ContactHarbor Multi-Asset Explorer ETF (MAPP)
Looking for a systematic and discretionary approach that seeks to grow capital while reducing volatility? Look no further.
Harbor Multi-Asset Explorer ETF (MAPP)
Looking for a systematic and discretionary approach that seeks to grow capital while reducing volatility? Look no further.
RoadMAPP to Investing Success
We believe that different stages of the business cycle can likely present their share of opportunities and pitfalls when it comes to portfolio management. It is our view that MAPP offers a distinct opportunity to actively participate in each stage of the cycle.
- Managed in-house by Harbor’s Multi-Asset Solutions Team, MAPP is the yearslong culmination of several initiatives that utilizes a proprietary growth (real economic activity), liquidity (money and credit cycle), and inflation (trend growth in prices) framework that defines the current Business Cycle Regime.
- Each Regime will translate to a distinct asset allocation amongst Funds that are aligned to equities, fixed income, commodities, and currencies.
- A layer of bottom-up, fundamental research is added— potentially offering more flexibility and consideration of intangibles than traditional systematic models.
- We see MAPP applicable as a core allocation. No matter the economic conditions, there is constant optimization of underlying investments happening behind the scenes.
Overview
Investment Team
As of 11/20/2024
Investment Objective:
The Fund seeks to provide long-term total return while limiting downside risk.
Performance
3 Mo.
YTD Return
1 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
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.
The ICE BofA US 3-Month Treasury Bill Index is comprised of a single U.S. Treasury Bill issue purchased at the beginning of each month and held for a full month, at which time that issue is sold and rolled into a newly selected issue. The issue selected each month is that having a maturity date closest to, but not beyond 90 days from the rebalance date. Index listed is unmanaged and does not reflect fees and expenses and are not available for direct investment.
Price History
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
Holdings
Full Holdings
As of 11/19/2024
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
Sector Allocation
As of 10/31/2024
Multi-Asset Explorer ETF (MAPP)
ICE BofA 0-3 Month US Treasury Bill Total Return Index
Communication Services
MAPP: 52.8%
Benchmark: NaN%
Financials
MAPP: 45.2%
Benchmark: NaN%
Energy
MAPP: 1.6%
Benchmark: NaN%
Cash
MAPP: 0.4%
Benchmark: NaN%
MAPP: Multi-Asset Explorer ETF
Benchmark: ICE BofA 0-3 Month US Treasury Bill Total Return Index
Investment Team
Harbor Capital Advisors Inc., the Fund’s investment adviser (the “Advisor”), allocates the Fund’s assets among various asset classes and market sectors based on its assessment of global economic and market conditions, primarily through investments in a diversified portfolio of exchange-traded funds, including other funds managed by the Advisor.
Documents
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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.
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. The Fund is a fund of funds and is subject to the expenses and risks of the underlying funds, including but not limited to risks associated with: commodities; derivatives; fixed income securities, including “high-yield” or “junk” bonds; foreign issuers/foreign markets, U.S. government securities; mortgage- and asset-backed securities; REITs; and small companies. The Fund’s investment performance depends upon the successful allocation by the Advisor of the Fund’s assets among asset classes, geographical regions, sectors and specific investments. The Advisor’s judgment about the attractiveness, value and growth potential of a particular asset class, region, sector or investment may be incorrect and the Advisor’s selection of the underlying funds to implement its asset allocation decisions may not produce the desired results. 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 views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.
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.
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).
Diversification does not assure a profit or protect against loss in a declining market.
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