Chicago – August 20, 2025 – Harbor Capital Advisors, Inc. (“Harbor”), a premier multi‑manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today announced they are liquidating the Harbor Human Capital Factor Unconstrained ETF (ticker: HAPY). Harbor has decided to close HAPY to ensure they are meeting client needs. Harbor continues to have conviction with the Irrational Capital, the index data provider of the Human Capital Factor ®.
Shareholders may sell their holdings of the ETF on NYSE, Arca, Inc. (“NYSE Arca”) until market close on September 9, 2025. Customary brokerage charges may apply to such transactions. The Fund will stop accepting creation orders from authorized participants after market close on September 11, 2025, and will be delisted ahead of market open on September 11, 2025.
As the ETF transitions its portfolio in anticipation of its liquidation, it will deviate from the investment objective and strategy stated in the prospectus, such as by raising cash or making investments in other highly liquid assets. This may adversely affect the ETF’s performance.
The ETF is expected to liquidate at the close of business on or about September 18, 2025 (the “Liquidation Date”). Shareholders who continue to hold shares of the ETF on the Liquidation Date will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares.
Shareholders who receive a liquidating distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares if shares are held in a taxable account. The ETF may or may not, depending on the ETF’s circumstances, pay one or more dividends or other distributions prior to or along with the redemption payments. Such shareholders should consult their tax advisors about the potential tax consequences.
Important Information
Investing involved risk, principal loss if possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value.
Harbor Capital and its associates do not provide legal or tax advice. Please consult your independent legal counsel and/or tax professional regarding any legal or tax issues raised in this material.
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