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Harbor Long-Short Equity ETF (LSEQ)

LSEQNYSE ArcaHarborD

$34.65−0.08 (−0.24%)

As of Nov 2, 2026, 12:30 PM ET

D34/ 100

Rank 23 of 30 in Alternative Strategies

D34/100Rank 23 of 30inAlternative Strategies
Intraday session: down, 31 prints from 34.73 to 34.65. Range 34.65 to 34.73. Use the arrow keys to read each point.34.6634.6834.7034.7210 AM12 PM2 PM4 PM
Expense ratio
2.28%
Fund size
$17M
1Y total return
+23.6%
Yield · Last 12 months
No data
Holdings
108
Avg volume · 30D
1.69K sh
52W range
low $27.57high $36.02
Launched

The ETF.net LSEQ Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
Alternative Strategies⁠
Rank
23 of 30
Six-pillar profile for LSEQ. Scores out of 100: Cost 14, Risk 50, Mission not scored, Tradability 41, Holdings 54, Durability 61. Strongest: Durability (61). Weakest: Cost (14). Based on 5 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 26 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 17 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 22 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 8 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 10 of 30

Our read on LSEQ

ETF.net Research

In short

DA hedge fund playbook in an ETF shell: LSEQ buys the large and mid caps it likes and shorts the ones it doesn't, keeping net long exposure usually between 40% and 60%. Roughly half-invested by design, with room to stretch to 150% long.

Stated mandate

The Fund seeks long-term growth of capital through long and short positions in equity securities. It generally maintains net long exposure of 40% to 60%, with exposure occasionally reaching 150% long.

Why people hold it

  • Shorting is the point, not a garnish. The fund runs a long book and a short book across Russell 1000 large and mid caps, so both sides of the trade drive the outcome.sec.gov
  • Net exposure has guardrails: normally 40% to 60% long, with room to stretch to 150%. You always know roughly how much market you are carrying.sec.gov
  • Hedge fund mechanics without the hedge fund gates: a 1940 Act fund that trades on an exchange, with published holdings, no lockups and no accreditation test.sec.gov
  • Active from the ground up: about 160 positions, picked stock by stock rather than tracked, inside a single US large and mid cap universe.sec.gov

Worth knowing

  • Costs 2.28% a year against a 0.65% median for active US equity funds. Core rivals like DFAU (0.12%) and DFAC (0.17%) charge a small fraction of that.
  • Small asset base and thin trading. Spreads can widen, so limit orders and a look at the quote matter more here than with a giant index fund.
  • Shorts cut both ways. When a shorted stock rises, the loss is not capped the way a long position's is, and borrowing those shares carries its own cost.sec.gov

LSEQ Performance

Launched Jan 1, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
LSEQ$12,356
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LSEQ $12,356. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LSEQ. Periods over one year show the average yearly return.
PeriodLSEQ
Year to date+25.9%
1 month+2.7%
3 months+2.1%
1 year+23.6%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LSEQ
YearReturn barLSEQ
2026 YTD+25.9%
2025+4.1%
2024+12.8%
2023+0.3%

History from Dec 6, 2023

LSEQ in the news

LSEQ Dividends

Last payment
$0.61 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 19, 2025 $0.61. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.61

$10,000 in LSEQ 1 year ago paid $211 in dividends.

LSEQ Risk

Risk pillarC50 out of 100Rank 17 of 30 in Alternative Strategies
How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 34 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · 34 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.9%
34 months · trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LSEQ Cost

Compare LSEQ and HBDC

Overpaying vs HBDC, cheapest in Alternative Strategies

$28,332

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LSEQ 2.28%

    $36,230

  • HBDC 0.39% Cheapest

    $7,898

$10,000
30 years

Cost over time

  • LSEQ 2.28%
  • HBDC 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530LSEQ $36,230HBDC $7,898

Year by year

YearLSEQHBDCOverpaying
10$3,812$705$3,107
20$13,544$2,725$10,819
30$36,230$7,898$28,332

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