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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

As of 9/29/2023

$12.15

Price (NAV)

-$0.06

NAV Daily Change ($)

-0.49%

NAV Daily Change (%)

3.49%

NAV YTD Return

$12.15

Market Price

-$0.07

Market Daily Change ($)

-0.57%

Market Daily Change (%)

3.57%

Market YTD Return

Fund Facts

As of 9/29/2023

4/30/2010

Inception Date

0.50

Expense Ratio (%)
disclaimer

$206.299

Total Net Assets (million)

16,977,033

Shares Outstanding
(As of 10/2/2023)

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

The Fund seeks long-term growth of capital.

Investment Objective

1.78%

SEC 30-Day Unsubsidized Yield
(As of 9/30/2023)
disclaimer

2.30%

Dividend Yield
(As of 8/31/2023)

Pricing/Trading

As of 9/29/2023

$12.16

Bid/Ask Mid Price

$12.15

Closing Market Price

$0.00

Premium/Discount ($)

0.03%

Premium/Discount (%)

0.16%

30-Day Median Bid/Ask Spread

18,596

Exchange Volume (Shares)

USD

Trading Currency

Historical Premium Discount to NAV

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

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

-3.19%

3.49%

15.09%

8.55%

8.80%

10.17%

10.88%

0.50%disclaimer

0.50%

Fund Market Price

-3.27%

3.57%

14.99%

8.55%

8.80%

10.17%

10.88%

--

--

S&P 500 Index

-3.27%

13.07%

21.62%

10.15%

9.92%

11.91%

12.22%

--

--

NASDAQ Dividend Achievers Select Total Return Index

-4.10%

3.39%

17.31%

8.42%

9.05%

10.58%

11.16%

--

--

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

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 8/31/2023

45

Number of Holdings

426255.5

Wtd Avg Market Cap ($Mil)

6.5

Price/Book Ratio

24.8

Adjusted Trailing P/E Ratio

23.8

% EPS Growth - Past 3 Yr

34.63

Return on Equity (%)

22

Forecasted P/E Ratio

Top Ten Holdings

As of 9/29/2023

Company Name [Ticker]

% of Net Assets

APPLE INC[AAPL]

5.5

MICROSOFT CORP[MSFT]

5.3

ELI LILLY & CO[LLY]

4.7

UNITEDHEALTH GROUP INC[UNH]

3.9

ARTHUR J GALLAGHER & CO[AJG]

3.6

INTL BUSINESS MACHINES CORP[IBM]

3.4

BROADCOM INC[AVGO]

3.2

CISCO SYSTEMS INC[CSCO]

2.7

PEPSICO INC[PEP]

2.6

MICROCHIP TECHNOLOGY INC[MCHP]

2.6

% of Total Holdings:

37.5%

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 9/29/2023

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

APPLE INC [AAPL]

EQUITY

037833100

66,058

171.21

11,309,790.18

5.5

MICROSOFT CORP [MSFT]

EQUITY

594918104

34,695

315.75

10,954,946.25

5.3

ELI LILLY & CO [LLY]

EQUITY

532457108

18,143

537.13

9,745,149.59

4.7

UNITEDHEALTH GROUP INC [UNH]

EQUITY

91324P102

16,140

504.19

8,137,626.60

3.9

ARTHUR J GALLAGHER & CO [AJG]

EQUITY

363576109

32,484

227.93

7,404,078.12

3.6

INTL BUSINESS MACHINES CORP [IBM]

EQUITY

459200101

50,277

140.30

7,053,863.10

3.4

BROADCOM INC [AVGO]

EQUITY

11135F101

7,968

830.58

6,618,061.44

3.2

CISCO SYSTEMS INC [CSCO]

EQUITY

17275R102

103,284

53.76

5,552,547.84

2.7

PEPSICO INC [PEP]

EQUITY

713448108

31,761

169.44

5,381,583.84

2.6

MICROCHIP TECHNOLOGY INC [MCHP]

EQUITY

595017104

68,948

78.05

5,381,391.40

2.6

MERCK & CO. INC. [MRK]

EQUITY

58933Y105

49,674

102.95

5,113,938.30

2.5

CDW CORP/DE [CDW]

EQUITY

12514G108

24,575

201.76

4,958,252.00

2.4

COCA-COLA CO/THE [KO]

EQUITY

191216100

85,172

55.98

4,767,928.56

2.3

CELANESE CORP [CE]

EQUITY

150870103

37,506

125.52

4,707,753.12

2.3

IDEX CORP [IEX]

EQUITY

45167R104

22,567

208.02

4,694,387.34

2.3

PRIMERICA INC [PRI]

EQUITY

74164M108

24,128

194.01

4,681,073.28

2.3

AMERICAN INTERNATIONAL GROUP [AIG]

EQUITY

026874784

71,519

60.60

4,334,051.40

2.1

GILEAD SCIENCES INC [GILD]

EQUITY

375558103

57,223

74.94

4,288,291.62

2.1

WATSCO INC [WSO]

EQUITY

942622200

11,162

377.72

4,216,110.64

2.0

EQUINIX INC [EQIX]

EQUITY

29444U700

5,663

726.26

4,112,810.38

2.0

NIKE INC -CL B [NKE]

EQUITY

654106103

41,881

95.62

4,004,661.22

1.9

NXP SEMICONDUCTORS NV [NXPI]

EQUITY

N6596X109

19,757

199.92

3,949,819.44

1.9

NEW YORK COMMUNITY BANCORP [NYCB]

EQUITY

649445103

344,991

11.34

3,912,197.94

1.9

CHEVRON CORP [CVX]

EQUITY

166764100

23,170

168.62

3,906,925.40

1.9

ANALOG DEVICES INC [ADI]

EQUITY

032654105

21,845

175.09

3,824,841.05

1.9

CINTAS CORP [CTAS]

EQUITY

172908105

7,509

481.01

3,611,904.09

1.8

HERSHEY CO/THE [HSY]

EQUITY

427866108

17,709

200.08

3,543,216.72

1.7

CUMMINS INC [CMI]

EQUITY

231021106

14,855

228.46

3,393,773.30

1.6

AMERIPRISE FINANCIAL INC [AMP]

EQUITY

03076C106

10,240

329.68

3,375,923.20

1.6

BANK OF AMERICA CORP [BAC]

EQUITY

060505104

121,556

27.38

3,328,203.28

1.6

CONOCOPHILLIPS [COP]

EQUITY

20825C104

27,546

119.80

3,300,010.80

1.6

EQUITY LIFESTYLE PROPERTIES [ELS]

EQUITY

29472R108

51,762

63.71

3,297,757.02

1.6

MUELLER INDUSTRIES INC [MLI]

EQUITY

624756102

42,887

75.16

3,223,386.92

1.6

SUN COMMUNITIES INC [SUI]

EQUITY

866674104

26,903

118.34

3,183,701.02

1.5

DEVON ENERGY CORP [DVN]

EQUITY

25179M103

66,408

47.70

3,167,661.60

1.5

COGENT COMMUNICATIONS HOLDIN [CCOI]

EQUITY

19239V302

50,033

61.90

3,097,042.70

1.5

TRACTOR SUPPLY COMPANY [TSCO]

EQUITY

892356106

14,495

203.05

2,943,209.75

1.4

LENNAR CORP-A [LEN]

EQUITY

526057104

25,697

112.23

2,883,974.31

1.4

MCDONALD'S CORP [MCD]

EQUITY

580135101

10,679

263.44

2,813,275.76

1.4

SPIRIT REALTY CAPITAL INC [SRC]

EQUITY

84860W300

82,242

33.53

2,757,574.26

1.3

CME GROUP INC [CME]

EQUITY

12572Q105

13,693

200.22

2,741,612.46

1.3

DIAGEO PLC-SPONSORED ADR [DEO]

EQUITY

25243Q205

16,943

149.18

2,527,556.74

1.2

CARDINAL HEALTH INC [CAH]

EQUITY

14149Y108

24,013

86.319

2,072,787.752

1.0

FERGUSON PLC [FERG]

EQUITY

G3421J106

12,328

164.47

2,027,586.16

1.0

ILLINOIS TOOL WORKS [ITW]

EQUITY

452308109

8,711

230.31

2,006,230.41

1.0

AUTOMATIC DATA PROCESSING [ADP]

EQUITY

053015103

8,312

240.58

1,999,700.96

1.0

Total

--

--

--

--

--

204,308

98.9

Cash and Other Assets Less Liabilities

--

--

--

--

--

--

1.1

Total Net Assets

--

--

--

--

--

--

100%

As of 8/31/2023

Dividend Growth Leaders ETF (GDIV)

S&P 500 Index

-

Information Technology

GDIV: 29.6%

Benchmark: 28.2%

-

Health Care

GDIV: 14.8%

Benchmark: 13.1%

-

Financials

GDIV: 14.2%

Benchmark: 12.5%

-

Industrials

GDIV: 11.2%

Benchmark: 8.4%

-

Consumer Discretionary

GDIV: 8.2%

Benchmark: 10.6%

-

Consumer Staples

GDIV: 8.1%

Benchmark: 6.6%

-

Energy

GDIV: 5.4%

Benchmark: 4.4%

-

Real Estate

GDIV: 4.6%

Benchmark: 2.4%

-

Materials

GDIV: 2.2%

Benchmark: 2.5%

-

Communication Services

GDIV: 1.7%

Benchmark: 8.8%

-

Utilities

GDIV: 0.0%

Benchmark: 2.4%

GDIV: Dividend Growth Leaders ETF

Benchmark: S&P 500 Index

As of 8/31/2023

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Communication Services

Economic sector icon

16.3

9.3

Materials

Economic sector icon

14.0

11.1

Industrials

Economic sector icon

13.4

12.3

Financials

Economic sector icon

12.9

8.9

Energy

Economic sector icon

11.9

16.6

Health Care

Economic sector icon

9.5

4.7

Information Technology

Economic sector icon

8.5

8.0

Real Estate

Economic sector icon

2.5

3.8

Utilities

Economic sector icon

0.0

-2.3

Consumer Discretionary

Economic sector icon

-1.2

13.5

Consumer Staples

Economic sector icon

-4.1

1.7

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