HAPS: HARBOR HUMAN CAPITAL FACTOR US SMALL CAP ETF
Understanding the HARBOR HUMAN CAPITAL FACTOR US SMALL CAP ETF (HAPS)
The HARBOR HUMAN CAPITAL FACTOR US SMALL CAP ETF, trading under the ticker HAPS, is an exchange-traded fund designed to invest in small-cap companies within the United States.
What this ETF is trying to do
HAPS focuses on small-cap stocks. Based on its top holdings, the fund includes companies from various sectors such as biotechnology (like Twist Bioscience Corp) and technology (like JFrog Ltd). The fund holds a total of 192 different holdings, though the list provided below shows only the largest ones.
Top Holdings:
• Twist Bioscience Corp (2.97%)
• Avnet Inc (2.23%)
• Invesco S&P Smallcap Health Care ETF (2.06%)
• Organon & Co Ordinary Shares (2.03%)
• PECO (1.97%)
• Magnolia Oil & Gas Corp Class A (1.94%)
• Kymera Therapeutics Inc Ordinary Shares (1.93%)
• Sensient Technologies Corp (1.83%)
• Apple Hospitality REIT Inc (1.74%)
• JFrog Ltd Ordinary Shares (1.36%)
*Note: Holdings can change over time.*
What the numbers show
The performance of HAPS can be looked at in two ways: price return (how the share price moves) and total return (which includes distributions).
• Year-to-Date (YTD): The price return is approximately 16.83%. The total return is also approximately 16.83%.
• One-Year: The price return was approximately 17.42%, while the total return was higher at approximately 18.08%.
• Three-Year: The price return was approximately 54.54%, and the total return was approximately 57.18%.
An estimated price from roughly one year ago was $31.24, compared to the current price of $36.68.
Income and distribution explanation
HAPS has a distribution yield of approximately 0.49%. The fund's distributions are described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. While the fund has an income rating grade of "A," it is important to remember that a distribution yield represents cash paid out and is not the same as the total return of the investment.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Price Growth: The fund has shown significant positive price returns over the one-year and three-year periods.
• Low Erosion Risk: The data indicates no detected price erosion.
Cons
• Irregular Income: Distributions are not frequent or regular, which may be a factor for those seeking steady cash flow.
• Small-Cap Focus: Small-cap stocks can sometimes be more volatile than larger companies.
Beginner takeaway
HAPS has shown strong price and total returns over the last three years. While it provides some income, the distributions are infrequent. Investors should distinguish between the share-price growth and the cash distributions received.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TWIST BIOSCIENCE CORP | TWST | 2.97% |
| 2 | AVNET INC | AVT | 2.23% |
| 3 | INVESCO S&P SMALLCAP HEALTH CARE ETF | PSCH | 2.06% |
| 4 | ORGANON & CO ORDINARY SHARES | OGN | 2.03% |
| 5 | n/a | PECO | 1.97% |
| 6 | MAGNOLIA OIL & GAS CORP CLASS A | MGY | 1.94% |
| 7 | KYMERA THERAPEUTICS INC ORDINARY SHARES | KYMR | 1.93% |
| 8 | SENSIENT TECHNOLOGIES CORP | SXT | 1.83% |
| 9 | APPLE HOSPITALITY REIT INC | APLE | 1.74% |
| 10 | JFROG LTD ORDINARY SHARES | FROG | 1.36% |