ETF Evaluator:
Harbor Osmosis Em Mkts Res Efficient ETF (EFFE)
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(as of Jul 30)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 137.8% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 92.9% | FT EM Human Flourishing ETF (FTHF) |
| 82.9% | Freedom 100 Emerging Markets ETF (FRDM) |
| 75.3% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 70.8% | Strive Emerging Markets Ex-China ETF (STXE) |
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ETF Details
Harbor Osmosis Em Mkts Res Efficient ETF Overview
Harbor Osmosis Em Mkts Res Efficient ETF (EFFE) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2024.
The investment seeks long-term growth of capital.
The fund seeks to achieve its investment objective through active exposures to equity securities of resource efficient large- and mid-capitalization public companies located in emerging markets. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in resource efficient emerging markets companies.
About Harbor Osmosis Em Mkts Res Efficient ETF (EFFE)
There are 2 members of the management team with an average tenure of 0.89 years: Alex Stephen (2024) and Fadi Zaher (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Harbor Osmosis Em Mkts Res Efficient ETF has 110 securities in its portfolio. The top 10 holdings constitute 35.8% 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 Osmosis Em Mkts Res Efficient ETF is part of the Equity global asset class and is within the International Equity ETF group. Harbor Osmosis Em Mkts Res Efficient ETF has 96.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.2% There is 96.5% allocated to foreign stock, and 0.1% 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 Osmosis Em Mkts Res Efficient ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $140 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts 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.
EFFE 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 Osmosis Em Mkts Res Efficient ETF expense ratio is above average compared to funds in the Diversified Emerging Mkts category. Harbor Osmosis Em Mkts Res Efficient ETF has an expense ratio of 0.69%, which is 33% higher than its category average, making the fund expense ratio grade a D. 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 Osmosis Em Mkts Res Efficient ETF has a portfolio turnover rate of 123%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of June 2026, Harbor Osmosis Em Mkts Res Efficient ETF returned -5.0%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of -1.0%. 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 Osmosis Em Mkts Res Efficient ETF has a trailing yield of 4.00%, which is above the 2.36% 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 Osmosis Em Mkts Res Efficient ETF Grades
Year to date, the ETF has returned 17.3%, 3.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.7% over the past year (grade of D).
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EFFE 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 |
|
| EFFE Return (NAV) | -5.0% | 22.6% | 25.7% | na | na | na |
| EFFE Return (Price) | 1.3% | 23.7% | 38.4% | na | na | na |
| NAV +/- Price Return | -6.286% | -1.064% | -12.679% | na | na | na |
| Diversified Emerging Mkts Avg | -1.0% | 19.4% | 37.6% | 19.9% | 6.5% | 8.4% |
| EFFE Grade (NAV) | F | C | D | na | na | na |
| +/- Category (NAV) | -3.9% | 3.2% | -11.9% | na | na | na |
| EFFE Tax-Cost Ratio | na | na | 1.8% | na | na | na |
EFFE Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EFFE Return (NAV) | 17.3% | 22.1% | na | na | na | na | na | na | na | na | na |
| EFFE Return (Price) | 20.7% | 25.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.196% | 0.155% | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 21.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| EFFE Grade (NAV) | D | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -3.8% | -7.1% | 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: | 4.0% |
| Total Assets: | $ 140 Mil |
| Share Class Assets: | $ 140 Mil |
| Turnover: | 123.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Stephen Alex (2024), Zaher Fadi (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 110 |
| % in Top 10 Holdings: | 35.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.5% |
Portfolio Allocation |
|
| Domestic Stock: | 3.2% |
| Foreign Stock: | 96.5% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | December 18, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
