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Russell Equity Indexes Membership
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U.S. Indexes
Global Indexes


In order to maintain indexes that are truly representative of global equity markets, Russell annually rebalances the entire Russell family of indexes. On the last trading day of May each year, all eligible securities globally are ranked by their total market capitalization. In addition to Russell's annual reconstitution, eligible
Initial Public Offerings are added at the end of each calendar quarter.

Please see below for more details on the U.S. and Global Indexes.

U.S. Indexes
On the last trading day in May, Russell ranks the 4,000 largest U.S. stocks by market capitalization. After the initial list of 4,000 eligible participants is determined, the shares outstanding for each company are adjusted for corporate cross-ownership and large private holdings. Therefore, the Russell Indexes include only the investable portion of the universe—that segment in which investors can freely transact shares.

Membership Lists as of June 22, 2007 (in PDF format)

Russell 3000® Index—Representing the broad market

Russell 1000® Index—Representing large-cap stocks

Russell 2000® Index—Representing small-cap stocks

Russell Midcap® Index—Representing mid-cap stocks

Russell Microcap® Index—Representing the smallest 1000 members of the Russell 2000 and the next smallest 1000 stocks by market cap.

Global Indexes
The Russell Global Index is constructed from a company level perspective. Every publicly traded company around the world that could merit investment by a global institutional asset manager by meeting minimum size and investability standards is included in the stock universe.

Once the total universe has been screened and companies have been assigned to their home countries (for more information on the screening and country assignment process see the Construction and Methodology document), Russell takes the top 98% of the investable universe in the U.S. (Russell 3000 Index), Japan (Russell/Nomura Total Market Index), and the rest of the world to create the initial membership list. Upon finalizing the constituent list, the index weights are calculated by free float-adjusted capitalization to create the final Russell Global Index.

Membership List as of June 22, 2007 (in PDF format)

Russell Global Index—Representing 98% of the global investable universe

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U.S. Indexes
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Construction & methodology
Annual reconstitution
 

GLOBAL INDEXES Related Links
Construction & Methodology
Index Definitions
 

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Indexes are unmanaged and cannot by invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.