The index tracks the 20 most valuable unicorns, as defined by the primary round valuation. Morningstar Indexes publishes the up‑to‑date index composition online. At the launch of this product, the index includes the following companies: SpaceX, SHEIN, Stripe, Checkout.com, Canva, Instacart, Databricks, Revolut, Epic Games, Waymo, Chime, Miro, VillageMD, Gopuff, CloudKitchens, Discord, Blockchain.com, Plaid, OpenSea, and Celonis. The composition can change at each rebalancing.