Summary

• Russell US Indexes' June 2026 reconstitution delivers notable style shifts among major US equities, reflecting evolving fundamentals and market conditions.
• Alphabet and Advanced Micro Devices transition to 100% growth, while Amazon.com shifts further into value at 92% value versus 27% last year.
• Apple and Microsoft move from pure growth to blended profiles, now split nearly evenly between growth and value in the Russell 1000 Index.
• Micron Technology, Sandisk, and Caterpillar become 100% growth stocks, highlighting continued momentum in semiconductors and hardware amid AI-driven trends.

By Catherine Yoshimoto, Director, Product Management, Benchmark Product Development, FTSE Russell

The Russell US Indexes are reconstituted on a semi-annual basis to reflect changes in the investable US equity market. While much of the attention