Morningstar Direct is a research database with information on mutual funds, hedge funds, stocks, bonds, and economic data. The information about mutual funds is unique to Morningstar. Along with analysis about funds, performance, and holdings, Morningstar also offers screening tools. Funds can be screened for security types, industry focus, investment restrictions, and more. Lastly Morningstar allows user to create their own portfolio of stocks, bonds, and funds. Practical applications include: Individual mutual/hedge fund analysis Portfolio attribution analysis on established funds Screening stocks, bonds, and funds for investment criteria