JUST Capital’s unique data, indexes, analysis, and rankings enable the investment community to align their decision-making with their values and lend their influence and resources toward building a just marketplace.
We conduct our own analysis of the connections between just corporate performance and financial returns (see our JUST Alpha research series), and we make our data available to others to do the same.
We are also launching a family of investable Indexes, beginning with the JUST Capital U.S. Large-Cap Diversified Index (JULCD), launched in November 2016, to help investors allocate capital to JUST-aligned investment strategies.
JUST U.S. Large Cap Diversified Index (JULCD)
The JULCD is based on JUST Capital’s unique methodology to analyze and rank the largest U.S. companies on the issues that matter most to the American public. The JULCD Index includes the top 50% of Russell 1000 companies ranked by JUST Capital by industry and is constructed to match the its industry weights. It features companies driving positive change on the issues the American public cares about most like worker pay and well-being, customer treatment and privacy, beneficial products, the environment, job creation, strong communities, and more.
On June 13, 2018, Goldman Sachs Asset Management launched the Goldman Sachs JUST U.S. Large Cap Equity ETF (Ticker: JUST) which seeks to provide investment results that closely correspond, before fees and expenses, the performance of the JULCD. “JUST is an important financial product – it specifically promotes corporate practices and policies that society values. This focus allows investment to flow toward a more sustainable and equitable future, while seeking to generate attractive returns for investors.” – Timothy J. O’Neill, co-head of Goldman Sachs’ Investment Management Division
Index Construction & Methodology Summary
The JUST U.S. Large Cap Diversified Index is rebalanced every December with the basket of the top-ranked 50% of stocks by industry, based on the most recent JUST Capital rankings. Constituents are reweighted so that each ICB industry weight in the JULCD index will match that of the Russell 1000. Each constituent’s weight within its ICB industry is proportional to its market capitalization.
- JUST Capital.
- Russell 1000 Index.
- The JULCD index includes the top 50% of Russell 1000 companies ranked by JUST Capital in each JUST industry in its most recent annual ranking.
- Modified market capitalization. JULCD constituents are reweighted so that each Industry Classification Benchmark (ICB) industry weight in JULCD matches that of the Russell 1000 at reconstitution. Each JULCD constituent weight within its ICB industry is proportional to its market capitalization.
- United States.
- US dollar.
- Total return.
- Effective at close of third Friday of December, or next available trading date.
- Standard FTSE Russell methodology for market cap-weighted indices.
- 1,000 as of November 30, 2016.
- FTSE Russell.
- Bloomberg: JULCD
- Thomson Reuters: (RIC: .TFTJULCDU).
Performance (total return)
Note: Russell 1000 normalized to value of 1000 as November 30th 2016
Stocks are weighted so that at each rebalance date the ICB industry weight in the JULCD index will match that of the Russell 1000. Each constituent weight within its relevant industry is proportional to its market capitalization. Between rebalance dates, stock weightings may differ from the Russell’s due to individual stock price performance.
- JULCD Calculation Methodology
- JULCD Q3 2018 factsheet
- JULCD Q2 2018 factsheet
- JULCD Q1 2018 factsheet
The information contained herein is for informational purposes only without regard to any particular user’s investment objectives, risk tolerances or financial situation and does not constitute investment advice, nor should it be considered a solicitation or offering to investors residing outside the United States. JUST Capital makes no representation as to the advisability of investing in any investment fund or other vehicle. Shares of JUST are made only by prospectus. The addition, removal, or inclusion of a security in any JUST Capital index is not a recommendation to buy, sell, or hold that security, nor is it investment advice. The JUST Parties do not in any way sell, sponsor, support, promote, or endorse any securities based on the JULCD, or have any involvement in their operations or distribution. Prospective investors should not make a decision to invest in any investment fund or other vehicle based on the information contained in this website, and JUST Capital shall not be responsible or liable for any advice given to third parties or decisions to invest in any investment fund or other vehicle by you or third parties based on the information. Index performance does not reflect the deduction of any fees or expenses. Past results of the JUST U.S. Large Cap Diversified Index are no guarantee of future performance.
The JUST US Large Cap Diversified Index is calculated and maintained by FTSE Russell using the Russell 1000 Index as a starting universe, and aims to reflect the performance of a JUST Capital Foundation Inc. methodology. FTSE Russell does not sponsor, endorse, sell, or promote any investment vehicle that is offered by any third party that seeks to provide an investment return based on the performance of any index. It is not possible to invest directly in an index.