Morningstar Select Equity Portfolios

A series of focused, separately managed account (SMA) strategies rooted in a valuation-driven investment approach and built for the long-term.

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Our Select Equity Portfolios share these key elements:

Focused Selection

Our focused portfolios typically own 20–40 stocks to access our high conviction stock ideas. This approach allows us to better position the total portfolio.

Widening the Moat

We believe companies with sustainable competitive advantages, or moats, should be able to defend or grow their market position over time.*

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Quality Companies

We prefer high-quality companies with durable moats, steady profits, and strong free cash flows that trade at attractive discounts to their intrinsic value.

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All-Cap Equity Portfolio

This "go anywhere" strategy seeks domestic and international stocks across the market-cap spectrum.

DESIGNED FOR INVESTORS WHO:

Want a portfolio with the flexibility to invest around the globe and across all market caps

Are looking to invest in significantly undervalued stocks that may be out of favor

Seek out deep bargains and like a contrarian approach

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PORTFOLIO EQUITY STYLE

Large-Cap Value

Full Portfolio Overview

Learn More About Select Equity

Resources and insights to help you understand our portfolios and the markets they invest in.

advisor-development

The Case for Concentration

John Owens

5m read

advisor-development

How Combining ESG Risk and Moat Ratings Can Benefit Portfolios

Morningstar Investment Management LLC

4m read

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Focus on Equities: Pockets of Euphoria During a Recession

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3 Tax Advantages When Using SMAs

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When We Buy Stocks ... And Why

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Explore Further

Can't find what you're looking for? Check out our other series.

Select Fixed-Income Portfolios Focus on Income

Institutional access to high-quality bond portfolios.

Explore Select Fixed-Income

Asset Allocation Portfolios Get the right mix for your core

Diversified core solutions able to match your risk tolerance.

Explore Asset Allocation

*The Morningstar Economic Moat Rating is not a credit or risk rating. It is a subjective evaluation performed by the equity research analysts of Morningstar. The Morningstar Economic Moat Rating should not be used as the sole basis in evaluating a security. Morningstar ratings involve unknown risks and uncertainties which may cause Morningstar's expectations not to occur or to differ significantly from what we expected.

Morningstar® Managed Portfolios℠ are offered by the entities within Morningstar’s Investment Management group, which includes subsidiaries of Morningstar, Inc. that are authorized in the appropriate jurisdiction to provide consulting or advisory services in North America, Europe, Asia, Australia, and Africa. In the United States, Morningstar Managed Portfolios are offered by Morningstar Investment Services LLC or Morningstar Investment Management LLC, both registered investment advisers, as part of a discretionary investment advisory service or as model portfolios to third-party advisory programs on a discretionary or non-discretionary basis. Morningstar Managed Portfolios offered by Morningstar Investment Services LLC or Morningstar Investment Management LLC are intended for citizens or legal residents of the United States or its territories and can only be offered by a registered investment adviser or investment adviser representative. It is important to note that investments in securities (e.g. mutual funds, exchange-traded funds, common stocks) involve risk and will not always be profitable. There is no guarantee that the results of advice, recommendations, or the objectives of your portfolio will be achieved. There is no guarantee that negative returns can or will be avoided in any of Morningstar Managed Portfolios’ portfolios. An investment made in a security may differ substantially from its historical performance and as a result, you may incur a loss. Past performance is no guarantee of future results. Diversification does not eliminate the risk or experiencing investment losses.