FTIF vs. AREA ETF Comparison

Comparison of First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

FTIF

First Trust Bloomberg Inflation Sensitive Equity ETF

FTIF Description

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the index. The fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the index, which includes dividends paid by the common stocks in the index. The index is a rules-based index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.93

Average Daily Volume

578

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

$20.14

Average Daily Volume

178

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTIF	AREA
30 Days	3.56%	-1.86%
60 Days	2.96%	-4.63%
90 Days	2.33%
12 Months	15.55%

3 Overlapping Holdings

Symbol	Grade	Weight in FTIF	Weight in AREA	Overlap
HST	C	1.89%	5.71%	1.89%
LAMR	D	2.07%	6.86%	2.07%
OHI	C	2.26%	2.55%	2.26%

FTIF Overweight 45 Positions Relative to AREA

Symbol	Grade	Weight
CMI	A	2.56%
IP	B	2.56%
PKG	A	2.51%
JLL	D	2.5%
PWR	A	2.47%
WAB	B	2.41%
RTX	C	2.31%
SPG	B	2.28%
LMT	D	2.27%
CAT	B	2.26%
CF	B	2.25%
KEYS	A	2.19%
DOV	A	2.18%
RGLD	C	2.17%
PCAR	B	2.17%
RS	B	2.13%
EOG	A	2.09%
MGY	A	2.09%
CSX	B	2.07%
UNP	C	2.02%
ESI	A	2.02%
EMN	D	2.0%
SM	B	1.99%
MRO	B	1.96%
AMH	D	1.96%
WPC	D	1.94%
COP	C	1.92%
UPS	C	1.89%
IFF	D	1.82%
CHX	C	1.81%
SLB	C	1.79%
MPC	D	1.78%
FANG	D	1.78%
MOS	F	1.77%
VLO	C	1.74%
HAL	C	1.73%
LYB	F	1.68%
DOW	F	1.63%
DVN	F	1.61%
WMS	D	1.59%
MUR	D	1.57%
DINO	D	1.55%
APA	D	1.49%
WFRD	D	1.32%
PBF	D	1.31%

FTIF Underweight 30 Positions Relative to AREA

Symbol	Grade	Weight
WY	D	-6.92%
AMT	D	-6.4%
EXR	D	-6.07%
SBAC	D	-6.07%
CUBE	D	-5.4%
IRM	D	-3.83%
ELS	C	-3.73%
SBRA	C	-3.65%
EPR	D	-3.62%
RYN	D	-3.59%
DRH	B	-3.53%
VICI	C	-3.3%
SHO	C	-2.82%
NHI	D	-2.78%
PSA	D	-2.58%
DOC	D	-2.5%
LAND	F	-2.17%
PK	B	-1.67%
OUT	A	-1.5%
SILA	C	-1.32%
NSA	D	-1.25%
LTC	B	-1.13%
INN	D	-1.02%
VTR	C	-1.0%
CCI	D	-0.72%
GLPI	C	-0.49%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%