Impact Shares YWCA Womenas Empowerment ETF(AMEX:WOMN)

WOMN looks to capture the performance of US large- and mid-cap stocks of companies that are empowering to women, with risk and return characteristics similar to the indexs large- and mid-cap equity universe. The funds ESG research provider considers four factors to calculate a gender diversity score for each eligible firm: gender balance in leadership and workforce, equal compensation and work life balance, policies promoting gender equality, and commitment, transparency, and accountability to womens empowerment. WOMNs index uses an optimization algorithm to select a portfolio of about 200 companies with the highest scores, while maintaining marketlike risk and return. Additionally, companies involved in serious ethical controversies or certain industries (such as weapons, gambling, or tobacco) are excluded from the index. The index is rebalanced quarterly and reconstituted annually.