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Margaret Kirch Cohenmargaret.cohen@morningstar.com
Morningstar, Inc. to Announce Fourth Quarter, Full-Year 2005 Financial Results on Feb. 23

CHICAGO, Jan. 23, 2006 – Morningstar, Inc. (NASDAQ: MORN) today announced that it plans to report its fourth quarter and full-year 2005 financial results before the market opens on Thursday, Feb. 23, 2006. The company does not hold analyst conference calls; however, investors may submit written questions to Morningstar at investors@morningstar.com.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients. Morningstar provides data on more than 125,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 16 countries.

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©2006 Morningstar Inc.  All rights reserved.

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