Business
Morningstar Completes Acquisition of CRSP and Extends Relationship with Vanguard
CHICAGO, February 02, 2026--Morningstar completes the CRSP acquisition, uniting two trusted sources of market insight & positioning Morningstar as a top-tier index provider.
About this update from Morningstar, Inc.
[{"type":"text","content":"The CRSP integration unites two trusted sources of market insight, reinforcing a shared commitment to transparency, quality, and investor-focused solutions and solidifying Morningstar’s position as a top-tier global index provider.","length":231,"tagName":"p"},{"type":"text","content":"CHICAGO, February 02, 2026--(BUSINESS WIRE)--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights, has completed its previously announced acquisition of the Center for Research in Security Prices (CRSP), a premier provider of historical stock market data and indexes, from the University of Chicago, for $365 million, subject to customary adjustments.","length":386,"tagName":"p"},{"type":"text","content":"The acquisition of CRSP brings the CRSP Market Indexes, benchmarks for over $3 trillion in U.S. equities spanning market capitalizations, investment styles, and sectors, into the Morningstar Indexes family, making Morningstar the leading provider of broad US-equity benchmarks that cover the entire market and are the mainstay of retirement plans in the US. Long favored and popularized by the late Jack Bogle for their comprehensive coverage of the "total market," their unique methodology has been shown to lower transaction costs for investors.","length":557,"tagName":"p"},{"type":"text","content":"The CRSP indexes will be rebranded under the Morningstar name. Additionally, the CRSP Research Data Products, known for their research quality, academic rigor, historical depth and accuracy, further strengthen Morningstar’s research and data capabilities for a wider set of clients and markets.","length":294,"tagName":"p"},{"type":"text","content":"Morningstar also announced today an agreement with Vanguard that confirms the continued use of CRSP indexes to underpin a range of Vanguard funds, including the Vanguard Total Stock Market Index Fund (VTSAX and VTI), and Vanguard Mid-Cap Index Fund (VIMAX and VO).","length":264,"tagName":"p"},{"type":"text","content":""The addition of CRSP furthers our efforts to disrupt the costly, entrenched index industry with indexes that deliver more value at global scale to benefit investors. With over $4.2 trillion in assets linked, including over 370 investment products, Morningstar offers a better alternative to legacy index providers," said Amelia Furr, president of ...