Also known as: DJUSDIV Index (Bloomberg) · DJUSDIV (S&P DJI code) · .DJUSDIV (RIC)
At a glance
- Review frequencyContinuous
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 9 fields | |||
| Family scope | Global, Regional, Country, Thematic | dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
The family comprises global, regional, country, and thematic dividend indices. |
| General selection criteria | Size, Dividends, Liquidity | Indices contain stocks meeting specific criteria such as size, dividends, and liquidity.Open p.5 ↗ |
Family indices contain stocks meeting index-specific criteria for size, dividends, and liquidity. |
| Index name | Dow Jones Dividend Indices | The Dow Jones Dividend Indices family measures the performance of dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
The official family name is the Dow Jones Dividend Indices. |
| Administrator | S&P Dow Jones Indices | May 2026 S&P Dow Jones Indices: Index Methodology Table of ContentsOpen p.1 ↗ |
S&P Dow Jones Indices is the index provider and document owner. |
| Index family | Dow Jones Dividend Indices | The Dow Jones Dividend Indices family measures the performance of dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
The indices belong to the Dow Jones Dividend Indices family. |
| Methodology date | 2026-05 | May 2026 S&P Dow Jones Indices: Index Methodology Table of ContentsOpen p.1 ↗ |
The methodology document is dated May 2026. |
| Objective | The Dow Jones Dividend Indices family measures the performance of dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index. | The Dow Jones Dividend Indices family measures the performance of dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
The family measures the performance of dividend-paying companies across global, regional, country, and thematic indices drawn from an underlying index. |
| Index family type | Dividend yield | The indices are weighted by dividend yield, indicated annual dividend, country yield, or float-adjusted market capitalization (“FMC”), subject to index-specific capsOpen p.5 ↗ |
The family is a dividend-yield index family whose members select and sometimes weight dividend-paying stocks. |
| Factor exposures | Yield | The indices are weighted by dividend yield, indicated annual dividend, country yield, or float-adjusted market capitalization (“FMC”), subject to index-specific capsOpen p.5 ↗ |
The family's principal factor exposure is dividend yield. |
| M2 Universe · 5 fields | |||
| Underlying universe principle | Each index is drawn from an underlying index. | a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
Each member index draws its universe from an underlying index specified in that index's section. |
| Multiple listing representation | Each company is represented once by the highest-dividend-yield eligible listing, or by the designated listing when multiple eligible lines have similar yields. | Each company is represented once by the listing with the highest dividend yield subject to meeting the eligibility criteria.Open p.42 ↗ |
A company is represented once, normally by the eligible listing with the highest dividend yield. |
| Markets | Global, Regional, country-specific, thematic developed markets | dividend-paying companies in a suite of global, regional, country, and thematic indices drawn from an underlying index.Open p.5 ↗ |
The family covers global, regional, country-specific, and thematic markets, with the exact market set differing by index. |
| Security types | Common | must be common sharesOpen p.36 ↗ |
The family generally uses equity securities, and at least one index explicitly requires common shares. |
| Exclusions | REITs, income trusts, China A shares in specified indices, China B shares in specified indices, companies without business-information coverage in specified indices, controversial weapons producers in specified indices | The index universe is defined as all companies in the S&P BMI country indices for Hong Kong, Hong Kong-listed Chinese companies, Taiwan, Singapore, and South Korea, excluding REITsOpen p.8 ↗ |
Exclusions vary by index and commonly include REITs, with some indices also excluding income trusts, certain China share classes, or specified business activities. |
| M3 Eligibility screens · 10 fields | |||
| Dividend payment types | Only regular cash dividends based on ex-date are considered; special cash dividends, including recurring special cash dividends, are excluded. | S&P Dow Jones Indices only considers cash dividend payments (based on ex-date) declared as regular by the paying company for index eligibility, selection, and weighting purposes.Open p.42 ↗ |
Eligibility, selection, and weighting use regular cash dividends and exclude special cash dividends. |
| EPS basis | Basic EPS excluding or before extraordinary items, based on the last twelve months. | S&P Dow Jones Indices only considers Basic earnings-per-share, Excluding/Before Extraordinary Items for index eligibility and selection purposes.Open p.41 ↗ |
EPS screens use basic last-twelve-month EPS excluding or before extraordinary items. |
| Fundamental data cutoff | Only data available as of the applicable fundamental data reference date may be used. | The indices only use data available as of the respective fundamental data reference date.Open p.41 ↗ |
Data published after an index's fundamental reference date is not used for eligibility, selection, or weighting. |
| Dividend policy discretion | S&P Dow Jones Indices may exclude a company at rebalancing if an announced dividend-policy change before the results announcement means it would no longer qualify. | If a company has announced a change to its dividend policy any time prior to the rebalancing results announcement and would no longer qualify for the index then S&P Dow Jones Indices may, at its discretion, exclude the companyOpen p.42 ↗ |
The provider may use discretion to exclude a company for a pre-announcement dividend-policy change. |
| Trading history | Minimum value: 3 years; Exceptions: Thresholds vary by index; many select indices require five or ten consecutive years of dividend payments, and companies without five years of listing history use available dividend amounts for coverage-ratio calculations | have paid dividends in each of the previous three yearsOpen p.8 ↗ |
There is no single family-wide listing-history minimum; dividend-history requirements generally range from three to ten years depending on the index. |
| Liquidity screen | Metric: Average daily value; Window: varies by index, commonly three months or six months; Threshold: index-specific; a common threshold is three-month ADVT of at least US$3 million; Buffer for existing: Existing constituents often have lower thresholds, but the buffer varies by index | At each reconstitution, the liquidity of each stock is evaluated using the ADVT or MDVT metric.Open p.42 ↗ |
Liquidity is assessed with ADVT or MDVT over an index-specific window, with a common requirement of US$3 million three-month ADVT and lower buffers for some existing constituents. |
| Minimum size | Metric: Float adjusted market cap; Threshold: index-specific; examples include US$250 million, US$300 million, US$500 million, US$600 million, US$1 billion, US$3 billion, CAD 1 billion, TWD 10 billion, and KRW 1 trillion | An FMC of at least US$ 600 million (US$ 400 million for current constituents).Open p.9 ↗ |
Minimum size is index-specific and is generally based on float-adjusted market capitalization, with existing constituents sometimes having a lower threshold. |
| Financial screens | Non-negative trailing 12-month basic EPS for many indices, Three-year, five-year, or ten-year dividend payment history depending on index, Current dividend per share at or above the applicable multi-year average for select indices, Five-year dividend coverage ratio threshold for select indices, Fundamental-strength rankings using free cash flow to total debt, return on equity, IAD yield, and dividend growth for quality-oriented indices, Volatility screen for the Dow Jones International Dividend 100 Index | A five-year average dividend coverage ratio greater than or equal to two-thirds of the five-year average dividend coverage ratio of the corresponding S&P BMI country indexOpen p.8 ↗ |
Financial eligibility includes dividend persistence, dividend growth or coverage, non-negative EPS for many indices, and in some indices fundamental quality or low-volatility screens. |
| Business or ESG exclusions | REITs are excluded from most member indices, Income trusts are excluded from the Dow Jones Canada Select Dividend Index, Companies without coverage are excluded from the S&P Global Dividend 100 Index, Anti-personnel mines involvement is excluded from the S&P Global Dividend 100 Index, Cluster munitions involvement is excluded from the S&P Global Dividend 100 Index, Biological and chemical weapons involvement is excluded from the S&P Global Dividend 100 Index, Blinding laser weapons involvement is excluded from the S&P Global Dividend 100 Index, The Islamic dividend index additionally requires Shariah compliance | Companies without coverage. Companies involved in the following specific business activity, at the relevant level of Involvement.Open p.21 ↗ (not found verbatim in the PDF) |
Business exclusions vary by index and include REITs, income trusts, specified controversial weapons involvement, and Shariah non-compliance for the Islamic thematic index. |
| Extreme price screen | Applies: Yes; Indices: Dow Jones Asia Select Dividend 100 Index; Rule: IAD yield must be no more than 10% at the rebalancing reference date | Stocks must have an IAD yield of no more than 10% as of the rebalancing reference date. The cap aims to exclude companies whose dividends may not be sustainable over time, as well as companies whose stock prices have deteriorated rapidly.Open p.12 ↗ |
The Dow Jones Asia Select Dividend 100 Index excludes securities with IAD yields above 10%, partly to remove companies whose stock prices have deteriorated rapidly. |
| M5 Weighting and capping · 3 fields | |||
| Free float factor | Method: Free float | calculate an accurate Investable Weight Factors (“IWFs”) based on available information are not considered for fast track entryFrom S&P DJI Equity Indices Policies & Practices ↗ |
S&P DJI uses an Investable Weight Factor to float-adjust constituent market capitalization; no factor bands are stated in the supplied sections. |
| Shares outstanding | Quarterly updates use latest publicly available shares outstanding as of the rebalancing reference date; multiple listed lines are evaluated separately and DR shares are derived from DR ratio and underlying shares. | At each quarterly review, shares outstanding are updated to the latest available information as of the rebalancing reference date.From S&P DJI Equity Indices Policies & Practices ↗ |
Share counts are updated to the latest available shares outstanding at the reference date, with special derivation rules for depositary receipts, units, and multiple classes. |
| Divisor adjustment rule | Multiplicative formula: Divisor_t = Divisor_(t-1) * MV_t / MV_(t-1); Additive formula: Divisor_new = Divisor_old + CMV / Index Level; Principle: The divisor is adjusted so the index level remains unchanged when constituent market values change at constant prices | Given these, it is easy to determine the new divisor that will keep the index level constant when stock r is replaced by stock s: MV t = Divisor ( Divisor 1)From S&P DJI Index Mathematics ↗ |
The new divisor equals the old divisor multiplied by the ratio of new to old index market value, or equivalently the old divisor plus the change in market value divided by the unchanged index level. |
| M6 Review and rebalance schedule · 11 fields | |||
| Default share assignment reference price | 12 business days | Except for the Dow Jones Taiwan High Quality Dividend 30 Index, Dow Jones Taiwan Technology Dividend 30 Index, and Dow Jones Japan Dividend 100 Index, index shares are assigned based on prices 12 business days prior to the rebalancing.Open p.44 ↗ |
Except for listed indices, index shares are assigned using prices 12 business days before rebalancing. |
| Special share assignment reference price | 7 business days | Index shares are assigned based on prices seven business days prior to the rebalancing.Open p.44 ↗ |
The specified Taiwan, Japan, and Korea indices assign index shares using prices seven business days before rebalancing. |
| Weight drift rule | Actual stock weights at rebalancing differ from assigned weights because of market movements. | The actual weight of each stock at the rebalancing differs from these weights due to market movements.Open p.44 ↗ |
Actual stock weights at rebalancing differ from assigned weights because of market movements. |
| Pro forma schedule source | www.spglobal.com/spdji/ | Please visit www.spglobal.com/spdji/ for a complete schedule of rebalancing timelines and pro-forma delivery times.Open p.50 ↗ |
S&P DJI directs users to its website for the complete rebalancing timeline and pro-forma delivery times. |
| Review frequency | Continuous | S&P DJI reviews constituents monthly for ongoing eligibility.Open p.45 ↗ |
Constituents are reviewed monthly for ongoing eligibility, while the indices also follow their scheduled reconstitution or rebalancing calendars. |
| Review types | Annual review, Semi annual review, Ad hoc | Except for the indices listed below, the indices reconstitute annually, effective at the open of trading on the Monday following the third Friday of March.Open p.44 ↗ |
The family uses annual or semi-annual scheduled reconstitutions or rebalances, plus monthly ongoing-eligibility reviews. |
| Review months | January, February, March, April, May, June, July, August, September, October, November, December | S&P DJI reviews constituents monthly for ongoing eligibility.Open p.45 ↗ |
Monthly eligibility reviews occur in every calendar month, and index-specific scheduled rebalances occur in March, April, June, October, or December depending on the index. |
| Announcement rule | Changes are announced in pro-forma files on the second Friday of the rebalancing pro-forma period; outside mandatory corporate actions, no additional changes are announced during the second week of that period. | announced in pro-forma files on the second Friday of the rebalancing pro-forma period. Outside of mandatory corporate actions, no additional changes are announced during the second week of the rebalancing pro-forma period.Open p.50 ↗ |
Review changes are announced in pro-forma files on the second Friday of the rebalancing pro-forma period, with no additional non-mandatory changes announced in the second week. |
| Effective date rule | Default: open of trading on the Monday following the third Friday of March; index-specific effective dates include the last business day of April, last business day of April and October, last business day of June and December, and second Thursday of June and December. | Except for the indices listed below, the indices reconstitute annually, effective at the open of trading on the Monday following the third Friday of March.Open p.44 ↗ |
Most indices change at the open on the Monday after the third Friday of March, while specified indices use April, April/October, June/December, or second-Thursday June/December effective dates. |
| Rebalance frequency | Annual or semi annual by index | Except for the indices listed below, the indices reconstitute annually, effective at the open of trading on the Monday following the third Friday of March.Open p.44 ↗ |
Most indices reconstitute annually, while specified Taiwan, Japan, and Korea dividend indices rebalance semi-annually. |
| Data cutoff rule | The quarterly cutoff is after the market close five weeks before the third Friday of March, June, September, and December, using public information dated on or before that reference date. | A reference date, after the market close five weeks prior to the third Friday in March, June, September, and December, is the cutoff for publicly available information used for quarterly shares outstanding and IWF changes.From S&P DJI Equity Indices Policies & Practices ↗ |
Quarterly share and IWF data are cut off after the close five weeks before the rebalancing month's third Friday. |
| M8 Corporate actions, IPOs, ad-hoc changes · 11 fields | |||
| Gigs reclassification timing | Intra-rebalancing GICS reclassifications for the Dow Jones Taiwan Technology Dividend 30 Index are effective at the subsequent rebalancing. | Dow Jones Taiwan Technology Dividend 30 Index. Intra-rebalancing GICS reclassifications are effective at the subsequent rebalancing.Open p.45 ↗ |
Intra-rebalancing GICS reclassifications for the Dow Jones Taiwan Technology Dividend 30 Index become effective at the subsequent rebalancing. |
| Underlying universe change timing | Intra-rebalancing underlying universe changes are effective at the subsequent reweighting or rebalancing for specified indices. | Dow Jones Korea Dividend 30 Index. Intra-rebalancing underlying universe changes are effective at the subsequent reweighting/rebalancing.Open p.45 ↗ |
For the Dow Jones Korea Dividend 30 and U.S. High Dividend 10 indices, intra-rebalancing underlying universe changes take effect at the subsequent reweighting or rebalancing. |
| Spin off divisor treatment | No divisor adjustment on zero-price spin-off addition; divisor adjustment after removal following regular-way trading. | at a zero price at the market close of the day before the ex-date (with no divisor adjustment). The spin-off is removed after at least one day of regular way trading (with a divisor adjustment).Open p.46 ↗ |
A spin-off is added at zero price with no divisor adjustment and removed after at least one day of regular-way trading with a divisor adjustment. |
| Dividend history merger discretion | S&P DJI may retain dividend history from a predecessor company for a newly formed merger entity at its discretion. | For merger and acquisition events, S&P DJI, at its discretion, may retain dividend history for newly formed entities from the predecessor company.Open p.46 ↗ |
For merger and acquisition events, S&P DJI may, at its discretion, retain a newly formed entity’s dividend history from the predecessor company. |
| Monthly dividend review reference | Monthly Review for Ongoing Eligibility in Dividend Focused Indices, Equity Indices Policies & Practices Methodology | For more information regarding the monthly dividend review, please refer to the Monthly Review for Ongoing Eligibility in Dividend Focused Indices section of S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology.Open p.45 ↗ |
Monthly dividend-review details are in the Monthly Review for Ongoing Eligibility in Dividend Focused Indices section of S&P DJI’s Equity Indices Policies & Practices Methodology. |
| Ad-hoc deletion | Delisting, Bankruptcy, Acquisition, Prolonged suspension, Other | Except for the indices listed below, a constituent stock is immediately removed from the index, independent of the reconstitution, if the constituent company is affected by a corporate action such as a delisting or bankruptcy.Open p.45 ↗ |
Constituents may be removed immediately for delisting, bankruptcy, mergers or takeovers, suspensions, spin-offs or demergers, and other corporate events, depending on the index. |
| Replacement policy | Next review | Except for the indices listed below, constituent stocks removed from the Dow Jones Dividend Indices as a result of ongoing maintenance are replaced only at the subsequent reconstitution.Open p.46 ↗ |
Except for specified indices, constituents removed through ongoing maintenance are replaced only at the subsequent reconstitution; the U.S. High Dividend 10 Index uses an immediate replacement from the Dow Jones Industrial Average. |
| Merger spinoff rules | Spin-offs are added at zero price before the ex-date and removed after at least one day of regular-way trading; in mergers of two constituents, the deemed acquirer remains if eligible, and its index shares remain at pre-merger levels for stock or mixed stock-and-cash consideration. | A spin-off is added to all the indices of which the parent is a constituent, at a zero price at the market close of the day before the ex-date (with no divisor adjustment).Open p.46 ↗ |
Spin-offs are temporarily added at zero price and removed after regular-way trading; the deemed acquirer in a constituent merger remains if eligible, with pre-merger index shares for stock or mixed consideration. |
| Deletion price | Zero or minimal price if no achievable market price | In cases where there is no achievable market price for a stock being deleted, it may be removed at a zero or minimal price at the Index Committee’s discretionOpen p.46 ↗ |
When a deleted stock has no achievable market price, it may be removed at a zero or minimal price at the Index Committee’s discretion. |
| Corporate actions guide ref | S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology, Non-Market Capitalization Indices section | For more information on corporate actions, please refer to the Non-Market Capitalization Indices section of S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology.Open p.45 ↗ |
The document refers corporate-action questions to the Non-Market Capitalization Indices section of S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology. |
| Share or float change threshold | Accelerated public offer minimum value USD: 150,000,000; Accelerated public offer minimum share percent: 5; Large event value USD: 1,000,000,000; Quarterly iwf share change percent: 5; Quarterly iwf absolute change points: 5 | At least US $150 million2, and b. At least 5%3 of the pre-event total shares.From S&P DJI Equity Indices Policies & Practices ↗ |
Accelerated public offerings generally require at least US$150 million and 5% of shares; events of at least US$1 billion may bypass the 5% share test, while quarterly IWF changes require a 5% share change and at least 5 points of IWF change. |
| M9 Calculation and return variants · 13 fields | |||
| FX rate source | Real-time spot foreign exchange rates are supplied by LSEG; daily calculations generally use WMR 4:00 PM London mid-market fixings, with specified Asia indices using LSEG spot rates at 4:17 PM Sydney time. | Real-time spot Forex rates, as supplied by LSEG, are used for ongoing index calculation of real-time indices.Open p.46 ↗ |
LSEG spot rates support real-time calculations, while WMR London fixings generally support daily calculations, except for named Asia indices that use LSEG Sydney spot rates. |
| Additional index versions | Currency, currency hedged, Decrement, fair value, risk control | Additional currency, currency hedged, decrement, fair value, and risk control versions of the indices may be available.Open p.46 ↗ |
Additional currency, currency-hedged, decrement, fair value, and risk-control versions of the indices may be available. |
| Currency hedged calculation | Currency-hedged indices represent returns from hedging currency risk, not constituent risk, using foreign exchange forward contracts; calculations are detailed in the Index Mathematics Methodology. | A currency-hedged index is designed to represent returns for those global index investment strategies that involve hedging currency risk, but not the underlying constituent risk.Open p.41 ↗ |
Currency-hedged indices use foreign exchange forward contracts to offset currency exposure while retaining underlying constituent exposure. |
| Formula type | Divisor | The indices calculate by means of the divisor methodology used in all S&P Dow Jones Indices’ equity indices.Open p.41 ↗ |
The indices are calculated using the divisor methodology used for S&P Dow Jones Indices equity indices. |
| Calculation frequency | real-time_intraday_for_certain_indices, Daily | The Dow Jones Dividend Indices are calculated daily, throughout the calendar year.Open p.50 ↗ |
The indices are calculated daily, and certain indices have real-time intraday calculations whenever a primary exchange is open. |
| Return variants | PR, GTR, NTR | Price Return (PR) versions are calculated without adjustments for regular cash dividends. Gross Total Return (TR) versions reinvest regular cash dividends at the close on the ex-date without consideration for withholding taxes.Open p.48 ↗ |
S&P Dow Jones Indices calculates Price Return, Gross Total Return, and Net Total Return versions where available. |
| Withholding tax basis | applicable withholding taxes; rates are specified in the Equity Indices Policies & Practices Methodology | Net Total Return (NTR) versions, if available, reinvest regular cash dividends at the close on the ex-date after the deduction of applicable withholding taxes.Open p.48 ↗ |
Net Total Return versions deduct applicable withholding taxes, with tax rates provided in the Equity Indices Policies & Practices Methodology. |
| Dividend treatment | PR excludes regular cash dividends; GTR reinvests regular cash dividends at the close on the ex-date without withholding taxes; NTR reinvests after applicable withholding taxes | Price Return (PR) versions are calculated without adjustments for regular cash dividends. Gross Total Return (TR) versions reinvest regular cash dividends at the close on the ex-date without consideration for withholding taxes.Open p.48 ↗ |
Price Return excludes regular cash dividends, while gross and net total return versions reinvest them at the close on the ex-date, with NTR deducting applicable withholding taxes. |
| Market disruption rule | An index is not calculated when all exchanges where its constituents are listed are officially closed or when WMR exchange rate services are not published; unexpected closures and pricing disruptions are governed by the Equity Indices Policies & Practices Methodology. | The only days an index is not calculated are on days when all exchanges where an index’s constituents are listed are officially closed or if WMR’s exchange rates services are not published.Open p.50 ↗ |
Calculation does not occur when all constituent exchanges are closed or WMR rates are unavailable, and unexpected closures or pricing disruptions follow the referenced policies and practices document. |
| Recalculation policy | The recalculation policy is set out in S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology; real-time indices are not restated. | For information on the recalculation policy, please refer to S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology.Open p.51 ↗ |
Recalculation follows the referenced Equity Indices Policies & Practices Methodology, and real-time indices are not restated. |
| Price source | Exchange-provided prices are used for official end-of-day calculations, with the relevant price type—such as last trade, auction, VWAP, or official close—specified by exchange in the Global Equity Close Prices guide. | S&P DJI leverages exchange provided prices for official end-of-day index calculations. For each exchange, S&P Dow Jones Indices will use the relevant price (e.g. last trade, auction, VWAP, official close) as defined in the S&P Dow Jones Indices' Global Equity Close Prices guideFrom S&P DJI Index Mathematics ↗ |
Official end-of-day index calculations use the relevant exchange-provided price, which may be the last trade, auction price, VWAP, or official close depending on the exchange. |
| Precision | 0 percentage points | In most cases, Investable Weight Factors (IWFs) are reported to the nearest one percentage point.From S&P DJI Float Adjustment ↗ |
Investable weight factors are generally reported to the nearest one percentage point. |
| Divisor adjustment | addition of companies, deletion of companies, changes in shares outstanding, changes to IWFs, changes to other factors affecting share counts, corporate actions that alter total index market value at constant prices, index rebalancing events, other non-market driven actions | The purpose of the index divisor is to maintain the continuity of an index level following the implementation of corporate actions, index rebalancing events, or other non-market driven actions.From S&P DJI Index Mathematics ↗ |
Divisor adjustments are triggered by additions, deletions, share-count and IWF changes, other share-count factors, rebalancings, and corporate or non-market actions that change total index market value at constant prices. |
| M10 Governance, change policy, disclosure · 15 fields | |||
| Committee meeting frequency | Regularly | The committee meets regularly.Open p.49 ↗ |
The Index Committee meets regularly. |
| Committee review topics | pending corporate actions affecting constituents, statistics comparing index composition to the market, candidate companies for addition, significant market events, index policy rules | At each meeting, the Index Committee may review pending corporate actions that may affect index constituents, statistics comparing the composition of the indices to the market, companies that are being considered as candidates for addition to an index, and any significant market events.Open p.49 ↗ |
Committee meetings may review pending corporate actions, composition statistics, addition candidates, significant market events, and index policy. |
| Confidentiality of committee discussions | Yes | S&P Dow Jones Indices considers information about changes to its indices and related matters to be potentially market moving and material. Therefore, all Index Committee discussions are confidential.Open p.49 ↗ |
Index Committee discussions are confidential because index changes and related matters may be market moving and material. |
| Exception notice principle | Clients receive sufficient notice whenever possible when treatment differs from the general rules. | In any scenario where the treatment differs from the general rules stated in this document or supplemental documents, clients will receive sufficient notice, whenever possible.Open p.49 ↗ |
When index treatment differs from stated rules, clients receive sufficient notice whenever possible. |
| Pro forma timing | Generally on the first Friday of the rebalancing month; five days before the rebalancing effective date for Dow Jones Taiwan High Quality Dividend 30, Dow Jones Taiwan Technology Dividend 30, and Dow Jones Japan Dividend 100. | Except for the Dow Jones Taiwan High Quality Dividend 30 Index, Dow Jones Taiwan Technology Dividend 30 Index, and Dow Jones Japan Dividend 100 Index, S&P DJI disseminates pro-forma files on the first Friday of the rebalancing month.Open p.50 ↗ |
Pro-forma files are generally disseminated on the first Friday of the rebalancing month, but three named indices receive them five days before the effective date. |
| Oversight body | Index Committee | An Index Committee maintains the indices. All committee members are full-time professional members of S&P Dow Jones Indices’ staff.Open p.49 ↗ |
An Index Committee composed of full-time S&P Dow Jones Indices professionals maintains the indices. |
| Discretion points | exceptions to methodology when the need arises, changes to rebalancing dates for market holidays or related reasons, pro-forma file updates at the Index Committee's discretion | S&P Dow Jones Indices’ Index Committees reserve the right to make exceptions when applying the methodology if the need arises.Open p.49 ↗ |
The Index Committee may make methodology exceptions, adjust rebalancing dates around market holidays, and update pro-forma files at its discretion. |
| Methodology review frequency | 1 times per 12-month period | In addition to the daily governance of indices and maintenance of index methodologies, at least once within any 12-month period, the Index Committee reviews the methodology to ensure the indices continue to achieve the stated objectives, and that the data and methodology remain effective.Open p.49 ↗ |
The Index Committee reviews the methodology at least once within any 12-month period. |
| External review | S&P Dow Jones Indices may publish consultations inviting comments from external parties in certain instances. | In certain instances, S&P Dow Jones Indices may publish a consultation inviting comments from external parties.Open p.49 ↗ |
In certain instances, S&P Dow Jones Indices may conduct external consultations and invite comments from outside parties. |
| Error correction policy | Quality assurance and internal methodology reviews are covered by the Equity Indices Policies & Practices Methodology; the document does not provide a standalone restatement rule in this section. | For information on Quality Assurance and Internal Reviews of Methodology, please refer to S&P Dow Jones Indices’ Equity Indices Policies & Practices Methodology.Open p.49 ↗ |
The document refers to the Equity Indices Policies & Practices Methodology for quality assurance and internal reviews of methodology. |
| Change announcement | S&P Dow Jones Indices website, major quote vendors, investment-oriented websites, print and electronic media, Index Corporate Events report (SDE), email for unusual treatment or short-notice events, subscription data | Index levels are available through S&P Dow Jones Indices’ Web site at www.spglobal.com/spdji/, major quote vendors, numerous investment-oriented Web sites, and various print and electronic media.Open p.52 ↗ |
Index levels and changes are disseminated through the S&P DJI website, quote vendors, other websites, media, the daily SDE report, email for unusual events, and subscription data. |
| Constituents published | Bool: Yes; Frequency: daily data by subscription; pro-forma constituent files at each reconstitution and on specified rebalancing-related schedules | Daily constituent and index level data are available via subscription.Open p.52 ↗ |
Daily constituent data are available by subscription, and pro-forma constituent files are provided at reconstitutions and certain re-weightings. |
| Material change definition | A material change is assessed by its impact on the index objective or represented market or economic reality, core characteristics, constituent selection or weightings, composition or index level, calculation methods or formulas and performance, and index usage. | The determination of materiality considers the following factors: impact on the index objective or market/economic reality the index aims to represent impact on the index’s core characteristicsFrom S&P DJI Index Governance Policies ↗ |
Materiality considers substantial effects on the index objective, core characteristics, constituent selection or weights, index composition or level, calculation methods or performance, and index usage. |
| Consultation procedure | S&P DJI informs users and stakeholders of the proposal, rationale and timing; provides a feedback period, generally one calendar month; considers feedback before final committee review; may request clarifications; may shorten or extend the period; gathers feedback for the Index Committee; and aims to announce results within 30 calendar days after consultation closes. | As part of a methodology change consultation, S&P DJI: takes reasonable steps to inform users and other stakeholders of the proposed changes, the rationale for the methodology change, and the proposed timing.From S&P DJI Index Governance Policies ↗ |
Public consultations state the proposal, rationale and timing, accept feedback during an announced period generally lasting one calendar month, allow committee consideration and clarifications, and result in an announcement aimed to occur within 30 calendar days after closing. |
| Cessation policy | Index cessations are governed by the separate S&P Dow Jones Indices Cessations Policy. | For information on index cessations, please refer to the S&P Dow Jones Indices Cessations Policy.From S&P DJI Equity Indices Policies & Practices ↗ |
The supplied methodology does not state cessation circumstances and refers readers to the separate S&P DJI Cessations Policy. |
Open points · 20Model-written, for reference
- 1This is a multi-index family profile, so no single index code, ISIN, launch date, base date, base value, calculation currency, parent index, or market classification applies to the whole family.
- 2The supplied front matter does not show a version label beyond the May 2026 methodology date.
- 3The document does not provide a family-wide minimum free-float percentage, foreign-room percentage, voting-rights threshold, minimum share price, or suspension rule.
- 4Appendix A data for several newer indices is incompletely rendered, including some base values.
- 5Benchmark regulatory status is not stated in the supplied methodology sections.
- 6Profile_m4_m5: LLM call failed (model reply contained no JSON object)
- 7Selection, weighting capping: no reply; group dropped
- 8No rank buffer, size-segment buffer, liquidity buffer for existing constituents, or maximum turnover per review is stated.
- 9No IPO fast-entry or early-addition rule is stated.
- 10No numerical threshold for implementing share or free-float changes between reviews is stated.
- 11The supplied monthly dividend review table lists indices and an Approach column but does not provide the per-index approach text or eligibility action rules.
- 12The merger text is split across sections and does not fully state treatment for cash-only acquisition payments.
- 13No explicit published index-level precision or number of decimal places was stated.
- 14No explicit security price source such as last trade, closing auction, or reference price was stated.
- 15No specific list of divisor-adjustment events was stated beyond a reference to the Index Mathematics Methodology.
- 16No formal definition of a material methodology change was provided; the document only says index-change information may be market moving and material.
- 17No detailed consultation procedure or minimum consultation period was stated.
- 18No index cessation or discontinuation policy was stated.
- 19Not coveredM4 Selection and constituent count: not covered by this edition
- 20Not coveredM7 Buffers and turnover control: not covered by this edition
Read by a language model (doubao-seed-2.1-pro) on 2026-10-03 · prompt 1.2 · schema 1 · 76 of 77 quotes found word for word in the PDF · includes general rules: Equity Indices Policies & Practices v2026.08, Index Mathematics v2026.09, Float Adjustment v2026.09, Index Governance Policies v2026.05
This profile was written by a language model from the provider's text and may be wrong; the provider's document prevails.
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