Also known as: 特選臺灣IC設計動能指數 · IX0209 Index (Bloomberg) · IX0209 (TIP code)
Tracked by: 00947 (ETF)
At a glance
- Weighting schemeFactor tilted
- Review frequencyQuarterly
- Single cap10
- Buffer40 / 60
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 8 fields | |||
| Index name | Taiwan Index Service Select Taiwan Listed and Emerging Market IC Design Momentum Index | 臺灣指數公司設計「臺灣指數公司特選臺灣上市上櫃IC 設計動能指數」(簡稱「特選臺灣IC 設計動能指數」)Open p.1 ↗ |
The document names the index as Taiwan Index Service Select Taiwan Listed and OTC IC Design Momentum Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃IC 設計動能指數 | 臺灣指數公司設計「臺灣指數公司特選臺灣上市上櫃IC 設計動能指數」(簡稱「特選臺灣IC 設計動能指數」)Open p.1 ↗ |
The official local-language index name is 臺灣指數公司特選臺灣上市上櫃IC設計動能指數. |
| Administrator | 臺灣指數公司 | 臺灣指數公司設計「臺灣指數公司特選臺灣上市上櫃IC 設計動能指數」Open p.1 ↗ |
Taiwan Index Service is the index provider and administrator named in the document. |
| Index family | 臺灣指數公司特選系列 | 臺灣指數公司設計「臺灣指數公司特選臺灣上市上櫃IC 設計動能指數」(簡稱「特選臺灣IC 設計動能指數」)Open p.1 ↗ |
The index belongs to Taiwan Index Service's select-index series based on its local naming convention. |
| Objective | 選取通過流動性篩選且具市值代表性之IC設計類股為成分股，以自由流通市值為基準、結合股價及營收動能表現調整權重，以表彰具成長動能之臺灣IC設計產業投資組合長期績效表現。 | 選取通過流動性篩選且具市值代表性之IC 設計類股為成分股，以自由流通市值為基準、結合股價及營收動能表現調整權重，以表彰具成長動能之臺灣IC 設計產業投資組合長期績效表現。Open p.1 ↗ |
The index selects liquid, market-cap-representative IC design stocks and weights them by free-float market capitalisation adjusted for price and revenue momentum to represent the long-term performance of growth-momentum Taiwan IC design companies. |
| Market classification | Developed | 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 index covers Taiwan-listed and TPEx-listed securities, but the document itself does not state a market-classification label. |
| Index family type | Factor | 以自由流通市值為基準、結合股價及營收動能表現調整權重，以表彰具成長動能之臺灣IC 設計產業投資組合長期績效表現。Open p.1 ↗ |
The methodology combines price and revenue momentum with free-float market capitalisation, indicating a momentum-oriented factor index. |
| Factor exposures | Momentum, Growth | 以自由流通市值為基準、結合股價及營收動能表現調整權重，以表彰具成長動能之臺灣IC 設計產業投資組合長期績效表現。Open p.1 ↗ |
The index is designed to capture price momentum, revenue momentum, and growth momentum. |
| M2 Universe · 6 fields | |||
| Industry classification scope | 電子上游-IC-設計, 電子上游-IP/ASIC, 電子上游-記憶體IC設計, 半導體上游-IC設計, 半導體上游-IP設計/IC設計代工服務 | 選取符合全曜財經資訊股份有限公司(CMoney)指數彙編分類中屬「電子上游-IC-設計」、「電子上游-IP/ASIC」、「電子上游-記憶體IC 設計」、或為產業價值鏈資訊平台列為半導體上游「IC 設計」、「IP 設計/IC 設計代工服務」者。Open p.1 ↗ |
Candidates must belong to specified CMoney IC design categories or semiconductor upstream IC design categories on the industry value-chain platform. |
| Suspended stock exception | Stocks that stopped trading because new share certificates were issued due to capital reduction, conversion to a holding company, newly established company status, 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 only because new certificates were issued for capital reduction, holding-company conversion, a newly established company, or par-value change is still eligible for the universe. |
| Markets | 臺灣 | 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 securities. |
| Exchanges | 臺灣證券交易所, 中華民國證券櫃檯買賣中心 | 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 eligible exchange universe is TWSE listed stocks and TPEx OTC-listed stocks. |
| 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 parent universe consists of common stocks listed on TWSE or TPEx. |
| Exclusions | 管理股票, 興櫃股票, 變更交易方法股票, 停止買賣股票, 創新板股票, 非IC設計相關產業股票 | 非屬管理股票、興櫃股票及經公告為變更交易方法或停止買賣股票者；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 ↗ |
The universe excludes managed stocks, emerging-stock board stocks, stocks with changed trading methods or suspended trading, innovation-board stocks, and companies outside the specified IC design classifications. |
| M3 Eligibility screens · 3 fields | |||
| Liquidity screen | Metric: Liquidity ratio; Window: 3 calendar months; Threshold: Stocks ranked in the top 70% by total trading value over the most recent three calendar months; if fewer than 50 stocks qualify, stocks are added in descending order of three-month trading value until 50 are reached | 最近3 個日曆月成交金額總額排序前70%股票；若檔數不足50 檔，依最近3 個月成交金額由大到小補齊。Open p.2 ↗ |
Candidates must rank in the top 70% by total trading value over the last three calendar months; if there are fewer than 50 names, the list is filled to 50 by descending three-month trading value. |
| Minimum size | Metric: Full market cap; Threshold: Top 50 stocks ranked by issued-share market capitalisation | 排序方式：依發行市值選取排名前50 名之股票。Open p.2 ↗ |
After screening, the index selects the 50 highest-ranked stocks by market capitalisation based on issued shares. |
| Suspension rule | Stocks publicly announced as having changed trading methods or suspended trading are excluded from the parent universe, subject to a certificate-replacement exception. | 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 ↗ |
Securities announced as subject to changed trading methods or trading suspension are excluded, except when suspension is caused by replacing certificates for specified corporate transformations. |
| M5 Weighting and capping · 10 fields | |||
| Minimum free float factor for eligibility | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.5 ↗ |
A security with a free-float factor below 10% is not included in the constituent sample. |
| Free float factor update timing | Updated to take effect on the periodic constituent review effective date. | 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 in conjunction with the effective date of periodic constituent reviews. |
| Free float factor data source | Most recent data produced under the Taiwan Index Corporation free-float factor compilation rules. | 自由流通量係數依據臺灣指數公司「自由流通量係數編製規則」產製之最近期數據更新。Open p.5 ↗ |
The free-float factor is updated using the latest data produced according to Taiwan Index Corporation's free-float factor compilation rules. |
| Factor adjusted weight formula | Benchmark weight equals free-float market-capitalisation weight plus two investment-factor indicator adjustments; each adjustment uses 100% factor intensity, 10% factor weight, and a security-specific relative-strength adjustment ratio. | 基準權重i = 自由流通市值權重i + ∑投資因子指標調整權重𝑖,𝑗 𝑗=1 2 = 自由流通市值權重i + ∑因子強度× 因子權重× 調整比例𝑖,𝑗 𝑗=1其中，因子強度：100%；因子權重：10%；調整比例𝑖,𝑗：依成分股i 之投資因子指標j 之相對強弱設算。Open p.2 ↗ |
The benchmark weight starts from free-float market-cap weight and adds two investment-factor adjustments, each with factor intensity of 100%, factor weight of 10%, and an adjustment ratio based on relative factor strength. |
| Single stock relative liquidity weight limit | 3 times | 依基準權重為計算標準，個別成分股之權重上限為10%，且不得超過下列指標之3 倍2： min(自由流通市值占比, 近3 個月成交金額占比)Open p.2 ↗ |
A constituent's weight may not exceed three times the minimum of its free-float market-capitalisation share and its trailing-three-month trading-value share. |
| Single stock minimum weight (%) | 0.1% | 依基準權重為計算標準，個別成分股之權重下限為0.1%。Open p.2 ↗ |
Based on the benchmark weight, each constituent has a minimum weight of 0.1%. |
| Weighting scheme | Factor tilted | 以自由流通市值為基礎，再依投資因子指標1調整後之權重，為基準1.權重。Open p.2 ↗ |
Weights are based on free-float market capitalisation and then adjusted by investment-factor indicators. |
| Free float factor | Method: Free float | 以自由流通市值為基礎，再依投資因子指標1調整後之權重，為基準1.權重。Open p.2 ↗ |
Weights use free-float market capitalisation, and the free-float factor is sourced from the provider's free-float factor rules; securities below a 10% factor are excluded. |
| Weight cap | 10% | 依基準權重為計算標準，個別成分股之權重上限為10%，且不得超過下列指標之3 倍2Open p.2 ↗ |
Based on the benchmark weight, an individual constituent's weight is capped at 10%. |
| Divisor adjustment rule | Market-capitalization reference indices adjust the divisor while leaving coefficient products unchanged; investable and Smart Beta indices may adjust coefficient products or the divisor according to indexing-investment needs. | 「市值參考型指數」係傳統的市場參考指標，主要反映指數成分股價格波動所造成的發行市值消長，為避免僅因企業活動改變指數市值而導致指數斷層的不連續現象，採調整指數除數但係數乘積不變的方式，以維持指數的連續性From TIP Corporate Actions and Events Methodology ↗ |
To maintain index continuity, market-capitalization reference indices adjust the divisor without changing coefficient products, while market-capitalization investable and Smart Beta indices assess practical indexing needs and adjust coefficient products or the divisor. |
| M6 Review and rebalance schedule · 12 fields | |||
| Target constituent count after review | 50 constituents | 每年4 次進行成分股定期審核，以2、5、8、11 月的第7 個交易日為審核基準日，審核資料截至前一個月最後一個交易日。每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
Each scheduled review selects a fixed count of 50 constituents. |
| Transition period | 3 trading days | 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，將定期審核異動之權重分配在3 個交易日內調整。Open p.4 ↗ |
A three-trading-day adjustment transition period begins on the scheduled review effective date, and weight changes are spread across those three trading days. |
| Divisor maintenance data | The divisor is maintained using closing data from the trading day before each day of the scheduled-review transition period. | 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 ↗ |
Divisor maintenance uses closing data from the trading day immediately preceding each day in the scheduled-review transition period to calculate the market-capitalization change. |
| Insufficient history company rule | If a holding company or newly established company lacks sufficient screening data for the scheduled review, data from a representative company or its stock may be combined when the converted-share representative company 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 companies or newly established companies with insufficient constituent-screening data, data from a qualifying representative company or stock may be combined. |
| Review frequency | Quarterly | 每年4 次進行成分股定期審核，以2、5、8、11 月的第7 個交易日為審核基準日，審核資料截至前一個月最後一個交易日。每次定期審核後選取固定的成分股檔數50 檔。Open p.4 ↗ |
Constituents are reviewed four times per year. |
| Review types | Scheduled review, Ad hoc | 每年4 次進行成分股定期審核，以2、5、8、11 月的第7 個交易日為審核基準日，審核資料截至前一個月最後一個交易日。Open p.4 ↗ |
The index uses quarterly scheduled reviews and may make non-scheduled constituent adjustments. |
| Review months | February, May, August, November | 每年4 次進行成分股定期審核，以2、5、8、11 月的第7 個交易日為審核基準日，審核資料截至前一個月最後一個交易日。Open p.4 ↗ |
Scheduled reviews use the seventh trading day of February, May, August and November. |
| Data cutoff rule | Review data are as of the last trading day of the preceding month; the review reference date is the seventh trading day of February, May, August and November. | 每年4 次進行成分股定期審核，以2、5、8、11 月的第7 個交易日為審核基準日，審核資料截至前一個月最後一個交易日。Open p.4 ↗ |
The review reference date is the seventh trading day of the review month, and review data are cut off at the last trading day of the preceding month. |
| Announcement rule | — | — (not found verbatim in the PDF) |
|
| Effective date rule | Changes take effect five 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；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，將定期審核異動之權重分配在3 個交易日內調整。Open p.4 ↗ |
Scheduled review results become effective five trading days after the review reference date. |
| Rebalance frequency | Quarterly | 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，將定期審核異動之權重分配在3 個交易日內調整。Open p.4 ↗ |
Weight changes from the quarterly scheduled review are phased in over a three-trading-day transition period starting on the effective date. |
| Weight reset frequency | — | — (not found verbatim in the PDF) |
|
| M7 Buffers and turnover control · 5 fields | |||
| Excess replacement tie handling | If buffer treatment would still produce more than 12 replacements, existing constituents are prioritized by descending issued market capitalization up to 38, and non-existing constituents fill the count to 50. | 當經緩衝區調整後，替換檔數仍超過12 檔時，則依發行市值遞減排序，優先選取至多38 檔既有成分股及以非既有成分股補滿50 檔。Open p.4 ↗ |
When more than 12 replacements remain after buffer adjustment, up to 38 existing constituents are selected first by descending issued market capitalization and non-existing constituents fill the list to 50. |
| Buffer zone | Entry rank: 40; Exit rank: 60 | 排名在第40 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60 名之後則從指數成分股中刪除；處理後，將排名第41 至60 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 40 are added, existing constituents ranked after 60 are removed, and ranks 41 through 60 are candidate constituents with priority given to existing constituents. |
| Size segment buffer | — | — (not found verbatim in the PDF) |
|
| Liquidity buffer existing | — | — (not found verbatim in the PDF) |
|
| Maximum turnover per review | 25% of constituents | 以既有成分股優先，按排名挑選成分股，惟每次定期審核時替換檔數需低於25%3。Open p.4 ↗ |
The number of replacements at each scheduled review must be less than 25% of constituents. |
| M8 Corporate actions, IPOs, ad-hoc changes · 10 fields | |||
| Coefficient product maintenance guide | Coefficient-product maintenance follows the TIP Index Series Corporate Actions Processing Rules. | 成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理Open p.4 ↗ |
Coefficient products are maintained under the TIP Index Series Corporate Actions Processing Rules. |
| Issued shares maintenance guide | Issued-share maintenance follows the TIP Index Series Corporate Actions Processing Rules. | 成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理Open p.4 ↗ |
Issued shares are maintained under the TIP Index Series Corporate Actions Processing Rules. |
| Index divisor maintenance guide | Non-scheduled index divisor maintenance follows the TIP Index Series Corporate Actions Processing Rules. | 成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理Open p.4 ↗ |
Non-scheduled index divisor maintenance is governed by the TIP Index Series Corporate Actions Processing Rules. |
| Fast entry | — | — (not found verbatim in the PDF) |
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| 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.4 ↗ |
Constituents deleted because of non-scheduled corporate-action adjustments are not replaced. |
| Deletion price | — | — (not found verbatim in the PDF) |
|
| 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；成分股若因此刪除，則不予遞補。Open p.4 ↗ |
Non-scheduled constituent adjustments, coefficient products, issued shares and index divisor maintenance follow the TIP Index Series Corporate Actions Processing 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 · 11 fields | |||
| Base date | 2023-12-22 | 註1：基期設定為2023 年12 月22 日，基準指數設定為5000 點。Open p.3 ↗ |
The index base date is 22 December 2023. |
| Base index value | 5,000 points | 註1：基期設定為2023 年12 月22 日，基準指數設定為5000 點。Open p.3 ↗ |
The base index value is 5,000 points. |
| 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 ↗ |
Taiwan Stock Exchange is entrusted with index calculation and real-time information transmission. |
| Formula type | Divisor | 特選臺灣IC 設計動能指數為「價格指數」：Open p.3 ↗ |
The price index and total return index are calculated using a divisor formula. |
| 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Open p.2 ↗ |
The intraday index is calculated using each constituent's latest traded price. |
| Calculation frequency | Intraday interval seconds: 5; End of day: Yes; Total return end of day: Yes | 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Open p.2 ↗ |
The price index is published every five seconds during market hours and once after the close; the total return index is calculated and published once after the close. |
| Return variants | PR, GTR | 特選臺灣IC 設計動能指數分「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 that includes cash dividends. |
| Dividend treatment | The total return index is adjusted for cash dividends to reflect returns including cash dividends. | 臺灣指數公司另編製特選臺灣IC 設計動能報酬指數，就特選臺灣IC 設計動能指數考量現金股利因素後加以調整，用以反映包含現金股利之報酬Open p.3 ↗ |
The total return index incorporates cash dividends in order to reflect total return including cash dividends. |
| Divisor adjustment | post-close constituent changes | 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 according to the 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 · 8 fields | |||
| Rules reference | 臺灣指數公司有價證券指數通則 | 指數編製、維護及管理等原則，參閱「臺灣指數公司有價證券指數通則」。Open p.1 ↗ |
Index compilation, maintenance and management principles refer to Taiwan Index Company's general rules for securities indices. |
| Records retained | closing market capitalisation 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 capitalisation records for all constituent stocks. |
| Oversight body | 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 and conducts 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 · 30Model-written, for reference
- 1Index code, ISIN, third-party vendor tickers, launch date, base date, base value, calculation currency, methodology version, and methodology date were not stated.
- 2Calculation agent, benchmark regulatory status, intended use, explicit size segment, and stated limitations were not found.
- 3Minimum trading history or listing-age requirement was not stated.
- 4Minimum free-float percentage, foreign ownership room, voting rights, minimum price, financial screens, ESG or business-controversy screens, and abnormal-price screen were not stated.
- 5The supplied text identifies market capitalisation ranking and momentum weighting concepts but does not provide detailed weighting formulas, caps, review frequency, or rebalance schedule.
- 6No explicit free-float factor bands were provided; only the below-10% exclusion threshold and update source were stated.
- 7No domestic inclusion factor was stated.
- 8No foreign ownership limit treatment was stated.
- 9No group, sector, or country aggregate weight cap was stated.
- 10The timing for applying the 10% constituent cap beyond using benchmark weights was not explicitly stated.
- 11No shares-outstanding source or share-count update rule was stated.
- 12No divisor adjustment rule was stated.
- 13No announcement timing or publication channel for scheduled review results was stated.
- 14No explicit reset frequency for capped or factor weights was stated beyond phasing scheduled review weight changes over three trading days.
- 15No size-segment buffer thresholds were stated.
- 16No relaxed liquidity threshold for existing constituents was stated.
- 17No fast-entry rule for large new listings, including size threshold, timing or excluded boards, was stated.
- 18No enumerated ad-hoc deletion triggers such as delisting, suspension, acquisition or bankruptcy were stated.
- 19No specific merger, acquisition or spin-off treatment was stated beyond reference to the separate corporate-actions guide.
- 20No deletion price rule was stated.
- 21No share or free-float change implementation threshold was stated.
- 22Published index precision or number of decimal places is not stated.
- 23Withholding tax basis for any net total return variant is not stated; only price and total return indexes are identified.
- 24Market disruption or market-closure calculation rules are not stated.
- 25The policy for recalculating or correcting published index levels is not stated.
- 26Specific situations permitting administrator discretion are not stated.
- 27Methodology review frequency, external review, material-change definition, consultation procedure and notice period are not stated.
- 28Error correction policy, disclosure channels, constituent-publication frequency and index cessation policy are not stated.
- 29The precise list of corporate-action events triggering divisor adjustments is not enumerated; the document only refers to post-close constituent adjustments under a separate corporate-action guide.
- 30Not 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 · 66 of 66 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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