Why Advisors Need to Consider the Human Capital Factor® When Making Investments

Irrational Capital’s research has shown a distinct correlation between companies exhibiting positive workplaces and potential future profitability and stock outperformance. However, not all companies do an equal job of investing in their "human capital," opening a market inefficiency that has the opportunity to be exploited by the right active manager. Backed by compelling research, the human capital factor goes beyond sales projections and earnings estimates to evaluate businesses on their most overlooked intangible assets driving future equity returns: their workforce.

Join the experts at Harbor Capital Advisors and Irrational Capital to learn more about human capital factor investment strategy has the potential to generate additional alpha.

January 18, 2024
11am PT | 2pm ET
1 CE Credit
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Topics will include:

  • Why Harbor and Irrational Capital believe that their data shows that companies that do the right thing tend to perform well.
  • An objective systematic framework for evaluating human capital, which is so often missed in traditional calculations of company value.
  • Where we feel an ETF strategy that harnesses the human capital factor can fit into a diversified investment portfolio.

Accepted for one hour of CFP/IWI/The American College Board CE credit for live and on-demand attendees

CFA Institute members are encouraged to self-document their continuing professional development activities in their online CE tracker.


Connor Delaney

Director, Investment Specialist
Harbor Capital Advisors Inc.

Scott Colson

Chief Investment Officer
Irrational Capital

Todd Rosenbluth

Head of Research

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Important Disclosures

For Institutional Use Only – Not for Distribution to the Public.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, visit harborcapital.com or call 800-422-1050. Read it carefully before investing. All investments involve risk including the possible loss of principal.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

HAPI Risks: Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.

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. The Fund may not exactly track the performance of the Index with perfect accuracy at all times. Tracking error may occur because of pricing differences, timing and costs incurred by the fund or during times of heightened market volatility.

The Fund relies on the Index provider’s methodology in assessing whether a company may be considered a corporate culture leader. There is no guarantee that the construction methodology will accurately assess a company to include or exclude it from the index which could have an adverse effect on the Fund’s returns. The Fund’s assets may be concentrated in a particular sector or industries to the extent the Index is concentrated and is subject to the risk that economic, political, or other market conditions that have a negative effect on that sector or industry will negatively impact the value of the Fund.

Companies in the information technology sector can be significantly affected by short product cycles, obsolescence of existing technology, impairment or loss of intellectual property rights, falling prices and profits, competition from new market entrants, government regulation and other factors.

Investing entails risks and there can be no assurance that any investment will achieve profits or avoid incurring losses.

Diversification does not assure a profit or protect against loss in a declining market.

Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.