Shareholder Weighted (SWIX)

Shareholder Weighted (SWIX) Indices have the same constituents as an existing market capitalisation weighted Index. However, all constituents are weighted in the SWIX indices by applying an alternate free float, called the SWIX free float. The SWIX free float represents the proportion of a constituent’s share capital that is held in dematerialised form and registered on the South African share register, maintained by Strate. The SWIX free float will not exceed the company free float.

 Index Details

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  • Shareholder Weighted (SWIX) Top 40 (J400)
    The construction of the SWIX 40 Index follows the construction of the Top 40 Index (J200). The SWIX free float for the SWIX constituents is calculated by using the portion of listed share capital on the Strate register in dematerialised form.
    CharacteristicDescription
    NameShareholder Weighted Top 40
    Index CodeJ400
    Alpha CodeDTOP
    Index CategoryShareholder Weighted (SWIX)
    UniverseTop 40 Index (J200)
    Fixed No. of Companies40
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologySWIX Free Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer Size5
    DisseminationReal Time
    Live Date2003/07/01
  • Shareholder Weighted All Share (J403)
    The construction of the SWIX All Share Index follows the construction of the All Share Index (J203). The SWIX free float for the SWIX constituents is calculated by using the portion of listed share capital on the Strate register in dematerialised form.
    CharacteristicDescription
    NameShareholder Weighted All Share
    Index CodeJ403
    Alpha CodeDALS
    Index CategoryShareholder Weighted (SWIX)
    UniverseAll Share Index (J203)
    Fixed No. of CompaniesNo (160 companies in December)
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologySWIX Free Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer SizeN/A
    Dissemination60 seconds
    Live Date2003/07/01
  • SWIX 40 Net TRI (JNX4)
    An alternate for the SWIX Top 40 Index (J400), whereby the Total Return Index (TRI) is calculated using net dividend rates (“net in the hands of the SA investor”). Dividend withholding tax is deducted from the declared dividend with the resulting net dividend used in the XD adjustment.
    CharacteristicDescription
    NameShareholder Weighted Top 40 Net Total Return
    Index CodeJNX4
    Alpha CodeDTPN
    Index CategoryShareholder Weighted (SWIX)
    UniverseSWIX Top 40 Index (J400)
    Fixed No. of Companies40
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyNet Dividends
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer Size5
    DisseminationReal Time
    Live Date2012/04/16
  • SWIX All Share Net TRI (JN43)
    An alternate for the SWIX All Share Index (J403), whereby the Total Return Index (TRI) is calculated using net dividend rates (“net in the hands of the SA investor”). Dividend withholding tax is deducted from the declared dividend with the resulting net dividend used in the XD adjustment.
    CharacteristicDescription
    NameShareholder Weighted All Share Net Total Return
    Index CodeJN43
    Alpha CodeDLSN
    Index CategoryShareholder Weighted (SWIX)
    UniverseSWIX All Share Index (J403)
    Fixed No. of CompaniesNo (160 companies in December)
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyNet Dividends
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer SizeN/A
    DisseminationReal Time
    Live Date2013/11/25
  • SWIX Top 40 Expiry Index (J40X)
    Valuation of the SWIX 40 index (J400) calculated exclusively during the Futures Close-out Auction.
    CharacteristicDescription
    NameShareholder Weighted Top 40 Expiry
    Index CodeJ40X
    Alpha CodeDTPX
    Index CategoryShareholder Weighted (SWIX)
    UniverseSWIX Top 40 (J400)
    Fixed No. of Companies40
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologySWIX Free Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer Size5
    DisseminationEnd of Day
    Live Date2014/09/18​​​​​
  • SWIX ICB Industry Indices​
    The Industry Classification Benchmark (ICB) consists of 4 levels of classification and at the top level there are 10 Industries. The classification of the SW​IX All Share Index (J403) constituents at Industry level will be used to calculate a SWIX index for each of the 10 Industries. The Industry Indices include constituents of the SWIX All Share Index (J403) that are classified in the Industry after which the index is named. The SWIX Free Float for the SWIX constituents is calculated by using the portion of listed share capital on the Strate register in dematerialised form.

    ​Index Code​Index Name​ICB Industry Code
    ​JSI0​SWIX Oil & Gas0001​
    JSI1​​​SWIX Basic Materials1000​
    ​JSI2SWIX Industrials​​2000​
    ​JSI3​SWIX Consumer Goods​3000
    ​JSI4​SWIX Health Care4000​
    JSI5​​SWIX Consumer Services​5000
    JSI6​SWIX Telecommunication​6000​
    JSI7​SWIX Utilities​7000​
    ​JSI8​SWIX Financials8000​
    ​​JSI9SWIX Technology​​9000​​

  • SWIX ICB Sector Indices

    The third level of the Industry Classification Benchmark (ICB) is Sectors. The classification of the SWIX All Share Index (J403) at Sector level will be used to calculate the Sector Indices. The Sector Indices include constituents of the SWIX All Share Index (J403) that are classified in the Sector after which the index is named. The SWIX Free Float for the SWIX constituents is calculated by using the portion of listed share capital on the Strate register in dematerialised form. ​​​​

    ​Index Code​Index Name​ICB Sector Code
    ​JS01SWIX Oil & Gas Producers​0530​
    JS02​​SWIX Oil Equipment, Services & Distribution​0570
    ​JS11SWIX Chemicals​​1350
    JS12​SWIX Forestry & Paper​​1730
    ​JS13​SWIX Industrial Metals & Mining​1750
    ​JS14​SWIX Mining​1770
    JS21​​SWIX Construction & Materials2350
    ​JS22​SWIX Aerospace & Defence​2710
    JS23​​​SWIX General Industrials​2720
    ​JS24SWIX Electronic & Electrical Equipment​​2730
    JS25SWIX Industrial Engineering​​2750
    ​JS26​SWIX Industrial Transportation2770​
    ​JS27SWIX Support Services​2790​
    ​JS31SWIX Automobiles & Parts​​3350
    JS32​SWIX Beverages3530​
    ​JS33​SWIX Food Producers3570​
    JS34​SWIX Household Goods & Home Construction​​3720
    JS35​​SWIX Leisure Goods3740​
    ​JS36SWIX Personal Goods​​3760
    ​JS37​SWIX Tobacco​3780
    ​JS41SWIX Health Care Equipment & Services​​4530
    JS42​SWIX Pharmaceuticals & Biotechnology​4570​
    JS51​SWIX Alternative Energy​​0580
    ​JS52SWIX Food & Drug Retailers​​​5330
    ​JS53​SWIX General Retailers5370​
    ​JS54​SWIX Media​5550
    JS55​​​SWIX Travel & Leisure​5750
    ​​JS61​SWIX Fixed Line Telecommunications6530​
    ​JS62​SWIX Mobile Telecommunications​6570
    JS71​SWIX Electricity​7530​
    ​JS72SWIX Gas, Water & Multi-utilities​7570​
    JS81​​SWIX Banks​8350
    ​JS82SWIX Nonlife Insurance​8530​
    JS83​​SWIX Life Insurance​​8570
    JS84​SWIX Real Estate Development & Services​8630​
    JS85​​SWIX Real Estate Investment Trusts8670​
    JS86​​​SWIX General Financial​8770
    JS87​SWIX Equity Investment Instruments​8980​
    JS91​​SWIX Software & Computer Services9530​
    ​JS92SWIX Technology Hardware & Equipment​​9570
  • SWIX SA Sector Indices
    SA Sector categorises all listed instruments into one of three sectors, namely Resources, Financials and Industrials, based on their revenue. The SA sector classification is derived from the Industry Classification Benchmark (ICB) as follows:

    SA Resources – JSE listed companies that belong to ICB Sectors Oil & Gas Producers (0530) and Mining (1770)

    SA Financials – JSE listed companies that belong to ICB Industry Financials (8000)
    SA Industrials – All remaining companies, i.e.: JSE listed companies that do not belong to ICB Industry Financials (8000) and ICB Sectors Oil & Gas Producers (0530) and Mining (1770)​

    SA Sector indices split the All Share Index constituents according to their SA Sector classification.​

    The SWIX Free Float for the SWIX constituents is calculated by using the portion of listed share capital on the Strate register in dematerialised form.

    ​​​​    

    ​Index Code​Index Name
    ​JSZ0​SWIX Resource 10
    ​JSZ1​​SWIX Industrial 25
    ​​JSZ2​SWIX Financial 15
    ​JSZ3​SWIX Financial and Industrial 30
    ​JSZ4SWIX SA Resources​
    ​JSZ5SWIX SA Industrials​
    ​JSZ6​SWIX Financials
    JSZ7​​SWIX SA Financials and Industrials​​​​​

 

 

 

 

Power Hour - 08 June 2017Power Hour - 08 June 2017https://www.jse.co.za/events/power-hour-08062017, https://www.jse.co.za/events/power-hour-080620175/25/2017 10:00:00 PM

 

 

FTSE-JSE Shareholder Weighted Indices BrochureFTSE-JSE Shareholder Weighted Indices Brochurehttps://www.jse.co.za/content/JSEBrochureItems/FTSE-JSE Shareholder Weighted Indices Brochure.pdfpdf
FTSE-JSE SWIX Fact SheetFTSE-JSE SWIX Fact Sheethttps://www.jse.co.za/content/JSEFactSheetItems/FTSE-JSE Shareholder Weighted Indices Factsheet.pdfpdf

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