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词条 S&P 400
释义

  1. Record values

  2. Investing

  3. Versions

  4. Annual Returns

  5. Components

  6. See also

  7. References

{{Infobox Index
|name = S&P 400
|logo =
|image =
|caption =
|foundation =
|operator = S&P Dow Jones Indices[1]
|exchanges = NYSE, NASDAQ, IEX
|constituents = 400
|cap_level = Mid-cap[1]
|mcap =
|weighting = Free-float capitalization-weighted[2]
|related = {{Collapsible list|

S&P 1500}}


|homepage = {{URL|http://us.spindices.com/indices/equity/sp-400}}
}}

The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices. The index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from $1.4 billion to $5.9 billion at the time of addition to the index.[3] {{as of|2017|12|29}}, the median market cap was almost $4.1 billion with the market cap of the largest company in the index at more than $13.1 billion and the smallest company at $626 million. The index's market cap covers nearly 7 percent of the total US stock market. The index was launched on June 19, 1991.

It has set a series of all-time highs since the Federal Reserve announced its third round of recent quantitative easing in mid-September 2012. At the weekly and monthly close of November 30, 2012, the index settled at the 1,000 point mark, and it has continued to rise in early 2013, setting new records above 1,200 by mid-May.

Record values

CategoryAll-Time Highs
Closing 1,995.23 Friday, January 26, 2018
Intraday 2,001.48 Wednesday, January 24, 2018

Investing

The following exchange-traded funds (ETFs) attempt to track this index and sub-indexes:

Index Fund
  • SPDR S&P MidCap 400 ETF ({{NYSE Arca|MDY}})[4]
  • Vanguard S&P Mid-Cap 400 ETF ({{NYSE Arca|IVOO}})[5]
  • iShares Core S&P Mid-Cap ETF ({{NYSE Arca|IJH}})[6]
Growth Index Fund
  • SPDR S&P 400 Mid Cap Growth ETF ({{NYSE Arca|MDYG}})
  • Vanguard S&P Mid-Cap 400 Growth ETF ({{NYSE Arca|IVOG}})
  • iShares S&P Mid-Cap 400 Growth ETF ({{NYSE Arca|IJK}})
Value Index Fund
  • SPDR S&P 400 Mid Cap Value ETF ({{NYSE Arca|MDYV}})
  • Vanguard S&P Mid-Cap 400 Value ETF ({{NYSE Arca|IVOV}})
  • iShares S&P Mid-Cap 400 Value ETF ({{NYSE Arca|IJJ}})

The SPDR fund was first, but the iShares fund is bigger; also they have different structures.[7]

Versions

The "S&P 400" generally quoted is a price return index; there are also "total return" and "net total return" versions of the index. These versions differ in how dividends are accounted for. The price return version does not account for dividends; it only captures the changes in the prices of the index components. The total return version reflects the effects of dividend reinvestment. Finally, the net total return version reflects the effects of dividend reinvestment after the deduction of withholding tax.

Annual Returns

[8]
Year Price return Total return Net total return
2017 14.45% 16.24% 15.70%
2016 18.73% 20.74% 20.13%
2015 −3.71% −2.18% −2.64%
2014 8.19% 9.77% 9.29%
2013 31.57% 33.50% 32.92%
2012 16.07% 17.88% 17.33%
2011 −3.10% −1.73% −2.14%
2010 24.85% 26.64% 26.10%
2009 35.00% 37.38% 36.66%
2008 −37.28% −36.23% −36.55%
2007 6.69% 7.98% N/A
2006 8.99% 10.32% N/A
2005 11.27% 12.56% N/A
2004 15.16% 16.48% N/A
[9]

Components

{{main|List of S&P 400 companies}}

See also

  • S&P 1500
  • S&P 500
  • S&P 600
  • Russell Midcap Index

References

1. ^{{cite web|url= http://us.spindices.com/indices/equity/sp-400|title=S&P 400 Overview|accessdate=January 20, 2013|publisher=S&P/Dow Jones Indices LLC}}
2. ^{{cite web|url= http://us.spindices.com/documents/methodologies/methodology-sp-us-indices.pdf|title=S&P U.S. Indices Methodology|publisher=Standard & Poor's|accessdate=16 December 2017}}
3. ^{{cite web|url=https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/101753_111mktcaprange6openhitt.pdf |format=PDF |title=U.S. Market Cap Guidelines Updated and Constituent Changes Announced for the S&P SmallCap 600 |publisher=S & P Dow Jones Indices|date=July 16, 2014 |accessdate=2015-11-28}}
4. ^[https://www.spdrs.com/product/fund.seam?ticker=MDY MDY - SPDR S&P MidCap 400 ETF] State Street Global Advisors (SSgA)
5. ^{{cite web |url=https://personal.vanguard.com/us/funds/snapshot?FundId=3342&FundIntExt=INT |title=Vanguard S&P Mid-Cap 400 ETF}}
6. ^iShares Core S&P Mid-Cap ETF (IJH): Overview iShares
7. ^[https://finance.yahoo.com/news/mid-cap-etfs-sweet-spot-123017302.html Mid-Cap ETFs Find a Sweet Spot] Yahoo Finance
8. ^S&P MidCap 400 Factsheet
9. ^https://us.spindices.com/indices/equity/sp-400
{{DEFAULTSORT:SandP 400}}{{stockexchange-stub}}

2 : S&P Dow Jones Indices|American stock market indices

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