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 exchanges among its components, 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, but 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 Financial-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. Atlantic Union Bankshares
  6. Bank OZK
  7. Banner Corporation
  8. BOK Financial Corporation
  9. Brighthouse Financial, Inc.
  10. Capitol Federal Financial, Inc.
  11. CareTrust REIT
  12. Cathay General Bancorp
  13. Cincinnati Financial Corporation
  14. CME Group, Inc.
  15. Colliers International Group Inc.
  16. Columbia Banking System, Inc.
  17. Columbia Financial
  18. Commerce Bancshares, Inc.
  19. Credit Acceptance Corporation
  20. CVB Financial Corporation
  21. CyrusOne Inc
  22. East West Bancorp, Inc.
  23. eHealth, 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. FirstCash, Inc.
  35. FirstService Corporation
  36. Fulton Financial Corporation
  37. Gaming and Leisure Properties, Inc.
  38. Glacier Bancorp, Inc.
  39. Hamilton Lane
  40. Hancock Whitney
  41. Home BancShares, Inc.
  42. Huntington Bancshares Incorporated
  43. Independent Bank Corp.
  44. Independent Bank Group
  45. Interactive Brokers
  46. International Bancshares Corporation
  47. Investors Bancorp, Inc.
  48. Kinsale Capital Group
  49. Lamar Advertising Company
  50. LendingTree, Inc.
  51. LPL Financial Holdings Inc.
  52. MarketAxess Holdings, Inc.
  53. Nasdaq, Inc.
  54. National General Holdings Corp
  55. Navient Corporation
  56. Northern Trust Corporation
  57. Old National Bancorp
  58. Pacific Premier Bancorp
  59. PacWest Bancorp
  60. People's United Financial, Inc.
  61. Pinnacle Financial Partners, Inc.
  62. Popular, Inc.
  63. PotlatchDeltic
  64. Principal Financial Group
  65. Redfin, Inc.
  66. Regency Centers Corporation
  67. Renasant Corporation
  68. Retail Opportunity Investments Corp.
  69. Sabra Health Care REIT
  70. SBA Communications Corp.
  71. SEI Investments Company
  72. Selective Insurance Group, Inc.
  73. ServisFirst Bancshares, Inc.
  74. Signature Bank
  75. Simmons First National Corporation
  76. SLM Corporation
  77. South State Corporation
  78. SVB Financial Group
  79. T. Rowe Price Group, Inc.
  80. TCF Financial Corporation
  81. Texas Capital Bancshares, Inc.
  82. TFS Financial Corporation
  83. The Carlyle Group
  84. Towne Bank
  85. Trustmark Corporation
  86. UMB Financial Corporation
  87. Umpqua Holdings Corporation
  88. United Bankshares, Inc.
  89. United Community Banks, Inc.
  90. Uniti Group Inc.
  91. Valley National Bancorp
  92. Virtu Financial
  93. Washington Federal, Inc.
  94. WesBanco, Inc.
  95. Westamerica Bancorporation
  96. Wintrust Financial Corporation
  97. WSFS Financial Corporation
  98. XP Inc.
  99. Zillow Group, Inc.
  100. Zions Bancorporation
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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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