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.

Number of Companies

Number of gambling companies in the S&P 500: 5

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 3.8 times higher than the S&P 500 Casinos and Gaming Index.

Transparency Gambling Screen Impact Performance
  • The graph shows cumulative returns for the period from October 1, 2016 to September 30, 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.

Reason for Exclusion

Gambling industry is excluded from Transparency Index due to negative impact on investment performance and the well-being of people.