Index |
KLD Dividend Achievers Social Index |
| Principles |
About the Index
Jointly developed using KLD's accepted ESG indexing process and coupled withMergent, Inc.'s Dividend AchieversTMrequirements, the DASI is the first benchmarkfor equity portfolios subject to ESG screens and dividend criteria. The KLD DividendAchievers Social Index (DASI) is an equal weighted common stock index comprisedof environmental, social and governance (ESG) screened performers with 10 or moreconsecutive years of dividend growth.
Index Construction
To be eligible for the DASI, a company must be incorporated in the United States orits territories, trade on NYSE, AMEX, or NASDAQ, and must be a member of the KLDLarge Cap SocialSM Index (LCSI) or KLD's Domini 400 SocialSM Index (DS400).
Companies in the Russell 3000 and Standard & Poor's 5000 involved beyondspecific KLD thresholds in adult entertainment, alcohol, tobacco, firearms, gambling,nuclear power and military weapons are ineligible for consideration for the LCSI or DS400.
After KLD applies these screens, each company is evaluated based on performanceon the following issues: environment, community relations, diversity, employeerelations, human rights, product quality and safety, and corporate governance. KLDevaluates companies in the context of their industry and sector as well as in relationto the broader market.
The Mergent Dividend AchieversTM overlay is then applied to the combined LCSI andDS400 universe. The overlay selects only those companies that have paid anincreasing regular cash dividend for a minimum of 10 consecutive years. In addition,each company's stock average daily cash volume must exceed $1 million for 60-dayperiod prior to each Reconstitution.
Index Maintenance
The DASI Index Committee reconstitutes the Index every year on the first businessday in February in conjunction with the reconstitution schedule of the DividendAchieversTM. The Index is reconstituted again on the first business day in Augustfollowing reconstitution of the LCS. Changes to Index constituents from corporateactions are handled on a case-by-case basis. KLD may remove a company at anytime for reasons related to its ESG performance. Companies that fail to increasetheir cash dividend are removed at February reconstitution. Companies removedfrom the DASI between reconstitutions are not replaced and all Index additions occuronly at reconstitution. The Committee makes the final decision on all changes to theIndex related to ESG screens.
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| Excluding criteria |
Adult Entertainment, Alcohol, Firearms, Gambling, Military, Nuclear Power, Tobacco
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| Positive criteria |
Community, Corporate Governance, Diversity, Employee Relations, Environment, Product Quality, Product Safety, Human Rights
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Research done by
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KLD Research & Analytics, Inc. | |
Funds based on the index
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| Finance-/tech. - support by |
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| Benchmark |
Russel 1000
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| Company profiles |
NA
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