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MWMZX
VanEck Morningstar Wide Moat Fund - Class Z

Daily Price as of 01/25/22

NAV DAILY CHANGE
$31.46 $-0.34 / -1.07%

Class Z Details: MWMZX

INCEPTION DATE GROSS/NET EXPENSES1
2.48%/0.49%
Why Invest?
Click here to read the Recommended Insights - Blog: Moat Stock Selection Drowns Out Factors
Click here to read the Recommended Insights - Blog: Moat Stock Selection Drowns Out Factors

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 12/31/21

  • Net Assets (All Classes)
    $18.3M
  • Number of Holdings
    46
  • Avg. Wtd. Market Cap
    $70.8B
  • Turnover Rate (2020)
    63.1%
  • P/E (LTM) / P/E (Forward)*
    22.4 / 18.7
  • P/B (LTM)*
    4.2
  • Benchmark Index
    Morningstar® Wide Moat Focus 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 4.80 4.94 24.15 24.15 24.20 -- -- 18.31
Morningstar® Wide Moat Focus IndexSM 2 4.85 5.11 24.81 24.81 24.90 19.08 17.54 18.96
S&P 500 Index3 4.48 11.03 28.71 28.71 26.07 18.47 16.55 17.94
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 4.80 4.94 24.15 24.15 24.20 -- -- 18.31
Morningstar® Wide Moat Focus IndexSM 2 4.85 5.11 24.81 24.81 24.90 19.08 17.54 18.96
S&P 500 Index3 4.48 11.03 28.71 28.71 26.07 18.47 16.55 17.94

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Constellation Brands, Inc. Class A Consumer Staples 2.8
Aspen Technology, Inc. Information Technology 2.7
Tyler Technologies, Inc. Information Technology 2.7
Berkshire Hathaway Inc. Class B Financials 2.6
Cheniere Energy, Inc. Energy 2.6
Microsoft Corporation Information Technology 2.6
Blackbaud, Inc. Information Technology 2.6
Dominion Energy Inc Utilities 2.6
Corteva Inc Materials 2.6
Merck & Co., Inc. Health Care 2.6
Top 10 Total 26.4
Holdings Sector % of Net Assets
Constellation Brands, Inc. Class A Consumer Staples 2.8
Aspen Technology, Inc. Information Technology 2.7
Tyler Technologies, Inc. Information Technology 2.7
Berkshire Hathaway Inc. Class B Financials 2.6
Cheniere Energy, Inc. Energy 2.6
Microsoft Corporation Information Technology 2.6
Blackbaud, Inc. Information Technology 2.6
Dominion Energy Inc Utilities 2.6
Corteva Inc Materials 2.6
Merck & Co., Inc. Health Care 2.6
Top 10 Total 26.4
These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 12/31/21

Sector % of Net Assets
Information Technology 25.5
Health Care 16.6
Industrials 15.2
Consumer Staples 14.1
Communication Services 7.4
Consumer Discretionary 6.1
Financials 5.1
Materials 4.8
Energy 2.6
Utilities 2.6
Cash 0.0