MWMIX Fees and Costs — VanEck Morningstar Wide Moat Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.59%: a 0.45% management fee plus 1.43% other expenses, less a 1.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0327% of average net assets, and portfolio turnover was 85%.
MWMIX Fees and Expenses
Annual operating expenses and sales charges of MWMIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.43% |
| Gross expense ratio | 1.88% |
| Fee waiver | −1.29% |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MWMIX Costs Over Time
On $10,000 invested in MWMIX, assuming 5% a year before costs, total costs come to $392 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $392 |
| Value after costs | $10,435 | $11,361 | $12,370 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
MWMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0327%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $7.7M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $295K
- Net income from securities lending: $356 (0.001% of average net assets)
MWMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 47.91% |
| UBS Securities LLC | $3K | 31.62% |
| Robert W. Baird & Co. Incorporated | $2K | 16.80% |
| SG Americas Securities, LLC | $252 | 2.38% |
| National Financial Services LLC | $104 | 0.99% |
| Goldman Sachs & Co. LLC | $32 | 0.30% |
MWMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $7.7M | 100.00% |
VanEck Morningstar Wide Moat Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MWMZX | Class Z | 0.49% | none |
| MWMIX | Class I | 0.59% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.