Invest in Style
The Morningstar® Broad Style IndexesSM
A more flexible, intuitive framework for style investing and analysis.
Designed to accurately represent the size and style dimensions of the U.S. equity market in alignment with the Morningstar Style Box™, the Morningstar® Broad Style IndexesSM are a natural complement for informing style-related investment decisions. Index methodology targets broad market segments and allows for constituent overlap, resulting in benchmarks that better reflect the opportunity set for style investors.
Intelligent Benchmarking
By targeting broad segments and allowing for overlap, the indexes facilitate better benchmarking of active strategies.
Competitive Performance
Through a robust methodology, the indexes' performance is comparable to other style indexes on the market.
Exceptional Value
Advancing Morningstar's goal of lowering the cost of benchmarking and empowering investor success.
Morningstar Broad Style Indexes
The Morningstar Broad Style Index family consists of 17 U. S. equity indexes that track the U. S. equity market by capitalization and investment style. Read our Methodology and FAQ.
Five indexes represent size segments based on their coverage of the U. S. equity market:
Large Cap
Large-Mid
Mid Cap
Small-Mid
Small Cap Extended
Twelve indexes represent style segments within each of the size segments:
Large Cap
Broad Growth
Large Cap
Broad Value
Large-Mid
Broad Growth
Large-Mid
Broad Value
Mid Cap
Broad Growth
Mid Cap
Broad Value
Small-Mid
Broad Growth
Small-Mid
Broad Value
Small Cap
Broad Growth Extended
Small Cap
Broad Value Extended
Market
Value
Market
Growth
Forever in Style: Expanding Morningstar’s Style Index Suite
In response to the ongoing evolution of style investing, Morningstar is launching a new suite of style indexes to complement its original family. The Morningstar Broad Style Indexes are aligned with the Morningstar Style Box by design and serve a wide range of investor needs.
About the Morningstar Style Box
The Morningstar Style Box has become the industry standard for categorizing and tracking managed investment portfolios. It describes securities in terms of their relative size and value-growth orientation in an intuitive, visual tool. It is based on a robust methodology that includes forward-looking and historical components and 10 different factors to measure value-growth orientation.
RECENT ANNOUNCEMENT
Morningstar and iShares Join Forces to Lead the Industry in Style Investing
In late 2020, Morningstar and iShares issued a joint press release announcing their commitment to joining forces to lead the industry in style investing. The iShares Morningstar U.S. Equity Style Box ETFs will be updated to track Morningstar’s new set of style indexes, the Morningstar Broad Style Indexes, within the existing suite of nine funds.