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 04-26-2017
Name Ticker
BARCLAYS PLC-SPONS ADR BCS
STAPLES INC SPLS
FIFTH THIRD BANCORP FITB
NOVARTIS AG-ADR NVS
MASTERCARD INC-CLASS A MA
ELECTRONIC ARTS INC EA
AMERIPRISE FINL AMP
KRAFT HEINZ CO/THE KHC
HERMAN MILLER INC MLHR
WW GRAINGER INC GWW
VIACOM INC-CLASS B VIAB
CARDINAL HEALTH INC CAH
JETBLUE AIRWAYS CORP JBLU
TORONTO-DOMINION BANK TD
ELI LILLY & CO LLY
AUTOMATIC DATA PROCESSING ADP
WYNDHAM WORLDWIDE WYN
BRISTOL-MYERS SQUIBB CO BMY
MERCK & CO. INC. MRK
CORNING INC GLW
CVS HEALTH CORP CVS
AON PLC AON
SCHWAB (CHARLES) CORP SCHW
TJX COMPANIES INC TJX
US BANCORP USB
CHEVRON CORP CVX
SCHEIN HENRY INC HSIC
ECOLAB INC ECL
JOHNSON & JOHNSON JNJ
BOSTON SCIENTIFIC CORP BSX
PEARSON PLC-SPONSORED ADR PSO
THERMO FISHER SCIENTIFIC INC TMO
WYNN RESORTS LTD WYNN
MORGAN STANLEY MS
MARSH & MCLENNAN COS MMC
FORTIVE CORP FTV
STARBUCKS CORP SBUX
MGM RESORTS INTERNATIONAL MGM
CISCO SYSTEMS INC CSCO
ABERCROMBIE & FITCH CO ANF
AVIVA PLC - SPON ADR AVVIY
CAESARS ENTERTAINMENT CORP CZR
AMERICAN ELECTRIC POWER AEP
TIME INC TIME
XEROX CORP XRX
RAYTHEON B RTN
SEARS HOLDINGS CORP SHLD
IHS MARKIT LTD INFO
BANK OF MONTREAL BMO
SEMPRA ENERGY SRE
AVON PRODUCTS INC AVP
LOCKHEED MARTIN CORP LMT
BALL CORP BLL
CONDUENT INC CNDT
HARRIS CORP HRS
ARAMARK ARMK
BT GROUP PLC-SPON ADR BT
NETFLIX INC NFLX
JPMORGAN CHASE & CO JPM
PRUDENTIAL FINANCIAL INC PRU
PRINCIPAL FINANCIAL GROUP PFG
DOW CHEMICAL DOW
METLIFE INC MET
FACTSET RESEARCH SYSTEMS INC FDS
HILTON WORLDWIDE HOLDINGS INC HLT
JONES LANG LASALLE INC JLL
TARGET CORP TGT
ALCOA CORP AA
DANAHER CORP DHR
SUN LIFE FINANCIAL INC SLF
HSBC HOLDINGS PLC-SPONS ADR HSBC
NOKIA CORP-SPON ADR NOK
PROCTER & GAMBLE CO PG
TWITTER INC TWTR
BROWN-FORMAN CORP-CLASS B BF/B
ROCKWELL AUTOMATION INC ROK
LEVEL 3 COMMUNICATIONS INC LVLT
WHIRLPOOL CORP WHR
NCR CORP NCR
HP INC HPQ
ROYAL BANK OF CANADA RY
HUMANA INC HUM
MCKESSON CORP MCK
GOLDMAN SACHS GROUP INC GS
NIELSEN HOLDINGS PLC NLSN
TRAVELERS COS INC/THE TRV
FACEBOOK INC FB
HILTON GRAND VACATIONS INC HGV
NVIDIA CORP NVDA
SIRIUS XM HOLDINGS INC SIRI
NIKE INC NKE
UBS GROUP AG UBS
HUNTINGTON BANCSHARES INC/OH HBAN
INTERCONTINENTAL HOTELS GROUP PLC IHG
PEPSICO INC PEP
CHOICE HOTELS INTL INC CHH
ANTHEM INC ANTM
ALASKA AIR GROUP ALK
TESLA INC TSLA
ASTRAZENECA PLC-SPONS ADR AZN
NORTHERN TRUST CORP NTRS
VERIZON VZ
COACH INC COH
INTEL CORP INTC
TIME WARNER INC TWX
KIMBERLY-CLARK CORP KMB
SUNTRUST BANKS INC STI
GAP INC/THE GPS
EDISON INTERNATIONAL EIX
ORACLE CORP ORCL
MOODYS CORP MCO
CBRE GROUP INC CBG
EXPRESS SCRIPTS INC ESRX
TEGNA INC TGNA
PPL CORP PPL
GENERAL MILLS INC GIS
BAXTER INTL. BAX
VOYA FINANCIAL INC VOYA
GROUPON INC. GRPN
HYATT HOTELS CORP H
THOMSON REUTERS CORP TRI
SOUTHWEST AIRLINES CO LUV
EATON CORP PLC ETN
UNITEDHEALTH GROUP INC UNH
INTUIT COM INTU
FORD MOTOR CO F
MICROSOFT CORP MSFT
COCA-COLA CO/THE KO
PNC FINANCIAL SERVICES GROUP PNC
BROADRIDGE FINL SOLUTIONS I COM BR
WALGREEN BOOTS ALLIANCE INC WBA
MONSANTO CO MON
EXELON CORP EXC
HERSHEY CO/THE HSY
SANOFI-ADR SNY
THE CHEMOURS COMPANY CC
NAVIGANT CONSULTING INC NCI
T ROWE PRICE GROUP INC TROW
M & T BANK CORP MTB
CUMMINS INC CMI
ATHENAHEALTH INC ATHN
DIAGEO PLC-SPONSORED ADR DEO
MARRIOTT INTL INC NEW CL A MAR
HOME DEPOT INC HD
PRAXAIR INC PX
INTERPUBLIC GROUP OF COS INC IPG
BANK OF AMERICA CORP BAC
CREDIT SUISSE GROUP-SPON ADR CS
S&P GLOBAL INC SPGI
PFIZER INC PFE
AMERICAN EXPRESS CO AXP
CLOROX COMPANY CLX
DARDEN RESTAURANTS DRI
CBS B CBS
AETNA INC AET
UNILEVER NV - NY SHARES UN
APPLE INC AAPL
PORTLAND GENERAL ELECTRIC CO POR
CITIGROUP INC C
BIOVERATIV INC BIVV
ACCENTURE PLC-CL A ACN
CAMPBELL SOUP CO CPB
GAMESTOP CORP GME
DU PONT (E.I.) DE NEMOURS DD
BIOGEN INC BIIB
YELP YELP
UNITED TECHNOLOGIES CORP UTX
ALTRIA GROUP INC MO
WEYERHAEUSER CO WY
COLGATE-PALMOLIVE CO CL
ROYAL DUTCH SHELL PLC-ADR RDS/A
OWENS CORNING INC OC
BARNES & NOBLE INC BKS
UNITED CONTINENTAL HOLDINGS UAL
PAYPAL HOLDINGS INC. PYPL
TECH DATA CORP TECD
DEUTSCHE BANK AG-REGISTERED DB
SYMANTEC CORP SYMC
P G & E CORP PCG
GENERAL ELECTRIC CO GE
SALESFORCE.COM INC CRM
BANK OF NEW YORK MELLON CORP BK
GENWORTH FINANCIAL INC GNW
CIGNA CORP CI
TEXAS INSTRUMENTS INC TXN
MONDELEZ INTERNATIONAL INC MDLZ
NORTHROP GRUMMAN CORP NOC
TOYOTA MOTOR CORP -SPON ADR TM
ABBVIE INC ABBV
HEWLETT PACKARD ENTERPRISE COMPANY HPE
BEST BUY CO INC BBY
MANPOWERGROUP INC MAN
QUALCOMM INC QCOM
VISA INC-CLASS A SHARES V
OFFICE DEPOT INC ODP
SPRINT CORP S
3M COMPANY MMM
FRANKLIN RESOURCES INC BEN
CHUBB LTD CB
GLAXOSMITHKLINE PLC-SPON ADR GSK
ESTEE LAUDER COMPANIES INC EL
CA INC CA
MCDONALDS CORP MCD
ADOBE SYSTEMS INC ADBE
HURON CONSULTING GROUP INC HURN
MATTEL INC MAT
TIFFANY & CO TIF
KELLOGG CO K
STEELCASE INC SCS
PARK HOTELS & RESORTS INC PK
CAPITAL ONE FINL. COF
GENERAL MOTORS CO GM
WELLS FARGO & CO WFC
COMCAST CORP-CLASS A CMCSA
ROCKWELL COLLINS INC COL
ROYAL CARIBBEAN CRUISES LTD RCL
BOEING CO/THE BA
NORDSTROM INC JWN
KEYCORP KEY
ARCONIC INC ARNC
MEDTRONIC PLC MDT
BLACKROCK INC BLK
AMERICAN EAGLE OUT INC AEO
KROGER CO KR
DISCOVER FINANCIAL SERVICES DFS
AT&T T
MACYS INC M
AMERICAN INTERNATIONAL GROUP INC AIG
INTL BUSINESS MACHINES CORP IBM
CONVERGYS CORP CVG
BOOZ ALLEN HAMILTON HOLDING CORP BAH
AMERICAN AIRLINES GROUP INC AAL
NEWELL BRANDS INC NWL
HORMEL FOODS CORP HRL
T-MOBILE US INC TMUS
ALPHABET INC C-SHARES GOOG
WALT DISNEY CO/THE DIS
SONY CORP-SPONSORED ADR SNE
CNA FINANCIAL CORP (IL) CNA
NETAPP INC NTAP
COMERICA INC CMA
PROGRESSIVE CORP PGR
VISTEON CORP VC
HARTFORD FINANCIAL SERVICES GROUP INC HIG
EBAY INC EBAY
L BRANDS INC LB
YAHOO! INC YHOO
STATE STREET CORP STT

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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