VanEck Morningstar Wide Moat Z (MWMZX)

Fund Assets	35.78M
Expense Ratio	0.49%
Min. Investment	$1,000,000
Turnover	85.00%
Dividend (ttm)	0.45
Dividend Yield	1.30%
Dividend Growth	1.78%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	33.67
YTD Return	5.38%
1-Year Return	11.41%
5-Year Return	45.47%
52-Week Low	29.09
52-Week High	36.54
Beta (5Y)	1.04
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.

• Fund Family: VanEck
• Category: Large Blend
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MWMZX
• Share Class: Class Z
• Index: Index is not available on Lipper Database

Performance

MWMZX had a total return of 11.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.86%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FZROX	Fidelity	Fidelity ZERO Total Market Index Fund	n/a

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

27.23% of assets

Name	Symbol	Weight
Veeva Systems Inc.	VEEV	3.53%
Airbnb, Inc.	ABNB	2.98%
LPL Financial Holdings Inc.	LPLA	2.75%
Microsoft Corporation	MSFT	2.72%
The Charles Schwab Corporation	SCHW	2.65%
Bristol-Myers Squibb Company	BMY	2.56%
Palo Alto Networks, Inc.	PANW	2.56%
The Estée Lauder Companies Inc.	EL	2.52%
Tyler Technologies, Inc.	TYL	2.49%
NVIDIA Corporation	NVDA	2.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$4.0924	Dec 18, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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