NASDAQ Financial-100

The NASDAQ Financial-100 is a specialty index operated by NASDAQ that follows stocks in the Financial services index. It was created in 1985 as the sister index to the more widely followed NASDAQ-100. As designed by NASDAQ, this index follows companies that engage in banking, insurance, mortgages, securities trading and real estate. It also has, among its components, exchanges, including NASDAQ itself.[1]

Standards for eligibility

To qualify for membership in the index, the following standards must be met:

  • It must engage in one of these categories: banking, insurance, security trading, brokerage, mortgages, debt collection, and real estate.
  • It must be seasoned on the NASDAQ for a period of three months.
  • It must be current in regards to SEC filings.
  • It cannot be in bankruptcy.
  • If a company has multiple classes of stock, all classes that meet minimum market capitalization standards will be included. At this moment, however, all companies in the index have only one class of stock in this index.
  • Unlike the NASDAQ-100 index, there are no minimum weight requirements, and no volume minimums to meet either.

Like the NASDAQ-100, the index is rebalanced annually, only it's done in June. Components that are in the top 100 of financial companies are allowed to remain in the index. If a component is between positions 101 to 125, it is given a year to move into the top 100 of eligible stocks; if it cannot meet this standard, the stock is then dropped. Any component that is not in the top 125 at the time of rebalance is dropped. All vacancies, including those done whenever a corporate action makes a component ineligible, through acquisition or delisting, are filled by the highest ranked component not in the index. Unlike the NASDAQ-100, where changes are announced in advance, changes in the NASDAQ-100 are not made public by NASDAQ.

Components

For the latest component information, please refer to the NASDAQ's website.[2]

  1. AGNC Investment Corp.
  2. American National Insurance Company
  3. Ameris Bancorp
  4. Arch Capital Group Ltd.
  5. Bank OZK
  6. Banner Corporation
  7. BGC Partners, Inc.
  8. BOK Financial Corporation
  9. Brighthouse Financial, Inc.
  10. Capitol Federal Financial, Inc.
  11. Cathay General Bancorp
  12. CenterState Bank Corporation
  13. Chemical Financial Corporation
  14. Cincinnati Financial Corporation
  15. CME Group, Inc.
  16. Colliers International Group Inc.
  17. Columbia Banking System, Inc.
  18. Commerce Bancshares, Inc.
  19. Credit Acceptance Corporation
  20. CVB Financial Corporation
  21. CyrusOne Inc
  22. E*TRADE Financial Corporation
  23. East West Bancorp, Inc.
  24. Enstar Group Limited
  25. Equinix, Inc.
  26. Erie Indemnity Group
  27. Fifth Third Bancorp
  28. First Citizens Bancshares, Inc
  29. First Financial Bancorp
  30. First Financial Bankshares, Inc.
  31. First Hawaiian, Inc.
  32. First Merchants Corporation
  33. First Midwest Bancorp, Inc.
  34. FirstService Corporation
  35. Fulton Financial Corporation
  36. Gaming and Leisure Properties, Inc.
  37. GCI Liberty, Inc.
  38. Glacier Bancorp, Inc.
  39. Hancock Whitney
  40. HealthEquity, Inc.
  41. Home BancShares, Inc.
  42. Hope Bancorp, Inc.
  43. Huntington Bancshares Incorporated
  44. IBERIABANK Corporation
  45. IHS Markit Ltd.
  46. Independent Bank Corp.
  47. Independent Bank Group
  48. International Bancshares Corporation
  49. Investors Bancorp, Inc.
  50. Lamar Advertising Company
  51. LegacyTexas Financial Group, Inc.
  52. LendingTree, Inc.
  53. Liberty Broadband Corporation
  54. LPL Financial Holdings Inc.
  55. MarketAxess Holdings, Inc.
  56. Nasdaq, Inc.
  57. National General Holdings Corp
  58. Navient Corporation
  59. NBT Bancorp Inc.
  60. Newmark Group
  61. Northern Trust Corporation
  62. Northwest Bancshares, Inc.
  63. Old National Bancorp
  64. Pacific Premier Bancorp
  65. PacWest Bancorp
  66. People's United Financial, Inc.
  67. Pinnacle Financial Partners, Inc.
  68. Popular, Inc.
  69. PotlachDeltic Corporation
  70. Principal Financial Group
  71. Renasant Corporation
  72. Retail Opportunity Investments Corp.
  73. Sabra Health Care REIT
  74. SBA Communications Corp.
  75. SEI Investments Company
  76. Selective Insurance Group, Inc.
  77. ServisFirst Bancshares, Inc.
  78. Signature Bank
  79. Simmons First National Corporation
  80. SLM Corporation
  81. South State Corporation
  82. SVB Financial Group
  83. T. Rowe Price Group, Inc.
  84. TD Ameritrade Holding Corporation
  85. Texas Capital Bancshares, Inc.
  86. TFS Financial Corporation
  87. The Navigators Group, Inc.
  88. Towne Bank
  89. Trustmark Corporation
  90. UMB Financial Corporation
  91. Umpqua Holdings Corporation
  92. Union Bankshares
  93. United Bankshares, Inc.
  94. United Community Banks, Inc.
  95. Uniti Group Inc.
  96. Washington Federal, Inc.
  97. Willis Towers Watson
  98. Wintrust Financial Corporation
  99. Zillow Group, Inc.
  100. Zions Bancorporation

References

  1. ↑ "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
  2. ↑ "Flash Quotes - Nasdaq Financial-100". Nasdaq.com. Retrieved 19 September 2015.
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