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 03-28-2017
Name Ticker
NAVIGANT CONSULTING INC NCI
CONDUENT INC CNDT
AMERICAN AIRLINES GROUP INC AAL
SEARS HOLDINGS CORP SHLD
BIOVERATIV INC BIVV
AMERIPRISE FINL AMP
ALPHABET INC C-SHARES GOOG
UNITEDHEALTH GROUP INC UNH
HARTFORD FINANCIAL SERVICES GROUP INC HIG
AVON PRODUCTS INC AVP
KEYCORP KEY
VOYA FINANCIAL INC VOYA
PNC FINANCIAL SERVICES GROUP PNC
CISCO SYSTEMS INC CSCO
HILTON GRAND VACATIONS INC HGV
DU PONT (E.I.) DE NEMOURS DD
T ROWE PRICE GROUP INC TROW
TRAVELERS COS INC/THE TRV
FORTIVE CORP FTV
DANAHER CORP DHR
ELI LILLY & CO LLY
APPLE INC AAPL
WALT DISNEY CO/THE DIS
KELLOGG CO K
STAPLES INC SPLS
CARDINAL HEALTH INC CAH
BEST BUY CO INC BBY
TIME WARNER INC TWX
METLIFE INC MET
SPRINT CORP S
CREDIT SUISSE GROUP-SPON ADR CS
MOODYS CORP MCO
ASTRAZENECA PLC-SPONS ADR AZN
EBAY INC EBAY
AMERICAN INTERNATIONAL GROUP INC AIG
EXPRESS SCRIPTS INC ESRX
TORONTO-DOMINION BANK TD
GENERAL ELECTRIC CO GE
KRAFT HEINZ CO/THE KHC
QUALCOMM INC QCOM
MCDONALDS CORP MCD
CITIGROUP INC C
JONES LANG LASALLE INC JLL
STATE STREET CORP STT
DOW CHEMICAL DOW
CBS B CBS
DISCOVER FINANCIAL SERVICES DFS
INTERCONTINENTAL HOTELS GROUP PLC IHG
BLACKROCK INC BLK
NETAPP INC NTAP
FIFTH THIRD BANCORP FITB
VISA INC-CLASS A SHARES V
JPMORGAN CHASE & CO JPM
PARK HOTELS & RESORTS INC PK
AON PLC AON
HSBC HOLDINGS PLC-SPONS ADR HSBC
CEB INC CEB
CA INC CA
BOEING CO/THE BA
IHS MARKIT LTD INFO
SOUTHWEST AIRLINES CO LUV
TJX COMPANIES INC TJX
XEROX CORP XRX
FACEBOOK INC FB
BARNES & NOBLE INC BKS
MORGAN STANLEY MS
WW GRAINGER INC GWW
JETBLUE AIRWAYS CORP JBLU
GENERAL MOTORS CO GM
GROUPON INC. GRPN
NIELSEN HOLDINGS PLC NLSN
HUMANA INC HUM
MONSANTO CO MON
ALASKA AIR GROUP ALK
TECH DATA CORP TECD
INTUIT COM INTU
AMERICAN EAGLE OUT INC AEO
ADOBE SYSTEMS INC ADBE
OFFICE DEPOT INC ODP
SCHEIN HENRY INC HSIC
NORDSTROM INC JWN
ACCENTURE PLC-CL A ACN
SUNTRUST BANKS INC STI
HP INC HPQ
MERCK & CO. INC. MRK
ECOLAB INC ECL
TARGET CORP TGT
L BRANDS INC LB
GAMESTOP CORP GME
AETNA INC AET
BROWN-FORMAN CORP-CLASS B BF/B
FRANKLIN RESOURCES INC BEN
UNITED TECHNOLOGIES CORP UTX
NEWELL BRANDS INC NWL
CHEVRON CORP CVX
PRAXAIR INC PX
UNILEVER NV - NY SHARES UN
NORTHERN TRUST CORP NTRS
WELLS FARGO & CO WFC
BROADRIDGE FINL SOLUTIONS I COM BR
SYMANTEC CORP SYMC
MICROSOFT CORP MSFT
ABBVIE INC ABBV
ROCKWELL COLLINS INC COL
BRISTOL-MYERS SQUIBB CO BMY
MATTEL INC MAT
NORTHROP GRUMMAN CORP NOC
GENWORTH FINANCIAL INC GNW
COLGATE-PALMOLIVE CO CL
THERMO FISHER SCIENTIFIC INC TMO
TEGNA INC TGNA
MGM RESORTS INTERNATIONAL MGM
OWENS CORNING INC OC
LEVEL 3 COMMUNICATIONS INC LVLT
HUNTINGTON BANCSHARES INC/OH HBAN
INTEL CORP INTC
SIRIUS XM HOLDINGS INC SIRI
MASTERCARD INC-CLASS A MA
TOYOTA MOTOR CORP -SPON ADR TM
MACYS INC M
PFIZER INC PFE
VERIZON VZ
LOCKHEED MARTIN CORP LMT
ALTRIA GROUP INC MO
ROCKWELL AUTOMATION INC ROK
MANPOWERGROUP INC MAN
MARRIOTT INTL INC NEW CL A MAR
ROYAL BANK OF CANADA RY
RAYTHEON B RTN
AMERICAN EXPRESS CO AXP
BANK OF MONTREAL BMO
TIFFANY & CO TIF
CORNING INC GLW
3M COMPANY MMM
CAPITAL ONE FINL. COF
TWITTER INC TWTR
TEXAS INSTRUMENTS INC TXN
JOHNSON & JOHNSON JNJ
HARRIS CORP HRS
CAESARS ENTERTAINMENT CORP CZR
ARCONIC INC ARNC
AMERICAN ELECTRIC POWER AEP
EXELON CORP EXC
FACTSET RESEARCH SYSTEMS INC FDS
T-MOBILE US INC TMUS
BANK OF AMERICA CORP BAC
VISTEON CORP VC
YELP YELP
HERSHEY CO/THE HSY
ELECTRONIC ARTS INC EA
CUMMINS INC CMI
HERMAN MILLER INC MLHR
WYNDHAM WORLDWIDE WYN
NOKIA CORP-SPON ADR NOK
BALL CORP BLL
NIKE INC NKE
THE CHEMOURS COMPANY CC
ESTEE LAUDER COMPANIES INC EL
HILTON WORLDWIDE HOLDINGS INC HLT
STEELCASE INC SCS
FORD MOTOR CO F
THOMSON REUTERS CORP TRI
SONY CORP-SPONSORED ADR SNE
NOVARTIS AG-ADR NVS
INTERPUBLIC GROUP OF COS INC IPG
MARSH & MCLENNAN COS MMC
HOME DEPOT INC HD
DEUTSCHE BANK AG-REGISTERED DB
HYATT HOTELS CORP H
BIOGEN INC BIIB
ABERCROMBIE & FITCH CO ANF
HEWLETT PACKARD ENTERPRISE COMPANY HPE
AT&T T
PROGRESSIVE CORP PGR
MONDELEZ INTERNATIONAL INC MDLZ
ALCOA CORP AA
CHUBB LTD CB
PRUDENTIAL FINANCIAL INC PRU
ARAMARK ARMK
AVIVA PLC - SPON ADR AVVIY
YAHOO! INC YHOO
PORTLAND GENERAL ELECTRIC CO POR
M & T BANK CORP MTB
CONVERGYS CORP CVG
ATHENAHEALTH INC ATHN
CVS HEALTH CORP CVS
COACH INC COH
SANOFI-ADR SNY
ANTHEM INC ANTM
COMCAST CORP-CLASS A CMCSA
P G & E CORP PCG
STARBUCKS CORP SBUX
BARCLAYS PLC-SPONS ADR BCS
KROGER CO KR
CNA FINANCIAL CORP (IL) CNA
DARDEN RESTAURANTS DRI
MEDTRONIC PLC MDT
CAMPBELL SOUP CO CPB
CHOICE HOTELS INTL INC CHH
NETFLIX INC NFLX
SALESFORCE.COM INC CRM
TIME INC TIME
PPL CORP PPL
GLAXOSMITHKLINE PLC-SPON ADR GSK
AUTOMATIC DATA PROCESSING ADP
SEMPRA ENERGY SRE
ORACLE CORP ORCL
COMERICA INC CMA
EDISON INTERNATIONAL EIX
WYNN RESORTS LTD WYNN
WALGREEN BOOTS ALLIANCE INC WBA
GENERAL MILLS INC GIS
PAYPAL HOLDINGS INC. PYPL
PEARSON PLC-SPONSORED ADR PSO
US BANCORP USB
DIAGEO PLC-SPONSORED ADR DEO
CLOROX COMPANY CLX
EATON CORP PLC ETN
COCA-COLA CO/THE KO
VIACOM INC-CLASS B VIAB
NCR CORP NCR
ROYAL CARIBBEAN CRUISES LTD RCL
INTL BUSINESS MACHINES CORP IBM
WHIRLPOOL CORP WHR
CIGNA CORP CI
TESLA INC TSLA
MCKESSON CORP MCK
HORMEL FOODS CORP HRL
UNITED CONTINENTAL HOLDINGS UAL
BOSTON SCIENTIFIC CORP BSX
ROYAL DUTCH SHELL PLC-ADR RDS/A
KIMBERLY-CLARK CORP KMB
HURON CONSULTING GROUP INC HURN
BOOZ ALLEN HAMILTON HOLDING CORP BAH
GAP INC/THE GPS
PRINCIPAL FINANCIAL GROUP PFG
BANK OF NEW YORK MELLON CORP BK
GOLDMAN SACHS GROUP INC GS
BT GROUP PLC-SPON ADR BT
UBS GROUP AG UBS
SUN LIFE FINANCIAL INC SLF
NVIDIA CORP NVDA
PEPSICO INC PEP
S&P GLOBAL INC SPGI
PROCTER & GAMBLE CO PG
CBRE GROUP INC CBG
SCHWAB (CHARLES) CORP SCHW
WEYERHAEUSER CO WY
BAXTER INTL. BAX

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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