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.
Fund Basics
| Fund sponsor | ORIX |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 23, 2022 |
| Assets (mns) | $205 |
| 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
| APPLE INC | 5.5 % |
| MICROSOFT CORP | 5.3 % |
| ELI LILLY & CO | 4.7 % |
| UNITEDHEALTH GROUP INC | 3.9 % |
| ARTHUR J GALLAGHER & CO | 3.6 % |
| INTL BUSINESS MACHINES CORP | 3.4 % |
| BROADCOM INC. | 3.2 % |
| CISCO SYSTEMS INC | 2.7 % |
| MICROCHIP TECHNOLOGY INC | 2.6 % |
| PEPSICO INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 262 |
| Wgt avg mkt cap (mns) | $405,096 |
| Large cap (>$10bn) | 91.3% |
| Mid cap ($2-10bn) | 8.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
NETHERLANDS | 1.9 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.3% | 15.8% | -- | -- | -- | -- | -0.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 92% |
| MSCI EAFE | 0.81 | 78% |
| MSCI Emg Mkts | 0.51 | 36% |
Liquidity Measures
| Avg. volume (000) | 54 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $36,558 |
Technical Indicators
| Recent close | $12.06 |
| 30d moving avg. | $12.46 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| STXD | Strive 1000 Dividend Growth ETF | 34.0% | -15 bp | -0.5% |
| DUHP | Dimensional US High Profitability ETF | 31.9% | -29 bp | +1.2% |
| SDEP | SFP Core Equity Strategy | 31.6% | -50 bp | +0.1% |
| DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 31.6% | -22 bp | -0.2% |
| QUAL | iShares MSCI Usa Quality Factor ETF | 31.3% | -35 bp | -0.3% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 30.2% | -2 bp | +0.1% |
| BBLU | EA Bridgeway Blue Chip ETF | 30.2% | -35 bp | -0.4% |
| USMC | Principal U.S. Mega-Cap Multi-Factor Index ETF | 29.9% | -38 bp | -1.4% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 29.4% | -22 bp | +0.6% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 29.4% | +5 bp | -0.9% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 10/2/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
GDIV
6.6%
Cat. Avg
7.3%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.6% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 270 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.5%. GDIV's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GDIV in the 39th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GDIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GDIV | 50.0 | 17.8 | 67.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .