VanEck Morningstar Wide Moat Fund Class I (MWMIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
33.88
+0.13 (0.39%)
Jul 3, 2025, 4:00 PM EDT
3.17%
Fund Assets 30.29M
Expense Ratio 0.59%
Min. Investment $1,000,000
Turnover 91.00%
Dividend (ttm) 3.35
Dividend Yield 10.05%
Dividend Growth 1,254.10%
Payout Frequency Annual
Ex-Dividend Date Dec 18, 2024
Previous Close 33.75
YTD Return 4.47%
1-Year Return 13.83%
5-Year Return 86.23%
52-Week Low 26.77
52-Week High 37.59
Beta (5Y) 1.03
Holdings 53
Inception Date Nov 6, 2017

About MWMIX

The VanEck Morningstar Wide Moat Fund Class I is a passively managed mutual fund that seeks to mirror the performance of the Morningstar Wide Moat Focus Index. This fund is designed to provide exposure to U.S. companies that Morningstar's equity research team identifies as possessing durable competitive advantages—referred to as “wide moats”—and that are trading at attractive valuations. The selection process emphasizes structural competitive strengths such as cost advantages, network effects, intangible assets, efficient scale, and high switching costs, which can help companies sustain above-average returns over time. The fund typically includes a diversified basket of these companies across sectors like industrials, technology, healthcare, and financial services. By tracking the index, the fund aims to capture the performance of these high-quality firms while maintaining a disciplined, rules-based approach. With a competitive expense ratio and a focus on large blend equities, the VanEck Morningstar Wide Moat Fund Class I serves as a targeted option for institutional investors seeking exposure to resilient U.S. businesses distinguished by their long-term economic moats and compelling valuations.

Fund Family VanEck
Category Large Blend
Stock Exchange NASDAQ
Ticker Symbol MWMIX
Share Class Class I
Index Index is not available on Lipper Database

Performance

MWMIX had a total return of 13.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.06%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
MWMZX Class Z 0.49%

Top 10 Holdings

28.28% of assets
Name Symbol Weight
The Boeing Company BA 3.23%
Corteva, Inc. CTVA 3.09%
Veeva Systems Inc. VEEV 3.06%
Huntington Ingalls Industries, Inc. HII 3.01%
Allegion plc ALLE 2.80%
Monolithic Power Systems, Inc. MPWR 2.79%
The Walt Disney Company DIS 2.71%
Microchip Technology Incorporated MCHP 2.65%
MarketAxess Holdings Inc. MKTX 2.54%
U.S. Bancorp USB 2.42%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Dec 18, 2024 $3.3541 Dec 18, 2024
Dec 20, 2023 $0.2477 Dec 20, 2023
Dec 21, 2022 $2.9758 Dec 21, 2022
Dec 22, 2021 $0.3788 Dec 22, 2021
Dec 22, 2020 $2.5226 Dec 22, 2020
Dec 23, 2019 $3.1574 Dec 23, 2019
Full Dividend History