Also known as: 特選臺灣科技高息成長指數 · IX0214 (TIP code)
Tracked by: 00946 (ETF)
At a glance
- Weighting schemeOptimized
- Review frequencySemi-annual
- Single cap10
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 10 fields | |||
| Index name | Taiwan Index Inc. Select Taiwan Listed and Emerging Market Technology High Dividend Growth Index | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數(簡稱「特選臺灣科技高息成長指數」) ，自電子產業中篩選出通過流動性以及指標篩選之股票Open p.1 ↗ |
The document names the index as Taiwan Index Company Select Taiwan Listed and OTC Technology High Dividend Growth Index. |
| Index short name | 特選臺灣科技高息成長指數 | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數(簡稱「特選臺灣科技高息成長指數」)Open p.1 ↗ |
The vendor's short name is Select Taiwan Technology High Dividend Growth Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數 | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數(簡稱「特選臺灣科技高息成長指數」)Open p.1 ↗ |
The official local-language index name is stated in traditional Chinese. |
| Administrator | 臺灣指數公司 | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數(簡稱「特選臺灣科技高息成長指數」)Open p.1 ↗ |
Taiwan Index Inc. is the index provider identified by the index name and document title. |
| Index family | 特選系列 | 臺灣指數公司特選臺灣上市上櫃科技高息成長指數(簡稱「特選臺灣科技高息成長指數」)Open p.1 ↗ |
The index belongs to Taiwan Index Inc.'s Select index series based on its Chinese naming convention. |
| Objective | 以表兼具外資青睞、獲利與成長潛力之高股息電子類投資組合績效表現。 | 成分股考量流動性及胃納量綜合加權，以表兼具外資青睞、獲利與成長潛力之高股息電子類投資組合績效表現。Open p.1 ↗ |
The index measures the performance of a high-dividend electronics portfolio that combines foreign-investor appeal, profitability, and growth potential. |
| 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 listed and OTC common stocks in Taiwan. |
| Size segment | Custom | 自電子產業中篩選出通過流動性以及指標篩選之股票，依照股利率、獲利成長、毛利率及外資認同度因子，計算高息成長綜合指標Open p.1 ↗ |
The methodology uses a custom technology high-dividend growth screen rather than a standard market-cap size tier. |
| Index family type | Multi factor | 依照股利率、獲利成長、毛利率及外資認同度因子，計算高息成長綜合指標，並分別依照高息成長綜合指標與股利率，選取至少50 檔成分股。Open p.1 ↗ |
The index type is not directly listed by the provided enum set, though the methodology constructs a composite factor score. |
| Factor exposures | Quality, Yield, Growth, Multi factor | 「高息成長綜合指標」係由審核資料截止日之下列數值，標準化後經轉換並加總計算而成： i. 近四季毛利率總和ii. 股利率iii. 外資持股占比iv. 最近四季綜合損益之同期成長率Open p.3 ↗ |
The factor framework uses gross margin, dividend yield, earnings growth, and foreign-investor ownership to build a composite high-dividend growth score. |
| M2 Universe · 7 fields | |||
| Eligible universe | Sector scope: Semiconductors, computer and peripheral equipment, Optoelectronics, communications and internet, electronic components, electronic distribution, information services, other electronics; Free float market cap rank top: 250; Minimum free float market cap TWD: 5,000,000,000 | 半導體類、電腦及週邊設備類、光電類、通信網路類、電子零組件類、電子通路類、資訊服務類及其他電子類股票中，自由流通市值屬前250 大且自由流通市值達50 億元者。Open p.1 ↗ |
Within the electronics sectors, candidates must rank among the top 250 by free-float market capitalisation and have free-float market capitalisation of at least NT$5 billion. |
| Suspended share swap exception | Yes | 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 that stop trading because new shares are issued due to capital reduction or conversion into a holding, newly established, or par-value-changed company may remain in the universe. |
| Markets | Taiwan | 指數母體：臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The sampling universe covers Taiwan listed and OTC common stocks. |
| 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 ↗ |
Securities must be listed on the Taiwan Stock Exchange or traded OTC on the Taipei Exchange. |
| Boards | TPEx listed excluding Innovation Board | 採樣範圍：指數母體中非屬創新板之股票Open p.1 ↗ |
The sampling scope excludes securities 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 index universe consists of common stock. |
| Exclusions | managed stocks, emerging stocks, stocks announced as having changed trading methods, stocks announced as suspended from trading, Innovation Board stocks, non-electronics-sector 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 ↗ |
The universe excludes managed, emerging, altered-trading-method, suspended, Innovation Board, and non-specified electronics-sector stocks, subject to a share-swap exception. |
| M3 Eligibility screens · 10 fields | |||
| Foreign ownership screen | Metric: Foreign investor holding percentage; Threshold type: Top percentile; Threshold: 80 | 外資持股占比前80%高。Open p.3 ↗ |
Candidates must rank in the top 80% by foreign-investor shareholding percentage. |
| Dividend screen | Metric: Dividend yield; Formula: cash dividends over the most recent four quarters divided by the closing price on the review data cutoff date; Threshold type: Top percentile; Threshold: 50 | 股利率2前50%高。Open p.3 ↗ |
Candidates must rank in the top 50% by dividend yield, calculated as the latest four quarters' cash dividends divided by the cutoff-date closing price. |
| May dividend exclusion | At the May periodic review, annual dividend stocks are excluded if the board has decided not to pay dividends, has not decided the cash dividend amount by the data cutoff date, or has gone ex-dividend before the effective date. | 排除當年度5 月定期審核時，於審核資料截止日前董事會決定不配息或未決定發放現金股利金額，或生效日前已除息之年配息股票。Open p.3 ↗ |
At the May review, certain annual-dividend stocks are excluded based on no dividend decision, undetermined cash dividend amount, or an ex-dividend date before implementation. |
| Composite score components | sum of gross margins over the latest four quarters, dividend yield, foreign-investor shareholding percentage, year-on-year growth rate of comprehensive income over the latest four quarters | 「高息成長綜合指標」係由審核資料截止日之下列數值，標準化後經轉換並加總計算而成： i. 近四季毛利率總和ii. 股利率iii. 外資持股占比iv. 最近四季綜合損益之同期成長率Open p.3 ↗ |
The high-dividend growth composite indicator standardizes, transforms, and sums gross margin, dividend yield, foreign ownership, and comprehensive-income growth. |
| Optimization ratio minimum | 0.2% | 第二階段：計算通過第一階段之個別股票之最適化比例，排除最適化比例未達0.2%者。Open p.3 ↗ |
Stocks whose optimization ratio is below 0.2% are excluded in the second selection stage. |
| Default qualified count | 70 securities | 合格股票之預設檔數為70 檔；若通過第二階段之股票最適化比例總和未達100%以上，合格股票檔數以5 檔為級距逐次遞增Open p.3 ↗ |
The default number of qualified stocks is 70. |
| Minimum constituent count | 50 securities | 第三階段：通過第二階段之股票依股利率由高至低排序，且依序選取直至累積最適化比例達100%以上，且檔數不得低於50檔。Open p.3 ↗ |
The final selection must contain no fewer than 50 stocks. |
| Liquidity screen | Metric: Average daily value; Window: minimum of the one-month average daily trading value, six-month average daily trading value, and six-month median daily trading value; Threshold: 20,000,000; Currency: TWD | 流動性指標1高於2,000 萬元。Open p.3 ↗ |
The liquidity indicator must exceed NT$20 million, where the indicator is the lowest of the one-month ADV, six-month ADV, and six-month median. |
| Minimum size | Metric: Float adjusted market cap; Threshold: 5,000,000,000; Rank threshold: 250; Currency: TWD | 自由流通市值屬前250 大且自由流通市值達50 億元者。Open p.1 ↗ |
Candidates must be among the top 250 stocks by free-float market capitalisation and have free-float market capitalisation of at least NT$5 billion. |
| Financial screens | sum of EPS over the most recent four quarters must be positive, for the November periodic review, year-to-date EPS must be positive, for the November periodic review, EPS must be positive in at least two quarters of the year | 近四季EPS 總和為正數；11 月定審需額外滿足當年度累計EPS為正數、且當年度至少有兩季EPS 為正數。Open p.3 ↗ |
Candidates must have positive aggregate EPS over the latest four quarters, with additional current-year EPS conditions for the November review. |
| M5 Weighting and capping · 7 fields | |||
| 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. |
| Free float factor update timing | Updated to coincide with the effective date of scheduled constituent reviews; daily during an index-adjustment transition period, if one is established. | 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, or on each trading day during a transition period if one is provided. |
| Free float factor data source | Taiwan Index Corporation Free-Float Factor Compilation Rules, most recent data | 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 under Taiwan Index Corporation's free-float factor compilation rules. |
| Weighting scheme | Optimized | 1. 最適化比例加權。Open p.3 ↗ |
The index uses optimized proportional weighting. |
| Free float factor | Method: Free float | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.5 ↗ |
The methodology uses a free-float factor, with securities below a 10% factor excluded from sampling, but it does not provide factor bands. |
| Weight cap | 10% | 依最適化比例作為計算標準，個別成分股權重不得超過10%。Open p.3 ↗ |
Each individual 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 · 12 fields | |||
| Minimum constituent count after review | 50 constituents | 每次定期審核後成分股檔數至少為50 檔。Open p.4 ↗ |
After each periodic review, the index must contain at least 50 constituents. |
| Adjustment transition period | Threshold: 50,000,000,000 trading days; Transition period: 8 trading days; Condition: planned assets under management reach at least TWD 50 billion | 若「預擬資產管理規模」達500 億元以上，則於指數定期審核生效日(含)起設有8 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8 個交易日內調整。Open p.5 ↗ |
If planned assets under management are at least TWD 50 billion, periodic-review weight changes are spread over an eight-trading-day transition period beginning on the effective date. |
| Divisor maintenance basis | The index divisor is maintained using closing data on the trading day immediately before the periodic-review effective date, measuring the market-capitalisation difference between the new and original constituent portfolios. | 指數除數維護方式，採成分股定期審核生效日7前一交易日收盤資4.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 the prior trading day's closing data to calculate the market-cap difference between the new and old portfolios. |
| Insufficient history data rule | For a holding company or newly established company with insufficient screening-data history, data from a representative company or stock may be combined if that 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.5 ↗ |
A holding or newly established company with insufficient review data may combine data from a representative company or stock if that representative company meets sampling-universe eligibility. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核為審核基準日，審核資料截至5、11 月第10 個交易日。Open p.4 ↗ |
Constituents are periodically 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 個交易日為審核為審核基準日，審核資料截至5、11 月第10 個交易日。Open p.4 ↗ |
The index uses semiannual scheduled constituent reviews and may also make unscheduled adjustments for corporate events. |
| Review months | May, November | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核為審核基準日，審核資料截至5、11 月第10 個交易日。Open p.4 ↗ |
The scheduled reviews occur in May and November. |
| Data cutoff rule | The review reference date is the 17th trading day of May and November, and review data are cut off as of the 10th trading day of those months. | 每年2 次進行成分股定期審核，以5、11 月第17 個交易日為審核為審核基準日，審核資料截至5、11 月第10 個交易日。Open p.4 ↗ |
The review reference date is the 17th trading day of May and November, with review data cut off as of the 10th trading day. |
| Announcement rule | — | — (not found verbatim in the PDF) |
|
| Effective date rule | Periodic review results 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；若「預擬資產管理規模」達500 億元以上，則於指數定期審核生效日(含)起設有8 個交易日的指數調整過渡期Open p.5 ↗ |
Periodic review changes become effective five trading days after the review reference date. |
| Rebalance frequency | — | — (not found verbatim in the PDF) |
|
| Weight reset frequency | — | — (not found verbatim in the PDF) |
|
| M7 Buffers and turnover control · 2 fields | |||
| Turnover limit applicability footnote | The replacement limits apply when the number of candidate stocks that are not existing constituents is no more than 24 for May or 12 for November. | 6 本次定期審核之候選股票，非屬既有成分股之檔數不超過24 檔(5 月)/12 檔(11 月)時適用。Open p.4 ↗ |
The turnover limits are stated to apply when non-incumbent candidate stocks number at most 24 in May and 12 in November. |
| Maximum turnover per review | 24 constituents, 12 constituents | 成分股之檔數替換限制6：5 月定期審核需滿足至多替換24 檔之限2.Open p.4 ↗ |
The May review may replace at most 24 constituents and the November review at most 12. |
| M8 Corporate actions, IPOs, ad-hoc changes · 5 fields | |||
| Unscheduled maintenance scope | Unscheduled maintenance covers constituent adjustments, coefficient products, issued shares, and the index divisor under the TIP corporate-action 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.5 ↗ |
Corporate-action maintenance covers constituents, coefficient products, issued shares, and the index divisor. |
| 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 on an unscheduled basis under the TIP corporate-action processing rules, but the cited text does not enumerate specific trigger types. |
| Replacement policy | None | 成分股若因此刪除，則不予遞補。Open p.5 ↗ |
If a constituent is deleted because of an unscheduled corporate-action adjustment, it is not replaced. |
| Corporate actions guide ref | TIP 指數系列企業活動處理通則 | 成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理Open p.5 ↗ |
Unscheduled constituent adjustments, coefficient products, shares outstanding, and index divisor maintenance follow the TIP Index Series Corporate Action Processing 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 | |||
| Base value | 5,000 index points | 註1：基期設定為2024 年2 月29 日，基準指數設定為5000 點。Open p.4 ↗ |
The base index value is set at 5,000 points. |
| Base date | 2024-02-29 | 註1：基期設定為2024 年2 月29 日，基準指數設定為5000 點。Open p.4 ↗ |
The base date is February 29, 2024. |
| Real time start date | 2024-04-22 | 特選臺灣科技高息成長指數自2024 年4 月22 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 began on April 22, 2024. |
| Formula type | Divisor | 指數市值× 基準指數指數=指數除數Open p.4 ↗ |
The index is calculated as adjusted market capitalization multiplied by the base index value and divided by an index divisor. |
| 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 intraday index is calculated using constituents' latest traded prices. |
| Calculation frequency | Intraday interval seconds: 5; End of day: Yes; Total return 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 after close, while the total return index is calculated and published once after close. |
| Return variants | PR, GTR | 特選臺灣科技高息成長指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)Open p.1 ↗ |
The index is published as a price index and a total return index; no net total return variant is stated. |
| 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科技高息成長報酬指數，就特選臺灣科技高息成長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 adjusts the price index for cash dividends in order to reflect returns that include cash dividends. |
| Divisor adjustment | post-close constituent adjustments, corporate action 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」SmartBeta 投資型指數調整指數除數以維持指數連續性Open p.4 ↗ |
After the close, the divisor is adjusted for constituent and market-capitalization changes under the SmartBeta corporate-action rules to maintain index continuity. |
| Market disruption rule | If the TWSE centralised market cannot open normally or is closed, index calculation and publication stop. | 若證交所有價證券集中交易市場（以下稱：集中市場）因故無法正常開市或休市，指數將停止計算發布。From TIP General Principles for TIP Securities Indices ↗ |
Index calculation and publication are stopped when the Taiwan Stock Exchange centralised market is unable to open normally or is closed. |
| Recalculation policy | Missed intraday real-time indices are not recalculated after a real-time calculation or publication system failure., Affected daily closing indices after a major-emergency suspension are recalculated within five trading days after operations resume. | 若指數發生3.3.2 之情事，將不會回溯計算發布遺漏的盤中即時指數。From TIP General Principles for TIP Securities Indices ↗ |
Missed intraday real-time values are not back-calculated, whereas closing values affected by a major-emergency suspension are retrospectively calculated and corrected. |
| M10 Governance, change policy, disclosure · 11 fields | |||
| 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 ↗ |
The Taiwan Stock Exchange is entrusted with index calculation and real-time information transmission. |
| Periodic review | Taiwan Index Corporation 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 Corporation conducts periodic constituent reviews under the index compilation rules. |
| Records retention | Taiwan Index Corporation retains closing market-capitalization records for all constituent stocks. | 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 Corporation keeps closing market-capitalization records for all constituent stocks. |
| General index rules reference | Principles for index compilation, maintenance, and management refer to the Taiwan Index Corporation general rules for securities indexes. | 指數編製、維護及管理等原則，參閱「臺灣指數公司有價證券指數通則」。Open p.1 ↗ |
Index compilation, maintenance, and management principles follow the Taiwan Index Corporation General Rules for Securities Indexes. |
| Corporate actions guide reference | Coefficients and divisor adjustments follow the TIP Index Series Corporate Action Handling General Rules for SmartBeta investment indexes. | 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 ↗ |
Coefficient and divisor treatment refers to the TIP Index Series Corporate Action Handling General Rules for SmartBeta investment indexes. |
| 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, conducts periodic constituent reviews, and maintains closing market-capitalization records. |
| 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 · 38Model-written, for reference
- 1Index code, ISIN, and third-party vendor tickers were not stated.
- 2Calculation agent, launch date, base date, base value, calculation currency, methodology version, and methodology date were not stated.
- 3Benchmark regulatory status and intended use as an investable product benchmark were not explicitly stated.
- 4Minimum listing or trading history was not stated.
- 5Minimum free-float percentage and minimum foreign room percentage were not stated; only free-float market capitalisation and foreign ownership ranking were provided.
- 6Minimum voting rights, minimum share price, suspension treatment at selection reviews, and abnormal-price screening were not stated.
- 7Business or ESG exclusions beyond dividend, liquidity, financial, sector, and trading-status rules were not stated.
- 8The document does not specify the exact optimization objective, inputs, or constraints for optimized proportional weighting.
- 9The document does not state whether the 10% single-stock cap is applied at scheduled reviews, daily, or on another timing.
- 10The document does not provide free-float factor bands or a detailed factor-mapping table.
- 11The document does not specify a domestic inclusion factor.
- 12The document does not specify foreign ownership limits or foreign-room treatment.
- 13The document does not specify group, sector, or country aggregate weight caps.
- 14The document does not specify the shares-outstanding source or update schedule.
- 15The document does not specify a divisor adjustment rule for maintaining index continuity.
- 16No announcement timing or publication channel for periodic review results was stated.
- 17No separate rebalancing frequency or capped/factor weight-reset frequency was stated beyond the semiannual review and conditional eight-trading-day transition.
- 18No rank buffer, size-segment buffer, or relaxed liquidity buffer for existing constituents was stated.
- 19No fast-entry rule for large new listings was stated.
- 20No specific ad-hoc deletion triggers such as delisting, suspension, acquisition, or bankruptcy were enumerated; the text refers unspecified corporate-event treatment to the TIP guide.
- 21No merger, acquisition, or spin-off treatment details were provided beyond a reference to the separate TIP corporate-action guide.
- 22No deletion price or share/float-change implementation threshold was stated.
- 23No statement found for the number of decimal places in the published index level.
- 24No withholding-tax basis found for a net total return variant.
- 25No market closure or disruption calculation rule found.
- 26No policy for recalculating or correcting published index levels found.
- 27No explicit governance committee or oversight committee beyond Taiwan Index Corporation identified.
- 28No discretionary decision points listed.
- 29No methodology review frequency found.
- 30No external review or consultation procedure found.
- 31No material-change definition found.
- 32No notice period for methodology or constituent changes found.
- 33No error-correction or restatement policy found.
- 34No disclosure channels other than real-time transmission by the Taiwan Stock Exchange and daily publication stated.
- 35No constituent-list publication frequency found.
- 36No index cessation or discontinuation policy found.
- 37The exact enumerated corporate-action events triggering divisor changes are not listed and are only incorporated by reference.
- 38Not 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 · 72 of 72 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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