NORWALK, Conn., Sept. 22, 2021 /PRNewswire/ -- Hoya Capital Real
Estate – an award-winning ETF issuer and research-focused
investment advisor – announced the launch of its second fund,
Hoya Capital High Dividend Yield ETF (Ticker:
RIET).
RIET tracks the Hoya Capital High Dividend Yield Index ("RIET
Index"), a rules-based index designed to provide diversified
exposure to 100 of the highest dividend-yielding real estate
securities in the United
States.
RIET expects to pay monthly distributions. The RIET Index
Dividend Yield as of 8/31/2021 is
6.70%.* Click here to view yields and standardized
performance.
The RIET Index includes 100 high dividend yielding common and
preferred securities issued by Real Estate Investment Trusts
("REITs") and real estate operating companies. The selection
process incorporates a quality screen to identify REITs with lower
leverage and begins by selecting ten "Dividend Champions."
Securities are then selected based principally on dividend yield
with diversification targets across real estate property
sectors.
The launch of RIET follows the successful launch of Hoya
Capital Housing ETF (Ticker: HOMZ), which recently
surpassed $80 million in assets under
management. HOMZ was awarded the Most Successful &
Innovative ETF Launch of 2019 by ETF Express and is the
lowest-cost ETF out of 5 funds in the ETF Database Homebuilders
category.1
"RIET exclusively targets the income side of the real estate
sector, making it the perfect complement to HOMZ, which seeks to
invest in some of the fastest-growing real estate securities,"
commented Alex Pettee, CFA, Director
of Research at Hoya Capital. "With RIET and HOMZ, investors are now
able to better align their portfolio with their specific investment
objectives – whether it be higher income or higher growth."
Professor Jonathan Morris of
Georgetown University and founder of
REIT Academy commented, "RIET is particularly innovative because it
achieves its premium yield not by going all-in on the riskier
segments of the real estate sector, but rather by expanding and
redefining the real estate investible universe."
"The diligently researched index selection process incorporates
innovative exposure to both common and preferred stock, plus a
well-crafted mix of exposure to real income-producing assets
through its holdings in companies across the broader REIT
universe," concluded Professor Morris.
Hoya Capital also announced a fee waiver for RIET, lowering the
net expense ratio to 0.25% from 0.50% until at least September 30, 2022, providing immediate value to
investors at launch.
"For investors seeking income in a simple and cost-effective
package, we believe RIET fills a significant and immediate investor
need," concluded Hoya Capital CEO Sheila
Pettee, CFA. "When investing in real estate, investors
should remember 'I before E' in RIET because Income Comes
First."
RIET launched September 22, 2021
and is traded on the NYSE. To learn more, please visit
www.TheIncomeETF.com and click here to view the Fact
Sheet and Prospectus.
Media Contact:
Alex
Pettee, CFA
President, Director of Research & ETFs
Alex.Pettee@HoyaCapital.com
About Hoya Capital Real Estate
Hoya Capital Real
Estate ("Hoya Capital") is a research-focused Registered Investment
Advisor headquartered in Rowayton, Connecticut. Founded with a mission to make
real estate more accessible to all investors, Hoya Capital
specializes in managing institutional and individual portfolios of
publicly traded real estate securities, focused on delivering
sustainable income, diversification, and attractive total returns.
For more information, visit www.HoyaCapital.com.
Performance quoted represents past performance, which is
no guarantee of future results. Investment returns and principal
value will fluctuate, so you may have a gain or loss when shares
are sold. Current performance may be higher or lower than that
quoted. Short term performance is not a good indication of the
fund's future performance, and an investment should not be made
based solely on returns. Performance for periods greater than one
year are annualized.
The Funds' investment objectives, risks, charges, and
expenses must be considered carefully before investing. The
prospectus and summary prospectus contains this and other important
information about the investment company. The prospectus can be
obtained by calling 1-833-HOYA-CAP or visiting
www.TheIncomeETF.com. Please read it carefully before
investing.
Investing involves risks. Principal loss is possible. The
fund is passively managed and attempts to mirror the composition
and performance of the Hoya Capital High Dividend Yield Index. The
Fund's returns may not match due to expenses incurred by the Fund
or lack of precise correlation with the index and may at times not
hold or be fully invested in the same securities as the index. The
Fund's investments will be concentrated in real estate-related
industries. Investments in real estate companies involve unique
risks. Real estate companies, including REITs, may have limited
financial resources, may trade less frequently and in limited
volume, and may be more volatile than other securities. Many
factors may affect real estate values, including the availability
of mortgages and changes in interest rates. Real estate companies
are also subject to heavy cash flow dependency, defaults by
borrowers, and self-liquidation. Compared to large cap companies,
small and mid-capitalizations companies may be less stable and
their securities may be more volatile and less liquid. The Fund is
new with no track record to evaluate.
ETF shares may be bought and sold in the secondary market at
market prices and are not individually redeemed from the Fund.
Brokerage commissions will reduce returns. Although it is expected
that the market price of Shares will approximate the Fund's NAV,
there may be times when the market price of Shares is more than the
NAV intra-day (premium) or less than the NAV intra-day (discount)
due to supply and demand of Shares or during periods of market
volatility.
Hoya Capital High Dividend Yield Index seeks to provide
diversified exposure to 100 of the highest dividend yielding real
estate securities in the United
States, utilizing a rules-based methodology to select U.S.
exchange-listed real estate securities that collectively provide
income through high dividend yields. Securities are selected to the
Index through a multi-factor, tier-weighted process that selects
components based principally on dividend yield with diversification
targets across property sectors and market capitalizations.
*It is not possible to invest directly in an index. An
investment in the fund is subject to fees and expenses.
Distributions are not guaranteed. Diversification does not assure a
profit nor protect against loss in a declining market.
Index Dividend Yield: The weighted average of the underlying
indicated annual dividend divided by price, expressed as a
percentage. The indicated annual dividend is calculated as the most
recent regular cash dividend multiplied by the distribution
frequency. Source: Bloomberg.
(1)Lowest expense ratio out of 5 US-registered ETFs in the ETF
Database Homebuilders ETF category as of 8/31/2021. Expense ratio
data for other ETFs were obtained from the funds' prospectuses,
data pulled as of 8/31/2021. ETFs in the same ETF Database category
may track different indexes, have differences in holdings, and show
different performance.
ETF Express Award Methodology
Awards are based on a
"peer review system" whereby ETF Express readers – including
institutional and high net worth advisors, managers, and other
industry professionals at fund administrators, prime brokers,
custodians, and advisers – are invited to elect a "best in class"
in a series of categories via an online survey. There were 1,202
votes cast in total. ETF Express worked with Algo-Chain to
pre-select ETF Providers in each category based on investment
performance during the twelve month period of May 2018-May 2019 leading up to the award selection.
Subjective categories did not have pre-selected categories. In each
category, the firms with the most votes at the end of the voting
period were subject to a final review by ETF Express's Senior
Editorial team. Awarded on October 24,
2019.
Hoya Capital Real Estate serves as the investment advisor. The
Funds are distributed by Quasar Distributors.
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SOURCE Hoya Capital Real Estate