August/September 2018 Strategies Research 42 How Long Can a Good Fund Underperform? 46 Holding Bonds Under the New Tax Law 48 Filling in the Gaps 51 Mind the Gap 2018 53 Manager: Good by Any Measure Passive: Balancing Act Equity: Winning by a Wide Margin Tax Wise Quant U Investment Research Best Ideas 54 55 Investors Morningstar Conversation 56 Cutting Through the Noise 62 Aligning Interests 66 69 Value and Income Sector Snapshot: Utilities 70 Feeding a Need to Help Undiscovered Manager Sector Rap User Profile Data Dashboard 78 Morningstar Global Market Barometer Morningstar Global Valuation Lens Morningstar Global Fund Flows 80 Ten Questions 72 74 4