Morningstar, Inc.

Morningstar, Inc. is a leading independent investment research firm that empowers investors worldwide with data, insights, and tools. The company provides comprehensive analysis and ratings for a vast array of investment products, including mutual funds, exchange-traded funds, equities, and fixed-income securities, serving both individual and institutional investors across the United States, Asia, Australia, Canada, Europe, and other international markets. Its core offerings are delivered through distinct business segments, encompassing the Morningstar Direct Platform for investment analysis and reporting, PitchBook for in-depth data and research on private capital markets, Morningstar Credit for credit ratings and analytics, Morningstar Wealth for asset management and advisor services, and Morningstar Retirement for managed retirement accounts and fiduciary services. Additionally, Morningstar offers environmental, social, and governance (ESG) data and research through Morningstar Sustainalytics and provides market indexes that serve as benchmarks and the foundation for various investment products. Through its integrated suite of products and services, Morningstar aims to foster greater transparency and understanding in the investment landscape, supporting informed decision-making for financial advisors and investors alike.