What Is the S&P 500 Pure Value Index?

The term S&P 500 Pure Value Index refers to a score-weighted index developed by 澳洲幸运5官方开奖结果体彩网:Standard and Poor's (S&P). The index uses what it calls a "style-attractiveness-weighting scheme" and only consists of stocks within the S&P 500 Index that exhibit strong value characteristics. The index was launched in 2005 and consists of 120 constituents, the majority o💝f which are financial serv⭕ices companies.

The index was previously called the S&P 500/Citigroup Pure Value Index because of the relationship between Standard and Poor's, and Citigroup.

Understanding the S&P 500 Pure Value Index

The S&P 500, is a broad stock market index. Based on the 澳洲幸运5官方开奖结果体彩网:market capitalizations of 500 large companies having common stock listed on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE) or the Nasdaq, the S&P 500 is one of the most commonly followed equity indices and is generally considered one of the best representations of the U.S. economy and the stock market.

The company launched the S&P 500 Pure Value Index on Dec. 16, 2005, as a style-concentrated index. It is meant to track the performance of stocks that exhibit the strongest value characteristics by using a style-attractiveness-weighting scheme. The index is narrow in focus, as it only contains those 澳洲幸运5官方开奖结果体彩网:S&P 500 companies with 澳洲幸运5官方开奖结果体彩网:value stock characteristics as selected by S&P.

As of July 2022, the index was comprised of 120 different companies. The top five sectors by weight are financials (30.3%)♔, health care (12.3%), consumer staples (10.5%), energy (9.5%) and materials (7.3%). The median market cap for these companies was $47.03 billion. The top five companies listed on t🎀he index as of this date were as follows:

• Cigna Corporation (healthcare)
• Berkshire Hathaway B (financials)
• Valero Energy Corp (energy)
• Marathon Petroleum Corp. (energy)
• Allstate Corp (financials)

The index is 澳洲幸运5官方开奖结果体彩网:rebalanced on an annual basis. The index's calculation is done in real-time in both the 澳洲幸运5官方开奖结果体彩网:U.S. dollar (USD) and the 澳洲幸运5官方开奖结果体彩网:South Korean won (KRW).

The S&P 500 Pure Value Index returned 25.92% on a 澳洲幸运5官方开奖结果体彩网:year-to-date (YTD) basis as of April 30, 2021. Its one-year return was 72.32% while the 10-year return totaled 11.65%. It has generally outpaced its 澳洲幸运5官方开奖结果体彩网:benchmark, the S&P 500 Value, which brought in total returns of 14.9%, 40.9%, and 11.27% on a YTD, one-year, and 10-year basis.

Special Considerations

The S&P 500 Pure Value Index, which was previously known as the S&P 500/Citigroup Pure Value Index, is among the company's group of style indices. They are derived from what is called a headline or parent index, which also contains the same constituents.

This index is associated with a corresponding 澳洲幸运5官方开奖结果体彩网:exchange-traded fund (ETF) called the Invesco S&P 500 Pure Value ETF. The fund was launched on March 1, 2006, and trades on the 澳洲幸运5官方开奖结果体彩网:NYSE Arca under the ticker symbol RPV. Net assets totaled $2.3 billioꩵn as of May 5, 2🤪021.

At least 90% of the fund's capital is invested in the index's constituents. The fund's 澳洲幸运5官方开奖结果体彩网:management fee is 0.35% and its distribution rate was 2.05%. The fund's returns based on its 澳洲幸运5官方开奖结果体彩网:net asset value (NAV) mirrored those of the index, coming at 25.73%, 71.67%, and 11.27% on a YTD, one-year, and 10-year basis.