Another quarter, another tweak to the Morningstar Wide Moat Focus Index.
Specifically, we reconstitute one subportfolio of the index each quarter. We re-evaluate the index's holdings and add and remove stocks based on a preset methodology. Doing so helps keep the index true to its goal of providing exposure to competitively advantaged (wide-moat) stocks selling at the lowest current market price/fair value ratios.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.