Harbor Capital Advisors Expands Growing ETF Lineup with the Harbor Active Small Cap ETF
Harbor Capital Advisors has launched the Harbor Active Small Cap ETF (Ticker: SMLL), an actively managed ETF investing in a blend of growth and value small cap companies. The fund aims to provide a cost-effective, transparent, and tax-efficient way for advisors to access the small cap blend space with an active strategy.
SMLL is managed by Glenn Gawronski, who recently left JP Morgan to start Byron Place. With over two decades of experience, Gawronski brings a disciplined, common-sense investing approach focused on mitigating portfolio risk. The ETF invests in businesses with sustainable competitive advantages, competent management teams, and attractive valuations.
Harbor believes small caps have the potential to offer attractive returns in the coming cycle. The fund has a total expense ratio of 80 basis points.
Harbor Capital Advisors ha lanciato il Harbor Active Small Cap ETF (Ticker: SMLL), un ETF gestito attivamente che investe in una combinazione di aziende small cap di crescita e valore. Il fondo mira a fornire un modo costo-efficiente, trasparente e fiscalmente vantaggioso per i consulenti di accedere al settore delle piccole capitalizzazioni con una strategia attiva.
SMLL è gestito da Glenn Gawronski, che ha recentemente lasciato JP Morgan per avviare Byron Place. Con oltre due decenni di esperienza, Gawronski porta un approccio di investimento disciplinato e sensato, focalizzato sulla mitigazione del rischio del portafoglio. L'ETF investe in aziende con vantaggi competitivi sostenibili, team di gestione competenti e valutazioni attrattive.
Harbor crede che le piccole capitalizzazioni abbiano il potenziale di offrire rendimenti attraenti nel prossimo ciclo. Il fondo ha un rapporto complessivo delle spese di 80 punti base.
Harbor Capital Advisors ha lanzado el Harbor Active Small Cap ETF (Ticker: SMLL), un ETF gestionado activamente que invierte en una combinación de empresas small cap de crecimiento y valor. El fondo tiene como objetivo proporcionar una forma costo-efectiva, transparente y eficiente desde el punto de vista fiscal para que los asesores accedan al espacio de pequeñas capitalizaciones con una estrategia activa.
SMLL es gestionado por Glenn Gawronski, quien recientemente dejó JP Morgan para iniciar Byron Place. Con más de dos décadas de experiencia, Gawronski aporta un enfoque de inversión disciplinado y sensato centrado en mitigar el riesgo de la cartera. El ETF invierte en negocios con ventajas competitivas sostenibles, equipos de gestión competentes y valoraciones atractivas.
Harbor cree que las small caps tienen el potencial de ofrecer retornos atractivos en el próximo ciclo. El fondo tiene un ratio total de gastos de 80 puntos base.
하버 캐피탈 어드바이저스는 하버 액티브 스몰 캡 ETF (티커: SMLL)를 출시했습니다. 이는 성장 및 가치 소형 주식에 투자하는 적극적으로 관리되는 ETF입니다. 이 펀드는 비용 효율적이고 투명하며 세금 효율적인 방법으로 자문가들이 액티브 전략을 통해 소형 주식 격차에 접근할 수 있도록 하는 것을 목표로 합니다.
SMLL은 글렌 가워론스키가 관리하고 있으며, 그는 최근 JP모건을 떠나 바이런 플레이스를 설립했습니다. 20년 이상의 경험을 가진 가워론스키는 포트폴리오 위험을 완화하는 데 중점을 둔 규율 있고 상식적인 투자 접근 방식을 제공합니다. 이 ETF는 지속 가능한 경쟁 우위, 유능한 경영진 및 매력적인 가치 평가를 가진 기업에 투자합니다.
하버는 소형주가 오는 주기에서 매력적인 수익을 제공할 수 있는 잠재력이 있다고 믿고 있습니다. 이 펀드는 총 경비 비율 80 베이시스 포인트를 가지고 있습니다.
Harbor Capital Advisors a lancé le Harbor Active Small Cap ETF (Ticker: SMLL), un ETF géré activement investissant dans un mélange d'entreprises small cap de croissance et de valeur. Le fonds vise à fournir un moyen coût-efficace, transparent et fiscalement avantageux pour les conseillers d'accéder au secteur des small caps avec une stratégie active.
SMLL est géré par Glenn Gawronski, qui a récemment quitté JP Morgan pour créer Byron Place. Avec plus de deux décennies d'expérience, Gawronski apporte une approche d'investissement disciplinée et sensée axée sur la réduction des risques de portefeuille. L'ETF investit dans des entreprises ayant des avantages concurrentiels durables, des équipes de direction compétentes et des évaluations attrayantes.
Harbor pense que les small caps ont le potentiel d'offrir des rendements attrayants au cours du prochain cycle. Le fonds a un taux total de frais de 80 points de base.
Harbor Capital Advisors hat den Harbor Active Small Cap ETF (Ticker: SMLL) gestartet, ein aktiv verwalteter ETF, der in eine Mischung aus Wachstums- und Value-Small-Cap-Unternehmen investiert. Der Fonds zielt darauf ab, eine kosten-effektive, transparente und steuerlich effiziente Möglichkeit für Berater zu bieten, um mit einer aktiven Strategie auf den Small-Cap-Markt zuzugreifen.
SMLL wird von Glenn Gawronski verwaltet, der kürzlich JP Morgan verlassen hat, um Byron Place zu gründen. Mit über zwei Jahrzehnten Erfahrung bringt Gawronski einen disziplinierten, vernünftigen Investitionsansatz mit, der auf die Minderung des Portfoliorisikos fokussiert ist. Der ETF investiert in Unternehmen mit nachhaltigen Wettbewerbsvorteilen, kompetenten Managementteams und attraktiven Bewertungen.
Harbor glaubt, dass Small Caps das Potential haben, attraktive Renditen im kommenden Zyklus zu bieten. Der Fonds hat ein Gesamtausgabenverhältnis von 80 Basispunkten.
- Launch of a new actively managed small cap ETF (SMLL)
- Experienced portfolio manager Glenn Gawronski with over 20 years of experience
- Focus on companies with sustainable competitive advantages and competent management
- Potential for attractive returns in the small cap space
- Competitive expense ratio of 80 basis points
- None.
Insights
The launch of Harbor's Active Small Cap ETF (SMLL) is a strategic move in the competitive ETF market. While small-cap stocks often offer higher growth potential, they also come with increased risk. The 80 basis point expense ratio is competitive for an actively managed small-cap ETF, potentially attracting cost-conscious investors. However, the fund's success will largely depend on Gawronski's ability to replicate his past performance in this new venture. The focus on companies with sustainable competitive advantages and competent management aligns with value investing principles, which could appeal to investors seeking quality in the volatile small-cap space. Overall, this launch expands Harbor's product range but its impact on the company's financials will take time to materialize.
The timing of SMLL's launch is intriguing, given the current market dynamics. Small-cap stocks have historically outperformed during economic recoveries, which could position this ETF favorably if such a scenario unfolds. The blend of growth and value approaches in small-caps could attract investors looking for a balanced exposure to this asset class. Gawronski's track record of managing a $4.60 billion+ U.S. equity franchise at JP Morgan lends credibility to the fund, potentially drawing institutional interest. However, the success of boutique firms in the highly competitive ETF space is not guaranteed. The fund's performance relative to passive small-cap ETFs and its ability to gather assets will be important metrics to watch in the coming months.
SMLL is an actively managed ETF that invests in a blend of growth and value small cap companies. It seeks to offer what we believe is a cost-effective, transparent, and tax-efficient way for advisors to access the small cap blend space with an active strategy positioned to capitalize on the asset class’s inherent inefficiencies and wide dispersion of returns.
SMLL provides exclusive access to Portfolio Manager Glenn Gawronski's approach, which is based on disciplined, common-sense investing with an eye toward mitigating portfolio risk. Gawronski, who recently left JP Morgan to start his own firm, Byron Place, has more than two decades of experience and a compelling track record of managing a
Why SMLL?
“Small caps are top of mind for Harbor as we believe they have the potential to offer attractive returns over the coming cycle,” said Kristof Gleich, President & CIO at Harbor Capital Advisors. “Glenn sits squarely in the bullseye of what we’re trying to achieve at Harbor. He is a proven, committed, skilled active manager who has decided to break away and create his own boutique, honing decades of experience and knowledge he has accumulated at a larger firm. An active approach and commitment to finding companies he believes have a sustainable competitive advantage can serve as a compelling allocation for advisors who seek to capture some of the potential returns available to small cap investors.”
Harbor’s Active Small Cap ETF (SMLL) invests only in businesses with sustainable competitive advantages run by competent management teams that are good stewards of capital with a track record of success. Candidates for inclusion in SMLL must also trade at a discount to their intrinsic value.
Byron Place specializes in equity investing with a narrowed focus on providing superior risk-adjusted returns over a market cycle with an emphasis on mitigating risk.
Harbor’s Active Small Cap ETF gives access to a tenured investment manager and process with total expense ratio of 80 basis points.
About Harbor Capital
Harbor Capital Advisors is an asset manager with an AUM of
Investors should carefully consider the investment objectives, risks, charges, and expenses of a Harbor fund before investing. To obtain a summary prospectus or prospectus for this and other information, visit harborcapital.com or call 800-422-1050. Read it carefully before investing.
Investing involves risk, principal loss is possible. 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.
SMLL: 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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies. 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, and it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio.
The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice or a recommendation to purchase a particular security.
A basis point is one hundredth of 1 percentage point.
Byron Place is the subadvisor to the Harbor Active Small Cap ETF.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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MEDIA: Hedda Nadler – Hedda@mountandnadler.com
Andrew
Source: Harbor Capital Advisors, Inc.
FAQ
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