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

Gambling industry, also known as the Casinos & Gaming industry, consists of companies offering table wagering games and other gambling activities including slot machines, roulette, craps and lottery services.

Gambling industry, as defined by the GICS sub-industry classification (Casinos & Gaming), includes owners and operators of casinos, gaming facilities and online gambling companies.

Reason for Exclusion

  1. Gambling industry failed two transparency factors: Terms and Conditions and Trust
  2. Gambling addiction results in increased suicide rate – 15x.
  3. Negatively impacts performance.

Harmful Impact

Investment in gambling companies and use have adverse impacts on human and societal well-being.
  • 15x Higher Suicide rates associated with regular gamblers.1
  • 83% Gamblers Experience Gambling Related Financial Problems.2
  • $19,711 Social Costs Imposed on Community Members per compulsive gambler.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 3.7 times higher than the S&P Casinos and Gaming Index.  

Transparency Index Performance Impact vs. S&P 500 - Casinos & Gaming Industry
  • The graph shows cumulative returns for the period from January 1, 2017 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.