Harbor Capital Advisors Launches Small Cap Explorer ETF
27 Avril 2023 - 3:00PM
Business Wire
Harbor Capital Advisors, Inc. (“Harbor”), an asset manager that
curates an intentionally select suite of active ETFs from boutique
managers and internally manages multi-asset and multi-manager
strategies via the firm's Multi-Asset Solutions Team, today
launched the Harbor Small Cap Explorer ETF (ticker: QWST).
Managed by Harbor’s Multi-Asset Solutions Team, the Harbor
Small Cap Explorer ETF utilizes an actively managed
multi-strategy approach to achieve its investment objective of
providing long-term growth of capital. It invests primarily in
equity securities; principally common stocks of small cap companies
defined as those having a market capitalization in the range of the
Russell 2500® Index.
Through its rigorous manager due diligence, Harbor has selected
a network of specialized asset managers to contribute concentrated
allocations to the Small Cap Explorer portfolio. Harbor determines
the allocations to the underlying asset managers with the goal of
maximizing the portfolio’s diversification benefits and managing
risk.
This is now the thirteenth actively managed, fully transparent
ETF introduced by Harbor, who made its debut in the ETF market in
September 2021. This offering adds to Harbor’s growing lineup of
ETFs across investment themes and asset classes.
“Harbor is excited to expand its ETF offering with the launch of
another strategy whose purpose is built to unlock more
opportunities for today’s investors,” said Spenser Lerner,
Portfolio Manager and Head of Multi-Asset Solutions, Harbor.
“We believe our multi-strategy framework and process allows us
to access trends across markets, helps maximize the alpha potential
of concentrated and specialized managers, and seeks to mitigate
risk through our proprietary portfolio construction methodology,”
said Lerner.
About Harbor Capital
Harbor Capital Advisors is an asset manager known for curating
an intentionally select suite of active ETFs from boutique
managers. Advisors looking for distinct and differentiated
investment options for their clients’ portfolios often connect with
our passionate obsession to find what we believe to be the best and
bold solutions that have the potential to produce compelling,
risk-adjusted returns. For more information, visit
harborcapital.com.
Investors should carefully consider the investment
objectives, risks, charges, and expenses of a Harbor fund before
investing. To obtain a summary prospectus or prospectus for this
and other information, visit harborcapital.com or call
800-422-1050. Read it carefully before investing.
All investments involve risk including the possible loss of
principal.
Unlike mutual funds, ETFs may trade at a premium or discount to
their net asset value. The ETF is new and has limited operating
history to judge.
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. The Fund’s performance
may be more volatile because it may invest in issuers that are
smaller companies. Because the Fund is managed pursuant to model
portfolios provided by nondiscretionary Subadvisors that construct
the model portfolios but have no authority to effect trades for the
Fund’s portfolio, it is expected that the Advisor will effect
trades on a periodic basis as the Advisor receives the model
portfolios, and therefore less frequently than would typically be
the case if the Fund employed discretionary subadvisors that
effected trades for the Fund’s portfolio directly, which could
affect the performance of the Fund. The Subadvisors’ investment
styles and security recommendations may not always be
complementary, and the Subadvisors' judgment about the
attractiveness, value and growth potential of a particular security
may be incorrect, which could affect the performance of the Fund.
Since the Fund may hold foreign securities, it may be subject to
greater risks than funds invested only in the U.S. These risks are
more severe for securities of issuers in emerging market regions.
There can be no assurance that the Fund will grow to or maintain an
economically viable size, in which case the Board of Trustees may
determine to liquidate the Fund. REITs may decline in value as a
result of factors affecting the real estate sector including the
risk that REITs are unable to generate cash flow to make
distributions to unitholders and fail to qualify for favorable tax
treatment.
Diversification does not assure a profit or protect against loss
in a declining market.
ETFs are subject to capital gains tax and taxation of dividend
income. However, ETFs are structured in such a manner that taxes
are generally minimized for the holder of the ETF. An ETF manager
accommodates investment inflows and outflows by creating or
redeeming “creation units,” which are baskets of assets. As a
result, the investor usually is not exposed to capital gains on any
individual security in the underlying portfolio. However, capital
gains tax may be incurred by the investor after the ETF is
sold.
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.
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® Growth Index and Russell® are
trademarks of Frank Russell Company. This unmanaged index does not
reflect fees and expenses and is not available for direct
investment.
Alpha is a measure of risk (beta)-adjusted return.
Foreside Fund Services, LLC. is the Distributor of the Harbor
Small Cap Explorer ETF.
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MEDIA: Hedda Nadler – Hedda@mountandnadler.com Andrew
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