Harbor Dividend Growth Leaders ETF (GDIV)

A growth approach to help generate income.

Harbor Dividend Growth Leaders ETF (GDIV)

A growth approach to help generate income.

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Why Invest in GDIV?

Dividend payments are a way for companies to share profits with shareholders. This return of capital allows shareholders to receive income from their equity investments, which can be saved, spent, or reinvested. 

Reinvested dividends have historically driven a significant portion of stock market returns. 

A dividend growth approach offers access to companies we believe have the potential for increasing dividend payments. This approach can allow investors to participate in up markets and mitigate risk during down markets.


The Case for GDIV

Access income & growth opportunities through a strong strategy.

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Earn consistent income potential

We believe GDIV has the potential to offer income by investing in companies with growing dividends

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Hedge inflation

Companies that can increase dividend payments faster than the overall rate of inflation can help investors to maintain purchasing power amidst high inflationary environments

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Offset volatility

Companies that have a historical record of regularly increasing their dividends may prove more resilient to periods of economic weakness

Overview

Investment Team
Westfield Capital Management

Current Price

As of 1/5/2024

$13.27

Price (NAV)

-$0.01

NAV Daily Change ($)

-0.08%

NAV Daily Change (%)

-1.19%

NAV YTD Return

$13.28

Market Price

-$0.02

Market Daily Change ($)

-0.15%

Market Daily Change (%)

-1.26%

Market YTD Return

Fund Facts

As of 1/5/2024

4/30/2010

Inception Date

0.50

Expense Ratio (%)
disclaimer

$236.204

Total Net Assets (million)

17,802,033

Shares Outstanding
(As of 1/8/2024)

GDIV

Ticker

41151J703

Cusip

NYSE

Exchange

US41151J7037

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Quarterly

Dividend Frequency

Large Blend

Morningstar Category

S&P 500 Index

Benchmark

1.53%

SEC 30-Day Unsubsidized Yield
(As of 12/31/2023)
disclaimer

2.20%

Dividend Yield
(As of 11/30/2023)
disclaimer

23,680,750

Implied Liquidity™ (Shares)
disclaimer

$314,565,965.91

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks long-term growth of capital.

Pricing/Trading

As of 1/5/2024

$13.27

Bid/Ask Mid Price

$13.28

Closing Market Price

-$0.00

Premium/Discount ($)

-0.03%

Premium/Discount (%)

 

2023

Q1 2024

YTD

Days Traded at a Premium18933
Days Traded at a Discount6111

0.15%

30-Day Median Bid/Ask Spread

53,153

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

No Data Available

Access companies with the potential for stable growth and growing dividends.

Performance

Average Annual Returns, Net of Fees

Quarter-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Dividend Growth Leaders ETF - at NAV
11.52%
15.41%
15.41%
8.52%
14.57%
10.48%
11.55%
0.50%disclaimer
0.50%
Market Price
11.68%
15.68%
15.68%
8.58%
14.60%
10.49%
11.56%
--
--
S&P 500 Index
11.69%
26.29%
26.29%
10.00%
15.69%
12.03%
12.89%
--
--
NASDAQ Dividend Achievers Select Total Return Index
10.43%
14.17%
14.17%
8.46%
13.87%
10.75%
11.75%
--
--

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.

The NASDAQ US Dividend Achievers Select® Total Return Index is comprised of a select group of securities with at least ten consecutive years of increasing annual regular dividend payments. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

ETF performance prior to 5/23/22 is attributable to the Westfield Capital Dividend Growth Mutual Fund, Institutional Share class and/or Westfields private investment vehicle. The historical NAV of the predecessor are used for both NAV and Market Offer Price performance from inception to ETF listing date. Performance periods since GDIV listing date may contain NAV and MOP data of both the newly formed ETF and the predecessor fund performance. Please refer to the Fund prospectus for further details.

Chart

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2023
12/22/2023
12/27/2023
0.06541
--
--
0.06541
10/2/2023
10/3/2023
10/5/2023
0.04781
--
--
0.04781
7/3/2023
7/5/2023
7/7/2023
0.04959
--
--
0.04959
4/3/2023
4/4/2023
4/6/2023
0.05428
--
--
0.05428
12/21/2022
12/22/2022
12/27/2022
0.22647
--
0.46989
0.69636

Holdings

Portfolio Characteristics

As of 11/30/2023

471077.2

Wtd Avg Market Cap ($Mil)

6.44

Price/Book Ratio

24.8

Adjusted Trailing P/E Ratio

25.2

% EPS Growth - Past 3 Yr

30.94

Return on Equity (%)

21.8

Forecasted P/E Ratio

Top Ten Holdings

As of 1/8/2024

Company Name [Ticker]

% of Net Assets

MICROSOFT CORP[MSFT]
5.7
APPLE INC[AAPL]
5.4
ELI LILLY & CO[LLY]
4.0
UNITEDHEALTH GROUP INC[UNH]
3.9
BROADCOM INC[AVGO]
3.7
INTL BUSINESS MACHINES CORP[IBM]
3.6
ARTHUR J GALLAGHER & CO[AJG]
3.3
MERCK & CO. INC.[MRK]
2.6
MICROCHIP TECHNOLOGY INC[MCHP]
2.6
COCA-COLA CO/THE[KO]
2.5
% of Total Holdings:
37.3%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector and/or countries mentioned may change at any time and may not represent current or future investments.

As of 1/8/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

MICROSOFT CORP [MSFT]
EQUITY
594918104
36,728
367.75
13,506,722.00
5.7
APPLE INC [AAPL]
EQUITY
037833100
69,944
181.18
12,672,453.92
5.4
ELI LILLY & CO [LLY]
EQUITY
532457108
15,307
618.55
9,468,144.85
4.0
UNITEDHEALTH GROUP INC [UNH]
EQUITY
91324P102
17,058
537.38
9,166,628.04
3.9
BROADCOM INC [AVGO]
EQUITY
11135F101
8,407
1,049.28
8,821,296.96
3.7
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
53,226
159.16
8,471,450.16
3.6
ARTHUR J GALLAGHER & CO [AJG]
EQUITY
363576109
34,381
225.28
7,745,351.68
3.3
MERCK & CO. INC. [MRK]
EQUITY
58933Y105
52,584
117.22
6,163,896.48
2.6
MICROCHIP TECHNOLOGY INC [MCHP]
EQUITY
595017104
72,997
83.99
6,131,018.03
2.6
COCA-COLA CO/THE [KO]
EQUITY
191216100
100,623
59.67
6,004,174.41
2.5
CELANESE CORP [CE]
EQUITY
150870103
39,698
150.13
5,959,860.74
2.5
CDW CORP/DE [CDW]
EQUITY
12514G108
26,011
214.04
5,567,394.44
2.4
CISCO SYSTEMS INC [CSCO]
EQUITY
17275R102
109,363
50.09
5,477,992.67
2.3
PRIMERICA INC [PRI]
EQUITY
74164M108
25,524
207.93
5,307,205.32
2.2
AMERICAN INTERNATIONAL GROUP [AIG]
EQUITY
026874784
75,724
69.01
5,225,713.24
2.2
GILEAD SCIENCES INC [GILD]
EQUITY
375558103
60,591
83.31
5,047,836.21
2.1
IDEX CORP [IEX]
EQUITY
45167R104
23,883
211.18
5,043,611.94
2.1
WATSCO INC [WSO]
EQUITY
942622200
11,800
406.00
4,790,800.00
2.0
EQUINIX INC [EQIX]
EQUITY
29444U700
5,980
788.39
4,714,572.20
2.0
CINTAS CORP [CTAS]
EQUITY
172908105
7,948
577.26
4,588,062.48
1.9
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
128,726
34.43
4,432,036.18
1.9
NEW YORK COMMUNITY BANCORP [NYCB]
EQUITY
649445103
422,828
10.46
4,422,780.88
1.9
NXP SEMICONDUCTORS NV [NXPI]
EQUITY
N6596X109
20,913
205.72
4,302,222.36
1.8
MUELLER INDUSTRIES INC [MLI]
EQUITY
624756102
94,874
45.26
4,293,997.24
1.8
CHEVRON CORP [CVX]
EQUITY
166764100
28,361
150.40
4,265,494.40
1.8
WILLIAMS-SONOMA INC [WSM]
EQUITY
969904101
21,156
196.13
4,149,326.28
1.8
AMERIPRISE FINANCIAL INC [AMP]
EQUITY
03076C106
10,838
382.10
4,141,199.80
1.8
HERSHEY CO/THE [HSY]
EQUITY
427866108
21,448
187.64
4,024,502.72
1.7
ABBVIE INC [ABBV]
EQUITY
00287Y109
24,689
162.14
4,003,074.46
1.7
LENNAR CORP-A [LEN]
EQUITY
526057104
27,196
146.27
3,977,958.92
1.7
CONOCOPHILLIPS [COP]
EQUITY
20825C104
33,909
116.53
3,951,415.77
1.7
COGENT COMMUNICATIONS HOLDIN [CCOI]
EQUITY
19239V302
52,967
74.49
3,945,511.83
1.7
MCDONALD'S CORP [MCD]
EQUITY
580135101
13,384
288.99
3,867,842.16
1.6
GLOBAL PAYMENTS INC [GPN]
EQUITY
37940X102
30,286
127.39
3,858,133.54
1.6
SPIRIT REALTY CAPITAL INC [SRC]
EQUITY
84860W300
87,085
44.08
3,838,706.80
1.6
EQUITY LIFESTYLE PROPERTIES [ELS]
EQUITY
29472R108
54,791
69.04
3,782,770.64
1.6
SUN COMMUNITIES INC [SUI]
EQUITY
866674104
28,458
132.06
3,758,163.48
1.6
NEXTERA ENERGY INC [NEE]
EQUITY
65339F101
60,480
62.08
3,754,598.40
1.6
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
30,857
117.05
3,611,811.85
1.5
TRACTOR SUPPLY COMPANY [TSCO]
EQUITY
892356106
15,333
218.91
3,356,547.03
1.4
TJX COMPANIES INC [TJX]
EQUITY
872540109
36,526
91.71
3,349,799.46
1.4
FERGUSON PLC [FERG]
EQUITY
G3421J106
16,269
187.15
3,044,743.35
1.3
CME GROUP INC [CME]
EQUITY
12572Q105
14,490
199.19
2,886,263.10
1.2
CARDINAL HEALTH INC [CAH]
EQUITY
14149Y108
25,408
105.72
2,686,133.76
1.1
Total
--
--
--
--
--
231,579
97.8
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
2.2
Total Net Assets
--
--
--
--
--
--
100%

As of 9/30/2023

Dividend Growth Leaders ETF (GDIV)

S&P 500 Index

-

Information Technology

GDIV: 28.6%

Benchmark: 27.5%

-

Financials

GDIV: 14.3%

Benchmark: 12.8%

-

Health Care

GDIV: 14.1%

Benchmark: 13.4%

-

Industrials

GDIV: 12.1%

Benchmark: 8.3%

-

Consumer Staples

GDIV: 7.8%

Benchmark: 6.5%

-

Real Estate

GDIV: 6.4%

Benchmark: 2.4%

-

Consumer Discretionary

GDIV: 6.1%

Benchmark: 10.7%

-

Energy

GDIV: 5.0%

Benchmark: 4.7%

-

Materials

GDIV: 2.3%

Benchmark: 2.5%

-

Communication Services

GDIV: 1.5%

Benchmark: 8.9%

-

Utilities

GDIV: NaN%

Benchmark: 2.4%

GDIV: Dividend Growth Leaders ETF

Benchmark: S&P 500 Index

As of 11/30/2023

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Utilities

Economic sector icon
19.3
0.5

Materials

Economic sector icon
10.4
-0.1

Health Care

Economic sector icon
8.0
-1.0

Real Estate

Economic sector icon
7.5
1.4

Consumer Discretionary

Economic sector icon
5.2
-0.4

Financials

Economic sector icon
3.8
4.8

Information Technology

Economic sector icon
2.8
5.1

Industrials

Economic sector icon
1.2
-0.7

Consumer Staples

Economic sector icon
-5.0
-1.9

Communication Services

Economic sector icon
-8.2
2.4

Energy

Economic sector icon
-10.8
-4.5

Investment Team


Westfield Capital Management

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 partnership structure, which aligns the advancement of the organization with their clients and serves to attract and retain exceptional talent.

Documents

Name

Date

File

Important Information

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.

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.

Investments involve risk including the possible loss of principal. There is no guarantee the investment objective of the Fund will be achieved. The Fund's emphasis on dividend paying stocks involves the risk that such stocks may fall out of favor with investors and under-perform the market. There is no guarantee that a company will pay or continually increase its dividend. The Fund may invest in a limited number of companies or at times may be more heavily invested in particular sectors. As a result, the Fund's performance may be more volatile, and the value of its shares may be especially sensitive to factors that specifically effect those sectors. The Fund may invest in foreign securities which may be more volatile and less liquid due to currency fluctuation, political instability, government sanctions, social and economic risks. Foreign currencies can decline in value and can adversely affect the dollar value of the fund.

On or about May 20, 2022, the Fund acquired the assets and assumed the then existing known liabilities of the Predecessor Fund and the Fund is expected to be the performance successor of the reorganization. This means that the Predecessor Fund’s performance and financial history will be used by the Fund going forward from the date of reorganization. In the reorganization, former shareholders of the Predecessor Fund received shares of the Fund. Accordingly, the performance of the Fund for periods prior to the reorganization is the performance of the Predecessor Fund and the performance shown for periods prior to July 26, 2013 is the performance of a private investment vehicle that predated the Predecessor Fund. The private investment vehicle was managed by the Subadvisor using investment policies, objectives and guidelines that were in all material respects equivalent to the management of the Fund and Predecessor Fund. However, the private investment vehicle was not a registered investment company and so it was not subject to the same investment and tax restrictions as the Fund and Predecessor Fund. If it had been, its performance may have been lower. The performance of the Predecessor Fund has not been restated to reflect the annual operating expenses of the Fund, which are lower than those of the Predecessor Fund. Because the Fund has different fees and expenses than the Predecessor Fund, the Fund would also have had different performance results.

The FactSet dividend Yield Is calculated on a quarterly basis by taking the annual dividends per share, for each of the underlying securities held as of the report date, and dividing by the ending price.

Dividend Yield is the percentage a company pays out in dividends each year relative to its stock price.

Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.

Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.

30-Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.

Westfield Capital Management is a third-party subadvisor to the Harbor Dividend Growth Leaders ETF.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

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, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.