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MWMIX
VanEck Morningstar Wide Moat Fund - Class I

Daily Price as of 02/26/21

NAV DAILY CHANGE
$32.37 $-0.47 / -1.4%

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 01/31/21

  • Net Assets (All Classes)
    $13.0M
  • Number of Holdings
    49
  • Avg. Wtd. Market Cap
    $60.8B
  • Turnover Rate (2020)
    63.1%
  • P/E (LTM) / P/E (Forward)*
    22.2 / 17.4
  • P/B (LTM)*
    2.8
  • 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 -0.59 17.62 -0.59 15.21 12.48 -- -- 15.70
Morningstar® Wide Moat Focus IndexSM 2 -0.58 17.84 -0.58 16.07 13.21 19.67 15.08 16.47
S&P 500 Index3 -1.01 14.05 -1.01 17.25 11.70 16.16 13.50 13.95
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 2.91 15.04 14.18 14.18 14.95 -- -- 16.38
Morningstar® Wide Moat Focus IndexSM 2 3.06 15.28 15.09 15.09 15.72 18.61 15.70 17.16
S&P 500 Index3 3.84 12.15 18.40 18.40 14.18 15.22 13.88 14.72

Top 10 Holdings (%)

Holdings Sector % of Net Assets
John Wiley & Sons, Inc. Class A Communication Services 3.1
Charles Schwab Corporation Financials 3.0
Corteva Inc Materials 2.9
Cheniere Energy, Inc. Energy 2.7
Wells Fargo & Company Financials 2.7
Blackbaud, Inc. Information Technology 2.7
Intel Corporation Information Technology 2.7
Bank of America Corp Financials 2.6
Biogen Inc. Health Care 2.6
Constellation Brands, Inc. Class A Consumer Staples 2.6
Top 10 Total 27.6
Holdings Sector % of Net Assets
John Wiley & Sons, Inc. Class A Communication Services 3.0
Charles Schwab Corporation Financials 3.0
Corteva Inc Materials 2.8
U.S. Bancorp Financials 2.7
Wells Fargo & Company Financials 2.7
Constellation Brands, Inc. Class A Consumer Staples 2.6
Bank of America Corp Financials 2.6
Boeing Company Industrials 2.6
Yum! Brands, Inc. Consumer Discretionary 2.6
Cheniere Energy, Inc. Energy 2.5
Top 10 Total 27.1
These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 01/31/21

Sector % of Net Assets
Health Care 19.5
Information Technology 18.8
Financials 17.3
Industrials 11.8
Consumer Staples 10.6
Consumer Discretionary 7.4
Communication Services 5.6
Materials 5.3
Energy 2.7
Utilities 1.2
Cash -0.2