Morningstar - Q3 2024 - 44
Strategies
HOW-TO
5
6
Columns window. I pulled this data point monthly
over the past 10 years.
Finally, to see how these data points fluctuated
for the typical fund in these peer groups, I added
several summary statistics such as average,
median, and count under Report Settings (Action
> Report Settings).
7
The report is then ready for calculation.
To interpret the results more easily, I exported
7
the output to Excel and created a line graph
for each data point. I decided to use the
median values for each category to avoid the
impact of outliers, though the average
results were similar.
Over the past 10 years, the median active largegrowth
fund's active share dropped
significantly, going from roughly 74% at the
start of 2014 to just 55% at the end of
2023. Large-blend funds also saw a decrease,
but not nearly as significant, going from 73%
in 2014 to 66% in 2023. On the other hand,
the median active share for active large-value
funds actually increased from 73% in 2014
to 80% in 2023.
So, median category active share had an inverse
relationship with the index concentration-
active share dropped as concentration increased,
and vice versa. As the Russell 1000 and
5
6
44
Morningstar Q3 2024
Morningstar - Q3 2024
Table of Contents for the Digital Edition of Morningstar - Q3 2024
Morningstar - Q3 2024 - Cover1
Morningstar - Q3 2024 - Cover2
Morningstar - Q3 2024 - 1
Morningstar - Q3 2024 - 2
Morningstar - Q3 2024 - 3
Morningstar - Q3 2024 - 4
Morningstar - Q3 2024 - 5
Morningstar - Q3 2024 - 6
Morningstar - Q3 2024 - 7
Morningstar - Q3 2024 - 8
Morningstar - Q3 2024 - 9
Morningstar - Q3 2024 - 10
Morningstar - Q3 2024 - 11
Morningstar - Q3 2024 - 12
Morningstar - Q3 2024 - 13
Morningstar - Q3 2024 - 14
Morningstar - Q3 2024 - 15
Morningstar - Q3 2024 - 16
Morningstar - Q3 2024 - 17
Morningstar - Q3 2024 - 18
Morningstar - Q3 2024 - 19
Morningstar - Q3 2024 - 20
Morningstar - Q3 2024 - 21
Morningstar - Q3 2024 - 22
Morningstar - Q3 2024 - 23
Morningstar - Q3 2024 - 24
Morningstar - Q3 2024 - 25
Morningstar - Q3 2024 - 26
Morningstar - Q3 2024 - 27
Morningstar - Q3 2024 - 28
Morningstar - Q3 2024 - 29
Morningstar - Q3 2024 - 30
Morningstar - Q3 2024 - 31
Morningstar - Q3 2024 - 32
Morningstar - Q3 2024 - 33
Morningstar - Q3 2024 - 34
Morningstar - Q3 2024 - 35
Morningstar - Q3 2024 - 36
Morningstar - Q3 2024 - 37
Morningstar - Q3 2024 - 38
Morningstar - Q3 2024 - 39
Morningstar - Q3 2024 - 40
Morningstar - Q3 2024 - 41
Morningstar - Q3 2024 - 42
Morningstar - Q3 2024 - 43
Morningstar - Q3 2024 - 44
Morningstar - Q3 2024 - 45
Morningstar - Q3 2024 - 46
Morningstar - Q3 2024 - 47
Morningstar - Q3 2024 - 48
Morningstar - Q3 2024 - 49
Morningstar - Q3 2024 - 50
Morningstar - Q3 2024 - 51
Morningstar - Q3 2024 - 52
Morningstar - Q3 2024 - 53
Morningstar - Q3 2024 - 54
Morningstar - Q3 2024 - 55
Morningstar - Q3 2024 - 56
Morningstar - Q3 2024 - 57
Morningstar - Q3 2024 - 58
Morningstar - Q3 2024 - 59
Morningstar - Q3 2024 - 60
Morningstar - Q3 2024 - 61
Morningstar - Q3 2024 - 62
Morningstar - Q3 2024 - 63
Morningstar - Q3 2024 - 64
Morningstar - Q3 2024 - 65
Morningstar - Q3 2024 - 66
Morningstar - Q3 2024 - 67
Morningstar - Q3 2024 - 68
Morningstar - Q3 2024 - 69
Morningstar - Q3 2024 - 70
Morningstar - Q3 2024 - 71
Morningstar - Q3 2024 - 72
Morningstar - Q3 2024 - Cover3
Morningstar - Q3 2024 - Cover4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
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