Also known as: 特選臺灣科技優息指數 · IX0179 Index (Bloomberg) · IX0179 (TIP code)
Tracked by: 00929 (ETF)
At a glance
- Weighting schemeDividend yield
- Review frequencySemi-annual
- Single cap10
- Buffer35 / 65
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 9 fields | |||
| Target constituent count | 50 securities | 再以股息殖利率擇優選取50 檔成分股並配置權重Open p.1 ↗ |
The index selects 50 constituent stocks. |
| Index name | Taiwan Index Company Select Taiwan Listed and OTC Tech Dividend Index | 臺灣指數公司特選臺灣上市上櫃科技優息指數(簡稱「特選臺灣科技優息指數」)係以臺灣科技相關產業之上市上櫃公司為母體Open p.1 ↗ |
The document names the index as the Taiwan Index Company Select Taiwan Listed and OTC Technology Dividend Index. |
| Index short name | 特選臺灣科技優息指數 | 臺灣指數公司特選臺灣上市上櫃科技優息指數(簡稱「特選臺灣科技優息指數」)Open p.1 ↗ |
The short name used in the document is Select Taiwan Technology Dividend Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃科技優息指數 | 臺灣指數公司特選臺灣上市上櫃科技優息指數(簡稱「特選臺灣科技優息指數」)Open p.1 ↗ |
The official local-language index name is 臺灣指數公司特選臺灣上市上櫃科技優息指數. |
| 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科技優息指數Open p.1 ↗ |
The index belongs to Taiwan Index Company's select-index series. |
| Objective | 表彰臺灣最富競爭力的科技產業中具備穩定股息之股票組合績效表現 | 再以股息殖利率擇優選取50 檔成分股並配置權重，以表彰臺灣最富競爭力的科技產業中具備穩定股息之股票組合績效表現。Open p.1 ↗ |
The index measures the performance of a portfolio of stable-dividend stocks in Taiwan's most competitive technology industries. |
| Size segment | Custom | 經流動性檢驗後，依波動、股息及穩定度、長短期本益比乖離、財務等指標篩選股票，再以股息殖利率擇優選取50 檔成分股並配置權重Open p.1 ↗ |
The index uses a custom technology dividend selection rather than a standard market-cap size segment. |
| Index family type | Dividend yield | 排序方式：依照股息殖利率2遞減排序，選取排名前50 名之股票3。Open p.2 ↗ |
The methodology is a dividend-yield strategy that selects and ranks stocks by dividend yield. |
| Factor exposures | Yield, Quality, Low volatility | 依波動、股息及穩定度、長短期本益比乖離、財務等指標篩選股票，再以股息殖利率擇優選取50 檔成分股並配置權重Open p.2 ↗ |
The selection emphasizes dividend yield, financial quality, stability and low volatility. |
| M2 Universe · 8 fields | |||
| Eligible universe | Eligible universe | 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 sampling universe is common stocks listed on the Taiwan Stock Exchange or traded OTC on the Taipei Exchange. |
| Industry scope | 生技醫療類, 半導體類, 電腦及週邊設備類, 光電類, 通信網路類, 電子零組件類, 電子通路類, 資訊服務類, 其他電子類, 綠能環保類, 數位雲端類 | 屬生技醫療類、半導體類、電腦及週邊設備類、光電類、通信網路類、電子零組件類、電子通路類、資訊服務類、其他電子類、綠能環保類以及數位雲端類者，且非屬創新板之股票。Open p.1 ↗ |
The sampling scope is limited to specified biotechnology, semiconductor, computer, optoelectronics, communications, electronics, green energy and digital cloud industry categories. |
| New certificate exception | Yes | 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 whose trading is halted because new share certificates are issued due to capital reduction, conversion to a holding or newly established company, or par-value change may remain in 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 universe covers listed and OTC companies in Taiwan. |
| 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 stocks listed on the Taiwan Stock Exchange and the Taipei Exchange over-the-counter market. |
| Boards | Listed, OTC | 且非屬創新板之股票。Open p.1 ↗ |
The universe covers Taiwan listed and OTC stocks, while excluding the Innovation Board. |
| Security types | Common | 普通股股票；非屬管理股票、興櫃股票及經公告為變更交易方法或停止買賣股票者Open p.1 ↗ |
The universe consists of common stocks. |
| Exclusions | managed stocks, emerging stocks, stocks publicly notified as having changed trading methods, stocks publicly notified as suspended from trading, Innovation Board stocks, industries outside the specified technology-related categories | 非屬管理股票、興櫃股票及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, emerging stocks, stocks with changed trading methods or trading suspensions, and Innovation Board stocks are excluded. |
| M3 Eligibility screens · 15 fields | |||
| Investability screens | Investability screens | 通過流動性檢驗之股票需符合下列每一指標。Open p.2 ↗ |
Stocks must pass liquidity, market-capitalization, volatility, dividend, valuation and financial screens before final ranking. |
| Twelve month trading value rank | Metric: Trading value; Window: latest 12 months; Threshold: 20; Direction: Top | 最近12 個月成交金額總額由大到小排序屬前20%。Open p.2 ↗ |
One alternative first-condition test is ranking in the top 20% by total trading value over the latest 12 months. |
| Free float turnover test | Metric: Free float turnover; Window: latest 12 months; Minimum months meeting threshold: 8; Monthly threshold: 3 | 最近12 個月中，至少有8 個月自由流通週轉率達3%。Open p.2 ↗ |
The other alternative first-condition test requires free-float turnover of at least 3% in at least 8 of the latest 12 months. |
| One month low trading value exclusion | Metric: Trading value; Window: latest 1 month; Excluded bottom percent: 20 | 剔除採樣範圍中最近1 個月成交金額總額由大到小排序屬後20%。Open p.2 ↗ |
Stocks in the bottom 20% by total trading value over the latest month are excluded. |
| Issued market capitalization | Rank limit: 200; Minimum value: 5,000,000,000; Currency: TWD | 發行市值屬採樣範圍前200 大且達新台幣50 億元。Open p.2 ↗ |
Issued market capitalization must be among the top 200 in the sampling scope and at least NT$5 billion. |
| Low volatility screen | Metric: exponentially smoothed volatility of 252-day adjusted daily returns; Threshold: lowest 90% | 252 日還原日報酬之指數平滑波動度1屬前90%低。Open p.2 ↗ |
The exponentially smoothed volatility of 252-day adjusted daily returns must be among the lowest 90%. |
| Dividend yield screen | Metric: average dividend yield; Window: latest 3 years; Threshold: top 90% | 最近3 年平均股息殖利率屬前90%高。Open p.2 ↗ |
Average dividend yield over the latest three years must rank among the top 90%. |
| Cash dividend stability screen | Metric: coefficient of variation of cash dividends; Window: latest 5 years; Threshold: lowest 90% | 最近5 年現金股利變異係數屬前90%低。Open p.2 ↗ |
The coefficient of variation of cash dividends over the latest five years must rank among the lowest 90%. |
| Pe deviation screen | Metric: difference between 5-year average P/E and latest 3-month average P/E; Threshold: top 90% | 最近5 年平均本益比與最近3 個月平均本益比之差額屬前90%高。Open p.2 ↗ |
The difference between the five-year average P/E and the latest three-month average P/E must rank among the top 90%. |
| Return on equity screen | Metric: return on equity; Period: three consecutive years; Required sign: Positive | 連續三年股東權益報酬率為正值。Open p.2 ↗ |
Return on equity must be positive for three consecutive years. |
| June review ex dividend annual payout exclusion | Yes | 6 月定審排除生效日前已除息之年配息股票。Open p.2 ↗ |
Annual-dividend stocks that have already gone ex-dividend before the effective date of the June periodic review are excluded. |
| Ranking and selection | Ranking metric: dividend yield; Order: Descending; Selected count: 50 | 排序方式：依照股息殖利率2遞減排序，選取排名前50 名之股票3。Open p.2 ↗ |
Stocks are ranked by descending dividend yield and the top 50 are selected. |
| Liquidity screen | Metric: Liquidity ratio; Window: 12 months for the primary tests; 1 month for the bottom-quintile exclusion; Threshold: Must satisfy either top 20% by total trading value over the latest 12 months or at least 8 of the latest 12 months with free-float turnover of at least 3%; must not be in the bottom 20% by total trading value over the latest month | 流動性檢驗：以下三項條件皆需符合方通過流動性檢驗。 a. 兩者擇一符合則通過條件一： i. 最近12 個月成交金額總額由大到小排序屬前20%。Open p.2 ↗ |
A stock passes liquidity testing if it meets one of two 12-month activity tests, is not in the bottom 20% by latest-month trading value, and meets the market-capitalization condition. |
| Minimum size | Metric: Rank; Threshold: Within the top 200 by issued market capitalization in the sampling scope and issued market capitalization of at least TWD 5 billion | c. 條件三：發行市值屬採樣範圍前200 大且達新台幣50 億元。Open p.2 ↗ |
A stock must rank among the top 200 by issued market capitalization in the sampling scope and have issued market capitalization of at least NT$5 billion. |
| Financial screens | Positive return on equity for three consecutive years, Average dividend yield over the latest 3 years ranks in the top 90%, Coefficient of variation of cash dividends over the latest 5 years ranks in the lowest 90%, Difference between 5-year average P/E and latest 3-month average P/E ranks in the top 90% | b. 最近3 年平均股息殖利率屬前90%高。 c. 最近5 年現金股利變異係數屬前90%低。 d. 最近5 年平均本益比與最近3 個月平均本益比之差額屬前90%高。 e. 連續三年股東權益報酬率為正值。Open p.2 ↗ |
Candidates must pass dividend stability, valuation and profitability screens, including positive return on equity for three consecutive years. |
| M4 Selection and constituent count · 2 fields | |||
| Dividend preference at december review | Companies with cash dividends paid in at least two of the most recent four quarters are prioritized for inclusion in the December regular review. | 12 月定審優先納入最近4 季現金股利發放達2 次以上之公司。Open p.2 ↗ |
At the December review, companies that paid cash dividends in at least two of the most recent four quarters are given priority for inclusion. |
| Free float eligibility threshold | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.5 ↗ |
A security with a free-float factor below 10% is not included in the constituent sample. |
| M5 Weighting and capping · 9 fields | |||
| Weight constraints by trading value and investable capacity | A constituent's weight may not exceed five times the sum of its free-float market-capitalization share and twice its trailing-three-month average trading-value share; under the assumed assets-under-management test, its investment amount may not exceed 6% of issued market value or 15% of free-float market value. | 個別成分股的權重上限為10%，同時不得超過以下任一指標： a. 下列指標之5 倍： 自由流通市值占比+ 近3 個月平均成交金額占比2 b.Open p.2 ↗ |
Each constituent's weight is capped by a liquidity and capacity test based on free-float market value, three-month average trading value, and an assumed assets-under-management amount. |
| Assumed assets under management scaling | The assumed assets under management are set at 1.2 times all assets tracking the index and are unconditionally rounded up to a multiple of NT$25 billion. | 設定「預擬資產管理規模」為所有追蹤特選臺灣科技優息指數之資產4的1.2 倍、並無條件進位至新台幣250 億元之倍數。Open p.2 ↗ |
Assumed assets under management equal 1.2 times all assets tracking the index and are rounded up unconditionally to a multiple of NT$25 billion. |
| Dividend yield formula | Dividend yield equals the most recent annual cash dividend divided by the closing price on the data cutoff date; if that dividend has not yet been announced, it is estimated as the most recent annual EPS multiplied by the three-year average cash-dividend payout ratio. | 股息殖利率=最近一年度現金股利 / 資料截止日收盤價；若最近一年度現金股利於資料截止日當下尚未公布，則採用最近一年度每股盈餘 × 近三年現金股利發放率平均值預估。Open p.2 ↗ |
Dividend yield is calculated using the latest annual cash dividend over the cutoff-date closing price, with an EPS-based estimate when the dividend has not been announced. |
| Free float factor update timing | Updated on periodic review effective date | 配合定期審核生效日，更新自由流通量係數。Open p.5 ↗ |
The free-float factor is updated to coincide with the effective date of periodic reviews. |
| Free float factor data source | Taiwan Index Company free-float factor compilation rules, latest available data | 自由流通量係數依據臺灣指數公司「自由流通量係數編製規則」產製之最近期數據更新。Open p.5 ↗ |
The free-float factor is updated using the most recent data produced under Taiwan Index Company's free-float factor compilation rules. |
| Weighting scheme | Dividend yield | 股息殖利率加權。Open p.2 ↗ |
Constituents are weighted by dividend yield. |
| 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 ↗ |
A free-float factor is used; securities with a factor below 10% are excluded, and the factor is updated periodically from Taiwan Index Company data. |
| Weight cap | 10% | 個別成分股的權重上限為10%，同時不得超過以下任一指標：Open p.2 ↗ |
Each constituent has a maximum weight of 10%. |
| 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 · 12 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. |
| Weight review reference date | The weight-review reference date is the seventh trading day after the February or August data cutoff. | 並以其後之第7 個交易日為審核基準日。若無上述逾權重上限之情事，則不處理。Open p.5 ↗ |
If a weight cap is breached, the weight-review reference date is the seventh trading day after the February or August cutoff. |
| Divisor maintenance data basis | Divisor maintenance uses closing data on the trading day immediately preceding each day of the periodic-review transition period to calculate the market-capitalisation difference. | 指數除數維護方式，採定期審核之指數調整過渡期各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.5 ↗ |
For divisor maintenance, the index uses the prior trading day's closing data during the transition period to calculate the market-capitalisation change between the new and old constituent portfolios. |
| Insufficient history data substitution | A holding company or newly established company with insufficient screening history may combine data from a representative converted-share company or stock if that representative qualifies for the eligible 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.5 ↗ |
For periodic reviews, a holding or newly established company lacking sufficient data may use combined data from a representative company or stock whose converted shares qualify for the eligible universe. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，6 月及12 月第7 個交易日為審核資料截止日6，其後第7 個交易日為審核基準日。Open p.4 ↗ |
Constituent reviews are conducted twice per year. |
| Review types | Semi annual review, Ad hoc | 每年2 次進行成分股定期審核，6 月及12 月第7 個交易日為審核資料截止日6，其後第7 個交易日為審核基準日。Open p.4 ↗ |
The index undergoes semiannual constituent reviews and may also be adjusted on an ad hoc basis. |
| Review months | June, December | 每年2 次進行成分股定期審核，6 月及12 月第7 個交易日為審核資料截止日6，其後第7 個交易日為審核基準日。Open p.4 ↗ |
Constituent reviews use data cutoffs in June and December. |
| Data cutoff rule | The seventh trading day of June and December is the review data cutoff, and the seventh trading day thereafter is the review reference date. | 每年2 次進行成分股定期審核，6 月及12 月第7 個交易日為審核資料截止日6，其後第7 個交易日為審核基準日。Open p.4 ↗ |
For each June and December review, the data cutoff is the seventh trading day of that month, with the review reference date on the seventh trading day afterward. |
| Announcement rule | — | — (not found verbatim in the PDF) |
The document does not state when or how periodic review results are announced. |
| Effective date rule | Periodic review changes take effect five trading days after the review reference date, followed by an eight-trading-day transition period. | 定期審核結果，於審核基準日之後，間隔5 個交易日後生效；於指數定期審核生效日(含)起設有8 個交易日的指數調整過渡期，將定期審核異動之權重分配在8 個交易日內調整。Open p.5 ↗ |
Review results become effective five trading days after the review reference date, and related weight changes are spread over an eight-trading-day transition period beginning on the effective date. |
| Rebalance frequency | Semi-annual | 每年2 次進行權重定期審核，2 月及8 月最後一個交易日為審核資料截止日；若於審核資料截止日，任一成分股權重不符合參、三、 2 所定之權重上限Open p.5 ↗ |
Weight reviews are conducted twice per year, using the last trading day of February and August as the data cutoff. |
| Weight reset frequency | Semi annual only if cap breached | 每年2 次進行權重定期審核，2 月及8 月最後一個交易日為審核資料截止日；若於審核資料截止日，任一成分股權重不符合參、三、 2 所定之權重上限，超過部分將依成分股權重比例重新分配Open p.5 ↗ |
Weights are checked twice yearly, in February and August, and redistributed only if a constituent exceeds the specified weight cap. |
| M7 Buffers and turnover control · 5 fields | |||
| Candidate selection priority | Among ranks 36 through 65, existing constituents are prioritised and then constituents are selected according to ranking. | 處理後，將排名第36 至65 名視為候選成分股，以既有成分股優先，按排名挑選成分股。Open p.4 ↗ |
After applying entry and exit ranks, stocks ranked 36 to 65 form the candidate pool, with existing constituents selected first by rank. |
| Buffer zone | Entry rank: 35; Exit rank: 65 | 排名在第35 名以內之股票即納入成為指數成分股，既有成分股若排名在第65 名之後則從指數成分股中刪除；處理後，將排名第36 至65 名視為候選成分股，以既有成分股優先，按排名挑選成分股。Open p.4 ↗ |
Stocks ranked within 35 enter the index, while existing constituents ranked after 65 are deleted; ranks 36 through 65 are candidates with existing constituents prioritised. |
| Size segment buffer | — | — (not found verbatim in the PDF) |
The document provides a rank buffer but does not define a market-capitalisation size-segment buffer. |
| Liquidity buffer existing | — | — (not found verbatim in the PDF) |
No relaxed liquidity threshold for existing constituents is stated in these sections. |
| Maximum turnover per review | 24 constituents, 16 constituents | 惟需滿足6 月定審至多替換24 檔、12 月定審Open p.4 ↗ |
The June periodic review may replace at most 24 constituents, and the December periodic review may replace at most 16. |
| M8 Corporate actions, IPOs, ad-hoc changes · 10 fields | |||
| Coefficient product maintenance reference | Coefficient products are maintained under the TIP Index Series Corporate Action Processing 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 ↗ |
Maintenance of coefficient products follows the TIP Index Series corporate-action general rules. |
| Shares outstanding maintenance reference | Outstanding-share maintenance is handled under the TIP Index Series Corporate Action Processing 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 ↗ |
Changes to issued shares are maintained according to the TIP Index Series corporate-action general rules. |
| Divisor maintenance reference | Ad hoc index divisor maintenance is handled under the TIP Index Series Corporate Action Processing 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 ↗ |
Ad hoc index divisor maintenance follows the TIP Index Series corporate-action general rules. |
| Fast entry | — | — (not found verbatim in the PDF) |
The sections do not state a fast-entry rule for large newly listed securities. |
| Ad-hoc deletion | Other | 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；成分股若因此刪除，則不予遞補。Open p.5 ↗ |
Constituents may be removed through unspecified ad hoc adjustments handled under the corporate-actions guidelines, with the stated example limited broadly to such adjustments. |
| Replacement policy | None | 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；成分股若因此刪除，則不予遞補。Open p.5 ↗ |
If a constituent is deleted because of an ad hoc corporate-action adjustment, it is not replaced. |
| Deletion price | — | — (not found verbatim in the PDF) |
The price at which ad hoc deleted constituents leave the calculation is not stated. |
| Share or float change threshold | — | — (not found verbatim in the PDF) |
No threshold for implementing share or free-float changes between reviews is stated in these sections. |
| Corporate actions guide ref | TIP 指數系列企業活動處理通則 | 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；成分股若因此刪除，則不予遞補。Open p.5 ↗ |
Ad hoc constituent adjustments, coefficient products, outstanding shares, and index divisor maintenance follow the TIP Index Series Corporate Action Processing General Rules. |
| 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 · 10 fields | |||
| 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 ↗ |
The Taiwan Stock Exchange is entrusted with index calculation and real-time information transmission. |
| Market capitalization recordkeeping | The administrator maintains closing market capitalization records for all constituent stocks. | 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 will maintain records of the closing market capitalization of all constituent stocks. |
| Formula type | Divisor | 特選臺灣科技優息指數為「價格指數」：指數市值× 基準指數指數=指數除數Open p.4 ↗ |
The price and total return indices are calculated using a divisor formula with a base index level. |
| Price source | Latest trade price | 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 ↗ |
Real-time index values are calculated using the latest traded prices of constituent stocks. |
| Calculation frequency | Real time interval seconds: 5; End of day: Yes | 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 ↗ |
Both the price and total return indices are published every five seconds during market hours and calculated once as a closing index after each day’s close. |
| Return variants | PR, GTR | 特選臺灣科技優息指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗ |
The index family includes a price index and a total return index. |
| Dividend treatment | The total return index is adjusted for cash dividends to reflect returns including cash dividends. | 臺灣指數公司另編製特選臺灣科技優息報酬指數，就特選臺灣科技優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 incorporates cash dividends so that it reflects total return including cash dividends. |
| Divisor adjustment | post_close constituent changes under the TIP Index Series Corporate Actions Guidelines for SmartBeta investment-type indices | 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.4 ↗ |
After the close, the divisor is adjusted for constituent changes under the TIP corporate-action rules for SmartBeta investment-type indices 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 | |||
| Index compiler | 臺灣指數公司 | 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 is responsible for compiling the index. |
| General 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 ↗ |
The principles for compiling, maintaining, and administering the index refer to Taiwan Index Company’s General Rules for Securities Indices. |
| Corporate actions guide reference | 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.4 ↗ |
Corporate-action and divisor adjustments follow the TIP Index Series Corporate Actions Guidelines for SmartBeta investment-type indices. |
| Methodology review frequency | Periodic review | 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 in accordance with the index compilation rules. |
| Oversight body | Index Compilation Committee | 本公司設立指數編製委員會，提供對指數編製、維護等的重大規則的相關諮詢和建議，並對其他涉及指數運作和業務發展的事項提供建議。From TIP General Principles for TIP Securities Indices ↗ |
The company establishes an Index Compilation Committee to provide consultation and recommendations on major index compilation and maintenance 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. |
| 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 · 28Model-written, for reference
- 1Index code, ISIN and third-party vendor tickers are not stated.
- 2Administrator and calculation agent are not explicitly stated, although the index name refers to Taiwan Index Company.
- 3Launch date, base date, base value, calculation currency, methodology version and methodology date are not stated.
- 4Benchmark regulation status, intended uses and stated limitations are not provided.
- 5Minimum listing or trading history is not stated.
- 6Minimum free-float percentage, foreign room, voting rights and minimum share price are not stated.
- 7Business or ESG exclusions are not stated.
- 8Suspension treatment at periodic review beyond universe exclusion is not stated.
- 9Abnormal or extreme price-rise screening is not stated.
- 10The document does not state whether the 10% weight cap and related capacity constraints are applied at reviews, daily, or on another schedule.
- 11The document does not specify foreign ownership limits or a foreign-room weight adjustment.
- 12The document does not provide a source or update schedule for shares outstanding.
- 13The document does not state a divisor adjustment rule for weight resets.
- 14The document does not provide explicit free-float factor bands beyond the 10% exclusion threshold.
- 15No announcement channel or announcement lead time for periodic review results is specified.
- 16No fast-entry size threshold, timing rule, or excluded boards for new listings are stated.
- 17No specific ad hoc deletion triggers such as delisting, suspension, risk warning, acquisition, bankruptcy, free-float decline, or extreme price are stated.
- 18No deletion price for constituents removed outside periodic reviews is stated.
- 19No threshold for interim share-count or free-float changes is stated.
- 20No market-capitalisation size-segment buffer is stated; the buffer is expressed only by rank.
- 21No relaxed liquidity threshold for existing constituents is stated.
- 22Substantive merger, acquisition, and spin-off treatment must be obtained from the referenced TIP Index Series Corporate Action Processing General Rules.
- 23No explicit published-index decimal precision was stated.
- 24No withholding-tax basis for a net total return variant was stated; only a total return index is identified.
- 25No market closure or disruption calculation rule was stated.
- 26No recalculation or published-level error correction policy was stated.
- 27No specific oversight committee or governance body was stated.
- 28No discretionary governance situations, external review, consultation procedure, material-change definition, notice period, disclosure channels, constituent publication frequency, or cessation policy were stated.
Read by a language model (doubao-seed-2.1-pro) on 2026-10-03 · prompt 1.2 · schema 1 · 83 of 83 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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