Also known as: 臺灣ESG低碳50指數 · IX0178 (TIP code)
Tracked by: 00923 (ETF)
At a glance
- Weighting schemeFree float market cap
- Review frequencyQuarterly
- Single cap20
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 9 fields | |||
| Index name | Taiwan Index Company Select Taiwan ESG Low Carbon 50 Index | 臺灣指數公司特選臺灣ESG 低碳50 指數(簡稱「臺灣ESG 低碳50 指數」)係以臺灣上市股票為母體Open p.1 ↗ |
The official index name is the Taiwan Index Company Select Taiwan ESG Low Carbon 50 Index. |
| Local index name | 臺灣指數公司特選臺灣ESG 低碳50 指數 | 臺灣指數公司特選臺灣ESG 低碳50 指數(簡稱「臺灣ESG 低碳50 指數」)係以臺灣上市股票為母體Open p.1 ↗ |
The local-language index name is 臺灣指數公司特選臺灣ESG 低碳50 指數. |
| Administrator | 臺灣指數公司 | 臺灣指數公司特選臺灣ESG 低碳50 指數(簡稱「臺灣ESG 低碳50 指數」)Open p.1 ↗ |
The index provider is Taiwan Index Company. |
| Index family | 臺灣指數公司ESG低碳指數 | 臺灣指數公司特選臺灣ESG 低碳50 指數(簡稱「臺灣ESG 低碳50 指數」)Open p.1 ↗ |
The index belongs to Taiwan Index Company's ESG low-carbon index series. |
| Objective | 表彰臺灣具永續ESG表現、低碳密度特性，並兼顧股東權益報酬率之大型權值股績效表現。 | 運用自由流通市值加權，表彰臺灣具永續ESG 表現、低碳密度特性，並兼顧股東權益報酬率之大型權值股績效表現。Open p.1 ↗ |
The index aims to reflect the performance of large-cap Taiwan stocks with sustainable ESG performance, low-carbon characteristics, and consideration of return on equity. |
| Market classification | Developed | 係以臺灣上市股票為母體，經流動性指標篩選後Open p.1 ↗ |
The index covers Taiwan-listed stocks. |
| Size segment | Large | 選取市值前50 大股票，運用自由流通市值加權，表彰臺灣具永續ESG 表現、低碳密度特性，並兼顧股東權益報酬率之大型權值股績效表現。Open p.1 ↗ |
The index targets large-cap stocks by selecting the top 50 by market value. |
| Index family type | ESG | 結合臺灣指數公司使用永續報告書、年報、政府資訊等公開資訊之「台灣永續評鑑」結果Open p.1 ↗ |
The index is an ESG and low-carbon strategy index. |
| Factor exposures | Quality | 以市值規模、財務指標作為篩選條件，選取市值前50 大股票，運用自由流通市值加權Open p.1 ↗ |
The methodology explicitly considers return on equity as a financial quality indicator. |
| M2 Universe · 6 fields | |||
| Eligible universe | 臺灣證券交易所上市普通股股票 | 指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗ |
The sampling universe is common stocks listed on the Taiwan Stock Exchange. |
| Sampling scope | 指數母體 | 2. 採樣範圍：指數母體。Open p.1 ↗ |
The sampling scope is the index universe. |
| Markets | Taiwan | 係以臺灣上市股票為母體，經流動性指標篩選後Open p.1 ↗ |
The eligible universe consists of Taiwan-listed stocks. |
| Exchanges | 臺灣證券交易所 | 指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗ |
The universe covers stocks listed on the Taiwan Stock Exchange. |
| Security types | Common | 指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗ |
The universe includes common stocks listed on the Taiwan Stock Exchange. |
| Exclusions | Securities publicly announced as having altered trading methods, Securities publicly announced as suspended from trading, Exception: stocks suspended solely because new share certificates were issued due to capital reduction, conversion into a holding company, newly established company, or par-value change may remain in the universe | 非屬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 ↗ |
Stocks under an altered trading method or trading suspension are excluded, except stocks suspended solely for replacement certificates following specified corporate changes. |
| M3 Eligibility screens · 11 fields | |||
| Sustainability report requirement | The most recent annual sustainability report must have been prepared and uploaded to the Public Information Observatory before the data cutoff used for the annual Taiwan Sustainability Assessment. | 納入已編製最近年度永續報告書，並於「台灣永續評鑑」年度評鑑所用資料截止日前，上傳至公開資訊觀測站者。Open p.2 ↗ |
A company must have prepared and uploaded its latest annual sustainability report by the assessment data cutoff. |
| Sustainability rating minimum | BBB | 計算「台灣永續得分率」，選取評等為BBB 級以上 2之公司Open p.2 ↗ |
The minimum Taiwan Sustainability Assessment rating is BBB. |
| Carbon density metric | Carbon emissions divided by annual operating revenue | 計算碳密度指標以進行篩選：碳密度指標：碳排放量5 / 年度營業收入。Open p.2 ↗ |
Carbon density is calculated as carbon emissions divided by annual operating revenue. |
| Carbon density screen | New candidates excluded threshold: Highest 20% by carbon density; Existing constituent retention threshold: Retained if not among the highest 10% by carbon density; Shortfall rule: If fewer than 50 stocks remain, fill the vacancies with stocks having relatively lower carbon density | 剔除碳密度指標前20%高的股票6，既有成分股若非屬碳密度指標前10%高者則保留。若剩餘檔數不足50 檔，則以碳密度指標相對低者補足。Open p.2 ↗ |
The highest 20% carbon-density stocks are excluded; existing constituents remain if outside the highest 10%, and lower-carbon stocks fill any shortfall. |
| Pre carbon screening pool | 100 stocks | 依自由流通市值遞減排序，選取前100 名股票，計算碳密度指標以進行篩選Open p.2 ↗ |
After the positive-ROE screen, the top 100 stocks by free-float market capitalization enter the carbon-density screening stage. |
| Trading history | Minimum value: 12 months; Exceptions: Newly listed stocks with less than one year of listing may qualify if free-float turnover reaches at least 1% in each of the most recent three months under review | 如初次上市股票未滿一年者，滿足審核近3 個月自由流通週轉率均達1%亦可。Open p.2 ↗ |
The standard liquidity review uses the most recent 12 months; stocks listed for less than one year may use a three-month initial-listing exception. |
| Liquidity screen | Metric: Liquidity ratio; Window: 12 months; Threshold: Free-float turnover ratio of at least 1% in at least 10 of the most recent 12 months; Buffer for existing: Existing constituents may qualify if at least 2 of the 3 months immediately before the current review have free-float turnover of at least 1%; New listing exception: Stocks listed for less than one year may qualify if free-float turnover is at least 1% in each of the most recent 3 months | 流動性檢驗：審核近12 個月的期間中，至少有10 個月自由流通週轉率達1%；既有成分股如未滿足上述條件，則當期審核的前3 個月中有2 個月的自由流通週轉率達1%亦可Open p.2 ↗ |
A security must have free-float turnover of at least 1% in at least 10 of the past 12 months, with easier short-period tests for existing constituents and newly listed stocks. |
| Minimum size | Metric: Rank; Threshold: Top 50 stocks by descending free-float market capitalization after screening | 3. 排序方式：依自由流通市值遞減排序，選取排名前50 名之股票。Open p.2 ↗ |
After the screens, stocks are ranked by descending free-float market capitalization and the top 50 are selected. |
| Financial screens | Positive after-tax ROE aggregated over the most recent four fiscal quarters | 自近四季稅後ROE 為正數者中，依自由流通市值遞減排序，選取前100 名股票Open p.2 ↗ |
Candidates must have positive after-tax return on equity over the most recent four quarters. |
| Business or ESG exclusions | Must have prepared the most recent annual sustainability report and uploaded it to the public information observatory before the data cutoff for the annual Taiwan Sustainability Assessment, Must have a Taiwan Sustainability Assessment rating of BBB or above, Companies blacklisted in the materiality assessment are removed, Companies on the most recent controversial-industry list under the specified controversial-industry screening rules are removed, The highest 20% of stocks by carbon density are removed; existing constituents are retained unless they are in the highest 10% by carbon density | 選取評等為BBB 級以上 2之公司，並剔除「重大性事3者。件評估」屬黑名單c. 爭議性產業評估：刪除最近一期依「運用台灣永續評鑑及相關模組編製指數之爭議性產業篩選規則」4評定之爭議性產業名單。Open p.2 ↗ |
The ESG screens require a timely sustainability report, BBB or better sustainability rating, no materiality blacklist or controversial-industry designation, and exclusion of high carbon-density companies. |
| Suspension rule | Securities announced as suspended from trading are excluded from the universe, except suspensions caused solely by issuance of replacement share certificates due to capital reduction, conversion to a holding company, newly established company, or par-value change. | 非屬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 ↗ |
Suspended stocks are excluded unless the suspension is solely due to specified share-certificate replacement events. |
| M5 Weighting and capping · 7 fields | |||
| Free float coefficient update timing | Updated to take effect on the effective date of the periodic constituent review. | 配合成分股定期審核生效日，更新自由流通量係數。Open p.5 ↗ |
Free-float factors are updated in conjunction with the effective date of the periodic constituent review. |
| Free float coefficient data source | Most recent data produced under the Taiwan Index Corporation Free Float Factor Compilation Rules. | Free-float factors are updated using the latest data produced under Taiwan Index Corporation's rules for compiling free-float factors. | |
| Weighting scheme | Free float market cap | 1. 自由流通市值加權。Open p.2 ↗ |
The index is weighted by free-float market capitalisation. |
| Free float factor | Method: Free float | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.5 ↗ |
Securities whose free-float factor is below 10% are excluded from constituent selection; the document does not provide factor bands. |
| Weight cap | 20% | 依自由流通市值作為計算標準，個別成分股權重不得超過20%，且前五大成分股權重總和不得超過65%Open p.2 ↗ |
An individual constituent's weight may not exceed 20%, subject to exceptions based on its weight in the Taiwan Capitalization Weighted Stock Index. |
| Group cap | Top n: 5; Aggregate (%): 65 | 個別成分股權重不得超過20%，且前五大成分股權重總和不得超過65%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 · 8 fields | |||
| Fixed constituent count | 50 constituents | 每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
Each periodic review selects a fixed count of 50 constituents. |
| Divisor maintenance basis | The divisor uses closing data on the trading day immediately before the periodic review effective date and calculates the market-capitalisation difference between the new and old constituent portfolios. | 指數除數維護方式，採成分股定期審核生效日前一交易日收盤資料，計算新成分股組合與原成分股組合之指數市値差異作為異動指數市值。Open p.4 ↗ |
The divisor is maintained using closing data on the trading day before the periodic review effective date, measuring the index market-capitalisation difference between the new and old portfolios. |
| Insufficient history company rule | If a holding company or newly established company lacks sufficient screening-data history for a periodic review, data for the representative company or stock may be combined when the converted-share representative company qualifies for the sampling universe. | 控股公司或新設公司定期審核使用之成分股篩選資料期間不足者，如轉換股份之代表公司符合採樣母體資格，得合併採用該代表公司或股票之資料。Open p.4 ↗ |
If a holding or newly established company lacks sufficient screening history, data from its qualifying converted-share representative company or stock may be combined. |
| Review frequency | Quarterly | 每年4 次進行成分股定期審核，3、6、9、12 月第7 個交易日為審核資料截止日8，其後第10 個交易日為審核基準日。Open p.4 ↗ |
Constituents are periodically reviewed four times per year. |
| Review types | Scheduled review, Ad hoc | 每年4 次進行成分股定期審核，3、6、9、12 月第7 個交易日為審核資料截止日8，其後第10 個交易日為審核基準日。Open p.4 ↗ |
The index has scheduled periodic constituent reviews and unscheduled constituent adjustments. |
| Review months | March, June, September, December | 每年4 次進行成分股定期審核，3、6、9、12 月第7 個交易日為審核資料截止日8，其後第10 個交易日為審核基準日。Open p.4 ↗ |
Periodic reviews occur in March, June, September and December. |
| Data cutoff rule | The review data cut-off is the seventh trading day of March, June, September and December, unless separate rules specify otherwise; the review reference date is the tenth trading day thereafter. | 每年4 次進行成分股定期審核，3、6、9、12 月第7 個交易日為審核資料截止日8，其後第10 個交易日為審核基準日。每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
The review data cut-off is the seventh trading day of March, June, September and December, unless separate rules specify otherwise; the review reference date is the tenth trading day thereafter. |
| Effective date rule | Periodic review results take effect five trading days after the review reference date. | 成分股定期審核結果，於審核基準日之後，間隔5 個交易日後生效。Open p.4 ↗ |
Periodic review changes become effective five trading days after the review reference date. |
| M8 Corporate actions, IPOs, ad-hoc changes · 5 fields | |||
| Replacement policy | None | 成分股若因此刪除，則不予遞補。Open p.5 ↗ |
When a constituent is removed through unscheduled corporate-action maintenance, it is not replaced. |
| Share or float change threshold | Unscheduled adjustments, coefficient products, issued shares and index divisor maintenance follow the TIP Index Series Corporate Actions General Rules. | 成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理Open p.5 ↗ |
Unscheduled adjustments and changes to coefficient products, issued shares and the divisor are handled under the TIP Index Series Corporate Actions General Rules. |
| Corporate actions guide ref | TIP 指數系列企業活動處理通則 | 依本公司「TIP 指數系列企業活動處理通則」辦理；成分股若因此刪除，則不予遞補。Open p.5 ↗ |
The referenced corporate-actions guide is the TIP Index Series Corporate Actions General Rules. |
| 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 · 12 fields | |||
| Base date | 2022-12-02 | 註1：基期設定為2022 年12 月2 日，基準指數設定為5000 點。Open p.4 ↗ |
The index base date is 2 December 2022. |
| Base value | 5,000 points | 註1：基期設定為2022 年12 月2 日，基準指數設定為5000 點。Open p.4 ↗ |
The base index level is set at 5,000 points. |
| Real time start date | 2023-01-09 | 臺灣ESG 低碳50 指數自2023 年1 月9 日起，於臺灣證券交易所交易時間內Open p.3 ↗ |
Real-time calculation and publication began on 9 January 2023. |
| Calculation agent | Taiwan Stock Exchange | 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 Commission compiles the index and entrusts the Taiwan Stock Exchange with calculation and real-time information transmission. |
| Formula type | Divisor | 臺灣ESG 低碳50 指數為「價格指數」：
指數市值× 基準指數指數=指數除數Open p.3 ↗ |
The index is calculated using a market capitalisation numerator divided by an index divisor, multiplied by the base index value. |
| Price source | Latest trade price | 於臺灣證券交易所交易時間內，每隔五秒以成分股最新成交價格計算及公布即時指數一次Open p.3 ↗ |
Real-time index values are calculated using constituents' latest transaction prices during TWSE trading hours. |
| Calculation frequency | Real time interval seconds: 5; Closing: Yes; Total return frequency: Daily close | 每隔五秒以成分股最新成交價格計算及公布即時指數一次，並於每日收盤後計算一次收盤指數。Open p.3 ↗ |
The price index is published every five seconds during trading hours and once after the daily close; the total return index is calculated and published once after the daily close. |
| Return variants | PR, GTR | 臺灣ESG 低碳50 指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗ |
The index has a price index and a total return index that incorporates cash dividends. |
| Dividend treatment | Cash dividends reflected in total return index | 就臺灣ESG 低碳50 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 is adjusted to include the return attributable to cash dividends. |
| Divisor adjustment | Post close constituent adjustments, Corporate actions under tip general rules, Changes in index market capitalisation | 收盤後成分股依本公司「TIP 指數系列企業活動處理通則」市值投資型指數調整指數除
數以維持指數連續性Open p.4 ↗ |
After the close, the divisor is adjusted for constituent or market-capitalisation changes under the TIP corporate-action rules 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 · 9 fields | |||
| Periodic constituent review | Yes | 臺灣指數公司依指數編製規則進行成分股定期審核。Open p.1 ↗ |
Taiwan Index Commission conducts periodic constituent reviews according to the index compilation rules. |
| Market capitalisation records | closing market capitalisation records for all constituents are retained | 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 Commission retains closing market capitalisation records for all constituent stocks. |
| General index rules reference | Taiwan Index Commission General Rules for Securities Indices | 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 the Taiwan Index Commission General Rules for Securities Indices. |
| Oversight body | Taiwan Index Commission | 臺灣指數公司依指數編製規則進行成分股定期審核。Open p.1 ↗ |
Taiwan Index Commission is responsible for compiling, maintaining and managing the index under its index compilation rules. |
| Change announcement | Taiwan Stock Exchange real-time information transmission | 委請臺灣證券交易所計算及即時資訊傳輸。Open p.1 ↗ |
The Taiwan Stock Exchange performs calculation and transmits real-time index information. |
| 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. |
| 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 · 31Model-written, for reference
- 1Index code IX0178 was supplied in the document identifier but is not printed bodies.
- 2No ISIN or third-party vendor tickers (Bloomberg, Refinitiv, Wind, local) are stated.
- 3No separate calculation agent, launch date, base date, base value, calculation currency, methodology version, or methodology date is stated.
- 4No numeric minimum free-float percentage is stated; the document only specifies free-float turnover and free-float market capitalization.
- 5No foreign ownership limit, foreign room, voting-rights, or minimum share price screen is stated.
- 6No explicit benchmark regulatory status or intended use such as ETF or derivatives underlying is stated.
- 7No listing board or company-nationality assignment rule is stated.
- 8The document text does not state explicit free-float factor bands.
- 9The document text does not specify foreign ownership-limit treatment or a domestic inclusion factor.
- 10The provided text does not state sector or country caps.
- 11The timing for applying weight caps (at review, daily or quarterly) is not stated.
- 12The source and update timing for shares outstanding are not stated separately from free-float factor updates.
- 13The divisor adjustment rule for maintaining index continuity is not stated.
- 14No announcement timing or publication channel for periodic review results was stated.
- 15No rank buffer, size-segment buffer, existing-constituent liquidity buffer or maximum turnover cap was stated.
- 16No fast-entry rule for large new listings was stated.
- 17No specific ad-hoc deletion triggers beyond reference to the separate corporate-actions rules were stated.
- 18No detailed merger, acquisition or spin-off treatment was stated beyond the reference to the TIP Index Series Corporate Actions General Rules.
- 19No deletion price was stated.
- 20No numerical threshold for implementing share or free-float changes between reviews was stated.
- 21No separate weight-rebalancing or weight-reset frequency was stated.
- 22No published index level precision or number of decimal places is stated.
- 23No withholding-tax basis for a net total return variant is stated; the document identifies only price and total return indices.
- 24No market disruption or market-closure calculation rule is stated.
- 25No recalculation or error-correction policy for published index levels is stated.
- 26No methodology review frequency, external review, consultation procedure, material-change definition or notice period is stated.
- 27No explicit index cessation policy is stated.
- 28No constituent publication frequency beyond the conduct of periodic reviews is stated.
- 29The specific corporate actions included in divisor adjustments are not enumerated; the document refers to the TIP corporate-action general rules.
- 30Not coveredM4 Selection and constituent count: not covered by this edition
- 31Not coveredM7 Buffers and turnover control: not covered by this edition
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 66 of 67 quotes found word for word in the PDF · includes general rules: General Principles for TIP Securities Indices v1.1.2, TIP Corporate Actions and Events Methodology v2.3.7
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