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Monthly Investor Q&A

November 8, 2019

Given the growth in Pitchbook, could you please provide an update on the profitability of this segment? Is it EBITDA positive yet?

November 8, 2019

Morningstar Indexes has shown impressive growth. Can you provide any additional detail on the major drivers of growth in assets linked to Morningstar Indexes? Since inception, what percentage of growth comes from your free offerings vs. your specialized indexes? Where do you believe you can take this opportunity longer term?

November 8, 2019

Morningstar Advisor Workstation seems to have lagged growth in other license products such as Data and Direct. Why is this? Was there something unusual in the prior year that led to the challenging comparison in Q3’19?

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