Hoya Capital reported that the sector's overall leverage ratio remains low at 34%

Hoya Capital Real Estate, LLC an SEC-Registered Investment Advisor. Hoya Capital Research & Index Innovations is an affiliated research and index provider. Hoya Capital Real Estate advises ETFs and individual accounts by investing in portfolios of publicly-traded commercial and residential real estate companies. Hoya Capital Research is one of the most widely-followed voices in the real estate industry, providing market commentary and coverage across the U.S. commercial and residential real estate ecosystem. ETF Express Award Methodology Awards are based on a “peer review system” whereby ETF Express readers – including institutional and high net worth advisors, managers, and other industry professionals at fund administrators, prime brokers, custodians, and advisers – are invited to elect a “best in class” in a series of categories via an online survey. There were 1,202 votes cast in total. ETF Express worked with Algo-Chain to pre-select ETF Providers in each category based on investment performance during the twelve month period of May 2018-May 2019 leading up to the award selection. In each category, the firms with the most votes at the end of the voting period are subject to a final review by ETF Express’s Senior Editorial team. Awarded on October 24, 2019. ETF.com Award Methodology Winners are selected in a three-part process designed to leverage the insights and opinions of leaders throughout the ETF industry. Voting was completed by Jan. 31, 2019. Categories: ‘Best New US Equity ETF’ is awarded to an ETF Launched in 2019 that is judged by the ETF Awards Nominating Committee to be the best new ETF of the year in the equity category. ‘Most Innovative New ETF’ is awarded to an ETF Launched in 2019 that is judged by the ETF Awards Nominating Committee to be the most innovative new ETF of the year. ‘New ETF Issuer of the Year’ ETF’ is awarded to an ETF Issuer that launched their first fund in that particular year.