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Daily Price as of 11/27/20

NAV DAILY CHANGE
$32.62 $0.07 / +0.2%

Class I Details: MWMIX

INCEPTION DATE GROSS/NET EXPENSES1
5.21%/0.59%

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 10/31/20

  • Net Assets (All Classes)
    $9.5M
  • Number of Holdings
    48
  • Avg. Wtd. Market Cap
    $47.9B
  • Turnover Rate (2019)
    107.1%
  • P/E (LTM) / P/E (Forward)*
    23.3 / 17.5
  • P/B (LTM)*
    2.7
  • 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 I
At Net Asset Value -2.77 -0.81 -3.50 2.64 -- -- -- 10.93
Morningstar® Wide Moat Focus IndexSM 2 -2.74 -0.68 -2.90 3.38 11.50 14.21 14.62 11.66
S&P 500 Index3 -2.66 0.37 2.77 9.71 10.42 11.71 13.01 10.25
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(11/06/17)
VanEck Morningstar Wide Moat Fund: Class I
At Net Asset Value -3.76 4.48 -0.76 9.91 -- -- -- 12.35
Morningstar® Wide Moat Focus IndexSM 2 -3.72 4.64 -0.17 10.73 12.68 16.61 14.75 13.10
S&P 500 Index3 -3.80 8.93 5.57 15.15 12.28 14.15 13.74 11.59

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Corteva Inc Materials 3.0
Compass Minerals International, Inc. Materials 3.0
Charles Schwab Corporation Financials 2.9
salesforce.com, inc. Information Technology 2.7
U.S. Bancorp Financials 2.7
Microchip Technology Incorporated Information Technology 2.7
Yum! Brands, Inc. Consumer Discretionary 2.6
Applied Materials, Inc. Information Technology 2.6
Pfizer Inc. Health Care 2.6
Berkshire Hathaway Inc. Class B Financials 2.6
Top 10 Total 27.4
Holdings Sector % of Net Assets
salesforce.com, inc. Information Technology 2.9
Compass Minerals International, Inc. Materials 2.8
Aspen Technology, Inc. Information Technology 2.8
Berkshire Hathaway Inc. Class B Financials 2.7
Pfizer Inc. Health Care 2.6
Bristol-Myers Squibb Company Health Care 2.6
Biogen Inc. Health Care 2.6
Applied Materials, Inc. Information Technology 2.6
Medtronic Plc Health Care 2.6
Corteva Inc Materials 2.6
Top 10 Total 26.8
These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 10/31/20

Sector % of Net Assets
Information Technology 21.3
Health Care 19.6
Financials 16.5
Industrials 10.6
Consumer Staples 10.6
Consumer Discretionary 8.2
Materials 6.0
Communication Services 3.5
Energy 2.5
Utilities 1.2
Cash 0.0