Harbor Human Capital Factor Unconstrained ETF (HAPY)
HAPY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Feb 24, 2022
- CIK
- 0001860434
- Similar Companies
- Business
- Harbor Corporate Culture Leaders ETF (HAPY) is an exchange-traded fund that seeks investment results corresponding to the performance of the Human Capital Factor Unconstrained Index before fees and expenses. The fund invests at least 80% of its assets in equity securities of large-cap U.S. companies demonstrating high employee engagement and motivation, as measured by proprietary Human Capital Factor scores from Irrational Capital LLC; these scores quantitatively assess corporate culture's impact on financial performance using behavioral science, data science, and over 500 million data points from employee surveys and public sources across more than 2,200 public firms. Launched on February 23, 2022, HAPY operates in the equity asset class with a focus on socially conscious, outcome-oriented strategies linking strong employer-employee relationships to potential equity alpha, and it is managed by Harbor Capital Advisors, Inc., headquartered at 111 South Wacker Drive in Chicago, Illinois. HAPY provides intra-day liquidity, tax efficiency through in-kind redemptions, and transparency via daily holdings disclosure, with a management fee of 0.50% and no leverage or options trading. The underlying index offers equal-weighted exposure to U.S. large-cap leaders in human capital, targeting investors interested in the premise that robust corporate culture drives superior business fundamentals and stock returns. Harbor Capital Advisors, founded in 1983, serves as the investment adviser through Harbor ETF Trust, partnering with Irrational Capital as the index provider to deliver this data-driven thematic ETF within its broader suite of active, cost-aware strategies. In recent developments, HAPY paid its latest dividend of $0.205 per share on December 20, 2024, contributing to an annual yield of approximately 0.86%, amid ongoing portfolio management by a team including Stephen Cook, James Erceg, and Elizabeth Despain (added March 2025). Harbor Capital expanded its human capital-themed offerings with the launch of the related Harbor Human Capital Factor US Large Cap ETF (HAPI) in October 2022, powered by a similar Irrational Capital methodology, underscoring deepened strategic alliance in corporate culture investing. However, the fund faces closure, scheduled to liquidate at the close of business on or about September 18, 2025, with net assets recently at approximately $3.67 million as of late 2025.