Morningstar Introduces 'Personal Returns' on Morningstar.com, Providing Investors with a True Picture of Their Total Investment Performance
CHICAGO, Oct. 30 /PRNewswire-FirstCall/ -- Individuals can now obtain their own "personal returns" for stock and fund investments on Morningstar.com, an investment Web site. Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, introduced this new information today within Portfolio Manager, a Morningstar.com tool used by individuals to track and analyze their investment holdings. Personal returns give investors a true picture of their investment performance by taking into account all transactions and fees on an aggregated portfolio. Earlier this month the company introduced the Morningstar(R) Investor Return(TM), which estimates the return earned collectively by all investors in an open-end mutual fund or an exchange-traded fund. Morningstar's new personal returns give investors their individual performance and allow them to measure that performance over custom time periods. Personal returns, also known as internal rate of return, accounts for an individual's purchases, sales, fees, and asset growth. "The real world of investing is complicated -- people have multiple investments, buy and sell at different times, reinvest dividends, and move money among holdings. This makes it difficult to figure out how your entire portfolio is performing," said David Silva, editor of Morningstar.com. "Morningstar's new personal returns allow investors to get a true picture of their investment performance, and see how their individual holdings and decisions affect the value of their portfolio. We believe this is the only free Web-based tool available to investors that allows them to generate their personal return on their total stock and fund holdings." Registered users of Morningstar.com can access their personal returns at no charge in the newly created My Performance section of the site's Portfolio Manager tool. Portfolio Manager is under the Portfolio tab of Morningstar.com. Users who do not currently track their personal portfolios on Morningstar.com will be prompted to enter their holdings. Other new features of Portfolio Manager include the addition of multiple benchmark indexes and customizable performance periods. Now registered users can compare their portfolio performance to any one of 19 market benchmark indexes. They can also define the time period across which to measure their portfolio performance. About Morningstar, Inc. Morningstar, Inc. (Nasdaq: MORN) is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 145,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 13 countries and minority ownership interests in companies in three other countries. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements. Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in Morningstar's filings with the SEC, including Morningstar's Annual Report on Form 10-K for the year ended Dec. 31, 2005. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement you read in this press release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. 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SOURCE Morningstar, Inc.