Also known as: 臺灣優選多因子30指數 · IX0193 (TIP code)
Tracked by: 00938 (ETF)
At a glance
- Weighting schemeFree float market cap
- Review frequencySemi-annual
- Single cap30
- Buffer21 / 39
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 11 fields | |||
| Constituent count | 30 securities | 依照近252 日報酬率波動度倒數遞減排序選取30 檔成分股。Open p.2 ↗ |
The index selects 30 constituent securities. |
| Weighting scheme | Free float adjusted market capitalization | 以自由流通市值加權，表彰臺灣上市上櫃股票中，市值代表性與獲利能力兼具之多因子投資組合績效表現。Open p.1 ↗ |
The index is weighted by free-float market capitalisation. |
| Index name | Taiwan Index Select Taiwan Listed and Emerging Market Preferred Multi-Factor 30 Index | 臺灣指數公司特選臺灣上市上櫃優選多因子30 指數Open p.1 ↗ |
The document gives the official Chinese name as 臺灣指數公司特選臺灣上市上櫃優選多因子30指數. |
| Index short name | 臺灣優選多因子30 指數 | 臺灣指數公司特選臺灣上市上櫃優選多因子30 指數(簡稱「臺灣優選多因子30 指數」)Open p.1 ↗ |
The index is abbreviated as the Taiwan Preferred Multi-Factor 30 Index in Chinese. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃優選多因子30 指數 | 臺灣指數公司特選臺灣上市上櫃優選多因子30 指數(簡稱「臺灣優選多因子30 指數」)Open p.1 ↗ |
The local-language index name is 臺灣指數公司特選臺灣上市上櫃優選多因子30指數. |
| Administrator | 臺灣指數公司 | 臺灣指數公司特選臺灣上市上櫃優選多因子30 指數Open p.1 ↗ |
Taiwan Index Company is the index provider identified by the index name. |
| Index family | 臺灣指數公司特選系列／多因子指數 | 自上市上櫃普通股中，篩選符合流動性檢驗、規模、財務品質與獲利兼具，排除下行風險高之股票Open p.1 ↗ |
The index belongs to Taiwan Index Company's select Taiwan listed/OTC multi-factor index family as described in the document. |
| Objective | 表彰臺灣上市上櫃股票中，市值代表性與獲利能力兼具之多因子投資組合績效表現。 | 以自由流通市值加權，表彰臺灣上市上櫃股票中，市值代表性與獲利能力兼具之多因子投資組合績效表現。Open p.1 ↗ |
The index aims to represent the performance of a multi-factor portfolio of Taiwan listed and OTC stocks combining market-capitalisation representativeness and profitability. |
| Size segment | Custom | 市值篩選：採樣母體中發行市值前300 大之股票。Open p.2 ↗ |
The index uses a size screen restricted to the 300 largest issued-market-cap stocks, then selects 30 constituents, so it is not simply a standard large- or mid-cap segment. |
| Index family type | Multi factor | 依照規模、價值成長以及低波動等投資因子篩選30 檔成分股Open p.1 ↗ |
The index is constructed using size, value-growth, and low-volatility investment factors. |
| Factor exposures | Size, Value, Growth, Quality, Low volatility, Momentum | 依照規模、價值成長以及低波動等投資因子篩選30 檔成分股；以自由流通市值加權Open p.1 ↗ |
The methodology explicitly uses size, value-growth, low volatility, financial quality/profitability, and 252-day return factors. |
| M2 Universe · 6 fields | |||
| Suspended share swap exception | Securities suspended because new shares are issued due to capital reduction or conversion into 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 because of a share swap tied to capital reduction, holding-company conversion, new-company formation, or par-value change may still be included. |
| 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 Taiwan listed and OTC equity markets. |
| Exchanges | 臺灣證券交易所, 中華民國證券櫃檯買賣中心 | 臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The universe includes common stocks listed on the Taiwan Stock Exchange and traded on the TPEx. |
| Boards | TPEx Innovation Board excluded | 採樣範圍：指數母體中非屬創新板之股票。Open p.1 ↗ |
The sampling range excludes stocks on the Innovation Board. |
| 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 eligible universe consists of common stocks. |
| Exclusions | Managed stocks, Emerging stocks, Securities announced as under changed trading method, Suspended securities, 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 stocks, stocks announced as having changed trading methods or suspended trading, and Innovation Board stocks are excluded, subject to a share-swap exception. |
| M3 Eligibility screens · 6 fields | |||
| Downside risk screen | Metric: inverse of 126-day downside risk; Threshold: top 75% | 下行風險：近126 日下行風險1之倒數達前75%高者。 d.Open p.2 ↗ |
A stock's inverse 126-day downside-risk measure must rank in the top 75%. |
| Factor score eligibility | Investment value score percentile: 40; Size score percentile alternative: 99 | 投資價值分數2達第40 百分等級或規模分數3達第99 百分等級之合格股票4，依照近252 日報酬率波動度倒數遞減排序選取30 檔成分股。Open p.2 ↗ |
Qualified stocks must have an investment-value score at or above the 40th percentile or a size score at or above the 99th percentile. |
| Final ranking rule | Qualified stocks are ranked in descending order by the inverse of return volatility over the most recent 252 days. | 依照近252 日報酬率波動度倒數遞減排序選取30 檔成分股。Open p.2 ↗ |
Final constituents are selected by ranking qualified stocks in descending order according to the inverse of 252-day return volatility. |
| Liquidity screen | Metric: Liquidity ratio; Window: most recent 12 calendar months; Threshold: rank in the top 20% by total monthly trading value, or at least 8 months with free-float turnover reaching 3% | 流動性檢驗：滿足以下任一條件視為通過流動性檢驗： a. 最近12 個日曆月月成交金額總額由大到小排序屬前20%。最近12 個日曆月中，至少有8 個月自由流通週轉率達3%。 b.Open p.2 ↗ |
A stock passes the liquidity test if it ranks in the top 20% by total monthly trading value over the most recent 12 calendar months or has free-float turnover of at least 3% in at least 8 of those months. |
| Minimum size | Metric: Rank; Threshold: 300 | 市值篩選：採樣母體中發行市值前300 大之股票。Open p.2 ↗ |
After passing the liquidity test, a stock must rank among the 300 largest stocks in the sampling universe by issued market capitalisation. |
| Financial screens | Sum of operating profit over the most recent four quarters must rank in the top 70%., For financial-sector stocks, return on assets over the most recent four quarters must rank in the top 70% of financial stocks., For non-financial stocks, return on equity over the most recent four quarters must rank in the top 70% of non-financial stocks. | 獲利能力：最近4 季營業利益總和達前70%高者。 c. 財務品質：金融業：最近4 季資產報酬率達金融業前70%高者。非金融業：最近4 季股東權益報酬率達非金融業前70%高者。Open p.2 ↗ |
Candidates must pass profitability and financial-quality rank screens based on operating profit and ROA for financial companies or ROE for non-financial companies. |
| M4 Selection and constituent count · 1 field | |||
| Minimum free float factor for selection | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.4 ↗ |
Securities whose free-float factor is below 10% are excluded from constituent selection. |
| M5 Weighting and capping · 5 fields | |||
| Weighting scheme | Free float market cap | 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 | 配合成分股定期審核生效日，更新自由流通量係數。Open p.4 ↗ |
Free-float factors are produced from the latest data under the Taiwan Index Provider's free-float factor rules and updated to coincide with the periodic review effective date. |
| Weight cap | 30% | 依自由流通市值作為計算標準，個別成分股權重不得超過30%，且前五大成分股權重總和不得超過60%。Open p.2 ↗ |
The weight of each individual constituent must not exceed 30%. |
| Group cap | Top n: 5; Aggregate (%): 60 | 依自由流通市值作為計算標準，個別成分股權重不得超過30%，且前五大成分股權重總和不得超過60%。Open p.2 ↗ |
The aggregate weight of the five largest constituents must not exceed 60%. |
| 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 · 10 fields | |||
| Fixed constituent count | 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 scheduled review selects a fixed count of 30 constituents. |
| Divisor maintenance basis | The divisor maintenance uses closing data on each trading day immediately preceding the scheduled review transition days to calculate the market-capitalisation difference between the new and original constituent portfolios. | 指數除數維護方式，採成分股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.4 ↗ |
The divisor is maintained using prior-trading-day closing data during the scheduled review transition period to measure the market-capitalisation change between the new and old portfolios. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核基準日，審核資料截至5、11 月第10 個交易日5。Open p.4 ↗ |
Constituents are regularly 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、11 月第17 個交易日為審核基準日Open p.4 ↗ |
The index uses semi-annual scheduled constituent reviews and may make non-scheduled constituent adjustments for maintenance events. |
| Review months | May, November | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核基準日，審核資料截至5、11 月第10 個交易日5。Open p.4 ↗ |
Scheduled reviews use the 17th trading day of May and November as the review reference date. |
| Data cutoff rule | Review data are cut off as of the 10th trading day of May and November. | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核基準日，審核資料截至5、11 月第10 個交易日5。Open p.4 ↗ |
Data for each review are through the 10th trading day of May and November. |
| Announcement rule | — | — (not found verbatim in the PDF) |
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| Effective date rule | Scheduled review changes become effective five trading days after the review reference date, with a five-trading-day transition period beginning on the scheduled review 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；於指數定期審核日(含)起設有5 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5 個交易日內調整。Open p.4 ↗ |
Review results take effect five trading days after the review reference date, and weight changes are spread over a five-trading-day transition period starting on the scheduled review date. |
| Rebalance frequency | — | — (not found verbatim in the PDF) |
|
| Weight reset frequency | Twice per year during scheduled review transition | 於指數定期審核日(含)起設有5 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5 個交易日內調整。Open p.4 ↗ |
Weights for scheduled review changes are allocated and adjusted over the five-trading-day transition period at each semi-annual review. |
| M7 Buffers and turnover control · 5 fields | |||
| Candidate selection band | Ranks 22 through 39 are treated as candidate constituents, with existing constituents given priority and selection made by rank. | 處理後，將排名第22 至39 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 ↗ |
Ranks 22 to 39 form the candidate band, where existing constituents are prioritised and selections follow ranking. |
| Buffer zone | Entry rank: 21; Exit rank: 39 | 排名在第21 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39 名之後則從指數成分股中刪除；處理後，將排名第22 至39 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 21 are added, existing constituents ranked after 39 are removed, and ranks 22 to 39 are candidates with existing constituents prioritised. |
| Size segment buffer | — | — (not found verbatim in the PDF) |
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| Liquidity buffer existing | — | — (not found verbatim in the PDF) |
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| Maximum turnover per review | — | — (not found verbatim in the PDF) |
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| M8 Corporate actions, IPOs, ad-hoc changes · 8 fields | |||
| Insufficient history company data rule | For a holding company or newly established company whose screening-data history is insufficient for scheduled review, data from a representative company or stock may be combined if the representative company into which shares are converted 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 ↗ |
A holding or newly established company with insufficient screening history may combine data from a representative company or stock when the converted-share representative company is eligible for the sampling universe. |
| Fast entry | — | — (not found verbatim in the PDF) |
|
| Replacement policy | None | 成分股若因此刪除，則不予遞補。Open p.4 ↗ |
If a constituent is deleted because of non-scheduled corporate-action maintenance, it is not replaced. |
| Deletion price | — | — (not found verbatim in the PDF) |
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| Share or float change threshold | — | — (not found verbatim in the PDF) |
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| 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 ↗ |
Non-scheduled constituent adjustments, coefficient products, issued shares, and index divisor maintenance follow the TIP Index Series Corporate Action Handling 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 · 15 fields | |||
| Administrator | 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 compiles the index. |
| 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 calculation and real-time information transmission. |
| Base date | 2023-05-12 | 註1：基期設定為2023 年5 月12 日，基準指數設定為5000 點。Open p.3 ↗ |
The base date is set as May 12, 2023. |
| Base value | 5,000 points | 註1：基期設定為2023 年5 月12 日，基準指數設定為5000 點。Open p.3 ↗ |
The base index value is set at 5,000 points. |
| Shares and coefficient inputs | Constituent market value uses price, issued shares, and the coefficient product defined in the TIP corporate-action general rules for market-capitalization investable indexes. | 𝑝𝑖,𝑡=成分股i 在t 日的價格𝑠𝑖,𝑡=成分股i 在t 日的發行股數𝑐𝑝𝑖,𝑡=成分股i 在t 日的係數乘積；使用之係數依本公司「TIP 指數系列企業活動處理通則」市值投資型指數所定Open p.3 ↗ |
Each constituent’s index market capitalization is the product of its price, issued shares, and applicable coefficient product under the TIP corporate-action rules. |
| Periodic review responsibility | 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 carries out periodic constituent reviews in accordance with the index compilation rules. |
| Records retention | Taiwan Index Company retains 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 constituent stocks. |
| Formula type | Divisor | 臺灣優選多因子30 指數為「價格指數」：指數= 指數市值 × 基準指數指數除數Open p.3 ↗ |
The price index is calculated using index market capitalization, a base index value, and an index divisor. |
| Price source | latest traded price during trading hours | 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 intraday index is calculated using each constituent’s latest traded price. |
| Calculation frequency | Real time interval seconds: 5; Closing calculation: Yes; Total return closing calculation: 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.2 ↗ |
The price index is published every five seconds during market hours and once after the close, while the total return index is calculated and published once after the close. |
| Return variants | PR, GTR | 臺灣優選多因子30 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 includes cash dividends. |
| Dividend treatment | The total return index is adjusted for cash dividends to reflect returns including cash dividends. | 臺灣優選多因子30 報酬指數，就臺灣優選多因子30 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 version adjusts the price index for cash dividends so that it reflects returns including cash dividends. |
| Divisor adjustment | post-close constituent adjustments under the corporate actions rules for market-capitalization-weighted investable indexes, changes in index market capitalization | 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，調整方式如下：指數除數= 前1 日指數除數前1 日收盤之指數市值± 異動指數市值) × (前1 日收盤之指數市值Open p.3 ↗ |
After the close, the divisor is adjusted for constituent changes under the specified corporate-action rules, using the change in index market capitalization to maintain index continuity. |
| Market disruption rule | If the TWSE centralised market cannot open normally or is closed, index calculation and publication stop. | 若證交所有價證券集中交易市場（以下稱：集中市場）因故無法正常開市或休市，指數將停止計算發布。From TIP General Principles for TIP Securities Indices ↗ |
Index calculation and publication are stopped when the Taiwan Stock Exchange centralised market is unable to open normally or is closed. |
| Recalculation policy | Missed intraday real-time indices are not recalculated after a real-time calculation or publication system failure., Affected daily closing indices after a major-emergency suspension are recalculated within five trading days after operations resume. | 若指數發生3.3.2 之情事，將不會回溯計算發布遺漏的盤中即時指數。From TIP General Principles for TIP Securities Indices ↗ |
Missed intraday real-time values are not back-calculated, whereas closing values affected by a major-emergency suspension are retrospectively calculated and corrected. |
| M10 Governance, change policy, disclosure · 8 fields | |||
| Governing general principles | Index compilation, maintenance, and management principles 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 ↗ |
The principles for index compilation, maintenance, and management refer to the Taiwan Index Company general rules for securities indexes. |
| Corporate actions reference | TIP 指數系列企業活動處理通則 | 使用之係數依本公司「TIP 指數系列企業活動處理通則」市值投資型指數所定Open p.3 ↗ |
Corporate-action treatment refers to the TIP Index Series Corporate Actions General 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. |
| 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 · 32Model-written, for reference
- 1Official English index name, ISIN, data-vendor tickers, launch date, base date, base value, currency, methodology version, methodology date, and benchmark status were not stated.
- 2Calculation agent and intended use were not stated.
- 3Minimum trading history or listing-age requirement was not stated.
- 4Minimum free-float percentage, minimum foreign room, voting-rights threshold, minimum share price, and extreme-price screen were not stated.
- 5Treatment of suspended securities at scheduled reviews beyond the initial universe exception was not stated.
- 6The liquidity-test text contains an unresolved item marked 'b.' with no visible additional condition.
- 7Footnotes defining investment-value score, size score, qualified stocks, and the downside-risk measure were not provided.
- 8Market classification is not expressly assigned in the supplied methodology text.
- 9No parent index is identified; the universe is defined directly from TWSE and TPEx common stocks.
- 10The document does not specify when the 30% single-stock and 60% top-five caps are applied.
- 11The document does not state a divisor adjustment rule or the source and update timing for shares outstanding.
- 12The document does not provide numeric free-float factor bands; it only specifies the free-float methodology and a 10% minimum threshold.
- 13The document does not state when or how scheduled review results are announced before effectiveness.
- 14The document does not state a separate weight-rebalancing frequency apart from the semi-annual review transition.
- 15The document does not provide a market-cap size-segment buffer, liquidity buffer for existing constituents, or maximum turnover per review.
- 16The document does not specify fast-entry eligibility, size threshold, timing, or excluded boards for new listings.
- 17The document does not enumerate ad-hoc deletion triggers, merger or spin-off treatments, deletion prices, or share/float-change thresholds; these are governed by the separate TIP corporate-action guide not provided.
- 18Calculation returns.precision: No published index-level decimal precision was stated.
- 19Withholding tax basis: No withholding tax rate or net-return tax basis was stated.
- 20Market disruption rule: No rule for market closure, trading halt, or market disruption was stated.
- 21Recalculation policy: No policy for correcting or restating published index levels was stated.
- 22Oversight body: No committee or oversight body was identified.
- 23Discretion points: No discretionary powers or situations were specified.
- 24Methodology review frequency: No frequency for reviewing the methodology itself was stated.
- 25External review: No external review arrangement was stated.
- 26Material change definition: No definition of material methodology change was stated.
- 27Consultation procedure: No consultation procedure was stated.
- 28Notice period: No advance notice period for methodology changes was stated.
- 29Error correction policy: No error correction or restatement policy was stated.
- 30Change announcement: No disclosure channels beyond real-time transmission by TWSE and post-close publication were specified.
- 31Constituents published: The document did not state whether or how often a constituent list is published.
- 32Cessation policy: No index discontinuation policy was stated.
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