Poll Position: Performance Of The S&P MidCap 400 Around Mid-Term Elections

• S&P 400 (mid-cap) sources 74.6% of revenue domestically, more than S&P 500 (71.0%) or S&P 600 (71.5%) • S&P MidCap 400 outperformed S&P 500 in four of the last five six-month periods after mid-term elections • Distinct revenue exposure and historical election-cycle performance set mid-caps apart from large- and small-caps The S&P 500, S&P MidCap 400 and S&P SmallCap 600 track the large-, mid- and small-cap segments of the U.S. equity market. On a sales-weighted basis, the S&P 400 has the highest domestic revenue exposure of the three, with 74.6% of sales sourced from the U.S., compared with 71.0% for the S&P 500 and 71.5% for the S&P 600. Historical performance around mid-term elections illustrates how the S&P MidCap 400's distinct characteristics can produce different outcomes than its large- and small-cap counterparts: the index has outperformed the S&P 500 in four of the past five six-month periods following mid-term elections.