Exhibit 21.1
The information below is presented as of December 31, 2005.
Except as specifically indicated below, Morningstar, Inc. holds, directly or indirectly, a 100% interest in each entity listed below. Some inactive subsidiaries have been omitted.
Subsidiaries of the Registrant |
| Jurisdiction of Formation |
Morningstar Associates, LLC |
| Delaware |
Morningstar Investment Services, Inc. |
| Delaware |
mPower Advisors, LLC |
| Delaware |
mPower.com, Inc. |
| Delaware |
Morningstar Research Pty Limited (Morningstar Australia) |
| Australia |
Morningstar Canada Group, Inc. |
| Canada |
Morningstar Research, Inc. |
| Canada |
Morningstar Asia, Ltd. |
| China |
Morningstar Research (Shenzhen) Ltd. |
| China |
Morningstar Danmark A/S (1) |
| Denmark |
SAS Morningstar France (2) |
| France |
Morningstar Deutschland GmbH (3) |
| Germany |
Morningstar Italy, S.R.L. (2) |
| Italy |
Morningstar Japan, K.K. (4) |
| Japan |
Morningstar Korea, Ltd. (5) |
| Korea |
Morningstar Research Limited (Morningstar New Zealand)(6) |
| New Zealand |
Morningstar Norge AS (2) |
| Norway |
Morningstar Europe, N.V. (7) |
| The Netherlands |
Morningstar Holland, B.V. (2) |
| The Netherlands |
Morningstar Portugal Unipessoal LDA (2) |
| Portugal |
Morningstar Network, S.L. (3) |
| Spain |
Morningstar Europe, A.B. (2) |
| Sweden |
Morningstar Sweden (Fondstar) AB (1) |
| Sweden |
Morningstar Europe, Ltd. (2) |
| United Kingdom |
Morningstar U.K., Ltd. (2) |
| United Kingdom |
(1) Morningstar Europe, N.V. owns approximately 25%.
(2) Morningstar Europe, N.V. owns 100%.
(3) Morningstar Holland, B.V. owns 100%.
(4) Morningstar, Inc. owns approximately 35%.
(5) Morningstar, Inc. owns 40%.
(6) Morningstar Research Pty Limited owns 100%
(7) Morningstar, Inc. owns approximately 98%.
