Key stats
About Harbor ETF Trust Harbor Long-Short Equity ETF
Expense ratio
1.70%
Home page
Inception date
Dec 4, 2023
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 which focuses on sectors exhibiting the highest return dispersion. 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
Cash
Stocks57.87%
Technology Services13.05%
Retail Trade9.68%
Energy Minerals8.19%
Electronic Technology8.10%
Non-Energy Minerals6.85%
Health Technology3.80%
Commercial Services3.46%
Distribution Services3.30%
Process Industries2.56%
Industrial Services1.89%
Consumer Non-Durables1.55%
Health Services1.38%
Utilities1.24%
Communications−0.51%
Consumer Services−0.79%
Finance−0.90%
Transportation−4.98%
Bonds, Cash & Other42.13%
Cash42.13%