Select Investor Profilechevron

What type of investor are you?

Individual Investor
Institutional Investor
phone iconContact

Harbor Long-Short Equity ETF (LSEQ)

It is our view that there is a shortage of strong, transparent liquid alternative options available to investors. Until now.

Harbor Long-Short Equity ETF (LSEQ)

It is our view that there is a shortage of strong, transparent liquid alternative options available to investors. Until now.

Welcome
Overview
Performance
Holdings
Investment Team
Documents
chevron

Request a Call


Locate Your Harbor Consultant
INSTITUTIONAL INVESTORS ONLY: Please enter your zip code to locate an Investment Consultant.

Here’s the Long and Short of it

We believe that diversification has become harder to achieve as stock and bond correlations have risen. LSEQ can potentially be a solution for those seeking a different type of return stream through a variety of macro backdrops.

  • Using a regime framework, the long and short equity features afford investors equity exposure with an elevated focus on downside mitigation.
  • The strategy seeks low correlation to broad-based equity markets, resulting in potential diversification benefits.
  • We believe the investment team at Disciplined Alpha has an active edge, with an over 10-year record of systematic long-short investing, identifying macro trends, and selecting both long investments that have the potential to experience tailwinds and short investments that appear positioned to decline.

Overview

Investment Team
Management Team Logo

Current Price

As of 10/29/2024

$27.77

Price (NAV)

$0.08

NAV Daily Change ($)

0.29%

NAV Daily Change (%)

15.80%

NAV YTD Return

Fund Facts

As of 10/29/2024

12/4/2023

Inception Date

1.70

Expense Ratio (%)
disclaimer

$22.149

Total Net Assets (million)

799,998

Shares Outstanding
(As of 10/29/2024)

LSEQ

Ticker

41151J828

Cusip

NYSE

Exchange

US41151J8282

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Long-Short Equity

Morningstar Category

HFRX Equity Hedge Index

Benchmark

Investment Objective:

The Fund seeks long-term growth of capital.

Pricing/Trading

As of 10/28/2024

$27.71

Bid/Ask Mid Price

$27.70

Closing Market Price

$0.02

Premium/Discount ($)

0.07%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

YTD

Days Traded at a Premium1849626419194
Days Traded at a Discount11110113

0.40%

30-Day Median Bid/Ask Spread

76

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Performance

Average Annual Returns

Quarter-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Long-Short Equity ETF - at NAV
-2.55%
13.26%
15.50%
1.70%
4.70%
4.85%
1.70%disclaimer
1.70%
HFRX Equity Hedge Index
2.26%
7.48%
11.35%
4.52%
6.01%
3.56%
--
--

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.

ETF performance prior to 12/4/23 is attributable to the Disciplined Alpha Onshore Fund LP (the “Predecessor Fund”). The historical NAV of the predecessor are used for both NAV and Market Offer Price performance from inception to ETF listing date. Performance periods since LSEQ listing date may contain NAV and MOP data of both the newly formed ETF and the predecessor fund performance. Please refer to the Fund prospectus for further details.

The HFRX Equity Hedge Index measures the performance of the hedge fund market. Equity hedge strategies maintain positions both long and short in primarily equity and equity derivative securities. A wide variety of investment processes can be employed to arrive at an investment decision, including both quantitative and fundamental techniques; strategies can be broadly diversified or narrowly focused on specific sectors and can range broadly in terms of levels of net exposure, leverage employed, holding period, concentrations of market capitalizations and valuation ranges of typical portfolios.

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
--
--
--
0.00000

Holdings

Portfolio Characteristics

As of 9/30/2024

163

Number of Holdings

69428.4

Wtd Avg Market Cap ($Mil)

7.69

Price/Book Ratio

28.4

Adjusted Trailing P/E Ratio

16.2

% EPS Growth - Past 3 Yr

19.32

Return on Equity (%)

26.2

Forecasted P/E Ratio

Top Ten Holdings

As of 10/28/2024

Company Name [Ticker]

% of Net Assets

APPLOVIN CORP-CLASS A[APP]
2.4
NORDSTROM INC[JWN]
2.3
UIPATH INC - CLASS A[PATH]
2.2
PLAYTIKA HOLDING CORP[PLTK]
2.1
PALANTIR TECHNOLOGIES INC-A[PLTR]
2.1
CARVANA CO[CVNA]
2.0
CASEY'S GENERAL STORES INC[CASY]
2.0
EXELIXIS INC[EXEL]
1.9
WALMART INC[WMT]
1.9
PENN ENTERTAINMENT INC[PENN]
1.9
% of Total Holdings:
20.8%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector and/or countries mentioned may change at any time and may not represent current or future investments.

As of 10/28/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

APPLOVIN CORP-CLASS A [APP]
EQUITY
03831W108
3,245
166.185
539,270.33
2.4
NORDSTROM INC [JWN]
EQUITY
655664100
21,589
23.22
501,296.58
2.3
UIPATH INC - CLASS A [PATH]
EQUITY
90364P105
38,508
12.48
480,579.84
2.2
PLAYTIKA HOLDING CORP [PLTK]
EQUITY
72815L107
59,855
7.91
473,453.05
2.1
PALANTIR TECHNOLOGIES INC-A [PLTR]
EQUITY
69608A108
10,314
44.97
463,820.58
2.1
CARVANA CO [CVNA]
EQUITY
146869102
2,193
205.02
449,608.86
2.0
CASEY'S GENERAL STORES INC [CASY]
EQUITY
147528103
1,110
400.61
444,677.10
2.0
EXELIXIS INC [EXEL]
EQUITY
30161Q104
14,903
28.50
424,735.50
1.9
WALMART INC [WMT]
EQUITY
931142103
5,095
82.75
421,611.25
1.9
PENN ENTERTAINMENT INC [PENN]
EQUITY
707569109
20,944
19.89
416,576.16
1.9
COSTCO WHOLESALE CORP [COST]
EQUITY
22160K105
455
890.96
405,386.80
1.8
US FOODS HOLDING CORP [USFD]
EQUITY
912008109
6,560
61.00
400,160.00
1.8
PERRIGO CO PLC [PRGO]
EQUITY
G97822103
15,206
25.77
391,858.62
1.8
VICTORIA'S SECRET & CO [VSCO]
EQUITY
926400102
12,419
29.42
365,366.98
1.6
BOSTON SCIENTIFIC CORP [BSX]
EQUITY
101137107
4,065
84.76
344,549.40
1.6
DOXIMITY INC-CLASS A [DOCS]
EQUITY
26622P107
8,279
41.42
342,916.18
1.5
ARISTA NETWORKS INC [ANET]
EQUITY
040413106
869
392.38
340,978.22
1.5
T-MOBILE US INC [TMUS]
EQUITY
872590104
1,474
227.81
335,791.94
1.5
DECKERS OUTDOOR CORP [DECK]
EQUITY
243537107
1,932
169.29
327,068.28
1.5
ELI LILLY & CO [LLY]
EQUITY
532457108
347
895.59
310,769.73
1.4
SPOTIFY TECHNOLOGY SA [SPOT]
EQUITY
L8681T102
743
384.36
285,579.48
1.3
DROPBOX INC-CLASS A [DBX]
EQUITY
26210C104
11,313
25.15
284,521.95
1.3
RYDER SYSTEM INC [R]
EQUITY
783549108
1,966
144.39
283,870.74
1.3
DOCUSIGN INC [DOCU]
EQUITY
256163106
4,075
69.58
283,538.50
1.3
NEWMONT CORP [NEM]
EQUITY
651639106
5,860
48.36
283,389.60
1.3
BOOKING HOLDINGS INC [BKNG]
EQUITY
09857L108
65
4,347.59
282,593.35
1.3
LINDE PLC [LIN]
EQUITY
G54950103
576
476.00
274,176.00
1.2
ZEBRA TECHNOLOGIES CORP-CL A [ZBRA]
EQUITY
989207105
717
363.58
260,686.86
1.2
KIRBY CORP [KEX]
EQUITY
497266106
2,064
124.78
257,545.92
1.2
DAVITA INC [DVA]
EQUITY
23918K108
1,637
157.05
257,090.85
1.2
CAVA GROUP INC [CAVA]
EQUITY
148929102
1,806
138.47
250,076.82
1.1
MURPHY USA INC [MUSA]
EQUITY
626755102
513
482.55
247,548.15
1.1
GRAPHIC PACKAGING HOLDING CO [GPK]
EQUITY
388689101
8,106
30.35
246,017.10
1.1
ROYAL CARIBBEAN CRUISES LTD [RCL]
EQUITY
V7780T103
1,200
203.52
244,224.00
1.1
GODADDY INC - CLASS A [GDDY]
EQUITY
380237107
1,520
159.90
243,048.00
1.1
WILLIAMS-SONOMA INC [WSM]
EQUITY
969904101
1,817
132.50
240,752.50
1.1
ATI INC [ATI]
EQUITY
01741R102
3,788
63.22
239,477.36
1.1
MOTOROLA SOLUTIONS INC [MSI]
EQUITY
620076307
520
457.39
237,842.80
1.1
REGENERON PHARMACEUTICALS [REGN]
EQUITY
75886F107
253
928.61
234,938.33
1.1
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
398
578.16
230,107.68
1.0
KINDER MORGAN INC [KMI]
EQUITY
49456B101
9,250
24.80
229,400.00
1.0
PACKAGING CORP OF AMERICA [PKG]
EQUITY
695156109
996
227.45
226,540.20
1.0
TENET HEALTHCARE CORP [THC]
EQUITY
88033G407
1,606
139.49
224,020.94
1.0
RPM INTERNATIONAL INC [RPM]
EQUITY
749685103
1,716
129.45
222,136.20
1.0
TRACTOR SUPPLY COMPANY [TSCO]
EQUITY
892356106
817
269.985
220,577.75
1.0
NETAPP INC [NTAP]
EQUITY
64110D104
1,825
120.41
219,748.25
1.0
AT&T INC [T]
EQUITY
00206R102
9,909
22.11
219,087.99
1.0
ECOLAB INC [ECL]
EQUITY
278865100
833
256.45
213,622.85
1.0
UBER TECHNOLOGIES INC [UBER]
EQUITY
90353T100
2,737
77.69
212,637.53
1.0
DICK'S SPORTING GOODS INC [DKS]
EQUITY
253393102
1,029
205.27
211,222.83
1.0
TECHNIPFMC PLC [FTI]
EQUITY
G87110105
8,052
26.08
209,996.16
0.9
APPFOLIO INC - A [APPF]
EQUITY
03783C100
997
210.37
209,738.89
0.9
MANHATTAN ASSOCIATES INC [MANH]
EQUITY
562750109
755
275.39
207,919.45
0.9
TJX COMPANIES INC [TJX]
EQUITY
872540109
1,793
114.17
204,706.81
0.9
PEGASYSTEMS INC [PEGA]
EQUITY
705573103
2,534
80.30
203,480.20
0.9
GEN DIGITAL INC [GEN]
EQUITY
668771108
7,504
27.03
202,833.12
0.9
TEXAS ROADHOUSE INC [TXRH]
EQUITY
882681109
1,076
188.11
202,406.36
0.9
ANTERO MIDSTREAM CORP [AM]
EQUITY
03676B102
13,501
14.88
200,894.88
0.9
ENCOMPASS HEALTH CORP [EHC]
EQUITY
29261A100
2,151
93.09
200,236.59
0.9
SERVICENOW INC [NOW]
EQUITY
81762P102
207
945.00
195,615.00
0.9
CENCORA INC [COR]
EQUITY
03073E105
832
233.57
194,330.24
0.9
AMCOR PLC [AMCR]
EQUITY
G0250X107
17,482
11.08
193,700.56
0.9
HILTON WORLDWIDE HOLDINGS IN [HLT]
EQUITY
43300A203
803
237.17
190,447.51
0.9
UNIVERSAL HEALTH SERVICES-B [UHS]
EQUITY
913903100
915
204.55
187,163.25
0.8
GUIDEWIRE SOFTWARE INC [GWRE]
EQUITY
40171V100
991
188.03
186,337.73
0.8
DOORDASH INC - A [DASH]
EQUITY
25809K105
1,197
153.37
183,583.89
0.8
GARTNER INC [IT]
EQUITY
366651107
356
514.67
183,222.52
0.8
FAIR ISAAC CORP [FICO]
EQUITY
303250104
91
1,996.88
181,716.08
0.8
TARGA RESOURCES CORP [TRGP]
EQUITY
87612G101
1,102
164.72
181,521.44
0.8
TYLER TECHNOLOGIES INC [TYL]
EQUITY
902252105
298
605.39
180,406.22
0.8
CORNING INC [GLW]
EQUITY
219350105
3,805
46.84
178,226.20
0.8
WILLIAMS COS INC [WMB]
EQUITY
969457100
3,404
52.29
177,995.16
0.8
NETFLIX INC [NFLX]
EQUITY
64110L106
236
749.12
176,792.32
0.8
HCA HEALTHCARE INC [HCA]
EQUITY
40412C101
495
356.59
176,512.05
0.8
DT MIDSTREAM INC [DTM]
EQUITY
23345M107
1,988
87.42
173,790.96
0.8
ONEOK INC [OKE]
EQUITY
682680103
1,793
96.02
172,163.86
0.8
EAGLE MATERIALS INC [EXP]
EQUITY
26969P108
595
289.04
171,978.80
0.8
ROSS STORES INC [ROST]
EQUITY
778296103
1,200
143.16
171,792.00
0.8
INTUITIVE SURGICAL INC [ISRG]
EQUITY
46120E602
335
510.88
171,144.80
0.8
APTARGROUP INC [ATR]
EQUITY
038336103
1,004
169.10
169,776.40
0.8
F5 INC [FFIV]
EQUITY
315616102
768
218.36
167,700.48
0.8
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
776
212.91
165,218.16
0.7
LOWE'S COS INC [LOW]
EQUITY
548661107
616
267.97
165,069.52
0.7
EBAY INC [EBAY]
EQUITY
278642103
2,610
62.99
164,403.90
0.7
CRH PLC [CRH]
EQUITY
G25508105
1,738
94.40
164,067.20
0.7
SOUTHERN CO/THE [SO]
EQUITY
842587107
1,784
91.79
163,753.36
0.7
ROYAL GOLD INC [RGLD]
EQUITY
780287108
1,084
151.03
163,716.52
0.7
LOUISIANA-PACIFIC CORP [LPX]
EQUITY
546347105
1,584
102.19
161,868.96
0.7
WINGSTOP INC [WING]
EQUITY
974155103
437
368.56
161,060.72
0.7
VIPER ENERGY INC [VNOM]
EQUITY
927959106
3,106
51.36
159,524.16
0.7
ILLUMINA INC [ILMN]
EQUITY
452327109
1,095
144.03
157,712.85
0.7
APPLE INC [AAPL]
EQUITY
037833100
672
233.40
156,844.80
0.7
VISTRA CORP [VST]
EQUITY
92840M102
1,206
127.78
154,102.68
0.7
RESMED INC [RMD]
EQUITY
761152107
623
246.83
153,775.09
0.7
SHERWIN-WILLIAMS CO/THE [SHW]
EQUITY
824348106
421
363.27
152,936.67
0.7
GLOBUS MEDICAL INC - A [GMED]
EQUITY
379577208
2,060
74.20
152,852.00
0.7
CARDINAL HEALTH INC [CAH]
EQUITY
14149Y108
1,376
110.87
152,557.12
0.7
H&R BLOCK INC [HRB]
EQUITY
093671105
2,540
59.80
151,892.00
0.7
UNITED THERAPEUTICS CORP [UTHR]
EQUITY
91307C102
434
349.71
151,774.14
0.7
PALO ALTO NETWORKS INC [PANW]
EQUITY
697435105
417
362.35
151,099.95
0.7
INTL FLAVORS & FRAGRANCES [IFF]
EQUITY
459506101
1,468
102.20
150,029.60
0.7
ALNYLAM PHARMACEUTICALS INC [ALNY]
EQUITY
02043Q107
514
286.91
147,471.74
0.7
BURLINGTON STORES INC [BURL]
EQUITY
122017106
581
253.28
147,155.68
0.7
BRISTOL-MYERS SQUIBB CO [BMY]
EQUITY
110122108
2,788
52.64
146,760.32
0.7
THE CIGNA GROUP [CI]
EQUITY
125523100
461
314.92
145,178.12
0.7
CONSTELLATION ENERGY [CEG]
EQUITY
21037T109
543
266.98
144,970.14
0.7
NISOURCE INC [NI]
EQUITY
65473P105
4,102
35.14
144,144.28
0.7
BRIGHT HORIZONS FAMILY SOLUT [BFAM]
EQUITY
109194100
1,100
130.79
143,869.00
0.6
SMARTSHEET INC-CLASS A [SMAR]
EQUITY
83200N103
2,542
56.39
143,343.38
0.6
JAZZ PHARMACEUTICALS PLC [JAZZ]
EQUITY
G50871105
1,279
111.37
142,442.23
0.6
OMNICOM GROUP [OMC]
EQUITY
681919106
1,383
102.50
141,757.50
0.6
WESTLAKE CORP [WLK]
EQUITY
960413102
1,058
133.86
141,623.88
0.6
AMGEN INC [AMGN]
EQUITY
031162100
442
317.17
140,189.14
0.6
STRYKER CORP [SYK]
EQUITY
863667101
392
356.01
139,555.92
0.6
ABBVIE INC [ABBV]
EQUITY
00287Y109
734
189.68
139,225.12
0.6
NATERA INC [NTRA]
EQUITY
632307104
1,144
120.71
138,092.24
0.6
NRG ENERGY INC [NRG]
EQUITY
629377508
1,543
88.73
136,910.39
0.6
DELL TECHNOLOGIES -C [DELL]
EQUITY
24703L202
1,133
120.66
136,707.78
0.6
ULTRAGENYX PHARMACEUTICAL IN [RARE]
EQUITY
90400D108
2,504
53.07
132,887.28
0.6
IQVIA HOLDINGS INC [IQV]
EQUITY
46266C105
608
217.54
132,264.32
0.6
VERIZON COMMUNICATIONS INC [VZ]
EQUITY
92343V104
3,145
41.62
130,894.90
0.6
ROBLOX CORP -CLASS A [RBLX]
EQUITY
771049103
3,090
42.30
130,707.00
0.6
AVANTOR INC [AVTR]
EQUITY
05352A100
5,395
22.64
122,142.80
0.6
ESC GCI LIBERTY INC SR COMMON STOCK
EQUITY
--
361ESC049
1,871
0.00
0.00
0.0
ACADIA HEALTHCARE CO INC [ACHC]
EQUITY
00404A109
-4,290
51.49
-220,892.10
-1.0
ALIGN TECHNOLOGY INC [ALGN]
EQUITY
016255101
-1,311
215.80
-282,913.80
-1.3
VAIL RESORTS INC [MTN]
EQUITY
91879Q109
-1,727
170.62
-294,660.74
-1.3
DOLLAR GENERAL CORP [DG]
EQUITY
256677105
-3,711
81.10
-300,962.10
-1.4
WEATHERFORD INTERNATIONAL PL [WFRD]
EQUITY
G48833118
-3,882
80.00
-310,560.00
-1.4
WORKDAY INC-CLASS A [WDAY]
EQUITY
98138H101
-1,342
234.95
-315,302.90
-1.4
MICROSOFT CORP [MSFT]
EQUITY
594918104
-754
426.59
-321,648.86
-1.5
AMAZON.COM INC [AMZN]
EQUITY
023135106
-1,708
188.39
-321,770.12
-1.5
CABLE ONE INC [CABO]
EQUITY
12685J105
-953
344.31
-328,127.43
-1.5
SCHLUMBERGER LTD [SLB]
EQUITY
806857108
-7,979
41.39
-330,250.81
-1.5
LUMENTUM HOLDINGS INC [LITE]
EQUITY
55024U109
-5,116
64.96
-332,335.36
-1.5
CIVITAS RESOURCES INC [CIVI]
EQUITY
17888H103
-6,819
49.26
-335,903.94
-1.5
XPO INC [XPO]
EQUITY
983793100
-2,815
119.56
-336,561.40
-1.5
MATADOR RESOURCES CO [MTDR]
EQUITY
576485205
-6,713
50.68
-340,214.84
-1.5
SNOWFLAKE INC-CLASS A [SNOW]
EQUITY
833445109
-2,944
117.33
-345,419.52
-1.6
IDEXX LABORATORIES INC [IDXX]
EQUITY
45168D104
-782
449.44
-351,462.08
-1.6
CHORD ENERGY CORP [CHRD]
EQUITY
674215207
-2,809
126.42
-355,113.78
-1.6
ADVANCE AUTO PARTS INC [AAP]
EQUITY
00751Y106
-9,605
37.09
-356,249.45
-1.6
WEST PHARMACEUTICAL SERVICES [WST]
EQUITY
955306105
-1,158
310.41
-359,454.78
-1.6
ALBEMARLE CORP [ALB]
EQUITY
012653101
-3,714
98.14
-364,491.96
-1.6
CADENCE DESIGN SYS INC [CDNS]
EQUITY
127387108
-1,562
252.77
-394,826.74
-1.8
SYNOPSYS INC [SNPS]
EQUITY
871607107
-803
496.18
-398,432.54
-1.8
FIVE9 INC [FIVN]
EQUITY
338307101
-14,039
29.68
-416,677.52
-1.9
DEXCOM INC [DXCM]
EQUITY
252131107
-5,810
72.10
-418,901.00
-1.9
AVIS BUDGET GROUP INC [CAR]
EQUITY
053774105
-4,966
85.44
-424,295.04
-1.9
GROCERY OUTLET HOLDING CORP [GO]
EQUITY
39874R101
-25,367
16.84
-427,180.28
-1.9
LYFT INC-A [LYFT]
EQUITY
55087P104
-32,780
13.89
-455,314.20
-2.1
APA CORP [APA]
EQUITY
03743Q108
-19,341
23.70
-458,381.70
-2.1
MARTIN MARIETTA MATERIALS [MLM]
EQUITY
573284106
-796
578.27
-460,302.92
-2.1
SUPER MICRO COMPUTER INC [SMCI]
EQUITY
86800U104
-9,760
47.72
-465,747.20
-2.1
LITHIA MOTORS INC [LAD]
EQUITY
536797103
-1,394
339.25
-472,914.50
-2.1
SOTERA HEALTH CO [SHC]
EQUITY
83601L102
-29,888
15.83
-473,127.04
-2.1
SENTINELONE INC -CLASS A [S]
EQUITY
81730H109
-19,226
26.09
-501,606.34
-2.3
PERMIAN RESOURCES CORP [PR]
EQUITY
71424F105
-37,754
13.61
-513,831.94
-2.3
DOUBLEVERIFY HOLDINGS INC [DV]
EQUITY
25862V105
-29,507
17.46
-515,192.22
-2.3
NORWEGIAN CRUISE LINE HOLDIN [NCLH]
EQUITY
G66721104
-24,492
23.80
-582,909.60
-2.6
Total
--
--
--
--
--
13,693
61.5
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
38.5
Total Net Assets
--
--
--
--
--
--
100%

Investment Team


Sub-advisor logo

Disciplined Alpha LLC (“Disciplined Alpha”) is a Registered Investment Advisor based in Boston, Massachusetts and founded in 2013. Disciplined Alpha employs a structured quantitative approach. Key components include the use of a proprietary macroeconomic regime model to determine gross and net exposure, as well as weights for value, neutral, or momentum factors. Disciplined Alpha also prioritizes industry groups perceived to offer substantial alpha opportunities. Within these groups, the long model incorporates proprietary stock selection factors derived from discussions with company management and third-party fundamental analysts. Additionally, a distinct short model is applied to manage the short side of the Fund's portfolio.

Documents

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.

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. Short selling securities could potentially have unlimited loss due to the price of securities sold short increasing beyond the cost of replacement and the limitless increase on the value of a security. 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.

The Harbor Long-Short Equity ETF (the “Fund”) acquired the assets and assumed the then existing known liabilities of the Disciplined Alpha Onshore Fund LP (the “Predecessor Fund”), a Delaware limited partnership, on 12/4/23, and the Fund is the performance successor of the reorganization. This means that the Predecessor Fund’s performance and financial history will be used by the Fund going forward from the date of reorganization. Performance information prior to 12/4/23 reflects all fees and expenses, including a performance fee, incurred by the Predecessor Fund. Disciplined Alpha LLC (“Disciplined Alpha”) served as the general partner and investment manager to the Predecessor Fund, which commenced operations on 1/1/15 and, since that time, implemented its investment strategy indirectly through its investment in a master fund, which had the same general partner, investment manager, investment policies, objectives, guidelines and restrictions as the Predecessor Fund. Regardless of whether the Predecessor Fund operated as a stand-alone fund or invested indirectly through a master fund, Disciplined Alpha managed the Predecessor Fund assets using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. However, the Predecessor Fund was not a registered fund and so it was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund’s performance may have been lower.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

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.

Diversification does not assure a profit or protect against loss in a declining market.

3533756 

Blue Background

Connect with us | LinkedIn Logo IconLinktree icon to podcast media links

Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
FINRA Brokercheck logo in white color

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.