HAPS Fees and Costs — Harbor Human Capital Factor US Small Cap ETF
Data updated: 2026-09-25
The net expense ratio is 0.61%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $121K in broker commissions, 0.0911% of average net assets, and portfolio turnover was 75%.
HAPS Fees and Expenses
Annual operating expenses and sales charges of HAPS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HAPS Costs Over Time
On $10,000 invested in HAPS, assuming 5% a year before costs, total costs come to $441 over 5 years, cutting the return by 0.74% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $200 | $349 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $441 |
| Value after costs | $10,426 | $11,334 | $12,322 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
HAPS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0911%
- Total broker commissions: $121K
- Bought from dealers (principal trades, not a cost): $146.2M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
HAPS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $90K | 74.78% |
| Virtu Americas LLC | $17K | 14.38% |
| Goldman Sachs & Co. LLC | $13K | 10.84% |
HAPS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $146.2M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.