These high-quality names were recently added to the Morningstar Wide Moat Focus Index.
The Morningstar Wide Moat Focus Index tracks companies that earn?Morningstar Economic Moat Ratings?of wide and that are trading at the lowest current market price to fair value. How has this cluster of high-quality names performed over time? Pretty well: The index?has beaten?the S&P 500 during the trailing three-, five-, and 10-year periods.
With those performance numbers on the index's side, its constituents are a fertile hunting ground for investors looking for high-quality stocks trading at reasonable prices.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.