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%Electronic Technology
213%Finance
312%Technology Services
410%Health Technology
59%Producer Manufacturing
66%Consumer Services
76%Commercial Services
86%Consumer Non-Durables
95%Energy Minerals
104%Transportation
114%Consumer Durables
123%Health Services
132%Process Industries
142%Non-Energy Minerals
152%Industrial Services
162%Utilities

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

Sunrun Inc RUN

Aug
2021

Mary G. Powell

5.90%

$2,248,306,855

14.66%

10.06%

Electronic Technology

02

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

4.39%

$7,524,098,455

29.29%

5.34%

Producer Manufacturing

03

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

3.96%

$6,351,599,283

N/A%

N/A%

Finance

04

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.95%

$6,875,731,743

75.02%

35.22%

Health Technology

05

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.83%

$41,398,316,116

88.04%

20.20%

Health Technology

06

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.80%

$3,369,834,727

82.78%

-31.84%

Finance

07

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.52%

$29,567,143,084.883

40.27%

0.00%

Energy Minerals

08

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

2.28%

$1,396,256,311

37.94%

0.45%

Producer Manufacturing

09

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

2.25%

$1,900,725,912

5.74%

-6.69%

Transportation

10

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.24%

$129,849,711,406

63.65%

27.58%

Electronic Technology

11

Pagerduty Inc PD

July
2016

Jennifer Tejada

2.16%

$1,481,235,719

83.99%

7.77%

Technology Services

12

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

2.11%

$6,603,828,551

18.21%

-8.50%

Process Industries

13

Parsons Corp PSN

Jul
2018

Carey Smith

2.09%

$8,003,867,542

22.77%

1.22%

Technology Services

14

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

2.07%

$2,329,233,976

25.09%

-27.69%

Producer Manufacturing

15

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.05%

$6,770,590,040

27.62%

9.16%

Consumer Durables

16

Citigroup Inc C

Mar
2021

Jane Fraser

2.04%

$159,821,967,225

N/A%

-4.81%

Finance

17

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

2.03%

$3,957,655,427

76.56%

17.43%

Technology Services

18

WEX Inc WEX

May
2013

Melissa D. Smith CPA

2.03%

$5,223,662,662

53.06%

-2.47%

Commercial Services

19

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.03%

$40,143,244,130.373

80.44%

14.76%

Consumer Services

20

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

2.02%

$90,328,826,883

37.00%

-2.25%

Electronic Technology

21

General Motors Company GM

Jan
2014

Mary Barra

2.02%

$50,177,278,461

12.13%

2.34%

Consumer Durables

22

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

2.01%

$223,461,952,071

45.98%

35.90%

Electronic Technology

23

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

1.99%

$17,218,397,799

27.68%

-4.39%

Non-Energy Minerals

24

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

1.99%

$188,929,889,338

32.86%

7.66%

Technology Services

25

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.98%

$119,759,929,185

86.78%

2.19%

Health Technology

26

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

1.97%

$12,215,973,832

38.76%

-7.47%

Electronic Technology

27

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.97%

$6,119,743,533

52.25%

0.96%

Consumer Services

28

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

1.95%

$3,863,710,041

33.98%

0.40%

Industrial Services

29

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

1.95%

$29,396,974,198

83.88%

15.67%

Technology Services

30

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.95%

$1,364,684,847

65.25%

17.06%

Technology Services

31

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

Sept
2020

Meredith Kopit Levien

1.94%

$9,197,640,773

44.01%

7.05%

Consumer Services

32

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.92%

$1,776,463,715

78.31%

0.93%

Commercial Services

33

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.90%

$3,002,748,343

35.93%

-3.08%

Consumer Non-Durables

34

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.89%

$5,372,595,805

17.29%

-17.99%

Utilities

35

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.88%

$845,706,130

23.24%

-16.00%

Commercial Services

36

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

1.88%

$1,958,726,714

34.06%

-33.17%

Transportation

37

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.87%

$45,024,070,587

36.28%

11.22%

Energy Minerals

38

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.85%

$34,428,505,948

35.58%

-13.75%

Consumer Non-Durables

39

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.84%

$12,368,117,629

40.36%

-0.86%

Finance

40

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.83%

$7,303,580,678

33.33%

18.88%

Consumer Non-Durables

41

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.80%

$147,517,314,603

N/A%

18.36%

Finance

42

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.75%

$78,955,103,675

N/A%

14.83%

Health Services

43

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.12%

$16,221,856,937

N/A%

15.38%

Health Services

44

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

0.00%

$14,046,999,697

91.63%

46.62%

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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