PVH Set To Join S&P 500; Big Lots, CommVault & Primerica Set to Join S&P MidCap 400; Titan International to Join S&P SmallCap 600

NEW YORK, Feb. 7, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and the S&P SmallCap 600 indices:

  • S&P MidCap 400 constituent PVH Corp. (NYSE: PVH) will replace Big Lots Inc. (NYSE: BIG) in the S&P 500, Big Lots will replace PVH in the S&P MidCap 400, S&P SmallCap 600 constituent CommVault Systems Inc. (NASDAQ: CVLT) will replace The Warnaco Group Inc. (NYSE: WRC) in the S&P MidCap 400, and Titan International Inc. (NYSE: TWI) will replace CommVault Systems in the S&P SmallCap 600 after the close of trading on a date to be announced. PVH is acquiring Warnaco Group in a deal expected to be completed soon pending final approvals. Big Lots has a market capitalization below $2 billion, making it more representative of the mid-cap market space.
  • Primerica Inc. (NYSE: PRI) will replace The Shaw Group Inc. (NYSE: SHAW) in the S&P MidCap 400 after the close of trading on Tuesday, February 12. Chicago Bridge & Iron Company N.V. (NYSE: CBI) is acquiring Shaw Group in a transaction expected to be completed on or about that date pending final approvals.

PVH is an apparel company. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.

Big Lots operates as a broadline closeout retailer. Headquartered in Columbus, OH, the company will be added to the S&P MidCap 400 GICS General Merchandise Stores Sub-Industry index.

CommVault Systems provides data and information management software applications and related services. Headquartered in Oceanport, NJ, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.

Titan International manufactures and sells wheels, tires, and assemblies for off-highway vehicles. Headquartered in Quincy, IL, the company will be added to the S&P SmallCap 600 GICS Construction & Farm Machinery & Heavy Trucks Sub-Industry index.

Primerica distributes financial products to middle income households. Headquartered in Duluth, GA, the company will be added to the S&P MidCap 400 GICS Life & Health Insurance Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – February 12, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Primerica

Financials

Life & Health Insurance

DELETED

The Shaw Group

Industrials

Construction & Engineering


S&P 500 INDEX – TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PVH

Consumer Discretionary

Apparel Accessories & Luxury Goods

DELETED

Big Lots

Consumer Discretionary

General Merchandise Stores


S&P MIDCAP 400 INDEX – TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Big Lots

Consumer Discretionary

General Merchandise Stores


CommVault Systems

Information Technology

Systems Software

DELETED

PVH

  Consumer Discretionary

Apparel Accessories & Luxury Goods


Warnaco

Consumer Discretionary

Apparel Accessories & Luxury Goods


S&P SMALLCAP 600 INDEX – TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Titan International

Industrials

Construction & Farm Machinery & Heavy Trucks

DELETED

CommVault Systems

Information Technology

Systems Software

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 AverageSM, 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



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