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Harbor Scientific Alpha Income ETF (SIFI)

A scientific approach to active fixed income investing

Harbor Scientific Alpha Income ETF (SIFI)

A scientific approach to active fixed income investing

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Overview
Performance
Holdings
Investment Team
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Scientifically Driven. Powered by an investment process that is evidence based, data-driven, economically intuitive, and grounded in the scientific method.

Total Return + Income Focused. Actively managed to target total return and income through proprietary quantitative investment insights applied to asset allocation, security selection, and duration management.

Portfolio Optimized. Seeks to maximize total return while minimizing risk and transaction costs.

Diversifying Potential. May offer the benefits of a complementary return stream with low correlations to traditionally managed active total return fixed income strategies.

Related Funds to Consider

Overview

Investment Team
Blue Cove logo
Benjamin Brodsky
Michael Harper
Garth Flannery
Benoy Thomas

Current Price

As of 5/28/2024

$42.83

Price (NAV)

-$0.06

NAV Daily Change ($)

-0.14%

NAV Daily Change (%)

0.11%

NAV YTD Return

$42.84

Market Price

-$0.17

Market Daily Change ($)

-0.40%

Market Daily Change (%)

0.22%

Market YTD Return

6.41%

Current 30-Day Sub. SEC Yield
disclaimer

6.41%

Current 30-Day Unsub. SEC Yield
disclaimer

6.60%

Effective 30-Day Sub. SEC Yield
disclaimer

6.60%

Effective 30-Day Unsub. SEC Yield
disclaimer

Fund Facts

As of 5/28/2024

9/14/2021

Inception Date

0.50

Expense Ratio (%)
disclaimer

$33.197

Total Net Assets (million)

775,000

Shares Outstanding
(As of 5/29/2024)

SIFI

Ticker

41151J208

Cusip

NYSE

Exchange

US41151J2087

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Monthly

Dividend Frequency

Multi-Sector Bond

Morningstar Category

The Bloomberg U.S. Aggregate Bond Index

Benchmark

Investment Objective:

The Fund seeks total return

Pricing/Trading

As of 5/28/2024

$42.85

Bid/Ask Mid Price

$42.84

Closing Market Price

$0.01

Premium/Discount ($)

0.02%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

YTD

Days Traded at a Premium207573996
Days Traded at a Discount43325

0.16%

30-Day Median Bid/Ask Spread

10

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Seeking an alternative approach to income?

Consider Harbor scientific fixed income ETFs

Performance

Average Annual Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Scientific Alpha Income ETF - at NAV
0.16%
0.16%
7.13%
-1.32%
0.50%disclaimer
0.50%
Market Price
0.58%
0.58%
6.69%
-1.21%
--
--
Bloomberg US Aggregate Bond Index
-0.78%
-0.78%
1.70%
-4.06%
--
--

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 Bloomberg US Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

5/1/2024
5/2/2024
5/6/2024
0.18181
--
--
0.18181
4/1/2024
4/2/2024
4/4/2024
0.19359
--
--
0.19359
3/1/2024
3/4/2024
3/6/2024
0.17245
--
--
0.17245
2/1/2024
2/2/2024
2/6/2024
0.12766
--
--
0.12766
12/21/2023
12/22/2023
12/27/2023
0.59707
--
--
0.59707
12/1/2023
12/4/2023
12/6/2023
0.19643
--
--
0.19643
11/1/2023
11/2/2023
11/6/2023
0.19062
--
--
0.19062
10/2/2023
10/3/2023
10/5/2023
0.12386
--
--
0.12386
9/1/2023
9/5/2023
9/7/2023
0.12150
--
--
0.12150
8/1/2023
8/2/2023
8/4/2023
0.11609
--
--
0.11609
7/3/2023
7/5/2023
7/7/2023
0.19366
--
--
0.19366
6/1/2023
6/2/2023
6/6/2023
0.20715
--
--
0.20715
5/1/2023
5/2/2023
5/4/2023
0.17794
--
--
0.17794
4/3/2023
4/4/2023
4/6/2023
0.22967
--
--
0.22967
3/1/2023
3/2/2023
3/6/2023
0.17110
--
--
0.17110
2/1/2023
2/2/2023
2/6/2023
0.15264
--
--
0.15264
12/21/2022
12/22/2022
12/27/2022
0.38393
--
--
0.38393
12/1/2022
12/2/2022
12/6/2022
0.14908
--
--
0.14908
11/1/2022
11/2/2022
11/4/2022
0.12950
--
--
0.12950
10/3/2022
10/4/2022
10/6/2022
0.12893
--
--
0.12893
9/1/2022
9/2/2022
9/7/2022
0.11214
--
--
0.11214
8/1/2022
8/2/2022
8/4/2022
0.12651
--
--
0.12651
7/1/2022
7/5/2022
7/7/2022
0.11025
--
--
0.11025
6/1/2022
6/2/2022
6/6/2022
0.11493
--
--
0.11493
5/2/2022
5/3/2022
5/5/2022
0.11201
--
--
0.11201
4/1/2022
4/4/2022
4/6/2022
0.12177
--
--
0.12177
3/1/2022
3/2/2022
3/4/2022
0.09451
--
--
0.09451
2/1/2022
2/2/2022
2/4/2022
0.05914
--
--
0.05914
12/22/2021
12/23/2021
12/28/2021
0.13939
--
--
0.13939
12/1/2021
12/2/2021
12/6/2021
0.13642
--
--
0.13642
11/1/2021
11/2/2021
11/4/2021
0.14607
--
--
0.14607

Holdings

Portfolio Characteristics

As of 5/28/2024

166

Number of Bonds

5.2

Avg. Market Coupon (%)

4.02

Wtd. Avg. Maturity (yrs)

4.52

Wtd. Avg. Duration (yrs)

Top Ten Holdings

As of 5/28/2024

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

HESS MIDSTREAM OPERATION
2/15/2026
5.6
396
1.2
VISTRA OPERATIONS CO LLC
5/1/2029
4.4
371
1.1
VECTOR GROUP LTD
2/1/2029
5.8
370
1.1
GRUBHUB HOLDINGS INC
7/1/2027
5.5
358
1.1
INTESA SANPAOLO SPA
6/1/2032
4.2
338
1.0
RAIN CARBON INC
9/1/2029
12.3
318
1.0
RAKUTEN GROUP INC
2/15/2027
11.3
317
1.0
GEO GROUP INC/THE
4/15/2031
10.3
316
1.0
WEATHERFORD INTERNATIONA
4/30/2030
8.6
311
0.9
AMERIGAS PART/FIN CORP
6/1/2028
9.4
309
0.9
% of Total Holdings:
--
--
--
10.3%

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

As of 5/28/2024

Company Name

Category Name

Cusip

Shares

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

HESS MIDSTREAM OPERATION
FIXED INCOME
428102AC1
400,000
2/15/2026
5.6
396
1.2
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAH5
400,000
5/1/2029
4.4
371
1.1
VECTOR GROUP LTD
FIXED INCOME
92240MBL1
400,000
2/1/2029
5.8
370
1.1
GRUBHUB HOLDINGS INC
FIXED INCOME
40010PAA6
400,000
7/1/2027
5.5
358
1.1
INTESA SANPAOLO SPA
FIXED INCOME
46115HBQ9
400,000
6/1/2032
4.2
338
1.0
RAIN CARBON INC
FIXED INCOME
75079LAB7
300,000
9/1/2029
12.3
318
1.0
RAKUTEN GROUP INC
FIXED INCOME
75102WAG3
300,000
2/15/2027
11.3
317
1.0
GEO GROUP INC/THE
FIXED INCOME
36162JAF3
300,000
4/15/2031
10.3
316
1.0
WEATHERFORD INTERNATIONA
FIXED INCOME
947075AU1
300,000
4/30/2030
8.6
311
0.9
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AM6
300,000
6/1/2028
9.4
309
0.9
OPEN TEXT CORP
FIXED INCOME
683715AF3
300,000
12/1/2027
6.9
308
0.9
BATH & BODY WORKS INC
FIXED INCOME
501797AL8
300,000
11/1/2035
6.9
304
0.9
CVR ENERGY INC
FIXED INCOME
12662PAF5
300,000
1/15/2029
8.5
303
0.9
G-III APPAREL GROUP LTD
FIXED INCOME
36237HAA9
300,000
8/15/2025
7.9
301
0.9
XPO INC
FIXED INCOME
98379KAA0
300,000
6/1/2028
6.3
301
0.9
CHORD ENERGY CORP
FIXED INCOME
674215AL2
300,000
6/1/2026
6.4
301
0.9
REPUBLIC SERVICES INC
FIXED INCOME
760759AU4
300,000
8/15/2024
2.5
298
0.9
MICROCHIP TECHNOLOGY INC
FIXED INCOME
595017BA1
300,000
9/1/2025
4.3
295
0.9
BIOGEN INC
FIXED INCOME
09062XAF0
300,000
9/15/2025
4.0
294
0.9
LIONS GATE CAPITAL HOLD
FIXED INCOME
53627NAE1
400,000
4/15/2029
5.5
294
0.9
ALTRIA GROUP INC
FIXED INCOME
02209SBD4
300,000
2/14/2029
4.8
293
0.9
EDGEWELL PERSONAL CARE
FIXED INCOME
28035QAA0
300,000
6/1/2028
5.5
292
0.9
FORTRESS TRANS & INFRAST
FIXED INCOME
34960PAD3
300,000
5/1/2028
5.5
290
0.9
AMC NETWORKS INC
FIXED INCOME
00164VAF0
400,000
2/15/2029
4.3
286
0.9
RELX CAPITAL INC
FIXED INCOME
74949LAC6
300,000
3/18/2029
4.0
286
0.9
GARTNER INC
FIXED INCOME
366651AC1
300,000
7/1/2028
4.5
286
0.9
SCHLUMBERGER HLDGS CORP
FIXED INCOME
806851AK7
300,000
5/17/2028
3.9
285
0.9
HILTON DOMESTIC OPERATIN
FIXED INCOME
432833AF8
300,000
1/15/2030
4.9
284
0.9
HCA INC
FIXED INCOME
404119CH0
300,000
3/15/2027
3.1
282
0.8
PROG HOLDINGS INC
FIXED INCOME
74319RAA9
300,000
11/15/2029
6.0
282
0.8
IAMGOLD CORP
FIXED INCOME
450913AF5
300,000
10/15/2028
5.8
281
0.8
DELUXE CORP
FIXED INCOME
248019AU5
300,000
6/1/2029
8.0
280
0.8
WILLIAMS SCOTSMAN INC
FIXED INCOME
96950GAE2
300,000
8/15/2028
4.6
280
0.8
B58085315 CDS USD R V 03MEVENT P58085315PRO CCPCDX
SWAP
99S22SHC1
4,100,000
--
1.0
4,100
0.8
FAIR ISAAC CORP
FIXED INCOME
303250AF1
300,000
6/15/2028
4.0
278
0.8
RAYONIER AM PROD INC
FIXED INCOME
75508EAB4
300,000
1/15/2026
7.6
273
0.8
B56329597 CDS USD R V 03MEVENT P56329597PRO CCPCDX
SWAP
99S22OVX8
12,500,000
--
1.0
12,500
0.8
WABASH NATIONAL CORP
FIXED INCOME
929566AL1
300,000
10/15/2028
4.5
272
0.8
LAMB WESTON HLD
FIXED INCOME
513272AD6
300,000
1/31/2030
4.1
269
0.8
ORACLE CORP
FIXED INCOME
68389XCD5
300,000
3/25/2028
2.3
269
0.8
HOLOGIC INC
FIXED INCOME
436440AP6
300,000
2/15/2029
3.3
268
0.8
BROADCOM INC
FIXED INCOME
11135FBE0
300,000
2/15/2028
1.9
266
0.8
TRINET GROUP INC
FIXED INCOME
896288AA5
300,000
3/1/2029
3.5
265
0.8
MERCK & CO INC
FIXED INCOME
58933YBD6
300,000
12/10/2028
1.9
264
0.8
BAUSCH HEALTH COS INC
FIXED INCOME
071734AQ0
300,000
9/30/2028
11.0
263
0.8
UNISYS CORP
FIXED INCOME
909214BV9
300,000
11/1/2027
6.9
263
0.8
XEROX HOLDINGS CORP
FIXED INCOME
98421MAB2
300,000
8/15/2028
5.5
262
0.8
GAP INC/THE
FIXED INCOME
364760AP3
300,000
10/1/2029
3.6
256
0.8
ASHLAND INC
FIXED INCOME
04433LAA0
300,000
9/1/2031
3.4
252
0.8
SPRINT SPECTRUM / SPEC I
FIXED INCOME
85208NAE0
240,000
9/20/2029
5.2
238
0.7
GRAFTECH GLOBAL ENTERPRI
FIXED INCOME
38431AAA4
300,000
12/15/2028
9.9
231
0.7
HELIX ENERGY SOLUTIONS
FIXED INCOME
42330PAL1
200,000
3/1/2029
9.8
213
0.6
TAPESTRY INC
FIXED INCOME
876030AE7
200,000
11/27/2030
7.7
208
0.6
GOEASY LTD
FIXED INCOME
380355AJ6
200,000
7/1/2029
7.6
204
0.6
ELEMENT FLEET MANAGEMENT
FIXED INCOME
286181AH5
200,000
6/26/2026
6.3
202
0.6
CPI CG INC
FIXED INCOME
12598FAA7
200,000
3/15/2026
8.6
201
0.6
LKQ CORP
FIXED INCOME
501889AD1
200,000
6/15/2028
5.8
201
0.6
LIVE NATION ENTERTAINMEN
FIXED INCOME
538034AV1
200,000
5/15/2027
6.5
201
0.6
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAF0
200,000
9/15/2025
8.5
201
0.6
LENNOX INTERNATIONAL INC
FIXED INCOME
526107AG2
200,000
9/15/2028
5.5
200
0.6
CALIFORNIA RESOURCES CRP
FIXED INCOME
13057QAK3
200,000
6/15/2029
8.3
200
0.6
CIMPRESS PLC
FIXED INCOME
17186HAG7
200,000
6/15/2026
7.0
200
0.6
KEYSIGHT TECHNOLOGIES
FIXED INCOME
49338LAB9
200,000
10/30/2024
4.5
199
0.6
RITHM CAPITAL CORP
FIXED INCOME
64828TAA0
200,000
10/15/2025
6.3
199
0.6
MARATHON PETROLEUM CORP
FIXED INCOME
56585ABH4
200,000
5/1/2025
4.7
198
0.6
BAE SYSTEMS PLC
FIXED INCOME
05523RAJ6
200,000
3/26/2029
5.1
198
0.6
PHILIP MORRIS INTL INC
FIXED INCOME
718172DA4
200,000
2/15/2030
5.1
198
0.6
ELEVANCE HEALTH INC
FIXED INCOME
036752AC7
200,000
12/1/2024
3.4
198
0.6
ICAHN ENTERPRISES/FIN
FIXED INCOME
451102CG0
200,000
6/15/2030
9.0
197
0.6
HLF FIN SARL LLC/HERBALI
FIXED INCOME
40390DAD7
200,000
4/15/2029
12.3
197
0.6
PHILIP MORRIS INTL INC
FIXED INCOME
718172DH9
200,000
2/13/2031
5.1
196
0.6
ZIMMER BIOMET HOLDINGS
FIXED INCOME
98956PAU6
200,000
11/22/2024
1.4
196
0.6
CARS.COM INC
FIXED INCOME
14575EAA3
200,000
11/1/2028
6.4
195
0.6
MOTOROLA SOLUTIONS INC
FIXED INCOME
620076BL2
200,000
2/23/2028
4.6
195
0.6
TRANSDIGM INC
FIXED INCOME
893647BL0
200,000
11/15/2027
5.5
194
0.6
STRYKER CORP
FIXED INCOME
863667AH4
200,000
11/1/2025
3.4
194
0.6
FERGUSON FINANCE PLC
FIXED INCOME
314890AA2
200,000
10/24/2028
4.5
193
0.6
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AA8
195,000
9/15/2025
6.8
193
0.6
VM CONSOLIDATED INC
FIXED INCOME
91835HAA0
200,000
4/15/2029
5.5
192
0.6
LAS VEGAS SANDS CORP
FIXED INCOME
517834AE7
200,000
8/18/2026
3.5
190
0.6
WORLD ACCEPTANCE CORP
FIXED INCOME
981419AC8
200,000
11/1/2026
7.0
190
0.6
VICI PROPERTIES / NOTE
FIXED INCOME
92564RAD7
200,000
2/15/2027
3.8
189
0.6
CARLISLE COS INC
FIXED INCOME
142339AH3
200,000
12/1/2027
3.8
189
0.6
PRA HEALTH SCIENCES INC
FIXED INCOME
45569KAA1
200,000
7/15/2026
2.9
189
0.6
SILGAN HOLDINGS INC
FIXED INCOME
827048AW9
200,000
2/1/2028
4.1
188
0.6
MOOG INC
FIXED INCOME
615394AM5
200,000
12/15/2027
4.3
188
0.6
LEIDOS INC
FIXED INCOME
52532XAF2
200,000
5/15/2030
4.4
188
0.6
UNICREDIT SPA
FIXED INCOME
904678AS8
200,000
6/30/2035
5.5
188
0.6
PITNEY BOWES INC
FIXED INCOME
724479AP5
200,000
3/15/2027
6.9
188
0.6
IRON MOUNTAIN INC
FIXED INCOME
46284VAJ0
200,000
7/15/2030
5.3
187
0.6
BOOZ ALLEN HAMILTON INC
FIXED INCOME
09951LAA1
200,000
9/1/2028
3.9
187
0.6
WEIR GROUP PLC (THE)
FIXED INCOME
94876QAA4
200,000
5/13/2026
2.2
187
0.6
ARCOSA INC
FIXED INCOME
039653AA8
200,000
4/15/2029
4.4
186
0.6
TRANSDIGM INC
FIXED INCOME
893647BQ9
200,000
5/1/2029
4.9
186
0.6
1011778 BC / NEW RED FIN
FIXED INCOME
68245XAH2
200,000
1/15/2028
3.9
185
0.6
PACIFIC GAS & ELECTRIC
FIXED INCOME
694308HW0
200,000
12/1/2027
3.3
185
0.6
OPEN TEXT CORP
FIXED INCOME
683715AC0
200,000
2/15/2028
3.9
184
0.6
CTR PARTNERSHIP/CARETRST
FIXED INCOME
126458AE8
200,000
6/30/2028
3.9
184
0.6
PITNEY BOWES INC
FIXED INCOME
724479AQ3
200,000
3/15/2029
7.3
181
0.5
HOWMET AEROSPACE INC
FIXED INCOME
443201AB4
200,000
1/15/2029
3.0
180
0.5
RESORTS WORLD/RWLV CAP
FIXED INCOME
76120HAA5
200,000
4/16/2029
4.6
180
0.5
NVIDIA CORP
FIXED INCOME
67066GAF1
200,000
4/1/2030
2.9
179
0.5
DT MIDSTREAM INC
FIXED INCOME
23345MAB3
200,000
6/15/2031
4.4
179
0.5
CDW LLC/CDW FINANCE
FIXED INCOME
12513GBF5
200,000
2/15/2029
3.3
179
0.5
DAVITA INC
FIXED INCOME
23918KAS7
200,000
6/1/2030
4.6
178
0.5
T-MOBILE USA INC
FIXED INCOME
87264ABS3
200,000
2/15/2029
2.6
178
0.5
MOLINA HEALTHCARE INC
FIXED INCOME
60855RAK6
200,000
11/15/2030
3.9
176
0.5
BROADRIDGE FINANCIAL SOL
FIXED INCOME
11133TAD5
200,000
12/1/2029
2.9
176
0.5
TEXAS INSTRUMENTS INC
FIXED INCOME
882508BG8
200,000
9/4/2029
2.3
175
0.5
NVR INC
FIXED INCOME
62944TAF2
200,000
5/15/2030
3.0
174
0.5
GLOBAL NET LEASE/GLOBAL
FIXED INCOME
37892AAA8
200,000
12/15/2027
3.8
174
0.5
MURPHY OIL USA INC
FIXED INCOME
626738AF5
200,000
2/15/2031
3.8
174
0.5
TRANSOCEAN INC
FIXED INCOME
893830BL2
172,000
2/1/2027
8.0
173
0.5
MPLX LP
FIXED INCOME
55336VBQ2
200,000
8/15/2030
2.6
170
0.5
CENCORA INC
FIXED INCOME
03073EAT2
200,000
3/15/2031
2.7
169
0.5
ARKO CORP
FIXED INCOME
041242AA6
200,000
11/15/2029
5.1
169
0.5
DAVITA INC
FIXED INCOME
23918KAT5
200,000
2/15/2031
3.8
167
0.5
UNITED NATURAL FOODS INC
FIXED INCOME
911163AA1
200,000
10/15/2028
6.8
167
0.5
VIASAT INC
FIXED INCOME
92552VAN0
200,000
7/15/2028
6.5
150
0.5
RUSSIAN FEDERATION
FIXED INCOME
AO0617081
200,000
6/23/2027
4.3
149
0.4
HERBALIFE/HLF FINANCING
FIXED INCOME
42704MAA0
148,000
9/1/2025
7.9
144
0.4
TELESAT CANADA/TELESAT L
FIXED INCOME
87952VAR7
300,000
12/6/2026
5.6
144
0.4
ELDORADO GOLD CORP
FIXED INCOME
284902AF0
150,000
9/1/2029
6.3
143
0.4
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAH6
100,000
12/15/2028
11.3
108
0.3
TUTOR PERINI CORP
FIXED INCOME
901109AG3
100,000
4/30/2029
11.9
107
0.3
ORACLE CORP
FIXED INCOME
68389XCH6
100,000
11/9/2029
6.2
104
0.3
TAPESTRY INC
FIXED INCOME
876030AD9
100,000
11/27/2028
7.3
103
0.3
PBF HOLDING CO LLC
FIXED INCOME
69318FAL2
100,000
9/15/2030
7.9
103
0.3
HOWMET AEROSPACE INC
FIXED INCOME
013817AJ0
100,000
2/1/2027
5.9
101
0.3
AES CORP/THE
FIXED INCOME
00130HCK9
100,000
1/15/2055
7.6
101
0.3
GENERAL MOTORS FINL CO
FIXED INCOME
37045XEG7
100,000
4/6/2030
5.8
100
0.3
VERISIGN INC
FIXED INCOME
92343EAH5
100,000
4/1/2025
5.3
100
0.3
IMPERIAL BRANDS FIN PLC
FIXED INCOME
45262BAA1
100,000
7/26/2024
3.1
100
0.3
DELEK LOG PART/FINANCE
FIXED INCOME
24665FAC6
100,000
6/1/2028
7.1
99
0.3
TURNING POINT BRANDS INC
FIXED INCOME
90041LAF2
100,000
2/15/2026
5.6
99
0.3
AMCOR FINANCE USA INC
FIXED INCOME
02343UAG0
100,000
4/28/2026
3.6
96
0.3
THOMSON REUTERS CORP
FIXED INCOME
884903BV6
100,000
5/15/2026
3.4
96
0.3
OMEGA HLTHCARE INVESTORS
FIXED INCOME
681936BK5
100,000
1/15/2028
4.8
96
0.3
MICROSTRATEGY INC
FIXED INCOME
594972AF8
100,000
6/15/2028
6.1
96
0.3
TC PIPELINES LP
FIXED INCOME
87233QAC2
100,000
5/25/2027
3.9
95
0.3
MINERALS TECHNOLOGIES IN
FIXED INCOME
603158AA4
100,000
7/1/2028
5.0
95
0.3
ACADIA HEALTHCARE CO INC
FIXED INCOME
00404AAP4
100,000
4/15/2029
5.0
94
0.3
O'REILLY AUTOMOTIVE INC
FIXED INCOME
67103HAJ6
100,000
4/1/2030
4.2
94
0.3
BROADCOM INC
FIXED INCOME
11135FBR1
100,000
4/15/2029
4.0
94
0.3
AMN HEALTHCARE INC
FIXED INCOME
00175PAB9
100,000
10/1/2027
4.6
94
0.3
MURPHY OIL USA INC
FIXED INCOME
626738AE8
100,000
9/15/2029
4.8
94
0.3
BOOZ ALLEN HAMILTON INC
FIXED INCOME
09951LAB9
100,000
7/1/2029
4.0
93
0.3
GRAPHIC PACKAGING INTERN
FIXED INCOME
38869AAB3
100,000
3/15/2028
3.5
92
0.3
UNIVERSAL HEALTH SVCS
FIXED INCOME
913903AZ3
100,000
9/1/2026
1.6
91
0.3
NISSAN MOTOR ACCEPTANCE
FIXED INCOME
65480CAC9
100,000
9/16/2026
1.9
91
0.3
DXC TECHNOLOGY CO
FIXED INCOME
23355LAL0
100,000
9/15/2026
1.8
91
0.3
COMMERCIAL METALS CO
FIXED INCOME
201723AQ6
100,000
1/15/2030
4.1
91
0.3
GRAPHIC PACKAGING INTERN
FIXED INCOME
38869AAC1
100,000
3/1/2029
3.5
90
0.3
COMMERCIAL METALS CO
FIXED INCOME
201723AR4
100,000
3/15/2032
4.4
90
0.3
GO DADDY OPCO/FINCO
FIXED INCOME
38016LAC9
100,000
3/1/2029
3.5
90
0.3
COMMERCIAL METALS CO
FIXED INCOME
201723AP8
100,000
2/15/2031
3.9
89
0.3
GARTNER INC
FIXED INCOME
366651AE7
100,000
10/1/2030
3.8
88
0.3
TEGNA INC
FIXED INCOME
87901JAH8
100,000
9/15/2029
5.0
88
0.3
IDEX CORP
FIXED INCOME
45167RAG9
100,000
5/1/2030
3.0
87
0.3
ALLISON TRANSMISSION INC
FIXED INCOME
019736AG2
100,000
1/30/2031
3.8
87
0.3
GAP INC/THE
FIXED INCOME
364760AQ1
100,000
10/1/2031
3.9
82
0.2
SUNNOVA ENERGY CORP
FIXED INCOME
86745GAF0
100,000
9/1/2026
5.9
71
0.2
VIASAT INC
FIXED INCOME
92552VAR1
100,000
5/30/2031
7.5
69
0.2
EURO CURRENCY
CASH
--
982.23
--
0.0
1
0.0
US 10YR NOTE (CBT)Sep24
FUTURE
TYU4
1,000,000
--
0.0
1,086
0.0
US 2YR NOTE (CBT) Sep24
FUTURE
TUU4
10,000,000
--
0.0
10,176
0.0
US 5YR NOTE (CBT) Sep24
FUTURE
ADI2NF6V6
4,200,000
--
0.0
4,437
0.0
B56329597 CDS USD P F 1 P56329597FEE CCPCDX
SWAP
99S22OVY6
-12,500,000
--
1.0
-12,780
-0.8
B58085315 CDS USD P F 5 P58085315FEE CCPCDX
SWAP
99S22SHD9
-4,100,000
--
5.0
-4,381
-0.8
Total
--
--
--
--
--
46,532
95.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
4.9
Total Net Assets
--
--
--
--
--
--
100%

As of 5/28/2024

Scientific Alpha Income ETF %(SIFI)

-

Support-Services

SIFI: 7.1%

-

Software/Services

SIFI: 6.9%

-

Specialty Retail

SIFI: 6.2%

-

REITs

SIFI: 4.1%

-

Cons/Comm/Lease Financing

SIFI: 3.9%

-

Tobacco

SIFI: 3.8%

-

Aerospace/Defense

SIFI: 3.8%

-

Electronics

SIFI: 3.7%

-

Gas Distribution

SIFI: 3.2%

-

Oil Field Equipment & Services

SIFI: 3.0%

-

Chemicals

SIFI: 2.9%

-

Machinery

SIFI: 2.8%

-

Pharmaceuticals

SIFI: 2.5%

-

Health Services

SIFI: 2.4%

-

Food - Wholesale

SIFI: 2.4%

-

Oil Refining & Marketing

SIFI: 2.2%

-

Media Content

SIFI: 2.0%

-

Medical Products

SIFI: 2.0%

-

Banking

SIFI: 1.6%

-

Energy - Exploration & Production

SIFI: 1.5%

-

Investments & Misc Financial Services

SIFI: 1.5%

-

Printing & Publishing

SIFI: 1.5%

-

Hotels

SIFI: 1.4%

-

Health Facilities

SIFI: 1.4%

-

Packaging

SIFI: 1.4%

-

Tech Hardware & Equipment

SIFI: 1.4%

-

Electric-Generation

SIFI: 1.3%

-

Food & Drug Retailers

SIFI: 1.3%

-

Diversified Capital Goods

SIFI: 1.3%

-

Metals/Mining Excluding Steel

SIFI: 1.3%

-

Telecom - Wireless

SIFI: 1.3%

-

Telecom - Satellite

SIFI: 1.1%

-

Managed Care

SIFI: 1.1%

-

Non-Electric Utilities

SIFI: 1.0%

-

Transport Infrastructure/Services

SIFI: 0.9%

-

Environmental

SIFI: 0.9%

-

Personal & Household Products

SIFI: 0.9%

-

Auto Parts & Equipment

SIFI: 0.9%

-

Electric-Integrated

SIFI: 0.9%

-

Building & Construction

SIFI: 0.9%

-

Steel Producers/Products

SIFI: 0.8%

-

Theaters & Entertainment

SIFI: 0.6%

-

Advertising

SIFI: 0.6%

-

Auto Loans

SIFI: 0.6%

-

Gaming

SIFI: 0.6%

-

Restaurants

SIFI: 0.6%

-

Foreign Sovereign

SIFI: 0.4%

-

Derivatives

SIFI: -4.6%

SIFI: Scientific Alpha Income ETF %

As of 5/28/2024

Maturity

Scientific Alpha Income ETF %

0-1 yr
4.8
1-3 yr
19.2
3-5 yr
44.5
5-7 yr
22.4
7-10 yr
4.1
10-20 yr
0.9
20-30 yr
0.0
Over 30 yr
0.0

As of 5/28/2024

Duration

Scientific Alpha Income ETF %

0-1 yr
7.5
1-3 yr
24.7
3-5 yr
52.5
5-7 yr
10.3
7-10 yr
0.9
10-20 yr
0.0
20-30 yr
0.0
Over 30 yr
0.0

Investment Team


Blue Cove logo

BlueCove Limited (“BlueCove”) is a scientific asset management firm founded in 2018 that brings together leading fixed income industry investment and engineering professionals. BlueCove was founded with the specific purpose of delivering strong investment outcomes for investors by researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.

Learn More About BlueCove







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.

All investments involve risk including the possible loss of principal. Fixed income securities fluctuate in price in response to various factors, including changes in interest rates, changes in market conditions and issuer-specific events, and the value of your investment in the Fund may go down. There is a greater risk that the Fund will lose money because they invest in below- investment grade fixed income securities and unrated securities of similar credit quality (commonly referred to as “high-yield securities” or “junk bonds”). These securities are considered speculative because they have a higher risk of issuer default, are subject to greater price volatility and may be illiquid. Because the Fund may invest in securities of foreign issuers, an investment in the Fund is subject to special risks in addition to those of U.S. securities. These risks include heightened political and economic risks, greater volatility, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, possible sanctions by government bodies of other countries and less stringent investor protection and disclosure standards of foreign markets.

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).

Duration is a commonly used measure of the sensitivity of the price of a debt security, or aggregate market value of a portfolio of debt securities, to change in interest rates. Modified Duration measures the change in the value of a security in response to the change in interest rates. Securities with a longer duration are more sensitive to changes in interest rates and generally have more volatile prices than securities of comparable quality with a shorter duration.

Correlation: A statistic that measures the degree to which two variables move in relation to each other.

Wtd. Avg. Market Coupon (%): the weighted average coupon rate of the underlying bonds in the Fund.

Wtd. Avg. Maturity (yrs): the weighted average length of time to the repayment of principal for the securities in the Fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

Wtd. Avg. Duration (yrs): the weight average duration of the underlying bonds or derivative market exposures in the Fund. Duration is a time measure of a bond's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates

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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.

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