Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - Morningstar, Inc. | morn_exhibitx322x12312020.htm |
| EX-32.1 - EX-32.1 - Morningstar, Inc. | morn_exhibitx321x12312020.htm |
| EX-31.2 - EX-31.2 - Morningstar, Inc. | morn_exhibitx312x12312020.htm |
| EX-31.1 - EX-31.1 - Morningstar, Inc. | morn_exhibitx311x12312020.htm |
| EX-23.1 - EX-23.1 - Morningstar, Inc. | morn_exhibitx23112312020.htm |
| 10-K - 10-K - Morningstar, Inc. | morn-20201231.htm |
EXHIBIT 21.1
The information below is presented as of December 31, 2020. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a significant subsidiary as of the date compiled.
Subsidiaries of Morningstar, Inc.
Subsidiary | Jurisdiction of Formation | Ownership Information | ||||||||||||
| Corporate Fundamentals, Inc. | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| DBRS, Inc. | US (Delaware) | Morningstar Ratings Holding Corp. owns 100%. | ||||||||||||
| Morningstar Credit Information & Analytics LLC | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Investment Management LLC | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Investment Services LLC | US (Delaware) | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Morningstar Ratings Holding Corp. | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Research Services LLC | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Pitchbook Data, Inc. | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Sustainalytics U.S. Inc. | US (Delaware) | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Commodity Data, Inc. | US (Illinois) | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Credit Ratings, LLC | US (Pennsylvania) | DBRS, Inc. owns 100%. | ||||||||||||
| ADL (Aust) Pty Limited | Australia | Morningstar Australasia Pty Limited owns 100%. | ||||||||||||
| Ibbotson Pty Limited | Australia | Morningstar Australasia Pty Limited owns 100%. | ||||||||||||
| Morningstar Australasia Pty Limited | Australia | Morningstar Direct Investments Pty Limited owns 100%. | ||||||||||||
| Morningstar Direct Investments Pty Limited | Australia | Morningstar Group Australia Pty Limited owns 100%. | ||||||||||||
| Morningstar Group Australia Pty Limited | Australia | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Investment Management Australia Limited | Australia | Ibbotson Pty Limited owns 100%. | ||||||||||||
| Sustainalytics Australia Pty Ltd. | Australia | Sustainalytics Holding B.V. owns 100%. | ||||||||||||
| Morningstar Brasil Informacoes Financeiras Ltda. | Brazil | Morningstar Holland B.V. owns 100%. (Note A) | ||||||||||||
| DBRS Limited | Canada | Ratings Acquisition Corp. owns 100%. | ||||||||||||
| Jantzi Research Inc. | Canada | Sustainalytics Holding B.V. owns 100%. | ||||||||||||
| Morningstar Associates, Inc. | Canada | Morningstar Canada Group, Inc. owns 100% | ||||||||||||
| Morningstar Canada Group, Inc. | Canada | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Research, Inc. | Canada | Morningstar Canada Group, Inc. owns 100% | ||||||||||||
| Ratings Acquisition Corporation | Cayman Islands | Morningstar Ratings Holding Corp. owns 100%. | ||||||||||||
| Servicios Morningstar Chile Ltd. | Chile | Morningstar Holland B.V. owns 100%. (Note A) | ||||||||||||
EXHIBIT 21.1
| Morningstar (Shenzhen) Ltd. | China | Morningstar Asia, Ltd. owns 100%. | ||||||||||||
| Morningstar Finance (Cyprus) Limited | Cyprus | Morningstar Ratings Holding Corp. owns 100%. | ||||||||||||
| GES Investment Services Danmark A/S | Denmark | GES International AB owns 100%. | ||||||||||||
| Morningstar Danmark A/S | Denmark | Morningstar Danmark Holding ApS owns 100%. | ||||||||||||
| Morningstar Danmark Holding ApS | Denmark | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar France Fund Information SARL | France | Morningstar France Holding SAS owns 100%. | ||||||||||||
| Morningstar France Holding SAS | France | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Investment Consulting France SAS | France | Morningstar France Holding SAS owns 100%. | ||||||||||||
| Sustainalytics S.A.R.L. | France | Sustainalytics B.V. owns 100%. | ||||||||||||
| DBRS Ratings GmbH | Germany | Ratings Acquisition Corp. owns 100%. | ||||||||||||
| Morningstar Deutschland GmbH | Germany | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Sustainalytics GmbH | Germany | Sustainalytics B.V. owns 100%. | ||||||||||||
| Morningstar Asia Limited | Hong Kong | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Investment Management Asia Limited | Hong Kong | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Morningstar India Private Limited | India | Corporate Fundamentals, Inc. owns 100%. | ||||||||||||
| Morningstar Investment Adviser India Private Limited | India | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Morningstar Italy, S.R.L. | Italy | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Ibbotson Associates Japan K.K. | Japan | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Sustainalytics Japan Inc. | Japan | Sustainalytics Holding B.V. owns 100%. | ||||||||||||
| Morningstar Korea, Ltd. | Korea | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Luxembourg S.a.r.l. | Luxembourg | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Investigaciones MS Mexico, S. de R.L. de C.V. | Mexico | Morningstar Holland B.V. owns 100%. (Note A) | ||||||||||||
| Servicios MStar Global, S. de R.L. de C.V. | Mexico | Morningstar Holland B.V. owns 100%. (Note A) | ||||||||||||
| Morningstar Research Limited | New Zealand | Morningstar Direct Investments Pty Limited owns 100%. | ||||||||||||
| Morningstar Norge AS | Norway | Morningstar Holland B.V. owns 100%. | ||||||||||||
| GES Poland SP. Z.O.O. | Poland | GES International AB owns 100%. | ||||||||||||
| Sustainalytics S.R.L. | Romania | Sustainalytics B.V. owns 100%. | ||||||||||||
| Morningstar Investment Adviser Singapore Pte. Limited | Singapore | Morningstar Asia Limited owns 100%. | ||||||||||||
| Morningstar Research Pte. Limited | Singapore | Morningstar Asia Limited owns 100%. | ||||||||||||
| Sustainalytics Pte Ltd. | Singapore | Sustainalytics Holding B.V. owns 100%. | ||||||||||||
| Morningstar Investment Management South Africa (Pty) Limited | South Africa | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Morningstar Research (Proprietary) Limited | South Africa | Morningstar Holland B.V. owns 100%. | ||||||||||||
EXHIBIT 21.1
| DBRS Ratings GmbH Sucursal en España | Spain | DBRS Ratings GmbH owns 100%. | ||||||||||||
| Morningstar Europe Services, S.L. | Spain | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Network, S.L. | Spain | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Sustainalytics S.A. | Spain | Sustainalytics B.V. owns 100%. | ||||||||||||
| GES International AB | Sweden | Sustainalytics Holding B.V. owns 100%. | ||||||||||||
| Morningstar HoldCo AB | Sweden | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Sweden AB | Sweden | Morningstar HoldCo AB owns 100%. | ||||||||||||
| GES Investment Services Switzerland GmbH | Switzerland | GES International AB owns 100%. | ||||||||||||
| Morningstar Switzerland GmbH | Switzerland | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Research Thailand Limited | Thailand | Morningstar, Inc. owns 100%. (Note B) | ||||||||||||
| Morningstar Europe B.V. | The Netherlands | Morningstar, Inc. owns 100%. | ||||||||||||
| Morningstar Holland B.V. | The Netherlands | Morningstar Europe B.V. owns 100%. | ||||||||||||
| Sustainalytics B.V. | The Netherlands | Morningstar Europe B.V. owns 100%. | ||||||||||||
| Sustainalytics Holding B.V. | The Netherlands | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar (Dubai) Ltd. | United Arab Emirates | Morningstar Holland B.V. owns 100%. | ||||||||||||
| DBRS Ratings Limited | United Kingdom | Ratings Acquisition Corp. owns 100%. | ||||||||||||
| Morningstar Europe Limited | United Kingdom | Morningstar Holland B.V. owns 100%. | ||||||||||||
| Morningstar Finance Limited | United Kingdom | Ratings Acquisition Corp. owns 100%. | ||||||||||||
| Morningstar Investment Management Europe Limited | United Kingdom | Morningstar Investment Management LLC owns 100%. | ||||||||||||
| Morningstar Real-Time Data Limited | United Kingdom | Morningstar UK Limited owns 100%. | ||||||||||||
| Morningstar UK Limited | United Kingdom | Morningstar Holland B.V. owns 100%. | ||||||||||||
| PitchBook Data Limited | United Kingdom | PitchBook Data, Inc. owns 100%. | ||||||||||||
| Sustainalytics UK Limited | United Kingdom | Sustainalytics B.V. owns 100%. | ||||||||||||
| Note A: Morningstar, Inc. owns less than 1% of this entity. | ||
| Note B: Corporate Fundamentals, Inc. and Morningstar Direct Investments Pty Limited each own less than 1% of this entity respectively. | ||