Transparency Index™

EXCLUDED Industry:

Summary of Methodology

Transparency Index™ methodology applies the exclusionary screening process to filter out industries that do not align with a positive impact on investment performance and the well-being of people.

Description of Industry

The Alcohol industry is comprised of companies that manufacture, distribute and sell alcoholic beverages. The market segment includes beer, wine and spirits.

The Alcohol industry, as defined by sector GICS classification, includes Brewers & Distillers and Vintners.

Reason for Exclusion

  1. Alcohol industry failed two transparency factors: Terms and Conditions and Trust.
  2. Causes 3 million deaths per year.
  3. Negatively impacts performance.

Harmful Impact

Investment in alcohol production and use have adverse impacts on environmental and societal well-being.

  • 3 Million Deaths Annually due to harmful use of alcohol.1
  • +740,000 Cancer Cases
    in 2020 caused by harmful use of alcohol.2
  • Economic Burden: $249 Billon Annual Loss
    with alcohol in U.S.3

Performance Impact

The Transparency Index 5-year cumulative dollarized return is more than 1.9 times higher than the S&P 500 Index and 3.3 times higher than the S&P 500 Alcohol Portfolio.

Transparency Index Performance Impact vs. S&P 500 - Alcohol Industry
  • The graph shows cumulative returns for the period from October 1, 2016 to December 31, 2021*
  • Starting value $10,000 hypothetical investment, assuming no withdrawal and no dividends
  • Past performance is not an indicator of future performance
  • View Annualized Returns*

*The Transparency 100 Index (the “Index”) commenced on June 16th, 2021 following the market close. All information presented prior to this date is back-tested. Back-tested performance is hypothetical performance, not actual performance. Back-tested performance is prepared by retrospectively applying the Index methodology to historical information with the benefit of hindsight.  Back-tested performance, therefore, does not reflect the results of actual trading.  Back-tested, as well as actual performance, are not indicative of future results.  The back-tested performance uses the same methodology that was in effect when the Index officially launched on June 16th, 2021. The back-tested performance shown in this presentation are unaudited, and do not reflect the investment of dividends or other earnings. The Index does not reflect the reinvestment of dividends.