Harbor Scientific Alpha Income ETF
The fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The fund may also invest in the securities of foreign issuers, including emerging market bonds. The fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as “high yield” or “junk” bonds, or unrated securities that BlueCove Limited (the “subadviser”) considers to be of an equivalent credit quality.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned -1.0% so far this year. At 0.50% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.2% |
| 1 month | +0.5% |
| 3 months | -0.3% |
| 6 months | -1.8% |
| YTD | -1.0% |
| 1 year | -1.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat SIFI on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| DIVB iShares U.S. Dividend and Buyback ETF | 0.05% | $1.9B | +$136M | -45bp on fee · 54× the assets · +$136M in over the month | Head-to-head |
| HDV iShares Core High Dividend ETF | 0.08% | $15.1B | +$209M | -42bp on fee · 441× the assets · +$209M in over the month | Head-to-head |
| SCHD Schwab U.S. Dividend Equity ETF | 0.06% | $60.6B | — | -44bp on fee · 1764× the assets | Head-to-head |
| VYM Vanguard High Dividend Yield Index Fund | 0.06% | $58.1B | — | -44bp on fee · 1691× the assets | Head-to-head |
| DGRO iShares Core Dividend Growth ETF | 0.08% | $43.6B | −$50M | -42bp on fee · 1269× the assets | Head-to-head |