XL Fleet Added to Membership of Russell 3000® and U.S. Small Cap Russell 2000® Indexes

The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions has been added to the Russell 3000® Index and the U.S. Small Cap Russell 2000® Index effective after the U.S. markets open on June 28, 2021.

The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index and Russell 2000® Index remains in place for one year.

“This exciting milestone exemplifies the success we have achieved to date and highlights the significant ongoing growth opportunities ahead of us in helping to electrify the commercial fleet industry,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “I am proud of our entire team whose collective efforts have positioned us to become part of this community, and look forward to the enhanced investor visibility that we expect from our inclusion in Russell’s world-class market index.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on Russell indexes and reconstitution, please visit the “Russell Reconstitution” section on the FTSE Russell website.

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