GDIV: HARBOR DIVIDEND GROWTH LEADERS ETF
Harbor Dividend Growth Leaders ETF (GDIV)
The Harbor Dividend Growth Leaders ETF (GDIV) is designed to invest in companies that grow their dividends over time. It focuses on balancing share-price growth with regular cash payments to investors.
What the Numbers Show
The data shows that GDIV has seen positive growth across several timeframes. The current price is $18.37.
• Price Return: This measures only the change in the share price. The one-year price return is 13.97%, and the three-year price return is 50.20%. Year-to-date (YTD), the price return is 10.16%.
• Total Return: This reflects the overall return, including distributions. The one-year total return is 15.51%, and the three-year total return is 56.24%. The YTD total return is 11.11%.
Because the total return is higher than the price return, it shows that investors earned money from both the rising share price and the cash distributions.
Income and Distribution Explanation
GDIV provides cash distributions to its investors. It usually pays these distributions quarterly, with four payments made in the last 12 months.
The distribution yield is 1.27%. It is important for beginners to remember that a distribution yield is not the same as a total return. While this yield provides a small amount of steady cash, the majority of the fund's recent growth has come from the increase in the share price.
NAV Erosion Explanation
NAV erosion happens when the actual value of the fund's underlying assets drops over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, based on price-based evidence, the erosion score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The fund holds 54 different assets. As of October 12, 2026, the top holdings (which are a partial list) include:
• Apple Inc: 5.69%
• Eli Lilly and Co: 4.21%
• Mueller Industries Inc: 3.73%
• Microsoft Corp: 3.26%
• Williams Companies Inc: 3.16%
Pros
• Strong three-year total return of 56.24%.
• Positive price growth over the short and long term.
• No price erosion detected according to the erosion score.
Cons
• The distribution yield is relatively low (1.27%) compared to funds that focus solely on high immediate income.
Beginner Takeaway
GDIV is an ETF that seeks growth through dividend-paying companies. Unlike some high-yield funds where the share price falls while paying out cash, GDIV's share price and total returns have both increased over the last three years. It provides a modest amount of income while focusing more on the overall growth of the investment.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | APPLE INC | AAPL | 5.69% |
| 2 | ELI LILLY AND CO | LLY | 4.21% |
| 3 | MUELLER INDUSTRIES INC | MLI | 3.73% |
| 4 | MICROSOFT CORP | MSFT | 3.26% |
| 5 | WILLIAMS COMPANIES INC | WMB | 3.16% |
| 6 | JOHNSON & JOHNSON | JNJ | 2.96% |
| 7 | MITSUBISHI UFJ FINANCIAL GROUP INC ADR | MUFG | 2.80% |
| 8 | SUMITOMO MITSUI FINANCIAL GROUP INC ADR | SMFG | 2.77% |
| 9 | BROADCOM INC | AVGO | 2.73% |
| 10 | COCA-COLA CO | KO | 2.71% |