Morningstar, Inc. to Announce Second-Quarter 2009 Financial Results on July 30

CHICAGO, June 30 /PRNewswire-FirstCall/ -- Morningstar, Inc. (Nasdaq: MORN)
today announced that it plans to report its second-quarter 2009 financial
results after the market closes on Thursday, July 30, 2009. 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
North America, Europe, Australia, and Asia. The company offers an extensive
line of Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar provides data
on more than 300,000 investment offerings, including stocks, mutual funds, and
similar vehicles, along with real-time global market data on more than 4
million equities, indexes, futures, options, commodities, and precious metals,
in addition to foreign exchange and Treasury markets. The company has
operations in 19 countries and minority ownership positions in companies based
in three other countries.

Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements as that term is used in
the Private Securities Litigation Reform Act of 1995. These statements are
based on our current expectations about future events or future financial
performance. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, and often contain words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue." These statements involve
known and unknown risks and uncertainties that may cause the events we
discussed not to occur or to differ significantly from what we expected. For
us, these risks and uncertainties include, among others, general industry
conditions and competition, including the global financial crisis that began
in 2007; the impact of market volatility on revenue from asset-based fees;
damage to our reputation resulting from claims made about possible conflicts
of interest; liability for any losses that result from an actual or claimed
breach of our fiduciary duties; financial services industry consolidation; a
prolonged outage of our database and network facilities; challenges faced by
our non-U.S. operations; and the availability of free or low-cost investment
information. A more complete description of these risks and uncertainties can
be found in our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31, 2008. If any of
these risks and uncertainties materialize, our actual future results may vary
significantly from what we expected. We do not undertake to update our
forward-looking statements as a result of new information or future events.

(C) 2009 Morningstar, Inc. All rights reserved.

Media Contact: Nadine Youssef, 312-696-6601 or
nadine.youssef@morningstar.com
Investors: Please submit questions to investors@morningstar.com or by
fax to 312-696-6009.

SOURCE Morningstar, Inc.

Media, Nadine Youssef, +1-312-696-6601, nadine.youssef@morningstar.com, or
Investors, investors@morningstar.com, fax, +1-312-696-6009, both of
Morningstar, Inc.