KBWY vs. AREA ETF Comparison

Comparison of PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

KBWY

PowerShares KBW Premium Yield Equity REIT Portfolio ETF

KBWY Description

The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.61

Average Daily Volume

107,846

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$20.01

Average Daily Volume

182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWY	AREA
30 Days	-4.14%	-1.81%
60 Days	-6.42%	-4.28%
90 Days	-1.33%
12 Months	19.89%

7 Overlapping Holdings

Symbol	Grade	Weight in KBWY	Weight in AREA	Overlap
EPR	C	3.95%	3.65%	3.65%
GLPI	C	3.25%	0.48%	0.48%
LTC	B	3.79%	1.13%	1.13%
NSA	C	2.6%	1.21%	1.21%
OHI	C	4.03%	2.55%	2.55%
OUT	A	4.34%	1.5%	1.5%
SBRA	C	4.41%	3.64%	3.64%

KBWY Overweight 20 Positions Relative to AREA

Symbol	Grade	Weight
GNL	F	6.33%
GOOD	B	5.09%
SVC	F	4.94%
GMRE	F	4.91%
DEA	D	4.36%
APLE	B	4.19%
HIW	C	3.58%
BNL	C	3.5%
AHH	D	3.49%
GTY	A	3.3%
WPC	C	3.17%
SLG	B	3.0%
IIPR	D	2.96%
PDM	D	2.91%
AAT	B	2.86%
FCPT	C	2.85%
LXP	D	2.61%
KIM	A	2.6%
NXRT	B	2.21%
OPI	F	0.59%

KBWY Underweight 26 Positions Relative to AREA

Symbol	Grade	Weight
WY	F	-7.01%
LAMR	C	-6.89%
AMT	C	-6.24%
SBAC	D	-6.1%
EXR	C	-6.05%
HST	C	-5.76%
CUBE	C	-5.4%
ELS	C	-3.81%
IRM	C	-3.75%
DRH	B	-3.58%
RYN	D	-3.56%
VICI	C	-3.24%
SHO	D	-2.87%
NHI	D	-2.8%
PSA	C	-2.59%
DOC	C	-2.5%
LAND	F	-2.21%
PK	C	-1.74%
SILA	C	-1.26%
INN	D	-1.06%
VTR	B	-1.0%
CCI	C	-0.71%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%