VanEck Morningstar Wide Moat Fund (MWMIX)
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").
Fund Info
| ISIN | US92107P7078 |
|---|---|
| Issuer | VanEck |
| Inception Date | Nov 6, 2017 |
| Category | Large Cap Blend Equities |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
MWMIX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MWMIX vs. IWFQ.L, MWMIX vs. IWY, MWMIX vs. ^GSPC, MWMIX vs. MOAT, MWMIX vs. SXR7.DE, MWMIX vs. SPY, MWMIX vs. XDEQ.L, MWMIX vs. XLK, MWMIX vs. CALF, MWMIX vs. SMH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Morningstar Wide Moat Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
VanEck Morningstar Wide Moat Fund had a return of 11.72% year-to-date (YTD) and 26.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.72% | 20.10% |
| 1 month | -1.18% | -0.39% |
| 6 months | 10.02% | 11.72% |
| 1 year | 26.82% | 31.44% |
| 5 years (annualized) | 13.52% | 13.30% |
| 10 years (annualized) | N/A | 10.96% |
Monthly Returns
The table below presents the monthly returns of MWMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.82% | 4.19% | 3.57% | -4.99% | 0.40% | 1.01% | 5.39% | 4.31% | 1.74% | -2.82% | 11.72% | ||
| 2023 | 11.72% | -2.75% | 4.63% | 0.95% | 0.37% | 6.57% | 4.32% | -3.63% | -5.45% | -4.71% | 9.85% | 7.69% | 31.53% |
| 2022 | -2.33% | -1.16% | 1.61% | -7.51% | -0.07% | -7.50% | 9.75% | -4.93% | -9.89% | 6.70% | 8.69% | -5.35% | -13.46% |
| 2021 | -0.59% | 6.06% | 5.87% | 4.26% | 1.48% | 1.10% | 1.94% | 1.36% | -4.20% | 3.64% | -3.38% | 4.85% | 24.12% |
| 2020 | -1.48% | -7.21% | -12.84% | 13.92% | 4.31% | 0.33% | 2.42% | 6.00% | -3.76% | -2.77% | 14.98% | 2.88% | 14.15% |
| 2019 | 9.36% | 3.63% | -0.07% | 4.57% | -7.97% | 7.13% | 2.90% | -2.33% | 3.74% | 4.12% | 4.22% | 2.10% | 34.85% |
| 2018 | 6.12% | -4.60% | -3.52% | 1.38% | 1.21% | 2.32% | 4.06% | 1.90% | 1.17% | -5.80% | 4.78% | -9.29% | -1.49% |
| 2017 | 4.49% | 1.59% | 6.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MWMIX is 64, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Morningstar Wide Moat Fund provided a 5.21% dividend yield over the last twelve months, with an annual payout of $1.88 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.88 | $1.88 | $2.98 | $4.51 | $2.52 | $3.16 | $2.27 | $0.07 |
Dividend yield | 5.21% | 5.82% | 11.44% | 13.44% | 8.22% | 10.84% | 9.48% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Morningstar Wide Moat Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.88 | $1.88 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $2.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.51 | $4.51 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $2.52 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.16 | $3.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.27 | $2.27 |
| 2017 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Morningstar Wide Moat Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Morningstar Wide Moat Fund was 33.03%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current VanEck Morningstar Wide Moat Fund drawdown is 2.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.03% | Feb 18, 2020 | 25 | Mar 23, 2020 | 111 | Aug 28, 2020 | 136 |
| -23.9% | Nov 8, 2021 | 236 | Oct 14, 2022 | 158 | Jun 2, 2023 | 394 |
| -16.3% | Sep 24, 2018 | 64 | Dec 24, 2018 | 36 | Feb 15, 2019 | 100 |
| -15.01% | Aug 1, 2023 | 63 | Oct 27, 2023 | 32 | Dec 13, 2023 | 95 |
| -11.95% | Jan 29, 2018 | 44 | Apr 2, 2018 | 103 | Aug 27, 2018 | 147 |
Volatility
Volatility Chart
The current VanEck Morningstar Wide Moat Fund volatility is 2.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.