Harbor Active Small Cap ETF Q4 2025 Commentary
The Harbor Active Small Cap ETF provides small cap equity exposure with a narrowed focus on attractive risk-adjusted returns with downside mitigation. During the second quarter of 2025, SMLL ETF returned 3.35% (NAV), underperforming the Russell 2000® Index, which returned 8.50%. We will see what volatility/opportunities quarterly earnings may bring us, but we anticipate that we will be a bit less active, given all the recent activity and volatility.
On Thursday, Harbor Capital launched the Harbor Active Small Cap ETF (SMLL). “Small caps are top of mind for Harbor as we believe they have the potential to offer attractive returns over the coming cycle,” noted Kristof Gleich, president & CIO at Harbor Capital Advisors.