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Harbor Multi-Asset Explorer ETF​ (MAPP)

Looking for a systematic and discretionary approach that seeks to grow capital while reducing volatility? Look no further.

Harbor Multi-Asset Explorer ETF​ (MAPP)

Looking for a systematic and discretionary approach that seeks to grow capital while reducing volatility? Look no further.

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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RoadMAPP to Investing Success

We believe that different stages of the business cycle can likely present their share of opportunities and pitfalls when it comes to portfolio management. It is our view that MAPP offers a distinct opportunity to actively participate in each stage of the cycle.

  • Managed in-house by Harbor’s Multi-Asset Solutions Team, MAPP is the yearslong culmination of several initiatives that utilizes a proprietary growth (real economic activity), liquidity (money and credit cycle), and inflation (trend growth in prices) framework that defines the current Business Cycle Regime.
  • Each Regime will translate to a distinct asset allocation amongst Funds that are aligned to equities, fixed income, commodities, and currencies.
  • A layer of bottom-up, fundamental research is added— potentially offering more flexibility and consideration of intangibles than traditional systematic models.
  • We see MAPP applicable as a core allocation. No matter the economic conditions, there is constant optimization of underlying investments happening behind the scenes.

Overview

Investment Team
Harbor Capital Advisors, Inc. dark blue logo on white background
Jason M. Alonzo
Spenser Lerner
Justin Menne
Jonathan Poynter
Jake Schurmeier

Current Price

As of 6/11/2024

$22.04

Price (NAV)

-$0.03

NAV Daily Change ($)

-0.14%

NAV Daily Change (%)

8.30%

NAV YTD Return

$22.05

Market Price

-$0.03

Market Daily Change ($)

-0.14%

Market Daily Change (%)

8.25%

Market YTD Return

Fund Facts

As of 6/11/2024

9/13/2023

Inception Date

0.92

Expense Ratio (%)
disclaimer

$3.857

Total Net Assets (million)

175,000

Shares Outstanding
(As of 6/12/2024)

MAPP

Ticker

41151J836

Cusip

NYSE

Exchange

US41151J8365

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

US Fund Global Allocation

Morningstar Category

ICE BofA 3 Month U.S. Treasury Bill Index

Benchmark

Investment Objective:

The Fund seeks to provide long-term total return while limiting downside risk.​

Pricing/Trading

As of 6/11/2024

$22.07

Bid/Ask Mid Price

$22.05

Closing Market Price

$0.02

Premium/Discount ($)

0.10%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

YTD

Days Traded at a Premium756051111
Days Traded at a Discount0000

0.32%

30-Day Median Bid/Ask Spread

--

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

Since Inception

Net Expense Ratio

Gross Expense Ratio

Multi-Asset Explorer ETF - at NAV
6.78%
6.78%
11.75%
0.92%disclaimer
0.92%
Market Price
6.87%
6.87%
11.95%
--
--
ICE BofA 0-3 Month US Treasury Bill Total Return Index
1.32%
1.32%
2.97%
--
--

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 ICE BofA US 3-Month Treasury Bill Index is comprised of a single U.S. Treasury Bill issue purchased at the beginning of each month and held for a full month, at which time that issue is sold and rolled into a newly selected issue. The issue selected each month is that having a maturity date closest to, but not beyond 90 days from the rebalance date. Index listed is unmanaged and does not reflect fees and expenses and are not available for direct investment. 

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
0.56583
--
--
0.56583

Holdings

Portfolio Characteristics

As of 4/30/2024

16

Number of Holdings

165552

Wtd Avg Market Cap ($Mil)

Top Ten Holdings

As of 6/11/2024

Company Name [Ticker]

% of Net Assets

ISHARES CORE S&P 500 ETF[IVV]
25.3
VANGUARD FTSE EUROPE ETF[VGK]
7.7
ISHARES IBOXX HIGH YLD CORP[HYG]
7.0
COMM SERV SELECT SECTOR SPDR[XLC]
6.8
INVESCO QQQ TRUST SERIES 1[QQQ]
6.8
FINANCIAL SELECT SECTOR SPDR[XLF]
6.6
ISHARES MSCI JAPAN ETF[EWJ]
6.4
ISHARES MSCI EAFE ETF[EFA]
5.8
ISHARES GOLD STRATEGY ETF[IAUF]
5.7
ENERGY SELECT SECTOR SPDR[XLE]
4.8
% of Total Holdings:
82.9%

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

ISHARES CORE S&P 500 ETF [IVV]
EQUITY
464287200
1,815
538.05
976,560.75
25.3
VANGUARD FTSE EUROPE ETF [VGK]
EQUITY
922042874
4,307
68.70
295,890.90
7.7
ISHARES IBOXX HIGH YLD CORP [HYG]
EQUITY
464288513
3,498
77.06
269,555.88
7.0
COMM SERV SELECT SECTOR SPDR [XLC]
EQUITY
81369Y852
3,114
84.77
263,973.78
6.8
INVESCO QQQ TRUST SERIES 1 [QQQ]
EQUITY
46090E103
563
468.02
263,495.26
6.8
FINANCIAL SELECT SECTOR SPDR [XLF]
EQUITY
81369Y605
6,202
40.85
253,351.70
6.6
ISHARES MSCI JAPAN ETF [EWJ]
EQUITY
46434G822
3,654
68.06
248,691.24
6.4
ISHARES MSCI EAFE ETF [EFA]
EQUITY
464287465
2,849
78.91
224,814.59
5.8
ISHARES GOLD STRATEGY ETF [IAUF]
EQUITY
46431W614
3,638
60.806
221,212.59
5.7
ENERGY SELECT SECTOR SPDR [XLE]
EQUITY
81369Y506
2,061
90.49
186,499.89
4.8
ISHARES 20+ YEAR TREASURY BD [TLT]
EQUITY
464287432
1,983
91.83
182,098.89
4.7
ISHARES MSCI EMERGING MARKET [EEM]
EQUITY
464287234
4,200
41.86
175,812.00
4.6
ISHARES 7-10 YEAR TREASURY B [IEF]
EQUITY
464287440
1,535
93.24
143,123.40
3.7
INVESCO SENIOR LOAN ETF [BKLN]
EQUITY
46138G508
2,738
21.17
57,963.46
1.5
ISHARES MBS ETF [MBB]
EQUITY
464288588
592
91.54
54,191.68
1.4
ISHARES JP MORGAN USD EMERGI [EMB]
EQUITY
464288281
260
88.80
23,088.00
0.6
Total
--
--
--
--
--
3,840
99.4
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.6
Total Net Assets
--
--
--
--
--
--
100%

Sorry, there is no data available for this fund

Investment Team


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

Harbor Capital Advisors Inc., the Fund’s investment adviser (the “Advisor”), allocates the Fund’s assets among various asset classes and market sectors based on its assessment of global economic and market conditions, primarily through investments in a diversified portfolio of exchange-traded funds, including other funds managed by the Advisor.

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. The Fund is a fund of funds and is subject to the expenses and risks of the underlying funds, including but not limited to risks associated with: commodities; derivatives; fixed income securities, including “high-yield” or “junk” bonds; foreign issuers/foreign markets, U.S. government securities; mortgage- and asset-backed securities; REITs; and small companies. The Fund’s investment performance depends upon the successful allocation by the Advisor of the Fund’s assets among asset classes, geographical regions, sectors and specific investments. The Advisor’s judgment about the attractiveness, value and growth potential of a particular asset class, region, sector or investment may be incorrect and the Advisor’s selection of the underlying funds to implement its asset allocation decisions may not produce the desired results. 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 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).

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.