The term S&P 1000 Pure Value refers to an index that includes a subset of the securities found in the S&P 400 and S&P 600 Indices. The S&P 1000 Pure Value is published and maintained by S&P Dow Jones Indices.
The S&P 1000 is a composite index that includes small and mid-cap stocks in the United States' market. The S&P 1000 Pure Value is a subset of the securities appearing in the S&P 1000, which includes the S&P 400 and S&P 600 indices.
The components of this index were selected based on their value potential with respect to sales, earnings relative to price, and momentum. These three criteria determine the security's value score, which is used when selecting securities for inclusion in the Value Index. First launched on December 16, 2005, the index is made up of approximately 250 securities. The composite is designed to provide investors with a measure of the performance of small to mid-sized U.S. value equities. The performance of the index can be tracked using the stock ticker SPUSTPV.