The Morningstar® Active Equity Indexes consist of a series of indexes that leverage Morningstar’s stock research. Each index will be a subset of the Morningstar® US Market Index, a broad market index representing 97% of the U.S. equity market capitalization.
Morningstar analysts determine price/fair value by using Morningstar’s discounted cash-flow model to estimate fair values for each of the companies they cover, and comparing the price of each stock to its fair value estimate. The Morningstar® Wide Moat Focus Index illustrates Morningstar’s unique, long-term approach to stock analysis and offers investors exposure to high-quality companies that consistently generate high returns on capital.
, a broad market index representing 97% of the U.S. equity market capitalization. 
illustrates Morningstar’s unique, long-term approach to stock analysis and offers investors exposure to high-quality companies that consistently generate high returns on capital.
