RIET - RIET: Hoya Capital Has Turned Lemons Into Lemonade But The 7% Yield Isn't Worth It

• RIET is a new ETF that will appeal to high-yield REIT investors looking to benefit from Hoya Capital's well-documented expertise here on Seeking Alpha.
• The fund combines Dividend Champions, REITs from all market-cap segments, and Preferred Stock for a net expense ratio of 0.25%.
• Unfortunately, the fund starts behind the 8-ball due to its high allocation to small- and mid-cap REITs, which traditionally are significant underperformers.
• Hoya Capital appears to have made the most of a difficult situation by selecting the best of these underperformers, but it's not enough.
• RIET represents a clear trade-off between high yield and total returns, and I don't think it will experience the same type of success as HOMZ, its first ETF, will.

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