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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 10/20/17

    • 30-Day SEC Yield1

      9.20%
    • Total Net Assets

      $156.9M
    • Number of Holdings

      26
    • Options

      Expected
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.41%
    • Distribution Frequency

      Quarterly
    • Next Distribution Date

      12/26/2017
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    08/16/11
    MORT (NAV)1.493.2721.5421.6211.268.24--10.66
    MORT (Share Price)1.773.8921.9921.4111.328.24--10.70
    MVMORTTG (Index)1.483.3519.2721.9311.738.70--11.25
    Performance Differential (NAV - Index)0.01-0.082.27-0.31-0.47-0.46---0.59
    After Tax Held1.492.5718.7117.657.184.07--6.63
    After Tax Sold0.841.8412.0511.966.584.25--6.38
    Quarter End as of 09/30/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    08/16/11
    MORT (NAV)1.493.2721.5421.6211.268.24--10.66
    MORT (Share Price)1.773.8921.9921.4111.328.24--10.70
    MVMORTTG (Index)1.483.3519.2721.9311.738.70--11.25
    Performance Differential (NAV - Index)0.01-0.082.27-0.31-0.47-0.46---0.59
    After Tax Held1.492.5718.7117.657.184.07--6.63
    After Tax Sold0.841.8412.0511.966.584.25--6.38
  • Performance History:Cumulative Total Return (%) as of 12/31/16

    1 YR3 YR5 YR10 YRLIFE
    08/16/11
    MORT (NAV)23.0835.3261.14--53.03
    MORT (Share Price)22.3534.8961.17--52.77
    MVMORTTG (Index)23.18--------
    Performance Differential (NAV - Index)-0.10--------
  • Calendar Year Returns (%) as of 12/31/2016

  • NAV & Premium/
    Discount History
    as of 09/30/17

  • Best & Worst
    Quarter Returns (%)
    as of 09/30/17

    • Best quarter

      1Q'13+22.07%
    • Worst quarter

      2Q'13-14.23%

    Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.  

     

  • Distribution History

    Anticipated Dividend & Capital Gains Frequency: Annual
    Ex-Date Record
    Date
    Payable Date Dividend
    Income*
    Short-Term
    Capital Gains
    Long-Term
    Capital Gains
    Return of Capital Total Distributions
    10/02/2017 10/04/2017 10/06/2017 $0.4650 -- -- -- $0.4650
    07/03/2017 07/06/2017 07/10/2017 $0.3861 -- -- -- $0.3861
    04/03/2017 04/05/2017 04/07/2017 $0.4200 -- -- -- $0.4200
    12/28/2016 12/30/2016 01/04/2017 $0.4850 -- -- -- $0.4850
    10/03/2016 10/05/2016 10/07/2016 $0.4722 -- -- -- $0.4722
    07/01/2016 07/06/2016 07/08/2016 $0.3490 -- -- -- $0.3490
    04/01/2016 04/05/2016 04/07/2016 $0.4207 -- -- $0.0693 $0.4900
    12/29/2015 12/31/2015 01/05/2016 $0.5000 -- -- -- $0.5000
    10/01/2015 10/05/2015 10/07/2015 $0.4800 -- -- -- $0.4800
    07/01/2015 07/06/2015 07/08/2015 $0.5000 -- -- -- $0.5000
    04/01/2015 04/06/2015 04/08/2015 $0.4550 -- -- -- $0.4550
    12/29/2014 12/31/2014 01/05/2015 $0.4600 -- -- -- $0.4600
    12/29/2014 12/31/2014 01/05/2015 $0.4584 -- -- -- $0.4584
    10/01/2014 10/03/2014 10/07/2014 $0.4700 -- -- -- $0.4700
    07/01/2014 07/03/2014 07/08/2014 $0.4500 -- -- -- $0.4500
    04/01/2014 04/03/2014 04/07/2014 $0.5500 -- -- -- $0.5500
    12/27/2013 12/31/2013 01/03/2014 $0.2606 -- -- $0.6098 $0.8704
    12/27/2013 12/31/2013 01/03/2014 $0.5800 -- -- -- $0.5800
    10/01/2013 10/03/2013 10/07/2013 $0.6150 -- -- -- $0.6150
    07/01/2013 07/03/2013 07/08/2013 $0.6000 -- -- -- $0.6000
    04/01/2013 04/03/2013 04/05/2013 $0.5924 -- $0.1332 -- $0.7256
    12/27/2012 12/31/2012 01/03/2013 $0.7800 -- $0.0022 -- $0.7822
    10/01/2012 10/03/2012 10/05/2012 $0.6480 -- -- -- $0.6480
    07/02/2012 07/05/2012 07/09/2012 $0.7030 -- -- -- $0.7030
    04/02/2012 04/04/2012 04/09/2012 $0.6270 -- -- -- $0.6270
    12/28/2011 12/30/2011 01/04/2012 $0.6200 -- -- -- $0.6200
    10/03/2011 10/05/2011 10/07/2011 $0.6800 -- -- -- $0.6800
    *All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.Click here to access more detailed yearend tax information.
  • 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 9.11% on 10/20/2017. 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, 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 (“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 © 2017 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.