EPMV: HARBOR MID CAP VALUE ETF
ETF Education Report: HARBOR MID CAP VALUE ETF (EPMV)
What this ETF is trying to do
The HARBOR MID CAP VALUE ETF (EPMV) is an exchange-traded fund listed on the NYSE. While the specific investment goal isn't detailed in the data, the name suggests it focuses on "mid-cap value" companies. This generally means it looks for medium-sized companies that may be priced lower than their actual worth.
What the numbers show
When looking at ETF performance, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For EPMV, the one-year price return was approximately 14.98%. The year-to-date (YTD) price return was approximately 13.52%.
• Total Return: This includes the share price change plus any cash distributions (dividends) paid out. The one-year total return for EPMV was approximately 16.67%. The YTD total return was approximately 13.52%.
To visualize the price change, we can look at an estimated example. The current price is $25.66. An estimated price from roughly one year ago was approximately $22.32.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. EPMV has a distribution yield of approximately 1.30%. This means the cash distributions are about 1.30% of the ETF's price. The trailing distributions were approximately $0.33 per share. These payments are described as "irregular" or "less frequent," with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of an ETF's underlying assets declines significantly. It is important to note that a falling share price does not always mean NAV erosion is happening. In the case of EPMV, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in this portfolio (note that this is a partial list):
• FLEX LTD (3.97%)
• CUMMINS INC (3.47%)
• ON SEMICONDUCTOR CORP (2.97%)
• APPLIED MATERIALS INC (2.52%)
• SYNOPSYS INC (2.34%)
• RAYMOND JAMES FINANCIAL INC (2.33%)
• STIFEL FINANCIAL CORP (2.25%)
• AVNET INC (2.13%)
• POPULAR INC (2.12%)
• INTERCONTINENTAL EXCHANGE INC (2.11%)
Pros
• The ETF has shown positive price returns over the last year and year-to-date.
• The total return is higher than the price return, meaning distributions added value to the overall return.
• The erosion-risk measurement is rated as "good."
Cons
• Distributions are irregular and occur less frequently.
• The list of holdings provided is only a partial view of the total 61 holdings.
Beginner takeaway
When studying EPMV, remember that price returns and total returns tell different stories. The total return is a more complete picture because it includes the cash paid out to investors. Also, while this ETF provides some income through its 1.30% yield, high yields can sometimes be misleading if the share price is falling; however, this ETF currently shows no detected price erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FLEX LTD | FLEX | 3.97% |
| 2 | CUMMINS INC | CMI | 3.47% |
| 3 | ON SEMICONDUCTOR CORP | ON | 2.97% |
| 4 | APPLIED MATERIALS INC | AMAT | 2.52% |
| 5 | SYNOPSYS INC | SNPS | 2.34% |
| 6 | RAYMOND JAMES FINANCIAL INC | RJF | 2.33% |
| 7 | STIFEL FINANCIAL CORP | SF | 2.25% |
| 8 | AVNET INC | AVT | 2.13% |
| 9 | POPULAR INC | BPOP | 2.12% |
| 10 | INTERCONTINENTAL EXCHANGE INC | ICE | 2.11% |