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Martha Conlon Mossmartha.moss@morningstar.com
Morningstar Introduces Online Due Diligence Center for Financial Advisors

CHICAGO, Apr 05, 2001 – Morningstar Inc. today announced it has introduced an online Due Diligence Center on its newly redesigned Web site, www.MorningstarAdvisor.comSM, offering financial advisors a free searchable database of nearly 100 investment Due Diligence Questionnaires (DDQs) from a growing list of mutual-fund companies. The Due Diligence Questionnaires contain responses from fund companies and fund managers to questions regarding investment philosophies, styles, and strategies. 

"Our Due Diligence Center houses the largest collection of searchable Due Diligence Questionnaires in the industry," said Chris Boruff, president of Morningstar's Advisor business unit. "Advisors can now search for specific mutual funds by name, Morningstar Category, or Morningstar® Style BoxTM classification, or link to this information directly from their Morningstar® Principia® Pro software, to locate mutual-fund Due Diligence Reports in a matter of seconds. This will save advisors additional time and frustration from culling numerous Web sites for crucial information. We believe our Due Diligence Questionnaires will become the industry standard for this qualitative level of research and expect to gather more DDQs from all the major institutions as soon as possible." 

MorningstarAdvisor.com's new online Due Diligence Center helps financial advisors streamline the process of researching and selecting investment products by providing an additional level of qualitative information to augment the quantitative information for which Morningstar is best known. Each institution is asked the same questions about its general philosophy and specific strategies associated with its mutual funds, closed-end funds, and variable annuity subaccounts. The standardized questionnaire allows for direct comparisons among the firms and their investment products. 

Fund companies that are currently participating in Morningstar's new online Due Diligence Center include:

  • Alleghany Funds             
  • Alliance Capital Management             
  • Baron Funds             
  • Firsthand Funds             
  • Janus             
  • Lend Lease Funds             
  • Northern Funds             
  • RS Investment Management             
  • Selected Funds             
  • TIAA-CREF             
  • U.S. Global             
  • Warburg Pincus             
  • William Blair Funds             
  • Zurich Scudder Investments

DDQs from other institutions, including Mercury Funds, PIMCO Funds, Pioneer, and Tweedy Browne, will be available in the next few months.

Morningstar is adding a direct link from Morningstar Principia Pro investment management software to the Due Diligence Questionnaires and other reports on MorningstarAdvisor.com. A single click takes advisors directly from an investment in the Morningstar Principia Pro database to its corresponding online Due Diligence Report.

"We believe that the direct link from Morningstar Principia Pro will truly make this due-diligence information an integrated part of an advisor's investment-research process and speaks to the progress we're making in bringing our various products and services together to form the focal point of investment planning," Boruff added.

Institutions that are interested in participating in Morningstar's Due Diligence Center may call Julianna Dinehart at 312-696-6240 or e-mail julianna.dinehart@morningstar.com for more information. 

About Morningstar
Chicago-based Morningstar Inc. is a leading, independent provider of investment information and analytical tools. Morningstar supplies a variety of products and services to professional investment advisors, including Morningstar® Principia® Pro investment management software, Morningstar Mutual Funds™, the annual Morningstar Investment Conference, and the Morningstar Professional Education Series

Morningstar's Web site for advisors, www.MorningstarAdvisor.comSM, offers Morningstar Reports on more than 24,000 stocks, mutual funds, exchange-traded funds, and variable/annuity subaccounts. 

Morningstar does not own, operate, or hold any interest in investment products

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