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MWMIX
VanEck Morningstar Wide Moat Fund - Class I

Daily Price as of 03/05/21

NAV DAILY CHANGE
$33.02 $0.63 / +2.0%

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 02/28/21

  • Net Assets (All Classes)
    $13.9M
  • Number of Holdings
    49
  • Avg. Wtd. Market Cap
    $64.4B
  • Turnover Rate (2020)
    63.1%
  • P/E (LTM) / P/E (Forward)*
    24.5 / 17.7
  • P/B (LTM)*
    3.0
  • 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 6.06 8.50 5.44 31.69 16.52 -- -- 17.38
Morningstar® Wide Moat Focus IndexSM 2 6.11 8.73 5.50 32.69 17.29 19.87 15.41 18.15
S&P 500 Index3 2.76 5.63 1.72 31.29 14.14 16.82 13.43 14.54
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 3.4
Charles Schwab Corporation Financials 3.4
Wells Fargo & Company Financials 3.1
Corteva Inc Materials 3.1
Bank of America Corp Financials 2.9
U.S. Bancorp Financials 2.8
Intel Corporation Information Technology 2.8
Cheniere Energy, Inc. Energy 2.7
Aspen Technology, Inc. Information Technology 2.7
Blackbaud, Inc. Information Technology 2.6
Top 10 Total 29.5
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 02/28/21

Sector % of Net Assets
Information Technology 19.0
Financials 18.6
Health Care 18.0
Industrials 11.9
Consumer Staples 10.2
Consumer Discretionary 7.0
Communication Services 5.9
Materials 5.5
Energy 2.7
Utilities 1.1
Cash 0.1