SRVR vs. AREA ETF Comparison

Comparison of Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

SRVR

Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF

SRVR Description

The investment seeks to track the total return performance, before fees and expenses, of the Benchmark Data & Infrastructure Real Estate SCTR¿ Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the data and infrastructure real estate sectors ("Eligible Companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.24

Average Daily Volume

76,832

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

$19.86

Average Daily Volume

229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SRVR	AREA
30 Days	-3.16%	-4.09%
60 Days	3.74%
90 Days	6.02%
12 Months	19.46%

4 Overlapping Holdings

Symbol	Grade	Weight in SRVR	Weight in AREA	Overlap
AMT	D	13.6%	6.47%	6.47%
CCI	D	4.01%	2.15%	2.15%
IRM	B	4.79%	4.04%	4.04%
SBAC	D	4.32%	6.22%	4.32%

SRVR Overweight 6 Positions Relative to AREA

Symbol	Grade	Weight
DLR	A	16.83%
EQIX	B	15.28%
IRDM	B	4.24%
DBRG	D	3.86%
GDS	B	3.3%
UNIT	C	1.77%

SRVR Underweight 30 Positions Relative to AREA

Symbol	Grade	Weight
LAMR	B	-7.21%
WY	D	-6.92%
HST	D	-5.36%
CUBE	D	-5.19%
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%
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%