AREA vs. SRVR ETF Comparison

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

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

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

$31.16

Average Daily Volume

57,624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AREA	SRVR
30 Days	-1.86%	-2.56%
60 Days	-4.63%	-2.82%
90 Days		2.84%
12 Months		12.68%

4 Overlapping Holdings

Symbol	Grade	Weight in AREA	Weight in SRVR	Overlap
AMT	D	6.24%	13.0%	6.24%
CCI	D	0.71%	4.07%	0.71%
IRM	D	3.75%	4.6%	3.75%
SBAC	D	6.1%	4.17%	4.17%

AREA Overweight 29 Positions Relative to SRVR

Symbol	Grade	Weight
WY	D	7.01%
LAMR	D	6.89%
EXR	D	6.05%
HST	C	5.76%
CUBE	D	5.4%
ELS	C	3.81%
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%
INN	D	1.06%
VTR	C	1.0%
GLPI	C	0.48%
INVH	D	0.42%
XHR	B	0.26%
PEB	D	0.25%
DHC	F	0.19%

AREA Underweight 6 Positions Relative to SRVR

Symbol	Grade	Weight
DLR	B	-18.06%
EQIX	A	-16.28%
IRDM	D	-4.21%
GDS	C	-2.96%
DBRG	F	-2.9%
UNIT	B	-1.94%