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.

Help us bring pink chip to every market.

TOP

SECTORS

i

All

SECTORS

i

#%of indexNameof sector
114%Finance
213%Technology Services
313%Health Technology
412%Producer Manufacturing
510%Electronic Technology
67%Consumer Services
76%Consumer Non-Durables
86%Commercial Services
95%Energy Minerals
103%Transportation
113%Health Services
122%Consumer Durables
132%Non-Energy Minerals
142%Utilities
152%Industrial Services
161%Process Industries

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

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

5.88%

$8,151,652,993

29.57%

18.33%

Producer Manufacturing

02

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

4.12%

$8,963,746,560

91.27%

39.00%

Health Technology

03

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

4.10%

$7,227,374,143

N/A%

-18.61%

Finance

04

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.66%

$3,241,810,073

94.89%

-17.20%

Finance

05

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.54%

$33,052,649,578

82.85%

-33.26%

Health Technology

06

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.51%

$29,316,542,910.097

41.23%

-16.71%

Energy Minerals

07

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.09%

$6,157,786,867

76.84%

34.28%

Health Technology

08

Upwork Inc UPWK

Jan
2020

Hayden Brown

2.99%

$2,266,994,394

77.60%

10.27%

Commercial Services

09

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.68%

$45,342,293,107.781

82.36%

16.80%

Consumer Services

10

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

2.66%

$38,287,649,071

85.17%

20.12%

Technology Services

11

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

2.46%

$5,705,556,666

76.47%

17.35%

Technology Services

12

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

2.44%

$10,052,336,076

33.68%

19.76%

Consumer Non-Durables

13

Pagerduty Inc PD

July
2016

Jennifer Tejada

2.23%

$1,917,598,326

82.96%

9.41%

Technology Services

14

Citigroup Inc C

Mar
2021

Jane Fraser

2.21%

$136,454,756,078

N/A%

5.65%

Finance

15

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.13%

$136,368,968,201

64.15%

19.97%

Electronic Technology

16

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

2.12%

$3,120,552,228

21.07%

-2.74%

Producer Manufacturing

17

Sunrun Inc RUN

Aug
2021

Mary G. Powell

2.11%

$2,373,510,525

15.00%

-4.62%

Electronic Technology

18

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

2.11%

$89,610,010,025

36.94%

1.17%

Electronic Technology

19

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.07%

$12,672,685,273

39.78%

-8.94%

Electronic Technology

20

General Motors Company GM

Jan
2014

Mary Barra

2.06%

$58,729,412,856

13.12%

10.48%

Consumer Durables

21

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

2.05%

$16,473,668,549

27.44%

-5.59%

Non-Energy Minerals

22

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

2.05%

$226,635,152,556

32.65%

1.22%

Technology Services

23

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

2.03%

$1,737,438,297

39.04%

-6.12%

Producer Manufacturing

24

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.02%

$5,977,430,969

28.81%

6.23%

Producer Manufacturing

25

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.97%

$7,144,091,652

33.02%

-0.14%

Consumer Services

26

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

Sept
2020

Meredith Kopit Levien

1.95%

$9,219,158,385

44.94%

6.99%

Consumer Services

27

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.95%

$5,425,973,384

7.76%

-7.72%

Utilities

28

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.92%

$2,550,029,862

34.31%

-9.57%

Consumer Non-Durables

29

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.88%

$119,004,289,658

85.85%

11.86%

Health Technology

30

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.86%

$149,124,179,976

N/A%

26.74%

Finance

31

Parsons Corp PSN

Jul
2018

Carey Smith

1.85%

$10,409,800,574

19.90%

27.60%

Technology Services

32

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.85%

$1,779,614,720

67.34%

10.97%

Technology Services

33

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.85%

$13,950,725,809

35.70%

-1.19%

Finance

34

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.85%

$2,509,837,160

8.66%

-5.78%

Transportation

35

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.75%

$44,608,830,816

36.70%

-2.54%

Energy Minerals

36

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.69%

$35,351,421,107

40.23%

-1.40%

Consumer Non-Durables

37

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.68%

$224,904,867,888

44.98%

17.57%

Electronic Technology

38

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.67%

$7,280,744,031

56.96%

2.16%

Commercial Services

39

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

1.63%

$4,853,082,079

22.86%

2.21%

Industrial Services

40

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

1.43%

$1,823,086,739

45.24%

-6.83%

Transportation

41

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.42%

$28,656,135,998

N/A%

10.46%

Health Services

42

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.34%

$88,626,984,400

N/A%

5.36%

Health Services

43

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.09%

$1,000,577,462

25.01%

-19.44%

Commercial Services

44

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.06%

$7,710,883,938

21.53%

-2.75%

Process Industries

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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