The Russell Top 50 Index measures the performance of the largest companies in the Russell 3000 Index. It includes approximately 50 of the largest securities based on a combination of their market cap and current index membership and represents approximately 40% of the total market capitalization of the Russell 3000.
The index, which was launched on January 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RU50.
Investing edit
Prior to January 27, 2016, the index was tracked by an exchange-traded fund, the Guggenheim Russell Top 50 Mega Cap ETF (NYSE Arca: XLG).[1] The ETF switched to the S&P 500 Top 50 Index.
Top 10 holdings edit
- Apple Inc. (Nasdaq: AAPL)
- Microsoft Corp (Nasdaq: MSFT)
- Amazon.com (Nasdaq: AMZN)
- Meta Platforms (Nasdaq: META)
- Alphabet Inc Cl A (Nasdaq: GOOGL)
- Alphabet Inc Cl C (Nasdaq: GOOG)
- Berkshire Hathaway Inc (NYSE: BRK.B)
- Johnson & Johnson (NYSE: JNJ)
- Procter & Gamble (NYSE: PG)
- Visa Inc. (NYSE: V)
(as of October 31, 2020)[2]
Top sectors by weight edit
- Technology
- Consumer Discretionary
- Health Care
- Industrials
- Financials