Harbor Capital Advisors, Inc. (“Harbor”), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, launched its latest exchange-traded fund (ETF), the Harbor Health Care ETF (MEDI). This is the 11th ETF for the firm’s growing lineup of ETFs that span several investment themes and asset classes. Along with ETFs, Harbor Capital offers a curated experience of mutual funds and collective investment trusts (CITs).

MEDI will be subadvised by Westfield Capital Management Company, L.P. (“Westfield”). Westfield is a long-term Harbor partner, having managed the Harbor Small Cap Growth Fund since 2000, a sleeve of the Harbor Disruptive Innovation Fund and Harbor Disruptive Innovation ETF since 2021, and the Harbor Dividend Growth Leaders ETF since 2022.

MEDI is an active, fully transparent ETF that will seek long-term growth of capital by investing primarily in securities of companies principally engaged in the research, development, production, or distribution of products and services related to the health care industry.

The health care team at Westfield has deep domain expertise and specialization across the health care sector. Exposures will be broadly diversified across health care industry groups including biotechnology, life sciences, healthcare providers, healthcare equipment, pharmaceuticals, and other subindustries.

“We think the health care sector is ripe for exceptional managers to add attractive alpha as the sector expects to benefit from several structural tailwinds such as globally aging populations and advanced science and technology driving drug innovation and treatment. Westfield has proven to be exceptional stock pickers over the past 20 years, particularly in the Healthcare sector and we’re excited to bring that capability directly to the market with this latest thematic offering from Harbor Capital,” said Kristof Gleich, President and CIO, Harbor Capital.

MEDI will be led by two of Westfield’s seasoned health care investors. Will Muggia, President, CEO and CIO, has covered the health care sector for over 30 years and Matt Renna, Partner, has over 18 years of health care investing experience.

“We are excited to build upon the long-standing partnership with Harbor Capital, by offering investors a pure play vehicle into health care growth equities across the entire market cap spectrum. MEDI seeks to leverage Westfield Capital’s tenured team and process to identify the best secular growth stories within each subsector of health care. Market and sector volatility over the last year has presented compelling investment opportunities in some of the highest quality businesses in U.S. health care, and we are seeing exceptional value in many companies, whose products, technologies, and services offer solutions to all stakeholders within the health care ecosystem. We believe that the convergence of innovation and value-based care within the sector will drive above market shareholder returns over the next decade,” said Matt Renna, Partner, Westfield Capital.

About Harbor Capital

Harbor Capital is dedicated to helping clients achieve investment objectives with an active, cost-aware investing approach. For more than 30 years, our investment team has served as a guide for clients, developing portfolio strategies based on rigorous research and market analysis; sourcing select specialists and deep insights in each asset class; and evaluating performance to ensure that decisions remain in the best interests of our clients. Headquartered in Chicago, Harbor Capital Advisors had total assets under management of approximately $38 billion as of September 30, 2022. For more information, visit harborcapital.com.

About Westfield

Westfield Capital Management Company, L.P. is dedicated to providing strong and consistent investment performance based on a disciplined, team-based approach, with exceptional client service. Westfield believes their greatest strength comes from the collective wisdom of a fully engaged and inspired team working together with clear objectives. Additionally, Westfield embraces their employee ownership structure, which aligns the advancement of the organization with their clients, and serves to attract and retain exceptional talent.

CALL 1-800-422-1050 TO OBTAIN A PRE-EFFECTIVE PROSPECTUS. BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions. Foreign currencies can decline in value and can adversely affect the dollar value of the fund. Since the Fund typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies. Authorized Participant Concentration/Trading Risk: Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. The Fund is classified as non-diversified. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers. It is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio. There can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees may determine to liquidate the Fund. Small and Mid-Cap Risk: The Fund’s performance may be more volatile because it may invest in issuers that are smaller companies.

Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has limited operating history to judge.

Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Alpha is a measure of risk (beta)-adjusted return.

Foreside Fund Services, LLC. is the Distributor of the Harbor Health Care ETF.

Harbor Funds Distributors, Inc. is the Distributor of the Harbor Small Cap Growth Fund and Harbor Disruptive Innovation Fund.

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