Morningstar and iShares are joining forces. Morningstar, Inc. in January 2021 will formally launch a new index family — the Morningstar Broad Style IndexesSM—designed to more accurately represent the size and style dimensions of the U.S. equity market. The underlying data and methodology of the Morningstar Broad Style Indexes are designed to be consistent with the Morningstar Style Box, making the Morningstar Broad Style Indexes a natural complement for informing style-related investment decisions.

As part of this initiative, the nine funds in the iShares Morningstar U.S. Equity Style Box ETF suite will begin tracking the new Morningstar Broad Style Indexes. The Morningstar Style Box will not experience changes as part of the launch of the Morningstar Broad Style Index family. The Morningstar Broad Style Index family will provide investors with a more accurate reflection of their opportunity set, enabling intelligent benchmarking and asset allocation decisions.

This new approach will give investors more flexibility to access the broad market while maintaining their desired style exposure. The Morningstar Broad Style Indexes complement Morningstar's existing style indexes and will be formally launched in January 2021. Learn more about Morningstar's robust suite of indexes across all asset classes here.