ETF Evaluator:
Harbor AlphaEdge Large Cap Value ETF ()
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(as of Aug 24)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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Risk
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ETF Details
Harbor AlphaEdge Large Cap Value ETF Overview
Harbor AlphaEdge Large Cap Value ETF (VLLU) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2024.
The investment seeks to provide investment results that track, before fees and expenses, the performance of the Harbor AlphaEdgeTM Large Cap Value Index.
The fund employs an indexing investment approach designed to track the performance of the index, which is constructed by Harbor Capital Advisors, Inc. using a proprietary, rules-based methodology. The index consists of equity securities of U.S.-listed companies that exhibit attractive valuation along with positive fundamental and price characteristics according to the index Provider’s methodology. The fund invests at least 80% of its total assets in securities that are included in the index.
About Harbor AlphaEdge Large Cap Value ETF (VLLU)
There are 3 members of the management team with an average tenure of 1.74 years: Stephen Cook (2024), James Erceg (2024) and Elizabeth Despain (2025). 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 Harbor AlphaEdge Large Cap Value TR USD index with a weighting of 100%. Harbor AlphaEdge Large Cap Value ETF has 75 securities in its portfolio. The top 10 holdings constitute 37.4% 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 AlphaEdge Large Cap Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Harbor AlphaEdge Large Cap Value ETF has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.6% There is 4.4% 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 AlphaEdge Large Cap Value ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $5 billion average for the Large Value 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.
VLLU 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 AlphaEdge Large Cap Value ETF expense ratio is below average compared to funds in the Large Value category. Harbor AlphaEdge Large Cap Value ETF has an expense ratio of 0.25%, which is 33% 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 AlphaEdge Large Cap Value ETF has a portfolio turnover rate of 105%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Harbor AlphaEdge Large Cap Value ETF returned 0.4%, which earned it a grade of F, as the Large Value category had an average return of 2.4%. 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 AlphaEdge Large Cap Value ETF has a trailing yield of 1.35%, which is below the 1.70% 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 AlphaEdge Large Cap Value ETF Grades
Year to date, the ETF has returned 12.5%, 1.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 23.6% over the past year (grade of C).
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VLLU 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 |
|
| VLLU Return (NAV) | 0.4% | 6.6% | 23.6% | na | na | na |
| VLLU Return (Price) | 0.0% | 6.7% | 24.3% | na | na | na |
| NAV +/- Price Return | 0.387% | -0.140% | -0.717% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| VLLU Grade (NAV) | F | B | C | na | na | na |
| +/- Category (NAV) | -2.0% | 0.7% | -0.4% | na | na | na |
| VLLU Tax-Cost Ratio | na | na | 0.4% | na | na | na |
VLLU Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VLLU Return (NAV) | 12.5% | 17.3% | na | na | na | na | na | na | na | na | na |
| VLLU Return (Price) | 12.6% | 17.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.010% | 0.004% | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| VLLU Grade (NAV) | D | B | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.9% | 2.4% | 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: | 1.4% |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | 105.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | Yes |
| 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: 3 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Cook Stephen (2024), Erceg James (2024), Despain Elizabeth (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 37.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 95.6% |
| Foreign Stock: | 4.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | September 4, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
