July 1 (Reuters) - Trump Media & Technology Group ( DJT )

, which owns social media platform Truth Social, said on

Monday it has been added to the Russell Indexes as part of their

annual reconstitution.

The Russell Indexes include the Russell 1000 index of

large-cap stocks and the Russell 2000 index of small-cap

names, which together make up the Russell 3000

index. In addition, there are style indexes such as the Russell

1000 growth and Russell 2000 value.

Trump Media ( DJT ) has been included in the Russell 1000 and

Russell 3000 indexes, effective after the U.S. market closed on

June 28.

While some index providers choose to constantly refresh

their indexes to keep a fixed amount of components in them, FTSE

Russell only reconstitutes once per year, with the exception of

adding initial public offerings on a quarterly basis.

This annual selection prompts fund managers and investors to

adjust their portfolios to reflect the new weightings and

components.