Security National Financial Corporation set to join Russell 3000® Index
30 June 2020 - 1:30AM
Security National Financial Corporation (SNFCA) joined the
broad-market Russell 3000® Index at the conclusion of the 2020
Russell indexes annual reconstitution, effective after the US
market opens today.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 8, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Scott Quist, President and Chairman of the Board for Security
National Corporation, stated, “Security National has always strived
to provide strong returns for our investors and provide an
investment vehicle that is stable. Since the Company went public in
1987 we feel it has succeeded in that endeavor. The acceptance into
the Russell 3000 is evidence of that.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Security National Financial
Corporation:
Founded in 1965, Security National Financial Corporation
operates in three business segments. The Company sells and services
selected lines of life insurance, annuity products, and accident
and health insurance, operates cemeteries in Utah and California
and mortuaries in Utah and Arizona, and originates and underwrites
residential and commercial loans for new construction and existing
homes.
About FTSE Russell:FTSE Russell is a leading
global index provider creating and managing a wide range of
indexes, data and analytic solutions to meet client needs across
asset classes, style and strategies. Covering 98% of the investable
market, FTSE Russell indexes offer a true picture of global
markets, combined with the specialist knowledge gained from
developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $16
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create investment funds, ETFs,
structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com Contact: Brian
Nelsen or Garrett S. SillSecurity National Financial
CorporationP.O. Box 57250Salt Lake City, Utah 84157(Telephone)
(801) 264-1060(Fax) (801) 265-9882Website:
www.securitynational.com
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