HAPS ETF — Harbor Human Capital Factor US Small Cap ETF

Harbor Human Capital Factor US Small Cap ETF (HAPS)

Updated October 16, 2026.

HAPS is an ETF. its distribution rate is 0.49%, its trailing-12-month yield is 0.49%, its expense ratio is 0.61%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 45.9% over the past 3.5 years, 46.9 points behind SPY at 92.8%.

Harbor Human Capital Factor US Small Cap ETF is an ETF that invests at least 80% of its assets in a modified market-cap-weighted portfolio of approximately 200 small-cap U.S. companies selected by Irrational Capital LLC using a proprietary methodology to identify firms with strong corporate culture. The fund carries a modest current distribution rate with annual distributions and has an expense ratio of 0.61%. It may appeal to equity investors seeking small-cap exposure with a focus on companies demonstrating strong workplace culture characteristics.

HAPS performance versus SPY

Price and return data through 2026-10-16.

Total return is 45.9% over the past 3.5 years, 46.9 points behind SPY at 92.8%. Over the past year its total return — price change plus distributions reinvested — is 17.6%. Its deepest 1-year drawdown was 10.0%.

HAPS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Harbor Capital Advisors

Asset type

ETF

Asset class

Equity

Inception date

04/12/2023

Expense ratio

0.61%

Distribution rate

0.49%

Distribution frequency

Annual

Trailing yield

0.49%

Last close

$36.13 (as of 2026-10-16)

AUM

$167,282,870

Average volume

482.0

Dividend

$0.178

Ex-dividend date

12/19/2025

Payment date

12/24/2025

Beta

1.16

How Dividend Vision calculates yield and returns

Distribution rate (0.49%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.49%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Harbor Capital Advisors; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HAPS risks and drawbacks

HAPS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.0%.

Who may consider HAPS — and who may not

It is a weaker fit for investors who need monthly cash flow (HAPS pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on HAPS

• All tickers starting with H

Tagged: Small Caps.

Frequently asked questions

More securities from Harbor Capital Advisors.