Harbor Human Capital Factor US Large Cap ETF (HAPI)
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HAPI: Why This Large-Cap Human Capital Factor ETF Works
HAPI ETF uses a proprietary method to select 150 U.S. large-cap companies with strong corporate cultures. It's an unusual source of potential alpha, but HAPI has outperformed SPY by 10%. Dan Ariely, co-founder of Irrational Capital, attempts to quantify the employer-employee relationship by focusing on intrinsic motivation, perceived compensation fairness, and limited bureaucracy. However, HAPI has not succeeded based on the human capital factor alone. As I will demonstrate, its starting universe, weighting scheme, and sector-neutral approach are crucial to the fund's success.
Harbor Human Capital Factor US Large Cap ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AWM Accurate Wealth Management LLC Accurate Wealth Management LLC | 4,598 | $156,745.82 | $206,220.3 | $49,474.48 | 31.56% |
 Proactive Wealth Strategies LLC Proactive Wealth Strategies LLC | 58,660 | $2.21M | $2.64M | $426,946.36 | 19.29% |
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Harbor Human Capital Factor US Large Cap ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates as an investment fund focusing on integrating proprietary scoring on corporate culture into its investment strategy. It dedicates at least 80% of its total assets to securities featured in its uniquely compiled index. This index is comprised of a modified market capitalization-weighted portfolio, which includes equity securities from around 150 U.S. companies. These companies are meticulously selected by Irrational Capital LLC, based on a belief in their strong corporate culture. This selection process utilizes a proprietary scoring methodology developed by the advisor to identify potential companies for inclusion in the index.
Products and Services
Investment Fund Focused on Corporate Culture
This product targets investors looking to allocate assets toward companies distinguished by their exceptional corporate culture. By investing in securities that are part of a carefully curated index, the fund aims to deliver returns that are reflective of the performance of these culturally strong companies. The fund's strategy is deeply rooted in the belief that a strong corporate culture can significantly impact a company's financial performance and, by extension, the value of its stock.
Proprietary Scoring Methodology for Company Selection
Utilizing a unique scoring system developed by Irrational Capital, the fund identifies U.S. companies believed to exhibit a strong corporate culture. This methodology evaluates companies across various metrics deemed indicative of positive cultural qualities. The approach aims to quantitatively measure aspects of corporate culture that can influence financial outcomes and stock performance, providing a rigorous foundation for the fund's investment decisions.
