The Workplace Equality Index

The Workplace Equality Index® is a stock index that includes many of America’s leading equality-minded corporations. It consists of publicly-traded companies that support lesbian, gay, bisexual and transgender (LGBT) equality in the workplace.

Index Construction & Methodology

The screening criteria generally include mandatory language in a company’s equal employment opportunity (EEO) statement prohibiting discrimination based on sexual orientation and gender identity, offering health benefits to same-sex partners or spouses of employees, along with other corporate benefits and privileges. Other screens are performed with the goal of eliminating companies that would detract from the Index such as companies in bankruptcy or reorganization. Stocks of the companies in the Index are equal-weighted, typically with a market capitalization larger than $250 million. The Index is reconstituted with additions and deletions once a year, and rebalanced to equal weight at the end of every quarter.


 

Stock Selection Process

Public Companies Trading in U.S. Markets

  • All Public Companies doing business in U.S. and trading on U.S. Markets
 

Companies must meet objective criteria, including:

  • Prohibits discrimination based on sexual orientation
  • Prohibits discrimination based on gender identity or expression
  • Offers partner health/medical insurance
  • Provide support for employee LGBT groups
 

Liquidity screens

  • $250 million minimum market cap
  • Minimum avg. daily trading volume of $2 million for previous 30 days
  • Not currently in bankruptcy or reorganization

Portfolio construction

  • The stocks in the Index are weighted equally as of each rebalance date
  • The Index is reconstituted once a year (3rd Friday of December) and rebalanced quarterly

Public Companies Trading in U.S. Markets

  • All Public Companies doing business in U.S. and trading on U.S. Markets

Companies must meet objective criteria, including:

  • Prohibits discrimination based on sexual orientation
  • Prohibits discrimination based on gender identity or expression
  • Offers partner health/medical insurance
  • Provide support for employee LGBT groups

Liquidity screens

  • $250 million minimum market cap
  • Minimum avg. daily trading volume of $2 million for previous 30 days
  • Not currently in bankruptcy or reorganization

Portfolio construction

  • The stocks in the Index are weighted equally as of each rebalance date
  • The Index is reconstituted once a year (3rd Friday of December) and rebalanced quarterly

Performance

 

Past performance does not guarantee future results and future performance may be lower or higher than the performance presented. It is not possible to invest directly in an index. Index performance does not reflect the deduction of any fees or expenses. Data for the Index is back-tested. Backtested data takes a set of criteria and applies it rigorously at each historical rebalancing to select constituents. Back-testing has been performed by an independent, third party, Solactive AG. Performance data is provided by Solactive AG.

Holdings

Stocks are equally weighted as of each rebalance date, and the Index is rebalanced quarterly. Between rebalancing dates, stock weightings may differ due to individual stock price performance (or movement).


Holdings as of 05-23-2017
Name Ticker
CITIGROUP INC C
MARSH & MCLENNAN COS MMC
TORONTO-DOMINION BANK TD
HORMEL FOODS CORP HRL
DIAGEO PLC-SPONSORED ADR DEO
WW GRAINGER INC GWW
MEDTRONIC PLC MDT
RAYTHEON B RTN
PAYPAL HOLDINGS INC. PYPL
TARGET CORP TGT
AMERICAN EXPRESS CO AXP
INTUIT COM INTU
BARCLAYS PLC-SPONS ADR BCS
UNILEVER NV - NY SHARES UN
VISA INC-CLASS A SHARES V
MATTEL INC MAT
ELECTRONIC ARTS INC EA
SANOFI-ADR SNY
GAP INC/THE GPS
NIKE INC NKE
CBRE GROUP INC CBG
CONVERGYS CORP CVG
SEARS HOLDINGS CORP SHLD
TJX COMPANIES INC TJX
WALGREEN BOOTS ALLIANCE INC WBA
MASTERCARD INC-CLASS A MA
HUMANA INC HUM
PPL CORP PPL
3M COMPANY MMM
BROWN-FORMAN CORP-CLASS B BF/B
SYMANTEC CORP SYMC
DU PONT (E.I.) DE NEMOURS DD
HILTON WORLDWIDE HOLDINGS INC HLT
MONDELEZ INTERNATIONAL INC MDLZ
CUMMINS INC CMI
NOVARTIS AG-ADR NVS
CVS HEALTH CORP CVS
P G & E CORP PCG
HP INC HPQ
NIELSEN HOLDINGS PLC NLSN
MOODYS CORP MCO
ATHENAHEALTH INC ATHN
XEROX CORP XRX
FACEBOOK INC FB
HOME DEPOT INC HD
STARBUCKS CORP SBUX
ANTHEM INC ANTM
SALESFORCE.COM INC CRM
SOUTHWEST AIRLINES CO LUV
JETBLUE AIRWAYS CORP JBLU
TIME WARNER INC TWX
SIRIUS XM HOLDINGS INC SIRI
ARCONIC INC ARNC
WYNN RESORTS LTD WYNN
TECH DATA CORP TECD
QUALCOMM INC QCOM
SCHEIN HENRY INC HSIC
TESLA INC TSLA
CONDUENT INC CNDT
TEXAS INSTRUMENTS INC TXN
KRAFT HEINZ CO/THE KHC
NETAPP INC NTAP
BAXTER INTL. BAX
UNITEDHEALTH GROUP INC UNH
AMERICAN ELECTRIC POWER AEP
KIMBERLY-CLARK CORP KMB
FIFTH THIRD BANCORP FITB
S&P GLOBAL INC SPGI
BROADRIDGE FINL SOLUTIONS I COM BR
VISTEON CORP VC
TRAVELERS COS INC/THE TRV
COCA-COLA CO/THE KO
PARK HOTELS & RESORTS INC PK
UBS GROUP AG UBS
JOHNSON & JOHNSON JNJ
WYNDHAM WORLDWIDE WYN
PROCTER & GAMBLE CO PG
TIFFANY & CO TIF
CNA FINANCIAL CORP (IL) CNA
ACCENTURE PLC-CL A ACN
VIACOM INC-CLASS B VIAB
STEELCASE INC SCS
BT GROUP PLC-SPON ADR BT
PNC FINANCIAL SERVICES GROUP PNC
METLIFE INC MET
ECOLAB INC ECL
PORTLAND GENERAL ELECTRIC CO POR
SEMPRA ENERGY SRE
ROYAL BANK OF CANADA RY
SUNTRUST BANKS INC STI
CARDINAL HEALTH INC CAH
NORDSTROM INC JWN
HYATT HOTELS CORP H
YELP YELP
UNITED TECHNOLOGIES CORP UTX
CAPITAL ONE FINL. COF
DARDEN RESTAURANTS DRI
HERMAN MILLER INC MLHR
BOOZ ALLEN HAMILTON HOLDING CORP BAH
WELLS FARGO & CO WFC
FORTIVE CORP FTV
BRISTOL-MYERS SQUIBB CO BMY
NORTHERN TRUST CORP NTRS
GENWORTH FINANCIAL INC GNW
ESTEE LAUDER COMPANIES INC EL
ALCOA CORP AA
GENERAL ELECTRIC CO GE
ABBVIE INC ABBV
KELLOGG CO K
BARNES & NOBLE INC BKS
ASTRAZENECA PLC-SPONS ADR AZN
KROGER CO KR
TIME INC TIME
INTERPUBLIC GROUP OF COS INC IPG
WHIRLPOOL CORP WHR
ALASKA AIR GROUP ALK
BANK OF MONTREAL BMO
ABERCROMBIE & FITCH CO ANF
VOYA FINANCIAL INC VOYA
PRAXAIR INC PX
MICROSOFT CORP MSFT
TEGNA INC TGNA
EXPRESS SCRIPTS INC ESRX
NVIDIA CORP NVDA
JPMORGAN CHASE & CO JPM
COMERICA INC CMA
WALT DISNEY CO/THE DIS
CAMPBELL SOUP CO CPB
SCHWAB (CHARLES) CORP SCHW
HERSHEY CO/THE HSY
SONY CORP-SPONSORED ADR SNE
AMERICAN INTERNATIONAL GROUP INC AIG
DOW CHEMICAL DOW
CISCO SYSTEMS INC CSCO
DANAHER CORP DHR
EDISON INTERNATIONAL EIX
PFIZER INC PFE
PROGRESSIVE CORP PGR
AMERICAN EAGLE OUT INC AEO
BOEING CO/THE BA
MGM RESORTS INTERNATIONAL MGM
MACYS INC M
ELI LILLY & CO LLY
YAHOO! INC YHOO
IHS MARKIT LTD INFO
HURON CONSULTING GROUP INC HURN
T ROWE PRICE GROUP INC TROW
FACTSET RESEARCH SYSTEMS INC FDS
AT&T T
BANK OF AMERICA CORP BAC
SPRINT CORP S
CHUBB LTD CB
AON PLC AON
LEVEL 3 COMMUNICATIONS INC LVLT
HSBC HOLDINGS PLC-SPONS ADR HSBC
CHEVRON CORP CVX
THE CHEMOURS COMPANY CC
AVIVA PLC - SPON ADR AVVIY
ROCKWELL AUTOMATION INC ROK
HEWLETT PACKARD ENTERPRISE COMPANY HPE
CORNING INC GLW
AMERIPRISE FINL AMP
ROCKWELL COLLINS INC COL
T-MOBILE US INC TMUS
CREDIT SUISSE GROUP-SPON ADR CS
STAPLES INC SPLS
PEARSON PLC-SPONSORED ADR PSO
ROYAL CARIBBEAN CRUISES LTD RCL
DEUTSCHE BANK AG-REGISTERED DB
HARRIS CORP HRS
NAVIGANT CONSULTING INC NCI
INTERCONTINENTAL HOTELS GROUP PLC IHG
LOCKHEED MARTIN CORP LMT
TOYOTA MOTOR CORP -SPON ADR TM
NETFLIX INC NFLX
GROUPON INC. GRPN
ADOBE SYSTEMS INC ADBE
MANPOWERGROUP INC MAN
ORACLE CORP ORCL
MERCK & CO. INC. MRK
VERIZON COMMUNICATIONS INC VZ
CHOICE HOTELS INTL INC CHH
BANK OF NEW YORK MELLON CORP BK
CIGNA CORP CI
AUTOMATIC DATA PROCESSING ADP
PEPSICO INC PEP
PRUDENTIAL FINANCIAL INC PRU
BALL CORP BLL
US BANCORP USB
ARAMARK ARMK
DISCOVER FINANCIAL SERVICES DFS
AETNA INC AET
UNITED CONTINENTAL HOLDINGS UAL
NEWELL BRANDS INC NWL
STATE STREET CORP STT
MONSANTO CO MON
SUN LIFE FINANCIAL INC SLF
NCR CORP NCR
TWITTER INC TWTR
ROYAL DUTCH SHELL PLC-ADR RDS/A
GENERAL MOTORS CO GM
CBS B CBS
MARRIOTT INTL INC NEW CL A MAR
GOLDMAN SACHS GROUP INC GS
MCDONALDS CORP MCD
COACH INC COH
WEYERHAEUSER CO WY
EBAY INC EBAY
BIOVERATIV INC BIVV
THOMSON REUTERS CORP TRI
GAMESTOP CORP GME
BIOGEN INC BIIB
EXELON CORP EXC
M & T BANK CORP MTB
APPLE INC AAPL
PRINCIPAL FINANCIAL GROUP PFG
CAESARS ENTERTAINMENT CORP CZR
HUNTINGTON BANCSHARES INC/OH HBAN
BEST BUY CO INC BBY
OFFICE DEPOT INC ODP
ALPHABET INC C-SHARES GOOG
AVON PRODUCTS INC AVP
BOSTON SCIENTIFIC CORP BSX
CA INC CA
AMERICAN AIRLINES GROUP INC AAL
HARTFORD FINANCIAL SERVICES GROUP INC HIG
JONES LANG LASALLE INC JLL
COLGATE-PALMOLIVE CO CL
NORTHROP GRUMMAN CORP NOC
HILTON GRAND VACATIONS INC HGV
NOKIA CORP-SPON ADR NOK
KEYCORP KEY
THERMO FISHER SCIENTIFIC INC TMO
FRANKLIN RESOURCES INC BEN
FORD MOTOR CO F
INTL BUSINESS MACHINES CORP IBM
GLAXOSMITHKLINE PLC-SPON ADR GSK
L BRANDS INC LB
MCKESSON CORP MCK
BLACKROCK INC BLK
GENERAL MILLS INC GIS
ALTRIA GROUP INC MO
COMCAST CORP-CLASS A CMCSA
MORGAN STANLEY MS
CLOROX COMPANY CLX
EATON CORP PLC ETN
INTEL CORP INTC
OWENS CORNING INC OC

How to Invest

Learn how to invest in an exchange-traded fund (ETF) designed to track the performance of the Workplace Equality Index®. Learn More


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