ETF Evaluator: Harbor Active Small Cap Growth ETF () Follow This ETF

Harbor Active Small Cap Growth ETF Overview

Harbor Active Small Cap Growth ETF (SGRW) is an actively managed U.S. Equity Small Growth exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2026.

The investment seeks long-term growth of capital. The fund invests primarily in equity securities of U.S. small capitalization growth companies. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of small cap companies that Granahan Investment Management LLC, the fund’s subadviser (“Granahan” or the “Subadvisor”), considers “growth” stocks.

About Harbor Active Small Cap Growth ETF (SGRW)

There are 5 members of the management team with an average tenure of 0.54 years: David Rose (2026), Jeffrey Harrison (2026), Richard Watson (2026), Kelvin Jiang (2026) and Andrew Beja (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Russell 2000 Growth TR USD index with a weighting of 100%. Harbor Active Small Cap Growth ETF has 137 securities in its portfolio. The top 10 holdings constitute 22.8% 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 Active Small Cap Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Harbor Active Small Cap Growth ETF has 7.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.2% There is 7.2% 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 Active Small Cap Growth ETF has 2.6% of the portfolio in cash.

Assets Under Management

The fund has $26 million in total assets, which is below the $2 billion average for the Small Growth 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.

SGRW 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 Active Small Cap Growth ETF expense ratio is high compared to funds in the Small Growth category. Harbor Active Small Cap Growth ETF has an expense ratio of 0.80%, which is 85% 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 Active Small Cap Growth 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 74% for the Small Growth category.

Recently, in the month of July 2026, Harbor Active Small Cap Growth ETF returned -8.3%, which earned it a grade of F, as the Small Growth category had an average return of -5.5%. 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 Active Small Cap Growth ETF has a trailing yield of 0.00%, which is below the 0.44% 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.

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