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The S&P 1500 Index is a broad equity index. The S&P 1500 Index is weighted by market capitalization. The S&P 1500 Index is based on the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices. Thus, the S&P 1500 Index includes the top large cap, mid cap and small cap stocks, representing about 85% of the entire U.S. equity market. The S&P 1500 Index is also referred to as the S&P 1500 Composite Index. The S&P 1500 index is calculated by Standard & Poor's in accordance with published specifications. The S&P 1500 Index is reconstituted on an as needed basis by S&P economists, index experts, and members of the S&P Index Committee. In 2005, Standard & Poor's developed sub indices to the S&P 1500 Index. The S&P 1500 sub-indices are part of the S&P U.S. Style series. The S&P 1500 sub-indices are listed as S&P Composite 1500/Citigroup growth and value indices.
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