Morningstar, Inc. announced the launch of the Morningstar® Broad Style Indexes, a family of indexes designed to more accurately represent the size and style dimensions of the U.S. equity market. The Morningstar Broad Style Indexes consists of 12 U.S. equity indexes that divide the market by capitalization and investment style. The Morningstar Style Box™, first created in 1992, characterizes investments by their fundamental attributes, dividing the equity market along dimensions of size and valuation. The market for U.S. style-based investment strategies has continued to grow: Traditional mutual funds and exchange-traded funds classified in Morningstar's U.S. Equity Large Cap Growth global fund category held nearly $2.7 trillion in investor capital and assets in U.S. Equity Large Cap Value strategies totaled more than $1.3 trillion, as of year-end 2020, according to Morningstar data. While the underlying data and methodology of the Broad Style Indexes are designed to be consistent with the Morningstar Style Box, the Broad Style Indexes cover larger segments of the market. By allowing for overlap in constituents and extending further down the market-capitalization spectrum, the indexes facilitate better benchmarking of active strategies, making them a natural complement for informing style-related investment decisions.