HOLD ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

HOLD provides 150% total exposure, allocating 75% to a long passive U.S. equity strategy and 75% to the managed futures strategy. With $0.01 billion in assets under management and an expense ratio of 0.70%, HOLD presents a unique investment strategy for investors seeking leveraged exposure to the S&P 500 and managed futures.

Harbor Alpha Layering ETF (HOLD) (HOLD) ETF — Price, Holdings & Analysis

The Harbor Alpha Layering ETF (HOLD) is an equity ETF from Harbor that employs a quantitative approach, layering an active, trend-following managed futures strategy on top of a passive position replicating the S&P 500 Index. HOLD provides 150% total exposure, allocating 75% to a long passive U.S. equity strategy and 75% to the managed futures strategy. With $0.01 billion in assets under management and an expense ratio of 0.70%, HOLD presents a unique investment strategy for investors seeking leveraged exposure to the S&P 500 and managed futures.

ETF Overview

The fund’s subadvisor, employs a quantitative approach that “layers” an active, trend-following managed futures strategy on top of a passive position that is intended to replicate the returns of the S&P 500 Index. One dollar invested in the fund provides a total exposure of approximately one dollar and fifty cents (150% total exposure), which is allocated 75% to the long passive U.S. equity strategy and 75% to the managed futures strategy. The fund is non-diversified.

The Harbor Alpha Layering ETF (HOLD) seeks to provide investors with exposure to both the S&P 500 and a managed futures strategy. The fund achieves this by layering an active, trend-following managed futures strategy on top of a passive position intended to replicate the returns of the S&P 500 Index. HOLD provides a total exposure of approximately 150%, allocated as 75% to the long passive U.S. equity strategy and 75% to the managed futures strategy. This leveraged approach aims to enhance returns by capitalizing on market trends identified by the managed futures strategy while maintaining core exposure to the S&P 500. The fund's holdings are heavily concentrated in Cash & Others, representing 90.3% of the portfolio, with a 9.7% allocation to Financial Services. Country exposure is primarily in Other (90.4%), with 9.6% allocated to the United States. HOLD is non-diversified, making it suitable for investors with a higher risk tolerance seeking potentially higher returns through active management and leverage.

Risk Metrics

The Harbor Alpha Layering ETF (HOLD) presents several risks for investors. The fund's non-diversified status means that its performance is highly dependent on the performance of its single holding and the managed futures strategy. The fund's expense ratio of 0.70% is higher than some passively managed S&P 500 ETFs, which can create a drag on performance, especially in periods of lower returns. The fund's leveraged exposure of 150% amplifies both gains and losses, increasing volatility and the potential for significant losses. The concentration in 'Cash & Others' (90.3%) and Financial Services (9.7%) also introduces sector-specific risk. Investors should carefully consider their risk tolerance and investment objectives before investing in HOLD, understanding that past performance does not guarantee future results.

Expense Ratio

0.70%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	90.3%
Financial Services	9.7%

Country	Weight
Other	90.4%
United States	9.6%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Harbor Long-Short Equity ETF (LSEQ) (LSEQ) (Equity) — 2.28% expense ratio
Harbor International Equity ETF (EPIN) (EPIN) (Equity) — 0.80% expense ratio
Harbor AlphaEdge Small Cap Earners ETF (EBIT) (EBIT) (Equity) — 0.29% expense ratio
Harbor AlphaEdge Next Generation REITs ETF (AREA) (AREA) (Equity) — 0.50% expense ratio
Harbor Transformative Technologies ETF (TEC) (TEC) (Equity) — 0.69% expense ratio
Harbor Disruptive Innovation ETF (INNO) (Equity) — 0.75% expense ratio

Questions & Answers

What is HOLD and what does it track?

The Harbor Alpha Layering ETF (HOLD) is an actively managed ETF that seeks to provide investors with exposure to both the S&P 500 and a managed futures strategy.

It achieves this by layering an active, trend-following managed futures strategy on top of a passive position intended to replicate the returns of the S&P 500 Index.

What is the expense ratio for HOLD?

The expense ratio for the Harbor Alpha Layering ETF (HOLD) is 0.70%. This means that for every $10,000 invested in the fund, $70 is used to cover the fund's operating expenses.

While 0.70% is not extremely high, it is important to consider that many passively managed S&P 500 ETFs have expense ratios significantly lower than this.

What are the top holdings in HOLD?

As of March 15, 2026, the Harbor Alpha Layering ETF (HOLD) has a highly concentrated portfolio. The fund's top holding is 'Cash & Others', which constitutes 90.3% of the portfolio.

The next largest allocation is to the Financial Services sector, representing 9.7% of the fund.

Is HOLD a good long-term investment?

Whether the Harbor Alpha Layering ETF (HOLD) is a good long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives.

HOLD's strategy of layering managed futures on top of S&P 500 exposure offers the potential for enhanced returns, but also introduces additional risk due to its leveraged exposure of 150%.

How does HOLD compare to similar ETFs?

The Harbor Alpha Layering ETF (HOLD) differentiates itself from traditional S&P 500 ETFs through its actively managed, trend-following managed futures strategy and leveraged exposure.

While many S&P 500 ETFs offer passive exposure at very low expense ratios, HOLD's expense ratio is 0.70%. HOLD's AUM is $0.01 billion, which is relatively small compared to established S&P 500 ETFs.

Does HOLD pay dividends?

As of March 15, 2026, the Harbor Alpha Layering ETF (HOLD) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

Investors seeking dividend income may want to consider other equity ETFs that have a history of paying dividends. It is important to note that dividend yields can fluctuate over time and are not guaranteed.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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