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Harbor Dividend Growth Leaders ETF (GDIV)

A growth approach to help generate income

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Overview
Performance
Holdings
Investment Team
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Overview

Current Price

as of 1/31/2023

NAV Price

$12.22

NAV Daily Change ($)

$0.17

NAV Daily Change (%)

1.41%

NAV YTD Return

3.21%

Market Price

$12.21

Market Daily Change ($)

$0.16

Market Daily Change (%)

1.33%

Market YTD Return

3.21%

Fund Facts

Inception Date

4/30/2010

Expense Ratio (%)

0.50%

Total Net Assets (million)
(As of 2/1/2023)

$155.837

Shares Outstanding
(As of 2/1/2023)

12,752,033

Ticker

GDIV

Cusip

41151J703

ISIN

US41151J7037

Benchmark

S&P 500 Index

Exchange

NYSE

Distributor

Foreside Fund Services, LLC

Investment Objective

The Fund seeks long-term growth of capital.

Morningstar Category

Large Blend

Dividend Frequency

Annually

SEC 30-Day Unsubsidized Yield

(As of 12/31/2022)

1.99%

disclaimer

Dividend Yield

(As of 12/31/2022)

2.35%

disclaimer

Pricing/Trading

as of 1/31/2023

Bid/Ask Mid Price

$12.22

Closing Market Price

$12.21

Premium/Discount ($)

-$0.00

Premium/Discount (%)

0.00%

 

2022

Q1 2023

YTD

Days Traded at a Premium1411111
Days Traded at a Discount1399
30-Day Median Bid/Ask Spread

0.17%

Exchange Volume (Shares)

79,773

Trading Currency

USD

Historical Premium Discount to NAV

2022
Q1 2023
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Access companies with the potential for stable growth and growing dividends.

right quote

Performance

Average Annual Returns, Net of Fees

MONTH-END
QUARTER-END
YEAR-BY-YEAR
MONTH-BY-MONTH

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Dividend Growth Leaders ETF

4.83%

3.21%

-4.11%

10.37%

10.36%

11.25%

11.45%

0.50%

0.50%

Fund Market Price

4.66%

3.21%

-4.18%

10.34%

10.34%

11.25%

11.44%

--

--

S&P 500 Index

5.76%

6.28%

-8.22%

9.88%

9.54%

12.68%

12.35%

--

--

NASDAQ Dividend Achievers Select Total Return Index

5.88%

2.78%

-2.06%

9.72%

9.96%

11.77%

11.72%

--

--

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® 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.

Price History

CHART
TABLE

Ex-Date

Record Date

Payable Date

Ordinary Income

Short Term Capital Gains

Long Term Capital Gains

Total Distribution

12/21/2022

12/22/2022

12/27/2022

0.22647

--

0.46989

0.69636

Holdings

Portfolio Characteristics

as of 12/31/2022

Dividend Growth Leaders ETF

Number of Holdings

40

Wtd Avg Market Cap ($Mil)

299562.7

Price/Book Ratio

6.34

Adjusted Trailing P/E Ratio

21.3

% EPS Growth - Past 3 Yr

20.7

Return on Equity (%)

31.7

Forecasted P/E Ratio

16.7

Top Ten Holdings

as of 1/31/2023

Company Name [Ticker]

% of Net Assets

BROADCOM INC COMMON STOCK[AVGO]

5.5

APPLE INC COMMON STOCK USD.00001[AAPL]

4.6

HOME DEPOT INC COMMON STOCK USD.05[HD]

4.5

MICROSOFT CORP COMMON STOCK USD.00000625[MSFT]

4.2

CONOCOPHILLIPS COMMON STOCK USD.01[COP]

3.7

UNITEDHEALTH GROUP INC COMMON STOCK USD.01[UNH]

3.4

INTL BUSINESS MACHINES CORP COMMON STOCK USD.2[IBM]

3.3

ELI LILLY + CO COMMON STOCK[LLY]

3.2

ARTHUR J GALLAGHER + CO COMMON STOCK USD1.0[AJG]

3.1

UNION PACIFIC CORP COMMON STOCK USD2.5[UNP]

3.0

% of Total Holdings:

38.5%

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

as of 1/31/2023

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

BROADCOM INC COMMON STOCK [AVGO]

Equity

UNITED STATES

11135F101

14,770

585.01

8,640,597.70

5.5

APPLE INC COMMON STOCK USD.00001 [AAPL]

Equity

UNITED STATES

037833100

49,802

144.29

7,185,930.58

4.6

HOME DEPOT INC COMMON STOCK USD.05 [HD]

Equity

UNITED STATES

437076102

21,646

324.17

7,016,983.82

4.5

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

UNITED STATES

594918104

26,158

247.81

6,482,213.98

4.2

CONOCOPHILLIPS COMMON STOCK USD.01 [COP]

Equity

UNITED STATES

20825C104

46,744

121.87

5,696,691.28

3.7

UNITEDHEALTH GROUP INC COMMON STOCK USD.01 [UNH]

Equity

UNITED STATES

91324P102

10,593

499.19

5,287,919.67

3.4

INTL BUSINESS MACHINES CORP COMMON STOCK USD.2 [IBM]

Equity

UNITED STATES

459200101

37,912

134.73

5,107,883.76

3.3

ELI LILLY + CO COMMON STOCK [LLY]

Equity

UNITED STATES

532457108

14,349

344.15

4,938,208.35

3.2

ARTHUR J GALLAGHER + CO COMMON STOCK USD1.0 [AJG]

Equity

UNITED STATES

363576109

24,494

195.72

4,793,965.68

3.1

UNION PACIFIC CORP COMMON STOCK USD2.5 [UNP]

Equity

UNITED STATES

907818108

23,220

204.19

4,741,291.80

3.0

AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 [AIG]

Equity

UNITED STATES

026874784

69,179

63.22

4,373,496.38

2.8

DEVON ENERGY CORP COMMON STOCK USD.1 [DVN]

Equity

UNITED STATES

25179M103

66,181

63.24

4,185,286.44

2.7

PEPSICO INC COMMON STOCK USD.017 [PEP]

Equity

UNITED STATES

713448108

23,957

171.02

4,097,126.14

2.6

IDEX CORP COMMON STOCK USD.01 [IEX]

Equity

UNITED STATES

45167R104

17,014

239.68

4,077,915.52

2.6

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]

Equity

UNITED STATES

595017104

51,980

77.62

4,034,687.60

2.6

MERCK + CO. INC. COMMON STOCK USD.5 [MRK]

Equity

UNITED STATES

58933Y105

37,467

107.41

4,024,330.47

2.6

COCA COLA CO/THE COMMON STOCK USD.25 [KO]

Equity

UNITED STATES

191216100

64,204

61.32

3,936,989.28

2.5

TARGET CORP COMMON STOCK USD.0833 [TGT]

Equity

UNITED STATES

87612E106

22,430

172.14

3,861,100.20

2.5

QUALCOMM INC COMMON STOCK USD.0001 [QCOM]

Equity

UNITED STATES

747525103

28,793

133.21

3,835,515.53

2.5

CISCO SYSTEMS INC COMMON STOCK USD.001 [CSCO]

Equity

UNITED STATES

17275R102

77,868

48.67

3,789,835.56

2.4

ABBVIE INC COMMON STOCK USD.01 [ABBV]

Equity

UNITED STATES

00287Y109

25,553

147.75

3,775,455.75

2.4

NIKE INC CL B COMMON STOCK [NKE]

Equity

UNITED STATES

654106103

28,881

127.33

3,677,417.73

2.4

GILEAD SCIENCES INC COMMON STOCK USD.001 [GILD]

Equity

UNITED STATES

375558103

43,141

83.94

3,621,255.54

2.3

AMERICAN FINANCIAL GROUP INC COMMON STOCK [AFG]

Equity

UNITED STATES

025932104

23,010

142.59

3,280,995.90

2.1

TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0 [TT]

Equity

IRELAND

G8994E103

18,193

179.12

3,258,730.16

2.1

BANK OF AMERICA CORP COMMON STOCK USD.01 [BAC]

Equity

UNITED STATES

060505104

91,644

35.48

3,251,529.12

2.1

SUN COMMUNITIES INC REIT USD.01 [SUI]

Equity

UNITED STATES

866674104

20,281

156.86

3,181,277.66

2.0

CELANESE CORP COMMON STOCK USD.0001 [CE]

Equity

UNITED STATES

150870103

25,068

123.20

3,088,377.60

2.0

NEXSTAR MEDIA GROUP INC COMMON STOCK USD.01 [NXST]

Equity

UNITED STATES

65336K103

14,590

204.77

2,987,594.30

1.9

EQUITY LIFESTYLE PROPERTIES REIT USD.01 [ELS]

Equity

UNITED STATES

29472R108

39,024

71.78

2,801,142.72

1.8

CUMMINS INC COMMON STOCK USD2.5 [CMI]

Equity

UNITED STATES

231021106

11,202

249.54

2,795,347.08

1.8

ORACLE CORP COMMON STOCK USD.01 [ORCL]

Equity

UNITED STATES

68389X105

30,000

88.46

2,653,800.00

1.7

HERSHEY CO/THE COMMON STOCK USD1.0 [HSY]

Equity

UNITED STATES

427866108

11,587

224.60

2,602,440.20

1.7

COGENT COMMUNICATIONS HOLDIN COMMON STOCK USD.001 [CCOI]

Equity

UNITED STATES

19239V302

37,720

68.57

2,586,460.40

1.7

BLACKROCK INC COMMON STOCK USD.01 [BLK]

Equity

UNITED STATES

09247X101

3,070

759.21

2,330,774.70

1.5

BHP GROUP LTD SPON ADR ADR [BHP]

Equity

AUSTRALIA

088606108

32,415

70.15

2,273,912.25

1.5

ALLSTATE CORP COMMON STOCK USD.01 [ALL]

Equity

UNITED STATES

020002101

17,014

128.47

2,185,788.58

1.4

CHEVRON CORP COMMON STOCK USD.75 [CVX]

Equity

UNITED STATES

166764100

12,464

174.02

2,168,985.28

1.4

Total

--

--

--

--

--

152,629

98.1

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

1.9

Total Net Assets

--

--

--

--

--

--

100%

as of 12/31/2022

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Information Technology

25.8

25.8

Health Care

17.1

15.8

Financials

11.7

11.7

Industrials

9.4

8.6

Consumer Discretionary

9.0

9.8

Consumer Staples

8.9

7.2

Energy

6.4

5.2

Real Estate

4.6

2.7

Materials

3.5

2.8

Communication Services

3.1

7.3

Utilities

0.0

3.2

as of 12/31/2022

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Health Care

19.8

12.8

Consumer Discretionary

16.1

-10.2

Consumer Staples

13.6

12.7

Financials

12.1

13.6

Energy

11.1

22.8

Industrials

11.0

19.2

Information Technology

9.6

4.7

Communication Services

8.0

-1.4

Materials

7.3

15.0

Real Estate

0.4

3.8

Utilities

0.0

8.6

Investment Team

Westfield Management Company, L.P.


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.

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.

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.

Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value.

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.

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.

Dividend Growth is the annualized percentage rate of growth of a stock’s dividend over a period of time.

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.

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 © 2023 Harbor Capital Advisors, Inc. All rights reserved.