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MATR

GradeBNew York Stock Exchange Arca

Harbor Multi-Asset Explorer ETF

Multi-Asset & Alternatives · Harbor · Inception 2023-09-13

$28.05−0.29 (−1.02%)

As of Sep 23, 2026, 1:42 PM EDT

History starts Sep 14, 2023.
Intraday session: down, 2 prints from 28.34 to 28.05. Range 28.05 to 28.34. Use the arrow keys to read each point.$28.10$28.20$28.3010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$12M
1Y return
+11.2%
Yield · Last 12 months
2.74%
Holdings
26
Volume · 30D
0M sh
NAV per share
$28.34
52W range
low $25.40high $28.37

The ETF.net MATR Grade

B

58/ 100

Rank 20 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for MATR. Scores out of 100: Cost 58, Risk 61, Mission 81, Tradability 13, Holdings 77, Durability 36. Strongest: Mission (81). Weakest: Tradability (13). Leans toward Mission and Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 58
    Category rank20/46 · top 43%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 81
    Category rank6/26 · top 23%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank17/46 · top 37%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 13
    Category rank40/46 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 77
    Category rank8/42 · top 19%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank37/46 · bottom quartile

Graded as of Sep 22, 2026

Our read on MATR

ETF.net Research

BHarbor's in-house macro team reads the business cycle, then sets the mix of stock, bond, commodity and currency ETFs to match it. A tactical allocation fund for investors who want the regime call outsourced, priced near the middle of its category.

Stated mandate

The Fund seeks long-term total return while limiting downside risk. Its allocation is driven by regime modeling across multiple asset categories, including real estate investment trusts and commodities.

Why people hold it

  1. 01Growth, liquidity and inflation signals define the current business-cycle regime, and each regime maps to a distinct blend of equity, fixed income, commodity and currency funds.harborcapital.com
  2. 02Run in-house by Harbor's Multi-Asset Solutions Team, with a bottom-up research layer on top of the systematic model rather than a pure black box.harborcapital.com
  3. 03The prospectus pairs long-term total return with limiting downside risk, and reaches into corners a plain 60/40 skips: REITs, commodities, high yield, emerging markets.streetinsider.com
  4. 04At 0.80% a year, an actively managed tactical strategy priced essentially at the allocation-category median.

Worth knowing

  1. 01Plain-vanilla allocation peers such as AOA and IRTR charge a fraction as much. The fee here buys the regime call, not the beta.
  2. 02A small fund that trades thinly, so spreads and limit orders matter more here than in the category's giants.
  3. 03Launched in 2023, so the regime model has a short live record, and results hinge on Harbor reading the cycle correctly.harborcapital.com

MATR Holdings

As of Sep 20, 2026, 6:04 AM
Asset class
Stocks
Holdings
26
Top-10 weight
67%
Largest holding
IEMG11.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IEMGISHARES CORE MSCI EMERGING11.57%14,842$1M13
002IVVISHARES CORE S&P 500 ETF9.84%1,346$1M54
003VGKVANGUARD FTSE EUROPE ETF8.34%9,786$872K9
004FLJPFRANKLIN FTSE JAPAN ETF8.19%20,547$856K6
005SPHYSS SPDR P HIGH YIELD ETF5.70%25,878$596K16
006QQQMINVESCO NASDAQ 100 ETF5.58%1,977$584K12
007XLKSS TECHNOLOGY SELECT SECTOR5.11%2,839$534K33
008BILSS SPDR BB 1-3M T-BILL ETF4.25%4,854$444K19
009IALTISHRS SYS ALT ACT ETF4.13%14,530$432K1
010DBMFIMGP DBI MFT STR ETF-USD INC4.11%13,433$430K10
011GLDMSPDR GOLD MINISHARES TRUST4.10%4,993$429K16
012VGITVANGUARD INTERMEDIATE-TERM T4.06%7,397$425K12
013XLCSS COMM SELECT SECTOR SPDR3.86%3,593$404K27
014HGERHARBOR COMMODITY ALL WEATHER3.19%9,257$334K5
015IWMISHARES RUSSELL 2000 ETF2.42%887$253K15

Showing 1–15 of 26 holdings

MATR Performance

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

MATR$11,118
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MATR $11,118. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 MATR. Periods over one year show the average yearly return.
PeriodMATR
Year to date+8.0%
1 month+0.5%
3 months+0.8%
1 year+11.2%
3 years+16.0%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 MATR
YearReturn barMATR
2026 YTD+8.0%
2025+18.6%
2024+14.3%
2023+3.8%

History from Sep 14, 2023

MATR in the news

ETF.net Research hasn’t filed on MATR yet — coverage lands here as it’s written.

MATR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.74%Last 12 months
Payout per share
$0.78Last 12 months
Last payment
$0.78 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.57; Dec 20, 2024 $0.55; Dec 19, 2025 $0.78. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.78
Dec 20, 2024Dec 26, 2024$0.55
Dec 21, 2023Dec 27, 2023$0.57

MATR Risk

How much the fund’s monthly returns vary, scaled to a year.
8.5%
Annualised · 35 months to Aug 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.
1.34
vs 3-month T-bills · 35 months to Aug 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.
−12.9%
36 months · trough Apr 2025
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.
0.62
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.

MATR Cost

Expense ratio0.80%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

19 of the 46 Tactical Allocation funds charge less.

MATR costs $80.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.