Description

The S&P 500 Equal Weight Index is designed to track the performance of the 500 most prominent companies publicly traded in the United States. This benchmark broadly captures approximately 80% of the free-float market capitalization of the U.S. equity market. A distinctive feature of this index is its weighting approach, where every included stock holds an identical proportion, irrespective of its individual market value. The index undergoes rebalancing and review on a quarterly schedule. For comprehensive details regarding its construction, constituent selection, and weighting methodology, further information can be found at https://www.spglobal.com/spdji/en/.