Harbor Transformative Technologies ETF

TEC

Valor de mercado US$ 6,54 mi

TEC:CA is the top Canadian ETF for broad-based, liquid U.S. tech and AI exposure, closely tracking its benchmark with low fees. TEC:CA's unhedged structure benefits from USD appreciation and offers superior liquidity versus Canadian peers, making it a core holding for tech allocation. Despite recent volatility and AI CapEx concerns, resilient ad spend, strong consumer data, and big tech's CapEx flexibility support a bullish stance into Q4.

TEC:CA is the top Canadian ETF for broad-based, liquid U.S. tech and AI exposure, tracking the Solactive Global Technology Leaders Index. TEC:CA offers strong liquidity, low fees (0.39% expense ratio), and effective benchmark tracking, outperforming less liquid Canadian tech ETFs. Entering Q2 earnings, robust ad spend, resilient consumer demand, and flexible big tech CapEx position TEC:CA for continued strength despite macro/geopolitical risks.

During the first quarter, the Harbor Transformative Technologies ETF returned -8.80% (NAV), underperforming its benchmark, the Nasdaq-100 Total Return Index, which returned -5.82%. Keysight Technologies advanced amid record orders, margin expansion, and accelerating demand tied to AI data center and semiconductor testing. The ETF initiated a position in Palantir Technologies, a leading provider of AI and data platforms that help organizations integrate information and operationalize decisions.

During the fourth quarter, the Harbor Transformative Technologies ETF returned 1.88% (NAV), underperforming its benchmark, the Nasdaq 100 Total Return Index, which returned 2.47%. Harbor Transformative Technologies ETF holdings in Information Technology and Communication Services underperformed, while holdings in the Consumer Discretionary sector and the electronic equipment industry added value. Taiwan Semiconductor shares rose on record profitability as AI demand continues to exceed expectations.

TD Global Technology Leaders Index ETF is the top broad-based, low-fee Canadian tech ETF for U.S. tech and AI exposure. TEC:CA offers strong liquidity, a reasonable 0.39% expense ratio, and closely tracks its benchmark with leading holdings in NVDA, MSFT, and AAPL. TEC:CA outperforms peers like FHQ:CA and XQQ:CA, benefiting from its unhedged structure and global large-cap tech focus.

TEC:CA offers broad-based, low-fee, and highly liquid exposure to global technology stocks, making it the top tech ETF choice in Canada. The fund closely tracks its benchmark, outperforms peers, and maintains significant weights in U.S. tech giants like NVDA, MSFT, and AAPL. With a Sharpe ratio of 1.3 and a reasonable 0.39% expense ratio, TEC:CA delivers strong risk-adjusted returns and efficient tech sector exposure.

On Thursday, Harbor Capital Advisors expanded its fund selection with the release of the Harbor Transformative Technologies ETF (TEC).  TEC's objective is to offer long-term capital growth for its investment community.