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Trending ETFs

VanEck Morningstar Wide Moat Fund

mutual fund
MWMIX
Payout Change
Pending
Price as of:
$37.39 -0.01 -0.03%
primary theme
U.S. Large-Cap Blend Equity
share class
I (MWMIX) Z (MWMZX)
MWMIX (Mutual Fund)

VanEck Morningstar Wide Moat Fund

Payout Change
Pending
Price as of:
$37.39 -0.01 -0.03%
primary theme
U.S. Large-Cap Blend Equity
share class
I (MWMIX) Z (MWMZX)
MWMIX (Mutual Fund)

VanEck Morningstar Wide Moat Fund

Payout Change
Pending
Price as of:
$37.39 -0.01 -0.03%
primary theme
U.S. Large-Cap Blend Equity
share class
I (MWMIX) Z (MWMZX)

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Morningstar Wide Moat Fund

MWMIX | Fund

$37.39

$24.2 M

0.66%

$0.25

1.96%

Vitals

YTD Return

15.6%

1 yr return

20.8%

3 Yr Avg Return

10.3%

5 Yr Avg Return

13.4%

Net Assets

$24.2 M

Holdings in Top 10

26.4%

52 WEEK LOW AND HIGH

$37.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Morningstar Wide Moat Fund

MWMIX | Fund

$37.39

$24.2 M

0.66%

$0.25

1.96%

MWMIX - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    VanEck Morningstar Wide Moat Fund
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Nov 06, 2017
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Krenzer

Fund Description

Under normal conditions, the Fund invests at least 80% of its net assets in securities that comprise the Index. The Index is comprised of securities issued by companies that Morningstar, Inc. (“Morningstar”) determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (“wide moat companies”). Wide moat companies are selected from the universe of companies represented in the Morningstar® US Market IndexSM, a broad market index representing 97% of U.S. market capitalization. The Index targets a select group of wide moat companies: those that according to Morningstar’s equity research team are attractively priced as of each Index review. Out of the companies in the Morningstar® US Market IndexSM that Morningstar determines are wide moat companies, Morningstar selects companies to be included in the Index as determined by the ratio of Morningstar’s estimate of fair value of the issuer’s common stock to the price. Morningstar’s equity research fair value estimates are calculated using a standardized, proprietary valuation model. Wide moat companies may include medium-capitalization companies. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders. In seeking to achieve its investment objective, the Fund may also invest in VanEck Morningstar Wide Moat ETF (the “underlying fund”), an affiliated fund, which also seeks to replicate the price and yield performance of the Index, and such investment will count towards the Fund’s 80% investment policy. Additionally, the Fund may engage in active and frequent trading of its portfolio securities. A replication strategy is an indexing strategy that involves investing in the securities of the index in approximately the same proportions as the index.
As of December 31, 2023, the Index included 49 securities of companies with a market capitalization range of between approximately $9.71 billion to $2.79 billion and a weighted average market capitalization of $154.18 billion. These amounts are subject to change. The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Index and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may become “non-diversified” as defined under the Investment Company Act of 1940, as amended (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Morningstar® Wide Moat Focus IndexSM (the “Index”). This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of December 31, 2023, each of the financials, health care, industrials and information technology sectors represented a significant portion of the Index. A more detailed description of the Index is contained in the “Description of the Morningstar® Wide Moat Focus IndexSM” section of this Prospectus.
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MWMIX - Performance

Return Ranking - Trailing

Period MWMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% 4.3% 46.2% 93.65%
1 Yr 20.8% 5.8% 61.3% 89.03%
3 Yr 10.3%* -11.0% 19.2% 23.92%
5 Yr 13.4%* -7.6% 110.6% 59.88%
10 Yr N/A* -0.1% 52.9% N/A

* Annualized

Return Ranking - Calendar

Period MWMIX Return Category Return Low Category Return High Rank in Category (%)
2023 23.7% -42.6% 47.4% 23.33%
2022 -22.0% -56.3% -4.2% 58.70%
2021 9.2% -27.2% 537.8% 80.96%
2020 5.4% -22.5% 2181.7% 82.00%
2019 21.7% -13.5% 40.4% 60.83%

Total Return Ranking - Trailing

Period MWMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% 4.3% 46.2% 93.65%
1 Yr 20.8% 5.8% 61.3% 89.03%
3 Yr 10.3%* -11.0% 19.2% 23.92%
5 Yr 13.4%* -7.6% 110.6% 59.88%
10 Yr N/A* -0.1% 52.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MWMIX Return Category Return Low Category Return High Rank in Category (%)
2023 31.0% -5.0% 47.4% 5.13%
2022 -13.2% -36.8% -2.2% 17.57%
2021 24.0% 3.0% 537.8% 79.36%
2020 14.2% -15.8% 2266.0% 67.69%
2019 34.8% -0.4% 241.3% 4.33%

NAV & Total Return History

MWMIX - Holdings

Concentration Analysis

MWMIX Category Low Category High MWMIX % Rank
Net Assets 24.2 M 2.34 M 1.55 T 97.53%
Number of Holdings 54 2 3963 74.86%
Net Assets in Top 10 8.82 M 880 K 525 B 97.94%
Weighting of Top 10 26.44% 0.3% 111.6% 91.80%

Top 10 Holdings

  1. TransUnion 2.83%
  2. Gilead Sciences Inc 2.70%
  3. Bristol-Myers Squibb Co 2.65%
  4. Autodesk Inc 2.64%
  5. MarketAxess Holdings Inc 2.63%
  6. Kenvue Inc 2.63%
  7. Allegion plc 2.61%
  8. Bio-Rad Laboratories Inc 2.59%
  9. Salesforce Inc 2.59%
  10. Brown-Forman Corp 2.57%

Asset Allocation

Weighting Return Low Return High MWMIX % Rank
Stocks 		100.38% 0.00% 105.79% 0.91%
Preferred Stocks 		0.00% 0.00% 2.03% 27.62%
Other 		0.00% -13.91% 100.00% 51.20%
Convertible Bonds 		0.00% 0.00% 5.54% 23.49%
Cash 		0.00% 0.00% 99.07% 95.80%
Bonds 		0.00% 0.00% 93.85% 29.27%

Stock Sector Breakdown

Weighting Return Low Return High MWMIX % Rank
Technology 		22.48% 0.00% 48.94% 64.40%
Healthcare 		17.36% 0.00% 52.29% 15.11%
Consumer Defense 		14.91% 0.00% 47.71% 2.43%
Industrials 		12.31% 0.00% 29.90% 16.04%
Financial Services 		9.11% 0.00% 55.59% 94.96%
Consumer Cyclical 		7.30% 0.00% 30.33% 85.39%
Communication Services 		6.45% 0.00% 27.94% 75.06%
Basic Materials 		5.29% 0.00% 25.70% 10.24%
Energy 		1.88% 0.00% 41.64% 76.91%
Utilities 		1.52% 0.00% 20.91% 73.89%
Real Estate 		1.39% 0.00% 31.91% 78.76%

Stock Geographic Breakdown

Weighting Return Low Return High MWMIX % Rank
US 		100.38% 0.00% 105.79% 0.82%
Non US 		0.00% 0.00% 63.83% 36.77%

MWMIX - Expenses

Operational Fees

MWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.96% 0.01% 19.75% 4.98%
Management Fee 0.45% 0.00% 1.90% 42.09%
12b-1 Fee 0.00% 0.00% 1.00% 5.70%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

MWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 0.00% 268.00% 80.04%

MWMIX - Distributions

Dividend Yield Analysis

MWMIX Category Low Category High MWMIX % Rank
Dividend Yield 0.66% 0.00% 25.47% 15.12%

Dividend Distribution Analysis

MWMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MWMIX Category Low Category High MWMIX % Rank
Net Income Ratio 1.13% -54.00% 2.44% 24.94%

Capital Gain Distribution Analysis

MWMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MWMIX - Fund Manager Analysis

Managers

Gregory Krenzer

Start Date

Tenure

Tenure Rank

Nov 06, 2017

4.57

4.6%

Mr. Krenzer joined VanEck in 1994. He serves as Deputy Portfolio Manager for VanEck’s CM Commodity Index Strategy and Head of Active Equity Trading for VanEck’s Emerging Markets Equity Strategy, Global Hard Assets Strategy and Gold Strategies, specializing in trade construction and execution. Mr. Krenzer is also Deputy Portfolio Manager for VanEck Morningstar Wide Moat Fund. He has over 20 years of experience in investing in commodities, natural resource equities, and global fixed income. Mr. Krenzer is a CFA Charterholder and a member of the CFA Society New York. He earned a BS in Finance with a minor in Economics (Beta Gamma Sigma) from Syracuse University.

Peter Liao

Start Date

Tenure

Tenure Rank

Nov 06, 2017

4.57

4.6%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.27 2.42

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