
Harbor Dividend Growth Leaders ETF (GDIV)
A growth approach to help generate income
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Welcome
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.

Access income & growth opportunities through a strong strategy.

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

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

Companies that have a historical record of regularly increasing their dividends may prove more resilient to periods of economic weakness
Access companies with the potential for stable growth and growing dividends.
Performance
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
Total Distribution
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
Full Holdings
As of 6/1/2023
Company Name [Ticker]
Category Name
Country
Cusip
Shares
Current Price ($)
Market Value ($)
% of Net Assets
APPLE INC COMMON STOCK USD.00001 [AAPL]
Equity
037833100
57,304
180.09
10,319,877.36
5.9
MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]
Equity
594918104
30,100
332.58
10,010,658.00
5.7
ELI LILLY + CO COMMON STOCK [LLY]
Equity
532457108
19,077
436.49
8,326,919.73
4.8
UNITEDHEALTH GROUP INC COMMON STOCK USD.01 [UNH]
Equity
91324P102
13,974
493.63
6,897,985.62
3.9
ARTHUR J GALLAGHER + CO COMMON STOCK USD1.0 [AJG]
Equity
363576109
28,194
202.13
5,698,853.22
3.3
INTL BUSINESS MACHINES CORP COMMON STOCK USD.2 [IBM]
Equity
459200101
43,621
129.82
5,662,878.22
3.2
BROADCOM INC COMMON STOCK [AVGO]
Equity
11135F101
6,885
789.95
5,438,805.75
3.1
PEPSICO INC COMMON STOCK USD.017 [PEP]
Equity
713448108
27,528
182.19
5,015,326.32
2.9
MERCK + CO. INC. COMMON STOCK USD.5 [MRK]
Equity
58933Y105
43,094
110.93
4,780,417.42
2.7
MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]
Equity
595017104
59,802
76.66
4,584,421.32
2.6
CISCO SYSTEMS INC COMMON STOCK USD.001 [CSCO]
Equity
17275R102
89,610
49.74
4,457,201.40
2.6
COCA COLA CO/THE COMMON STOCK USD.25 [KO]
Equity
191216100
73,883
60.00
4,432,980.00
2.5
IDEX CORP COMMON STOCK USD.01 [IEX]
Equity
45167R104
19,572
201.32
3,940,235.04
2.3
QUALCOMM INC COMMON STOCK USD.0001 [QCOM]
Equity
747525103
33,125
115.83
3,836,868.75
2.2
PRIMERICA INC COMMON STOCK [PRI]
Equity
74164M108
20,914
181.45
3,794,845.30
2.2
AMERICAN FINANCIAL GROUP INC COMMON STOCK [AFG]
Equity
025932104
33,588
112.75
3,787,047.00
2.2
GILEAD SCIENCES INC COMMON STOCK USD.001 [GILD]
Equity
375558103
49,639
76.21
3,782,988.19
2.2
NIKE INC CL B COMMON STOCK [NKE]
Equity
654106103
36,326
103.29
3,752,112.54
2.1
DEVON ENERGY CORP COMMON STOCK USD.1 [DVN]
Equity
25179M103
76,154
46.78
3,562,484.12
2.0
TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0 [TT]
Equity
G8994E103
20,918
165.91
3,470,505.38
2.0
HERSHEY CO/THE COMMON STOCK USD1.0 [HSY]
Equity
427866108
13,317
259.66
3,457,892.22
2.0
CELANESE CORP COMMON STOCK USD.0001 [CE]
Equity
150870103
32,533
106.10
3,451,751.30
2.0
TARGET CORP COMMON STOCK USD.0833 [TGT]
Equity
87612E106
25,784
131.16
3,381,829.44
1.9
TEXAS ROADHOUSE INC COMMON STOCK USD.001 [TXRH]
Equity
882681109
29,496
109.41
3,227,157.36
1.8
SUN COMMUNITIES INC REIT USD.01 [SUI]
Equity
866674104
23,318
128.06
2,986,103.08
1.7
BANK OF AMERICA CORP COMMON STOCK USD.01 [BAC]
Equity
060505104
105,468
27.78
2,929,901.04
1.7
CDW CORP/DE COMMON STOCK USD.01 [CDW]
Equity
12514G108
16,756
173.28
2,903,479.68
1.7
EQUITY LIFESTYLE PROPERTIES REIT USD.01 [ELS]
Equity
29472R108
44,902
63.43
2,848,133.86
1.6
UNITED PARCEL SERVICE CL B COMMON STOCK USD.01 [UPS]
Equity
911312106
16,514
167.83
2,771,544.62
1.6
MUELLER INDUSTRIES INC COMMON STOCK USD.01 [MLI]
Equity
624756102
37,136
74.45
2,764,775.20
1.6
WATSCO INC COMMON STOCK USD.5 [WSO]
Equity
942622200
8,386
327.18
2,743,731.48
1.6
AMERIPRISE FINANCIAL INC COMMON STOCK USD.01 [AMP]
Equity
03076C106
8,881
303.73
2,697,426.13
1.5
COGENT COMMUNICATIONS HOLDIN COMMON STOCK USD.001 [CCOI]
Equity
19239V302
43,385
61.32
2,660,368.20
1.5
CUMMINS INC COMMON STOCK USD2.5 [CMI]
Equity
231021106
12,855
206.86
2,659,185.30
1.5
MCDONALD S CORP COMMON STOCK USD.01 [MCD]
Equity
580135101
9,237
286.35
2,645,014.95
1.5
CINTAS CORP COMMON STOCK [CTAS]
Equity
172908105
5,555
476.00
2,644,180.00
1.5
TRACTOR SUPPLY COMPANY COMMON STOCK USD.008 [TSCO]
Equity
892356106
12,533
206.32
2,585,808.56
1.5
NEW YORK COMMUNITY BANCORP COMMON STOCK USD.01 [NYCB]
Equity
649445103
244,150
10.56
2,578,224.00
1.5
DIAGEO PLC SPONSORED ADR ADR [DEO]
Equity
25243Q205
14,705
168.72
2,481,027.60
1.4
AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 [AIG]
Equity
026874784
46,151
53.74
2,480,154.74
1.4
ANALOG DEVICES INC COMMON STOCK USD.167 [ADI]
Equity
032654105
13,772
179.55
2,472,762.60
1.4
CHEVRON CORP COMMON STOCK USD.75 [CVX]
Equity
166764100
14,340
152.16
2,181,974.40
1.2
CME GROUP INC COMMON STOCK USD.01 [CME]
Equity
12572Q105
11,857
180.02
2,134,497.14
1.2
BHP GROUP LTD SPON ADR ADR [BHP]
Equity
088606108
37,302
56.39
2,103,459.78
1.2
SILGAN HOLDINGS INC COMMON STOCK USD.01 [SLGN]
Equity
827048109
32,931
44.45
1,463,782.95
0.8
Total
--
--
--
--
--
172,808
98.7
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
1.3
Total Net Assets
--
--
--
--
--
--
100%
Sector Allocation
As of 4/30/2023
Dividend Growth Leaders ETF (GDIV)
S&P 500 Index
Information Technology
GDIV: 26.0%
Benchmark: 25.7%
Health Care
GDIV: 15.2%
Benchmark: 14.4%
Financials
GDIV: 14.3%
Benchmark: 13.1%
Consumer Staples
GDIV: 11.6%
Benchmark: 7.4%
Industrials
GDIV: 11.0%
Benchmark: 8.5%
Consumer Discretionary
GDIV: 5.3%
Benchmark: 9.9%
Materials
GDIV: 4.1%
Benchmark: 2.6%
Energy
GDIV: 3.7%
Benchmark: 4.7%
Real Estate
GDIV: 3.6%
Benchmark: 2.5%
Communication Services
GDIV: 1.7%
Benchmark: 8.3%
Utilities
GDIV: 0.0%
Benchmark: 2.9%
GDIV: Dividend Growth Leaders ETF
Benchmark: S&P 500 Index
Sector Returns
As of 4/30/2023
Economic Sector
Dividend Growth Leaders ETF %
S&P 500 Index %
Consumer Staples
6.8
5.0
Information Technology
6.0
13.9
Health Care
5.5
0.5
Utilities
0.0
0.6
Industrials
-3.4
-1.6
Consumer Discretionary
-4.0
0.2
Communication Services
-6.7
9.2
Real Estate
-7.3
-6.3
Financials
-8.6
-7.1
Energy
-11.0
-4.2
Materials
-15.4
-4.4
Investment Team

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
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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