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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 08/07/20

  • 30-Day SEC Yield1

    13.43%

  • Total Net Assets

    $177.2M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    0.49%

  • Net Expense Ratio/TER2

    0.42%

  • Distribution Frequency

    Quarterly

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 08/07/20

  • 30-Day SEC Yield1

    13.43%

  • Distribution Yield1

    8.52%

  • 12-Month Yield1

    12.02%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%

  • Other Expenses

    0.09%

  • Acquired Fund Fees and Expenses

    --

  • Gross Expense Ratio

    0.49%

  • Fee Waivers and
    Expense Reimbursement

    -0.07%

  • Net Expense Ratio/TER2

    0.42%
2Expenses for MORT are capped contractually at 0.40% until September 1, 2020. 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)5

    MORTIV

  • Shares Outstanding

    12,600,000

  • Estimated Cash

    MORTEU

  • Total Cash

    MORTTC

  • CUSIP

    92189F452

  • ISIN

    US92189F4524
5See IIV Details. Source: Bloomberg

Prices as of 08/07/20

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 $14.07
$14.07		 107,506
293,955		 $0.14 / +1.02%
$0.15 / +1.08%		 -35.83%
-35.88%
 $0.00
0.02%		 0.15%

Premium/Discount History as of 08/07/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 157 40 25 38 39
MORT Days closed at NAV 22 6 9 6 9
Days closed at a discount 73 18 30 18 15

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) 5.23 23.84 -37.00 -34.10 -9.88 -0.82 -- 3.16
MORT (Share Price) 4.88 23.72 -37.05 -33.97 -9.97 -0.86 -- 3.13
MVMORTTG (Index) 5.20 24.05 -38.81 -34.21 -9.70 -0.54 -- 3.60
Performance Differential (NAV - Index) 0.03 -0.21 1.81 0.11 -0.18 -0.28 -- -0.44
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 14.32 40.06 -40.13 -36.08 -11.33 -1.28 -- 2.60
MORT (Share Price) 14.26 40.23 -39.97 -35.83 -11.17 -1.27 -- 2.61
MVMORTTG (Index) 14.50 39.96 -41.84 -36.14 -11.13 -0.98 -- 3.04
Performance Differential (NAV - Index) -0.18 0.10 1.71 0.06 -0.20 -0.30 -- -0.44

*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.

Top 10 Holdings (%) as of 07/31/20 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
ANNALY CAPITAL MANAGEMENT INC
NLY US
4,284,285
31,746,552 18.32
AGNC INVESTMENT CORP
AGNC US
1,675,337
22,784,583 13.15
STARWOOD PROPERTY TRUST INC
STWD US
898,889
13,438,391 7.75
NEW RESIDENTIAL INVESTMENT CORP
NRZ US
1,339,468
10,621,981 6.13
BLACKSTONE MORTGAGE TRUST INC
BXMT US
421,248
10,139,439 5.85
HANNON ARMSTRONG SUSTAINABLE INFRASTRUC
HASI US
263,952
9,246,239 5.33
PENNYMAC MORTGAGE INVESTMENT TRUST
PMT US
429,144
8,089,364 4.67
TWO HARBORS INVESTMENT CORP
TWO US
1,334,589
7,246,818 4.18
CHIMERA INVESTMENT CORP
CIM US
736,378
6,620,038 3.82
ARBOR REALTY TRUST INC
ABR US
640,390
6,525,574 3.76
Top 10 Total (%) 72.96
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 07/31/20

  • Country

    % of Net Assets
  • ■

    United States

    99.95
  • ■

    Other/Cash

    0.05

Currency Exposure (%)
as of 07/31/20

  • U.S. Dollar

    99.95

  • Other/Cash

    0.05

Sector Weightings (%) as of 07/31/20

  • Sector

    % of Net Assets
  • ■

    Financials

    99.9
  • ■

    Other/Cash

    0.1