Regulatory Disclosures

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  • Global Methodology
  • European Disclosures
  • South African Disclosures
  • Australian Disclosures
  • Regulated Entities

View governance documents, research integrity policies, and methodology documents and disclosures.


Compliance and Disclosures

Read the European Disclosure document.


Morningstar Investment Management Europe Best Execution Disclosure

Read disclosure and methodology documents, fact sheets, and guides for Australia. 


Morningstar Investment Management Product Disclosures


Morningstar Next Product Disclosures


Morningstar Australasia Pty Ltd Financial Services Guide


Morningstar Investment Management Australia Limited Financial Services Guide


Morningstar Equity and Credit Research Overview


Morningstar Multi-Sector Market Indices Fact Sheet Australia


Morningstar Equity Research Coverage


Morningstar Manager Research Overview


Safe Withdrawal Rates for Australian Retirees


Morningstar Exchange-Traded Fund Methodology


Morningstar Category Definitions Australia


Morningstar Category Definitions New Zealand


Morningstar's Approach to Credit Research


Morningstar Standard Performance Calculation Methodology


Morningstar Fund Research Overview


Listed Investment Companies (LICs) Research Methodology


Morningstar After-Tax Performance Calculation Methodology


Synthetic ETFs Under the Microscope: A Global Study


Morningstar Category Definitions


Morningstar Analyst RatingTM for Funds Fact Sheet


Morningstar RatingTM Methodology Fact Sheet


Morningstar Stock Sector Structure Fact Sheet


Morningstar Category Averages Australasia


Morningstar Global Equity Classification Structure


Morningstar® Equity Research Style and Content


Total Shareholder Return-Securities-Methodology


Morningstar Equities Research Team and Coverage


Morningstar MPT Statistics Methodology


Morningstar Equity Qualitative Research Process Fact Sheet


Morningstar Risk-Adjusted Return (MRAR) Fact Sheet


Morningstar Style BoxTM Fact Sheet


Morningstar New Zealand Portfolio Investment Entity (PIE) Performance Calculation Methodology


Morningstar Style BoxTM Methodology


Morningstar Standard Deviation and Sharpe Ratio Methodology


Is Your Fund Too Fat?


Morningstar Australian Multi-Sector Market Indices


Morningstar New Zealand and Multi-Sector Market Indices


Morningstar Rating for Australian Separate Accounts


Morningstar Hedge Fund Categories Methodology


Morningstar Fixed Income Style Box


Morningstar Classification Policy


Morningstar Investment Management Australia Ltd and Morningstar Australasia Pty Ltd hold Australian Financial Services Licences from the Australian Securities and Investments Commission. 



Morningstar Associates, Inc. is a registered portfolio manager with the securities commission in 10 Canadian provinces. 



Morningstar (Shenzhen) Ltd holds a Quantitative Fund Evaluation Licence issued by the Asset Management Association of China.



The Morningstar Investment Management Europe Limited Dubai Representative Office is regulated by the DFSA as a Representative Office.



Morningstar Investment Consulting France is a Financial Investment Advisory Company registered under number 13000326 with ORIAS and registered under number D003806 with the CNCIF, an Association approved by the AMF.


Morningstar Investment Consulting France, Société de conseil en investissements financiers, Immatriculée sous le n° 13000326 auprès de l’ORIAS, Enregistrée sous le n° D003806 auprès de la CNCIF, Association agréée auprès de l’AMF.


Hong Kong

Morningstar Investment Management Asia Limited holds a Type 4 (advising on securities) licence issued by the Securities and Futures Commission of Hong Kong.



Morningstar Investment Adviser India Private Limited is licensed and regulated by the Securities and Exchange Board of India as a Registered Investment Adviser.



Ibbotson Associates Japan, Inc., a wholly owned subsidiary of Morningstar, Inc., is registered as an Investment Adviser with the Financial Services Agency of Japan.



Morningstar Korea Ltd is licensed and regulated by the Financial Services Commission of Korea as a registered fund assessment company and a Quasi Investment Adviser.


New Zealand

Morningstar Research Limited and Morningstar Australasia Pty Limited are Registered Financial Service Providers with the Financial Markets Authority to provide wholesale and/or generic financial adviser services.



Morningstar Investment Adviser Singapore Pte Limited holds a financial adviser’s licence issued by the Monetary Authority of Singapore to provide financial advisory services pertaining to securities and collective investment schemes in Singapore.


South Africa

Morningstar Investment Management South Africa (Pty) Ltd is an authorised financial services provider (FSP 45679) regulated by the Financial Services Conduct Authority. 


United Kingdom

Morningstar Investment Management Europe Limited is authorised and regulated by the Financial Conduct Authority to provide services to Professional clients. 


United States

Morningstar Investment Management LLC, Morningstar Investment Services LLC, and Morningstar Research Services LLC are registered with and governed by the United States Securities and Exchange Commission.


Morningstar Credit Ratings, LLC is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO) and is a subsidiary of Morningstar, Inc.