How Moat Indexes Have Performed Recently
Domestic moat companies, as represented by the Morningstar® Wide Moat Focus IndexSM ( MWMFTR, or “U.S. Moat Index”), shined in September, outperforming the S&P 500® Index (1.25% vs. 0.57%, respectively). The Morningstar® Global ex-US Moat Focus IndexSM ( MGEUMFUN, or “International Moat Index”) trailed the MSCI All Country World Index ex-USA in September (0.25% vs. 0.46%, respectively), but remained ahead since the beginning of the year (-2.49% vs. -3.09%, respectively).