Hoya Capital High Dividend Yield Index

A rules-based index designed to provide diversified exposure to 100 of the highest dividend-yielding real estate securities in the United States.

 High Dividend Yield Index Overview

  • month-icon

    Monthly Distributions

    Designed for monthly distribution potential

  • High-Yield Securities

    High-Yield Securities

    Tracks High Yield Real Estate Securities

  • Diversified Selections pointer icon

    Diversified Selections

    Diversification via a Rules-Based Selection Process*

  • 100 Stocks icon

    Tracking 100 Stocks

    Tracks 100 U.S. Common & Preferred Stocks

Target Higher Income Real Estate Securities.

The Hoya Capital High Dividend Yield Index (“RIET Index”) is a rules-based index designed to provide diversified exposure to 100 of the highest dividend-yielding real estate securities in the United States.

Our multifactorial selection process incorporates a quality screen to identify real estate companies with lower leverage profiles. Beginning with the selection of “Dividend Champions" (identified via a rules-based process that evaluates market capitalization, dividend yield and leverage), securities are then chosen based on their dividend yields across fourteen property sectors and three market capitalization tiers.

 
High Dividend Yield Index Overview Weight per
Constituent		 Index
Weight		 Number of
Constituents
trophy icon Dividend Champions 1.50% 15% 10
diamond icon Large-Cap REITs 1.50% 15% 10
cash icon Mid-Cap REITs 1.20% 30% 25
piggy bank icon Small-Cap REITs 1.20% 30% 25
bank icon Preferred Stock 0.33% 10% 30
Hoya Capital High Dividend Yield Index 100% 100

The RIET Index Strategy: Detailed

❮ Step 1.

 

Index begins with U.S.-listed common and preferred stock of Real Estate Investment Trusts ("REITs") and Real Estate Operating companies.

❮ Step 2.

 

Companies are segmented into three market capitalization tiers and assigned into one of fourteen Real Estate Property Sectors.

❮ Step 3.

 

"Dividend Champions" are identified through a rules-based process determined by: market capitalization, dividend yield and low leverage.

❮ Step 4.

 

REITs are chosen across each of the Market-Cap tiers based on their dividend yield and respective property sectors.

❮ Step 5.

 

Preferred Stocks issued by REIT and Real Estate Operating companies are selected based on dividend yield and liquidity.

❮ Step 6.

 

The 100 selections are equally-weighted within each category, with the Index rebalanced semi-annually in June and December.

Property Sectors:

  • healthcare icon

    Healthcare

  • Industrial

    Industrial

  • Infrastructure

    Infrastructure

  • Residential

    Residential

  • Data Centers

    Data Centers

  • net lease

    Net Lease

  • retail

    Retail

  • Land / Agriculture

    Land / Agriculture

  • Storage

    Storage

  • Lodging hotel icon

    Lodging

  • office buildings icon

    Office

  • lightbulb specialty icon

    Specialty / Other

  • home financing icon

    Home Financing

  • commercial financing bank icon

    Commercial Financing

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