MORTVanEck 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 03/27/23
-
30-Day SEC Yield1
15.15% -
Total Net Assets
$161.3M -
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
Key Documents and Links
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 03/27/23
-
30-Day SEC Yield1
15.15% -
Distribution Yield1
14.74% -
12-Month Yield1
14.11%
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%
2 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
14,900,000 -
Estimated Cash
MORTEU -
Total Cash
MORTTC -
CUSIP
92189F452 -
ISIN
US92189F4524
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
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) | -8.15 | -1.43 | 6.78 | -14.92 | -9.21 | -1.83 | 1.28 | 3.69 |
MORT (Share Price) | -8.11 | -1.48 | 6.86 | -14.86 | -9.17 | -1.82 | 1.29 | 3.70 |
MVMORTTG (Index) | -8.11 | -1.31 | 6.83 | -14.85 | -9.10 | -1.59 | 1.60 | 4.10 |
Performance Differential (NAV - Index) | -0.04 | -0.12 | -0.05 | -0.07 | -0.11 | -0.24 | -0.32 | -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 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Annaly Capital Management Inc |
NLY US
|
1,147,811
|
23,736,731 | 12.88 |
Agnc Investment Corp |
AGNC US
|
1,402,353
|
15,243,577 | 8.27 |
Starwood Property Trust Inc |
STWD US
|
759,499
|
14,552,001 | 7.90 |
Rithm Capital Corp |
RITM US
|
1,251,056
|
11,384,610 | 6.18 |
Arbor Realty Trust Inc |
ABR US
|
666,675
|
10,053,459 | 5.45 |
Hannon Armstrong Sustainable Infrastruc |
HASI US
|
302,656
|
9,506,425 | 5.16 |
Blackstone Mortgage Trust Inc |
BXMT US
|
409,401
|
8,667,019 | 4.70 |
Ladder Capital Corp |
LADR US
|
655,096
|
7,402,585 | 4.02 |
Chimera Investment Corp |
CIM US
|
1,138,821
|
7,390,948 | 4.01 |
Apollo Commercial Real Estate Finance I |
ARI US
|
598,761
|
6,879,764 | 3.73 |
Top 10 Total (%) | 62.29 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 99.87 |
● Other/Cash | 0.13 |
Currency Exposure (%) as of 02/28/23
U.S. Dollar | 99.87 |
Other/Cash | 0.13 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Financials | 99.87 |
● Other/Cash | 0.13 |