Copy of Harbor Commodity All-Weather Strategy ETF (HGER)
Access a specialized and dynamic commodities strategy specifically designed to be a powerful tool for hedging inflation across different market environments
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Overview
Investment Team
As of 9/25/2023
As of 9/25/2023
Investment Objective:
The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Commodity Index.
A Strategy Specifically Designed for Hedging Inflation
Quantix Commodities LP
Performance
Fund Name
3 Mo.
YTD Return
1 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Commodity All-Weather Strategy ETF
-3.89%
-3.23%
-4.13%
4.98%
0.68%
0.68%
Fund Market Price
-3.84%
-3.36%
-4.39%
5.09%
--
--
Quantix Commodity Total Return Index
-3.48%
-2.41%
-2.37%
6.76%
--
--
Bloomberg Commodity Index Total Return(SM)
-2.56%
-7.79%
-9.61%
-2.37%
--
--
Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.
The Quantix Commodity Total Return Index is calculated on a total return basis, which combines the returns of the futures contracts with the returns on cash collateral invested in 13-week U.S. Treasury Bills. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Quantix Commodity Index was developed by Quantix Commodities LP and is owned by Quantix Commodities Indices LLC.
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
12/21/2022
12/22/2022
12/27/2022
0.13994
--
--
0.13994
Holdings
Full Holdings
As of 9/22/2023
Company Name
Category Name
Cusip
Shares
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
2136991 TRS USD R E MQCP332E TRS ON QII INDEX
SWAP
99S1ZKCI6
527,674.64
--
0.0
91,681
52.0
TREASURY BILL
FIXED INCOME
912797FJ1
39,125,000
11/9/2023
0.0
38,867
22.0
TREASURY BILL
FIXED INCOME
912797FV4
26,723,000
12/21/2023
0.0
26,379
15.0
TREASURY BILL
FIXED INCOME
912796Z28
10,101,500
2/22/2024
0.0
9,879
5.6
TREASURY BILL
FIXED INCOME
912797GV3
8,109,000
10/3/2023
0.0
8,099
4.6
2202301 TRS USD R E MQCP332E TRS ON QII INDEX
SWAP
99S1ZWOX4
3,344.9
--
0.0
581
0.3
2165211 TRS USD R E MQCP332E TRS ON QII INDEX
SWAP
99S1ZNEO5
3,342.09
--
0.0
581
0.3
2165211 TRS USD P F MQCP332E TRS ON QII INDEX
SWAP
99S1ZNEP2
-576,609.45
--
0.1
-577
-0.3
2202301 TRS USD P F MQCP332E TRS ON QII INDEX
SWAP
99S1ZWOY2
-591,076.27
--
0.1
-591
-0.3
2136991 TRS USD P F MQCP332E TRS ON QII INDEX
SWAP
99S1ZKCJ4
-90,129,730.72
--
0.1
-90,130
-51.1
Total
--
--
--
--
--
84,770
48.1
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
51.9
Total Net Assets
--
--
--
--
--
--
100%
Investment Team
Quantix Commodities LP (“Quantix”) is a commodities focused fund manager specializing in the development and management of commodities-based investment strategies. The firm is a market leader in delivering comprehensive commodity investment solutions to the marketplace.
Quantix is led by CIO Don Casturo, former Global Commodities COO and Head of EMEA Commodity Trading at Goldman Sachs, along with two founding partners. The team is highly experienced, with industry-leading pedigree and a long track record of working together.
The firm delivers strategies targeting different investment objectives for clients; after launching the all-weather, absolute return strategy in 2019, Quantix launched an inflation-focused, long only strategy in early 2021, which is part of the Investor Solutions Group at Quantix.
Documents
Name
Date
Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.
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.
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. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.
Commodity Risk: The Fund has exposure to commodities through its and/or the Subsidiary’s investments in commodity-linked derivative instruments. Authorized Participant Concentration/Trading Risk: Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. Commodity-Linked Derivatives Risk: The Fund’s investments in commodity-linked derivative instruments (either directly or through the Subsidiary) and the tracking of an Index comprised of commodity futures may subject the Fund to significantly greater volatility than investments in traditional securities.
Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.
Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.
30-Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).
Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.
Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.
Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.
% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.
Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.