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It's Not Just Manager Selection. It's Portfolio Construction

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Seek Consistency in Your Active Exposure

The Harbor PanAgora Dynamic Large Cap Core ETF (INFO) offers a systematic approach to generating alpha while maintaining core market exposure, reducing reliance on high‑conviction bets.

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*This is not the performance of the Harbor PanAgora Dynamic Large Cap Core ETF. As of 3/31/2026, the Composite was composed of 2 accounts, totaling approximately $1.662 billion. The inception date of the Composite was 1/1/1999.

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.

Important Information

The previous table presents the past performance of a composite of certain accounts managed by PanAgora Asset Management, the Subadviser to Harbor PanAgora Dynamic Large Cap Core ETF. The PanAgora Dynamic Large Cap Core Composite (the “Composite”) is comprised of all fee paying accounts under discretionary management by PanAgora that have investment objectives, policies and strategies substantially similar to those of the Fund. The Composite consisted of 2 accounts as of 3/31/2026. Returns are presented in U.S. dollars and include reinvestment of interest, dividends and any other distributions. Gross performance data shown does not reflect the deduction of fees and expenses. Because the gross performance data shown does not reflect the deduction of investment advisory fees paid by the accounts comprising the Composite, the net performance data may be more relevant to potential investors in the Fund in their analysis of the historical experience of PanAgora in managing portfolios with investment strategies and techniques substantially similar to those of the Fund. To calculate the performance of the Composite net of all operating expenses, the estimated annualized net Fund operating expenses payable by the Fund for the as of the most recent prospectus dated March 1, 2026 were used. The accounts comprising the Composite have different fees and expenses than those of the Fund used to calculate the net performance data shown. The net composite performance shown would be lower to the extent the related funds or accounts were subject to higher fees and expenses.

The historical performance of the Composite is not that of Harbor PanAgora Dynamic Large Cap Core ETF and is not necessarily indicative of the Fund’s future results. The Fund commenced operations on 10/09/2024 and the Fund’s actual performance may vary significantly from the past performance of the Composite. While the accounts comprising the Composite incur inflows and outflows of cash from clients, there can be no assurance that the continuous offering of the Fund’s shares and the Fund’s obligation to redeem its shares will not adversely impact the Fund’s performance. Also, not all of the accounts comprising the Composite are subject to certain investment limitations, diversification requirements and other restrictions imposed by the Investment Company Act of 1940 and the Internal Revenue Code. If these limitations, requirements and restrictions were applicable to all of the accounts in the Composite, they may have had an adverse effect on the performance results of the Composite. However, PanAgora does not believe that such accounts would have been managed in a significantly different manner had they been subject to such investment limitations, diversification requirements and other restrictions.

For Institutional use only.

All investments involve risk including the possible loss of principal. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has 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. Large cap stocks may fall out of favor relative to small or mid cap stocks, which may cause the Fund to underperform other equity funds that focus on small or mid cap stocks. The Fund utilizes a quantitative model and there are limitations in every quantitative model. There can be no assurances that the strategies pursued or the techniques implemented in the quantitative model will be profitable, and various market conditions may be materially less favorable to certain strategies than others. 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, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio. Diversification does not assure a profit or protect against loss in a declining market.

The Subadvisor considers certain Environmental, Social and Governance (ESG) factors in evaluating company quality which may result in the selection or exclusion of securities for reasons other than performance and the Fund may underperform relative to other funds that do not consider ESG factors.

ETFs are subject to capital gains tax and taxation of dividend income. However, ETFs are structured in such a manner that taxes are generally minimized for the holder of the ETF. An ETF manager accommodates investment inflows and outflows by creating or redeeming “creation units,” which are baskets of assets. As a result, the investor usually is not exposed to capital gains on any individual security in the underlying portfolio. However, capital gains tax may be incurred by the investor after the ETF is sold.

Composite performance data, relate solely to the The PanAgora Dynamic Large Cap Core Composite (the "Composite") is provided by Harbor Capital Advisors, Inc. and/or its affiliates. Gross of fee composite returns are supplied by The PanAgora Dynamic Large Cap Core Composite. Composite Net of fee returns are calculated by Harbor Capital Advisors, Inc., utilizing the Fund's prospectus gross expense ratio, and uploaded into Morningstar Direct, with Composite rankings calculated by Morningstar Direct utilizing their proprietary methodology. Morningstar Direct does not categorized Composite performance and the validity of the Composite category has been determined at the sole discretion of Harbor Capital Advisors, Inc., as representative of related performance of the specified ETF.

The Related Performance ‑ PanAgora Dynamic Large Cap Core Composite net of all INFO operating expenses was ranked against Morningstar’s US Large Blend category. The Related Performance ‑ PanAgora Dynamic Large Cap Core Composite was ranked in information ratio ranks: 3 out of 1,384 investments in the category for the 1‑year period, 18 out of 1,308 investments in the category for the 3‑year period, 2 out of 1,226 investments in the category for the 5‑year period, 45 out of 1,053 investments in the category for the 10‑year period, 1 our of 889 for the 15‑year period, and 4 out of 806 for the 20‑year period as of 3/31/2026.

© 2026 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.

The S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Alpha is a measure of risk (beta)‑adjusted return.

The Information Ratio (Info Ratio) of a manager series vs. a benchmark series is the quotient of the annualized excess return and the annualized standard deviation of excess return.

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

PanAgora Asset Management is a third-party subadvisor to the Harbor PanAgora Dynamic Large Cap Core ETF.

Foreside Fund Services, LLC is the Distributor of the Harbor PanAgora Dynamic Large Cap Core ETF.