1. © 2009 Morningstar, Inc. All rights reserved. Morningstar Direct SM Single Source Research Solution Andrew Small- Regional Sales Director

2. 2 Overview of Morningstar Direct

3. 3 Breadth of Global Data

4. 4 Investment Scorecard

5. 5 Peer Analysis

6. 6 Performance Attribution

7. 7 Holdings and Returns Based Style Analysis

8. 8 Document Library

9. 9 Notes Manager

10. 10 Fund Flow

11. 11 Asset Allocation

12. 12 Total Portfolio Attribution

13. 13 Portfolio Analysis

14. 14 Presentation Studio

15. 15 Presentation Studio: Sample Output

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17. 17 Morningstar Direct Capabilities for Asset Managers Product Management, Business Development, Reporting × Presentation Studio (Pitch books and factsheets with publishing option) × Asset Flows & Market Share × Peer Group Analysis × Holdings analytics: portfolio attribution and holdings-based style analysis × Sub Advisory/Fund of Fund/VA/Brokerage availability opportunities × Line-Up or Peer Group Reporting × Morningstar Publications Portfolio Management × Fundamental Company Database × Attribution × Real-time Data × Advanced Optimization Methodologies × Automated Custodian/Back Office File Imports × SEC Filings

18. 18 Morningstar Direct Capabilities for Institutional Investors Manager Search and Due Diligence × Manager Data × Global Investment Databases (HF, SA, ETF…) × Investment Scorecard and Peer analysis × Performance Attribution × Holdings-and Returns Based Style Analysis × Analyst Commentaries: Investments and Markets × SEC Filings (Document Library) × Notes Manager Portfolio Management × Asset Allocation × Portfolio Construction: Holdings and returns based optimization × Total Portfolio Attribution × Portfolio Analysis × Automated Custodian/Back Office File Imports × Report Portal (distribution option for consultants)

19. 19 For more information Visit: http://global.morningstar.com/MorningstarDirect Email: information@morningstar.com Phone: 866-910-0840 Brian West Sales Director – Consultants/Wealth Managers Tel: 312-384-4983 Email: brian.west@morningstar.com Andrew Small Sales Director – Asset Management Tel: 312-384-3938 Email: andrew.small@morningstar.com

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