Fund
MWMIX
Price as of:
$32.99
+ $0.35
+ 1.07%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.2%
1 yr return
18.5%
3 Yr Avg Return
12.1%
5 Yr Avg Return
8.6%
Net Assets
$35 M
Holdings in Top 10
26.7%
52 WEEK LOW AND HIGH
$32.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 59.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MWMIX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 12.1%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.13%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck Morningstar Wide Moat Fund
-
Fund Family NameVANECKFUND
-
Inception DateNov 06, 2017
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Krenzer
Fund Description
div style="margin-bottom:6pt"span style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%"Under normal conditions, the Fund invests at least 80% of its net assets in securities that comprise the Index. The Index is comprised of securities issued by companies that Morningstar, Inc. (“Morningstar”) determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (“wide moat companies”). Wide moat companies are selected from the universe of companies represented in the Morningstar/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"®/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%" US Market Index/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"SM/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%", a broad market index representing 97% of U.S. market capitalization. The Index targets a select group of wide moat companies: those that according to Morningstar’s equity research team are attractively priced as of each Index review. Out of the companies in the Morningstar/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"®/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%" US Market Index/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"SM/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%" that Morningstar determines are wide moat companies, Morningstar selects companies to be included in the Index as determined by the ratio of Morningstar’s estimate of fair value of the issuer’s common stock to the price. Morningstar’s equity research fair value estimates are calculated using a standardized, proprietary valuation model. Wide moat companies may include medium-capitalization companies. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders. In seeking to achieve its investment objective, the Fund may also invest in VanEck Morningstar Wide Moat ETF (the “underlying fund”), an affiliated fund, which also seeks to replicate the price and yield performance of the Index, and such investment will count towards the Fund’s 80% investment policy. Additionally, the Fund may engage in active and frequent trading of its portfolio securities. A replication strategy is an indexing strategy that involves investing in the securities of the index in approximately the same proportions as the index./span/divdivspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:112%"As of December 31, 2025, the Index included 54 securities of companies with a market capitalization range of between approximately $6.74 billion to $4.55 trillion and a weighted average market capitalization of $293.54 billion. These amounts are subject to change. The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Index and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may become “non-diversified” as defined under the Investment Company Act of 1940, as amended (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Morningstar/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline"®/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:112%" Wide Moat Focus Index/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline"SM/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:112%" (the “Index”). This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of December 31, 2025, each of the consumer staples, health care, industrials and information technology sectors represented a significant portion of the Index. A more detailed description of the Index is contained in the “Description of the Morningstar/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline"®/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:112%" Wide Moat Focus Index/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline"SM/spanspan style="color:#323232;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:112%"” section of the Prospectus./span/div
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MWMIX - Performance
Return Ranking - Trailing
| Period | MWMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -13.2% | 43.7% | 95.51% |
| 1 Yr | 18.5% | -15.7% | 101.9% | 81.32% |
| 3 Yr | 12.1%* | 1.1% | 41.0% | 94.62% |
| 5 Yr | 8.6%* | -3.9% | 19.6% | 86.70% |
| 10 Yr | N/A* | 5.8% | 55.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MWMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 0.6% | -25.2% | 36.9% | 78.24% |
| 2024 | 0.3% | -51.6% | 37.0% | 91.10% |
| 2023 | 23.7% | -15.6% | 47.4% | 24.82% |
| 2022 | -22.0% | -56.3% | 1.1% | 57.44% |
| 2021 | 9.2% | -27.2% | 537.8% | 80.71% |
Total Return Ranking - Trailing
| Period | MWMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -13.2% | 43.7% | 95.51% |
| 1 Yr | 18.5% | -15.7% | 101.9% | 81.32% |
| 3 Yr | 12.1%* | 1.1% | 41.0% | 94.62% |
| 5 Yr | 8.6%* | -3.9% | 19.6% | 86.70% |
| 10 Yr | N/A* | 5.8% | 55.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MWMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 13.1% | -3.4% | 43.4% | 77.89% |
| 2024 | 10.6% | -20.1% | 44.5% | 95.42% |
| 2023 | 31.0% | 0.3% | 47.4% | 5.30% |
| 2022 | -13.2% | -31.9% | 11.0% | 16.12% |
| 2021 | 24.0% | 4.1% | 537.8% | 80.16% |
NAV & Total Return History
MWMIX - Holdings
Concentration Analysis
| MWMIX | Category Low | Category High | MWMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 35 M | 3.76 M | 2.2 T | 97.97% |
| Number of Holdings | 58 | 2 | 3885 | 72.69% |
| Net Assets in Top 10 | 9.01 M | 3.24 M | 639 B | 99.21% |
| Weighting of Top 10 | 26.74% | 2.5% | 102.7% | 93.01% |
Top 10 Holdings
- Bristol-Myers Squibb Co 2.90%
- Mondelez International Inc 2.74%
- Constellation Brands Inc 2.74%
- Kenvue Inc 2.66%
- Airbnb Inc 2.64%
- Zoetis Inc 2.62%
- Brown-Forman Corp 2.61%
- Zimmer Biomet Holdings Inc 2.61%
- Fortinet Inc 2.61%
- Clorox Co/The 2.61%
Asset Allocation
| Weighting | Return Low | Return High | MWMIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.07% | 0.00% | 105.13% | 2.64% |
| Preferred Stocks | 0.00% | 0.00% | 5.74% | 26.70% |
| Other | 0.00% | -13.91% | 100.00% | 43.88% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 22.02% |
| Cash | 0.00% | 0.00% | 69.97% | 97.62% |
| Bonds | 0.00% | 0.00% | 136.21% | 25.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MWMIX % Rank | |
|---|---|---|---|---|
| Technology | 22.48% | 0.00% | 48.94% | 65.59% |
| Healthcare | 17.36% | 0.00% | 52.29% | 15.18% |
| Consumer Defense | 14.91% | 0.00% | 47.71% | 2.52% |
| Industrials | 12.31% | 0.00% | 29.90% | 14.56% |
| Financial Services | 9.11% | 0.00% | 55.59% | 94.88% |
| Consumer Cyclical | 7.30% | 0.00% | 30.33% | 85.98% |
| Communication Services | 6.45% | 0.00% | 27.94% | 77.63% |
| Basic Materials | 5.29% | 0.00% | 19.45% | 8.72% |
| Energy | 1.88% | 0.00% | 41.64% | 78.35% |
| Utilities | 1.52% | 0.00% | 15.25% | 73.94% |
| Real Estate | 1.39% | 0.00% | 31.91% | 78.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MWMIX % Rank | |
|---|---|---|---|---|
| US | 100.07% | 0.00% | 101.31% | 1.85% |
| Non US | 0.00% | 0.00% | 70.69% | 36.92% |
MWMIX - Expenses
Operational Fees
| MWMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.88% | 0.01% | 4.93% | 4.88% |
| Management Fee | 0.45% | 0.00% | 1.89% | 43.63% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.53% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| MWMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MWMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MWMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 59.00% | 0.00% | 268.00% | 80.34% |
MWMIX - Distributions
Dividend Yield Analysis
| MWMIX | Category Low | Category High | MWMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.27% | 0.00% | 25.47% | 15.42% |
Dividend Distribution Analysis
| MWMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| MWMIX | Category Low | Category High | MWMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.13% | -54.00% | 2.44% | 25.65% |
Capital Gain Distribution Analysis
| MWMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2025 | $0.418 | OrdinaryDividend |
| Dec 18, 2025 | $1.953 | CapitalGainShortTerm |
| Dec 18, 2025 | $1.694 | CapitalGainLongTerm |
| Dec 18, 2024 | $0.449 | OrdinaryDividend |
| Dec 18, 2024 | $1.473 | CapitalGainShortTerm |
| Dec 18, 2024 | $1.433 | CapitalGainLongTerm |
| Dec 18, 2024 | $3.354 | OrdinaryDividend |
| Dec 20, 2023 | $0.248 | OrdinaryDividend |
| Dec 20, 2023 | $1.635 | CapitalGainShortTerm |
| Dec 21, 2022 | $2.976 | OrdinaryDividend |
| Dec 22, 2021 | $4.505 | OrdinaryDividend |
| Dec 22, 2020 | $2.523 | OrdinaryDividend |
| Dec 23, 2019 | $0.457 | OrdinaryDividend |
| Dec 23, 2019 | $1.066 | CapitalGainShortTerm |
| Dec 23, 2019 | $1.634 | CapitalGainLongTerm |
| Dec 21, 2018 | $1.789 | CapitalGainShortTerm |
| Dec 21, 2018 | $0.480 | OrdinaryDividend |
| Dec 21, 2017 | $0.068 | OrdinaryDividend |
MWMIX - Fund Manager Analysis
Managers
Gregory Krenzer
Start Date
Tenure
Tenure Rank
Nov 06, 2017
4.57
4.6%
Mr. Krenzer joined VanEck in 1994. He serves as Deputy Portfolio Manager for VanEck’s CM Commodity Index Strategy and Head of Active Equity Trading for VanEck’s Emerging Markets Equity Strategy, Global Hard Assets Strategy and Gold Strategies, specializing in trade construction and execution. Mr. Krenzer is also Deputy Portfolio Manager for VanEck Morningstar Wide Moat Fund. He has over 20 years of experience in investing in commodities, natural resource equities, and global fixed income. Mr. Krenzer is a CFA Charterholder and a member of the CFA Society New York. He earned a BS in Finance with a minor in Economics (Beta Gamma Sigma) from Syracuse University.
Peter Liao
Start Date
Tenure
Tenure Rank
Nov 06, 2017
4.57
4.6%
Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.35 | 2.25 |