Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) shares |
Shareholder Report [Line Items] | |
Document Type | N-CSRS |
Amendment Flag | false |
Registrant Name | MUNDOVAL FUNDS |
Entity Central Index Key | 0001293530 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Mundoval Fund | |
Shareholder Report [Line Items] | |
Fund Name | Mundoval Fund |
Class Name | Mundoval Fund |
Trading Symbol | MUNDX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.mundoval.com/mundoval-fund 1-800-595-2877 |
Additional Information Phone Number | 1-800-595-2877 |
Additional Information Website | www.mundoval.com/mundoval-fund |
Expenses [Text Block] | What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a Percentage of a $10,000 Investment Mundoval Fund $77 1.48% |
Expenses Paid, Amount | $ 77 |
Expense Ratio, Percent | 1.48% |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance. The Mundoval Fund returned 2.17% in the second quarter versus 2.63% for the MSCI World Index during the same period. Since the inception date of the Fund on September 3, 2004, the average annualized rate of return for the Mundoval Fund has been 7.86% versus 8.36% for the MSCI World Index. Positive factors impacting investment performance for the Fund during the quarter included the Information Technology sector (Alphabet, Inc., Apple Inc. and Taiwan Semiconductor) and Healthcare sector (Novo Nordisk A/S). Negative factors impacting investment performance for the Fund during the quarter included the Financial Services sector (Mastercard.), Consumer Staples sector (The Estée Lauder Companies) and Consumer Discretionary sector (LVMH Louis Vuitton Moët Hennessy & Nike, Inc). During the quarter the Fund sold shares of Celanese Corporation and Roche Holding Ltd. and purchased new shares of Thermo Fisher Scientific Group Inc., UnitedHealth Group and Arthur J. Gallagher & Co., Inc. The geographic diversification of the Fund as of June 28, 2024 was 67.69% Domestic stocks, 27.12% International stocks and 5.19% cash equivalents. The Fund owned shares of common stock in 39 companies. |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good predictor of the Fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 Year 5 Years 10 Years Mundoval Fund 11.98% 11.03% 7.96% MSCI World Index 20.19% 11.78% 9.16% |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Net Assets | $ 27,484,605 |
Holdings Count | shares | 41 |
Advisory Fees Paid, Amount | $ 197,370 |
Investment Company, Portfolio Turnover | 3% |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets ($) $27,484,605 Number of Portfolio Holdings 41 Portfolio Turnover Rate (%) 3% Total Advisory Fees Paid ($) $197,370 |
Holdings [Text Block] | What did the Fund invest in? Top Ten Holdings (% of net assets) Mastercard Inc. Class A 11.24% Alphabet, Inc. Class C 8.01% Alphabet, Inc. Class A 7.95% Novo Nordisk A/S 7.79% Apple, Inc. 7.66% LVMH Moët Hennessey Louis Vuitton ADR 6.70% The TJX Companies, Inc. 4.81% Taiwan Semiconductor Manufacturing Company 4.74% Bank of America Corporation 3.62% The Hershey Company 3.01% Sectors (% of net assets) Sector % of Net Assets Information Technology 26.63% Communication Services 17.14% Consumer Discretionary 13.69% Healthcare 11.82% Consumer Staples 10.53% Financials 9.54% Net Cash* 5.19% Industrials 4.82% Materials 0.64% * Net Cash represents cash equivalents and liabilities in excess of other assets. Geographic Diversification (% of net assets) Geographic Region % of Net Assets Domestic 67.69% International 27.12% Net Cash* 5.19% |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) Mastercard Inc. Class A 11.24% Alphabet, Inc. Class C 8.01% Alphabet, Inc. Class A 7.95% Novo Nordisk A/S 7.79% Apple, Inc. 7.66% LVMH Moët Hennessey Louis Vuitton ADR 6.70% The TJX Companies, Inc. 4.81% Taiwan Semiconductor Manufacturing Company 4.74% Bank of America Corporation 3.62% The Hershey Company 3.01% |