TXSS vs. AREA ETF Comparison

Comparison of Texas Small Cap Equity Index ETF (TXSS) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

TXSS

Texas Small Cap Equity Index ETF

TXSS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is a diversified, float-adjusted sector and, market-capitalization weighted index designed to reflect the performance primarily of stocks in small-capitalization companies that are headquartered in Texas.

Grade (RS Rating)

Last Trade

$29.63

Average Daily Volume

424

Number of Holdings ^*

150

* 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

$20.14

Average Daily Volume

178

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TXSS	AREA
30 Days	9.39%	-1.86%
60 Days	7.08%	-4.63%
90 Days	7.62%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in TXSS	Weight in AREA	Overlap
	INN	D	1.06%	1.06%	1.06%

TXSS Overweight 149 Positions Relative to AREA

Symbol	Grade	Weight
HHH	B	6.63%
EAT	A	3.55%
KNTK	B	3.21%
DNOW	B	2.86%
EE	A	2.68%
GPI	A	2.54%
ADUS	D	2.39%
NSP	D	2.18%
MRC	B	2.13%
NTST	D	2.05%
RUSHA	C	1.99%
AMN	F	1.76%
NXRT	B	1.69%
DXPE	B	1.66%
OMCL	C	1.61%
STRL	B	1.61%
VITL	D	1.61%
ASO	F	1.53%
USPH	B	1.51%
IESC	B	1.51%
CMC	B	1.24%
CSWI	A	1.19%
XPEL	C	1.19%
PRIM	A	1.12%
CHX	C	1.06%
WSR	A	1.05%
SAVA	D	1.0%
VTOL	B	0.96%
COOP	B	0.87%
QTWO	A	0.87%
TPG	A	0.85%
WLK	D	0.81%
ITGR	B	0.8%
WHD	B	0.79%
ACA	A	0.78%
GRBK	D	0.78%
NXST	C	0.77%
BTMD	C	0.75%
MGY	A	0.75%
DSGR	D	0.74%
MUR	D	0.7%
PLAY	D	0.69%
CSV	B	0.66%
SBH	C	0.65%
FFIN	B	0.6%
YETI	C	0.59%
LGIH	D	0.58%
HUN	F	0.58%
AROC	B	0.58%
NPAB	B	0.57%
CNK	B	0.57%
TRN	C	0.57%
SLAB	D	0.57%
CCO	C	0.54%
AGL	F	0.54%
UEC	B	0.53%
POWL	C	0.53%
CVEO	F	0.52%
IBOC	A	0.51%
HESM	B	0.5%
OII	B	0.5%
AZZ	B	0.47%
PTEN	C	0.47%
DIOD	D	0.45%
TASK	C	0.43%
VCTR	B	0.43%
XPRO	F	0.43%
TDW	F	0.4%
RXT	C	0.4%
GSHD	A	0.39%
THRY	F	0.38%
SVRA	D	0.37%
CRGY	B	0.34%
ALG	B	0.33%
ALKT	B	0.33%
TFIN	A	0.32%
CVI	F	0.32%
IBTX	B	0.32%
BHR	B	0.32%
TSHA	C	0.28%
STC	B	0.28%
NX	C	0.26%
SKWD	A	0.26%
EWCZ	F	0.25%
USLM	A	0.25%
RICK	C	0.25%
AAOI	B	0.22%
HLX	B	0.22%
TH	C	0.22%
GLDD	B	0.22%
VBTX	B	0.21%
UPBD	B	0.21%
TALO	C	0.21%
THR	B	0.21%
SABR	C	0.21%
CRK	B	0.2%
HTH	B	0.2%
AESI	B	0.2%
CECO	A	0.19%
SMHI	F	0.18%
WTTR	B	0.18%
APLD	A	0.17%
PARR	D	0.17%
CSTL	D	0.16%
FOR	F	0.16%
SBSI	B	0.14%
LUNR	B	0.14%
PRO	C	0.14%
BMBL	C	0.13%
SWI	B	0.12%
NR	B	0.12%
RBBN	C	0.11%
ETWO	F	0.11%
EBF	F	0.1%
PUMP	B	0.09%
ANET	C	0.09%
EZPW	A	0.08%
BIGC	C	0.08%
LPRO	C	0.08%
ORN	C	0.08%
SPFI	B	0.07%
TTI	C	0.07%
RMBL	C	0.07%
GDOT	D	0.07%
FFWM	C	0.07%
NOVA	F	0.07%
PX	A	0.07%
EGY	D	0.07%
IHRT	C	0.06%
OIS	C	0.06%
EHTH	C	0.06%
NGS	B	0.06%
LSEA	D	0.05%
KLXE	C	0.05%
LEGH	D	0.05%
AMPY	C	0.05%
GRNT	B	0.05%
LXRX	F	0.04%
BRY	F	0.04%
STTK	F	0.04%
LAW	D	0.04%
CTGO	D	0.04%
EPM	A	0.04%
WTI	F	0.04%
REI	D	0.04%
ASUR	C	0.04%
FET	D	0.04%
AVNW	F	0.03%
APPS	F	0.02%

TXSS Underweight 32 Positions Relative to AREA

Symbol	Grade	Weight
WY	D	-7.01%
LAMR	D	-6.89%
AMT	D	-6.24%
SBAC	D	-6.1%
EXR	D	-6.05%
HST	C	-5.76%
CUBE	D	-5.4%
ELS	C	-3.81%
IRM	D	-3.75%
EPR	D	-3.65%
SBRA	C	-3.64%
DRH	B	-3.58%
RYN	D	-3.56%
VICI	C	-3.24%
SHO	C	-2.87%
NHI	D	-2.8%
PSA	D	-2.59%
OHI	C	-2.55%
DOC	D	-2.5%
LAND	F	-2.21%
PK	B	-1.74%
OUT	A	-1.5%
SILA	C	-1.26%
NSA	D	-1.21%
LTC	B	-1.13%
VTR	C	-1.0%
CCI	D	-0.71%
GLPI	C	-0.48%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%