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MAPPHarbor Multi-Asset Explorer ETF

Diversifier2y track recordRanked #209 of 240 in this goal

Seeks long-term total return while limiting downside risk.

By Harbor Capital Advisors Inc · Launched 2023

Annual Cost

0.80%

#4,189 of 5,562 · expensive

Fund Size

$11M

#4,710 of 5,562 · small

Return (1Y)Goal

+18.7%

Track Record

2 years

#3,153 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,924+19.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Mixed asset

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 74.0% of fund✓ diversified through underlying funds

iShares Core S&P 500 ETF
17.8%
iShares Core MSCI Emerging Markets ETF
11.0%
SPDR Gold MiniShares Trust
8.9%
Vanguard Emerging Markets Government Bond ETF
7.9%
Vanguard FTSE Europe ETF
5.6%
State Street Technology Select Sector SPDR ETF
5.3%
Franklin FTSE Japan ETF
5.2%
Invesco Nasdaq 100 ETF
4.5%
State Street Communication Services Select Sector SPDR ETF
4.2%
Franklin FTSE United Kingdom ETF
3.7%

Asset allocation

Stocks
49.6%
Bonds
35.0%
Cash
8.4%
Other
7.0%

By sector

Technology
37.0%
Financial Services
14.6%
Communication
11.8%
Consumer Defensive
8.7%
Consumer Cyclical
7.5%
Industrials
7.2%
Healthcare
5.3%
Basic Materials
2.7%
Other
5.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.7%Low

Year-on-year price swings

Max drawdown
-12.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

5.3 years

Avg maturity

9.8 years

Credit ratings

US Government
19.4%
AAA
33.9%
AA
3.2%
BBB
1.0%
BB
29.4%
B
27.8%
Below B
4.5%
Other
0.3%

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term total return while limiting downside risk.
Strategy
Allocates assets among various classes and sectors based on global economic conditions, primarily through diversified ETFs. Invests in equities, fixed income, REITs, commodities, and may use derivatives for commodity exposure. Employs a systematic model for asset allocation driven by business cycle regimes, balancing systematic and discretionary analysis.
Inception date
September 13, 2023
Fund family
Harbor Capital Advisors Inc

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
90.1%
TE
3.5%
Beta
1.09
Fee
5× 0.17%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19