SMLL - ETF AI Analysis
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Harbor Active Small Cap ETF (SMLL)
Rating:65Neutral
Price Target:―
Positive Factors
Recent Positive Performance
The ETF has delivered solid gains so far this year and in recent months, showing positive momentum for investors.
Broad Sector Diversification
Holdings spread across many sectors, including industrials, financials, technology, and others, help reduce the impact if any one industry struggles.
Strong Performers Among Top Holdings
Several of the largest positions, such as WillScot Mobile Mini, Douglas Dynamics, Reliance Steel, United Bankshares, and RLJ Lodging, have shown strong year-to-date performance that supports the fund’s returns.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of the returns are eaten up by fees over time.
Heavy U.S. Concentration
With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is highly tied to the U.S. economy.
Notable Weakness in Some Top Holdings
Several key positions, including Pool, Morningstar, Paylocity, and Freshworks, have shown weak year-to-date performance, which can drag on overall results.
SMLL vs. SPDR S&P 500 ETF (SPY)
AUM12.59M
RegionNorth America
Expense Ratio0.80%
Beta0.96
IssuerHarbor
Inception DateAug 27, 2024
Dividend Yield2.34%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume419
30 Day Avg. Volume2,036
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
25.73Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering51
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMLL Summary
The Harbor Active Small Cap ETF (SMLL) is an actively managed fund that invests in smaller U.S. companies, aiming to find future growth stories before they become household names. It doesn’t track a set index, but instead picks a mix of businesses across many sectors, including industrials, financials, and technology. Well-known holdings include Morningstar and Reliance Steel. Investors might consider SMLL for growth potential and diversification beyond large, familiar stocks. However, because it focuses on small companies and the manager’s stock picks, its price can be more volatile and may rise or fall faster than the overall market.
How much will it cost me?The Harbor Active Small Cap ETF (Ticker: SMLL) has an expense ratio of 0.8%, meaning you’ll pay $8 per year for every $1,000 invested. This is higher than average because it is actively managed, which involves more research and decision-making compared to passively managed funds that track an index.
What would affect this ETF?The Harbor Active Small Cap ETF (SMLL) could benefit from economic growth in the U.S., particularly if small-cap companies in sectors like Industrials and Technology continue to innovate and expand. However, rising interest rates or economic slowdowns may negatively impact small-cap stocks, as these companies often face higher borrowing costs and are more sensitive to market fluctuations. Additionally, sector-specific challenges, such as regulatory changes in Technology or volatility in Energy markets, could influence the ETF's performance.
SMLL Top 10 Holdings
This small-cap ETF leans heavily into U.S. financials and services, with names like Wintrust Financial and United Bankshares quietly supporting performance thanks to steadier, more upbeat trends. On the growth side, Paylocity and SS&C Technologies have been rising over the past few months, giving the fund some tech-driven spark, even as their momentum has recently turned more mixed. In contrast, Doximity and Pool look like they’re losing steam, dragging on returns. Overall, it’s a U.S.-focused, broadly diversified small-cap mix, but with a noticeable tilt toward financials and tech-enabled services.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Morningstar | 4.70% | $591.99K | $6.89B | -18.83% | 76 Outperform | |
| Pool | 4.56% | $574.40K | $5.87B | -47.86% | 65 Neutral | |
| Wintrust Financial | 3.81% | $480.03K | $9.78B | 11.21% | 78 Outperform | |
| Paylocity | 3.78% | $476.60K | $7.67B | -7.18% | 71 Outperform | |
| SS&C Technologies Holdings | 3.53% | $444.52K | $18.43B | -10.65% | 78 Outperform | |
| Douglas Dynamics | 3.42% | $430.11K | $934.85M | 29.18% | 68 Neutral | |
| United Bankshares | 3.34% | $420.85K | $6.41B | 26.48% | 80 Outperform | |
| Doximity | 3.29% | $413.96K | $4.98B | -61.88% | 72 Outperform | |
| WillScot Mobile Mini Holdings | 3.10% | $389.77K | $3.13B | -20.24% | 69 Neutral | |
| RLJ Lodging | 2.88% | $362.16K | $1.72B | 59.15% | 58 Neutral |
SMLL Technical Analysis
Negative
―
Price Trends
21.38
Negative
21.07
Negative
20.57
Negative
Market Momentum
-0.39
Positive
32.63
Neutral
33.52
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMLL, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 20.57, equal to the 50-day MA of 21.38, and equal to the 200-day MA of 20.57, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 32.63 is Neutral, neither overbought nor oversold. The STOCH value of 33.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMLL.
SMLL Peer Comparison
Comparison Results
Performance Comparison
SMLL
Harbor Active Small Cap ETF
20.16
-0.61
-2.94%
AIMS
Acuitas Small Cap Active ETF
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RUSC
US Small Cap Equity Active ETF
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SYZ
Lazard US Systematic Small Cap Equity ETF
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ESSC
Eventide Small Cap ETF
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FTKI
First Trust Small Cap BuyWrite Income ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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