AREA vs. KBWP ETF Comparison

Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP)
AREA

Harbor AlphaEdge Next Generation REITs ETF

AREA Description

AREA targetsNext Generation REITs through a proprietary rules-based methodology. Instead of traditional office, multi-family, retail, and industrial REITs, the fund favors non-traditional REITs (e.g., data center, gaming, healthcare & life sciences, hotel & motel, manufactured homes, and self-storage). From an index universe of 3,000 US-listed securities, the fund relies on FactSets RBICS sub-industry classification in filtering Next-Gen REITs. Each qualified company is scored across five factor composites (capital deployment, momentum, quality, risk, and valuation) for a combined stock selection score based on prevailing business cycle regimes. The index provider then selects and weights securities using an optimizer that measures the risk-adjusted returns of the portfolio against a benchmark with similar holdings. The fund holds between 35 and 70 REITs, subject to certain capping limits. The index is reconstituted and rebalanced monthly.

Grade (RS Rating)

Last Trade

$19.86

Average Daily Volume

229

Number of Holdings *

34

* may have additional holdings in another (foreign) market
KBWP

PowerShares KBW Property & Casualty Insurance Portfolio ETF

KBWP Description The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$113.45

Average Daily Volume

68,358

Number of Holdings *

24

* may have additional holdings in another (foreign) market
Performance
Period AREA KBWP
30 Days -4.09% -2.13%
60 Days -1.54%
90 Days 6.03%
12 Months 29.68%
0 Overlapping Holdings
Symbol Grade Weight in AREA Weight in KBWP Overlap
AREA Overweight 34 Positions Relative to KBWP
Symbol Grade Weight
LAMR B 7.21%
WY D 6.92%
AMT D 6.47%
SBAC D 6.22%
HST D 5.36%
CUBE D 5.19%
IRM B 4.04%
EPR D 3.74%
SBRA B 3.68%
RYN C 3.62%
ELS D 3.57%
DRH D 3.42%
VICI D 3.23%
EXR D 2.94%
SHO D 2.86%
NHI C 2.73%
OHI B 2.57%
DOC C 2.52%
PSA D 2.51%
LAND F 2.34%
CCI D 2.15%
LTC A 1.74%
PK F 1.61%
OUT C 1.4%
NSA D 1.17%
INN F 1.03%
VTR B 0.99%
INVH F 0.93%
DHC D 0.49%
GLPI D 0.48%
SILA C 0.34%
BHR D 0.3%
WELL A 0.27%
XHR C 0.25%
AREA Underweight 24 Positions Relative to KBWP
Symbol Grade Weight
TRV B -8.87%
CB C -8.16%
ALL C -8.02%
AIG B -7.9%
PGR D -7.71%
RNR C -4.24%
SIGI C -4.12%
RLI B -4.07%
HIG D -4.06%
THG B -4.02%
CINF B -3.98%
AXS C -3.98%
WRB C -3.89%
AIZ D -3.88%
AFG D -3.88%
EG F -3.86%
ACGL F -3.72%
KMPR B -3.59%
MCY B -3.25%
SPNT D -2.06%
HMN A -1.34%
PRA B -0.68%
UVE C -0.5%
JRVR F -0.23%
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