Dow Jones Titans Indices - S&P Global

Dow Jones Titans Indices

Methodology

May 2024

S&P Dow Jones Indices: Index Methodology

Table of Contents

Introduction

3

Index Objective, Highlights, and Family

3

Supporting Documents

4

Eligibility Criteria and Index Construction

5

Dow Jones Global Titans 50 Index

5

Dow Jones Africa Titans 50 Index

6

Dow Jones Arabia Titans 50 Index

7

Dow Jones Asian Titans 50 Index

8

Dow Jones Asian Titans 50 ex-Japan Index

9

Dow Jones Emerging ASEAN Titans 100

10

Dow Jones Country Titans 30 Indices

11

Dow Jones Brazil Titans 20 ADR Index

12

Dow Jones EGX Egypt Titans 20 Index

13

Dow Jones Turkey Titans 20 Index

14

Dow Jones U.K. Titans 50 Index

15

Dow Jones Sector Titans Indices

16

Dow Jones Emerging Markets Consumer Titans Index

20

Index Calculations

21

Index Maintenance

22

Rebalancing

22

Ongoing Maintenance

23

Additions and Deletions

24

Corporate Actions

24

Currency of Calculation and Additional Index Return Series

24

Base Dates and History Availability

24

Investable Weight Factor (IWF)

24

Other Adjustments

25

Index Data

26

Calculation Return Types

26

Index Governance

27

Index Committee

27

Index Policy

28

S&P Dow Jones Indices: Dow Jones Titans Indices Methodology

1

Announcements

28

Pro-forma Files

28

Holiday Schedule

28

Rebalancing

28

Unexpected Exchange Closures

28

Recalculation Policy

28

Real-Time Calculation

28

Contact Information

29

Index Dissemination

30

Tickers

30

Index Data

30

Web site

30

Appendix I ? Currency of Calculation

31

Index Currencies and Exchange Rates

31

Appendix II ? Base Dates and History Availability

33

Appendix III ? Tickers

35

BBG

35

RIC

36

Appendix IV ? Methodology Changes

38

Appendix V ?ESG Disclosures

44

ESG Disclosures

44

Disclaimer

45

Performance Disclosure/Back-Tested Data

45

Intellectual Property Notices/Disclaimer

46

ESG Indices Disclaimer

48

S&P Dow Jones Indices: Dow Jones Titans Indices Methodology

2

Introduction

Index Objective, Highlights, and Family

The Dow Jones Titans Indices measure the performance of large companies within countries, sectors, and regions. The f lagship index of the series--the Dow Jones Global Titans 50 Index--includes large multinational companies from around the world. Each index contains companies meeting index-specif ic criteria f or size, revenue, float-adjusted market capitalization (FMC), net income, and/or value traded.

Global/Regional Indices

Dow Jones Global Titans 50 Index. The Index measures the perf ormance of large multinational companies from around the world. Fifty companies are selected for the index, based on specif ic criteria f or FMC, revenue, and net income.

Dow Jones Africa Titans 50 Index. The Index measures the perf ormance of 15 of the largest South Af rican companies and 35 non-South African companies that are headquartered, generate the majority of their revenues, or own the majority of their assets in Af rica. Index components are selected based on FMC, subject to screens f or size and liquidity.

Dow Jones Arabia Titans 50 Index. The Index measures the perf ormance of 50 of the largest companies traded on the major exchanges of Arab markets that are established and open to international investors. The index covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, and the United Arab Emirates. Index components are selected based on FMC, revenue, and net income.

Dow Jones Asian Titans 50 Index. The Index measures the performance of the largest companies in the Asia/Pacif ic region. It includes 25 Japan-listed companies and 25 companies f rom other major Asia/Pacif ic markets ? Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, and Thailand. Index components are selected based on f loat-adjusted market capitalization FMC, revenue, and net income.

Dow Jones Asian Titans 50 ex-Japan Index. The Index measures the perf ormance of the largest companies in the Asia/Pacific region, excluding Japan. It includes 50 companies from major Asia/Pacif ic markets ? Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, and Thailand. Index components are selected based on FMC, revenue, and net income.

Dow Jones Emerging ASEAN Titans 100 Index. The Index measures the perf ormance of 100 of the largest companies from Indonesia, Malaysia, Philippines, Thailand, and Vietnam. Index components are selected based on FMC, revenue, and net income. The index is weighted by FMC, subject to an 8% company cap and a 25% country cap.

Country Indices

The Dow Jones Country Titans Indices represent markets in Europe, Asia, and the Americas. Companies are selected for each index based on FMC and average daily value traded. Component numbers vary f rom index to index, based on the size of the underlying market.

Please ref er to Index Construction f or inf ormation on the weighting schemes f or each index.

Represented countries and regions include:

S&P Dow Jones Indices: Dow Jones Titans Indices Methodology

3

Brazil Egypt France Germany Hong Kong

Countries/Regions

Italy

Singapore

Malaysia

South Korea

Netherlands

Spain

Pakistan

Sweden

Saudi Arabia

Switzerland

Taiwan Turkey U.K.

Sector Indices

Dow Jones Sector Titans Indices. The Indices measure the performance of the largest companies from the S&P Global BMI, categorized into groups of specif ic GICS sub-industries as detailed in Eligibility Criteria and Index Construction. Companies are selected based on their FMC, revenue, and net income.

Dow Jones Emerging Markets Consumer Titans Index. The Index measures the perf ormance of 60

emerging-market companies classified in the GICS Consumer Discretionary (25), Consumer Staples (30), and Communication Services (50) sectors. Index components are selected based on FMC, revenue, and net income.

Supporting Documents

This methodology is meant to be read in conjunction with supporting documents providing greater detail with respect to the policies, procedures and calculations described herein. Ref erences throughout the methodology direct the reader to the relevant supporting document for f urther inf ormation on a specif ic topic. The list of the main supplemental documents f or this methodology and the hyperlinks to those documents is as f ollows:

Supporting Document S&P Dow Jones Indices' Equity Indices Policies & Practices Methodology S&P Dow Jones Indices' Index Mathematics Methodology S&P Dow Jones Indices' Float Adjustment Methodology S&P Dow Jones Indices' Global Industry Classif ication Standard (GICS) Methodology

URL Equity Indices Policies & Practices Index Mathematics Methodology Float Adjustment Methodology GICS Methodology

This methodology was created by S&P Dow Jones Indices to achieve the af orementioned objective of

measuring the underlying interest of each index governed by this methodology document. Any changes to or deviations from this methodology are made in the sole judgment and discretion of S&P Dow Jones Indices so that the index continues to achieve its objective.

S&P Dow Jones Indices: Dow Jones Titans Indices Methodology

4

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download