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Index

Jantzi Social Index

Principles

Modeled on the S&P/TSX 60, the Jantzi Social Index (JSI) consists of 60 Canadian companies that pass a set of broadly-based social and environmental screens. In creating the JSI, Michael Jantzi Research Associates Inc. (MJRA) set out to create a benchmark against which institutional investors could measure the performance of socially screened portfolios. In addition, by tracking the JSI over time, MJRA hoped to answer the question: How does the application of social criteria affect investment performance? Although not perfect, the companies in the JSI reflect a higher standard of social and environmental performance, according to MJRA, as compared to those in the S&P/TSX 60 or S&P/TSX Composite. However, the JSI does not presume to represent the only 60 Canadian companies that meet social and environmental criteria.

Excluding criteria

The JSI seeks to avoid companies that:

	have a consistently poor relationship with aboriginal communities;
	undertake questionable or fraudulent business or corporate governance practices;
	have a consistently poor employee relations record;
	have a consistently poor environmental performance record compared to industry counterparts;
	have experienced significant problems at their operations outside of Canada;
	manufacture unsafe products, including tobacco and weapons;
	have significant involvement in the production of nuclear power.

Positive criteria

The JSI seeks to include companies that:

	have developed good relationships with the communities in which they ooperate, including aboriginal communities;
	encourage diversity in the workplace;
	have strong relationships with their employees;
	have progressive environmental records;
	have superior records of corporate governance.

Research done by

MJRA based on social and environmental criteria, which were developed in cooperation with advisory board.

Funds based on the index	Jantzi Social Index Fund (Meritas Mutual Funds)
Finance-/tech. - support by	Dow Jones Indexes
Benchmark	n. a.
Company profiles	All companies in the Jantzi Social Index are profiled in MJRA's Canadian Social Investment Database.