MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

DENALI ADVISORS LLC's Holding History (CIK: 0001142941)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 24,500 Value ($000) $2,004 Avg Close $83.58 Range $76.57 - $89.44

Q1 2016

Shares 59,500 Value ($000) $5,252 Avg Close $79.71 Range $74.78 - $88.66

Q4 2015

Shares 15,100 Value ($000) $1,214 Avg Close $81.02 Range $77.61 - $84.99

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	24,500	$2,004	$83.58	$76.57 - $89.44
Q1 2016	59,500	$5,252	$79.71	$74.78 - $88.66
Q4 2015	15,100	$1,214	$81.02	$77.61 - $84.99