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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 7/12/2024

$14.84

Price (NAV)

$0.11

NAV Daily Change ($)

0.75%

NAV Daily Change (%)

11.23%

NAV YTD Return

$14.86

Market Price

$0.11

Market Daily Change ($)

0.75%

Market Daily Change (%)

11.22%

Market YTD Return

Fund Facts

As of 7/12/2024

4/30/2010

Inception Date

0.50

Expense Ratio (%)
disclaimer

$273.875

Total Net Assets (million)

18,452,033

Shares Outstanding
(As of 7/15/2024)

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

1.40%

SEC 30-Day Unsubsidized Yield
(As of 6/30/2024)
disclaimer

1.97%

Dividend Yield
(As of 6/30/2024)

15,936,173

Implied Liquidity™ (Shares)
disclaimer

$234,768,210.61

Implied Liquidity
disclaimer

Investment Objective:

The Fund seeks long-term growth of capital.

Pricing/Trading

As of 7/12/2024

$14.85

Bid/Ask Mid Price

$14.86

Closing Market Price

$0.01

Premium/Discount ($)

0.05%

Premium/Discount (%)

 

2023

Q1 2024

Q2 2024

Q3 2024

YTD

Days Traded at a Premium1893840583
Days Traded at a Discount612223449

0.07%

30-Day Median Bid/Ask Spread

34,820

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
-0.75%
7.46%
16.01%
6.65%
12.39%
10.69%
11.69%
0.50%disclaimer
0.50%
Market Price
-0.95%
7.15%
15.76%
6.60%
12.36%
10.68%
11.68%
--
--
S&P 500 Index
4.28%
15.29%
24.56%
10.01%
15.05%
12.86%
13.55%
--
--
NASDAQ Dividend Achievers Select Total Return Index
0.96%
8.90%
15.33%
7.95%
11.91%
11.20%
11.99%
--
--

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

7/1/2024
7/1/2024
7/5/2024
0.05430
--
--
0.05430
4/1/2024
4/2/2024
4/4/2024
0.04134
--
--
0.04134
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 6/30/2024

41

Number of Holdings

611309.6

Wtd Avg Market Cap ($Mil)

7.77

Price/Book Ratio

26.4

Adjusted Trailing P/E Ratio

31

% EPS Growth - Past 3 Yr

30.94

Return on Equity (%)

22.1

Forecasted P/E Ratio

Top Ten Holdings

As of 7/11/2024

Company Name [Ticker]

% of Net Assets

MICROSOFT CORP[MSFT]
8.1
APPLE INC[AAPL]
7.5
BROADCOM INC[AVGO]
5.8
ARTHUR J GALLAGHER & CO[AJG]
3.7
INTL BUSINESS MACHINES CORP[IBM]
3.6
ELI LILLY & CO[LLY]
3.0
MERCK & CO. INC.[MRK]
2.7
MICROCHIP TECHNOLOGY INC[MCHP]
2.7
AMERICAN INTERNATIONAL GROUP[AIG]
2.6
COCA-COLA CO/THE[KO]
2.5
% of Total Holdings:
42.2%

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 7/11/2024

Company Name [Ticker]

Category Name

Country

Cusip

Shares

Current Price ($)

Market Value ($)

% of Net Assets

MICROSOFT CORP [MSFT]
EQUITY
594918104
48,560
454.70
22,080,232.00
8.1
APPLE INC [AAPL]
EQUITY
037833100
89,675
227.57
20,407,339.75
7.5
BROADCOM INC [AVGO]
EQUITY
11135F101
9,168
1,705.95
15,640,149.60
5.8
ARTHUR J GALLAGHER & CO [AJG]
EQUITY
363576109
37,400
270.12
10,102,488.00
3.7
INTL BUSINESS MACHINES CORP [IBM]
EQUITY
459200101
54,351
178.31
9,691,326.81
3.6
ELI LILLY & CO [LLY]
EQUITY
532457108
8,674
934.14
8,102,730.36
3.0
MERCK & CO. INC. [MRK]
EQUITY
58933Y105
57,241
128.97
7,382,371.77
2.7
MICROCHIP TECHNOLOGY INC [MCHP]
EQUITY
595017104
79,411
92.09
7,312,958.99
2.7
AMERICAN INTERNATIONAL GROUP [AIG]
EQUITY
026874784
91,702
76.96
7,057,385.92
2.6
COCA-COLA CO/THE [KO]
EQUITY
191216100
109,429
63.10
6,904,969.90
2.5
ABBVIE INC [ABBV]
EQUITY
00287Y109
39,165
169.91
6,654,525.15
2.4
PRIMERICA INC [PRI]
EQUITY
74164M108
27,777
238.30
6,619,259.10
2.4
META PLATFORMS INC-CLASS A [META]
EQUITY
30303M102
12,647
512.70
6,484,116.90
2.4
PFIZER INC [PFE]
EQUITY
717081103
223,334
28.66
6,400,752.44
2.4
CDW CORP/DE [CDW]
EQUITY
12514G108
28,341
223.82
6,343,282.62
2.3
WATSCO INC [WSO]
EQUITY
942622200
12,856
489.65
6,294,940.40
2.3
NXP SEMICONDUCTORS NV [NXPI]
EQUITY
N6596X109
22,736
274.58
6,242,850.88
2.3
CINTAS CORP [CTAS]
EQUITY
172908105
8,674
715.88
6,209,543.12
2.3
MUELLER INDUSTRIES INC [MLI]
EQUITY
624756102
103,048
59.30
6,110,746.40
2.2
CELANESE CORP [CE]
EQUITY
150870103
43,179
139.19
6,010,085.01
2.2
BANK OF AMERICA CORP [BAC]
EQUITY
060505104
140,013
41.81
5,853,943.53
2.2
NEXTERA ENERGY INC [NEE]
EQUITY
65339F101
75,354
74.70
5,628,943.80
2.1
IDEX CORP [IEX]
EQUITY
45167R104
26,011
202.79
5,274,770.69
1.9
WILEY (JOHN) & SONS-CLASS A [WLY]
EQUITY
968223206
113,829
45.89
5,223,612.81
1.9
AMERIPRISE FINANCIAL INC [AMP]
EQUITY
03076C106
11,818
439.82
5,197,792.76
1.9
VALERO ENERGY CORP [VLO]
EQUITY
91913Y100
34,804
146.64
5,103,658.56
1.9
ARES MANAGEMENT CORP - A [ARES]
EQUITY
03990B101
33,604
141.10
4,741,524.40
1.7
WILLIAMS COS INC [WMB]
EQUITY
969457100
106,366
42.67
4,538,637.22
1.7
TJX COMPANIES INC [TJX]
EQUITY
872540109
39,730
113.94
4,526,836.20
1.7
SANOFI-ADR [SNY]
EQUITY
80105N105
87,215
51.21
4,466,280.15
1.6
TRACTOR SUPPLY COMPANY [TSCO]
EQUITY
892356106
16,696
262.82
4,388,042.72
1.6
FIFTH THIRD BANCORP [FITB]
EQUITY
316773100
114,220
38.26
4,370,057.20
1.6
HERSHEY CO/THE [HSY]
EQUITY
427866108
23,339
186.79
4,359,491.81
1.6
STAG INDUSTRIAL INC [STAG]
EQUITY
85254J102
113,278
37.33
4,228,667.74
1.6
TAPESTRY INC [TPR]
EQUITY
876030107
96,688
43.48
4,203,994.24
1.5
FREEPORT-MCMORAN INC [FCX]
EQUITY
35671D857
76,174
51.51
3,923,722.74
1.4
GLOBAL PAYMENTS INC [GPN]
EQUITY
37940X102
38,388
96.84
3,717,493.92
1.4
FERGUSON PLC [FERG]
EQUITY
G3421J106
17,690
195.51
3,458,571.90
1.3
CUMMINS INC [CMI]
EQUITY
231021106
10,961
280.04
3,069,518.44
1.1
FIDELITY NATIONAL INFO SERV [FIS]
EQUITY
31620M106
40,290
75.58
3,045,118.20
1.1
BLUE OWL CAPITAL INC [OWL]
EQUITY
09581B103
159,723
17.46
2,788,763.58
1.0
Total
--
--
--
--
--
270,161
99.2
Cash and Other Assets Less Liabilities
--
--
--
--
--
--
0.8
Total Net Assets
--
--
--
--
--
--
100%

As of 6/30/2024

Dividend Growth Leaders ETF (GDIV)

S&P 500 Index

-

Information Technology

GDIV: 30.4%

Benchmark: 32.5%

-

Financials

GDIV: 19.6%

Benchmark: 12.4%

-

Industrials

GDIV: 12.5%

Benchmark: 8.1%

-

Health Care

GDIV: 11.9%

Benchmark: 11.7%

-

Energy

GDIV: 5.4%

Benchmark: 3.7%

-

Consumer Staples

GDIV: 4.2%

Benchmark: 5.8%

-

Cash

GDIV: 3.9%

Benchmark: NaN%

-

Materials

GDIV: 3.6%

Benchmark: 2.1%

-

Consumer Discretionary

GDIV: 3.4%

Benchmark: 10.0%

-

Utilities

GDIV: 2.0%

Benchmark: 2.3%

-

Communication Services

GDIV: 1.8%

Benchmark: 9.3%

-

Real Estate

GDIV: 1.5%

Benchmark: 2.2%

GDIV: Dividend Growth Leaders ETF

Benchmark: S&P 500 Index

As of 6/30/2024

Economic Sector

Dividend Growth Leaders ETF %

S&P 500 Index %

Utilities

Economic sector icon
11.5
4.7

Information Technology

Economic sector icon
6.6
13.8

Energy

Economic sector icon
2.1
-2.4

Communication Services

Economic sector icon
2.1
9.4

Consumer Staples

Economic sector icon
0.9
1.4

Health Care

Economic sector icon
-0.5
-1.0

Industrials

Economic sector icon
-3.2
-2.9

Financials

Economic sector icon
-3.6
-2.0

Real Estate

Economic sector icon
-5.6
-1.9

Consumer Discretionary

Economic sector icon
-6.9
0.6

Materials

Economic sector icon
-18.9
-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

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.