Acquired from Goldman Sachs Group in February, 2007, the S&P North American Technology indices provide investors with equity benchmarks for U.S. traded technology-related securities. The S&P North American Technology Index is the technology sub-index of the S&P North American Sector Indices. The S&P NA Tech Sector sub-indices are more narrowly industry based indices consisting of twelve or more stocks selected from the universe of stocks in the S&P NA Tech Sector Index. The S&P Equity Index Committee may select stocks for inclusion in one of the sub-indices based on criteria considered relevant to the categorization of each stock. Each sub-index is weighted according to a modified-capitalization weighting methodology, the purpose which is to limit the weight of stocks that would otherwise dominate the performance of the index but still retain the attractive features of a cap-weighted index.
Index Eligible Constituents at each rebalancing exhibit the following characteristics:
Market Capitalization-At least US$ 1.3 billion for the S&P North American Technology Sector
Liquidity Ratio-At least 30%
Public Float-At least 20%
Listed- NYSE, AMEX or NASDAQ
Sector Classification-Information Technology Sector or Internet Retail Sub-Industry of GICS®
Sub-index Criteria-S&P North American Technology Sector stocks are eligible for inclusion in one of S&P North American Technology Sector sub-indices
Eligible Companies-Member of the S&P Total Market Index or the S&P/TSX Composite Index
Stock Capping-Constituent level weight cap of 8.5%. Additional stock weight caps in sub-indices may apply
Index Governance and Policy
The S&P Equity Industry Index Committee maintains the S&P North American Technology Indices. All
members are full-time professional members of Standard & Poor’s staff. At each
meeting, the committee reviews pending corporate actions that may affect index
constituents, statistics comparing the composition of the indices to the market, companies that are being considered as candidates for addition to an index, and any significant market events.
The S&P North American Sector Indices family provides investors with a suite of equity benchmarks that represents U.S. traded securities across seven broadly defined economic sectors: Consumer; Cyclical; Financial Services; Health Care; Natural Resources; Technology and Utilities.
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