Also known as: 臺灣ESG永續高股息等權重指數 · IX0196 (TIP code)
Tracked by: 00932 (ETF)
At a glance
- Review frequencySemi-annual
- Buffer35 / 65
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 13 fields | |||
| Target constituent count | 50 securities | 依照股利率遞減排序，選取排名前50 名之股票。Open p.2 ↗ |
The index selects 50 constituent stocks. |
| Weighting scheme | Equal weight | 三、權重計算：指數定審設定各成分股等權重。Open p.2 ↗ |
All constituents are assigned equal weights at the scheduled review. |
| Index name | Taiwan Index Company ESG Sustainable High Dividend Equal Weight Index | 臺灣指數公司特選臺灣上市上櫃ESG 永續高股息等權重指數Open p.1 ↗ |
The document names the Taiwan Index Company Selected Taiwan Listed and OTC ESG Sustainable High Dividend Equal Weight Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃ESG 永續高股息等權重指數 | 臺灣指數公司特選臺灣上市上櫃ESG 永續高股息等權重指數(簡稱「臺灣ESG 永續高股息等權重指數」)Open p.1 ↗ |
The official local-language index name is the Taiwan Index Company Selected Taiwan Listed and OTC ESG Sustainable High Dividend Equal Weight Index. |
| Administrator | 臺灣指數公司 | 臺灣指數公司特選臺灣上市上櫃ESG 永續高股息等權重指數Open p.1 ↗ |
Taiwan Index Company is the index provider and administrator identified in the document. |
| Index family | 臺灣指數公司ESG 永續高股息等權重指數 | 臺灣ESG 永續高股息等權重指數Open p.1 ↗ |
The index belongs to Taiwan Index Company's ESG sustainable high-dividend equal-weight index series. |
| Currency | TWD | 發行市值100 億元以上或發行市值屬前300 大者Open p.2 ↗ |
The market-capitalisation screen is denominated in New Taiwan dollars. |
| Benchmark type | Not stated | 以表彰平均投資於具ESG 績效與股息優之中大型股票投資績效表現。Open p.1 ↗ |
The document does not classify the index as a regulated, significant, or non-significant benchmark. |
| Objective | 以表彰平均投資於具ESG 績效與股息優之中大型股票投資績效表現。 | 以表彰平均投資於具ESG 績效與股息優之中大型股票投資績效表現。Open p.1 ↗ |
The index aims to represent the performance of an equal investment in mid- and large-cap stocks with strong ESG performance and dividends. |
| Market classification | Domestic | 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 index covers domestic Taiwan listed and OTC stocks. |
| Size segment | Custom | 以表彰平均投資於具ESG 績效與股息優之中大型股票投資績效表現。Open p.1 ↗ |
The index targets mid- and large-cap stocks rather than a single standard capitalisation segment. |
| Index family type | Dividend yield | 排序方式：依照股利率遞減排序，選取排名前50 名之股票。Open p.2 ↗ |
The methodology selects constituents primarily by dividend yield after ESG, momentum, dividend, financial-stability, and market-capitalisation screens. |
| Factor exposures | Momentum, Yield, Quality | 結合市值、動能因子、現金股利及財務穩定度等篩選指標，再以股利率擇優選取50 檔成分股Open p.1 ↗ |
The index incorporates momentum, cash-dividend or yield, and financial-stability quality indicators alongside ESG criteria. |
| M2 Universe · 5 fields | |||
| Suspension exception | New shares issued because of capital reduction, conversion to a holding company, newly formed company, or par-value change may remain in the universe even if trading is suspended. | 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 solely because replacement shares were issued for capital reduction, holding-company conversion, new-company formation, or par-value changes 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 covers stocks listed on the Taiwan Stock Exchange or traded on the Taipei OTC market. |
| 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 consists of TWSE-listed stocks and TPEx OTC-listed stocks. |
| Security types | Common | 上櫃普通股股票；非屬管理股票、興櫃股票Open p.1 ↗ |
The universe is limited to common stocks. |
| Exclusions | Managed stocks, Emerging stocks, Stocks with altered trading methods, Suspended 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 publicly placed under altered trading methods, and suspended stocks are excluded, subject to a replacement-share exception. |
| M3 Eligibility screens · 8 fields | |||
| Cash dividend screen | Rule: Paid cash dividends in each year; Window: latest 3 years | 現金股利指標：近3 年皆配發現金股利者。Open p.2 ↗ |
A candidate must have paid cash dividends in each of the most recent three years. |
| Momentum screen | Metric: Risk adjusted return; Threshold: top 90% | 動能指標：風險調整後報酬屬前90%高者。Open p.2 ↗ |
A candidate's risk-adjusted return must rank in the top 90%. |
| Financial stability screen | Metrics: coefficient of variation of operating revenue over the latest 3 years, coefficient of variation of after-tax net profit over the latest 3 years, coefficient of variation of operating cash flow over the latest 3 years; Threshold: top 80% by financial stability | 財務穩定度指標：以最近3 年營業收入、稅後純益、營業活動現金流量之變異係數代表財務穩定度，且屬穩定度前80%佳者。Open p.2 ↗ |
Financial stability is measured by the three-year coefficients of variation of operating revenue, after-tax net profit, and operating cash flow, and candidates must rank in the top 80%. |
| Dividend yield ranking | Metric: Dividend yield; Selection: top 50 by descending dividend yield | 排序方式：依照股利率遞減排序，選取排名前50 名之股票。Open p.2 ↗ |
After all screens, stocks are ranked by dividend yield in descending order and the top 50 are selected. |
| ESG existing constituent buffer | New candidate threshold (%): 50; Existing constituent threshold (%): 60 | 依得分率由高至低遞減排序，納入達前50%者，既有指數成分股達前60%者亦可納入。Open p.2 ↗ |
New candidates must rank in the top 50% by Taiwan sustainability score-rate, while existing constituents may remain eligible if ranked in the top 60%. |
| Liquidity screen | Metric: Liquidity ratio; Window: latest 12 calendar months; Threshold: rank in top 20% by total monthly trading value, or at least 8 months with free-float turnover ratio reaching 5% | 最近12 個日曆月月成交金額總額由大到小排序屬前20%。 b. 最近12 個日曆月中，至少有8 個月自由流通週轉率達5%。Open p.2 ↗ |
A stock passes the liquidity test if its total trading value over the latest 12 calendar months ranks in the top 20%, or if its free-float turnover ratio reaches 5% in at least 8 of those months. |
| Minimum size | Metric: Full market cap; Threshold: issued market capitalisation of at least TWD 10 billion or rank among the 300 largest by issued market capitalisation | 市值指標：發行市值100 億元以上或發行市值屬前300 大者。Open p.2 ↗ |
A stock must have issued market capitalisation of at least NT$10 billion or rank among the 300 largest stocks by issued market capitalisation. |
| Business or ESG exclusions | Must prepare the most recent sustainability report and upload it to the public information observatory., Taiwan sustainability score-rate must rank in the top 50%; existing constituents may be included if ranked in the top 60%., Blacklisted companies under the latest material-event rules are removed., Companies on the latest controversial-industry list are removed. | 編製最近年度永續報告書，並上傳至公開資訊觀測站。永續評鑑表現：依照「台灣永續評鑑」最近一期評鑑Open p.2 ↗ |
Candidates must publish a sustainability report, rank sufficiently in the Taiwan sustainability assessment, and must not be blacklisted or classified as controversial-industry companies. |
| M5 Weighting and capping · 5 fields | |||
| Minimum free float factor for inclusion | 10% | 1. 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 is not included in the constituent sample if its free-float factor is below 10%. |
| Free float factor update timing | On periodic review effective date | 2. 配合成分股定期審核生效日，更新自由流通量係數。Open p.5 ↗ |
Free-float factors are updated to coincide with the effective date of the periodic constituent review. |
| Free float factor data source | Taiwan Index Provider Free Float Factor Compilation Rules, latest available data | 3. 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 ↗ |
Free-float factors use the latest data produced under Taiwan Index Company's Free Float Factor Compilation Rules. |
| Free float factor | Method: Free float | 1. 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 excluded, and the factor is updated on the periodic review effective date using the latest data produced under the provider's free-float factor rules. |
| 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 · 13 fields | |||
| Target constituent count | 50 constituents | 每年2 次進行成分股定期審核，4、10 月第7 個交易日為審核資料截止日4，其後第10 個交易日為審核基準日。每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
Each regular review selects a fixed count of 50 constituents. |
| Materiality and controversial industry review frequency | Semi-annual | 每年進行2 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Open p.4 ↗ |
Material-event and controversial-industry reviews are conducted twice per year. |
| Materiality and controversial industry removals no replacement | Yes | 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 removed in material-event or controversial-industry reviews are not replaced. |
| Divisor maintenance data | Uses closing data from the trading day immediately before each day of the regular-review index adjustment transition period to calculate the market-capitalization change 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.5 ↗ |
Divisor maintenance uses prior-trading-day closing data during the regular-review transition period to calculate the market-capitalization difference between the new and original portfolios. |
| Short history data combination rule | For holding companies or newly formed companies with insufficient screening history, data for a represented company or stock may be combined if that represented company qualifies in 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 ↗ |
Holding or newly formed companies with insufficient data may combine data from a represented company or stock if that representative qualifies in the sampling universe. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，4、10 月第7 個交易日為審核資料截止日4，其後第10 個交易日為審核基準日。每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
Regular 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，4、10 月第7 個交易日為審核資料截止日4，其後第10 個交易日為審核基準日。Open p.4 ↗ |
The index undergoes twice-yearly scheduled constituent reviews, separate twice-yearly material-event and controversial-industry reviews, and ad hoc maintenance. |
| Review months | April, October, January, July | 每年2 次進行成分股定期審核，4、10 月第7 個交易日為審核資料截止日4，其後第10 個交易日為審核基準日。Open p.4 ↗ |
Regular constituent reviews use April and October data cutoffs, while material-event and controversial-industry reviews use January and July data cutoffs. |
| Data cutoff rule | Regular reviews: Months: 4, 10; Cutoff: seventh trading day of the month; Reference date: tenth trading day after the cutoff; Materiality and controversial industry reviews: Months: 1, 7; Cutoff: seventh trading day of the month; Reference date: tenth trading day after the cutoff | 每年2 次進行成分股定期審核，4、10 月第7 個交易日為審核資料截止日4，其後第10 個交易日為審核基準日。Open p.4 ↗ |
For April and October regular reviews, the seventh trading day is the data cutoff and the tenth trading day thereafter is the review reference date; January and July use the same timing for material-event and controversial-industry reviews. |
| Announcement rule | — | — (not found verbatim in the PDF) |
The document does not state when or how regular review results are announced. |
| Effective date rule | Effective: five trading days after the review reference date; Transition period: 3; Transition period unit: Trading days | 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；於指數定期審核生效日(含)起設有3 個交易日的指數調整過渡期，Open p.4 ↗ |
Regular review changes take effect five trading days after the review reference date, with a three-trading-day transition period beginning on the effective date. |
| Rebalance frequency | Semi-annual | 將定期審核異動之權重分配在3 個交易日內調整。Open p.5 ↗ |
Weight changes from the twice-yearly regular review are allocated over the three-trading-day adjustment transition period. |
| Weight reset frequency | — | — (not found verbatim in the PDF) |
The document does not separately state how often capped or factor weights are reset. |
| M7 Buffers and turnover control · 5 fields | |||
| Candidate selection priority | Ranks 36 through 65 are treated as candidate constituents, with existing constituents given priority and selection made by rank. | 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 the 35/65 rank buffer, ranks 36 to 65 are candidates and existing constituents are selected first in rank order. |
| Buffer zone | Entry rank: 35; Exit rank: 65 | 成分股調整之緩衝區：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 the top 35 enter the index, existing constituents ranked after 65 are removed, and ranks 36 through 65 are candidates with existing constituents retained first. |
| Size segment buffer | — | — (not found verbatim in the PDF) |
The document provides a rank buffer but does not specify a market-cap size-segment buffer. |
| Liquidity buffer existing | — | — (not found verbatim in the PDF) |
The document does not state a relaxed liquidity threshold for existing constituents. |
| Maximum turnover per review | — | — (not found verbatim in the PDF) |
The document does not state a maximum constituent or weight turnover cap per review. |
| M8 Corporate actions, IPOs, ad-hoc changes · 8 fields | |||
| Adhoc deletion no replacement | Yes | 成分股若因此刪除，則不予遞補。Open p.5 ↗ |
If a constituent is deleted during ad hoc corporate-action maintenance, it is not replaced. |
| Fast entry | — | — (not found verbatim in the PDF) |
The document does not specify early inclusion rules for large new listings. |
| 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 ad hoc corporate-action maintenance under the separate TIP general rules, but the provided text does not enumerate the specific triggers. |
| 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 ↗ |
Constituents deleted because of ad hoc corporate-action maintenance are not replaced. |
| Merger spinoff rules | Ad hoc constituent adjustments, coefficient products, shares outstanding, index divisors, and other maintenance are handled under the TIP Index Series Corporate Action 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；成分股若因此刪除，則不予遞補。Open p.5 ↗ |
Corporate events and related constituent, coefficient, share-count, and divisor maintenance follow the TIP Index Series Corporate Action General Rules. |
| Deletion price | — | — (not found verbatim in the PDF) |
The document does not state the price at which a deleted constituent leaves the calculation. |
| Share or float change threshold | — | — (not found verbatim in the PDF) |
The document references maintenance of coefficients and shares outstanding under separate corporate-action rules but does not state a numerical threshold. |
| 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.5 ↗ |
The referenced separate guide is the TIP Index Series Corporate Action General Rules. |
| M9 Calculation and return variants · 12 fields | |||
| Base date | 2023-06-02 | 註1：基期設定為2023 年6 月2 日，基準指數設定為5000 點。Open p.4 ↗ |
The index base date is June 2, 2023. |
| Base value | 5,000 points | 註1：基期設定為2023 年6 月2 日，基準指數設定為5000 點。Open p.4 ↗ |
The base index level is set at 5,000 points. |
| Real time start date | 2023-08-07 | 臺灣ESG 永續高股息等權重指數自2023 年8 月7 日起，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Open p.3 ↗ |
Real-time calculation and publication began on August 7, 2023. |
| Shares and coefficients | Market capitalization uses issued shares and a coefficient product defined under the TIP corporate-action rules. | 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 uses issued shares and a coefficient product specified in the TIP corporate-action rules for market-capitalization investable indices. |
| Formula type | Divisor | 指數= 指數市值 × 基準指數指數除數Open p.3 ↗ |
The price and total return indices are calculated using an index divisor applied to index market capitalization. |
| Price source | Latest trade price | 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Open p.3 ↗ |
The real-time index uses constituents' latest transaction prices during exchange trading hours. |
| Calculation frequency | Real time interval seconds: 5; Closing index frequency: Daily; Total return index frequency: Daily after close | 每隔五秒以成分股最新成交價格計算及公布即時指數一次，並於每日收盤後計算一次收盤指數。Open p.3 ↗ |
The price index is published every five seconds during market hours and once after the daily close, while the total return index is calculated once after each daily close. |
| Return variants | PR, GTR | 臺灣ESG 永續高股息等權重指數分「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 reflecting cash dividends. |
| Dividend treatment | The total return index adjusts for cash dividends to reflect returns including cash dividends. | 就臺灣ESG 永續高股息等權重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 dividend factors to reflect returns that include cash dividends. |
| Divisor adjustment | post-close constituent changes, corporate action events covered by the TIP 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」市值投資型指數調整指數除數以維持指數連續性Open p.3 ↗ |
After the close, the divisor is adjusted for constituent and corporate-action changes so that index continuity is maintained. |
| 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 | |||
| 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 ↗ |
Taiwan Index Company entrusts the Taiwan Stock Exchange with index calculation and real-time information transmission. |
| General rules reference | Principles for index compilation, maintenance and administration follow the Taiwan Index Corporation General Rules for Securities Indices. | 指數編製、維護及管理等原則，參閱「臺灣指數公司有價證券指數通則」。Open p.1 ↗ |
Index compilation, maintenance and administration principles refer to the Taiwan Index Corporation General Rules for Securities Indices. |
| Records retention | Taiwan Index Company will retain 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. |
| Oversight body | Taiwan Index Corporation | 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 Corporation compiles the index and conducts scheduled constituent reviews under the index compilation 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
- 1Index code, ISIN, and third-party vendor tickers were not stated.
- 2Launch date, base date, and base value were not stated.
- 3Methodology version and methodology date were not stated.
- 4Calculation agent was not separately identified.
- 5Intended use, limitations, and regulatory benchmark status were not stated.
- 6Minimum listing or trading-history requirement was not stated.
- 7Minimum free-float percentage was not stated; only a free-float turnover measure was specified.
- 8Foreign ownership limit, foreign room, voting rights, and minimum price screens were not stated.
- 9Detailed treatment of suspensions during a review, beyond universe inclusion rules, was not stated.
- 10Abnormal or extreme price-increase screen was not stated.
- 11The weighting scheme, foreign ownership treatment, constituent or sector caps, share-count source, and divisor adjustment rule were not stated.
- 12No announcement publication date, timing, or channel for regular review results is stated.
- 13No standalone weight-reset frequency is stated beyond the semi-annual review transition adjustments.
- 14No market-cap size-segment buffer is stated; only a 35/65 rank buffer is provided.
- 15No relaxed liquidity threshold for existing constituents is stated.
- 16No maximum constituent-count or weight turnover limit per review is stated.
- 17No fast-entry size threshold, timing, or excluded-board rule for large new listings is stated.
- 18Specific ad hoc deletion triggers are not enumerated; the text refers to the separate TIP corporate-action guide.
- 19No deletion price rule is stated.
- 20No numerical threshold for implementing share-count or free-float changes between reviews is stated.
- 21No statement found for the number of decimal places in the published index level.
- 22No statement found for a net total return variant or withholding tax basis.
- 23No detailed dividend reinvestment mechanics beyond the total return index considering cash dividends were found.
- 24No market closure, market disruption, or fallback calculation rule was found.
- 25No recalculation, error correction, or restatement policy was found.
- 26No methodology review frequency, external review, consultation procedure, material-change definition, or notice period was found.
- 27No specific disclosure channels, constituent publication frequency, or index cessation policy was found.
- 28The exact complete list of divisor-adjustment events is not enumerated and is only referenced through the TIP corporate-action rules.
- 29Not coveredM4 Selection and constituent count: not covered by this edition
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 70 of 70 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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