MSCI U.S. Large Cap Value Index

Definition

The term MSCI U.S. Large Cap Value Index refers to a composite that includes large cap companies located in the United States with favorable value profiles.  The MSCI U.S. Large Cap Value Index is published and maintained by Morgan Stanley Capital International (MSCI).

Explanation

The MSCI U.S. Large Cap Value Index is a subset of the securities found in the MSCI U.S. Large Cap 300.  The index is designed to measure the performance of the large capitalization companies in the United States equities market that also exhibit an overall value style. The three variables used when determining if a company exhibits this value style include: book value to price ratio, 12-month forward earnings to price ratio, and dividend to price ratio (dividend yield).

First launched on March 27, 2003, the MSCI U.S. Large Cap Value Index contains approximately 160 constituents, and is a subset of the securities found in the MSCI U.S. Large Cap 300, which includes companies that are selected based on float-adjusted market capitalization.  All MSCI market capitalization indexes are fully reviewed at the end of May and November.  Partial reviews take place in February and August.  The performance of this index can be monitored via Bloomberg's real time ticker symbol MZUSLV.

Related Terms

MSCI U.S. Mid Cap Growth Index, MSCI U.S. Mid Cap 450 Index, MSCI U.S. Large Cap Growth Index, MSCI U.S. Large Cap 300 Index