The Morningstar® Wide Moat Focus IndexSM, a portfolio of our cheapest wide-moat stocks relative to fair value, has generated excess returns versus the overall market. Over the trailing one-, three-, five-, and 10-year periods, and since company moat ratings were first assigned in late 2002, the Morningstar Wide Moat Focus Index has outperformed its benchmark.
In this paper, we examine:
The performance of the Wide Moat Focus Index since 2002
What our attribution analysis of the index shows
The risk and return metrics of the index