indices takes which enables Code, into different stocks, alll the Third, for each industry capitalization 10% and

Similar documents
GICS system sectors and industries

Pre-poll Methodology for Asiamoney Brokers Poll 2016

# of Equities in Industry

JUST US Large Cap Diversified Index (JULCD) Calculation Methodology

U.S. Balancing Act July 2018

Stock Market Briefing: S&P 500 Sectors & Industries Forward Earnings (Indexed)

PERFORMANCE UDPATE. Fig.1.1. Equity Sector Index Families. US Sector S&P 500 [Select Sector SPDR S&P [Sector Indices] Europe Sector

Stock Market Briefing: S&P 500 Sectors & Industries Forward Profit Margins

Performance Derby: S&P 500 Sectors & Industries Change in P/E

MSCI US REIT INDEX METHODOLOGY

Performance Derby: S&P 500 Sectors & Industries Current P/E and Year-Ago P/E

Month-End Asset Return Analysis January 2018

Month-End Asset Return Analysis February 2018

Month-End Asset Return Analysis March 2018

Franklin ETF. Semi-Annual Management Report of Fund Performance. March 31, 2018

Stock Market Briefing: S&P 500 Sectors & Industries Forward P/Es 2009-now

Lori Calvasina Chief US Equity Strategist / Managing Director

Valuation: S&P 500 Sectors & Industries Forward P/Es

Stock Market Briefing: S&P 500 Sectors & Industries Forward P/Es

Georgia Tech Financial Analysis Lab 800 West Peachtree Street NW Atlanta, GA

SELECT YOUR SECTORS. Respond to Market Cycles with Agility and Precision

Sustainability Accounting Standards Board

4Q 2015 REPORT. Exhibit Investing in America s Growth SHAREHOLDER COMMUNICATION ONLY - NOT FOR USE AS SALES MATERIAL

1Q 2016 REPORT Investing in America s Growth

Stock Price Indexes: MSCI Europe Sectors & Industries

Fed Funds Rate & S&P 500

IFRS adoption in Kingdom of Saudi Arabia. December 2017

The Case for the Emerging Markets Consumer and Their Impact on Pension Investments. October 2013

Stock Market Briefing: S&P 500 Sectors & Industries Profit Margins

GUIDELINE Solactive European Inflation-Linked Companies Index. Version 1.0 dated December 8 th, 2017

Stock Market Briefing: S&P 500 Sectors & Industries Profit Margins

Franklin ETF. Semi-Annual Management Report of Fund Performance. March 31, 2018

Fourth Quarter Investor Presentation

Axioma Risk Monitor US4 Edition 26 April 2018

Axioma Risk Monitor US4 Edition 3 July 2018

Statement of Investments September 30, 2017 (Unaudited)

ICON CONSUMER DISCRETIONARY FUND ICCAX N/A ICCCX ICON CONSUMER STAPLES FUND ICRAX N/A ICLEX ICON ENERGY FUND ICEAX ICEEX ICENX

SPDR Series Trust Equity Funds Annual Report June 30, 2014

Performance 2018 S&P 500 Sectors & Industries

Guggenheim Variable Insurance Funds Summary Prospectus

Reality Shares DIVCON Leaders Dividend ETF LEAD (Cboe BZX Exchange)

Japan Leasing Association s View onn Re-deliberation on 181 and 19 March 2014 From the standpoint of clarifying where defects exist under the current

Earnings Call Transcripts Analysis, Q1 '18. June 2018

Performance 2017 S&P 500 Sectors & Industries

Performance 2018 S&P 500 Sectors & Industries

JPMorgan Intrepid Growth Fund Schedule of Portfolio Investments as of March 31, 2018 (Unaudited)

S&P 500 GICS Sector Scorecard (1/26/18) 12-Mo. See the last page for Index % of 500 Price Changes (%)

Performance 2012 S&P 500 Sectors & Industries

September 2018 INDXX USD DISRUPTIVE TECHNOLOGIES INDEX METHODOLOGY

Deutsche Börse Indices Market Consultation Considered Methodology Change for MDAX, SDAX and TecDAX. 26 th January, 2018

Category Definitions

Performance 2013 S&P 500 Sectors & Industries

Relationship between stock returns of different sectors within the U.S. stock market and inflation rates

Prospectus. January 31, 2012

Duke CE 2017 Global Productivity Awards. Financial Cycle Time: A Metric to Measure Productivity. April 20, 2017

Semi-Annual Management Report of Fund Performance

Industry Classification Benchmark (ICB)

TSE Index Guidebook (TOPIX Sector Indices TOPIX-17 series)

Guggenheim Variable Insurance Funds Summary Prospectus

May Appendices A 1

Valuation Insights. Third Quarter Inside. 02 Feature SEC Issues Staff Paper on Incorporating IFRS into the U.S.

Credit Suisse Volaris US Strategies Fund Schedule of Investments April 30, 2016 (unaudited)

Challenging Markets How to prepare your portfolio?

Credit Suisse Volaris US Strategies Fund Schedule of Investments May 31, 2016 (unaudited)

Shares Description Value

John Hancock ESG Large Cap Core Fund

University of Florida Professional Speaker Series September 7, 2007

Reality Shares DIVCON Dividend Defender ETF DFND (Cboe BZX Exchange)

ARK Industrial Innovation ETF

2018 Interim Management Report of Fund Performance

Articles of Incorporation

PREVIEW. Table of contents I METHODOLOGY...7

Axioma Risk Monitor UK Edition 30 January 2019

Category Definitions India

EXEQUITY Independent Board and Management Advisors

Hang Seng Consumer Goods & Services Index

Hang Seng Indexes Launches Hang Seng China New Economy Index and Hang Seng Stock Connect Sector Top Index

Keller Graduate School of Management Tysons Corner Center. Applied Managerial Statistics and Quality (GM533)

WisdomTree Japan SmallCap Dividend Fund (DFJ) Summary. Description. Historical prices (1 year) DIAMONDS* RATINGS* ETFG RISK RATING 3.

JPMorgan Equity Income Fund Schedule of Portfolio Investments as of September 30, 2016 (Unaudited)

US Equity Strategy Equity Research Americas/United States 2017 Russell Reconstitution Changes of Note For Active Managers

Kentucky Cabinet for Economic Development Office of Workforce, Community Development, and Research

Animal Production, Dairy, Beef, Sheep, Chickens, Etc $ Forestry Management and Sales Standing Timber Only $350.

US Market Sector Outlook

Solactive Tradable European Factor Indices - Value - Quality - Low Beta - Price Momentum - Earnings Momentum

Valuation Insights. First Quarter Inside

Securities (the Fund )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM N-Q

Asset Allocation Guide Combination Portfolios

Income Opportunities Fund January 31, 2015

Shares Description Value

MainStay VP Eagle Small Cap Growth Portfolio Portfolio of Investments April 30, 2018 (Unaudited) % Net Assets Common Stocks 99.9%

First Trust Enhanced Equity Income Fund (FFA) Portfolio of Investments September 30, 2018 (Unaudited)

Rajeev A. Vaidya. IFSR 5 parts of disciplined buying. Disclaimer in plain language: 4/11/2019. Opinions are like noses, everyone has one!

September 2018 INDXX MILLENNIALS THEMATIC INDEX METHODOLOGY

Indxx Global Robotics & Artificial Intelligence Thematic Index

Category Definitions India

John Hancock Retirement Income 2040 Fund

Capital Expenditure Trends: When and Where Will Firms Start Investing Again? Peter Loveridge European Manager, World Industry Service 24 th June 2009

JUNE 2016 STOXX ESG INDEX METHODOLOGY GUIDE

Transcription:

Methodology of Industry Group Indices and e Industry Indicess To measure the performancee of sectors of e index and to provide analysis tools for investors, developed the industry group indices and industry indicess by allocating all stocks of the same industry group or industry into different industry and industry group. industry total return indices are derivative indices of the industry indices. The calculation of industry total return indices takes the reinvestment of constituent dividends into consideration, which enables investorss to measure index performance from a different angle. 1. Name, Code, See the attached table. 2. Base Date and Base See the attached table. 3. Eligibility 3.1 Universe Constituents of the. 3.2 Constituents Selection First, Classify constituents of the industry groups, industries and sub-industries. Second, For that industries consist lesss than or equal to 50 stocks enter into the industry index. into different stocks, alll the Third, for industriess that consist more than 50 stocks: Rankk the stocks in each industry by daily average trading value and daily averagee total market capitalization respectively in descending order; Delete the stockss at the bottom 10% by trading value and stocks at the bottom 2% byy cumulative market cap, and if the number of stocks decreases to 50, the deletion d process will be

terminated; The remaining stocks enter into the industry index. 4. Calculations The index is weighted as the following calculation formula: f Current = Current Total Adjusted Market-Cap p / Divisor Base Level L Where Current Total Adjusted Market-Cap = (Stock Price Free Float Adjusted Shares Weight Factor) Number of For the calculation of number of free float adjustedd shares, please refer to Calculation and Maintenanc ce Methodology for further details. If the constituent number of the industry index is between 10 and 49, the weight of individual constituent is capped at 15%. If the constituent number of the industry index is more than 49, the weight of individual constituent is capped at 10% %. If the constituent number of the industry index iss less than 10, no weight capping is adopted. 5. Constituents and Weights 5.1 Constituent s Periodical Review The index is adjusted and rebalanced twice a year and the adjustmentt will be effective as of the next trading day after the 2 nd Friday in June and December. Weight Factor is assigned too each constituent att each rebalancing. The effective date is the same as that of the constituent adjustment. The Weight Factor stays the same until next rebalancing day. 5.2 Ongoing Review In case that the epresentativeness and investability is affected due to significant changes beyond periodical reviews, may review the constituent stocks immediately. Delisted stocks will be deleted from thee constituents. Please refer to Calculation n and Maintenance Methodology for further details.the constituentss of Industry Group Indices and All Share Industry Indices are adjusted in accordance e with thee constituents adjustments of the. Attachment: name, code, base date and base value:

Industry Group Name Semiconductorss & Semiconductor Equipment Real Estate Retailing Media Consumer Durables & Apparel Automobiles & Components Software & Commercial & Supplies Food & Stapless Retailing Communications Equipment Consumer Health Care Equipment & Pharmaceuticals, Biotechnology & Life Sciences Banks Food, Beveragee & Tobacco Technology Hardware & Equipment Transportation Capital Goods Capital Marketss Short Name Semiconductors Real Estate Retailing Media Cons Durables Auto& Components Software & Commercial Food Retailing Communication s Consumer Health Care Pharmaceuticals I Banks Food & Beverage Hardware Transportation Capital Goods Code Base H301844 2004-12-31 H30165 2004-12-31 H30175 2004-12-31 H301744 2004-12-31 H301722 2004-12-31 H301644 2004-12-31 H301822 2004-12-31 H301700 2004-12-31 H30176 2004-12-31 H30185 2004-12-31 H30173 2004-12-31 H30178 2004-12-31 H301799 2004-12-31 3999866 2004-12-31 H301777 2004-12-31 H30183 2004-12-31 H30171 2004-12-31 H301699 2004-12-31 H30211 2007-06-30 Date

Insurance Capital Markets Insurance H30186 2007-06-30 Industry Name Electric Utilities Computers & Peripherals Electrical Equipment Electronic Equipment & Instruments Multiline Retail Textiles & Apparel Multi-Utilities Road & Rail Marine Airlines Aerospace & Defensee Chemicals Chemical Materials Machinery Construction Materials Building Constructionn & Engineering Transportation Infrastructure Non-ferrous Metal Hotels, Short Name Electric Utilities Computers Electrical Device Electronic Device Multiline Retail Textiles & Apparel Multi-Utilities Road & Raill Marine Airlines Aerospace & Defense Chemicals Chemical Materials Machinery Building Materials Building Construction Transportation Non-ferrous Metal Hotels & Code Base H30199 2004-12-31 H30207 2004-12-31 H30189 2004-12-31 H30190 2004-12-31 H30197 2004-12-31 H30193 2004-12-31 H30221 2004-12-31 H30222 2004-12-31 H30216 2004-12-31 H30223 2004-12-31 H30213 2004-12-31 H30187 2004-12-31 930911 2004-12-31 H30166 2004-12-31 H30167 2004-12-31 H30209 2004-12-31 H30195 2004-12-31 H30200 2004-12-31 H30191 2004-12-31 H30204 2004-12-31 Date

Restaurants & Leisure Durables Energy Equipment & Auto Components Automobiles Containers & Packaging Software Biotechnology Packaged Foods & Meats Agriculture, Animal Husbandry and Fishery Water Utilities Internet Software & IT Leisure Equipment & Health Care Equipment & Supplies Beverages Oil & Gas Coal Paper & Forest Pharmaceuticals Specialty Retail Leisure Durables Energy Equipment Auto Components Automobiles Packaging Software Biotechnology Packaged Foods & Meats Agriculture, Animal Husbandry and Fishery Water Utilities Internet Software IT Leisure Health Caree Beverages Oil & Gass I Coal Forest Pharmaceuticals Specialty Retail H30196 2004-12-31 H30214 2004-12-31 H30194 2004-12-31 H30210 2004-12-31 H30219 2004-12-31 H30202 2004-12-31 H30212 2004-12-31 H30192 2004-12-31 2004-12-31 930910 H30218 2004-12-31 H30220 2004-12-31 H30203 2004-12-31 H30215 2004-12-31 H30217 2004-12-31 H30205 2004-12-31 H30198 2004-12-31 399998 2008-12-31 H30206 2004-12-31 H30188 2004-12-31 H30208 2004-12-31

Industry Name Investment Banking & Brokerage Appliances Trading Companies & Distributors Short Name Code Base All Share 399975 2007-06-30 Brokerage All Share 930697 2004-12-31 Appliances All Share H30201 2004-12-31 Trading Companies Date