assets (million)

549,998

Shares Outstanding
(As of 2/29/2024)

LSEQ

Ticker

41151J828

Cusip

NYSE

Exchange

US41151J8282

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

A

Dividend Frequency

Long-Short Equity

Morningstar Category

HFRX Equity Hedge Index

Benchmark

Investment Objective:

The Fund seeks long-term growth of capital.

Pricing/Trading

As of 2/28/2024

$26.37

Bid/Ask Mid Price

$26.35

Closing Market Price

$0.00

Premium/Discount ($)

0.01%

Premium/Discount (%)

0.40%

30-Day Median Bid/Ask Spread

1,959

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

Performance

Average Annual Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Long-Short Equity ETF - at NAV
1.98%
-21.45%
-21.45%
3.75%
3.18%
3.81%
1.70%disclaimer
1.70%
Fund Market Price
--
--
--
--
--
-1.24%
--
--
HFRX Equity Hedge Index
3.60%
6.90%
6.90%
5.09%
6.09%
3.04%
--
--

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.

ETF performance prior to 12/1/23 is attributable to the Disciplined Alpha Onshore Fund LP (the “Predecessor Fund”). The historical NAV of the predecessor are used for both NAV and Market Offer Price performance from inception to ETF listing date. Performance periods since LSEQ listing date may contain NAV and MOP data of both the newly formed ETF and the predecessor fund performance. Please refer to the Fund prospectus for further details.

The HFRX Equity Hedge Index measures the performance of the hedge fund market. Equity hedge strategies maintain positions both long and short in primarily equity and equity derivative securities. A wide variety of investment processes can be employed to arrive at an investment decision, including both quantitative and fundamental techniques; strategies can be broadly diversified or narrowly focused on specific sectors and can range broadly in terms of levels of net exposure, leverage employed, holding period, concentrations of market capitalizations and valuation ranges of typical portfolios.

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

Holdings

Portfolio Characteristics

As of 1/31/2024

114

Number of Holdings

200733.4

Wtd Avg Market Cap ($Mil)

8.22

Price/Book Ratio

28

Adjusted Trailing P/E Ratio

17.8

% EPS Growth - Past 3 Yr

28.04

Return on Equity (%)

28.1

Forecasted P/E Ratio

Top Ten Holdings

As of 2/28/2024

Company Name [Ticker]

% of Net Assets

MODERNA INC[MRNA]
2.5
DIREXION DAILY S&P 500 HIGH[HIBS]
2.4
CROWDSTRIKE HOLDINGS INC - A[CRWD]
2.3
UIPATH INC - CLASS A[PATH]
2.3
VISTRA CORP[VST]
2.2
ELI LILLY & CO[LLY]
2.1
CONSTELLATION ENERGY[CEG]
2.1
SAGE THERAPEUTICS INC[SAGE]
2.0
ANTERO MIDSTREAM CORP[AM]
1.9
NUTANIX INC - A[NTNX]
1.9
% of Total Holdings:
21.7%

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 2/28/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

MODERNA INC [MRNA]
EQUITY
60770K107
3,720
97.48
362,625.60
2.5
DIREXION DAILY S&P 500 HIGH [HIBS]
EQUITY
25460E224
13,076
26.26
343,375.76
2.4
CROWDSTRIKE HOLDINGS INC - A [CRWD]
EQUITY
22788C105
1,038
320.94
333,135.72
2.3
UIPATH INC - CLASS A [PATH]
EQUITY
90364P105
14,236
23.36
332,552.96
2.3
VISTRA CORP [VST]
EQUITY
92840M102
5,922
53.02
313,984.44
2.2
ELI LILLY & CO [LLY]
EQUITY
532457108
401
757.64
303,813.64
2.1
CONSTELLATION ENERGY [CEG]
EQUITY
21037T109
1,763
170.83
301,173.29
2.1
SAGE THERAPEUTICS INC [SAGE]
EQUITY
78667J108
13,029
22.55
293,803.95
2.0
ANTERO MIDSTREAM CORP [AM]
EQUITY
03676B102
20,996
13.25
278,197.00
1.9
NUTANIX INC - A [NTNX]
EQUITY
67059N108
4,710
59.04
278,078.40
1.9
PALANTIR TECHNOLOGIES INC-A [PLTR]
EQUITY
69608A108
11,088
24.42
270,768.96
1.9
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
554
484.02
268,147.08
1.8
TRIPADVISOR INC [TRIP]
EQUITY
896945201
9,838
26.81
263,756.78
1.8
WILLIAMS-SONOMA INC [WSM]
EQUITY
969904101
1,082
232.74
251,824.68
1.7
APPLOVIN CORP-CLASS A [APP]
EQUITY
03831W108
4,139
58.01
240,103.39
1.7
GUIDEWIRE SOFTWARE INC [GWRE]
EQUITY
40171V100
1,936
120.72
233,713.92
1.6
SHERWIN-WILLIAMS CO/THE [SHW]
EQUITY
824348106
664
329.68
218,907.52
1.5
CENCORA INC [COR]
EQUITY
03073E105
926
236.13
218,656.38
1.5
UBER TECHNOLOGIES INC [UBER]
EQUITY
90353T100
2,775
77.73
215,700.75
1.5
WESTROCK CO [WRK]
EQUITY
96145D105
4,756
45.03
214,162.68
1.5
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
773
273.17
211,160.41
1.5
INFORMATICA INC - CLASS A [INFA]
EQUITY
45674M101
6,493
32.31
209,788.83
1.4
RPM INTERNATIONAL INC [RPM]
EQUITY
749685103
1,809
114.20
206,587.80
1.4
CDW CORP/DE [CDW]
EQUITY
12514G108
841
244.91
205,969.31
1.4
CARDINAL HEALTH INC [CAH]
EQUITY
14149Y108
1,784
111.66
199,201.44
1.4
REGENERON PHARMACEUTICALS [REGN]
EQUITY
75886F107
199
987.61
196,534.39
1.4
DECKERS OUTDOOR CORP [DECK]
EQUITY
243537107
222
882.42
195,897.24
1.4
SENTINELONE INC -CLASS A [S]
EQUITY
81730H109
6,760
28.22
190,767.20
1.3
TARGA RESOURCES CORP [TRGP]
EQUITY
87612G101
1,958
97.40
190,709.20
1.3
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
2,795
66.99
187,237.05
1.3
EXELIXIS INC [EXEL]
EQUITY
30161Q104
8,536
21.91
187,023.76
1.3
MARATHON PETROLEUM CORP [MPC]
EQUITY
56585A102
1,104
167.16
184,544.64
1.3
OKTA INC [OKTA]
EQUITY
679295105
2,112
87.30
184,377.60
1.3
RYDER SYSTEM INC [R]
EQUITY
783549108
1,633
112.78
184,169.74
1.3
LINDE PLC [LIN]
EQUITY
G54950103
396
451.20
178,675.20
1.2
DELL TECHNOLOGIES -C [DELL]
EQUITY
24703L202
1,892
93.25
176,429.00
1.2
PINTEREST INC- CLASS A [PINS]
EQUITY
72352L106
4,884
36.12
176,410.08
1.2
WEX INC [WEX]
EQUITY
96208T104
793
218.33
173,135.69
1.2
AMGEN INC [AMGN]
EQUITY
031162100
621
277.46
172,302.66
1.2
T-MOBILE US INC [TMUS]
EQUITY
872590104
1,014
163.15
165,434.10
1.1
LANDSTAR SYSTEM INC [LSTR]
EQUITY
515098101
819
190.96
156,396.24
1.1
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
617
248.99
153,626.83
1.1
MCKESSON CORP [MCK]
EQUITY
58155Q103
289
523.06
151,164.34
1.0
MURPHY USA INC [MUSA]
EQUITY
626755102
353
415.39
146,632.67
1.0
DAVITA INC [DVA]
EQUITY
23918K108
1,127
126.97
143,095.19
1.0
H&R BLOCK INC [HRB]
EQUITY
093671105
2,840
49.77
141,346.80
1.0
SPLUNK INC [SPLK]
EQUITY
848637104
902
156.16
140,856.32
1.0
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
463
300.58
139,168.54
1.0
US FOODS HOLDING CORP [USFD]
EQUITY
912008109
2,689
51.36
138,107.04
1.0
MERCK & CO. INC. [MRK]
EQUITY
58933Y105
1,059
128.19
135,753.21
0.9
MARTIN MARIETTA MATERIALS [MLM]
EQUITY
573284106
229
566.10
129,636.90
0.9
AUTOZONE INC [AZO]
EQUITY
053332102
43
3,011.62
129,499.66
0.9
ECOLAB INC [ECL]
EQUITY
278865100
573
225.01
128,930.73
0.9
SYNOPSYS INC [SNPS]
EQUITY
871607107
225
570.28
128,313.00
0.9
O'REILLY AUTOMOTIVE INC [ORLY]
EQUITY
67103H107
117
1,092.96
127,876.32
0.9
MASTERCARD INC - A [MA]
EQUITY
57636Q104
267
478.85
127,852.95
0.9
MOLINA HEALTHCARE INC [MOH]
EQUITY
60855R100
314
401.78
126,158.92
0.9
PERFORMANCE FOOD GROUP CO [PFGC]
EQUITY
71377A103
1,640
76.34
125,197.60
0.9
ROSS STORES INC [ROST]
EQUITY
778296103
830
150.45
124,873.50
0.9
TJX COMPANIES INC [TJX]
EQUITY
872540109
1,233
101.10
124,656.30
0.9
AMPHENOL CORP-CL A [APH]
EQUITY
032095101
1,144
108.35
123,952.40
0.9
AMAZON.COM INC [AMZN]
EQUITY
023135106
709
173.16
122,770.44
0.8
TECHNIPFMC PLC [FTI]
EQUITY
G87110105
5,542
21.91
121,425.22
0.8
PACKAGING CORP OF AMERICA [PKG]
EQUITY
695156109
686
176.36
120,982.96
0.8
MOTOROLA SOLUTIONS INC [MSI]
EQUITY
620076307
360
331.25
119,250.00
0.8
PHILLIPS 66 [PSX]
EQUITY
718546104
843
141.24
119,065.32
0.8
GODADDY INC - CLASS A [GDDY]
EQUITY
380237107
1,050
113.01
118,660.50
0.8
F5 INC [FFIV]
EQUITY
315616102
630
185.72
117,003.60
0.8
AZENTA INC [AZTA]
EQUITY
114340102
1,767
65.21
115,226.07
0.8
GARTNER INC [IT]
EQUITY
366651107
246
465.69
114,559.74
0.8
ZOETIS INC [ZTS]
EQUITY
98978V103
569
199.94
113,765.86
0.8
RELIANCE INC [RS]
EQUITY
759509102
353
321.46
113,475.38
0.8
ZOOM VIDEO COMMUNICATIONS-A [ZM]
EQUITY
98980L101
1,629
69.62
113,410.98
0.8
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
553
203.96
112,789.88
0.8
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
818
137.43
112,417.74
0.8
MANHATTAN ASSOCIATES INC [MANH]
EQUITY
562750109
442
254.01
112,272.42
0.8
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
353
316.15
111,600.95
0.8
NETAPP INC [NTAP]
EQUITY
64110D104
1,255
88.03
110,477.65
0.8
NEUROCRINE BIOSCIENCES INC [NBIX]
EQUITY
64125C109
797
134.66
107,324.02
0.7
ICON PLC [ICLR]
EQUITY
G4705A100
330
323.44
106,735.20
0.7
UNITED THERAPEUTICS CORP [UTHR]
EQUITY
91307C102
469
227.28
106,594.32
0.7
P G & E CORP [PCG]
EQUITY
69331C108
6,401
16.59
106,192.59
0.7
APPLE INC [AAPL]
EQUITY
037833100
573
181.42
103,953.66
0.7
VERTEX PHARMACEUTICALS INC [VRTX]
EQUITY
92532F100
242
426.97
103,326.74
0.7
COSTCO WHOLESALE CORP [COST]
EQUITY
22160K105
137
747.96
102,470.52
0.7
CASEY'S GENERAL STORES INC [CASY]
EQUITY
147528103
334
304.12
101,576.08
0.7
ESC GCI LIBERTY INC SR COMMON STOCK
EQUITY
--
361ESC049
1,871
0.00
0.00
0.0
UNITY SOFTWARE INC [U]
EQUITY
91332U101
-5,187
29.29
-151,927.23
-1.0
VIASAT INC [VSAT]
EQUITY
92552V100
-9,104
19.18
-174,614.72
-1.2
CHARTER COMMUNICATIONS INC-A [CHTR]
EQUITY
16119P108
-638
288.34
-183,960.92
-1.3
CABLE ONE INC [CABO]
EQUITY
12685J105
-444
442.75
-196,581.00
-1.4
RH [RH]
EQUITY
74967X103
-789
264.36
-208,580.04
-1.4
ALBEMARLE CORP [ALB]
EQUITY
012653101
-1,654
132.06
-218,427.24
-1.5
AMERICAN WATER WORKS CO INC [AWK]
EQUITY
030420103
-1,857
117.91
-218,958.87
-1.5
CHURCHILL DOWNS INC [CHDN]
EQUITY
171484108
-1,833
121.86
-223,369.38
-1.5
INSPIRE MEDICAL SYSTEMS INC [INSP]
EQUITY
457730109
-1,272
177.61
-225,919.92
-1.6
FIVE BELOW [FIVE]
EQUITY
33829M101
-1,140
199.34
-227,247.60
-1.6
TAKE-TWO INTERACTIVE SOFTWRE [TTWO]
EQUITY
874054109
-1,545
147.48
-227,856.60
-1.6
TARGET CORP [TGT]
EQUITY
87612E106
-1,512
151.44
-228,977.28
-1.6
STARBUCKS CORP [SBUX]
EQUITY
855244109
-2,521
93.00
-234,453.00
-1.6
MASIMO CORP [MASI]
EQUITY
574795100
-1,910
128.70
-245,817.00
-1.7
ALASKA AIR GROUP INC [ALK]
EQUITY
011659109
-6,506
38.08
-247,748.48
-1.7
UNITED AIRLINES HOLDINGS INC [UAL]
EQUITY
910047109
-5,630
44.76
-251,998.80
-1.7
BIO-RAD LABORATORIES-A [BIO]
EQUITY
090572207
-781
330.35
-258,003.35
-1.8
ORACLE CORP [ORCL]
EQUITY
68389X105
-2,318
111.68
-258,874.24
-1.8
MARRIOTT VACATIONS WORLD [VAC]
EQUITY
57164Y107
-2,801
94.43
-264,498.43
-1.8
CHARLES RIVER LABORATORIES [CRL]
EQUITY
159864107
-1,045
256.73
-268,282.85
-1.9
ACADIA HEALTHCARE CO INC [ACHC]
EQUITY
00404A109
-3,219
83.43
-268,561.17
-1.9
ADVANCE AUTO PARTS INC [AAP]
EQUITY
00751Y106
-4,047
66.42
-268,801.74
-1.9
HASHICORP INC-CL A [HCP]
EQUITY
418100103
-10,360
26.58
-275,368.80
-1.9
SOUTHWEST AIRLINES CO [LUV]
EQUITY
844741108
-8,843
34.47
-304,818.21
-2.1
CATALENT INC [CTLT]
EQUITY
148806102
-5,518
57.94
-319,712.92
-2.2
SAREPTA THERAPEUTICS INC [SRPT]
EQUITY
803607100
-2,578
137.50
-354,475.00
-2.4
CONFLUENT INC-CLASS A [CFLT]
EQUITY
20717M103
-11,756
32.83
-385,949.48
-2.7
Total
--
--
--
--
--
8,269
57.2
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
42.8
Total Net Assets
--
--
--
--
--
--
100%

Investment Team


Sub-adviser logo

Disciplined Alpha LLC (“Disciplined Alpha”) is a Registered Investment Advisor based in Boston, Massachusetts and founded in 2013. Disciplined Alpha employs a structured quantitative approach. Key components include the use of a proprietary macroeconomic regime model to determine gross and net exposure, as well as weights for value, neutral, or momentum factors. Disciplined Alpha also prioritizes industry groups perceived to offer substantial alpha opportunities. Within these groups, the long model incorporates proprietary stock selection factors derived from discussions with company management and third-party fundamental analysts. Additionally, a distinct short model is applied to manage the short side of the Fund's portfolio.

Documents

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value.

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. Short selling securities could potentially have unlimited loss due to the price of securities sold short increasing beyond the cost of replacement and the limitless increase on the value of a security. The Fund utilizes a quantitative model and there are limitations in every quantitative model. There can be no assurances that the strategies pursued or the techniques implemented in the quantitative model will be profitable, and various market conditions may be materially less favorable to certain strategies than others.

The Harbor Long-Short Equity ETF (the “Fund”) acquired the assets and assumed the then existing known liabilities of the Disciplined Alpha Onshore Fund LP (the “Predecessor Fund”), a Delaware limited partnership, on 12/1/23, and the Fund is the performance successor of the reorganization. This means that the Predecessor Fund’s performance and financial history will be used by the Fund going forward from the date of reorganization. Performance information prior to 12/1/23 reflects all fees and expenses, including a performance fee, incurred by the Predecessor Fund. Disciplined Alpha LLC (“Disciplined Alpha”) served as the general partner and investment manager to the Predecessor Fund, which commenced operations on 1/1/15 and, since that time, implemented its investment strategy indirectly through its investment in a master fund, which had the same general partner, investment manager, investment policies, objectives, guidelines and restrictions as the Predecessor Fund. Regardless of whether the Predecessor Fund operated as a stand-alone fund or invested indirectly through a master fund, Disciplined Alpha managed the Predecessor Fund assets using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. However, the Predecessor Fund was not a registered fund and so it was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund’s performance may have been lower.

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.

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).

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

3270539 

Blue Background

Connect with us | LinkedIn Logo IconLinktree icon to podcast media links

Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
FINRA Brokercheck logo in white color

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.