EXHIBIT 21.1
The information below is presented as of March 1, 2018. 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 | |
Morningstar Global LLC | Delaware | |
Morningstar Investment Management LLC | Delaware | |
Morningstar Investment Services LLC (1) | Delaware | |
Morningstar Research Services LLC | Delaware | |
Pitchbook Data, Inc. | Delaware | |
RequiSight, LLC | Delaware | |
Morningstar Commodity Data, Inc. | Illinois | |
InvestSoft Technology, Inc. | Massachusetts | |
Morningstar Credit Ratings, LLC | Pennsylvania | |
Ibbotson Pty Limited (2) | Australia | |
Morningstar Investment Management Australia Limited (3) | Australia | |
Morningstar Australasia Pty Limited (4) | Australia | |
Morningstar Direct Investments (5) | Australia | |
Morningstar Group Australia Pty Limited (6) | Australia | |
Morningstar Brazil Financial Information Ltda. (6) | Brazil | |
Morningstar Associates, Inc. (7) | Canada | |
Morningstar Canada Group, Inc. (6) | Canada | |
Morningstar Research, Inc. (7) | Canada | |
Servicios Morningstar Chile Ltd. (6) | Chile | |
Morningstar (Shenzhen) Ltd. (8) | China | |
Morningstar Danmark A/S (9) | Denmark | |
Morningstar Danmark Holdings Aps (6) | Denmark | |
Morningstar France Holding SAS (6) | France | |
Morningstar France Fund Information SARL (10) | France | |
Morningstar Investment Consulting France SAS (10) | France | |
Morningstar Deutschland GmbH (6) | Germany | |
Morningstar Asia, Ltd. (6) | Hong Kong | |
Morningstar Investment Management Asia Limited (1) | Hong Kong | |
Morningstar India Private Limited (11) | India | |
Morningstar Investment Adviser India Private Limited (1) | India | |
Morningstar Italy, S.R.L. (6) | Italy | |
Ibbotson Associates Japan K.K. (1) | Japan | |
Morningstar Korea, Ltd. | Korea | |
Morningstar Luxembourg SARL (6) | Luxembourg | |
Investigaciones MS Mexico, S. de R.L. de C.V. (6) | Mexico |
EXHIBIT 21.1
Servicios MStar Global, S. de R.L. de C.V. (6) | Mexico | |
Morningstar Europe, B.V. (12) | The Netherlands | |
Morningstar Holland, B.V. (13) | The Netherlands | |
MStar Holdings C.V. | The Netherlands | |
Morningstar Research Limited (4) | New Zealand | |
Morningstar Norge AS (6) | Norway | |
Morningstar Investment Adviser Singapore Pte Limited (8) | Singapore | |
Morningstar Research Pte Limited (8) | Singapore | |
Morningstar Research (Proprietary) Limited (6) | South Africa | |
Morningstar Investment Management South Africa (Pty) Limited (1) | South Africa | |
Morningstar Network, S.L. (6) | Spain | |
Morningstar HoldCo AB (6) | Sweden | |
Morningstar Sweden AB (14) | Sweden | |
Morningstar Switzerland GmbH (6) | Switzerland | |
Morningstar Research Thailand Limited | Thailand | |
Morningstar (Dubai) LLC (6) | United Arab Emirates | |
Morningstar Investment Management Europe Limited (1) | United Kingdom | |
Morningstar Europe, Ltd. (6) | United Kingdom | |
Morningstar U.K., Ltd. (6) | United Kingdom | |
Morningstar Real-Time Data Limited (15) | United Kingdom | |
Pitchbook Data Limited (16) | United Kingdom |
(1) Morningstar Investment Management LLC owns 100%.
(2) Morningstar Australasia Pty Limited owns 100%.
(3) Ibbotson Pty Limited owns 100%.
(4) Morningstar Direct Investments owns 100%.
(5) Morningstar Group Australia owns 100%.
(6) Morningstar Holland B.V. owns 100%.
(7) Morningstar Canada Group, Inc. owns 100%.
(8) Morningstar Asia, Ltd. owns 100%.
(9) Morningstar Danmark Holdings Aps owns 100%.
(10) Morningstar France Holding SAS owns 100%.
(11) Corporate Fundamentals, Inc. owns 100%.
(12) MStar Holdings C.V. owns 100%.
(13) Morningstar Europe, B.V. owns 100%.
(14) Morningstar HoldCo AB owns 100%.
(15) Morningstar U.K., Ltd. owns 100%.
(16) Pitchbook Data, Inc. owns 100%.