Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company works directly with investors and financial advisors to create products that help them meet their personal financial goals, providing the most reliable and pertinent information available on investment vehicles across industries.
Morningstar provides data on approximately 500,000 investment offerings, including U.S. stocks and mutual funds, along with real-time global market data on more than 14 million equities and indexes, as well as foreign exchange and Treasury markets. Learn more at www.morningstar.com.
Under Morningstar’s Global Equity Classification Structure, each equity is mapped into one of 148 industries that most accurately reflects the underlying business of that company. This mapping is based on publicly available information about each company using annual reports, Form 10-Ks, and Morningstar Equity Analyst input as its primary source. Other secondary sources of information may include company websites, sell-side research (if available), and trade publications.
The 11 industries considered fossil fuel and screened by Fossil Free Funds have been combined into three overall categories: Coal, Oil/Gas, and Utilities. The industries within these three categories include: