The Harbor AlphaEdge Next Generation REITs ETF (AREA) is a passively managed equity ETF with $0.00B in assets under management and an expense ratio of 0.50%. Launched in September 2024, AREA focuses on next-generation REITs traded on U.S. exchanges, selecting companies based on fundamental and price characteristics. AREA offers targeted exposure to the real estate sector, differentiating itself through its focus on 'next generation' REITs, though its non-diversified status warrants consideration.
The Harbor AlphaEdge Next Generation REITs ETF (AREA) is a passively managed equity ETF with $0.00B in assets under management and an expense ratio of 0.50%. Launched in September 2024, AREA focuses on next-generation REITs traded on U.S. exchanges, selecting companies based on fundamental and price characteristics. AREA offers targeted exposure to the real estate sector, differentiating itself through its focus on 'next generation' REITs, though its non-diversified status warrants consideration.
ETF Overview
The index consists of next generation REITs traded on U.S. exchanges that exhibit positive fundamental and price characteristics according to the index Provider’s methodology. The fund invests at least 80% of its total assets in securities that are included in the index. A REIT is an entity dedicated to owning, and usually operating, income-producing real estate, or to financing real estate. The fund is non-diversified.
The Harbor AlphaEdge Next Generation REITs ETF (AREA) aims to provide investors with exposure to a specific segment of the real estate market: next-generation REITs. The fund tracks an index of U.S.-listed REITs that exhibit positive fundamental and price characteristics, as determined by the index provider's methodology. AREA invests at least 80% of its total assets in securities included in its underlying index. This targeted approach differentiates AREA from broader REIT ETFs, which may include a wider range of real estate companies. The fund's top holdings include Public Storage (PSA) at 6.93%, Lamar Advertising Co Class A (LAMR) at 6.88%, and Host Hotels & Resorts Inc (HST) at 6.10%, reflecting a focus on specific REIT sub-sectors. With 100% allocation to the Real Estate sector, AREA is designed for investors seeking concentrated exposure to this asset class. The fund is non-diversified, meaning it can invest a significant portion of its assets in a smaller number of holdings, potentially leading to higher volatility.
Risk Metrics
AREA's concentrated investment strategy presents specific risks. With 100% of its assets allocated to the real estate sector, AREA is highly susceptible to sector-specific downturns and regulatory changes affecting REITs. The fund's non-diversified status further amplifies concentration risk, as a significant portion of its assets are invested in a relatively small number of holdings; for example, Public Storage (PSA) and Lamar Advertising Co Class A (LAMR) make up a large portion of the fund. AREA's expense ratio of 0.50% will create a drag on performance over time. Past performance does not guarantee future results.
<a href="/etf/ebit">Harbor AlphaEdge Small Cap Earners ETF (EBIT) (EBIT)</a> (Equity) — 0.29% ER
Risk Metrics
Beta: 0.00
Questions & Answers
What is AREA and what does it track?
The Harbor AlphaEdge Next Generation REITs ETF (AREA) is an exchange-traded fund that focuses on providing exposure to next-generation Real Estate Investment Trusts (REITs) listed on U.S. exchanges. AREA tracks an index composed of these REITs, selected based on positive fundamental and price characteristics as determined by the index provider's methodology. The fund invests at least 80% of its total assets in securities included in the index. As of 2026-03-15, the fund's NAV is $20.06 and it holds 43 different REITs.
What is the expense ratio for AREA?
The Harbor AlphaEdge Next Generation REITs ETF (AREA) has an expense ratio of 0.50%. This means that for every $10,000 invested in the fund, investors will pay $50 in annual fees to cover the fund's operating expenses. While this is a factor to consider, expense ratios are just one component of evaluating an ETF's overall value. Investors should also consider the fund's investment strategy and potential returns when making investment decisions.
What are the top holdings in AREA?
As of 2026-03-15, the top holdings in the Harbor AlphaEdge Next Generation REITs ETF (AREA) are: Public Storage (PSA) at 6.93%, Lamar Advertising Co Class A (LAMR) at 6.88%, Host Hotels & Resorts Inc (HST) at 6.10%, VICI Properties Inc Ordinary Shares (VICI) at 6.09%, and Ventas Inc (VTR) at 5.37%. These holdings represent a significant portion of the fund's total assets, reflecting its concentrated investment approach within the REIT sector. Investors should review the complete list of holdings to understand the fund's overall composition.
Is AREA a good long-term investment?
Evaluating AREA as a long-term investment requires careful consideration of its investment strategy and risk profile. AREA focuses on next-generation REITs, which may offer growth potential but also carry inherent risks. The fund's expense ratio of 0.50% and its non-diversified structure are also factors to consider. With a beta of 0.00, AREA's volatility is similar to the market. Investors should assess their own risk tolerance and investment objectives before deciding if AREA aligns with their long-term goals. Past performance does not guarantee future results.
How does AREA compare to similar ETFs?
AREA differentiates itself through its focus on next-generation REITs, a specific segment within the broader real estate market. Compared to broadly diversified REIT ETFs, AREA offers a more targeted approach. Its expense ratio is 0.50%. The fund's AUM is $0.00B, which is relatively small. Investors should compare AREA's holdings, sector allocations, and performance against other REIT ETFs to determine which fund best aligns with their investment objectives and risk tolerance.
Does AREA pay dividends?
As of 2026-03-15, the Harbor AlphaEdge Next Generation REITs ETF (AREA) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing income to its shareholders in the form of dividends. Investors seeking current income from their investments may want to consider other REIT ETFs with a higher dividend yield. However, dividend yield is not the only factor to consider when evaluating an ETF.