Daily Price as of 06/01/23
NAVā | DAILY CHANGE |
---|---|
$29.90 |
![]() |
Class Z Details: MWMZX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
11/06/17 | 1.28%/0.49% |
Fund Literature
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 04/30/23
-
Net Assets (All Classes)$17.5M
-
Number of Holdings49
-
Avg. Wtd. Market Cap$67.4B
-
Turnover Rate (2022)71.9%
-
P/E (LTM) / P/E (Forward)*25.6 / 19.9
-
P/B (LTM)*3.5
-
Benchmark IndexMorningstarĀ® 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.
Making the Investment Case
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
|
0.96 | 2.76 | 14.79 | 9.40 | 15.76 | 13.66 | -- | 13.43 |
MorningstarĀ® Wide Moat Focus IndexSM2
|
1.01 | 2.86 | 14.98 | 9.96 | 16.35 | 14.27 | 14.10 | 14.04 |
S&P 500 Index3
|
1.56 | 2.72 | 9.17 | 2.66 | 14.52 | 11.45 | 12.20 | 11.02 |
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 | 4.67 | 13.69 | 13.69 | 0.24 | 20.53 | 13.75 | -- |
13.45
|
MorningstarĀ® Wide Moat Focus IndexSM2 | 4.68 | 13.83 | 13.83 | 0.75 | 21.14 | 14.37 | 14.25 |
14.06
|
S&P 500 Index3 | 3.67 | 7.50 | 7.50 | -7.73 | 18.60 | 11.19 | 12.24 |
10.88
|
Top 10 Holdings (%)
HOLDINGS |
SECTOR
|
% OF NET ASSETS |
---|---|---|
Meta Platforms Inc. Class A |
Communication Services
|
3.8 |
Salesforce, Inc. |
Information Technology
|
3.0 |
Microsoft Corporation |
Information Technology
|
2.9 |
Medtronic Plc |
Health Care
|
2.7 |
Alphabet Inc. Class A |
Communication Services
|
2.7 |
Comcast Corporation Class A |
Communication Services
|
2.7 |
Amazon.com, Inc. | 2.7 | |
Tyler Technologies, Inc. |
Information Technology
|
2.7 |
TransUnion |
Industrials
|
2.6 |
Zimmer Biomet Holdings, Inc. |
Health Care
|
2.6 |
Top 10 Total | 28.4 |
These are not recommendations to buy or sell any security. Holdings may vary.
Sector Weightings (%)
as of 04/30/23
SECTOR | % OF NET ASSETS |
---|---|
Information Technology | 28.3 |
Industrials | 15.5 |
Health Care | 12.8 |
Financials | 12.1 |
Communication Services | 11.7 |
Consumer Discretionary | 9.8 |
Materials | 4.9 |
Consumer Staples | 3.6 |
Utilities | 1.1 |
Cash | 0.1 |