Measures mid cap stocks that exhibit value characteristics. This is a float adjusted, market cap
weighted index including a selection of securities from the
Wilshire US Mid-Cap Index that meet the Wilshire criteria for value. The index is an excellent
way to evaluate this sector of the market and to gauge the performance of managers focusing on this
- The Wilshire US Mid-Cap Index is divided into growth and value indices by their assignment at
either the large-cap or small-cap level.
- Growth and value is defined by looking at six factors: Price-to-earnings ratio, projected
earnings growth, price-to-book ratio, dividend yield, trailing revenue growth and trailing earnings
- Earnings is not the trailing twelve months' earnings but instead the projected analyst earnings
for the next year as provided by Institutional/Broker/Estimate/Service.
Adjustments and Maintenance
- New stocks are added to the index monthly, as they are added to the Wilshire 5000.
- A security will be excluded from the index when it is removed from the Wilshire 5000.
- Shares outstanding and float factors are adjusted when they are changed in the Wilshire 5000 to
reflect corporate events during the quarter; otherwise, shares outstanding and float factors are
updated once a quarter.