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CRSP Market Indexes – PFICs to be Removed from Index Eligibility

Passive Foreign Investment Companies (PFICs), as defined by the IRS, will no longer be eligible for inclusion in the CRSP US Market Indexes. This change will take effect at the September 2025 Ranking.

A company’s PFIC designation will be determined based on credible independent third-party data sources. If a credible third-party data source is not available, the Index Eligibility Committee will make the final determination.

PFICs excluded from CRSP US Market Indexes are not eligible for inclusion for eight rankings after their initial exclusion. To be considered for re-inclusion, a company must have two consecutive annual 10-K filings in which it is not designated as a PFIC.

News & Updates

CRSP Market Indexes Notification – Reminder: Index Name Change Notice

Morningstar Indexes is changing the names of the CRSP Market Indexes. These changes will align the individual index names with the standard Morningstar naming convention. Morningstar will implement the name [...]

CRSP Market Indexes Notification – CRSPMI Secure Website User Experience & URL Update

Morningstar Indexes is changing the names of the CRSP Market Indexes. These changes will align the individual index names with the standard Morningstar naming convention. Morningstar will implement the name [...]

CRSP Market Indexes Notification – Reminder: Index Name Change Notice

Morningstar Indexes is changing the names of the CRSP Market Indexes. These changes will align the individual index names with the standard Morningstar naming convention. Morningstar will implement the name [...]

CRSP Market Indexes Notification – Consultation Results: Eligible US Exchanges

Following a consultation on exchange eligibility, CRSP Market Indexes will be adding the Texas Stock Exchange (TXSE) as an approved US listing venue across all indexes. TXSE will be eligible [...]

July 2026 CRSP Market Indexes Methodology Guide Updates

The July 2026 CRSP Market Indexes Methodology Guide is now available at crsp.org/indexes/crsp-market-indexes-methodology. [...]

Introducing the New Home for CRSP Research Data Products

As of June 30, 2026, all CRSP Research Data Products content previously available on crsp.org has been migrated to the new Data section on the Morningstar website. This transition reflects [...]

CRSP Market Indexes Notification – Reminder: Index Name Change Notice

Morningstar Indexes is changing the names of the CRSP Market Indexes. These changes will align the individual index names with the standard Morningstar naming convention. Morningstar will implement the name [...]

Big IPO Energy: Making Room for Mega IPOs

From Eligibility to Inclusion: Bringing Clarity to the Mega IPO Debate The debate around mega IPO entry into broad market index families has highlighted how easily key distinctions between index [...]

CME Group and Morningstar Announce Exclusive Index Derivatives Licensing Agreement

Morningstar, a leading provider of independent investment insights, along with CME Group, the world's leading derivatives marketplace, today announced that they have entered into a multi-year licensing agreement for CME [...]
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