INNO vs. TGLR ETF Comparison

Comparison of Harbor Disruptive Innovation ETF (INNO) to LAFFER TENGLER Equity Income ETF (TGLR)

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.80

Average Daily Volume

29,638

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.31

Average Daily Volume

2,193

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INNO	TGLR
30 Days	3.59%	0.20%
60 Days	5.67%	3.35%
90 Days	7.02%	6.47%
12 Months	26.68%	28.37%

5 Overlapping Holdings

Symbol	Grade	Weight in INNO	Weight in TGLR	Overlap
GOOGL	B	1.96%	2.56%	1.96%
LRCX	F	2.42%	2.33%	2.33%
MSFT	D	1.92%	4.27%	1.92%
ORCL	A	0.81%	6.11%	0.81%
TXN	C	2.3%	3.26%	2.3%

INNO Overweight 63 Positions Relative to TGLR

Symbol	Grade	Weight
NVDA	A	4.35%
SHOP	B	3.91%
NOW	B	3.73%
GOOG	B	3.38%
CDNS	B	3.13%
AMZN	B	2.97%
FI	A	2.94%
MELI	D	2.85%
PGR	B	2.82%
DASH	A	2.82%
URI	B	2.81%
LIN	D	2.53%
DHR	D	2.42%
TEAM	A	2.23%
IOT	A	2.16%
TOST	A	2.03%
META	C	2.01%
ASND	F	1.55%
CMG	C	1.51%
DDOG	A	1.38%
AMD	F	1.36%
TSM	B	1.33%
PCOR	C	1.2%
CGNX	D	1.2%
NET	B	1.17%
NFLX	A	1.14%
HUBS	B	1.11%
GTLS	A	1.09%
CRM	B	0.9%
S	B	0.84%
SAP	B	0.84%
SE	A	0.83%
MEDP	D	0.82%
PANW	B	0.8%
MNDY	D	0.8%
ZS	B	0.79%
MTSI	B	0.77%
GEV	A	0.67%
SQ	A	0.65%
ROKU	D	0.65%
LSCC	D	0.64%
NU	C	0.63%
DT	C	0.62%
MDB	C	0.62%
AMAT	F	0.61%
PODD	B	0.58%
GLBE	A	0.57%
LLY	F	0.54%
OKTA	D	0.53%
DKNG	B	0.5%
ICLR	F	0.46%
TSLA	A	0.46%
CRWD	B	0.45%
SAIA	C	0.45%
SNOW	C	0.43%
LEGN	F	0.41%
MRNA	F	0.39%
TDG	D	0.33%
RCKT	F	0.33%
DXCM	C	0.32%
CHKP	D	0.32%
PCVX	D	0.25%
BCYC	F	0.16%

INNO Underweight 24 Positions Relative to TGLR

Symbol	Grade	Weight
AXP	B	-4.89%
AVGO	C	-4.51%
JPM	A	-4.48%
WMT	A	-4.46%
HD	A	-4.15%
CARR	D	-4.14%
GS	B	-3.92%
MCD	D	-3.87%
RTX	D	-3.65%
ABBV	F	-3.64%
CVX	A	-3.15%
EMR	A	-3.14%
LHX	B	-3.04%
SBUX	A	-2.89%
JNJ	D	-2.82%
STLD	B	-2.8%
EOG	A	-2.77%
DELL	B	-2.52%
NXPI	F	-2.51%
AAPL	C	-2.41%
PLD	D	-2.27%
PEP	F	-2.16%
MDT	D	-2.05%
NEE	C	-1.71%