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500 is the target, not a hard requirement. The current SP500 index is comprised of 503 constituents. I’m also pretty sure S&P doesn’t maintain a ‘S&P 500 Softw
by bts89 8mo ago
500 is the target, not a hard requirement. The current SP500 index is comprised of 503 constituents.
I’m also pretty sure S&P doesn’t maintain a ‘S&P 500 Software & Services Index‘.
There is a ‘S&P Software & Services Select Industry Index’ with 140 constituents. That’s probably the index in question.
- zahlman 8mo agoRight; so if it's not "the software and services subset of S&P 500", then TFA was mistaken in including "500" in the name. That's what I was trying to establish. Either that, or there really are 140/503 software and service companies, and I learned something surprising.
- bts89 8mo agoAgreed. It’s likely just a typo.