Harbor AlphaEdge Small Cap Earners ETF (EBIT)
EBIT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Jul 11, 2024
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor AlphaEdge Small Cap Earners ETF (EBIT) is an exchange-traded fund that seeks to provide investment results corresponding, before fees and expenses, to the performance of the proprietary Harbor AlphaEdge Small Cap Earners Index, focusing on U.S. small-cap companies demonstrating consistent profitability over the past twelve quarters; the index employs a modified profitability weighting methodology derived from the Russell 2000 universe, excluding unprofitable firms to emphasize high-quality earners across sectors such as financials, industrials, consumer discretionary, energy, and real estate. Launched on July 9, 2024, and domiciled in the United States with a net expense ratio of 0.29%, EBIT trades on NYSE Arca and targets investors seeking small value equity exposure with reduced risk from non-earners. The ETF, managed by Harbor Capital Advisors, Inc., headquartered in Chicago, Illinois, maintains assets under management of approximately $10 million and features a portfolio concentrated in profitable small-cap equities, including top holdings like Navient Corp., Lumen Technologies Inc., and Jackson Financial Inc. Harbor Capital Advisors expanded its AlphaEdge ETF suite in September 2024 with the launch of the Harbor AlphaEdge Large Cap-Value ETF (VLLU) and Harbor AlphaEdge Next Generation REITs ETF (AREA), alongside EBIT, leveraging proprietary index strategies developed by its Multi-Asset Solutions Team to address client demands for differentiated small-cap solutions amid concerns over profitability in benchmarks like the Russell 2000. These launches reflect Harbor's strategic focus on self-indexing products and systematic workflows for index construction, maintenance, and research, with no reported acquisitions, funding rounds, or reorganizations specific to EBIT in the past year. The ETF operates within the broader U.S. equity small value segment, serving financial advisors and investors prioritizing repeatable alpha generation from small-cap earners primarily in the United States.