ETF Evaluator:
Harbor AlphaEdge Small Cap Earners ETF (EBIT)
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(as of Jul 31)
Best Performing in Small Value Over the Last Year
| 46.7% | Harbor SMID Cap Value ETF (EPSV) |
| 45.4% | EA Bridgeway Omni Small-Cap Value ETF (BSVO) |
| 44.7% | Invesco S&P SmallCap 600® Pure Value ETF (RZV) |
| 43.5% | Avantis US Small Cap Equity ETF (AVSC) |
| 43.0% | Vanguard Russell 2000 Value ETF (VTWV) |
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ETF Details
Harbor AlphaEdge Small Cap Earners ETF Overview
Harbor AlphaEdge Small Cap Earners ETF (EBIT) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2024.
The investment seeks to provide investment results that correspond, before fees and expenses, to the performance of the Harbor AlphaEdge™ Small Cap Earners Index.
The fund invests at least 80% of its total assets in securities that are included in the index. The index is designed to deliver exposure to equity securities of small cap U.S. companies that are profitable, or “small cap earners,” based on the index provider’s methodology.
About Harbor AlphaEdge Small Cap Earners ETF (EBIT)
There are 3 members of the management team with an average tenure of 1.76 years: Stephen Cook (2024), James Erceg (2024) and Elizabeth Despain (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Harbor AlphaEdge SmallCap Earners TR USD index with a weighting of 100%. Harbor AlphaEdge Small Cap Earners ETF has 649 securities in its portfolio. The top 10 holdings constitute 8.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Harbor AlphaEdge Small Cap Earners ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Harbor AlphaEdge Small Cap Earners ETF has 3.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.8% There is 3.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harbor AlphaEdge Small Cap Earners ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $2 billion average for the Small Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EBIT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Harbor AlphaEdge Small Cap Earners ETF expense ratio is below average compared to funds in the Small Value category. Harbor AlphaEdge Small Cap Earners ETF has an expense ratio of 0.29%, which is 39% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Harbor AlphaEdge Small Cap Earners ETF has a portfolio turnover rate of 49%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Small Value category.
Recently, in the month of June 2026, Harbor AlphaEdge Small Cap Earners ETF returned 6.2%, which earned it a grade of B, as the Small Value category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Harbor AlphaEdge Small Cap Earners ETF has a trailing yield of 1.67%, which is below the 1.78% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Harbor AlphaEdge Small Cap Earners ETF Grades
Year to date, the ETF has returned 19.3%, 1.2 percentage points better than the category, which translates into a grade of C. The fund has returned 30.4% over the past year (grade of C).
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EBIT Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EBIT Return (NAV) | 6.2% | 14.1% | 30.4% | na | na | na |
| EBIT Return (Price) | 6.0% | 13.9% | 31.7% | na | na | na |
| NAV +/- Price Return | 0.221% | 0.204% | -1.302% | na | na | na |
| Small Value Avg | 4.6% | 13.4% | 30.2% | 15.0% | 8.0% | 10.5% |
| EBIT Grade (NAV) | B | C | C | na | na | na |
| +/- Category (NAV) | 1.6% | 0.7% | 0.2% | na | na | na |
| EBIT Tax-Cost Ratio | na | na | 0.8% | na | na | na |
EBIT Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EBIT Return (NAV) | 19.3% | 6.9% | na | na | na | na | na | na | na | na | na |
| EBIT Return (Price) | 18.9% | 6.9% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.017% | -0.003% | na | na | na | na | na | na | na | na | na |
| Small Value Avg | 18.1% | 6.8% | 7.8% | 17.3% | -10.6% | 32.4% | 3.3% | 21.6% | -12.0% | 9.8% | 29.7% |
| EBIT Grade (NAV) | C | C | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.2% | 0.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 12 Mil |
| Share Class Assets: | $ 12 Mil |
| Turnover: | 49.0% |
| Expense Ratio: | 0.29% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Cook Stephen (2024), Erceg James (2024), Despain Elizabeth (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 649 |
| % in Top 10 Holdings: | 8.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.1% |
Portfolio Allocation |
|
| Domestic Stock: | 96.8% |
| Foreign Stock: | 3.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | July 9, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
