HGER

Harbor All-Weather Inflation Focus ETF
*Unless otherwise stated, data provided by FactSet.

HGER Fund Description

HGER tracks an index designed to provide broad exposure to inflation-sensitive commodities, selected and weighted based on fundamental and technical factors. The objective of the fund is to hedge inflation.

HGER Factset Analytics Insight

HGER attempts to diversify efficiently across commodities to target the most sensitive to US-CPI. The eligible universe consists of the 24 most liquid commodity futures. Each is scored for economic significance and quality. The score considers open interest, holding and trading costs, and inflation sensitivity. A minimum of 15 commodity futures are selected for inclusion. Selected commodities can range in weight in the portfolio 2-20%, except for gold which can have a maximum of 40%. Sector weights may vary 0-50%. The index utilizes a proprietary scarcity debasement indicator to determine the type of inflationary environment that exists, to which the weight to gold is adjusted accordingly. The index is reconstituted and reweighted quarterly. Index calculation is based on total return, which includes the futures returns plus returns from managing the fund’s cash collateral. The fund invests using excess return swaps through a wholly owned Cayman Islands subsidiary, avoiding K-1 tax forms.

PERFORMANCE [as of 06/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HGER -0.96% -4.10% -- -- -- -- --
HGER (NAV) -0.99% -3.73% -- -- -- -- --
Quantix Inflation Index -- -- -- -- -- -- --
S&P GSCI -3.90% -3.61% 38.70% 50.29% 15.86% 13.30% -1.02%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HGER Summary Data

ORIX Corp.
Harbor
02/09/22
Open-Ended Fund
0.68%
$65.35M
$767.99K
0.46%

HGER Portfolio Data

Futures
Variable
N/A
--

HGER Index Data

Quantix Inflation Index
Multi-Factor
Multi-Factor
S&P GSCI

HGER Portfolio Management

0.68%
--
--
--

HGER Tax Exposures

20.00% / 39.60%
--
No

HGER Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily

HGER Factset Analytics Block Liquidity

As of 06/24/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HGER. HGER is rated a 5 out of 5.

HGER Tradability

32,017
$767.99K
20,714
$507.80K
0.46%
$0.11
0.28%
2.57% / -2.34%
None
100.00%
--
--
--
--
13
$22.95
5

HGER Sector Breakdown


HGER
Segment Benchmark
64.24%
--
35.76%
--

HGER Top 10 Targeted Commodity Weights

66.95%
35.08%
-2.03%
100.00%

HGER Tenor Strategy

HGER uses a rules-based strategy for choosing contracts on a quarterly basis based on inflationary environment and best implied roll yield.

HGER Rolling Strategy

HGER rolls contracts between the 5th and 9th business day of each month based on pre-determined months of the respective commodity.

HGER Performance Statistics

--
--
--
--
0.00%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.