ETF Evaluator:
Harbor Ares Systematic Mltsct Inc ETF ()
Follow This ETF
(as of Aug 13)
Best Performing in Multisector Bond Over the Last Year
| 7.3% | Eaton Vance Income Opportunities ETF (XAGG) |
| 7.1% | Bluemonte Diversified Income ETF (BLUI) |
| 7.0% | Rareview Dynamic Fixed Income ETF (RDFI) |
| 6.3% | FolioBeyond Enhanced Fixed Inc Prm ETF (FIXP) |
| 5.6% | Neuberger Flexible Credit Income ETF (NBFC) |
Risk
Index
Risk
Index
ETF Details
Harbor Ares Systematic Mltsct Inc ETF Overview
Harbor Ares Systematic Mltsct Inc ETF (SIFI) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2021.
The investment seeks income and total return.
The fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The fund may also invest in the securities of foreign issuers, including emerging market bonds. The fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as “high yield” or “junk” bonds, or unrated securities that Ares Systematic Credit Limited considers to be of an equivalent credit quality.
About Harbor Ares Systematic Mltsct Inc ETF (SIFI)
There are 4 members of the management team with an average tenure of 4.88 years: Michael Harper (2021), Benjamin Brodsky (2021), Benoy Thomas (2021) and Garth Flannery (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Harbor Ares Systematic Mltsct Inc ETF has 190 securities in its portfolio. The top 10 holdings constitute 26.5% 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 Ares Systematic Mltsct Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Harbor Ares Systematic Mltsct Inc ETF has 14.9% 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 96.0% (81.1% domestic bond, 14.9% foreign bond and 0.5% convertible bond). Harbor Ares Systematic Mltsct Inc ETF has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $33 million in total assets, which is below the $1 billion average for the Multisector Bond 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.
SIFI 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 Ares Systematic Mltsct Inc ETF expense ratio is average compared to funds in the Multisector Bond category. Harbor Ares Systematic Mltsct Inc ETF has an expense ratio of 0.50%, which is 23% 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 Ares Systematic Mltsct Inc ETF has a portfolio turnover rate of 59%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.
Recently, in the month of July 2026, Harbor Ares Systematic Mltsct Inc ETF returned -0.3%, which earned it a grade of B, as the Multisector Bond category had an average return of -0.5%. 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 Ares Systematic Mltsct Inc ETF has a trailing yield of 6.40%, which is above the 5.63% category average.
The fund normally distributes its income 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.
Harbor Ares Systematic Mltsct Inc ETF Grades
Year to date, the ETF has returned 1.2%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.4% over the past year (grade of A) and 7.0% over the past three years (grade of B).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Harbor Ares Systematic Mltsct Inc ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
SIFI 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 |
|
| SIFI Return (NAV) | -0.3% | 0.4% | 5.4% | 7.0% | na | na |
| SIFI Return (Price) | 0.1% | 0.3% | 5.6% | 7.0% | na | na |
| NAV +/- Price Return | -0.379% | 0.028% | -0.107% | -0.002% | na | na |
| Multisector Bond Avg | -0.5% | 0.3% | 4.5% | 6.2% | 1.8% | 3.1% |
| SIFI Grade (NAV) | B | C | A | B | na | na |
| +/- Category (NAV) | 0.2% | 0.1% | 0.9% | 0.8% | na | na |
| SIFI Tax-Cost Ratio | na | na | 2.5% | 2.4% | na | na |
SIFI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SIFI Return (NAV) | 1.2% | 8.9% | 4.9% | 9.5% | -10.8% | na | na | na | na | na | na |
| SIFI Return (Price) | 1.7% | 8.7% | 4.8% | 8.7% | -10.6% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.458% | -0.021% | -0.019% | -0.081% | -0.024% | na | na | na | na | na | na |
| Multisector Bond Avg | 1.3% | 7.6% | 5.5% | 8.2% | -10.8% | 3.0% | 4.7% | 10.6% | -1.8% | 5.9% | 7.4% |
| SIFI Grade (NAV) | C | B | D | B | D | na | na | na | na | na | na |
| +/- Category | -0.1% | 1.2% | -0.6% | 1.3% | -0.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.71 |
| R-Squared: | 87% |
| Standard Deviation: | 4.3% |
| Category Risk Index: | 0.91 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.35 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 6.4% |
| Total Assets: | $ 34 Mil |
| Share Class Assets: | $ 34 Mil |
| Turnover: | 59.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Harper Michael (2021), Brodsky Benjamin (2021), Thomas Benoy (2021), Flannery Garth (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 190 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 81.1% |
| Foreign Bond: | 14.9% |
| Convertible Bond: | 0.5% |
| Other: | 0.0% |
| Cash: | 3.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | September 14, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.65% |
