NEW YORK, March 4, 2022 /PRNewswire/ -- S&P
Dow Jones Indices ("S&P DJI") is updating the market
capitalization eligibility criteria for new additions to the
S&P Composite 1500 Indices. Effective today, the size
ranges will be updated as follows.
Previous
Market Capitalization Eligibility Criteria
|
New Market
Capitalization Eligibility Criteria
|
Unadjusted company
market capitalization of:
- US$ 13.1
billion or more for the S&P 500
- US$ 3.6
billion to US$ 13.1 billion for the S&P MidCap 400
- US$ 850
million to US$ 3.6 billion for the S&P SmallCap 600
|
Unadjusted company
market capitalization of:
- US$ 14.6
billion or more for the S&P 500
- US$ 3.7
billion to US$ 14.6 billion for the S&P MidCap 400
- US$ 850
million to US$ 3.7 billion for the S&P SmallCap 600
|
|
|
In consideration of overall market conditions, the Index
Committee believes a minimum threshold of $14.6 billion for the S&P 500 is appropriate.
These ranges are reviewed quarterly and updated as needed to assure
consistency with market conditions. A company meeting the
unadjusted company market capitalization criteria must also have a
security level float-adjusted market capitalization that is at
least 50% of the respective index's unadjusted company level
minimum market capitalization threshold.
As a reminder, the market capitalization eligibility criteria
are for addition to an index, not for continued membership. As a
result, an index constituent that appears to violate criteria for
addition to that index is not removed unless ongoing conditions
warrant an index change.
A history of market cap ranges dating back to 2007 can be found
in Appendix A of the U.S. Indices methodology. The document will be
updated soon to reflect the change. Please visit our
website www.spdji.com for further details.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors
measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
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Indices
index_services@spglobal.com
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SOURCE Standard & Poor's