VanEck Morningstar Wide Moat Fund Class Z (MWMZX)
| Fund Assets | 31.58M |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 91.00% |
| Dividend (ttm) | 3.34 |
| Dividend Yield | 9.81% |
| Dividend Growth | 920.11% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 33.81 |
| YTD Return | 6.72% |
| 1-Year Return | 12.95% |
| 5-Year Return | 85.79% |
| 52-Week Low | 26.30 |
| 52-Week High | 36.96 |
| Beta (5Y) | n/a |
| Holdings | 56 |
| Inception Date | Nov 6, 2017 |
About MWMZX
The VanEck Morningstar Wide Moat Fund - Class Z is a passively managed mutual fund focused on U.S. equities. Its primary objective is to track the performance of the Morningstar Wide Moat Focus Index, which comprises companies identified by Morningstar as having sustainable competitive advantages—referred to as “wide moats.” The fund’s strategy emphasizes both the strength of company moats and attractive valuations, targeting firms trading below Morningstar’s estimate of their fair value. Its portfolio typically consists of a diversified mix of U.S. large- and mid-cap stocks, spanning sectors such as industrials, consumer defensive, financial services, healthcare, and technology. The fund draws on Morningstar’s rigorous, research-driven process, leveraging insights from a global team of analysts. As a result, it provides investors with exposure to a curated selection of U.S. companies that are positioned to defend against competitive pressures—aiming for stability and long-term growth potential within the broader equity market.
Performance
MWMZX had a total return of 12.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.23%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MWMIX | Class I | 0.59% |
Top 10 Holdings
26.50% of assets| Name | Symbol | Weight |
|---|---|---|
| The Estée Lauder Companies Inc. | EL | 2.83% |
| The Walt Disney Company | DIS | 2.75% |
| Huntington Ingalls Industries, Inc. | HII | 2.75% |
| Applied Materials, Inc. | AMAT | 2.72% |
| Monolithic Power Systems, Inc. | MPWR | 2.68% |
| The Boeing Company | BA | 2.66% |
| Allegion plc | ALLE | 2.61% |
| NIKE, Inc. | NKE | 2.54% |
| U.S. Bancorp | USB | 2.49% |
| MarketAxess Holdings Inc. | MKTX | 2.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $3.3429 | Dec 18, 2024 |
| Dec 20, 2023 | $0.3277 | Dec 20, 2023 |
| Dec 21, 2022 | $2.9952 | Dec 21, 2022 |
| Dec 22, 2021 | $0.409 | Dec 22, 2021 |
| Dec 22, 2020 | $2.5173 | Dec 22, 2020 |
| Dec 23, 2019 | $3.595 | Dec 23, 2019 |