Index Methodology Hub
TIP TIP code IX0181

TIP Customized Taiwan Semiconductor Dividend Yield Index 臺灣半導體收益指數

General rules (3) ↗

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Also known as: 臺灣半導體收益指數 · IX0181 (TIP code)

Tracked by: 00927 (ETF)

At a glance

  • Weighting schemeDividend yield
  • Review frequencySemi-annual
  • Single cap15
  • Buffer15 / 46
  • Next dates
    • 2026-11 (month) data cutoff (estimated from the review rule)
    • 2026-12 (month) data cutoff (estimated from the review rule)
    +1 more
    • 2027-05 (month) data cutoff (estimated from the review rule)
Profile fields by outline item
FieldValueSource textReading (model)
M1 Identity, objective, classification · 12 fields
Target constituent count 30 securities
依照股利指標由高至低排序並篩選出30 檔股票。Open p.1 ↗
The index selects 30 constituent stocks.
Weighting scheme description Square root of total cash dividends distributed
成分股依照現金股利發放總額開平方根加權,以表彰兼具高股息、獲利能力及半導體代表性之股票投資組合績效表現。Open p.1 ↗
Constituents are weighted by the square root of their total cash dividends distributed.
Index name Taiwan Index Company Select Taiwan Listed and OTC Semiconductor Dividend Index
臺灣指數公司特選臺灣上市上櫃半導體收益指數(簡稱「臺灣半導體收益指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗
The official English rendering of the local index name is the Taiwan Index Company Select Taiwan Listed and OTC Semiconductor Dividend Index.
Index short name 臺灣半導體收益指數
臺灣指數公司特選臺灣上市上櫃半導體收益指數(簡稱「臺灣半導體收益指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗
The index is abbreviated as the Taiwan Semiconductor Dividend Index.
Local index name 臺灣指數公司特選臺灣上市上櫃半導體收益指數
臺灣指數公司特選臺灣上市上櫃半導體收益指數(簡稱「臺灣半導體收益指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗
The official local-language index name is 臺灣指數公司特選臺灣上市上櫃半導體收益指數.
Administrator Taiwan Index Company
臺灣指數公司特選臺灣上市上櫃半導體收益指數(簡稱「臺灣半導體收益指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗
Taiwan Index Company is the index provider identified in the index name.
Index family Taiwan Index Company income index family
臺灣指數公司特選臺灣上市上櫃半導體收益指數(簡稱「臺灣半導體收益指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗
The index is a Taiwan Index Company income-focused semiconductor index.
Objective 以表彰兼具高股息、獲利能力及半導體代表性之股票投資組合績效表現。
以表彰兼具高股息、獲利能力及半導體代表性之股票投資組合績效表現。Open p.1 ↗
The index aims to represent the performance of a stock portfolio combining high dividends, profitability, and semiconductor-industry representativeness.
Market classification Domestic
係以臺灣上市上櫃股票為母體,自半導體產業中篩選出通過流動性以及指標篩選之股票Open p.1 ↗
The index covers domestic Taiwan listed and OTC stocks.
Size segment Custom
通過參、二、1 及2 之股票依照股利指標2大小排序,選取前30檔為成分股。Open p.2 ↗
The document does not define a standard market-cap size segment; it selects 30 semiconductor stocks by dividend and screening criteria.
Index family type Dividend yield
通過參、二、1 及2 之股票依照股利指標2大小排序,選取前30檔為成分股。Open p.2 ↗
The index is dividend-income oriented and ranks stocks by dividend indicators.
Factor exposures Yield, Quality
近四季稅後ROE 為正數。Open p.2 ↗
The methodology emphasizes dividend yield and profitability through dividend indicators and positive ROE.
M2 Universe · 6 fields
Industry scope Semiconductor
採樣範圍:指數母體中,依臺灣證券交易所、中華民國證券櫃檯買賣中心之產業分類屬「半導體類」之股票。Open p.1 ↗
The sampling scope is limited to stocks classified in the semiconductor industry by the Taiwan Stock Exchange or Taipei Exchange.
Suspended share exchange exception Stocks suspended because new shares are exchanged due to capital reduction, conversion to a holding company, 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 because new shares are exchanged due to capital reduction, conversion to a holding company, 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 consists of Taiwan listed and OTC stocks.
Exchanges Taiwan Stock Exchange, Taipei Exchange
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 stocks listed on the Taiwan Stock Exchange and stocks traded OTC on the Taipei Exchange.
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 universe includes common stocks only.
Exclusions managed stocks, emerging stocks, stocks publicly announced as having altered trading methods, stocks publicly announced as suspended from trading
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, and stocks publicly designated for altered trading methods or trading suspension are excluded, subject to a stated exception for newly exchanged shares.
M3 Eligibility screens · 4 fields
May dividend approval screen At the May periodic review, annual dividend stocks are excluded if the board has not decided the cash dividend amount before the review data cutoff or if the stock has 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 cash-dividend stocks are excluded when the board has not approved the cash dividend amount by the data cutoff or when the stock has already gone ex-dividend before the effective date.
Selection ranking May review: rank by dividend indicator and select the top 30; December review: rank by estimated dividend indicator and select the top 30
排序方式:五月定審:通過參、二、1 及2 之股票依照股利指標2大小排序,選取前30檔為成分股。十二月定審:通過參、二、1 及2 之股票依照預估股利指標3大小排序,選取前30 檔成分股。Open p.2 ↗ (not found verbatim in the PDF)
At the May review, qualifying stocks are ranked by dividend indicator and the top 30 are selected; at the December review, they are ranked by estimated dividend indicator and the top 30 are selected.
Liquidity screen Metric: Average daily value; Window: lower of the most recent one month and most recent six months; Threshold: New candidates: 80,000,000; Existing constituents: 60,000,000; Currency: TWD; Buffer for existing: 60,000,000; Shortfall rule: If fewer than 50 securities pass, securities are added by descending average daily trading value until the count reaches 50
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50 檔,依日平均成交金額指標由Open p.2 ↗
Average daily trading value, defined as the lower of the one-month and six-month averages, must exceed NT$80 million for new candidates and NT$60 million for existing constituents; if fewer than 50 names qualify, names are filled in descending order of average daily trading value.
Financial screens After-tax ROE for the most recent four quarters must be positive.
指標篩選: 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 quarters.
M5 Weighting and capping · 7 fields
Individual weight floor (%) 0.5%
依現金股利發放總額開平方根作為計算標準,個別成分股權重不得超過15%或低於0.5%,且前五大成分股權重總和不得超過65%。Open p.2 ↗
Each constituent's weight may not be lower than 0.5%.
Dividend weighting measure Square root of total cash dividends
現金股利發放總額開平方根加權。Open p.2 ↗
Constituents are weighted by the square root of total cash dividends distributed.
Weighting scheme Dividend yield
現金股利發放總額開平方根加權。Open p.2 ↗
The index weights constituents by the square root of total cash dividends distributed.
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.4 ↗
Securities with a free-float factor below 10% are excluded, and the factor is updated at periodic review effective dates using the latest data produced under Taiwan Index Corporation's free-float factor rules.
Weight cap 15%
依現金股利發放總額開平方根作為計算標準,個別成分股權重不得超過15%或低於0.5%,且前五大成分股權重總和不得超過65%。Open p.2 ↗
Each constituent's weight may not exceed 15%.
Group cap Top n: 5; Aggregate (%): 65
依現金股利發放總額開平方根作為計算標準,個別成分股權重不得超過15%或低於0.5%,且前五大成分股權重總和不得超過65%。Open p.2 ↗
The aggregate weight of the top five 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 after review 30 constituents
每次定期審核後選取固定的成分股檔數30檔。Open p.4 ↗
Each regular review selects a fixed portfolio of 30 constituents.
Divisor maintenance basis Use closing data on the trading day immediately before the regular review effective date to calculate the market-capitalization 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 index divisor is maintained using the previous trading day's closing data before the regular review effective date to measure the market-capitalization change between the new and old portfolios.
Insufficient history company rule If a holding or newly established company lacks sufficient screening history, data from the share-conversion representative company or stock may be combined when that representative 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 ↗
For holding or newly established companies with insufficient regular-review data history, data from the qualifying share-conversion representative company or stock may be combined.
Review frequency Semi-annual
每年2 次進行成分股定期審核,以5 月的第17 個交易日、12 月的第7 個交易日為審核基準日,審核資料截至5 月的第10 個交易日、 11 月最後一個交易日。Open p.4 ↗
Constituents are reviewed twice per year.
Review types Semi annual review, Ad hoc
每年2 次進行成分股定期審核,以5 月的第17 個交易日、12 月的第7 個交易日為審核基準日Open p.4 ↗
The index has semiannual constituent reviews and may be adjusted irregularly for corporate events.
Review months May, December
以5 月的第17 個交易日、12 月的第7 個交易日為審核基準日,審核資料截至5 月的第10 個交易日、 11 月最後一個交易日。Open p.4 ↗
The two regular review reference dates fall in May and December.
Data cutoff rule Reviews: Review reference date: 17th trading day of May; Data cutoff: 10th trading day of May, Review reference date: 7th trading day of December; Data cutoff: last trading day of November
以5 月的第17 個交易日、12 月的第7 個交易日為審核基準日,審核資料截至5 月的第10 個交易日、 11 月最後一個交易日。Open p.4 ↗
For the May review, data are as of the 10th trading day of May against a 17th-trading-day reference date; for December, data are as of the last trading day of November against a 7th-trading-day reference date.
Effective date rule 5 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 ↗
Regular review changes take effect five trading days after the review reference date.
M7 Buffers and turnover control · 3 fields
Existing constituent priority Yes
處理後,以既有成分股優先,按排名挑選成分股。Open p.4 ↗
After applying the buffer process, existing constituents have priority, and constituents are then selected by rank.
Buffer zone Entry rank: 15; Exit rank: 46
排名在第15 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46 名之後則從指數成分股中刪除Open p.4 ↗
Stocks ranked within 15 are added, while existing constituents ranked after 46 are deleted.
Maximum turnover per review 8 constituents
惟12 月定審時為滿足至多替換8 檔之限制,排名在第46 名之後之既有成分股至多刪除8 檔Open p.4 ↗
At the December review, no more than eight existing constituents ranked after 46 may be deleted to limit replacements to eight.
M8 Corporate actions, IPOs, ad-hoc changes · 4 fields
Replacement policy None
成分股若因此刪除,則不予遞補。Open p.4 ↗
Constituents removed through irregular corporate-event maintenance are not replaced.
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Open p.4 ↗
Irregular constituent adjustments, coefficient products, outstanding shares, and index divisor maintenance follow the TIP Index Series Corporate Action Handling General Rules.
Ad-hoc deletion Delisting, Risk warning, Acquisition, Other
被合併公司終止上市上櫃日From TIP Corporate Actions and Events Methodology ↗
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 · 8 fields
Formula type Divisor
𝑛 ∑ 𝑐𝑝𝑖,𝑡× 𝑠𝑖,𝑡× 𝑝𝑖,𝑡 𝑖=1 × 5000 𝐼𝑛𝑑𝑒𝑥𝑡= 𝐷𝑖𝑣𝑖𝑠𝑜𝑟𝑡Open p.3 ↗
The index is calculated using an index divisor applied to index market capitalization.
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.2 ↗
The real-time index is calculated using constituents’ latest transaction prices.
Calculation frequency Real time interval seconds: 5; Closing calculation: Yes; Total return frequency: Daily after close
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,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.2 ↗
During exchange trading hours, the price index is calculated and published every five seconds, with a closing value after market close; the total return index is calculated and published once daily after close.
Return variants PR, GTR
臺灣半導體收益指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗
The index is published as 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.
臺灣半導體收益報酬指數,就臺灣半導體收益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.2 ↗
The total return index adjusts the price index for cash dividends in order to reflect returns including cash dividends.
Divisor adjustment after-close constituent adjustments, corporate action adjustments under the TIP SmartBeta corporate action rules
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 market close, the divisor is adjusted for constituent changes and corporate-action events under the TIP SmartBeta 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 · 11 fields
Index compiler Taiwan Index Company
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 index.
Calculation agent Taiwan Stock Exchange
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 calculation and real-time information transmission.
Periodic review authority Taiwan Index Company conducts periodic constituent reviews according to the index compilation rules.
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 Company conducts periodic constituent reviews in accordance with the index compilation rules.
Record retention Taiwan Index Company maintains closing market capitalization 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 capitalization records for all constituents.
General rules reference Principles for index compilation, maintenance, and administration follow the Taiwan Index Company General Rules for Securities Indexes.
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 ↗
Index compilation, maintenance, and administration principles refer to the Taiwan Index Company General Rules for Securities Indexes.
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.
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 · 29Model-written, for reference

  1. 1Index code, ISIN, and third-party vendor tickers are not stated.
  2. 2Launch date, base date, base value, calculation currency, methodology version, and methodology date are not stated.
  3. 3Calculation agent and whether it differs from the administrator are not stated.
  4. 4Parent index or parent universe index is not stated; the document defines a direct sampling universe rather than naming an index.
  5. 5Minimum listing history or trading-history requirement is not stated.
  6. 6Minimum market capitalization, free-float percentage, foreign room, voting-rights, minimum share price, and abnormal price-rise screens are not stated.
  7. 7Business or ESG exclusions beyond managed, emerging, altered-trading-method, and suspended securities are not stated.
  8. 8The precise definitions and formulas for dividend indicator, estimated dividend indicator, and the liquidity shortfall completion process are not fully shown.
  9. 9The document does not state when the 15%, 0.5%, or top-five 65% weight limits are applied.
  10. 10The document does not state sector or country weight caps.
  11. 11The document does not state foreign ownership limit treatment, domestic inclusion factors, shares outstanding source, or divisor adjustment rules.
  12. 12The document does not state how or when regular review results are announced before the effective date.
  13. 13The document does not specify a weight-rebalancing or factor-weight reset frequency separate from the semiannual constituent review.
  14. 14The document does not provide a size-segment buffer or a relaxed liquidity threshold for existing constituents.
  15. 15The document does not specify fast-entry criteria for large new listings.
  16. 16The document does not enumerate ad-hoc deletion triggers beyond referring irregular corporate-event maintenance to the separate TIP guide.
  17. 17The document does not state the deletion price for constituents removed between regular reviews.
  18. 18The document does not state a numerical threshold for implementing share or free-float changes between reviews.
  19. 19The document does not provide detailed merger or spin-off treatment.
  20. 20No published-index decimal precision was stated.
  21. 21No withholding-tax basis for a net total return variant was stated; the document identifies only price and total return indexes.
  22. 22No specific market-closure or market-disruption calculation rule was stated.
  23. 23No policy for recalculating or correcting published index levels was stated.
  24. 24No oversight committee or governance body beyond the index compiler was identified.
  25. 25No discretionary decision points were listed.
  26. 26No methodology review frequency, external review procedure, consultation procedure, or material-change definition was stated.
  27. 27No notice period for methodology or constituent changes was stated.
  28. 28No error correction, restatement, disclosure-channel, constituent-publication-frequency, or index-cessation policy was stated.
  29. 29Not coveredM4 Selection and constituent count: not covered by this edition

Read by a language model (doubao-seed-2.1-pro) on 2026-10-03 · prompt 1.2 · schema 1 · 62 of 63 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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