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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 04/20/18

    • 30-Day SEC Yield1

      10.40%

    • Total Net Assets

      $132.4M

    • Number of Holdings

      26

    • Options

      Expected

    • Gross Expense Ratio2

      0.54%

    • Net Expense Ratio/TER2

      0.41%

    • Distribution Frequency

      Quarterly

    • Next Distribution Date

      06/29/2018

  • 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 04/20/18

    • 30-Day SEC Yield1

      10.40%

    • Distribution Yield1

      7.55%

    • 12-Month Yield1

      8.41%
     1 See Important Disclosure for definitions.

  • Fees & Expenses2

    • Management Fee

      0.40%

    • Other Expenses

      0.14%

    • Acquired Fund Fees and Expenses

      --

    • Gross Expense Ratio

      0.54%

    • Fee Waivers and
      Expense Reimbursement

      -0.13%

    • Net Expense Ratio/TER2

      0.41%
    2Expenses for MORT are capped contractually at 0.40% until at least September 1, 2018. Cap excludes certain expenses, such as interest.

  • Trading Information

    • Fund Ticker

      MORT

    • Index Total Return Ticker

      MVMORTTG

    • NAV

      MORTNV

    • Intraday NAV (IIV)5

      MORTIV

    • Shares Outstanding

      5,900,000

    • Estimated Cash

      MORTEU

    • Total Cash

      MORTTC

    • CUSIP

      92189F452

    • ISIN

      US92189F4524
    5See IIV Details. Source: Bloomberg

  • Prices as of 04/20/18

    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 $22.43
    $22.37     		25,713
    10,174     		-$0.03 / -0.12%
    $-0.22 / -0.97%     		-2.36%
    -2.78%
    		 $-0.06
    -0.29%

  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    08/16/11
    MORT (NAV)6.81-1.53-1.533.847.034.73--9.09
    MORT (Share Price)6.43-1.95-1.953.446.854.62--9.04
    MVMORTTG (Index)6.87-3.93-3.934.117.455.16--9.65
    Performance Differential (NAV - Index)-0.062.402.40-0.27-0.42-0.43---0.56
    After Tax Held6.81-2.54-2.540.523.270.70--5.10
    After Tax Sold4.03-0.89-0.892.193.581.63--5.23
    Quarter End as of 03/31/18
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    08/16/11
    MORT (NAV)6.81-1.53-1.533.847.034.73--9.09
    MORT (Share Price)6.43-1.95-1.953.446.854.62--9.04
    MVMORTTG (Index)6.87-3.93-3.934.117.455.16--9.65
    Performance Differential (NAV - Index)-0.062.402.40-0.27-0.42-0.43---0.56
    After Tax Held6.81-2.54-2.540.523.270.70--5.10
    After Tax Sold4.03-0.89-0.892.193.581.63--5.23

    *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 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.

    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.

  • Daily HoldingsTop 10 Holdings (%) as of 03/31/18

    Total Holdings: 26
    Holding Name
    Ticker
    		SharesMarket Value
    (US$)    		% of Net
    Assets
    Annaly Capital Management Inc
    NLY US
    1,731,032
    		18,054,66413.49
    Agnc Investment Corp
    AGNC US
    577,185
    		10,920,3408.16
    New Residential Investment Corp
    NRZ US
    513,714
    		8,450,5956.32
    Starwood Property Trust Inc
    STWD US
    394,824
    		8,271,5636.18
    Two Harbors Investment Corp
    TWO US
    426,325
    		6,552,6154.90
    Chimera Investment Corp
    CIM US
    373,035
    		6,494,5394.85
    Blackstone Mortgage Trust Inc
    BXMT US
    204,118
    		6,413,3884.79
    Invesco Mortgage Capital Inc
    IVR US
    361,235
    		5,917,0294.42
    Mfa Financial Inc
    MFA US
    780,812
    		5,879,5144.39
    Apollo Commercial Real Estate Finance I
    ARI US
    312,073
    		5,611,0734.19
    Top 10 Total (%)61.69
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 03/31/18

    • Country

      % of Net Assets
    • ■

      UNITED STATES

      97.64
    • ■

      Other/Cash

      2.36

  • Currency Exposure (%)
    as of 03/31/18

    • U.S. Dollar

      97.64

    • Other/Cash

      2.36

  • Sector Weightings (%) as of 03/31/18

    • Sector

      % of Net Assets
    • ■

      Financials

      96.4
    • ■

      Real Estate

      1.3
    • ■

      Other/Cash

      2.4
Web Access Notice: VanEck is committed to ensuring accessibility of its website for investors and potential investors, including those with disabilities. If you have difficulty accessing any feature or functionality on the VanEck website, please feel free to call us at 800.826.2333 or email us at info@vaneck.com for assistance.
 

  • 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 10.36% on 04/20/2018. 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, 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, 2018. 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 risk which includes, among others, market risk, risk of investing in mortgage REITs, equity securities risk, and risk of investing in the financial services sector, 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 US 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 S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2018 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

    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.

     

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666 Third Avenue
New York, NY 10017
800.826.2333

 



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