Russell Top 50 Index
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
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
- Apple Inc. (Nasdaq: AAPL)
- Microsoft Corp (Nasdaq: MSFT)
- Exxon Mobil Corp (NYSE: XOM)
- Johnson & Johnson (NYSE: JNJ)
- JPMorgan Chase & Co (NYSE: JPM)
- Berkshire Hathaway Inc (NYSE: BRK.B)
- Amazon.com (Nasdaq: AMZN)
- General Electric (NYSE: GE)
- AT&T (NYSE: T)
- Facebook (Nasdaq: FB)
(as of December 31, 2016)[2]
Top sectors by weight
- Technology
- Financial Services
- Health Care
- Consumer Discretionary
- Consumer Staples