Market Overview

Enphase Energy and Paylocity Set to Join S&P MidCap 400; Core Laboratories and Meredith to Join S&P SmallCap 600

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NEW YORK, April 27, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Friday, May 1:

  • Enphase Energy Inc. (NASD:ENPH) will replace Core Laboratories N.V. (NYSE:CLB) in the S&P MidCap 400, and Core Laboratories will replace Akorn Inc. (NASD:AKRX) in the S&P SmallCap 600. Akorn intends to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code by May 1, 2020 and will no longer be eligible for continued inclusion in the S&P SmallCap 600.
  • Paylocity Holding Corp. (NASD:PCTY) will replace Meredith Corp. (NYSE:MDP) in the S&P MidCap 400, and Meredith will replace Diamond Offshore Drilling Inc. (NYSE:DO) in the S&P SmallCap 600. Diamond Offshore Drilling filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code and is no longer eligible for continued inclusion in the S&P SmallCap 600.

Enphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry. Headquartered in Fremont, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.

Core Laboratories provides reservoir description and production enhancement services and products to the oil and gas industry. Headquartered in Amsterdam, Netherlands, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

Paylocity provides payroll and human capital management software solutions. Headquartered in Schaumburg, IL, the company will be added to the S&P MidCap 400 GICS Application Software Sub-Industry index.

Meredith operates as a diversified media company. Headquartered in Des Moines, IA, the company will be added to the S&P SmallCap 600 GICS Publishing Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – May 1, 2020


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Enphase Energy

Information Technology

Semiconductor Equipment


Paylocity

Information Technology

Application Software

DELETED

Core Laboratories

Energy

Oil & Gas Equipment & Services


Meredith

Communication Services

Publishing



S&P SMALLCAP 600 INDEX – May 1, 2020


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Core Laboratories

Energy

Oil & Gas Equipment & Services


Meredith

Communication Services

Publishing

DELETED

Akorn

Health Care

Pharmaceuticals


Diamond Offshore Drilling

Energy

Oil & Gas Drilling

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

Index Governance Inquiries
IGCC@spglobal.com

Cision View original content:http://www.prnewswire.com/news-releases/enphase-energy-and-paylocity-set-to-join-sp-midcap-400-core-laboratories-and-meredith-to-join-sp-smallcap-600-301047897.html

SOURCE S&P Dow Jones Indices

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