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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

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVMORTTG

  • Index Rebalancing

    Quarterly

 
as of 01/20/21

  • 30-Day SEC Yield1

    9.08%

  • Total Net Assets

    $247.7M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    0.50%

  • Net Expense Ratio/TER2

    0.41%

  • Distribution Frequency

    Quarterly
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Key Points

    • High Dividend Yield Potential
      Yields from mortgage REITs have historically been higher than those of equity REITs and many income-oriented securities

    • Comprehensive Mortgage Finance Exposure
      Mortgage REITs provide exposure to mortgage investments ranging from agency MBS to commercial loan origination to mortgage servicing rights

    • 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 01/20/21

  • 30-Day SEC Yield1

    9.08%

  • Distribution Yield1

    8.37%

  • 12-Month Yield1

    8.04%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%

  • Other Expenses

    0.10%

  • Acquired Fund Fees and Expenses

    --

  • Gross Expense Ratio

    0.50%

  • Fee Waivers and
    Expense Reimbursement

    -0.09%

  • Net Expense Ratio/TER2

    0.41%
2Expenses for MORT are capped contractually at 0.40% until September 1, 2021. 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)4

    MORTIV

  • Shares Outstanding

    14,650,000

  • Estimated Cash

    MORTEU

  • Total Cash

    MORTTC

  • CUSIP

    92189F452

  • ISIN

    US92189F4524
4See IIV Details. Source: Bloomberg

Prices as of 01/20/21

NAV/
Market 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 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
MORT $16.91
$16.91		 214,533
193,723		 $0.18 / +1.10%
$0.20 / +1.20%		 +3.33%
+3.07%
 $0.00
0.01%		 0.12%

Premium/Discount History as of 01/20/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 157 38 39 30 37
MORT Days closed at NAV 22 6 9 12 13
Days closed at a discount 73 18 15 22 14

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

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 4.15 23.08 -21.89 -21.89 -3.23 5.67 -- 5.41
MORT (Share Price) 4.30 23.23 -21.69 -21.69 -3.22 5.61 -- 5.42
MVMORTTG (Index) 6.43 25.97 -22.35 -22.35 -3.13 5.90 -- 6.09
Performance Differential (NAV - Index) -2.28 -2.89 0.46 0.46 -0.10 -0.23 -- -0.68
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 4.15 23.08 -21.89 -21.89 -3.23 5.67 -- 5.41
MORT (Share Price) 4.30 23.23 -21.69 -21.69 -3.22 5.61 -- 5.42
MVMORTTG (Index) 6.43 25.97 -22.35 -22.35 -3.13 5.90 -- 6.09
Performance Differential (NAV - Index) -2.28 -2.89 0.46 0.46 -0.10 -0.23 -- -0.68

*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.

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.

Top 10 Holdings (%) as of 12/31/20 Daily Holdings

Total Holdings: 25
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full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
ANNALY CAPITAL MANAGEMENT INC
NLY US
3,958,511
33,449,418 13.75
AGNC INVESTMENT CORP
AGNC US
1,543,542
24,079,255 9.90
STARWOOD PROPERTY TRUST INC
STWD US
825,395
15,930,124 6.55
HANNON ARMSTRONG SUSTAINABLE INFRASTRUC
HASI US
220,741
14,001,602 5.76
NEW RESIDENTIAL INVESTMENT CORP
NRZ US
1,272,215
12,645,817 5.20
BLACKSTONE MORTGAGE TRUST INC
BXMT US
429,187
11,815,518 4.86
CHIMERA INVESTMENT CORP
CIM US
1,126,520
11,546,830 4.75
ARBOR REALTY TRUST INC
ABR US
773,907
10,974,001 4.51
MFA FINANCIAL INC
MFA US
2,820,958
10,973,527 4.51
PENNYMAC MORTGAGE INVESTMENT TRUST
PMT US
622,577
10,951,129 4.50
Top 10 Total (%) 64.29
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 12/31/20

  • Country

    % of Net Assets
  • ■

    United States

    100.09
  • ■

    Other/Cash

    -0.09

Currency Exposure (%)
as of 12/31/20

  • U.S. Dollar

    100.09

  • Other/Cash

    -0.09

Sector Weightings (%) as of 12/31/20

  • Sector

    % of Net Assets
  • ■

    Financials

    100.1
  • ■

    Other/Cash

    -0.1