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Launched · SEC filings

Harbor Active Small Cap ETF (SMLL)

SMLLNYSE ArcaF

$20.58+0.01 (+0.03%)

As of Oct 13, 2026, 2:34 PM

F22/ 100

Rank 37 of 41 in US Active Small-Cap

F22/100Rank 37 of 41inUS Active Small-Cap
Intraday session: up, 4 prints from 20.57 to 20.58. Range 20.57 to 20.58. Use the arrow keys to read each point.20.5720.5820.5810 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$12M
1Y total return
+3.4%
Yield · Last 12 months
2.29%
Holdings
51
Avg volume · 30D
0M sh
NAV per share
$20.58
52W range
low $18.58high $22.56
Launched
Filings
SEC EDGAR

The ETF.net SMLL Grade

Based on 5 of 6 pillars

F

Score 22 out of 100

Category
US Active Small-Cap⁠
Rank
37 of 41
Six-pillar profile for SMLL. Scores out of 100: Cost 20, Risk 26, Mission not scored, Tradability 15, Holdings 30, Durability 35. Strongest: Durability (35). Weakest: Tradability (15). Based on 5 of 6 pillars.

Score 22 of 100 falls in the F 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.
    F20 out of 100
    Rank 31 of 41

  • 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.
    D26 out of 100
    Rank 33 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 39 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D30 out of 100
    Rank 37 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 31 of 41

Our read on SMLL

ETF.net Research

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.

Stated mandate

The Fund seeks long-term total return.

Why people hold it

  1. 01Roughly 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.
  2. 02The 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.
  3. 03Backed by Harbor, a manager with a long history of packaging outside stock-picking teams into funds rather than running everything in-house.

Worth knowing

  1. 01You 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.
  2. 02Concentration 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.
  3. 03Launched 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

As of Oct 13, 2026
Asset class
Stocks
Holdings
51
Top-10 weight
37%
Largest holding
MORN5.1%

Sectors

  • Industrials26.7%
  • Financials21.7%
  • Technology17.9%
  • Consumer Discretionary9.3%
  • Health Care7.9%
  • Real Estate7.1%
  • Energy4.9%
  • Materials2.3%
  • Utilities1.4%
  • Consumer Staples0.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MORNMorningstar Inc5.06%2,973$608K158
002POOLPool Corp4.56%3,433$548K144
003PCTYPaylocity Holding Corp4.00%3,121$481K151
004WTFCWintrust Financial Corp3.83%3,211$460K158
005SSNCSS&C Technologies Holdings3.67%5,441$441K200
006DOCSDoximity Inc-Class A3.54%13,944$425K130
007PLOWDouglas Dynamics Inc3.39%10,401$408K85
008UBSIUnited Bankshares Inc3.29%8,708$396K151
009WSCWillscot Holdings Corp3.09%21,730$371K115
010FDSFactset Research Systems Inc2.98%1,246$358K236
011RLJRlj Lodging Trust2.94%31,492$353K85
012FOURSHIFT4 Payments Inc-Class A2.79%8,383$335K122
013RELYRemitly Global Inc2.68%13,325$322K121
014CSGPCostar Group Inc2.61%10,576$314K215
015TTCToro Co2.49%3,126$299K200

Showing 1–15 of 51 holdings

SMLL Performance

Launched Aug 28, 2024

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.
SMLL$10,336
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SMLL $10,336. SPY $12,044. Use the arrow keys to read each point.$9,117$10,697$12,277Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for SMLL. Periods over one year show the average yearly return.
PeriodSMLL
Year to date+3.3%
1 month−1.0%
3 months−2.6%
1 year+3.4%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 SMLL
YearReturn barSMLL
2026 YTD+3.3%
2025−6.3%
2024+10.8%

History from Aug 29, 2024

SMLL in the news

Filtered to SMLL · US Active Small-Cap

SMLL 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 Oct 12, 2026.
2.29%Last 12 months
Payout per share
$0.47Last 12 months
Last payment
$0.47 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 20, 2024 $0.11; Dec 19, 2025 $0.47. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.47
Dec 20, 2024Dec 26, 2024$0.11

SMLL Risk

How much the fund’s monthly returns vary, scaled to a year.
17.8%
Annualised · 25 months to Sep 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.
−0.05
vs 3-month T-bills · 25 months to Sep 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.
−23.5%
25 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.
1.04
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.

SMLL Cost

Expense ratio0.80%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

30 of the 39 US Active Small-Cap funds charge less.

SMLL costs $80.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.

Other funds in US Active Small-Cap

See others