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MWMZX
VanEck Morningstar Wide Moat Fund - Class Z

Daily Price as of 03/27/23

NAV DAILY CHANGE
$27.95 $0.05 / +0.18%

Class Z Details: MWMZX

INCEPTION DATE GROSS/NET EXPENSES1
11/06/17 1.59%/0.49%
Click here to read the Recommended Insights - Moat Stocks Remain Ahead in Volatile Market
Click here to read the Recommended Insights - Moat Stocks Remain Ahead in Volatile Market

Fund Summary and Key Points

The VanEck Morningstar Wide Moat Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Wide Moat Focus IndexSM (MWMFTR), which is intended to track the overall performance of attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.

  • The Morningstar® Wide Moat Focus IndexSM contains at least 40 attractively priced U.S. companies with sustainable competitive advantages, or “moats”
  • Morningstar equity analysts use a rigorous proprietary process to determine if a company has an economic moat, which may allow them to earn above average returns on capital over a long period of time
  • Companies included in the Index are also determined to be trading at attractive prices relative to Morningstar’s estimate of fair value

Fund Details
as of 02/28/23

  • Net Assets (All Classes)
    $16.5M
  • Number of Holdings
    49
  • Avg. Wtd. Market Cap
    $59.1B
  • Turnover Rate (2022)
    71.9%
  • P/E (LTM) / P/E (Forward)*
    24.0 / 20.3
  • P/B (LTM)*
    3.8
  • Benchmark Index
    Morningstar® Wide Moat Focus (MWMFTR) IndexSM
*Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(11/06/17)
VanEck Morningstar Wide Moat Fund: Class Z
At Net Asset Value
-2.76 2.64 8.62 -2.70 13.39 11.91 -- 12.70
Morningstar® Wide Moat Focus IndexSM2
-2.72 2.78 8.74 -2.21 14.05 12.53 14.00 13.32
S&P 500 Index3
-2.44 -2.28 3.69 -7.69 12.15 9.82 12.25 10.31
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR
LIFE
(11/06/17)
VanEck Morningstar Wide Moat Fund: Class Z
At Net Asset Value -5.51 9.60 -13.52 -13.52 7.06 10.36 --
11.33
Morningstar® Wide Moat Focus IndexSM2 -5.47 9.78 -13.08 -13.08 7.68 10.95 13.39
11.93
S&P 500 Index3 -5.76 7.56 -18.11 -18.11 7.66 9.42 12.56
9.88

Top 10 Holdings (%)

HOLDINGS
SECTOR
% OF NET ASSETS
MercadoLibre, Inc.
Consumer Discretionary
3.1
Meta Platforms Inc. Class A
Communication Services
3.1
Boeing Company
Industrials
2.9
Salesforce, Inc.
Information Technology
2.7
Fortinet, Inc.
Information Technology
2.7
Teradyne, Inc.
Information Technology
2.7
Workday, Inc. Class A
Information Technology
2.7
Lam Research Corporation
Information Technology
2.6
Masco Corporation
Industrials
2.5
Comcast Corporation Class A
Communication Services
2.5
Top 10 Total 27.5

These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 02/28/23

SECTOR % OF NET ASSETS
Information Technology 33.6
Industrials 17.2
Financials 11.5
Health Care 10.8
Consumer Discretionary 10.1
Communication Services 10.0
Materials 4.4
Utilities 1.1
Consumer Staples 1.0
Cash 0.1