Harbor Ares Systematic Multi-Sector Income ETF
$42.19−0.03 (−0.07%)
- 0.50%
- $23M
- +1.7%
- 6.63%
- 0M sh
- $42.22
- low $41.94high $44.75
The ETF.net SIFI Grade
C
Score 45 out of 100
- 59 of 85
Score 45 of 100 falls in the C 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.D36 out of 100Rank 52 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 49 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 46 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 81 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F22 out of 100Rank 78 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 76 of 85
Our read on SIFI
CAres is a credit shop better known for private lending than index hugging. SIFI is its systematic take on core bonds: multi-sector credit, emerging-market debt, swaps and Treasury futures, measured against the Agg but not bound to it. Pays monthly.
The Fund seeks income and total return. It primarily invests in fixed-income instruments and may use credit-default swaps, Treasury futures, ETFs, foreign issuers, and emerging-market bonds.
Why people hold it
- The prospectus allows credit-default swaps, Treasury futures, ETFs, foreign issuers and emerging-market bonds, so the mix can move across credit sectors instead of matching Agg weights.
- The mandate names income alongside total return, and cash goes out monthly rather than quarterly.
- Roughly 180 positions: spread across issuers, yet concentrated enough that individual credit calls show up in the result.
- Trading since 2021, so it carries a live record through a sharp rate-hiking cycle rather than a backtest.
Worth knowing
- 0.50% a year, above the core-bond group's median and well above index staples like AGG, SPAB and SCHZ at 0.03%. Active credit work has to earn that gap.
- A small, thinly traded fund, so bid-ask spreads can run wider than the index giants' in the same category.
- Swaps and futures add counterparty and leverage-related risks that a plain bond index fund does not carry.
SIFI Holdings
- Bonds
- 188
- 37%
- US 2YR NOTE (CBT) Dec26 12/31/2026
Geography
- United States80.77%
- Canada7.14%
- United Kingdom4.51%
- Japan2.69%
- Ireland1.23%
- Netherlands1.19%
- Singapore0.92%
- Norway0.55%
- 1.00%
SIFI Performance
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.
SIFI$10,174
Returns run to the Oct 12, 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.
| Period | SIFI |
|---|---|
| Year to date | 0.0% |
| 1 month | −0.6% |
| 3 months | −1.5% |
| 1 year | +1.7% |
| 3 years | +7.0% |
| 5 years | +2.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SIFI |
|---|---|---|
| 2026 YTD | 0.0% | |
| 2025 | +8.8% | |
| 2024 | +5.0% | |
| 2023 | +8.7% | |
| 2022 | −10.6% | |
| 2021 | −1.0% |
SIFI in the news
SIFI Dividends
- 6.63%
- $2.80
- $0.20 per share
- Monthly
Distribution history
SIFI Risk
- 4.6%
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.
- 0.44
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.
- −13.9%
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.
- 0.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SIFI Cost
0.50%
SIFI0.50%
- The middle half of US High Yield funds
- Median 0.43%
53 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- COBNDState Street Loomis Sayles Opportunistic Bond ETFExpense ratio 0.55%1 year return +1.2%
- CHYGHiShares Interest Rate Hedged High Yield Bond ETFExpense ratio 1.12%1 year return +6.8%
- CFLXNHorizon Flexible Income ETFExpense ratio 0.80%1 year return +5.6%
- CGBHIGabelli ETFs Trust - Gabelli High Income ETFExpense ratio 0.56%1 year return —
- CHYBINEOS Enhanced Income Credit Select ETFExpense ratio 0.72%1 year return +4.3%