ETF Evaluator:
Harbor Short Term Treasury ETF (HBIL)
Follow This ETF
(as of Sep 17)
Best Performing in Short Government Over the Last Year
| 16.7% | SoFi Enhanced Yield ETF (THTA) |
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| 3.7% | Xtrackers US 0-1 Year Treasury ETF (TRSY) |
| 3.4% | F/m US Treasury 12 Month Bill ETF (OBIL) |
| 3.4% | BondBloxx Bloomberg One YrTrgDurUSTrsETF (XONE) |
Risk
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Risk
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ETF Details
Harbor Short Term Treasury ETF Overview
Harbor Short Term Treasury ETF (HBIL) is an actively managed Taxable Bond Short Government exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2026.
The investment seeks to provide exposure, before fees and expenses, generally consistent with the price and yield performance of the 3-month U.S. Treasury bill market.
Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in U.S. Treasury bills.
About Harbor Short Term Treasury ETF (HBIL)
There are 2 members of the management team with an average tenure of 0.05 years: Spenser Lerner (2026) and Everett Lyons (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Harbor Short Term Treasury ETF has 4 securities in its portfolio. The top 10 holdings constitute 99.6% 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 Short Term Treasury ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Harbor Short Term Treasury ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% 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 Short Term Treasury ETF has 100.0% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $4 billion average for the Short Government 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.
HBIL 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 Short Term Treasury ETF expense ratio is low compared to funds in the Short Government category. Harbor Short Term Treasury ETF has an expense ratio of 0.10%, which is 30% lower than its category average, making the fund expense ratio grade a C. 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 Short Term Treasury ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 190% for the Short Government category.
Recently, in the month of August 2026, Harbor Short Term Treasury ETF returned 0.0%, which earned it a grade of NA, as the Short Government category had an average return of 0.3%. 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 Short Term Treasury ETF has a trailing yield of 0.00%, which is below the 4.25% category average.
The fund normally distributes its income monthly and its capital gains monthly.
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.
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HBIL Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HBIL Return (NAV) | na | na | na | na | na | na |
| HBIL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Short Government Avg | 0.3% | 0.5% | 3.2% | 4.3% | 2.1% | 1.9% |
| HBIL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| HBIL Tax-Cost Ratio | na | na | na | na | na | na |
HBIL Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HBIL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| HBIL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Short Government Avg | 1.5% | 4.5% | 4.2% | 4.5% | -4.2% | -0.8% | 3.3% | 3.8% | 1.4% | 0.9% | 1.8% |
| HBIL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | 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: | -- |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | na |
| Expense Ratio: | 0.10% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Monthly |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Lerner Spenser (2026), Lyons Everett (2026) | |||
Portfolio Composition (as of 8/29/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 99.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | August 12, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.10% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.14% |
