We recognize that our list is not exhaustive, as there are many companies driving innovation along multiple axes that we have chosen not to add to our index.
Some examples include:
Apple’s manufacturing and AI driving their consumer devices
Alphabet with Waymo & Intrinsic innovating in autonomy and automation
Amazon’s work across automation and robotics
Microsoft/Hololens in AR/XR
We believe that including these large market-cap public companies would lead to their dominance of the index, negating much of the value of understanding the performance of the stocks we are including.
We also plan to exclude most companies with a market capitalization below $500M as we feel these are too small to include, but may include companies below this market capitalization threshold if we feel they offer something unique and important as a component of the index.