Investors around the world know that they can count on Morningstar for honest and unbiased analysis of funds and investing trends in their region. Morningstar data appears in print, software and Internet products, data feeds and media publications all over the globe. Morningstar currently boasts operations in 17 countries and employs over 800 people worldwide.

Morningstar Canada is Canada's leading investment fund research firm. It markets the two most popular mutual fund software products, PALTrak and BellCharts, and operates the Morningstar.ca web site. In addition, Morningstar Canada provides analysis and consulting services for investment management, fund performance evaluation and pension plan governance.

Founded in 1988 as Portfolio Analytics Ltd., Toronto-based Morningstar Canada employs approximately 90 people. Morningstar Canada is the result of the acquisition in late 1999 of Portfolio Analytics and BellCharts Inc. by Chicago-based Morningstar Inc., the global investment firm in the United States. Morningstar Canada subsequently acquired BellCharts Inc. of Toronto. Founded in 1991, BellCharts Inc. has been an innovative leader in providing professional advisors, investors, and institutions with performance and holdings information on Canadian mutual funds. BellCharts revolutionized the presentation of comparative mutual fund performance through the use of floating bar charts for both compound and annual returns.

Data Feeds
Our robust databases can power research projects, marketing campaigns and investor communications.

Web sites
Third-party opinion and unbiased investing information are accessible through Morningstar.ca, which offers unique tools and editorial content to help investors assemble better portfolios and improve decisions regarding their holdings.

Co-branding
From our site to yours, our Web-based tools, such as Fund Quickrank and Fund Selector can be integrated within media and financial web sites. Clients can research mutual funds, surrounded by your design and content but powered by Morningstar.

Consulting
Morningstar offers an array of consulting products to meet the various needs of fund companies, insurance companies, retirement plan sponsors and asset management firms.

From the outset, Morningstar Canada's product and consulting orientation has been highly quantitative. These activities have resulted in Morningstar Canada concentrating its resources on financial data collection and organization, state-of-the-art computer technology and mathematical models on investment and investment performance.

Software developed by Morningstar Canada is in use throughout the world for analysis of investment manager performance. PALTrak and Advisor Workstation are Canada's leading mutual funds analysis software. This product is rapidly being adopted by Canada's leading banks, investment dealers, financial planners and institutional mutual fund sellers. In 1997, Morningstar Canada introduced Principia for Pooled Funds, a pooled funds version of the software to investment managers, investment consultants and pension fund sponsors.

Morningstar.ca was launched in February 2000 as the Canadian investor's primary source of mutual fund information. Articles, commentaries and analytical reports are designed to keep neophyte and veteran investors alike up to date on the latest trends and issues affecting the retail markets. The site's core strength lies in its ability to draw upon the combined power of the PALTrak and Advisor Workstation databases. Quicktakes and other analysis tools give site visitors access to Canada's most extensive mutual fund database. U.S. and global content is bolstered by Morningstar's international network.

The integrity of Morningstar Canada's database made it the natural platform for the Morningstar Five Star Rating system , the benchmark of mutual fund comparison. Morningstar Ratings offer investors a quick and easy way to identify funds that have produced strong risk-adjusted performance relative to their peers. Morningstar's Ratings are completely objective and unbiased. They tell how a fund has performed on a risk-adjusted basis relative to others in its category.

Morningstar Inc., the U.S. parent, has an extensive line of Internet, software, and print services offering news, data, and analysis on stocks, mutual funds, closed-end funds and variable annuities to individual and professional investors.