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Harbor Osmosis International Resource Efficient ETF Q4 2025 Commentary
During the fourth quarter, the Harbor Osmosis International Resource Efficient ETF returned 6.68% outperforming the benchmark, the MSCI World ex US Index, which returned 5.20%. Global equities delivered more mixed performance, with gains concentrated in large-cap technology and Artificial Intelligence-linked names, while market breadth weakened. Sector-level Brinson attribution analysis demonstrated a negative return from the allocation effect but a large positive selection effect.