Introduced in 1994, S&P Composite 1500 is a broad market portfolio representing the large cap, mid cap and small cap segments of the U.S. equity market. This combination addresses the needs of investors wanting broad exposure beyond the S&P 500. It is gaining ground amongst plan sponsors as an effective measure of the U.S. equities market. S&P Composite 1500 is one of the composite index series created with core indices as building blocks to develop tailored portfolio strategies.
Index constituents exhibit the following characteristics:
Underlying Indices – S&P 500, S&P MidCap 400, and S&P SmallCap 600
Market Coverage – Approximately 85% of the U.S. equities market
Weighting – Market capitalization
Public Float – At least 50%
Reconstitution – As needed basis
Index Governance and Policy
This index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.