BATS 1000® Index
The BATS 1000 Index serves as a market directional index and was created to illustrate a unique perspective on current market conditions.
The BATS 1000 Index is comprised of 10 sectors with 100 U.S. equities in each sector. The 10 sectors were weighted equally at inception. The sectors are re-weighted annually at reconstitution. Equities are classified into sectors using the Better Alternative Sector Exposure Standard (BASESSM). The inception date was July 1, 2009, and the base value was 10,000.
Please see the BATS 1000 Index Methodology for more information on its design.
BATS 1000® Index 2014 Reconstitution Modifications
The BATS 1000 is rebalanced on an annual basis to assign an equal weighting to each of its 10 sectors. By re-weighting the Index on an annual basis so that each sector constitutes 10% of the Index, the BATS 1000 captures the overall mood and market disposition more effectively, instead of allowing one sector to drive the index up or down dramatically. Following is a list of the companies added to and removed from the BATS 1000 Index during 2014 reconstitution. These changes are effective prior to the market open on Tuesday, July 1, 2014.
Removed from Index
Added to Index
|Sector||Symbol||Company Name||Symbol||Company Name|
|Financials||AXS||Axis Capital Holdings Ltd||FNF||Fidelity National Financial Inc|
|PBCT||People's United Financial Inc||GNW||Genworth Financial Inc|
|Business Services||SREV||ServiceSource International Inc||WEX||WEX Inc|
|Consumer Services||BYI||Bally Technologies Inc||NWSA||News Corp|
|DSW||DSW Inc||RAD||Rite Aid Corp|
|TFM||Fresh Market Inc/The||NCLH||Norwegian Cruise Line Holdings Ltd|
|Alternative||AREX||Approach Resources Inc||ENLC||EnLink Midstream LLC|
|ACI||Arch Coal Inc||SCTY||SolarCity Corpp|
|ANR||Alpha Natural Resources Inc||LNCO||LinnCo LLC|
|IO||ION Geophysical Corp||PBF||PBF Energy Inc|
|SFY||Swift Energy Co||GTAT||GT Advanced Technologies Inc|
|WLT||Walter Energy Inc||PDCE||PDC Energy Inc|
|FST||Forest Oil Corp||BCEI||Bonanza Creek Energy Inc|
|Healthcare||HMSY||HMS Holdings Corp||Q||Quintiles Transnational Holdings Inc|
|ARIA||ARIAD Pharmaceuticals Inc||ITMN||InterMune Inc|
|Consumer Goods||AEO||American Eagle Outfitters Incc||COTY||Coty Inc|
|DF||Dean Foods Co||WWAV||WhiteWave Foods Co/Thec|
|WTW||Weight Watchers International Inc||KATE||Kate Spade & Co|
|Technology||LDOS||Leidos Holdings Inc||PANW||Palo Alto Networks Inc|
|JDSU||JDS Uniphase Corp||SUNE||SunEdison Inc|
|ROVI||Rovi Corp||CDW||CDW Corp/DE|
Sectors with no member changes: Basic Materials, Industrials and Manufacturing, Utilities