SIFI Fees and Costs — Harbor Scientific Alpha Income ETF
Data updated: 2026-09-25
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 59%.
SIFI Fees and Expenses
Annual operating expenses and sales charges of SIFI. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
SIFI Costs Over Time
On $10,000 invested in SIFI, assuming 5% a year before costs, total costs come to $320 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $320 |
| Value after costs | $10,447 | $11,401 | $12,443 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
SIFI 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): 0.0067%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $36.0M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
SIFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 100.00% |
SIFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MarketAxess Corporation | $7.3M | 21.33% |
| Barclays Capital Inc. | $5.5M | 16.12% |
| Morgan Stanley & Co. LLC | $4.4M | 12.91% |
| J.P. Morgan Securities LLC | $4.1M | 11.95% |
| Goldman Sachs & Co. LLC | $3.2M | 9.36% |
| BNY Capital Markets, LLC | $2.8M | 8.14% |
| Jefferies LLC | $2.6M | 7.43% |
| Citigroup Global Markets Inc. | $1.9M | 5.50% |
| BofA Securities, Inc. | $1.7M | 4.86% |
| RBC Capital Markets, LLC | $826K | 2.40% |
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.