The term S&P 1500 Composite Pure Growth refers to an index that includes a subset of the securities found in the S&P 400, S&P 500, and S&P 600 Indices. The S&P 1500 Pure Growth is published and maintained by S&P Dow Jones Indices.
The S&P 1500 is a composite index that includes securities that account for 90% of the total market capitalization of the United States' stocks. The index includes small, mid and large cap stocks. The S&P 1500 Pure Growth is a subset of the securities appearing in the S&P 1500, which includes the S&P 500, S&P 400, and S&P 600 indices. It is also a subset of the S&P 1500 Growth index and represents those stocks with the highest growth potential.
The components of this index were selected based on their growth potential with respect to sales, earnings relative to price, and momentum. These three criteria determine the security's growth score, which is used when selecting securities for inclusion in the Pure Growth Index. First launched on December 16, 2005, the index is made up of approximately 350 securities. The composite is designed to provide investors with a measure of the performance of U.S. growth equities. The performance of the index can be tracked using the stock ticker SPUSCPG.