# Harbor Human Capital Factor US Small Cap ETF (HAPS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/haps for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Harbor · Asset class: Equity - Strategy: Thematic · Inception: 2023-04-12 HAPS invests in small-cap US stocks perceived to possess strong human capital factors across 11 GICS sectors. From the Solactive GBS United States 2000 Index, HAPS targets the top-scoring human capital firms. This is based on the premise that happy and motivated employees can generate better outcomes. Selection begins with a proprietary scoring methodology that quantitatively measures the contribution of a companys corporate culture to its financial performance based on factors such as employee engagement and motivation, trust and transparency, point-of-view diversity, and compensation fair... ## Key Facts | Metric | Value | |---|---| | Price | $37.28 | | Expense Ratio | 0.61% | | Assets Under Management | $170.8M | | NAV | $37.33 | | Holdings Count | 190 | | Distribution Yield (TTM) | 0.48% | | Annual Distribution (TTM) | $0.18 /share | | Distribution Frequency | Annual | | 52-Week Range | $29.42 – $38.86 | | Beta | 1.16 | ## Latest Distribution - Amount: $0.1780 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does HAPS invest in? HAPS invests in small-cap US stocks perceived to possess strong human capital factors across 11 GICS sectors. From the Solactive GBS United States 2000 Index, HAPS targets the top-scoring human capital firms. This is based on the premise that happy and motivated employees can generate better outcomes. Selection begins with a proprietary scoring methodology that quantitatively measures the contribution of a companys corporate culture to its financial performance based on factors such as employee engagement and motivation, trust and transparency, point-of-view diversity, and compensation fairness. Utilized quantifiable metrics include human capital, behavioral, and data sciences. The portfolio is market-cap-weighted, with a 5% cap on each stock. To maintain sector weights of parent universe, adjustments are made by supplementing predetermined small-cap sector ETFs. The index reconstitutes annually. Prior to September 5, 2023, the ETF's name was Harbor Corporate Culture Small Cap ETF. ### What is the expense ratio of HAPS? Harbor Human Capital Factor US Small Cap ETF (HAPS) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HAPS? Harbor Human Capital Factor US Small Cap ETF (HAPS) manages $170.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HAPS actively managed or an index fund? HAPS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HAPS launched? Harbor Human Capital Factor US Small Cap ETF (HAPS) launched in April 2023 and is managed by Harbor. ### How has HAPS performed? HAPS's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HAPS pay a dividend? Harbor Human Capital Factor US Small Cap ETF (HAPS) currently distributes little or no income. Trailing-twelve-month yield is 0.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HAPS pay dividends? Harbor Human Capital Factor US Small Cap ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HAPS's dividend yield? HAPS's trailing-twelve-month yield is 0.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is HAPS's next ex-dividend date? The most recently announced ex-dividend date for HAPS was 2025-12-19. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will HAPS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.61% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HAPS charge its expense ratio? The expense ratio is deducted in tiny daily slices from HAPS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HAPS cost more than a fund like VOO? HAPS's strategy (current expense ratio 0.61%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HAPS sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HAPS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HAPS (0.61%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/haps - Distribution history: https://www.dividenddata.com/funds/haps/dividend - Holdings & diversification: https://www.dividenddata.com/funds/haps/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/haps/expenses - Peer comparison: https://www.dividenddata.com/funds/haps/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.