SMLL ETF — Harbor Active Small Cap ETF

Harbor Active Small Cap ETF (SMLL)

Updated October 16, 2026.

SMLL is an ETF. its trailing-12-month yield is 2.26%, its expense ratio is 0.80%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 8.0% over the past 2.1 years, 32.3 points behind SPY at 40.3%.

Harbor Active Small Cap ETF is an actively managed fund that invests primarily in equity securities of U.S. small cap companies, generally those within the Russell 2000® Index range, with a non-diversified portfolio structure. The fund carries an expense ratio of 0.80% and currently distributes on an annual basis; note that the latest distribution was special and may not recur regularly. The fund may appeal to investors seeking small cap equity exposure through active management, though prospective investors should be aware of the fund's recent inception and modest asset base.

SMLL performance versus SPY

Price and return data through 2026-10-16.

Total return is 8.0% over the past 2.1 years, 32.3 points behind SPY at 40.3%. Over the past year its total return — price change plus distributions reinvested — is 3.6%. Its deepest 1-year drawdown was 12.1%.

SMLL key facts

Distribution Safety Score™

50 · Unproven

Issuer

Harbor Capital Advisors

Asset type

ETF

Asset class

Equity

Inception date

08/28/2024

Expense ratio

0.80%

Distribution frequency

Annual

Trailing yield

2.26%

Last close

$20.89 (as of 2026-10-16)

AUM

$12,334,096

Average volume

1629.0

Dividend

$0.472

Ex-dividend date

12/19/2025

Payment date

12/24/2025

Beta

0.8495

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.26%) 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.

SMLL risks and drawbacks

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 12.1%.

Who may consider SMLL — and who may not

It is a weaker fit for investors who need monthly cash flow (SMLL pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SMLL

• All tickers starting with S

Tagged: Small Caps, Active.

Frequently asked questions

More securities from Harbor Capital Advisors.