GDIV
Harbor Dividend Growth Leaders ETF
GDIV is an actively managed fund of large-cap, dividend-paying companies in the developed markets. Holdings are selected using a bottom-up fundamental approach.
International
EQUITY
Active
MANAGEMENT STYLE
259.4 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | ORIX |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | May 23, 2022 |
| Assets (mns) | $259 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BROADCOM INC. | 6.4 % |
| MICROSOFT CORP | 5.9 % |
| APPLE INC | 5.1 % |
| ARTHUR J GALLAGHER & CO | 4.4 % |
| ELI LILLY & CO | 3.4 % |
| MUELLER INDUSTRIES INC | 3.0 % |
| META PLATFORMS INC | 2.9 % |
| COCA-COLA CO/THE | 2.8 % |
| PRIMERICA INC | 2.8 % |
| PFIZER INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 47 |
| Herfindahl-Hirschman Index | 275 |
| Wgt avg mkt cap (mns) | $542,034 |
| Large cap (>$10bn) | 85.4% |
| Mid cap ($2-10bn) | 14.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.6 % |
 |
IRELAND | 3.1 % |
 |
FRANCE | 1.9 % |
 |
BERMUDA | 1.3 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.3% | 3.1% | 8.6% | -- | -- | -- | -- | 4.0% |
| Dividend Yield | 0.0% | 0.8% | 1.6% | -- | -- | -- | -- | 4.8% |
| Total Returns | -6.3% | 3.8% | 10.3% | -- | -- | -- | -- | 8.8% | Ann. Volatility | 26.0% | 18.4% | 15.1% | -- | -- | -- | -- | 16.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 94% |
| MSCI EAFE | 0.76 | 70% |
| MSCI Emg Mkts | 0.54 | 35% |
Liquidity Measures
| Avg. volume (000) | 44 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $45,937 |
Technical Indicators
| Recent close | $14.28 |
| 30d moving avg. | $14.12 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GDIV |
Expenses vs. GDIV |
ALTAR Score™ vs. GDIV |
|---|---|---|---|---|
| QLTY | GMO U.S. Quality ETF | 30.5% | 0 bp | -0.4% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 29.5% | -35 bp | +0.9% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 29.0% | -18 bp | -0.2% |
| VIG | Vanguard Dividend Appreciation ETF | 29.0% | -44 bp | +0.5% |
| XLG | Invesco S&P 500 Top 50 ETF | 28.7% | -30 bp | -0.5% |
| USMC | Principal U.S. Mega-Cap ETF | 28.4% | -38 bp | -0.7% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 27.9% | -8 bp | -0.5% |
| QUAL | iShares MSCI USA Quality Factor ETF | 27.7% | -35 bp | +0.0% |
| PFM | Invesco Dividend Achievers ETF | 27.5% | +3 bp | +0.1% |
| JPEF | JPMorgan Equity Focus ETF | 27.5% | 0 bp | -0.7% |
Risk and Returns: GDIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GDIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
GDIV
5.6%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 251 funds in the International Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
1.8%. GDIV's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places GDIV in the 13rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GDIVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| GDIV (50 bp) Percentile rank | 38 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GDIV | 50.0 | 17.9 | 67.9 |
| Peer Avg. | 64.5 | 28.5 | 93.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .