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 10-23-2017
Name Ticker
ELI LILLY & CO LLY
SCHEIN HENRY INC HSIC
ROYAL BANK OF CANADA RY
US BANCORP USB
COCA-COLA CO/THE KO
M & T BANK CORP MTB
ABERCROMBIE & FITCH CO ANF
MICROSOFT CORP MSFT
HORMEL FOODS CORP HRL
ANTHEM INC ANTM
VOYA FINANCIAL INC VOYA
ALASKA AIR GROUP ALK
APPLE INC AAPL
BIOGEN INC BIIB
ESTEE LAUDER COMPANIES INC EL
TESLA INC TSLA
SONY CORP-SPONSORED ADR SNE
GAP INC/THE GPS
XEROX CORP XRX
THOMSON REUTERS CORP TRI
BROWN-FORMAN CORP-CLASS B BF/B
CVS HEALTH CORP CVS
MGM RESORTS INTERNATIONAL MGM
CISCO SYSTEMS INC CSCO
NOKIA CORP-SPON ADR NOK
NOVARTIS AG-ADR NVS
UBS GROUP AG UBS
KEYCORP KEY
HERSHEY CO/THE HSY
MORGAN STANLEY MS
ADOBE SYSTEMS INC ADBE
INTERPUBLIC GROUP OF COS INC IPG
BOSTON SCIENTIFIC CORP BSX
HILTON WORLDWIDE HOLDINGS INC HLT
PARK HOTELS & RESORTS INC PK
CREDIT SUISSE GROUP-SPON ADR CS
WEYERHAEUSER CO WY
P G & E CORP PCG
COLGATE-PALMOLIVE CO CL
EATON CORP PLC ETN
BANK OF AMERICA CORP BAC
WELLS FARGO & CO WFC
MANPOWERGROUP INC MAN
AMERICAN EAGLE OUT INC AEO
HURON CONSULTING GROUP INC HURN
TECH DATA CORP TECD
AMERICAN AIRLINES GROUP INC AAL
NEWELL BRANDS INC NWL
PROCTER & GAMBLE CO PG
PORTLAND GENERAL ELECTRIC CO POR
GENERAL ELECTRIC CO GE
CARDINAL HEALTH INC CAH
DEUTSCHE BANK AG-REGISTERED DB
SYMANTEC CORP SYMC
HOME DEPOT INC HD
MCDONALDS CORP MCD
HUNTINGTON BANCSHARES INC/OH HBAN
EXPRESS SCRIPTS INC ESRX
JOHNSON & JOHNSON JNJ
ATHENAHEALTH INC ATHN
SUNTRUST BANKS INC STI
BOEING CO/THE BA
CARS.COM INC CARS
DANAHER CORP DHR
INTUIT COM INTU
TEXAS INSTRUMENTS INC TXN
JETBLUE AIRWAYS CORP JBLU
ELECTRONIC ARTS INC EA
COMERICA INC CMA
ROCKWELL AUTOMATION INC ROK
VIACOM INC-CLASS B VIAB
CA INC CA
ALTRIA GROUP INC MO
MONDELEZ INTERNATIONAL INC MDLZ
CHEVRON CORP CVX
JPMORGAN CHASE & CO JPM
GAMESTOP CORP GME
CNA FINANCIAL CORP (IL) CNA
MERCK & CO. INC. MRK
SCHWAB (CHARLES) CORP SCHW
SEARS HOLDINGS CORP SHLD
WALT DISNEY CO/THE DIS
PFIZER INC PFE
TRAVELERS COS INC/THE TRV
GENWORTH FINANCIAL INC GNW
CONDUENT INC CNDT
BARCLAYS PLC-SPONS ADR BCS
KIMBERLY-CLARK CORP KMB
CHOICE HOTELS INTL INC CHH
CLOROX COMPANY CLX
MASTERCARD INC-CLASS A MA
AUTOMATIC DATA PROCESSING ADP
INTL BUSINESS MACHINES CORP IBM
TOYOTA MOTOR CORP -SPON ADR TM
TARGET CORP TGT
CHUBB LTD CB
ALCOA CORP AA
BEST BUY CO INC BBY
MCKESSON CORP MCK
CBRE GROUP INC CBG
TWITTER INC TWTR
AMERIPRISE FINL AMP
BOOZ ALLEN HAMILTON HOLDING CORP BAH
DISCOVER FINANCIAL SERVICES DFS
PPL CORP PPL
HUMANA INC HUM
SALESFORCE.COM INC CRM
HEWLETT PACKARD ENTERPRISE COMPANY HPE
3M COMPANY MMM
QUALCOMM INC QCOM
BRISTOL-MYERS SQUIBB CO BMY
YELP YELP
IHS MARKIT LTD INFO
EBAY INC EBAY
FORTIVE CORP FTV
TIME WARNER INC TWX
GOLDMAN SACHS GROUP INC GS
COACH INC COH
VISA INC-CLASS A SHARES V
AMERICAN ELECTRIC POWER AEP
AT&T T
SOUTHWEST AIRLINES CO LUV
CIGNA CORP CI
UNITEDHEALTH GROUP INC UNH
NIELSEN HOLDINGS PLC NLSN
L BRANDS INC LB
AMERICAN INTERNATIONAL GROUP INC AIG
ROCKWELL COLLINS INC COL
FACEBOOK INC FB
LOCKHEED MARTIN CORP LMT
NETFLIX INC NFLX
DIAGEO PLC-SPONSORED ADR DEO
ALPHABET INC C-SHARES GOOG
CONVERGYS CORP CVG
FRANKLIN RESOURCES INC BEN
ECOLAB INC ECL
CUMMINS INC CMI
WHIRLPOOL CORP WHR
NVIDIA CORP NVDA
STEELCASE INC SCS
SIRIUS XM HOLDINGS INC SIRI
CAMPBELL SOUP CO CPB
BRIGHTHOUSE FINANCIAL INC BHF
NIKE INC NKE
BLACKROCK INC BLK
UNITED CONTINENTAL HOLDINGS UAL
HSBC HOLDINGS PLC-SPONS ADR HSBC
EDISON INTERNATIONAL EIX
VERIZON COMMUNICATIONS INC VZ
ROYAL DUTCH SHELL PLC-ADR RDS/A
SEMPRA ENERGY SRE
METLIFE INC MET
FORD MOTOR CO F
FIFTH THIRD BANCORP FITB
DOWDUPONT INC DWDP
AVIVA PLC - SPON ADR AVVIY
OFFICE DEPOT INC ODP
PRUDENTIAL FINANCIAL INC PRU
TORONTO-DOMINION BANK TD
INTERCONTINENTAL HOTELS GROUP PLC IHG
T-MOBILE US INC TMUS
T ROWE PRICE GROUP INC TROW
PRAXAIR INC PX
NORDSTROM INC JWN
PRINCIPAL FINANCIAL GROUP PFG
BANK OF MONTREAL BMO
STARBUCKS CORP SBUX
BIOVERATIV INC BIVV
AON PLC AON
PEARSON PLC-SPONSORED ADR PSO
KRAFT HEINZ CO/THE KHC
MONSANTO CO MON
AVON PRODUCTS INC AVP
HERMAN MILLER INC MLHR
CITIGROUP INC C
WALGREEN BOOTS ALLIANCE INC WBA
HILTON GRAND VACATIONS INC HGV
RAYTHEON B RTN
BARNES & NOBLE INC BKS
OWENS CORNING INC OC
ORACLE CORP ORCL
GLAXOSMITHKLINE PLC-SPON ADR GSK
ASTRAZENECA PLC-SPONS ADR AZN
HYATT HOTELS CORP H
INTEL CORP INTC
PAYPAL HOLDINGS INC. PYPL
NORTHERN TRUST CORP NTRS
CAPITAL ONE FINL. COF
GENERAL MOTORS CO GM
COMCAST CORP-CLASS A CMCSA
BANK OF NEW YORK MELLON CORP BK
HP INC HPQ
SANOFI-ADR SNY
EXELON CORP EXC
UNITED TECHNOLOGIES CORP UTX
KROGER CO KR
JONES LANG LASALLE INC JLL
DARDEN RESTAURANTS DRI
THE CHEMOURS COMPANY CC
TJX COMPANIES INC TJX
TIME INC TIME
BAXTER INTL. BAX
CBS B CBS
UNILEVER NV - NY SHARES UN
BT GROUP PLC-SPON ADR BT
BALL CORP BLL
PEPSICO INC PEP
TEGNA INC TGNA
BROADRIDGE FINL SOLUTIONS I COM BR
ARAMARK ARMK
AMERICAN EXPRESS CO AXP
NETAPP INC NTAP
S&P GLOBAL INC SPGI
MEDTRONIC PLC MDT
CORNING INC GLW
ACCENTURE PLC-CL A ACN
TIFFANY & CO TIF
CAESARS ENTERTAINMENT CORP CZR
MOODYS CORP MCO
STATE STREET CORP STT
MATTEL INC MAT
PROGRESSIVE CORP PGR
NAVIGANT CONSULTING INC NCI
HARTFORD FINANCIAL SERVICES GROUP INC HIG
WW GRAINGER INC GWW
FACTSET RESEARCH SYSTEMS INC FDS
SPRINT CORP S
THERMO FISHER SCIENTIFIC INC TMO
ABBVIE INC ABBV
MACYS INC M
MARRIOTT INTL INC NEW CL A MAR
GENERAL MILLS INC GIS
HARRIS CORP HRS
NORTHROP GRUMMAN CORP NOC
WYNN RESORTS LTD WYNN
KELLOGG CO K
NCR CORP NCR
VISTEON CORP VC
PNC FINANCIAL SERVICES GROUP PNC
ROYAL CARIBBEAN CRUISES LTD RCL
GROUPON INC. GRPN
MARSH & MCLENNAN COS MMC
SUN LIFE FINANCIAL INC SLF
WYNDHAM WORLDWIDE WYN
ARCONIC INC ARNC
AETNA INC AET

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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