Harbor Disruptive Innovation ETF
INNO
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
- DE United States of America
- IPO Date
- Dec 2, 2021
- CIK
- 0001281845
- Similar Companies
- Business
- Harbor Disruptive Innovation ETF (INNO) is an actively managed exchange-traded fund that seeks long-term capital growth by investing primarily in equity securities, principally common stocks, of U.S. and global companies with growth potential tied to disruptive innovation. Disruptive innovation is defined as the development of new products, services, technologies, or advancements that have the potential to disrupt and displace existing businesses and models over time; the fund employs a multi-manager, multi-strategy approach, allocating across specialized asset managers to achieve diversification across sectors, market capitalizations, and regions, with up to 25% of assets in foreign securities including emerging markets. It offers investors exposure to leading-edge companies transforming industries such as technology and beyond through concentrated equity allocations selected for their innovative potential. Launched on December 1, 2021, by Harbor Capital Advisors, Inc., the fund is part of the Harbor ETF Trust and trades on the NYSE Arca exchange under the ticker INNO, with Harbor Capital Advisors headquartered in Chicago, Illinois, serving as the adviser responsible for portfolio construction and risk management. In a significant recent development announced on November 22, 2024, Harbor Capital Advisors elected to liquidate the INNO ETF at the close of business on or about December 19, 2024, as part of its ongoing review of products to align with client needs; this operational change results from Harbor's assessment that the fund no longer meets strategic objectives despite confidence in the underlying managers and processes, with shareholders receiving cash proceeds in liquidation.