MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

V-Square Quantitative Management LLC's Holding History (CIK: 0001943239)

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

Q4 2025

Shares 160 Value ($000) $35 Avg Close $216.57 Range $202.89 - $233.46

Q2 2025

Shares 93 Value ($000) $29 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 145 Value ($000) $43 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 139 Value ($000) $47 Avg Close $341.38 Range $312.59 - $365.00

Q3 2024

Shares 93 Value ($000) $30 Avg Close $310.75 Range $294.45 - $330.22

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	160	$35	$216.57	$202.89 - $233.46
Q2 2025	93	$29	$296.03	$250.34 - $316.71
Q1 2025	145	$43	$314.89	$278.64 - $338.50
Q4 2024	139	$47	$341.38	$312.59 - $365.00
Q3 2024	93	$30	$310.75	$294.45 - $330.22