ContactHarbor AlphaEdge Large Cap Value ETF (VLLU)
Large cap value equity exposure seeking to generate meaningful alpha at a competitive cost
Harbor AlphaEdge Large Cap Value ETF (VLLU)
Large cap value equity exposure seeking to generate meaningful alpha at a competitive cost
Finding efficiencies in your portfolio
- The Harbor AlphaEdge™ Large Cap Value (VLLU) employs a self-indexing investment approach designed to track the performance of the Harbor AlphaEdge™ Large-Cap Value Index.
- VLLU seeks to capitalize on the significant opportunity to replace higher-cost active products or existing Russell 1000 Value beta exposure with a more efficient (high alpha/cost ratio) solution.
- Designed to offer cost-effective, factor-based large cap value exposure, VLLU is backed by Harbor’s Multi-Asset Solutions Team’s proprietary stock selection model.
Overview
Investment Team
As of 1/24/2025
Investment Objective:
The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Harbor AlphaEdge Large Cap Value Index.
Morningstar Analyst Rating
10
73
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. |
Performance
3 Mo.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
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 Harbor AlphaEdge Large Cap Value Index is comprised of a subset of securities within the US equity market that are determined to be attractively valued while exhibiting strong fundamental characteristics. The index is constructed using a proprietary rules-based stock selection model developed by the Index Sponsor and weighted using an optimization approach.
The Russell 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value Index and Russell® are trademarks of Frank Russell Company.
Price History
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
Holdings
Full Holdings
As of 1/23/2025
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
Sector Allocation
As of 12/31/2024
AlphaEdge Large Cap Value ETF (VLLU)
Harbor AlphaEdge Large Cap Value Index
Financials
VLLU: 25.3%
Benchmark: 25.4%
Consumer Staples
VLLU: 15.8%
Benchmark: 15.8%
Energy
VLLU: 12.7%
Benchmark: 12.7%
Consumer Discretionary
VLLU: 10.1%
Benchmark: 10.3%
Health Care
VLLU: 9.0%
Benchmark: 9.0%
Information Technology
VLLU: 8.4%
Benchmark: 8.5%
Communication Services
VLLU: 6.5%
Benchmark: 6.5%
Industrials
VLLU: 6.0%
Benchmark: 6.0%
Materials
VLLU: 4.0%
Benchmark: 4.0%
Utilities
VLLU: 2.1%
Benchmark: 2.1%
Cash
VLLU: 0.1%
Benchmark: NaN%
VLLU: AlphaEdge Large Cap Value ETF
Benchmark: Harbor AlphaEdge Large Cap Value Index
Sector Returns
As of 12/31/2024
Economic Sector
AlphaEdge Large Cap Value ETF %
Harbor AlphaEdge Large Cap Value Index %
Financials
Industrials
Information Technology
Utilities
Communication Services
Consumer Staples
Materials
Energy
Health Care
Consumer Discretionary
Investment Team
The Harbor AlphaEdge™ Large Cap Value ETF (VLLU) employs an indexing investment approach designed to track the performance of the Harbor AlphaEdge™ Large-Cap Value Index. The Index is designed to give exposure to a subset of the U.S. Large-Cap Value universe with both attractive fundamentals and value characteristics.
The index is managed in-house by Harbor’s Multi-Asset Solutions Team and the ETF is managed by our ETF team. VLLU represents an important pillar in Harbor’s growing self-indexing business. The team has fully integrated a systematic workflow for building and maintaining the Harbor AlphaEdge™ Large-Cap Value Index. The team delivers actionable investment insights and builds multi-asset portfolios and client solutions using proprietary quantitative and qualitative signals. From screening the universe and calculating the index constituent weights to providing index research, the team manages and supports the Harbor AlphaEdge™ Large-Cap Value Index.
Documents
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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.
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 perceived as undervalued might not appreciate or realize their full potential, and value-oriented investments may underperform other equity styles at times.
The Fund may not perfectly track its Index due to differences in securities held, transaction costs, or uninvested cash. Legal or regulatory constraints can also affect tracking accuracy, particularly during volatile markets. The Fund aims to track the Index without defensive strategies, which could lead to underperformance compared to funds that actively adjust their portfolios. Errors or flaws in the Index's methodology or data may have adverse impact the Fund's performance.
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.
Alpha refers to excess returns earned on an investment.
Beta measures the relative volatility of an investment, as an indication of its relative risk.
The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze. The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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