Harbor Active Small Cap ETF (SMLL)

Frequently Asked Questions About SMLL

What does SMLL invest in?

The Harbor Active Small Cap ETF (SMLL) strives to achieve strong long-term total returns by investing in U.S. small-capitalization companies that are part of the Russell 2000 Index. Utilizing a proprietary bottom-up analysis, SMLL carefully constructs a concentrated portfolio of approximately 30 to 80 companies. These selections are based on their sustainable competitive advantages, robust business models, and reliable cash flow generation. The selection process incorporates key metrics such as Price to Free Cash Flow, Return on Invested Capital, and an examination of insider share purchases. Additionally, the fund scrutinizes a company's competitive position within its industry and the management's proficiency in deploying capital. Ongoing valuation analysis is key to determining a stock's intrinsic worth and identifying when it trades below this estimated value. SMLL exits holdings if there are significant shifts in fundamentals, market overvaluation, or when superior investment prospects emerge.

What is the expense ratio of SMLL?

Harbor Active Small Cap ETF (SMLL) (SMLL) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SMLL?

Harbor Active Small Cap ETF (SMLL) (SMLL) manages $13.7M 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 SMLL actively managed or an index fund?

SMLL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SMLL's is 0.80%) because there's no security selection cost.

When was SMLL launched?

Harbor Active Small Cap ETF (SMLL) (SMLL) launched in August 2024 and is managed by Harbor.

How has SMLL performed?

SMLL'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.