NEW
YORK, July 5, 2023 /PRNewswire/ -- S&P Dow
Jones Indices ("S&P DJI") is updating the market capitalization
eligibility criteria for additions to the S&P Composite 1500
Indices. Effective July 5,
2023, the size ranges will be updated as follows:
Previous
Market Capitalization Eligibility Criteria
|
Updated
Market Capitalization Eligibility Criteria
|
Unadjusted company
market capitalization of:
· US$ 12.7
billion or more for the S&P 500
·
US$ 4.6 billion to US$ 12.7 billion for
the S&P MidCap 400
·
US$ 750 million to US$ 4.6 billion for
the S&P SmallCap 600
|
Unadjusted company
market capitalization of:
·
US$ 14.5 billion or more for the S&P
500
·
US$ 5.2 billion to US$ 14.5 billion for
the S&P MidCap 400
·
US$ 850 million to US$ 5.2 billion for
the S&P SmallCap 600
|
|
|
These market capitalization ranges are reviewed at the beginning
of every calendar quarter, updated as needed to ensure they reflect
current market conditions, and are expressed in dollar ranges.
These minimum market capitalization guidelines are designed to
capture the three-month average cumulative total any level market
capitalization of the S&P Total Market Index ("TMI") universe
at approximately the following cumulative percentiles:
- S&P 500 – 85th percentile
- S&P MidCap 400 index – 85th-93rd percentile
- S&P SmallCap 600 index – 93rd-99th percentile
Companies passing the total company-level market capitalization
criteria must also have a security level float-adjusted market
capitalization (FMC) that is at least 50% of the respective index's
total company-level minimum market capitalization threshold.
As a reminder, the market capitalization eligibility criteria
are for additions 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 U.S. Indices
methodology document will be updated soon to reflect the changes.
Please visit our website www.spglobal.com/spdji for further
details.
For more information about S&P Dow Jones Indices, please
visit www.spglobal.com/spdji
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.spglobal.com/spdji.
FOR MORE INFORMATION:
S&P Dow Jones
Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original
content:https://www.prnewswire.com/news-releases/sp-dow-jones-indices-announces-update-to-sp-composite-1500-market-cap-guidelines-301870654.html
SOURCE S&P Dow Jones Indices