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 11-18-2017
Name Ticker
HUNTINGTON BANCSHARES INC/OH HBAN
LOCKHEED MARTIN CORP LMT
SUNTRUST BANKS INC STI
MONSANTO CO MON
CONDUENT INC CNDT
COCA-COLA CO/THE KO
VISA INC-CLASS A SHARES V
CITIGROUP INC C
FRANKLIN RESOURCES INC BEN
ESTEE LAUDER COMPANIES INC EL
CISCO SYSTEMS INC CSCO
BT GROUP PLC-SPON ADR BT
AETNA INC AET
KEYCORP KEY
TESLA INC TSLA
INTL BUSINESS MACHINES CORP IBM
HOME DEPOT INC HD
L BRANDS INC LB
EDISON INTERNATIONAL EIX
YELP YELP
TRAVELERS COS INC/THE TRV
SANOFI-ADR SNY
CUMMINS INC CMI
CBRE GROUP INC CBG
STATE STREET CORP STT
DEUTSCHE BANK AG-REGISTERED DB
GENERAL ELECTRIC CO GE
CAESARS ENTERTAINMENT CORP CZR
ROYAL DUTCH SHELL PLC-ADR RDS/A
TWITTER INC TWTR
NORDSTROM INC JWN
MICROSOFT CORP MSFT
BROWN-FORMAN CORP-CLASS B BF/B
MONDELEZ INTERNATIONAL INC MDLZ
BALL CORP BLL
BAXTER INTL. BAX
BIOGEN INC BIIB
T-MOBILE US INC TMUS
ACCENTURE PLC-CL A ACN
SCHEIN HENRY INC HSIC
CHUBB LTD CB
MACYS INC M
JETBLUE AIRWAYS CORP JBLU
TAPESTRY INC TPR
JONES LANG LASALLE INC JLL
GLAXOSMITHKLINE PLC-SPON ADR GSK
TIFFANY & CO TIF
INTUIT COM INTU
ABBVIE INC ABBV
KELLOGG CO K
PARK HOTELS & RESORTS INC PK
ALASKA AIR GROUP ALK
ORACLE CORP ORCL
GENERAL MOTORS CO GM
TIME WARNER INC TWX
HERMAN MILLER INC MLHR
SCHWAB (CHARLES) CORP SCHW
THE CHEMOURS COMPANY CC
NEWELL BRANDS INC NWL
HARTFORD FINANCIAL SERVICES GROUP INC HIG
SALESFORCE.COM INC CRM
ROCKWELL AUTOMATION INC ROK
WALGREEN BOOTS ALLIANCE INC WBA
T ROWE PRICE GROUP INC TROW
FORTIVE CORP FTV
EBAY INC EBAY
CBS B CBS
XEROX CORP XRX
MATTEL INC MAT
TJX COMPANIES INC TJX
ELI LILLY & CO LLY
JPMORGAN CHASE & CO JPM
PNC FINANCIAL SERVICES GROUP PNC
ALCOA CORP AA
PROCTER & GAMBLE CO PG
MERCK & CO. INC. MRK
DANAHER CORP DHR
WHIRLPOOL CORP WHR
MARSH & MCLENNAN COS MMC
M & T BANK CORP MTB
PROGRESSIVE CORP PGR
HYATT HOTELS CORP H
NOKIA CORP-SPON ADR NOK
COMCAST CORP-CLASS A CMCSA
GROUPON INC. GRPN
SONY CORP-SPONSORED ADR SNE
SEMPRA ENERGY SRE
PRAXAIR INC PX
OFFICE DEPOT INC ODP
PPL CORP PPL
SPRINT CORP S
BARNES & NOBLE INC BKS
HERSHEY CO/THE HSY
HEWLETT PACKARD ENTERPRISE COMPANY HPE
BIOVERATIV INC BIVV
OWENS CORNING INC OC
MORGAN STANLEY MS
HILTON WORLDWIDE HOLDINGS INC HLT
AVIVA PLC - SPON ADR AVVIY
BLACKROCK INC BLK
MCKESSON CORP MCK
PRUDENTIAL FINANCIAL INC PRU
EXELON CORP EXC
CONVERGYS CORP CVG
ARAMARK ARMK
ABERCROMBIE & FITCH CO ANF
HARRIS CORP HRS
FORD MOTOR CO F
THERMO FISHER SCIENTIFIC INC TMO
CREDIT SUISSE GROUP-SPON ADR CS
VERIZON COMMUNICATIONS INC VZ
STARBUCKS CORP SBUX
BROADRIDGE FINL SOLUTIONS I COM BR
3M COMPANY MMM
CHOICE HOTELS INTL INC CHH
EXPRESS SCRIPTS INC ESRX
HORMEL FOODS CORP HRL
ARCONIC INC ARNC
TEGNA INC TGNA
AMERIPRISE FINL AMP
GENWORTH FINANCIAL INC GNW
CA INC CA
NCR CORP NCR
AT&T T
TORONTO-DOMINION BANK TD
BARCLAYS PLC-SPONS ADR BCS
CVS HEALTH CORP CVS
JOHNSON & JOHNSON JNJ
BOEING CO/THE BA
BEST BUY CO INC BBY
SYMANTEC CORP SYMC
UNITED TECHNOLOGIES CORP UTX
SIRIUS XM HOLDINGS INC SIRI
ALPHABET INC C-SHARES GOOG
WYNN RESORTS LTD WYNN
HP INC HPQ
S&P GLOBAL INC SPGI
AMERICAN EXPRESS CO AXP
NAVIGANT CONSULTING INC NCI
CHEVRON CORP CVX
FACEBOOK INC FB
CNA FINANCIAL CORP (IL) CNA
ADOBE SYSTEMS INC ADBE
BANK OF AMERICA CORP BAC
NETAPP INC NTAP
HSBC HOLDINGS PLC-SPONS ADR HSBC
PRINCIPAL FINANCIAL GROUP PFG
MANPOWERGROUP INC MAN
GAP INC/THE GPS
MASTERCARD INC-CLASS A MA
METLIFE INC MET
SEARS HOLDINGS CORP SHLD
DARDEN RESTAURANTS DRI
THOMSON REUTERS CORP TRI
AMERICAN INTERNATIONAL GROUP INC AIG
COLGATE-PALMOLIVE CO CL
ANTHEM INC ANTM
KIMBERLY-CLARK CORP KMB
WALT DISNEY CO/THE DIS
BOSTON SCIENTIFIC CORP BSX
CAPITAL ONE FINL. COF
INTERPUBLIC GROUP OF COS INC IPG
US BANCORP USB
PEPSICO INC PEP
DOWDUPONT INC DWDP
GOLDMAN SACHS GROUP INC GS
NORTHERN TRUST CORP NTRS
FIFTH THIRD BANCORP FITB
P G & E CORP PCG
TARGET CORP TGT
AMERICAN EAGLE OUT INC AEO
CLOROX COMPANY CLX
DIAGEO PLC-SPONSORED ADR DEO
GAMESTOP CORP GME
VISTEON CORP VC
NETFLIX INC NFLX
MCDONALDS CORP MCD
AMERICAN AIRLINES GROUP INC AAL
NOVARTIS AG-ADR NVS
COMERICA INC CMA
WELLS FARGO & CO WFC
WEYERHAEUSER CO WY
CIGNA CORP CI
ROYAL BANK OF CANADA RY
GENERAL MILLS INC GIS
SUN LIFE FINANCIAL INC SLF
IHS MARKIT LTD INFO
NORTHROP GRUMMAN CORP NOC
TIME INC TIME
TEXAS INSTRUMENTS INC TXN
SOUTHWEST AIRLINES CO LUV
WYNDHAM WORLDWIDE WYN
INTERCONTINENTAL HOTELS GROUP PLC IHG
KRAFT HEINZ CO/THE KHC
MGM RESORTS INTERNATIONAL MGM
ECOLAB INC ECL
VOYA FINANCIAL INC VOYA
BOOZ ALLEN HAMILTON HOLDING CORP BAH
AON PLC AON
NVIDIA CORP NVDA
UNITED CONTINENTAL HOLDINGS UAL
BRISTOL-MYERS SQUIBB CO BMY
MEDTRONIC PLC MDT
PORTLAND GENERAL ELECTRIC CO POR
BRIGHTHOUSE FINANCIAL INC BHF
VIACOM INC-CLASS B VIAB
PFIZER INC PFE
UNILEVER NV - NY SHARES UN
NIELSEN HOLDINGS PLC NLSN
TOYOTA MOTOR CORP -SPON ADR TM
NIKE INC NKE
MOODYS CORP MCO
KROGER CO KR
ALTRIA GROUP INC MO
EATON CORP PLC ETN
QUALCOMM INC QCOM
RAYTHEON B RTN
APPLE INC AAPL
ROCKWELL COLLINS INC COL
CAMPBELL SOUP CO CPB
AUTOMATIC DATA PROCESSING ADP
UNITEDHEALTH GROUP INC UNH
MARRIOTT INTL INC NEW CL A MAR
ROYAL CARIBBEAN CRUISES LTD RCL
PEARSON PLC-SPONSORED ADR PSO
AMERICAN ELECTRIC POWER AEP
HILTON GRAND VACATIONS INC HGV
FACTSET RESEARCH SYSTEMS INC FDS
STEELCASE INC SCS
HUMANA INC HUM
AVON PRODUCTS INC AVP
BANK OF MONTREAL BMO
ASTRAZENECA PLC-SPONS ADR AZN
CARDINAL HEALTH INC CAH
UBS GROUP AG UBS
ELECTRONIC ARTS INC EA
PAYPAL HOLDINGS INC. PYPL
CARS.COM INC CARS
BANK OF NEW YORK MELLON CORP BK
DISCOVER FINANCIAL SERVICES DFS
WW GRAINGER INC GWW
INTEL CORP INTC
HURON CONSULTING GROUP INC HURN
TECH DATA CORP TECD
CORNING INC GLW
ATHENAHEALTH INC ATHN

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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