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 06-25-2017
Name Ticker
MICROSOFT CORP MSFT
AETNA INC AET
PROCTER & GAMBLE CO PG
HURON CONSULTING GROUP INC HURN
FRANKLIN RESOURCES INC BEN
SONY CORP-SPONSORED ADR SNE
NEWELL BRANDS INC NWL
KIMBERLY-CLARK CORP KMB
GLAXOSMITHKLINE PLC-SPON ADR GSK
SCHEIN HENRY INC HSIC
AMERICAN EAGLE OUT INC AEO
RAYTHEON B RTN
PARK HOTELS & RESORTS INC PK
PRAXAIR INC PX
DANAHER CORP DHR
MATTEL INC MAT
LOCKHEED MARTIN CORP LMT
SPRINT CORP S
HILTON GRAND VACATIONS INC HGV
ALTRIA GROUP INC MO
MASTERCARD INC-CLASS A MA
SALESFORCE.COM INC CRM
HYATT HOTELS CORP H
INTL BUSINESS MACHINES CORP IBM
ASTRAZENECA PLC-SPONS ADR AZN
SUN LIFE FINANCIAL INC SLF
NIELSEN HOLDINGS PLC NLSN
ESTEE LAUDER COMPANIES INC EL
CHOICE HOTELS INTL INC CHH
GAP INC/THE GPS
FACTSET RESEARCH SYSTEMS INC FDS
THERMO FISHER SCIENTIFIC INC TMO
KRAFT HEINZ CO/THE KHC
SEARS HOLDINGS CORP SHLD
TJX COMPANIES INC TJX
MERCK & CO. INC. MRK
HORMEL FOODS CORP HRL
AMERICAN ELECTRIC POWER AEP
TESLA INC TSLA
BOSTON SCIENTIFIC CORP BSX
ALASKA AIR GROUP ALK
SCHWAB (CHARLES) CORP SCHW
ATHENAHEALTH INC ATHN
ROYAL BANK OF CANADA RY
CITIGROUP INC C
DARDEN RESTAURANTS DRI
TIME WARNER INC TWX
ELI LILLY & CO LLY
YELP YELP
HP INC HPQ
APPLE INC AAPL
TOYOTA MOTOR CORP -SPON ADR TM
KELLOGG CO K
WELLS FARGO & CO WFC
ROCKWELL COLLINS INC COL
BAXTER INTL. BAX
CAMPBELL SOUP CO CPB
T-MOBILE US INC TMUS
ALCOA CORP AA
FORTIVE CORP FTV
PRUDENTIAL FINANCIAL INC PRU
WHIRLPOOL CORP WHR
MEDTRONIC PLC MDT
GROUPON INC. GRPN
FIFTH THIRD BANCORP FITB
CLOROX COMPANY CLX
INTERPUBLIC GROUP OF COS INC IPG
BANK OF NEW YORK MELLON CORP BK
EDISON INTERNATIONAL EIX
PNC FINANCIAL SERVICES GROUP PNC
HERMAN MILLER INC MLHR
VIACOM INC-CLASS B VIAB
MOODYS CORP MCO
STARBUCKS CORP SBUX
EXPRESS SCRIPTS INC ESRX
MORGAN STANLEY MS
INTERCONTINENTAL HOTELS GROUP PLC IHG
CAPITAL ONE FINL. COF
HILTON WORLDWIDE HOLDINGS INC HLT
ARCONIC INC ARNC
HSBC HOLDINGS PLC-SPONS ADR HSBC
HEWLETT PACKARD ENTERPRISE COMPANY HPE
ROYAL DUTCH SHELL PLC-ADR RDS/A
WEYERHAEUSER CO WY
PRINCIPAL FINANCIAL GROUP PFG
MACYS INC M
THOMSON REUTERS CORP TRI
GAMESTOP CORP GME
PAYPAL HOLDINGS INC. PYPL
PFIZER INC PFE
NORTHROP GRUMMAN CORP NOC
3M COMPANY MMM
BOEING CO/THE BA
BANK OF MONTREAL BMO
BARCLAYS PLC-SPONS ADR BCS
JONES LANG LASALLE INC JLL
DOW CHEMICAL DOW
CONVERGYS CORP CVG
STAPLES INC SPLS
TIME INC TIME
CORNING INC GLW
SEMPRA ENERGY SRE
ECOLAB INC ECL
BEST BUY CO INC BBY
ROYAL CARIBBEAN CRUISES LTD RCL
INTUIT COM INTU
GOLDMAN SACHS GROUP INC GS
NOVARTIS AG-ADR NVS
OFFICE DEPOT INC ODP
HARTFORD FINANCIAL SERVICES GROUP INC HIG
HUNTINGTON BANCSHARES INC/OH HBAN
METLIFE INC MET
NOKIA CORP-SPON ADR NOK
NIKE INC NKE
VISTEON CORP VC
BIOGEN INC BIIB
ABBVIE INC ABBV
EXELON CORP EXC
PROGRESSIVE CORP PGR
BIOVERATIV INC BIVV
TEXAS INSTRUMENTS INC TXN
NETFLIX INC NFLX
WW GRAINGER INC GWW
AUTOMATIC DATA PROCESSING ADP
WYNDHAM WORLDWIDE WYN
UNILEVER NV - NY SHARES UN
WALGREEN BOOTS ALLIANCE INC WBA
CAESARS ENTERTAINMENT CORP CZR
ALPHABET INC C-SHARES GOOG
COMCAST CORP-CLASS A CMCSA
NVIDIA CORP NVDA
CARS.COM INC CARS
STATE STREET CORP STT
AON PLC AON
BLACKROCK INC BLK
JOHNSON & JOHNSON JNJ
MANPOWERGROUP INC MAN
UNITED TECHNOLOGIES CORP UTX
GENWORTH FINANCIAL INC GNW
ADOBE SYSTEMS INC ADBE
MARRIOTT INTL INC NEW CL A MAR
CONDUENT INC CNDT
BALL CORP BLL
CHUBB LTD CB
MCKESSON CORP MCK
T ROWE PRICE GROUP INC TROW
UNITED CONTINENTAL HOLDINGS UAL
CVS HEALTH CORP CVS
KEYCORP KEY
COMERICA INC CMA
BROWN-FORMAN CORP-CLASS B BF/B
CNA FINANCIAL CORP (IL) CNA
US BANCORP USB
MGM RESORTS INTERNATIONAL MGM
SANOFI-ADR SNY
SIRIUS XM HOLDINGS INC SIRI
CBRE GROUP INC CBG
EBAY INC EBAY
UNITEDHEALTH GROUP INC UNH
TARGET CORP TGT
ACCENTURE PLC-CL A ACN
BANK OF AMERICA CORP BAC
HERSHEY CO/THE HSY
HUMANA INC HUM
WALT DISNEY CO/THE DIS
MARSH & MCLENNAN COS MMC
ELECTRONIC ARTS INC EA
NORTHERN TRUST CORP NTRS
AMERICAN INTERNATIONAL GROUP INC AIG
OWENS CORNING INC OC
STEELCASE INC SCS
BARNES & NOBLE INC BKS
DEUTSCHE BANK AG-REGISTERED DB
TEGNA INC TGNA
LEVEL 3 COMMUNICATIONS INC LVLT
AMERICAN AIRLINES GROUP INC AAL
CREDIT SUISSE GROUP-SPON ADR CS
FACEBOOK INC FB
S&P GLOBAL INC SPGI
COCA-COLA CO/THE KO
NAVIGANT CONSULTING INC NCI
ANTHEM INC ANTM
HARRIS CORP HRS
KROGER CO KR
PEARSON PLC-SPONSORED ADR PSO
AVON PRODUCTS INC AVP
MONSANTO CO MON
VERIZON COMMUNICATIONS INC VZ
NORDSTROM INC JWN
NETAPP INC NTAP
THE CHEMOURS COMPANY CC
CA INC CA
XEROX CORP XRX
JETBLUE AIRWAYS CORP JBLU
DU PONT (E.I.) DE NEMOURS DD
MONDELEZ INTERNATIONAL INC MDLZ
CBS B CBS
ORACLE CORP ORCL
ABERCROMBIE & FITCH CO ANF
AMERIPRISE FINL AMP
COACH INC COH
PORTLAND GENERAL ELECTRIC CO POR
INTEL CORP INTC
FORD MOTOR CO F
BOOZ ALLEN HAMILTON HOLDING CORP BAH
PEPSICO INC PEP
CIGNA CORP CI
MCDONALDS CORP MCD
BRISTOL-MYERS SQUIBB CO BMY
QUALCOMM INC QCOM
SUNTRUST BANKS INC STI
AMERICAN EXPRESS CO AXP
JPMORGAN CHASE & CO JPM
EATON CORP PLC ETN
AVIVA PLC - SPON ADR AVVIY
COLGATE-PALMOLIVE CO CL
DIAGEO PLC-SPONSORED ADR DEO
UBS GROUP AG UBS
P G & E CORP PCG
M & T BANK CORP MTB
CISCO SYSTEMS INC CSCO
BROADRIDGE FINL SOLUTIONS I COM BR
TRAVELERS COS INC/THE TRV
CHEVRON CORP CVX
DISCOVER FINANCIAL SERVICES DFS
TIFFANY & CO TIF
CUMMINS INC CMI
TECH DATA CORP TECD
GENERAL ELECTRIC CO GE
TORONTO-DOMINION BANK TD
HOME DEPOT INC HD
PPL CORP PPL
IHS MARKIT LTD INFO
GENERAL MILLS INC GIS
TWITTER INC TWTR
SOUTHWEST AIRLINES CO LUV
WYNN RESORTS LTD WYNN
ROCKWELL AUTOMATION INC ROK
L BRANDS INC LB
VISA INC-CLASS A SHARES V
SYMANTEC CORP SYMC
ARAMARK ARMK
AT&T T
VOYA FINANCIAL INC VOYA
BT GROUP PLC-SPON ADR BT
CARDINAL HEALTH INC CAH
GENERAL MOTORS CO GM
NCR CORP NCR

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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