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.
Tobacco industry is comprised of companies that manufacture cigarettes, cigars, snuff, chewing tobacco,
e-cigarettes, vapes and all other smokable or non-smokeable products containing nicotine.
Tobacco industry, as defined by GICS sub-industry classification, includes manufacturers of cigarettes and other tobacco products.
The Transparency Index 5-year cumulative dollarized return is more than 1.9 time higher than the S&P 500 Index and 5.1 times higher than the S&P 500 Tobacco Industry Index.
*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.