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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 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
Schedule a Call
Fund FAQ
How to Buy

Key Documents and Links

MORT Fact Sheet
Summary Prospectus
Management Team

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
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 03/27/23

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 $10.82
$10.84 		129,872
71,957 		$0.19 / +1.74%
$0.21 / +1.98% 		-7.19%
-7.11% 		$0.02
0.14% 		0.16%

Premium/Discount History as of 03/27/23

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* (%)

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) -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

*Returns less than one year are not annualized.

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.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund 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. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/28/23

Daily Holdings
Total Holdings: 26
Holding 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
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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

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