ETF Evaluator:
Harbor Health Care ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Health Over the Last Year
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ETF Details
Harbor Health Care ETF Overview
Harbor Health Care ETF (MEDI) is an actively managed Sector Equity Health exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2022.
The investment seeks long-term growth of capital.
The fund invests primarily in equity securities, principally common and preferred stocks of companies of any market capitalization. Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies principally engaged in the research, development, production, or distribution of products and services related to the health care industry (“health care companies”). It is non-diversified.
About Harbor Health Care ETF (MEDI)
There are 2 members of the management team with an average tenure of 3.71 years: Matthew Renna (2022) and William Muggia (2022). 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 Russell 3000 Growth Ind/HC TR USD index with a weighting of 100%. Harbor Health Care ETF has 45 securities in its portfolio. The top 10 holdings constitute 59.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Harbor Health Care ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Harbor Health Care ETF has 5.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.4% There is 5.4% 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 Health Care ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $41 million in total assets, which is below the $1 billion average for the Health 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.
MEDI 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 Health Care ETF expense ratio is high compared to funds in the Health category. Harbor Health Care ETF has an expense ratio of 0.80%, which is 54% higher than its category average, making the fund expense ratio grade a F. 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 Health Care ETF has a portfolio turnover rate of 167%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Health category.
Recently, in the month of July 2026, Harbor Health Care ETF returned -4.5%, which earned it a grade of F, as the Health category had an average return of -0.1%. 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 Health Care ETF has a trailing yield of 0.04%, which is below the 1.10% 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 Health Care ETF Grades
Year to date, the ETF has returned 2.8%, 6.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 21.7% over the past year (grade of F) and 14.0% over the past three years (grade of B).
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MEDI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MEDI Return (NAV) | -4.5% | 8.4% | 21.7% | 14.0% | na | na |
| MEDI Return (Price) | -4.5% | 8.4% | 21.8% | 14.0% | na | na |
| NAV +/- Price Return | 0.018% | 0.068% | -0.040% | -0.017% | na | na |
| Health Avg | -0.1% | 11.2% | 36.9% | 9.9% | 1.6% | 8.7% |
| MEDI Grade (NAV) | F | D | F | B | na | na |
| +/- Category (NAV) | -4.4% | -2.8% | -15.2% | 4.1% | na | na |
| MEDI Tax-Cost Ratio | na | na | 0.1% | 0.4% | na | na |
MEDI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEDI Return (NAV) | 2.8% | 27.1% | 0.6% | 24.8% | na | na | na | na | na | na | na |
| MEDI Return (Price) | 2.8% | 27.1% | 0.6% | 24.8% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.014% | -0.001% | 0.009% | 0.001% | na | na | na | na | na | na | na |
| Health Avg | 9.7% | 21.8% | 0.1% | 2.2% | -16.3% | 4.3% | 30.5% | 25.4% | -1.5% | 26.5% | -10.2% |
| MEDI Grade (NAV) | F | B | C | A | na | na | na | na | na | na | na |
| +/- Category | -6.9% | 5.3% | 0.5% | 22.6% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.76 |
| R-Squared: | 31% |
| Standard Deviation: | 17.4% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.42 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 41 Mil |
| Share Class Assets: | $ 41 Mil |
| Turnover: | 167.0% |
| Expense Ratio: | 0.80% |
| Index Fund: | No |
| 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: 2 | |||
| Longest Tenure: 3.7 years | |||
| Average Tenure: 3.7 years | |||
| Managers (Year): Renna Matthew (2022), Muggia William (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 59.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.4% |
Portfolio Allocation |
|
| Domestic Stock: | 93.4% |
| Foreign Stock: | 5.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | November 16, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.52% |
