At a glance
INFO charges 0.35% a year, above the 0.11% average of the 8 funds most like it (the most expensive of 9). It has $842.7M in assets, the 8th largest of that group; it paid 0.32% of its price in distributions over the past 12 months, annual. Over the past year it returned +16.0% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds. Its ten largest positions make up 40.9% of the fund, out of 146 in all.
The short version
Harbor PanAgora Dynamic Large Cap Core ETF (INFO) is an actively managed fund. As of July 31, 2026, it held 146 large US stocks, chosen and weighted by PanAgora Asset Management's quantitative models. It tries to beat the S&P 500 while staying close to it. It returned 16% over the year to October 27, 2026, ahead of the eight similar funds we compared. The catch is cost: it charges 0.35% a year, while VOO charges 0.03%.
Price history
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INFO +16.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| INFO official prospectus, to Dec 31, 2025 | — | +19.54% | — | — | — | +17.68% |
| INFO price data to Oct 27, 2026 | +15.6% | +16.0% | — | — | — | +18.5% |
- Over the year to Oct 27, 2026, INFO returned +16.0%, 1st of 9 among similar funds.
- Its worst full calendar year was 2025 (+19.8%); its best was 2025 (+19.8%).
- The deepest fall in its price history was 19.6% (Jan 23, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +15.6% | — |
| 2025 | +19.8% | +19.54% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.0900 |
What's inside
As of Jul 31, 2026, the fund held 146 securities; the ten largest made up 40.92% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 7.99% | |
| Apple Inc | 7.61% | |
| Alphabet Inc | 6.34% | |
| Microsoft Corp | 5.34% | |
| Amazon.com Inc | 3.46% | |
| Broadcom Inc | 3.09% | |
| Meta Platforms Inc | 2.12% | |
| Eli Lilly & Co | 1.83% | |
| Micron Technology Inc | 1.63% | |
| Johnson & Johnson | 1.50% | |
| AbbVie Inc | 1.29% | |
| Philip Morris International Inc | 1.26% | |
| Advanced Micro Devices Inc | 1.09% | |
| NextEra Energy Inc | 1.01% | |
| Tesla Inc | 0.98% |
By country
United States 96.37%Ireland 1.26%Puerto Rico 0.48%Bermuda 0.42%Netherlands 0.4%By asset type
Stocks 99.79%By sector
Sectors of the companies held, for the 85.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $23.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +5.08%, -0.48%, +1.40%.
How it works
INFO does not track an index. Harbor hired PanAgora Asset Management as subadvisor to run the fund actively, and it measures itself against the S&P 500. At least 80% of net assets must go into large companies. The fund counts a company as large if its size falls within the range of the Russell 1000 or the S&P 500. As of December 31, 2025, those ranges started at $1.03 billion and $5.82 billion and topped out at $4.53 trillion. Most holdings are US companies.
PanAgora builds a separate forecasting model for each stock. Each model combines many "alpha factors" (alpha means return above the benchmark) grouped into value, momentum and quality. It adds in-house ESG (environmental, social and governance) factors drawn from sources such as corporate filings, earnings call transcripts and board makeup. ESG feeds into each stock's score but does not screen stocks out, so a company with a weak ESG score can still be bought.
An optimizer then sets position sizes. It seeks the most expected excess return for a given level of risk. It also watches tracking error (how far returns may drift from the S&P 500), market risk and concentration. The prospectus sets no fixed rebalancing schedule, and it reports portfolio turnover of 53%. The fund is non-diversified, so it may hold bigger stakes in fewer companies. It held no derivatives as of July 31, 2026.
What it really costs
- INFO charges 0.35% a year, versus an average of 0.11% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| INFO | $36 | $113 | $197 | $443 |
In a retirement portfolio
It holds a broad mix of large US stocks and had a one-year beta of 1, so it has moved much like the overall market while trying to beat the S&P 500.
INFO could fill the large-cap US stock slot that an S&P 500 fund often fills, but its record is short. It launched on October 8, 2024, so it was not around for the 2008, 2020 or 2022 sell-offs. Its only full calendar year, 2025, returned 19.54%. Within that year it fell 19.6% from January 23 to April 8, 2025, then regained its peak by June 24, about 2.5 months later. A retiree who had to sell near that low would have locked in a loss, and future drops may last longer.
It pays little income: the yield was 0.32% as of October 27, 2026, paid once a year. In the SEC's standard $10,000 example, the fund's 0.35% expense ratio adds up to $443 over 10 years. That is more than most similar funds charge. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a large-company fund where PanAgora's computer-driven models, including ESG (environmental, social, governance) factors, pick stocks to try to beat the S&P 500.
- Investors comfortable with concentration: the top 10 of 146 stocks, led by NVIDIA and Apple, held 41% of assets as of July 31, 2026.
- Long-term investors seeking price growth rather than income: the yield was 0.32% as of October 27, 2026, with payouts once a year.
Look elsewhere if
- Cost-focused investors: the 0.35% expense ratio was the highest of 9 funds compared, against a 0.11% peer average and 0.03% for Vanguard's VOO.
- Investors wanting a long track record: INFO launched in October 2024, so it has no results from the 2022 market slump or the 2008 crisis.
- Investors needing steadier values, such as retirees drawing cash soon: INFO fell 19.6% from January to April 2025, recovering by June 2025.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| INFO this fund | — | 0.35% | $842.7M | +16.0% | — |
| FYEE Fidelity Yield Enhanced Equity ETF | 59% | 0.28% | $218.3M | +15.1% | — |
| IWL iShares Russell Top 200 ETF | 58% | 0.15% | $2.19B | +12.5% | +25.5% |
| MGC Vanguard Mega Cap ETF | 57% | 0.07% | $10.90B | +13.5% | +26.0% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 56% | 0% | $5.47B | +13.4% | +25.4% |
| SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 56% | 0.2% | $2.74B | +12.6% | +24.8% |
| SPY SPDR S&P 500 ETF Trust | 55% | 0.0945% | $781.19B | +11.5% | +21.9% |
| VOO Vanguard S&P 500 ETF | 55% | 0.03% | $1.67T | +12.4% | +23.6% |
Questions investors ask
Is INFO an index fund or actively managed?
INFO is actively managed and has no index to track. Its subadvisor, PanAgora Asset Management, picks large-cap stocks with quantitative models built on value, momentum, quality and ESG factors. An optimizer then sets the weights to try to beat the S&P 500 without straying too far from it. This approach costs more, at 0.35% a year. The prospectus also warns of model risk: the factors may not predict returns.
What's the difference between INFO and VOO?
VOO tracks the S&P 500 and charges 0.03% a year. INFO is actively managed, uses the S&P 500 as its benchmark and charges 0.35%. About 55% of their holdings overlap. INFO returned 16% over the year to October 27, 2026. VOO returned 12.4% over the year to October 30, 2026. VOO is far larger: it had $1.67 trillion in net assets as of June 30, 2026, while INFO had $843 million as of July 31, 2026.
Does INFO pay a dividend?
Yes, but the dividend is small and paid once a year. Over the trailing 12 months the fund paid about $0.09 per share, a yield of 0.32% as of October 27, 2026. That is low for a stock fund. Technology made up 34.7% of the portfolio's covered assets as of July 31, 2026. Investors looking for steady income from their holdings would likely need other sources alongside it.
What are INFO's top holdings?
As of July 31, 2026, the largest positions were NVIDIA (8.0%), Apple (7.6%), Alphabet (6.3%), Microsoft (5.3%), Amazon (3.5%) and Broadcom (3.1%). The top 10 of its 146 holdings made up 40.9% of the fund. Technology was the biggest sector at 34.7% of covered assets, followed by financials at 10.8%. The fund is non-diversified, so it may hold larger stakes in fewer companies.
How much did INFO drop in 2025?
INFO's deepest decline was 19.6%, from January 23 to April 8, 2025. It got back to its earlier peak by June 24, 2025, about 2.5 months later. Its worst quarter was the first quarter of 2025, when it fell 5.5%. Even with that slump, the fund returned 19.54% for all of 2025. It launched in October 2024, so it has no record through earlier downturns such as 2020 or 2022.