CHICAGO--(BUSINESS WIRE)--Harbor Capital Advisors, Inc. ("Harbor"), an asset manager that curates a suite of actively-managed ETFs, mutual funds, and collective investment trusts, has added the Harbor Active Small Cap ETF (Ticker: SMLL) to its growing lineup of ETF offerings.
SMLL is an actively managed ETF that invests in a blend of growth and value small cap companies. It seeks to offer what we believe is a cost-effective, transparent, and tax-efficient way for advisors to access the small cap blend space with an active strategy positioned to capitalize on the asset class’s inherent inefficiencies and wide dispersion of returns.
SMLL provides exclusive access to Portfolio Manager Glenn Gawronski's approach, which is based on disciplined, common-sense investing with an eye toward mitigating portfolio risk. Gawronski, who recently left JP Morgan to start his own firm, Byron Place, has more than two decades of experience and a compelling track record of managing a $4.60 billion+ U.S. equity franchise.
Why SMLL?
“Small caps are top of mind for Harbor as we believe they have the potential to offer attractive returns over the coming cycle,” said Kristof Gleich, President & CIO at Harbor Capital Advisors. “Glenn sits squarely in the bullseye of what we’re trying to achieve at Harbor. He is a proven, committed, skilled active manager who has decided to break away and create his own boutique, honing decades of experience and knowledge he has accumulated at a larger firm. An active approach and commitment to finding companies he believes have a sustainable competitive advantage can serve as a compelling allocation for advisors who seek to capture some of the potential returns available to small cap investors.”
Harbor’s Active Small Cap ETF (SMLL) invests only in businesses with sustainable competitive advantages run by competent management teams that are good stewards of capital with a track record of success. Candidates for inclusion in SMLL must also trade at a discount to their intrinsic value.
Byron Place specializes in equity investing with a narrowed focus on providing superior risk-adjusted returns over a market cycle with an emphasis on mitigating risk.
Harbor’s Active Small Cap ETF gives access to a tenured investment manager and process with total expense ratio of 80 basis points.
About Harbor Capital
Harbor Capital Advisors is an asset manager with an AUM of $60.0 billion as of June 30, 2024, and is known for prudently curating a suite of active ETFs, mutual funds, and collective investment trusts from boutique managers. Advisors looking for distinct and differentiated investment options for their clients’ portfolios often connect with our obsession to find what we believe are the best and most bold solutions that have the potential to produce compelling risk-adjusted returns. For more information, visit www.harborcapital.com.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a Harbor fund before investing. To obtain a summary prospectus or prospectus for this and other information, visit harborcapital.com or call 800-422-1050. Read it carefully before investing.
Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has limited operating history to judge.
SMLL: 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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. 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, and it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.
The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice or a recommendation to purchase a particular security.
A basis point is one hundredth of 1 percentage point.
Byron Place is the subadvisor to the Harbor Active Small Cap ETF.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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