Market Indicies

Dow Jones Transportation Average

The Dow Jones Transportation Average represents the stock performance of large, well-known U.S. companies within the transportation industry.

Dow Jones Utility Average

The Dow Jones Utility Average represents the stock performance of large, well-known U.S. companies within the utilities industry.

Market Indices

A market index tracks the performance of a specific "basket" of stocks considered to represent a particular market or sector of the U.S. stock market or the economy.

Russell 1000 Growth

Measures the performance of the large-cap growth segment of the U.S. equities.

Dow Jones Industrial Average

The Dow Jones Industrial Average is a price weighted index that represents large and well-known U.S. companies. The index covers all industries with the exception of Transportation and Utilities. While stock selection is not governed by quantitative rules, a stock typically is added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors.

Dow Jones Industrial Average (DJIA)

The Dow Jones Industrial Average is an index of 30 "blue chip" stocks of U.S. industrial companies. The Index includes a wide range of companies—from financial services companies, to computer companies, to retail companies—but excludes transportation and utility companies, which are included in separate indices. Unlike many other indices, the DJIA is not a "weighted" index, meaning it does not take market capitalization into account.

NYSE AMEX Composite

The NYSE AMEX Composite is made up of stocks that represent the NYSE Amex equities market. The Index is a market capitalization weighted index, so the weight of each stock depends on the price of the shares and how many are outstanding. It was previously known as the American Stock Exchange (Amex) Composite Index.

NYSE Composite Index

The NYSE Composite Index tracks the price movements of all common stocks listed on the New York Stock Exchange. The Index is "capitalization-weighted" (that is, each stock's weight in the Index is proportionate to the stock's market capitalization).

Russell 1000 Value

Measures the performance of the large-cap value segment of the U.S. equities.

Russell 2000 Growth

Measures the performance of the small-cap growth segment of the U.S. equities.

Russell 2000 Value

Measures the performance of the small-cap value segment of the U.S. equities.

NYSE Composite Index

The NYSE Composite Index is designed to measure the performance of all common stocks listed on the NYSE, including ADRs, REITs and tracking stocks. In January 2003 the NYSE reintroduced the NYSE Composite Index under a new methodology that is fully transparent and rule-based. It is a measure of the changes in aggregate market value of all NYSE-listed common stocks, adjusted to eliminate the effects of capitalization changes, new listings and delistings.

Nasdaq-100 Index

The Nasdaq-100 Index is a "modified capitalization-weighted" index designed to track the performance of the 100 largest and most actively traded non-financial domestic and international securities listed on The Nasdaq Stock Market. To be included in the Index, a stock must have a minimum average daily trading volume of 100,000 shares. Generally, companies on the Index also must have traded on Nasdaq, or been listed on another major exchange, for at least two years.

Russell 1000 Index

The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000� Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the Russell 3000 Index.

Russell 2000 Index

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 8% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

Russell 2000® Index

The Russell 2000® Index is a capitalization-weighted index designed to measure the performance of the 2,000 smallest publicly traded U.S. companies based on in market capitalization. The Index is a subset of the larger Russell 3000® Index.

Russell 3000 Index

The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected.

S&P 100 Index

The S&P 100 Index, a sub-set of the S&P 500, measures the performance of large cap companies in the United States. Known by its ticker symbol, OEX, the index is comprised of 100 major, blue chip companies across multiple industry groups. The primary criterion for index inclusion is the availability of individual stock options for each constituent.

S&P 500 Index

The S&P 500 focuses on the large-cap sector of the market; however, since it includes a significant portion of the total value of the market, it also represents the market. Companies in the S&P 500 are considered leading companies in leading industries.

S&P Midcap 400 Index

The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index seeks to remain an accurate measure of mid-sized companies, reflecting the risk and return characteristics of the broader mid-cap universe on an on-going basis

S&P SmallCap 600 Index

The S&P SmallCap 600 measures a segment of the market that is typically renowned for poor trading liquidity and financial instability, the index is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable.

S&P 500 Composite Stock Price Index

The Standard & Poor's 500 Composite Stock Price Index is a capitalization-weighted index of 500 stocks intended to be a representative sample of leading companies in leading industries within the U.S. economy. Stocks in the Index are chosen for market size, liquidity, and industry group representation.

Wilshire 4500 Completion Index

The Wilshire 4500 Completion Index measures the performance of all small and mid-cap stocks. It is constructed using the Wilshire 5000 securities with the companies in the Standard & Poor's 500 Index removed.

Wilshire 5000 Total Market Index

The Wilshire 5000 Total Market Index is intended to measure the performance of the entire U.S. stock market. It contains all U.S.-headquartered equity securities with readily available price data. The Index is a capitalization-weighted Index.

Wilshire 5000 Total Market Index

The Wilshire 5000 Total Market Index represents the broadest index for the U.S. equity market, measuring the performance of all U.S. equity securities with readily available price data.