Also known as: GXSHLDN Index (Bloomberg) · GXSHLDN (Mirae Asset code)
At a glance
- Weighting schemeFree float market cap
- Review frequencySemi-annual
- Constituent count50
- Single cap8
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 8 fields | |||
| Index name | Global X Defense Tech Index | Global X Defense Tech IndexOpen p.1 ↗ |
The official index name is Global X Defense Tech Index. |
| Administrator | Mirae Asset Global Index Private Limited | Index Administrator does not provide any investment advice pertaining to the index.Open p.6 ↗ |
Mirae Asset Global Index Private Limited is the index administrator. |
| Index family | Global Indices | 2025.11.12 Global IndicesOpen p.1 ↗ |
The index is presented under Mirae Asset Global Index's Global Indices category. |
| Methodology date | 2025-11-12 | 2025.11.12 Global IndicesOpen p.1 ↗ |
The methodology document is dated November 12, 2025. |
| Objective | The objective of the Global X Defense Tech Index is to track the performance of developed and emerging market companies in Defense Technology, which are positioned to benefit from technology, services, systems, and hardware that cater to the local and/or national security, defense, and military sector. | The objective of the Global X Defense Tech Index is to track the performance of developed and emerging market companies in Defense Technology, which are positioned to benefit from technology, services, systems, and hardware that cater to the local and/or national security, defense, and military sector.Open p.3 ↗ |
The index tracks developed and emerging market companies in defense technology positioned to benefit from technology, services, systems, and hardware serving national security, defense, and military sectors. |
| Market classification | Custom | Country of Listing should be either Developed or Emerging Markets with the exception of China (A-Shares and B- Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.Open p.3 ↗ |
The index covers developed and emerging markets with specified country exclusions. |
| Index family type | Thematic | An extensive analysis is undertaken to identify the FactSet industry and business segments that are most directly related and relevant to the Defense Technology theme.Open p.3 ↗ |
The index follows a defense technology thematic exposure. |
| Limitations | The index administrator does not provide investment advice, and hypothetical historical performance is based on assumptions such as availability to trade and no stock liquidity issues; it should not be considered a tradable portfolio or guarantee future performance. | Index Administrator does not provide any investment advice pertaining to the index.Open p.6 ↗ |
The document states that the administrator provides no investment advice and that hypothetical historical performance assumes trade availability and adequate liquidity, is not a tradable portfolio, and does not guarantee future performance. |
| M2 Universe · 6 fields | |||
| Theme definition process | FactSet industry and business segments most directly related to defense technology form the initial thematic universe and are reviewed annually during the May rebalance. | An extensive analysis is undertaken to identify the FactSet industry and business segments that are most directly related and relevant to the Defense Technology theme. The industry and business segments identified as relevant to the theme are reviewed annually as part of the May Rebalance.Open p.3 ↗ |
The initial universe is identified from FactSet industry and business segments related to defense technology and is reviewed annually at the May rebalance. |
| Outside segment company addition | A company meeting all selection criteria may be added even if it is not categorized in an identified relevant FactSet industry or business segment, and that segment will be reviewed for future inclusion. | If a company is identified as meeting all of the index selection criteria but is not categorized in one of the industry or business segments identified, the company can still be added, and the relevant industry or business segment will be reviewed for inclusion in the initial universe going forward.Open p.3 ↗ |
A qualifying company outside the identified segments may still be added, and the relevant segment is reviewed for inclusion going forward. |
| Markets | developed markets, emerging markets | Country of Listing should be either Developed or Emerging Markets with the exception of China (A-Shares and B- Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.Open p.3 ↗ |
Securities must be listed in developed or emerging markets, excluding China A/B shares, India, Kuwait, Pakistan, Russia, and Saudi Arabia. |
| Security types | Common, Dr | The Security Types considered for inclusion are: Common Stock o o American Depository Receipts Global Depository ReceiptsOpen p.4 ↗ |
Common stocks, American Depositary Receipts, and Global Depositary Receipts are eligible security types. |
| Nationality rule | Country of Listing must be classified as developed or emerging under the Mirae Asset Indices Country Classification document, subject to listed country exceptions. | Country of Listing should be either Developed or Emerging Markets with the exception of China (A-Shares and B- Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia. The Mirae Asset Indices Country Classification document defines the classification of Developed and Emerging Markets.Open p.3 ↗ |
Country assignment for eligibility is based on country of listing and Mirae Asset's developed/emerging market classification. |
| Exclusions | China A-shares, China B-shares, India-listed securities, Kuwait-listed securities, Pakistan-listed securities, Russia-listed securities, Saudi Arabia-listed securities, Companies on the U.S. Department of the Treasury sanctions list | Country of Listing should be either Developed or Emerging Markets with the exception of China (A-Shares and B- Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.Open p.3 ↗ |
The universe excludes listed developed/emerging market country exceptions and companies on the U.S. Treasury sanctions list. |
| M3 Eligibility screens · 6 fields | |||
| Most liquid share class rule | The most liquid share class or listing is selected based on six-month ADTV; an existing portfolio share class or listing is retained if it satisfies all eligibility factors. | The most liquid Share Class/Listing of the security is considered for inclusion in the Index. o Liquidity of Share Class/Listing is based on 6-month ADTV. The existing Share Class/Listing in the portfolio is to be retained if it satisfies all the eligibility factors of the o index.Open p.4 ↗ |
The index selects the most liquid share class or listing based on six-month ADTV, retaining the existing portfolio listing when it remains fully eligible. |
| Trading history | Minimum value: 6 calendar months; Exceptions: IPO minimum value: 3; IPO unit: Calendar months; Significant IPO minimum value: 10; Significant IPO unit: Calendar days; Significant IPO definition: Company-level total market capitalization exceeds that of at least 50% of existing index constituents as of the previous Selection Day | For Initial Public Offerings (“IPOs”), the following relaxed criteria apply: o To be considered for inclusion, IPOs with less than 6 months of trading history must have been listed for at least 3 calendar months prior to the Selection Day.Open p.3 ↗ |
Ordinary eligibility uses a six-month trading-history window; IPOs with less than six months must have at least three calendar months, while significant IPOs need only 10 calendar days. |
| Liquidity screen | Metric: Average daily value; Window: 6 months; Threshold: New constituents USD million: 2; Existing constituents USD million: 1.4; Frequency of trading: Window: 6 calendar months before Selection Day; Threshold: 90%; IPO frequency window: 3 calendar months before Selection Day; Buffer for existing: Existing constituents require ADTV of at least USD 1.4 million rather than USD 2 million | Average Daily Traded Value (“ADTV”) over a period of 6 months must be at least USD 2 Million for companies that are not current index components. For existing components as of Selection Day, a minimum of USD 1.4 Million is required.Open p.3 ↗ |
Non-constituents need six-month ADTV of at least USD 2 million and existing constituents need USD 1.4 million; securities must trade on 90% of eligible scheduled trading days over six calendar months, or three months for IPOs. |
| Minimum size | Metric: Security level market capitalization; Threshold: New constituents USD million: 200; Existing constituents USD million: 160 | Security Level Market Capitalization must be a minimum of USD 200 Million for companies that are not current index components. For existing components as of Selection Day, a minimum of USD 160 Million is required.Open p.3 ↗ |
Non-constituents must have security-level market capitalization of at least USD 200 million, while existing constituents must have at least USD 160 million. |
| Minimum free float | 10% | Investable Weight Factor (Free Float) should be a minimum of 10% of the outstanding shares.Open p.4 ↗ |
The investable weight factor, or free float, must be at least 10% of outstanding shares. |
| Business or ESG exclusions | Companies included in the Sanctions List of the U.S. Department of the Treasury | Companies that are included in the Sanctions List of the U.S. Department of the Treasury are excluded from the index.Open p.4 ↗ |
Companies on the U.S. Department of the Treasury sanctions list are excluded. |
| M4 Selection and constituent count · 7 fields | |||
| Pure play revenue threshold | 50% | Only Pure-Play companies are considered for inclusion. This refers to companies earning greater than or equal to 50% of revenue attributable to one or more of the core businesses of the sub-themes in aggregate.Open p.5 ↗ |
A company must derive at least 50% of its revenue from one or more core defense-technology sub-theme businesses in aggregate. |
| Fallback when insufficient eligible companies | Include all eligible | If there are fewer than 50 eligible Pure-Play companies, all eligible Pure-Play companies are included in the index.Open p.5 ↗ |
If fewer than 50 eligible pure-play companies exist, all eligible pure-play companies are included. |
| Excluded business activities | non-military or non-defense civilian firearm manufacturers, commercial aircraft component, interior, and other component manufacturers unless specifically covered by the stated sub-themes | For the avoidance of doubt, the following types of companies and/or business activities are NOT considered as contributing to Defense Technology revenue: Non-military/Non-Defense firearm manufacturers (i.e.: Civilian) Companies manufacturing commercial aircraft components, aircraft interiors and other components unless specified above.Open p.5 ↗ |
Civilian firearm makers and specified commercial aircraft component businesses do not count as defense-technology revenue contributors. |
| Selection method | Rank by metric | The index will include the top 50 Pure-Play companies ranked by their respective Company Level Market Capitalization that satisfy the filter criteria mentioned above.Open p.5 ↗ |
Eligible pure-play companies are selected by ranking them according to company-level market capitalization. |
| Ranking metrics | Name: Company level market capitalization; Direction: Descending; Step order: 1 | The index will include the top 50 Pure-Play companies ranked by their respective Company Level Market Capitalization that satisfy the filter criteria mentioned above.Open p.5 ↗ |
Companies are ranked by company-level market capitalization, with the top-ranked companies selected. |
| Target constituent count | 50 | The index will include the top 50 Pure-Play companies ranked by their respective Company Level Market Capitalization that satisfy the filter criteria mentioned above. If there are fewer than 50 eligible Pure-Play companies, all eligible Pure-Play companies are included in the index.Open p.5 ↗ |
The index targets 50 constituents, but includes all eligible pure-play companies if fewer than 50 qualify. |
| Industry neutrality rule | Companies must be pure-play defense-technology companies across specified sub-themes, but no sector or industry neutrality or balancing rule is stated. | The following sub-themes have been identified for the Defense Tech Index: Sub-Theme Description Companies that develop and manage security protocols that prevent intrusion and attacks to systems, networks, applications, computers, and/or infrastructure for local Cybersecurity and/or national defense application.Open p.4 ↗ |
Selection uses defense-technology sub-theme classifications and a pure-play revenue test, but no industry-neutral allocation rule is specified. |
| M5 Weighting and capping · 11 fields | |||
| Liquidity adjustment | Considered in final weights | The index constituents are weighted according to a modified capitalization methodology that accounts for liquidity in determining final weights.Open p.5 ↗ |
The modified capitalization methodology accounts for liquidity when determining final weights. |
| Redistribution after single security cap | Proportionately to uncapped constituents | Single security cap of 8%. The additional weight will be distributed proportionately among uncapped constituents.Open p.5 ↗ |
Weight removed by the 8% single-security cap is redistributed proportionately among uncapped constituents. |
| Large weight constituent cap | 4.5% | Post that, all remaining constituents with a weight greater than 5% are capped at 4.50%. The additional weight will be distributed proportionately among uncapped constituents.Open p.5 ↗ |
After the aggregate weight of constituents above 5% reaches 40% or less, remaining constituents above 5% are capped at 4.50%. |
| Final uncapped constituent cap | 4.5% | Additionally, after application of the above rule, all remaining uncapped constituents will be capped at 4.5%.Open p.6 ↗ |
After the preceding rules, all remaining uncapped constituents are capped at 4.5%. |
| Weighting scheme | Free float market cap | The index constituents are weighted according to a modified capitalization methodology that accounts for liquidity in determining final weights.Open p.5 ↗ |
Constituent weights are based on free-float market capitalization under a modified capitalization methodology that accounts for liquidity. |
| Free float factor | Method: Free float | The weight of a selected Index Constituent will be determined based on the Free-Float Market Capitalization.Open p.5 ↗ |
Weights are determined using free-float market capitalization; no free-float factor bands are specified. |
| Foreign ownership limit | Not adjusted | Free-Float Market Capitalization is not adjusted for foreign ownership restriction.Open p.5 ↗ |
Free-float market capitalization is not adjusted for foreign ownership restrictions. |
| Weight cap | 8% | Single security cap of 8%. The additional weight will be distributed proportionately among uncapped constituents.Open p.5 ↗ |
Each constituent is subject to an 8% single-security cap. |
| Group cap | Aggregate (%): 40 | All constituents with a weight greater than 5%, the weights remain the same till an aggregate weight of 40% or less is achieved. Post that, all remaining constituents with a weight greater than 5% are capped at 4.50%.Open p.5 ↗ |
Constituents initially above 5% keep their weights until their aggregate weight is 40% or less, subject to the subsequent capping procedure. |
| Cap application timing | At review | The index constituents are weighted according to a modified capitalization methodology that accounts for liquidity in determining final weights.Open p.5 ↗ |
The weighting and capping rules determine final constituent weights, but the document does not explicitly state their application frequency. |
| Divisor adjustment rule | The divisor is adjusted for price and share adjustment factors so that corporate events do not change the index level solely because of the event. | Divisor is a factor that is used to calculate the value of an Index and is adjusted so as to reflect the impact of the corporate events on the Index. The divisor is a way to maintain the continuity of the Index series.From Mirae Asset Equity Index Calculation Methodology ↗ |
The divisor is recalculated using price and share adjustment factors to maintain continuity of the index series. |
| M6 Review and rebalance schedule · 9 fields | |||
| Rebalance date rule | Close of the last index business day of May and November; if that day is not a UK and US trading day, moved two UK and US trading days earlier | If the said last Index Business Day is not a UK&US Trading Day then rebalance date is preponed by two UK&US Trading Day.Open p.6 ↗ |
The rebalance occurs at the close of the last index business day of May and November, moved two UK and US trading days earlier if that day is not a UK and US trading day. |
| Review frequency | Semi-annual | The index follows a Semi-Annual Reconstitution and Rebalance as of the close of the last Index Business Day of May and November each year.Open p.6 ↗ |
The index is reconstituted and rebalanced semi-annually. |
| Review types | Scheduled review | The index follows a Semi-Annual Reconstitution and Rebalance as of the close of the last Index Business Day of May and November each year.Open p.6 ↗ |
The index follows a scheduled semi-annual reconstitution and rebalance. |
| Review months | May, November | as of the close of the last Index Business Day of May and November each year.Open p.6 ↗ |
Semi-annual reconstitution and rebalance occur in May and November. |
| Data cutoff rule | Selection data cutoff: First Friday of May and November; Weight and unit data cutoff: 5 Index Business Days prior to the rebalance date | The selection list is created based on the data as of the Selection Day which is the First Friday of May and November each year. The weight and unit calculation are based on the data as of 5 Index Business Days prior to the rebalance dateOpen p.6 ↗ |
The selection list uses data as of the first Friday of May and November, while weight and unit calculations use data five index business days before the rebalance date. |
| Announcement rule | — | — (not found verbatim in the PDF) |
|
| Effective date rule | Effective from the open of the next index business day after the rebalance date | The index will become effective from open of the next Index Business Day which is called ‘Effective Day’.Open p.6 ↗ |
Changes become effective at the open of the next index business day, called the Effective Day. |
| Rebalance frequency | Semi-annual | The index follows a Semi-Annual Reconstitution and Rebalance as of the close of the last Index Business Day of May and November each year.Open p.6 ↗ |
The index is rebalanced semi-annually at the May and November reconstitution. |
| Weight reset frequency | Semi-annual | The weight and unit calculation are based on the data as of 5 Index Business Days prior to the rebalance date and the shares will be frozen using these calculated weights.Open p.6 ↗ |
Weights and units are calculated for the semi-annual rebalance and shares are frozen using those weights. |
| M8 Corporate actions, IPOs, ad-hoc changes · 2 fields | |||
| Merger spinoff rules | Merger acquisition: Removals due to merger or acquisition receive at least two index business days' notice; if the security is not tradable, its prior-close valuation may be updated to reflect deal terms when appropriate; Spin off: Known future spin-offs are identified and considered before the periodic rebalance effective date to help minimize turnover | If the index constituent which is subject to removal because of a merger or acquisition is not tradable, its valuation at the close prior to the effective date could be updated to reflect the deal terms of the transaction whenever considered appropriate.From Mirae Asset Equity Index Calculation Methodology ↗ |
For merger-driven removals, Mirae gives advance notice and may value a non-tradable constituent using deal terms rather than only the last close. Spin-offs that are known during a periodic rebalance are considered in advance of the effective date. |
| Deletion price | last available close price, except that a non-tradable merger or acquisition constituent may be valued to reflect deal terms when appropriate | The index adjustment will be made using the last available close price of the impacted constituent/s, as applicable.From Mirae Asset Equity Index Calculation Methodology ↗ |
Removals use the impacted constituent's last available close, with possible deal-term valuation for non-tradable merger or acquisition situations. |
| M9 Calculation and return variants · 7 fields | |||
| Calculation frequency | Every Index Business Day, published on the next Index Business Day | The Index will be calculated by the Index Administrator on every Index Business Day starting with the Index Commencement Date and will be published on the next Index Business DayOpen p.3 ↗ |
The Index Administrator calculates the index on every Index Business Day from the commencement date and publishes it on the next Index Business Day. |
| Return variants | PR, NTR, GTR | Global X Defense Tech Index PR USD 2022-05-31 1000 2023-07-21 2023-07-21 Global X Defense Tech Index NTR USD 2022-05-31 1000 2023-07-21 2023-07-21 Global X Defense Tech Index GTR USD 2022-05-31 1000 2023-07-21 2023-07-21Open p.3 ↗ |
The index is published in price return, net total return, and gross total return variants. |
| Market disruption rule | If underlying prices are unavailable, the last available closing prices and FX rates are used; under market disruption or force majeure, the index may not be calculated and the day may be a Disrupted Day. | On any day when the underlying prices are not available from the sources, the last available closing price and last available FX rates will be used for Index Valuation for that Index Business Day. Subject to provisions set out under Market Disruption Events or Force Majeure Events, Index Levels may not be calculated on an Index Business Day and such day will be termed as a Disrupted Day.Open p.3 ↗ |
When underlying prices are unavailable, the last available closing prices and FX rates are used, subject to market disruption and force majeure provisions under which an Index Business Day may become a Disrupted Day. |
| Formula type | Divisor | The Divisor, the denominator, is a mathematical factor that is defined at the inception of the Index. The Divisor is a term induced to adjust for certain corporate actions and index rebalances.From Mirae Asset Equity Index Calculation Methodology ↗ |
Indices are calculated using a market-value numerator divided by an index divisor. |
| Withholding tax basis | Tax-adjusted dividend income; the specific tax rate basis is not stated. | Net Return (NTR): The return measure that considers the capital appreciation of the portfolio and the tax adjusted income generated by the assets in the portfolio in the form of dividends.From Mirae Asset Equity Index Calculation Methodology ↗ |
Net return uses tax-adjusted dividend income, but no withholding tax rate or tax-rate source is specified. |
| Dividend treatment | PR ignores specified dividends; GTR includes dividend income; NTR includes tax-adjusted dividend income. | Price Return (PR): The return measure that considers only the capital appreciation of the portfolio, while the income generated by the assets in the portfolio, in the form of certain dividends, is ignored.From Mirae Asset Equity Index Calculation Methodology ↗ |
Price return reflects only capital appreciation, gross return includes dividends, and net return includes tax-adjusted dividends. |
| Divisor adjustment | corporate action events, index rebalances, changes in constituent share counts, changes in price adjustment factors | The Divisor is a term induced to adjust for certain corporate actions and index rebalances.From Mirae Asset Equity Index Calculation Methodology ↗ |
Divisor adjustments are triggered by corporate events, index rebalances and changes in price or share adjustment factors. |
| M10 Governance, change policy, disclosure · 7 fields | |||
| Extraordinary circumstance disruption triggers | Disruption of data provider, Force Majeure Events, like calamities, Any significant changes to the market condition forcing the re-evaluation of the Index Rationale, Any government regulation change, Discontinuation in data points like FX rates | Disruption of data provider Force Majeure Events, like calamities Any significant changes to the market condition forcing the re-evaluation of the Index Rationale Any government regulation change Discontinuation in data points like FX ratesOpen p.7 ↗ |
Extraordinary circumstances that may lead the administrator to invoke a market disruption event include data-provider disruption, force majeure calamities, major market changes, government regulation changes, and discontinuation of data points such as FX rates. |
| Oversight body | Index Oversight Committee | This determination is immediately escalated to the Index Oversight Committee, which will decide the future course of the index.Open p.7 ↗ |
A market disruption determination is escalated to the Index Oversight Committee, which decides the future course of the index. |
| Discretion points | Extraordinary circumstances external to the Index Methodology where the Index Administrator is unable to calculate the index, Invocation of a Market Disruption Event, Expected disruption event handling after consulting the Index Oversight Committee | The index is a rules-based index and does not have scope for any discretionary adjustment to the day-to-day functioning of the index except under extraordinary circumstances where the Index Administrator is unable to calculate the index for a reason external to the Index MethodologyOpen p.7 ↗ |
The rules-based index allows no discretionary adjustment to day-to-day operation except in extraordinary external circumstances, when the administrator may invoke a market disruption event and consult the Index Oversight Committee. |
| External review | For an expected disruption event, the Index Administrator consults the Index Oversight Committee and posts a consultation. | For an expected Disruption event, the Index Administrator, after consulting with the Index Oversight Committee, will post a consultation to this effect up to 30 days in advanceOpen p.7 ↗ |
For an expected disruption, the administrator consults the Index Oversight Committee and posts a consultation before taking action. |
| Consultation procedure | For an expected disruption event, after consulting the Index Oversight Committee, the administrator posts a consultation up to 30 days in advance, or within a rationally feasible period given the disruption timeline. | For an expected Disruption event, the Index Administrator, after consulting with the Index Oversight Committee, will post a consultation to this effect up to 30 days in advance, or a period rationally feasible in light of the timelines of the disruption.Open p.7 ↗ |
For an expected disruption, the administrator consults the Index Oversight Committee and posts a consultation up to 30 days in advance, or as early as reasonably feasible. |
| Notice period | 30 days | will post a consultation to this effect up to 30 days in advance, or a period rationally feasible in light of the timelines of the disruption.Open p.7 ↗ |
For an expected disruption event, consultation notice may be posted up to 30 days in advance; the text does not specify calendar, business, or trading days. |
| Change announcement | Index Administrator’s website, vendor platforms, to the Index Owner simultaneously | will be published on the next Index Business Day onto the vendor platforms and to the Index Owner simultaneously.Open p.3 ↗ |
Index levels are published to vendor platforms and the Index Owner simultaneously, while index decisions are posted on the Index Administrator’s website before action is taken. |
Open points · 39Model-written, for reference
- 1Index short name or abbreviation was not stated.
- 2Local-language index name was not stated.
- 3Vendor index code, ISIN, and third-party tickers such as Bloomberg, Refinitiv, or Wind were not stated.
- 4Calculation agent, if different from the administrator, was not stated.
- 5Launch date, base date, base value, and calculation currency were not stated.
- 6Methodology version label was not stated; only the document date 2025.11.12 was found.
- 7Benchmark regulatory status (regulated, significant, or non-significant) was not stated.
- 8Stated intended uses such as ETF, derivative, or investment-product benchmark were not found in the supplied methodology sections.
- 9Size segment was not stated.
- 10Specific exchanges and listing boards were not identified; only country-of-listing requirements were stated.
- 11Parent index or parent universe index was not stated; the universe is built from FactSet industry and business segments.
- 12Minimum foreign room, voting-rights, minimum price, financial-health, suspension, and abnormal-price screens were not stated.
- 13The unit for the ordinary six-month history is inferred as calendar months from nearby IPO wording, but the exact phrase says '6 months of trading history' for general IPOs.
- 14No explicit tie-breaking rule is stated when companies have equal company-level market capitalization.
- 15No reserve-list size or replacement-candidate rule is stated.
- 16No explicit weighting-cap application frequency or timing is stated.
- 17No source or update timing for shares outstanding is stated.
- 18No divisor adjustment or index-continuity rule is stated.
- 19No free-float factor bands or calculation method beyond use of free-float market capitalization is stated.
- 20No domestic inclusion factor is stated.
- 21No sector cap or country cap is stated.
- 22No rule was found for how or when review results are announced.
- 23No rank buffer, size-segment buffer, liquidity buffer for existing constituents, or maximum turnover per review was stated.
- 24No fast-entry rule for large new listings was stated.
- 25No ad hoc deletion triggers or replacement policy were stated.
- 26No merger, acquisition, spin-off, deletion-price, share/float-change threshold, or separate corporate-actions guide reference was stated.
- 27Formula type or explicit index-level calculation formula was not stated.
- 28Detailed price source, such as last trade, closing auction, or reference price, was not stated; only unavailable underlying prices and last available closing prices are addressed.
- 29Published index level precision was not stated.
- 30Withholding tax basis for the NTR variant was not stated.
- 31Detailed cash dividend reinvestment or treatment rules were not stated; the section refers to the administrator's standard equity and corporate-action methodologies.
- 32Events triggering divisor adjustments were not stated.
- 33Policy for recalculating or correcting already published index levels was not stated.
- 34Frequency of methodology reviews was not stated.
- 35Definition of a material methodology change was not stated.
- 36Whether and how often constituent lists are published was not stated.
- 37Index cessation or discontinuation policy was not stated.
- 38The notice-period text says 30 days but does not specify calendar, business, or trading days.
- 39Not coveredM7 Buffers and turnover control: not covered by this edition
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