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ETFs

Harbor Scientific Alpha Income ETF

SIFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 13 2021
Expense Ratio
0.50%
Type
Global Bonds
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$1,269
AUM
$31,447,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash and Other Assets Less Liabilities
6.30%
LB35
Bath & Body Works Inc - 6.875% NT REDEEM 01/11/2035 USD 2000
1.20%
CMPR5535140
CIMPRESS PLC
1.20%
VGR5110962
VECTOR GROUP LTD
1.10%
XRX5025993
XEROX HOLDINGS CORP
1.10%
OTEX4947566
OPEN TEXT CORP
1.10%
VSTE5180249
VISTRA OPERATIONS CO LLC
1.10%
RCL5463204
ROYAL CARIBBEAN CRUISES
1.00%
OTEX5503972
OPEN TEXT CORP
1.00%
WFT5281359
WEATHERFORD INTERNATIONA
1.00%
Invest with SIFI

What is SIFI?

The Fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The Fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The Fund may also invest in the securities of foreign issuers, including emerging market bonds. The Fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securities that BlueCoveLimited (the Subadviser ) considers to be of an equivalent credit quality. The Subadviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating.

ETFs related toSIFI

ETFs correlated to SIFI include PHB, CGMS, UJB

SIFI
Harbor ETF Trust - Harbor Scientific Alpha Income ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
JPIE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Income ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSIFI

#SD

Smarter Dividends

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Create your own algorithmic trading strategy with SIFI using Composer

FAQ

SIFI is a Global Bonds ETF. The Fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The Fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The Fund may also invest in the securities of foreign issuers, including emerging market bonds. The Fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securities that BlueCoveLimited (the Subadviser ) considers to be of an equivalent credit quality. The Subadviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating.

Yes, SIFI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SIFI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SIFI is 0.0001%. This is the percent change in the value of SIFI over the most recent 1-month period. The 3-month return on SIFI is 0.0051%. This is the percent change in the value of SIFI over the most recent 3-month period.

The standard deviation of SIFI for the past year is 0.0541%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SIFI include GVI, BLV, and BSV.

ETFs correlated to SIFI include PHB, CGMS, and UJB.

ETFs that are inversely correlated to SIFI include SJB, EFZ, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.