Morningstar's website only offers access to its mutual fund reports to premium users who have subscribed to the service, the company reports. Morningstar offers non-premium users investment articles and access to its star rating system, which assigns each reviewed mutual fund 1 to 5 stars based on its performance.
Morningstar is an investment research firm with basic and premium levels of membership, its website explains. As of 2015, the basic membership is free and provides the user with a basic portfolio manager, daily market news, articles and an investing discussion board. The premium membership requires a fee, and in addition to the basic services, provides detailed analyst reports, watch lists, a premium portfolio manager and newsletters by email.