Also known as: 臺灣精選高息指數 · IX0170 Index (Bloomberg) · IX0170 (TIP code)
Tracked by: 00919 (ETF)
At a glance
- Weighting schemeDividend yield
- Single cap15
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 14 fields | |||
| Target constituent count | 40 | 依照股利率由高至低排序並篩選出40 檔股票。Open p.1 ↗ |
The methodology selects 40 stocks as constituents. |
| Weighting method | Dividend-yield weighted, with a liquidity-volume indicator adjustment | 成分股依照股利率加權，輔以流動量指標調整權重Open p.1 ↗ |
Constituents are weighted by dividend yield, with weights adjusted using a liquidity-volume indicator. |
| Index name | Taiwan Index Company Select Taiwan Listed and Emerging Selected High Dividend Index | 臺灣指數公司特選臺灣上市上櫃精選高息指數(簡稱「臺灣精選高息指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗ |
The document names the index as 「臺灣指數公司特選臺灣上市上櫃精選高息指數」. |
| Index short name | 臺灣精選高息指數 | 臺灣指數公司特選臺灣上市上櫃精選高息指數(簡稱「臺灣精選高息指數」)Open p.1 ↗ |
The short name used by the vendor is 「臺灣精選高息指數」. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃精選高息指數 | 臺灣指數公司特選臺灣上市上櫃精選高息指數(簡稱「臺灣精選高息指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗ |
The local-language index name is 「臺灣指數公司特選臺灣上市上櫃精選高息指數」. |
| Index code | IX0170 | — (not found verbatim in the PDF) |
The supplied document identifier indicates vendor index code IX0170; the code is not printed in the supplied section body. |
| Administrator | Taiwan Index Company | 臺灣指數公司特選臺灣上市上櫃精選高息指數(簡稱「臺灣精選高息指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗ |
Taiwan Index Company is the index provider identified by the index name. |
| Index family | 臺灣指數公司特選系列 | 臺灣指數公司特選臺灣上市上櫃精選高息指數(簡稱「臺灣精選高息指數」)Open p.1 ↗ |
The index is presented as a Taiwan Index Company select-series high-dividend index. |
| Benchmark type | Not stated | — (not found verbatim in the PDF) |
The supplied sections do not classify the index as a regulated, significant, or non-significant benchmark. |
| Objective | 以表彰兼具高股息、獲利能力以及流動性之股票投資組合績效表現。 | 成分股依照股利率加權，輔以流動量指標調整權重，以表彰兼具高股息、獲利能力以及流動性之股票投資組合績效表現。Open p.1 ↗ |
The index is designed to represent the performance of a stock portfolio combining high dividends, profitability, and liquidity. |
| Market classification | Domestic | 指數母體：臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The index covers Taiwan listed and TPEx-listed domestic stocks. |
| Size segment | Custom | 採樣範圍：指數母體中，發行市值前300 大股票。Open p.1 ↗ |
The sampling universe is limited to the 300 largest stocks by issued market capitalization rather than a standard size tier. |
| Index family type | Dividend yield | 依照股利率由高至低排序並篩選出40 檔股票。成分股依照股利率加權，輔以流動量指標調整權重Open p.1 ↗ |
The index selects and weights stocks according to dividend yield, with a liquidity adjustment. |
| Factor exposures | Yield | 以表彰兼具高股息、獲利能力以及流動性之股票投資組合績效表現。Open p.1 ↗ |
The index explicitly targets high-dividend-yield stocks. |
| M2 Universe · 6 fields | |||
| Eligible universe size cutoff | Metric: Rank; Threshold: 300; Basis: Issued market capitalization | 採樣範圍：指數母體中，發行市值前300 大股票。Open p.1 ↗ |
The sampling scope is the 300 largest stocks in the index universe by issued market capitalization. |
| New certificate suspension exception | Stocks whose trading is suspended because new certificates are issued due to capital reduction, conversion to a holding or newly established company, or par-value change may remain in the universe. | 但因減資或轉換為控股公司、新設公司或變更面額等原因換發新股票而停止買賣者仍可列入母體。Open p.1 ↗ |
Stocks suspended solely because new share certificates are exchanged after capital reduction, conversion, or par-value changes remain eligible for the universe. |
| Markets | Taiwan | 指數母體：臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The eligible market consists of Taiwan listed and TPEx-listed stocks. |
| Exchanges | 臺灣證券交易所, 中華民國證券櫃檯買賣中心 | 臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The universe includes common stocks listed on the Taiwan Stock Exchange and TPEx. |
| Security types | Common | 臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The index universe is limited to common stocks. |
| Exclusions | managed stocks, emerging stocks publicly announced as having changed trading methods, emerging stocks publicly announced as suspended from trading | 非屬管理股票、興櫃股票經公告為變更交易方法或停止買賣股票者；但因減資或轉換為控股公司、新設公司或變更面額等原因換發新股票而停止買賣者仍可列入母體。Open p.1 ↗ |
Managed stocks and emerging stocks announced as subject to changed trading methods or trading suspension are excluded, subject to a capital-reduction or conversion exception. |
| M3 Eligibility screens · 7 fields | |||
| Dividend screen | At the May review, annual cash-dividend stocks are excluded if, before the review-data cutoff, the board has not decided the cash dividend amount, or if the stock has already gone ex-dividend before the effective date. | 五月定審排除審核資料截止日前董事會未決定發放現金股利金額，或生效日前已除息之年配息股票。Open p.2 ↗ |
At the May review, annual dividend stocks without a board-approved cash dividend amount by the data cutoff or already ex-dividend before the effective date are excluded. |
| May review ranking | Stocks passing liquidity and indicator screens are ranked by dividend yield and the top 40 are selected at the May review. | 五月定審：通過參、二、1 及2 之股票依照股利率2大小排序，選取前40 檔為成分股。Open p.2 ↗ |
At the May review, eligible stocks are ranked by dividend yield and the top 40 are selected. |
| December review ranking | Stocks passing liquidity and indicator screens are ranked by estimated dividend yield and the top 40 are selected at the December review. | 十二月定審：通過參、二、1 及2 之股票依照預估股利率3大小排序，選取前40檔為成分股。Open p.2 ↗ |
At the December review, eligible stocks are ranked by estimated dividend yield and the top 40 are selected. |
| Liquidity screen | Metric: Average daily value; Window: lower of the average daily trading amount over the most recent 1 month and most recent 6 months; Threshold: New constituents: 80,000,000; Existing constituents: 60,000,000; Currency: TWD; Buffer for existing: Existing constituents qualify when their average daily trading amount indicator exceeds NT$60 million, versus NT$80 million for other stocks; Shortfall rule: If fewer than 150 stocks pass, candidates are added in descending order of the average daily trading amount indicator until 150 are reached | 流動性檢驗：日平均成交金額指標1高於8,000 萬元，既有成分股日平均成交金額指標高於6,000 萬元；若檔數不足150 檔，依日平均成交金額指標由大到小補齊。Open p.2 ↗ |
Stocks must have a qualifying average daily trading amount above NT$80 million, or NT$60 million for existing constituents; if fewer than 150 qualify, the list is filled by ranking the indicator downward. |
| Minimum size | Metric: Rank; Threshold: 300; Basis: Issued market capitalization | 採樣範圍：指數母體中，發行市值前300 大股票。Open p.1 ↗ |
Candidates must be among the 300 largest stocks by issued market capitalization in the index universe. |
| Financial screens | After-tax ROE for the most recent four fiscal quarters must be positive. | a. 近四季稅後ROE 為正數。Open p.2 ↗ |
A stock must have positive after-tax ROE over the most recent four fiscal quarters. |
| Suspension rule | Stocks announced as suspended from trading are outside the universe, except suspensions caused by exchanging new share certificates after capital reduction, conversion to a holding or newly established company, or par-value changes. | 非屬管理股票、興櫃股票經公告為變更交易方法或停止買賣股票者；但因減資或轉換為控股公司、新設公司或變更面額等原因換發新股票而停止買賣者仍可列入母體。Open p.1 ↗ |
Announced trading suspensions disqualify stocks unless the suspension is due to exchanging new certificates for capital reduction, conversion, or par-value changes. |
| M5 Weighting and capping · 10 fields | |||
| Liquidity weight adjustment | Yes | 股利率加權，再依流動量指標4調整權重。Open p.2 ↗ |
Weights are based on dividend yield and then adjusted by a liquidity indicator. |
| Minimum weight (%) | 0.5% | 個別成分股權重不得超過15%，前五大成分股權重總和不得超過65%，且權重下限0.5%。Open p.2 ↗ |
Each constituent has a minimum weight of 0.5%. |
| Investability cap using simulated AUM | Simulated AUM multiple of tracking assets: 1.2; Round up to TWD billions: 25; Investment amount to total market cap (%): 6; Investment amount to free float market cap (%): 15 | 設定「預擬資產管理規模」為所有追蹤臺灣精選高息指數之資產6的1.2 倍、並無條件進位至新台幣250 億元之倍數。使用「預擬資產管理規模」計算個別成分股投資金額，投資金額占發行市值不得超過6%、且投資金額占自由流通市值不得超過15%。Open p.2 ↗ |
A simulated AUM equal to 1.2 times assets tracking the index, rounded up to a multiple of TWD 25 billion, is used so each constituent's investment amount is at most 6% of total market value and 15% of free-float market value. |
| Minimum free float factor | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.5 ↗ |
Securities with a free-float factor below 10% are excluded from constituent sampling. |
| Free float factor update timing | Updated on the effective date of each periodic review using the most recent data produced under the provider's free-float factor compilation rules. | 配合定期審核生效日，更新自由流通量係數。Open p.5 ↗ |
Free-float factors are updated on the periodic review effective date using the latest data produced under Taiwan Index Company's free-float factor rules. |
| Weighting scheme | Dividend yield | 股利率加權，再依流動量指標4調整權重。Open p.2 ↗ |
Constituent weights are based on dividend yield, with an additional liquidity-indicator adjustment. |
| Free float factor | Method: Free float | The methodology uses a free-float factor; securities below 10% are not sampled, but no factor bands are provided. | |
| Weight cap | 15% | 個別成分股權重不得超過15%，前五大成分股權重總和不得超過65%，且權重下限0.5%。Open p.2 ↗ |
The weight of any single constituent may not exceed 15%. |
| Group cap | Top n: 5; Aggregate (%): 65 | 個別成分股權重不得超過15%，前五大成分股權重總和不得超過65%，且權重下限0.5%。Open p.2 ↗ |
The aggregate weight of the five largest constituents may not exceed 65%. |
| Divisor adjustment rule | Market-capitalization reference indices adjust the divisor while leaving coefficient products unchanged; investable and Smart Beta indices may adjust coefficient products or the divisor according to indexing-investment needs. | 「市值參考型指數」係傳統的市場參考指標，主要反映指數成分股價格波動所造成的發行市值消長，為避免僅因企業活動改變指數市值而導致指數斷層的不連續現象，採調整指數除數但係數乘積不變的方式，以維持指數的連續性From TIP Corporate Actions and Events Methodology ↗ |
To maintain index continuity, market-capitalization reference indices adjust the divisor without changing coefficient products, while market-capitalization investable and Smart Beta indices assess practical indexing needs and adjust coefficient products or the divisor. |
| M6 Review and rebalance schedule · 1 field | |||
| Data cutoff rule | At the review-data cutoff, the index universe is produced under each index's compilation rules and excludes stocks announced for altered trading methods, stocks subject to the specified other-event clause, and stocks that will be delisted after the cutoff. | 審核資料截止日之指數母體除依個別指數編製規則產製外，若股票已公告將列為變更交易方法、或遇四、(四)「成分股其他態樣之處理原則」第4 種情事、或將於審核資料截止日之後終止上市上櫃，該股票不納入審核資料截止日之指數母體。From TIP Corporate Actions and Events Methodology ↗ |
The review-data cutoff universe follows each index's rules and excludes stocks announced for changed trading methods, specified cessation events, or upcoming delisting. |
| M8 Corporate actions, IPOs, ad-hoc changes · 2 fields | |||
| Ad-hoc deletion | Delisting, Risk warning, Acquisition, Other | Constituents may be deleted ad hoc on delisting or cessation that removes index-universe eligibility, persistent changed trading methods, and merger-related termination; the document also includes an other-event category. | |
| Merger spinoff rules | Merger acquisition: Treatment depends on whether the acquirer is a constituent and whether consideration is cash, newly issued shares, or mixed cash and shares; acquired constituents are deleted at termination, retained market value is used during suspension, and acquirer shares or coefficients are adjusted as specified; Spin off: Spin-offs are treated according to whether the spun-off new or existing company belongs to the index universe and sampling universe; if it qualifies, it may be added, otherwise the split constituent is deleted or retained with reduced shares and divisor adjustment | 合併公司全數以現金收購合併成分股公司或非成分股公司From TIP Corporate Actions and Events Methodology ↗ |
Mergers and acquisitions are handled according to the acquirer's constituent status and the form of consideration, with acquired constituents deleted, retained values carried through suspension, and shares, coefficients and divisors adjusted by the applicable branch. A constituent spin-off may result in deletion, retention with a reduced share count, or inclusion of the spun-off company depending on index-universe and sampling-universe eligibility. |
| M9 Calculation and return variants · 15 fields | |||
| Compiler and calculation agent | Compiler: 臺灣指數公司; Calculation agent: 臺灣證券交易所 | 由臺灣指數公司負責編製，委請臺灣證券交易所計算及即時資訊傳輸。Open p.1 ↗ |
Taiwan Index Company compiles the indices, and the Taiwan Stock Exchange calculates them and transmits real-time information. |
| Base date | 2022-05-05 | 基期設定為2022 年5 月5 日，基準指數設定為5000 點。Open p.3 ↗ |
The base date is 5 May 2022. |
| Base index level | 5,000 points | 基期設定為2022 年5 月5 日，基準指數設定為5000 點。Open p.3 ↗ |
The base index level is set at 5,000 points. |
| Real time start date | 2022-07-04 | 臺灣精選高息指數自2022 年7 月4 日起，於臺灣證券交易所與中華民國證券櫃檯買賣中心交易時間內Open p.2 ↗ |
Real-time index calculation begins on 4 July 2022. |
| Covered trading venues | 臺灣證券交易所, 中華民國證券櫃檯買賣中心 | 於臺灣證券交易所與中華民國證券櫃檯買賣中心交易時間內Open p.2 ↗ |
The intraday calculation occurs during trading hours on the Taiwan Stock Exchange and the Taipei Exchange. |
| Coefficient source | TIP 指數系列企業活動處理通則 SmartBeta 投資型指數 | 使用之係數依本公司「TIP 指數系列企業活動處理通則」SmartBeta 投資型指數所定Open p.3 ↗ |
Coefficient products follow Taiwan Index Company's corporate-action handling rules for SmartBeta investment indices. |
| Market value recordkeeping | Taiwan Index Company retains closing market capitalisation records for all constituents. | 臺灣指數公司將保存所有成分股的收盤市值紀錄。Open p.1 ↗ |
Taiwan Index Company keeps closing market capitalisation records for all constituent stocks. |
| Formula type | Divisor | 指數= 指數市值 × 基準指數指數除數Open p.3 ↗ |
The index is calculated using a divisor formula. |
| Price source | Latest trade price | The intraday index uses each constituent's latest trade price. | |
| Calculation frequency | Series: Price index; Frequency: Every 5 seconds during trading hours and once after close, Series: Total return index; Frequency: Once after close | The price index is published every five seconds during market hours and once after the close, while the total return index is calculated and published once after the close. | |
| Return variants | PR, GTR | 臺灣精選高息指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗ |
The index family has a price index and a total return index; no net total return variant is stated. |
| Dividend treatment | Total return index adjusts for cash dividends to reflect returns including cash dividends | 就臺灣精選高息指數考量現金股利因素後加以調整，用以反映包含現金股利之報酬Open p.3 ↗ |
The total return index adjusts for cash dividends to reflect returns including cash dividends. |
| Divisor adjustment | Post close constituent changes under corporate action rules, Changes in index market value | 收盤後成分股依本公司「TIP 指數系列企業活動處理通則」SmartBeta 投資型指數調整指數除數以維持指數連續性Open p.3 ↗ |
After the close, the divisor is adjusted for constituent corporate-action treatment and changes in index market capitalisation to maintain index continuity. |
| Market disruption rule | If the TWSE centralised market cannot open normally or is closed, index calculation and publication stop. | 若證交所有價證券集中交易市場（以下稱：集中市場）因故無法正常開市或休市，指數將停止計算發布。From TIP General Principles for TIP Securities Indices ↗ |
Index calculation and publication are stopped when the Taiwan Stock Exchange centralised market is unable to open normally or is closed. |
| Recalculation policy | Missed intraday real-time indices are not recalculated after a real-time calculation or publication system failure., Affected daily closing indices after a major-emergency suspension are recalculated within five trading days after operations resume. | 若指數發生3.3.2 之情事，將不會回溯計算發布遺漏的盤中即時指數。From TIP General Principles for TIP Securities Indices ↗ |
Missed intraday real-time values are not back-calculated, whereas closing values affected by a major-emergency suspension are retrospectively calculated and corrected. |
| M10 Governance, change policy, disclosure · 8 fields | |||
| Periodic review responsibility | Taiwan Index Company conducts periodic reviews according to the index compilation rules. | 臺灣指數公司依指數編製規則進行定期審核。Open p.1 ↗ |
Taiwan Index Company conducts periodic reviews under the index compilation rules. |
| General index rules reference | 臺灣指數公司有價證券指數通則 | 指數編製、維護及管理等原則，參閱「臺灣指數公司有價證券指數通則」。Open p.1 ↗ |
Principles for index compilation, maintenance and management refer to Taiwan Index Company's General Rules for Securities Indices. |
| Oversight body | 臺灣指數公司 | 臺灣指數公司依指數編製規則進行定期審核。Open p.1 ↗ |
Taiwan Index Company is responsible for compiling, maintaining and managing the index under its index rules. |
| Discretion points | handling urgent situations not covered or not clearly governed by the rules, deciding whether to terminate an index, final decision on changes to individual index compilation rules, adjusting weight-cap parameters when weights total less than 100%, shortening the announcement period for methodology changes in specified circumstances | 又必須及時處理時，其處理方式的任何決定，本公司將基於指數能符合公正、公平、公開的原則下進行決策。From TIP General Principles for TIP Securities Indices ↗ |
The company may decide treatment of unforeseen urgent matters, determine whether to terminate indices, make final decisions on methodology changes, and adjust weight-cap parameters or notice periods in specified situations. |
| Methodology review frequency | The general rules are reviewed from time to time; the committee normally meets twice per year. | 本指數通則由本公司不定期審視，以期能持續實現指數之編製目標From TIP General Principles for TIP Securities Indices ↗ |
The general rules are reviewed irregularly, while the Index Compilation Committee is normally convened twice per year. |
| External review | The Index Compilation Committee is consulted on content formulation and major changes to the general rules. | 內容制定或任何重大變更將向指數編製委員會徵詢意見，作為擬訂或增修之參考。From TIP General Principles for TIP Securities Indices ↗ |
Opinions are sought from the Index Compilation Committee when formulating the rules or making any material changes. |
| Change announcement | Taiwan Index Company website, technical notices, press releases, notifications to authorised clients | 授權發行金融商品之指數，編製規則修改將於新編製規則生效前於本公司網站公告技術通知。From TIP General Principles for TIP Securities Indices ↗ |
Results, rules, changes and emergency responses are disclosed on the company website, through technical notices or press releases, and by notifications to authorised clients. |
| Cessation policy | insufficient number of constituents, incomplete or unreliable data required for periodic review, changes in market environment, regulations or potential constituents making the objective difficult to achieve, a customised index's original purpose no longer exists or there is no practical application demand | 指數終止編製發布之啟動事由，包含但不限於下列情事；本公司經審慎評估後，決定指數是否終止編製發布。指數成分數量不足From TIP General Principles for TIP Securities Indices ↗ |
An index may be terminated after careful assessment when constituents are insufficient, review data are incomplete or unreliable, market or regulatory changes prevent achievement of its objective, or a customised index has no purpose or demand. |
Open points · 24Model-written, for reference
- 1Official English index name was not printed in the supplied Chinese text; the name provided is a literal rendering.
- 2ISIN was not stated.
- 3Third-party vendor tickers for Bloomberg, Refinitiv, Wind, or local data terminals were not stated.
- 4Calculation agent was not separately stated.
- 5Parent index was not stated; the document defines a custom 300-stock sampling universe.
- 6Launch date, base date, base value, and calculation currency were not stated.
- 7Methodology version and methodology publication date were not stated.
- 8Stated intended uses, benchmark regulatory status, and limitations were not provided.
- 9Minimum trading history or listing-age requirement was not stated.
- 10Minimum free float, foreign ownership room, voting-rights, absolute share-price, and ESG screens were not stated.
- 11The exact definition and data windows for the dividend-yield and estimated-dividend-yield footnotes were not included.
- 12No explicit timing for applying the 15% single-security cap and 65% top-five aggregate cap was stated.
- 13No free-float factor bands beyond the 10% minimum exclusion threshold were provided.
- 14No domestic inclusion factor, foreign ownership limit treatment, sector cap, country cap, shares-outstanding source, or divisor adjustment rule was stated.
- 15Profile_m6_m8: LLM call failed (model reply contained no JSON object)
- 16Review rebalance, buffers turnover, corporate actions adhoc: no reply; group dropped
- 17The provided sections do not state the number of decimal places in published index levels.
- 18The provided sections do not state a withholding-tax basis or any net total return variant.
- 19The provided sections do not specify market disruption, market closure or no-trade reference-price rules.
- 20The provided sections do not state a recalculation or published-index error correction policy.
- 21The provided sections do not identify a separate oversight committee or specify discretionary actions.
- 22The provided sections do not state the frequency of methodology reviews, external review, consultation procedure, material-change definition, notice period, disclosure channels, constituent publication frequency, or index cessation policy.
- 23Not coveredM4 Selection and constituent count: not covered by this edition
- 24Not 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 · 58 of 61 quotes found word for word in the PDF · includes general rules: General Principles for TIP Securities Indices v1.1.2, TIP Corporate Actions and Events Methodology v2.3.7
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