Index Methodology Hub
TIP IX0220

TIP FactSet Taiwan Market Capitalization Momentum 50 Index 臺灣市值動能50指數

General rules (3) ↗

Latest v1.1.0 ↗ No changes yet

Also known as: 臺灣市值動能50指數 · IX0220 (TIP code)

Tracked by: 009803 (ETF)

  • Weighting schemeFactor tilted
  • Review frequencySemi-annual
  • Single cap30
  • Buffer70 / 130
  • Next dates
    • 2026-12 (month) data cutoff
    • 2027-06 (month) data cutoff
FieldValueSource textReading (model)
M1 Identity, objective, classification · 13 fields
Constituent count 50 securities
透過結合市值、成長、價值、品質及動能因子表現之綜合分數，擇優選取50 檔成分股。Open p.1 ↗
 The index selects 50 constituent stocks.
Weighting basis Free float market capitalization adjusted by value or momentum factor
成分股以自由流通市值為基準，依不同定期審核月份分別使用價值與動能因子調整權重Open p.1 ↗
 Constituents are weighted by free-float market capitalization, adjusted using the value or momentum factor depending on the scheduled review month.
Profitability screen Yes
財務指標：納入最近2 年稅後純益總和皆為正數者。Open p.2 ↗
 Eligible companies must have positive total after-tax profit over the most recent two years.
Index name Taiwan Index Company Select FactSet Taiwan Market Cap Momentum 50 Index
臺灣指數公司特選FactSet 臺灣市值動能50 指數(簡稱「臺灣市值動能50 指數」)係依據產業分類自具市值代表性或增長動能、且兼顧獲利能力之上市公司中Open p.1 ↗
 The official English-style index name identifies the Taiwan Index Company Select FactSet Taiwan Market Cap Momentum 50 Index.
Index short name 臺灣市值動能50 指數
臺灣指數公司特選FactSet 臺灣市值動能50 指數(簡稱「臺灣市值動能50 指數」)Open p.1 ↗
 The vendor's short name for the index is Taiwan Market Cap Momentum 50 Index.
Local index name 臺灣指數公司特選FactSet 臺灣市值動能50 指數
臺灣指數公司特選FactSet 臺灣市值動能50 指數(簡稱「臺灣市值動能50 指數」)係依據產業分類自具市值代表性或增長動能Open p.1 ↗
 The local-language index name is Taiwan Index Company Select FactSet Taiwan Market Cap Momentum 50 Index.
Administrator 臺灣指數公司
臺灣指數公司特選FactSet 臺灣市值動能50 指數(簡稱「臺灣市值動能50 指數」)Open p.1 ↗
 The index provider is Taiwan Index Company.
Index family 臺灣指數公司特選FactSet 指數
臺灣指數公司特選FactSet 臺灣市值動能50 指數Open p.1 ↗
 The index belongs to Taiwan Index Company's Select FactSet index series.
Objective 表彰臺灣上市具市值動能及綜合因子特色者之投資組合績效表現。
以表彰臺灣上市具市值動能及綜合因子特色者之投資組合績效表現。Open p.1 ↗
 The index aims to represent the portfolio performance of Taiwan-listed companies characterized by market-cap momentum and composite factors.
Market classification Domestic
指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗
 The index covers domestic Taiwan-listed common stocks.
Size segment Custom
係依據產業分類自具市值代表性或增長動能、且兼顧獲利能力之上市公司中，透過結合市值、成長、價值、品質及動能因子表現之綜合分數，擇優選取50 檔成分股。Open p.1 ↗
 The index targets 50 stocks selected for market-cap representativeness or growth momentum rather than a standard market-cap tier.
Index family type Factor
透過結合市值、成長、價值、品質及動能因子表現之綜合分數，擇優選取50 檔成分股。Open p.1 ↗
 The index is a multi-factor index combining market-cap, growth, value, quality, and momentum factors.
Factor exposures Size, Growth, Value, Quality, Momentum, Multi factor
結合下列因子之排序分數，計算多因子分數。 i. 市值因子：審核資料截止日發行市值。 ii. 成長因子：FactSet 預估未來12 個月之EPS 成長率。 iii. 價值因子：最近3 年本益比。 iv. 品質因子：最近4 季每股營業活動現金流量、最近4 季股東權益報酬率。 v. 動能因子：最近6 個月夏普比率。Open p.2 ↗
 The index exposures include size, growth, value, quality, momentum, and a multi-factor composite.
M2 Universe · 6 fields
Suspended share replacement exception Stocks suspended because replacement shares are issued due to capital reduction, conversion to 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 ↗
 Stocks suspended for replacement-share issuance caused by capital reduction, holding-company conversion, new-company formation, or par-value change may remain in the universe.
Markets Taiwan
指數母體：臺灣證券交易所上市普通股股票；非屬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 index universe covers stocks listed on the Taiwan Stock Exchange.
Exchanges 臺灣證券交易所
指數母體：臺灣證券交易所上市普通股股票；非屬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 must be listed on the Taiwan Stock Exchange.
Boards Exclude innovative board
採樣範圍：指數母體中非屬創新板之股票。Open p.1 ↗
 The sampling range excludes stocks listed on the innovative board.
Security types Common
指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗
 The index universe consists of common stocks listed on the Taiwan Stock Exchange.
Exclusions stocks publicly designated as having altered trading methods, suspended stocks, innovative board stocks
非屬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 altered-trading-method stocks, suspended stocks, and innovative board stocks, subject to an exception for stocks suspended while replacement shares are issued for capital reduction or reorganization.
M3 Eligibility screens · 7 fields
Eligible universe 臺灣證券交易所上市普通股股票
1. 指數母體：臺灣證券交易所上市普通股股票；非屬經公告為變更交易方法或停止買賣股票者Open p.1 ↗
 The eligible universe consists of common stocks listed on the Taiwan Stock Exchange.
Board exclusion 創新板
2. 採樣範圍：指數母體中非屬創新板之股票。Open p.1 ↗
 Stocks listed on the Innovation Board are excluded from the sampling scope.
Market cap growth momentum alternative 市值增長動能1屬產業內前15%高者；既有成分股門檻放寬至前25%
滿足以下任一條件視為通過；若為既有成分股，則將下列門檻放寬至25%。 i. 發行市值屬產業內前15%高者。市值增長動能1屬產業內前15%高者。Open p.1 ↗
 A candidate may alternatively pass if its market-capitalization growth momentum ranks in the top 15% of its industry, relaxed to the top 25% for existing constituents.
Liquidity screen Metric: Liquidity ratio; Window: 最近12個月; Threshold: 滿足任一條件：成交金額總額排名前20%，或至少8個月自由流通週轉率達3%
1. 流動性檢驗：滿足以下任一條件視為通過。 a. 最近12 個月成交金額總額由大到小排序屬前20%。 b. 最近12 個月中，至少有8 個月自由流通週轉率達3%。Open p.1 ↗
 A security passes the liquidity test if either its total trading value over the most recent 12 months ranks in the top 20%, or its free-float turnover reaches 3% in at least 8 of those months.
Minimum size Metric: Full market cap; Threshold: 按臺灣證券交易所產業分類，發行市值屬產業內前15%；既有成分股門檻放寬至前25%
市值指標：依臺灣證券交易所產業分類於採樣母體內進行篩選，滿足以下任一條件視為通過；若為既有成分股，則將下列門檻放寬至25%。 i. 發行市值屬產業內前15%高者。Open p.1 ↗
 Candidates must have issued market capitalization in the top 15% of their TWSE industry, while existing constituents are eligible up to the top 25%.
Financial screens 最近2年稅後純益總和為正數
b. 財務指標：納入最近2 年稅後純益總和皆為正數者。Open p.1 ↗
 The aggregate net income after tax over the most recent two years must be positive.
Suspension rule 變更交易方法或停止買賣股票排除在指數母體之外；因減資、轉換為控股公司、新設公司或變更面額等換發新股而停止買賣者仍可列入母體。
非屬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 placed under altered trading methods or suspended are excluded, except suspensions due to share-capital changes, conversion into a holding or newly formed company, or par-value changes involving share exchange.
M4 Selection and constituent count · 1 field
Screened candidate count floor 50 securities
若通過流動性檢驗及指標篩選股票檔數未達50 檔，則以5%為單位逐步放寬市值指標門檻值，直至股票達50 檔，始得進入排序步驟。Open p.2 ↗
 If fewer than 50 stocks pass the liquidity test and indicator screens, the market-value indicator threshold is relaxed in 5% increments until at least 50 stocks are available for ranking.
M5 Weighting and capping · 16 fields
Factor adjusted base weight Free float market cap weight plus investment factor adjustment
自由流通市值加權，再依下列投資因子指標調整後之權重，為基準權重。Open p.2 ↗
 The base weight is the free-float market-capitalisation weight adjusted by investment-factor indicators.
Factor adjustment formula free_float_weight + factor_strength * factor_weight * adjustment_ratio
= 自由流通市值權重i + 因子強度× 因子權重× 調整比例i不同定期審核月份所使用之投資因子如下，相關計算方式請見參、Open p.3 ↗
 The factor adjustment is calculated as factor strength multiplied by factor weight and the constituent's adjustment ratio.
Review factor schedule Review month: June; Factor: Value, Review month: December; Factor: Momentum
6 月定期審核：價值因子； 12 月定期審核：動能因子。Open p.3 ↗
 The June periodic review uses the value factor, and the December periodic review uses the momentum factor.
Factor strength 100%
其中，因子強度：100%；因子權重：15%；調整比例𝑖：依成分股i 之投資因子指標之相對強弱設算。Open p.3 ↗
 Factor strength is set at 100%.
Factor weight 15%
其中，因子強度：100%；因子權重：15%；調整比例𝑖：依成分股i 之投資因子指標之相對強弱設算。Open p.3 ↗
 The factor weight is 15%.
Factor adjustment ratio Set according to the relative strength of each constituent's investment-factor indicator.
調整比例𝑖：依成分股i 之投資因子指標之相對強弱設算。Open p.3 ↗
 Each constituent's adjustment ratio is based on the relative strength of its investment-factor indicator.
Top five aggregate cap Top n: 5; Aggregate (%): 60
依基準權重為計算標準，前五大成分股權重總和不得超過60%Open p.3 ↗
 The aggregate weight of the five largest constituents must not exceed 60%.
Free float coefficient minimum 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 whose free-float coefficient is below 10% are not included as constituents.
Free float coefficient 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 coefficient is updated on the effective date of periodic constituent reviews.
Free float coefficient data source Most recent data produced under Taiwan Index Corporation's Free-Float Coefficient 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 coefficient is updated using the latest data produced under Taiwan Index Corporation's Free-Float Coefficient Compilation Rules.
Weighting scheme Factor tilted
自由流通市值加權，再依下列投資因子指標調整後之權重，為基準權重。Open p.2 ↗
 Weights start from free-float market-capitalisation weights and are adjusted by investment-factor indicators.
Free float factor Method: Free float
自由流通市值加權，再依下列投資因子指標調整後之權重，為基準權重。Open p.2 ↗
 The index uses free-float market-cap weighting and free-float coefficients, with coefficients below 10% excluded.
Weight cap 30%
且單一成分股權重不得超過： min (max(30%, 占發行量加權股價指數之權重), ) 5 × 近3 個月平均成交金額占比Open p.3 ↗
 A single constituent's weight may not exceed 30%, subject to the stated formula based on its parent-index weight and recent average trading-value share.
Group cap Top n: 5; Aggregate (%): 60
前五大成分股權重總和不得超過60%Open p.3 ↗
 The combined weight of the top five constituents must not exceed 60%.
Shares outstanding Issued market value at the review-data cutoff is used in the methodology; the supplied sections do not state a separate share-count update source.
市值增長動能為單一公司之審核資料截止日發行市值與三年前發行市值之差異。Open p.2 ↗
 Market-cap growth momentum compares issued market value at the review cutoff with issued market value three years earlier, but no separate shares-outstanding source is stated.
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 · 6 fields
Target constituent count after review 50 constituents
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.
Review frequency Semi-annual
每年2 次進行成分股定期審核，以6、12 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 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6、12 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 semi-annual scheduled reviews and may make ad hoc constituent adjustments.
Review months June, December
每年2 次進行成分股定期審核，以6、12 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 June and December.
Data cutoff rule The review reference date is the seventh trading day of June or December, and review data are as of the last trading day of the preceding month.
每年2 次進行成分股定期審核，以6、12 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 ↗
 Reviews use the seventh trading day in June and December, with data cut off at the last trading day of the previous month.
Effective date rule 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。Open p.5 ↗
 Scheduled review changes become effective five trading days after the review reference date.
M7 Buffers and turnover control · 3 fields
Industry rank selection Electronics, financial, and traditional industry rankings are used, with existing constituents prioritized and selections made by rank.
依照電子、金融及傳統產業，排名在各產業應選檔數之70%以內之股票即納入成為指數成分股Open p.4 ↗
 After applying the buffers, existing constituents are prioritized and constituents are selected by ranking within the electronics, financial, and traditional industries.
Buffer zone Entry rank: 70%; Exit rank: 130%
成分股調整之緩衝區：依照電子、金融及傳統產業，排名在各產業應選檔數之70%以內之股票即納入成為指數成分股，既有成分股若排名在各產業應選檔數之130%之後則從指數成分股中刪除Open p.4 ↗
 Within each industry, stocks ranked within 70% of the industry's selected count may enter, while existing constituents ranked beyond 130% are deleted.
Maximum turnover per review 50% of constituents
處理後，以既有成分股優先，按排名挑選成分股。惟定期審核時替換檔數需低於50%。Open p.5 ↗
 The number of replacements at a scheduled review must be less than 50%.
M8 Corporate actions, IPOs, ad-hoc changes · 5 fields
Insufficient history data substitution For a holding company or newly established company with insufficient screening-data history, data from a conversion-share representative company or stock may be combined if that representative 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 lacking sufficient review data may combine data from a qualifying representative company or stock used for converted shares.
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 a corporate-action or other non-scheduled adjustment, it is not replaced.
Merger spinoff rules Non-scheduled constituent adjustments, coefficient products, outstanding shares, and index divisor maintenance follow the TIP Index Series Corporate Actions General Rules.
成分股不定期調整、係數乘積、發行股數、指數除數等維護，依本公司「TIP 指數系列企業活動處理通則」辦理；成分股若因此刪除，則不予遞補。Open p.5 ↗
 Mergers, spin-offs, and other corporate-action maintenance are handled under the TIP Index Series Corporate Actions General Rules.
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.5 ↗
 The referenced corporate-action guide is the TIP Index Series Corporate Actions General Rules.
Ad-hoc deletion Delisting, Risk warning, Acquisition, Other
被合併公司終止上市上櫃日From TIP Corporate Actions and Events Methodology ↗
 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.
M9 Calculation and return variants · 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 ↗
 Taiwan Index Commission compiles the index and entrusts the Taiwan Stock Exchange with calculation and real-time information transmission.
Base date 2024-09-27
註1：基期設定為2024 年9 月27 日，基準指數設定為5000 點。Open p.4 ↗
 The base date is set as September 27, 2024.
Base value 5,000 points
註1：基期設定為2024 年9 月27 日，基準指數設定為5000 點。Open p.4 ↗
 The benchmark index level at the base date is 5,000 points.
Formula type Divisor
指數市值× 基準指數指數=指數除數Open p.4 ↗
 The index is calculated using an index divisor applied to index market capitalization and a benchmark value.
Price source Latest traded price
於臺灣證券交易所交易時間內，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.3 ↗
 The intraday index uses each constituent's latest traded price during TWSE trading hours.
Calculation frequency Real time interval seconds: 5; 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 trading hours and once after the close; the total return index is calculated once after the close.
Return variants PR, GTR
臺灣市值動能50 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 Cash dividends reflected in total return index
臺灣市值動能50 報酬指數，就臺灣市值動能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 is adjusted for cash dividends to reflect returns including cash dividends.
Divisor adjustment Post close constituent changes, Corporate actions under smartbeta rules
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 or corporate-action changes under the TIP 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 · 8 fields
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 ↗
 Principles for index compilation, maintenance, and management refer to the Taiwan Index Commission general rules for securities indices.
Market capitalization records Taiwan Index Commission retains closing market capitalization records for all constituents.
臺灣指數公司將保存所有成分股的收盤市值紀錄。Open p.1 ↗
 Taiwan Index Commission will preserve closing market capitalization records for all constituent stocks.
Oversight body Taiwan Index Commission
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 is responsible for compiling the index and conducting periodic constituent reviews under the index compilation rules.
Discretion points handling urgent situations not covered or not clearly governed by the rules, deciding whether to terminate an index, final decision on changes to individual index compilation rules, adjusting weight-cap parameters when weights total less than 100%, shortening the announcement period for methodology changes in specified circumstances
又必須及時處理時，其處理方式的任何決定，本公司將基於指數能符合公正、公平、公開的原則下進行決策。From TIP General Principles for TIP Securities Indices ↗
 The company may decide treatment of unforeseen urgent matters, determine whether to terminate indices, make final decisions on methodology changes, and adjust weight-cap parameters or notice periods in specified situations.
Methodology review frequency The general rules are reviewed from time to time; the committee normally meets twice per year.
本指數通則由本公司不定期審視，以期能持續實現指數之編製目標From TIP General Principles for TIP Securities Indices ↗
 The general rules are reviewed irregularly, while the Index Compilation Committee is normally convened twice per year.
External review The Index Compilation Committee is consulted on content formulation and major changes to the general rules.
內容制定或任何重大變更將向指數編製委員會徵詢意見，作為擬訂或增修之參考。From TIP General Principles for TIP Securities Indices ↗
 Opinions are sought from the Index Compilation Committee when formulating the rules or making any material changes.
Change announcement Taiwan Index Company website, technical notices, press releases, notifications to authorised clients
授權發行金融商品之指數，編製規則修改將於新編製規則生效前於本公司網站公告技術通知。From TIP General Principles for TIP Securities Indices ↗
 Results, rules, changes and emergency responses are disclosed on the company website, through technical notices or press releases, and by notifications to authorised clients.
Cessation policy insufficient number of constituents, incomplete or unreliable data required for periodic review, changes in market environment, regulations or potential constituents making the objective difficult to achieve, a customised index's original purpose no longer exists or there is no practical application demand
指數終止編製發布之啟動事由，包含但不限於下列情事；本公司經審慎評估後，決定指數是否終止編製發布。指數成分數量不足From TIP General Principles for TIP Securities Indices ↗
 An index may be terminated after careful assessment when constituents are insufficient, review data are incomplete or unreliable, market or regulatory changes prevent achievement of its objective, or a customised index has no purpose or demand.

Open points · 44Model-written, for reference

  1. 1Profile_m1_m3: model reply contained no JSON object (stop reason=end turn, output tokens=4641); asked again one group at a time
  2. 2Index vendor code, ISIN, and third-party tickers such as Bloomberg, Refinitiv, or Wind are not stated.
  3. 3Calculation agent, launch date, base date, base value, calculation currency, methodology version, and methodology date are not stated.
  4. 4Regulatory benchmark status is not stated.
  5. 5Specific intended uses such as ETF or derivatives underlier are not stated.
  6. 6Stated limitations of the index are not provided.
  7. 7No explicit company nationality assignment rule was found; coverage is inferred from Taiwan Stock Exchange listing.
  8. 8No parent index whose constituents form the universe was stated.
  9. 9No minimum trading-history or listing-age requirement is stated.
  10. 10No minimum free-float percentage is stated, although free-float market capitalization and free-float turnover are used elsewhere.
  11. 11No minimum foreign-room requirement or foreign ownership limit is stated.
  12. 12No minimum voting-rights requirement is stated.
  13. 13No minimum share price screen is stated.
  14. 14No business, controversy, or ESG exclusion list is stated.
  15. 15No abnormal or extreme price increase screen is stated.
  16. 16The single-stock weighting-cap formula appears incomplete: the denominator or second term after 'min(max(...), )' is not clearly shown.
  17. 17Cap application timing is not explicitly stated.
  18. 18Foreign ownership limits or foreign-room treatment are not stated.
  19. 19Domestic inclusion factor is not stated.
  20. 20Sector and country caps are not stated.
  21. 21Divisor adjustment or base-value continuity mechanics are not stated.
  22. 22The exact source and update schedule for shares outstanding are not separately stated; the text only references issued market value.
  23. 23No announcement publication timing or channel for scheduled review results was stated.
  24. 24No separate weight-rebalancing or capped-weight reset frequency was stated.
  25. 25No fast-entry rule for large new listings was stated.
  26. 26No explicit ad-hoc deletion triggers such as delisting, suspension, acquisition, bankruptcy, free-float drop, or extreme price were stated.
  27. 27No deletion price rule was stated.
  28. 28No threshold for implementing share-count or free-float changes between reviews was stated.
  29. 29No relaxed liquidity threshold for existing constituents or size-segment buffer was stated.
  30. 30Calculation returns.precision: number of decimal places in the published index level is not stated.
  31. 31Withholding tax basis: no withholding-tax basis for a net return variant is stated.
  32. 32Market disruption rule: treatment of market closure, trading suspension, or disrupted prices is not stated.
  33. 33Recalculation policy: correction or restatement policy for published levels is not stated.
  34. 34Divisor adjustment: only a general reference to post-close constituent/corporate-action adjustments is provided; a detailed event list is not stated.
  35. 35Discretion points: specific situations permitting administrator discretion are not stated.
  36. 36Methodology review frequency: frequency of reviewing the methodology itself is not stated.
  37. 37External review: external review arrangements are not stated.
  38. 38Material change definition: definition of a material methodology change is not stated.
  39. 39Consultation procedure: consultation process is not stated.
  40. 40Notice period: advance notice period for changes is not stated.
  41. 41Error correction policy: policy for methodology or data errors and restatements is not stated.
  42. 42Change announcement: specific publication channels for methodology or constituent changes are not stated, except TWSE real-time information transmission.
  43. 43Constituents published: whether and how often a constituent list is publicly published are not stated.
  44. 44Cessation policy: index discontinuation policy is not 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.

  • v1.1.05 pp

Pick a file to view it here.

First edition on record; nothing to compare yet.

No change records for this index yet.