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 08-20-2017
Name Ticker
INTERCONTINENTAL HOTELS GROUP PLC IHG
JPMORGAN CHASE & CO JPM
WW GRAINGER INC GWW
YELP YELP
EDISON INTERNATIONAL EIX
ELI LILLY & CO LLY
SEMPRA ENERGY SRE
INTERPUBLIC GROUP OF COS INC IPG
HILTON GRAND VACATIONS INC HGV
JETBLUE AIRWAYS CORP JBLU
EXELON CORP EXC
MOODYS CORP MCO
FACTSET RESEARCH SYSTEMS INC FDS
ABBVIE INC ABBV
TRAVELERS COS INC/THE TRV
ORACLE CORP ORCL
PROCTER & GAMBLE CO PG
BANK OF MONTREAL BMO
DOW CHEMICAL DOW
CARS.COM INC CARS
HUNTINGTON BANCSHARES INC/OH HBAN
CITIGROUP INC C
HP INC HPQ
DU PONT (E.I.) DE NEMOURS DD
UNITEDHEALTH GROUP INC UNH
ALPHABET INC C-SHARES GOOG
GROUPON INC. GRPN
KROGER CO KR
NOKIA CORP-SPON ADR NOK
WEYERHAEUSER CO WY
ACCENTURE PLC-CL A ACN
TESLA INC TSLA
KIMBERLY-CLARK CORP KMB
ROCKWELL AUTOMATION INC ROK
ANTHEM INC ANTM
HURON CONSULTING GROUP INC HURN
KEYCORP KEY
MGM RESORTS INTERNATIONAL MGM
PAYPAL HOLDINGS INC. PYPL
NIELSEN HOLDINGS PLC NLSN
WALGREEN BOOTS ALLIANCE INC WBA
SCHEIN HENRY INC HSIC
ECOLAB INC ECL
SPRINT CORP S
VIACOM INC-CLASS B VIAB
VISTEON CORP VC
HERSHEY CO/THE HSY
BANK OF NEW YORK MELLON CORP BK
WHIRLPOOL CORP WHR
KELLOGG CO K
GAP INC/THE GPS
SUNTRUST BANKS INC STI
ELECTRONIC ARTS INC EA
CIGNA CORP CI
CA INC CA
ATHENAHEALTH INC ATHN
INTUIT COM INTU
CHEVRON CORP CVX
BALL CORP BLL
CUMMINS INC CMI
CORNING INC GLW
HILTON WORLDWIDE HOLDINGS INC HLT
DEUTSCHE BANK AG-REGISTERED DB
COCA-COLA CO/THE KO
LEVEL 3 COMMUNICATIONS INC LVLT
CISCO SYSTEMS INC CSCO
OWENS CORNING INC OC
PRUDENTIAL FINANCIAL INC PRU
COMCAST CORP-CLASS A CMCSA
AUTOMATIC DATA PROCESSING ADP
HERMAN MILLER INC MLHR
METLIFE INC MET
HSBC HOLDINGS PLC-SPONS ADR HSBC
TWITTER INC TWTR
QUALCOMM INC QCOM
NOVARTIS AG-ADR NVS
NORTHERN TRUST CORP NTRS
UNILEVER NV - NY SHARES UN
VISA INC-CLASS A SHARES V
CBRE GROUP INC CBG
PARK HOTELS & RESORTS INC PK
NEWELL BRANDS INC NWL
COMERICA INC CMA
FACEBOOK INC FB
XEROX CORP XRX
MEDTRONIC PLC MDT
INTL BUSINESS MACHINES CORP IBM
PORTLAND GENERAL ELECTRIC CO POR
JONES LANG LASALLE INC JLL
CARDINAL HEALTH INC CAH
AMERICAN AIRLINES GROUP INC AAL
M & T BANK CORP MTB
CAMPBELL SOUP CO CPB
TIME WARNER INC TWX
NORDSTROM INC JWN
FORD MOTOR CO F
MARRIOTT INTL INC NEW CL A MAR
ROYAL CARIBBEAN CRUISES LTD RCL
TEGNA INC TGNA
BIOGEN INC BIIB
DANAHER CORP DHR
US BANCORP USB
BT GROUP PLC-SPON ADR BT
SALESFORCE.COM INC CRM
EATON CORP PLC ETN
NVIDIA CORP NVDA
RAYTHEON B RTN
TIFFANY & CO TIF
AMERICAN EXPRESS CO AXP
FRANKLIN RESOURCES INC BEN
MASTERCARD INC-CLASS A MA
STATE STREET CORP STT
PROGRESSIVE CORP PGR
MATTEL INC MAT
AMERIPRISE FINL AMP
PFIZER INC PFE
SANOFI-ADR SNY
CREDIT SUISSE GROUP-SPON ADR CS
MCKESSON CORP MCK
AON PLC AON
BOEING CO/THE BA
CONDUENT INC CNDT
EBAY INC EBAY
PNC FINANCIAL SERVICES GROUP PNC
GENERAL ELECTRIC CO GE
PRINCIPAL FINANCIAL GROUP PFG
HARRIS CORP HRS
NETFLIX INC NFLX
BANK OF AMERICA CORP BAC
APPLE INC AAPL
AMERICAN EAGLE OUT INC AEO
NCR CORP NCR
CAESARS ENTERTAINMENT CORP CZR
BRISTOL-MYERS SQUIBB CO BMY
BARNES & NOBLE INC BKS
HUMANA INC HUM
OFFICE DEPOT INC ODP
ALCOA CORP AA
CONVERGYS CORP CVG
NIKE INC NKE
HOME DEPOT INC HD
T-MOBILE US INC TMUS
GENERAL MILLS INC GIS
NORTHROP GRUMMAN CORP NOC
AVIVA PLC - SPON ADR AVVIY
GENERAL MOTORS CO GM
ARAMARK ARMK
AMERICAN INTERNATIONAL GROUP INC AIG
SONY CORP-SPONSORED ADR SNE
COACH INC COH
FIFTH THIRD BANCORP FITB
ROYAL BANK OF CANADA RY
IHS MARKIT LTD INFO
MANPOWERGROUP INC MAN
BARCLAYS PLC-SPONS ADR BCS
CBS B CBS
FORTIVE CORP FTV
WALT DISNEY CO/THE DIS
BEST BUY CO INC BBY
HARTFORD FINANCIAL SERVICES GROUP INC HIG
MACYS INC M
GLAXOSMITHKLINE PLC-SPON ADR GSK
CVS HEALTH CORP CVS
UNITED CONTINENTAL HOLDINGS UAL
T ROWE PRICE GROUP INC TROW
SUN LIFE FINANCIAL INC SLF
ALTRIA GROUP INC MO
THERMO FISHER SCIENTIFIC INC TMO
TJX COMPANIES INC TJX
CLOROX COMPANY CLX
GENWORTH FINANCIAL INC GNW
UBS GROUP AG UBS
KRAFT HEINZ CO/THE KHC
NAVIGANT CONSULTING INC NCI
PRAXAIR INC PX
HEWLETT PACKARD ENTERPRISE COMPANY HPE
BAXTER INTL. BAX
BOOZ ALLEN HAMILTON HOLDING CORP BAH
3M COMPANY MMM
SEARS HOLDINGS CORP SHLD
CAPITAL ONE FINL. COF
BLACKROCK INC BLK
ARCONIC INC ARNC
HORMEL FOODS CORP HRL
INTEL CORP INTC
WYNDHAM WORLDWIDE WYN
TOYOTA MOTOR CORP -SPON ADR TM
PEARSON PLC-SPONSORED ADR PSO
THE CHEMOURS COMPANY CC
JOHNSON & JOHNSON JNJ
AT&T T
ROCKWELL COLLINS INC COL
COLGATE-PALMOLIVE CO CL
AETNA INC AET
ABERCROMBIE & FITCH CO ANF
ALASKA AIR GROUP ALK
ADOBE SYSTEMS INC ADBE
L BRANDS INC LB
SIRIUS XM HOLDINGS INC SIRI
VERIZON COMMUNICATIONS INC VZ
BROADRIDGE FINL SOLUTIONS I COM BR
S&P GLOBAL INC SPGI
TORONTO-DOMINION BANK TD
TIME INC TIME
MORGAN STANLEY MS
MONSANTO CO MON
HYATT HOTELS CORP H
STARBUCKS CORP SBUX
TEXAS INSTRUMENTS INC TXN
MCDONALDS CORP MCD
MERCK & CO. INC. MRK
DARDEN RESTAURANTS DRI
PEPSICO INC PEP
THOMSON REUTERS CORP TRI
VOYA FINANCIAL INC VOYA
LOCKHEED MARTIN CORP LMT
UNITED TECHNOLOGIES CORP UTX
P G & E CORP PCG
BIOVERATIV INC BIVV
SOUTHWEST AIRLINES CO LUV
SCHWAB (CHARLES) CORP SCHW
MICROSOFT CORP MSFT
NETAPP INC NTAP
SYMANTEC CORP SYMC
AVON PRODUCTS INC AVP
WELLS FARGO & CO WFC
WYNN RESORTS LTD WYNN
CHUBB LTD CB
GAMESTOP CORP GME
BROWN-FORMAN CORP-CLASS B BF/B
MONDELEZ INTERNATIONAL INC MDLZ
STEELCASE INC SCS
BRIGHTHOUSE FINANCIAL INC BHF
ROYAL DUTCH SHELL PLC-ADR RDS/A
BOSTON SCIENTIFIC CORP BSX
TECH DATA CORP TECD
DISCOVER FINANCIAL SERVICES DFS
EXPRESS SCRIPTS INC ESRX
PPL CORP PPL
STAPLES INC SPLS
GOLDMAN SACHS GROUP INC GS
CNA FINANCIAL CORP (IL) CNA
DIAGEO PLC-SPONSORED ADR DEO
MARSH & MCLENNAN COS MMC
ASTRAZENECA PLC-SPONS ADR AZN
AMERICAN ELECTRIC POWER AEP
CHOICE HOTELS INTL INC CHH
ESTEE LAUDER COMPANIES INC EL
TARGET CORP TGT

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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