AELV ETF — Harbor AlphaEdge Large Cap Value ETF

Harbor AlphaEdge Large Cap Value ETF (AELV)

Updated October 2, 2026.

AELV is an ETF. its distribution rate is 1.37%, its trailing-12-month yield is 1.37%, its expense ratio is 0.25%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -1.1% over the past 0.2 years, 5.5 points behind SPY at 4.4%.

At the current 1.37% distribution rate, a $10,000 investment would generate approximately $137 per year if the next payment matches the last regular one.

Harbor AlphaEdge Large Cap Value ETF (ticker AELV; formerly VLLU until 2026-08-31) tracks a proprietary index of large-cap U.S. equities selected for attractive valuations and positive fundamental and price characteristics, using a rules-based methodology developed by Harbor Capital Advisors. The fund carries a modest expense ratio of 0.25% and generates a moderate distribution rate, though it does not maintain a regular distribution schedule. It appeals to value-oriented equity investors seeking exposure to large-cap stocks at a low cost.

AELV performance versus SPY

Price and return data through 2026-10-02.

Total return is -1.1% over the past 0.2 years, 5.5 points behind SPY at 4.4%.

AELV key facts

Distribution Safety Score™

50 · Unproven

Issuer

Harbor Capital Advisors

Asset type

ETF

Asset class

Equity

Inception date

09/04/2024

Expense ratio

0.25%

Distribution rate

1.37%

Distribution frequency

Annual

Trailing yield

1.37%

Last close

$26.16 (as of 2026-10-02)

AUM

$2,600,935

Average volume

100.0

Last dividend

$0.358

Last ex-dividend date

12/19/2025

Last payment date

12/24/2025 (as of 2025-12-24)

P/E ratio

18.7647

How Dividend Vision calculates yield and returns

Distribution rate (1.37%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Harbor Capital Advisors; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AELV risks and drawbacks

AELV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider AELV — and who may not

It is a weaker fit for investors who need monthly cash flow (AELV pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Harbor Capital Advisors.