Security National Financial Corporation Set To Join Russell 3000 Index

Author: Happy Mohamed | June 27, 2023 12:41pm

 Security National Financial Corporation (SNFCA) joined the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitutions, effective after the US market opened on June 26, 2023.
 

The annual Russell reconstitutions capture the 4,000 largest US stocks as of April 28th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Scott Quist, President and Chairman of the Board for Security National Financial Corporation stated: "Security National has always strived to provide strong returns for our investors and provide an investment vehicle that is stable. The inclusion of Security National in the Russell 3000 this year is evidence of our continued efforts."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. This is the second time that Security National has been added to the Russell 3000 index. Security National was also added to the Russell 3000 index in June 2020, until its reconstitution in June 2021.

For more information on the Russell 3000® Index and the Russell indexes reconstitutions, go to the "Russell Reconstitution" section on the FTSE Russell website.

Posted In: SNFCA