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AbbVie Set to Join S&P 100 & 500; Federated Investors Set to Join S&P MidCap 400; ITT Educational Services & Procera Networks to



 AbbVie Set to Join S&P 100 & 500; Federated Investors Set to Join S&P MidCap
  400; ITT Educational Services & Procera Networks to Join S&P SmallCap 600

PR Newswire

NEW YORK, Dec. 20, 2012

NEW YORK, Dec. 20, 2012 /PRNewswire/ -- S&P Dow Jones Indices will make the
following changes to the S&P 100, 500, MidCap 400 and SmallCap 600 indices
after the close of trading on Monday, December 31:

  o AbbVie Inc. (NYSE:ABBVwi) will replace Dell Inc. (NASD:DELL) in the S&P
    100, and Federated Investors Inc. (NYSE:FII) in the S&P 500. Federated
    will replace ITT Educational Services Inc. (NYSE:ESI) in the S&P MidCap
    400, and ITT Educational Services will replace NCI Inc. (NASD:NCIT) in the
    S&P SmallCap 600. S&P 100 and 500 constituent Abbott Laboratories
    (NYSE:ABT) is spinning off AbbVie in a transaction expected to be
    completed after the close of trading on December 31. The Abbott
    Laboratories stub will remain in the S&P 100 and 500. Dell has a market
    capitalization below $18.5 billion and is no longer representative of the
    mega-cap market space.  Federated Investors' market capitalization is
    below $2.2 billion, making it more representative of the mid-cap market
    space, and ITT Educational Services' market capitalization is below $450
    million making it more representative of the small-cap market space. NCI
    Corp.is ranked #600 in the S&P SmallCap 600.
  o Procera Networks, Inc. (NASD:PKT) will replace Presidential Life Corp.
    (NASD:PLFE) in the S&P SmallCap 600. Athene Holding Ltd. is acquiring
    Presidential Life in a deal expected to be completed soon pending final
    approvals.

AbbVie engages in the discovery, development, manufacture, and sale of
pharmaceuticals and biologics. Headquartered in North Chicago, IL, the company
will be added to the S&P 500 GICS (Global Industry Classification Standard)
Pharmaceuticals Sub-Industry index.

Federated Investors is an asset management company. Headquartered in
Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Asset
Management & Custody Banks Sub-Industry index.

ITT Educational Services provides postsecondary degree programs. Headquartered
in Carmel, IN, the company will be added to the S&P SmallCap 600 GICS
Education Services Sub-Industry index.

Procera Networks provides intelligent policy enforcement solutions that enable
mobile and broadband network operators and entities to manage private
networks. Headquartered in Fremont, CA, the company will be added to the S&P
SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

S&P 100 INDEX – December 31, 2012
        COMPANY GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   AbbVie  Health Care            Pharmaceuticals
DELETED Dell    Information Technology Computer Hardware

 

S&P 500 INDEX – December 31, 2012
        COMPANY             GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED   AbbVie              Health Care          Pharmaceuticals
DELETED Federated Investors Financials           Asset Management & Custody
                                                 Banks

 

S&P MIDCAP 400 INDEX – December 31, 2012
        COMPANY             GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   Federated Investors Financials             Asset Management & Custody
                                                   Banks
DELETED ITT Educational     Consumer Discretionary Education Services
        Services

 

S&P SMALLCAP 600 INDEX – December 31, 2012
        COMPANY           GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   ITT Educational   Consumer Discretionary Education Services
        Services
        Procera Networks  Information Technology Communications Equipment
DELETED NCI               Information Technology IT Consulting & Other
                                                 Services
        Presidential Life Financials             Life & Health Insurance

Additions to and deletions from S&P  Dow Jones Indices do not in any way
reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the
world's largest, global resource for index-based concepts, data and research.
Home to iconic financial market indicators, such as the S&P 500^® and the Dow
Jones Industrial Average^SM, S&P Dow Jones Indices LLC has over 115 years of
experience constructing innovative and transparent solutions that fulfill the
needs of institutional and retail investors. More assets are invested in
products based upon our indices than any other provider in the world. With
over 830,000 indices covering a wide range of assets classes across the globe,
S&P Dow Jones Indices LLC defines the way investors measure and trade the
markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC,
Dow Jones, and their respective affiliates, parents, subsidiaries, directors,
officers, shareholders, employees and agents (collectively "S&P Dow Jones
Indices") does not sponsor, endorse, sell, or promote any investment fund or
other vehicle that is offered by third parties and that seeks to provide an
investment return based on the returns of any S&P Dow Jones Indices index.
This document does not constitute an offer of services in jurisdictions where
S&P Dow Jones Indices or its affiliates do not have the necessary licenses.
S&P Dow Jones Indices receives compensation in connection with licensing its
indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's
Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones")

For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com
(201) 755-5334

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com 
(917) 376-1204

SOURCE S&P Dow Jones Indices

Website: http://www.spdji.com
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