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OUR COMMITMENT TO

Sustainable Investing

We have always been mindful of environmental, social, and governance issues (ESG), eschewing companies that sell firearms, tobacco, or are involved in environmentally damaging activities like coal mining.

In 2020, we developed a new, more robust ESG framework that codifies many of our long-held beliefs. Our proprietary quantitative ESG system ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.

How we find great companies doing great things

Our proprietary quantitative ESG model ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment

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GOVERNANCE SCORE

Review of board diversity, board tenure, and number of independent directors

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ENVIRONMENT & SOCIAL IMPACT SCORE

Analysis of environmental and social impact achievements, including weightings in leading ESG ETFs, UN Sustainability rankings, and environmental and social impact awards

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CULTURE SCORE

Analysis of remuneration policies, management salaries, and employment opportunities

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VIRTUOUS CYCLE SCORETM

High profitability and return on invested capital to fuel social and environmental investments

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SHAREHOLDER ALIGNMENT SCORE

Emphasis on management teams that are aligned with shareholders, have ownership of shares, and exhibit prudent capital allocation

Quarterly Global ESG Rankings

The 1,250 largest global companies ranked using our proprietary quantitative ESG model

ESG Ranks as of Q4 2021

TICKERNAMERANKINGENVIRONMENT GRADECULTURE GRADEGOVERNANCE GRADEALIGNMENT GRADEVIRTUOUS CYCLE GRADE
GSK-GBGlaxoSmithKline plc1AAAAA
HRL-USHormel Foods Corporation2AAAAB
SHW-USSherwin-Williams Company3AAAAA
BBY-USBest Buy Co., Inc.4BDAAA
HPQ-USHP Inc.5AAACA
LLY-USEli Lilly and Company6AAABA
PRX-NLProsus N.V. Class N7AAABA
CNR-CACanadian National Railway Company8AAABA
ULVR-GBUnilever PLC9AAABA
WMT-USWalmart Inc.10ADCAA
OR-FRL'Oreal SA11AABAA
288-HKWH Group Ltd. (HK)12AABAB
TGT-USTarget Corporation13AAACA
AUTO-GBAuto Trader Group PLC14ADABA
FB-USMeta Platforms Inc. Class A15AAACA
NOVO.B-DKNovo Nordisk A/S Class B16AACBA
EBAY-USeBay Inc.17BAAAB
MA-USMastercard Incorporated Class A18AABBA
ABBN-CHABB Ltd.19AAAAB
MC-FRLVMH Moet Hennessy Louis Vuitton SE20AABAA
AMZN-USAmazon.com, Inc.21AABCA
388-HKHong Kong Exchanges & Clearing Ltd.22AAABA
NVDA-USNVIDIA Corporation23AABBA
HCA-USHCA Healthcare Inc24AABAA
COLR-BEEtablissementen Franz Colruyt N.V.25BABAA
INTC-USIntel Corporation26AAADA
RMS-FRHermes International SCA27AABAA
LRCX-USLam Research Corporation28AAACA
ASML-NLASML Holding NV29AAABB
MSFT-USMicrosoft Corporation30ADBBA
LULU-USLululemon Athletica Inc31AAACA
ROG-CHRoche Holding Ltd32AACCA
LOW-USLowe's Companies, Inc.33AABBA
NESN-CHNestle S.A.34AACAB
NOVN-CHNovartis AG35AAAAB
ML-FRCompagnie Generale des Etablissements Michelin SCA36AAABB
GOOG-USAlphabet Inc. Class C37AACBA
ULTA-USUlta Beauty Inc38BDAAA
TEL-NOTelenor ASA39BABAA
CL-USColgate-Palmolive Company40AAADA
AFL-USAflac Incorporated41AAAAB
SPGI-USS&P Global, Inc.42AABBA
ACN-USAccenture Plc Class A43AAADA
VZ-USVerizon Communications Inc.44AAADA
CI-USCigna Corporation45AAAAB
GOOGL-USAlphabet Inc. Class A46AABBA
ADP-USAutomatic Data Processing, Inc.47ADACA
GILD-USGilead Sciences, Inc.48AAADA
ORCL-USOracle Corporation49ADCAB
QCOM-USQualcomm Inc50AAADA
CRM-USsalesforce.com, inc.51AABBA
TROW-UST. Rowe Price Group52BAACA
HM.B-SEH&M Hennes & Mauritz AB Class B53CAAAA
MFG-AUMagellan Financial Group Ltd54CDAAA
CSCO-USCisco Systems, Inc.55AABBA
MMM-US3M Company56AAADA
S68-SGSingapore Exchange Ltd.57BAAAA
UPS-USUnited Parcel Service, Inc. Class B58AAADA
DGE-GBDiageo plc59AAACB
KNEBV-FIKone Oyj Class B60CAAAA
REL-GBRELX PLC61AAACA
BMY-USBristol-Myers Squibb Company62AAACB
IT-USGartner, Inc.63BABAA
ADSK-USAutodesk, Inc.64AABBA
CPB-USCampbell Soup Company65BDAAA
KER-FRKering SA66AABAB
ABBV-USAbbVie, Inc.67AABDA
WKL-NLWolters Kluwer NV68BAAAA
AMAT-USApplied Materials, Inc.69AACCA
SAN-FRSanofi70AAAAC
WBA-USWalgreens Boots Alliance Inc71BAAAB
ADM-GBAdmiral Group plc72DAAAA
AAPL-USApple Inc.73AACDA
9433-JPKDDI Corporation74AADAA
CTSH-USCognizant Technology Solutions Corporation Class A75AAACA
HD-USHome Depot, Inc.76AADDA
ITX-ESIndustria de Diseno Textil, S.A.77BDCAA
AVGO-USBroadcom Inc.78ADADB
HON-USHoneywell International Inc.79AABCA
DNB-NODNB Bank ASA80AAAAC
RACE-ITFerrari NV81BABAA
AON-USAon Plc Class A82AACBA
AZO-USAutoZone, Inc.83BAABA
MMC-USMarsh & McLennan Companies, Inc.84AABBA
PG-USProcter & Gamble Company85AABDA
AMGN-USAmgen Inc.86AABCA
BKNG-USBooking Holdings Inc.87AABBA
CBA-AUCommonwealth Bank of Australia88AAACC
BLK-USBlackRock, Inc.89AAABC
MU-USMicron Technology, Inc.90ADADA
SGO-FRCompagnie de Saint-Gobain SA91AAAAC
RKT-GBReckitt Benckiser Group plc92AAACB
RSG-USRepublic Services, Inc.93BAAAC
ORLY-USO'Reilly Automotive, Inc.94BABBA
DTE-DEDeutsche Telekom AG95AABBA
V-USVisa Inc. Class A96ADBDA
IGM-CAIGM Financial Inc.97BAAAB
GM-USGeneral Motors Company98AAADB
ANTM-USAnthem, Inc.99AAACC
KO-USCoca-Cola Company100AABDB
9432-JPNippon Telegraph and Telephone Corporation101BADAA
UNP-USUnion Pacific Corporation102AACCA
ESSITY.B-SEEssity AB Class B103AABBB
CHRW-USC.H. Robinson Worldwide, Inc.104BABBA
LII-USLennox International Inc.105DAAAA
IPN-FRIpsen SA106CAAAA
FTNT-USFortinet, Inc.107BABBA
MRK-USMerck & Co., Inc.108AAADB
CMG-USChipotle Mexican Grill, Inc.109AABBA
FISV-USFiserv, Inc.110AAABB
ADBE-USAdobe Inc.111AABDA
WOW-AUWoolworths Group Ltd112BDACA
INTU-USIntuit Inc.113AADDA
HUM-USHumana Inc.114AAACA
MRNA-USModerna, Inc.115AAACB
EMR-USEmerson Electric Co.116AABCA
DPW-DEDeutsche Post AG117AACAA
SIRI-USSirius XM Holdings, Inc.118BADAA
BX-USBlackstone Inc.119AABBB
GEBN-CHGeberit AG120BACBA
ONEX-CAOnex Corporation121BADAA
YUM-USYum! Brands, Inc.122BABBA
ILMN-USIllumina, Inc.123AABBA
IDXX-USIDEXX Laboratories, Inc.124AACDA
SNPS-USSynopsys, Inc.125AABBB
EW-USEdwards Lifesciences Corporation126AAADA
PSN-GBPersimmon Plc127CAAAA
LGEN-GBLegal & General Group Plc128BABAB
ADYEN-NLAdyen NV129AABCA
TIT-ITTelecom Italia S.p.A.130BAAAC
MTD-USMettler-Toledo International Inc.131AACBA
Z74-SGSingapore Telecommunications Limited132BAAAB
KMB-USKimberly-Clark Corporation133BAADA
BBWI-USBath & Body Works, Inc.134DDAAA
7259-JPAisin Corporation135BABAB
ADS-DEadidas AG136AABBA
DE-USDeere & Company137ADAAC
MNDI-GBMondi plc138BAACA
USB-USU.S. Bancorp139AAACC
SEIC-USSEI Investments Company140BACAA
PYPL-USPayPal Holdings, Inc.141AAADA
VRTX-USVertex Pharmaceuticals Incorporated142AABDA
ALGN-USAlign Technology, Inc.143AACCA
VMW-USVMware, Inc. Class A144BABBA
UBSG-CHUBS Group AG145AAAAD
COL-AUColes Group Ltd.146DAABA
OTIS-USOtis Worldwide Corporation147BAADA
FERG-GBFerguson Plc148AAADA
IBM-USInternational Business Machines Corporation149AADDA
SBUX-USStarbucks Corporation150AADDA
5108-JPBridgestone Corporation151AADAB
EPI.A-SEEpiroc AB Class A152CAABA
6869-JPSysmex Corporation153BDBBB
TEL-USTE Connectivity Ltd.154AABBB
EA-USElectronic Arts Inc.155CAABA
NOW-USServiceNow, Inc.156AACDA
TXN-USTexas Instruments Incorporated157AADDA
PAYX-USPaychex, Inc.158ADDBA
PSA-USPublic Storage159AABBB
SPK-NZSpark New Zealand Limited160CAABA
TMV-DETeamViewer AG161BABBA
ATCO.B-SEAtlas Copco AB Class B162BABBA
DG-USDollar General Corporation163BABBB
EL-FREssilorLuxottica SA164AABBC
GS-USGoldman Sachs Group, Inc.165AAAAD
PEP-USPepsiCo, Inc.165AADDA
VOD-GBVodafone Group Plc167BDAAC
WES-AUWesfarmers Limited168AABBB
T-USAT&T Inc.169AABCB
EO-FRFaurecia SA170DAAAA
CASH_USDU.S. Dollar171AABBB
ROST-USRoss Stores, Inc.172BDBCA
ANET-USArista Networks, Inc.173CAABA
UBER-USUber Technologies, Inc.174AABBB
ILD-FRIliad175BACAA
SGSN-CHSGS SA176CACAA
EQT-SEEQT AB177DAABA
AHT-GBAshtead Group plc178BDACA
EN-FRBouygues SA179CAAAB
ZURN-CHZurich Insurance Group Ltd180AAABC
SCHN-CHSchindler Holding AG181BADAA
DPZ-USDomino's Pizza, Inc.182BABBA
HSY-USHershey Company183CAADA
PGR-USProgressive Corporation184AAADA
TELIA-SETelia Company AB185CAAAB
KPN-NLRoyal KPN NV186DAAAB
SCMN-CHSwisscom AG187CABAA
FAST-USFastenal Company188BABBA
6758-JPSony Group Corporation189ADDDA
DIM-FRSartorius Stedim Biotech SA190DAAAA
AMP-USAmeriprise Financial, Inc.191BABBA
AMS-ESAmadeus IT Group SA Class A192BABBA
AXP-USAmerican Express Company193AADDA
CLX-USClorox Company194DAACA
ORK-NOOrkla ASA195CAAAC
CSX-USCSX Corporation196AAADB
NKE-USNIKE, Inc. Class B197ADDDA
JPM-USJPMorgan Chase & Co.198AABBC
EXPN-GBExperian PLC199BDBBA
WRT1V-FIWartsila Oyj Abp200CAAAB
JNJ-USJohnson & Johnson201AADDA
MCK-USMcKesson Corporation202BDBBA
STLA-ITStellantis N.V.203BACCA
L-CALoblaw Companies Limited204DAAAC
6981-JPMurata Manufacturing Co., Ltd.205ADBBB
RO-CHRoche Holding AG206BABBA
SNAP-USSnap, Inc. Class A207BAACB
TJX-USTJX Companies Inc208ADCDA
ORA-FROrange SA209DAAAB
III-GB3i Group plc210BDACB
ZTS-USZoetis, Inc. Class A211AAADB
NTAP-USNetApp, Inc.212CABBA
CMCSA-USComcast Corporation Class A213AACCB
BAC-USBank of America Corp214AAACD
MAR-USMarriott International, Inc. Class A215CABBA
SIE-DESiemens AG216AABBC
C-USCitigroup Inc.217AAACD
NAB-AUNational Australia Bank Limited218AAABC
PGHN-CHPartners Group Holding AG219CABBA
BIIB-USBiogen Inc.220BADCA
WM-USWaste Management, Inc.221BAABB
TSCO-USTractor Supply Company222CAACA
AZN-GBAstraZeneca PLC223AABBC
EPAM-USEPAM Systems, Inc.224BABBA
STM-FRSTMicroelectronics NV225BABBA
G-ITAssicurazioni Generali S.p.A.226BAAAD
NXPI-USNXP Semiconductors NV227AABBB
SAP-DESAP SE228AACBC
TD-CAToronto-Dominion Bank229AAADC
2413-JPM3, Inc.230BADAA
ABMD-USABIOMED, Inc.231BABBA
SKF.B-SESKF AB Class B232BABAB
WN-CAGeorge Weston Limited233CABAB
HEIO-NLHeineken Holding N.V.234BACAA
MAERSK.B-DKA.P. Moller - Maersk A/S Class B235BABAC
UNH-USUnitedHealth Group Incorporated236AADDB
CSL-AUCSL Limited237AABDA
4507-JPShionogi & Co., Ltd.238BADAB
WFC-USWells Fargo & Company239AAACD
ASM-NLASM International N.V.240BAACC
NIBE.B-SENIBE Industrier AB Class B241CAAAC
CSU-CAConstellation Software Inc.242BADCA
PKG-USPackaging Corporation of America243BABBB
MQG-AUMacquarie Group Limited244AABBB
EPI.B-SEEpiroc AB Class B245BABCA
FDS-USFactSet Research Systems Inc.246BABCA
GIS-USGeneral Mills, Inc.247ADBBB
GPC-USGenuine Parts Company248CAABA
VOLV.B-SEVolvo AB Class B249BACAB
FDX-USFedEx Corporation250AACCB
DG-FRVINCI SA251AACBB
6098-JPRecruit Holdings Co., Ltd.252ADDBA
CERN-USCerner Corporation253BABBA
KLAC-USKLA Corporation254AACDA
IHG-GBInterContinental Hotels Group PLC255CABBA
VRSK-USVerisk Analytics Inc256BABDA
TRI-CAThomson Reuters Corporation257BACAC
BXB-AUBrambles Limited258CAACA
MNST-USMonster Beverage Corporation259AADBA
CMI-USCummins Inc.260BABBA
EL-USEstee Lauder Companies Inc. Class A261ADDDA
BNS-CABank of Nova Scotia262AAADC
MONC-ITMoncler SpA263BACBA
ABT-USAbbott Laboratories264AAADC
MSCI-USMSCI Inc. Class A265BAACA
NVR-USNVR, Inc.266BACBA
ODFL-USOld Dominion Freight Line, Inc.267BADBA
CNHI-USCNH Industrial NV268CAAAB
MELI-USMercadoLibre, Inc.269AADCA
GWW-USW.W. Grainger, Inc.270BABBA
HSBA-GBHSBC Holdings Plc271AAABD
SKA.B-SESkanska AB Class B272CAAAB
SYY-USSysco Corporation273BDBBB
PANW-USPalo Alto Networks, Inc.274BADDA
6861-JPKeyence Corporation275ADBBC
TMO-USThermo Fisher Scientific Inc.276AABBC
MG-CAMagna International Inc.277DAABA
1929-HKChow Tai Fook Jewellery Group Limited278BDDAA
NZYM.B-DKNovozymes A/S Class B279CABBA
DAL-USDelta Air Lines, Inc.280BABBA
SIKA-CHSika AG281AADCB
IP-USInternational Paper Company282BAABB
ALL-AUAristocrat Leisure Limited283BDBBA
669-HKTechtronic Industries Co., Ltd.284BABBA
9434-JPSoftBank Corp.285CABBA
7203-JPToyota Motor Corp.286ADBBC
BARC-GBBarclays PLC287AAAAD
9613-JPNTT DATA Corporation288BADAA
ATD.B-CAAlimentation Couche-Tard Inc. Class B289BDDAA
ELISA-FIElisa Oyj Class A290CABBA
COST-USCostco Wholesale Corporation291AADDA
7741-JPHOYA CORPORATION292ADDCA
AAP-USAdvance Auto Parts, Inc.293BAABB
7974-JPNintendo Co., Ltd.294BABBB
FICO-USFair Isaac Corporation295DDAAA
ISRG-USIntuitive Surgical, Inc.296AACDB
EVO-SEEvolution AB297CABCA
4307-JPNomura Research Institute,Ltd.298BDBBB
6178-JPJAPAN POST HOLDINGS Co., Ltd.299CDAAC
8035-JPTokyo Electron Ltd.300AADCA
LHA-DEDeutsche Lufthansa AG301BABBA
FR-FRValeo SE302CAACA
SAMPO-FISampo Oyj Class A303BAAAC
CABO-USCable One, Inc.304BABBA
CP-CACanadian Pacific Kansas City Limited305BABBB
ROK-USRockwell Automation, Inc.306BACDA
5332-JPTOTO Ltd307BDBAB
PRU-GBPrudential plc308AABBB
COLO.B-DKColoplast A/S Class B309CABBA
BK-USBank of New York Mellon Corporation310BAABD
PFE-USPfizer Inc.310AACDB
BRBY-GBBurberry Group plc312DDACA
6479-JPMinebeaMitsumi Inc.313BDBBB
ITW-USIllinois Tool Works Inc.314AADDA
COF-USCapital One Financial Corporation315AAAAD
TFC-USTruist Financial Corporation316AAACD
BN-FRDanone SA317BAAAC
PHIA-NLKoninklijke Philips N.V.318BAABC
GL-USGlobe Life Inc.319BAABB
CTAS-USCintas Corporation320ADDBB
8306-JPMitsubishi UFJ Financial Group, Inc.321AACAD
ACS-ESActividades de Construccion y Servicios SA322BADAB
DIS-USWalt Disney Company323ADADC
SYF-USSynchrony Financial324CAABB
MAERSK.A-DKA.P. Moller - Maersk A/S Class A325BABAC
STZ-USConstellation Brands, Inc. Class A326AACAC
WU-USWestern Union Company327DAABA
6501-JPHitachi,Ltd.328ADDBB
ASSA.B-SEASSA ABLOY AB Class B329BABBB
KR-USKroger Co.330DAABA
FBK-ITFinecoBank SpA331BAADA
MS-USMorgan Stanley332AABCD
KINV.B-SEKinnevik AB Class B333CAADA
NDA.SE-SENordea Bank Abp334CAAAD
ON-USON Semiconductor Corporation335BABBB
NSC-USNorfolk Southern Corporation336AABCC
AMT-USAmerican Tower Corporation337AADDA
CBRE-USCBRE Group, Inc. Class A338BAADB
ATM-NZa2 Milk Company Ltd.339BDADA
MCO-USMoody's Corporation340BADDA
SRT3-DESartorius AG Pref341BACBB
KEYS-USKeysight Technologies Inc342CAADB
APTV-USAptiv PLC343AACDA
RAND-NLRandstad NV344DAAAB
HEIA-NLHeineken NV345BACAB
RY-CARoyal Bank of Canada346AACDB
ZBRA-USZebra Technologies Corporation Class A347BABBB
DXCM-USDexCom, Inc.348AACDB
JBHT-USJ.B. Hunt Transport Services, Inc.349CADBA
CA-FRCarrefour SA350DAAAC
DOL-CADollarama Inc.351DABAA
CHTR-USCharter Communications, Inc. Class A352AABBC
CCEP-USCoca-Cola Europacific Partners plc353DAAAB
CVS-USCVS Health Corporation354AAADC
LONN-CHLonza Group AG355BABBB
CDNS-USCadence Design Systems, Inc.356AADDA
DGX-USQuest Diagnostics Incorporated357CAABC
DEMANT-DKDemant A/S358BABBB
AD-NLKoninklijke Ahold Delhaize N.V.359CABBA
ELS-USEquity LifeStyle Properties, Inc.360AADCB
8113-JPUnicharm Corporation361BADAA
ELUX.B-SEElectrolux AB Class B362CABBA
LI-FRKlepierre SA363CAAAD
PNC-USPNC Financial Services Group, Inc.364AAADD
VWS-DKVestas Wind Systems A/S365AADDA
PFG-USPrincipal Financial Group, Inc.366CAABC
MAS-USMasco Corporation367CADBA
2269-JPMeiji Holdings Co., Ltd.368BDDAB
STMN-CHStraumann Holding AG369CABBA
4523-JPEisai Co., Ltd.370BADAC
HOLX-USHologic, Inc.371CAACB
IFX-DEInfineon Technologies AG371AADDB
6594-JPNidec Corporation373ADDBB
MCD-USMcDonald's Corporation374AADDA
WBC-AUWestpac Banking Corporation375AAADC
MHK-USMohawk Industries, Inc.376BADAB
CRWD-USCrowdStrike Holdings, Inc. Class A377BABBB
8952-JPJapan Real Estate Investment Corp.378AABAD
4568-JPDaiichi Sankyo Company, Limited379AADAC
KGF-GBKingfisher Plc380CAAAC
NICE-ILNICE Ltd381BABBB
EQH-USEquitable Holdings, Inc.382DAAAC
BDX-USBecton, Dickinson and Company383AAADC
STX-USSeagate Technology Holdings PLC384CDBBA
EQIX-USEquinix, Inc.385AABBC
NXT-GBNext plc386CDBBA
5938-JPLIXIL Corporation387BDBAC
TMUS-UST-Mobile US, Inc.388AADBC
868-HKXinyi Glass Holdings Limited389BABBB
TT-USTrane Technologies plc390BABBC
DSV-DKDSV A/S391CAACB
CLNX-ESCellnex Telecom S.A.392BAACC
GIL-CAGildan Activewear Inc.393BACBB
MTCH-USMatch Group, Inc.394BAADB
KNIN-CHKuehne & Nagel International AG395CADAA
CHKP-USCheck Point Software Technologies Ltd.396CABBA
ZAL-DEZalando SE397CAABB
BNZL-GBBunzl plc398CAABB
XLNX-USXilinx, Inc.399AADDA
CDW-USCDW Corp.400CABBB
1-HKCK Hutchison Holdings Ltd401BABAD
MOWI-NOMowi ASA402BABBB
D05-SGDBS Group Holdings Ltd403BACAC
REGN-USRegeneron Pharmaceuticals, Inc.404AADDA
STERV-FIStora Enso Oyj Class R405BABBB
SPG-USSimon Property Group, Inc.406AADDA
SAND-SESandvik AB407BADBB
CCH-GBCoca-Cola HBC AG408DAAAB
8630-JPSompo Holdings,Inc.409BDAAD
ICE-USIntercontinental Exchange, Inc.410AAADC
ALL-USAllstate Corporation411BACBB
SU-FRSchneider Electric SE412AACDC
AZJ-AUAurizon Holdings Ltd.413CDAAC
RHI-USRobert Half International Inc.414CADBA
FLTR-GBFlutter Entertainment Plc415BABDA
VFC-USV.F. Corporation416BDBBB
LEG-DELEG Immobilien SE417BABBB
DAI-DEDaimler AG418AABAD
RI-FRPernod Ricard SA419ADBAD
SYK-USStryker Corporation420AACCC
LR-FRLegrand SA421BABBB
SCHP-CHSchindler Holding AG Pref422DABBA
NDAQ-USNasdaq, Inc.423BAABC
4503-JPAstellas Pharma Inc.424BDDBA
SREN-CHSwiss Re AG425BAAAD
CPG-GBCompass Group PLC426BADDA
MGM-USMGM Resorts International426CAAAD
8267-JPAEON Co., Ltd.428ADDAC
7751-JPCanon Inc.429BABBC
SJR.B-CAShaw Communications Inc. Class B430CACAB
ABC-USAmerisourceBergen Corporation431DDCBA
CHR-DKChr. Hansen Holding A/S432DAABB
EQR-USEquity Residential433BABBC
TSCO-GBTesco PLC434CAABD
HPE-USHewlett Packard Enterprise Co.435BAADC
6702-JPFujitsu Limited436BDDBB
DB1-DEDeutsche Boerse AG437CABBB
BLL-USBall Corporation438AABDC
4519-JPChugai Pharmaceutical Co., Ltd.439BADAB
TEP-FRTeleperformance SA440BABBB
SGE-GBSage Group plc441DAABB
MPL-AUMedibank Private Ltd.442DAADA
4452-JPKao Corp.443CADAA
4732-JPUSS Co., Ltd.444BDDAB
11-HKHang Seng Bank, Limited445DAAAB
PLD-USPrologis, Inc.446AABBD
6920-JPLasertec Corp.447DABBA
4768-JPOtsuka Corporation448BABBB
BURL-USBurlington Stores, Inc.449CDADA
CON-DEContinental AG450DADAA
SCG-AUScentre Group451DAAAC
CARR-USCarrier Global Corp.452BABDB
CPRT-USCopart, Inc.453BADCA
ZS-USZscaler, Inc.454CABBB
CBOE-USCboe Global Markets Inc455DABCA
KHC-USKraft Heinz Company456BAAAD
FUTU-USFutu Holdings Ltd. Sponsored ADR Class A457BABBB
DFS-USDiscover Financial Services458CABBB
BAX-USBaxter International Inc.459BACDB
GWO-CAGreat-West Lifeco Inc.460DAAAC
ITRK-GBIntertek Group plc461DABBA
FTV-USFortive Corp.462CAADB
DSY-FRDassault Systemes SA463BABBB
CB-USChubb Limited464AABBD
AMCR-USAmcor PLC465CDACB
GDDY-USGoDaddy, Inc. Class A466CABBA
WST-USWest Pharmaceutical Services, Inc.467CABBB
WTC-AUWisetech Global Ltd.468DDCAB
DHR-USDanaher Corporation469AADCC
ETSY-USEtsy, Inc.470BABDA
6762-JPTDK Corporation471CABCB
ABI-BEAnheuser-Busch InBev SA/NV472AACBD
ANZ-AUAustralia and New Zealand Banking Group Limited473AABBD
ATCO.A-SEAtlas Copco AB Class A474CADBA
8031-JPMitsui & Co.,Ltd475ADDAD
HEXA.B-SEHexagon AB Class B476BACCB
BMO-CABank of Montreal477AABDC
6367-JPDAIKIN INDUSTRIES, LTD.478ADDBB
CAH-USCardinal Health, Inc.479DDABB
BVI-FRBureau Veritas SA480CABBB
TEF-ESTelefonica SA481BADCA
ALV-DEAllianz SE482AABCC
BIM-FRbioMerieux SA483CABBB
WSP-CAWSP Global Inc.484BABBC
OMC-USOmnicom Group Inc485DABBA
WPP-GBWPP Plc486CAACC
BAER-CHJulius Baer Gruppe AG487CAAAD
LOGN-CHLogitech International S.A.488DABBA
WLTW-USWillis Towers Watson Public Limited Company489CAABD
A-USAgilent Technologies, Inc.490AADDB
GMAB-DKGenmab A/S491BABDB
PPG-USPPG Industries, Inc.492AADDB
CHWY-USChewy, Inc. Class A493BABBB
BNP-FRBNP Paribas SA Class A494AABBD
AMBU.B-DKAmbu A/S Class B495CABBB
PRU-USPrudential Financial, Inc.496AACCC
FIS-USFidelity National Information Services, Inc.497AABCD
9984-JPSoftBank Group Corp.498ADDAD
BEI-DEBeiersdorf AG499DABAB
2802-JPAjinomoto Co., Inc.500BDDAB
LSEG-GBLondon Stock Exchange Group plc501BABBC
JKHY-USJack Henry & Associates, Inc.502DDBBA
GE-USGeneral Electric Company503AABBD
CAT-USCaterpillar Inc.504AADDB
PUB-FRPublicis Groupe SA505CABBB
NFLX-USNetflix, Inc.506AABBD
UBI-FRUbisoft Entertainment SA507DADCA
MRK-DEMerck KGaA508BABBC
HIG-USHartford Financial Services Group, Inc.509CAABD
FITB-USFifth Third Bancorp510BABBC
KEY-USKeyCorp511BAABD
SEDG-USSolarEdge Technologies, Inc.512BADDA
TRV-USTravelers Companies, Inc.513BABBC
SEB.A-SESkandinaviska Enskilda Banken AB Class A514DAAAC
WDAY-USWorkday, Inc. Class A515BADDA
ALLE-USAllegion PLC516DABBA
IRM-USIron Mountain, Inc.517DAABB
FER-ESFerrovial, S.A.518CAAAD
INFO-USIHS Markit Ltd.519AAADC
ZM-USZoom Video Communications, Inc. Class A520BACDB
JAZZ-USJazz Pharmaceuticals Public Limited Company521CABBB
SCHW-USCharles Schwab Corporation522AADDC
CS-FRAXA SA523AABBD
ETN-USEaton Corp. Plc524AABDC
WLN-FRWorldline SA525CAACB
3038-JPKobe Bussan Co., Ltd.526BADAB
3462-JPNomura Real Estate Master Fund, Inc.527AABBD
PROX-BEProximus SA de droit public528DABBA
MASI-USMasimo Corporation529BADCA
AENA-ESAena SME SA530CABAC
RMD-USResMed Inc.531BADDB
BAH-USBooz Allen Hamilton Holding Corporation Class A532DDABB
INVE.B-SEInvestor AB Class B533AADDB
UPM-FIUPM-Kymmene Oyj534BABBC
CFR-CHCompagnie Financiere Richemont SA535AADCC
TLS-AUTelstra Corporation Limited536CDCBA
DLTR-USDollar Tree, Inc.537CABBB
9983-JPFAST RETAILING CO., LTD.538CDDAB
LW-USLamb Weston Holdings, Inc.539DAADA
BAYN-DEBayer AG540AABDC
CM-CACanadian Imperial Bank of Commerce541BACDB
HEN3-DEHenkel AG & Co. KGaA Pref542CABBB
NET-USCloudflare Inc Class A543CAACB
URI-USUnited Rentals, Inc.544BADDA
1128-HKWynn Macau Ltd.545BADAB
KSU-USKansas City Southern546CABBB
AVY-USAvery Dennison Corporation547CADDA
3382-JPSeven & I Holdings Co., Ltd.548BDDAB
NN-NLNN Group N.V.549DAAAD
7309-JPShimano Inc.550DABAB
INGA-NLING Groep NV551AABBD
K-USKellogg Company552DAACB
MET-USMetLife, Inc.553AABBD
AMD-USAdvanced Micro Devices, Inc.554AABDD
BRK.B-USBerkshire Hathaway Inc. Class B555AADCC
ABF-GBAssociated British Foods plc556DDCAB
HAS-USHasbro, Inc.557CABBB
MDLZ-USMondelez International, Inc. Class A558AACDD
IR-USIngersoll Rand Inc.559CAABD
SOON-CHSonova Holding AG560CDBBA
4543-JPTerumo Corporation561BDBBC
FPH-NZFisher & Paykel Healthcare Corporation Limited562DABBA
SWED.A-SESwedbank AB Class A563CABBC
WHR-USWhirlpool Corporation564DAABB
BT.A-GBBT Group plc565CDBBA
TSLA-USTesla Inc566AACCD
ATL-ITAtlantia S.p.A567DAAAD
G24-DEScout24 SE568BABAD
ALFA-SEAlfa Laval AB569CABBB
AMP-ITAmplifon S.p.A.570DAAAB
J36-SGJardine Matheson Holdings Limited571DABAC
IPG-USInterpublic Group of Companies, Inc.572DAADB
2433-JPHakuhodo Dy Holdings Incorporated573BDBAD
IQV-USIQVIA Holdings Inc574AACDC
DRI-USDarden Restaurants, Inc.575DDBBA
9064-JPYamato Holdings Co., Ltd.576BADAC
LAND-GBLand Securities Group PLC577CAABD
SBAC-USSBA Communications Corp. Class A578BADCC
AKAM-USAkamai Technologies, Inc.579DAADA
4755-JPRakuten Group, Inc.580CABBB
SAP-CASaputo Inc.581BDBBB
APH-USAmphenol Corporation Class A582BADDB
CAP-FRCapgemini SE583BACDC
IFF-USInternational Flavors & Fragrances Inc.584BAADC
4528-JPONO Pharmaceutical Co., Ltd.585CDBAD
6326-JPKubota Corporation586BABAD
BOL-FRBollore SA587BADAC
ROL-USRollins, Inc.588DADAA
SPSN-CHSwiss Prime Site AG589BAADD
8058-JPMitsubishi Corporation590ADDAD
1113-HKCK Asset Holdings Limited591CABAD
GRMN-USGarmin Ltd.592CADBB
WRK-USWestRock Company593BAADC
DOCU-USDocuSign, Inc.594CAADB
CRL-USCharles River Laboratories International, Inc.595CABBB
AIG-USAmerican International Group, Inc.596AAACD
HUBS-USHubSpot, Inc.597BABBC
ISP-ITIntesa Sanpaolo S.p.A.598AABBD
V03-SGVenture Corporation Limited599CABBB
TER-USTeradyne, Inc.600BADDA
6954-JPFanuc Corporation601BDBBC
3402-JPToray Industries, Inc.602BDBAC
POOL-USPool Corporation603BADCA
AGN-NLAegon NV604CAAAD
RCI.B-CARogers Communications Inc. Class B605DABBB
MKTX-USMarketAxess Holdings Inc.606DAADA
SWK-USStanley Black & Decker, Inc.607BABBC
6504-JPFuji Electric Co., Ltd.608BDBBC
UCG-ITUniCredit S.p.A.609CAABD
XRO-AUXero Limited610CAACC
TEMN-CHTemenos AG611DABBA
PNDORA-DKPandora A/S612DACDA
7269-JPSuzuki Motor Corp.613DDBBA
XYL-USXylem Inc.614BABDB
EFX-USEquifax Inc.615BAADB
6723-JPRenesas Electronics Corporation616CACBC
CME-USCME Group Inc. Class A617AADCD
6503-JPMitsubishi Electric Corp.618CDBBB
7272-JPYamaha Motor Co., Ltd.619BADAC
DWNI-DEDeutsche Wohnen SE620BABDB
NWG-GBNatWest Group Plc621DAAAD
SGRO-GBSEGRO plc622CABDB
RJF-USRaymond James Financial, Inc.623BDBBB
MRW-GBWm Morrison Supermarkets plc624BABBC
1925-JPDaiwa House Industry Co., Ltd.625CDDAB
1299-HKAIA Group Limited626AACDC
F-USFord Motor Company627AADDB
NLY-USAnnaly Capital Management, Inc.628BAABD
CHD-USChurch & Dwight Co., Inc.629CACDA
8411-JPMizuho Financial Group, Inc.630BADAD
DVA-USDaVita Inc.631DAAAB
WRB-USW. R. Berkley Corporation632BACAC
BMW-DEBayerische Motoren Werke AG633AABBD
MKC-USMcCormick & Company, Incorporated634BABDB
VNO-USVornado Realty Trust635DACAB
9843-JPNitori Holdings Co., Ltd.636DABAB
CTXS-USCitrix Systems, Inc.637DACDA
VEEV-USVeeva Systems Inc Class A638BADDA
LLOY-GBLloyds Banking Group plc639AABBD
MUV2-DEMunich Reinsurance Company640AABBD
ADEN-CHAdecco Group AG641DAABB
CNC-USCentene Corporation642BADDB
8316-JPSumitomo Mitsui Financial Group, Inc.643AABBD
4689-JPZ Holdings Corporation644CDBBC
VOW3-DEVolkswagen AG Pref645AABBD
DISCA-USDiscovery, Inc. Class A646BABBC
LSPD-CALightspeed Commerce Inc647BACCB
JCI-USJohnson Controls International plc648ADBBD
MPWR-USMonolithic Power Systems, Inc.649BADDA
DANSKE-DKDanske Bank A/S650DAAAD
UTDI-DEUnited Internet AG651DABAB
7733-JPOlympus Corp.652BDDBB
AME-USAMETEK, Inc.653BABDB
2593-JPITO EN,Ltd.654BDBBC
LVS-USLas Vegas Sands Corp.655DABBB
FLT-USFLEETCOR Technologies, Inc.656CABBB
KDP-USKeurig Dr Pepper Inc.657CABBC
SQ-USBlock Inc Class A658AACDC
7267-JPHonda Motor Co., Ltd.659BDDAD
KRX-IEKingspan Group Plc660CADBB
3659-JPNEXON Co., Ltd.661DABBB
8001-JPItochu Corporation662BDDAC
AV-GBAviva plc663BABBD
VRSN-USVeriSign, Inc.664DADCA
PAYC-USPaycom Software, Inc.665DADCA
T-CATELUS Corporation666CAADB
BLND-GBBritish Land Company PLC667CABAD
6752-JPPanasonic Corporation668BDDBB
GLW-USCorning Inc669CABBC
8766-JPTokio Marine Holdings, Inc.670BDDAD
VIV-FRVivendi SE671DAAAD
GPN-USGlobal Payments Inc.672BABCD
TTWO-USTake-Two Interactive Software, Inc.673DACDA
FOXA-USFox Corporation Class A674DACAB
EDEN-FREdenred SA675DAACB
1878-JPDaito Trust Construction Co., Ltd.676DDDAA
MCHP-USMicrochip Technology Incorporated677BDDDB
8960-JPUnited Urban Investment Corporation678BABAD
MDT-USMedtronic Plc679AACDD
F34-SGWilmar International Limited680BADAD
HLT-USHilton Worldwide Holdings Inc681BAADC
7201-JPNissan Motor Co., Ltd.682BDDAC
FFIV-USF5, Inc.683DACDA
4911-JPShiseido Company,Limited684BADCC
DXS-AUDexus685DDACC
TWTR-USTwitter, Inc.686BABDC
KESKOB-FIKesko Oyj Class B687DABBB
6857-JPAdvantest Corp.688CADCA
ACA-FRCredit Agricole SA689BABBD
EXPD-USExpeditors International of Washington, Inc.690CADDA
ALV-USAutoliv Inc.691BACDB
ABNB-USAirbnb, Inc. Class A692CABBB
BCE-CABCE Inc.693CACDB
EXPE-USExpedia Group, Inc.694CACCB
8015-JPToyota Tsusho Corp.695BDDAC
7532-JPPan Pacific International Holdings Corporation696BDBBC
4922-JPKose Corporation697CDDAB
SHL-DESiemens Healthineers AG697DACBB
APT-AUAfterpay Limited699CABBB
LISP-CHChocoladefabriken Lindt & Spruengli AG Partizipsch.700CABBC
ERIC.B-SETelefonaktiebolaget LM Ericsson Class B701BADBC
66-HKMTR Corporation Limited702CACAD
L-USLoews Corporation703BADAD
8591-JPORIX Corporation704CDDAC
HNR1-DEHannover Rueck SE705DABAC
LDOS-USLeidos Holdings, Inc.706DAABC
FNF-USFidelity National Financial, Inc. - FNF Group707DADAB
4587-JPPeptidream Inc.708BABBC
SWKS-USSkyworks Solutions, Inc.709CADDA
RGA-USReinsurance Group of America, Incorporated710BAACC
MB-ITMediobanca S.p.A.711DAAAD
ATVI-USActivision Blizzard, Inc.712BADDC
RPM-USRPM International Inc.713BADCC
GIB.A-CACGI Inc. Class A714DABBB
1928-JPSekisui House, Ltd.715CADAC
MOH-USMolina Healthcare, Inc.716DACDA
WDC-USWestern Digital Corporation717CDADC
CAG-USConagra Brands, Inc.718DDACC
SAN-ESBanco Santander, S.A.719AABDD
BR-USBroadridge Financial Solutions, Inc.720CACDA
RNR-USRenaissanceRe Holdings Ltd.721BABBC
SIVB-USSVB Financial Group722BACDB
SCR-FRScor SE723DAAAD
COH-AUCochlear Limited724DDBDA
AJG-USArthur J. Gallagher & Co.725CABBC
KRZ-IEKerry Group Plc Class A726CACBC
WAT-USWaters Corporation727CADDA
BF.B-USBrown-Forman Corporation Class B728CADCB
DOV-USDover Corporation729BACDB
CFG-USCitizens Financial Group, Inc.730BABCD
4502-JPTakeda Pharmaceutical Co. Ltd.731BDBBD
6201-JPToyota Industries Corp.732CDBAD
1928-HKSands China Ltd.733DADAB
LKQ-USLKQ Corporation734DAABC
BAM.A-CABrookfield Asset Management Inc. Class A735AADDD
SN-GBSmith & Nephew PLC736CACDB
QRVO-USQorvo, Inc.737DABCB
6301-JPKomatsu Ltd.738BDDAC
6902-JPDENSO CORPORATION739CDDAC
3861-JPOji Holdings Corp.740BDDAC
16-HKSun Hung Kai Properties Limited741BDDAD
FRE-DEFresenius SE & Co. KGaA742DABBB
4151-JPKyowa Kirin Co., Ltd.743CADAD
CARL.B-DKCarlsberg AS Class B744DADAB
EMBRAC.B-SEEmbracer Group AB Class B745DADBA
8002-JPMarubeni Corporation746BDDAD
AC-FRAccor SA747BABBD
POW-CAPower Corporation of Canada748CADAC
GBLB-BEGroupe Bruxelles Lambert SA749CACAD
4901-JPFUJIFILM Holdings Corp750BDDAC
MFC-CAManulife Financial Corporation751CAADD
823-HKLink Real Estate Investment Trust752BDBDC
3003-JPHulic Co., Ltd.753CABBC
G1A-DEGEA Group AG754DABBC
LUV-USSouthwest Airlines Co.755BADDA
DHI-USD.R. Horton, Inc.756CACAD
9602-JPToho Co. Ltd.757BDDAC
8750-JPDai-ichi Life Holdings,Inc.758BADAD
7832-JPBANDAI NAMCO Holdings Inc.759DADBB
SHOP-USShopify, Inc. Class A760AABDD
WELL-USWelltower, Inc.761AAADD
TW-GBTaylor Wimpey plc762DABBC
LNC-USLincoln National Corporation763CACAD
RTO-GBRentokil Initial plc764DACDA
BALN-CHBaloise-Holding AG765BABBD
7261-JPMazda Motor Corp.766BDBBC
HLMA-GBHalma plc767DDADB
SHL-AUSonic Healthcare Limited768CADCB
ADI-USAnalog Devices, Inc.769ADDDC
BSX-USBoston Scientific Corporation770AACDD
2503-JPKirin Holdings Company, Limited771DADAB
LUMN-USLumen Technologies, Inc.772DABBC
CPU-AUComputershare Limited773DDADB
4661-JPOriental Land Co., Ltd.774BDDAC
BNR-DEBrenntag SE775DABBC
PCAR-USPACCAR Inc776CADCB
O39-SGOversea-Chinese Banking Corporation Limited777CACAC
DDOG-USDatadog Inc Class A778CADCB
4062-JPIBIDEN CO., LTD.779BDDBD
W-USWayfair, Inc. Class A780DACDA
7270-JPSUBARU CORP781DDDAA
PSON-GBPearson PLC782CAACD
5802-JPSumitomo Electric Industries, Ltd.783BDDAC
6965-JPHamamatsu Photonics K.K.783BADBC
9022-JPCentral Japan Railway Company785CDBAD
SKG-GBSmurfit Kappa Group Plc786BACDB
AKZA-NLAkzo Nobel N.V.787BABCD
8697-JPJapan Exchange Group, Inc.788DABBB
RHC-AURamsay Health Care Limited789DADAB
C31-SGCapitaLand Limited790BABBD
SJM-USJ.M. Smucker Company791DABAC
NA-CANational Bank of Canada792DAADB
ALC-CHAlcon AG793BABBD
9101-JPNippon Yusen Kabushiki Kaisha794BDDAD
LEN-USLennar Corporation Class A795CADCB
UHS-USUniversal Health Services, Inc. Class B796DADAB
SW-FRSodexo SA797DDCAC
PTC-USPTC Inc.798DABBC
SNA-USSnap-on Incorporated799DACBB
FME-DEFresenius Medical Care AG & Co. KGaA800DADAC
9020-JPEast Japan Railway Company801BDDAD
ENT-GBEntain PLC802CABBC
SGP-AUStockland803DDBAD
AVB-USAvalonBay Communities, Inc.804BADCD
9435-JPHikari Tsushin, Inc.805BDBBD
PH-USParker-Hannifin Corporation806CDDDB
TYL-USTyler Technologies, Inc.807BADDB
7951-JPYamaha Corporation808DDDAC
CCI-USCrown Castle International Corp809AADDD
4578-JPOtsuka Holdings Co., Ltd.810CADAD
GMG-AUGoodman Group811BADDB
NTRS-USNorthern Trust Corporation812DABBC
RNO-FRRenault SA813DABBB
NOKIA-FINokia Oyj814BABBD
TWLO-USTwilio, Inc. Class A814BABBD
4751-JPCyberAgent, Inc.816DADBA
PINS-USPinterest, Inc. Class A817CABDB
BEN-USFranklin Resources, Inc.818DDCAC
9735-JPSecom Co., Ltd.819CDDBB
2502-JPAsahi Group Holdings,Ltd.820CADBC
23-HKBank of East Asia Ltd.821BADAD
DELL-USDell Technologies Inc Class C822CDDDA
8801-JPMitsui Fudosan Co., Ltd.823CABBD
STAN-GBStandard Chartered PLC824DAAAD
HSIC-USHenry Schein, Inc.825DABBB
8309-JPSumitomo Mitsui Trust Holdings, Inc.826CACAD
SBRY-GBJ Sainsbury plc827DABBC
UCB-BEUCB S.A.827DABAD
KBC-BEKBC Group N.V.829DADAC
Y-USAlleghany Corporation830BACBD
MNG-GBM&G Plc831DABBB
SLF-CASun Life Financial Inc.832CABDC
8053-JPSumitomo Corporation833BDDAD
OCDO-GBOcado Group PLC834DADBB
GNRC-USGenerac Holdings Inc.835CADDB
TTD-USTrade Desk, Inc. Class A836BADDB
LYFT-USLyft, Inc. Class A837DABCB
BSY-USBentley Systems, Incorporated Class B838DADBA
6988-JPNitto Denko Corp.839DDBBB
9143-JPSG Holdings Co., Ltd.840DADAC
2388-HKBOC Hong Kong (Holdings) Limited841DADAC
ERF-FREurofins Scientific Societe Europeenne842DACBC
7701-JPShimadzu Corporation843CDDBB
ANSS-USANSYS, Inc.844CACDB
LH-USLaboratory Corporation of America Holdings845CACDC
6502-JPToshiba Corporation846CDCAD
RF-USRegions Financial Corporation847CAACD
VNA-DEVonovia SE848CABDB
ACGL-USArch Capital Group Ltd.849DACAC
CCL.B-CACCL Industries Inc. Class B850DADCB
PEAK-USHealthpeak Properties, Inc.851CAADD
ROP-USRoper Technologies, Inc.852AADDC
IPGP-USIPG Photonics Corporation853DADBB
LYV-USLive Nation Entertainment, Inc.854CACBC
4385-JPMercari, Inc.855DDBBB
INCY-USIncyte Corporation856CABDB
MTN-USVail Resorts, Inc.857DDBDB
EXR-USExtra Space Storage Inc.858CADDB
ATO-FRAtos SE859DACBB
TXG-US10x Genomics Inc Class A860DABBB
7186-JPConcordia Financial Group, Ltd.861DABAD
27-HKGalaxy Entertainment Group Limited862DADAA
SPLK-USSplunk Inc.863DABBC
6506-JPYaskawa Electric Corporation864CDDBB
BWA-USBorgWarner Inc.865DABCB
STT-USState Street Corporation866BACDC
GWRE-USGuidewire Software, Inc.867BABDD
ASX-AUASX Limited868DAADC
6645-JPOMRON Corporation869CDDBB
8830-JPSumitomo Realty & Development Co., Ltd.870DDBAC
BBVA-ESBanco Bilbao Vizcaya Argentaria, S.A.871BACDD
WY-USWeyerhaeuser Company872BABDD
17-HKNew World Development Co. Ltd.873BDBBD
CINF-USCincinnati Financial Corporation874DABBC
J-USJacobs Engineering Group Inc.875CAADD
MRVL-USMarvell Technology, Inc.876ADBDD
2267-JPYakult Honsha Co., Ltd.877DDBBB
SUN-AUSuncorp Group Limited878CABBD
STJ-GBSt. James's Place Plc879DADBB
8725-JPMS&AD Insurance Group Holdings, Inc.880CDDAD
GPT-AUGPT Group881DABBC
KKR-USKKR & Co. Inc.882BADDC
LBTYA-USLiberty Global Plc Class A883DADAC
6586-JPMakita Corporation884DABAD
POLI-ILBank Hapoalim BM885CABBD
6841-JPYokogawa Electric Corp.886DDBAC
AIZ-USAssurant, Inc.887DAABD
IAG-AUInsurance Australia Group Limited888DABBC
AGS-BEageas SA/NV889DAAAD
SMIN-GBSmiths Group Plc890DDADC
PTON-USPeloton Interactive, Inc. Class A891DABBB
FBHS-USFortune Brands Home & Security, Inc.892DACCB
BLDP-CABallard Power Systems Inc.893BABCD
SAM-USBoston Beer Company, Inc. Class A894DADCA
UHR-CHSwatch Group Ltd. Bearer895BABDC
ROKU-USRoku, Inc. Class A896CACDB
TECH-USBio-Techne Corporation897CADDC
DLR-USDigital Realty Trust, Inc.898BACDD
U-USUnity Software, Inc.899DABBB
SYD-AUSydney Airport900DABBC
9041-JPKintetsu Group Holdings Co., Ltd.901BDBBD
9766-JPKONAMI HOLDINGS CORP902DDDAB
2801-JPKikkoman Corporation903CDDBC
GET-FRGetlink SE904DAABD
DKNG-USDraftKings Inc Class A905DABBB
GLE-FRSociete Generale S.A. Class A906BACDD
CPT-USCamden Property Trust907DABBD
JNPR-USJuniper Networks, Inc.908DACBC
EBS-ATErste Group Bank AG909DABBD
CCK-USCrown Holdings, Inc.910DABAC
CABK-ESCaixaBank SA911DAABD
RBA-CARitchie Bros. Auctioneers Incorporated912DAADB
U11-SGUnited Overseas Bank Ltd. (Singapore)913DACAC
MDB-USMongoDB, Inc. Class A914DADDB
SNOW-USSnowflake, Inc. Class A915DAADB
PLTR-USPalantir Technologies Inc. Class A916DABCB
XRAY-USDENTSPLY SIRONA, Inc.917DABBD
DT-USDynatrace, Inc.918DAABD
SHB.A-SESvenska Handelsbanken AB Class A919DABBC
C38U-SGCapitaLand Integrated Commercial Trust920CAADD
MGR-AUMirvac Group921DDADC
9201-JPJapan Airlines Co., Ltd.922BDDDB
TRU-USTransUnion923CABDC
8802-JPMitsubishi Estate Company, Limited924CDDAD
URW-NLUnibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod925CABDC
PNR-USPentair plc926DAADC
CSGP-USCoStar Group, Inc.927BADDC
LBRDK-USLiberty Broadband Corp. Class C928CAABD
HZNP-USHorizon Therapeutics Public Limited Company929CADDC
IVZ-USInvesco Ltd.930DAACD
6273-JPSMC Corporation931CDDBC
EDV-AUEndeavour Group Ltd932DABBC
PODD-USInsulet Corporation933CAADD
VIAC-USViacomCBS Inc. Class B934DAADD
8954-JPORIX JREIT Inc.935CDBBD
QBE-AUQBE Insurance Group Limited936CABBD
VTR-USVentas, Inc.937CABBD
4684-JPOBIC Co., Ltd.938DADAC
TCL-AUTransurban Group Ltd.939BDBDD
CTC.A-CACanadian Tire Corporation, Limited Class A940DADBB
QSR-CARestaurant Brands International Inc941CABDD
ARW-USArrow Electronics, Inc.942DABBD
ORI-AUOrica Limited943CDBDC
WCN-CAWaste Connections, Inc.944BADDC
VTRS-USViatris, Inc.945DABBD
4324-JPDentsu Group Inc.946DADAD
MRU-CAMetro Inc.947DDDCB
CSGN-CHCredit Suisse Group AG948CABDD
CYBR-USCyberArk Software Ltd.949DADDA
TRMB-USTrimble Inc.950CADDC
9042-JPHankyu Hanshin Holdings, Inc.951BDDBD
PUM-DEPUMA SE952DABBC
BRO-USBrown & Brown, Inc.953DADBC
G13-SGGenting Singapore Limited954DADAC
ALLY-USAlly Financial Inc955DAACD
7011-JPMitsubishi Heavy Industries, Ltd.956DDDAC
BG-USBunge Limited957BABDD
PHM-USPulteGroup, Inc.958DABBD
DHER-DEDelivery Hero SE959CABCD
CWN-AUCrown Resorts Limited960DACAD
9007-JPOdakyu Electric Railway Co., Ltd.961BDDBD
TFX-USTeleflex Incorporated962DABBC
ZBH-USZimmer Biomet Holdings, Inc.963BABDD
8951-JPNippon Building Fund, Inc.964CABBD
AFG-USAmerican Financial Group, Inc.965DADAC
BKI-USBlack Knight, Inc.966DABBC
CZR-USCaesars Entertainment Inc967CABBD
SUI-USSun Communities, Inc.968CABBD
8601-JPDaiwa Securities Group Inc.969DDDAD
VCX-AUVicinity Centres970DABBD
AGNC-USAGNC Investment Corp.971DABBD
8604-JPNomura Holdings, Inc.972DADAD
6701-JPNEC Corp.973DDDBC
4536-JPSanten Pharmaceutical Co., Ltd.974DADBC
4612-JPNIPPON PAINT HOLDINGS CO.LTD.975DADBD
ENPH-USEnphase Energy, Inc.976BADDD
OTEX-CAOpen Text Corporation977DADDC
NWL-USNewell Brands Inc978DABBD
CGNX-USCognex Corporation979DADDB
RBI-ATRaiffeisen Bank International AG980DABBD
VICI-USVICI Properties Inc981DABBD
WIX-USWix.com Ltd.982DACDB
6971-JPKyocera Corporation983DADAD
6952-JPCasio Computer Co., Ltd.984DDDAC
MKL-USMarkel Corporation985DABBD
DISH-USDISH Network Corporation Class A986DABBD
CVNA-USCarvana Co. Class A987DABBD
O-USRealty Income Corporation988BABDD
9962-JPMisumi Group Inc.989DDBCC
TEVA-USTeva Pharmaceutical Industries Limited Sponsored ADR990DABBD
9021-JPWest Japan Railway Company991BDDCC
WPC-USW. P. Carey Inc.992DABBD
TWE-AUTreasury Wine Estates Limited993DDADD
9202-JPANA Holdings Inc.994BDDDC
NVAX-USNovavax, Inc.995DABBD
ALNY-USAlnylam Pharmaceuticals, Inc996DABBD
8308-JPResona Holdings, Inc.997CADCD
HFG-DEHelloFresh SE998DABCD
ENR-DESiemens Energy AG999CDBBD
AVLR-USAvalara Inc1000DACDB
FWONK-USLiberty Media Corp. Series C Liberty Formula One1001DADAD
IEX-USIDEX Corporation1002DADDB
BIO-USBio-Rad Laboratories, Inc. Class A1003CADCD
SINCH-SESinch AB1004DACCC
ELAN-USElanco Animal Health, Inc.1005DAADD
VER-USVEREIT, Inc.1006BABDD
TSN-USTyson Foods, Inc. Class A1007DDDCB
IAC-USIAC/InteractiveCorp.1008DADDB
7752-JPRicoh Company, Ltd.1009DDDAD
8795-JPT&D Holdings, Inc.1010DABBD
ESS-USEssex Property Trust, Inc.1011CACCD
DRE-USDuke Realty Corporation1012CACDD
PLUG-USPlug Power Inc.1013DABBD
NLOK-USNortonLifeLock Inc.1014DDBBD
WYNN-USWynn Resorts, Limited1015DABBD
ADM-USArcher-Daniels-Midland Company1016BADDD
WAB-USWestinghouse Air Brake Technologies Corporation1017DADCD
INVH-USInvitation Homes, Inc.1018CAADD
ADE-NOAdevinta ASA1019DABBD
ARE-USAlexandria Real Estate Equities, Inc.1020CADDD
6383-JPDaifuku Co., Ltd.1021DDDBD
MTB-USM&T Bank Corporation1022DADCD
RNG-USRingCentral, Inc. Class A1023DACDC
COO-USCooper Companies, Inc.1024DACDC
LLC-AULendlease Group1025DDBDC
9005-JPTOKYU CORPORATION1026DDDAD
HBAN-USHuntington Bancshares Incorporated1027DACDC
INF-GBInforma Plc1027DABDD
BXP-USBoston Properties, Inc.1029CADDC
WTB-GBWhitbread PLC1030DDCDC
DBK-DEDeutsche Bank AG1031CADCD
SLHN-CHSwiss Life Holding AG1032DADBD
RE-USEverest Re Group, Ltd.1033DADBD
CDAY-USCeridian HCM Holding, Inc.1034DABCD
CTLT-USCatalent Inc1035CDCDD
SSNC-USSS&C Technologies Holdings, Inc.1036DADBD
BMRN-USBioMarin Pharmaceutical Inc.1037CACDD
CCL-USCarnival Corporation1038DADCC
DISCK-USDiscovery, Inc. Class C1039DADCC
TKWY-NLJust Eat Takeaway.com N.V.1040DABBD
PKI-USPerkinElmer, Inc.1041DACDC
RCL-USRoyal Caribbean Group1042DADCC
8593-JPMitsubishi HC Capital Inc.1043DADCD
6963-JPRohm Co., Ltd.1044DDDBD
MLCO-USMelco Resorts & Entertainment Limited Sponsored ADR1045BADDD
IFC-CAIntact Financial Corporation1046DACDC
NVCR-USNovoCure Ltd.1047DABBD
NBIX-USNeurocrine Biosciences, Inc.1048DABBD
HST-USHost Hotels & Resorts, Inc.1049DADDC
FFH-CAFairfax Financial Holdings Limited1050DADCD
CBK-DECommerzbank AG1051DADBD
MRO-GBMelrose Industries PLC1052DABCD
OHI-USOmega Healthcare Investors, Inc.1053DACCD
REG-USRegency Centers Corporation1054DACCD
TAP-USMolson Coors Beverage Company Class B1055DADCD
OKTA-USOkta, Inc. Class A1056CACDD
REI.UT-CARioCan Real Estate Investment Trust1057DADCD
ALO-FRAlstom SA1058DDCDD
FRC-USFirst Republic Bank1059CADDC
CAE-CACAE Inc.1060DDDDC
TAH-AUTabcorp Holdings Limited1061DDCDD
WEED-CACanopy Growth Corporation1062DDBBD
MPW-USMedical Properties Trust, Inc.1063DADDD
Z-USZillow Group, Inc. Class C1064DADDD
BHC-USBausch Health Companies Inc.1065DABDD
ZEN-USZendesk, Inc.1066DACDD
ARGX-BEarGEN-X SE1067DADDD
NWSA-USNews Corporation Class A1068DACDD
COUP-USCoupa Software, Inc.1069DACDD
TDOC-USTeladoc Health, Inc.1070DADDD
BB-CABlackBerry Limited1071DDBDD
SGEN-USSeagen, Inc.1072CADDD
EXAS-USExact Sciences Corporation1073DABDD
STE-USSTERIS Plc1074DDDDC
MAA-USMid-America Apartment Communities, Inc.1075DACDD
SE-USSea Ltd. (Singapore) Sponsored ADR Class A1076DABDD
PAH3-DEPorsche Automobil Holding SE Pref1077DABDD
UDR-USUDR, Inc.1078DACDD
QGEN-USQIAGEN NV1079DADDD
KMX-USCarMax, Inc.1080DDDDD
A17U-SGAscendas Real Estate Investment Trust1081DADDD
Transparent_Randall_A

“We decided to build our own ESG approach rather than license one from a third party. Though it was a significant undertaking, we are quite proud of what we’ve created because it resulted in an methodology that marries common sense with robust systematic ranking.”

Randall Abramson, CFA

CEO, Portfolio Manager

We built our ESG approach from the ground up

FULL CONTROL

Most investment managers outsource their ESG process. While a cost effective route, outsourcing means giving up control. With many ESG vendors and ESG ETFs coming under scrutiny recently for their ESG approaches, we decided to build our own process.  We have complete control, full transparency, and have the ability to continuously improve our strategy in ways that make sense to us.

EMBEDDED FINANCAL METRICS

Most ESG approaches do not embed any financial metrics into their ranking process. Our proprietary Virtuous Cycle ScoreTM identifies companies with high profitability. These businesses have the resources and staying power to create lasting change.

A SMARTER APPROACH TO EXCLUSIONS

ESG approaches usually have broad and rigid exclusion rules. For example, all companies from industries like Oil & Gas are typically excluded from the investment universe. While our ranking approach excludes companies from industries that are associated with controversial or environmentally harmful activities, we may include companies from these industries in our portfolios should they demonstrate substantial commitments to reducing their carbon footprint, reduction of controversial or environmentally harmful activities, or other clearly articulated material changes to products and/or services. Our approach rewards companies that are making wholesale changes; often these initiatives result in the largest net reductions in emissions or carbon footprint.

PROPRIETARY METRICS

With over 20 years of financial innovation, we have a deep understanding and history of integrating systematic methodologies and ranking systems into our investment approach.

Learn more about our commitment to sustainability

ESG_Header

OUR COMMITMENT TO

Sustainable Investing

We have always been mindful of environmental, social, and governance issues (ESG), eschewing companies that sell firearms, tobacco, or are involved in environmentally damaging activities like coal mining.

In 2020, we developed a new, more robust ESG framework that codifies many of our long-held beliefs. Our proprietary quantitative ESG system ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.

How we find great companies doing great things

Our proprietary quantitative ESG model ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.

Quarterly Global ESG Rankings

The 1,250 largest global companies ranked using our proprietary quantitative ESG model.

ESG Ranks as of Q4 2021

TICKERNAMERANKINGENVIRONMENT GRADECULTURE GRADEGOVERNANCE GRADEALIGNMENT GRADEVIRTUOUS CYCLE GRADE
GSK-GBGlaxoSmithKline plc1AAAAA
HRL-USHormel Foods Corporation2AAAAB
SHW-USSherwin-Williams Company3AAAAA
BBY-USBest Buy Co., Inc.4BDAAA
HPQ-USHP Inc.5AAACA
LLY-USEli Lilly and Company6AAABA
PRX-NLProsus N.V. Class N7AAABA
CNR-CACanadian National Railway Company8AAABA
ULVR-GBUnilever PLC9AAABA
WMT-USWalmart Inc.10ADCAA
OR-FRL'Oreal SA11AABAA
288-HKWH Group Ltd. (HK)12AABAB
TGT-USTarget Corporation13AAACA
AUTO-GBAuto Trader Group PLC14ADABA
FB-USMeta Platforms Inc. Class A15AAACA
NOVO.B-DKNovo Nordisk A/S Class B16AACBA
EBAY-USeBay Inc.17BAAAB
MA-USMastercard Incorporated Class A18AABBA
ABBN-CHABB Ltd.19AAAAB
MC-FRLVMH Moet Hennessy Louis Vuitton SE20AABAA
AMZN-USAmazon.com, Inc.21AABCA
388-HKHong Kong Exchanges & Clearing Ltd.22AAABA
NVDA-USNVIDIA Corporation23AABBA
HCA-USHCA Healthcare Inc24AABAA
COLR-BEEtablissementen Franz Colruyt N.V.25BABAA
INTC-USIntel Corporation26AAADA
RMS-FRHermes International SCA27AABAA
LRCX-USLam Research Corporation28AAACA
ASML-NLASML Holding NV29AAABB
MSFT-USMicrosoft Corporation30ADBBA
LULU-USLululemon Athletica Inc31AAACA
ROG-CHRoche Holding Ltd32AACCA
LOW-USLowe's Companies, Inc.33AABBA
NESN-CHNestle S.A.34AACAB
NOVN-CHNovartis AG35AAAAB
ML-FRCompagnie Generale des Etablissements Michelin SCA36AAABB
GOOG-USAlphabet Inc. Class C37AACBA
ULTA-USUlta Beauty Inc38BDAAA
TEL-NOTelenor ASA39BABAA
CL-USColgate-Palmolive Company40AAADA
AFL-USAflac Incorporated41AAAAB
SPGI-USS&P Global, Inc.42AABBA
ACN-USAccenture Plc Class A43AAADA
VZ-USVerizon Communications Inc.44AAADA
CI-USCigna Corporation45AAAAB
GOOGL-USAlphabet Inc. Class A46AABBA
ADP-USAutomatic Data Processing, Inc.47ADACA
GILD-USGilead Sciences, Inc.48AAADA
ORCL-USOracle Corporation49ADCAB
QCOM-USQualcomm Inc50AAADA
CRM-USsalesforce.com, inc.51AABBA
TROW-UST. Rowe Price Group52BAACA
HM.B-SEH&M Hennes & Mauritz AB Class B53CAAAA
MFG-AUMagellan Financial Group Ltd54CDAAA
CSCO-USCisco Systems, Inc.55AABBA
MMM-US3M Company56AAADA
S68-SGSingapore Exchange Ltd.57BAAAA
UPS-USUnited Parcel Service, Inc. Class B58AAADA
DGE-GBDiageo plc59AAACB
KNEBV-FIKone Oyj Class B60CAAAA
REL-GBRELX PLC61AAACA
BMY-USBristol-Myers Squibb Company62AAACB
IT-USGartner, Inc.63BABAA
ADSK-USAutodesk, Inc.64AABBA
CPB-USCampbell Soup Company65BDAAA
KER-FRKering SA66AABAB
ABBV-USAbbVie, Inc.67AABDA
WKL-NLWolters Kluwer NV68BAAAA
AMAT-USApplied Materials, Inc.69AACCA
SAN-FRSanofi70AAAAC
WBA-USWalgreens Boots Alliance Inc71BAAAB
ADM-GBAdmiral Group plc72DAAAA
AAPL-USApple Inc.73AACDA
9433-JPKDDI Corporation74AADAA
CTSH-USCognizant Technology Solutions Corporation Class A75AAACA
HD-USHome Depot, Inc.76AADDA
ITX-ESIndustria de Diseno Textil, S.A.77BDCAA
AVGO-USBroadcom Inc.78ADADB
HON-USHoneywell International Inc.79AABCA
DNB-NODNB Bank ASA80AAAAC
RACE-ITFerrari NV81BABAA
AON-USAon Plc Class A82AACBA
AZO-USAutoZone, Inc.83BAABA
MMC-USMarsh & McLennan Companies, Inc.84AABBA
PG-USProcter & Gamble Company85AABDA
AMGN-USAmgen Inc.86AABCA
BKNG-USBooking Holdings Inc.87AABBA
CBA-AUCommonwealth Bank of Australia88AAACC
BLK-USBlackRock, Inc.89AAABC
MU-USMicron Technology, Inc.90ADADA
SGO-FRCompagnie de Saint-Gobain SA91AAAAC
RKT-GBReckitt Benckiser Group plc92AAACB
RSG-USRepublic Services, Inc.93BAAAC
ORLY-USO'Reilly Automotive, Inc.94BABBA
DTE-DEDeutsche Telekom AG95AABBA
V-USVisa Inc. Class A96ADBDA
IGM-CAIGM Financial Inc.97BAAAB
GM-USGeneral Motors Company98AAADB
ANTM-USAnthem, Inc.99AAACC
KO-USCoca-Cola Company100AABDB
9432-JPNippon Telegraph and Telephone Corporation101BADAA
UNP-USUnion Pacific Corporation102AACCA
ESSITY.B-SEEssity AB Class B103AABBB
CHRW-USC.H. Robinson Worldwide, Inc.104BABBA
LII-USLennox International Inc.105DAAAA
IPN-FRIpsen SA106CAAAA
FTNT-USFortinet, Inc.107BABBA
MRK-USMerck & Co., Inc.108AAADB
CMG-USChipotle Mexican Grill, Inc.109AABBA
FISV-USFiserv, Inc.110AAABB
ADBE-USAdobe Inc.111AABDA
WOW-AUWoolworths Group Ltd112BDACA
INTU-USIntuit Inc.113AADDA
HUM-USHumana Inc.114AAACA
MRNA-USModerna, Inc.115AAACB
EMR-USEmerson Electric Co.116AABCA
DPW-DEDeutsche Post AG117AACAA
SIRI-USSirius XM Holdings, Inc.118BADAA
BX-USBlackstone Inc.119AABBB
GEBN-CHGeberit AG120BACBA
ONEX-CAOnex Corporation121BADAA
YUM-USYum! Brands, Inc.122BABBA
ILMN-USIllumina, Inc.123AABBA
IDXX-USIDEXX Laboratories, Inc.124AACDA
SNPS-USSynopsys, Inc.125AABBB
EW-USEdwards Lifesciences Corporation126AAADA
PSN-GBPersimmon Plc127CAAAA
LGEN-GBLegal & General Group Plc128BABAB
ADYEN-NLAdyen NV129AABCA
TIT-ITTelecom Italia S.p.A.130BAAAC
MTD-USMettler-Toledo International Inc.131AACBA
Z74-SGSingapore Telecommunications Limited132BAAAB
KMB-USKimberly-Clark Corporation133BAADA
BBWI-USBath & Body Works, Inc.134DDAAA
7259-JPAisin Corporation135BABAB
ADS-DEadidas AG136AABBA
DE-USDeere & Company137ADAAC
MNDI-GBMondi plc138BAACA
USB-USU.S. Bancorp139AAACC
SEIC-USSEI Investments Company140BACAA
PYPL-USPayPal Holdings, Inc.141AAADA
VRTX-USVertex Pharmaceuticals Incorporated142AABDA
ALGN-USAlign Technology, Inc.143AACCA
VMW-USVMware, Inc. Class A144BABBA
UBSG-CHUBS Group AG145AAAAD
COL-AUColes Group Ltd.146DAABA
OTIS-USOtis Worldwide Corporation147BAADA
FERG-GBFerguson Plc148AAADA
IBM-USInternational Business Machines Corporation149AADDA
SBUX-USStarbucks Corporation150AADDA
5108-JPBridgestone Corporation151AADAB
EPI.A-SEEpiroc AB Class A152CAABA
6869-JPSysmex Corporation153BDBBB
TEL-USTE Connectivity Ltd.154AABBB
EA-USElectronic Arts Inc.155CAABA
NOW-USServiceNow, Inc.156AACDA
TXN-USTexas Instruments Incorporated157AADDA
PAYX-USPaychex, Inc.158ADDBA
PSA-USPublic Storage159AABBB
SPK-NZSpark New Zealand Limited160CAABA
TMV-DETeamViewer AG161BABBA
ATCO.B-SEAtlas Copco AB Class B162BABBA
DG-USDollar General Corporation163BABBB
EL-FREssilorLuxottica SA164AABBC
GS-USGoldman Sachs Group, Inc.165AAAAD
PEP-USPepsiCo, Inc.165AADDA
VOD-GBVodafone Group Plc167BDAAC
WES-AUWesfarmers Limited168AABBB
T-USAT&T Inc.169AABCB
EO-FRFaurecia SA170DAAAA
CASH_USDU.S. Dollar171AABBB
ROST-USRoss Stores, Inc.172BDBCA
ANET-USArista Networks, Inc.173CAABA
UBER-USUber Technologies, Inc.174AABBB
ILD-FRIliad175BACAA
SGSN-CHSGS SA176CACAA
EQT-SEEQT AB177DAABA
AHT-GBAshtead Group plc178BDACA
EN-FRBouygues SA179CAAAB
ZURN-CHZurich Insurance Group Ltd180AAABC
SCHN-CHSchindler Holding AG181BADAA
DPZ-USDomino's Pizza, Inc.182BABBA
HSY-USHershey Company183CAADA
PGR-USProgressive Corporation184AAADA
TELIA-SETelia Company AB185CAAAB
KPN-NLRoyal KPN NV186DAAAB
SCMN-CHSwisscom AG187CABAA
FAST-USFastenal Company188BABBA
6758-JPSony Group Corporation189ADDDA
DIM-FRSartorius Stedim Biotech SA190DAAAA
AMP-USAmeriprise Financial, Inc.191BABBA
AMS-ESAmadeus IT Group SA Class A192BABBA
AXP-USAmerican Express Company193AADDA
CLX-USClorox Company194DAACA
ORK-NOOrkla ASA195CAAAC
CSX-USCSX Corporation196AAADB
NKE-USNIKE, Inc. Class B197ADDDA
JPM-USJPMorgan Chase & Co.198AABBC
EXPN-GBExperian PLC199BDBBA
WRT1V-FIWartsila Oyj Abp200CAAAB
JNJ-USJohnson & Johnson201AADDA
MCK-USMcKesson Corporation202BDBBA
STLA-ITStellantis N.V.203BACCA
L-CALoblaw Companies Limited204DAAAC
6981-JPMurata Manufacturing Co., Ltd.205ADBBB
RO-CHRoche Holding AG206BABBA
SNAP-USSnap, Inc. Class A207BAACB
TJX-USTJX Companies Inc208ADCDA
ORA-FROrange SA209DAAAB
III-GB3i Group plc210BDACB
ZTS-USZoetis, Inc. Class A211AAADB
NTAP-USNetApp, Inc.212CABBA
CMCSA-USComcast Corporation Class A213AACCB
BAC-USBank of America Corp214AAACD
MAR-USMarriott International, Inc. Class A215CABBA
SIE-DESiemens AG216AABBC
C-USCitigroup Inc.217AAACD
NAB-AUNational Australia Bank Limited218AAABC
PGHN-CHPartners Group Holding AG219CABBA
BIIB-USBiogen Inc.220BADCA
WM-USWaste Management, Inc.221BAABB
TSCO-USTractor Supply Company222CAACA
AZN-GBAstraZeneca PLC223AABBC
EPAM-USEPAM Systems, Inc.224BABBA
STM-FRSTMicroelectronics NV225BABBA
G-ITAssicurazioni Generali S.p.A.226BAAAD
NXPI-USNXP Semiconductors NV227AABBB
SAP-DESAP SE228AACBC
TD-CAToronto-Dominion Bank229AAADC
2413-JPM3, Inc.230BADAA
ABMD-USABIOMED, Inc.231BABBA
SKF.B-SESKF AB Class B232BABAB
WN-CAGeorge Weston Limited233CABAB
HEIO-NLHeineken Holding N.V.234BACAA
MAERSK.B-DKA.P. Moller - Maersk A/S Class B235BABAC
UNH-USUnitedHealth Group Incorporated236AADDB
CSL-AUCSL Limited237AABDA
4507-JPShionogi & Co., Ltd.238BADAB
WFC-USWells Fargo & Company239AAACD
ASM-NLASM International N.V.240BAACC
NIBE.B-SENIBE Industrier AB Class B241CAAAC
CSU-CAConstellation Software Inc.242BADCA
PKG-USPackaging Corporation of America243BABBB
MQG-AUMacquarie Group Limited244AABBB
EPI.B-SEEpiroc AB Class B245BABCA
FDS-USFactSet Research Systems Inc.246BABCA
GIS-USGeneral Mills, Inc.247ADBBB
GPC-USGenuine Parts Company248CAABA
VOLV.B-SEVolvo AB Class B249BACAB
FDX-USFedEx Corporation250AACCB
DG-FRVINCI SA251AACBB
6098-JPRecruit Holdings Co., Ltd.252ADDBA
CERN-USCerner Corporation253BABBA
KLAC-USKLA Corporation254AACDA
IHG-GBInterContinental Hotels Group PLC255CABBA
VRSK-USVerisk Analytics Inc256BABDA
TRI-CAThomson Reuters Corporation257BACAC
BXB-AUBrambles Limited258CAACA
MNST-USMonster Beverage Corporation259AADBA
CMI-USCummins Inc.260BABBA
EL-USEstee Lauder Companies Inc. Class A261ADDDA
BNS-CABank of Nova Scotia262AAADC
MONC-ITMoncler SpA263BACBA
ABT-USAbbott Laboratories264AAADC
MSCI-USMSCI Inc. Class A265BAACA
NVR-USNVR, Inc.266BACBA
ODFL-USOld Dominion Freight Line, Inc.267BADBA
CNHI-USCNH Industrial NV268CAAAB
MELI-USMercadoLibre, Inc.269AADCA
GWW-USW.W. Grainger, Inc.270BABBA
HSBA-GBHSBC Holdings Plc271AAABD
SKA.B-SESkanska AB Class B272CAAAB
SYY-USSysco Corporation273BDBBB
PANW-USPalo Alto Networks, Inc.274BADDA
6861-JPKeyence Corporation275ADBBC
TMO-USThermo Fisher Scientific Inc.276AABBC
MG-CAMagna International Inc.277DAABA
1929-HKChow Tai Fook Jewellery Group Limited278BDDAA
NZYM.B-DKNovozymes A/S Class B279CABBA
DAL-USDelta Air Lines, Inc.280BABBA
SIKA-CHSika AG281AADCB
IP-USInternational Paper Company282BAABB
ALL-AUAristocrat Leisure Limited283BDBBA
669-HKTechtronic Industries Co., Ltd.284BABBA
9434-JPSoftBank Corp.285CABBA
7203-JPToyota Motor Corp.286ADBBC
BARC-GBBarclays PLC287AAAAD
9613-JPNTT DATA Corporation288BADAA
ATD.B-CAAlimentation Couche-Tard Inc. Class B289BDDAA
ELISA-FIElisa Oyj Class A290CABBA
COST-USCostco Wholesale Corporation291AADDA
7741-JPHOYA CORPORATION292ADDCA
AAP-USAdvance Auto Parts, Inc.293BAABB
7974-JPNintendo Co., Ltd.294BABBB
FICO-USFair Isaac Corporation295DDAAA
ISRG-USIntuitive Surgical, Inc.296AACDB
EVO-SEEvolution AB297CABCA
4307-JPNomura Research Institute,Ltd.298BDBBB
6178-JPJAPAN POST HOLDINGS Co., Ltd.299CDAAC
8035-JPTokyo Electron Ltd.300AADCA
LHA-DEDeutsche Lufthansa AG301BABBA
FR-FRValeo SE302CAACA
SAMPO-FISampo Oyj Class A303BAAAC
CABO-USCable One, Inc.304BABBA
CP-CACanadian Pacific Kansas City Limited305BABBB
ROK-USRockwell Automation, Inc.306BACDA
5332-JPTOTO Ltd307BDBAB
PRU-GBPrudential plc308AABBB
COLO.B-DKColoplast A/S Class B309CABBA
BK-USBank of New York Mellon Corporation310BAABD
PFE-USPfizer Inc.310AACDB
BRBY-GBBurberry Group plc312DDACA
6479-JPMinebeaMitsumi Inc.313BDBBB
ITW-USIllinois Tool Works Inc.314AADDA
COF-USCapital One Financial Corporation315AAAAD
TFC-USTruist Financial Corporation316AAACD
BN-FRDanone SA317BAAAC
PHIA-NLKoninklijke Philips N.V.318BAABC
GL-USGlobe Life Inc.319BAABB
CTAS-USCintas Corporation320ADDBB
8306-JPMitsubishi UFJ Financial Group, Inc.321AACAD
ACS-ESActividades de Construccion y Servicios SA322BADAB
DIS-USWalt Disney Company323ADADC
SYF-USSynchrony Financial324CAABB
MAERSK.A-DKA.P. Moller - Maersk A/S Class A325BABAC
STZ-USConstellation Brands, Inc. Class A326AACAC
WU-USWestern Union Company327DAABA
6501-JPHitachi,Ltd.328ADDBB
ASSA.B-SEASSA ABLOY AB Class B329BABBB
KR-USKroger Co.330DAABA
FBK-ITFinecoBank SpA331BAADA
MS-USMorgan Stanley332AABCD
KINV.B-SEKinnevik AB Class B333CAADA
NDA.SE-SENordea Bank Abp334CAAAD
ON-USON Semiconductor Corporation335BABBB
NSC-USNorfolk Southern Corporation336AABCC
AMT-USAmerican Tower Corporation337AADDA
CBRE-USCBRE Group, Inc. Class A338BAADB
ATM-NZa2 Milk Company Ltd.339BDADA
MCO-USMoody's Corporation340BADDA
SRT3-DESartorius AG Pref341BACBB
KEYS-USKeysight Technologies Inc342CAADB
APTV-USAptiv PLC343AACDA
RAND-NLRandstad NV344DAAAB
HEIA-NLHeineken NV345BACAB
RY-CARoyal Bank of Canada346AACDB
ZBRA-USZebra Technologies Corporation Class A347BABBB
DXCM-USDexCom, Inc.348AACDB
JBHT-USJ.B. Hunt Transport Services, Inc.349CADBA
CA-FRCarrefour SA350DAAAC
DOL-CADollarama Inc.351DABAA
CHTR-USCharter Communications, Inc. Class A352AABBC
CCEP-USCoca-Cola Europacific Partners plc353DAAAB
CVS-USCVS Health Corporation354AAADC
LONN-CHLonza Group AG355BABBB
CDNS-USCadence Design Systems, Inc.356AADDA
DGX-USQuest Diagnostics Incorporated357CAABC
DEMANT-DKDemant A/S358BABBB
AD-NLKoninklijke Ahold Delhaize N.V.359CABBA
ELS-USEquity LifeStyle Properties, Inc.360AADCB
8113-JPUnicharm Corporation361BADAA
ELUX.B-SEElectrolux AB Class B362CABBA
LI-FRKlepierre SA363CAAAD
PNC-USPNC Financial Services Group, Inc.364AAADD
VWS-DKVestas Wind Systems A/S365AADDA
PFG-USPrincipal Financial Group, Inc.366CAABC
MAS-USMasco Corporation367CADBA
2269-JPMeiji Holdings Co., Ltd.368BDDAB
STMN-CHStraumann Holding AG369CABBA
4523-JPEisai Co., Ltd.370BADAC
HOLX-USHologic, Inc.371CAACB
IFX-DEInfineon Technologies AG371AADDB
6594-JPNidec Corporation373ADDBB
MCD-USMcDonald's Corporation374AADDA
WBC-AUWestpac Banking Corporation375AAADC
MHK-USMohawk Industries, Inc.376BADAB
CRWD-USCrowdStrike Holdings, Inc. Class A377BABBB
8952-JPJapan Real Estate Investment Corp.378AABAD
4568-JPDaiichi Sankyo Company, Limited379AADAC
KGF-GBKingfisher Plc380CAAAC
NICE-ILNICE Ltd381BABBB
EQH-USEquitable Holdings, Inc.382DAAAC
BDX-USBecton, Dickinson and Company383AAADC
STX-USSeagate Technology Holdings PLC384CDBBA
EQIX-USEquinix, Inc.385AABBC
NXT-GBNext plc386CDBBA
5938-JPLIXIL Corporation387BDBAC
TMUS-UST-Mobile US, Inc.388AADBC
868-HKXinyi Glass Holdings Limited389BABBB
TT-USTrane Technologies plc390BABBC
DSV-DKDSV A/S391CAACB
CLNX-ESCellnex Telecom S.A.392BAACC
GIL-CAGildan Activewear Inc.393BACBB
MTCH-USMatch Group, Inc.394BAADB
KNIN-CHKuehne & Nagel International AG395CADAA
CHKP-USCheck Point Software Technologies Ltd.396CABBA
ZAL-DEZalando SE397CAABB
BNZL-GBBunzl plc398CAABB
XLNX-USXilinx, Inc.399AADDA
CDW-USCDW Corp.400CABBB
1-HKCK Hutchison Holdings Ltd401BABAD
MOWI-NOMowi ASA402BABBB
D05-SGDBS Group Holdings Ltd403BACAC
REGN-USRegeneron Pharmaceuticals, Inc.404AADDA
STERV-FIStora Enso Oyj Class R405BABBB
SPG-USSimon Property Group, Inc.406AADDA
SAND-SESandvik AB407BADBB
CCH-GBCoca-Cola HBC AG408DAAAB
8630-JPSompo Holdings,Inc.409BDAAD
ICE-USIntercontinental Exchange, Inc.410AAADC
ALL-USAllstate Corporation411BACBB
SU-FRSchneider Electric SE412AACDC
AZJ-AUAurizon Holdings Ltd.413CDAAC
RHI-USRobert Half International Inc.414CADBA
FLTR-GBFlutter Entertainment Plc415BABDA
VFC-USV.F. Corporation416BDBBB
LEG-DELEG Immobilien SE417BABBB
DAI-DEDaimler AG418AABAD
RI-FRPernod Ricard SA419ADBAD
SYK-USStryker Corporation420AACCC
LR-FRLegrand SA421BABBB
SCHP-CHSchindler Holding AG Pref422DABBA
NDAQ-USNasdaq, Inc.423BAABC
4503-JPAstellas Pharma Inc.424BDDBA
SREN-CHSwiss Re AG425BAAAD
CPG-GBCompass Group PLC426BADDA
MGM-USMGM Resorts International426CAAAD
8267-JPAEON Co., Ltd.428ADDAC
7751-JPCanon Inc.429BABBC
SJR.B-CAShaw Communications Inc. Class B430CACAB
ABC-USAmerisourceBergen Corporation431DDCBA
CHR-DKChr. Hansen Holding A/S432DAABB
EQR-USEquity Residential433BABBC
TSCO-GBTesco PLC434CAABD
HPE-USHewlett Packard Enterprise Co.435BAADC
6702-JPFujitsu Limited436BDDBB
DB1-DEDeutsche Boerse AG437CABBB
BLL-USBall Corporation438AABDC
4519-JPChugai Pharmaceutical Co., Ltd.439BADAB
TEP-FRTeleperformance SA440BABBB
SGE-GBSage Group plc441DAABB
MPL-AUMedibank Private Ltd.442DAADA
4452-JPKao Corp.443CADAA
4732-JPUSS Co., Ltd.444BDDAB
11-HKHang Seng Bank, Limited445DAAAB
PLD-USPrologis, Inc.446AABBD
6920-JPLasertec Corp.447DABBA
4768-JPOtsuka Corporation448BABBB
BURL-USBurlington Stores, Inc.449CDADA
CON-DEContinental AG450DADAA
SCG-AUScentre Group451DAAAC
CARR-USCarrier Global Corp.452BABDB
CPRT-USCopart, Inc.453BADCA
ZS-USZscaler, Inc.454CABBB
CBOE-USCboe Global Markets Inc455DABCA
KHC-USKraft Heinz Company456BAAAD
FUTU-USFutu Holdings Ltd. Sponsored ADR Class A457BABBB
DFS-USDiscover Financial Services458CABBB
BAX-USBaxter International Inc.459BACDB
GWO-CAGreat-West Lifeco Inc.460DAAAC
ITRK-GBIntertek Group plc461DABBA
FTV-USFortive Corp.462CAADB
DSY-FRDassault Systemes SA463BABBB
CB-USChubb Limited464AABBD
AMCR-USAmcor PLC465CDACB
GDDY-USGoDaddy, Inc. Class A466CABBA
WST-USWest Pharmaceutical Services, Inc.467CABBB
WTC-AUWisetech Global Ltd.468DDCAB
DHR-USDanaher Corporation469AADCC
ETSY-USEtsy, Inc.470BABDA
6762-JPTDK Corporation471CABCB
ABI-BEAnheuser-Busch InBev SA/NV472AACBD
ANZ-AUAustralia and New Zealand Banking Group Limited473AABBD
ATCO.A-SEAtlas Copco AB Class A474CADBA
8031-JPMitsui & Co.,Ltd475ADDAD
HEXA.B-SEHexagon AB Class B476BACCB
BMO-CABank of Montreal477AABDC
6367-JPDAIKIN INDUSTRIES, LTD.478ADDBB
CAH-USCardinal Health, Inc.479DDABB
BVI-FRBureau Veritas SA480CABBB
TEF-ESTelefonica SA481BADCA
ALV-DEAllianz SE482AABCC
BIM-FRbioMerieux SA483CABBB
WSP-CAWSP Global Inc.484BABBC
OMC-USOmnicom Group Inc485DABBA
WPP-GBWPP Plc486CAACC
BAER-CHJulius Baer Gruppe AG487CAAAD
LOGN-CHLogitech International S.A.488DABBA
WLTW-USWillis Towers Watson Public Limited Company489CAABD
A-USAgilent Technologies, Inc.490AADDB
GMAB-DKGenmab A/S491BABDB
PPG-USPPG Industries, Inc.492AADDB
CHWY-USChewy, Inc. Class A493BABBB
BNP-FRBNP Paribas SA Class A494AABBD
AMBU.B-DKAmbu A/S Class B495CABBB
PRU-USPrudential Financial, Inc.496AACCC
FIS-USFidelity National Information Services, Inc.497AABCD
9984-JPSoftBank Group Corp.498ADDAD
BEI-DEBeiersdorf AG499DABAB
2802-JPAjinomoto Co., Inc.500BDDAB
LSEG-GBLondon Stock Exchange Group plc501BABBC
JKHY-USJack Henry & Associates, Inc.502DDBBA
GE-USGeneral Electric Company503AABBD
CAT-USCaterpillar Inc.504AADDB
PUB-FRPublicis Groupe SA505CABBB
NFLX-USNetflix, Inc.506AABBD
UBI-FRUbisoft Entertainment SA507DADCA
MRK-DEMerck KGaA508BABBC
HIG-USHartford Financial Services Group, Inc.509CAABD
FITB-USFifth Third Bancorp510BABBC
KEY-USKeyCorp511BAABD
SEDG-USSolarEdge Technologies, Inc.512BADDA
TRV-USTravelers Companies, Inc.513BABBC
SEB.A-SESkandinaviska Enskilda Banken AB Class A514DAAAC
WDAY-USWorkday, Inc. Class A515BADDA
ALLE-USAllegion PLC516DABBA
IRM-USIron Mountain, Inc.517DAABB
FER-ESFerrovial, S.A.518CAAAD
INFO-USIHS Markit Ltd.519AAADC
ZM-USZoom Video Communications, Inc. Class A520BACDB
JAZZ-USJazz Pharmaceuticals Public Limited Company521CABBB
SCHW-USCharles Schwab Corporation522AADDC
CS-FRAXA SA523AABBD
ETN-USEaton Corp. Plc524AABDC
WLN-FRWorldline SA525CAACB
3038-JPKobe Bussan Co., Ltd.526BADAB
3462-JPNomura Real Estate Master Fund, Inc.527AABBD
PROX-BEProximus SA de droit public528DABBA
MASI-USMasimo Corporation529BADCA
AENA-ESAena SME SA530CABAC
RMD-USResMed Inc.531BADDB
BAH-USBooz Allen Hamilton Holding Corporation Class A532DDABB
INVE.B-SEInvestor AB Class B533AADDB
UPM-FIUPM-Kymmene Oyj534BABBC
CFR-CHCompagnie Financiere Richemont SA535AADCC
TLS-AUTelstra Corporation Limited536CDCBA
DLTR-USDollar Tree, Inc.537CABBB
9983-JPFAST RETAILING CO., LTD.538CDDAB
LW-USLamb Weston Holdings, Inc.539DAADA
BAYN-DEBayer AG540AABDC
CM-CACanadian Imperial Bank of Commerce541BACDB
HEN3-DEHenkel AG & Co. KGaA Pref542CABBB
NET-USCloudflare Inc Class A543CAACB
URI-USUnited Rentals, Inc.544BADDA
1128-HKWynn Macau Ltd.545BADAB
KSU-USKansas City Southern546CABBB
AVY-USAvery Dennison Corporation547CADDA
3382-JPSeven & I Holdings Co., Ltd.548BDDAB
NN-NLNN Group N.V.549DAAAD
7309-JPShimano Inc.550DABAB
INGA-NLING Groep NV551AABBD
K-USKellogg Company552DAACB
MET-USMetLife, Inc.553AABBD
AMD-USAdvanced Micro Devices, Inc.554AABDD
BRK.B-USBerkshire Hathaway Inc. Class B555AADCC
ABF-GBAssociated British Foods plc556DDCAB
HAS-USHasbro, Inc.557CABBB
MDLZ-USMondelez International, Inc. Class A558AACDD
IR-USIngersoll Rand Inc.559CAABD
SOON-CHSonova Holding AG560CDBBA
4543-JPTerumo Corporation561BDBBC
FPH-NZFisher & Paykel Healthcare Corporation Limited562DABBA
SWED.A-SESwedbank AB Class A563CABBC
WHR-USWhirlpool Corporation564DAABB
BT.A-GBBT Group plc565CDBBA
TSLA-USTesla Inc566AACCD
ATL-ITAtlantia S.p.A567DAAAD
G24-DEScout24 SE568BABAD
ALFA-SEAlfa Laval AB569CABBB
AMP-ITAmplifon S.p.A.570DAAAB
J36-SGJardine Matheson Holdings Limited571DABAC
IPG-USInterpublic Group of Companies, Inc.572DAADB
2433-JPHakuhodo Dy Holdings Incorporated573BDBAD
IQV-USIQVIA Holdings Inc574AACDC
DRI-USDarden Restaurants, Inc.575DDBBA
9064-JPYamato Holdings Co., Ltd.576BADAC
LAND-GBLand Securities Group PLC577CAABD
SBAC-USSBA Communications Corp. Class A578BADCC
AKAM-USAkamai Technologies, Inc.579DAADA
4755-JPRakuten Group, Inc.580CABBB
SAP-CASaputo Inc.581BDBBB
APH-USAmphenol Corporation Class A582BADDB
CAP-FRCapgemini SE583BACDC
IFF-USInternational Flavors & Fragrances Inc.584BAADC
4528-JPONO Pharmaceutical Co., Ltd.585CDBAD
6326-JPKubota Corporation586BABAD
BOL-FRBollore SA587BADAC
ROL-USRollins, Inc.588DADAA
SPSN-CHSwiss Prime Site AG589BAADD
8058-JPMitsubishi Corporation590ADDAD
1113-HKCK Asset Holdings Limited591CABAD
GRMN-USGarmin Ltd.592CADBB
WRK-USWestRock Company593BAADC
DOCU-USDocuSign, Inc.594CAADB
CRL-USCharles River Laboratories International, Inc.595CABBB
AIG-USAmerican International Group, Inc.596AAACD
HUBS-USHubSpot, Inc.597BABBC
ISP-ITIntesa Sanpaolo S.p.A.598AABBD
V03-SGVenture Corporation Limited599CABBB
TER-USTeradyne, Inc.600BADDA
6954-JPFanuc Corporation601BDBBC
3402-JPToray Industries, Inc.602BDBAC
POOL-USPool Corporation603BADCA
AGN-NLAegon NV604CAAAD
RCI.B-CARogers Communications Inc. Class B605DABBB
MKTX-USMarketAxess Holdings Inc.606DAADA
SWK-USStanley Black & Decker, Inc.607BABBC
6504-JPFuji Electric Co., Ltd.608BDBBC
UCG-ITUniCredit S.p.A.609CAABD
XRO-AUXero Limited610CAACC
TEMN-CHTemenos AG611DABBA
PNDORA-DKPandora A/S612DACDA
7269-JPSuzuki Motor Corp.613DDBBA
XYL-USXylem Inc.614BABDB
EFX-USEquifax Inc.615BAADB
6723-JPRenesas Electronics Corporation616CACBC
CME-USCME Group Inc. Class A617AADCD
6503-JPMitsubishi Electric Corp.618CDBBB
7272-JPYamaha Motor Co., Ltd.619BADAC
DWNI-DEDeutsche Wohnen SE620BABDB
NWG-GBNatWest Group Plc621DAAAD
SGRO-GBSEGRO plc622CABDB
RJF-USRaymond James Financial, Inc.623BDBBB
MRW-GBWm Morrison Supermarkets plc624BABBC
1925-JPDaiwa House Industry Co., Ltd.625CDDAB
1299-HKAIA Group Limited626AACDC
F-USFord Motor Company627AADDB
NLY-USAnnaly Capital Management, Inc.628BAABD
CHD-USChurch & Dwight Co., Inc.629CACDA
8411-JPMizuho Financial Group, Inc.630BADAD
DVA-USDaVita Inc.631DAAAB
WRB-USW. R. Berkley Corporation632BACAC
BMW-DEBayerische Motoren Werke AG633AABBD
MKC-USMcCormick & Company, Incorporated634BABDB
VNO-USVornado Realty Trust635DACAB
9843-JPNitori Holdings Co., Ltd.636DABAB
CTXS-USCitrix Systems, Inc.637DACDA
VEEV-USVeeva Systems Inc Class A638BADDA
LLOY-GBLloyds Banking Group plc639AABBD
MUV2-DEMunich Reinsurance Company640AABBD
ADEN-CHAdecco Group AG641DAABB
CNC-USCentene Corporation642BADDB
8316-JPSumitomo Mitsui Financial Group, Inc.643AABBD
4689-JPZ Holdings Corporation644CDBBC
VOW3-DEVolkswagen AG Pref645AABBD
DISCA-USDiscovery, Inc. Class A646BABBC
LSPD-CALightspeed Commerce Inc647BACCB
JCI-USJohnson Controls International plc648ADBBD
MPWR-USMonolithic Power Systems, Inc.649BADDA
DANSKE-DKDanske Bank A/S650DAAAD
UTDI-DEUnited Internet AG651DABAB
7733-JPOlympus Corp.652BDDBB
AME-USAMETEK, Inc.653BABDB
2593-JPITO EN,Ltd.654BDBBC
LVS-USLas Vegas Sands Corp.655DABBB
FLT-USFLEETCOR Technologies, Inc.656CABBB
KDP-USKeurig Dr Pepper Inc.657CABBC
SQ-USBlock Inc Class A658AACDC
7267-JPHonda Motor Co., Ltd.659BDDAD
KRX-IEKingspan Group Plc660CADBB
3659-JPNEXON Co., Ltd.661DABBB
8001-JPItochu Corporation662BDDAC
AV-GBAviva plc663BABBD
VRSN-USVeriSign, Inc.664DADCA
PAYC-USPaycom Software, Inc.665DADCA
T-CATELUS Corporation666CAADB
BLND-GBBritish Land Company PLC667CABAD
6752-JPPanasonic Corporation668BDDBB
GLW-USCorning Inc669CABBC
8766-JPTokio Marine Holdings, Inc.670BDDAD
VIV-FRVivendi SE671DAAAD
GPN-USGlobal Payments Inc.672BABCD
TTWO-USTake-Two Interactive Software, Inc.673DACDA
FOXA-USFox Corporation Class A674DACAB
EDEN-FREdenred SA675DAACB
1878-JPDaito Trust Construction Co., Ltd.676DDDAA
MCHP-USMicrochip Technology Incorporated677BDDDB
8960-JPUnited Urban Investment Corporation678BABAD
MDT-USMedtronic Plc679AACDD
F34-SGWilmar International Limited680BADAD
HLT-USHilton Worldwide Holdings Inc681BAADC
7201-JPNissan Motor Co., Ltd.682BDDAC
FFIV-USF5, Inc.683DACDA
4911-JPShiseido Company,Limited684BADCC
DXS-AUDexus685DDACC
TWTR-USTwitter, Inc.686BABDC
KESKOB-FIKesko Oyj Class B687DABBB
6857-JPAdvantest Corp.688CADCA
ACA-FRCredit Agricole SA689BABBD
EXPD-USExpeditors International of Washington, Inc.690CADDA
ALV-USAutoliv Inc.691BACDB
ABNB-USAirbnb, Inc. Class A692CABBB
BCE-CABCE Inc.693CACDB
EXPE-USExpedia Group, Inc.694CACCB
8015-JPToyota Tsusho Corp.695BDDAC
7532-JPPan Pacific International Holdings Corporation696BDBBC
4922-JPKose Corporation697CDDAB
SHL-DESiemens Healthineers AG697DACBB
APT-AUAfterpay Limited699CABBB
LISP-CHChocoladefabriken Lindt & Spruengli AG Partizipsch.700CABBC
ERIC.B-SETelefonaktiebolaget LM Ericsson Class B701BADBC
66-HKMTR Corporation Limited702CACAD
L-USLoews Corporation703BADAD
8591-JPORIX Corporation704CDDAC
HNR1-DEHannover Rueck SE705DABAC
LDOS-USLeidos Holdings, Inc.706DAABC
FNF-USFidelity National Financial, Inc. - FNF Group707DADAB
4587-JPPeptidream Inc.708BABBC
SWKS-USSkyworks Solutions, Inc.709CADDA
RGA-USReinsurance Group of America, Incorporated710BAACC
MB-ITMediobanca S.p.A.711DAAAD
ATVI-USActivision Blizzard, Inc.712BADDC
RPM-USRPM International Inc.713BADCC
GIB.A-CACGI Inc. Class A714DABBB
1928-JPSekisui House, Ltd.715CADAC
MOH-USMolina Healthcare, Inc.716DACDA
WDC-USWestern Digital Corporation717CDADC
CAG-USConagra Brands, Inc.718DDACC
SAN-ESBanco Santander, S.A.719AABDD
BR-USBroadridge Financial Solutions, Inc.720CACDA
RNR-USRenaissanceRe Holdings Ltd.721BABBC
SIVB-USSVB Financial Group722BACDB
SCR-FRScor SE723DAAAD
COH-AUCochlear Limited724DDBDA
AJG-USArthur J. Gallagher & Co.725CABBC
KRZ-IEKerry Group Plc Class A726CACBC
WAT-USWaters Corporation727CADDA
BF.B-USBrown-Forman Corporation Class B728CADCB
DOV-USDover Corporation729BACDB
CFG-USCitizens Financial Group, Inc.730BABCD
4502-JPTakeda Pharmaceutical Co. Ltd.731BDBBD
6201-JPToyota Industries Corp.732CDBAD
1928-HKSands China Ltd.733DADAB
LKQ-USLKQ Corporation734DAABC
BAM.A-CABrookfield Asset Management Inc. Class A735AADDD
SN-GBSmith & Nephew PLC736CACDB
QRVO-USQorvo, Inc.737DABCB
6301-JPKomatsu Ltd.738BDDAC
6902-JPDENSO CORPORATION739CDDAC
3861-JPOji Holdings Corp.740BDDAC
16-HKSun Hung Kai Properties Limited741BDDAD
FRE-DEFresenius SE & Co. KGaA742DABBB
4151-JPKyowa Kirin Co., Ltd.743CADAD
CARL.B-DKCarlsberg AS Class B744DADAB
EMBRAC.B-SEEmbracer Group AB Class B745DADBA
8002-JPMarubeni Corporation746BDDAD
AC-FRAccor SA747BABBD
POW-CAPower Corporation of Canada748CADAC
GBLB-BEGroupe Bruxelles Lambert SA749CACAD
4901-JPFUJIFILM Holdings Corp750BDDAC
MFC-CAManulife Financial Corporation751CAADD
823-HKLink Real Estate Investment Trust752BDBDC
3003-JPHulic Co., Ltd.753CABBC
G1A-DEGEA Group AG754DABBC
LUV-USSouthwest Airlines Co.755BADDA
DHI-USD.R. Horton, Inc.756CACAD
9602-JPToho Co. Ltd.757BDDAC
8750-JPDai-ichi Life Holdings,Inc.758BADAD
7832-JPBANDAI NAMCO Holdings Inc.759DADBB
SHOP-USShopify, Inc. Class A760AABDD
WELL-USWelltower, Inc.761AAADD
TW-GBTaylor Wimpey plc762DABBC
LNC-USLincoln National Corporation763CACAD
RTO-GBRentokil Initial plc764DACDA
BALN-CHBaloise-Holding AG765BABBD
7261-JPMazda Motor Corp.766BDBBC
HLMA-GBHalma plc767DDADB
SHL-AUSonic Healthcare Limited768CADCB
ADI-USAnalog Devices, Inc.769ADDDC
BSX-USBoston Scientific Corporation770AACDD
2503-JPKirin Holdings Company, Limited771DADAB
LUMN-USLumen Technologies, Inc.772DABBC
CPU-AUComputershare Limited773DDADB
4661-JPOriental Land Co., Ltd.774BDDAC
BNR-DEBrenntag SE775DABBC
PCAR-USPACCAR Inc776CADCB
O39-SGOversea-Chinese Banking Corporation Limited777CACAC
DDOG-USDatadog Inc Class A778CADCB
4062-JPIBIDEN CO., LTD.779BDDBD
W-USWayfair, Inc. Class A780DACDA
7270-JPSUBARU CORP781DDDAA
PSON-GBPearson PLC782CAACD
5802-JPSumitomo Electric Industries, Ltd.783BDDAC
6965-JPHamamatsu Photonics K.K.783BADBC
9022-JPCentral Japan Railway Company785CDBAD
SKG-GBSmurfit Kappa Group Plc786BACDB
AKZA-NLAkzo Nobel N.V.787BABCD
8697-JPJapan Exchange Group, Inc.788DABBB
RHC-AURamsay Health Care Limited789DADAB
C31-SGCapitaLand Limited790BABBD
SJM-USJ.M. Smucker Company791DABAC
NA-CANational Bank of Canada792DAADB
ALC-CHAlcon AG793BABBD
9101-JPNippon Yusen Kabushiki Kaisha794BDDAD
LEN-USLennar Corporation Class A795CADCB
UHS-USUniversal Health Services, Inc. Class B796DADAB
SW-FRSodexo SA797DDCAC
PTC-USPTC Inc.798DABBC
SNA-USSnap-on Incorporated799DACBB
FME-DEFresenius Medical Care AG & Co. KGaA800DADAC
9020-JPEast Japan Railway Company801BDDAD
ENT-GBEntain PLC802CABBC
SGP-AUStockland803DDBAD
AVB-USAvalonBay Communities, Inc.804BADCD
9435-JPHikari Tsushin, Inc.805BDBBD
PH-USParker-Hannifin Corporation806CDDDB
TYL-USTyler Technologies, Inc.807BADDB
7951-JPYamaha Corporation808DDDAC
CCI-USCrown Castle International Corp809AADDD
4578-JPOtsuka Holdings Co., Ltd.810CADAD
GMG-AUGoodman Group811BADDB
NTRS-USNorthern Trust Corporation812DABBC
RNO-FRRenault SA813DABBB
NOKIA-FINokia Oyj814BABBD
TWLO-USTwilio, Inc. Class A814BABBD
4751-JPCyberAgent, Inc.816DADBA
PINS-USPinterest, Inc. Class A817CABDB
BEN-USFranklin Resources, Inc.818DDCAC
9735-JPSecom Co., Ltd.819CDDBB
2502-JPAsahi Group Holdings,Ltd.820CADBC
23-HKBank of East Asia Ltd.821BADAD
DELL-USDell Technologies Inc Class C822CDDDA
8801-JPMitsui Fudosan Co., Ltd.823CABBD
STAN-GBStandard Chartered PLC824DAAAD
HSIC-USHenry Schein, Inc.825DABBB
8309-JPSumitomo Mitsui Trust Holdings, Inc.826CACAD
SBRY-GBJ Sainsbury plc827DABBC
UCB-BEUCB S.A.827DABAD
KBC-BEKBC Group N.V.829DADAC
Y-USAlleghany Corporation830BACBD
MNG-GBM&G Plc831DABBB
SLF-CASun Life Financial Inc.832CABDC
8053-JPSumitomo Corporation833BDDAD
OCDO-GBOcado Group PLC834DADBB
GNRC-USGenerac Holdings Inc.835CADDB
TTD-USTrade Desk, Inc. Class A836BADDB
LYFT-USLyft, Inc. Class A837DABCB
BSY-USBentley Systems, Incorporated Class B838DADBA
6988-JPNitto Denko Corp.839DDBBB
9143-JPSG Holdings Co., Ltd.840DADAC
2388-HKBOC Hong Kong (Holdings) Limited841DADAC
ERF-FREurofins Scientific Societe Europeenne842DACBC
7701-JPShimadzu Corporation843CDDBB
ANSS-USANSYS, Inc.844CACDB
LH-USLaboratory Corporation of America Holdings845CACDC
6502-JPToshiba Corporation846CDCAD
RF-USRegions Financial Corporation847CAACD
VNA-DEVonovia SE848CABDB
ACGL-USArch Capital Group Ltd.849DACAC
CCL.B-CACCL Industries Inc. Class B850DADCB
PEAK-USHealthpeak Properties, Inc.851CAADD
ROP-USRoper Technologies, Inc.852AADDC
IPGP-USIPG Photonics Corporation853DADBB
LYV-USLive Nation Entertainment, Inc.854CACBC
4385-JPMercari, Inc.855DDBBB
INCY-USIncyte Corporation856CABDB
MTN-USVail Resorts, Inc.857DDBDB
EXR-USExtra Space Storage Inc.858CADDB
ATO-FRAtos SE859DACBB
TXG-US10x Genomics Inc Class A860DABBB
7186-JPConcordia Financial Group, Ltd.861DABAD
27-HKGalaxy Entertainment Group Limited862DADAA
SPLK-USSplunk Inc.863DABBC
6506-JPYaskawa Electric Corporation864CDDBB
BWA-USBorgWarner Inc.865DABCB
STT-USState Street Corporation866BACDC
GWRE-USGuidewire Software, Inc.867BABDD
ASX-AUASX Limited868DAADC
6645-JPOMRON Corporation869CDDBB
8830-JPSumitomo Realty & Development Co., Ltd.870DDBAC
BBVA-ESBanco Bilbao Vizcaya Argentaria, S.A.871BACDD
WY-USWeyerhaeuser Company872BABDD
17-HKNew World Development Co. Ltd.873BDBBD
CINF-USCincinnati Financial Corporation874DABBC
J-USJacobs Engineering Group Inc.875CAADD
MRVL-USMarvell Technology, Inc.876ADBDD
2267-JPYakult Honsha Co., Ltd.877DDBBB
SUN-AUSuncorp Group Limited878CABBD
STJ-GBSt. James's Place Plc879DADBB
8725-JPMS&AD Insurance Group Holdings, Inc.880CDDAD
GPT-AUGPT Group881DABBC
KKR-USKKR & Co. Inc.882BADDC
LBTYA-USLiberty Global Plc Class A883DADAC
6586-JPMakita Corporation884DABAD
POLI-ILBank Hapoalim BM885CABBD
6841-JPYokogawa Electric Corp.886DDBAC
AIZ-USAssurant, Inc.887DAABD
IAG-AUInsurance Australia Group Limited888DABBC
AGS-BEageas SA/NV889DAAAD
SMIN-GBSmiths Group Plc890DDADC
PTON-USPeloton Interactive, Inc. Class A891DABBB
FBHS-USFortune Brands Home & Security, Inc.892DACCB
BLDP-CABallard Power Systems Inc.893BABCD
SAM-USBoston Beer Company, Inc. Class A894DADCA
UHR-CHSwatch Group Ltd. Bearer895BABDC
ROKU-USRoku, Inc. Class A896CACDB
TECH-USBio-Techne Corporation897CADDC
DLR-USDigital Realty Trust, Inc.898BACDD
U-USUnity Software, Inc.899DABBB
SYD-AUSydney Airport900DABBC
9041-JPKintetsu Group Holdings Co., Ltd.901BDBBD
9766-JPKONAMI HOLDINGS CORP902DDDAB
2801-JPKikkoman Corporation903CDDBC
GET-FRGetlink SE904DAABD
DKNG-USDraftKings Inc Class A905DABBB
GLE-FRSociete Generale S.A. Class A906BACDD
CPT-USCamden Property Trust907DABBD
JNPR-USJuniper Networks, Inc.908DACBC
EBS-ATErste Group Bank AG909DABBD
CCK-USCrown Holdings, Inc.910DABAC
CABK-ESCaixaBank SA911DAABD
RBA-CARitchie Bros. Auctioneers Incorporated912DAADB
U11-SGUnited Overseas Bank Ltd. (Singapore)913DACAC
MDB-USMongoDB, Inc. Class A914DADDB
SNOW-USSnowflake, Inc. Class A915DAADB
PLTR-USPalantir Technologies Inc. Class A916DABCB
XRAY-USDENTSPLY SIRONA, Inc.917DABBD
DT-USDynatrace, Inc.918DAABD
SHB.A-SESvenska Handelsbanken AB Class A919DABBC
C38U-SGCapitaLand Integrated Commercial Trust920CAADD
MGR-AUMirvac Group921DDADC
9201-JPJapan Airlines Co., Ltd.922BDDDB
TRU-USTransUnion923CABDC
8802-JPMitsubishi Estate Company, Limited924CDDAD
URW-NLUnibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod925CABDC
PNR-USPentair plc926DAADC
CSGP-USCoStar Group, Inc.927BADDC
LBRDK-USLiberty Broadband Corp. Class C928CAABD
HZNP-USHorizon Therapeutics Public Limited Company929CADDC
IVZ-USInvesco Ltd.930DAACD
6273-JPSMC Corporation931CDDBC
EDV-AUEndeavour Group Ltd932DABBC
PODD-USInsulet Corporation933CAADD
VIAC-USViacomCBS Inc. Class B934DAADD
8954-JPORIX JREIT Inc.935CDBBD
QBE-AUQBE Insurance Group Limited936CABBD
VTR-USVentas, Inc.937CABBD
4684-JPOBIC Co., Ltd.938DADAC
TCL-AUTransurban Group Ltd.939BDBDD
CTC.A-CACanadian Tire Corporation, Limited Class A940DADBB
QSR-CARestaurant Brands International Inc941CABDD
ARW-USArrow Electronics, Inc.942DABBD
ORI-AUOrica Limited943CDBDC
WCN-CAWaste Connections, Inc.944BADDC
VTRS-USViatris, Inc.945DABBD
4324-JPDentsu Group Inc.946DADAD
MRU-CAMetro Inc.947DDDCB
CSGN-CHCredit Suisse Group AG948CABDD
CYBR-USCyberArk Software Ltd.949DADDA
TRMB-USTrimble Inc.950CADDC
9042-JPHankyu Hanshin Holdings, Inc.951BDDBD
PUM-DEPUMA SE952DABBC
BRO-USBrown & Brown, Inc.953DADBC
G13-SGGenting Singapore Limited954DADAC
ALLY-USAlly Financial Inc955DAACD
7011-JPMitsubishi Heavy Industries, Ltd.956DDDAC
BG-USBunge Limited957BABDD
PHM-USPulteGroup, Inc.958DABBD
DHER-DEDelivery Hero SE959CABCD
CWN-AUCrown Resorts Limited960DACAD
9007-JPOdakyu Electric Railway Co., Ltd.961BDDBD
TFX-USTeleflex Incorporated962DABBC
ZBH-USZimmer Biomet Holdings, Inc.963BABDD
8951-JPNippon Building Fund, Inc.964CABBD
AFG-USAmerican Financial Group, Inc.965DADAC
BKI-USBlack Knight, Inc.966DABBC
CZR-USCaesars Entertainment Inc967CABBD
SUI-USSun Communities, Inc.968CABBD
8601-JPDaiwa Securities Group Inc.969DDDAD
VCX-AUVicinity Centres970DABBD
AGNC-USAGNC Investment Corp.971DABBD
8604-JPNomura Holdings, Inc.972DADAD
6701-JPNEC Corp.973DDDBC
4536-JPSanten Pharmaceutical Co., Ltd.974DADBC
4612-JPNIPPON PAINT HOLDINGS CO.LTD.975DADBD
ENPH-USEnphase Energy, Inc.976BADDD
OTEX-CAOpen Text Corporation977DADDC
NWL-USNewell Brands Inc978DABBD
CGNX-USCognex Corporation979DADDB
RBI-ATRaiffeisen Bank International AG980DABBD
VICI-USVICI Properties Inc981DABBD
WIX-USWix.com Ltd.982DACDB
6971-JPKyocera Corporation983DADAD
6952-JPCasio Computer Co., Ltd.984DDDAC
MKL-USMarkel Corporation985DABBD
DISH-USDISH Network Corporation Class A986DABBD
CVNA-USCarvana Co. Class A987DABBD
O-USRealty Income Corporation988BABDD
9962-JPMisumi Group Inc.989DDBCC
TEVA-USTeva Pharmaceutical Industries Limited Sponsored ADR990DABBD
9021-JPWest Japan Railway Company991BDDCC
WPC-USW. P. Carey Inc.992DABBD
TWE-AUTreasury Wine Estates Limited993DDADD
9202-JPANA Holdings Inc.994BDDDC
NVAX-USNovavax, Inc.995DABBD
ALNY-USAlnylam Pharmaceuticals, Inc996DABBD
8308-JPResona Holdings, Inc.997CADCD
HFG-DEHelloFresh SE998DABCD
ENR-DESiemens Energy AG999CDBBD
AVLR-USAvalara Inc1000DACDB
FWONK-USLiberty Media Corp. Series C Liberty Formula One1001DADAD
IEX-USIDEX Corporation1002DADDB
BIO-USBio-Rad Laboratories, Inc. Class A1003CADCD
SINCH-SESinch AB1004DACCC
ELAN-USElanco Animal Health, Inc.1005DAADD
VER-USVEREIT, Inc.1006BABDD
TSN-USTyson Foods, Inc. Class A1007DDDCB
IAC-USIAC/InteractiveCorp.1008DADDB
7752-JPRicoh Company, Ltd.1009DDDAD
8795-JPT&D Holdings, Inc.1010DABBD
ESS-USEssex Property Trust, Inc.1011CACCD
DRE-USDuke Realty Corporation1012CACDD
PLUG-USPlug Power Inc.1013DABBD
NLOK-USNortonLifeLock Inc.1014DDBBD
WYNN-USWynn Resorts, Limited1015DABBD
ADM-USArcher-Daniels-Midland Company1016BADDD
WAB-USWestinghouse Air Brake Technologies Corporation1017DADCD
INVH-USInvitation Homes, Inc.1018CAADD
ADE-NOAdevinta ASA1019DABBD
ARE-USAlexandria Real Estate Equities, Inc.1020CADDD
6383-JPDaifuku Co., Ltd.1021DDDBD
MTB-USM&T Bank Corporation1022DADCD
RNG-USRingCentral, Inc. Class A1023DACDC
COO-USCooper Companies, Inc.1024DACDC
LLC-AULendlease Group1025DDBDC
9005-JPTOKYU CORPORATION1026DDDAD
HBAN-USHuntington Bancshares Incorporated1027DACDC
INF-GBInforma Plc1027DABDD
BXP-USBoston Properties, Inc.1029CADDC
WTB-GBWhitbread PLC1030DDCDC
DBK-DEDeutsche Bank AG1031CADCD
SLHN-CHSwiss Life Holding AG1032DADBD
RE-USEverest Re Group, Ltd.1033DADBD
CDAY-USCeridian HCM Holding, Inc.1034DABCD
CTLT-USCatalent Inc1035CDCDD
SSNC-USSS&C Technologies Holdings, Inc.1036DADBD
BMRN-USBioMarin Pharmaceutical Inc.1037CACDD
CCL-USCarnival Corporation1038DADCC
DISCK-USDiscovery, Inc. Class C1039DADCC
TKWY-NLJust Eat Takeaway.com N.V.1040DABBD
PKI-USPerkinElmer, Inc.1041DACDC
RCL-USRoyal Caribbean Group1042DADCC
8593-JPMitsubishi HC Capital Inc.1043DADCD
6963-JPRohm Co., Ltd.1044DDDBD
MLCO-USMelco Resorts & Entertainment Limited Sponsored ADR1045BADDD
IFC-CAIntact Financial Corporation1046DACDC
NVCR-USNovoCure Ltd.1047DABBD
NBIX-USNeurocrine Biosciences, Inc.1048DABBD
HST-USHost Hotels & Resorts, Inc.1049DADDC
FFH-CAFairfax Financial Holdings Limited1050DADCD
CBK-DECommerzbank AG1051DADBD
MRO-GBMelrose Industries PLC1052DABCD
OHI-USOmega Healthcare Investors, Inc.1053DACCD
REG-USRegency Centers Corporation1054DACCD
TAP-USMolson Coors Beverage Company Class B1055DADCD
OKTA-USOkta, Inc. Class A1056CACDD
REI.UT-CARioCan Real Estate Investment Trust1057DADCD
ALO-FRAlstom SA1058DDCDD
FRC-USFirst Republic Bank1059CADDC
CAE-CACAE Inc.1060DDDDC
TAH-AUTabcorp Holdings Limited1061DDCDD
WEED-CACanopy Growth Corporation1062DDBBD
MPW-USMedical Properties Trust, Inc.1063DADDD
Z-USZillow Group, Inc. Class C1064DADDD
BHC-USBausch Health Companies Inc.1065DABDD
ZEN-USZendesk, Inc.1066DACDD
ARGX-BEarGEN-X SE1067DADDD
NWSA-USNews Corporation Class A1068DACDD
COUP-USCoupa Software, Inc.1069DACDD
TDOC-USTeladoc Health, Inc.1070DADDD
BB-CABlackBerry Limited1071DDBDD
SGEN-USSeagen, Inc.1072CADDD
EXAS-USExact Sciences Corporation1073DABDD
STE-USSTERIS Plc1074DDDDC
MAA-USMid-America Apartment Communities, Inc.1075DACDD
SE-USSea Ltd. (Singapore) Sponsored ADR Class A1076DABDD
PAH3-DEPorsche Automobil Holding SE Pref1077DABDD
UDR-USUDR, Inc.1078DACDD
QGEN-USQIAGEN NV1079DADDD
KMX-USCarMax, Inc.1080DDDDD
A17U-SGAscendas Real Estate Investment Trust1081DADDD
Randall_Team_M

“We decided to build our own ESG approach rather than license one from a third party. Though it was a significant undertaking, we are quite proud of what we’ve created because it resulted in an methodology that marries common sense with robust systematic ranking.”

Randall Abramson, CFA

CEO, Portfolio Manager

We built our ESG approach from the ground up

FULL CONTROL

Most investment managers outsource their ESG process. While a cost effective route, outsourcing means giving up control. With many ESG vendors and ESG ETFs coming under scrutiny recently for their ESG approaches, we decided to build our own process.  We have complete control, full transparency, and have the ability to continuously improve our strategy in ways that make sense to us.

EMBEDDED FINANCAL METRICS

Most ESG approaches do not embed any financial metrics into their ranking process. Our proprietary Virtuous Cycle ScoreTM identifies companies with high profitability. These businesses have the resources and staying power to create lasting change.

A SMARTER APPROACH TO EXCLUSIONS

ESG approaches usually have broad and rigid exclusion rules. For example, all companies from industries like Oil & Gas are typically excluded from the investment universe. While our ranking approach excludes companies from industries that are associated with controversial or environmentally harmful activities, we may include companies from these industries in our portfolios should they demonstrate substantial commitments to reducing their carbon footprint, reduction of controversial or environmentally harmful activities, or other clearly articulated material changes to products and/or services. Our approach rewards companies that are making wholesale changes; often these initiatives result in the largest net reductions in emissions or carbon footprint.

PROPRIETARY METRICS

With over 20 years of financial innovation, we have a deep understanding and history of integrating systematic methodologies and ranking systems into our investment approach.

Learn more about our commitment to sustainability