Net Asset Value Restatement for Harbor Long-Term Growers ETF (WINN)

Rhea-AI Summary

Harbor Capital Advisors has restated the net asset value (NAV) per share for its Harbor Long-Term Growers ETF (WINN) as of February 4, 2022. The revised NAV is $18.46, down from the original $19.95, marking a 1.49% adjustment due to a prior calculation error. This discrepancy may influence investor confidence and trading behavior. Harbor manages approximately $63.5 billion in assets as of December 31, 2021, and emphasizes the importance of reviewing investment objectives and risks prior to investing. For more information, visit harborcapital.com.

Positive

• Harbor manages approximately $63.5 billion in assets, indicating strong investor confidence.
• The restatement provides clarity on the NAV, allowing investors to make informed decisions.

Negative

• The NAV adjustment of 1.49% could lead to decreased investor confidence and potential sell-offs.
• The error in calculating the NAV may raise concerns about the firm's operational accuracy.

CHICAGO--(BUSINESS WIRE)-- Harbor Capital Advisors, Inc. (“Harbor”), announces the net asset value (NAV) per share of the below exchange fund (ETF) was restated effective as of Friday, February 4, 2022.

ETF Name	Ticker (NYSE)	Revised	Original	Adjustment
Harbor Long-Term Growers ETF	WINN	18.46	19.95	-1.49%

This value differs from previously disclosed NAV. The NAV adjustment is a result of an error in calculating the NAV for WINN.

About Harbor

Harbor offers a diverse family of cost-aware investment solutions managed by institutional-caliber firms. We source talented investment teams to manage portfolios and apply a rigorous fiduciary oversight program to monitor their performance and investment decisions. Harbor had combined assets under management of approximately $63.5 billion as of December 31, 2021. For more information, visit harborcapital.com.

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST. TO OBTAIN A SUMMARY PROSPECTUS OR PROSPECTUS FOR THIS AND OTHER INFORMATION, VISIT HARBORCAPITAL.COM OR CALL 800-422-1050.

All investments involve risk including the possible loss of principal. There is no guarantee that the investment objective of the Fund will be achieved.

Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities.

Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.

Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has limited operating history to judge.

Foreside Fund Services, LLC. is the Distributor of the Harbor Long-Term Growers ETF.

Jennison Associates is a third-party subadviser to the Harbor Long-Term Growers ETF.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220204005424/en/

MEDIA: Hedda Nadler – Hedda@mountandnadler.com

Andrew Greene – Andrew@mountandnadler.com

212-759-4440

Source: Harbor Capital Advisors, Inc.

FAQ

What is the updated net asset value for the Harbor Long-Term Growers ETF (WINN)?

The updated net asset value (NAV) for the Harbor Long-Term Growers ETF (WINN) is $18.46.

Why was the NAV for the Harbor Long-Term Growers ETF (WINN) restated?

The NAV was restated due to an error in its previous calculation.

What was the original NAV for the Harbor Long-Term Growers ETF (WINN)?

The original NAV was $19.95 before the adjustment.

How much does Harbor Capital Advisors manage as of December 31, 2021?

As of December 31, 2021, Harbor Capital Advisors manages approximately $63.5 billion in assets.

What is the significance of the NAV adjustment for investors in WINN?

The NAV adjustment could influence trading decisions and investor confidence in the ETF.