DEFINITION of 'S&P 500/Citigroup Growth Index'

A market-capitalization-weighted index developed by Standard and Poor's consisting of those stocks within the S&P 500 Index that exhibit strong growth characteristics. The S&P 500/Citigroup Growth Index is a numerical ranking system based on three growth factors and four value factors to determine the constituents and their weightings.

BREAKING DOWN 'S&P 500/Citigroup Growth Index'

The growth factors include:
1. Five-year earnings per share growth rate
2. Five-year sales per share growth rate
3. Five-year internal growth rate

The value factors include:
1. Book value to price ratio
2. Cash flow to price ratio
3. Sales to price ratio
4. Dividend yield

Growth and value style scores are calculated based on the standardized factors.

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