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
214%Finance
312%Technology Services
410%Producer Manufacturing
59%Health Technology
66%Energy Minerals
76%Consumer Services
86%Consumer Non-Durables
96%Commercial Services
104%Transportation
114%Health Services
122%Non-Energy Minerals
132%Industrial Services
142%Process Industries
152%Consumer Durables
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

5.10%

$1,944,419,873

14.66%

10.06%

Electronic Technology

02

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

4.33%

$28,233,805,012.102

40.27%

N/A%

Energy Minerals

03

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

4.21%

$39,224,739,784

88.04%

20.20%

Health Technology

04

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

3.92%

$6,852,672,995

29.29%

5.34%

Producer Manufacturing

05

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

3.88%

$5,965,116,615

N/A%

N/A%

Finance

06

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.72%

$3,261,739,355

82.78%

-31.84%

Finance

07

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.30%

$6,684,739,286

75.02%

35.22%

Health Technology

08

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.61%

$6,051,767,343

27.62%

9.16%

Producer Manufacturing

09

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.38%

$11,198,524,707

38.76%

-7.47%

Electronic Technology

10

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.33%

$122,138,354,858

63.65%

27.58%

Electronic Technology

11

Parsons Corp PSN

Jul
2018

Carey Smith

2.31%

$7,381,855,163

22.77%

1.22%

Technology Services

12

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

Sept
2020

Meredith Kopit Levien

2.27%

$9,101,441,349

44.01%

7.05%

Consumer Services

13

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

2.26%

$3,007,345,921

35.93%

-3.08%

Consumer Non-Durables

14

Upwork Inc UPWK

Jan
2020

Hayden Brown

2.25%

$2,026,484,483

78.31%

0.93%

Commercial Services

15

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.24%

$1,842,781,823

34.06%

-33.17%

Transportation

16

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

2.22%

$16,291,269,264

27.68%

-4.39%

Non-Energy Minerals

17

Citigroup Inc C

Mar
2021

Jane Fraser

2.18%

$146,168,838,858

N/A%

-4.81%

Finance

18

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

2.17%

$188,390,969,212

45.98%

35.90%

Electronic Technology

19

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

2.15%

$85,772,266,567

37.00%

-2.25%

Electronic Technology

20

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

2.07%

$198,857,097,226

29.85%

5.44%

Technology Services

21

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

2.02%

$163,743,989,411

N/A%

18.36%

Finance

22

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

2.00%

$32,138,275,167

83.88%

15.67%

Technology Services

23

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

1.94%

$3,928,672,261

33.98%

0.40%

Industrial Services

24

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.94%

$6,067,732,301

18.21%

-8.50%

Process Industries

25

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.91%

$32,771,206,244

35.58%

-13.75%

Consumer Non-Durables

26

General Motors Company GM

Jan
2014

Mary Barra

1.89%

$45,639,308,918

12.13%

2.34%

Consumer Durables

27

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.89%

$5,112,271,728

17.29%

-17.99%

Utilities

28

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.88%

$5,588,835,406

52.25%

0.96%

Consumer Services

29

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

1.88%

$39,217,685,978.538

80.44%

14.76%

Consumer Services

30

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

1.85%

$1,156,433,483

37.94%

0.45%

Producer Manufacturing

31

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.85%

$27,447,781,229

N/A%

15.38%

Health Services

32

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.84%

$1,356,434,000

65.25%

17.06%

Technology Services

33

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.82%

$88,873,631,273

N/A%

14.83%

Health Services

34

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.81%

$12,466,261,733

40.36%

-0.86%

Finance

35

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

1.79%

$2,132,546,598

25.09%

-27.69%

Producer Manufacturing

36

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.77%

$115,687,129,669

86.78%

2.19%

Health Technology

37

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.77%

$41,865,005,552

36.28%

11.22%

Energy Minerals

38

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.77%

$1,459,453,271

5.74%

-6.69%

Transportation

39

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.75%

$4,745,609,106

53.06%

-2.47%

Commercial Services

40

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.74%

$807,804,416

23.24%

-16.00%

Commercial Services

41

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.72%

$1,506,122,734

83.99%

7.77%

Technology Services

42

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.70%

$7,742,989,669

33.33%

18.88%

Consumer Non-Durables

43

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.58%

$3,857,334,463

76.56%

17.43%

Technology 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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