Also known as: 台灣旗艦動能50指數 · IX0219 (TIP code)
Tracked by: 009802 (ETF)
At a glance
- Weighting schemeFactor tilted
- Review frequencySemi-annual
- Single cap30
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 10 fields | |||
| Selection pool rank | Metric: Rank; Threshold: 200 | 以臺灣上市上櫃公司為母體，自市值前200 大股票，經流動性、波動度及獲利能力篩選後Open p.1 ↗ |
The index selects 50 constituents from the 200 largest stocks by market capitalisation. |
| Target constituent count | 50 securities | 擇優挑選50檔成分股，表彰臺灣市場具投資動能之旗艦型股票組合績效表現。Open p.1 ↗ |
The index selects 50 constituent stocks. |
| Index name | 臺灣指數公司台灣上市上櫃旗艦動能50 指數 | 臺灣指數公司台灣上市上櫃旗艦動能50 指數(簡稱「台灣旗艦動能50 指數」)以臺灣上市上櫃公司為母體Open p.1 ↗ |
The official index name is Taiwan Index Company Taiwan Listed and OTC Flagship Momentum 50 Index. |
| Index short name | 台灣旗艦動能50 指數 | 臺灣指數公司台灣上市上櫃旗艦動能50 指數(簡稱「台灣旗艦動能50 指數」)Open p.1 ↗ |
The short name used by the vendor is Taiwan Flagship Momentum 50 Index. |
| Local index name | 臺灣指數公司台灣上市上櫃旗艦動能50 指數 | 臺灣指數公司台灣上市上櫃旗艦動能50 指數(簡稱「台灣旗艦動能50 指數」)Open p.1 ↗ |
The local-language index name is 臺灣指數公司台灣上市上櫃旗艦動能50 指數. |
| Index family | 臺灣指數公司 | 臺灣指數公司台灣上市上櫃旗艦動能50 指數(簡稱「台灣旗艦動能50 指數」)Open p.1 ↗ |
The index is provided under Taiwan Index Company. |
| Objective | 表彰臺灣市場具投資動能之旗艦型股票組合績效表現。 | 擇優挑選50檔成分股，表彰臺灣市場具投資動能之旗艦型股票組合績效表現。Open p.1 ↗ |
The index measures the performance of a flagship portfolio of Taiwan-listed stocks with investment momentum. |
| Size segment | Custom | 自市值前200 大股票，經流動性、波動度及獲利能力篩選後，依據動能指標、考量動能反轉並顧及產業平衡，擇優挑選50檔成分股Open p.1 ↗ |
The index targets 50 stocks selected from the 200 largest companies, so its size tier is custom rather than a standard broad segment. |
| Index family type | Factor | 經流動性、波動度及獲利能力篩選後，依據動能指標、考量動能反轉並顧及產業平衡，擇優挑選50檔成分股Open p.1 ↗ |
The index is a momentum factor index because it selects stocks using momentum indicators and momentum scores. |
| Factor exposures | Momentum | 依據動能指標、考量動能反轉並顧及產業平衡，擇優挑選50檔成分股Open p.1 ↗ |
The stated factor exposure is momentum. |
| M2 Universe · 6 fields | |||
| Suspended share swap exception | New shares issued because of capital reduction or conversion into a holding company, newly established company, or changed par value 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 whose new certificates are suspended due to specified capital-reduction or conversion reasons may still be included 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 companies listed on Taiwan's listed and OTC markets. |
| Exchanges | 臺灣證券交易所, 中華民國證券櫃檯買賣中心 | 臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
Securities must be listed on the Taiwan Stock Exchange or traded OTC on the Taipei Exchange. |
| Boards | Listed, OTC, innovation board excluded | 採樣範圍：指數母體中非屬創新板之股票。Open p.1 ↗ |
The universe includes listed and OTC common stocks but excludes stocks on the innovation board. |
| Security types | Common | 臺灣證券交易所上市與中華民國證券櫃檯買賣中心上櫃普通股股票Open p.1 ↗ |
The universe consists of common stock. |
| Exclusions | managed stocks, emerging stocks, stocks publicly announced as having changed trading methods, stocks publicly announced as suspended from 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 with changed trading methods or suspended trading, and innovation board stocks are excluded, subject to a share-swap exception. |
| M3 Eligibility screens · 9 fields | |||
| Volatility screen | Metric: 252-day adjusted-share-price volatility; Threshold: among the lowest 80%; Window: latest 252 days | ii. 最近252 日還原股價波動度屬前80%低。Open p.2 ↗ |
A security's 252-day adjusted-share-price volatility must rank among the lowest 80%. |
| Beta screen | Metric: 20-day beta coefficient; Threshold: Positive; Window: latest 20 days | 最近20 日𝛽(Beta)係數1為正。Open p.2 ↗ |
The security's latest 20-day beta coefficient must be positive. |
| Momentum score | Calculated using the latest 20-day alpha value. | 以最近20 日𝛼(Alpha)值計算動能分數2後，排除動能分數距平均數超過一個標準差者。Open p.2 ↗ |
The momentum score is calculated from the latest 20-day alpha value. |
| Momentum outlier exclusion | Rule: Exclude stocks whose momentum score is more than one standard deviation from the mean; Threshold: 1 standard deviations | 排除動能分數距平均數超過一個標準差者。Open p.2 ↗ |
Stocks whose momentum score differs from the mean by more than one standard deviation are excluded. |
| Industry balance rule | Industry allocations are based on the proportion of qualified stocks under the Taiwan Stock Exchange and Taipei Exchange industry classifications. | 依照臺灣證券交易所及中華民國證券櫃檯買賣中心產業分類，計算通過流動性檢驗及指標篩選股票3之股票檔數占比，分配各產業成分股應選檔數4。Open p.2 ↗ |
Industry constituent quotas are allocated according to the share of qualified stocks in each exchange-defined industry. |
| Ranking and shortfall rule | Within each industry, stocks are selected by descending momentum score; if industries do not fill the quota, remaining stocks are selected by momentum score regardless of industry until 50 constituents are reached. | 按各產業成分股應選檔數，依照動能分數由大至小選取各產業成分股。若成分股未足額時，則依動能分數、不分產業別選滿成分股50 檔。Open p.2 ↗ |
Stocks are ranked by descending momentum score within industry quotas, and any shortfall is filled across all industries until there are 50 stocks. |
| Liquidity screen | Metric: Liquidity ratio; Window: latest 12 months; Threshold: rank in the top 20% by total trading value, or at least 8 months with free-float turnover of at least 3% in the latest 12 months | 流動性檢驗：滿足以下任一條件視為通過流動性檢驗。 a. 最近12 個月成交金額總額由大到小排序屬前20%。最近12 個月中，至少有8 個月自由流通週轉率達3%。 b.Open p.2 ↗ |
A security passes the liquidity test if it ranks in the top 20% by total trading value over the latest 12 months or has free-float turnover of at least 3% in at least 8 of those months. |
| Minimum size | Metric: Rank; Threshold: 200 | i. 發行市值屬前200 大。Open p.2 ↗ |
A security's issued market capitalisation must rank among the top 200. |
| Financial screens | Positive after-tax net profit in the most recent quarter. | iv. 最近一季稅後淨利為正。Open p.2 ↗ |
A security must have positive after-tax net profit in the most recent quarter. |
| M4 Selection and constituent count · 1 field | |||
| Minimum free float factor for selection | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.4 ↗ |
Securities with a free-float factor below 10% are not included in the constituent sample. |
| M5 Weighting and capping · 6 fields | |||
| Free float factor minimum threshold | 10% | 自由流通量係數若低於10%，則不納入成分股採樣。Open p.4 ↗ |
A security whose free-float factor is below 10% is excluded from the constituent sample. |
| Weighting scheme | Factor tilted | 以自由流通市值加權為基礎，依動能分數調整權重。Open p.2 ↗ |
Weights are based on free-float market capitalisation and adjusted by a momentum score. |
| Free float factor | Method: Free float | 配合成分股定期審核生效日，更新自由流通量係數。Open p.4 ↗ |
Free-float factors are updated using the latest data produced under the provider's free-float factor rules, effective at scheduled constituent reviews. |
| Weight cap | 30% | 個別成分股權重不得超過 30%，且前五大成分股權重總和不得超過60%Open p.2 ↗ |
Each constituent's weight may not exceed 30%. |
| Group cap | Top n: 5; Aggregate (%): 60 | 個別成分股權重不得超過 30%，且前五大成分股權重總和不得超過60%Open p.2 ↗ |
The aggregate weight of the five largest constituents may not exceed 60%. |
| Divisor adjustment rule | Market-capitalization reference indices adjust the divisor while leaving coefficient products unchanged; investable and Smart Beta indices may adjust coefficient products or the divisor according to indexing-investment needs. | 「市值參考型指數」係傳統的市場參考指標，主要反映指數成分股價格波動所造成的發行市值消長，為避免僅因企業活動改變指數市值而導致指數斷層的不連續現象，採調整指數除數但係數乘積不變的方式，以維持指數的連續性From TIP Corporate Actions and Events Methodology ↗ |
To maintain index continuity, market-capitalization reference indices adjust the divisor without changing coefficient products, while market-capitalization investable and Smart Beta indices assess practical indexing needs and adjust coefficient products or the divisor. |
| M6 Review and rebalance schedule · 14 fields | |||
| Target constituent count | 50 | 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. |
| Maximum constituent replacements per review | 24 | 成分股之檔數替換限制：定期審核需滿足至多替換24 檔之限制。Open p.4 ↗ |
A scheduled review may replace at most 24 constituents. |
| Divisor maintenance data rule | The divisor is maintained using closing data on the trading day immediately before the scheduled review effective date, calculating the market-capitalization 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前一交易日收盤資料，計算新成分股組合與原成分股組合之指數市値差異作為異動指數市值。Open p.4 ↗ |
The index divisor is maintained using closing data from the trading day before the scheduled review effective date to calculate the market-capitalization change between the new and old portfolios. |
| Insufficient history data rule | For holding companies or newly established companies with insufficient screening data for a scheduled review, data from a representative company or stock may be combined if the converted-share representative company qualifies for the eligible 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 ↗ |
When a holding or newly established company lacks sufficient review-period data, data from a qualifying representative company or its stock may be combined for screening. |
| Ad hoc maintenance reference | Unscheduled constituent adjustments, coefficient products, shares outstanding, and index divisor maintenance follow the TIP Index Series Corporate Actions Guidelines. | 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 ↗ |
Unscheduled constituent adjustments and maintenance of coefficient products, shares outstanding, and the index divisor follow the company's TIP Index Series Corporate Actions Guidelines. |
| Ad hoc deletion replacement rule | Constituents removed due to such maintenance are not replaced. | 成分股若因此刪除，則不予遞補。Open p.4 ↗ |
If a constituent is deleted because of corporate-action maintenance, no replacement is added. |
| Review frequency | Semi-annual | 每年2 次進行成分股定期審核，以3、9 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 ↗ |
Constituent reviews are conducted twice per year. |
| Review types | Scheduled review, Ad hoc | 每年2 次進行成分股定期審核，以3、9 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 has scheduled constituent reviews and unscheduled constituent adjustments. |
| Review months | March, September | 每年2 次進行成分股定期審核，以3、9 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 March and September as the review reference date. |
| Data cutoff rule | Review data are cut off as of the last trading day of the month preceding the review reference month. | 每年2 次進行成分股定期審核，以3、9 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 ↗ |
Review data are as of the last trading day of the month before the review reference date. |
| Announcement rule | — | — (not found verbatim in the PDF) |
|
| Effective date rule | Changes become effective 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。Open p.4 ↗ |
Scheduled review results take effect 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 · 4 fields | |||
| Scheduled review frequency | 2 reviews per year | 每年2 次進行成分股定期審核，以3、9 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 periodically reviewed twice per year. |
| Fixed constituent count | 50 constituents | 每年2 次進行成分股定期審核，以3、9 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 periodic review selects a fixed count of 50 constituent stocks. |
| Ad hoc deletion no replacement | Yes | 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 ↗ |
If a constituent is removed under the TIP index series corporate-action rules, it is not replaced. |
| Maximum turnover per review | 24 constituents | 成分股之檔數替換限制：定期審核需滿足至多替換24 檔之限制。Open p.4 ↗ |
Each periodic review may replace at most 24 constituent stocks. |
| M8 Corporate actions, IPOs, ad-hoc changes · 6 fields | |||
| Unscheduled adjustment governance | 不定期成分股調整、係數乘積、發行股數及指數除數維護，依「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。 | 台灣旗艦動能50 指數為SmartBeta 投資型指數，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 ↗ |
Unscheduled constituent adjustments, coefficient products, shares outstanding, and index divisor maintenance follow the TIP Index Series Corporate Actions Guidelines; constituents removed for these reasons are not replaced. |
| Insufficient history merger or new company data rule | 控股公司或新設公司於定期審核使用的篩選資料期間不足時，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。 | 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 ↗ |
If a holding company or newly established company has insufficient screening history for a periodic review, data from the representative company or shares converted into it may be combined when that representative company qualifies for the sampling universe. |
| 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 as a result of unscheduled corporate-action maintenance are not replaced. |
| Corporate actions guide ref | TIP 指數系列企業活動處理通則 | 依本公司「TIP 指數系列企業活動處理通則」辦理Open p.4 ↗ |
The separate corporate-actions guide referenced is the TIP Index Series Corporate Actions Guidelines. |
| 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 · 14 fields | |||
| Administrator | 臺灣指數公司 | 由臺灣指數公司負責編製，委請臺灣證券交易所計算及即時資訊傳輸。Open p.1 ↗ |
Taiwan Index Company compiles the index. |
| Calculation agent | 臺灣證券交易所 | 委請臺灣證券交易所計算及即時資訊傳輸。Open p.1 ↗ |
The Taiwan Stock Exchange is entrusted with calculation and real-time information transmission. |
| Base date | 2024-08-16 | 註1：基期設定為2024 年8 月16 日，基準指數設定為5000 點。Open p.3 ↗ |
The base date is set as 16 August 2024. |
| Base value | 5,000 points | 註1：基期設定為2024 年8 月16 日，基準指數設定為5000 點。Open p.3 ↗ |
The base index level is set at 5,000 points. |
| Real time start date | 2024-10-28 | 台灣旗艦動能50 指數自2024 年10 月28 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.2 ↗ |
Real-time calculation every five seconds begins on 28 October 2024. |
| Corporate actions reference | TIP 指數系列企業活動處理通則, SmartBeta 投資型指數 | 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 ↗ |
Coefficient products and divisor adjustments follow the TIP Index Series Corporate Action Guidelines for SmartBeta investment indices. |
| Formula type | Divisor | 台灣旗艦動能50 指數為「價格指數」：Open p.3 ↗ |
The index is calculated using an index divisor applied to constituent market capitalization. |
| Price source | Latest trade | 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 ↗ |
During exchange trading hours, the real-time index is calculated using each constituent's latest transaction price. |
| Calculation frequency | Real time interval seconds: 5; Closing: Yes; Total return closing: Yes | 每隔五秒以成分股最新成交價格計算及公布即時指數一次，並於每日收盤後計算一次收盤指數。Open p.2 ↗ |
The price index is published every five seconds during market hours and once after the close; the total return index is calculated and published once after the close. |
| Return variants | PR, GTR | 台灣旗艦動能50 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. | 就台灣旗艦動能50 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 adjustments, corporate actions under the TIP index series corporate action rules for SmartBeta 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Open p.3 ↗ |
The divisor is adjusted after the close for constituent changes and corporate actions under the SmartBeta investment-index 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 | |||
| Periodic review | Taiwan Index Company conducts periodic constituent reviews according to the index compilation rules. | 臺灣指數公司依指數編製規則進行成分股定期審核。Open p.1 ↗ |
Constituents are subject to periodic review by Taiwan Index Company under the index compilation rules. |
| 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 ↗ |
Closing market capitalization records of all constituent stocks are kept by Taiwan Index Company. |
| General index 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 governance principles refer to the Taiwan Index Company General Rules for Securities Indices. |
| Oversight body | 臺灣指數公司 | 臺灣指數公司依指數編製規則進行成分股定期審核。Open p.1 ↗ |
Taiwan Index Company is responsible for compiling, maintaining, and administering the index 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 · 39Model-written, for reference
- 1Index code, ISIN, and third-party vendor tickers were not stated.
- 2Administrator and calculation agent roles were not explicitly stated beyond the index name referring to Taiwan Index Company.
- 3Launch date, base date, base value, currency, methodology version, and methodology date were not provided.
- 4Benchmark regulation status, intended use, market classification, and stated limitations were not provided.
- 5Minimum trading history was not stated.
- 6Minimum free float, foreign room, voting rights, and minimum price requirements were not stated.
- 7Business, controversy, ESG, suspension-at-review, and abnormal-price-increase screens were not stated.
- 8The liquidity-test text shows an alternative condition marker 'b.' but does not include the text of condition b.
- 9The document does not state how the momentum score is calculated or how it adjusts free-float market-cap weights.
- 10The document does not state whether weight caps are applied at reviews, daily or on another schedule.
- 11The document does not specify free-float factor bands or factors.
- 12The document does not state treatment of foreign ownership limits, domestic inclusion factors, sector or country caps, shares-outstanding source, or divisor adjustment rules.
- 13Profile_m6_m8: model reply contained no JSON object (stop reason=end turn, output tokens=2344); asked again one group at a time
- 14The document does not specify how or when scheduled review results are announced before the effective date.
- 15The document does not separately state a weight-rebalancing or weight-reset frequency distinct from the semi-annual constituent review.
- 16No rank buffer entry or exit ranks were stated.
- 17No size-segment buffer bands were stated.
- 18No relaxed liquidity threshold or buffer for existing constituents was stated.
- 19The document states a maximum replacement count of 24 stocks but does not state a percentage-of-constituents or percentage-of-weight turnover cap.
- 20No explicit fast-entry rule, including size threshold, timing, or excluded boards, is stated.
- 21No enumerated ad-hoc deletion triggers are stated, although unscheduled adjustments are delegated to the TIP corporate-actions guide.
- 22No specific merger, acquisition, or spin-off treatment is stated beyond insufficient-history data handling for holding or newly established companies.
- 23No deletion price is specified.
- 24No threshold for implementing share or free-float changes between reviews is specified.
- 25Calculation returns.precision: no number of decimal places for the published index level is stated.
- 26Withholding tax basis: no withholding-tax basis or tax rate for a net total return variant is stated.
- 27Market disruption rule: no rule for market closure, trading suspension, or disrupted-market calculation is stated.
- 28Recalculation policy: no policy for correcting or restating published index levels is stated.
- 29Price source: closing-auction or no-trade reference price treatment is not stated; only latest transaction prices for real-time calculation are specified.
- 30Discretion points: no specific discretionary circumstances are stated.
- 31Methodology review frequency: no frequency for reviewing the methodology document is stated.
- 32External review: no external review process is stated.
- 33Material change definition: no definition of material methodology change is stated.
- 34Consultation procedure: no consultation procedure is stated.
- 35Notice period: no advance notice period for methodology or constituent changes is stated.
- 36Error correction policy: no error correction or restatement policy is stated.
- 37Change announcement: no disclosure channels beyond TWSE real-time information transmission and daily publication are explicitly stated.
- 38Constituents published: whether and how often a constituent list is published is not stated.
- 39Cessation policy: no index discontinuation policy is stated.
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 76 of 76 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
This profile was written by a language model from the provider's text and may be wrong; the provider's document prevails.
Pick a file to view it here.
Sentence (Traditional Chinese)
Our reading (model-written)
Sentence (English) Show in the English PDF
First edition on record; nothing to compare yet.
No change records for this index yet.