Harbor Active Small Cap ETF (SMLL)
$20.46−0.03 (−0.13%)
- Expense ratio
- 0.80%
- Fund size
- $13M
- 1Y return
- −3.8%
- Yield · Last 12 months
- 2.30%
- Holdings
- 51
- Volume · 30D
- 0M sh
- NAV per share
- $20.48
- 52W range
The ETF.net SMLL Grade
Score 22 of 100 sits in the F 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.FScore 23Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 20Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 15Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 30Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 35Category rank
Our read on SMLL
FHarbor's 2024 entry into small caps skips the thousand-stock dragnet: roughly 50 U.S. small-cap names, actively picked, chasing long-term total return. A concentrated stock-picker's take in a corner of the market ruled by broad quant sweeps.
The Fund seeks long-term total return.
Why people hold it
- Roughly 50 holdings, not a thousand. This is a concentrated active portfolio, so individual stock picks actually move the needle instead of getting diluted into an index blur.
- The mandate is refreshingly plain: long-term total return from U.S. small-cap equities, mainly common and preferred stock. No sleeves, no derivatives overlay, no story to decode.
- Backed by Harbor, a manager with a long history of packaging outside stock-picking teams into funds rather than running everything in-house.
Worth knowing
- You pay 0.80% a year for the active seat. Systematic small-cap rivals like AVUV and AVSC charge 0.25%, so the stock picking has real ground to make up.
- Concentration cuts both ways. With about 50 names, a handful of picks can drive returns in either direction far more than in a broad small-cap basket.
- Launched in 2024 and thinly traded, so the track record is short and bid-ask spreads tend to be wider than on the category's household names.
SMLL Holdings
- Stocks
- 51
- 37%
- MORN
Sectors
- Industrials27.0%
- Financials22.4%
- Technology18.3%
- Consumer Discr.9.1%
- Health Care7.2%
- Real Estate7.0%
- Energy4.7%
- Materials2.1%
- Utilities1.4%
- Cons. Staples0.9%
Geography
- United States100.00%
SMLL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | SMLL |
|---|---|
| Year to date | +3.1% |
| 1 month | −7.0% |
| 3 months | −0.2% |
| 1 year | −3.8% |
| 3 years | — |
| 5 years | — |
| 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 | SMLL |
|---|---|---|
| 2026 YTD | +3.1% | |
| 2025 | −6.3% | |
| 2024 | +10.8% |
SMLL in the news
ETF.net Research hasn’t filed on SMLL yet — coverage lands here as it’s written.
SMLL Dividends
- 2.30%
- $0.47
- $0.47 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 19, 2025 | Dec 24, 2025 | $0.47 |
| Dec 20, 2024 | Dec 26, 2024 | $0.11 |
SMLL Risk
- 17.0%
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.
- 0.20
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.
- −23.5%
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.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMLL Cost
- The middle half of US Active Small-Cap funds
- Median 0.55%
30 of the 39 US Active Small-Cap funds charge less.