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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, CFA
Michael Harper, CFA
Garth Flannery, CFA
Benoy Thomas, CFA

Current Price

As of 2/29/2024

$44.89

Price (NAV)

$0.04

NAV Daily Change ($)

0.09%

NAV Daily Change (%)

--

NAV YTD Return

Fund Facts

As of 2/29/2024

9/14/2021

Inception Date

0.48

Expense Ratio (%)
disclaimer

$123.964

Total Net Assets (million)

2,763,730

Shares Outstanding
(As of 2/29/2024)

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 2/28/2024

$45.09

Bid/Ask Mid Price

$45.09

Closing Market Price

$0.23

Premium/Discount ($)

0.52%

Premium/Discount (%)

0.22%

30-Day Median Bid/Ask Spread

7,668

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

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 High-Yield ETF - at NAV
7.83%
13.68%
13.68%
2.03%
0.48%disclaimer
0.48%
Fund Market Price
8.19%
13.31%
13.31%
1.87%
--
--
ICE BofA US High Yield Index (H0A0)
7.06%
13.46%
13.46%
0.42%
--
--

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

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 2/28/2024

Scientific Alpha High-Yield ETF

ICE BofA US High Yield Index (H0A0)

Number of Bonds

201
1847

Avg. Market Coupon (%)

5.98
6.18

Wtd. Avg. Maturity (yrs)

4.73
4.77

Wtd. Avg. Duration (yrs)

3.69
3.54

Top Ten Holdings

As of 2/28/2024

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

UNICREDIT SPA
6/30/2035
5.5
1,668
1.3
HILTON DOMESTIC OPERATIN
5/1/2031
4.0
1,511
1.2
NEW FORTRESS ENERGY INC
9/15/2025
6.8
1,479
1.2
FORTRESS TRANS & INFRAST
5/1/2028
5.5
1,439
1.2
TEGNA INC
9/15/2029
5.0
1,417
1.1
DAVITA INC
6/1/2030
4.6
1,405
1.1
FAIR ISAAC CORP
6/15/2028
4.0
1,390
1.1
TEMPUR SEALY INTL INC
4/15/2029
4.0
1,337
1.1
ROYAL CARIBBEAN CRUISES
8/15/2027
11.6
1,298
1.0
USA COM PART/USA COM FIN
4/1/2026
6.9
1,298
1.0
% of Total Holdings:
--
--
--
11.3%

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

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
1,668
1.3
HILTON DOMESTIC OPERATIN
FIXED INCOME
432833AL5
1,700,000
5/1/2031
4.0
1,511
1.2
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AA8
1,500,000
9/15/2025
6.8
1,479
1.2
FORTRESS TRANS & INFRAST
FIXED INCOME
34960PAD3
1,500,000
5/1/2028
5.5
1,439
1.2
TEGNA INC
FIXED INCOME
87901JAH8
1,600,000
9/15/2029
5.0
1,417
1.1
DAVITA INC
FIXED INCOME
23918KAS7
1,600,000
6/1/2030
4.6
1,405
1.1
FAIR ISAAC CORP
FIXED INCOME
303250AF1
1,500,000
6/15/2028
4.0
1,390
1.1
TEMPUR SEALY INTL INC
FIXED INCOME
88023UAH4
1,500,000
4/15/2029
4.0
1,337
1.1
ROYAL CARIBBEAN CRUISES
FIXED INCOME
780153BL5
1,200,000
8/15/2027
11.6
1,298
1.0
USA COM PART/USA COM FIN
FIXED INCOME
91740PAC2
1,300,000
4/1/2026
6.9
1,298
1.0
VECTOR GROUP LTD
FIXED INCOME
92240MBL1
1,400,000
2/1/2029
5.8
1,286
1.0
VISTRA CORP
FIXED INCOME
92840VAA0
1,300,000
9/1/2026
5.5
1,282
1.0
GRIFFON CORPORATION
FIXED INCOME
398433AP7
1,300,000
3/1/2028
5.8
1,259
1.0
JAZZ SECURITIES DAC
FIXED INCOME
47216FAA5
1,300,000
1/15/2029
4.4
1,195
1.0
TRANSOCEAN INC
FIXED INCOME
893830BQ1
1,100,000
1/30/2027
11.5
1,150
0.9
UNITI GROUP/CSL CAPITAL
FIXED INCOME
91327BAA8
1,500,000
2/15/2029
6.5
1,150
0.9
XEROX HOLDINGS CORP
FIXED INCOME
98421MAB2
1,250,000
8/15/2028
5.5
1,130
0.9
ASTON MARTIN CAPITAL HOL
FIXED INCOME
04625HAG4
1,100,000
11/30/2025
10.5
1,117
0.9
MOLINA HEALTHCARE INC
FIXED INCOME
60855RAL4
1,300,000
5/15/2032
3.9
1,116
0.9
LIVE NATION ENTERTAINMEN
FIXED INCOME
538034AV1
1,100,000
5/15/2027
6.5
1,109
0.9
AMC NETWORKS INC
FIXED INCOME
00164VAF0
1,700,000
2/15/2029
4.3
1,109
0.9
TRANSDIGM INC
FIXED INCOME
893647BQ9
1,200,000
5/1/2029
4.9
1,109
0.9
TRANSDIGM INC
FIXED INCOME
893647BP1
1,200,000
1/15/2029
4.6
1,107
0.9
BATH & BODY WORKS INC
FIXED INCOME
501797AM6
1,100,000
7/1/2036
6.8
1,089
0.9
LAMB WESTON HLD
FIXED INCOME
513272AD6
1,200,000
1/31/2030
4.1
1,086
0.9
1011778 BC / NEW RED FIN
FIXED INCOME
68245XAP4
1,200,000
2/15/2029
3.5
1,083
0.9
HOLOGIC INC
FIXED INCOME
436440AP6
1,200,000
2/15/2029
3.3
1,070
0.9
OPEN TEXT HOLDINGS INC
FIXED INCOME
683720AA4
1,200,000
2/15/2030
4.1
1,056
0.9
GAP INC/THE
FIXED INCOME
364760AP3
1,200,000
10/1/2029
3.6
1,016
0.8
BOYD GAMING CORP
FIXED INCOME
103304BV2
1,100,000
6/15/2031
4.8
1,001
0.8
TRANSOCEAN INC
FIXED INCOME
893830BF5
1,000,000
1/15/2026
7.5
987
0.8
INTESA SANPAOLO SPA
FIXED INCOME
46115HBQ9
1,200,000
6/1/2032
4.2
984
0.8
NCL CORPORATION LTD
FIXED INCOME
62886HBA8
1,000,000
3/15/2026
5.9
979
0.8
HERBALIFE/HLF FINANCING
FIXED INCOME
42704MAA0
1,000,000
9/1/2025
7.9
974
0.8
AMERICAN AIRLINES/AADVAN
FIXED INCOME
00253XAA9
975,000.01
4/20/2026
5.5
966
0.8
CHURCHILL DOWNS INC
FIXED INCOME
12511VAA6
1,000,000
4/1/2030
5.8
962
0.8
ANTERO MIDSTREAM PART/FI
FIXED INCOME
03690AAH9
1,000,000
6/15/2029
5.4
953
0.8
CHEMOURS CO
FIXED INCOME
163851AF5
1,000,000
11/15/2028
5.8
932
0.8
CVR ENERGY INC
FIXED INCOME
12662PAF5
900,000
1/15/2029
8.5
909
0.7
RESORTS WORLD/RWLV CAP
FIXED INCOME
76120HAA5
1,000,000
4/16/2029
4.6
909
0.7
UNISYS CORP
FIXED INCOME
909214BV9
1,000,000
11/1/2027
6.9
898
0.7
IRON MOUNTAIN INFO MGMT
FIXED INCOME
46285MAA8
1,000,000
7/15/2032
5.0
895
0.7
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBE6
900,000
4/15/2032
6.1
893
0.7
GOEASY LTD
FIXED INCOME
380355AH0
800,000
12/1/2028
9.3
848
0.7
PG&E CORP
FIXED INCOME
69331CAJ7
900,000
7/1/2030
5.3
847
0.7
WEATHERFORD INTERNATIONA
FIXED INCOME
947075AU1
800,000
4/30/2030
8.6
828
0.7
GAP INC/THE
FIXED INCOME
364760AQ1
1,000,000
10/1/2031
3.9
809
0.7
VECTOR GROUP LTD
FIXED INCOME
92240MBJ6
800,000
11/1/2026
10.5
804
0.6
BAUSCH HEALTH COS INC
FIXED INCOME
071734AN7
1,400,000
6/1/2028
4.9
800
0.6
CIMPRESS PLC
FIXED INCOME
17186HAG7
800,000
6/15/2026
7.0
794
0.6
RITHM CAPITAL CORP
FIXED INCOME
64828TAA0
800,000
10/15/2025
6.3
791
0.6
DELUXE CORP
FIXED INCOME
248019AU5
900,000
6/1/2029
8.0
785
0.6
ALLISON TRANSMISSION INC
FIXED INCOME
019736AG2
900,000
1/30/2031
3.8
773
0.6
GRUBHUB HOLDINGS INC
FIXED INCOME
40010PAA6
880,000
7/1/2027
5.5
771
0.6
HOWARD HUGHES CORP
FIXED INCOME
44267DAF4
900,000
2/1/2031
4.4
768
0.6
GLOBAL NET LEASE/GLOBAL
FIXED INCOME
37892AAA8
900,000
12/15/2027
3.8
755
0.6
LIONS GATE CAPITAL HOLD
FIXED INCOME
53627NAE1
1,000,000
4/15/2029
5.5
749
0.6
PROG HOLDINGS INC
FIXED INCOME
74319RAA9
800,000
11/15/2029
6.0
731
0.6
MUELLER WATER PRODUCTS
FIXED INCOME
624758AF5
800,000
6/15/2029
4.0
724
0.6
DIAMOND FRGN/DIAMOND FIN
FIXED INCOME
25260WAD3
700,000
10/1/2030
8.5
718
0.6
IAMGOLD CORP
FIXED INCOME
450913AF5
800,000
10/15/2028
5.8
714
0.6
HOWARD HUGHES CORP
FIXED INCOME
44267DAE7
800,000
2/1/2029
4.1
711
0.6
BUILDERS FIRSTSOURCE INC
FIXED INCOME
12008RAP2
800,000
2/1/2032
4.3
706
0.6
ELDORADO GOLD CORP
FIXED INCOME
284902AF0
750,000
9/1/2029
6.3
704
0.6
G-III APPAREL GROUP LTD
FIXED INCOME
36237HAA9
700,000
8/15/2025
7.9
702
0.6
CHORD ENERGY CORP
FIXED INCOME
674215AL2
700,000
6/1/2026
6.4
701
0.6
KENNEDY-WILSON INC
FIXED INCOME
489399AM7
900,000
3/1/2031
5.0
698
0.6
TRIUMPH GROUP INC
FIXED INCOME
896818AP6
700,000
8/15/2025
7.8
698
0.6
USA COM PART/USA COM FIN
FIXED INCOME
91740PAF5
700,000
9/1/2027
6.9
696
0.6
TASEKO MINES LTD
FIXED INCOME
876511AF3
700,000
2/15/2026
7.0
690
0.6
MURPHY OIL USA INC
FIXED INCOME
626738AF5
800,000
2/15/2031
3.8
685
0.6
DELEK LOG PART/FINANCE
FIXED INCOME
24665FAC6
700,000
6/1/2028
7.1
673
0.5
HOLOGIC INC
FIXED INCOME
436440AM3
700,000
2/1/2028
4.6
670
0.5
LAS VEGAS SANDS CORP
FIXED INCOME
517834AH0
700,000
6/25/2025
2.9
670
0.5
UNITED NATURAL FOODS INC
FIXED INCOME
911163AA1
800,000
10/15/2028
6.8
666
0.5
FIRSTCASH INC
FIXED INCOME
31944TAA8
700,000
1/1/2030
5.6
663
0.5
MURPHY OIL USA INC
FIXED INCOME
626738AE8
700,000
9/15/2029
4.8
655
0.5
STARWOOD PROPERTY TRUST
FIXED INCOME
85571BAY1
695,000
1/15/2027
4.4
652
0.5
BWX TECHNOLOGIES INC
FIXED INCOME
05605HAB6
700,000
6/30/2028
4.1
650
0.5
BWX TECHNOLOGIES INC
FIXED INCOME
05605HAC4
700,000
4/15/2029
4.1
648
0.5
HLF FIN SARL LLC/HERBALI
FIXED INCOME
40390DAC9
900,000
6/1/2029
4.9
647
0.5
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765LAT4
700,000
5/15/2029
4.5
646
0.5
CTR PARTNERSHIP/CARETRST
FIXED INCOME
126458AE8
700,000
6/30/2028
3.9
634
0.5
ENCOMPASS HEALTH CORP
FIXED INCOME
29261AAE0
700,000
4/1/2031
4.6
634
0.5
OPEN TEXT CORP
FIXED INCOME
683715AD8
700,000
12/1/2029
3.9
620
0.5
ATKORE INC
FIXED INCOME
047649AA6
700,000
6/1/2031
4.3
615
0.5
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AM6
600,000
6/1/2028
9.4
615
0.5
PBF HOLDING CO LLC
FIXED INCOME
69318FAL2
600,000
9/15/2030
7.9
615
0.5
VAIL RESORTS INC
FIXED INCOME
91879QAL3
600,000
5/15/2025
6.3
601
0.5
GRAFTECH FINANCE INC
FIXED INCOME
384311AA4
900,000
12/15/2028
4.6
595
0.5
DRAX FINCO PLC
FIXED INCOME
26151AAA7
600,000
11/1/2025
6.6
593
0.5
RAIN CARBON INC
FIXED INCOME
75079LAB7
600,000
9/1/2029
12.3
591
0.5
GRAN TIERRA ENERGY INC
FIXED INCOME
38500TAC5
633,000
10/15/2029
9.5
590
0.5
IQVIA INC
FIXED INCOME
46266TAA6
600,000
5/15/2027
5.0
584
0.5
MICROSTRATEGY INC
FIXED INCOME
594972AF8
600,000
6/15/2028
6.1
577
0.5
UPBOUND GROUP INC
FIXED INCOME
76009NAL4
600,000
2/15/2029
6.4
576
0.5
MARRIOTT OWNERSHIP RESOR
FIXED INCOME
57164PAF3
600,000
1/15/2028
4.8
558
0.4
WABASH NATIONAL CORP
FIXED INCOME
929566AL1
600,000
10/15/2028
4.5
546
0.4
PITNEY BOWES INC
FIXED INCOME
724479AP5
600,000
3/15/2027
6.9
541
0.4
RAYONIER AM PROD INC
FIXED INCOME
75508EAB4
600,000
1/15/2026
7.6
535
0.4
SABRE GLBL INC
FIXED INCOME
78573NAJ1
600,000
6/1/2027
8.6
533
0.4
HILTON GRAND VAC BOR ESC
FIXED INCOME
43284MAB4
600,000
7/1/2031
4.9
528
0.4
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAH6
500,000
12/15/2028
11.3
524
0.4
ICAHN ENTERPRISES/FIN
FIXED INCOME
451102CD7
500,000
1/15/2029
9.8
522
0.4
PITNEY BOWES INC
FIXED INCOME
724479AQ3
600,000
3/15/2029
7.3
522
0.4
VIASAT INC
FIXED INCOME
92552VAN0
700,000
7/15/2028
6.5
521
0.4
XEROX CORPORATION
FIXED INCOME
984121CB7
600,000
12/15/2039
6.8
513
0.4
LIFE TIME INC
FIXED INCOME
53190FAC9
500,000
4/15/2026
8.0
505
0.4
NRG ENERGY INC
FIXED INCOME
629377CR1
600,000
2/15/2031
3.6
505
0.4
INTESA SANPAOLO SPA
FIXED INCOME
46115HAW7
500,000
1/15/2026
5.7
495
0.4
ENOVA INTERNATIONAL INC
FIXED INCOME
29357KAF0
498,000
9/15/2025
8.5
494
0.4
ALLISON TRANSMISSION INC
FIXED INCOME
019736AF4
500,000
6/1/2029
5.9
494
0.4
DAVITA INC
FIXED INCOME
23918KAT5
600,000
2/15/2031
3.8
493
0.4
PRA GROUP INC
FIXED INCOME
69354NAE6
500,000
2/1/2028
8.4
489
0.4
SUNNOVA ENERGY CORP
FIXED INCOME
86745GAF0
600,000
9/1/2026
5.9
488
0.4
TUTOR PERINI CORP
FIXED INCOME
901109AF5
500,000
5/1/2025
6.9
488
0.4
PBF HOLDING CO LLC
FIXED INCOME
69318FAJ7
500,000
2/15/2028
6.0
488
0.4
GFL ENVIRONMENTAL INC
FIXED INCOME
36168QAK0
500,000
8/1/2025
3.8
486
0.4
NEXSTAR MEDIA INC
FIXED INCOME
65343HAA9
500,000
7/15/2027
5.6
475
0.4
ADTALEM GLOBAL EDUCATION
FIXED INCOME
00737WAA7
500,000
3/1/2028
5.5
474
0.4
VM CONSOLIDATED INC
FIXED INCOME
91835HAA0
500,000
4/15/2029
5.5
474
0.4
FORESTAR GROUP INC
FIXED INCOME
346232AF8
500,000
5/15/2026
3.9
472
0.4
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCL5
600,000
6/1/2033
4.5
463
0.4
ICAHN ENTERPRISES/FIN
FIXED INCOME
451102BZ9
500,000
5/15/2027
5.3
460
0.4
COMMERCIAL METALS CO
FIXED INCOME
201723AQ6
500,000
1/15/2030
4.1
457
0.4
PARK-OHIO INDUSTRIES INC
FIXED INCOME
700677AR8
500,000
4/15/2027
6.6
456
0.4
MARRIOTT OWNERSHIP RESOR
FIXED INCOME
57164PAH9
500,000
6/15/2029
4.5
453
0.4
TRINET GROUP INC
FIXED INCOME
896288AA5
500,000
3/1/2029
3.5
444
0.4
COMMERCIAL METALS CO
FIXED INCOME
201723AP8
500,000
2/15/2031
3.9
438
0.4
DISH DBS CORP
FIXED INCOME
25470XAY1
700,000
7/1/2026
7.8
434
0.4
HILTON DOMESTIC OPERATIN
FIXED INCOME
432833AN1
500,000
2/15/2032
3.6
427
0.3
SABRE GLBL INC
FIXED INCOME
78573NAH5
450,000
12/15/2027
11.3
426
0.3
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCD3
500,000
3/1/2030
4.8
425
0.3
SUNNOVA ENERGY CORP
FIXED INCOME
86745GAG8
500,000
10/1/2028
11.8
422
0.3
HELIX ENERGY SOLUTIONS
FIXED INCOME
42330PAL1
400,000
3/1/2029
9.8
421
0.3
GEO GROUP INC/THE
FIXED INCOME
36162JAC0
400,000
6/30/2028
10.5
408
0.3
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCQ4
500,000
2/1/2032
4.8
406
0.3
SERVICE PROPERTIES TRUST
FIXED INCOME
81761LAA0
400,000
9/15/2025
7.5
405
0.3
MANITOWOC COMPANY INC
FIXED INCOME
563571AL2
400,000
4/1/2026
9.0
401
0.3
FIVE POINT OP CO LP/FIVE
FIXED INCOME
33834YAB4
383,958
1/15/2028
10.5
394
0.3
FAIR ISAAC CORP
FIXED INCOME
303250AE4
400,000
5/15/2026
5.3
393
0.3
PTC INC
FIXED INCOME
69370CAB6
400,000
2/15/2025
3.6
391
0.3
CPI CG INC
FIXED INCOME
12598FAA7
400,000
3/15/2026
8.6
391
0.3
ACADIA HEALTHCARE CO INC
FIXED INCOME
00404AAN9
400,000
7/1/2028
5.5
389
0.3
CARS.COM INC
FIXED INCOME
14575EAA3
400,000
11/1/2028
6.4
386
0.3
BRIGHTSPHERE INVESTMENT
FIXED INCOME
10948WAA1
400,000
7/27/2026
4.8
380
0.3
NEW FORTRESS ENERGY INC
FIXED INCOME
644393AB6
400,000
9/30/2026
6.5
376
0.3
CVR ENERGY INC
FIXED INCOME
12662PAD0
400,000
2/15/2028
5.8
372
0.3
NATIONSTAR MTG HLD INC
FIXED INCOME
63861CAE9
400,000
11/15/2031
5.8
368
0.3
WORLD ACCEPTANCE CORP
FIXED INCOME
981419AC8
400,000
11/1/2026
7.0
368
0.3
ARCOSA INC
FIXED INCOME
039653AA8
400,000
4/15/2029
4.4
368
0.3
FRONTIER COMMUNICATIONS
FIXED INCOME
35906ABG2
400,000
5/1/2029
6.8
358
0.3
ALLIANCE RES OP/FINANCE
FIXED INCOME
01879NAA3
338,000
5/1/2025
7.5
339
0.3
COINBASE GLOBAL INC
FIXED INCOME
19260QAC1
400,000
10/1/2028
3.4
338
0.3
TURNING POINT BRANDS INC
FIXED INCOME
90041LAF2
342,000
2/15/2026
5.6
335
0.3
EMBECTA CORP
FIXED INCOME
29082KAA3
400,000
2/15/2030
5.0
314
0.3
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765KAA7
300,000
9/15/2028
7.0
307
0.2
CARNIVAL CORP
FIXED INCOME
143658BL5
300,000
3/1/2026
7.6
304
0.2
XEROX CORPORATION
FIXED INCOME
984121CL5
400,000
3/1/2035
4.8
303
0.2
CSI COMPRESSCO LP/FINANC
FIXED INCOME
12652HAA6
300,000
4/1/2025
7.5
300
0.2
ENPRO INC
FIXED INCOME
29355XAG2
300,000
10/15/2026
5.8
297
0.2
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBD8
300,000
4/15/2030
5.9
296
0.2
TELESAT CANADA/TELESAT L
FIXED INCOME
87952VAR7
500,000
12/6/2026
5.6
294
0.2
ALLEGIANT TRAVEL CO
FIXED INCOME
01748XAD4
300,000
8/15/2027
7.3
293
0.2
CSC HOLDINGS LLC
FIXED INCOME
126307BF3
400,000
2/15/2031
3.4
285
0.2
NORDSTROM INC
FIXED INCOME
655664AR1
400,000
1/15/2044
5.0
285
0.2
AMERIGAS PART/FIN CORP
FIXED INCOME
030981AL8
300,000
5/20/2027
5.8
284
0.2
BAUSCH HEALTH AMERICAS
FIXED INCOME
91911XAV6
300,000
4/1/2026
9.3
283
0.2
VIASAT INC
FIXED INCOME
92552VAR1
400,000
5/30/2031
7.5
282
0.2
ONEMAIN FINANCE CORP
FIXED INCOME
85172FAR0
300,000
11/15/2029
5.4
279
0.2
BAUSCH HEALTH COS INC
FIXED INCOME
91911KAN2
300,000
11/1/2025
5.5
278
0.2
KBR INC
FIXED INCOME
48242WAC0
300,000
9/30/2028
4.8
277
0.2
VERTIV GROUP CORPORATION
FIXED INCOME
92535UAB0
300,000
11/15/2028
4.1
277
0.2
LADDER CAP FIN LLLP/CORP
FIXED INCOME
505742AM8
300,000
2/1/2027
4.3
276
0.2
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAH5
300,000
5/1/2029
4.4
273
0.2
SUNOCO LP/FINANCE CORP
FIXED INCOME
86765LAZ0
300,000
4/30/2030
4.5
273
0.2
TEGNA INC
FIXED INCOME
87901JAJ4
300,000
3/15/2028
4.6
271
0.2
LADDER CAP FIN LLLP/CORP
FIXED INCOME
505742AP1
300,000
6/15/2029
4.8
269
0.2
FMG RESOURCES AUG 2006
FIXED INCOME
30251GBC0
300,000
4/1/2031
4.4
269
0.2
LAMB WESTON HLD
FIXED INCOME
513272AE4
300,000
1/31/2032
4.4
268
0.2
GRAFTECH GLOBAL ENTERPRI
FIXED INCOME
38431AAA4
300,000
12/15/2028
9.9
240
0.2
DISH DBS CORP
FIXED INCOME
25470XBE4
300,000
12/1/2026
5.3
238
0.2
KENNEDY-WILSON INC
FIXED INCOME
489399AN5
300,000
2/1/2030
4.8
236
0.2
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAP7
200,000
10/15/2031
7.8
208
0.2
UNICREDIT SPA
FIXED INCOME
904678AQ2
200,000
4/2/2034
7.3
204
0.2
STARWOOD PROPERTY TRUST
FIXED INCOME
85571BAL9
200,000
3/15/2025
4.8
197
0.2
CUMULUS MEDIA NEW HLDGS
FIXED INCOME
23110AAA4
300,000
7/1/2026
6.8
187
0.2
HILTON GRAND VAC BOR ESC
FIXED INCOME
43284MAA6
200,000
6/1/2029
5.0
185
0.1
CLEVELAND-CLIFFS INC
FIXED INCOME
185899AK7
200,000
3/1/2029
4.6
184
0.1
PARKLAND CORP
FIXED INCOME
70137WAL2
200,000
5/1/2030
4.6
182
0.1
PENSKE AUTOMOTIVE GROUP
FIXED INCOME
70959WAK9
200,000
6/15/2029
3.8
177
0.1
ARKO CORP
FIXED INCOME
041242AA6
200,000
11/15/2029
5.1
173
0.1
FOOT LOCKER INC
FIXED INCOME
344849AA2
200,000
10/1/2029
4.0
171
0.1
ONEMAIN FINANCE CORP
FIXED INCOME
682691AA8
200,000
9/15/2030
4.0
169
0.1
PRA GROUP INC
FIXED INCOME
69354NAD8
200,000
10/1/2029
5.0
166
0.1
COTY INC
FIXED INCOME
222070AE4
157,000
4/15/2026
5.0
154
0.1
CCO HLDGS LLC/CAP CORP
FIXED INCOME
1248EPCP6
200,000
1/15/2034
4.3
150
0.1
VISTRA OPERATIONS CO LLC
FIXED INCOME
92840VAB8
100,000
2/15/2027
5.6
98
0.1
GYP HOLDINGS III CORP
FIXED INCOME
36261NAA5
100,000
5/1/2029
4.6
93
0.1
NRG ENERGY INC
FIXED INCOME
629377CS9
72,000
2/15/2032
3.9
60
0.0
EURO CURRENCY
CASH
--
1,570.94
--
0.0
2
0.0
Total
--
--
--
--
--
122,750
97.9
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.1
Total Net Assets
--
--
--
--
--
--
100%

As of 2/28/2024

Scientific Alpha High-Yield ETF (SIHY)

ICE BofA US High Yield Index (H0A0)

-

Oil Field Equipment & Services

SIHY: 5.3%

Benchmark: 1.7%

-

REITs

SIHY: 5.2%

Benchmark: 3.8%

-

Cons/Comm/Lease Financing

SIHY: 4.8%

Benchmark: 3.6%

-

Software/Services

SIHY: 4.7%

Benchmark: 3.0%

-

Specialty Retail

SIHY: 4.3%

Benchmark: 2.9%

-

Recreation & Travel

SIHY: 3.8%

Benchmark: 3.3%

-

Hotels

SIHY: 3.7%

Benchmark: 1.0%

-

Aerospace/Defense

SIHY: 3.7%

Benchmark: 2.4%

-

Oil Refining & Marketing

SIHY: 3.7%

Benchmark: 1.2%

-

Media Content

SIHY: 3.4%

Benchmark: 2.6%

-

Electric-Generation

SIHY: 3.2%

Benchmark: 1.9%

-

Metals/Mining Excluding Steel

SIHY: 3.2%

Benchmark: 1.5%

-

Food - Wholesale

SIHY: 3.0%

Benchmark: 1.9%

-

Banking

SIHY: 2.7%

Benchmark: 0.8%

-

RealEstate Dev & Mgt

SIHY: 2.7%

Benchmark: 0.7%

-

Gas Distribution

SIHY: 2.3%

Benchmark: 5.1%

-

Investments & Misc Financial Services

SIHY: 2.2%

Benchmark: 1.8%

-

Gaming

SIHY: 2.2%

Benchmark: 3.3%

-

Pharmaceuticals

SIHY: 2.1%

Benchmark: 1.7%

-

Machinery

SIHY: 2.0%

Benchmark: 1.3%

-

Health Services

SIHY: 2.0%

Benchmark: 1.9%

-

Tobacco

SIHY: 2.0%

Benchmark: 0.2%

-

Cable & Satellite TV

SIHY: 2.0%

Benchmark: 4.5%

-

Tech Hardware & Equipment

SIHY: 1.8%

Benchmark: 1.4%

-

Support-Services

SIHY: 1.7%

Benchmark: 5.9%

-

Chemicals

SIHY: 1.7%

Benchmark: 2.4%

-

Medical Products

SIHY: 1.7%

Benchmark: 1.2%

-

Building Materials

SIHY: 1.6%

Benchmark: 1.8%

-

Diversified Capital Goods

SIHY: 1.4%

Benchmark: 0.4%

-

Energy - Exploration & Production

SIHY: 1.4%

Benchmark: 4.3%

-

Printing & Publishing

SIHY: 1.3%

Benchmark: 0.4%

-

Food & Drug Retailers

SIHY: 1.2%

Benchmark: 1.1%

-

Personal & Household Products

SIHY: 1.2%

Benchmark: 1.5%

-

Auto Parts & Equipment

SIHY: 1.0%

Benchmark: 1.7%

-

Air Transportation

SIHY: 1.0%

Benchmark: 1.6%

-

Automakers

SIHY: 0.9%

Benchmark: 0.4%

-

Managed Care

SIHY: 0.9%

Benchmark: 0.3%

-

Theaters & Entertainment

SIHY: 0.9%

Benchmark: 0.5%

-

Telecom - Satellite

SIHY: 0.9%

Benchmark: 0.7%

-

Steel Producers/Products

SIHY: 0.9%

Benchmark: 0.7%

-

Restaurants

SIHY: 0.9%

Benchmark: 1.3%

-

Health Facilities

SIHY: 0.8%

Benchmark: 2.8%

-

Non-Electric Utilities

SIHY: 0.7%

Benchmark: 0.4%

-

Electric-Integrated

SIHY: 0.7%

Benchmark: 1.0%

-

Building & Construction

SIHY: 0.4%

Benchmark: 1.5%

-

Environmental

SIHY: 0.4%

Benchmark: 0.7%

-

Advertising

SIHY: 0.3%

Benchmark: 1.2%

-

Telecom - Wireline Integrated & Services

SIHY: 0.3%

Benchmark: 4.2%

-

Department Stores

SIHY: 0.2%

Benchmark: 0.5%

-

Auto Loans

SIHY: 0.0%

Benchmark: 0.0%

-

Beverage

SIHY: 0.0%

Benchmark: 0.1%

-

Brokerage

SIHY: 0.0%

Benchmark: 0.2%

-

Derivatives

SIHY: 0.0%

Benchmark: NaN%

-

Discount Stores

SIHY: 0.0%

Benchmark: 0.0%

-

Electric-Distr/Trans

SIHY: 0.0%

Benchmark: 0.1%

-

Electronics

SIHY: 0.0%

Benchmark: 1.1%

-

Forestry/Paper

SIHY: 0.0%

Benchmark: 0.3%

-

Insurance Brokerage

SIHY: 0.0%

Benchmark: 1.8%

-

Life Insurance

SIHY: 0.0%

Benchmark: 0.1%

-

Media - Diversified

SIHY: 0.0%

Benchmark: 0.3%

-

Multi-Line Insurance

SIHY: 0.0%

Benchmark: 0.0%

-

Packaging

SIHY: 0.0%

Benchmark: 2.8%

-

P&C

SIHY: 0.0%

Benchmark: 0.1%

-

Rail

SIHY: 0.0%

Benchmark: 0.0%

-

Telecom - Wireless

SIHY: 0.0%

Benchmark: 0.6%

-

Transport Infrastructure/Services

SIHY: 0.0%

Benchmark: 0.3%

-

Trucking & Delivery

SIHY: 0.0%

Benchmark: 0.1%

SIHY: Scientific Alpha High-Yield ETF

Benchmark: ICE BofA US High Yield Index (H0A0)

As of 2/28/2024

Maturity

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr
0.8
0.4
1-3 yr
24.2
21.2
3-5 yr
33.8
35.7
5-7 yr
29.5
30.6
7-10 yr
10.9
9.7
10-20 yr
1.8
1.4
20-30 yr
0.0
0.6
Over 30 yr
0.0
0.0

As of 2/28/2024

Duration

Scientific Alpha High-Yield ETF %

ICE BofA US High Yield Index (H0A0) %

0-1 yr
7.9
4.8
1-3 yr
25.5
31.2
3-5 yr
46.2
48.6
5-7 yr
19.0
12.6
7-10 yr
2.1
1.5
10-20 yr
0.2
0.9
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

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).

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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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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