INFO vs. USMV ETF Comparison

Comparison of Harbor PanAgora Dynamic Large Cap Core ETF (INFO) to iShares MSCI USA Minimum Volatility ETF (USMV)

INFO

Harbor PanAgora Dynamic Large Cap Core ETF

INFO Description

INFO aims to generate alpha consistently within the large-cap US market. Portfolio construction utilizes a bottom-up investment strategy integrating fundamental analysis with quantitative techniques and risk management tools. The subadvisor employs a proprietary alpha modeling framework to identify companies with strong financial and operational health, aiming for above-market returns relative to the S&P 500 Index. The strategy incorporates uncorrelated alpha factors, such as value, momentum, and quality. Additionally, ESG attributes are also evaluated to enhance the overall alpha scores. Security weighting is determined using a proprietary optimization technique, balancing alpha generation with risk metrics like tracking err, market risk, and concentration risk.

Grade (RS Rating)

Last Trade

$20.55

Average Daily Volume

806

Number of Holdings ^*

116

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.27

Average Daily Volume

1,672,443

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	INFO	USMV
30 Days	0.87%	-1.62%
60 Days		0.54%
90 Days		2.02%
12 Months		24.03%

47 Overlapping Holdings

Symbol	Grade	Weight in INFO	Weight in USMV	Overlap
AAPL	C	6.96%	0.96%	0.96%
ALNY	D	0.3%	0.25%	0.25%
AMZN	B	4.08%	0.14%	0.14%
ANET	C	0.82%	0.3%	0.3%
AVGO	C	1.22%	1.29%	1.22%
BMY	A	0.64%	0.44%	0.44%
BRK.A	B	0.99%	1.5%	0.99%
CBOE	C	0.73%	0.8%	0.73%
CI	D	0.88%	0.2%	0.2%
CL	D	0.55%	0.4%	0.4%
CMCSA	B	0.86%	0.39%	0.39%
CRM	B	1.54%	0.05%	0.05%
CTVA	C	0.76%	0.37%	0.37%
DTE	C	0.18%	0.19%	0.18%
DUK	C	0.13%	1.46%	0.13%
EOG	A	0.16%	0.17%	0.16%
GDDY	A	0.43%	0.92%	0.43%
HD	A	0.08%	0.29%	0.08%
HIG	B	0.79%	0.12%	0.12%
HOLX	D	0.73%	0.16%	0.16%
JNJ	D	0.94%	1.17%	0.94%
KR	B	0.52%	0.61%	0.52%
LLY	F	0.91%	1.39%	0.91%
LMT	D	0.94%	0.85%	0.85%
MA	B	1.61%	0.69%	0.69%
MCK	A	0.94%	1.32%	0.94%
MDLZ	F	0.62%	0.45%	0.45%
MELI	D	0.36%	0.17%	0.17%
MMC	D	0.81%	1.11%	0.81%
MPC	D	0.61%	0.52%	0.52%
MRK	F	1.12%	1.06%	1.06%
MSFT	D	6.1%	1.32%	1.32%
MSI	B	0.95%	1.83%	0.95%
NOC	D	0.1%	1.5%	0.1%
NOW	B	1.2%	0.72%	0.72%
NTAP	C	0.68%	0.22%	0.22%
NVDA	A	7.25%	0.66%	0.66%
PEP	F	0.76%	1.05%	0.76%
PG	C	0.35%	1.18%	0.35%
TJX	A	1.04%	0.43%	0.43%
UBER	F	0.34%	0.45%	0.34%
UNH	C	0.34%	1.4%	0.34%
V	A	1.13%	0.86%	0.86%
VRSK	B	0.61%	0.42%	0.42%
WDAY	C	0.42%	0.42%	0.42%
WMT	A	1.22%	1.7%	1.22%
XOM	B	1.16%	0.45%	0.45%

INFO Overweight 69 Positions Relative to USMV

Symbol	Grade	Weight
GOOGL	B	3.86%
META	C	3.01%
JPM	A	1.87%
TSLA	A	1.38%
NFLX	A	1.13%
WFC	A	1.12%
GE	D	1.1%
GM	B	1.02%
SYF	B	1.01%
BKR	B	0.97%
TT	A	0.95%
AMAT	F	0.93%
QCOM	F	0.89%
COST	A	0.89%
LRCX	F	0.87%
SPG	A	0.86%
ETR	A	0.85%
ALL	A	0.83%
MSCI	B	0.82%
INTU	B	0.81%
LDOS	C	0.78%
EXC	C	0.76%
EQR	C	0.76%
NRG	B	0.74%
A	F	0.73%
MAS	D	0.72%
SPGI	D	0.69%
EQIX	A	0.69%
TGT	B	0.68%
FTV	D	0.64%
ECL	D	0.57%
AXP	B	0.56%
INVH	D	0.56%
MTD	F	0.48%
BK	B	0.48%
AVY	D	0.46%
PYPL	B	0.43%
DD	D	0.42%
CNC	F	0.41%
ROST	D	0.41%
DASH	A	0.4%
SSNC	C	0.37%
NEE	C	0.36%
INGR	B	0.35%
FTI	A	0.35%
VEEV	C	0.35%
RPM	B	0.34%
ILMN	C	0.3%
ATR	B	0.3%
WAB	B	0.27%
CBSH	A	0.25%
UNM	A	0.25%
EBAY	D	0.25%
MU	D	0.23%
DHI	D	0.22%
SNOW	C	0.22%
AXS	A	0.2%
MKC	D	0.2%
AMD	F	0.19%
QRVO	F	0.19%
NOV	D	0.19%
NXPI	F	0.17%
MTG	D	0.13%
PH	B	0.13%
THC	C	0.09%
AMT	D	0.08%
EQH	B	0.07%
TOL	B	0.06%
HLT	A	0.05%

INFO Underweight 123 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.92%
PGR	B	-1.68%
IBM	C	-1.65%
RSG	A	-1.52%
WCN	A	-1.5%
TXN	C	-1.49%
CSCO	B	-1.46%
APH	B	-1.46%
WM	B	-1.44%
CB	C	-1.42%
SO	C	-1.33%
ROP	C	-1.31%
ORCL	A	-1.28%
VZ	C	-1.27%
ACN	C	-1.26%
AJG	B	-1.25%
MCD	D	-1.25%
ABBV	F	-1.22%
ED	C	-1.12%
TRV	A	-1.11%
GILD	C	-1.01%
AZO	C	-0.96%
FCNCA	A	-0.84%
EA	A	-0.83%
K	B	-0.79%
VRTX	D	-0.78%
CTSH	C	-0.78%
WEC	A	-0.75%
T	A	-0.72%
ACGL	D	-0.71%
ORLY	B	-0.67%
AMGN	D	-0.67%
GIS	F	-0.67%
COR	B	-0.67%
TSN	B	-0.66%
FI	A	-0.66%
VRSN	F	-0.64%
REGN	F	-0.64%
KDP	D	-0.61%
INCY	C	-0.61%
FICO	B	-0.59%
TDY	B	-0.58%
KEYS	C	-0.58%
BDX	F	-0.57%
FFIV	B	-0.55%
ELV	F	-0.54%
FANG	D	-0.54%
AON	B	-0.53%
YUM	D	-0.51%
PTC	B	-0.51%
CME	A	-0.51%
BAH	D	-0.5%
JNPR	D	-0.48%
NEM	D	-0.47%
XEL	A	-0.44%
ERIE	F	-0.42%
EG	D	-0.42%
HUM	D	-0.41%
KHC	F	-0.4%
CDW	F	-0.4%
AKAM	F	-0.39%
WTW	B	-0.38%
AEP	C	-0.38%
CHD	A	-0.37%
IT	C	-0.36%
ROL	B	-0.36%
GEN	B	-0.35%
CPB	D	-0.34%
AFG	A	-0.34%
CVX	A	-0.33%
GRMN	B	-0.33%
MKL	A	-0.33%
NBIX	C	-0.33%
FWONK	B	-0.31%
GLW	B	-0.31%
HSY	F	-0.3%
AIZ	A	-0.3%
WRB	B	-0.3%
WMB	A	-0.29%
ICE	C	-0.27%
L	A	-0.27%
ADI	D	-0.24%
AZPN	A	-0.23%
HUBS	B	-0.23%
HON	B	-0.23%
AEE	A	-0.23%
BMRN	F	-0.23%
D	C	-0.22%
MOH	F	-0.21%
PFE	F	-0.21%
PKG	B	-0.2%
KMB	C	-0.2%
HRL	D	-0.2%
CMS	C	-0.19%
SNPS	C	-0.19%
TW	A	-0.19%
DPZ	C	-0.19%
STX	D	-0.17%
CDNS	B	-0.17%
CRWD	B	-0.17%
GOOG	B	-0.16%
LIN	D	-0.16%
UTHR	C	-0.15%
MDT	D	-0.13%
OXY	F	-0.12%
DELL	B	-0.11%
KO	D	-0.1%
DGX	A	-0.1%
RTX	D	-0.09%
ABT	A	-0.09%
ADP	B	-0.09%
LNT	A	-0.09%
KNX	B	-0.07%
TEL	C	-0.07%
GD	D	-0.06%
FSLR	F	-0.06%
OTIS	C	-0.06%
ULTA	F	-0.05%
VLO	C	-0.05%
BR	B	-0.05%
PSX	C	-0.05%
ATO	A	-0.05%
CVS	F	-0.04%