EQLTWorkplace Equality Portfolio
EQLT Fund Description
The Workplace Equality Portfolio tracks an index of global stocks selected by firms' support of lesbian, gay, bisexual, and transgender employees in the workplace. Stocks are equally weighted.
EQLT Factset Analytics Insight
EQLT's principles-based take on equities aims for the moral high ground but carries notable costs and risks. The fund selects firms that support lesbian, gay, bisexual, and transgender employees—requirements include a published non-discrimination policy, full benefits for same-sex spouses and domestic partners, and transgender health coverage. Note that the fund makes no concessions to market-neutral exposure. From a global equity universe, the fund's index picks a relative handful of firms—about 200—deemed LGBT friendly, but in practice, that means almost exclusively US firms. EQLT's small basket, equal weighting, and sector tilts significantly increase overall risk.
EQLT’s high price tag is several times more expensive than plain-vanilla offerings. Weak investor interest has translated to a thin trading market, further raising all-in costs. The risk of fund closure is significant. That said, the fund has no direct competitors; investors who support EQLT’s values should give it a hard look and trade with care.
EQLT MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 18, 2018 the Workplace Equality Portfolio MSCI ESG Fund Quality Score is 5.49 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. EQLT ranks in the 0th percentile within its peer group and in the 52nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
EQLT CHARTS AND PERFORMANCE
EQLT Top 10 Countries
EQLT Top 10 Sectors
EQLT Top 10 Holdings [View All]
EQLT Summary Data
EQLT Portfolio Data
EQLT Index Data
EQLT Portfolio Management
EQLT Tax Exposures
EQLT Fund Structure
EQLT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EQLT. EQLT is rated a 5 out of 5.
EQLT Sector/Industry Breakdown
EQLT TOP 10 HOLDINGS[View All]
EQLT Economic Development
EQLT Performance Statistics
EQLT MSCI ESG Ratings
EQLT BENCHMARK COMPARISON SUMMARY
EQLT BENCHMARK COMPARISON MARKET CAP SIZE