HAPS
Harbor Human Capital Factor US Small Cap ETF
The Harbor Human Capital Factor US Small Cap ETF seeks to provide investors with long-term capital appreciation by investing primarily in a diversified portfolio of small-cap U.S. companies that exhibit strong human capital factors.
US
EQUITY
Passive
MANAGEMENT STYLE
133.7 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Harbor |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 12, 2023 |
| Assets (mns) | $134 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CABOT CORP | 2.2 % |
| ARMSTRONG WORLD INDUSTRIES | 2.1 % |
| PHILLIPS EDISON & COMPANY, INC. | 2.0 % |
| ARCELLX, INC. | 2.0 % |
| MOOG INC-CLASS A | 1.8 % |
| APPLE HOSPITALITY REIT INC | 1.7 % |
| AVNET INC | 1.7 % |
| NUVALENT, INC. CLASS A | 1.6 % |
| RHYTHM PHARMACEUTICALS, INC. | 1.6 % |
| PTC THERAPEUTICS INC | 1.5 % |
Constituent Breakdown
| Number of holdings | 185 |
| Herfindahl-Hirschman Index | 96 |
| Wgt avg mkt cap (mns) | $3,654 |
| Large cap (>$10bn) | 1.4% |
| Mid cap ($2-10bn) | 77.3% |
| Small cap (<$2bn) | 21.4% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.9% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
PANAMA | 1.0 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.4% | -- | -- | -- | -- | -- | 18.4% | Volatility | 19.8% | 21.1% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $4,132 |
Technical Indicators
| Recent close | $29.39 |
| 30d moving avg. | $31.46 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HAPS |
Expenses vs. HAPS |
ALTAR Score™ vs. HAPS |
|---|---|---|---|---|
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 14.9% | -51 bp | +1.0% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 14.4% | -21 bp | +4.9% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 14.3% | -25 bp | +4.0% |
| CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 14.3% | -18 bp | +3.9% |
| VTWG | Vanguard Russell 2000 Growth ETF | 14.3% | -45 bp | -1.9% |
| TPSC | Timothy Plan US Small Cap Core ETF | 14.1% | -8 bp | +4.4% |
| IWO | iShares Russell 2000 Growth ETF | 14.1% | -36 bp | -1.9% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 13.6% | -42 bp | +3.5% |
| BKSE | BNY Mellon US Small Cap Core Equity ETF | 13.2% | -56 bp | +2.5% |
| AVSC | Avantis U.S Small Cap Equity ETF | 13.2% | -35 bp | +2.4% |
Risk and Returns: HAPS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
HAPS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
HAPS
2.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. HAPS's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places HAPS in the 11st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HAPSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| HAPS (60 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HAPS | 60.0 | 0.0 | 60 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .