The Fund seeks total return by mainly investing in below investment-grade (high yield) corporate bonds. During the third quarter, the Harbor Scientific Alpha High Yield ETF returned 2.70% (NAV), outperforming its benchmark, the ICE BofA US High Yield Index (H0A0), which returned 2.40%. The outperformance was driven by security selection across several sectors.
During the first quarter, the Harbor Scientific Alpha High Yield ETF (“Fund”) returned 0.56% (at NAV), underperforming its benchmark, the ICE BofA US High Yield Index (H0A0), which returned 0.94%. Performance was driven by security selection across several sectors, most notably Energy, Electronics, and Information Technology. The Fund seeks to be broadly neutral in duration and yield curve versus its benchmark.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Jason E. Archambault SK Wealth Management LLC | 9,931 | $451,707.34 | $452,555.67 | $848.33 | 0.19% |
| MJ Michelle Johnston 1620 INVESTMENT ADVISORS Inc. | 823 | $37,411.07 | $37,430.04 | $18.97 | 0.05% |
Bluestem Wealth Partners LLC BlueStem Wealth Partners, LLC | 258,668 | $11.61M | $11.78M | $167,069.21 | 1.44% |
John Hayes LongView Wealth Management | 7,524 | $340,607.03 | $342,182.49 | $1,575.46 | 0.46% |
Kyle Bubeck Independence Asset Advisors, LLC | 6,258 | $282,532.66 | $284,363.52 | $1,830.86 | 0.65% |
| ARCA Exchange | US Country |
BlueCove Limited is a financial institution that focuses on providing investors with opportunities in the high-yield bond market. The company primarily invests in below investment-grade corporate bonds, commonly known as “high yield” or “junk” bonds, as well as unrated securities that it deems to be of equivalent credit quality. BlueCove Limited endeavors to maximize returns for its investors by engaging in a wide range of investment practices, including the utilization of derivative instruments such as futures and swaps. A significant portion of its investments is in U.S. dollar-denominated securities, including those issued by foreign corporations, adhering strictly to its policy of investing at least 80% of its net assets, in addition to borrowings for investment purposes, in its targeted asset classes under normal market conditions.
BlueCove Limited offers a focused lineup of investment products and services, catering to investors seeking exposure to the high-yield credit market: