MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 20, 2025 Gleich Celebrates a $273MM-AUM Fund's Birthday Kristof Gleich and his team are celebrating a big milestone for one of their index funds. Yesterday, Gleich, president and chief investment officer at Harbor Capital Advisors, Inc. [profile], highlighted the recent leather anniversary of the Harbor Commodity All-Weather Strategy ETF (HGER on the NYSE). The ETF's third birthday was February 9. (Having at least a three-year track record can be critical for funds' distribution, as many intermediary screening systems automatically exclude funds that are younger than that.) HGER debuted on the NYSE Arca on February 9, 2022. It migrated to the NYSE on January 2, 2023, and it rebranded as the Harbor Commodity All-Weath Strategy ETF on March 1, 2023. The expense ratio for HGER is 68 basis points. As of yesterday (February 19, 2025), it had $272.906 million in AUM. Chicago-based Harbor serves as investment advisor to HGER. Greenwich, Connecticut-based Quantix Commodities LP serves as subadvisor, and its affiliate Quantix Commodities Indices LLC (QCI) serves as index provider. HGER is designed to track the Quantix Commodity Index. Matthew Schwab, head of investor solutions at Quantix Commodities LP, has PMed the fund since inception. Gleich thanks the Quantix team for providing "outstanding service" to Harbor clients. He puts HGER's tenure in the context of the Harbor team's belief "that there are inherent flaws in the benchmarks that investors allocate to, or active managers peg their risk management towards." "We want to help the industry break free from those constraints," Gleich states. "We partnered with Quantix with a simple but bold goal: become the new benchmark for commodities investing and lead the space. Three years in, and we are delighted and on our way to achieving that goal, but we still have much work ahead." HGER is a non-diversified series of the Harbor ETF Trust. The ETF's other service providers include: Ernst & Young LLP as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company as custodian, dividend disbursing agent, and transfer agent. Printed from: MFWire.com/story.asp?s=69546 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |