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TEC

GradeCNew York Stock Exchange Arca

Harbor Transformative Technologies ETF (TEC)

Themes · Harbor · Inception 2025-04-16 · SEC filings

$34.56−0.26 (−0.75%)

As of Sep 23, 2026, 10:09 AM EDT

History starts Apr 17, 2025.
Intraday session: down, 2 prints from 34.82 to 34.56. Range 34.56 to 34.82. Use the arrow keys to read each point.$34.60$34.70$34.8010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$7M
1Y return
+24.8%
Yield · Last 12 months
—
Holdings
44
Volume · 30D
0M sh
NAV per share
$34.83
52W range
low $24.54high $34.66

The ETF.net TEC Grade

C

43/ 100

Rank 21 of 31 in Disruptive Innovation⁠

Confidence High

Six-pillar profile for TEC. Scores out of 100: Cost 42, Risk 69, Mission 83, Tradability 30, Holdings 43, Durability 18. Strongest: Mission (83). Weakest: Durability (18). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C 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.
    CScore 42
    Category rank19/31 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 83
    Category rank2/10 · top 20%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 69
    Category rank6/31 · top 19%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 30
    Category rank25/31 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank22/31 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 18
    Category rank31/31 · bottom quartile

Graded as of Sep 22, 2026

Our read on TEC

ETF.net Research

CA stock-picker's swing at disruptive tech. Harbor hands the keys to Jennison, whose team runs a concentrated, go-anywhere book of roughly 40 names tied to transformative technology. Active conviction, not an index screen.

Stated mandate

The Fund normally invests at least 80% of its assets in securities of companies across any sector whose growth potential is tied to transformative technologies. These technologies use innovation to change how consumers, businesses, or industries operate.

Why people hold it

  1. 01Jennison Associates runs the portfolio, the growth-equity shop Harbor has partnered with for over 50 years.businesswire.com
  2. 02Go-anywhere mandate: at least 80% of assets in companies from any sector whose growth is tied to transformative technology, not only names filed under tech.
  3. 03Concentrated by design: roughly 40 holdings and non-diversified status mean individual winners can actually move the fund.aaii.com
  4. 04What's inside lines up closely with the transformative-tech mandate in the prospectus.

Worth knowing

  1. 01The 0.69% fee sits above index-built rivals like KOMP (0.20%) and XT (0.46%). Active selection is the thing you're paying up for.
  2. 02Launched in 2025, so the live record is short, the asset base small, and thin trading can widen the gap between bid and ask.
  3. 03Pure growth mandate with no income stream, and concentration cuts both ways when a top holding stumbles.

TEC Holdings

As of Sep 20, 2026, 6:04 AM
Asset class
Stocks
Holdings
44
Top-10 weight
53%
Largest holding
AAPL8.6%

Sectors

  • Technology73.0%
  • Communication9.9%
  • Consumer Discr.9.2%
  • Health Care3.9%
  • Industrials1.9%
  • Utilities1.2%
  • Financials1.1%

Geography

  • United States90.15%
  • Taiwan (Province of China)2.92%
  • United Kingdom2.68%
  • Netherlands1.87%
  • Canada1.33%
  • Cayman Islands1.05%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLAPPLE INC8.58%1,689$569K707
002NVDANVIDIA CORP6.90%2,085$457K828
003MSFTMICROSOFT CORP6.06%808$402K792
004GOOGLALPHABET INC-CL A5.97%1,140$396K704
005AMZNAMAZON.COM INC5.34%1,409$354K720
006AMDADVANCED MICRO DEVICES4.83%588$321K618
007AVGOBROADCOM INC4.51%861$299K732
008LRCXLAM RESEARCH CORP3.64%896$241K591
009SNOWSNOWFLAKE INC3.62%710$240K321
010METAMETA PLATFORMS INC-CLASS A3.17%308$210K683
011TSMTAIWAN SEMICONDUCTOR-SP ADR2.92%450$194K268
012MUMICRON TECHNOLOGY INC2.89%196$192K655
013ANETARISTA NETWORKS INC2.84%945$189K490
014CRWDCROWDSTRIKE HOLDINGS INC - A2.59%700$172K454
015DDOGDATADOG INC - CLASS A2.44%686$162K425

Showing 1–15 of 44 holdings

TEC Performance

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

TEC$12,485
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. TEC $12,485. SPY $11,723. Use the arrow keys to read each point.$8,554$10,665$12,776Sep 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 TEC. Periods over one year show the average yearly return.
PeriodTEC
Year to date+23.4%
1 month+5.6%
3 months+5.4%
1 year+24.8%
3 yearsFund is under 3 years old—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 TEC
YearReturn barTEC
2026 YTD+23.4%
2025+44.9%

History from Apr 17, 2025

TEC in the news

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

TEC Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

TEC Risk

How much the fund’s monthly returns vary, scaled to a year.
22.6%
Annualised · 16 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.
1.43
vs 3-month T-bills · 16 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.
−17.5%
17 months · trough Mar 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.
1.68
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.

TEC Cost

Expense ratio0.69%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

17 of the 31 Disruptive Innovation funds charge less.

TEC costs $69.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.