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 09-22-2017
Name Ticker
THOMSON REUTERS CORP TRI
DISCOVER FINANCIAL SERVICES DFS
GLAXOSMITHKLINE PLC-SPON ADR GSK
VISA INC-CLASS A SHARES V
PARK HOTELS & RESORTS INC PK
CNA FINANCIAL CORP (IL) CNA
PROCTER & GAMBLE CO PG
PRINCIPAL FINANCIAL GROUP PFG
TECH DATA CORP TECD
INTERPUBLIC GROUP OF COS INC IPG
BANK OF MONTREAL BMO
CHOICE HOTELS INTL INC CHH
BANK OF AMERICA CORP BAC
ARAMARK ARMK
ARCONIC INC ARNC
BOEING CO/THE BA
T-MOBILE US INC TMUS
EDISON INTERNATIONAL EIX
UNITED TECHNOLOGIES CORP UTX
HEWLETT PACKARD ENTERPRISE COMPANY HPE
MCDONALDS CORP MCD
VOYA FINANCIAL INC VOYA
MICROSOFT CORP MSFT
METLIFE INC MET
MONSANTO CO MON
AMERIPRISE FINL AMP
MARRIOTT INTL INC NEW CL A MAR
EBAY INC EBAY
BROWN-FORMAN CORP-CLASS B BF/B
WW GRAINGER INC GWW
SANOFI-ADR SNY
AON PLC AON
FACEBOOK INC FB
NVIDIA CORP NVDA
US BANCORP USB
MARSH & MCLENNAN COS MMC
KRAFT HEINZ CO/THE KHC
CAMPBELL SOUP CO CPB
COMERICA INC CMA
HUNTINGTON BANCSHARES INC/OH HBAN
ROCKWELL AUTOMATION INC ROK
STARBUCKS CORP SBUX
BEST BUY CO INC BBY
PFIZER INC PFE
JONES LANG LASALLE INC JLL
BIOVERATIV INC BIVV
HURON CONSULTING GROUP INC HURN
UNILEVER NV - NY SHARES UN
PROGRESSIVE CORP PGR
YELP YELP
INTERCONTINENTAL HOTELS GROUP PLC IHG
SIRIUS XM HOLDINGS INC SIRI
SALESFORCE.COM INC CRM
OFFICE DEPOT INC ODP
AMERICAN INTERNATIONAL GROUP INC AIG
BARCLAYS PLC-SPONS ADR BCS
KEYCORP KEY
DARDEN RESTAURANTS DRI
3M COMPANY MMM
JPMORGAN CHASE & CO JPM
TOYOTA MOTOR CORP -SPON ADR TM
STEELCASE INC SCS
CARDINAL HEALTH INC CAH
ROCKWELL COLLINS INC COL
NOVARTIS AG-ADR NVS
THERMO FISHER SCIENTIFIC INC TMO
CBRE GROUP INC CBG
FORD MOTOR CO F
SONY CORP-SPONSORED ADR SNE
NORTHROP GRUMMAN CORP NOC
OWENS CORNING INC OC
HUMANA INC HUM
JOHNSON & JOHNSON JNJ
HP INC HPQ
TIME INC TIME
WYNN RESORTS LTD WYNN
SEMPRA ENERGY SRE
L BRANDS INC LB
TWITTER INC TWTR
FORTIVE CORP FTV
HYATT HOTELS CORP H
LOCKHEED MARTIN CORP LMT
SPRINT CORP S
HERSHEY CO/THE HSY
BALL CORP BLL
CAPITAL ONE FINL. COF
PEPSICO INC PEP
NETAPP INC NTAP
NORDSTROM INC JWN
RAYTHEON B RTN
SOUTHWEST AIRLINES CO LUV
ATHENAHEALTH INC ATHN
SCHWAB (CHARLES) CORP SCHW
BIOGEN INC BIIB
AMERICAN AIRLINES GROUP INC AAL
AETNA INC AET
NAVIGANT CONSULTING INC NCI
MORGAN STANLEY MS
CITIGROUP INC C
ALPHABET INC C-SHARES GOOG
IHS MARKIT LTD INFO
GENWORTH FINANCIAL INC GNW
MCKESSON CORP MCK
ROYAL CARIBBEAN CRUISES LTD RCL
CAESARS ENTERTAINMENT CORP CZR
VERIZON COMMUNICATIONS INC VZ
CBS B CBS
GOLDMAN SACHS GROUP INC GS
ACCENTURE PLC-CL A ACN
HILTON GRAND VACATIONS INC HGV
THE CHEMOURS COMPANY CC
ANTHEM INC ANTM
VISTEON CORP VC
MONDELEZ INTERNATIONAL INC MDLZ
AMERICAN EAGLE OUT INC AEO
S&P GLOBAL INC SPGI
BRISTOL-MYERS SQUIBB CO BMY
TORONTO-DOMINION BANK TD
ELI LILLY & CO LLY
BARNES & NOBLE INC BKS
ADOBE SYSTEMS INC ADBE
MERCK & CO. INC. MRK
PEARSON PLC-SPONSORED ADR PSO
AVON PRODUCTS INC AVP
QUALCOMM INC QCOM
FACTSET RESEARCH SYSTEMS INC FDS
PNC FINANCIAL SERVICES GROUP PNC
AMERICAN ELECTRIC POWER AEP
BOSTON SCIENTIFIC CORP BSX
ALASKA AIR GROUP ALK
NOKIA CORP-SPON ADR NOK
BROADRIDGE FINL SOLUTIONS I COM BR
WHIRLPOOL CORP WHR
GAMESTOP CORP GME
INTUIT COM INTU
HOME DEPOT INC HD
SUN LIFE FINANCIAL INC SLF
TRAVELERS COS INC/THE TRV
PRAXAIR INC PX
EXELON CORP EXC
CA INC CA
HARRIS CORP HRS
GENERAL ELECTRIC CO GE
HORMEL FOODS CORP HRL
KIMBERLY-CLARK CORP KMB
ROYAL BANK OF CANADA RY
LEVEL 3 COMMUNICATIONS INC LVLT
MACYS INC M
NIKE INC NKE
STATE STREET CORP STT
ABBVIE INC ABBV
AVIVA PLC - SPON ADR AVVIY
BLACKROCK INC BLK
CONDUENT INC CNDT
ESTEE LAUDER COMPANIES INC EL
APPLE INC AAPL
COCA-COLA CO/THE KO
MEDTRONIC PLC MDT
BRIGHTHOUSE FINANCIAL INC BHF
PORTLAND GENERAL ELECTRIC CO POR
TARGET CORP TGT
CVS HEALTH CORP CVS
WELLS FARGO & CO WFC
WYNDHAM WORLDWIDE WYN
BAXTER INTL. BAX
HILTON WORLDWIDE HOLDINGS INC HLT
M & T BANK CORP MTB
SEARS HOLDINGS CORP SHLD
COMCAST CORP-CLASS A CMCSA
CHEVRON CORP CVX
KELLOGG CO K
INTL BUSINESS MACHINES CORP IBM
ALTRIA GROUP INC MO
AT&T T
WALGREEN BOOTS ALLIANCE INC WBA
TIME WARNER INC TWX
COACH INC COH
GAP INC/THE GPS
DEUTSCHE BANK AG-REGISTERED DB
GENERAL MOTORS CO GM
EATON CORP PLC ETN
ASTRAZENECA PLC-SPONS ADR AZN
TIFFANY & CO TIF
DIAGEO PLC-SPONSORED ADR DEO
CLOROX COMPANY CLX
ECOLAB INC ECL
ALCOA CORP AA
UNITED CONTINENTAL HOLDINGS UAL
HSBC HOLDINGS PLC-SPONS ADR HSBC
CISCO SYSTEMS INC CSCO
PPL CORP PPL
ABERCROMBIE & FITCH CO ANF
ELECTRONIC ARTS INC EA
NETFLIX INC NFLX
TEXAS INSTRUMENTS INC TXN
MATTEL INC MAT
CUMMINS INC CMI
PAYPAL HOLDINGS INC. PYPL
TJX COMPANIES INC TJX
CREDIT SUISSE GROUP-SPON ADR CS
DOWDUPONT INC DWDP
BANK OF NEW YORK MELLON CORP BK
VIACOM INC-CLASS B VIAB
CONVERGYS CORP CVG
GENERAL MILLS INC GIS
FRANKLIN RESOURCES INC BEN
CORNING INC GLW
CARS.COM INC CARS
NORTHERN TRUST CORP NTRS
MGM RESORTS INTERNATIONAL MGM
AMERICAN EXPRESS CO AXP
BOOZ ALLEN HAMILTON HOLDING CORP BAH
SUNTRUST BANKS INC STI
NEWELL BRANDS INC NWL
MOODYS CORP MCO
PRUDENTIAL FINANCIAL INC PRU
UNITEDHEALTH GROUP INC UNH
TESLA INC TSLA
P G & E CORP PCG
EXPRESS SCRIPTS INC ESRX
INTEL CORP INTC
WEYERHAEUSER CO WY
SCHEIN HENRY INC HSIC
NCR CORP NCR
FIFTH THIRD BANCORP FITB
KROGER CO KR
SYMANTEC CORP SYMC
MANPOWERGROUP INC MAN
ORACLE CORP ORCL
AUTOMATIC DATA PROCESSING ADP
COLGATE-PALMOLIVE CO CL
WALT DISNEY CO/THE DIS
MASTERCARD INC-CLASS A MA
ROYAL DUTCH SHELL PLC-ADR RDS/A
UBS GROUP AG UBS
CIGNA CORP CI
T ROWE PRICE GROUP INC TROW
DANAHER CORP DHR
JETBLUE AIRWAYS CORP JBLU
XEROX CORP XRX
HARTFORD FINANCIAL SERVICES GROUP INC HIG
BT GROUP PLC-SPON ADR BT
HERMAN MILLER INC MLHR
GROUPON INC. GRPN
CHUBB LTD CB
NIELSEN HOLDINGS PLC NLSN
TEGNA INC TGNA

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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