WOOD vs. AREA ETF Comparison

Comparison of iShares S&P Global Timber & Forestry Index Fund (WOOD) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
WOOD

iShares S&P Global Timber & Forestry Index Fund

WOOD Description

The investment seeks to track the investment results of an index composed of global equities in or related to the timber and forestry industry. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global Timber & Forestry IndexTM (the "underlying index"), which is comprised of approximately 25 of the largest publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$80.53

Average Daily Volume

15,635

Number of Holdings *

7

* 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 *

34

* may have additional holdings in another (foreign) market
Performance
Period WOOD AREA
30 Days -5.61% -4.09%
60 Days -1.65%
90 Days 2.70%
12 Months 12.16%
2 Overlapping Holdings
Symbol Grade Weight in WOOD Weight in AREA Overlap
RYN C 8.04% 3.62% 3.62%
WY D 5.08% 6.92% 5.08%
WOOD Overweight 5 Positions Relative to AREA
Symbol Grade Weight
SLVM B 5.97%
SW A 5.84%
IP A 5.78%
PCH F 5.15%
CLW F 1.83%
WOOD Underweight 32 Positions Relative to AREA
Symbol Grade Weight
LAMR B -7.21%
AMT D -6.47%
SBAC D -6.22%
HST D -5.36%
CUBE D -5.19%
IRM B -4.04%
EPR D -3.74%
SBRA B -3.68%
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%
CCI D -2.15%
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%
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