AI Reevaluations Shape Moat Index Turnover | ETF Trends AI-driven moat rating downgrades played a major role in the Moat Index's Q2 review, reshaping tech exposure while surfacing attractively priced opportunities across other sectors. Key Takeaways Index performance is not illustrative of fund performance. It is not possible to invest directly in an index. Past performance is no guarantee of future results. Fair value estimates and price targets referenced herein are those of Morningstar's equity research ...