Harbor Human Capital Factor Unconstrained ETF
Active ETF
HAPY
Price as of:
$23.87
- $0.17
- 0.70%
Primary Theme
N/A
fund company
N/A
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
12.6%
1 yr return
37.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$12.6 M
Holdings in Top 10
15.4%
52 WEEK LOW AND HIGH
$24.0
$16.90
$24.25
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HAPY - Profile
Distributions
- YTD Total Return 12.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHarbor Human Capital Factor Unconstrained ETF
-
Fund Family NameN/A
-
Inception DateFeb 23, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Erceg
Fund Description
The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests at least 80% of its total assets in securities that are included in the Index.The Index is designed to deliver exposure to equity securities of U.S. companies that are “corporate culture leaders” based on scores produced by Irrational Capital LLC (“Irrational Capital” or the “Index Provider”). “Corporate culture leaders” are those companies with high “Human Capital Factor” scores, which are determined by Irrational Capital in accordance with a rules-based methodology that seeks to identify companies that best manage their human capital, resulting in highly motivated and engaged employees. Companies with market capitalizations in excess of $1 billion at the time of Index reconstitution are eligible for inclusion in the Index. The Index is equally weighted and composed of approximately 70 to 100 companies with top Human Capital Factor scores at the time of Index reconstitution.The Index Provider calculates Human Capital Factor scores based on a proprietary scoring methodology developed by Irrational Capital leveraging its research in behavioral science, data science and human capital. The scoring methodology seeks to quantitatively measure the contribution of a company’s corporate culture to its financial performance. Irrational Capital calculates Human Capital Factor scores based on a combination of multiple characteristics, such as■Employee engagement and motivation■Trust and transparency■Point of view diversity■Compensation fairnessThe significance of the various characteristics varies with each reconstitution based on the most current data. The Index Provider expects to continue to refine its proprietary methods over time.The Index has been created and licensed to the Advisor by Irrational Capital and is calculated, published and distributed by Solactive AG (“Solactive”). The Index is comprised of equity securities traded on U.S. public securities exchanges. The Fund may purchase American Depositary Receipts (ADRs), which are certificates typically issued by a bank or trust company that represent ownership interests in securities issued by a foreign or domestic company. The Fund may concentrate its investments in a particular sector, industry or group of industries from time to time to the extent that the Index concentrates in a sector, industry or group of industries. As of the date of this Prospectus, the Index is concentrated in the group of industries comprising the information technology sector. Under normal circumstances, the Index is reconstituted annually and rebalanced quarterly.The Fund uses an indexing investment approach to attempt to approximate, before fees and expenses, the investment performance of the Index. The Fund generally will use a replication strategy, which means that the Fund seeks to hold each security found in the Index in approximately the same proportion as represented in the Index itself. There also may be instances in which Harbor Capital Advisors, Inc. (the “Advisor or “Harbor Capital”) may choose to underweight or overweight a security in the Index, purchase securities not in the Index that the Advisor believes are appropriate to substitute for certain securities in the Index or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible, before fees and expenses, the performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. The Fund does not take temporary defensive positions when markets decline or appear overvalued.
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HAPY - Performance
Return Ranking - Trailing
| Period | HAPY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.6% | -51.8% | 22.1% | N/A |
| 1 Yr | 37.4% | -58.9% | 46.9% | N/A |
| 3 Yr | N/A* | -25.7% | 197.6% | N/A |
| 5 Yr | N/A* | -29.1% | 93.8% | N/A |
| 10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HAPY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 33.6% | -69.4% | 53.7% | N/A |
| 2022 | N/A | -94.0% | 152.6% | N/A |
| 2021 | N/A | -13.9% | 183.6% | N/A |
| 2020 | N/A | -18.2% | 8.9% | N/A |
| 2019 | N/A | -80.2% | 35.2% | N/A |
Total Return Ranking - Trailing
| Period | HAPY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.6% | -97.2% | 22.1% | N/A |
| 1 Yr | 37.4% | -58.9% | 67.6% | N/A |
| 3 Yr | N/A* | -25.7% | 197.6% | N/A |
| 5 Yr | N/A* | -28.1% | 93.8% | N/A |
| 10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HAPY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 34.1% | -69.4% | 53.7% | N/A |
| 2022 | N/A | -94.0% | 152.6% | N/A |
| 2021 | N/A | -13.9% | 183.6% | N/A |
| 2020 | N/A | -12.8% | 8.9% | N/A |
| 2019 | N/A | -60.0% | 35.2% | N/A |
HAPY - Holdings
Concentration Analysis
| HAPY | Category Low | Category High | HAPY % Rank | |
|---|---|---|---|---|
| Net Assets | 12.6 M | 177 K | 1.21 T | 97.41% |
| Number of Holdings | 75 | 2 | 4154 | 54.84% |
| Net Assets in Top 10 | 2.03 M | 1.74 K | 270 B | 98.69% |
| Weighting of Top 10 | 15.39% | 1.8% | 100.0% | 98.45% |
Top 10 Holdings
- NVIDIA Corp 1.64%
- Evercore Inc 1.64%
- Guidewire Software Inc 1.61%
- SouthState Corp 1.56%
- Apple Inc 1.52%
- Smartsheet Inc 1.50%
- Prologis Inc 1.49%
- Adobe Inc 1.48%
- Lockheed Martin Corp 1.48%
- Autodesk Inc 1.47%
Asset Allocation
| Weighting | Return Low | Return High | HAPY % Rank | |
|---|---|---|---|---|
| Stocks | 99.78% | 0.00% | 130.24% | 32.57% |
| Cash | 0.22% | -102.29% | 100.00% | 66.11% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 57.40% |
| Other | 0.00% | -13.91% | 134.98% | 57.61% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 55.39% |
| Bonds | 0.00% | -0.04% | 95.81% | 55.39% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HAPY % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 25.44% | 59.52% |
| Technology | 0.00% | 0.00% | 48.94% | 0.28% |
| Real Estate | 0.00% | 0.00% | 37.52% | 3.01% |
| Industrials | 0.00% | 0.00% | 29.90% | 89.01% |
| Healthcare | 0.00% | 0.00% | 60.70% | 92.23% |
| Financial Services | 0.00% | 0.00% | 55.59% | 93.07% |
| Energy | 0.00% | 0.00% | 41.64% | 92.65% |
| Communication Services | 0.00% | 0.00% | 27.94% | 41.81% |
| Consumer Defense | 0.00% | 0.00% | 49.14% | 93.35% |
| Consumer Cyclical | 0.00% | 0.00% | 50.47% | 64.01% |
| Basic Materials | 0.00% | 0.00% | 26.10% | 87.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HAPY % Rank | |
|---|---|---|---|---|
| US | 99.78% | 0.00% | 127.77% | 6.78% |
| Non US | 0.00% | 0.00% | 33.51% | 96.06% |
HAPY - Expenses
Operational Fees
| HAPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.01% | 2.95% | 69.23% |
| Management Fee | 0.50% | 0.00% | 2.00% | 47.93% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 14.37% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| HAPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HAPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HAPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | N/A |
HAPY - Distributions
Dividend Yield Analysis
| HAPY | Category Low | Category High | HAPY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.32% | 0.00% | 19.15% | 77.63% |
Dividend Distribution Analysis
| HAPY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| HAPY | Category Low | Category High | HAPY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -54.00% | 6.06% | N/A |
Capital Gain Distribution Analysis
| HAPY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.076 | OrdinaryDividend |
| Dec 21, 2022 | $0.026 | OrdinaryDividend |
HAPY - Fund Manager Analysis
Managers
James Erceg
Start Date
Tenure
Tenure Rank
Feb 23, 2022
0.27
0.3%
Mr. Erceg joined Harbor Capital in 2019 as Executive Vice President and Head of Product. Prior to joining Harbor Capital, Mr. Erceg held multiple product roles during his 12 years at T.Rowe Price & Associates, most recently as Head of Product Strategy and Channel Management for North America. Prior to T. Rowe Price, Mr. Erceg was a Director of Product at Ryder Capital Partners. Mr. Erceg began his investment career in 1995.
Stephen Cook
Start Date
Tenure
Tenure Rank
Feb 23, 2022
0.27
0.3%
Mr. Cook joined Harbor Capital in 2021 as Managing Director, ETFs. Prior to joining Harbor Capital, Mr. Cook was a Senior Vice President, Global Services Client Operations at State Street Corporation. Before State Street, Mr. Cook spent 20 years at BNY Mellon, most recently as Managing Director and COO Global Structured Funds. Mr. Cook began his investment career in 1996.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.17 | 2.42 |