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MORT
VanEck Vectors Mortgage REIT Income ETF

Fund Description

The VanEck Vectors® Mortgage REIT Income ETF (MORT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Mortgage REITs Index (MVMORTTG), which is intended to track the overall performance of U.S. mortgage real estate investment trusts.

 
 

  • Fund Ticker

    MORT
  • Exchange

    NYSE Arca
  • Commencement

    08/16/2011
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    MVMORTTG
  • Index Rebalancing

    Quarterly

 
as of 09/17/19

  • 30-Day SEC Yield1

    10.18%
  • Total Net Assets

    $195.9M
  • Number of Holdings

    26
  • Options

    Expected
  • Gross Expense Ratio2

    0.49%
  • Net Expense Ratio/TER2

    0.42%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    09/30/2019

Morningstar™ Ratings3
as of 08/31/2019

Category Overall 3 Year 5 Year
Real Estate
3 stars of 223 funds
4 stars of 223 funds
2 stars of 198 funds

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

Yield
as of 09/17/19

  • 30-Day SEC Yield1

    10.18%
  • Distribution Yield1

    6.37%
  • 12-Month Yield1

    7.34%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.09%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.49%
  • Fee Waivers and
    Expense Reimbursement

    -0.07%
  • Net Expense Ratio/TER2

    0.42%
2Expenses for MORT are capped contractually at 0.40% until September 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    MORT
  • Index Total Return Ticker

    MVMORTTG
  • NAV

    MORTNV
  • Intraday NAV (IIV)5

    MORTIV
  • Shares Outstanding

    8,550,000
  • Estimated Cash

    MORTEU
  • Total Cash

    MORTTC
  • CUSIP

    92189F452
  • ISIN

    US92189F4524
5See IIV Details. Source: Bloomberg

Prices as of 09/17/19

NAV/
Last Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
Premium/
Discount
Prem/Discount
Distribution Charts
NAV &
Prem/Discount
History
NAV
Chart
MORT $22.91
$22.92
61,612
15,435
$0.07 / +0.29%
$0.11 / +0.48%
+13.29%
+13.20%
$0.01
0.05%

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) -5.99 0.73 8.65 -3.06 7.41 5.53 -- 8.20
MORT (Share Price) -5.81 0.66 8.32 -3.45 7.25 5.47 -- 8.17
MVMORTTG (Index) -5.94 0.90 6.74 -2.63 7.79 5.98 -- 8.74
Performance Differential (NAV - Index) -0.05 -0.17 1.91 -0.43 -0.38 -0.45 -- -0.54
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 4.97 0.27 13.24 5.10 10.60 6.79 -- 8.95
MORT (Share Price) 4.84 -0.12 12.82 4.51 10.51 6.71 -- 8.92
MVMORTTG (Index) 5.05 0.41 11.12 5.58 10.99 7.20 -- 9.49
Performance Differential (NAV - Index) -0.08 -0.14 2.12 -0.48 -0.39 -0.41 -- -0.54

Top 10 Holdings (%) as of 08/31/19 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
Annaly Capital Management Inc
NLY US
2,781,670
23,087,861 12.46
Agnc Investment Corp
AGNC US
999,977
14,869,658 8.02
Starwood Property Trust Inc
STWD US
548,333
12,847,442 6.93
New Residential Investment Corp
NRZ US
831,808
11,703,539 6.31
Two Harbors Investment Corp
TWO US
767,964
9,699,385 5.23
Chimera Investment Corp
CIM US
507,915
9,685,939 5.23
Blackstone Mortgage Trust Inc
BXMT US
265,038
9,223,322 4.98
Mfa Financial Inc
MFA US
1,213,428
8,700,279 4.69
Invesco Mortgage Capital Inc
IVR US
573,767
8,623,718 4.65
Apollo Commercial Real Estate Finance I
ARI US
462,505
8,579,468 4.63
Top 10 Total (%) 63.13
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/19

  • Country

    % of Net Assets
  • United States

    100.80
  • Other/Cash

    -0.80

Currency Exposure (%)
as of 08/31/19

  • U.S. Dollar

    100.80
  • Other/Cash

    -0.80

Sector Weightings (%) as of 08/31/19

  • Sector

    % of Net Assets
  • Financials

    96.7
  • Real Estate

    4.1
  • Other/Cash

    -0.8