Morningstar Indexes
Provider 
Founded 1984
Sells To Individuals, Institutional
Pricing Model Subscription
Ownership Government-owned, Public

Morningstar Indexes is a benchmark and index-licensing service spanning equity, fixed income, sustainability, and custom institutional indexes.
Morningstar Indexes designs, calculates, and licenses benchmarks across equities, fixed income, sustainability, and multi-asset strategies for asset managers, wealth managers, ETF issuers, and institutional investors. The catalog spans US Core Bond, Global Treasury, Global Markets Sustainability, and themed strategy indexes, plus custom benchmarks tailored to client methodologies and corporate intellectual property.
The service builds on Morningstar's research datasets and ratings methodology and is closely tied to the company's index-services offering, which lets firms transform proprietary research into a licensable index. In 2026 the franchise expanded materially through Morningstar's acquisition of CRSP, the long-running US equity benchmark provider behind several Vanguard funds.
| Attribute | Morningstar Indexes | MSCI Indexes | S&P Dow Jones Indices | |
|---|---|---|---|---|
| Provider | ||||
| Founded | 1984 | 1969 | 1888 | |
| Sells To | Individuals, Institutional | — | Enterprise, Government | |
| Pricing Model | Subscription | — | Data Licensing | |
| Ownership | Government-owned, Public | Private equity-backed | Public |
Provider 
Founded 1984
Sells To Individuals, Institutional
Pricing Model Subscription
Ownership Government-owned, Public
Founded 1969
Sells To —
Pricing Model —
Ownership Private equity-backed
Provider 
Founded 1888
Sells To Enterprise, Government
Pricing Model Data Licensing
Ownership Public


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