LSEQ: HARBOR LONG-SHORT EQUITY ETF
HARBOR LONG-SHORT EQUITY ETF (LSEQ) Report
What this ETF is trying to do
The HARBOR LONG-SHORT EQUITY ETF (LSEQ) is an exchange-traded fund listed on the NYSE. While the specific investment strategy details are not provided, the fund holds a variety of assets, including a large position in the US Dollar.
What the numbers show
The current price of LSEQ is $33.31. Looking at the past year, the fund has seen growth in its share price.
• Price Return: This measures only the change in the share price. The one-year price return was approximately 20.41%. The year-to-date (YTD) price return was approximately 20.78%.
• Total Return: This measures the overall return, including distributions. The one-year total return was approximately 23.03%. The YTD total return was approximately 20.78%.
For context, the estimated price from roughly one year ago was $27.67.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• US Dollar: 46.15%
• Hecla Mining Co: 3.17%
• Permian Resources Corp Class A: 2.75%
• Newmont Corp: 2.58%
• Freeport-McMoRan Inc: 2.50%
Income and distribution explanation
LSEQ provides a distribution yield of approximately 1.82%. The trailing distributions were $0.61. It is important to note that the distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because distributions are not regular, investors should be aware that income may not arrive on a predictable schedule.
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." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• The fund has shown positive price returns both year-to-date and over the last year.
• The erosion-risk measurements suggest there has been no significant price deterioration.
Cons
• The distribution frequency is irregular, meaning it does not pay out cash on a consistent schedule.
• The income rating grade is a "C."
Beginner takeaway
LSEQ has recently experienced growth in its share price and total return. While it pays a distribution, the payments are irregular rather than frequent. Investors should distinguish between the price return (the share price movement) and the total return (which includes distributions). Currently, the data shows no signs of significant price erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | US DOLLAR | n/a | 46.15% |
| 2 | HECLA MINING CO | HL | 3.17% |
| 3 | PERMIAN RESOURCES CORP CLASS A | PR | 2.75% |
| 4 | NEWMONT CORP | NEM | 2.58% |
| 5 | FREEPORT-MCMORAN INC | FCX | 2.50% |
| 6 | CCC INTELLIGENT SOLUTIONS HOLDINGS INC | CCC | 2.48% |
| 7 | n/a | TXG | 2.45% |
| 8 | FIRST MAJESTIC SILVER CORP | n/a | 2.40% |
| 9 | ANGLOGOLD ASHANTI PLC | AU | 2.36% |
| 10 | VALERO ENERGY CORP | VLO | 2.24% |