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 June) 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 02-19-2018
Name Ticker
S&P GLOBAL INC SPGI
KRAFT HEINZ CO/THE KHC
BEST BUY CO INC BBY
TWITTER INC TWTR
COCA-COLA CO/THE KO
PARK HOTELS & RESORTS INC PK
CHUBB LTD CB
UNILEVER NV - NY SHARES UN
MERCK & CO. INC. MRK
SUN LIFE FINANCIAL INC SLF
PRAXAIR INC PX
AVIVA PLC - SPON ADR AVVIY
L BRANDS INC LB
ELI LILLY & CO LLY
NIELSEN HOLDINGS PLC NLSN
SONY CORP-SPONSORED ADR SNE
NORDSTROM INC JWN
PRINCIPAL FINANCIAL GROUP PFG
SIRIUS XM HOLDINGS INC SIRI
COLGATE-PALMOLIVE CO CL
MATTEL INC MAT
VIACOM INC-CLASS B VIAB
ADOBE SYSTEMS INC ADBE
HERSHEY CO/THE HSY
TEGNA INC TGNA
MCKESSON CORP MCK
GAMESTOP CORP GME
CBRE GROUP INC CBG
EDISON INTERNATIONAL EIX
KROGER CO KR
HORMEL FOODS CORP HRL
GENERAL ELECTRIC CO GE
DIAGEO PLC-SPONSORED ADR DEO
GENWORTH FINANCIAL INC GNW
PFIZER INC PFE
HUNTINGTON BANCSHARES INC/OH HBAN
HURON CONSULTING GROUP INC HURN
EATON CORP PLC ETN
INTL BUSINESS MACHINES CORP IBM
MACYS INC M
BROADRIDGE FINL SOLUTIONS I COM BR
HERMAN MILLER INC MLHR
ABERCROMBIE & FITCH CO ANF
BANK OF MONTREAL BMO
SOUTHWEST AIRLINES CO LUV
GENERAL MOTORS CO GM
PRUDENTIAL FINANCIAL INC PRU
JONES LANG LASALLE INC JLL
UNITEDHEALTH GROUP INC UNH
BOSTON SCIENTIFIC CORP BSX
CITIGROUP INC C
ALTRIA GROUP INC MO
US BANCORP USB
AMERICAN EXPRESS CO AXP
SCHWAB (CHARLES) CORP SCHW
M & T BANK CORP MTB
MONSANTO CO MON
CAMPBELL SOUP CO CPB
FORD MOTOR CO F
DANAHER CORP DHR
BRIGHTHOUSE FINANCIAL INC BHF
BIOVERATIV INC BIVV
BARCLAYS PLC-SPONS ADR BCS
MARRIOTT INTL INC NEW CL A MAR
STEELCASE INC SCS
VERIZON COMMUNICATIONS INC VZ
CAPITAL ONE FINL. COF
GAP INC/THE GPS
TECH DATA CORP TECD
GROUPON INC. GRPN
AMERICAN INTERNATIONAL GROUP INC AIG
CUMMINS INC CMI
FIFTH THIRD BANCORP FITB
AMERICAN EAGLE OUT INC AEO
CVS HEALTH CORP CVS
COMERICA INC CMA
3M COMPANY MMM
BAXTER INTL. BAX
T ROWE PRICE GROUP INC TROW
BROWN-FORMAN CORP-CLASS B BF/B
HILTON GRAND VACATIONS INC HGV
ROYAL DUTCH SHELL PLC-ADR RDS/A
ROYAL BANK OF CANADA RY
NORTHERN TRUST CORP NTRS
SCHEIN HENRY INC HSIC
ORACLE CORP ORCL
METLIFE INC MET
TJX COMPANIES INC TJX
FACTSET RESEARCH SYSTEMS INC FDS
BIOGEN INC BIIB
BOEING CO/THE BA
STARBUCKS CORP SBUX
TAPESTRY INC TPR
OFFICE DEPOT INC ODP
EBAY INC EBAY
XEROX CORP XRX
BLACKROCK INC BLK
AETNA INC AET
UNITED CONTINENTAL HOLDINGS UAL
NORTHROP GRUMMAN CORP NOC
INTEL CORP INTC
GENERAL MILLS INC GIS
TORONTO-DOMINION BANK TD
SANOFI-ADR SNY
CNA FINANCIAL CORP (IL) CNA
MONDELEZ INTERNATIONAL INC MDLZ
BT GROUP PLC-SPON ADR BT
MANPOWERGROUP INC MAN
P G & E CORP PCG
DOWDUPONT INC DWDP
GLAXOSMITHKLINE PLC-SPON ADR GSK
ALCOA CORP AA
NCR CORP NCR
ALASKA AIR GROUP ALK
KELLOGG CO K
HOME DEPOT INC HD
ANTHEM INC ANTM
JOHNSON & JOHNSON JNJ
AMERICAN AIRLINES GROUP INC AAL
PEPSICO INC PEP
CAESARS ENTERTAINMENT CORP CZR
WELLS FARGO & CO WFC
ATHENAHEALTH INC ATHN
SEARS HOLDINGS CORP SHLD
AVON PRODUCTS INC AVP
HARRIS CORP HRS
TIFFANY & CO TIF
HILTON WORLDWIDE HOLDINGS INC HLT
MARSH & MCLENNAN COS MMC
WALT DISNEY CO/THE DIS
CREDIT SUISSE GROUP-SPON ADR CS
TEXAS INSTRUMENTS INC TXN
DEUTSCHE BANK AG-REGISTERED DB
FORTIVE CORP FTV
PEARSON PLC-SPONSORED ADR PSO
AUTOMATIC DATA PROCESSING ADP
NIKE INC NKE
THOMSON REUTERS CORP TRI
NEWELL BRANDS INC NWL
COMCAST CORP-CLASS A CMCSA
KEYCORP KEY
AON PLC AON
PROGRESSIVE CORP PGR
HUMANA INC HUM
QUALCOMM INC QCOM
MGM RESORTS INTERNATIONAL MGM
PAYPAL HOLDINGS INC. PYPL
HSBC HOLDINGS PLC-SPONS ADR HSBC
AMERICAN ELECTRIC POWER AEP
CIGNA CORP CI
CARS.COM INC CARS
ACCENTURE PLC-CL A ACN
MCDONALDS CORP MCD
CLOROX COMPANY CLX
BRISTOL-MYERS SQUIBB CO BMY
HEWLETT PACKARD ENTERPRISE COMPANY HPE
BANK OF NEW YORK MELLON CORP BK
CONDUENT INC CNDT
APPLE INC AAPL
ARAMARK ARMK
MORGAN STANLEY MS
WALGREENS BOOTS ALLIANCE INC WBA
UNITED TECHNOLOGIES CORP UTX
MOODYS CORP MCO
NAVIGANT CONSULTING INC NCI
NOKIA CORP-SPON ADR NOK
LOCKHEED MARTIN CORP LMT
ALPHABET INC C-SHARES GOOG
VISA INC-CLASS A SHARES V
GOLDMAN SACHS GROUP INC GS
INTERCONTINENTAL HOTELS GROUP PLC IHG
CISCO SYSTEMS INC CSCO
YELP YELP
ESTEE LAUDER COMPANIES INC EL
ABBVIE INC ABBV
UBS GROUP AG UBS
CHOICE HOTELS INTL INC CHH
TIME WARNER INC TWX
WYNN RESORTS LTD WYNN
VOYA FINANCIAL INC VOYA
BANK OF AMERICA CORP BAC
CARDINAL HEALTH INC CAH
SPRINT CORP S
KIMBERLY-CLARK CORP KMB
EXPRESS SCRIPTS INC ESRX
RAYTHEON B RTN
WW GRAINGER INC GWW
HARTFORD FINANCIAL SERVICES GROUP INC HIG
CHEVRON CORP CVX
STATE STREET CORP STT
EXELON CORP EXC
WYNDHAM WORLDWIDE WYN
INTUIT COM INTU
OWENS CORNING INC OC
ASTRAZENECA PLC-SPONS ADR AZN
T-MOBILE US INC TMUS
ECOLAB INC ECL
ROYAL CARIBBEAN CRUISES LTD RCL
TRAVELERS COS INC/THE TRV
PROCTER & GAMBLE CO PG
TESLA INC TSLA
WEYERHAEUSER CO WY
INTERPUBLIC GROUP OF COS INC IPG
CBS B CBS
CA INC CA
HP INC HPQ
BALL CORP BLL
CORNING INC GLW
SEMPRA ENERGY SRE
JPMORGAN CHASE & CO JPM
BOOZ ALLEN HAMILTON HOLDING CORP BAH
FRANKLIN RESOURCES INC BEN
PNC FINANCIAL SERVICES GROUP PNC
MEDTRONIC PLC MDT
WHIRLPOOL CORP WHR
TOYOTA MOTOR CORP -SPON ADR TM
NOVARTIS AG-ADR NVS
JETBLUE AIRWAYS CORP JBLU
AT&T T
ROCKWELL AUTOMATION INC ROK
SYMANTEC CORP SYMC
MASTERCARD INC-CLASS A MA
THERMO FISHER SCIENTIFIC INC TMO
ARCONIC INC ARNC
MICROSOFT CORP MSFT
PORTLAND GENERAL ELECTRIC CO POR
NETAPP INC NTAP
SUNTRUST BANKS INC STI
NVIDIA CORP NVDA
AMERIPRISE FINL AMP
CONVERGYS CORP CVG
DARDEN RESTAURANTS DRI
HYATT HOTELS CORP H
TARGET CORP TGT
ELECTRONIC ARTS INC EA
BARNES & NOBLE INC BKS
SALESFORCE.COM INC CRM
IHS MARKIT LTD INFO
NETFLIX INC NFLX
PPL CORP PPL
FACEBOOK INC FB
ROCKWELL COLLINS INC COL
THE CHEMOURS COMPANY CC
DISCOVER FINANCIAL SERVICES DFS
VISTEON CORP VC

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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