Harbor SMID Cap Core ETF

EPSB

Market cap $4.77M

In the first quarter of 2026, the Harbor SMID Cap Core ETF returned 6.96% (NAV), outperforming its benchmark, the Russell 2500® Index, which returned 2.04%. Performance was driven primarily by stock selection, with Information Technology and Materials as notable contributors, as investors increasingly favored companies with strong fundamentals and earnings durability. Shares of Albemarle Corporation gained approximately 27% during the quarter as investor sentiment improved following a prolonged period of lithium price correction through 2024–2025.

In the fourth quarter of 2025, the Harbor SMID Cap Core ETF returned 1.13% (NAV), underperforming its benchmark, Russell 2500® Index, which returned 2.22%. Health Care was the best-performing sector in the quarter, rising nearly 17% and outperforming Consumer Staples, the worst-performing sector, by over 2,300 basis points. Raymond James shares declined by 7.0% despite adjusted earnings exceeding expectations by 10%, reflecting investor focus on near-term margin pressure rather than underlying momentum.