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

Chemical industry is comprised of companies manufacturing industrial chemicals and their derivatives by converting raw materials such as oil, natural gas, air, water, metals and minerals into more that 70,000
different products.

Chemicals industry, as defined by sector GICS classification, includes Commodify Chemicals, Diversified Chemicals, Fertilizers & Agricultural Chemicals, Industrial Gases and Specialty Chemicals.

Number of Companies

Number of chemical companies in the S&P 500: 15

Harmful Impact

Investment in chemical production and use have adverse impacts on human, societal and environmental well-being.
  • 2 Million Deaths caused by hazardous chemical exposure in 2019, a 29% increase from 2016.1
  • 80% of Global Marine Damage comes from agricultural fertilizers and pesticide runoff.
  • ~144,000 Annual Cancer and Disease Cases attributed to toxic chemicals.3
  • $349B Annual Economic Burden of Chemicals.4

Performance Impact

The Transparency Index 5-year cumulative dollarized return is 2.7 times higher than the S&P 500 Chemicals Industry Index.

Transparency Chemical 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

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