Morningstar Direct Single Source Research Solution SM Andrew

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

Overview of Morningstar Direct 2

Breadth of Global Data 3

Investment Scorecard 4

Peer Analysis 5

Performance Attribution 6

Holdings and Returns Based Style Analysis 7

Document Library 8

Notes Manager 9

Fund Flow 10

Asset Allocation 11

Total Portfolio Attribution 12

Portfolio Analysis 13

Presentation Studio 14

Presentation Studio: Sample Output 15

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

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

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

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