ETF Evaluator:
VanEck Mortgage REIT Income ETF (MORT)
Follow This ETF
(as of Jul 31)
Best Performing in Real Estate Over the Last Year
| 64.8% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 29.5% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 24.0% | ALPS REIT Dividend Dogs ETF (RDOG) |
| 21.6% | Janus Henderson US Real Estate ETF (JRE) |
| 21.5% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
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ETF Details
VanEck Mortgage REIT Income ETF Overview
VanEck Mortgage REIT Income ETF (MORT) is a passively managed Sector Equity Real Estate exchange-traded fund (ETF). VanEck launched the ETF in 2011.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® U.S. Mortgage REITs Index (the "Mortgage REITs Index").
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Mortgage REITs Index may include small-, medium- and large-capitalization companies. The fund is non-diversified.
About VanEck Mortgage REIT Income ETF (MORT)
There are 2 members of the management team with an average tenure of 8.86 years: Peter Liao (2011) and Griffin Driscoll (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MVIS US Mortgage REITs GR USD index with a weighting of 100%. VanEck Mortgage REIT Income ETF has 26 securities in its portfolio. The top 10 holdings constitute 71.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Mortgage REIT Income ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck Mortgage REIT Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.7% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Mortgage REIT Income ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $399 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MORT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Mortgage REIT Income ETF expense ratio is average compared to funds in the Real Estate category. VanEck Mortgage REIT Income ETF has an expense ratio of 0.43%, which is 13% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Mortgage REIT Income ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of June 2026, VanEck Mortgage REIT Income ETF returned 1.9%, which earned it a grade of C, as the Real Estate category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Mortgage REIT Income ETF has a trailing yield of 12.75%, which is above the 4.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Mortgage REIT Income ETF Grades
Year to date, the ETF has returned 2.1%, 11.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.3% over the past year (grade of D), 7.1% over the past three years (grade of F) and -1.5% per year over the past five years (grade of F) and 2.6% per year over the past 10 years (grade of F).
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MORT Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MORT Return (NAV) | 1.9% | 4.7% | 11.3% | 7.1% | -1.5% | 2.6% |
| MORT Return (Price) | 2.0% | 4.6% | 11.3% | 7.1% | -1.5% | 2.6% |
| NAV +/- Price Return | -0.100% | 0.098% | 0.002% | 0.034% | 0.023% | 0.002% |
| Real Estate Avg | 2.0% | 11.7% | 15.1% | 9.7% | 3.4% | 4.6% |
| MORT Grade (NAV) | C | F | D | F | F | F |
| +/- Category (NAV) | -0.1% | -7.0% | -3.8% | -2.6% | -4.9% | -2.0% |
| MORT Tax-Cost Ratio | na | na | 5.0% | 4.7% | 4.5% | 4.0% |
MORT Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MORT Return (NAV) | 2.1% | 12.3% | 0.2% | 15.0% | -26.9% | 16.0% | -22.2% | 21.6% | -4.5% | 18.5% | 22.6% |
| MORT Return (Price) | 2.2% | 12.1% | 0.3% | 14.9% | -26.9% | 15.9% | -22.0% | 21.3% | -4.5% | 18.9% | 21.9% |
| NAV +/- Price Ret | 0.049% | -0.018% | 0.460% | -0.008% | 0.001% | -0.005% | -0.010% | -1.3% | 0.2% | 1.8% | -3.3% |
| Real Estate Avg | 13.4% | 2.1% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| MORT Grade (NAV) | F | A | F | A | D | F | F | F | C | A | A |
| +/- Category | -11.3% | 10.3% | -4.9% | 3.2% | -1.4% | -21.6% | -14.0% | -5.3% | 0.0% | 10.4% | 12.5% |
| Risk Measures | |
| Beta: | 0.93 |
| R-Squared: | 46% |
| Standard Deviation: | 17.4% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.43 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 12.8% |
| Total Assets: | $ 400 Mil |
| Share Class Assets: | $ 400 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.43% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 14.9 years | |||
| Average Tenure: 8.9 years | |||
| Managers (Year): Liao Peter (2011), Driscoll Griffin (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 71.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | August 16, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.43% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
