SOLUTION OVERVIEW

Russell US Market Cap
Completion Indexes
Providing more granular segmentsof the US equity market

The Russell US Market Cap Completion
Indexes use Russell’s modular framework toprovide market participants more granular
US equity index segments based on size.
The indexes are designed to provide more
specific segments of the investable US
equity market.

Relevant
Russell Indexes are based on the most relevant
data, calculated using a robust methodology anddelivered according to your requirements.

Reliable
Russell Indexes combine academic rigor withpractical relevance so that you can use them withconfidence to inform your investment decisions,and as a foundation for your index related
investment products.

A trusted partner
Approximately $10.5 trillion1 is benchmarked to theRussell Indexes, which provide comprehensive
representation of the US equity market and its sizeand style segments.

1	Data as of December 31, 2023 as reported on April 1, 2024
by eVestment for active institutional funds, Morningstar for
active retail mutual funds, insurance products, and ETFs, andpassive assets directly collected by FTSE Russell. AUM includes
blended benchmarks and excludes futures and options. AUM
data does not include active and passive assets not reported toa 3rd party source or FTSE Russell. For funds where the AUM
was not reported as of December 31, 2023, the previous period
AUM was used as an estimate. No assurances are given by
FTSE Russell as to the accuracy of the data.

Russell US Market Cap Completion Indexes

Russell US Indexes as of reconstitution 2024
The Russell US Indexes are completely recalibrated each year in June during reconstitution. This rules-based approach to capturing theUS market, which defines the breaks between market capitalization segments and determines where companies fall along the growth/value spectrum, is one of the most anticipated US market events each year.

Russell US Indexes – 2024
Russell US Market Cap Completion Indexes$2,893.6B B

Russell
3000E®
Index
Up to 4,000
largest USstocks$152.7 B$46.9 B

~98% of theUS equity
market cap
LARGEST
$2,893.6 B

Russell
3000® Index

Russell1000® Index

Russell Top200® Index

Russell Top500 Index

3,000 largest
US stocks

(95%)

(72%)

(87%)

LARGEST
$2,893.6 B(22%)$4.6 B$30.0 M

(49%)

(99%)

Russell Top
100

Russell Top
10 IndexRussell Top
20 Index

(61%)

(29%)

(37%)

Russell 1000
ex Top 10Index$13.8 B

$150.4 M

Russell 3000
ex Microcap
Index~98% of theUS equity
market cap
Russell 3000
ex Top 50
Mega Cap
Index

Russell
Midcap®
Index

SMALLEST$150.4 M$869.4 M

Russell Top
50® Mega
Cap Index

SMALLEST$30.0 M

Russell
2000® Index
(5%)

(51%)
Russell
2500TM
Index

(66%)

Russell 3000
ex Top 200
Index

Russell 1000
ex Top 50
Mega Cap
Index
(45%)

Russell Midcap
300 Index (15%)
Russell Midcap
500 Index (7%)(28%)

Russell 2000 ex
Microcap (5%)(13%)
Russell Microcap®
Index>1% of the US
equity market cap

Russell Microcap ex
Russell 2000 Index<1% of the US
equity market cap

Source: FTSE Russell. Data as of April 30, 2024. Russell Index constituents represent the preliminary reconstitution constituents as of rank day, April 30, 2024, which will be effective
after market close on June 28, 2024. May not equal 100% due to rounding.
The market capitalization breakpoints for the Russell Indexes are based on new additions as of 2024 reconstitution. The market capitalization ranges used above are absolute
breakpoints for new members and do not include capitalization banding. Capitalization banding involves the implementation of a ±2.5% band around certain breakpoints. For further
information, please refer to the Russell US Indexes construction and methodology document or contact FTSE Russell Client Service.
* Percentages in parentheses () are of the Russell 3000 index.

Available Indexes
Russell 3000 ex Microcap Index
Russell 3000 ex Top 50 Mega Cap Value Index
Russell 3000 ex Top 50 Mega Cap Growth Index
Russell 1000 ex Top 50 Mega Cap Index
Russell 1000 ex Top 50 Mega Cap Value Index
Russell 1000 ex Top 50 Mega Cap Growth Index
Russell 3000 ex Top 200 Index
Russell 3000 ex Top 200 Value Index
Russell 3000 ex Top 200 Growth Index
Russell Midcap 500 Index
Russell Midcap 500 Value Index
Russell Midcap 500 Growth Index
Russell Midcap 300 Index
Russell Midcap 300 Value Index
Russell Midcap 300 Growth Index
Russell 2000 ex Microcap Index
Russell 2000 ex Microcap Value Index
Russell 2000 ex Microcap Growth Index
Russell Microcap ex Russell 2000 Index
Russell Microcap ex Russell 2000 Value Index
Russell Microcap ex Russell 2000 Growth Index
Russell Top 10 Index
Russell Top 20 Index
Russell Top 100 Index
Russell 1000 ex Top 10 Index
Russell 1000 ex Top 10 Growth Index
Russell 1000 ex Top 10 Value Index
FTSE Russell

2About FTSE Russell
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. As a trusted
investment partner we help investors make better-informed investment decisions, manage risk, and seize opportunities.
Market participants look to us for our expertise in developing and managing global index solutions across asset classes. Asset owners, asset managers,
ETF providers and investment banks choose FTSE Russell solutions to benchmark their investment performance and create investment funds, ETFs,
structured products, and index-based derivatives. Our clients use our solutions for asset allocation, investment strategy analysis and risk management,
and value us for our robust governance process and operational integrity.
For over 35 years we have been at the forefront of driving change for the investor, always innovating to shape the next generation of benchmarks andinvestment solutions that open up new opportunities for the global investment community.

Contact UsTo learn more, visit lseg.com/ftse-russell; email info@ftserussell.com; or call your regional Client Service team office:
EMEA +44 (0) 20 7866 1810

Asia-PacificNorth America +1 877 503 6437

Hong Kong +852 2164 3333
Tokyo +81 (3) 6441 1430
Sydney +61 (0)2 7228 5659

Disclaimer© 2024 London Stock Exchange Group plc and its applicable group undertakings (“LSEG”). LSEG includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company(“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) FTSE Fixed Income Europe Limited (“FTSE FIEurope”), (5) FTSE Fixed Income LLC (“FTSE FI”), (6) FTSE (Beijing) Consulting Limited (“WOFE”) (7) Refinitiv Benchmark Services (UK) Limited (“RBSL”), (8) Refinitiv Limited (“RL”) and(9) Beyond Ratings S.A.S. (“BR”). All rights reserved.
FTSE Russell® is a trading name of FTSE, Russell, FTSE Canada, FTSE FI, FTSE FI Europe, WOFE, RBSL, RL, and BR. “FTSE®”, “Russell®”, “FTSE Russell®”, “FTSE4Good®”, “ICB®”,“Refinitiv” , “Beyond Ratings®”, “WMR™” , “FR™” and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks
owned or licensed by the applicable member of LSEG or their respective licensors and are owned, or used under licence, by FTSE, Russell, FTSE Canada, FTSE FI, FTSE FI Europe,WOFE, RBSL, RL or BR. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator. Refinitiv Benchmark Services (UK)
Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.
All information is provided for information purposes only. All information and data contained in this publication is obtained by LSEG, from sources believed by it to be accurate andreliable. Because of the possibility of human and mechanical inaccuracy as well as other factors, however, such information and data is provided “as is” without warranty of anykind. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly
or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or LSEG Products, or of results to be obtained from the use of LSEG products,
including but not limited to indices, rates, data and analytics, or the fitness or suitability of the LSEG products for any particular purpose to which they might be put. The user of theinformation assumes the entire risk of any use it may make or permit to be made of the information.
No responsibility or liability can be accepted by any member of LSEG nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole
or in part caused by, resulting from, or relating to any inaccuracy (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing,editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special,consequential or incidental damages whatsoever, even if any member of LSEG is advised in advance of the possibility of such damages, resulting from the use of, or inability to use,such information.
No member of LSEG nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this document should be taken as
constituting financial or investment advice. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any representation regarding theadvisability of investing in any asset or whether such investment creates any legal or compliance risks for the investor. A decision to invest in any such asset should not be made inreliance on any information herein. Indices and rates cannot be invested in directly. Inclusion of an asset in an index or rate is not a recommendation to buy, sell or hold that asset
nor confirmation that any particular investor may lawfully buy, sell or hold the asset or an index or rate containing the asset. The general information contained in this publication
should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index and/or rate returns shown may not represent the resultsof the actual trading of investable assets. Certain returns shown may reflect back-tested performance. All performance presented prior to the index or rate inception date is backtested performance. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effectwhen the index or rate was officially launched. However, back-tested data may reflect the application of the index or rate methodology with the benefit of hindsight, and the historiccalculations of an index or rate may change from month to month based on revisions to the underlying economic data used in the calculation of the index or rate.
This document may contain forward-looking assessments. These are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate.
Such forward-looking assessments are subject to risks and uncertainties and may be affected by various factors that may cause actual results to differ materially. No member ofLSEG nor their licensors assume any duty to and do not undertake to update forward-looking assessments.
No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording orotherwise, without prior written permission of the applicable member of LSEG. Use and distribution of LSEG data requires a licence from LSEG and/or its licensors.