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Details
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Inception date
Dec 4, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Harbor Capital Advisors, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US41151J8282
CUSIP
41151J828
FIGI
BBG01J04VGJ8
Identifiers
ISIN US41151J8282
LSEQ is the first known hedge fund to ETF conversion in the industry. The fund aims to optimize returns while managing risk amid evolving market conditions by balancing long and short positions in US large and mid-cap stocks. The fund utilizes a multifactor model for long positions and a dedicated short model to identify potential underperformers. The approach is a proprietary macroeconomic regime model, which classifies market environments into value, neutral, or momentum regimes. This model determines gross and net exposure levels, value, quality, profitability, and momentum. Industry group selection is based on perceived alpha opportunities, focusing on sectors exhibiting the highest return dispersion. To manage risk, the fund maintains long and short exposures to counteract downside tail risk, gauged by the Sortino ratio. Investments may include T-bills, derivatives, limited foreign exposure, and reverse repurchase agreements. LSEQ started with $3.64 million in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Cash
Stocks120.02%
Health Technology10.64%
Non-Energy Minerals9.61%
Retail Trade8.34%
Consumer Services5.46%
Technology Services5.06%
Transportation4.83%
Distribution Services3.48%
Energy Minerals3.42%
Electronic Technology3.13%
Process Industries3.11%
Commercial Services2.89%
Utilities2.68%
Health Services2.68%
Communications2.13%
Industrial Services1.27%
Producer Manufacturing0.36%
Bonds, Cash & Other−20.02%
Cash53.69%
Miscellaneous−73.71%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
LSEQ assets under management is 15.25 M USD. It's fallen 9.91% over the last month.
LSEQ fund flows account for −7.36 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LSEQ pays dividends to its holders with the dividend yield of 1.82%. The last dividend (Dec 24, 2025) amounted to 0.61 USD. The dividends are paid annually.
LSEQ shares are issued by ORIX Corp. under the brand Harbor. The ETF was launched on Dec 4, 2023, and its management style is Active.
LSEQ expense ratio is 2.28% meaning you'd have to pay 2.28% of your investment to help manage the fund.
LSEQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LSEQ invests in stocks.
LSEQ price has fallen by −5.73% over the last month, and its yearly performance shows a 24.43% increase. See more dynamics on LSEQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −6.43% over the last month, have fallen by −6.43% over the last month, showed a −1.54% decrease in three-month performance and has increased by 22.36% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −6.43% over the last month, have fallen by −6.43% over the last month, showed a −1.54% decrease in three-month performance and has increased by 22.36% in a year.
LSEQ trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.