HAPI vs. QUAL ETF Comparison

Comparison of Harbor Corporate Culture ETF (HAPI) to iShares MSCI USA Quality Factor ETF (QUAL)

HAPI

Harbor Corporate Culture ETF

HAPI Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those the advisor believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$36.20

Average Daily Volume

5,644

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	HAPI	QUAL
30 Days	2.60%	1.61%
60 Days	4.98%	2.39%
90 Days	6.65%	3.34%
12 Months	35.11%	30.86%

43 Overlapping Holdings

Symbol	Grade	Weight in HAPI	Weight in QUAL	Overlap
A	D	0.2%	0.2%	0.2%
AAPL	C	5.25%	5.44%	5.25%
ACGL	D	0.19%	0.26%	0.19%
ADBE	C	0.74%	1.76%	0.74%
ADP	B	0.39%	1.75%	0.39%
AMAT	F	0.76%	1.17%	0.76%
ANET	C	0.27%	0.73%	0.27%
BLK	C	0.87%	0.99%	0.87%
CAT	B	1.13%	1.4%	1.13%
CBOE	B	0.12%	0.14%	0.12%
CDNS	B	0.24%	0.58%	0.24%
CME	A	0.44%	0.52%	0.44%
CSCO	B	0.75%	1.74%	0.75%
ED	D	0.23%	0.5%	0.23%
EW	C	0.21%	0.24%	0.21%
FDS	B	0.06%	0.12%	0.06%
GOOG	C	2.81%	1.55%	1.55%
GOOGL	C	3.2%	1.77%	1.77%
GWW	B	0.41%	0.59%	0.41%
JNJ	D	2.09%	2.15%	2.09%
KLAC	D	0.25%	0.77%	0.25%
KO	D	0.93%	1.43%	0.93%
LLY	F	2.89%	3.42%	2.89%
LMT	D	0.83%	1.08%	0.83%
LULU	C	0.31%	0.66%	0.31%
MA	C	2.54%	4.22%	2.54%
META	D	3.22%	4.09%	3.22%
MOH	F	0.08%	0.09%	0.08%
MSFT	F	4.3%	4.5%	4.3%
NFLX	A	1.14%	1.76%	1.14%
NKE	D	0.33%	1.41%	0.33%
NTAP	C	0.08%	0.21%	0.08%
NVDA	C	8.04%	6.93%	6.93%
PEP	F	0.84%	1.1%	0.84%
PHM	D	0.11%	0.43%	0.11%
PLD	D	0.56%	0.71%	0.56%
QCOM	F	0.56%	1.15%	0.56%
RMD	C	0.2%	0.17%	0.17%
ROK	B	0.09%	0.22%	0.09%
SLB	C	0.38%	0.89%	0.38%
SNPS	B	0.24%	0.51%	0.24%
TXN	C	0.61%	1.34%	0.61%
ZTS	D	0.46%	0.51%	0.46%

HAPI Overweight 108 Positions Relative to QUAL

Symbol	Grade	Weight
AMZN	C	5.0%
JPM	A	3.99%
CVX	A	2.07%
BAC	A	1.88%
XLC	A	1.59%
PG	A	1.56%
BKNG	A	1.52%
BSX	B	1.15%
GE	D	1.05%
MS	A	1.02%
ISRG	A	1.01%
HON	B	0.95%
CRM	B	0.94%
AXP	A	0.91%
AMGN	D	0.89%
PFE	D	0.77%
MELI	D	0.76%
BX	A	0.71%
MAR	B	0.68%
AMD	F	0.67%
DE	A	0.67%
GILD	C	0.65%
SO	D	0.64%
NOW	A	0.63%
FCX	D	0.61%
DUK	C	0.6%
IBM	C	0.6%
HLT	A	0.58%
INTU	C	0.57%
WMB	A	0.56%
KKR	A	0.5%
ABNB	C	0.49%
GEV	B	0.48%
EQIX	A	0.46%
NOC	D	0.45%
MO	A	0.38%
BDX	F	0.36%
MDLZ	F	0.35%
PANW	C	0.34%
TRV	B	0.33%
INTC	D	0.32%
URI	B	0.31%
SPG	B	0.31%
CTVA	C	0.31%
CL	D	0.3%
CMI	A	0.29%
DOW	F	0.29%
DD	D	0.29%
EBAY	D	0.29%
LHX	C	0.28%
OXY	D	0.27%
EXPE	B	0.26%
PWR	A	0.26%
BKR	B	0.26%
EXC	C	0.26%
MRVL	B	0.24%
DAL	C	0.23%
EIX	B	0.22%
CRWD	B	0.21%
EXR	D	0.2%
ADSK	A	0.2%
STLD	B	0.2%
BLDR	D	0.19%
HIG	B	0.19%
KMB	D	0.18%
FTNT	C	0.18%
FICO	B	0.17%
ALNY	D	0.17%
SPOT	B	0.17%
F	C	0.16%
AEE	A	0.16%
NDAQ	A	0.16%
DTE	C	0.16%
WDAY	B	0.16%
GEHC	F	0.15%
GIS	D	0.15%
SYF	B	0.15%
TTD	B	0.15%
MSCI	C	0.15%
BRO	B	0.14%
SBAC	D	0.14%
STZ	D	0.14%
IT	C	0.13%
CINF	A	0.13%
TEAM	A	0.13%
HPQ	B	0.12%
PFG	D	0.12%
ARES	A	0.12%
BAH	F	0.11%
ESS	B	0.11%
LII	A	0.11%
HUBS	A	0.1%
LUV	C	0.1%
BR	A	0.09%
HPE	B	0.09%
ANSS	B	0.09%
BG	F	0.08%
RBLX	C	0.07%
DOC	D	0.07%
CPT	B	0.07%
ZBRA	B	0.06%
BMRN	D	0.06%
TRMB	B	0.05%
TER	D	0.05%
MDB	C	0.05%
J	F	0.05%
EPAM	C	0.04%
BSY	D	0.03%

HAPI Underweight 80 Positions Relative to QUAL

Symbol	Grade	Weight
V	A	-4.5%
UNH	C	-2.81%
COST	B	-2.55%
TJX	A	-2.03%
COP	C	-1.73%
ACN	C	-1.67%
CMG	B	-1.26%
LIN	D	-1.14%
SRE	A	-0.93%
MMC	B	-0.74%
ITW	B	-0.73%
LRCX	F	-0.73%
DHI	D	-0.7%
PEG	A	-0.69%
VRTX	F	-0.62%
CTAS	B	-0.6%
TPL	A	-0.58%
SHW	A	-0.57%
PSA	D	-0.55%
MCO	B	-0.53%
NVR	D	-0.52%
APH	A	-0.5%
MMM	D	-0.5%
PAYX	C	-0.49%
DECK	A	-0.49%
GRMN	B	-0.48%
TSCO	D	-0.43%
AFL	B	-0.42%
FAST	B	-0.42%
ATO	A	-0.4%
APD	A	-0.35%
CBRE	B	-0.35%
ODFL	B	-0.34%
AMP	A	-0.33%
ULTA	F	-0.31%
IDXX	F	-0.3%
WSM	B	-0.29%
BBY	D	-0.29%
FERG	B	-0.28%
CSGP	D	-0.26%
AVB	B	-0.24%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	D	-0.21%
MNST	C	-0.21%
MANH	D	-0.2%
EA	A	-0.2%
APA	D	-0.19%
TROW	B	-0.19%
MPWR	F	-0.18%
EQR	B	-0.18%
EME	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
PPG	F	-0.15%
HSY	F	-0.15%
KEYS	A	-0.15%
WAT	B	-0.13%
ROL	B	-0.12%
WSO	A	-0.12%
WST	C	-0.12%
EXPD	D	-0.12%
GGG	B	-0.11%
OMC	C	-0.1%
PKG	A	-0.1%
ERIE	D	-0.09%
RS	B	-0.09%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AOS	F	-0.06%
AFG	A	-0.06%
SOLV	C	-0.05%
IPG	D	-0.05%
WBA	F	-0.03%