The Harbor Health Care ETF is managed by Westfield Capital Management, Company, L.P. (Westfield or the Subadvisor). Westfield employs a bottom-up approach to select primarily U.S. listed health care companies that meet stringent fundamental criteria. They then conduct a qualitative review of each chosen company to compose a portfolio of approximately 30 to 50 firms for the ETF. Westfield considers various factors, including valuation, competitive advantage, market potential, financial metrics, capital structure, and management performance when conducting their research. The Subadvisor focuses on identifying health care companies with superior management, significant insider ownership, unique market positions, broad market opportunities, and robust financial controls and accounting processes. They may sell a security if it reaches or falls below a predetermined price target, if there is a negative impact on the original investment thesis, or if a more attractive investment opportunity is identified. It's important to note that the Harbor Health Care ETF is classified as non-diversified, which means it may invest in a smaller number of issuers compared to a diversified fund. Additionally, the ETF concentrates its investments in the health care industry or related sectors, holding more than 25% of its total assets in these areas.
The MEDI ETF, which tracks a basket of healthcare and pharmaceutical companies, offers investors a chance to benefit from dividend distributions. MEDI's dividend eligibility is determined by the dividend policies of its constituent companies. Typically, dividend distributions are made on a quarterly basis, reflecting the performance of the healthcare sector and the dividend policies of the included companies. While MEDI focuses primarily on healthcare sector exposure, investors can still enjoy potential dividend returns alongside potential capital appreciation.
The Harbor Health Care ETF primarily tracks equity securities, including common and preferred stocks, of companies engaged in the health care industry. This includes manufacturers of health care equipment and supplies, health care services providers, pharmaceutical companies, biotechnology and life sciences companies, and technology suppliers to health care firms. The fund aims to invest at least 80% of its net assets in such health care companies. Westfield Capital Management, the subadvisor, employs a rigorous bottom-up approach to select approximately 30 to 50 health care companies for the fund's portfolio. It emphasizes factors like superior management, insider ownership, market position, and financial controls when constructing the portfolio, making it a compelling option for investors seeking exposure to the health care sector.
The correlation aspect of the Harbor Health Care ETF revolves around its close ties to the health care industry. As this ETF primarily invests in equity securities of companies engaged in health care research, development, production, or distribution, its correlation is notably influenced by the performance of the health care sector. Investors can expect its correlation to be particularly strong with health care equipment and services providers, pharmaceutical companies, biotechnology firms, and other related entities. Analyzing this correlation can aid investors in understanding how the ETF responds to health care industry trends and can be an essential tool for healthcare-focused portfolio management.
The Harbor Health Care ETF primarily invests in equity securities of companies engaged in the research, development, production, or distribution of products and services related to the health care industry. This includes a wide range of health care companies such as manufacturers of health care equipment, pharmaceutical companies, biotechnology firms, and health care services providers. The ETF may also invest in foreign securities, although such investments typically represent less than 35% of the fund's net assets. With a focus on the health care sector, investors in this ETF gain exposure to a diverse array of companies contributing to the health and well-being of individuals worldwide.
The Harbor Health Care ETF primarily focuses on equity securities, including common and preferred stocks, across various market capitalizations. This ETF's exposure centers on companies engaged in the health care industry, encompassing a wide range of sectors such as health care equipment and supplies manufacturing, health care services, pharmaceuticals, biotechnology, and life sciences. It may also invest in foreign securities, typically comprising less than 35% of its net assets. To determine its portfolio, the ETF's subadvisor, Westfield Capital Management, employs a rigorous bottom-up approach, selecting 30 to 50 U.S.-listed health care companies that meet strict fundamental criteria. These chosen companies are expected to exhibit qualities like superior management, significant insider ownership, unique market positions, broad market opportunities, and robust financial controls. Additionally, the fund is classified as non-diversified and concentrates its investments within the health care industry or related sectors, making it a targeted investment option for those seeking exposure to the health care sector.
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