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Morningstar Wide Moat Focus Index: 2021 Year in Review

After historically strong first-quarter performance in 2021, the Morningstar Wide Moat Focus Index faltered over the remainder of the year, delivering slight underperformance versus the broader US equity market. Yet, the index's 15-year live track record remains highly favorable. This paper delivers a detailed review of 2021 results and identifies the strategy’s areas of longer-term strength, thanks to its disciplined approach in identifying attractively priced companies with durable competitive advantages.

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What's Inside

  • An assessment of 2021 performance attribution, including notable contributors to index active returns and the impact of sector representation, factor exposures, and Style Box positioning.
  • A comparison of up and down capture ratios and long term risk-adjusted returns for the Morningstar Wide Moat Focus Index and its benchmark.
  • How the Morningstar Wide Moat Focus Index has established an impressive 15-year track record since its live inception in early 2007.

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