ContactHarbor AlphaEdge Next Generation REITs ETF (AREA)
Providing exposure to non-traditional REITs that are positioned to potentially outperform traditional REITs in current economic trends
Harbor AlphaEdge Next Generation REITs ETF (AREA)
Providing exposure to non-traditional REITs that are positioned to potentially outperform traditional REITs in current economic trends
Transforming the look of a REITs allocation with AREA
- The Harbor AlphaEdge Next Generation REITs ETF (AREA) employs a self-indexing investment approach designed to track the performance of the Harbor AlphaEdge™ Next Generation REITs Index.
- Built for modern REIT investors, AREA offers access to “Next Generation REITs” believed to be well positioned to benefit from secular tailwinds and have the potential to show resiliency against cyclical headwinds
- Next Generation REITs include Towers, Data Centers, Heathcare and Life Sciences, Hotel, Land, Manufactured Homes, Self Storage, and Gaming REITs.
- Excludes Office, Multi-Family, Retail and Industrial.
- AREA aims to offer investors the income generation and tax advantages typical of REITs, while seeking to mitigate exposure to deteriorating commercial real estate trends.
- A straightforward solution for investors attracted to the potential income and tax benefits of REITs, but concerned about economic trends negatively impacting commercial real estate
Overview
Investment Team
As of 1/5/2024
Investment Objective:
The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Harbor AlphaEdge Next Generation REITs Index.
Performance
3 Mo.
YTD Return
1 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.
The Harbor AlphaEdge Next-Generation REITs Index is comprised of equity securities of US-listed Real Estate Investment Trusts (REITs) that primarily own real estate for use outside of the traditional REIT property types. The index is constructed using a proprietary rules-based stock selection model developed by the Index Sponsor and weighted using an optimization approach.
The FTSE NAREIT All Equity REITs Index is a free-float adjusted market capitalization-weighted index that includes all tax qualified REITs listed in the NYSE, AMEX, and NASDAQ National Market.
Price History
Distribution History
Ex-Date
Record Date
Payable Date
Ordinary Income
Short Term Capital Gains
Long Term Capital Gains
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Holdings
Full Holdings
As of 1/8/2024
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Category Name
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Shares
Current Price ($)
Market Value ($)
% of Net Assets
Sector Allocation
As of 9/30/2023
Human Capital Factor US Large Cap ETF (HAPI)
CIBC Human Capital Index
Information Technology
HAPI: 23.6%
Benchmark: 23.8%
Health Care
HAPI: 14.5%
Benchmark: 14.5%
Communication Services
HAPI: 13.9%
Benchmark: 14.1%
Financials
HAPI: 13.1%
Benchmark: 13.2%
Consumer Discretionary
HAPI: 11.2%
Benchmark: 11.4%
Industrials
HAPI: 6.2%
Benchmark: 6.3%
Consumer Staples
HAPI: 5.4%
Benchmark: 5.4%
Energy
HAPI: 5.3%
Benchmark: 5.2%
Utilities
HAPI: 2.3%
Benchmark: 2.3%
Real Estate
HAPI: 2.2%
Benchmark: 2.2%
Materials
HAPI: 1.7%
Benchmark: 1.7%
HAPI: Human Capital Factor US Large Cap ETF
Benchmark: CIBC Human Capital Index
Sector Returns
Sorry, there is no data available for this section
Investment Team
AREA employs a self-indexing investment approach designed to track the performance of the Harbor AlphaEdge™ Next Generation REITs Index. The Index is designed to give exposure to “next generation REITs” believed to be well positioned to benefit from secular tailwinds and have the potential to show resiliency against cyclical headwinds.
Harbor's Multi-Asset Solutions Team has extensive experience in factor-based stock selection and has developed a systematic approach to support indexing for the Harbor AlphaEdge™ Next Generation REITs ETF. From screening the universe and calculating the index constituent weights to providing index research, the team manages and supports the Harbor AlphaEdge™ Next Generation REITs Index.
Documents
Important Information
Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Harbor ETFs are new and have limited operating history to judge.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Fund is exposed to real estate risks, including economic conditions, intense competition, and geographic concentration, which can affect property values and investment returns. Investments in REITs are subject to property value changes, management dependency, cash flow issues, and regulatory risks. REITs may also be more volatile and less liquid than other securities. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio. The Fund may not perfectly track its Index due to differences in securities held, transaction costs, or uninvested cash. Legal or regulatory constraints can also affect tracking accuracy, particularly during volatile markets. The Fund tracks the Index without using defensive strategies, which can lead to underperformance during market downturns or unusual conditions. Errors or flaws in the Index's methodology or data may have adverse impact the Fund's performance.
Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.
Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.
30-Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).
Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.
Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.
Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.
% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.
Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.
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