EPSB: HARBOR SMID CAP CORE ETF
ETF Education Report: HARBOR SMID CAP CORE ETF (EPSB)
What this ETF is trying to do
The HARBOR SMID CAP CORE ETF (ticker: EPSB) is an exchange-traded fund listed on the NYSE. While the specific investment goal isn't detailed in the data, it holds a variety of different companies. Based on its top holdings, it includes businesses like Moog Inc Class A, Woodward Inc, and Ryder System Inc. Please note that the list of holdings provided is only a partial list of the 59 total companies held in this fund.
What the numbers show
When looking at how an ETF performs, it is important to look at two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For EPSB, the year-to-date (YTD) price return is approximately 16.37%. The one-year price return is approximately 17.45%.
• Total Return: This includes the share price change plus any distributions (cash payments) made to investors. The YTD total return is approximately 16.37%. The one-year total return is higher than the price return at approximately 19.03%.
To visualize the price change, we can look at an estimated price from roughly one year ago, which was approximately $22.50. The current price is $26.42.
Income and distribution explanation
Some investors look for "yield," which is the cash an ETF pays out. The distribution yield for EPSB is approximately 1.17%. This represents the cash distributions relative to the ETF's price. It is important to remember that a distribution yield is not the same as total return. Also, this ETF has an irregular or less frequent payout schedule, with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. Some investors worry about this because they want to keep their original investment amount stable. For EPSB, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The ETF has shown positive price returns both year-to-date and over the last year.
• The one-year total return is higher than the one-year price return, meaning distributions added value to the overall return.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution frequency is irregular, meaning payments do not happen on a set, predictable schedule.
• The data for three-year returns was not supplied, so long-term performance cannot be reviewed here.
Beginner takeaway
When studying EPSB, notice the difference between price return and total return. The total return tells a fuller story because it includes the cash distributions. Additionally, while this ETF pays a distribution yield, always remember that high yields alone do not tell you how the share price is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FORMFACTOR INC | FORM | 3.25% |
| 2 | MOOG INC CLASS A | MOG-A | 3.15% |
| 3 | CHARLES RIVER LABORATORIES INTERNATIONAL INC | CRL | 2.91% |
| 4 | WOODWARD INC | WWD | 2.77% |
| 5 | REINSURANCE GROUP OF AMERICA INC | RGA | 2.68% |
| 6 | ARROW ELECTRONICS INC | ARW | 2.67% |
| 7 | RYDER SYSTEM INC | R | 2.65% |
| 8 | ARCHROCK INC | AROC | 2.55% |
| 9 | TELEDYNE TECHNOLOGIES INC | TDY | 2.50% |
| 10 | VALMONT INDUSTRIES INC | VMI | 2.26% |