ContactHarbor Scientific Alpha High-Yield ETF (SIHY)
An actively managed high-yield bond strategy with a systematic approach.
Harbor Scientific Alpha High-Yield ETF (SIHY)
An actively managed high-yield bond strategy with a systematic approach.
The Harbor Scientific Alpha High-Yield ETF (SIHY) is an actively managed fixed income strategy that seeks total return through employing a structured investment process that utilizes a proprietary model-based framework in the security selection of below investment-grade (high yield) bonds.
Fund Highlights
Scientifically Driven. Powered by an investment process that is evidence based, data-driven, economically intuitive, and grounded in the scientific method.
Alpha + Yield Focused. Actively managed to target outperformance versus the benchmark by applying proprietary quantitative investment insights in an effort to drive performance while aiming to deliver high yield income to investors
Risk Managed. Structured to target compelling risk-adjusted returns versus the benchmark in a liquid, diversified portfolio while seeking to maintain a similar risk profile of the benchmark.
Portfolio Optimized. Seeks to maximize alpha controlling risk and transaction costs.
Diversifying Potential. May offer benefits of a complementary return stream that provides low correlated alpha to traditionally managed active high yield strategies.
Resources
Access in-depth fund information and insights to help you capitalize on potential opportunities related to fixed income.
Related Products to Consider
Overview
Investment Team
As of 12/20/2024
As of 12/20/2024
Investment Objective:
The Fund seeks total return
Seeking an alternative approach to income?
Consider Harbor scientific fixed income ETFs
Performance
3 Mo.
YTD Return
1 Yr.
3 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 High Yield Index (H0A0) Index is an unmanaged index that tracks the performance of below investment grade U.S. Dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. This unmanaged index does not reflect fees and expenses and is not available for direct investment.
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 12/19/2024
Company Name
Category Name
Cusip
Shares
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
Sector Allocation
As of 12/20/2024
Scientific Alpha High-Yield ETF (SIHY)
ICE BofA US High Yield Index (H0A0)
Specialty Retail
SIHY: 6.7%
Benchmark: 3.7%
REITs
SIHY: 6.3%
Benchmark: 3.5%
Cons/Comm/Lease Financing
SIHY: 6.1%
Benchmark: 3.9%
Gas Distribution
SIHY: 6.0%
Benchmark: 4.7%
Oil Refining & Marketing
SIHY: 4.9%
Benchmark: 1.2%
Media Content
SIHY: 3.9%
Benchmark: 2.4%
Recreation & Travel
SIHY: 3.8%
Benchmark: 2.9%
Support-Services
SIHY: 3.5%
Benchmark: 5.7%
Software/Services
SIHY: 3.4%
Benchmark: 3.2%
Hotels
SIHY: 3.0%
Benchmark: 1.1%
Metals/Mining Excluding Steel
SIHY: 2.8%
Benchmark: 1.7%
Aerospace/Defense
SIHY: 2.8%
Benchmark: 2.3%
Food - Wholesale
SIHY: 2.5%
Benchmark: 2.3%
Banking
SIHY: 2.5%
Benchmark: 0.8%
Health Services
SIHY: 2.2%
Benchmark: 1.9%
Cable & Satellite TV
SIHY: 2.1%
Benchmark: 4.3%
Tech Hardware & Equipment
SIHY: 2.0%
Benchmark: 1.2%
Electric-Generation
SIHY: 1.9%
Benchmark: 2.2%
Pharmaceuticals
SIHY: 1.9%
Benchmark: 1.8%
Investments & Misc Financial Services
SIHY: 1.7%
Benchmark: 2.2%
RealEstate Dev & Mgt
SIHY: 1.7%
Benchmark: 0.7%
Energy - Exploration & Production
SIHY: 1.6%
Benchmark: 3.5%
Machinery
SIHY: 1.5%
Benchmark: 1.5%
Telecom - Satellite
SIHY: 1.5%
Benchmark: 1.2%
Non-Electric Utilities
SIHY: 1.5%
Benchmark: 0.3%
Gaming
SIHY: 1.4%
Benchmark: 2.6%
Electric-Integrated
SIHY: 1.3%
Benchmark: 0.8%
Oil Field Equipment & Services
SIHY: 1.3%
Benchmark: 1.8%
Building Materials
SIHY: 1.2%
Benchmark: 1.8%
Theaters & Entertainment
SIHY: 1.2%
Benchmark: 0.5%
Medical Products
SIHY: 1.2%
Benchmark: 1.3%
Auto Parts & Equipment
SIHY: 1.2%
Benchmark: 2.0%
Health Facilities
SIHY: 1.0%
Benchmark: 2.7%
Restaurants
SIHY: 1.0%
Benchmark: 1.1%
Telecom - Wireline Integrated & Services
SIHY: 1.0%
Benchmark: 4.4%
Printing & Publishing
SIHY: 1.0%
Benchmark: 0.6%
Automakers
SIHY: 0.9%
Benchmark: 0.3%
Personal & Household Products
SIHY: 0.9%
Benchmark: 1.3%
Food & Drug Retailers
SIHY: 0.9%
Benchmark: 1.0%
Air Transportation
SIHY: 0.8%
Benchmark: 1.3%
Chemicals
SIHY: 0.8%
Benchmark: 2.6%
Managed Care
SIHY: 0.8%
Benchmark: 0.3%
Diversified Capital Goods
SIHY: 0.7%
Benchmark: 0.4%
Steel Producers/Products
SIHY: 0.6%
Benchmark: 0.9%
Building & Construction
SIHY: 0.6%
Benchmark: 1.6%
Environmental
SIHY: 0.3%
Benchmark: 0.6%
Beverage
SIHY: 0.3%
Benchmark: 0.1%
Tobacco
SIHY: 0.2%
Benchmark: 0.1%
Advertising
SIHY: NaN%
Benchmark: 1.0%
Auto Loans
SIHY: NaN%
Benchmark: 0.0%
Brokerage
SIHY: NaN%
Benchmark: 0.4%
Department Stores
SIHY: NaN%
Benchmark: 0.4%
Derivatives
SIHY: NaN%
Benchmark: NaN%
Electric-Distr/Trans
SIHY: NaN%
Benchmark: 0.0%
Electronics
SIHY: NaN%
Benchmark: 0.8%
Forestry/Paper
SIHY: NaN%
Benchmark: 0.2%
Insurance Brokerage
SIHY: NaN%
Benchmark: 2.3%
Life Insurance
SIHY: NaN%
Benchmark: 0.2%
Media - Diversified
SIHY: NaN%
Benchmark: 0.2%
Multi-Line Insurance
SIHY: NaN%
Benchmark: 0.0%
Packaging
SIHY: NaN%
Benchmark: 2.5%
P&C
SIHY: NaN%
Benchmark: 0.1%
Rail
SIHY: NaN%
Benchmark: 0.2%
Reinsurance
SIHY: NaN%
Benchmark: 0.0%
Telecom - Wireless
SIHY: NaN%
Benchmark: 0.7%
Transport Infrastructure/Services
SIHY: NaN%
Benchmark: 0.3%
Trucking & Delivery
SIHY: NaN%
Benchmark: 0.1%
SIHY: Scientific Alpha High-Yield ETF
Benchmark: ICE BofA US High Yield Index (H0A0)
Maturity Profile
As of 12/20/2024
Maturity
Scientific Alpha High-Yield ETF %
ICE BofA US High Yield Index (H0A0) %
Duration
As of 12/20/2024
Duration
Scientific Alpha High-Yield ETF %
ICE BofA US High Yield Index (H0A0) %
Investment Team
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BlueCove Limited (“BlueCove”) is a scientific asset management firm founded in 2018 that brings together leading fixed income industry investment and engineering professionals. BlueCove was founded with the specific purpose of delivering strong investment outcomes for investors by researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.
Documents
Name
Date
File
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.
All investments involve risk including the possible loss of principal. Fixed income securities fluctuate in price in response to various factors, including changes in interest rates, changes in market conditions and issuer-specific events, and the value of your investment in the Fund may go down. There is a greater risk that the Fund will lose money because they invest in below- investment grade fixed income securities and unrated securities of similar credit quality (commonly referred to as “high-yield securities” or “junk bonds”). These securities are considered speculative because they have a higher risk of issuer default, are subject to greater price volatility and may be illiquid. Because the Fund may invest in securities of foreign issuers, an investment in the Fund is subject to special risks in addition to those of U.S. securities. These risks include heightened political and economic risks, greater volatility, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, possible sanctions by government bodies of other countries and less stringent investor protection and disclosure standards of foreign markets.
Diversification does not assure a profit or protect against loss in a declining market.
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).
Alpha refers to excess returns earned on an investment.
Wtd. Avg. Market Coupon (%): the weighted average coupon rate of the underlying bonds in the Fund.
Wtd. Avg. Maturity (yrs): the weighted average length of time to the repayment of principal for the securities in the Fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Wtd. Avg. Duration (yrs): the weight average duration of the underlying bonds or derivative market exposures in the Fund. Duration is a time measure of a bond's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates
For former Harbor High-Yield Bond Fund shareholders:
American Stock Transfer & Trust Company, LLC (AST) is Cypress Trust Company transfer agent and dividend disbursing agent. AST's automated telephone support services are available 24 hours per day, seven days per week.
AST may be contacted as follows:
- Mailing Address
AST
Attention: Harbor Capital MF
6201 15th Avenue
Brooklyn, NY 11219 - Telephone
An AST shareholder services representative can be reached at (800) 937-5449 between the hours of 8 a.m. and 8 p.m. Eastern Time, Monday through Friday. An Interactive Voice Response System is available 24 hours a day, seven days a week. - Website
Shareholders can access information on AST's website at https://www.astfinancial.com/login
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