stocks selected based on the Economic Moat investment philosophy with a portfolio of four Barclays US Treasury Futures indices. Apr 25, 2022 · The Morningstar ® Wide Moat Focus Index SM was created and is maintained by Morningstar, Inc. 28, 2021. It also outpaced the S&P 500 by nearly 200 basis points. Effective June 17, Morningstar will make changes to the methodology of both indexes Assigning Stocks to the Index Morningstar Sector Moat Focus Indexconsists of two subportfolios N companies each - N for each index is provided in the appendix. The following table presents holdings data for all ETFs tracking the Morningstar Wide Moat Focus Index. Another quarter, another tweak to the Morningstar Wide Moat Focus Determining the Wide Moat Focus Index: The Wide Moat Focus Index is comprised of 20 eligible companies in the Morningstar Wide Moat universe with the highest ratios of fair value to stock price. It differs by focusing on sustainable competitive advantages and undervalued stocks. Three technology companies--KLA Corporation KLAC, Lam Research LRCX, and Microchip Technology MCHP--were added to the index. Wide Moat US equity strategy. The Morningstar Wide Moat Focus Index has underperformed the broader U. View All Overviews Jan 19, 2017 · Peformance Attribution. Morningstar, Inc. , called the Morningstar® Wide Moat Focus IndexSM. Mar 28, 2018 · The Morningstar Wide Moat Focus Index made room for some undervalued consumer defensive stocks in March. The “Equity Component” of the Index is a rules based stock index published by Morningstar, Inc. ” Apr 10, 2020 · What to Know About Companies in the Morningstar Wide Moat Focus Index To be considered for inclusion in the Morningstar Wide Moat Focus Index, a company must have a Morningstar Economic Moat Comprehensive information about the Morningstar Wide Moat Focus index. market with wide moats, regardless of their valuations—gained 30. Morningstar® US Small-Mid Cap Moat Focus Index SM Learn more Explore Morningstar Indexes’ full range of solutions Contact us indexes@morningstar. The S&P 500 Index, widely owned by investors of all types by way of index funds, was also reconstituted The index consists of two sub-portfolios, each with a target constituent count of 75. 73%. S. firms with wide economic moats trading at attractive valuations. The Morningstar Wide Moat Focus Barclays VC 7% Index ER (the Index), together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and, together with any component indices and index data, is licensed for use by Security Benefit Life Insurance Company (Security Benefit) as the issuer or producer of the Morningstar analysts. Securities In This Article. Apr 24, 2019 · So far, so good this year for the Morningstar Wide-Moat Focus Index: It’s up nearly 17% for the year to date as of this writing, which is about on par with the broader market’s gains. companies Morningstar Feb 23, 2022 · Dziubinski: Now, Morningstar's stock analysts spend a lot of time talking about economic moats. View All Reconstitution Summary Reports Dec 13, 2022 · Each quarter, we profile the cheapest stocks in the Morningstar Wide Moat Focus Index. Wide-Moat Focus Index. com View this in Japanese Fund Description. Several headwinds have influenced this short-term underperformance, not We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. Jan 18, 2023 · The Morningstar Wide Moat Focus Index was first launched in 2007. Effective Date: 06/24/24. MHOT Morningstar Wide Moat (AUD costs which track the performance of the Index. May 31, 2024 · MOAT – VanEck Morningstar Wide Moat ETF – Check MOAT price, review total assets, see historical growth, and review the analyst rating from Morningstar. The Morningstar No Moat Index, meanwhile, returns 12% for the same period. The Morningstar Wide Moat Focus Index posted average annual returns of 22. r Apply buffer rule for the r r rr ® r F r w alue 1 atio. Futures holdings selected by Barclays and the Morningstar Wide Moat Focus Index SM (Wide Moat Focus Index) in its entirety. The . The index uses Morningstar Economic Moat Rating and valuation to select high-quality stocks with sustainable competitive advantage. The stocks within each sub-portfolio are equally weighted, subject to sector constraints. May 31, 2024 · MOAT Portfolio - Learn more about the VanEck Morningstar Wide Moat ETF investment portfolio including asset allocation, stock style, stock holdings and more. For more detailed holdings data for an ETF click the ‘View’ link in the right column. The index is composed of the most undervalued (trading at the lowest current market price/fair value Harnessing the power of Morningstar's equity research and leading-edge Sustainalytics ESG data, Morningstar® Sustainability Moat Focus Indexes SM deliver portfolios of stocks with durable competitive advantages, attractive valuations, and reduced exposure to ESG risk. Favorable performance is nothing new for US wide moat stocks. 6%, trailing the S&P 500 by 19 basis points. 1% The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus index. Dec 27, 2023 · Pretty well: the Morningstar Wide Moat Focus Index outperformed the broad-based Morningstar US Market Index for the year to date by nearly six full percentage points as of December 15, 2023. Jun 12, 2024 · The Morningstar Wide Moat Focus Index ("Moat Index") ended May, trailing the S&P 500 Index by nearly 9% thus far in 2024. Jul 20, 2018 · Andrew Lane: Within the Morningstar equity research department, we keep a close eye on the performance of the Wide Moat Focus Index, a collection of the cheapest U. 74% last year. Benchmark: Morningstar US Market Index. wide-moat-rated stocks under Dec 29, 2023 · Pretty well: the Morningstar Wide Moat Focus Index outperformed the broad-based Morningstar US Market Index for the year to date by nearly six full percentage points as of December 15, 2023. Apr 25, 2019 · In the first quarter of 2019, the Wide Moat Focus Index generated a 13. These Wide-Moat companies are trading at the lowest current market price/fair value ratios. 12% annually from 2007 to 2017 and why it pays to be selective. Feb 23, 2024 · Morningstar Wide Moat Focus Target Volatility Index Family Rulebook | Document hosted on the Morningstar Indexes library Jun 18, 2012 · Given that the Wide Moat Focus portfolios have generally owned larger, well-known companies that are well-followed by scores--if not hundreds--of analysts and portfolio managers around the world, it seems reasonable to examine possible sources for Morningstar's "edge. The Wide Moat Focus index focuses on a select group of wide-moat firms: those that Morningstar analysts feel are the most attractively priced at any given time. Market Index gained just over 280%. Sep 7, 2023 · Andrew Lane, Director of Equity Research, Index Strategies at Morningstar: “While being underweight the ‘Magnificent Seven’ has weighed on relative performance for the Morningstar Wide Moat Focus Index, we’re pleased to see that a disciplined focus on finding companies with durable competitive advantages, or ‘wide economic moats’ and attractive valuation has more than overcome this Jul 15, 2017 · The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Wide Moat Focus IndexSM. This outpaced the US Market Index, which Dec 26, 2023 · The Morningstar Wide Moat Focus Index underwent its quarterly review on December 15, 2023. Over the past 10 years, the Morningstar Wide Moat Focus Index has gained 338%, while the U. Feb 23, 2024 · 4 | Morningstar Wide Moat Focus Barclays VC 7% Index What is the Morningstar Wide Moat Focus Barclays VC 7% Index? The Morningstar Wide Moat Barclays VC Index creates a diversified portfolio by combining U. The Morningstar Wide Moat Focus Index has delivered more than 300 basis points of annual excess We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. Apr 26, 2023 · At the Morningstar Investment Conference Tuesday, April 26, Morningstar’s director of equity research for index strategies Andrew Lane took a tour through Morningstar’s process of determining economic moats and highlighted stocks from the Morningstar Wide Moat Focus Index. 85% return compared to the market’s 7. (Morningstar) has no relationship to Barclays, other than to license Barclays the right to use the Wide Moat Focus Index in the Index. (Premium members can see. The Wide Moat Focus Index was equally weighted at inception, and is reconstituted and rebalanced quarterly so that each component stock represents 5% Morningstar US SMID Moat Focus Index Overview. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. (NASDAQ: MORN), a leading provider of independent investment research, is making methodology changes designed to reduce portfolio turnover and increase capacity of the flagship Morningstar® Wide Moat Focus Index and Morningstar® Global ex-US Moat Focus Index™. Executive SummaryMorningstar The Morningstar Wide Moat Focus Index is an equal-weighted portfolio that holds U. Over the fourth quarter of 2016, the Wide Moat Focus Index returned 3. 7%, beating its benchmark, the Morningstar US Market Index, by 175 basis points. This has stemmed from a variety of headwinds, including its equal-weighting scheme, detrimental factor exposures, an adverse style bias towards value, unfavorable sector positioning, and not owning Nvidia. 5%, ahead of the wide moat composite index, which gained 238. The index lost just 0. Additions. derive their constituents from the Morningstar Global Markets Index, which represents 97% of the investable global equity market. The moat focus index approach traced its origins to the world of active management. 9%. 4% total return but modestly underperformed its benchmark, the Morningstar US Market Index, by 67 basis points. Susan Dziubinski Sep 25, 2023. Jan 10, 2018 · During 2017, the Wide Moat Focus Index returned 23. 1 Fair Value Estimates Morningstar equity analysts use a proprietary discounted cash-flow model to develop Amid challenging market conditions in the second quarter, the Morningstar Wide Moat Focus Index held up better than its benchmark, the Morningstar US Market Index. licenses indexes to financial institutions as the tracking indexes for May 21, 2024 · The Wide Moat Focus Index, based on Morningstar's rating, has outperformed the S&P 500 and has a better return/risk ratio. VanEck Morningstar Wide Moat Growth ETF (MGRO) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar ® US Broad Growth Wide Moat Focus Index SM (MSUBGFGU), which is intended to track the overall performance of attractively priced growth-oriented companies with sustainable competitive advantages according to Feb 15, 2024 · Over the past year, wide-moat stocks have performed very well. By Dan Lefkovitz The VanEck Morningstar Wide Moat Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar ® Wide Moat Focus Index SM (MWMFTR), which is intended to track the overall performance of attractively priced companies with sustainable competitive advantages according to Morningstar's Dec 28, 2023 · Pretty well: the Morningstar Wide Moat Focus Index outperformed the broad-based Morningstar US Market Index for the year to date by nearly six full percentage points as of December 15, 2023. Morningstar Wide Moat Focus Index Rulebook. wide moat-rated stocks, soundly outperformed its equal-weighted counterpart (as seen in the two middle blue bars below). 8%, 14. Learn how the index performed in 2021 and how it has fared over 15 years. Sep 28, 2021 · The Morningstar Wide Moat Focus Index now holds 40 positions. Data from March 1, 2007, to Feb. Oct 12, 2016 · In September, three new stocks made their way into the Morningstar Wide Moat Focus Index. More information is available in the different sections of the Morningstar Wide Moat Focus page, such as: historical data, charts, technical analysis and others. In comparison, the broader Morningstar US Market Index shed more than 5% We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. 3 days ago · ETFs Tracking The Morningstar Wide Moat Focus Index – ETF Holdings. At each reconstitution, constituents of each Morningstar Sector Moat Focus Index are derived from the corresponding Morningstar Sector Index(benchmark). Moat ratings and fair value estimates are determined through independent research conducted by the Morningstar Equity Research team. e. does not sponsor, endorse, issue, sell, or promote the VanEck Morningstar Wide Moat Jul 9, 2024 · Morningstar Economic Moat Rating: Wide; Morningstar Uncertainty Rating: Low; Trailing Dividend Yield: 3. Here are 10 with wide moats and Morningstar Ratings of 4 or 5 The Morningstar Wide Moat Focus Index consists of the 20 securities in the Morningstar US Market Index with the highest ratios of fair value, as determined by Morningstar, to their stock price, and which have a sustainable competitive advantage (i. Jan 23, 2019 · Relatively speaking, 2018 was a good year for the Morningstar Wide Moat Focus Index. wide moat). The indexes are complementary and provide consistent style exposure and diversified risk. Stocks on this list have either wide or narrow economic moat ratings and are Wide Moat Focus Index: The Impact of Moat and Valuation Screens The most differentiated elements of our portfolio construction process have driven sizable excess returns. Mar 26, 2024 · Learn how these indexes use Morningstar's moat ratings and valuation metrics to target stocks with wide moats and attractive valuations. Jan 18, 2024 · These undervalued stocks were recently added to the Morningstar Wide Moat Focus Index. The Wide Moat Focus Index did not see quite the same success, gaining only Morningstar Global Sector Moat Focus Index Family Construction Process Morningstar Global Sector Moat Focus Index Family Construction Process Selection Universe r r r o r een. Disclosure: Morningstar, Inc. Jun 21, 2017 · Digging Into First-Half Performance. 3%. Exhibit 2 Morningstar Wide Moat Focus Index : Risk Factor Attribution Source: Morningstar Direct. See why MOAT ETF is a Hold. Learn how the index outperformed the market by 4. Mar 28, 2024 · The Morningstar Wide Moat Focus Index (the “Moat Index”) also had a strong February, rising 4. It also outpaced the S&P 500 Feb 15, 2024 · The Morningstar Wide Moat Composite Index—which tracks all the stocks in the U. 8%, beating its benchmark, the Morningstar US Market Index, by 232 basis points. Effective Date: 07/18/23. Jan 5, 2024 · The Morningstar ® Wide Moat Focus Index SM and Morningstar ® US Small-Mid Cap Moat Focus Index SM were created and are maintained by Morningstar, Inc. Effective Date: 02/23/24. " The Wide Moat Focus Index--Reasons for Alpha Sep 27, 2017 · to see the top 25 positions in the Morningstar Wide Moat Focus Index. Mar 9, 2022 · The Morningstar Wide Moat Index has risen 17% over the past five years, beating the Morningstar US Market Index’s return of 15%. licenses indexes to financial institutions as the Jun 29, 2017 · The Wide Moat Focus Index targets stocks with strong competitive advantages that are trading at a discount to our analysts' estimates of their fair values. Stericycle is an integrated specialty We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. The Jun 7, 2023 · The Morningstar Wide Moat Focus Index has a long track record of not only mitigating relative drawdowns, but also participating in recoveries. 4% for the three-, five- and ten-year time May 18, 2023 · A screen of the Morningstar Wide Moat Focus Index reveals the most undervalued technology stocks with durable competitive advantages. May 27, 2016 · CHICAGO, May 27, 2016—Morningstar, Inc. Receive our news and insights Be among the first to receive the latest Morningstar Indexes analysis and perspectives. There are only two qualifications for inclusion in the Wide Moat Focus strategy: Companies must have an Despite a significant underweight in the “Magnificent Seven” relative to the Morningstar US Market Index, the Morningstar Wide Moat Focus Index has outperformed its parent benchmark by more than 5 percentage points year-to-date as of September 5 with a 23 Morningstar Wide Moat Foc TR USD Morningstar Profile (6/30/2024) Apr 5, 2023 · The outperformance of the US Moat index relative to its benchmark represents the highest single quarter outperformance in the history of the index. Since October 2002, when the moat classifications debuted, that benchmark The stocks on this list are the current constituents of the Morningstar Wide-Moat Focus Index. 2%, beating its benchmark, the Morningstar US Market Index, by 274 basis points. Karen Wallace Jun 20, 2018. The index tracks the lowest-priced companies with analyst-assessed The Morningstar Wide Moat Focus Index consists of the 20 securities in the Morningstar US Market Index with the highest ratios of fair value, as determined by Morningstar, to their stock price, and which have a sustainable competitive advantage (i. Peruse our Moats on Sale list. . What is an Economic Moat? Oct 11, 2018 · The Morningstar Wide Moat Focus Index has added several semiconductor stocks and asset managers, among others, to its roster. Karen Wallace Mar 28, 2018. So, let's start there, talking in general terms about what makes a wide-moat company and why that's Jul 4, 2013 · We recently rebalanced the Morningstar Wide Moat Focus Index. stocks but adds a valuation screen, favorable stock selection allowed Jan 24, 2019 · Andrew Lane: Within the Morningstar equity research department, we keep a close eye on the performance of the Wide-Moat Focus Index, a collection of the most undervalued U. Financial services was the biggest contributor to returns VanEck Morningstar Wide Moat ETF (MOAT ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar ® Wide Moat Focus Index SM (MWMFTR), which is intended to track the overall performance of attractively priced companies with sustainable competitive advantages according to Jun 20, 2018 · The Morningstar Wide Moat Focus Index made room for some undervalued consumer defensive stocks in June. Morningstar Wide Moat Index, a market cap-weighted index of all U. 28%; Industry: Drug Manufacturers—General What Is the Morningstar Dividend Yield Focus Sep 19, 2018 · And from a performance standpoint, wide-moat stocks tend to hold up better in market downturns: The Morningstar Wide Moat Focus Index lost less than 20% in 2008, versus a 37% tumble for the S&P 500. In the past decade, the wide moat focus index has risen 250. That is exactly what has played out for the index through the market turmoil of 2022 and recovery thus far in 2023. However, for the Morningstar Wide Moat Focus Index, which screens for wide-moat U. Factor exposures have provided a modest headwind as stock selection remains the primary driver of favorable returns. This outpaced the US Market Index, which gained 19. equity universe. does not sponsor, endorse, issue, sell, or promote the VanEck Morningstar Wide Moat ETF or the VanEck Morningstar SMID Moat ETF and bears no liability with respect to the ETFs We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. Morningstar Wide Moat Focus Index Through a Factor Lens . Under this licensing arrangement, Barclays must include the Wide Moat Sep 7, 2023 · When the Morningstar Wide Moat Focus Index launched in 2007, the term smart beta had yet to enter the investment lexicon, factor-based indexing was new, and passive strategies with active goals had yet to proliferate. Over the first half of 2017 through June 19, the Wide Moat Focus Index returned 12. We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. It is designed to provide exposure to a portfolio of the most undervalued U. A focus on quality U. equity market year-to-date. Morningstar-Single-Source-Wide-Moat-Focus-Indexes Family Overview | Document hosted on the Morningstar Indexes library Apr 21, 2022 · Morningstar's Wide Moat Focus Index holds a small number of wide-moat stocks, chosen because they also have low prices. Building on favorable first quarter performance, year-to-date results have been strong. From 2007 to 2017, the Morningstar Wide Moat Focus Index averaged an 11. 26% during the month, but lagged the broader market by some. Mar 30, 2021 · Here are the 10 cheapest stocks in the Morningstar Wide Moat Focus Index as of March 26. 5% and 14. Jan 25, 2024 · Regarding its composition, MOAT tracks the Morningstar Wide Moat Focus IndexSM, a compilation of companies fulfilling the wide moat criteria as determined by Morningstar's equity research team. Feb 10, 2024 · The Morningstar Wide Moat Focus Index is a rules-based, equal-weighted stock index that tracks companies with Morningstar Economic Moat Ratings of wide. The stocks on this list are the current constituents of the Morningstar Jun 24, 2024 · Morningstar Wide Moat Focus Index. As a reminder, this index contains the 20 cheapest wide-moat stocks based on price/fair value ratios. To be eligible for inclusion, constituents from the parent index must be assigned a fair value estimate by Morningstar’s analysts and an economic moat rating of “wide” attributable to the targeted moat source. wide-moat-rated Page 3 of 23 Morningstar Wide Moat Focus Index Through a Factor Lens | 5 April 2021 | See Important Disclosures at the end of this report. The Morningstar Wide Moat Composite Index —which tracks all the stocks in the US market with wide moats, regardless of their valuations—gained 30. stocks with a “wide” Economic Moat rating covered by Morningstar’s Equity Research team. ) Disclosure: Morningstar, Inc. 2 Reasons to Choose Economic Moats Over Quality in ETFs. Learn how. The index uses a disciplined approach to select companies with durable competitive advantages and attractive valuations. View All Rulebooks The Morningstar® Wide Moat Focus IndexSM targets companies with Morningstar® Economic Moat™ Ratings of wide that are trading at the lowest current market price/fair value ratios. Share. all 50 positions. These companies are the crème of the U. Mar 28, 2017 · Over the first quarter of 2017 through March 23, the Wide Moat Focus Index returned 6. The undervalued wide-moat stocks included in the index beat the broader market for the trailing three-, five-, and 10-year periods, too. op gm xh vi kf aa zl fh te av