The following document is Vallum Advisors’ annual primer on the 2024 FTSE Russell U.S. Equity Index Reconstitution, including our preliminary estimates around market capitalization thresholds required to gain or retain membership on the Russell 3000, 2000, 1000 and microcap indices for 2024.  FTSE Russell provides float-adjusted, market capitalization-weighted indices for a precise picture of the U.S. Equity market, representing 99% of all investable U.S. equities. These indices are reconstituted fully in June each year to ensure a true, U.S.-investable opportunity set, while balancing turnover.

2024 Russell U.S. Equity Index Reconstitution