Summary

• During Q1, the Harbor AlphaEdge Small Cap Earners ETF returned 4.56% (NAV), underperforming the Harbor AlphaEdge Small Cap Earners Index, which returned 4.67%, and outperforming its benchmark, the Russell 2000 Index, which returned 0.89%.
• The ETF outperformed the benchmark due to an overweight position and positive stock selection in the Energy sector.
• The ETF's below-benchmark positions and stock picks in the Information Technology and Health Care sectors also proved beneficial.

Subadvisor (since 07/09/2024):

Harbor Capital Advisors, Inc

Portfolio Manager(s):

Steve Cook

Jim Erceg

Elizabeth Despain

Benchmark 1 Name: Harbor AlphaEdge Small Cap Earners Index

Benchmark 2 Name: Russell 2000 ^® Index

Investment Philosophy:

The Harbor