Harbor Capital Advisors Launches Long-Short Equity ETF
04 Diciembre 2023 - 8:00AM
Business Wire
Harbor Capital Advisors, Inc. ("Harbor"), the asset manager that
continues to curate a select suite of actively managed ETFs, has
now launched the Harbor Long-Short Equity ETF (Ticker: LSEQ).
Managed by Disciplined Alpha LLC (“Disciplined Alpha”), the
Harbor Long-Short Equity ETF utilizes an actively managed
multi-asset approach to achieve its investment objective of
providing long-term growth of capital. In an effort to achieve the
objective, the Fund establishes long and/or short positions in
equity securities and invests primarily in the common stocks of
U.S.-listed large cap and mid cap companies.
Disciplined Alpha employs a structured quantitative approach.
Key components include the use of a proprietary macroeconomic
regime model to determine gross and net exposure, as well as
weights for value, neutral, or momentum factors. Disciplined Alpha
also prioritizes industry groups perceived to offer substantial
alpha opportunities. Within these groups, the long model
incorporates proprietary stock selection factors derived from
discussions with company management and third-party fundamental
analysts. Additionally, a distinct short model is applied to manage
the short side of the Fund's portfolio.
“We’re excited to be able to launch the Harbor Long-Short Equity
ETF and provide clients with another active, concentrated and fully
transparent option to consider for their portfolio construction. It
goes without saying that we at Harbor stand firm on our belief that
active managers need to be truly active to add value,” said Kristof
Gleich, President and CIO. “We’re also thrilled to partner with
Disciplined Alpha LLC. Their creative and innovative research
approach, systematic processes and disciplined implementation has
enabled them to manage and develop investment strategies to meet
the needs of qualified institutional investors all around the
globe.”
Now the fourteenth actively managed and fully transparent ETF
available in Harbor's expanding lineup across various investment
themes and asset classes, this offering enhances the breadth of
choices available to investors.
About Harbor Capital
Harbor Capital Advisors is an asset manager with an AUM of $45.1
billion as of 9/30/2023 and is known for curating an intentionally
select suite of active ETFs 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 to be the best and bold solutions that have the
potential to produce compelling, risk-adjusted returns. For more
information, visit 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.
All investments involve risk including the possible loss of
principal.
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.
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. Short selling
securities could potentially have unlimited loss due to the price
of securities sold short increasing beyond the cost of replacement
and the limitless increase on the value of a security. The Fund
utilizes a quantitative model and there are limitations in every
quantitative model. There can be no assurances that the strategies
pursued or the techniques implemented in the quantitative model
will be profitable, and various market conditions may be materially
less favorable to certain strategies than others.
The Harbor Long-Short Equity ETF (the “Fund”) acquired the
assets and assumed the then existing known liabilities of the
Disciplined Alpha Onshore Fund LP (the “Predecessor Fund”), a
Delaware limited partnership, on 12/1/23, and the Fund is the
performance successor of the reorganization. This means that the
Predecessor Fund’s performance and financial history will be used
by the Fund going forward from the date of reorganization.
Performance information prior to 12/1/23 reflects all fees and
expenses, including a performance fee, incurred by the Predecessor
Fund. Disciplined Alpha LLC (“Disciplined Alpha”) served as the
general partner and investment manager to the Predecessor Fund,
which commenced operations on 1/1/15 and, since that time,
implemented its investment strategy indirectly through its
investment in a master fund, which had the same general partner,
investment manager, investment policies, objectives, guidelines and
restrictions as the Predecessor Fund. Regardless of whether the
Predecessor Fund operated as a stand-alone fund or invested
indirectly through a master fund, Disciplined Alpha managed the
Predecessor Fund assets using investment policies, objectives,
guidelines and restrictions that were in all material respects
equivalent to those of the Fund. However, the Predecessor Fund was
not a registered fund and so it was not subject to the same
investment and tax restrictions as the Fund. If it had been, the
Predecessor Fund’s performance may have been lower.
The views expressed herein may not be reflective of current
opinions, are subject to change without prior notice, should not be
considered investment advice or a recommendation to purchase a
particular security.
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.
Foreside Fund Services, LLC is the Distributor of the Harbor
Long-Short Equity ETF.
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Hedda Nadler – Hedda@mountandnadler.com Andrew Greene
– Andrew@mountandnadler.com 212-759-4440
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