Also known as: 特選臺灣AI優息動能指數 · IX0216 (TIP code)
Tracked by: 00962 (ETF)
At a glance
- Weighting schemeFactor tilted
- Review frequencySemi-annual
- Single cap10
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 11 fields | |||
| Target constituent count | 50 securities | 依股利率擇優選取50 檔股票。Open p.1 ↗ |
The methodology selects 50 constituent stocks. |
| Index name | Taiwan Index Corporation Select Taiwan Listed and Emerging AI Dividend Momentum Index | 臺灣指數公司特選臺灣上市上櫃AI 優息動能指數 (簡稱「特選臺灣AI 優息動能指數」)係以臺灣上市上櫃股票為母體Open p.1 ↗ |
The document names the index as Taiwan Index Corporation Select Taiwan Listed and OTC AI Dividend Momentum Index. |
| Local index name | 臺灣指數公司特選臺灣上市上櫃AI 優息動能指數 | 臺灣指數公司特選臺灣上市上櫃AI 優息動能指數Open p.1 ↗ |
The official local-language index name is the Taiwan Index Corporation Select Taiwan Listed and OTC AI Dividend Momentum Index. |
| Administrator | 臺灣指數公司 | 臺灣指數公司特選臺灣上市上櫃AI 優息動能指數Open p.1 ↗ |
The index provider is Taiwan Index Company. |
| Index family | 臺灣指數公司特選系列 | 臺灣指數公司特選臺灣上市上櫃AI 優息動能指數Open p.1 ↗ |
The index belongs to Taiwan Index Company's select-index series based on its naming convention. |
| Currency | TWD | 自由流通市值達新臺幣50 億元以上。Open p.2 ↗ |
The free-float market capitalisation threshold is denominated in New Taiwan dollars. |
| Objective | 表彰AI 產業中兼具高股息、成長動能與獲利能力之股票投資組合績效表現。 | 結合營收成長率調整成分股權重，表彰AI 產業中兼具高股息、成長動能與獲利能力之股票投資組合績效表現。Open p.1 ↗ |
The index measures the performance of a portfolio of AI-industry stocks combining high dividends, growth momentum and profitability. |
| 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 stocks in Taiwan. |
| Size segment | Custom | 經流動性檢驗、AI 產業篩選、股利條件、財務指標、發行市值等指標篩選，依股利率擇優選取50 檔股票。Open p.1 ↗ |
The index uses a custom thematic selection rather than a standard market-cap size tier. |
| Index family type | Dividend yield | 經流動性檢驗、AI 產業篩選、股利條件、財務指標、發行市值等指標篩選，依股利率擇優選取50 檔股票。Open p.1 ↗ |
The index is a dividend-yield and momentum thematic strategy selecting 50 stocks by dividend yield. |
| Factor exposures | Yield, Momentum, Quality, Growth | 分別以股利率及股價動能指標加權後，結合營收成長率調整成分股權重，表彰AI 產業中兼具高股息、成長動能與獲利能力之股票投資組合績效表現。Open p.1 ↗ |
The index exposures include dividend yield, price momentum, profitability and revenue growth. |
| M2 Universe · 6 fields | |||
| Eligible universe | 臺灣上市上櫃股票 | 係以臺灣上市上櫃股票為母體，經流動性檢驗、AI 產業篩選、股利條件、財務指標、發行市值等指標篩選Open p.1 ↗ |
The sampling universe is Taiwan listed and OTC stocks. |
| Suspension exception | Stocks that stop trading because new shares are exchanged due to capital reduction, conversion into a holding company, formation of a new company, or change of par value 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 ↗ |
Certain stocks suspended because replacement shares are issued after capital reduction, holding-company conversion, new-company formation, or par-value changes 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 eligible universe covers Taiwan listed and OTC 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 ↗ |
The universe consists of stocks listed on the Taiwan Stock Exchange and the Taipei Exchange. |
| Security types | Common | 上櫃普通股股票；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Open p.1 ↗ |
The universe includes common stocks only. |
| Exclusions | managed stocks, emerging stocks, stocks with a publicly announced change of trading method, stocks with suspended trading, 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 subject to changed trading methods or trading suspension, and innovation-board stocks are excluded, subject to a share-swap exception. |
| M3 Eligibility screens · 9 fields | |||
| Ai industry classification | 雲端運算, 人工智慧, 大數據, 區塊鏈, 金融科技, ChatGPT, 機器人, 生物辨識, 自動駕駛, 指紋辨識, 智慧醫療, 智慧電網 | 產業價值鏈資訊平台中屬「數位科技」下之「雲端運算」、 「人工智慧」、「大數據」、「區塊鏈」、「金融科技」。Open p.2 ↗ |
A company must belong to one of the listed AI-related value-chain categories or CMoney concept classifications. |
| Dividend condition | For the May periodic review, exclude annual-dividend stocks whose board decides not to pay dividends or has not decided the cash dividend amount before the review data cutoff, or that have 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.2 ↗ |
At the May review, certain annual-dividend stocks with no dividend decision, an undecided cash amount, or an ex-dividend date before effectiveness are excluded. |
| Selection ranking | Stocks passing all indicator screens are ranked by dividend yield from high to low and the top 50 are selected. | 排序方式：通過指標篩選者1，依股利率2由高至低依序選取50 檔成分股。Open p.2 ↗ |
After passing all screens, stocks are ranked by dividend yield from highest to lowest, and 50 constituents are selected. |
| Trading history | Minimum value: 2 years; Exceptions: Stocks that stop trading because new shares are exchanged due to capital reduction, conversion into a holding company, formation of a new company, or change of par value may remain in the universe | 採樣範圍：指數母體中上市上櫃滿2 年且非屬創新板之股票。Open p.1 ↗ |
Eligible stocks must have been listed or traded on the OTC market for at least two years. |
| Liquidity screen | Metric: Liquidity ratio; Window: most recent 12 months; Threshold: ranked in the top 50% by total trading value | 流動性檢驗：符合採樣母體之股票需符合下列條件。最近12 個月成交金額總額由大到小排序屬前50%。Open p.2 ↗ |
Stocks must rank in the top 50% by total trading value over the most recent 12 months. |
| Minimum size | Metric: Float adjusted market cap; Threshold: 5,000,000,000 | 自由流通市值達新臺幣50 億元以上。Open p.2 ↗ |
A stock's free-float market capitalisation must be at least NT$5 billion. |
| Financial screens | Average cash dividend yield over the most recent three years must rank in the top 80%., ROE must be positive in each of the most recent two years., ROA must be positive in each of the most recent two years. | 最近3 年平均現金股利殖利率屬前80%高。 d. 最近2 年ROE、ROA 皆為正數。Open p.2 ↗ |
Candidates must have top-80% three-year average cash dividend yield and positive ROE and ROA in both of the last two years. |
| Business or ESG exclusions | Companies must pass the AI-industry screen based on specified industry-value-chain or CMoney concept classifications. | AI 產業篩選： 滿足以下任一條件即可i. 產業價值鏈資訊平台中屬「數位科技」下之「雲端運算」、 「人工智慧」、「大數據」、「區塊鏈」、「金融科技」。Open p.2 ↗ |
The index applies an AI-industry inclusion screen using specified digital-technology value-chain categories or CMoney AI concept classifications. |
| Suspension rule | Stocks publicly announced as having changed trading methods or suspended from trading are excluded, except certain replacement-share cases that may remain in the universe. | 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 with changed trading methods or trading suspension are excluded, except specified replacement-share cases. |
| M4 Selection and constituent count · 1 field | |||
| Existing constituent retention rule | When more than 24 replacements occur, eligibility criteria are relaxed sequentially to retain up to 26 existing constituents, after which non-existing constituents fill the total to 50. | 替換檔數超過24 檔時，則於通過指標篩選者中，依序自「參、二、2.e.」起放寬至「參、二、2.a.」，直至既有成分股達26 檔後即終止放寬，再優先選取至多26 檔既有成分股及以非既有成分股補滿50 檔。Open p.4 ↗ |
If more than 24 stocks would be replaced, criteria are relaxed in order until 26 existing constituents are retained, then non-existing constituents fill the total to 50. |
| M5 Weighting and capping · 9 fields | |||
| Review specific weighting factors | The May periodic review uses dividend yield weighting; the November periodic review uses price momentum indicator 3 weighting and then adjusts weights by the latest three-month revenue year-on-year growth rate. | 5 月定審依股利率加權，11 月定審依股價動能指標3加權，再依最1.近3 個月營收年成長率調整權重。Open p.2 ↗ |
The May review weights by dividend yield, while the November review weights by price momentum indicator 3 and then adjusts by the latest three-month annual revenue growth rate. |
| Relative weight constraint | A constituent's weight may not exceed five times the minimum of its free-float market capitalization share and its latest three-month trading value share. | 個別成分股的權重上限為10%，同時不得超過以下指標之5 倍4： 2. min(自由流通市值占比, 最近3 個月成交金額占比)Open p.2 ↗ |
Each constituent's weight is capped at five times the lesser of its free-float market capitalization share and its latest three-month trading value share. |
| Minimum free float factor | 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 with a free-float factor below 10% are not included in the constituent sample. |
| Free float factor update timing | Updated to coincide with the effective date of periodic constituent reviews. | 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 effective date of the periodic constituent review. |
| Free float factor data source | Taiwan Index Corporation's most recent data produced under its 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 by Taiwan Index Corporation under its Free-Float Factor Compilation Rules. |
| Weighting scheme | Factor tilted | 5 月定審依股利率加權，11 月定審依股價動能指標3加權，再依最1.近3 個月營收年成長率調整權重。Open p.2 ↗ |
Index weights are determined by review-specific factors: dividend yield in May and price momentum adjusted by revenue growth in November. |
| Weight cap | 10% | 個別成分股的權重上限為10%Open p.2 ↗ |
Each individual constituent has a maximum weight of 10%. |
| Free float factor | Method: Free float | 發行股數−不可自由流通股數自由流通量係數=發行股數From TIP Free Float Coefficient Calculation Guide ↗ |
The free float factor equals issued shares minus non-freely-tradable shares divided by issued shares, rounded to the nearest 1%. |
| 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 · 9 fields | |||
| Target constituent count | 50 constituents | 每次定期審核後選取固定的成分股檔數50 檔。成分股之檔數替換限制：每次定期審核至多替換24 檔5。Open p.4 ↗ |
Each periodic review selects a fixed portfolio 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 ↗ |
From the periodic review effective date inclusive, a three-trading-day transition period spreads weight changes across those days. |
| Divisor maintenance basis | The divisor is maintained using closing data on the trading day immediately before each day of the review transition period 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 ↗ |
During the periodic-review transition, the divisor uses the prior trading day's closing data to calculate the market-cap difference between the new and original portfolios. |
| Insufficient history company rule | If a holding company or newly established company lacks sufficient screening data for the periodic review, data of a representative company or stock resulting from share conversion may be combined when that representative is eligible 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 or newly established companies with insufficient review data, data from a conversion-share representative company or stock may be combined if that representative qualifies for the sampling universe. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，以5、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 ↗ |
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 undergoes semiannual scheduled reviews and ad hoc constituent adjustments for corporate-action maintenance. |
| Review months | May, November | 每年2 次進行成分股定期審核，以5、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 review reference dates in May and November. |
| Data cutoff rule | The seventh trading day of May and November is the review reference date, and review data are cut off at the last trading day of the preceding month. | 每年2 次進行成分股定期審核，以5、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 May and November, with review data through the last trading day of the prior month. |
| 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；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 ↗ |
Periodic review changes become effective five trading days after the review reference date. |
| M7 Buffers and turnover control · 1 field | |||
| Maximum turnover per review | 24 constituents | 每次定期審核後選取固定的成分股檔數50 檔。成分股之檔數替換限制：每次定期審核至多替換24 檔5。Open p.4 ↗ |
Each periodic review may replace at most 24 constituents. |
| M8 Corporate actions, IPOs, ad-hoc changes · 4 fields | |||
| Replacement policy | None | 成分股若因此刪除，則不予遞補。Open p.4 ↗ |
If a constituent is removed because of an ad hoc 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；成分股若因此刪除，則不予遞補。Open p.4 ↗ |
Ad hoc 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 · 13 fields | |||
| Base date | 2024-05-24 | 註1：基期設定為2024 年5 月24 日，基準指數設定為5000 點。Open p.3 ↗ |
The index base date is 24 May 2024. |
| Base level | 5,000 index points | 註1：基期設定為2024 年5 月24 日，基準指數設定為5000 點。Open p.3 ↗ |
The base index level is set at 5,000 points. |
| Launch or real time start date | 2024-07-01 | 特選臺灣AI 優息動能指數自2024 年7 月1 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，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.2 ↗ |
Real-time calculation and publication begin on 1 July 2024. |
| Calculation agent | Taiwan Stock Exchange | 由臺灣指數公司負責編製，委請臺灣證券交易所計算及即時資訊傳輸。Open p.1 ↗ |
Taiwan Index Commission compiles the index and entrusts the Taiwan Stock Exchange with calculation and real-time information transmission. |
| Divisor continuity rule | The new divisor equals the previous divisor multiplied by prior closing market capitalisation plus or minus changed market capitalisation, divided by prior closing market capitalisation. | 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 ↗ |
The divisor is adjusted proportionally to the change in aggregate market capitalisation to maintain index continuity. |
| Formula type | Divisor | 𝐼𝑛𝑑𝑒𝑥𝑡= 𝐷𝑖𝑣𝑖𝑠𝑜𝑟𝑡 𝑐𝑝𝑖,𝑡× 𝑠𝑖,𝑡× 𝑝𝑖,𝑡= 成分股i 在t 日的指數成分股市值𝑛= 指數成分股檔數𝑝𝑖,𝑡=成分股i 在t 日的價格Open p.3 ↗ |
The index is calculated as index market capitalisation divided by an index divisor, multiplied by the base index level. |
| 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，並於每日收盤後計算一次收盤指數。Open p.2 ↗ |
The intraday index is calculated using the latest traded price of each constituent. |
| Calculation frequency | Frequency: every 5 seconds; Timing: during exchange trading hours; Series: intraday price index, Frequency: once daily; Timing: after close; Series: closing price index, Frequency: once daily; Timing: after close; Series: total return index | 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收盤指數。Open p.2 ↗ |
The price index is published every five seconds during trading 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AI 優息動能指數分「價格指數」 (Price Index)、「報酬指數」 (Total Return Index)，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 index family includes a price index and a total return index that reflects returns including cash dividends. |
| Dividend treatment | Cash dividends are incorporated into the total return index to reflect returns including cash dividends. | 就特選臺灣AI 優息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，該指數於每日收盤後計算並公布一次。Open p.2 ↗ |
The total return index is adjusted for cash dividends so that it reflects returns including cash dividends. |
| Divisor adjustment | post-close constituent changes, corporate actions under the TIP Index Series Corporate Action Guidelines for SmartBeta investment indices | 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，調整方式如下Open p.3 ↗ |
After the close, the index divisor is adjusted for constituent and corporate-action 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 · 9 fields | |||
| Index governance reference | General Rules for Taiwan Index Company 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 ↗ |
Principles for index compilation, maintenance and administration refer to the Taiwan Index Company general rules for securities indices. |
| Corporate actions reference | TIP Index Series Corporate Action Guidelines for SmartBeta investment indices | 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」SmartBeta 投資型指數所定Open p.3 ↗ |
Coefficients and divisor adjustments follow the TIP Index Series corporate action guidelines for SmartBeta investment indices. |
| Records retention | Closing market capitalisation records for all constituent stocks are retained. | 臺灣指數公司將保存所有成分股的收盤市值紀錄。Open p.1 ↗ |
Taiwan Index Commission retains closing market capitalisation records for all constituent stocks. |
| Oversight body | Taiwan Index Commission | Taiwan Index Commission is responsible for compiling the index and conducting periodic constituent reviews. | |
| Methodology review frequency | periodic constituent reviews | 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 Commission conducts periodic reviews of constituent stocks according to 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. |
| 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, third-party vendor tickers, launch date, base date, base value, methodology version and methodology date were not stated.
- 2Calculation agent and intended use were not stated.
- 3Benchmark regulation status and any stated limitations were not provided.
- 4Minimum free-float percentage, foreign room, voting-rights requirement and minimum share price were not stated.
- 5No explicit extreme-price screen was stated.
- 6The official English index name was not printed; the value is a structured English rendering rather than an officially quoted name.
- 7The provided text does not state the general selection method, ranking metrics, target count, tie-breaking, industry neutrality, or reserve-list policy.
- 8The provided text does not specify free-float factor bands or a free-float adjustment method beyond the 10% minimum inclusion threshold and update rules.
- 9The provided text does not state domestic inclusion factors or foreign ownership limit treatment.
- 10The provided text does not specify group, sector, or country caps or the timing for applying caps.
- 11The provided text does not identify the source or update timing for shares outstanding.
- 12The provided text does not describe divisor adjustment continuity rules.
- 13No announcement publication timing or channel for periodic review results was stated.
- 14No rank buffer or size-segment buffer was stated.
- 15No relaxed liquidity threshold for existing constituents was stated.
- 16No fast-entry rule for large new listings was stated.
- 17No specific ad hoc deletion triggers, deletion price, merger or spin-off treatment, or share/float change threshold were stated beyond reference to the separate corporate-action guide.
- 18No published-index precision or number of decimal places is stated.
- 19No withholding-tax basis for a net total return variant is stated; only a price index and a total return index are identified.
- 20No market disruption or market-closure calculation rule is stated.
- 21No policy for recalculating or correcting published index levels is stated.
- 22No specific oversight committee separate from Taiwan Index Commission is identified.
- 23No discretionary decision situations are explicitly listed.
- 24No frequency for reviewing the methodology document itself is stated; the text states periodic constituent reviews.
- 25No external review, consultation procedure, material-change definition, or notice period is stated.
- 26No error correction or restatement policy is stated.
- 27No disclosure channels beyond TWSE real-time information transmission and daily publication are specified.
- 28No constituent-list publication frequency is explicitly stated.
- 29No index cessation or discontinuation policy is stated.
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 71 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, TIP Free Float Coefficient Calculation Guide v1.0.0
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