On 10 March, the EU Sustainable Finance Disclosures Regulation took effect, requiring fund companies to classify each fund into one of three categories, Article 6, 8, or 9, depending on the product's sustainability objective. Twenty days later, Morningstar released Article 8 and 9 SFDR data points in its database, Morningstar Direct, to allow clients to identify these funds. So far, Morningstar has collected SFDR data on close to 50% of funds (that is, 5,695) domiciled in Luxembourg, Europe's largest funds domicile. Concurrently, Morningstar Manager Research surveyed 30 asset managers and asked for their full lists of Article 8 and 9 funds. In this report, we analyze what the early batch of new disclosures are telling us so far.