Key stats
About Harbor ETF Trust Harbor Long-Short Equity ETF
Home page
Inception date
Dec 4, 2023
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Harbor Capital Advisors, Inc.
Distributor
Foreside Fund Services LLC
LSEQ aims to optimize returns while managing risk amid evolving market conditions by balancing long and short positions in equity securities. The fund invests in US large- and mid-cap stocks, utilizing a multifactor model for long positions and a dedicated short model to identify potential underperformers. Central to its approach is a proprietary macroeconomic regime model, which classifies market environments into value, neutral, or momentum regimes. This model influences gross and net exposure levels, as well as factor weights such as value, quality, profitability, and momentum. Industry group selection is based on perceived alpha opportunities. To manage risk, the fund maintains long and short exposures to counteract downside tail risk, gauged by the Sortino ratio. Investments may include T-bills, derivatives, limited foreign exposure, and reverse repurchase agreements. On December 4, 2023, LSEQ converted from a mutual fund to an ETF starting with $3.63 million in net assets.
Classification
What's in the fund
Exposure type
Technology Services
Health Technology
Cash
Stocks114.93%
Technology Services17.32%
Health Technology10.37%
Retail Trade9.41%
Utilities5.44%
Consumer Services5.03%
Process Industries3.76%
Electronic Technology3.33%
Transportation3.10%
Industrial Services3.09%
Distribution Services2.40%
Non-Energy Minerals1.90%
Communications1.33%
Consumer Non-Durables1.00%
Health Services0.85%
Finance0.83%
Energy Minerals0.79%
Producer Manufacturing0.39%
Bonds, Cash & Other−14.93%
Cash48.47%
Miscellaneous−63.40%
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