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Harbor Scientific Alpha High-Yield ETF (SIHY)

An actively managed high-yield bond strategy with a systematic approach.

Harbor Scientific Alpha High-Yield ETF (SIHY)

An actively managed high-yield bond strategy with a systematic approach.

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Overview
Performance
Holdings
Investment Team
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The Harbor Scientific Alpha High-Yield ETF (SIHY) is an actively managed fixed income strategy that seeks total return through employing a structured investment process that utilizes a proprietary model-based framework in the security selection of below investment-grade (high yield) bonds.

Fund Highlights

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

Alpha + Yield Focused. Actively managed to target outperformance versus the benchmark by applying proprietary quantitative investment insights in an effort to drive performance while aiming to deliver high yield income to investors

Risk Managed. Structured to target compelling risk-adjusted returns versus the benchmark in a liquid, diversified portfolio while seeking to maintain a similar risk profile of the benchmark.

Portfolio Optimized. Seeks to maximize alpha controlling risk and transaction costs.

Diversifying Potential. May offer benefits of a complementary return stream that provides low correlated alpha to traditionally managed active high yield strategies.

Why SIHY Now!

Overview

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

Current Price

As of 7/12/2024

$45.32

Price (NAV)

$0.11

NAV Daily Change ($)

0.24%

NAV Daily Change (%)

4.18%

NAV YTD Return

$45.56

Market Price

$0.13

Market Daily Change ($)

0.29%

Market Daily Change (%)

4.57%

Market YTD Return

7.25%

Current 30-Day Sub. SEC Yield
disclaimer

7.25%

Current 30-Day Unsub. SEC Yield
disclaimer

7.50%

Effective 30-Day Sub. SEC Yield
disclaimer

7.50%

Effective 30-Day Unsub. SEC Yield
disclaimer

Fund Facts

As of 7/12/2024

9/14/2021

Inception Date

0.48

Expense Ratio (%)
disclaimer

$127.524

Total Net Assets (million)

2,813,730

Shares Outstanding
(As of 7/15/2024)

SIHY

Ticker

41151J109

Cusip

NYSE

Exchange

US41151J1097

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Monthly

Dividend Frequency

High-Yield

Morningstar Category

The ICE BofA US High Yield Index

Benchmark

Investment Objective:

The Fund seeks total return

Pricing/Trading

As of 7/12/2024

$45.57

Bid/Ask Mid Price

$45.56

Closing Market Price

$0.24

Premium/Discount ($)

0.54%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

YTD

Days Traded at a Premium16160639132
Days Traded at a Discount890000

0.22%

30-Day Median Bid/Ask Spread

675

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 Fund Inception

Net Expense Ratio

Gross Expense Ratio

Scientific Alpha High-Yield ETF - at NAV
1.53%
2.94%
11.94%
2.73%
0.48%disclaimer
0.48%
Market Price
1.10%
2.95%
12.06%
2.60%
--
--
ICE BofA US High Yield Index (H0A0)
1.09%
2.62%
10.45%
1.27%
--
--

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 High Yield Index (H0A0) Index is an unmanaged index that tracks the performance of below investment grade U.S. Dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. 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

7/1/2024
7/1/2024
7/5/2024
0.25866
--
--
0.25866
6/3/2024
6/3/2024
6/6/2024
0.32491
--
--
0.32491
5/1/2024
5/2/2024
5/6/2024
0.26263
--
--
0.26263
4/1/2024
4/2/2024
4/4/2024
0.29941
--
--
0.29941
3/1/2024
3/4/2024
3/6/2024
0.26685
--
--
0.26685
2/1/2024
2/2/2024
2/6/2024
0.28501
--
--
0.28501
12/21/2023
12/22/2023
12/27/2023
0.33139
--
--
0.33139
12/1/2023
12/4/2023
12/6/2023
0.28136
--
--
0.28136
11/1/2023
11/2/2023
11/6/2023
0.27376
--
--
0.27376
10/2/2023
10/3/2023
10/5/2023
0.27512
--
--
0.27512
9/1/2023
9/5/2023
9/7/2023
0.27672
--
--
0.27672
8/1/2023
8/2/2023
8/4/2023
0.26387
--
--
0.26387
7/3/2023
7/5/2023
7/7/2023
0.28284
--
--
0.28284
6/1/2023
6/2/2023
6/6/2023
0.28597
--
--
0.28597
5/1/2023
5/2/2023
5/4/2023
0.26127
--
--
0.26127
4/3/2023
4/4/2023
4/6/2023
0.34874
--
--
0.34874
3/1/2023
3/2/2023
3/6/2023
0.05143
--
--
0.05143
2/1/2023
2/2/2023
2/6/2023
0.26359
--
--
0.26359
12/21/2022
12/22/2022
12/27/2022
0.32126
--
--
0.32126
12/1/2022
12/2/2022
12/6/2022
0.26145
--
--
0.26145
11/1/2022
11/2/2022
11/4/2022
0.23527
--
--
0.23527
10/3/2022
10/4/2022
10/6/2022
0.24301
--
--
0.24301
9/1/2022
9/2/2022
9/7/2022
0.22966
--
--
0.22966
8/1/2022
8/2/2022
8/4/2022
0.23152
--
--
0.23152
7/1/2022
7/5/2022
7/7/2022
0.21357
--
--
0.21357
6/1/2022
6/2/2022
6/6/2022
0.21666
--
--
0.21666
5/2/2022
5/3/2022
5/5/2022
0.20488
--
--
0.20488
4/1/2022
4/4/2022
4/6/2022
0.21280
--
--
0.21280
3/1/2022
3/2/2022
3/4/2022
0.16586
--
--
0.16586
2/1/2022
2/2/2022
2/4/2022
0.17639
--
--
0.17639
12/22/2021
12/23/2021
12/28/2021
0.20058
0.00556
--
0.20614
12/1/2021
12/2/2021
12/6/2021
0.18745
--
--
0.18745
11/1/2021
11/2/2021
11/4/2021
0.24998
--
--
0.24998

Holdings

Portfolio Characteristics

As of 7/12/2024

197

Number of Bonds

6.01

Avg. Market Coupon (%)

4.48

Wtd. Avg. Maturity (yrs)

3.52

Wtd. Avg. Duration (yrs)

Top Ten Holdings

As of 7/11/2024

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

UNICREDIT SPA
6/30/2035
5.5
1,709
1.3
FORTRESS TRANS & INFRAST
5/1/2028
5.5
1,562
1.2
HILTON DOMESTIC OPERATIN
5/1/2031
4.0
1,534
1.2
RAKUTEN GROUP INC
2/15/2027
11.3
1,518
1.2
BAUSCH HEALTH COS INC
6/1/2028
4.9
1,484
1.2
DAVITA INC
6/1/2030
4.6
1,462
1.1
TEGNA INC
9/15/2029
5.0
1,443
1.1
FAIR ISAAC CORP
6/15/2028
4.0
1,406
1.1
ROYAL CARIBBEAN CRUISES
8/31/2026
5.5
1,390
1.1
TEMPUR SEALY INTL INC
4/15/2029
4.0
1,359
1.1
% of Total Holdings:
--
--
--
11.6%

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 7/11/2024

Company Name

Category Name

Cusip

Shares

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

UNICREDIT SPA
FIXED INCOME
904678AS8
1,800,000
6/30/2035
5.5
1,709
1.3
FORTRESS TRANS & INFRAST
FIXED INCOME
34960PAD3
1,600,000
5/1/2028
5.5
1,562
1.2
HILTON DOMESTIC OPERATIN
FIXED INCOME
432833AL5
1,700,000
5/1/2031
4.0
1,534
1.2
RAKUTEN GROUP INC
FIXED INCOME
75102WAG3
1,400,000
2/15/2027
11.3
1,518
1.2
BAUSCH HEALTH COS INC
FIXED INCOME
071734AN7
1,900,000
6/1/2028
4.9
1,484
1.2
DAVITA INC
FIXED INCOME
23918KAS7
1,600,000
6/1/2030
4.6
1,462
1.1
TEGNA INC
FIXED INCOME
87901JAH8
1,600,000
9/15/2029
5.0
1,443
1.1
FAIR ISAAC CORP
FIXED INCOME
303250AF1
1,500,000
6/15/2028
4.0
1,406
1.1
ROYAL CARIBBEAN CRUISES
FIXED INCOME
780153BJ0
1,400,000
8/31/2026
5.5
1,390
1.1
TEMPUR SEALY INTL INC
FIXED INCOME
88023UAH4
1,500,000
4/15/2029
4.0
1,359
1.1
VECTOR GROUP LTD
FIXED INCOME
92240MBL1
1,400,000
2/1/2029
5.8
1,328
1.0
VISTRA CORP
FIXED INCOME
92840VAA0
1,300,000
9/1/2026
5.5
1,291
1.0
GRIFFON CORPORATION
FIXED INCOME
398433AP7
1,300,000
3/1/2028
5.8
1,273
1.0
JAZZ SECURITIES DAC
FIXED INCOME
47216FAA5
1,300,000
1/15/2029
4.4
1,215
1.0
AMC NETWORKS INC
FIXED INCOME
00164VAF0
1,700,000
2/15/2029
4.3
1,184
0.9
MOLINA HEALTHCARE INC
FIXED INCOME
60855RAL4
1,300,000
5/15/2032
3.9
1,137
0.9
TRANSDIGM INC
FIXED INCOME
893647BQ9
1,200,000
5/1/2029
4.9
1,135
0.9
TRANSDIGM INC
FIXED INCOME
893647BP1
1,200,000
1/15/2029
4.6
1,131
0.9
VERTIV GROUP CORPORATION
FIXED INCOME
92535UAB0
1,200,000
11/15/2028
4.1
1,128
0.9
LIVE NATION ENTERTAINMEN
FIXED INCOME
538034AV1
1,100,000
5/15/2027
6.5
1,115
0.9
LAMB WESTON HLD
FIXED INCOME
513272AD6
1,200,000
1/31/2030
4.1
1,103
0.9
1011778 BC / NEW RED FIN
FIXED INCOME
68245XAP4
1,200,000
2/15/2029
3.5
1,102
0.9
HLF FIN SARL LLC/HERBALI
FIXED INCOME
40390DAD7
1,100,000
4/15/2029
12.3
1,102
0.9
BATH & BODY WORKS INC
FIXED INCOME
501797AM6
1,100,000
7/1/2036
6.8
1,101
0.9
HESS MIDSTREAM OPERATION
FIXED INCOME
428102AC1
1,100,000
2/15/2026
5.6
1,096
0.9
HOLOGIC INC
FIXED INCOME
436440AP6
1,200,000
2/15/2029
3.3
1,086
0.9
GAP INC/THE
FIXED INCOME
364760AP3
1,200,000
10/1/2029
3.6
1,053
0.8
CARVANA CO
FIXED INCOME
146869AL6
965,000
12/1/2028
12.0
1,040
0.8
XEROX HOLDINGS CORP
FIXED INCOME
98421MAB2
1,250,000
8/15/2028
5.5
1,033
0.8
INTESA SANPAOLO SPA
FIXED INCOME
46115HBQ9
1,200,000
6/1/2032
4.2
1,032
0.8
JAGUAR LAND ROVER AUTOMO
FIXED INCOME
47010BAJ3
1,000,000
10/15/2025
7.8
1,005
0.8
BOYD GAMING CORP
FIXED INCOME
103304BV2
1,100,000
6/15/2031
4.8
1,000
0.8
NCL CORPORATION LTD
FIXED INCOME
62886HBA8
1,000,000
3/15/2026
5.9
993
0.8
CHURCHILL DOWNS INC
FIXED INCOME
12511VAA6
1,000,000
4/1/2030
5.8
980
0.8
ANTERO MIDSTREAM PART/FI
FIXED INCOME
03690AAH9
1,000,000
6/15/2029
5.4
975
0.8
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AA8
973,000
9/15/2025
6.8
937
0.7
DELEK LOG PART/FINANCE
FIXED INCOME
24665FAD4
900,000
3/15/2029
8.6
936
0.7
IRON MOUNTAIN INFO MGMT
FIXED INCOME
46285MAA8
1,000,000
7/15/2032
5.0
930
0.7
GEO GROUP INC/THE
FIXED INCOME
36162JAE6
900,000
4/15/2029
8.6
930
0.7
RESORTS WORLD/RWLV CAP
FIXED INCOME
76120HAA5
1,000,000
4/16/2029
4.6
906
0.7
CVR ENERGY INC
FIXED INCOME
12662PAF5
900,000
1/15/2029
8.5
905
0.7
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBE6
900,000
4/15/2032
6.1
896
0.7
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AJ3
900,000
8/20/2026
5.9
879
0.7
PG&E CORP
FIXED INCOME
69331CAJ7
900,000
7/1/2030
5.3
866
0.7
GOEASY LTD
FIXED INCOME
380355AH0
800,000
12/1/2028
9.3
855
0.7
DELUXE CORP
FIXED INCOME
248019AU5
900,000
6/1/2029
8.0
849
0.7
GAP INC/THE
FIXED INCOME
364760AQ1
1,000,000
10/1/2031
3.9
845
0.7
WEATHERFORD INTERNATIONA
FIXED INCOME
947075AU1
800,000
4/30/2030
8.6
834
0.7
CALIFORNIA RESOURCES CRP
FIXED INCOME
13057QAK3
800,000
6/15/2029
8.3
823
0.6
VECTOR GROUP LTD
FIXED INCOME
92240MBJ6
800,000
11/1/2026
10.5
808
0.6
UNISYS CORP
FIXED INCOME
909214BV9
900,000
11/1/2027
6.9
802
0.6
GLOBAL NET LEASE/GLOBAL
FIXED INCOME
37892AAA8
900,000
12/15/2027
3.8
802
0.6
GRUBHUB HOLDINGS INC
FIXED INCOME
40010PAA6
880,000
7/1/2027
5.5
801
0.6
CIMPRESS PLC
FIXED INCOME
17186HAG7
800,000
6/15/2026
7.0
798
0.6
RITHM CAPITAL CORP
FIXED INCOME
64828TAA0
800,000
10/15/2025
6.3
798
0.6
ALLISON TRANSMISSION INC
FIXED INCOME
019736AG2
900,000
1/30/2031
3.8
796
0.6
HOWARD HUGHES CORP
FIXED INCOME
44267DAF4
900,000
2/1/2031
4.4
786
0.6
RITHM CAPITAL CORP
FIXED INCOME
64828TAB8
800,000
4/1/2029
8.0
784
0.6
PROG HOLDINGS INC
FIXED INCOME
74319RAA9
800,000
11/15/2029
6.0
761
0.6
IAMGOLD CORP
FIXED INCOME
450913AF5
800,000
10/15/2028
5.8
759
0.6
MUELLER WATER PRODUCTS
FIXED INCOME
624758AF5
800,000
6/15/2029
4.0
740
0.6
AMERICAN AIRLINES/AADVAN
FIXED INCOME
00253XAA9
733,332.67
4/20/2026
5.5
730
0.6
ELDORADO GOLD CORP
FIXED INCOME
284902AF0
750,000
9/1/2029
6.3
726
0.6
UNITED NATURAL FOODS INC
FIXED INCOME
911163AA1
800,000
10/15/2028
6.8
723
0.6
HOWARD HUGHES CORP
FIXED INCOME
44267DAE7
800,000
2/1/2029
4.1
723
0.6
GOEASY LTD
FIXED INCOME
380355AJ6
700,000
7/1/2029
7.6
716
0.6
MURPHY OIL USA INC
FIXED INCOME
626738AF5
800,000
2/15/2031
3.8
707
0.6
USA COM PART/USA COM FIN
FIXED INCOME
91740PAF5
700,000
9/1/2027
6.9
703
0.6
FIVE POINT OP CO LP/FIVE
FIXED INCOME
33834YAB4
683,958
1/15/2028
10.5
702
0.6
G-III APPAREL GROUP LTD
FIXED INCOME
36237HAA9
700,000
8/15/2025
7.9
702
0.6
VIASAT INC
FIXED INCOME
92552VAR1
1,000,000
5/30/2031
7.5
701
0.6
CHORD ENERGY CORP
FIXED INCOME
674215AL2
700,000
6/1/2026
6.4
701
0.6
INTESA SANPAOLO SPA
FIXED INCOME
46115HAW7
700,000
1/15/2026
5.7
698
0.5
NRG ENERGY INC
FIXED INCOME
629377CR1
800,000
2/15/2031
3.6
696
0.5
DELEK LOG PART/FINANCE
FIXED INCOME
24665FAC6
700,000
6/1/2028
7.1
695
0.5
HOLOGIC INC
FIXED INCOME
436440AM3
700,000
2/1/2028
4.6
675
0.5
MURPHY OIL USA INC
FIXED INCOME
626738AE8
700,000
9/15/2029
4.8
671
0.5
FIRSTCASH INC
FIXED INCOME
31944TAA8
700,000
1/1/2030
5.6
670
0.5
UNITI GROUP/CSL CAPITAL
FIXED INCOME
91327BAA8
1,000,000
2/15/2029
6.5
661
0.5
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765LAT4
700,000
5/15/2029
4.5
660
0.5
BWX TECHNOLOGIES INC
FIXED INCOME
05605HAB6
700,000
6/30/2028
4.1
660
0.5
BWX TECHNOLOGIES INC
FIXED INCOME
05605HAC4
700,000
4/15/2029
4.1
650
0.5
RAIN CARBON INC
FIXED INCOME
75079LAB7
600,000
9/1/2029
12.3
650
0.5
CTR PARTNERSHIP/CARETRST
FIXED INCOME
126458AE8
700,000
6/30/2028
3.9
645
0.5
ENCOMPASS HEALTH CORP
FIXED INCOME
29261AAE0
700,000
4/1/2031
4.6
643
0.5
HLF FIN SARL LLC/HERBALI
FIXED INCOME
40390DAC9
900,000
6/1/2029
4.9
626
0.5
ATKORE INC
FIXED INCOME
047649AA6
700,000
6/1/2031
4.3
625
0.5
GRAFTECH FINANCE INC
FIXED INCOME
384311AA4
900,000
12/15/2028
4.6
623
0.5
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AM6
600,000
6/1/2028
9.4
622
0.5
PBF HOLDING CO LLC
FIXED INCOME
69318FAL2
600,000
9/15/2030
7.9
619
0.5
IQVIA INC
FIXED INCOME
46266TAA6
600,000
5/15/2027
5.0
591
0.5
UPBOUND GROUP INC
FIXED INCOME
76009NAL4
600,000
2/15/2029
6.4
584
0.5
MICROSTRATEGY INC
FIXED INCOME
594972AF8
600,000
6/15/2028
6.1
583
0.5
PITNEY BOWES INC
FIXED INCOME
724479AP5
600,000
3/15/2027
6.9
582
0.5
MARRIOTT OWNERSHIP RESOR
FIXED INCOME
57164PAF3
600,000
1/15/2028
4.8
574
0.5
LIONS GATE CAPITAL HOLD
FIXED INCOME
53627NAE1
900,000
4/15/2029
5.5
574
0.5
RAYONIER AM PROD INC
FIXED INCOME
75508EAB4
600,000
1/15/2026
7.6
568
0.4
VIASAT INC
FIXED INCOME
92552VAN0
700,000
7/15/2028
6.5
562
0.4
CVR ENERGY INC
FIXED INCOME
12662PAD0
600,000
2/15/2028
5.8
561
0.4
PITNEY BOWES INC
FIXED INCOME
724479AQ3
600,000
3/15/2029
7.3
558
0.4
WABASH NATIONAL CORP
FIXED INCOME
929566AL1
600,000
10/15/2028
4.5
548
0.4
TUTOR PERINI CORP
FIXED INCOME
901109AG3
500,000
4/30/2029
11.9
543
0.4
HILTON GRAND VAC BOR ESC
FIXED INCOME
43284MAB4
600,000
7/1/2031
4.9
538
0.4
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AC4
600,000
3/15/2029
8.8
537
0.4
BUILDERS FIRSTSOURCE INC
FIXED INCOME
12008RAP2
600,000
2/1/2032
4.3
535
0.4
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAH6
500,000
12/15/2028
11.3
535
0.4
ENERGY TRANSFER LP
FIXED INCOME
29273VAX8
500,000
5/15/2054
8.0
526
0.4
TRIUMPH GROUP INC
FIXED INCOME
896818AU5
500,000
3/15/2028
9.0
525
0.4
ALLIANCE RES OP/FINANCE
FIXED INCOME
01879NAC9
500,000
6/15/2029
8.6
523
0.4
ICAHN ENTERPRISES/FIN
FIXED INCOME
451102CD7
500,000
1/15/2029
9.8
522
0.4
DAVITA INC
FIXED INCOME
23918KAT5
600,000
2/15/2031
3.8
517
0.4
EMBECTA CORP
FIXED INCOME
29082KAA3
600,000
2/15/2030
5.0
506
0.4
LIFE TIME INC
FIXED INCOME
53190FAC9
500,000
4/15/2026
8.0
504
0.4
FIRSTCASH INC
FIXED INCOME
33767DAD7
500,000
3/1/2032
6.9
501
0.4
PRA GROUP INC
FIXED INCOME
69354NAE6
500,000
2/1/2028
8.4
500
0.4
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAF0
498,000
9/15/2025
8.5
499
0.4
ALLISON TRANSMISSION INC
FIXED INCOME
019736AF4
500,000
6/1/2029
5.9
498
0.4
GFL ENVIRONMENTAL INC
FIXED INCOME
36168QAK0
500,000
8/1/2025
3.8
496
0.4
PBF HOLDING CO LLC
FIXED INCOME
69318FAJ7
500,000
2/15/2028
6.0
490
0.4
NEXSTAR MEDIA INC
FIXED INCOME
65343HAA9
500,000
7/15/2027
5.6
483
0.4
ADTALEM GLOBAL EDUCATION
FIXED INCOME
00737WAA7
500,000
3/1/2028
5.5
483
0.4
VM CONSOLIDATED INC
FIXED INCOME
91835HAA0
500,000
4/15/2029
5.5
482
0.4
FORESTAR GROUP INC
FIXED INCOME
346232AF8
500,000
5/15/2026
3.9
482
0.4
PARK-OHIO INDUSTRIES INC
FIXED INCOME
700677AR8
500,000
4/15/2027
6.6
482
0.4
GRAFTECH GLOBAL ENTERPRI
FIXED INCOME
38431AAA4
600,000
12/15/2028
9.9
478
0.4
ALLEGIANT TRAVEL CO
FIXED INCOME
01748XAD4
500,000
8/15/2027
7.3
477
0.4
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCL5
600,000
6/1/2033
4.5
476
0.4
ICAHN ENTERPRISES/FIN
FIXED INCOME
451102BZ9
500,000
5/15/2027
5.3
475
0.4
SUNNOVA ENERGY CORP
FIXED INCOME
86745GAF0
600,000
9/1/2026
5.9
473
0.4
ARCOSA INC
FIXED INCOME
039653AA8
500,000
4/15/2029
4.4
465
0.4
XEROX CORPORATION
FIXED INCOME
984121CB7
600,000
12/15/2039
6.8
460
0.4
TEGNA INC
FIXED INCOME
87901JAJ4
500,000
3/15/2028
4.6
458
0.4
COMMERCIAL METALS CO
FIXED INCOME
201723AQ6
500,000
1/15/2030
4.1
458
0.4
NEXSTAR MEDIA INC
FIXED INCOME
65336YAN3
500,000
11/1/2028
4.8
454
0.4
TRINET GROUP INC
FIXED INCOME
896288AA5
500,000
3/1/2029
3.5
450
0.4
COMMERCIAL METALS CO
FIXED INCOME
201723AP8
500,000
2/15/2031
3.9
447
0.4
SABRE GLBL INC
FIXED INCOME
78573NAH5
450,000
12/15/2027
11.3
446
0.4
CROCS INC
FIXED INCOME
227046AB5
500,000
8/15/2031
4.1
441
0.3
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCD3
500,000
3/1/2030
4.8
437
0.3
HILTON DOMESTIC OPERATIN
FIXED INCOME
432833AN1
500,000
2/15/2032
3.6
437
0.3
HELIX ENERGY SOLUTIONS
FIXED INCOME
42330PAL1
400,000
3/1/2029
9.8
425
0.3
RAKUTEN GROUP INC
FIXED INCOME
75102WAK4
400,000
4/15/2029
9.8
422
0.3
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCQ4
500,000
2/1/2032
4.8
414
0.3
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCK7
500,000
2/1/2031
4.3
412
0.3
MANITOWOC COMPANY INC
FIXED INCOME
563571AL2
400,000
4/1/2026
9.0
402
0.3
FAIR ISAAC CORP
FIXED INCOME
303250AE4
400,000
5/15/2026
5.3
397
0.3
CARS.COM INC
FIXED INCOME
14575EAA3
400,000
11/1/2028
6.4
392
0.3
BRIGHTSPHERE INVESTMENT
FIXED INCOME
10948WAA1
400,000
7/27/2026
4.8
385
0.3
WORLD ACCEPTANCE CORP
FIXED INCOME
981419AC8
400,000
11/1/2026
7.0
383
0.3
CALUMET SPECIALTY PROD
FIXED INCOME
131477AW1
400,000
7/15/2028
9.8
380
0.3
NATIONSTAR MTG HLD INC
FIXED INCOME
63861CAE9
400,000
11/15/2031
5.8
380
0.3
DISH DBS CORP
FIXED INCOME
25470XAY1
600,000
7/1/2026
7.8
379
0.3
CALUMET SPECIALTY PROD
FIXED INCOME
131477AV3
400,000
1/15/2027
8.1
375
0.3
FRONTIER COMMUNICATIONS
FIXED INCOME
35906ABG2
400,000
5/1/2029
6.8
373
0.3
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AB6
400,000
9/30/2026
6.5
359
0.3
FOOT LOCKER INC
FIXED INCOME
344849AA2
400,000
10/1/2029
4.0
339
0.3
TURNING POINT BRANDS INC
FIXED INCOME
90041LAF2
342,000
2/15/2026
5.6
338
0.3
GEO GROUP INC/THE
FIXED INCOME
36162JAF3
300,000
4/15/2031
10.3
318
0.3
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765KAA7
300,000
9/15/2028
7.0
309
0.2
ENPRO INC
FIXED INCOME
29355XAG2
300,000
10/15/2026
5.8
298
0.2
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBD8
300,000
4/15/2030
5.9
296
0.2
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AL8
300,000
5/20/2027
5.8
288
0.2
LADDER CAP FIN LLLP/CORP
FIXED INCOME
505742AM8
300,000
2/1/2027
4.3
286
0.2
ONEMAIN FINANCE CORP
FIXED INCOME
85172FAR0
300,000
11/15/2029
5.4
285
0.2
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAH5
300,000
5/1/2029
4.4
282
0.2
LADDER CAP FIN LLLP/CORP
FIXED INCOME
505742AP1
300,000
6/15/2029
4.8
282
0.2
KBR INC
FIXED INCOME
48242WAC0
300,000
9/30/2028
4.8
282
0.2
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765LAZ0
300,000
4/30/2030
4.5
279
0.2
BAUSCH HEALTH AMERICAS
FIXED INCOME
91911XAV6
300,000
4/1/2026
9.3
273
0.2
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBC0
300,000
4/1/2031
4.4
271
0.2
XEROX CORPORATION
FIXED INCOME
984121CL5
400,000
3/1/2035
4.8
266
0.2
CSC HOLDINGS LLC
FIXED INCOME
126307BF3
400,000
2/15/2031
3.4
256
0.2
CSC HOLDINGS LLC
FIXED INCOME
126307AQ0
300,000
4/15/2027
5.5
249
0.2
DISH DBS CORP
FIXED INCOME
25470XBE4
300,000
12/1/2026
5.3
242
0.2
SUNNOVA ENERGY CORP
FIXED INCOME
86745GAG8
300,000
10/1/2028
11.8
217
0.2
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAP7
200,000
10/15/2031
7.8
210
0.2
UNICREDIT SPA
FIXED INCOME
904678AQ2
200,000
4/2/2034
7.3
207
0.2
PILGRIM'S PRIDE CORP
FIXED INCOME
72147KAK4
200,000
7/1/2033
6.3
206
0.2
AES CORP/THE
FIXED INCOME
00130HCK9
200,000
1/15/2055
7.6
204
0.2
STARWOOD PROPERTY TRUST
FIXED INCOME
85571BAL9
200,000
3/15/2025
4.8
198
0.2
HERBALIFE/HLF FINANCING
FIXED INCOME
42704MAA0
193,000
9/1/2025
7.9
191
0.2
HILTON GRAND VAC BOR ESC
FIXED INCOME
43284MAA6
200,000
6/1/2029
5.0
188
0.1
MARRIOTT OWNERSHIP RESOR
FIXED INCOME
57164PAH9
200,000
6/15/2029
4.5
185
0.1
PARKLAND CORP
FIXED INCOME
70137WAL2
200,000
5/1/2030
4.6
184
0.1
PENSKE AUTOMOTIVE GROUP
FIXED INCOME
70959WAK9
200,000
6/15/2029
3.8
182
0.1
ARKO CORP
FIXED INCOME
041242AA6
200,000
11/15/2029
5.1
175
0.1
ONEMAIN FINANCE CORP
FIXED INCOME
682691AA8
200,000
9/15/2030
4.0
174
0.1
CSC HOLDINGS LLC
FIXED INCOME
126307BN6
200,000
1/31/2029
11.8
174
0.1
PRA GROUP INC
FIXED INCOME
69354NAD8
200,000
10/1/2029
5.0
172
0.1
AMC NETWORKS INC
FIXED INCOME
00164VAG8
100,000
1/15/2029
10.3
100
0.1
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAB8
100,000
2/15/2027
5.6
99
0.1
ASGN INCORPORATED
FIXED INCOME
00191UAA0
100,000
5/15/2028
4.6
95
0.1
GYP HOLDINGS III CORP
FIXED INCOME
36261NAA5
100,000
5/1/2029
4.6
93
0.1
CROCS INC
FIXED INCOME
227046AA7
100,000
3/15/2029
4.3
92
0.1
CABLE ONE INC
FIXED INCOME
12685JAC9
100,000
11/15/2030
4.0
75
0.1
PREMIER ENTERTAINMENT SU
FIXED INCOME
74052HAA2
100,000
9/1/2029
5.6
75
0.1
NRG ENERGY INC
FIXED INCOME
629377CS9
72,000
2/15/2032
3.9
63
0.0
EURO CURRENCY
CASH
--
1,745.17
--
0.0
2
0.0
Total
--
--
--
--
--
124,162
97.9
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.1
Total Net Assets
--
--
--
--
--
--
100%

As of 7/12/2024

Scientific Alpha High-Yield ETF (SIHY)

ICE BofA US High Yield Index (H0A0)

-

Specialty Retail

SIHY: 7.3%

Benchmark: 3.5%

-

Cons/Comm/Lease Financing

SIHY: 5.8%

Benchmark: 4.0%

-

Oil Refining & Marketing

SIHY: 5.1%

Benchmark: 1.2%

-

REITs

SIHY: 4.3%

Benchmark: 3.6%

-

Media Content

SIHY: 3.8%

Benchmark: 2.6%

-

Gas Distribution

SIHY: 3.5%

Benchmark: 4.8%

-

Aerospace/Defense

SIHY: 3.5%

Benchmark: 2.2%

-

Hotels

SIHY: 3.5%

Benchmark: 1.1%

-

Food - Wholesale

SIHY: 3.2%

Benchmark: 1.9%

-

Software/Services

SIHY: 2.9%

Benchmark: 3.4%

-

Banking

SIHY: 2.9%

Benchmark: 0.8%

-

Support-Services

SIHY: 2.8%

Benchmark: 6.0%

-

Metals/Mining Excluding Steel

SIHY: 2.8%

Benchmark: 1.7%

-

Electric-Generation

SIHY: 2.7%

Benchmark: 1.9%

-

Recreation & Travel

SIHY: 2.7%

Benchmark: 3.1%

-

Cable & Satellite TV

SIHY: 2.4%

Benchmark: 4.2%

-

Pharmaceuticals

SIHY: 2.4%

Benchmark: 2.0%

-

Tech Hardware & Equipment

SIHY: 2.3%

Benchmark: 1.3%

-

RealEstate Dev & Mgt

SIHY: 2.1%

Benchmark: 0.7%

-

Machinery

SIHY: 2.1%

Benchmark: 1.4%

-

Health Services

SIHY: 2.0%

Benchmark: 1.8%

-

Tobacco

SIHY: 2.0%

Benchmark: 0.2%

-

Medical Products

SIHY: 1.8%

Benchmark: 1.3%

-

Investments & Misc Financial Services

SIHY: 1.7%

Benchmark: 2.0%

-

Gaming

SIHY: 1.6%

Benchmark: 2.6%

-

Diversified Capital Goods

SIHY: 1.6%

Benchmark: 0.4%

-

Oil Field Equipment & Services

SIHY: 1.6%

Benchmark: 1.8%

-

Building Materials

SIHY: 1.4%

Benchmark: 1.8%

-

Non-Electric Utilities

SIHY: 1.4%

Benchmark: 0.3%

-

Printing & Publishing

SIHY: 1.3%

Benchmark: 0.4%

-

Food & Drug Retailers

SIHY: 1.2%

Benchmark: 1.1%

-

Energy - Exploration & Production

SIHY: 1.2%

Benchmark: 4.1%

-

Personal & Household Products

SIHY: 1.1%

Benchmark: 1.5%

-

Auto Parts & Equipment

SIHY: 1.0%

Benchmark: 1.9%

-

Telecom - Satellite

SIHY: 1.0%

Benchmark: 0.7%

-

Chemicals

SIHY: 1.0%

Benchmark: 2.5%

-

Air Transportation

SIHY: 1.0%

Benchmark: 1.5%

-

Managed Care

SIHY: 0.9%

Benchmark: 0.3%

-

Theaters & Entertainment

SIHY: 0.9%

Benchmark: 0.5%

-

Restaurants

SIHY: 0.9%

Benchmark: 1.2%

-

Electric-Integrated

SIHY: 0.8%

Benchmark: 0.7%

-

Automakers

SIHY: 0.8%

Benchmark: 0.3%

-

Steel Producers/Products

SIHY: 0.7%

Benchmark: 0.7%

-

Health Facilities

SIHY: 0.5%

Benchmark: 2.7%

-

Building & Construction

SIHY: 0.4%

Benchmark: 1.6%

-

Environmental

SIHY: 0.4%

Benchmark: 0.7%

-

Telecom - Wireline Integrated & Services

SIHY: 0.4%

Benchmark: 4.0%

-

Advertising

SIHY: 0.3%

Benchmark: 1.2%

-

Auto Loans

SIHY: NaN%

Benchmark: 0.0%

-

Beverage

SIHY: NaN%

Benchmark: 0.1%

-

Brokerage

SIHY: NaN%

Benchmark: 0.3%

-

Department Stores

SIHY: NaN%

Benchmark: 0.5%

-

Derivatives

SIHY: NaN%

Benchmark: NaN%

-

Discount Stores

SIHY: NaN%

Benchmark: 0.0%

-

Electric-Distr/Trans

SIHY: NaN%

Benchmark: 0.1%

-

Electronics

SIHY: NaN%

Benchmark: 0.9%

-

Forestry/Paper

SIHY: NaN%

Benchmark: 0.2%

-

Insurance Brokerage

SIHY: NaN%

Benchmark: 2.2%

-

Life Insurance

SIHY: NaN%

Benchmark: 0.2%

-

Media - Diversified

SIHY: NaN%

Benchmark: 0.2%

-

Multi-Line Insurance

SIHY: NaN%

Benchmark: 0.0%

-

Packaging

SIHY: NaN%

Benchmark: 2.5%

-

P&C

SIHY: NaN%

Benchmark: 0.2%

-

Rail

SIHY: NaN%

Benchmark: 0.2%

-

Telecom - Wireless

SIHY: NaN%

Benchmark: 0.6%

-

Transport Infrastructure/Services

SIHY: NaN%

Benchmark: 0.3%

-

Trucking & Delivery

SIHY: NaN%

Benchmark: 0.1%

SIHY: Scientific Alpha High-Yield ETF

Benchmark: ICE BofA US High Yield Index (H0A0)

As of 7/12/2024

Maturity

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr
0.6
0.2
1-3 yr
21.4
18.9
3-5 yr
47.0
41.2
5-7 yr
22.7
27.9
7-10 yr
5.9
10.2
10-20 yr
1.4
1.2
20-30 yr
0.0
0.4
Over 30 yr
0.0
0.0

As of 7/12/2024

Duration

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr
5.8
4.9
1-3 yr
26.0
30.3
3-5 yr
50.9
52.4
5-7 yr
14.8
10.6
7-10 yr
1.4
1.2
10-20 yr
0.0
0.6
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.

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

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.

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

For former Harbor High-Yield Bond Fund shareholders:

American Stock Transfer & Trust Company, LLC (AST) is Cypress Trust Company transfer agent and dividend disbursing agent.  AST's automated telephone support services are available 24 hours per day, seven days per week. 

AST may be contacted as follows:

  • Mailing Address
    AST
    Attention:  Harbor Capital MF
    6201 15th Avenue
    Brooklyn, NY  11219
  • Telephone
    An AST shareholder services representative can be reached at (800) 937-5449 between the hours of 8 a.m. and 8 p.m. Eastern Time, Monday through Friday. An Interactive Voice Response System is available 24 hours a day, seven days a week.
  • Website
    Shareholders can access information on AST's website at https://www.astfinancial.com/login

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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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