AppFolio, Inc. has been added to both the Russell 1000 Growth-Defensive Index and the Russell 1000 Defensive Index. These inclusions reflect AppFolio's market position and financial characteristics that align with the criteria for these prominent indices.
The Russell 1000 Growth-Defensive Index is designed to capture companies with both growth characteristics and defensive attributes, while the Russell 1000 Defensive Index focuses on companies exhibiting lower volatility and stable earnings. Inclusion in these indices can broaden the company's investor base.
Membership in the Russell indices is determined annually and is based on a combination of market capitalization and investment style. This addition can lead to increased exposure among institutional investors who track or invest in these benchmarks.
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