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Hoya Capital High Dividend Yield ETF
ETF
RIET
Payout Change
Pending
Price as of:
$10.11
+0.12
+1.2%
primary theme
N/A
RIET (ETF)
Hoya Capital High Dividend Yield ETF
Payout Change
Pending
Price as of:
$10.11
+0.12
+1.2%
primary theme
N/A
RIET (ETF)
Hoya Capital High Dividend Yield ETF
Payout Change
Pending
Price as of:
$10.11
+0.12
+1.2%
primary theme
N/A
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.7%
1 yr return
0.3%
3 Yr Avg Return
-3.9%
5 Yr Avg Return
N/A
Net Assets
$91.9 M
Holdings in Top 10
16.2%
52 WEEK LOW AND HIGH
$10.0
$9.61
$11.32
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RIET - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return -3.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 10.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHoya Capital High Dividend Yield ETF
-
Fund Family NameN/A
-
Inception DateSep 21, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDustin Lewellyn
Fund Description
The Fund uses a “passive management” – or indexing – investment approach to track the performance, before fees and expenses, of the Index. The Index was established on May 1, 2021 by Hoya Capital Index Innovations, LLC, the Fund’s index provider (the “Index Provider”), and is a rules-based index that is designed to provide diversified exposure to 100 U.S.-listed real estate-related securities that collectively provide income through high dividend yields.
Hoya Capital High Dividend Yield Index
Construction of the Index begins with the universe of U.S.-listed common and preferred stock of real estate investment trusts (“REITs”) and real estate operating companies, subject to certain investibility and liquidity requirements, including a minimum market capitalization of $100 million and an average daily value traded greater than or equal to $100,000 over the prior 30 days. The Index rules divide REITs in the Index universe into three equal-sized tiers based on market capitalization: Large-Cap REITs, Mid-Cap REITs, and Small-Cap REITs (each, a “Market Cap Tier”).
The Index rules then assign each company one of the following classifications based on the percentage of the company’s revenues derived from that particular real estate-related business segment (each, a “Property Sector”):
| Property Sectors | |||
•Healthcare | •Data Center | •Storage | •Home Financing |
•Industrial | •Net Lease | •Lodging | •Commercial Financing |
•Infrastructure | •Retail | •Office | |
•Residential | •Land/ Agriculture | •Specialty/Other |
The Index then identifies the group of ten “Dividend Champions” by starting with the two largest companies by market capitalization in each Property Sector and selecting the one in each Property Sector with the highest dividend yield based on the company’s most recent ordinary dividend. From this group of 14 companies (one from each Property Sector), the two companies with the lowest dividend yield and the two companies with the highest debt ratio are set aside, leaving ten “Dividend Champions” that will be included in the Index.
After the Dividend Champions are selected, the Index sorts the common stock of the companies other than the Dividend Champions based on dividend yield and selects the highest yielding companies from each Market Cap Tier in the weight and quantity shown in the table below. The selections are subject to a maximum of six companies per Property Sector in each Market Cap Tier.
Also included in the Index are U.S.-listed preferred securities issued by REITs and real estate operating companies (“Preferreds”). The Index rules consider the 50 most actively-traded Preferreds, and the 30 Preferreds (of the 50) with the highest dividend yield are included in the Index.
The weight and quantity of companies allocated to each Index category, as of each Index reconstitution date, are as follows:
Hoya Capital High Dividend Yield Index | Index Weight | Number of Constituents | Weight per Constituent |
| Dividend Champions | 15% | 10 | 1.50% |
Large-Cap REITs | 15% | 10 | 1.50% |
Mid-Cap REITs | 30% | 25 | 1.20% |
Small-Cap REITs | 30% | 25 | 1.20% |
Preferreds | 10% | 30 | 0.33% |
Hoya Capital High Dividend Yield Index | 100% | 100 |
The Index consists of a total of 100 companies and is reconstituted and rebalanced semi-annually in June and December.
The Index is expected to be primarily composed of companies that qualify as REITs under the Internal Revenue Code of 1986, as amended (the “Code”), but the Index may also include real estate operating companies that do not qualify as REITs.
The Fund’s Investment Strategy
Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in dividend-paying securities, which includes equity securities that have paid a dividend in the prior 12 calendar months.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Fund’s sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. The Index, and consequently the Fund, is expected to generally be concentrated in real estate-related industries.
RIET - Performance
Return Ranking - Trailing
| Period | RIET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -49.2% | 11.9% | 93.71% |
| 1 Yr | 0.3% | -47.4% | 116.8% | N/A |
| 3 Yr | -3.9%* | -21.4% | 30.0% | N/A |
| 5 Yr | N/A* | -14.5% | 17.5% | N/A |
| 10 Yr | N/A* | -9.4% | 11.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RIET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -51.3% | 81.2% | 95.77% |
| 2022 | -30.9% | -21.3% | 31.3% | N/A |
| 2021 | N/A | -14.7% | 41.4% | N/A |
| 2020 | N/A | -26.4% | 9.4% | N/A |
| 2019 | N/A | -10.9% | 7.8% | N/A |
Total Return Ranking - Trailing
| Period | RIET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -49.2% | 11.9% | 94.41% |
| 1 Yr | 0.3% | -47.4% | 116.8% | N/A |
| 3 Yr | -3.9%* | -21.4% | 30.0% | N/A |
| 5 Yr | N/A* | -14.5% | 20.9% | N/A |
| 10 Yr | N/A* | -9.4% | 13.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RIET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -51.3% | 81.2% | 95.77% |
| 2022 | -25.3% | -21.3% | 31.3% | N/A |
| 2021 | N/A | -14.7% | 41.4% | N/A |
| 2020 | N/A | -26.4% | 9.4% | N/A |
| 2019 | N/A | -10.7% | 8.2% | N/A |
RIET - Holdings
Concentration Analysis
| RIET | Category Low | Category High | RIET % Rank | |
|---|---|---|---|---|
| Net Assets | 91.9 M | 1.28 M | 78.4 B | 93.23% |
| Number of Holdings | 102 | 20 | 642 | 16.55% |
| Net Assets in Top 10 | 13.8 M | 7.44 K | 35.2 B | 95.61% |
| Weighting of Top 10 | 16.22% | 15.9% | 99.8% | 99.65% |
Top 10 Holdings
- National Storage Affiliates Trust 1.76%
- BXP Inc 1.70%
- Omega Healthcare Investors Inc 1.69%
- Extra Space Storage Inc 1.66%
- Realty Income Corp 1.60%
- VICI Properties Inc 1.59%
- Healthpeak Properties Inc 1.57%
- Gaming and Leisure Properties Inc 1.57%
- Crown Castle Inc 1.54%
- Healthcare Realty Trust Inc 1.53%
Asset Allocation
| Weighting | Return Low | Return High | RIET % Rank | |
|---|---|---|---|---|
| Stocks | 89.69% | 0.01% | 106.94% | 83.45% |
| Preferred Stocks | 9.25% | -0.12% | 33.96% | 8.11% |
| Cash | 1.06% | -98.06% | 25.84% | 73.65% |
| Other | 0.00% | -1.70% | 94.17% | 27.03% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 10.14% |
| Bonds | 0.00% | -3.17% | 97.45% | 18.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RIET % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 9.09% | 5.69% |
| Technology | 0.00% | 0.00% | 12.02% | 24.91% |
| Real Estate | 0.00% | 34.46% | 100.00% | 1.42% |
| Industrials | 0.00% | 0.00% | 7.39% | 11.74% |
| Healthcare | 0.00% | 0.00% | 0.53% | 6.76% |
| Financial Services | 0.00% | 0.00% | 37.05% | 17.44% |
| Energy | 0.00% | 0.00% | 33.11% | 6.41% |
| Communication Services | 0.00% | 0.00% | 11.61% | 15.30% |
| Consumer Defense | 0.00% | 0.00% | 1.53% | 4.27% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 43.06% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 9.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RIET % Rank | |
|---|---|---|---|---|
| US | 89.69% | 0.01% | 101.17% | 79.39% |
| Non US | 0.00% | 0.00% | 44.90% | 48.31% |
RIET - Expenses
Operational Fees
| RIET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.07% | 4.72% | 93.90% |
| Management Fee | 0.50% | 0.00% | 1.50% | 15.93% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 0.70% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| RIET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
| RIET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RIET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.11% | 380.00% | 7.87% |
RIET - Distributions
Dividend Yield Analysis
| RIET | Category Low | Category High | RIET % Rank | |
|---|---|---|---|---|
| Dividend Yield | 10.15% | 0.00% | 20.32% | 3.70% |
Dividend Distribution Analysis
| RIET | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| RIET | Category Low | Category High | RIET % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.14% | 6.05% | 4.88% |
Capital Gain Distribution Analysis
| RIET | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.086 | OrdinaryDividend |
| Nov 12, 2024 | $0.086 | OrdinaryDividend |
| Oct 15, 2024 | $0.086 | OrdinaryDividend |
| Sep 17, 2024 | $0.086 | OrdinaryDividend |
| Aug 13, 2024 | $0.086 | OrdinaryDividend |
| Jul 16, 2024 | $0.086 | OrdinaryDividend |
| Jun 11, 2024 | $0.086 | OrdinaryDividend |
| Apr 16, 2024 | $0.086 | OrdinaryDividend |
| Mar 12, 2024 | $0.086 | OrdinaryDividend |
| Jan 17, 2024 | $0.086 | OrdinaryDividend |
| Dec 12, 2023 | $0.086 | OrdinaryDividend |
| Nov 14, 2023 | $0.086 | OrdinaryDividend |
| Oct 17, 2023 | $0.086 | OrdinaryDividend |
| Sep 12, 2023 | $0.086 | OrdinaryDividend |
| Aug 15, 2023 | $0.086 | OrdinaryDividend |
| Jul 18, 2023 | $0.086 | OrdinaryDividend |
| Jun 13, 2023 | $0.086 | OrdinaryDividend |
| May 16, 2023 | $0.086 | OrdinaryDividend |
| Apr 18, 2023 | $0.086 | OrdinaryDividend |
| Mar 14, 2023 | $0.086 | OrdinaryDividend |
| Feb 14, 2023 | $0.086 | OrdinaryDividend |
| Jan 18, 2023 | $0.086 | OrdinaryDividend |
| Dec 13, 2022 | $0.084 | OrdinaryDividend |
| Nov 15, 2022 | $0.084 | OrdinaryDividend |
| Oct 18, 2022 | $0.084 | OrdinaryDividend |
| Sep 20, 2022 | $0.084 | OrdinaryDividend |
| Aug 16, 2022 | $0.084 | OrdinaryDividend |
| Jul 19, 2022 | $0.084 | OrdinaryDividend |
| Jun 22, 2022 | $0.084 | OrdinaryDividend |
| May 17, 2022 | $0.084 | OrdinaryDividend |
| Apr 19, 2022 | $0.084 | OrdinaryDividend |
| Mar 15, 2022 | $0.084 | OrdinaryDividend |
| Feb 15, 2022 | $0.084 | OrdinaryDividend |
| Jan 19, 2022 | $0.084 | OrdinaryDividend |
| Dec 28, 2021 | $0.060 | OrdinaryDividend |
| Dec 14, 2021 | $0.084 | OrdinaryDividend |
| Nov 16, 2021 | $0.084 | OrdinaryDividend |
| Oct 19, 2021 | $0.084 | OrdinaryDividend |
RIET - Fund Manager Analysis
Managers
Dustin Lewellyn
Start Date
Tenure
Tenure Rank
Sep 21, 2021
0.69
0.7%
Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.
Ernesto Tong
Start Date
Tenure
Tenure Rank
Sep 21, 2021
0.69
0.7%
Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.
Anand Desai
Start Date
Tenure
Tenure Rank
Sep 21, 2021
0.69
0.7%
Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 7.92 | 2.23 |
