Also known as: 特選臺灣ESG低碳高息40指數 · IX0192 (TIP code)
Tracked by: 00930 (ETF)
At a glance
- Weighting schemeDividend yield
- Review frequencyAnnual constituent review plus three materiality reviews
- Single cap10
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 13 fields | |||
| Target constituent count | 40 securities | 依照排序指標由大到小選滿40 檔股票為成分股。Open p.3 ↗ |
The index selects 40 constituent stocks. |
| Weighting method | Dividend yield weighted | 依照股息殖利率與自由流通市值選取成分股40 檔並以股息殖利率加權Open p.1 ↗ |
Constituents are weighted by dividend yield. |
| Index name | Taiwan Index Company Select Taiwan Listed and Emerging ESG Low-Carbon High Dividend 40 Index | 臺灣指數公司特選臺灣上市上櫃ESG 低碳高息40 指數(簡稱「特選臺灣ESG低碳高息40 指數」)Open p.1 ↗ |
The document names the index as Taiwan Index Company Select Taiwan Listed and Over-the-Counter ESG Low-Carbon High Dividend 40 Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃ESG 低碳高息40 指數 | 臺灣指數公司特選臺灣上市上櫃ESG 低碳高息40 指數Open p.1 ↗ |
The traditional Chinese index name is Taiwan Index Company Select Taiwan Listed and Over-the-Counter ESG Low-Carbon High Dividend 40 Index. |
| Administrator | Taiwan Index Company | 臺灣指數公司特選臺灣上市上櫃ESG 低碳高息40 指數Open p.1 ↗ |
Taiwan Index Company is the index provider and administrator identified by the methodology. |
| Index family | Taiwan Index Company ESG indices | 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」1結果Open p.1 ↗ |
The index belongs to Taiwan Index Company's ESG and sustainability-screened index family. |
| Currency | TWD | 最近3 個日曆月日平均成交金額達新臺幣1,000 萬元Open p.3 ↗ |
The liquidity threshold is denominated in New Taiwan dollars. |
| Benchmark type | Not stated | — (not found verbatim in the PDF) |
The document does not state a regulatory benchmark classification. |
| Objective | 表彰臺灣具永續ESG 表現、低碳特性，與高股息兼具之投資組合績效表現。 | 表彰臺灣具永續ESG 表現、低碳特性，與高股息兼具之投資組合績效表現。Open p.1 ↗ |
The index is intended to represent the performance of a Taiwan portfolio combining sustainable ESG performance, low-carbon characteristics, and high dividends. |
| Market classification | Domestic | 係以臺灣上市上櫃股票為母體Open p.1 ↗ |
The index covers domestic Taiwan listed and over-the-counter stocks. |
| Size segment | Custom | 依照股息殖利率與自由流通市值選取成分股40 檔並以股息殖利率加權Open p.1 ↗ |
The index is a custom 40-stock selection rather than a standard market-cap size segment. |
| Index family type | Multi factor | 綜合考量企業碳排放量以及其對企業營收之影響，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」1結果，並考量配息穩定度Open p.1 ↗ |
The index combines ESG, low-carbon, dividend yield, stability, and free-float market capitalization criteria. |
| Factor exposures | Yield | 依照股息殖利率與自由流通市值選取成分股40 檔並以股息殖利率加權Open p.1 ↗ |
The explicitly captured factor exposure is dividend yield, supplemented by ESG and low-carbon screens. |
| M2 Universe · 5 fields | |||
| Suspended share swap exception | Stocks suspended because new shares are issued due to capital reduction or 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 ↗ |
A stock suspended solely because new shares are exchanged in specified corporate transformations may still be included. |
| Markets | Taiwan | 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 universe consists of Taiwan listed and over-the-counter stocks. |
| Exchanges | Taiwan Stock Exchange, Taipei Exchange | 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 stocks traded on the TPEx emerging/over-the-counter market. |
| Security types | Common | 上櫃普通股股票Open p.1 ↗ |
The universe is limited to common stocks. |
| Exclusions | managed stocks, emerging stocks, stocks with changed trading methods, suspended stocks, innovation board stocks | 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-market stocks, stocks with changed trading methods, suspended stocks, and Innovation Board stocks are excluded, subject to a share-swap exception. |
| M3 Eligibility screens · 7 fields | |||
| Carbon screen | Data scope: scope 1 plus scope 2 carbon emissions; Criteria: Either carbon emissions divided by annual revenue rank in the lowest 50%, or cumulative absolute carbon emissions in ascending order are below 50% | 相對碳排：計算碳排放量4 / 年度營業收入，且計算結果i.屬前50%低者。 ii. 絕對碳排：將碳排放量遞增排序後計算累積百分比，且累積百分比低於50%者。Open p.3 ↗ |
A company must have scope 1 and 2 emissions data and meet either the relative-emission bottom-50% test or the absolute cumulative-emission below-50% test. |
| Sustainability rating | Minimum rating: BBB; Score rate percentile: 42.5 | 依照「台灣永續評鑑」最近一期評鑑社會、經濟、環境、揭露四大構面評鑑分數進行排序，計算「台灣永續得分率」，選取評等為 BBB 級以上5之公司Open p.3 ↗ |
Companies must have a Taiwan Sustainability Assessment rating of BBB or above, defined as the top 42.5% by score rate. |
| Dividend history | Minimum years: 3 years; Requirement: Cash dividends paid in each of the most recent three years | f. 納入近三年皆有配發現金股利者。Open p.3 ↗ |
Companies must have paid cash dividends in each of the most recent three years. |
| Selection score | Z(dividend yield) + Z(free-float market capitalization) | 排序方式：排序指標 = Z(股息殖利率) + Z(自由流通市值)，當中Z(x)為標準化函數7，依照排序指標由大到小選滿40 檔股票為成分股。Open p.3 ↗ |
Securities are ranked by the sum of standardized dividend yield and standardized free-float market capitalization. |
| High energy pollution industries | oil, gas and utilities, Cement, Plastics, Steel, Shipping, Papermaking, glass and ceramics | 油電燃氣業、水泥工業、塑膠工業、鋼鐵工業、航運業、造紙工業以及玻璃陶瓷業者Open p.3 ↗ |
High energy-consuming and high-pollution industries include oil, gas and utilities, cement, plastics, steel, shipping, papermaking, and glass and ceramics. |
| Liquidity screen | Metric: Liquidity ratio; Window: 3 calendar months or 12 calendar months; Threshold: Average daily trading value of at least TWD 10 million over the latest 3 calendar months, or free-float turnover of at least 3% in at least 8 of the latest 12 calendar months | 流動性檢驗：滿足以下任一條件視為通過流動性篩選： a. 最近3 個日曆月日平均成交金額達新臺幣1,000 萬元。 b. 最近12 個日曆月中，至少有8 個月自由流通週轉率達3%。Open p.3 ↗ |
A security passes liquidity if its latest three-calendar-month average daily trading value is at least TWD 10 million, or its free-float turnover is at least 3% in at least 8 of the latest 12 calendar months. |
| Business or ESG exclusions | Companies blacklisted under the Taiwan Sustainability Assessment material-event rules, Companies on the controversial-industry list, High energy-consuming and high-pollution industries, Companies without a current-year sustainability report uploaded to the public information observatory, Companies without carbon-emission data | 編製最近年度永續報告書，並上傳至公開資訊觀測站。Open p.3 ↗ |
Eligibility requires a sustainability report, carbon data, no material-event blacklist status, no controversial-industry status, and exclusion of high energy-consuming and high-pollution industries. |
| M4 Selection and constituent count · 1 field | |||
| Minimum free float factor for sampling | 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 not included in constituent sampling. |
| M5 Weighting and capping · 6 fields | |||
| Individual weight liquidity free float combined limit | Multiple: 5; Metric: 自由流通市值占比+近3個月平均成交金額占比 | 個別成分股權重不得超過以下指標的5 倍：自由流通市值占比+近3 個月平均成交金額占比2Open p.3 ↗ |
An individual constituent's weight may not exceed five times the sum of its free-float market-capitalisation share and its average trading-value share over the most recent three months. |
| Separate rules override | If separate rules have been prescribed, those separate rules apply. | 如有另行訂定者，則依另訂之規則。Open p.5 ↗ |
Where separate rules are separately prescribed, those separate rules govern. |
| Weighting scheme | Dividend yield | 股息殖利率加權。Open p.3 ↗ |
The index weights constituents by dividend yield. |
| Free float factor | Method: Free float | 配合成分股定期審核生效日，更新自由流通量係數。Open p.5 ↗ |
The free-float factor is updated on the scheduled review effective date using the latest data produced under the provider's free-float factor rules. |
| Weight cap | 10% | 個別成分股權重不得超過10%。Open p.3 ↗ |
Each constituent's weight may not exceed 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 · 11 fields | |||
| Fixed constituent count after review | 40 constituents | 每年1 次進行成分股定期審核，6 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40 檔。Open p.4 ↗ |
Each regular constituent review selects a fixed count of 40 constituents. |
| Divisor maintenance data basis | Closing data on the trading day immediately before the regular review effective date are used to calculate the market-capitalisation change. | 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.5 ↗ |
The divisor is maintained using closing data on the trading day immediately before the regular review effective date to calculate the market-capitalisation difference between the new and old constituent portfolios. |
| Holding or new company data rule | If screening data for a holding company or newly established company are insufficient, data from the represented 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.5 ↗ |
For a holding company or newly established company with insufficient regular-review screening data, data from the qualifying representative company or stock may be combined. |
| Review frequency | Annual constituent review plus three materiality reviews | 每年1 次進行成分股定期審核，6 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40 檔。Open p.4 ↗ |
The index conducts one regular constituent review per year and three material-event or controversial-industry reviews per year. |
| Review types | Annual review, Scheduled review, Ad hoc | 每年1 次進行成分股定期審核，6 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 ↗ |
Review types include the annual constituent review, scheduled material-event and controversial-industry reviews, and unscheduled constituent adjustments. |
| Review months | 3, 6, 9, 12 | 每年1 次進行成分股定期審核，6 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 ↗ |
Regular constituent review data are cut off in June, while material-event and controversial-industry reviews use March, September and December cut-offs. |
| Data cutoff rule | Regular annual review: 7th trading day of June; Materiality reviews: 7th trading day of March, 7th trading day of September, 7th trading day of December; Reference date: 10th trading day after the data cut-off | 每年1 次進行成分股定期審核，6 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40 檔。Open p.4 ↗ |
The annual review uses the seventh trading day of June as the data cut-off and the tenth trading day thereafter as the reference date; materiality reviews use the seventh trading day of March, September and December. |
| Announcement rule | — | — (not found verbatim in the PDF) |
The document does not state when or how review results are announced. |
| 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 constituent review results become effective five trading days after the review reference date. |
| Rebalance frequency | — | — (not found verbatim in the PDF) |
The document does not specify a weight-rebalancing frequency separate from constituent reviews. |
| Weight reset frequency | — | — (not found verbatim in the PDF) |
The document does not state how often capped or factor weights are reset. |
| M8 Corporate actions, IPOs, ad-hoc changes · 5 fields | |||
| Coefficient product maintenance reference | Coefficient-product maintenance follows the TIP Index Series Corporate Action General Rules. | 特選臺灣ESG 低碳高息40 指數為SmartBeta 投資型指數，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 ↗ |
Maintenance of coefficient products is handled under the TIP Index Series Corporate Action General Rules. |
| Ad-hoc deletion | Other | 每年進行3 次成分股重大性事件及爭議性產業審核，剔除經「台灣永續評鑑之重大性事件處理規則」評定為黑名單、或經「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」評定屬爭議性產業者；以3、9、12 月的第7 個交易日為審核資料截止日，其後第10 個交易日為審核基準日。若成分股因重大性事件或爭議性產業審核被剔除，則不遞補。Open p.4 ↗ |
Constituents may be removed outside scheduled reviews under the corporate-action rules, or if identified as blacklisted due to material events or as controversial-industry companies; deleted constituents are not replaced. |
| Replacement policy | None | 若成分股因重大性事件或爭議性產業審核被剔除，則不遞補。Open p.4 ↗ |
No replacement is made when a constituent is removed because of material events, controversial-industry review, or corporate-action maintenance. |
| Corporate actions guide ref | TIP 指數系列企業活動處理通則 | 特選臺灣ESG 低碳高息40 指數為SmartBeta 投資型指數，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 ↗ |
Unscheduled constituent adjustments, coefficient products, issued shares, and index divisor maintenance follow the TIP Index Series Corporate Action 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 · 11 fields | |||
| 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 commissions the Taiwan Stock Exchange to calculate it and transmit real-time information. |
| Base date | 2023-04-26 | 註1：基期設定為2023 年4 月26 日，基準指數設定為5000 點。Open p.4 ↗ |
The base date is set as 26 April 2023. |
| Base level | 5,000 points | 註1：基期設定為2023 年4 月26 日，基準指數設定為5000 點。Open p.4 ↗ |
The base index level is set at 5,000 points. |
| Formula type | Divisor | 指數市值× 基準指數指數=指數除數Open p.4 ↗ |
The index is calculated using an index divisor applied to index market capitalisation. |
| 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 ↗ |
The real-time index is calculated using the latest traded price of each constituent. |
| 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 ↗ |
The price index is published every five seconds during market hours and once at the close, while the total return index is calculated once after the close. |
| Return variants | PR, GTR | 特選臺灣ESG 低碳高息40 指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗ |
The document publishes a price index and a total return index that includes cash dividends. |
| Dividend treatment | Cash dividends adjusted into total return index | 臺灣指數公司另編製特選臺灣ESG 低碳高息40 報酬指數，就特選臺灣ESG 低碳高息40 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 for cash dividends to reflect returns including cash dividends. |
| Divisor adjustment | Post close constituent changes per 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.4 ↗ |
After market close, the divisor is adjusted for constituent 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 | |||
| General index rules reference | Taiwan Index Commission Securities Index General Rules | 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. |
| Market capitalisation records | Closing market capitalisation records 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 constituents. |
| Corporate actions guide reference | TIP Index Series Corporate Action Handling General Rules - SmartBeta investment indices | 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 ↗ |
Coefficients and divisor adjustments follow the TIP Index Series corporate action rules for SmartBeta investment indices. |
| Oversight body | Taiwan Index Commission | 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 is responsible for compiling the index and conducting periodic constituent reviews. |
| 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 · 36Model-written, for reference
- 1Index vendor code, ISIN, and third-party tickers are not stated.
- 2Launch date, base date, base value, methodology version, and methodology date are not stated.
- 3Calculation agent is not separately identified.
- 4No minimum listing or trading-history requirement is stated.
- 5No minimum market capitalization or rank threshold for eligibility is stated.
- 6No standalone minimum free-float percentage is stated, although free-float market capitalization and turnover are used.
- 7No foreign ownership limit, foreign room, voting-rights, or minimum-price screen is stated.
- 8No specific review-time suspension treatment beyond the universe exclusion and share-swap exception is stated.
- 9No abnormal or extreme price-rise exclusion is stated.
- 10The intended uses, such as ETF or derivatives benchmarking, are not explicitly stated.
- 11Index family type is inferred from mixed ESG, low-carbon, dividend, and market-cap criteria because the supplied enum has no direct ESG plus dividend token.
- 12No explicit free-float factor bands were stated.
- 13No domestic inclusion factor, foreign ownership-limit treatment, group cap, sector cap, country cap, cap application timing, shares-outstanding source or divisor adjustment rule was stated.
- 14The stated schedule combines an annual constituent review with three materiality reviews, so it does not map to a single review-frequency enum.
- 15No announcement timing or publication channel for review results is stated.
- 16No separate weight-rebalancing or weight-reset frequency is stated.
- 17No rank buffer, size-segment buffer, liquidity buffer for existing constituents, or maximum turnover per review is stated.
- 18No fast-entry rule for large new listings is stated.
- 19Specific merger, acquisition and spin-off treatments are not provided; the section only refers to the separate TIP corporate-action guide.
- 20No deletion price is stated.
- 21No threshold for implementing share or free-float changes between reviews is stated.
- 22Calculation returns.precision: published index decimal places were not stated.
- 23Withholding tax basis: no withholding-tax basis or net total return variant was stated.
- 24Market disruption rule: no market closure or disruption calculation rule was stated.
- 25Recalculation policy: no policy for correcting published index levels was stated.
- 26Discretion points: no discretionary situations were stated.
- 27Methodology review frequency: no frequency for reviewing the methodology itself was stated.
- 28External review: no external review process was stated.
- 29Material change definition: no definition of material methodology change was stated.
- 30Consultation procedure: no consultation procedure was stated.
- 31Notice period: no notice period for changes was stated.
- 32Error correction policy: no error correction or restatement policy was stated.
- 33Change announcement: no specific disclosure channels beyond real-time transmission and daily publication were stated.
- 34Constituents published: whether and how often a constituent list is published were not stated.
- 35Cessation policy: no index discontinuation policy was stated.
- 36Not 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 · 64 of 64 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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