Morningstar : Indexes Introduces Morningstar® Global Wide Moat VC 7% Index

Published: 2025-06-18 12:09:07 ET MORN

Published on 06/18/2025 at 12:09

Contact: Tim Benedict, +1 203 339-1912, [email protected]

FOR IMMEDIATE RELEASE

Morningstar Indexes Introduces Morningstar® Global Wide Moat VC 7% Index

The new index provides exposure to a blend of equity, bond and commodity allocations with the equity component represented by the Morningstar Global Markets Wide Moat Composite Index and has been licensed by American National (ANICO).

CHICAGO, 2025 June 18 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announces the launch of the Morningstar Global Wide Moat VC 7% Index. The new index reflects the performance of a multi-asset-class strategy focusing on global equities, US Treasury securities and a commodity carry component with a risk control overlay. The index is one of the first designed by Morningstar for the fixed indexed annuities market and has been licensed by American National for its new offering.

Neil McAllister, Head of Derivatives Products Americas for Morningstar Indexes, said: "We are excited to collaborate with American National to offer a unique index for the fixed indexed annuities market, helping to build on our strategy to offer more unique index capabilities to growing markets such as structured products and insurance. This new index draws on the leading global index methodologies of Morningstar Indexes and the unique forward-looking insights of Morningstar Equity Research."

Chad Ferrell, SVP, Chief of Annuity Distribution of American National, said: "We are proud to collaborate with Morningstar to bring the Global Wide Moat VC 7% Index to the fixed indexed annuity space. By combining Morningstar's renowned equity research and multi-asset index design with our commitment to long-term financial security, we're hoping to deliver a powerful new solution that helps clients navigate with confidence and clarity."

The Morningstar Global Wide Moat VC 7% Index is designed to deliver risk-controlled exposure to a blended portfolio of global equities, US treasuries and commodities. The new benchmark combines an underlying index - the Morningstar Global Markets Wide Moat Composite Index - with US treasury bond and commodity futures indexes into a single blended benchmark.

The underlying index provides global market cap-weighted exposure to companies with a Morningstar Economic Moat Rating of "wide," indicating that they enjoy a durable competitive advantage. Moat ratings are determined through independent research conducted by the Morningstar Equity Research Team. To limit risk, the index has a target volatility of 7% and a leverage cap of 250%.

The innovative new index joins a range of indexes that Morningstar has developed in recent years that tap into Morningstar's unique intellectual property for use in alternative strategies and investment vehicles such as structured products and represents one of the first Morningstar index to be used within a fixed indexed annuity.

About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit https://www.morningstar.com/company. Follow Morningstar on X @Morningstar Inc.

About Morningstar Indexes As the fastest-growing global index provider for the last five years according to Burton-Taylor International Consulting, Morningstar Indexes was built to keep up with the evolving needs of investors-and to be a leading-edge advocate for them. Morningstar's rich heritage as a transparent, investor-focused leader in data and research uniquely equips Morningstar Indexes to support individuals, institutions, wealth managers and advisors in navigating investment opportunities across all major asset classes, styles, and strategies. From assessing risk and return with traditional benchmarks to helping investors effectively incorporate ESG objectives into their investment process, our range of index solutions spans an investment landscape as diverse as investors themselves. We help investors answer today's increasingly complex questions so that they can more easily reach tomorrow's goals. Please visit indexes.morningstar.com for more information. About American National Founded in 1905 and based in Galveston, Texas, American National Insurance Company (American National) is dedicated to being a source of certainty for millions of Americans through a comprehensive range of wealth protection, retirement, and insurance products and services. American National combines our expertise and resources to cater to the diverse needs of our clients, guiding them towards financial security and peace of mind. For more information, visit our website at AmericanNational.com.

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Morningstar Inc. published this content on June 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 18, 2025 at 16:08 UTC.