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Global X SuperDividend REIT ETF: 8% Yield Comes With Higher Risk

Published Fri, 21 Jun 2019 08:01:49 -0400 on Seeking Alpha

As far as names for exchange traded funds go, the Global X SuperDividend REIT ETF (NYSE: SRET) sounds rather intriguing. SRET is a strategy-focused fund that tracks an index of the highest-yielding REITs globally. Indeed, the current 8% dividend yield and monthly distributions suggest this one is worth keeping an eye on for its income properties. Since its inception date in March of 2015, The SuperDividend ETF has actually outperformed larger and more well-known broad-sector REIT ETFs including the iShares US Real Estate ETF (IYR), the iShares Global REIT ETF (REET), and the Vanguard Real Estate ETF (VNQ) on a total return basis. However, in more recent periods including year-to-date and over the past year, SRET is trailing the group. The data shows that while SRET has a higher yield, investors should be aware of the corresponding higher risk level. This article covers the characteristics of SRET including the performance of its underlying holdings.
Data by YCharts
SRET Methodology
The strategy utilized by the fund manager Global X for the SuperDividend REIT ETF is rather simple and intuitive. The fund takes the highest dividend-yielding stocks that compose the "Solactive Global SuperDividend Index" through a replication methodology. Solactive is a privately held German-based financial index provider in the same business as MSCI Inc. (MSCI) as a reference. The underlying Solactive index features a quarterly re-balancing screening for significant developments like a... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ANNALY CAPITAL MANAGEMENT 8.60   0.0 -3.32 1.20 14.00
NEW YORK MORTGAGE TRUST 6.14   12.0 0.51 0.80 12.74
AMERICAN CAPITAL AGENCY 15.64   0.0 -1.54 1.92 12.21
ARMOUR RESIDENTIAL REIT 17.26   0.0 -9.30 2.04 12.03
TWO HARBORS INVESTMENT 13.28   0.0 -2.81 1.60 12.02
INVESCO MORTGAGE CAPITAL 15.18   0.0 -1.01 1.80 11.80
MFA FINANCIAL 7.39   10.4 0.71 0.80 10.81
ARBOR REALTY TRUST 12.77   9.1 1.40 1.16 9.21
HOSPITALITY PROPERTIES TRUST 25.17   0.0 -1.27 2.16 8.52
PENNYMAC MORTGAGE INV TRUST 22.24   9.5 2.35 1.88 8.50
LADDER CAPITAL 17.14   12.1 1.42 1.36 7.96
STARWOOD PROPERTY TRUST 24.39   18.5 1.32 1.92 7.95
GAMING AND LEISURE PROPERTIES 38.48   24.7 1.56 2.72 7.02
BLACKSTONE MORTGAGE TRUST 36.16   14.5 2.49 2.48 6.94
OMEGA HEALTHCARE INVESTORS 41.16   32.4 1.27 2.64 6.57
VEREIT 9.77   40.7 0.24 0.55 5.86
INDEPENDENCE REALTY TRUST 14.04   35.1 0.40 0.72 5.25


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