The primary purpose of these indices is to provide investors with a measure of the performance of value and growth companies which are constituents of the All Share Index (J203). Once the Value and Growth Rankings have been calculated, they are then used to determine the Overall Style Ranking (OSR) for each index constituent. The OSR is the average of the Value and Growth Ranking for each constituent. The Overall Style Ranking is used to determine the Value and Growth weighting for each constituent in the All Share Index.

Index Detail

The Value Index is designed to reflect portfolios focusing on the price and value characteristics of securities, weighted towards those companies with identifiable value characteristics. The value measures are: Book to price, Sales to price, Dividend yield and Cash flow to price.
Name  Value
Index Code           J330
Alpha Code FJVJ
Index Category Style
Universe All Share Index (J203)
Fixed No. of Companies No
Liquidity Screening             Yes
Free Float Screening Minimum of 5% 
Other Screening N/A
Weighting Methodology Value measures
Ranking Methodology Ranked by Overall Style Ranking (OSR) - Value ranking is at the bottom (low OSR) of the ranking
Capping Methodology N/A
Index Review Semi-Annually in March and September
Buffer Size            N/A
Dissemination End of Day
Live Date               2004/08/23
The Growth Index is designed to reflect portfolios focusing on earnings and revenue growth, weighted towards those companies with identifiable growth characteristics. The Growth measures are 3 year historic earnings per share growth, 3 year historic sales growth, 2 year forward earnings per share growth, 2 year forward sales growth, Return on equity X (1 – payout ratio).
Name  Growth
Index Code           J331
Alpha Code FJGI
Index Category Style
Universe All Share Index (J203)
Fixed No. of Companies No
Liquidity Screening             Yes
Free Float Screening Minimum of 5% 
Other Screening N/A
Weighting Methodology Growth measures
Ranking Methodology Ranked by Overall Style Ranking (OSR) – Growth value is at the top (high OSR) of the ranking
Capping Methodology N/A
Index Review Semi-Annually in March and September
Buffer Size            N/A
Dissemination End of Day
Live Date               2004/08/23