Nasdaq OMX Group (NDAQ) has recently announced a few changes to the Nasdaq 100 index as part of their annual rebalancing schedule.

The benchmark will remove stocks such as Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM) from its index composition, while American Airlines Group (AAL – Snapshot Report), Electronic Arts (EA – Analyst Report) and Lam Research (LRCX – Snapshot Report) will be added to the index.

Moreover, the exchange has recently revised its methodology for stock inclusion. The new methodology allows for multiple share classes of index components.  As a result, comcast Corp Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK) shares will be included the index. These changes will be effective from December 22, 2014.

Changes in this index are definitely going to alter the fund composition of ETFs closely tracking the index.