1. TOP
  2. Latest data, etc.
  3. Special treatment rule (DSI)

Special treatment rule (DSI)

Special treatment rule for newly listed securities when a Stock-For-Stock Exchange method is utilized on the establishment of holding companies.

Newly listed securities are added to the universe on the day of De-listing, if a Stock-For-Stock Exchange method is used when a few formerly listed securities are merged into a new holding company , and if they are categorized as "Large" based on the following standard.

Style calculation

*Data : As of the last rebalancing date (end of June or December) is used.

[Size]

  • Newly listed securities are classified as either Large(TOP) or Large(NEXT), based on the combined market capitalization of pre-merged securities.
    • Large(TOP) :top 100 in terms of market capitalization
    • Large(NEXT) :from 101 to 500 in terms of market capitalization

[Value and Growth]

Newly listed securities are classified as value, growth, or some mixture of both, based on the following standard.

  • Average each listed security's Normalized Value-Growth Score(VGS) weighted by each market capitalization.
  • Decide on the Value-Growth Classification Score(VGCS) of newly listed securities based on the logarithm of combined market capitalization of each listed subsidiary and the above Normalized VGS. (Using the same Regression Line at the last rebalancing date).
  • Use the same Buffer zone as at the last rebalancing date.

Implemented Index Additions