Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

Harbor Human Capital Factor US Large Cap ETF (HAPI)

Access the link between strong corporate culture and potential equity value.

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Holdings
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An Opportunity to Capitalize on a Market Inefficiency via an Underutilized Source of Alpha.

Harbor Capital has partnered with Irrational Capital to develop a data-driven strategy built on the Human Capital Factor®.

What is the Human Capital Factor®? The HCF® seeks to identify and scores companies on their management of human capital based on a proprietary methodology, selecting them for inclusion in the index in an objective and systematic way.

HAPI offers exposure to larger capitalization companies with strong Human Capital Factor® scores while constraining sectors in an effort to enhance overall diversification.

BE HAPI

assets0
assets0M+

assets0M+

The above figures represent Irrational Capital’s full data set. A subset of this data is used in constructing HAPI. Source: Irrational Capital. As of 3/31/2023.

Differentiated Research that Seeks to Uncover Alpha
  • Irrational Capital looks to identify companies with strong employer/employee relationships.

  • The HCF® seeks to unlock an underutilized alpha factor and uncorrelated returns.

  • Creates a systematic link between a company's HCF® score and its resulting company equity performance.

employees_icon.png
Invests in Human Capital.

The Human Capital Factor measures intrinsic and extrinsic motivation that  establishes the relationship between employee well-being and business fundamentals which, in turn, could impact equity performance.

public_companies_icon.png
Outcome Oriented. Socially Conscious.

The Human Capital Factor offers a socially conscious, systematic measure of business fundamentals.

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Backed by Data.

The Human Capital Factor is grounded in proprietary data that seeks to prove "doing the right thing" can pay. 

Investment Solutions Built on the Human Capital Factor®

The Human Capital Factor® (HCF®) seeks to quantify levels of motivation and engagement of a company's workforce in an effort to capture the powerful connection between human capital and stock performance. HCF® scores are applied in the construction of the following products:

Currently Viewing
|Large Cap ETF|
Tracks the CIBC Human Capital Index

Index designed to deliver exposure to equity securities of 500 largest U.S. companies

Fund includes approximately 150 stocks as determined by the HCF® within HAPI universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Small Cap ETF|
Tracks the Human Capital Factor Small Cap Index

Index designed to deliver exposure to equity securities of small cap U.S. companies

Fund includes approximately 200 stocks as determined by the HCF® within HAPS universe

Market Cap-Weighted Positions

Sector Neutral to Index
|Unconstrained ETF|
Tracks the Human Capital Factor Unconstrained Index

Index designed to deliver exposure to equity securities of large cap U.S. companies

Fund includes top 70-100 stocks as determined by the HCF®

Equal-Weighted

No Sector Limits

Overview

Investment Team
Harbor Capital Advisors, Inc. dark blue logo on white background

Current Price

As of 1/5/2024

$27.62

Price (NAV)

$0.06

NAV Daily Change ($)

0.22%

NAV Daily Change (%)

-1.22%

NAV YTD Return

$27.63

Market Price

$0.07

Market Daily Change ($)

0.25%

Market Daily Change (%)

-1.18%

Market YTD Return

Fund Facts

As of 1/5/2024

10/12/2022

Inception Date

0.35

Expense Ratio (%)
disclaimer

$275.513

Total Net Assets (million)

9,975,000

Shares Outstanding
(As of 1/8/2024)

HAPI

Ticker

41151J604

Cusip

NYSE

Exchange

US41151J8779

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Large Blend

Morningstar Category

CIBC Human Capital Index

Benchmark

131,127,691

Implied Liquidity™ (Shares)
disclaimer

$3,613,395,565.04

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the CIBC Human Capital Index.

Morningstar Medalist Rating™

Morningstar Bronze
Analyst-Driven %
10
Data Coverage %
85
As of 10/31/2024

Pricing/Trading

As of 1/5/2024

$27.63

Bid/Ask Mid Price

$27.63

Closing Market Price

$0.01

Premium/Discount ($)

0.03%

Premium/Discount (%)

 

2023

Q1 2024

YTD

Days Traded at a Premium18344
Days Traded at a Discount6700

0.18%

30-Day Median Bid/Ask Spread

271

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Total Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Human Capital Factor US Large Cap ETF - at NAV
10.85%
30.30%
30.30%
33.39%
0.35%disclaimer
0.35%
Market Price
10.85%
30.30%
30.30%
33.39%
--
--
CIBC Human Capital Index
11.05%
30.65%
30.65%
33.79%
--
--
S&P 500 Index
11.69%
26.29%
26.29%
28.68%
--
--

Performance data shown represents past performance and is no guarantee of future results. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. 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 CIBC Human Capital Index consists of a modified market-weighted portfolio of the equity securities of U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. Constituents eligible are chosen from Solactive GBS United States 500 Index (the “index universe”) at the time of Index reconstitution. The Solactive GBS United States 500 Index intends to track the performance of the largest 500 companies from the US stock market. The index listed is unmanaged and does not reflect fees and expenses and is not available for direct investment.

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.

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023
12/22/2023
12/27/2023
0.28324
0.05303
0.00295
0.33922
12/21/2022
12/22/2022
12/27/2022
0.06304
0.00056
--
0.06360

Holdings

Portfolio Characteristics

As of 11/30/2023

660427.3

Wtd Avg Market Cap ($Mil)

6.15

Price/Book Ratio

28.9

Adjusted Trailing P/E Ratio

23.3

% EPS Growth - Past 3 Yr

23.62

Return on Equity (%)

23.6

Forecasted P/E Ratio

Top Ten Holdings

As of 1/8/2024

Company Name [Ticker]

% of Net Assets

CONSUMER DISCRETIONARY SELT[XLY]
6.0
MICROSOFT CORP[MSFT]
5.8
APPLE INC[AAPL]
5.0
NVIDIA CORP[NVDA]
4.5
ALPHABET INC-CL A[GOOGL]
3.8
ALPHABET INC-CL C[GOOG]
3.5
ELI LILLY & CO[LLY]
3.2
MASTERCARD INC - A[MA]
3.1
META PLATFORMS INC-CLASS A[META]
3.0
BERKSHIRE HATHAWAY INC-CL B[BRK/B]
2.7
% of Total Holdings:
40.6%

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 1/8/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

CONSUMER DISCRETIONARY SELT [XLY]
EQUITY
81369Y407
95,332
172.62
16,456,209.84
6.0
MICROSOFT CORP [MSFT]
EQUITY
594918104
43,143
367.75
15,865,838.25
5.8
APPLE INC [AAPL]
EQUITY
037833100
76,645
181.18
13,886,541.10
5.0
NVIDIA CORP [NVDA]
EQUITY
67066G104
25,044
490.97
12,295,852.68
4.5
ALPHABET INC-CL A [GOOGL]
EQUITY
02079K305
76,999
135.73
10,451,074.27
3.8
ALPHABET INC-CL C [GOOG]
EQUITY
02079K107
69,649
137.39
9,569,076.11
3.5
ELI LILLY & CO [LLY]
EQUITY
532457108
14,436
618.55
8,929,387.80
3.2
MASTERCARD INC - A [MA]
EQUITY
57636Q104
20,614
418.76
8,632,318.64
3.1
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
23,215
351.95
8,170,519.25
3.0
BERKSHIRE HATHAWAY INC-CL B [BRK/B]
EQUITY
084670702
20,493
365.59
7,492,035.87
2.7
JOHNSON & JOHNSON [JNJ]
EQUITY
478160104
45,713
161.13
7,365,735.69
2.7
COMM SERV SELECT SECTOR SPDR [XLC]
EQUITY
81369Y852
81,545
72.04
5,874,501.80
2.1
PROCTER & GAMBLE CO/THE [PG]
EQUITY
742718109
38,411
147.42
5,662,549.62
2.1
CHEVRON CORP [CVX]
EQUITY
166764100
34,290
150.40
5,157,216.00
1.9
MERCK & CO. INC. [MRK]
EQUITY
58933Y105
42,993
117.22
5,039,639.46
1.8
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
1,322
3,408.14
4,505,561.08
1.6
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
109,993
34.43
3,787,058.99
1.4
HONEYWELL INTERNATIONAL INC [HON]
EQUITY
438516106
16,882
203.53
3,435,993.46
1.2
ADOBE INC [ADBE]
EQUITY
00724F101
5,601
564.60
3,162,324.60
1.1
SALESFORCE INC [CRM]
EQUITY
79466L302
11,800
251.12
2,963,216.00
1.1
AMGEN INC [AMGN]
EQUITY
031162100
9,646
303.00
2,922,738.00
1.1
PFIZER INC [PFE]
EQUITY
717081103
97,730
29.47
2,880,103.10
1.0
LOCKHEED MARTIN CORP [LMT]
EQUITY
539830109
6,175
456.50
2,818,887.50
1.0
CONOCOPHILLIPS [COP]
EQUITY
20825C104
24,142
116.53
2,813,267.26
1.0
UNITED PARCEL SERVICE-CL B [UPS]
EQUITY
911312106
17,574
158.72
2,789,345.28
1.0
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
47,384
58.16
2,755,853.44
1.0
DEERE & CO [DE]
EQUITY
244199105
6,949
395.96
2,751,526.04
1.0
NETFLIX INC [NFLX]
EQUITY
64110L106
5,304
474.06
2,514,414.24
0.9
ADVANCED MICRO DEVICES [AMD]
EQUITY
007903107
17,309
138.58
2,398,681.22
0.9
PHILIP MORRIS INTERNATIONAL [PM]
EQUITY
718172109
24,962
95.30
2,378,878.60
0.9
INTEL CORP [INTC]
EQUITY
458140100
49,916
46.89
2,340,561.24
0.8
S&P GLOBAL INC [SPGI]
EQUITY
78409V104
5,398
427.93
2,309,966.14
0.8
PROLOGIS INC [PLD]
EQUITY
74340W103
17,468
130.56
2,280,622.08
0.8
MARRIOTT INTERNATIONAL -CL A [MAR]
EQUITY
571903202
9,324
222.42
2,073,844.08
0.8
GOLDMAN SACHS GROUP INC [GS]
EQUITY
38141G104
5,274
386.44
2,038,084.56
0.7
NIKE INC -CL B [NKE]
EQUITY
654106103
19,786
102.08
2,019,754.88
0.7
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
6,252
322.50
2,016,270.00
0.7
INTUIT INC [INTU]
EQUITY
461202103
3,384
589.02
1,993,243.68
0.7
VERTEX PHARMACEUTICALS INC [VRTX]
EQUITY
92532F100
4,752
416.50
1,979,208.00
0.7
LULULEMON ATHLETICA INC [LULU]
EQUITY
550021109
3,967
491.10
1,948,193.70
0.7
MORGAN STANLEY [MS]
EQUITY
617446448
20,229
93.24
1,886,151.96
0.7
BLACKROCK INC [BLK]
EQUITY
09247X101
2,294
782.83
1,795,812.02
0.7
SCHLUMBERGER LTD [SLB]
EQUITY
806857108
34,294
51.86
1,778,486.84
0.6
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
11,018
159.16
1,753,624.88
0.6
SERVICENOW INC [NOW]
EQUITY
81762P102
2,450
676.16
1,656,592.00
0.6
REGENERON PHARMACEUTICALS [REGN]
EQUITY
75886F107
1,810
913.17
1,652,837.70
0.6
AMERICAN EXPRESS CO [AXP]
EQUITY
025816109
8,381
189.06
1,584,511.86
0.6
MONDELEZ INTERNATIONAL INC-A [MDLZ]
EQUITY
609207105
21,437
73.09
1,566,830.33
0.6
SOUTHERN CO/THE [SO]
EQUITY
842587107
21,683
71.61
1,552,719.63
0.6
SCHWAB (CHARLES) CORP [SCHW]
EQUITY
808513105
23,061
67.23
1,550,391.03
0.6
AIRBNB INC-CLASS A [ABNB]
EQUITY
009066101
11,170
135.98
1,518,896.60
0.6
NORTHROP GRUMMAN CORP [NOC]
EQUITY
666807102
3,232
469.89
1,518,684.48
0.6
PROGRESSIVE CORP [PGR]
EQUITY
743315103
9,011
162.71
1,466,179.81
0.5
EQUINIX INC [EQIX]
EQUITY
29444U700
1,724
788.39
1,359,184.36
0.5
ALTRIA GROUP INC [MO]
EQUITY
02209S103
26,899
41.49
1,116,039.51
0.4
COLGATE-PALMOLIVE CO [CL]
EQUITY
194162103
13,346
79.98
1,067,413.08
0.4
NUCOR CORP [NUE]
EQUITY
670346105
5,976
170.57
1,019,326.32
0.4
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
3,367
282.93
952,625.31
0.3
DOW INC [DOW]
EQUITY
260557103
16,578
54.82
908,805.96
0.3
PIONEER NATURAL RESOURCES CO [PXD]
EQUITY
723787107
3,948
230.08
908,355.84
0.3
AMERICAN ELECTRIC POWER [AEP]
EQUITY
025537101
10,803
84.07
908,208.21
0.3
KKR & CO INC [KKR]
EQUITY
48251W104
10,893
81.27
885,274.11
0.3
PUBLIC STORAGE [PSA]
EQUITY
74460D109
2,884
298.61
861,191.24
0.3
SYNOPSYS INC [SNPS]
EQUITY
871607107
1,763
484.81
854,720.03
0.3
NEWMONT CORP [NEM]
EQUITY
651639106
20,777
40.34
838,144.18
0.3
CORTEVA INC [CTVA]
EQUITY
22052L104
17,337
47.33
820,560.21
0.3
CUMMINS INC [CMI]
EQUITY
231021106
3,416
238.16
813,554.56
0.3
EBAY INC [EBAY]
EQUITY
278642103
18,864
42.79
807,190.56
0.3
DUPONT DE NEMOURS INC [DD]
EQUITY
26614N102
10,330
76.69
792,207.70
0.3
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
3,066
252.71
774,808.86
0.3
FORD MOTOR CO [F]
EQUITY
345370860
64,650
11.85
766,102.50
0.3
TRAVELERS COS INC/THE [TRV]
EQUITY
89417E109
3,870
193.07
747,180.90
0.3
EXPEDIA GROUP INC [EXPE]
EQUITY
30212P303
5,103
146.32
746,670.96
0.3
HESS CORP [HES]
EQUITY
42809H107
5,013
145.06
727,185.78
0.3
EXELON CORP [EXC]
EQUITY
30161N101
19,971
36.31
725,147.01
0.3
DIGITAL REALTY TRUST INC [DLR]
EQUITY
253868103
5,466
130.83
715,116.78
0.3
CONSOLIDATED EDISON INC [ED]
EQUITY
209115104
7,509
93.52
702,241.68
0.3
IQVIA HOLDINGS INC [IQV]
EQUITY
46266C105
3,172
220.52
699,489.44
0.3
QUANTA SERVICES INC [PWR]
EQUITY
74762E102
3,375
199.08
671,895.00
0.2
AGILENT TECHNOLOGIES INC [A]
EQUITY
00846U101
5,059
130.56
660,503.04
0.2
KIMBERLY-CLARK CORP [KMB]
EQUITY
494368103
5,366
122.25
655,993.50
0.2
GENERAL MILLS INC [GIS]
EQUITY
370334104
9,689
64.99
629,688.11
0.2
DELTA AIR LINES INC [DAL]
EQUITY
247361702
15,481
40.54
627,599.74
0.2
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
2,345
265.80
623,301.00
0.2
P G & E CORP [PCG]
EQUITY
69331C108
33,225
17.89
594,395.25
0.2
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
2,571
230.92
593,695.32
0.2
CROWDSTRIKE HOLDINGS INC - A [CRWD]
EQUITY
22788C105
2,363
247.46
584,747.98
0.2
CONSTELLATION BRANDS INC-A [STZ]
EQUITY
21036P108
2,330
247.53
576,744.90
0.2
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
3,047
189.12
576,248.64
0.2
AUTODESK INC [ADSK]
EQUITY
052769106
2,505
229.52
574,947.60
0.2
MARVELL TECHNOLOGY INC [MRVL]
EQUITY
573874104
9,563
59.92
573,014.96
0.2
EDISON INTERNATIONAL [EIX]
EQUITY
281020107
7,882
72.57
571,996.74
0.2
ONEOK INC [OKE]
EQUITY
682680103
7,711
71.59
552,030.49
0.2
ELECTRONIC ARTS INC [EA]
EQUITY
285512109
3,908
135.61
529,963.88
0.2
SBA COMMUNICATIONS CORP [SBAC]
EQUITY
78410G104
2,073
246.59
511,181.07
0.2
MSCI INC [MSCI]
EQUITY
55354G100
910
538.05
489,625.50
0.2
GE HEALTHCARE TECHNOLOGY [GEHC]
EQUITY
36266G107
5,979
76.62
458,110.98
0.2
RESMED INC [RMD]
EQUITY
761152107
2,673
166.82
445,909.86
0.2
DTE ENERGY COMPANY [DTE]
EQUITY
233331107
3,987
110.65
441,161.55
0.2
PPL CORP [PPL]
EQUITY
69351T106
15,171
27.75
420,995.25
0.2
HARTFORD FINANCIAL SVCS GRP [HIG]
EQUITY
416515104
5,079
82.82
420,642.78
0.2
SOUTHWEST AIRLINES CO [LUV]
EQUITY
844741108
14,419
29.15
420,313.85
0.2
ARCH CAPITAL GROUP LTD [ACGL]
EQUITY
G0450A105
5,462
76.81
419,536.22
0.2
FORTINET INC [FTNT]
EQUITY
34959E109
7,036
58.34
410,480.24
0.1
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
2,074
189.38
392,774.12
0.1
JACOBS SOLUTIONS INC [J]
EQUITY
46982L108
3,083
126.58
390,246.14
0.1
OMNICOM GROUP [OMC]
EQUITY
681919106
4,528
85.88
388,864.64
0.1
TRADE DESK INC/THE -CLASS A [TTD]
EQUITY
88339J105
5,340
67.64
361,197.60
0.1
ANSYS INC [ANSS]
EQUITY
03662Q105
1,037
344.08
356,810.96
0.1
ILLUMINA INC [ILMN]
EQUITY
452327109
2,725
130.48
355,558.00
0.1
HP INC [HPQ]
EQUITY
40434L105
11,865
29.95
355,356.75
0.1
ATLASSIAN CORP-CL A [TEAM]
EQUITY
049468101
1,563
226.10
353,394.30
0.1
ATMOS ENERGY CORP [ATO]
EQUITY
049560105
2,856
117.98
336,950.88
0.1
ETSY INC [ETSY]
EQUITY
29786A106
4,386
75.64
331,757.04
0.1
BIOMARIN PHARMACEUTICAL INC [BMRN]
EQUITY
09061G101
3,368
96.47
324,910.96
0.1
UNITED AIRLINES HOLDINGS INC [UAL]
EQUITY
910047109
7,713
41.76
322,094.88
0.1
PRINCIPAL FINANCIAL GROUP [PFG]
EQUITY
74251V102
3,935
80.82
318,026.70
0.1
VEEVA SYSTEMS INC-CLASS A [VEEV]
EQUITY
922475108
1,706
185.69
316,787.14
0.1
NASDAQ INC [NDAQ]
EQUITY
631103108
5,516
55.67
307,075.72
0.1
SYNCHRONY FINANCIAL [SYF]
EQUITY
87165B103
7,645
38.82
296,778.90
0.1
PALANTIR TECHNOLOGIES INC-A [PLTR]
EQUITY
69608A108
17,634
15.98
281,791.32
0.1
ESSEX PROPERTY TRUST INC [ESS]
EQUITY
297178105
1,147
243.58
279,386.26
0.1
MONGODB INC [MDB]
EQUITY
60937P106
762
365.39
278,427.18
0.1
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
2,362
117.05
276,472.10
0.1
PINTEREST INC- CLASS A [PINS]
EQUITY
72352L106
7,594
35.92
272,776.48
0.1
ALIGN TECHNOLOGY INC [ALGN]
EQUITY
016255101
1,027
264.68
271,826.36
0.1
BROWN-FORMAN CORP-CLASS B [BF/B]
EQUITY
115637209
4,896
55.09
269,720.64
0.1
HEWLETT PACKARD ENTERPRISE [HPE]
EQUITY
42824C109
15,419
17.17
264,744.23
0.1
AES CORP [AES]
EQUITY
00130H105
13,825
18.80
259,910.00
0.1
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
1,307
193.52
252,930.64
0.1
EQT CORP [EQT]
EQUITY
26884L109
6,234
38.71
241,318.14
0.1
CINCINNATI FINANCIAL CORP [CINF]
EQUITY
172062101
2,199
107.36
236,084.64
0.1
SNAP INC - A [SNAP]
EQUITY
83304A106
13,578
16.55
224,715.90
0.1
INCYTE CORP [INCY]
EQUITY
45337C102
3,405
65.26
222,210.30
0.1
FACTSET RESEARCH SYSTEMS INC [FDS]
EQUITY
303075105
460
456.58
210,026.80
0.1
TRANSUNION [TRU]
EQUITY
89400J107
3,183
64.99
206,863.17
0.1
ZSCALER INC [ZS]
EQUITY
98980G102
952
209.81
199,739.12
0.1
CAMDEN PROPERTY TRUST [CPT]
EQUITY
133131102
1,992
98.19
195,594.48
0.1
TERADYNE INC [TER]
EQUITY
880770102
1,812
102.77
186,219.24
0.1
EPAM SYSTEMS INC [EPAM]
EQUITY
29414B104
631
288.85
182,264.35
0.1
ROBLOX CORP -CLASS A [RBLX]
EQUITY
771049103
4,235
41.74
176,768.90
0.1
ZOOM VIDEO COMMUNICATIONS-A [ZM]
EQUITY
98980L101
2,611
66.96
174,832.56
0.1
TRIMBLE INC [TRMB]
EQUITY
896239100
3,171
50.77
160,991.67
0.1
TRADEWEB MARKETS INC-CLASS A [TW]
EQUITY
892672106
1,684
93.00
156,612.00
0.1
MATCH GROUP INC [MTCH]
EQUITY
57667L107
4,173
36.68
153,065.64
0.1
TWILIO INC - A [TWLO]
EQUITY
90138F102
2,037
69.03
140,614.11
0.1
FRANKLIN RESOURCES INC [BEN]
EQUITY
354613101
4,419
28.88
127,620.72
0.0
VF CORP [VFC]
EQUITY
918204108
6,145
16.90
103,850.50
0.0
UNITY SOFTWARE INC [U]
EQUITY
91332U101
2,291
37.78
86,553.98
0.0
ZOOMINFO TECHNOLOGIES INC [ZI]
EQUITY
98980F104
3,795
17.06
64,742.70
0.0
BROWN-FORMAN CORP-CLASS A [BF/A]
EQUITY
115637100
781
57.44
44,860.64
0.0
Total
--
--
--
--
--
275,271
100.0
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.0
Total Net Assets
--
--
--
--
--
--
100%

As of 9/30/2023

Human Capital Factor US Large Cap ETF (HAPI)

CIBC Human Capital Index

-

Information Technology

HAPI: 23.6%

Benchmark: 23.8%

-

Health Care

HAPI: 14.5%

Benchmark: 14.5%

-

Communication Services

HAPI: 13.9%

Benchmark: 14.1%

-

Financials

HAPI: 13.1%

Benchmark: 13.2%

-

Consumer Discretionary

HAPI: 11.2%

Benchmark: 11.4%

-

Industrials

HAPI: 6.2%

Benchmark: 6.3%

-

Consumer Staples

HAPI: 5.4%

Benchmark: 5.4%

-

Energy

HAPI: 5.3%

Benchmark: 5.2%

-

Utilities

HAPI: 2.3%

Benchmark: 2.3%

-

Real Estate

HAPI: 2.2%

Benchmark: 2.2%

-

Materials

HAPI: 1.7%

Benchmark: 1.7%

HAPI: Human Capital Factor US Large Cap ETF

Benchmark: CIBC Human Capital Index

Investment Team


Harbor Capital Advisors, Inc. dark blue logo on white background

The Fund employs an indexing investment approach designed to track the performance of the CIBC Human Capital Index (“The Index”). The Fund invests at least 80% of its total assets in securities that are included in the Index.

The Index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC (“Irrational Capital”) as those it believes to possess strong corporate culture based on its proprietary scoring methodology. The Index was developed by the Canadian Imperial Bank of Commerce (CIBC, the “Index Provider”).

Harbor Capital serves as the investment adviser.


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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.

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. The Fund may not exactly track the performance of the Index with perfect accuracy at all times. Tracking error may occur because of pricing differences, timing and costs incurred by the fund or during times of heightened market volatility. The Fund relies on the Index provider's methodology in assessing whether a company may be considered a corporate culture leader. There is no guarantee that the construction methodology will accurately assess a company to include or exclude it from the index which could have an adverse effect on the Fund's returns. The Fund's assets may be concentrated in a particular sector or industries to the extent the Index is concentrated and is subject to the risk that economic, political, or other market conditions that have a negative effect on that sector or industry will negatively impact the value of the Fund.

Companies in the information technology sector can be significantly affected by short product cycles, obsolescence of existing technology, impairment or loss of intellectual property rights, falling prices and profits, competition from new market entrants, government regulation and other factors.

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.

CIBC is a third-party index provider to the Harbor Human Capital Factors US Large Cap ETF

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.

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.

©2024 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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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.