MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

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

Q1 2017

Shares 22,586 Value ($000) $1,775 Avg Close $77.78 Range $72.85 - $81.97

Q4 2016

Shares 23,093 Value ($000) $1,699 Avg Close $73.51 Range $67.74 - $79.30

Q3 2016

Shares 26,598 Value ($000) $2,108 Avg Close $82.20 Range $73.84 - $85.49

Q1 2016

Shares 30,939 Value ($000) $2,731 Avg Close $79.71 Range $74.78 - $88.66

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	22,586	$1,775	$77.78	$72.85 - $81.97
Q4 2016	23,093	$1,699	$73.51	$67.74 - $79.30
Q3 2016	26,598	$2,108	$82.20	$73.84 - $85.49
Q1 2016	30,939	$2,731	$79.71	$74.78 - $88.66