The term S&P 1500 Composite Pure Value 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 Value is published and maintained by S&P Dow Jones Indices.
The S&P 1500 is a composite index that includes securities which 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 Value 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 Value index and represents those stocks with the highest value potential as measured by S&P's Style Indices Methodology.
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 Pure Value Index. First launched on December 16, 2005, the index is made up of approximately 360 securities. The composite is designed to provide investors with a measure of the performance of U.S. value equities. The performance of the index can be tracked using the stock ticker SPUSCPV.