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
113%Finance
213%Health Technology
312%Technology Services
411%Electronic Technology
510%Producer Manufacturing
66%Consumer Services
76%Energy Minerals
86%Consumer Non-Durables
95%Commercial Services
104%Transportation
114%Health Services
122%Process Industries
132%Industrial Services
142%Non-Energy Minerals
152%Utilities
162%Consumer Durables

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

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

4.30%

$33,855,676,900.273

41.23%

-16.71%

Energy Minerals

02

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

4.11%

$6,940,983,410

N/A%

204.15%

Finance

03

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

3.88%

$5,135,004,488

29.26%

14.56%

Producer Manufacturing

04

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.83%

$7,655,168,722

75.20%

4.67%

Health Technology

05

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.75%

$34,602,398,278

89.59%

107.00%

Health Technology

06

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

3.60%

$7,634,435,225

92.96%

45.67%

Health Technology

07

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.50%

$3,166,846,762

95.90%

-10.38%

Finance

08

Sunrun Inc RUN

Aug
2021

Mary G. Powell

3.35%

$3,764,408,382

14.45%

-11.24%

Electronic Technology

09

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.70%

$42,526,326,055.727

81.90%

10.07%

Consumer Services

10

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

2.10%

$263,569,792,764

42.71%

8.88%

Electronic Technology

11

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.09%

$2,698,410,482

54.60%

-11.91%

Transportation

12

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

2.07%

$49,618,686,273

36.70%

4.14%

Energy Minerals

13

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

2.07%

$226,275,116,376

32.61%

1.22%

Technology Services

14

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

2.06%

$14,630,473,443

22.97%

-5.15%

Process Industries

15

Parsons Corp PSN

Jul
2018

Carey Smith

2.05%

$11,246,068,025

21.04%

23.15%

Technology Services

16

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

2.00%

$1,666,934,143

39.04%

-6.12%

Producer Manufacturing

17

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

1.98%

$5,760,975,300

29.73%

0.22%

Industrial Services

18

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

1.97%

$122,554,168,607

64.91%

15.87%

Electronic Technology

19

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.97%

$7,958,750,117

36.01%

15.59%

Consumer Non-Durables

20

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

1.95%

$26,568,915,298

85.01%

20.43%

Technology Services

21

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.94%

$8,471,118,637

56.93%

8.40%

Commercial Services

22

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

Sept
2020

Meredith Kopit Levien

1.94%

$8,945,580,678

45.08%

5.80%

Consumer Services

23

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.94%

$1,376,829,588

77.29%

14.54%

Commercial Services

24

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

1.94%

$80,587,535,601

35.91%

4.53%

Electronic Technology

25

Citigroup Inc C

Mar
2021

Jane Fraser

1.93%

$116,966,931,733

N/A%

11.97%

Finance

26

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.93%

$3,990,265,451

76.80%

14.50%

Technology Services

27

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

1.92%

$15,396,644,249

27.98%

-6.11%

Non-Energy Minerals

28

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.92%

$1,640,614,859

82.68%

7.73%

Technology Services

29

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.91%

$5,212,707,597

8.84%

-8.62%

Utilities

30

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

1.91%

$2,747,952,511

20.91%

16.47%

Producer Manufacturing

31

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

1.90%

$5,513,540,891

28.59%

10.85%

Producer Manufacturing

32

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

1.90%

$11,251,101,771

41.84%

9.63%

Electronic Technology

33

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.89%

$147,746,137,635

N/A%

18.11%

Finance

34

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.88%

$28,204,312,673

42.43%

-16.70%

Consumer Non-Durables

35

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.88%

$117,062,251,187

85.88%

6.02%

Health Technology

36

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.85%

$13,020,855,587

33.99%

2.00%

Finance

37

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.83%

$37,895,203,792

N/A%

5.92%

Health Services

38

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.80%

$6,524,721,449

33.02%

-0.14%

Consumer Services

39

General Motors Company GM

Jan
2014

Mary Barra

1.79%

$50,554,016,404

13.02%

7.20%

Consumer Durables

40

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.78%

$2,242,171,729

33.94%

-5.88%

Consumer Non-Durables

41

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.77%

$1,676,581,670

66.82%

13.51%

Technology Services

42

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.76%

$2,390,101,661

9.28%

-2.32%

Transportation

43

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.75%

$115,537,139,469

N/A%

-0.06%

Health Services

44

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.61%

$1,459,272,714

25.21%

-25.28%

Commercial Services

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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