Class A
Fund Stats as of 09/25/2018
Symbol EQLT
CUSIP 00162Q 650
ISIN US00162Q6504
Inception Date 02/24/2014
Dividends Paid Annual
Fund Type Exchange Traded Fund
Market Price $38.17
Last Trade Price $38.43
NAV $38.15
NAV Change $-0.13
Total Net Assets $22,887,476
Total Market Value $22,860,795
Premium/Discount(%) 0.05%
Difference ($) $0.02
Volume 273
Shares Outstanding 600,000
Expenses as of 03/31/2018
Management Fee0.75%
Other Expenses0.00%
Total Operating Expenses0.75%
Fund Resources
Quarterly Fact Sheet 
Statement of Additional Information 
Statutory Prospectus 
Resource Library  

Objective

The Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Workplace Equality Index® (ticker symbol LGBTEQLT) (the "Index").

Description

The Workplace Equality Portfolio ETF consists of publicly-traded companies that support lesbian, gay, bisexual and transgender equality in the workplace.

Strategy

The Portfolio is designed as an investable benchmark for workplace equality:

  • It employs a "passive management" - or indexing - investment approach, which is structured to track the performance of the Workplace Equality Index®. The Index is designed to provide a means of tracking the performance of companies which support workplace equality for lesbian, gay, bisexual and transgender ("LGBT") employees.
  • It consists of approximately 264 publicly-traded stocks (as of March 31, 2017) of U.S. and foreign companies that support equality for LGBT employees through their workplace practices, including non-discrimination policies regarding sexual orientation and gender identity and providing full benefits for same-sex spouses, domestic partners and transgender individuals.
  • Stocks must be traded on an exchange and must have a minimum market capitalization of at least $250 million and a minimum average daily trading volume of $2 million in the prior three months to be included in the Index.
  • The stocks in the Index are weighted equally as of each rebalance date. The Index is rebalanced quarterly, on the third Friday of March, June, September and December. The Index is reconstituted annually on the third Friday of each December.

Portfolio Characteristics as of 6/30/2018

Description Workplace Equality Portfolio Workplace Equality Index® S&P 500®
Number of Companies 274 274 505
Weighted Average Market Capitalization ($ Mil) $69,872 $70,072 $217,180
Median Market Capitalization ($ Mil) $29,910 $29,910 $20,691
Price/Earnings (1 year trailing) 16.93 16.96 20.49
Price/Cash Flow (1 year trailing) 9.73 9.73 13.03
Price/Book 2.29 2.29 3.17
Price/Sales 1.09 1.09 2.16

Sector Weights as of 6/30/2018

Sector Workplace Equality Portfolio Workplace Equality Index® S&P 500® Relative Weights
Consumer Discretionary 19.99% 19.90% 12.92% 6.98%
Consumer Staples 8.72 8.63 6.96 1.67
Energy 1.50 1.54 6.34 -4.80
Financials 20.10 20.18 13.84 6.34
Health Care 12.40 12.38 14.07 -1.69
Industrials 11.09 11.10 9.51 1.59
Information Technology 15.07 15.11 25.96 -10.85
Materials 2.86 2.89 2.60 0.29
Real Estate 2.23 2.27 2.86 -0.59
Telecommunication Services 2.10 2.07 1.99 0.08
Utilities 3.94 3.93 2.95 0.98

Subject to change.

Weight relative to S&P 500®

Index Market Cap Breakdown as of 6/30/2018

Index Description % of Index
Large Cap 81.23
Mid Cap 15.85
Small Cap 2.92

Subject to change.