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  • Ticker:- MORT;false;MVMORT;
  • Ticker Group:- ETFFI_EI;false;;

  • Making News

    Seeking Alpha: How Preferred ETFs Can Juice Your Income Portfolio


    04/09/13: Touting the benefits of preferred stock ETFs, Seeking Alpha underscores PFXF. "This new and unique offering from Van Eck Global seeks to differentiate itself by getting away from the traditional financial sector dominance of other preferred ETFs." 

    View article >> 


    Barron's: Yield's Final Frontier


    03/09/13: "After high-yield bonds, real-estate investment trusts, and leveraged loans comes yield's final frontier: the roughly $24 billion niche of business-development companies [BDCs]," reports Brendan Conway. "Van Eck Global last month launched the first BDC-only ETF, the Market Vectors BDC Income ETF (BIZD). Though it tracks 25 companies, 50% of assets are invested in five BDCs. One reason: You can count the number of companies with a $1 billion market capitalization on two hands." 

    View article >> 


    WSJ: Advisers Find Income Alternatives in Mortgage REITs


    03/06/13:  WSJ Reporter Murray Coleman highlights MORT in his recent article on mortgage REITs: But for most mainstream investors, mortgage REITs likely represent "a roundabout way" to lower portfolio correlations and generate higher income. He quotes product manager, Brandon R.: “we stress that MORT is designed to leverage the differences between short-term financing rates and longer-term MBS [mortgage-backed securities] yields.”
    View article >> 


    ETF Database: All About The New BDC Income ETF (BIZD)


    02/26/13: “The new Market Vectors BDC Income ETF (BIZD) gives investors access to a diversified pool of business development companies in the U.S., and indirectly to the typically small high-yielding companies they invest in,” writes Cory Mitchell. “Ultimately, BIZD is attractive if you are an investor looking for high yield—expected to be around 7.60% – and are willing to accept higher risk to get it.”
      View article >> 


    Zacks: A Closer Look at BIZD


    02/14/13: "In investors’ never-ending quest for high yield securities, many have taken a closer look at BDCs for exposure," claims Zacks’ Eric Dutram. He discusses the limited access that individual investors have to BDCs, but highlights the recent launch of BIZD. "This ETF seems appropriate for those seeking a high income play in the relatively uncorrelated BDC ETF market. These BDCs often loan capital to firms that are very small or are otherwise uninvestable in other ways, making them an interesting way to tap into this overlooked market segment." 

    View article >> 


  • How to Purchase

    Learn more

Mortgage REIT Income ETF MORT

  • Full Name: Market Vectors®
    Mortgage REIT Income ETF (MORT)

    Management Style: Replication

    Underlying Index: Market Vectors® Global Mortgage REITs Index (MVMORTTR)

    Index Description: MVMORTTR is a rules based index intended to track the overall performance of publicly traded mortgage REITs.

  •    

    • Fund Ticker

      MORT

    • Exchange

      NYSE Arca

    • Index Total Return Ticker

      MVMORTTR

    • Index Provider

      Market Vectors Index Solutions

    • Total Net Assets

      $121.0M

    • Shares Outstanding

      4,450,000

    • Number of Holdings

      26

    • Commencement Date

      08/16/2011

  •   as of 05/24/13

  • Yields as of 05/24/13

    • 30-Day SEC Yield1

      11.07%

    • Distribution Yield1

      8.71%

    • 12-Month Yield1

      9.97%
     1 See Important Disclosure for definitions.

  • Key Points

    • High Dividend Yield Potential
      In recent years, yields from mortgage REITs have been higher than those of equity REITs and many income-oriented securities

    • Pure Mortgage REIT Exposure
      Tracks an index that offers pure play exposure to mortgage REITs

    • Industry in Transition
      Mortgage REITs may potentially stand to benefit from the evolving mortgage finance market but are sensitive to interest rate and regulatory changes

  • Trading Information

    • Fund Ticker

      MORT

    • Index Total Return Ticker

      MVMORTTR

    • NAV

      MORTNV

    • Intraday NAV (IIV)5

      MORTIV

    • Shares Outstanding

      4,450,000

    • Estimated Cash

      MORTEU

    • Total Cash

      MORTTC

    • CUSIP

      57060U324

    • ISIN

      US57060U3243
    5See IIV Details. Source: Bloomberg

  • Fees & Expenses2

    • Management Fee

      0.40%

    • Other Expenses

      0.79%

    • Acquired Fund Fees and Expenses

      --

    • Gross Expense Ratio

      1.19%

    • Fee Waivers and
      Expense Reimbursement

      (0.79)%

    • Net Expense Ratio

      0.40%
    2Expenses for MORT are capped contractually at 0.40% until 09/01/13. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.

  • Prices as of 05/24/13

    TickerNAV/
    Last Price    		Avg. 30-Day
    Trading
    Volume    		Daily Change
    NAV/
    Last Price    		 YTD Change
    NAV/
    Last Price    		Premium/
    Discount    		Prem/Discount
    Distribution Charts    		NAV &
    Prem/Discount
    History    		NAV
    Price
    Chart
    MORT $27.19
    $27.13         		59,016
    73,482
    $-0.13 / -0.5%
    $-0.18 / -0.7%
    		+ 10.9%
    + 10.6%
    		$-0.06
    -0.22%

  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    08/16/11
    MORT (NAV) 1.06 8.56 23.36 28.75 -- -- -- 23.18
    MORT (Share Price) 1.03 8.54 23.51 28.60 -- -- -- 23.29
    MVMORT (Index) 1.03 7.59 18.69 24.69 -- -- -- 19.13
    Performance Differential (NAV - Index) 0.03 0.97 4.67 4.06 -- -- -- 4.05
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    08/16/11
    MORT (NAV) 5.56 22.07 22.07 31.56 -- -- -- 23.69
    MORT (Share Price) 5.77 22.26 22.26 31.55 -- -- -- 23.82
    MVMORT (Index) 4.68 17.48 17.48 27.34 -- -- -- 19.43
    Performance Differential (NAV - Index) 0.03 0.97 4.67 4.06 -- -- -- 4.05

    *Returns less than one year are not annualized.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made.

  • View All Holdings » Top 10 Holdings (%) as of 04/30/13

    Total Holdings: 25
    Holding Name
    Ticker
    		 Shares Market Value
    (US$)     		% of Net
    Assets
    Annaly Capital Management Inc
    NLY US
    		 1,317,715 21,004,377 16.05
    American Capital Agency Corp
    AGNC US
    		 557,072 18,556,068 14.18
    Chimera Investment Corp
    CIM US
    		 2,050,716 6,767,363 5.17
    MFA Financial Inc
    MFA US
    		 691,003 6,405,598 4.89
    Starwood Property Trust Inc
    STWD US
    		 229,088 6,297,629 4.81
    Invesco Mortgage Capital Inc
    IVR US
    		 276,936 5,926,430 4.53
    Newcastle Investment Corp
    NCT US
    		 519,664 5,887,793 4.50
    Hatteras Financial Corp
    HTS US
    		 215,174 5,880,705 4.49
    Two Harbors Investment Corp
    TWO US
    		 489,017 5,858,424 4.48
    Cypress Sharpridge Investments Inc
    CYS US
    		 465,548 5,786,762 4.42
    Top 10 Total (%) 67.52
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Domicile Weightings (%) as of 04/30/13

    • Domicile

      % of Net Assets

    • UNITED STATES

      100.1

    • Other

      -0.1

    • Total

      100.0

  • Currency Exposure (%)
    as of 04/30/13

    • U.S. Dollar

      100.07

    • Other

      -0.07

    • Total

      100.00

  • Sector Weightings (%) as of 04/30/13

    • Sector

      % of Net Assets

    • Financial

      100.1

    • Other

      -0.1

    • Total

      100.0
  • Contact Us

    Van Eck Securities
    Corporation, Distributor
    335 Madison Avenue, 19th Fl.
    New York, NY 10017
    888.MKT.VCTR
    888.658.8287
    marketvectors@vaneck.com

  • Important Disclosure

    130-Day SEC Yield  is calculated as of the most recent month end, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The Distribution Yield is the annual yield an investor would receive if the most recent fund distribution stayed the same going forward. The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date. The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

    2MORT Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.40% of the Fund’s average daily net assets per year until at least September 1, 2013. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.

    3Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. All Rights Reserved. Not applicable at this time.

    4IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

    5The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    Investments in mortgage REITs are exposed to the risks specific to the real estate market as well as the risks that relate specifically to the way in which mortgage REITs are organized and operated which include, among others, credit risk, interest rate risk, leverage risk, prepayment risk and U.S. federal tax requirements. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

    The Morningstar Wide Moat Focus Index was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the Market Vectors Wide Moat ETF and bears no liability with respect to that ETF or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Wide Moat Focus IndexSM is a service mark of Morningstar, Inc. Morningstar® Wide Moat Focus IndexSM consists of 20 companies identified as having sustainable, competitive advantages and whose stocks are the most attractively priced, according to Morningstar; the Index inception date is 2/14/07. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor’s tax situation and may differ from those shown.

    The value of the securities held by the Fund may fluctuate due to market and economic conditions or factors relating to specific issuers. Small- and medium-capitalization companies may be more volatile than large-capitalization companies. The Fund is subject to index tracking risk and may not be able to invest in certain securities in the exact proportions in which they are represented in the Index. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value  

© 2013 Van Eck Securities Corporation. All rights reserved.