---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-25-000156"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2025-09-23T23:59:59+00:00"
generated_at: "2026-05-17T05:51:43.355626+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Morningstar acquires CRSP from University of Chicago for $375M

## Summary
- Deal includes CRSP Market Indexes, benchmarks for over $3 trillion in US equities.
- CRSP generates ~$55M in annual revenue; acquired to bolster Morningstar's index capabilities.
- Vanguard funds tracking CRSP indexes include VTSAX, VTI, VIMAX, VO.
- Closing expected Q4 2025, subject to customary conditions and regulatory approval.

## SEC filing metadata
- accession: 0001289419-25-000156
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2025-09-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000156/0001289419-25-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000156/morn-20250923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-25-000156
- JSON: https://secwatch.observer/filing/0001289419-25-000156.json
- Plain text: https://secwatch.observer/filing/0001289419-25-000156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.