Harbor AlphaEdge Next Generation REITs ETF (AREA)
AREA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Sep 5, 2024
- Similar Companies
- Business
- Harbor AlphaEdge Next Generation REITs ETF (AREA) is an exchange-traded fund that employs a passive indexing investment approach designed to track the performance, before fees and expenses, of the Harbor AlphaEdge Next Generation REITs Index. The fund invests at least 80% of its total assets in equity securities of U.S.-listed next generation real estate investment trusts (REITs) within specified Revere Business Industry Classification System sub-industries, including data center equity REITs, gaming equity REITs, healthcare and life sciences equity REITs, hotel and motel equity REITs, land equity REITs, manufactured homes equity REITs, self-storage equity REITs, and tower equity REITs; it excludes traditional REIT property types such as office, multi-family, retail, and industrial. The index, constructed by Harbor Capital Advisors, Inc. (the advisor and index provider), applies a proprietary rules-based stock selection model evaluating companies across factor composites of capital deployment, momentum, quality, risk, and valuation, followed by portfolio optimization to maximize the expected information ratio relative to a market capitalization-weighted reference portfolio of non-traditional REITs, typically resulting in 35 to 70 constituents with the hotel and motel sub-industry capped at 15%. Launched on September 4, 2024, and listed on NYSE Arca, Inc., the ETF is part of Harbor ETF Trust, with Harbor Capital Advisors, Inc. serving as investment advisor; portfolio management is led by Stephen Cook (Managing Director and Head of ETFs, since 2024), James Erceg (EVP and Head of Product, since 2024), and Elizabeth Despain (Associate Index Portfolio Manager, since March 2025). Headquartered at 111 South Wacker Drive, 34th Floor, Chicago, Illinois 60606, the fund targets investors seeking income generation and tax advantages of REITs with reduced exposure to cyclical commercial real estate headwinds, concentrating investments (at least 80% of assets) in the real estate sector across U.S. markets. The net expense ratio is 0.50%, with a portfolio turnover rate of 8% for the period ended October 31, 2024, and as of July 31, 2025, net assets stood at approximately $1.83 million, featuring top holdings such as Lamar Advertising Company Class A (6.5%), EPR Properties (6.4%), and Public Storage (6.2%), alongside sub-industry allocations of 54.8% specialized REITs, 22.3% health care REITs, and 13.9% hotel and resort REITs. In September 2024, Harbor Capital Advisors expanded its AlphaEdge ETF suite with the launch of AREA alongside the Harbor AlphaEdge Large Cap Value ETF (VLLU), enhancing its offerings of actively managed and enhanced indexing strategies focused on targeted equity exposures. The fund maintains a non-diversified structure, permitting greater concentration in fewer issuers, and operates without defensive strategies, aiming for replication or representative sampling of the index through U.S. equities (typically 99%+ allocation), cash equivalents, and occasional money market funds. No recent acquisitions, funding rounds, partnerships, or significant operational changes beyond inception-related prospectus updates (e.g., dated March 1, 2025) have been reported for AREA or Harbor ETF Trust.