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Harbor Active Small Cap ETF (SMLL)

An active ETF from an experienced manager in the small cap space

Harbor Active Small Cap ETF (SMLL)

An active ETF from an experienced manager in the small cap space

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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An active ETF approach to the small cap universe

  • The Harbor Active Small Cap ETF (SMLL) provides small cap equity exposure with a narrowed focus on attractive risk-adjusted returns with downside mitigation.
  • Managed by Byron Place Capital Management and led by portfolio manager Glenn Gawronski, SMLL offers a distinct opportunity to access the small cap blend space through an active ETF structure.
  • Despite the sizeable small cap blend universe, the number of active ETFs in this space is limited, making SMLL an attractive option.

Resources

Access in-depth fund information and insights to help you capitalize on potential opportunities related to small cap equities.


Overview

Investment Team
Management Team Logo

Current Price

As of 12/6/2024

$22.74

Price (NAV)

$0.01

NAV Daily Change ($)

0.04%

NAV Daily Change (%)

16.08%

NAV YTD Return

$22.75

Market Price

$0.02

Market Daily Change ($)

0.09%

Market Daily Change (%)

16.13%

Market YTD Return

Fund Facts

As of 12/6/2024

8/28/2024

Inception Date

0.80

Expense Ratio (%)
disclaimer

$9.664

Total Net Assets (million)

425,000

Shares Outstanding
(As of 12/9/2024)

SMLL

Ticker

41151J752

Cusip

NYSE

Exchange

US41151J7524

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annual

Dividend Frequency

Small Cap Blend

Morningstar Category

Russell 2000® Index

Benchmark

1,513,353

Implied Liquidity™ (Shares)
disclaimer

$34,397,464.94

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks long-term total return.

Pricing/Trading

As of 12/6/2024

$22.74

Bid/Ask Mid Price

$22.75

Closing Market Price

$0.00

Premium/Discount ($)

0.00%

Premium/Discount (%)

 

Q3 2024

Q4 2024

YTD

Days Traded at a Premium224668
Days Traded at a Discount022

0.26%

30-Day Median Bid/Ask Spread

7,913

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Total Returns

Quarter-End

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Active Small Cap ETF - at NAV
4.49%
0.80%disclaimer
0.80%
Market Price
4.54%
--
--
Russell 2000® Index
2.06%
--
--

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 Russell 2000® Index measures the performance of the small-cap segment of the US equity universe. It is a subset of the Russell 3000® and includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Index and Russell® are trademarks of Frank Russell Company.

Chart

Sorry, there is no data available for this section

Holdings

Portfolio Characteristics

As of 11/30/2024

47

Number of Holdings

7278.7

Wtd Avg Market Cap ($Mil)

4.06

Price/Book Ratio

29

Adjusted Trailing P/E Ratio

26.8

% EPS Growth - Past 3 Yr

11.13

Return on Equity (%)

31

Forecasted P/E Ratio

Top Ten Holdings

As of 12/6/2024

Company Name [Ticker]

% of Net Assets

LIBERTY ENERGY INC[LBRT]
6.0
JANUS INTERNATIONAL GROUP IN[JBI]
5.6
KINSALE CAPITAL GROUP INC[KNSL]
5.3
REMITLY GLOBAL INC[RELY]
5.2
SS&C TECHNOLOGIES HOLDINGS[SSNC]
4.8
DOXIMITY INC-CLASS A[DOCS]
3.8
PAYLOCITY HOLDING CORP[PCTY]
3.6
RELIANCE INC[RS]
3.3
HILLMAN SOLUTIONS CORP[HLMN]
3.2
SHIFT4 PAYMENTS INC-CLASS A[FOUR]
3.1
% of Total Holdings:
43.9%

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

As of 12/6/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

LIBERTY ENERGY INC [LBRT]
EQUITY
53115L104
33,383
17.23
575,189.09
6.0
JANUS INTERNATIONAL GROUP IN [JBI]
EQUITY
47103N106
73,433
7.35
539,732.55
5.6
KINSALE CAPITAL GROUP INC [KNSL]
EQUITY
49714P108
983
524.22
515,308.26
5.3
REMITLY GLOBAL INC [RELY]
EQUITY
75960P104
23,775
21.10
501,652.50
5.2
SS&C TECHNOLOGIES HOLDINGS [SSNC]
EQUITY
78467J100
6,111
76.12
465,169.32
4.8
DOXIMITY INC-CLASS A [DOCS]
EQUITY
26622P107
6,677
55.53
370,773.81
3.8
PAYLOCITY HOLDING CORP [PCTY]
EQUITY
70438V106
1,671
205.80
343,891.80
3.6
RELIANCE INC [RS]
EQUITY
759509102
1,038
304.39
315,956.82
3.3
HILLMAN SOLUTIONS CORP [HLMN]
EQUITY
431636109
27,659
11.16
308,674.44
3.2
SHIFT4 PAYMENTS INC-CLASS A [FOUR]
EQUITY
82452J109
2,928
103.71
303,662.88
3.1
WINTRUST FINANCIAL CORP [WTFC]
EQUITY
97650W108
2,157
136.75
294,969.75
3.1
FRESHWORKS INC-CL A [FRSH]
EQUITY
358054104
15,138
16.61
251,442.18
2.6
ARTISAN PARTNERS ASSET MA -A [APAM]
EQUITY
04316A108
5,115
48.35
247,310.25
2.6
RLJ LODGING TRUST [RLJ]
EQUITY
74965L101
23,460
10.43
244,687.80
2.5
LYFT INC-A [LYFT]
EQUITY
55087P104
14,192
15.94
226,220.48
2.3
APTARGROUP INC [ATR]
EQUITY
038336103
1,275
171.15
218,216.25
2.3
WARBY PARKER INC-CLASS A [WRBY]
EQUITY
93403J106
8,763
23.79
208,471.77
2.2
OSCAR HEALTH INC - CLASS A [OSCR]
EQUITY
687793109
11,564
15.61
180,514.04
1.9
U.S. PHYSICAL THERAPY INC [USPH]
EQUITY
90337L108
1,841
96.08
176,883.28
1.8
DOUGLAS DYNAMICS INC [PLOW]
EQUITY
25960R105
6,713
25.43
170,711.59
1.8
HAYWARD HOLDINGS INC [HAYW]
EQUITY
421298100
10,497
16.05
168,476.85
1.7
LANDSTAR SYSTEM INC [LSTR]
EQUITY
515098101
927
181.29
168,055.83
1.7
ZILLOW GROUP INC - A [ZG]
EQUITY
98954M101
2,039
79.28
161,651.92
1.7
WAYSTAR HOLDING CORP [WAY]
EQUITY
946784105
4,944
30.92
152,868.48
1.6
PHILLIPS EDISON & COMPANY IN [PECO]
EQUITY
71844V201
3,780
39.27
148,440.60
1.5
MORNINGSTAR INC [MORN]
EQUITY
617700109
408
358.02
146,072.16
1.5
MONARCH CASINO & RESORT INC [MCRI]
EQUITY
609027107
1,698
85.17
144,618.66
1.5
MOELIS & CO - CLASS A [MC]
EQUITY
60786M105
1,851
75.69
140,102.19
1.4
Q2 HOLDINGS INC [QTWO]
EQUITY
74736L109
1,211
110.85
134,239.35
1.4
WILLSCOT HOLDINGS CORP [WSC]
EQUITY
971378104
3,207
39.16
125,586.12
1.3
NNN REIT INC [NNN]
EQUITY
637417106
2,916
42.50
123,930.00
1.3
BOSTON BEER COMPANY INC-A [SAM]
EQUITY
100557107
385
314.81
121,201.85
1.3
BEACON ROOFING SUPPLY INC [BECN]
EQUITY
073685109
1,007
111.57
112,350.99
1.2
MAPLEBEAR INC [CART]
EQUITY
565394103
2,524
44.19
111,535.56
1.2
RALPH LAUREN CORP [RL]
EQUITY
751212101
472
230.74
108,909.28
1.1
EUROPEAN WAX CENTER INC-A [EWCZ]
EQUITY
29882P106
16,989
6.40
108,729.60
1.1
RBC BEARINGS INC [RBC]
EQUITY
75524B104
323
334.39
108,007.97
1.1
CHEWY INC - CLASS A [CHWY]
EQUITY
16679L109
3,369
31.58
106,393.02
1.1
FORTUNE BRANDS INNOVATIONS I [FBIN]
EQUITY
34964C106
1,333
78.87
105,133.71
1.1
NORTHWESTERN ENERGY GROUP IN [NWE]
EQUITY
668074305
1,870
53.43
99,914.10
1.0
GUARDIAN PHRMCY SERVICES-A [GRDN]
EQUITY
40145W101
3,825
25.00
95,625.00
1.0
TRUECAR INC [TRUE]
EQUITY
89785L107
21,709
4.16
90,309.44
0.9
TREACE MEDICAL CONCEPTS INC [TMCI]
EQUITY
89455T109
11,200
7.93
88,816.00
0.9
CMS ENERGY CORP [CMS]
EQUITY
125896100
1,230
67.17
82,619.10
0.9
REYNOLDS CONSUMER PRODUCTS I [REYN]
EQUITY
76171L106
2,516
27.43
69,013.88
0.7
MASTERBRAND INC [MBC]
EQUITY
57638P104
3,774
16.58
62,572.92
0.6
STANDARDAERO INC [SARO]
EQUITY
85423L103
2,026
28.45
57,639.70
0.6
Total
--
--
--
--
--
9,602
99.4
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.6
Total Net Assets
--
--
--
--
--
--
100%

As of 11/30/2024

Active Small Cap ETF (SMLL)

Russell 2000® Index

-

Industrials

SMLL: 30.8%

Benchmark: 18.0%

-

Financials

SMLL: 24.1%

Benchmark: 19.0%

-

Health Care

SMLL: 8.0%

Benchmark: 16.4%

-

Real Estate

SMLL: 7.0%

Benchmark: 6.0%

-

Consumer Discretionary

SMLL: 6.8%

Benchmark: 9.9%

-

Energy

SMLL: 6.3%

Benchmark: 5.1%

-

Materials

SMLL: 5.7%

Benchmark: 4.5%

-

Consumer Staples

SMLL: 4.1%

Benchmark: 2.8%

-

Information Technology

SMLL: 3.8%

Benchmark: 12.9%

-

Utilities

SMLL: 1.9%

Benchmark: 2.7%

-

Communication Services

SMLL: 1.0%

Benchmark: 2.7%

-

Cash

SMLL: 0.6%

Benchmark: NaN%

SMLL: Active Small Cap ETF

Benchmark: Russell 2000® Index

As of 11/30/2024

Economic Sector

Active Small Cap ETF %

Russell 2000® Index %

Information Technology

Economic sector icon
42.0
13.9

Communication Services

Economic sector icon
42.0
12.9

Health Care

Economic sector icon
34.8
2.0

Financials

Economic sector icon
22.8
12.5

Consumer Discretionary

Economic sector icon
21.8
10.1

Real Estate

Economic sector icon
18.4
5.8

Consumer Staples

Economic sector icon
17.0
15.4

Materials

Economic sector icon
12.8
11.5

Industrials

Economic sector icon
7.5
16.8

Utilities

Economic sector icon
3.1
6.3

[Unassigned]

0.0
-1.4

Energy

Economic sector icon
-10.3
1.7

Investment Team


Sub-advisor logo

Byron Place is an investment management firm founded in 2015 by Glenn Gawronski, a former portfolio manager at JP Morgan who has a proven track record of managing a $4 billion+ U.S. equity franchise and delivering top percentile returns. Byron Place specializes in equity investing with a focus on quality businesses with competitive advantages, competent management, and attractive valuations. Their mission is to provide superior risk-adjusted returns to clients with an emphasis on downside protection.

Documents

Important Information

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.

Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, and it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.

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).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

3957104 

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.