Dual Commencement: The Russell Index Shift to Semi-Annual Rebalancing June is typically reserved for graduation processionals, with the "Pomp and Circumstance March No. 1 in D†blaring from PA systems or high-fidelity systems (depending on how well-funded the school is). Befittingly, it's also a month where the Russell 2000 is rebalanced, allowing for index "graduates†to move up to the Russell 1000. Now, graduation will take place twice a year. Key Takeaways For the first time in 37 years, the Russell rebala ...