Harbor Ares Systematic High Yield ETF (SIHY)
SIHY
New York Stock Exchange Arca- -
USD
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- -
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 - Bonds
- Address
- 111 South Wacker Drive, 34th Floor Chicago IL United States of America 60606
- IPO Date
- Sep 16, 2021
- CIK
- 0001860434
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Scientific Alpha High-Yield ETF (SIHY) is an actively managed exchange-traded fund that seeks total returns in excess of the ICE BofA US High Yield Index through a proprietary scientific investment process focused on security selection within the below-investment-grade, U.S. dollar-denominated high-yield corporate bond market; it employs model-based alpha forecasts derived from economic intuition, equity prices, earnings outlooks, profitability trends, relative value, fundamentals, and business stability signals to curate high-breadth insights, followed by portfolio optimization that maximizes forecasted alpha while minimizing market, sector, curve, and issuer concentration risks as well as transaction costs and liquidity constraints. The ETF, subadvised by BlueCove Limited—a London-based scientific fixed income manager founded in 2018 that emphasizes data-driven, evidence-based active management with custom technology—lists on the NYSE under ticker SIHY (CUSIP 41151J109), carries a gross expense ratio of 0.48%, and targets institutional and retail investors seeking risk-controlled high-yield exposure with downside mitigation and upside participation relative to its benchmark. Harbor Capital Advisors, Inc., the Chicago-based investment adviser founded in 1983 and headquartered at 111 South Wacker Drive, 34th Floor, serves as the primary sponsor and manager, distributing the ETF through Foreside Fund Services, LLC, with Jane Street as lead market maker. Launched on September 14, 2021, SIHY operates primarily in U.S. markets but may include securities of foreign issuers denominated in USD, encompassing high-yield bonds rated split BBB and below. Recent developments include the February 2023 merger of Harbor's High-Yield Bond Fund (HYFAX) into SIHY, marking the industry's first mutual fund-to-existing ETF conversion and adding approximately $117 million in assets while reducing the expense ratio from 0.65%; additionally, subadviser BlueCove announced a strategic minority equity investment from Ares Management Corporation in February 2023—with Ares gaining an option for control over a multi-year term—that has since supported BlueCove's AUM tripling to $5.5 billion as of early 2025.