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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 06/18/19

  • 30-Day SEC Yield1

    10.27%

  • Total Net Assets

    $177.0M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    0.49%

  • Net Expense Ratio/TER2

    0.41%

  • Distribution Frequency

    Quarterly

  • Next Distribution Date

    06/28/2019

Morningstar™ Ratings3
as of 05/31/2019

Category Overall 3 Year 5 Year
Real Estate
3 stars of 225 funds
5 stars of 225 funds
2 stars of 198 funds

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 06/18/19

  • 30-Day SEC Yield1

    10.27%

  • Distribution Yield1

    6.60%

  • 12-Month Yield1

    7.44%
 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

    -0.08%

  • Net Expense Ratio/TER2

    0.41%
2Expenses for MORT are capped contractually at 0.40% until September 1, 2019. 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

    7,750,000

  • Estimated Cash

    MORTEU

  • Total Cash

    MORTTC

  • CUSIP

    92189F452

  • ISIN

    US92189F4524
5See IIV Details. Source: Bloomberg

Prices as of 06/18/19

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 $22.84
$22.87		 41,490
69,145		 $0.07 / +0.29%
$0.06 / +0.26%		 +11.26%
+11.25%
 $0.03
0.12%

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) -6.39 -3.29 7.87 1.84 9.97 6.09 -- 8.37
MORT (Share Price) -6.63 -3.54 7.61 1.47 9.85 6.08 -- 8.35
MVMORTTG (Index) -6.37 -3.19 5.79 2.25 10.37 6.52 -- 8.91
Performance Differential (NAV - Index) -0.02 -0.10 2.08 -0.41 -0.40 -0.43 -- -0.54
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 1.25 12.93 12.93 10.06 14.07 8.08 -- 9.22
MORT (Share Price) 1.25 12.95 12.95 10.57 14.03 8.08 -- 9.24
MVMORTTG (Index) 1.28 10.67 10.67 10.51 14.47 8.51 -- 9.76
Performance Differential (NAV - Index) -0.03 2.26 2.26 -0.45 -0.40 -0.43 -- -0.54

*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 05/31/19 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
2,270,256
20,000,955 11.98
Agnc Investment Corp
AGNC US
880,174
14,434,854 8.64
New Residential Investment Corp
NRZ US
687,903
10,490,521 6.28
Starwood Property Trust Inc
STWD US
463,772
10,226,173 6.12
Apollo Commercial Real Estate Finance I
ARI US
491,485
9,033,494 5.41
Blackstone Mortgage Trust Inc
BXMT US
251,440
8,865,774 5.31
Chimera Investment Corp
CIM US
460,929
8,407,345 5.03
Invesco Mortgage Capital Inc
IVR US
493,777
7,599,228 4.55
Two Harbors Investment Corp
TWO US
619,892
7,575,080 4.54
Colony Credit Real Estate Inc
CLNC US
493,147
7,500,766 4.49
Top 10 Total (%) 62.35
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/19

  • Country

    % of Net Assets
  • ■

    UNITED STATES

    100.25
  • ■

    Other/Cash

    -0.25

Currency Exposure (%)
as of 05/31/19

  • U.S. Dollar

    100.25

  • Other/Cash

    -0.25

Sector Weightings (%) as of 05/31/19

  • Sector

    % of Net Assets
  • ■

    Financials

    96.5
  • ■

    Real Estate

    3.7
  • ■

    Other/Cash

    -0.3