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MORT
VanEck Mortgage REIT Income ETF

Fund Description

The VanEck 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
  • Inception Date

    08/16/2011
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVMORTTG
  • Index Rebalancing

    Quarterly

  as of 02/03/23

  • 30-Day SEC Yield1

    11.36%
  • Total Net Assets

    $197.8M
  • Number of Holdings

    26
  • Options

    Available
  • Gross Expense Ratio2

    0.41%
  • Net Expense Ratio/TER2

    0.41%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    03/31/2023

Fund Highlights

    • 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 02/03/23

  • 30-Day SEC Yield1

    11.36%
  • Distribution Yield1

    11.54%
  • 12-Month Yield1

    11.05%

Fees and Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.01%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.41%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.41%

Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023.

Trading Information

  • Fund Ticker

    MORT
  • Index Total Return Ticker

    MVMORTTG
  • NAV

    MORTNV
  • Intraday NAV (IIV)4

    MORTIV
  • Shares Outstanding

    14,300,000
  • Estimated Cash

    MORTEU
  • Total Cash

    MORTTC
  • CUSIP

    92189F452
  • ISIN

    US92189F4524
4See IIV Details. Source: Bloomberg

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 02/03/23

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
MORT $13.83
$13.84
130,502
76,530
$-0.12 / -0.88%
$-0.11 / -0.79%
+18.59%
+18.59%
$0.01
0.06%
0.08%

Premium/Discount History as of 02/03/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
MORT Days closed at a premium 149 32 28 36 37
Days closed at NAV 38 17 6 14 13
Days closed at a discount 65 13 28 14 13

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) 16.25 16.18 16.25 -13.57 -9.43 -0.84 2.32 4.49
MORT (Share Price) 16.28 16.37 16.28 -13.49 -9.44 -0.78 2.31 4.49
MVMORTTG (Index) 16.25 16.32 16.25 -13.50 -9.31 -0.60 2.65 4.90
Performance Differential (NAV - Index) 0.00 -0.14 0.00 -0.07 -0.12 -0.24 -0.33 -0.41
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) -7.69 13.55 -26.77 -26.77 -12.13 -4.68 2.09 3.15
MORT (Share Price) -7.80 13.50 -26.80 -26.80 -12.10 -4.69 2.08 3.15
MVMORTTG (Index) -7.62 13.71 -26.68 -26.68 -12.78 -4.93 2.11 3.56
Performance Differential (NAV - Index) -0.07 -0.16 -0.09 -0.09 0.65 0.25 -0.02 -0.41

Top 10 Holdings (%) as of 01/31/23

Daily Holdings
Total Holdings: 26
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Annaly Capital Management Inc
NLY US
1,105,093
25,936,533 13.42
Agnc Investment Corp
AGNC US
1,350,162
15,661,879 8.11
Starwood Property Trust Inc
STWD US
731,233
15,275,457 7.91
Rithm Capital Corp
RITM US
1,204,752
11,336,716 5.87
Hannon Armstrong Sustainable Infrastruc
HASI US
291,456
10,757,641 5.57
Arbor Realty Trust Inc
ABR US
642,000
9,585,060 4.96
Blackstone Mortgage Trust Inc
BXMT US
394,166
9,396,917 4.86
Chimera Investment Corp
CIM US
1,096,436
7,993,018 4.14
Ready Capital Corp
RC US
550,726
7,286,105 3.77
Ladder Capital Corp
LADR US
630,715
7,064,008 3.66
Top 10 Total (%) 62.26
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 01/31/23

Country % of Net Assets
United States 100.03
Other/Cash -0.03

Currency Exposure (%) as of 01/31/23

U.S. Dollar 100.03
Other/Cash -0.03

Sector Weightings (%)
as of 01/31/23

Sector % of Net Assets
Financials 100.03
Other/Cash -0.03

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