IDGT vs. AREA ETF Comparison

Comparison of iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

IDGT

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT Description

The underlying index which measures the performance of stocks of U.S.-listed companies, as well as U.S.-listed ADRs of foreign companies from developed markets, involved in the ownership and management of data centers, telecommunication towers, and related equipment, as determined by S&P Dow Jones Indices LLC. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.97

Average Daily Volume

11,896

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	IDGT	AREA
30 Days	-0.86%	-4.09%
60 Days	4.60%
90 Days	6.92%
12 Months	39.86%

3 Overlapping Holdings

Symbol	Grade	Weight in IDGT	Weight in AREA	Overlap
AMT	D	8.73%	6.47%	6.47%
CCI	D	8.51%	2.15%	2.15%
SBAC	D	4.26%	6.22%	4.26%

IDGT Overweight 21 Positions Relative to AREA

Symbol	Grade	Weight
DLR	A	9.86%
EQIX	B	9.77%
FSLY	D	5.79%
ANET	B	4.91%
MRVL	A	4.63%
MSI	B	4.55%
UNIT	C	4.45%
JNPR	A	4.32%
CSCO	B	4.25%
SMCI	F	4.03%
QCOM	D	3.02%
NTAP	D	2.96%
CIEN	B	2.3%
ATEN	A	0.63%
CRDO	A	0.51%
COMM	A	0.48%
EXTR	B	0.42%
CALX	D	0.25%
ADTN	B	0.21%
CLFD	D	0.18%
INFN	B	0.13%

IDGT Underweight 31 Positions Relative to AREA

Symbol	Grade	Weight
LAMR	B	-7.21%
WY	D	-6.92%
HST	D	-5.36%
CUBE	D	-5.19%
IRM	B	-4.04%
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%