# Harbor Long-Short Equity ETF (LSEQ) (LSEQ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lseq 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: Actively Managed · Inception: 2015-01-01 LSEQ distinguishes itself as the industry's first hedge fund to transition into an exchange-traded fund. Its primary objective is to optimize investment returns and adeptly manage risk amidst fluctuating market conditions. This is achieved by maintaining a balanced portfolio of long and short positions in U.S. large and mid-cap stocks. A multifactor model guides the selection of long positions, while a dedicated short model identifies potential underperformers. Central to its strategy is a proprietary macroeconomic regime model that categorizes market environments as either value, neutral,... ## Key Facts | Metric | Value | |---|---| | Price | $35.01 | | Expense Ratio | 2.28% | | Assets Under Management | $17.5M | | NAV | $35.04 | | Holdings Count | 143 | | Distribution Yield (TTM) | 1.73% | | Annual Distribution (TTM) | $0.61 /share | | Distribution Frequency | Irregular | | 52-Week Range | $27.57 – $36.02 | | Beta | 0.34 | ## Latest Distribution - Amount: $0.6070 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does LSEQ invest in? LSEQ distinguishes itself as the industry's first hedge fund to transition into an exchange-traded fund. Its primary objective is to optimize investment returns and adeptly manage risk amidst fluctuating market conditions. This is achieved by maintaining a balanced portfolio of long and short positions in U.S. large and mid-cap stocks. A multifactor model guides the selection of long positions, while a dedicated short model identifies potential underperformers. Central to its strategy is a proprietary macroeconomic regime model that categorizes market environments as either value, neutral, or momentum-driven. This framework informs key portfolio decisions, including gross and net exposure levels, alongside preferences for value, quality, profitability, and momentum factors. Industry group selection prioritizes perceived alpha opportunities, specifically targeting sectors exhibiting the highest dispersion in returns. For risk management, the fund employs long and short exposures designed to counteract downside tail risk, with performance gauged by the Sortino ratio. Its investment universe may also encompass U.S. Treasury bills, various derivatives, limited foreign exposure, and reverse repurchase agreements. LSEQ commenced operations with $3.64 million in net assets. ### What is the expense ratio of LSEQ? Harbor Long-Short Equity ETF (LSEQ) (LSEQ) charges an expense ratio of 2.28%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LSEQ? Harbor Long-Short Equity ETF (LSEQ) (LSEQ) manages $17.5M 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 LSEQ actively managed or an index fund? LSEQ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LSEQ's is 2.28%) in exchange for the discretion to over- or under-weight positions. ### When was LSEQ launched? Harbor Long-Short Equity ETF (LSEQ) (LSEQ) launched in January 2015 and is managed by Harbor. ### How has LSEQ performed? LSEQ'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 LSEQ pay a dividend? Harbor Long-Short Equity ETF (LSEQ) (LSEQ) currently distributes little or no income. Trailing-twelve-month yield is 1.73%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LSEQ pay dividends? Harbor Long-Short Equity ETF (LSEQ) pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LSEQ's dividend yield? LSEQ's trailing-twelve-month yield is 1.73%, calculated from the sum of dividends over the past year divided by the current price. ### When is LSEQ's next ex-dividend date? The most recently announced ex-dividend date for LSEQ was 2025-12-19. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will LSEQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.28% 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 LSEQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from LSEQ'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 LSEQ cost more than a fund like VOO? LSEQ is actively managed (current expense ratio 2.28%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LSEQ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LSEQ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LSEQ (2.28%) 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/lseq - Distribution history: https://www.dividenddata.com/funds/lseq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lseq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lseq/expenses - Peer comparison: https://www.dividenddata.com/funds/lseq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.