LifeVantage Corporation announced it has been added to the Russell 3000® Index following the annual reconstruction, effective after the market opened on July 1.
Annual reconstitution of the Russell US Indexes captures the 4,000 largest US stocks as of May 10, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and style attributes.
“We’re pleased to be included in the Russell 3000 Index,” said LifeVantage President and Chief Executive Officer Darren Jensen. “This inclusion reflects our commitment to building shareholder value through growth across our U.S. and global platform, driven by successful execution of our product, customer and geographical expansion initiatives.”
The Russell US Indexes are widely used by investment managers and institutional investors for passive funds and investment products and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell’s suite of index offerings.