FT Russell Reconstitution

I have been trying to get my head around the initial inclusion on 5EA to the Russell list in general and what that means

So for the FT Russell Reconstitution announcement 5EA are included in the initial 3000 list

As per the announcement below:
https://www.ftserussell.com/resources/russell-reconstitution

Nice to see 5EA featuring first on the list......
https://content.ftserussell.com/sites/default/files/ru3000_additions_20220610.pdf

Key dates are as follows:

June is the month that the preliminary reconstitution portfolio is communicated to the marketplace. Beginning on June 3, preliminary lists will be communicated to the marketplace and updates will be provided on June 10, 17, and 24. The newly reconstituted indexes will take effect after the market close on June 24

5EA is included in the initial 3000 list

Any changes to above will be provded on June 10, 17 and 24

https://www.ftserussell.com/products/index-notices/home/getnotices/all

As of today we are still on the 3000 list and barring anything major we will remain

How the lists are calculated:

https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf

So it's basically based on MC.

As an example of 2021 :

https://www.cmegroup.com/openmarkets/equity-index/2021-russell-index-reconstitution-results.html

The smallest company in the Russell 2000 (Velocity Financial) has a total market cap of $257.1 million, an increase of 171.2% from $94.8 million in 2020.

So based on our MC I guess it;s safe to say that 5EA is a shoe-in for the 2000 list.

Obviously this means that after June 24 we definitely will see way bigger volumes with this exposure, fund managers etc,......

Fell free to correct me if I am wrong

GLTA