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This chart illustrates the three largest market drops during drawdown periods* and how the
Morningstar Long/Short Equity Category captured significantly less drawdown than the MSCI World Index.
Past performance is not indicative of future results. Source: Morningstar. Data from 12/1/2009-6/30/2018. Monthly data MSCI World Index. *Drawdown periods include 5/31/2010-9/30/2019, 5/31/2011-11/30/2012 and 6/30/2015-11/30/2016.
The MSCI World Index is a free float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The index includes reinvestments of dividends, net of foreign withholding taxes.
A Drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough.