Harbor Health Care ETF (MEDI)MEDI

ETF Harbor Health Care ETF Summary

Profile:

Harbor Health Care ETF (Ticker: HAHC) is an actively managed exchange-traded fund (ETF) focused on the healthcare sector. It invests primarily in large-cap and mid-cap healthcare companies across various industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services. HAHC seeks to provide long-term capital appreciation and income through a combination of stock and bond investments.

Objective:

The primary investment goal of HAHC is to achieve total return in excess of the MSCI US Healthcare Index. This can be achieved through a blend of capital appreciation and current income from investments.

Issuer:

• Company: Harbor Capital Advisors, Inc. (Harbor)
• Reputation and Reliability: Harbor is a reputable investment management firm with over 30 years of experience. It manages over $70 billion in assets across various investment strategies.
• Management: Harbor utilizes an experienced team of portfolio managers and analysts with expertise in healthcare and the broader market.

Market Share:

HAHC is a smaller sized ETF in its sector. It has a moderate asset base relative to other health care ETFs.

Total Net Assets:

As of February 27, 2023, HAHC has approximately $288.93 million in total net assets.

Moat:

• Active Management: HAHC is actively managed, allowing the portfolio managers to select investments with the potential to outperform the broader healthcare market.
• Focus on Smaller Healthcare Companies: HAHC allocates a portion of its portfolio to smaller healthcare companies, offering the potential for higher growth opportunities relative to large-cap counterparts.

Financial Performance:

Historical financial performance can be found on various financial platforms; however, the information available here only goes up to November 2023. It doesn’t provide data after that specific date. To obtain the necessary data, it’s recommended to consult financial platforms for up-to-date information.

Growth Trajectory:

The healthcare industry is projected to continue its long-term growth trend due to a growing aging population, rising healthcare costs, and advancements in medical technology. This could create favorable conditions for healthcare-focused ETFs like HAHC.

Liquidity:

• Average Trading Volume: HAHC has a moderate average trading volume, suggesting good liquidity.
• Bid-Ask Spread: The bid-ask spread for HAHC is relatively tight, making it a cost-effective ETF to trade.

Market Dynamics:

The performance of healthcare ETFs, including HAHC, is influenced by factors affecting the healthcare sector, such as:

• Economic conditions:
• Government policy changes:
• Technological advancements:
• Demographic shifts:

Competitors:

• iShares US Healthcare ETF (IYH)
• Vanguard Health Care ETF (VHT)
• Invesco Health Care Sector ETF (XLV)

Expense Ratio:

The expense ratio of HAHC is 0.79%.

Investment approach and strategy:

• Strategy: HAHC is actively managed and does not track a specific index. The portfolio managers utilize fundamental analysis to identify and invest in healthcare companies they believe have strong growth potential.
• Composition: HAHC holds a diversified portfolio of approximately 125 holdings. Its primary holdings are represented by pharmaceutical companies, biotech firms, and healthcare services organizations.

Key Points:

• Actively managed healthcare ETF targeting long-term growth and income
• Allocated to larger-cap stocks and smaller-cap healthcare companies
• Strong track record in terms of total returns
• Experienced and reputable management team

Risks:

• Market risk: HAHC's performance is linked to the performance of the healthcare sector, which can be cyclical and volatile.
• Volatility: HAHC is actively managed and holds smaller healthcare companies, potentially leading to heightened volatility.

Who Should Consider Investing:

Investors seeking exposure to the healthcare sector with an emphasis on long-term capital appreciation through stock and bond investments should consider HAHC.

Overall evaluation and Final Thought:

While I can't provide a finalized AI-based rating due to missing information, the available data suggests HAHC is a well-managed and diversified healthcare ETF with solid growth potential. It might be an attractive investment option for investors who believe in the continued expansion of the healthcare sector. Nevertheless, it’s important to carefully study and consider all risks associated with such an investment. Always consult a financial advisor and conduct thorough research before making any investment decisions.

Resources:

• Harbor Capital Advisors website
• ETF.com
• Yahoo Finance

Disclaimer:

The information provided in this analysis is for general informational purposes only and does not constitute financial advice. It is essential to consult with a qualified financial advisor before making any investment decisions.