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 01-18-2018
Name Ticker
TJX COMPANIES INC TJX
SOUTHWEST AIRLINES CO LUV
WYNN RESORTS LTD WYNN
MANPOWERGROUP INC MAN
PARK HOTELS & RESORTS INC PK
SUNTRUST BANKS INC STI
PROCTER & GAMBLE CO PG
THE CHEMOURS COMPANY CC
MARRIOTT INTL INC NEW CL A MAR
HILTON WORLDWIDE HOLDINGS INC HLT
NAVIGANT CONSULTING INC NCI
MARSH & MCLENNAN COS MMC
CISCO SYSTEMS INC CSCO
STARBUCKS CORP SBUX
BIOVERATIV INC BIVV
DARDEN RESTAURANTS DRI
AON PLC AON
ROYAL BANK OF CANADA RY
CREDIT SUISSE GROUP-SPON ADR CS
EBAY INC EBAY
NORTHERN TRUST CORP NTRS
OWENS CORNING INC OC
GOLDMAN SACHS GROUP INC GS
TIME WARNER INC TWX
CORNING INC GLW
WW GRAINGER INC GWW
JONES LANG LASALLE INC JLL
SCHWAB (CHARLES) CORP SCHW
HORMEL FOODS CORP HRL
WHIRLPOOL CORP WHR
BANK OF NEW YORK MELLON CORP BK
GLAXOSMITHKLINE PLC-SPON ADR GSK
ALASKA AIR GROUP ALK
INTERCONTINENTAL HOTELS GROUP PLC IHG
ABERCROMBIE & FITCH CO ANF
YELP YELP
COCA-COLA CO/THE KO
PRAXAIR INC PX
LOCKHEED MARTIN CORP LMT
HOME DEPOT INC HD
FIFTH THIRD BANCORP FITB
INTEL CORP INTC
CLOROX COMPANY CLX
DEUTSCHE BANK AG-REGISTERED DB
INTUIT COM INTU
UNILEVER NV - NY SHARES UN
GENERAL ELECTRIC CO GE
FORD MOTOR CO F
JETBLUE AIRWAYS CORP JBLU
KELLOGG CO K
AETNA INC AET
PPL CORP PPL
S&P GLOBAL INC SPGI
CHOICE HOTELS INTL INC CHH
PEPSICO INC PEP
INTL BUSINESS MACHINES CORP IBM
KIMBERLY-CLARK CORP KMB
METLIFE INC MET
NOVARTIS AG-ADR NVS
NVIDIA CORP NVDA
EDISON INTERNATIONAL EIX
NIELSEN HOLDINGS PLC NLSN
TWITTER INC TWTR
TECH DATA CORP TECD
HYATT HOTELS CORP H
BARNES & NOBLE INC BKS
TORONTO-DOMINION BANK TD
QUALCOMM INC QCOM
MERCK & CO. INC. MRK
AVIVA PLC - SPON ADR AVVIY
BOSTON SCIENTIFIC CORP BSX
GAMESTOP CORP GME
ATHENAHEALTH INC ATHN
CARDINAL HEALTH INC CAH
SUN LIFE FINANCIAL INC SLF
PFIZER INC PFE
GENWORTH FINANCIAL INC GNW
ESTEE LAUDER COMPANIES INC EL
CONDUENT INC CNDT
NEWELL BRANDS INC NWL
THOMSON REUTERS CORP TRI
T-MOBILE US INC TMUS
BT GROUP PLC-SPON ADR BT
EXPRESS SCRIPTS INC ESRX
MASTERCARD INC-CLASS A MA
GENERAL MILLS INC GIS
NIKE INC NKE
APPLE INC AAPL
NORTHROP GRUMMAN CORP NOC
FACEBOOK INC FB
VOYA FINANCIAL INC VOYA
FACTSET RESEARCH SYSTEMS INC FDS
PRUDENTIAL FINANCIAL INC PRU
HSBC HOLDINGS PLC-SPONS ADR HSBC
TRAVELERS COS INC/THE TRV
KRAFT HEINZ CO/THE KHC
MACYS INC M
HP INC HPQ
NORDSTROM INC JWN
ALPHABET INC C-SHARES GOOG
ELECTRONIC ARTS INC EA
KROGER CO KR
MATTEL INC MAT
BANK OF MONTREAL BMO
WALGREEN BOOTS ALLIANCE INC WBA
BOEING CO/THE BA
MGM RESORTS INTERNATIONAL MGM
DIAGEO PLC-SPONSORED ADR DEO
FORTIVE CORP FTV
GAP INC/THE GPS
CAMPBELL SOUP CO CPB
UNITED CONTINENTAL HOLDINGS UAL
3M COMPANY MMM
AMERIPRISE FINL AMP
HARRIS CORP HRS
ALCOA CORP AA
BLACKROCK INC BLK
PEARSON PLC-SPONSORED ADR PSO
DISCOVER FINANCIAL SERVICES DFS
BROWN-FORMAN CORP-CLASS B BF/B
CONVERGYS CORP CVG
CVS HEALTH CORP CVS
XEROX CORP XRX
GENERAL MOTORS CO GM
TAPESTRY INC TPR
BRIGHTHOUSE FINANCIAL INC BHF
ORACLE CORP ORCL
IHS MARKIT LTD INFO
SIRIUS XM HOLDINGS INC SIRI
WEYERHAEUSER CO WY
THERMO FISHER SCIENTIFIC INC TMO
DOWDUPONT INC DWDP
ANTHEM INC ANTM
OFFICE DEPOT INC ODP
BARCLAYS PLC-SPONS ADR BCS
PAYPAL HOLDINGS INC. PYPL
AMERICAN ELECTRIC POWER AEP
WELLS FARGO & CO WFC
HUMANA INC HUM
SYMANTEC CORP SYMC
DANAHER CORP DHR
UNITED TECHNOLOGIES CORP UTX
CNA FINANCIAL CORP (IL) CNA
HERSHEY CO/THE HSY
SEARS HOLDINGS CORP SHLD
CAPITAL ONE FINL. COF
GROUPON INC. GRPN
BRISTOL-MYERS SQUIBB CO BMY
BROADRIDGE FINL SOLUTIONS I COM BR
JPMORGAN CHASE & CO JPM
CHUBB LTD CB
MICROSOFT CORP MSFT
MONSANTO CO MON
ADOBE SYSTEMS INC ADBE
UNITEDHEALTH GROUP INC UNH
L BRANDS INC LB
NCR CORP NCR
COMCAST CORP-CLASS A CMCSA
T ROWE PRICE GROUP INC TROW
M & T BANK CORP MTB
AMERICAN EAGLE OUT INC AEO
PORTLAND GENERAL ELECTRIC CO POR
TIME INC TIME
STEELCASE INC SCS
MONDELEZ INTERNATIONAL INC MDLZ
VISA INC-CLASS A SHARES V
RAYTHEON B RTN
PRINCIPAL FINANCIAL GROUP PFG
BOOZ ALLEN HAMILTON HOLDING CORP BAH
AT&T T
CUMMINS INC CMI
ECOLAB INC ECL
AMERICAN EXPRESS CO AXP
TOYOTA MOTOR CORP -SPON ADR TM
ROCKWELL COLLINS INC COL
CAESARS ENTERTAINMENT CORP CZR
CA INC CA
AMERICAN INTERNATIONAL GROUP INC AIG
ELI LILLY & CO LLY
AVON PRODUCTS INC AVP
ARCONIC INC ARNC
HARTFORD FINANCIAL SERVICES GROUP INC HIG
ROYAL CARIBBEAN CRUISES LTD RCL
MORGAN STANLEY MS
CBRE GROUP INC CBG
P G & E CORP PCG
NOKIA CORP-SPON ADR NOK
MEDTRONIC PLC MDT
SEMPRA ENERGY SRE
US BANCORP USB
BAXTER INTL. BAX
MCKESSON CORP MCK
SANOFI-ADR SNY
AMERICAN AIRLINES GROUP INC AAL
VIACOM INC-CLASS B VIAB
COLGATE-PALMOLIVE CO CL
CHEVRON CORP CVX
TIFFANY & CO TIF
EXELON CORP EXC
CIGNA CORP CI
ASTRAZENECA PLC-SPONS ADR AZN
CBS B CBS
HILTON GRAND VACATIONS INC HGV
VISTEON CORP VC
ABBVIE INC ABBV
SPRINT CORP S
COMERICA INC CMA
JOHNSON & JOHNSON JNJ
MOODYS CORP MCO
TARGET CORP TGT
HEWLETT PACKARD ENTERPRISE COMPANY HPE
HERMAN MILLER INC MLHR
HURON CONSULTING GROUP INC HURN
VERIZON COMMUNICATIONS INC VZ
TEGNA INC TGNA
WALT DISNEY CO/THE DIS
INTERPUBLIC GROUP OF COS INC IPG
MCDONALDS CORP MCD
ACCENTURE PLC-CL A ACN
WYNDHAM WORLDWIDE WYN
NETAPP INC NTAP
FRANKLIN RESOURCES INC BEN
ROYAL DUTCH SHELL PLC-ADR RDS/A
BEST BUY CO INC BBY
TEXAS INSTRUMENTS INC TXN
STATE STREET CORP STT
UBS GROUP AG UBS
ARAMARK ARMK
PROGRESSIVE CORP PGR
HUNTINGTON BANCSHARES INC/OH HBAN
CITIGROUP INC C
SALESFORCE.COM INC CRM
SONY CORP-SPONSORED ADR SNE
BALL CORP BLL
SCHEIN HENRY INC HSIC
CARS.COM INC CARS
BIOGEN INC BIIB
NETFLIX INC NFLX
EATON CORP PLC ETN
ROCKWELL AUTOMATION INC ROK
PNC FINANCIAL SERVICES GROUP PNC
BANK OF AMERICA CORP BAC
ALTRIA GROUP INC MO
TESLA INC TSLA
AUTOMATIC DATA PROCESSING ADP
KEYCORP KEY

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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