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