Markets don't like female leaders.

Big mistake.

Pink Chip indices measure the performance of women-led companies against global benchmarks. They prove women are better for business, whether markets like it or not.

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TOP

SECTORS

i

All

SECTORS

i

#%of indexNameof sector
117%Health Technology
213%Technology Services
311%Electronic Technology
48%Transportation
57%Finance
66%Utilities
76%Retail Trade
85%Consumer Non-Durables
94%Process Industries
104%Commercial Services
114%Health Services
123%Producer Manufacturing
133%Consumer Services
143%Consumer Durables
153%Energy Minerals
161%Non-Energy Minerals

Top ten

Holdings

Ranked by index %, displayed with market cap size.

i

All

Companies

i

Holding

Ticker

Female lead

since

CEO

Name

% of Index

Index

Mkt Cap

(USD)

Gross Income

(1Y)

Rev Growth

(1Y)

Industry

Sector

01

Advanced Micro Devices Inc. AMD

October
2014

Lisa T. Su PhD

3.23%

$311,087,443,191

37.88%

-3.90%

Electronic Technology

02

Sunrun Inc RUN

August
2021

Mary G. Powell

3.12%

$2,643,864,282

6.89%

-2.65%

Electronic Technology

03

ArcBest Corp ARCB

January
2010

Judy R. McReynolds CPA

3.03%

$3,360,167,281

8.55%

-16.84%

Transportation

04

Insight Enterprises Inc. NSIT

October
2020

Joyce A. Mullen MBA

3.02%

$6,126,950,150

18.19%

-12.03%

Technology Services

05

HubSpot Inc HUBS

September
2021

Yamini Rangan MBA

3.01%

$31,357,882,198

84.08%

25.38%

Technology Services

06

Pagerduty Inc PD

July
2016

Jennifer Tejada

3.00%

$2,220,118,406

81.88%

15.41%

Technology Services

07

Arista Networks Inc ANET

October
2008

Jayshree V. Ullal

2.99%

$86,768,342,139

61.95%

33.75%

Electronic Technology

08

International Seaways Inc INSW

December
2016

Lois K. Zabrocky

2.99%

$2,588,753,810

58.55%

23.83%

Transportation

09

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

2.99%

$16,550,510,772

22.23%

13.10%

Process Industries

10

AMN Healthcare Services Inc. AMN

November
2021

Cary Grace MBA

2.97%

$2,131,988,071

28.89%

-27.73%

Commercial Services

11

Taylor Morrison Home Corp. TMHC

January
2007

Sheryl D. Palmer

2.97%

$6,024,943,644

23.92%

-9.81%

Consumer Durables

12

Halozyme Therapeutics Inc. HALO

January
2014

Helen I. Torley MD

2.96%

$5,048,895,406

67.91%

25.62%

Health Technology

13

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

2.96%

$53,306,462,243

34.39%

-21.85%

Energy Minerals

14

Blueprint Medicines Corp BPMC

April
2022

Kate Haviland

2.90%

$5,726,444,115

90.19%

22.22%

Health Technology

15

Centene Corp. CNC

January
2022

Sarah McGinty London MBA

2.88%

$41,949,303,377

NaN%

6.54%

Health Services

16

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

2.87%

$6,730,035,520

92.73%

85.51%

Health Technology

17

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

2.86%

$108,680,421,373

87.17%

12.47%

Health Technology

18

Alnylam Pharmaceuticals Inc ALNY

January
2022

Yvonne L. Greenstreet MD

2.81%

$19,029,149,426

83.02%

76.23%

Health Technology

19

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

1.65%

$6,039,816,559

26.17%

107.92%

Producer Manufacturing

20

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.63%

$4,879,232,719

10.64%

9.56%

Utilities

21

Best Buy Co. Inc. BBY

June
2019

Corie Sue Barry

1.56%

$17,421,225,104

21.96%

-6.15%

Retail Trade

22

Cable One Inc CABO

January
2017

Julia M. Laulis

1.54%

$2,562,313,557

53.29%

-1.64%

Consumer Services

23

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

1.54%

$3,537,749,079

94.08%

52.60%

Finance

24

Tootsie Roll Industries, Inc. TR

January
2015

Ellen R. Gordon

1.53%

$2,276,180,121

34.10%

17.21%

Consumer Non-Durables

25

Fidelity National Information Services, Inc. FIS

December
2022

Stephanie L. Ferris CPA

1.52%

$39,885,667,292

37.43%

-32.40%

Technology Services

26

Franklin Resources, Inc. BEN

December
2016

Jenny Johnson

1.51%

$14,454,015,371

75.02%

1.92%

Finance

27

Williams-Sonoma, Inc. WSM

June
1995

Laura Jean Alber

1.51%

$15,107,957,773

44.36%

-15.46%

Retail Trade

28

Equity Lifestyle Properties Inc. ELS

February
2013

Marguerite M. Nader

1.51%

$12,554,657,087

36.48%

3.87%

Finance

29

Bellring Brands Inc BRBR

October
2019

Darcy Horn Davenport MBA

1.50%

$7,459,259,586

29.23%

18.67%

Consumer Non-Durables

30

PG&E Corp. PCG

January
2021

Patricia K. Poppe

1.50%

$35,610,169,792

12.14%

9.16%

Utilities

31

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

1.50%

$11,112,458,400

41.12%

12.19%

Electronic Technology

32

New York Times Co. - Ordinary Shares - Class A NYT

September
2020

Meredith Kopit Levien

1.50%

$7,231,741,483

44.97%

5.10%

Consumer Services

33

Dicks Sporting Goods, Inc. DKS

February
2021

Lauren R. Hobart MBA

1.49%

$10,348,506,284

35.10%

2.82%

Retail Trade

34

H.B. Fuller Company FUL

December
2022

Celeste Beeks Mastin MBA

1.49%

$4,311,159,458

29.16%

-6.35%

Process Industries

35

Hillenbrand Inc HI

December
2021

Kimberly K. Ryan

1.49%

$3,335,645,942

29.19%

17.94%

Producer Manufacturing

36

Allete, Inc. ALE

February
2020

Bethany M. Owen

1.49%

$3,261,230,583

12.67%

19.68%

Utilities

37

Zoetis Inc - Ordinary Shares - Class A ZTS

January
2020

Kristin C. Peck MBA

1.48%

$90,808,788,030

68.28%

5.74%

Health Technology

38

United Parcel Service, Inc. - Ordinary Shares - Class B UPS

January
2020

Carol B. Tomé MBA

1.48%

$107,757,841,643

19.51%

-9.29%

Transportation

39

Nasdaq Inc - Ordinary Shares - 144A NDAQ

January
2017

Adena T. Friedman MBA

1.48%

$32,326,608,154

58.91%

-2.60%

Finance

40

CDW Corp CDW

January
2019

Christine A. Leahy

1.47%

$33,045,105,204

21.76%

-9.99%

Technology Services

41

Hershey Company HSY

March
2017

Michele G. Buck MBA

1.47%

$28,063,303,727

45.24%

7.16%

Consumer Non-Durables

42

Accenture plc - Ordinary Shares - Class A ACN

September
2019

Julie Spellman Sweet

1.46%

$234,984,016,892

33.64%

3.03%

Technology Services

43

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.46%

$9,170,387,919

58.58%

8.40%

Commercial Services

44

Elevance Health Inc ELV

January
2017

Gail Koziara Boudreaux MBA

1.46%

$116,625,201,759

NaN%

9.42%

Health Services

45

Reliance Steel & Aluminum Co. RS

January
2023

Karla Renee Lewis CPA

1.46%

$18,460,908,427

29.06%

-13.03%

Non-Energy Minerals

46

PNM Resources Inc PNM

August
2008

Patricia K. Vincent-Collawn MBA

1.45%

$3,133,831,216

32.34%

-13.80%

Utilities

47

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.44%

$111,021,012,049

NaN%

25.20%

Finance

48

Signet Jewelers Ltd SIG

August
2017

Virginia C. Drosos MBA

1.42%

$4,509,724,548

36.01%

-12.06%

Retail Trade

49

Lantheus Holdings Inc LNTH

April
2013

Mary Anne Heino MBA

1.42%

$4,480,200,825

65.38%

38.65%

Health Technology

index

Criteria

i

01

A Female ceo

Companies must have a female¹ CEO.

Why?

Women are hugely underrepresented at the CEO position, making up just 6% of CEOs globally. The decisions that these leaders make have a huge impact on a business’ performance while they are at the helm.

02

>$2BN MARKET CAP, US LISTED

Companies must be listed on a US stock exchange and have a minimum market cap of US$ 2 billion.

Why?

For now, Pink Chip focuses on mid and large-cap companies listed on US exchanges. This is an intentional choice designed to constrain the universe of the index.

03

>8% CAGR OVER 3 YEARS

Companies must have demonstrated revenue growth of at least 8% over the last 3 years.

Why?

Think of this as a quality control measure. By only including companies that have have demonstrated sustained, impactful growth over a 3 year-window, we can control for the glass cliff effect².

1 Please note that when we speak of “Female”, we are inclusive of all female-identifying people.

2 Research has shown that women are more likely than men to be appointed to boards or positions of leadership in companies experiencing consistently bad performance. This phenomenon is called the glass cliff, and it means women are more likely to be ‘caretaker CEOs’ than their male counterparts. Source: Ryan, M. And Haslam, S. (2005).

Index

Methodology

i

PINK CHIP IS A WEIGHTED INDEX.

Of the companies that meet our criteria, we only include those that are in the top 50th percentile based on 3-year revenue growth rates. Of those companies, we overweight the companies in the top 20th percentile.

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FAQ

Why “Pink Chip”?

In the world of finance and trading, investors refer to stocks as "chips" and categorise them based on colour. Blue chips, for example, are stocks of companies that are considered as large, well-known and highly valued companies, while "green chips" refer to companies working in green energy, sustainability or other activities associated with environmentalism.

Pink Chip represents an entirely new financial category in which “pink” refers to the power that women bring to the businesses that they lead.

Are women better for business?

Are markets biased against women?

Can I invest in Pink Chip?

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