Morningstar Library Edition Adds New Features, Changes Name

CHICAGO, Feb. 13, 2008 —Morningstar, Inc., (NASDAQ: MORN), a leading provider of independent investment research, today announced that it has created new tools and content for its database developed exclusively for libraries and library users. To better reflect the new, expanded content and educational tools, Morningstar Library Edition will now be known as Morningstar Investment Research Center.

Morningstar Investment Research Center is based on Morningstar’s investment Web site, Morningstar.com, and offers proprietary stock and mutual fund analysis and financial data, screening tools, and portfolio-building features to public, academic, corporate, and military libraries.

New enhancements to Morningstar Investment Research Center include:

Industry Data. This entirely new area enables users to obtain return data on various indexes, sectors,
industries, and fund categories:

  • Morningstar, Domestic, Bond, Municipal, and Foreign Indexes
  • 12 sectors, from business services to utilities
  • 59 fund categories
  • 129 stock industries
Industry Reports. Investors will gain perspective with Morningstar’s quarterly assessments of specific industries, broad sectors, and the overall market.

Expanded Help and Education Area. This section now features material to help investors understand how they might use specialized investments such as options, exchange-traded funds (ETFs), and closed-end funds in their portfolios.

COUNTER-Compliant Usage Tracking Reports. Morningstar Investment Research Center now offers COUNTER (Counting Online Usage of Networked Electronic Resources), a standardized way for libraries to track the logins and searches of their users. Libraries can now easily compare Morningstar Investment Research Center usage ith that of other databases. COUNTER provides 24 months of data, is updated monthly, and is audited annually.

“With the enhancements to Morningstar Investment Research Center, we have increased the amount of financial information we provide to library users, while also improving the way we present that information. Our priority is for people to easily find what they’re looking for in Morningstar Investment Research Center,”
says Susan Dziubinski, director of library services for Morningstar.

“We are also very pleased to offer the COUNTER system, which will allow library staff to monitor how patrons use Morningstar Investment Research Center, and compare statistics with other databases with ease,” Dziubinski added.

Morningstar is hosting a webinar to walk librarians through the new and enhanced site on February 21st at 11 a.m. CST. Librarians can learn more information about the webinar by calling Morningstar Library Services at 866-215-2509.

For the media: Please contact Courtney Goethals Dobrow (courtney.dobrow@morningstar.com) if you would like to schedule an overview of Morningstar Investment Research Center.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 260,000 investment offerings, including stocks, mutual funds, separate accounts, hedge funds, and similar vehicles. The company has operations in 18 countries and minority ownership positions in companies based in three other countries.

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