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Harbor Dividend Growth Leaders ETF (GDIV)

A growth approach to help generate income

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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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.


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

Current Price

As of 3/29/2023

$11.82

Price (NAV)

$0.13

NAV Daily Change ($)

1.11%

NAV Daily Change (%)

-0.17%

NAV YTD Return

$11.83

Market Price

$0.14

Market Daily Change ($)

1.20%

Market Daily Change (%)

--

Market YTD Return

Fund Facts

As of 3/29/2023

4/30/2010

Inception Date

0.50

Expense Ratio (%)
disclaimer

$157.269

Total Net Assets (million)

13,302,033

Shares Outstanding
(As of 3/30/2023)

GDIV

Ticker

41151J703

Cusip

NYSE

Exchange

US41151J7037

ISIN

Foreside Fund Services, LLC

Distributor
disclaimer

Annually

Dividend Frequency

Large Blend

Morningstar Category

S&P 500 Index

Benchmark

The Fund seeks long-term growth of capital.

Investment Objective

1.97%

SEC 30-Day Unsubsidized Yield
(As of 2/28/2023)
disclaimer

2.49%

Dividend Yield
(As of 2/28/2023)

Pricing/Trading

As of 3/29/2023

$11.83

Bid/Ask Mid Price

$11.83

Closing Market Price

$0.01

Premium/Discount ($)

0.06%

Premium/Discount (%)

 

2022

Q1 2023

YTD

Days Traded at a Premium1413434
Days Traded at a Discount132626

0.17%

30-Day Median Bid/Ask Spread

12,746

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

left quote

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

right quote

Performance

Average Annual Returns, Net of Fees

Quarter-End

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

11.21%

-12.17%

-12.17%

8.82%

10.54%

11.56%

11.25%

0.50%disclaimer

0.50%

Fund Market Price

11.02%

-12.24%

-12.24%

8.79%

10.52%

11.55%

11.25%

--

--

S&P 500 Index

7.56%

-18.11%

-18.11%

7.66%

9.42%

12.56%

11.90%

--

--

NASDAQ Dividend Achievers Select Total Return Index

13.47%

-9.52%

-9.52%

8.92%

10.45%

12.11%

11.56%

--

--

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.

Price History

Chart

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 2/28/2023

40

Number of Holdings

335924.6

Wtd Avg Market Cap ($Mil)

6.95

Price/Book Ratio

22.5

Adjusted Trailing P/E Ratio

19.9

% EPS Growth - Past 3 Yr

34.74

Return on Equity (%)

17.9

Forecasted P/E Ratio

Top Ten Holdings

As of 3/29/2023

Company Name [Ticker]

% of Net Assets

APPLE INC COMMON STOCK USD.00001[AAPL]

5.3

MICROSOFT CORP COMMON STOCK USD.00000625[MSFT]

4.9

UNITEDHEALTH GROUP INC COMMON STOCK USD.01[UNH]

3.8

ELI LILLY + CO COMMON STOCK[LLY]

3.7

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

3.3

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

3.1

PEPSICO INC COMMON STOCK USD.017[PEP]

2.9

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001[MCHP]

2.8

ABBVIE INC COMMON STOCK USD.01[ABBV]

2.7

CISCO SYSTEMS INC COMMON STOCK USD.001[CSCO]

2.7

% of Total Holdings:

35.2%

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 3/29/2023

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

APPLE INC COMMON STOCK USD.00001 [AAPL]

Equity

037833100

52,132

160.77

8,381,261.64

5.3

MICROSOFT CORP COMMON STOCK USD.00000625 [MSFT]

Equity

594918104

27,381

280.51

7,680,644.31

4.9

UNITEDHEALTH GROUP INC COMMON STOCK USD.01 [UNH]

Equity

91324P102

12,740

466.59

5,944,356.60

3.8

ELI LILLY + CO COMMON STOCK [LLY]

Equity

532457108

17,367

335.87

5,833,054.29

3.7

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

Equity

459200101

39,677

129.71

5,146,503.67

3.3

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

Equity

363576109

25,638

189.00

4,845,582.00

3.1

PEPSICO INC COMMON STOCK USD.017 [PEP]

Equity

713448108

25,068

180.67

4,529,035.56

2.9

MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 [MCHP]

Equity

595017104

54,414

80.87

4,400,460.18

2.8

ABBVIE INC COMMON STOCK USD.01 [ABBV]

Equity

00287Y109

26,747

158.00

4,226,026.00

2.7

CISCO SYSTEMS INC COMMON STOCK USD.001 [CSCO]

Equity

17275R102

81,510

51.17

4,170,866.70

2.7

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

Equity

191216100

67,217

61.86

4,158,043.62

2.6

HOME DEPOT INC COMMON STOCK USD.05 [HD]

Equity

437076102

14,641

283.36

4,148,673.76

2.6

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

Equity

58933Y105

39,202

104.92

4,113,073.84

2.6

IDEX CORP COMMON STOCK USD.01 [IEX]

Equity

45167R104

17,810

226.07

4,026,306.70

2.6

BROADCOM INC COMMON STOCK [AVGO]

Equity

11135F101

6,291

625.50

3,935,020.50

2.5

QUALCOMM INC COMMON STOCK USD.0001 [QCOM]

Equity

747525103

30,138

125.09

3,769,962.42

2.4

TARGET CORP COMMON STOCK USD.0833 [TGT]

Equity

87612E106

23,483

158.11

3,712,897.13

2.4

GILEAD SCIENCES INC COMMON STOCK USD.001 [GILD]

Equity

375558103

45,160

81.29

3,671,056.40

2.3

AMERICAN FINANCIAL GROUP INC COMMON STOCK [AFG]

Equity

025932104

30,550

119.74

3,658,057.00

2.3

NIKE INC CL B COMMON STOCK [NKE]

Equity

654106103

30,233

120.49

3,642,774.17

2.3

TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0 [TT]

Equity

G8994E103

19,046

185.10

3,525,414.60

2.2

DEVON ENERGY CORP COMMON STOCK USD.1 [DVN]

Equity

25179M103

69,277

49.79

3,449,301.83

2.2

PRIMERICA INC COMMON STOCK [PRI]

Equity

74164M108

19,043

167.75

3,194,463.25

2.0

CELANESE CORP COMMON STOCK USD.0001 [CE]

Equity

150870103

29,600

105.92

3,135,232.00

2.0

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

Equity

427866108

12,138

252.60

3,066,058.80

1.9

SUN COMMUNITIES INC REIT USD.01 [SUI]

Equity

866674104

21,233

136.13

2,890,448.29

1.8

UNITED PARCEL SERVICE CL B COMMON STOCK USD.01 [UPS]

Equity

911312106

15,022

191.47

2,876,262.34

1.8

ORACLE CORP COMMON STOCK USD.01 [ORCL]

Equity

68389X105

31,406

90.62

2,846,011.72

1.8

BLACKROCK INC COMMON STOCK USD.01 [BLK]

Equity

09247X101

4,259

657.22

2,799,099.98

1.8

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

Equity

060505104

95,929

28.67

2,750,284.43

1.7

CUMMINS INC COMMON STOCK USD2.5 [CMI]

Equity

231021106

11,726

232.71

2,728,757.46

1.7

EQUITY LIFESTYLE PROPERTIES REIT USD.01 [ELS]

Equity

29472R108

40,850

65.023

2,656,169.125

1.7

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

Equity

65336K103

15,275

170.49

2,604,234.75

1.7

COGENT COMMUNICATIONS HOLDIN COMMON STOCK USD.001 [CCOI]

Equity

19239V302

39,487

61.77

2,439,111.99

1.6

AMERIPRISE FINANCIAL INC COMMON STOCK USD.01 [AMP]

Equity

03076C106

8,081

301.64

2,437,552.84

1.5

DIAGEO PLC SPONSORED ADR ADR [DEO]

Equity

25243Q205

13,374

177.76

2,377,362.24

1.5

CHEVRON CORP COMMON STOCK USD.75 [CVX]

Equity

166764100

13,057

160.86

2,100,349.02

1.3

TEXAS ROADHOUSE INC COMMON STOCK USD.001 [TXRH]

Equity

882681109

19,173

107.92

2,069,150.16

1.3

BHP GROUP LTD SPON ADR ADR [BHP]

Equity

088606108

33,941

60.79

2,063,273.39

1.3

AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 [AIG]

Equity

026874784

41,991

48.70

2,044,961.70

1.3

CDW CORP/DE COMMON STOCK USD.01 [CDW]

Equity

12514G108

10,807

188.30

2,034,958.10

1.3

ANALOG DEVICES INC COMMON STOCK USD.167 [ADI]

Equity

032654105

8,208

189.17

1,552,707.36

1.0

Total

--

--

--

--

--

151,635

96.2

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

3.8

Total Net Assets

--

--

--

--

--

--

100%

As of 2/28/2023

Dividend Growth Leaders ETF (GDIV)

S&P 500 Index

-

Information Technology

GDIV: 27.7%

Benchmark: 27.3%

-

Health Care

GDIV: 13.9%

Benchmark: 14.4%

-

Industrials

GDIV: 11.5%

Benchmark: 8.6%

-

Financials

GDIV: 11.5%

Benchmark: 11.8%

-

Consumer Discretionary

GDIV: 9.1%

Benchmark: 10.6%

-

Consumer Staples

GDIV: 7.1%

Benchmark: 6.7%

-

Energy

GDIV: 6.9%

Benchmark: 4.8%

-

Real Estate

GDIV: 3.7%

Benchmark: 2.7%

-

Materials

GDIV: 3.5%

Benchmark: 2.8%

-

Communication Services

GDIV: 3.4%

Benchmark: 7.7%

-

Utilities

GDIV: 0.0%

Benchmark: 2.8%

GDIV: Dividend Growth Leaders ETF

Benchmark: S&P 500 Index

As of 2/28/2023

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Materials

Economic sector icon

4.6

-0.5

Communication Services

Economic sector icon

4.4

0.6

Information Technology

Economic sector icon

0.3

0.6

Utilities

Economic sector icon

0.0

-8.3

Industrials

Economic sector icon

-2.4

-0.3

Consumer Discretionary

Economic sector icon

-3.1

-0.1

Consumer Staples

Economic sector icon

-4.7

-6.0

Real Estate

Economic sector icon

-5.2

-1.6

Health Care

Economic sector icon

-8.9

-8.2

Financials

Economic sector icon

-9.3

-1.0

Energy

Economic sector icon

-16.0

-7.3

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

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.

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.