EXHIBIT 21.1
The information below is presented as of February 26, 2016. 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 Morningstar, Inc.
Subsidiary | Jurisdiction of Formation | |
Corporate Fundamentals, Inc. | Delaware | |
HelloWallet Holdings, Inc. | Delaware | |
HelloWallet, LLC (1) | Delaware | |
Morningstar Global LLC | Delaware | |
Morningstar Investment Management LLC | Delaware | |
Morningstar Investment Services LLC (2) | Delaware | |
Morningstar Commodity Data, Inc. | Illinois | |
Morningstar Credit Ratings, LLC | Pennsylvania | |
Ibbotson Pty Limited (3) | Australia | |
Ibbotson Associates Australia Limited (4) | Australia | |
Morningstar Australasia Pty Limited (5) | Australia | |
Morningstar Direct Investments (6) | Australia | |
Morningstar Group Australia Pty Limited (7) | Australia | |
Morningstar Brazil Financial Information Ltda. (7) | Brazil | |
Morningstar Associates, Inc. (8) | Canada | |
Morningstar Canada Group, Inc. (7) | Canada | |
Morningstar Research, Inc. (8) | Canada | |
Servicios Morningstar Chile Ltd. (7) | Chile | |
Morningstar Research (Shenzhen) Ltd. (9) | China | |
Morningstar Danmark A/S (10) | Denmark | |
Morningstar Danmark Holdings Aps (7) | Denmark | |
Morningstar France Holding SAS (7) | France | |
Morningstar France Fund Information SARL (11) | France | |
Seeds Group SAS (11) | France | |
Morningstar Investment Consulting France SAS (12) | France | |
Morningstar Deutschland GmbH (7) | Germany | |
Morningstar Asia, Ltd. (7) | Hong Kong | |
Morningstar Investment Management Asia Limited (2) | Hong Kong | |
Morningstar India Private Limited (13) | India | |
Morningstar Investment Adviser India Private Limited (2) | India | |
Morningstar Italy, S.R.L. (7) | Italy | |
Ibbotson Associates Japan K.K. (2) | Japan | |
Morningstar Korea, Ltd. (14) | Korea | |
Morningstar Associates Korea Co., Ltd. (15) | Korea | |
Morningstar Luxembourg SARL (7) | Luxembourg | |
Investigaciones MS Mexico, S. de R.L. de C.V. (7) | Mexico |
EXHIBIT 21.1
Servicios MStar Global, S. de R.L. de C.V. (7) | Mexico | |
Morningstar Europe, B.V. (16) | The Netherlands | |
Morningstar Holland, B.V. (17) | The Netherlands | |
MStar Holdings C.V. | The Netherlands | |
Morningstar Research Limited (5) | New Zealand | |
Morningstar Norge AS (7) | Norway | |
Morningstar Research PTE Limited (9) | Singapore | |
Morningstar Research (Proprietary) Limited (7) | South Africa | |
Morningstar Investment Management South Africa (Pty) Limited (2) | South Africa | |
Morningstar Network, S.L. (7) | Spain | |
Morningstar HoldCo AB (7) | Sweden | |
Morningstar Sweden AB (18) | Sweden | |
Morningstar Switzerland GmbH (7) | Switzerland | |
Morningstar Research Thailand Limited | Thailand | |
Morningstar (Dubai) LLC (7) | United Arab Emirates | |
Morningstar Investment Management Europe Limited (2) | United Kingdom | |
Morningstar Europe, Ltd. (7) | United Kingdom | |
Morningstar U.K., Ltd. (7) | United Kingdom | |
Morningstar Real-Time Data Limited (19) | United Kingdom |
(1) HelloWallet Holdings, Inc. owns 100%.
(2) Morningstar Investment Management LLC owns 100%.
(3) Morningstar Australasia Pty Limited owns 100%.
(4) Ibbotson Pty Limited owns 100%.
(5) Morningstar Direct Investments owns 100%.
(6) Morningstar Group Australia owns 100%.
(7) Morningstar Holland B.V. owns 100%.
(8) Morningstar Canada Group, Inc. owns 100%.
(9) Morningstar Asia, Ltd. owns 100%.
(10) Morningstar Danmark Holdings Aps owns 100%.
(11) Morningstar France Holding SAS owns 100%.
(12) Seeds Group SAS owns 100%.
(13) Corporate Fundamentals, Inc. owns 100%.
(14) Morningstar, Inc. owns 80%.
(15) Morningstar Korea, Ltd. owns 100%.
(16) MStar Holdings C.V. owns 100%.
(17) Morningstar Europe, B.V. owns 100%.
(18) Morningstar HoldCo AB owns 100%.
(19) Morningstar U.K., Ltd. owns 100%.