AREA vs. GCAD ETF Comparison

Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Gabelli Equity Income ETF (GCAD)
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 *

33

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

Gabelli Equity Income ETF

GCAD Description The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

871

Number of Holdings *

31

* may have additional holdings in another (foreign) market
Performance
Period AREA GCAD
30 Days -1.81% 2.90%
60 Days -4.28% 4.74%
90 Days 4.50%
12 Months 33.11%
0 Overlapping Holdings
Symbol Grade Weight in AREA Weight in GCAD Overlap
AREA Overweight 33 Positions Relative to GCAD
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%
EPR C 3.65%
SBRA C 3.64%
DRH B 3.58%
RYN D 3.56%
VICI C 3.24%
SHO D 2.87%
NHI D 2.8%
PSA C 2.59%
OHI C 2.55%
DOC C 2.5%
LAND F 2.21%
PK C 1.74%
OUT A 1.5%
SILA C 1.26%
NSA C 1.21%
LTC B 1.13%
INN D 1.06%
VTR B 1.0%
CCI C 0.71%
GLPI C 0.48%
INVH D 0.42%
XHR B 0.26%
PEB D 0.25%
DHC F 0.19%
AREA Underweight 31 Positions Relative to GCAD
Symbol Grade Weight
BA F -8.08%
SPR D -6.93%
HXL F -6.04%
MOG.A B -5.73%
DCO C -5.35%
HON C -4.74%
LMT D -4.32%
CW C -3.96%
WWD C -3.94%
RTX D -3.72%
HEI A -3.72%
CR A -3.68%
HWM A -3.42%
TXT D -3.38%
LHX C -3.24%
NOC D -3.23%
MRCY C -3.0%
GE D -2.94%
LDOS C -2.92%
AIN C -2.5%
B A -2.3%
TGI B -2.08%
GD D -1.88%
CDRE F -1.57%
RDW A -1.39%
KTOS B -1.04%
PKE B -0.96%
AIR B -0.86%
ATRO D -0.82%
LLAP F -0.26%
MYNA C -0.18%
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