| Reconstitution is a critical step in accurately reflecting market and fundamental changes in an index. Because it involves adding and removing holdings based on current data, reconstitution by definition creates turnover in the index portfolio. Morningstar has established reconstitution schedules for each index family that ensure our indexes are representative while reducing unnecessary turnover. All Morningstar indexes are rebalanced regularly to reflect the most current corporate structure, shares outstanding, and free float for each constituent. |
