Morningstar

Terms and Conditions




Skip to Content <ul> <li> Morningstar brands and products </li> <li> Company </li> </ul> <ul> <li> About <ul> <li> Who We Are </li> <li> Careers </li> <li> Diversity, Equity, &amp. Inclusion </li> <li> Corporate Sustainability </li> <li> Privacy </li> </ul> </li> <li> Events <ul> <li> Morningstar Investment Conference - US </li> <li> Morningstar Investment Conference - Global </li> <li> Awards </li> <li> Webinars </li> </ul> </li> <li>Newsroom</li> <li>Investor Relations</li> </ul> English French Terms and Conditions <p> <strong>Copyright&nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp;</strong> <br>All information available through this website (Website) is the property of Morningstar, Inc. or one of its subsidiary companies (individually and collectively, Morningstar) and is protected by copyright and other intellectual property laws. All rights reserved.</p> <p>You are granted only a limited, non-exclusive, revocable license to access the Website and to use this information solely for your private, non-commercial purposes. For avoidance of doubt, you may not reproduce, retransmit, disseminate, sell, publish, broadcast, or circulate&nbsp;this information or use it in conjunction with creating, promoting, trading, or marketing any investment product without the prior, express written consent of the Morningstar company operating the Website.</p> <p> <strong>Trademarks&nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp;</strong> <br>All trademarks used in conjunction with any Morningstar product or service are the property of Morningstar, Inc.&nbsp. Morningstar, Inc., also owns trademark registrations on the Morningstar name, Morningstar logo, and certain other Morningstar marks. All other marks appearing on this Website are the property of their respective owners. Morningstar products/services made available in countries other than the United States are provided through one or more operating subsidiaries of Morningstar, Inc.&nbsp;&nbsp. &nbsp. &nbsp. &nbsp. &nbsp;</p> <p> <strong>Nature of Service&nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp;&nbsp;</strong> <br>This Website contains information, including, without limitation, statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific securities or investment advice of any kind do not constitute an offer to buy or sell securities and are not intended to constitute investment advice of any kind. The past performance of an investment or investment strategy cannot guarantee its future performance.&nbsp;&nbsp;</p> <p> <strong>Disclaimers&nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp. &nbsp;&nbsp;</strong> <br>Neither any Morningstar company nor any of its information providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the information on this website, including, but not limited to, information originated by any Morningstar company, licensed by any Morningstar company from information providers, or gathered by any Morningstar company from other third-party sources (e.g., publicly available sources). There may be delays, omissions, or inaccuracies in the information.<br> </p> <p>NEITHER ANY OF THE MORNINGSTAR COMPANIES NOR ANY OF THEIR INFORMATION PROVIDERS SHALL HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE FOR (i) THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED ON IT OR THROUGH THIS WEBSITE. (ii) THE PERFORMANCE OF ANY SOFTWARE, PRODUCTS OR SERVICES AVAILABLE ON OR THROUGH THIS WEBSITE. (iii) ANY INTERRUPTION IN YOUR BEING ABLE TO ACCESS ANY OF THE FOREGOING OR ANY OTHER ASPECT TO THE WEBSITE. OR (IV) ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON ANY OF THEM.&nbsp. THE PAST PERFORMANCE OF AN INVESTMENT OR INVESTMENT STRATEGY DOES NOT GUARANTEE ITS FUTURE PERFORMANCE.&nbsp;<br> </p> <p>NEITHER ANY OF THE MORNINGSTAR COMPANIES NOR ANY OF THEIR INFORMATION PROVIDERS MAKE ANY REPRESENTATION OR WARRANTY ABOUT THE SUITABILITY OF THE INFORMATION, SOFTWARE, PRODUCTS, OR SERVICES CONTAINED IN OR REFERENCED ON THIS WEBSITE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES ARE MADE AVAILABLE "AS IS" WITHOUT WARRANTY OF ANY KIND. PRODUCT/SERVICE SPECIFICATIONS AND PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE.</p> <p> <strong>Privacy&nbsp. &nbsp. &nbsp;</strong> </p> <p>Morningstar’s use of any personally identifiable information provided by You through any access or use of the Website is governed by Morningstar’s Privacy Policy, a copy of which may be accessed here.&nbsp;<br> </p> <br> <br>Morningstar RSS Terms and Conditions&nbsp;<br> <p>Your use of any Morningstar RSS Feed is subject to the Morningstar.com Terms and Conditions and to these Morningstar RSS Terms and Conditions.</p> <p>You may only display Morningstar content, including but not limited to the RSS feed, article text, links, titles, bylines, attributions, logos, or images (collectively, “Morningstar content”) as well as any embedded third-party content, such as advertising, in the form provided to you by Morningstar. You may not modify, translate, reformat or remove Morningstar content or third-party content.&nbsp;</p> <p>If you provide links to Morningstar articles, you may only link directly to Morningstar.com, and you may not require readers to visit any intermediate content or sites, including but not limited to your content or advertising content.&nbsp;&nbsp;</p> <p>You may not use Morningstar content in a manner that competes with Morningstar products or could serve as a substitute to or otherwise diminish the value of any Morningstar product.&nbsp;</p> <p>You may not use the Morningstar RSS Feed for commercial gain, which includes, but is not limited to, receiving payment for access to the Morningstar RSS Feed or receiving advertising revenue in connection with the Morningstar RSS Feed.&nbsp;</p> <p>You may not display Morningstar content on any site or in any way that could reasonably damage Morningstar’s brand or reputation, including on any site that demeans or harasses any person on the basis of that person’s immutable or protected characteristics, pornography sites, sites that violate any person’s intellectual property rights, or sites that engage in unlawful activity.&nbsp. &nbsp;</p> <p>Upon our request, we reserve the right to have you remove the Morningstar RSS feed. We may terminate your access to the RSS feed for any reason.&nbsp;</p> <p>Morningstar retains all ownership rights in the Morningstar RSS Feed and Morningstar content.&nbsp;</p> <br> <br> Transparency is our policy. Learn how it impacts everything we do. Read More <p>Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. </p> <p>We’d like to share more about how we work and what drives our day-to-day business.</p> How we make money <p>We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. <br> </p> <p> </p> How we use your personal data <p>How we use your information depends on the product and service that you use and your relationship with us. We may use it to:</p> <ul> <li>Verify your identity, personalize the content you receive, or create and administer your account.</li> <li>Provide specific products and services to you, such as portfolio management or data aggregation.</li> <li>Develop and improve features of our offerings.</li> <li>Gear advertisements and other marketing efforts towards your interests.</li> </ul> <p>To learn more about how we handle and protect your data, visit our privacy center.</p> How we approach editorial content <p>Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.</p> <p>To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.</p> <p>Read our editorial policy to learn more about our process.</p> <ul> <li>What We Do </li> <li> For Business </li> </ul> <ul> <li>Insights </li> <li> Morningstar Magazine </li> <li> Newsletters </li> <li> Podcasts </li> <li> Trending Research </li> <li> Investing Dictionary </li> </ul> <ul> <li>About Us </li> <li> Our Story </li> <li> Careers </li> <li> Our Signature Methodologies </li> <li> Global Contacts </li> </ul> <ul> <li>Get Help </li> <li> Help Center </li> <li> joe@morningstar.com </li> <li> Discussion Forums </li> <li> Advertising Opportunities </li> </ul> United States <p>© Copyright 2023 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&amp;P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. <br>This site is protected by reCAPTCHA and the Google&nbsp;Privacy Policy and Terms of Service apply.</p> <ul> <li> Terms and Conditions </li> <li> Privacy Center </li> <li> Disclosures </li> <li> Member User Agreement </li> <li> Corrections </li> <li> Cookies </li> <li> Accessibility </li> <li>Cookies Settings</li> </ul> Privacy Preference CenterWhen you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. <br>More informationAllow All Manage Consent PreferencesEssential CookiesAlways Active<p>Essential cookies are necessary for our website to function and must remain on. They are usually placed when you take specific actions, such as signing in, filling out a form, or changing your privacy settings. You can set your browser to block or alert you about these cookies, but some parts of the site will not work.</p>Cookies Details‎Functional CookiesAlways Active<p>These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.</p>Cookies Details‎Performance CookiesAlways Active<p>Performance cookies help us gather data on how visitors use our site, so we can measure and improve how it performs. They help us understand which pages are the most and least popular and see how visitors move around the site. If you do not allow performance cookies, we won’t know when you visited our site and won’t be able to monitor its performance.</p>Cookies Details‎Targeting CookiesAlways Active<p>Targeting cookies may be placed on our site by our advertising partners. They are often used by those companies to build a profile of your interests and show you relevant advertisements on other sites. They do not directly store personal information by uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less-targeted advertising.</p>Cookies Details‎Back ButtonCookie List<p> </p> Search IconFilter IconClear checkbox label labelApply CancelConsent Leg.Interest checkbox label label checkbox label label checkbox label label<ul> </ul>Reject All Confirm My Choices Give Feedback





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