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The Harbor Commodity All-Weather Strategy ETF (HGER) aims to mirror the performance of the Quantix Commodity Index. In Q2, HGER returned 0.79% (NAV), slightly underperforming its benchmark (1.07%) but significantly outperforming broader commodity markets (BCOM returned -3.08%). Precious Metals, particularly Gold, were the primary positive contributors, reaching record highs during the quarter.

The Harbor Commodity All-Weather Strategy ETF (HGER) is designed to align its investment outcomes with the Quantix Commodity Index. This approach focuses on a diverse array of commodities, with a particular emphasis on the overall composition of the index.

During the second quarter of 2025, the HGER ETF demonstrated a net asset value (NAV) return of 0.79%. This performance, while positive, was slightly below its benchmark, the Quantix Commodity Total Return Index (QCI), which posted a return of 1.07% over the same period. However, HGER significantly outperformed the broader commodity markets, as evidenced by the Bloomberg Commodity Index (BCOM) which recorded a negative return of -3.08%.

A detailed examination of the sector-wise contributions reveals that Precious Metals played a pivotal role in HGER's positive returns. Specifically, Gold emerged as the single most impactful commodity, reaching unprecedented price levels during the quarter. This robust performance in Gold was a key factor in mitigating the overall market headwinds and contributing to the ETF's resilience.

The HGER ETF's investment philosophy is centered on tracking the Quantix Commodity Index, ensuring a diversified exposure to various commodity markets. The fund's performance in Q2, characterized by its positive return and outperformance relative to the broader market, underscores its strategic positioning in an environment where certain commodity sectors, such as Precious Metals, experienced substantial gains. This highlights the importance of diversified commodity exposure and the potential for specific commodities like Gold to act as strong contributors during varying market conditions.