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 07-24-2017
Name Ticker
DU PONT (E.I.) DE NEMOURS DD
BALL CORP BLL
COCA-COLA CO/THE KO
SUNTRUST BANKS INC STI
BOEING CO/THE BA
VISA INC-CLASS A SHARES V
WALT DISNEY CO/THE DIS
DISCOVER FINANCIAL SERVICES DFS
GENERAL MOTORS CO GM
KELLOGG CO K
NORDSTROM INC JWN
GENERAL MILLS INC GIS
AT&T T
MGM RESORTS INTERNATIONAL MGM
WHIRLPOOL CORP WHR
US BANCORP USB
EXPRESS SCRIPTS INC ESRX
TEXAS INSTRUMENTS INC TXN
DOW CHEMICAL DOW
AMERICAN EAGLE OUT INC AEO
HURON CONSULTING GROUP INC HURN
UNILEVER NV - NY SHARES UN
FACEBOOK INC FB
STEELCASE INC SCS
ACCENTURE PLC-CL A ACN
ECOLAB INC ECL
STARBUCKS CORP SBUX
CVS HEALTH CORP CVS
NOKIA CORP-SPON ADR NOK
INTEL CORP INTC
MASTERCARD INC-CLASS A MA
UNITED TECHNOLOGIES CORP UTX
DANAHER CORP DHR
JOHNSON & JOHNSON JNJ
GENERAL ELECTRIC CO GE
ALCOA CORP AA
MICROSOFT CORP MSFT
EATON CORP PLC ETN
CITIGROUP INC C
T ROWE PRICE GROUP INC TROW
JPMORGAN CHASE & CO JPM
TEGNA INC TGNA
WALGREEN BOOTS ALLIANCE INC WBA
RAYTHEON B RTN
UNITEDHEALTH GROUP INC UNH
COMCAST CORP-CLASS A CMCSA
TIME WARNER INC TWX
LOCKHEED MARTIN CORP LMT
CAPITAL ONE FINL. COF
PROGRESSIVE CORP PGR
AVIVA PLC - SPON ADR AVVIY
MARRIOTT INTL INC NEW CL A MAR
BOSTON SCIENTIFIC CORP BSX
EDISON INTERNATIONAL EIX
SEMPRA ENERGY SRE
ADOBE SYSTEMS INC ADBE
ELECTRONIC ARTS INC EA
SALESFORCE.COM INC CRM
CBRE GROUP INC CBG
SANOFI-ADR SNY
CHEVRON CORP CVX
NETFLIX INC NFLX
ELI LILLY & CO LLY
VISTEON CORP VC
ATHENAHEALTH INC ATHN
IHS MARKIT LTD INFO
CNA FINANCIAL CORP (IL) CNA
NETAPP INC NTAP
SONY CORP-SPONSORED ADR SNE
UNITED CONTINENTAL HOLDINGS UAL
ANTHEM INC ANTM
KROGER CO KR
BROADRIDGE FINL SOLUTIONS I COM BR
DEUTSCHE BANK AG-REGISTERED DB
BLACKROCK INC BLK
INTERPUBLIC GROUP OF COS INC IPG
COACH INC COH
CARS.COM INC CARS
VOYA FINANCIAL INC VOYA
NORTHERN TRUST CORP NTRS
SOUTHWEST AIRLINES CO LUV
EXELON CORP EXC
BANK OF MONTREAL BMO
AVON PRODUCTS INC AVP
NCR CORP NCR
THE CHEMOURS COMPANY CC
JONES LANG LASALLE INC JLL
SCHWAB (CHARLES) CORP SCHW
PEARSON PLC-SPONSORED ADR PSO
HYATT HOTELS CORP H
COLGATE-PALMOLIVE CO CL
ABBVIE INC ABBV
PROCTER & GAMBLE CO PG
CA INC CA
FACTSET RESEARCH SYSTEMS INC FDS
AUTOMATIC DATA PROCESSING ADP
WEYERHAEUSER CO WY
KEYCORP KEY
T-MOBILE US INC TMUS
THERMO FISHER SCIENTIFIC INC TMO
CLOROX COMPANY CLX
CREDIT SUISSE GROUP-SPON ADR CS
APPLE INC AAPL
PRUDENTIAL FINANCIAL INC PRU
JETBLUE AIRWAYS CORP JBLU
TECH DATA CORP TECD
HP INC HPQ
BEST BUY CO INC BBY
NIKE INC NKE
OWENS CORNING INC OC
TJX COMPANIES INC TJX
GAP INC/THE GPS
NOVARTIS AG-ADR NVS
AETNA INC AET
PNC FINANCIAL SERVICES GROUP PNC
ROYAL BANK OF CANADA RY
INTUIT COM INTU
MANPOWERGROUP INC MAN
AMERICAN EXPRESS CO AXP
ALASKA AIR GROUP ALK
KIMBERLY-CLARK CORP KMB
LEVEL 3 COMMUNICATIONS INC LVLT
TORONTO-DOMINION BANK TD
MEDTRONIC PLC MDT
SEARS HOLDINGS CORP SHLD
INTL BUSINESS MACHINES CORP IBM
BROWN-FORMAN CORP-CLASS B BF/B
GLAXOSMITHKLINE PLC-SPON ADR GSK
EBAY INC EBAY
SPRINT CORP S
CORNING INC GLW
BANK OF AMERICA CORP BAC
AMERICAN AIRLINES GROUP INC AAL
ROYAL DUTCH SHELL PLC-ADR RDS/A
L BRANDS INC LB
STATE STREET CORP STT
PARK HOTELS & RESORTS INC PK
SYMANTEC CORP SYMC
MORGAN STANLEY MS
BT GROUP PLC-SPON ADR BT
COMERICA INC CMA
3M COMPANY MMM
STAPLES INC SPLS
GENWORTH FINANCIAL INC GNW
MATTEL INC MAT
HORMEL FOODS CORP HRL
CONVERGYS CORP CVG
VERIZON COMMUNICATIONS INC VZ
MONSANTO CO MON
ARCONIC INC ARNC
FORD MOTOR CO F
HILTON WORLDWIDE HOLDINGS INC HLT
SIRIUS XM HOLDINGS INC SIRI
HARRIS CORP HRS
CUMMINS INC CMI
TESLA INC TSLA
ABERCROMBIE & FITCH CO ANF
MACYS INC M
PORTLAND GENERAL ELECTRIC CO POR
NIELSEN HOLDINGS PLC NLSN
WYNDHAM WORLDWIDE WYN
TWITTER INC TWTR
MERCK & CO. INC. MRK
CHUBB LTD CB
SCHEIN HENRY INC HSIC
BANK OF NEW YORK MELLON CORP BK
MONDELEZ INTERNATIONAL INC MDLZ
NAVIGANT CONSULTING INC NCI
TIME INC TIME
YELP YELP
TRAVELERS COS INC/THE TRV
GROUPON INC. GRPN
PPL CORP PPL
HERMAN MILLER INC MLHR
M & T BANK CORP MTB
WELLS FARGO & CO WFC
TOYOTA MOTOR CORP -SPON ADR TM
NVIDIA CORP NVDA
METLIFE INC MET
BARCLAYS PLC-SPONS ADR BCS
SUN LIFE FINANCIAL INC SLF
VIACOM INC-CLASS B VIAB
BOOZ ALLEN HAMILTON HOLDING CORP BAH
QUALCOMM INC QCOM
WYNN RESORTS LTD WYNN
MCKESSON CORP MCK
BARNES & NOBLE INC BKS
KRAFT HEINZ CO/THE KHC
PRINCIPAL FINANCIAL GROUP PFG
CBS B CBS
FORTIVE CORP FTV
CAESARS ENTERTAINMENT CORP CZR
TARGET CORP TGT
HILTON GRAND VACATIONS INC HGV
GAMESTOP CORP GME
GOLDMAN SACHS GROUP INC GS
CHOICE HOTELS INTL INC CHH
P G & E CORP PCG
AMERICAN INTERNATIONAL GROUP INC AIG
PAYPAL HOLDINGS INC. PYPL
ARAMARK ARMK
NEWELL BRANDS INC NWL
HUMANA INC HUM
PFIZER INC PFE
MCDONALDS CORP MCD
TIFFANY & CO TIF
CISCO SYSTEMS INC CSCO
FIFTH THIRD BANCORP FITB
CIGNA CORP CI
XEROX CORP XRX
OFFICE DEPOT INC ODP
PEPSICO INC PEP
CARDINAL HEALTH INC CAH
HSBC HOLDINGS PLC-SPONS ADR HSBC
HEWLETT PACKARD ENTERPRISE COMPANY HPE
FRANKLIN RESOURCES INC BEN
DIAGEO PLC-SPONSORED ADR DEO
ALTRIA GROUP INC MO
THOMSON REUTERS CORP TRI
BIOGEN INC BIIB
AON PLC AON
NORTHROP GRUMMAN CORP NOC
WW GRAINGER INC GWW
S&P GLOBAL INC SPGI
HUNTINGTON BANCSHARES INC/OH HBAN
INTERCONTINENTAL HOTELS GROUP PLC IHG
HARTFORD FINANCIAL SERVICES GROUP INC HIG
PRAXAIR INC PX
AMERIPRISE FINL AMP
ASTRAZENECA PLC-SPONS ADR AZN
BRISTOL-MYERS SQUIBB CO BMY
DARDEN RESTAURANTS DRI
ROCKWELL AUTOMATION INC ROK
ALPHABET INC C-SHARES GOOG
ROYAL CARIBBEAN CRUISES LTD RCL
HERSHEY CO/THE HSY
ROCKWELL COLLINS INC COL
ESTEE LAUDER COMPANIES INC EL
ORACLE CORP ORCL
AMERICAN ELECTRIC POWER AEP
BAXTER INTL. BAX
BIOVERATIV INC BIVV
CAMPBELL SOUP CO CPB
CONDUENT INC CNDT
UBS GROUP AG UBS
HOME DEPOT INC HD
MOODYS CORP MCO
MARSH & MCLENNAN COS MMC

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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