Also known as: IAIQ Index (Bloomberg) · IAIQ (Indxx code)
At a glance
- Weighting schemeCapped market cap
- Review frequencySemi-annual
- Constituent count85
- Single cap3
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 9 fields | |||
| Return version | Net Total Return | The index is currently available in the following version: Net Total Return (Bloomberg Ticker: IAIQ)Open p.3 ↗ |
The index is currently available in a Net Total Return version. |
| Index name | Indxx Artificial Intelligence & Big Data Index | The Indxx Artificial Intelligence & Big Data Index is designed to track the performance of companies listed or incorporated in developed marketsOpen p.3 ↗ |
The official index name is the Indxx Artificial Intelligence & Big Data Index. |
| Index short name | IAIQ | The index is currently available in the following version: Net Total Return (Bloomberg Ticker: IAIQ)Open p.3 ↗ |
The Net Total Return version uses Bloomberg ticker IAIQ. |
| Index family | Indxx Artificial Intelligence & Big Data Index | INDXX ARTIFICIAL INTELLIGENCE & BIG DATA INDEX METHODOLOGYOpen p.1 ↗ |
The methodology is for the Indxx Artificial Intelligence & Big Data Index family. |
| Base date | 2014-01-31 | The index has a base date of January 31, 2014 with an initial value of 1,000.Open p.3 ↗ |
The index has a base date of January 31, 2014. |
| Base value | 1,000 | The index has a base date of January 31, 2014 with an initial value of 1,000.Open p.3 ↗ |
The index's initial base value was 1,000. |
| Objective | Tracks the performance of companies listed or incorporated in developed markets positioned to benefit from AI development and utilization, AI-related hardware for Big Data analysis, AI applications, AIaaS, AI hardware, and quantum computing. | The Indxx Artificial Intelligence & Big Data Index is designed to track the performance of companies listed or incorporated in developed markets that are positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technologyOpen p.3 ↗ |
The index is designed to track developed-market companies positioned to benefit from Artificial Intelligence and Big Data-related products, services, hardware, applications, AIaaS, and quantum computing. |
| Market classification | Developed | track the performance of companies listed or incorporated in developed markets that are positioned to benefit from the development and utilization of Artificial IntelligenceOpen p.3 ↗ |
The index targets companies listed or incorporated in developed markets. |
| Index family type | Thematic | positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services, as well as companies that produce hardware used in Artificial Intelligence applied for the analysis of Big Data.Open p.3 ↗ |
The index is a thematic index focused on Artificial Intelligence and Big Data. |
| M2 Universe · 5 fields | |||
| Share class selection | Retain existing eligible share class; otherwise prefer ADR, then select the most liquid share class. | If multiple share classes exist for a company, the following preference order is followed: The existing share class /listing in the portfolio is retained if it satisfies all the eligibility criteria of the index.Open p.4 ↗ |
When multiple share classes exist, the existing eligible class is retained, an ADR is preferred, and otherwise the most liquid class is selected. |
| Markets | United States, Canada, Taiwan, South Korea, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Israel, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Australia, Hong Kong, Japan, New Zealand, Singapore, China | Securities with primary listing or incorporation in the following countries are eligible for inclusion: United States, Canada, Taiwan, South Korea, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Israel, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Australia, Hong Kong, Japan, New Zealand, or Singapore.Open p.3 ↗ |
Eligible companies must have a primary listing or incorporation in the specified developed markets; ADRs and GDRs of China-incorporated or China-primary-listed companies are also eligible. |
| Security types | Common, Dr | The following security types are eligible for inclusion: Common Stock ADR GDROpen p.4 ↗ |
Common stock, ADRs, and GDRs are eligible security types. |
| Nationality rule | Eligibility is based on the company's country of primary listing or incorporation; for Chinese companies, ADRs and GDRs are eligible. | Securities with primary listing or incorporation in the following countries are eligible for inclusionOpen p.3 ↗ |
A security is assigned to the eligible country set by primary listing or incorporation, while Chinese companies may enter through ADRs or GDRs. |
| Exclusions | Securities trading at $10,000 or above, except existing constituents | Securities trading at a price of $10,000 or above are ineligible for inclusion in the index. This rule is not applicable for existing constituents.Open p.4 ↗ |
New securities priced at $10,000 or above are ineligible, but existing constituents remain eligible regardless of stock price. |
| M3 Eligibility screens · 6 fields | |||
| Significant IPO definition | An IPO is Significant when its company-level total market capitalization exceeds that of at least 50% of ongoing index constituents as of the previous Reconstitution Selection Day. | An IPO is considered to be a “Significant IPO” if its company level total market capitalization is greater than the company level total market capitalization of at least 50% of the on-going index constituentsOpen p.4 ↗ |
A Significant IPO must have company-level total market capitalization greater than at least 50% of existing index constituents measured on the previous Reconstitution Selection Day. |
| Trading history | Minimum value: 3 calendar months; Exceptions: Significant IPOs must have been listed at least 10 calendar days before the Selection Date | in case of Significant IPOs, the IPO must have been listed at least 10 calendar days prior to the ‘ Selection Date’, and in the case of other IPOs, 3 calendar months prior to the 'Selection Day’.Open p.4 ↗ |
Non-significant IPOs must have been listed for at least 3 calendar months, while Significant IPOs must have been listed for at least 10 calendar days before selection. |
| Liquidity screen | Metric: Average daily value; Window: last 6 months; since IPO launch date for Significant IPOs; Threshold: 2,000,000; Currency: USD; Frequency of trading: 90; Frequency window: last 6 months, or 3 months preceding Selection Day for non-Significant IPOs without six months of history | A minimum average daily turnover for the last 6 months greater than or equal to $2 million for both Category 1 and Category 2.Open p.3 ↗ |
Securities must have average daily turnover of at least $2 million and must trade on 90% of eligible trading days, with special IPO rules. |
| Minimum size | Metric: Full market cap; Threshold: Category 1: 2,000,000,000; Category 2: 500,000,000; Currency: USD | A minimum total market capitalization of $2 billion for Category 1 and $500 million for Category 2. Each category is described in more detail below.Open p.3 ↗ |
Initial-universe securities must have total market capitalization of at least $2 billion for Category 1 or $500 million for Category 2. |
| Minimum free float | 10% | All constituents must meet at least one of the following criteria: (A) minimum free float equivalent to 10% of shares outstanding (or) (B) minimum free float market capitalization of $1 billion.Open p.4 ↗ |
Constituents must have either at least 10% free float or at least $1 billion of free-float market capitalization. |
| Minimum price | 10,000 | Securities trading at a price of $10,000 or above are ineligible for inclusion in the index. This rule is not applicable for existing constituents.Open p.4 ↗ |
Securities trading at $10,000 or above are ineligible for new inclusion, while existing constituents are grandfathered. |
| M4 Selection and constituent count · 9 fields | |||
| Category quota | Category 1: 60; Category 2: 25 | The top 60 securities from Category 1 and top 25 securities from Category 2 will be selected for the final security selection based on their Exposure Score.Open p.8 ↗ |
The final portfolio is selected separately by category, with 60 Artificial Intelligence Developers and 25 Artificial Intelligence and Big Data Analytics Hardware companies. |
| Positive exposure score requirement | Yes | Companies must have a positive Exposure Score to be eligible for inclusion.Open p.8 ↗ |
Companies must have a positive Exposure Score to be eligible for inclusion. |
| Qualifying both categories tie rule | assigned to category in which Exposure Score is higher | In the case that a security qualifies for both inclusion in Category 1 and Category 2, the security will be included in the Category for which it scores higher in the research framework defined below.Open p.4 ↗ |
If a security qualifies for both categories, it is assigned to the category in which it scores higher under the research framework. |
| Factset industry screen | Yes | As of March 2018, Indxx has identified the following FactSet industries to be eligible for selection for the respective categories:Open p.4 ↗ |
Securities must belong to identified FactSet industries for either Category 1 or Category 2, and those industries are reviewed annually. |
| Direct ai exposure requirement | Yes | Only those companies that provide direct exposure to AI or have stated their primary business to be in products and services focused on AI products, services, or utilization are eligible for inclusion in the index.Open p.5 ↗ |
Only companies providing direct AI exposure or stating a primary business focused on AI products, services, or utilization are eligible. |
| Selection method | Rank by metric | Each security that has passed the investable universe criteria will be screened for the FactSet Industries as mentioned below as per their respective categories of Artificial Intelligence Developers (Category 1) and “Artificial Intelligence and Big Data Analytics Hardware” (Category 2).Open p.4 ↗ |
Eligible securities are screened by FactSet industry and direct AI exposure, then ranked and selected using an Exposure Score. |
| Ranking metrics | Name: Exposure Score; Direction: Descending; Step order: 1, Name: ADTV; Direction: Descending; Step order: 2 | Each company will be assigned a final percentage score (“Exposure Score”) based on the composite score that the company receives in its Category, relative to the total possible score of its Category.Open p.7 ↗ |
Companies are ranked by Exposure Score, and tied securities are resolved by the highest ADTV as of the reconstitution date. |
| Target constituent count | 85 | The top 60 securities from Category 1 and top 25 securities from Category 2 will be selected for the final security selection based on their Exposure Score.Open p.8 ↗ |
The index targets 60 securities from Category 1 and 25 securities from Category 2, or fewer if not enough positive-scoring companies are available. |
| Tie break rule | Highest ADTV as of the reconstitution date | If there is a tie-breaker for inclusion among the securities being scored, then the tied securities will be selected for inclusion based on the highest ADTV as of the reconstitution date.Open p.8 ↗ |
If securities are tied for inclusion, the security with the highest ADTV as of the reconstitution date is selected. |
| M5 Weighting and capping · 9 fields | |||
| Low exposure score security cap | Exposure score threshold (%): 20; Cap (%): 1 | Securities with an Exposure Score less than 20% receive a security cap of 1%.Open p.8 ↗ |
Securities with an Exposure Score below 20% receive a 1% security cap. |
| High exposure score security cap | Exposure score threshold (%): 20; Cap (%): 3 | While retaining the 3% limit for securities with an Exposure Score greater than 20% and the 1% limit for securities with an Exposure Score less than 20%.Open p.8 ↗ |
Securities with an Exposure Score greater than 20% retain the 3% security cap. |
| Excess weight redistribution | proportionately distributed among remaining uncapped securities | The excess weight is proportionately distributed among the remaining uncapped securities.Open p.8 ↗ |
Weight removed by capping is proportionately distributed among the remaining uncapped securities. |
| Minimum weight floor | 0.3% | Once the capping for the securities is fulfilled, the securities would be checked for a minimum weight floor of 0.3%. Any security with a weight less than or equal to 0.3% will be given a weight of 0.3%.Open p.8 ↗ |
After capping, any security with weight at or below 0.3% is assigned a 0.3% minimum weight. |
| Floor funding rule | weights of remaining uncapped securities are proportionately reduced | The weights of the remaining uncapped securities will be proportionately reduced. Security-level market capitalization is considered for calculating weights.Open p.8 ↗ |
Weight needed for the 0.3% floor is taken by proportionately reducing the weights of remaining uncapped securities. |
| Weighting scheme | Capped market cap | The Index is modified market cap-weighted at the time of reconstitution with a security cap of 3%.Open p.8 ↗ |
The index is modified market-capitalization weighted at reconstitution, using security-level market capitalization and security-level caps. |
| Weight cap | 3% | The Index is modified market cap-weighted at the time of reconstitution with a security cap of 3%.Open p.8 ↗ |
Securities are generally capped at 3% of the index at reconstitution. |
| Cap application timing | At review | The Index is modified market cap-weighted at the time of reconstitution with a security cap of 3%.Open p.8 ↗ |
The modified market-cap weighting and capping are applied at the time of reconstitution. |
| Divisor adjustment rule | The divisor is adjusted on the corporate-action ex-date so that the index value remains unchanged, based on the difference between the prior closing market capitalization and the adjusted opening market capitalization. | Index divisor is adjusted on the ex-date of a corporate action. The adjustment is completed in such a way that the index value remains unchanged. Index Divisor is calculated as follows:From Indxx Calculation Standard Guidelines ↗ |
The index divisor is adjusted on a corporate action ex-date so the index level remains continuous, using the market capitalization difference at the adjustment. |
| M6 Review and rebalance schedule · 16 fields | |||
| Annual weight freeze timing | close of the seventh trading day before the annual effective day, stated parenthetically as six trading days prior | Weights are calculated at the close of the seventh trading day prior (six trading days prior) to the Effective Day. Index Shares are frozen using weights as of this day.Open p.8 ↗ |
For the annual reconstitution, weights are calculated at the close of the seventh trading day before the effective day, and index shares are frozen using those weights. |
| Semi annual weight freeze timing | close of the seventh trading day before the review effective day | The weights calculation shall take place at the close of the seventh trading day prior to the Review Effective Day. This day is called the ‘Review Weight Freeze Day.’Open p.9 ↗ |
For the semi-annual review, weights are calculated at the close of the seventh trading day before the review effective day. |
| IPO review | IPOs are assessed at the semi-annual review using listing-history, trading-frequency, turnover, standard eligibility, exposure-score, and significant-IPO criteria. | On ‘Review Selection Day’, the following evaluations are partaken: IPO Review – For IPOs with less than 6 calendar months of trading history as of the ‘Review Selection Date’ to be considered for inclusionOpen p.9 ↗ (not found verbatim in the PDF) |
At the semi-annual IPO review, eligible IPOs must meet listing history, liquidity, turnover, standard criteria, and exposure-score requirements; significant IPOs have relaxed history and trading-frequency requirements. |
| Significant IPO definition | A significant IPO has company-level total market capitalization greater than that of at least 50% of ongoing index constituents as of the previous reconstitution selection day. | An IPO is considered to be a “Significant IPO” if its company level total market capitalization is greater than the company level total market capitalization of at least 50% of the on-going index constituents as of previous 'Reconstitution Selection Day'.Open p.9 ↗ |
An IPO is significant if its company-level total market capitalization exceeds the company-level total market capitalization of at least 50% of current constituents measured at the prior reconstitution selection day. |
| IPO turnover threshold | 2,000,000 USD average daily turnover | Finally, the security must have an available average daily turnover greater than or equal to $2 million.Open p.9 ↗ |
A qualifying IPO must have available average daily turnover of at least $2 million. |
| IPO listing history | Significant IPO minimum: 10; Other IPO minimum months: 3; Scope: IPOs with less than 6 calendar months of trading history as of the review selection date | the IPO must have been listed at least 10 calendar days prior to the ‘Review Selection Date’, in the case of Significant IPOs, and 3 calendar months prior to the ‘Review Selection Day’, in the case of other IPOs.Open p.9 ↗ |
Among IPOs with under six months of trading history, significant IPOs must have been listed at least 10 calendar days before selection, while other IPOs must have been listed at least three calendar months before selection. |
| IPO trading frequency | 90 pct of eligible trading days | Additionally, unless the security is a Significant IPO, the security must have traded on 90% of the eligible trading days for the 3 months preceding the ‘Review Selection Day’Open p.9 ↗ |
Except for significant IPOs, an IPO must have traded on at least 90% of eligible trading days during the three months before the review selection day. |
| IPO category limit effect | A category may exceed its security limit because of an IPO addition at the semi-annual review. | At the semi-annual review, it is possible for a Category to exceed its respective security limit because of an IPO addition.Open p.9 ↗ |
An IPO addition may cause a category to exceed its normal security limit at the semi-annual review. |
| Review frequency | Semi-annual | The index follows an annual reconstitution schedule. The newly reconstituted portfolio becomes effective at the close of last trading day of January each year.Open p.8 ↗ |
The index composition is reviewed on a semi-annual basis, with an annual reconstitution schedule. |
| Review types | Annual review, Semi annual review | 1.7.1 Annual Reconstitution The index follows an annual reconstitution schedule.Open p.8 ↗ |
The index has an annual reconstitution and a semi-annual composition review. |
| Review months | January, July | The newly reconstituted portfolio becomes effective at the close of last trading day of January each year.Open p.8 ↗ |
Annual reconstitution changes become effective in January, and semi-annual additions or deletions become effective in July. |
| Data cutoff rule | Selection uses data as of the nearest Friday falling at least one month before the effective day. | The security selection and portfolio creation process start on the close of the nearest Friday falling at least one month before the Reconstitution Effective Day, called the ‘Selection Day.’ The selection list is created based on the data as of the Selection Day.Open p.8 ↗ |
For both annual reconstitution and the semi-annual review, security selection is based on data as of the nearest Friday at least one month before the relevant effective day. |
| Announcement rule | — | — (not found verbatim in the PDF) |
The document does not state when or how review results are announced. |
| Effective date rule | Annual reconstitution is effective at the close of the last trading day of January; semi-annual additions or deletions are effective at the close of the last trading day of July. | The newly reconstituted portfolio becomes effective at the close of last trading day of January each year. This day is called the ‘Effective Day.’Open p.8 ↗ |
Changes take effect at the close of the last trading day of January for annual reconstitution and the last trading day of July for the semi-annual review. |
| Rebalance frequency | Semi-annual | The index is rebalanced semi-annually based on the weighting scheme described in more detail inOpen p.9 ↗ |
The index is rebalanced semi-annually according to the weighting scheme. |
| Weight reset frequency | At annual reconstitution and semi annual rebalance | Weights are calculated at the close of the seventh trading day prior (six trading days prior) to the Effective Day. Index Shares are frozen using weights as of this day.Open p.8 ↗ |
Weights are calculated and index shares are frozen before the annual effective day and the semi-annual review effective day. |
| M7 Buffers and turnover control · 4 fields | |||
| Market capitalization buffer | Threshold: 80% | A constituent shall continue to be included in the Initial Universe if its market capitalization is greater than or equal to 80% of the previously defined market capitalization limit.Open p.8 ↗ |
An existing constituent is retained if its market capitalization is at least 80% of the previously defined market capitalization limit, subject to all other criteria. |
| Buffer purpose | reduce portfolio turnover | Buffer Rules are employed to reduce Portfolio Turnover.Open p.8 ↗ |
Buffer rules are used to reduce portfolio turnover. |
| Liquidity buffer tolerance illustration | 30 pct deviation | To illustrate, if an existing index member qualifies all other selection criteria but doesn’t qualify liquidity criteria to the extent of 30% deviation then it will be retained in the new index member list.Open p.8 ↗ |
The liquidity buffer illustration says an existing constituent meeting all other criteria may be retained despite a 30% deviation from the liquidity criterion. |
| Liquidity buffer existing | Metric: 6-month ADTV; Threshold: 70% | A constituent shall continue to be included in the Initial Universe if its 6-month ADTV is greater than or equal to 70% of the previously defined liquidity limit.Open p.8 ↗ |
An existing constituent is retained if its 6-month ADTV is at least 70% of the previously defined liquidity limit. |
| M8 Corporate actions, IPOs, ad-hoc changes · 4 fields | |||
| Fast entry | Size threshold: Company-level total market capitalization greater than that of at least 50% of ongoing constituents as of the previous reconstitution selection day; Timing: Considered at the semi-annual review; significant IPOs must have been listed at least 10 calendar days before the review selection date | the IPO must have been listed at least 10 calendar days prior to the ‘Review Selection Date’, in the case of Significant IPOsOpen p.9 ↗ |
Significant IPOs may be considered at the semi-annual review if listed for at least 10 calendar days and large relative to at least half of ongoing constituents; no excluded boards are stated. |
| Merger spinoff rules | At the semi-annual review, constituents are checked for spin-offs, mergers, acquisitions, divestitures, and similar corporate actions effective in the prior six calendar months that significantly altered business operations; only companies still complying with index objectives are retained. | At the time of review, all existing index constituents are checked for corporate actions that have become effective in the last 6 calendar months and that have significantly altered the company’s business operations.Open p.9 ↗ |
Companies affected in the prior six months by significant spin-offs, mergers, acquisitions, divestitures, or similar actions are reviewed and retained only if they still meet the index objectives. |
| Corporate actions guide ref | Index Documents corporate action guidebook in the Announcements section of the Indxx website | The corporate action guidebook is present in the Announcements section of our website, under ‘Index Documents’.Open p.10 ↗ |
The corporate action guidebook is located in the Announcements section of the website under Index Documents. |
| Ad-hoc deletion | Delisting, Prolonged suspension, Acquisition, Bankruptcy, Other | The security would be removed from the index, and the invested amount in the delisted security will be reinvested into the index.From Indxx Calculation Standard Guidelines ↗ |
Securities may be removed between reviews for delisting, temporary delisting or prolonged suspension, acquisition-related removal, bankruptcy, and other Index Committee decisions. |
| M9 Calculation and return variants · 4 fields | |||
| Formula type | Divisor | Index value on a business day using the standard formula is calculated as follows:From Indxx Calculation Standard Guidelines ↗ |
The standard index value is calculated from component share counts, component prices converted into index currency, and an index divisor. |
| Calculation frequency | Calculated on all weekdays; no real-time calculation frequency is stated. | Indxx does not follow any holiday calendar. Given this, the index is calculated on all weekdays.From Indxx Calculation Standard Guidelines ↗ |
Indxx does not follow a holiday calendar and calculates the index on all weekdays. |
| Divisor adjustment | Stock splits, Special dividends, Spin offs, Rights offerings, Cash dividends, Additions, Removals, Replacements, Acquisitions, Delistings, Mergers, Bankruptcies, Temporary delistings or prolonged suspensions | The following corporate actions (such as stock splits, special dividends, spin-offs and rightsFrom Indxx Calculation Standard Guidelines ↗ |
Corporate actions such as splits, special dividends, spin-offs, rights offerings, dividends, constituent changes, acquisitions, delistings, mergers, bankruptcies, and prolonged suspensions may trigger index treatment or divisor adjustment. |
| Market disruption rule | When an exchange is closed for a trading holiday and no closing price is available, each stock is valued at its last regular trade before closure; when an exchange closes early, the index uses exchange-published closing prices. | In situations when exchange is closed for a trading holiday and no closing price is available, the index will be calculated based on the last regular trade reported for each stock before the exchange closed.From Indxx Calculation Standard Guidelines ↗ |
Exchange holidays use the last regular trade before closure, and unexpected early exchange closures use the closing prices published by the exchange. |
| M10 Governance, change policy, disclosure · 2 fields | |||
| Discretion points | include a stock, exclude a stock, adjust a stock, postpone inclusion of a stock, exclude a constituent despite meeting stated criteria, decide corporate action timing or treatment, decide spin-off treatment, decide rights participation, decide merger survivor inclusion, decide removal during prolonged suspension | The Index Committee reserves the right to use qualitative judgment to include, exclude, adjust, or postpone the inclusion of a stock.From Indxx Calculation Standard Guidelines ↗ |
The Index Committee may use qualitative judgment over inclusion, exclusion, adjustment, postponement, corporate-action treatment, rights participation, merger survivors, and suspension-related removals. |
| Change announcement | client communications | This will be communicated to the client well ahead of time. Also, important news items as well as corporate actions with respect to all the constituents of the index will be informed to the client well in advance.From Indxx Calculation Standard Guidelines ↗ |
Additions, deletions, important news, and corporate actions are communicated directly to clients in advance. |
Open points · 23Model-written, for reference
- 1The document excerpt does not state a local index name, vendor index code, ISIN, administrator name beyond Indxx branding, calculation agent, launch date, calculation currency, methodology version/date, benchmark regulatory status, intended use, size segment, factor exposures, or index limitations.
- 2The excerpt names eligibility categories but does not provide the definitions of Category 1 and Category 2.
- 3The supplied text does not specify exchanges or listing boards.
- 4The supplied text does not state foreign room, voting rights, financial/ESG screens, suspension treatment, or an abnormal price-rise screen distinct from the $10,000 maximum-price rule.
- 5No industry-neutrality or sector-balancing rule in selection was stated.
- 6No reserve list or pre-ranked replacement-pool rule was stated.
- 7The ADTV lookback window and precise calculation definition were not stated.
- 8No free-float factor, free-float bands, or float adjustment method was stated.
- 9No domestic inclusion factor or foreign ownership limit treatment was stated.
- 10No group, sector, or country aggregate cap was stated.
- 11No shares-outstanding source or update timing was stated.
- 12No divisor adjustment rule for weight resets was stated.
- 13The treatment of securities with an Exposure Score exactly equal to 20% is unclear because the text states caps for scores greater than 20% and less than 20%.
- 14The minimum-weight floor language says securities with weight less than or equal to 0.3% receive 0.3%, so treatment of already exactly 0.3% securities is not operationally clarified.
- 15No announcement timing or publication method for review results was found.
- 16No rank-based entry or exit buffer was found.
- 17No size-segment buffer with separate semi-annual or quarterly upper and lower bounds was found.
- 18No maximum constituent or weight turnover cap per review was found.
- 19No explicit ad hoc deletion triggers outside the scheduled semi-annual corporate-action review were found.
- 20No replacement policy or reserve list for ad hoc deletions was found.
- 21No deletion price for removed constituents was found.
- 22No threshold for implementing share or free-float changes between reviews was found.
- 23No excluded boards for significant IPO fast entry were found.
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 66 of 67 quotes found word for word in the PDF · includes general rules: Calculation Standard Guidelines v2026.10.04
This profile was written by a language model from the provider's text and may be wrong; the provider's document prevails.
Pick a file to view it here.
First edition on record; nothing to compare yet.
No change records for this index yet.