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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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.
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Consider Harbor scientific fixed income ETFs
Performance
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Full Holdings
As of 12/6/2024
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Market Value ($000's)
% of Net Assets
Sector Allocation
As of 12/6/2024
Scientific Alpha Income ETF (SIFI)
Derivatives
SIFI: 13.2%
Support-Services
SIFI: 8.7%
Software/Services
SIFI: 8.2%
Specialty Retail
SIFI: 5.3%
Gas Distribution
SIFI: 4.3%
REITs
SIFI: 4.0%
Cons/Comm/Lease Financing
SIFI: 3.9%
Aerospace/Defense
SIFI: 3.2%
Electronics
SIFI: 3.1%
Oil Refining & Marketing
SIFI: 3.0%
Machinery
SIFI: 2.8%
Pharmaceuticals
SIFI: 2.6%
Tobacco
SIFI: 2.4%
Metals/Mining Excluding Steel
SIFI: 2.3%
Tech Hardware & Equipment
SIFI: 2.1%
Media Content
SIFI: 2.1%
Chemicals
SIFI: 2.0%
Health Services
SIFI: 2.0%
Medical Products
SIFI: 1.9%
Recreation & Travel
SIFI: 1.7%
Telecom - Wireless
SIFI: 1.7%
Food - Wholesale
SIFI: 1.7%
Banking
SIFI: 1.6%
Oil Field Equipment & Services
SIFI: 1.6%
Building & Construction
SIFI: 1.5%
Energy - Exploration & Production
SIFI: 1.5%
Diversified Capital Goods
SIFI: 1.4%
Health Facilities
SIFI: 1.4%
Packaging
SIFI: 1.4%
Hotels
SIFI: 1.4%
Investments & Misc Financial Services
SIFI: 1.2%
Telecom - Wireline Integrated & Services
SIFI: 1.0%
Telecom - Satellite
SIFI: 1.0%
Transport Infrastructure/Services
SIFI: 0.9%
Non-Electric Utilities
SIFI: 0.9%
Auto Parts & Equipment
SIFI: 0.9%
Personal & Household Products
SIFI: 0.9%
Printing & Publishing
SIFI: 0.9%
Steel Producers/Products
SIFI: 0.8%
Food & Drug Retailers
SIFI: 0.8%
Beverage
SIFI: 0.7%
Theaters & Entertainment
SIFI: 0.6%
Gaming
SIFI: 0.6%
Restaurants
SIFI: 0.6%
Electric-Integrated
SIFI: 0.6%
Cable & Satellite TV
SIFI: 0.5%
Managed Care
SIFI: 0.5%
Auto Loans
SIFI: 0.3%
Electric-Generation
SIFI: 0.3%
SIFI: Scientific Alpha Income ETF
Maturity Profile
As of 12/6/2024
Maturity
Scientific Alpha Income ETF %
Duration
As of 12/6/2024
Duration
Scientific Alpha Income ETF %
Investment Team
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.
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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