FABLS Stock Index & MFABLS Stock index

GSA reintroduced the FABLS Stock Index (FABLS) (originally created in 1998) and introduced the Mini Fabless Stock Index (mFABLS) to support the organization's hypothesis that fabless stocks are viable for long-term investing – especially during an economic downturn. The FABLS Index includes public fabless companies that meet or exceed a market capitalization criterion of $500 million, and a new Mini FABLS (mFABLS) includes public fabless companies with market capitalization between $100 million and $500 million.

About FABLS & mFABLS

The Fabless Stock Index (FABLS) and Mini FABLS (mFABLS) are price-weighted indexes composed of fabless semiconductor companies with minimum market capitalization requirements. These Indexes are not publicly traded. The Index began at 100 on January 2, 2008.

FABLS Eligibility: To be listed on the FABLS Stock Index, semiconductor companies must follow the fabless business model (at least 75% of wafers are outsourced), be a publicly traded company on an American stock exchange and meet or exceed a market capitalization of $500 million or higher for two consecutive quarters. Should the market capitalization fall below $500 million for two consecutive quarters, that company will be delisted from the Index. Company listing/delisting occurs at the beginning of each calendar year quarter.

mFABLS Eligibility: To be listed on the mFABLS Stock Index, semiconductor companies must follow the fabless business model (at least 75% of wafers are outsourced), be a publicly traded company on an American stock exchange and meet or exceed a market capitalization range of $100 million to $500 million for two consecutive quarters. Should the market capitalization fall below $100 million for two consecutive quarters, that company will be delisted from the Index. Company listing/delisting occurs at the beginning of each calendar year quarter.

How is the Index Weighted? The FABLS Index and mFABLS Index are price-weighted and represent the purchase of equal share amounts of each company listed in the Index. The Index therefore reflects equal price movements in the stocks, without regard for market capitalization.