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
214%Health Technology
312%Producer Manufacturing
411%Technology Services
59%Electronic Technology
66%Consumer Services
76%Energy Minerals
86%Commercial Services
96%Consumer Non-Durables
104%Transportation
114%Health Services
122%Consumer Durables
132%Utilities
142%Industrial Services
152%Non-Energy Minerals
162%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

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

4.45%

$5,409,469,031

N/A%

-78.29%

Finance

02

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

4.32%

$7,628,400,265

92.73%

85.51%

Health Technology

03

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

4.10%

$6,466,400,115

26.17%

107.92%

Producer Manufacturing

04

Sunrun Inc RUN

Aug
2021

Mary G. Powell

3.88%

$2,200,292,475

6.89%

-2.65%

Electronic Technology

05

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.69%

$18,183,812,749

83.02%

76.23%

Health Technology

06

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.67%

$4,970,361,929

67.91%

25.62%

Health Technology

07

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.59%

$3,169,559,059

94.08%

52.60%

Finance

08

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.58%

$35,247,651,606.965

41.23%

-16.71%

Energy Minerals

09

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.23%

$33,711,630,124.038

81.75%

111.10%

Consumer Services

10

General Motors Company GM

Jan
2014

Mary Barra

2.12%

$51,434,389,081

13.74%

7.58%

Consumer Durables

11

Citigroup Inc C

Mar
2021

Jane Fraser

2.08%

$119,647,393,254

N/A%

16.68%

Finance

12

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

2.08%

$33,026,592,845

84.08%

25.38%

Technology Services

13

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

2.07%

$59,685,671,334

34.39%

-21.85%

Energy Minerals

14

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.04%

$5,084,967,451

25.71%

20.07%

Producer Manufacturing

15

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

2.04%

$3,220,026,272

8.55%

-16.84%

Transportation

16

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

2.03%

$5,390,444,349

10.64%

9.56%

Utilities

17

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.02%

$2,621,716,107

58.55%

23.83%

Transportation

18

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.02%

$12,168,901,523

41.12%

12.19%

Electronic Technology

19

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

2.00%

$2,224,916,064

17.43%

50.88%

Producer Manufacturing

20

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

2.00%

$124,048,380,913

N/A%

0.96%

Health Services

21

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.98%

$124,280,748,689

N/A%

20.56%

Finance

22

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

1.95%

$70,157,269,218

35.85%

3.13%

Producer Manufacturing

23

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.95%

$1,525,012,183

67.47%

16.17%

Technology Services

24

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

1.95%

$4,075,393,074

25.29%

4.57%

Industrial Services

25

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.93%

$40,751,211,453

N/A%

6.54%

Health Services

26

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.92%

$9,775,009,288

58.58%

8.40%

Commercial Services

27

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

Sept
2020

Meredith Kopit Levien

1.91%

$7,086,875,118

44.97%

5.10%

Consumer Services

28

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.88%

$103,519,436,568

87.17%

12.47%

Health Technology

29

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

1.88%

$18,006,316,588

29.06%

-13.03%

Non-Energy Minerals

30

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.87%

$1,925,523,124

77.19%

16.16%

Technology Services

31

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.87%

$2,886,132,206

33.46%

11.99%

Consumer Non-Durables

32

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.86%

$2,166,845,457

28.89%

-27.73%

Commercial Services

33

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.86%

$28,096,157,926

45.24%

7.16%

Consumer Non-Durables

34

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.86%

$17,340,298,487

22.36%

13.10%

Process Industries

35

Parsons Corp PSN

Jul
2018

Carey Smith

1.85%

$8,349,953,596

22.16%

29.74%

Technology Services

36

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.83%

$4,073,838,182

75.52%

17.13%

Technology Services

37

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.82%

$1,506,141,016

75.27%

11.45%

Commercial Services

38

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.81%

$11,435,703,688

39.34%

3.52%

Finance

39

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.78%

$7,646,027,221

43.36%

-2.16%

Consumer Services

40

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.77%

$7,285,057,150

29.23%

18.67%

Consumer Non-Durables

41

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

1.76%

$79,649,672,900

61.95%

33.75%

Electronic Technology

42

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

1.60%

$197,131,678,120

30.91%

-0.09%

Technology Services

43

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

1.59%

$1,816,043,454

38.63%

-11.41%

Producer Manufacturing

44

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.52%

$245,233,094,700

37.88%

-3.90%

Electronic 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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