AREA vs. NSCS ETF Comparison

Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Nuveen Small Cap Select ETF (NSCS)
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
NSCS

Nuveen Small Cap Select ETF

NSCS Description The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in exchange-traded common stocks of small-capitalization companies. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers listed on a foreign exchange that trade on such exchange contemporaneously with the shares of the fund. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$27.70

Average Daily Volume

416

Number of Holdings *

77

* may have additional holdings in another (foreign) market
Performance
Period AREA NSCS
30 Days -4.09% 0.73%
60 Days -0.02%
90 Days 5.56%
12 Months 30.09%
1 Overlapping Holdings
Symbol Grade Weight in AREA Weight in NSCS Overlap
INN F 1.03% 0.7% 0.7%
AREA Overweight 33 Positions Relative to NSCS
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%
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 76 Positions Relative to NSCS
Symbol Grade Weight
WTFC B -2.34%
EVR A -2.09%
PIPR B -1.95%
PRMW B -1.88%
SSB B -1.84%
NOG F -1.79%
BANR A -1.76%
FLR B -1.68%
HQY B -1.65%
ESE A -1.62%
AIT A -1.61%
MGNI D -1.61%
SUM A -1.57%
ACA B -1.57%
MMSI B -1.53%
FIBK B -1.51%
AVAV B -1.5%
KTOS C -1.5%
SHAK A -1.49%
QTWO A -1.45%
BYD A -1.45%
CMC A -1.42%
AVNT D -1.42%
SHOO D -1.41%
EHC A -1.4%
GDYN B -1.39%
WK C -1.38%
MMS D -1.38%
STAG D -1.36%
TPH D -1.36%
HOMB B -1.35%
BKH D -1.35%
EGP D -1.35%
EVRI A -1.3%
RBRK A -1.29%
LITE A -1.28%
SIG C -1.26%
PFBC B -1.21%
MTDR D -1.19%
ONTO F -1.19%
NPO F -1.18%
GKOS B -1.18%
RDNT D -1.16%
TROX F -1.14%
ARCB F -1.14%
BRBR A -1.07%
SLAB F -0.99%
LADR B -0.95%
ICHR F -0.94%
ZD F -0.93%
DAN F -0.91%
PRI B -0.9%
SR D -0.88%
ESTA B -0.88%
KEX D -0.86%
ACHC F -0.84%
VBTX B -0.84%
FROG C -0.77%
OPCH F -0.77%
CRNX B -0.76%
TTMI A -0.75%
CVLT B -0.74%
ITRI A -0.72%
INSM D -0.7%
ASGN F -0.7%
KRYS C -0.69%
PCVX C -0.66%
SIBN D -0.64%
ENV A -0.6%
VTLE F -0.58%
HALO B -0.56%
IMVT F -0.48%
TCMD A -0.47%
MDGL A -0.47%
BPMC C -0.29%
PAR A -0.25%
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