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Reconstitution
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.

Index reconstitution and rebalancing schedules available here.
Index Documents
Developed Markets ex-Australia Wide Moat Focus
Reconstitution Analysis
15 September 2017
53K

Global exIndia Wide Moat Focus
Reconstitution Analysis
15 September 2017
54K

Developed Markets Wide Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
54K

54K

Developed Markets Technology Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
52K

54K

Developed Markets ex-North America Target Value
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
58K

58K

58K

Developed Markets ex-North America Target Momentum
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
69K

68K

65K

Sustainability
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
16 December 2016
52K

51K

Lifetime Allocation
Reallocation Memo
16 June 2017
Reallocation Memo
21 June 2016
194K

183K

Dividend Yield Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
Reconstitution Analysis
17 June 2016
Reconstitution Analysis
18 March 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
19 September 2014
Reconstitution Analysis
18 September 2015
Reconstitution Analysis
19 June 2015
Reconstitution Analysis
20 March 2015
Reconstitution Analysis
19 December 2014
Reconstitution Analysis
20 June 2014
Reconstitution Analysis
21 March 2014
Reconstitution Analysis
20 December 2013
Reconstitution Analysis
20 September 2013
Reconstitution Analysis
21 June 2013
Reconstitution Analysis
15 March 2013
Reconstitution Analysis
21 December 2012
Reconstitution Analysis
21 September 2012
Reconstitution Analysis
15 June 2012
Reconstitution Analysis
16 March 2012
57K

55K

56K

55K

55K

55K

52K

56K

51K

49K

51K

50K

52K

53K

52K

49.8K

52.7K

464K

164K

198K

194K

215K

201K

Dividend Growth
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
19 December 2014
65K

58K

53K

Exponential Technologies
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
19 December 2014
90K

84K

70K

Exponential Technologies Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
53K

53K

52K

52K

53K

Multi-Asset High Income
Reconstitution Analysis
01 December 2017
Reconstitution Analysis
01 September 2017
Reconstitution Analysis
01 June 2017
Reconstitution Analysis
01 March 2017
Reconstitution Analysis
01 December 2016
Reconstitution Analysis
01 September 2016
Reconstitution Analysis
01 June 2016
Reconstitution Analysis
01 March 2016
Reconstitution Analysis
1 December 2015
Reconstitution Analysis
01 September 2015
Reconstitution Analysis
01 June 2015
Reconstitution Analysis
02 March 2015
Reconstitution Analysis
01 December 2014
Reconstitution Analysis
02 September 2014
Reconstitution Analysis
02 June 2014
Reconstitution Analysis
03 March 2014
Reconstitution Analysis
02 December 2013
Reconstitution Analysis
03 September 2013
Reconstitution Analysis
1 June 2013
Reconstitution Analysis
1 March 2013
Reconstitution Analysis
1 December 2012
Reconstitution Analysis
1 September 2012
Reconstitution Analysis
1 June 2012
47K

47K

44K

41K

50K

48K

42.5K

43K

43K

51K

46K

46K

46K

31K

33.7K

33.0K

39.0K

156K

163K

164K

156K

168K

144K

US Bond Market Yield Optimized
Reconstitution Analysis
01 December 2017
Reconstitution Analysis
01 September 2017
Reconstitution Analysis
01 June 2017
Reconstitution Analysis
01 March 2017
Reconstitution Analysis
01 December 2016
Reconstitution Analysis
01 September 2016
Reconstitution Analysis
01 June 2016
Reconstitution Analysis
01 March 2016
Reconstitution Analysis
1 December 2015
Reconstitution Analysis
01 September 2015
Reconstitution Analysis
01 June 2015
Reconstitution Analysis
02 March 2015
Reconstitution Analysis
01 December 2014
Reconstitution Analysis
02 September 2014
47K

47K

42K

42K

41K

47K

41.3K

41K

38K

47K

45K

45K

46K

29K

Wide Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
Reconstitution Analysis
17 June 2016
Reconstitution Analysis
18 March 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
18 September 2015
Reconstitution Analysis
19 June 2015
Reconstitution Analysis
20 March 2015
Reconstitution Analysis
19 December 2014
Reconstitution Analysis
19 September 2014
Reconstitution Analysis
20 June 2014
Reconstitution Analysis
21 March 2014
Reconstitution Analysis
20 December 2013
Reconstitution Analysis
20 September 2013
Reconstitution Analysis
21 June 2013
Reconstitution Analysis
15 March 2013
51K

50K

50K

50K

52K

45K

43K

42K

43K

40K

42K

42K

47K

48K

47K

44.0K

45.0K

61.4K

88K

Global ex-US Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
Reconstitution Analysis
17 June 2016
Reconstitution Analysis
18 March 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
18 September 2015
Reconstitution Analysis
19 June 2015
57K

55K

55K

57K

55K

54K

51K

52K

50K

49K

Australia Moat Focus
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
49K

39K

49K

49K

49K

MLP Composite
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
17 June 2016
Reconstitution Analysis
18 December 2015
Reconstitution Analysis
19 June 2015
Reconstitution Analysis
19 December 2014
Reconstitution Analysis
20 June 2014
Reconstitution Analysis
20 December 2013
Reconstitution Analysis
21 June 2013
41K

44K

47K

47K

40K

43K

49K

44.9K

64.6K

Global ex-US
Reconstitution Analysis
15 September 2017
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
17 March 2017
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
16 September 2016
Reconstitution Analysis
17 June 2016
Reconstitution Analysis
18 March 2016
Reconstitution Analysis
18 December 2015
134K

148K

58K

80K

62K

75K

53K

74K

Commodities
Reconstitution Analysis
16 December 2016
Reconstitution Analysis
21 December 2015
41K

41K

Australia Dividend Yield Focus
Reconstitution Analysis
16 June 2017
Reconstitution Analysis
16 December 2016
45K

44K



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