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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™ Global Mortgage REITs Index (MVMORTTR), which is intended to track the overall performance of 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

      MVMORTTR

    • Index Rebalancing

      Quarterly

  •  
    as of 08/18/17

    • 30-Day SEC Yield1

      9.29%

    • Total Net Assets

      $146.0M

    • Number of Holdings

      26

    • Options

      Expected

    • Gross Expense Ratio2

      0.57%

    • Net Expense Ratio/TER2

      0.41%

    • Distribution Frequency

      Quarterly

    • Next Distribution Date

      09/29/2017

  • Index Key Points

    The MVIS Global Mortgage REITs Index (MVMORTTR) is a rules-based index intended to track the overall performance of publicly traded mortgage REITs. Companies eligible for inclusion in Index have:

    • At least 50% of their revenues from mortgage-related activity. This includes companies or trusts that are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities.
    • Market cap exceeding $150 million.
    • Three-month average daily trading volume of at least $1 million.
    • Minimum trading volume of 250,000 shares each month over last 6 months.

     

    Index Provider: MV Index Solutions

  • Index Profile

    • Ticker

      MVMORTTR

    • Inception Date

      08/04/2011

    • Rebalance Frequency

      Quarterly

  • Download All Index ConstituentsTop 10 Constituents (%) as of 07/31/17

    Total Constituents: 25
    Constituent Name
    Ticker
    		Weightings (%)
    Annaly Capital Management In
    NLY US
    		13.87
    Agnc Investment Corp
    AGNC US
    		8.56
    Starwood Property Trust Inc
    STWD US
    		6.67
    New Residential Investment
    NRZ US
    		5.90
    Chimera Investment Corp
    CIM US
    		5.02
    Blackstone Mortgage Tru-Cl A
    BXMT US
    		4.95
    Two Harbors Investment Corp
    TWO US
    		4.87
    Invesco Mortgage Capital
    IVR US
    		4.59
    Mfa Financial Inc
    MFA US
    		4.59
    Apollo Commercial Real Estat
    ARI US
    		4.41
    Top 10 Total (%)63.43
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Index Country Weightings (%) as of 07/31/17

    • Country

      Weightings (%)
    • ■

      UNITED STATES

      97.88
    • ■

      MEXICO

      2.12
    • ■

      OTHERS

      0.00

  • Sector Weightings (%) as of 07/31/17

    • Sector

      % of Net Assets
    • ■

      Financial

      95.1
    • ■

      Consumer, Non-cyclical

      4.9
    • ■

      OTHERS

      0.0

  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yieldis a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among 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. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Mortgage REIT Income ETF would have been 9.20% on 08/18/2017. 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 acquired fund fees and expenses, 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, 2017. 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. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : If applicable, when the ETF is rated three stars or more for any given period. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    6The 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.

    An investment in the Fund may be subject to risks which include, among others, credit risk, additional risks associated with mortgage-backed securities offered by private issuers, unexpected high rates of default on mortgages, failure of private insurers to meet their obligations, interest rate risk, leverage risk which may cause a mortgage REIT to suffer increased losses in adverse market conditions, prepayment risk, and tax requirements, all of which may adversely affect the Fund. Small- and medium-capitalization companies may be subject to elevated risks. 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.

    MVIS Global Mortgage REITs Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vectors Mortgage REIT Income ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

    The "Net Asset Value" (NAV) of a VanEck 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. VanEck 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. 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 800.826.2333 or visit vaneck.com/etfs . Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

     

Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333

 



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