Harbor Active Small Cap Growth ETF

The Harbor Active Small Cap Growth ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of U.S. small capitalization growth companies. Launched in January 2026 by Harbor Capital Advisors, a Chicago-based firm with $67.2 billion in assets under management, it leverages the expertise of subadvisor Granahan Investment Management to identify underfollowed, mispriced small-cap stocks with strong fundamentals, durable competitive advantages, and above-average earnings growth potential. The fund targets businesses poised to benefit from economic expansion, innovation cycles, and valuation re-ratings, particularly in an environment where small-cap valuations, such as the Russell 2000's P/E ratio of around 18.1, appear discounted relative to large caps. With an expense ratio of 0.80%, it emphasizes bottom-up, research-driven stock selection across sectors like industrials and technology, aiming to navigate the inefficiencies and higher volatility inherent in small-cap growth investing. As a new entrant, the Harbor Active Small Cap Growth ETF offers investors active exposure to this dynamic asset class through the efficient ETF structure, focusing on high-quality companies for potential outperformance over market cycles.