A 40-name equal-weight index across four tiers — gateway, control plane, application leaders, endpoints — gated by the Agent Beneficiary Ratio (ABR).
AW40 (Agentic Winners 40) is Closelook's 40-name equal-weight index tracking who captures the value of the agentic-AI disruption of knowledge work. Constituents span four tiers — Megacap Gateway, Control Plane, Application Leaders, and Endpoints — with segment (Enterprise / Consumer) and region (US / Europe / Asia) sub-indices. Inclusion is gated by the Agent Beneficiary Ratio (ABR), not by performance. See the AW40 Index and AW40 101.