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.

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High Dividend Yield Index Overview

Monthly Distributions

Designed for monthly distribution potential
High-Yield Securities

Tracks High Yield Real Estate Securities
Diversified Selections

Diversification via a Rules-Based Selection Process*
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
	Dividend Champions	1.50%	15%	10
	Large-Cap REITs	1.50%	15%	10
	Mid-Cap REITs	1.20%	30%	25
	Small-Cap REITs	1.20%	30%	25
	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
Industrial
Infrastructure
Residential
Data Centers
Net Lease
Retail
Land / Agriculture
Storage
Lodging
Office
Specialty / Other
Home Financing
Commercial Financing

Index announcements

View the results of the December 2023 Semi-Annual Hoya Capital High Dividend Yield Index Review
View the results of the June 2023 Semi-Annual Hoya Capital High Dividend Yield Index Review
View the results of the December 2022 Semi-Annual Hoya Capital High Dividend Yield Index Review
View the results of the June 2022 Semi-Annual Hoya Capital High Dividend Yield Index Review
View the results of the December 2021 Semi-Annual Hoya Capital High Dividend Yield Index Review