MORT Fees and Costs — VanEck Mortgage REIT Income ETF
Data updated: 2026-08-26
The net expense ratio is 0.43%: a 0.40% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $91K in broker commissions, 0.0287% of average net assets, and portfolio turnover was 20%.
MORT Fees and Expenses
Annual operating expenses and sales charges of MORT. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MORT Costs Over Time
On $10,000 invested in MORT, assuming 5% a year before costs, total costs come to $290 over 5 years, cutting the return by 0.48% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $159 | $290 |
| Value after costs | $10,452 | $11,418 | $12,473 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
MORT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0287%
- Total broker commissions: $91K
- Bought from dealers (principal trades, not a cost): $151.9M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $87.1M
- Net income from securities lending: $308K (0.097% of average net assets)
MORT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $24K | 26.72% |
| Citigroup Global Markets Inc. | $19K | 21.25% |
| Morgan Stanley & Co. LLC | $16K | 17.34% |
| BofA Securities, Inc. | $13K | 14.66% |
| UBS Securities LLC | $8K | 9.30% |
| Jefferies LLC | $8K | 9.05% |
| Robert W. Baird & Co. Incorporated | $2K | 1.67% |
MORT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $151.9M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.