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INNO ETF — Holdings & Analysis

The Harbor Disruptive Innovation ETF (INNO) is an equity ETF with $0.00B in assets under management and an expense ratio of 0.75%. INNO focuses on companies with high growth potential tied to disruptive innovation, primarily investing in U.S. companies but with the ability to allocate up to 25% to foreign securities. The fund's strategy targets businesses that are developing new products, services, technologies, and advancements poised to disrupt existing business models.

Harbor Disruptive Innovation ETF (INNO) ETF — Price, Holdings & Analysis

The Harbor Disruptive Innovation ETF (INNO) is an equity ETF with $0.00B in assets under management and an expense ratio of 0.75%. INNO focuses on companies with high growth potential tied to disruptive innovation, primarily investing in U.S. companies but with the ability to allocate up to 25% to foreign securities. The fund's strategy targets businesses that are developing new products, services, technologies, and advancements poised to disrupt existing business models.

ETF Overview

Under normal market conditions, the fund invests primarily in equity securities, principally common stocks, of companies selected based on their potential for growth tied to disruptive innovation. The adviser defines “disruptive innovation” as the development of new products, services, technologies and/or other advancements that could disrupt and displace existing businesses and business models over time. While the fund invests primarily in securities of U.S. companies, it may invest up to 25% of its assets in foreign securities, including those located in emerging market countries.
The Harbor Disruptive Innovation ETF (INNO) seeks to invest in companies that demonstrate significant potential for growth through disruptive innovation. This means the fund targets businesses developing new products, services, technologies, or other advancements that could displace existing businesses and business models. While the fund primarily invests in U.S. companies, it has the flexibility to allocate up to 25% of its assets to foreign securities, including those in emerging markets, providing some international exposure. The ETF's top holdings reflect this focus, with significant allocations to companies like Shopify Inc (4.07%), NVIDIA Corp (4.00%), and ServiceNow Inc (3.71%). Sector allocation is heavily weighted towards Technology at 58.8%, followed by Communication Services (12.0%) and Consumer Cyclical (10.3%). This concentrated approach suggests the fund is designed for investors seeking exposure to high-growth, innovative companies, with a tilt towards the technology sector.

Risk Metrics

Investing in INNO involves several risks. The fund's focus on disruptive innovation means it invests in companies that may be unproven or have volatile business models, which can lead to higher price swings. The significant allocation to the technology sector (58.8%) exposes the fund to sector-specific risks, where a downturn in the technology industry could disproportionately affect its performance. With only 6 holdings, INNO exhibits significant concentration risk; the performance of a few key holdings can substantially impact the overall fund performance. The expense ratio of 0.75% is higher than some broad market equity ETFs, which can create a drag on returns, especially in periods of underperformance. Past performance does not guarantee future results.

Expense Ratio

0.75%

Top Holdings

Sector Allocation

  • Technology: 58.8%
  • Communication Services: 12.0%
  • Consumer Cyclical: 10.3%
  • Healthcare: 7.5%
  • Industrials: 4.8%
  • Financial Services: 3.5%
  • Basic Materials: 2.6%
  • Utilities: 0.7%
  • Other: 100.0%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is INNO and what does it track?

The Harbor Disruptive Innovation ETF (INNO) is an actively managed equity ETF that focuses on investing in companies believed to have high growth potential through disruptive innovation. The fund seeks to identify companies developing new products, services, technologies, and other advancements that could disrupt existing businesses and business models. INNO primarily invests in U.S. companies but can allocate up to 25% of its assets to foreign securities. The fund's top holdings include companies like Shopify Inc, NVIDIA Corp, and ServiceNow Inc, reflecting its focus on innovative and high-growth sectors.

What is the expense ratio for INNO?

The expense ratio for the Harbor Disruptive Innovation ETF (INNO) is 0.75%. This means that for every $10,000 invested in the fund, $75 is used to cover the fund's operating expenses. While there isn't a specific category average readily available for 'disruptive innovation' ETFs, the expense ratio is higher than broader equity ETFs, which often have expense ratios around 0.44%. this may be worth researching expense ratio when evaluating the fund's potential returns.

What are the top holdings in INNO?

The top holdings in the Harbor Disruptive Innovation ETF (INNO) are: Shopify Inc Registered Shs -A- Subord Vtg (4.07%), NVIDIA Corp (4.00%), ServiceNow Inc (3.71%), Alphabet Inc Class C (3.17%), and Cadence Design Systems Inc (3.14%). These companies represent a significant portion of the fund's assets and reflect its focus on disruptive innovation within the technology and related sectors. The fund's performance is closely tied to the performance of these key holdings.

Is INNO a good long-term investment?

Whether INNO is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. The fund focuses on disruptive innovation, which can offer high growth potential but also carries significant risk. The fund's expense ratio of 0.75% should be considered, as it can impact long-term returns. The fund's beta is currently 0.00. Past performance does not guarantee future results. Investors should carefully evaluate these factors before making a decision.

How does INNO compare to similar ETFs?

INNO differentiates itself through its specific focus on disruptive innovation and its active management approach. Compared to passively managed ETFs, INNO has a higher expense ratio of 0.75%. The fund's AUM is $0.00B, which is relatively small and could impact liquidity. Other innovation-focused ETFs may have different sector allocations, expense ratios, and investment strategies, so investors should compare these factors carefully to determine the best fit for their portfolio.

Does INNO pay dividends?

The Harbor Disruptive Innovation ETF (INNO) currently has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. The fund's focus is primarily on capital appreciation through investments in disruptive innovation companies.