Base Date: September 20, 2002
No. of Components: 100
Minimum Market Cap: USD $4 billion
Minimum Daily Avg. Liquidity: USD $2 million
Sector Limit: 25% (25 companies)
Geographic Exposure: United States
Rebalance Frequency: Semi-annual
Underlying Universe: Companies domiciled in the North America, excluding Canada, listed in U.S. exchanges
All index constituents are selected on the basis of their fundamental strength as measured by MarketGrader’s overall grade. Built on a scale between 0 and 100, our Overall Grade is based on our 24 fundamental indicators, which are broken down into four analytical categories: Growth, Value, Profitability and Cash Flow. All of our indicators and our overall grades are calculated daily for all companies under coverage.
All index constituents are equally weighted every time the index is rebalanced. No weight modifications or adjustments are made to the portfolio between rebalance periods.
All index constituents must have a minimum total market cap of USD $4 billion and a minimum 3-month daily traded value of USD $2 million.
No more than 25% of the index (25 companies) may belong to the same economic sector. REITs are altogether ineligible for selection.
The index is rebalanced semi-annually, on the third Friday of March and September.
The MarketGrader Large Cap Index seeks to follow the most fundamentally sound large capitalization companies with the best growth prospects in the United States. Since its constituents are equally weighted the index gives each company an equal opportunity to contribute to the performance of the portfolio regardless of sector or business model. It was designed to offer investors who follow market cap weighted benchmarks an alternative way to capture the growth among large cap stocks in the world’s largest economy and deepest financial market.
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