MORNINGSTAR INC. 2024-2025 Proxy Voting Records

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Bill Lyons

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Bill Lyons”): 35,439,407 for, 2,597,678 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,233,025 for, 616,911 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Caroline Tsay

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Caroline Tsay”): 37,410,173 for, 597,347 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,674,606 for, 175,330 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Cheryl Francis

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Cheryl Francis”): 36,202,671 for, 1,816,404 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,503,463 for, 346,473 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Doniel Sutton

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Doniel Sutton”): 37,568,715 for, 415,390 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,744,208 for, 105,458 against, 5,422 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Gail Landis

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Gail Landis”): 37,165,363 for, 840,524 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,674,606 for, 175,330 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Joe Mansueto

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Joe Mansueto”): 37,686,395 for, 351,383 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,780,311 for, 69,625 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Kunal Kapoor

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Kunal Kapoor”): 37,836,064 for, 201,546 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,844,118 for, 5,818 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Robin Diamonte

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Robin Diamonte”): 37,437,472 for, 567,384 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,674,194 for, 175,330 against, 5,152 abstained, 412 3 year.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Steve Joynt

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Steve Joynt”): 37,486,178 for, 550,723 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,660,463 for, 189,473 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: To elect ten directors nominated by the Company's Board of Directors to hold office until the next annual shareholders meeting and until their respective successors have been elected and qualified: Steve Kaplan

MORNINGSTAR INC.’s own tally for this item (“Elect Director: Steve Kaplan”): 36,060,614 for, 1,959,198 against, per its Form 8-K filed May 14, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 106 asset managers below reported 12,533,023 for, 316,913 against, 5,152 abstained.

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

Description as filed by funds: Advisory vote to approve executive compensation of the Company's named executive officers.

MORNINGSTAR INC.’s own tally for this item (“Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:”): 37,475,380 for, 547,563 against — passed, per its Form 8-K filed May 14, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of MORNINGSTAR INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (16 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “14A Executive Compensation” (5 managers, 892 for, 181 against, 25 unknown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 103 managers: 12,703,789 for, 130,617 against, 5,152 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 347 managers: 15,139,430 for, 434,612 against, 685 abstained, 14,880 not voted. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS MORNINGSTAR'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.

MORNINGSTAR INC.’s own tally for this item (“The appointment of KPMG as Morningstar's independent registered public accounting firm for 2025 was ratified with the voting as follows:”): 39,245,136 for, 184,581 against — passed, per its Form 8-K filed May 14, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The appointment of KPMG as Morningstar's independent registered public accounting firm for 2025 was ratified with the voting as follows:”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of MORNINGSTAR INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Ratify KPMG LLP as Auditors” (3 managers, 15,266 for).

The 104 asset managers below reported 12,834,380 for, 26 against, 5,152 abstained.

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.