ContactHarbor Active Small Cap ETF (SMLL)
An active ETF from an experienced manager in the small cap space
Harbor Active Small Cap ETF (SMLL)
An active ETF from an experienced manager in the small cap space
An active ETF approach to the small cap universe
- The Harbor Active Small Cap ETF (SMLL) provides small cap equity exposure with a narrowed focus on attractive risk-adjusted returns with downside mitigation.
- Managed by Byron Place Capital Management and led by portfolio manager Glenn Gawronski, SMLL offers a distinct opportunity to access the small cap blend space through an active ETF structure.
- Despite the sizeable small cap blend universe, the number of active ETFs in this space is limited, making SMLL an attractive option.
Overview
Investment Team
As of 10/9/2024
Investment Objective:
The Fund seeks long-term total return.
Performance
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 Russell 2000® Index measures the performance of the small-cap segment of the US equity universe. It is a subset of the Russell 3000® and includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Index and Russell® are trademarks of Frank Russell Company.
Price History
Distribution History
Sorry, there is no data available for this section
Holdings
Full Holdings
As of 10/9/2024
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
Sector Allocation
As of 9/30/2024
Active Small Cap ETF (SMLL)
Russell 2000® Index
Industrials
SMLL: 29.7%
Benchmark: 17.2%
Financials
SMLL: 21.6%
Benchmark: 18.1%
Real Estate
SMLL: 9.7%
Benchmark: 6.4%
Health Care
SMLL: 8.4%
Benchmark: 17.5%
Consumer Discretionary
SMLL: 7.1%
Benchmark: 10.1%
Materials
SMLL: 5.8%
Benchmark: 4.5%
Energy
SMLL: 4.9%
Benchmark: 5.3%
Consumer Staples
SMLL: 4.6%
Benchmark: 2.8%
Information Technology
SMLL: 4.1%
Benchmark: 12.8%
Utilities
SMLL: 3.3%
Benchmark: 2.8%
Communication Services
SMLL: 0.9%
Benchmark: 2.7%
Cash
SMLL: 0.2%
Benchmark: NaN%
SMLL: Active Small Cap ETF
Benchmark: Russell 2000® Index
Sector Returns
Sorry, there is no data available for this section
Investment Team
Byron Place is an investment management firm founded in 2015 by Glenn Gawronski, a former portfolio manager at JP Morgan who has a proven track record of managing a $4 billion+ U.S. equity franchise and delivering top percentile returns. Byron Place specializes in equity investing with a focus on quality businesses with competitive advantages, competent management, and attractive valuations. Their mission is to provide superior risk-adjusted returns to clients with an emphasis on downside protection.
Documents
Important Information
Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, and it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.
Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.
Premium/Discount ($): 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.
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