Harbor Capital | ETF | Harbor Energy Transition Strategy ETF (RENW) (2024)

The world is undergoing a dramatic energy regime shift that has only been accelerated by recent events.

The transition to cleaner sources of energy may be the most significant macro theme in the financial markets for the next several decades.

The Harbor Energy Transition Strategy ETF is built to provide the opportunity to invest in this transition with the commodities needed to facilitate change as the world marches towards a net zero carbon emissions goal.

Harbor Capital | ETF | Harbor Energy Transition Strategy ETF (RENW) (3)

A Transition Unlike Anything We’ve Experienced

Kristof Gleich, President & CIO, shares what investors should understand about the opportunities within the world’s shift to clean energy.

What Investors Should Know about "Green" Metals

Listen to Kristof Gleich, President, CIO, talk about how the role that commodities will play in the shift to clean energy to help facilitate the technologies that will be developed in the future.

Clean Energy’s Impact on Commodities

As the world undergoes a transition, Spencer Logan, Investment Specialist Director, highlights how moving from fossil fuels to less carbon-intensive sources of energy may lead to a whole new societal infrastructure.

Overview

Investment Team

Learn More

Overview

As of 3/8/2024

$11.71

Price (NAV)

-$0.03

NAV Daily Change ($)

-0.26%

NAV Daily Change (%)

-8.66%

NAV YTD Return

$11.71

Market Price

-$0.04

Market Daily Change ($)

-0.34%

Market Daily Change (%)

-8.44%

Market YTD Return

2.92%

Current 30-Day Sub. SEC Yield

2.92%

Current 30-Day Unsub. SEC Yield

2.96%

Effective 30-Day Sub. SEC Yield

2.96%

Effective 30-Day Unsub. SEC Yield

Fund Facts

As of 3/8/2024

7/13/2022

Inception Date

0.80

Expense Ratio (%)

$19.906

Total Net Assets (million)

1,700,000

Shares Outstanding

(As of 3/11/2024)

RENW

Ticker

41151J802

Cusip

NYSE

Exchange

US41151J8027

ISIN

Foreside Fund Services, LLC

Distributor

Annually

Dividend Frequency

Commodities Broad Basket

Morningstar Category

Quantix Energy Transition Index

Benchmark

Investment Objective:

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Energy Transition Index

Pricing/Trading

As of 3/8/2024

$11.72

Bid/Ask Mid Price

$11.71

Closing Market Price

$0.01

Premium/Discount ($)

0.05%

Premium/Discount (%)

	2023	Q1 2024	YTD
Days Traded at a Premium	146	25	25
Days Traded at a Discount	104	21	21

0.51%

30-Day Median Bid/Ask Spread

303

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

“We believe the transition to cleaner sources of energy is probably the largest societal shift since the phasing out of whale oil as a primary source of energy in the late 19th century. Our strategy gives clients the opportunity to invest in commodities needed to help facilitate this generational transformation to a lower carbon world.”

Kristof Gleich

President & CIO, Harbor Capital.

Performance

Total Returns

Annualized Total Returns as of

12/31/2023

3 Mo.

YTD Return

1 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Energy Transition Strategy ETF - at NAV

-8.83%

-28.91%

-24.00%

0.80%

Fund Market Price

-9.29%

-30.71%

-24.13%

Quantix Energy Transition Total Return Index

-8.36%

-26.72%

-21.62%

Bloomberg Commodity Index Total Return(SM)

-4.63%

-7.91%

-4.89%

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 reimbursem*nts, 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 Energy Transition Total Return Index (QET) is an unmanaged index that maintains exposure to at least 10 commodities from its eligible universe of energy transition themes in the United States (U.S.), Canada, United Kingdom (U.K.) and other European exchanges. Commodity futures from the component candidates are selected for the Index and weighted based on QCI’s quantitative methodology. Under normal circ*mstances, the Index is rebalanced on a monthly basis. The index listed is unmanaged and does not reflect fees and expenses and is not available for direct investment.

Price History

Distribution History

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023

12/22/2023

12/27/2023

0.44401

12/21/2022

12/22/2022

12/27/2022

0.13174

Holdings

Portfolio Characteristics

Sorry, there is no data available for this fund

Top Ten Holdings

As of 3/7/2024

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

2882131 TRS USD R E GSEBS004 TRS ON QETTR INDEX

0.0

19,618

98.3

TREASURY BILL

3/28/2024

0.0

6,405

32.1

TREASURY BILL

5/9/2024

0.0

5,523

27.7

TREASURY BILL

4/2/2024

0.0

1,121

5.6

TREASURY BILL

3/21/2024

0.0

927

4.6

2946661 TRS USD R E GSEBS004 TRS ON QETTR INDEX

0.0

293

1.5

2946661 TRS USD P F GSEBS004 TRS ON QETTR INDEX

3/15/2024

0.8

-287

-1.4

2882131 TRS USD P F GSEBS004 TRS ON QETTR INDEX

3/15/2024

0.8

-18,666

-93.6

% of Total Holdings:

74.8%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector and/or countries mentioned may change at any time and may not represent current or future investments.

Full Holdings

As of 3/7/2024

Download: Daily Full Holdings (csv)

Company Name

Category Name

Cusip

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

2882131 TRS USD R E GSEBS004 TRS ON QETTR INDEX

SWAP

99S225864

137,415

0.0

19,618

98.3

Quantix Energy Transition Index - Daily Commodity Sector Weights

As of 3/8/2024

Ticker

Commodity Sector

Commodity

Facility

Daily Weight (%)

LAN24

Industrial

Aluminum

LME

10.3

HGN4

Industrial

Comex Copper

CME

7.5

LNN4

Industrial

Nickel

LME

5.9

LXN4

Industrial

Zinc

LME

3.1

LAU24

Industrial

Aluminum

LME

2.6

HGU4

Industrial

Comex Copper

CME

1.8

LLK4

Industrial

Lead

LME

1.8

LNU4

Industrial

Nickel

LME

1.3

LXU4

Industrial

Zinc

LME

0.8

LLN4

Industrial

Lead

LME

0.4

NGN24

Natural Gas

CME

8.4

TZTK4

Natural Gas

Dutch Natural Gas

ICE

5.9

TZTJ4

Natural Gas

Dutch Natural Gas

ICE

5.2

NGU24

Natural Gas

CME

2.0

FNK4

Natural Gas

UK Natural Gas

ICE

1.3

FNJ4

Natural Gas

UK Natural Gas

ICE

1.2

MOZ24

Emissions

EU Emission Allowance

ICE

14.7

CTIZZZ24

Emissions

California Carbon Allowance

ICE

3.7

SIN4

Precious

Silver

CME

6.1

PAM4

Precious

Palladium

CME

2.4

PLN4

Precious

Platinum

CME

2.3

SIU4

Precious

Silver

CME

1.5

BON4

Ethanol And Soybean Oil

Bean Oil

CME

5.9

CUAJ4

Ethanol And Soybean Oil

Ethanol

CME

1.5

BOZ4

Ethanol And Soybean Oil

Bean Oil

CME

1.4

CUAK4

Ethanol And Soybean Oil

Ethanol

CME

0.8

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.

Matthew SchwabHead of Investor Solutions

Documents

Name

Date

Regulatory

Energy Transition Strategy ETF Summary Prospectus

Harbor ETF Prospectus

ETF Annual Report

ETF Semi-Annual Report

ETF Statement of Additional Information

ETF Fiscal Q3 Schedule of Holdings

ETF Fiscal Q1 Schedule of Holdings

Additional Documents

Energy Transition Strategy ETF Strategy Profile

Quantix Energy Transition Index Methodology

Energy Transition Strategy ETF Quick Hits

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.

Commodity and Commodity Linked Derivative Risk: The Fund has exposure to commodities through its and/or the Subsidiary’s investments in commodity-linked derivative instruments. 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. The Fund is non-diversified and may invest a greater concentrate of its assets in a particular sector of the commodities market (such as metal, gas or emissions products). As a result, the Fund may be more susceptible to risks associated with those sectors. Authorized Participant Concentration/Trading Risk: Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. Energy Transition Risk: The commodities included in the Index may become less representative of energy transition trends over time and the Fund’s investments may be significantly impacted by government and corporate policies. Foreign Currency Risk: Because the Index may include futures contracts denominated in foreign currencies, the Fund could be subject to currency risk.

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.

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.

Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

3000307