Morningstar Equity Indexes
A Robust Institutional Beta Platform for Core Investing
Key Features
Morningstar Equity Indexes
 |  | |
| Comprehensive coverage of the global equity market Represents 99% of the investable global equity market and provides extensive building blocks across regions, countries, styles, and sectors. | Investable and replicable Only liquid stocks that are readily available for institutional investors to hold at scale are included, reflecting the true opportunity set for active managers and mitigating transaction costs for passive investors. | |
 |  | |
| Objective and transparent Built and maintained according to a transparent set of rules that ensure objective, consistent market representation. | Aligned with Morningstar classification frameworks Supports seamless analysis by aligning with the Morningstar Style Box and Morningstar country and sector classifications. | |
Featured Indexes
Morningstar Target Market Exposure Indexes
Designed to facilitate performance benchmarking and efficient portfolio construction, Morningstar Indexes’ flagship global equity index series represents 99% of the investable global equity market and provides extensive building blocks across geographical regions, developed and emerging markets, individual countries, sectors, and currencies.
CRSP Market Indexes
Morningstar’s February 2026 acquisition of CRSP brings the CRSP Market Indexes, benchmarks for over $3 trillion in AUM, into the Morningstar Indexes family. Designed to deliver the most comprehensive, accurate view of the investable US equity market and its size and style segments, the CRSP Market Indexes will be renamed the Morningstar Market Indexes and become Morningstar Indexes’ flagship US equity index series in July 2026.
Morningstar Broad Styles Indexes
The Morningstar Broad Style Indexes represent 99.5% of the US investable equity market, providing a comprehensive view of the opportunity set for style investors. The indexes utilize the same metrics as the Morningstar Style Box to segment the market into value and growth segments, resulting in a consistent frame of reference and holistic measurement of style.
Building Blocks Across Regions, Countries, Styles, and Sectors
Analysis
The Impact of Mega-IPOs on the CRSP Market Indexes
The growth of private markets will likely have a significant impact on the public equity markets. As private companies stay private longer and IPO when they are bigger, the way public indexes are designed will impact how the public equity markets will process these new entrants.
Insights from the Leading Edge
We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research.