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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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVMORTTG
  • Index Rebalancing

    Quarterly

 
as of 09/20/21

  • 30-Day SEC Yield1

    7.90%
  • Total Net Assets

    $312.2M
  • Number of Holdings

    25
  • Options

    Expected
  • Gross Expense Ratio2

    0.41%
  • Net Expense Ratio/TER2

    0.41%
  • Distribution Frequency

    Quarterly

Key Points

    • 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 09/20/21

  • 30-Day SEC Yield1

    7.90%
  • Distribution Yield1

    6.38%
  • 12-Month Yield1

    6.99%
 1 See Important Disclosure for definitions.

Fees & 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%
2Van 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.

Trading Information

  • Fund Ticker

    MORT
  • Index Total Return Ticker

    MVMORTTG
  • NAV

    MORTNV
  • Intraday NAV (IIV)4

    MORTIV
  • Shares Outstanding

    16,550,000
  • 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • 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 09/20/21

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 $18.86
$18.84
103,885
105,934
-$0.19 / -1.00%
$-0.22 / -1.15%
+19.16%
+18.34%
$-0.02
-0.12%
0.10%

Premium/Discount History as of 09/20/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 144 30 37 37 43
MORT Days closed at NAV 40 12 13 11 6
Days closed at a discount 69 22 14 13 14


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) 2.53 1.09 22.59 48.89 1.08 5.71 7.41 7.19
MORT (Share Price) 2.43 1.07 22.26 48.95 0.97 5.63 7.39 7.17
MVMORTTG (Index) 2.56 1.12 20.27 49.46 1.30 5.98 7.87 7.64
Performance Differential (NAV - Index) -0.03 -0.03 2.32 -0.57 -0.22 -0.27 -0.46 -0.45
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/16/11
MORT (NAV) 1.67 6.53 23.30 60.86 2.62 6.82 -- 7.38
MORT (Share Price) 1.85 6.57 23.20 60.72 2.53 6.84 -- 7.38
MVMORTTG (Index) 1.70 6.65 20.96 61.48 2.88 7.11 -- 7.84
Performance Differential (NAV - Index) -0.03 -0.12 2.34 -0.62 -0.26 -0.29 -- -0.46

Top 10 Holdings (%) as of 08/31/21 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
4,558,118
39,610,045 12.30
AGNC INVESTMENT CORP
AGNC US
1,690,456
27,571,337 8.56
STARWOOD PROPERTY TRUST INC
STWD US
946,506
24,419,855 7.58
HANNON ARMSTRONG SUSTAINABLE INFRASTRUC
HASI US
318,694
19,239,557 5.97
NEW RESIDENTIAL INVESTMENT CORP
NRZ US
1,557,147
17,004,045 5.28
CHIMERA INVESTMENT CORP
CIM US
1,074,421
16,460,130 5.11
BLACKSTONE MORTGAGE TRUST INC
BXMT US
501,117
16,441,649 5.10
TWO HARBORS INVESTMENT CORP
TWO US
2,240,112
14,784,739 4.59
ARBOR REALTY TRUST INC
ABR US
785,856
14,365,448 4.46
APOLLO COMMERCIAL REAL ESTATE FINANCE I
ARI US
873,312
13,580,002 4.22
Top 10 Total (%) 63.17
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • United States

    99.90
  • Other/Cash

    0.10

Currency Exposure (%)
as of 08/31/21

  • U.S. Dollar

    99.90
  • Other/Cash

    0.10

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financials

    99.9
  • Other/Cash

    0.1