Celebrating Three Years of Innovative ETF Management at Harbor

Author: Addison Perry Updated: 09-18-2024 02:13 PM

Harbor Capital Advisors Recognizes a Milestone

In an exciting development for the investment community, Harbor Capital Advisors, Inc. has proudly celebrated the three-year anniversary of its inaugural exchange-traded funds (ETFs). Since launching two prominent ETFs, namely the Harbor Scientific Alpha High-Yield ETF (Ticker: SIHY) and the Harbor Scientific Alpha Income ETF (Ticker: SIFI), the firm has firmly established itself in the asset management sector.

Reflections on the Journey

Kristof Gleich, the President and Chief Investment Officer at Harbor Capital Advisors, shared his enthusiasm regarding this milestone: "We believe great things happen in ‘3s.’” According to Gleich, the firm’s focus on quality in fixed income investing is reflected in their strategic selection of investments that emphasize performance, yield, and risk evaluation. He expressed great satisfaction with BlueCove’s continued contributions to their impressive track record.

Investment Philosophy

Harbor Capital believes in the power of active investment management. Gleich emphasized the firm’s commitment to sourcing investment managers who not only seek to perform well but also have the ambition to excel within the competitive U.S. market. Their collaboration with BlueCove brings added expertise in credit assessment, which is critical for navigating today’s market complexities.

Performance Highlights

As of June 30, 2024, Harbor's ETFs have shown strong performance metrics. The data indicates:

Harbor Scientific Alpha High-Yield ETF at NAV has recorded an impressive 1.53% over three months, and 11.94% for one year.
Harbor Scientific Alpha Income ETF at NAV has achieved 8.64% over one year, indicating substantial growth potential.

In addition, other comparative metrics include performance against the ICE BofA US High Yield Index, which showcases the competitive landscape of Harbor's offerings.

Expense Ratios

The Harbor Scientific Alpha High-Yield ETF has a Gross Expense Ratio of 0.48%, while the Harbor Scientific Alpha Income ETF’s Gross Expense Ratio stands at 0.50%. These figures underscore Harbor's dedication to maintaining investor-favorable terms amid market fluctuations.

Continued Growth and Innovation

Harbor also proudly manages the Harbor Convertible Securities Fund (Ticker: HACSX) under the guidance of BlueCove Limited. This fund reflects Harbor's commitment to introducing investors to diverse and innovative investment strategies that meet evolving market challenges.

About Harbor Capital Advisors

With assets under management totaling $60.0 billion as of June 30, 2024, Harbor Capital Advisors distinguishes itself by curating specialized investment strategies. They leverage the expertise of boutique managers worldwide, aiming to provide advisors with unique options to enhance client portfolios. This dedication to innovative investing has cemented Harbor's reputation in the industry.

About BlueCove Limited

Founded in 2018, BlueCove Limited has made significant strides in the investment landscape. It employs a scientific methodology to fixed income management, offering clients a robust alternative to traditional investment strategies. This commitment to research and development aligns with Harbor's mission of delivering top-notch investment solutions.

Importance of Investment Awareness

Investors are encouraged to consider various factors such as risk, objectives, and fees before engaging in any fund. Understanding past performance is crucial, though it does not guarantee future results. The fluctuation in investment returns reiterates the importance of informed decision-making.

Frequently Asked Questions

What anniversary is Harbor Capital Advisors celebrating?

Harbor Capital Advisors is celebrating the three-year anniversary of the launch of its first ETFs.

What are the names of Harbor's initial ETFs?

The initial ETFs launched by Harbor Capital Advisors are the Harbor Scientific Alpha High-Yield ETF (SIHY) and the Harbor Scientific Alpha Income ETF (SIFI).

Who is the President at Harbor Capital Advisors?

Kristof Gleich serves as the President and Chief Investment Officer at Harbor Capital Advisors.

What is the Gross Expense Ratio for the ETFs?

The Harbor Scientific Alpha High-Yield ETF has a Gross Expense Ratio of 0.48%, while the Harbor Scientific Alpha Income ETF has a Gross Expense Ratio of 0.50%.

What fund does Harbor manage with BlueCove Limited?

Harbor manages the Harbor Convertible Securities Fund (Ticker: HACSX) in partnership with BlueCove Limited.

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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.