Morningstar, Inc. is a leading provider of independent investment 
insights in North America, Europe, Australia, and Asia. The 
Company offers an extensive line of products and services for 
individual investors, financial advisors, asset managers and 
owners, retirement plan providers and sponsors, and institutional 
investors in the debt and private capital markets. Morningstar 
provides data and research insights on a wide range of investment 
offerings, including managed investment products, publicly 
listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment 
management services through its investment advisory subsidiaries, 
with approximately $246 billion in assets under advisement and 
management as of Dec. 31, 2022. The Company operates through 
wholly- or majority-owned subsidiaries in 32 countries.

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