From this starting universe, Concinnity applies a proprietary, two-step analysis to select companies. In the first step, Concinnity uses seventy information sources and public rankings to identify and evaluate companies based on their demonstrated ability to achieve positive outcomes across all five stakeholder groups. These information sources are vetted annually and weighted based on stakeholder focus, research methodology and third party or in-house analysis of a source’s potential as a leading indicator of corporate and/ or stock performance. Typically, 700 - 1000 companies pass this initial screening.

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Concinnity creates an MsOS score for each company. This proprietary scoring methodology combines the initial screening data with ratings data from multiple research entities that specialize in various stakeholder assessment categories. This methodology uses classic multi-factor modeling techniques to sort, normalize, weigh, and roll up factors into categories, and finally an overall score. Categories include, but are not limited to: employee engagement, executive integrity, customer relationship quality, labor and human rights, and quality of financial reporting. Approximately 700-1000 companies are given a final score (others are not scored due to lack of data).

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Finally, the MsOS score is combined with a fundamental-based Valuation overlay and size/sector/style risk balancing to create the final approved universe. The final annual universe typically consists of 300-350 companies. This universe is used as the eligible universe for all Concinnity's indices.