Shareholder Weighted (SWIX)
The SWIX All Share Index represents 99% of the full market cap value of all eligible securities listed on the Main Board of the JSE however, all constituents are weighted by 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 is the minimum of the percentage shares held on Strate and the company free float.
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Shareholder Weighted (SWIX) Top 40 (J400)
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The SWIX Top 40 Index consists of the 40 most investable companies in the SWIX All Share Index (J403). The SWIX Top 40 Index is not derived from the Top 40 Index and potentially will not have the same constituents as the Top 40 Index. The number of instruments in the index can exceed 40, as some companies issue multiple equity instruments.
Name Shareholder Weighted Top 40 Index Code J400 Alpha Code DTOP Index Category Shareholder Weighted (SWIX) Universe SWIX All Share (J403) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by SWIX net market cap Capping Methodology N/A Index Review Quarterly in March, June, September and December Buffer Size 5 Dissemination Real Time Live Date 2003/07/01 -
Capped Shareholder Weighted (SWIX) Top 40 (J430)
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The Capped SWIX Top 40 Index consists of the 40 most investable companies in the SWIX All Share Index (J403), with weightings capped at 10% to reduce concentration risk.
Name Capped Shareholder Weighted Top 40 Index Code J430 Alpha Code DCAP Index Category Shareholder Weighted (SWIX) Universe SWIX Top 40 Index (J400) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by SWIX net market cap Capping Methodology 10% quarterly Index Review Quarterly in March, June, September and December Buffer Size 5 Dissemination Real Time Live Date 2016/11/21 -
Shareholder Weighted All Share (J403)
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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.
Name Shareholder Weighted All Share Index Code J403 Alpha Code DALS Index Category Shareholder Weighted (SWIX) 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 SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size AutoAdditon: 98.5%; Auto Deletion: 99.5% Dissemination 60 seconds Live Date 2003/07/01 -
Capped Shareholder Weighted All Share (J433)
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The Capped SWIX All Share Index consists of the companies in the SWIX All Share Index (J403), with weightings capped at 10% to reduce concentration risk.
Name Capped Shareholder Weighted All Share Index Code J433 Alpha Code DALC Index Category Shareholder Weighted (SWIX) Universe SWIX All Share Index (J403) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology 10% quarterly Index Review Semi-annually in March and September. Buffer Size Auto Addition: 98.5%; Auto Deletion 99.5% Dissemination Real Time Live Date 2016/11/21 -
SWIX All Share Net TRI (JN43)
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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.
Name Shareholder Weighted All Share Net Total Return Index Code JN43 Alpha Code DLSN Index Category Shareholder Weighted (SWIX) Universe SWIX All Share Index (J403) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September. Buffer Size Auto Addition: 98.5%; Auto Deletion 99.5% Dissemination Real Time Live Date 2013/11/25 -
Capped SWIX All Share Net TRI (JN433)
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An alternate for the Capped SWIX All Share Index (J433), 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.
Name Shareholder Weighted All Share Net Total Return Index Code JN433 Alpha Code DLCN Index Category Shareholder Weighted (SWIX) Universe SWIX All Share Index (J403) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology 10% quarterly Index Review Semi-annually in March and September. Buffer Size Auto Addition: 98.5%; Auto Deletion 99.5% Dissemination Real Time Live Date 2019/05/31 -
SWIX 40 Net TRI (JNX4)
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An alternate for the SWIX Top 40 Index (J400), whereby the dividends are reinvested in the index after deducting withholding tax.
Name Shareholder Weighted Top 40 Net Total Return Index Code JNX4 Alpha Code DTPN Index Category Shareholder Weighted (SWIX) Universe SWIX Top 40 Index (J400) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by SWIX net market cap Capping Methodology N/A Index Review Quarterly in March, June, September and December Buffer Size 5 Dissemination Real Time Live Date 2012/04/16 -
Capped SWIX 40 Net TRI (JN430)
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An alternate for the Capped SWIX Top 40 Index (J430), 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.
Name Capped Shareholder Weighted Top 40 Net Total Return Index Code JN430 Alpha Code DCPN Index Category Shareholder Weighted (SWIX) Universe SWIX Top 40 Index (J400) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by SWIX net market cap Capping Methodology 10% quarterly Index Review Quarterly in March, June, September and December Buffer Size 5 Dissemination Real Time Live Date 2019/05/31 -
SWIX Top 40 Expiry Index (J40X)
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Valuation of the Top 40 Index (J400) calculated exclusively during Futures Closeout Auction.
Name Top 40 Expiry Index Code J40X Alpha Code DTPX Index Category Shareholder Weighted (SWIX) Universe SWIX Top 40 (J400) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology SWIX Free Float Market Cap Weighted Ranking Methodology Ranked by net market cap Capping Methodology 10% quarterly Index Review Monthly Buffer Size 5 Dissemination End of Day Live Date 2014/09/18 -
SWIX SA Sector Indices
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The SWIX SA sector classification is derived from the Industry Classification Benchmark (ICB) as follows:
- SWIX SA Resources –SWIX All Share constituents that belong to ICB Industries: Basic Materials (55) and Energy (60)
- SWIX SA Financials –SWIX All Share constituents that belong to ICB Industries: Financials (30) and Real Estate (35)
- SWIX SA Industrials – SWIX All remaining companies, i.e.: SWIX All Share constituents that do not belong to ICB Industries: Financials (30), Real Estate (35), Basic Materials (55) and Energy (60)
SWIX SA Sector indices split the SWIX 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 JSZ4 SWIX SA Resources JSZ5 SWIX SA Industrials JSZ6 SWIX Financials JSZ7 SWIX SA Financials and Industrials -
SWIX ICB Sector Indices
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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 JX1011 SWIX Software and Computer Services 101010 JX1012 SWIX Technology Hardware and Equipment 101020 JX1511 SWIX Telecommunications Equipment 151010 JX1512 SWIX Telecommunications Service Providers 151020 JX2011 SWIX Health Care Providers 201010 JX2012 SWIX Medical Equipment and Services 201020 JX2013 SWIX Pharmaceuticals and Biotechnology 201030 JX3011 SWIX Banks 301010 JX3021 SWIX Finance and Credit Services 302010 JX3022 SWIX Investment Banking and Brokerage Services 302020 JX3023 SWIX Mortgage Real Estate Investment Trusts 302030 JX3024 SWIX Closed End Investments 302040 JX3031 SWIX Life Insurance 303010 JX3032 SWIX Non-life Insurance 303020 JX3511 SWIX Real Estate Investment and Services 351010 JX3512 SWIX Real Estate Investment Trusts 351020 JX4011 SWIX Automobiles and Parts 401010 JX4021 SWIX Consumer Services 402010 JX4022 SWIX Household Goods and Home Construction 402020 JX4023 SWIX Leisure Goods 402030 JX4024 SWIX Personal Goods 402040 JX4031 SWIX Media 403010 JX4041 SWIX Retailers 404010 JX4051 SWIX Travel and Leisure 405010 JX4511 SWIX Beverages 451010 JX4512 SWIX Food Producers 451020 JX4513 SWIX Tobacco 451030 JX4521 SWIX Personal Care, Drug and Grocery Stores 452010 JX5011 SWIX Construction and Materials 501010 JX5021 SWIX Aerospace and Defense 502010 JX5022 SWIX Electronic and Electrical Equipment 502020 JX5023 SWIX General Industrials 502030 JX5024 SWIX Industrial Engineering 502040 JX5025 SWIX Industrial Support Services 502050 JX5026 SWIX Industrial Transportation 502060 JX5511 SWIX Industrial Materials 551010 JX5512 SWIX Industrial Metals and Mining 551020 JX5513 SWIX Precious Metals and Mining 551030 JX5521 SWIX Chemicals 552010 JX6011 SWIX Oil, Gas and Coal 601010 JX6012 SWIX Alternative Energy 601020 JX6511 SWIX Electricity 651010 JX6512 SWIX Gas, Water and Multi-utilities 651020 JX6513 SWIX Waste and Disposal Services 651030 -
SWIX ICB Industry Indices
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The classification of the SWIX All Share Index (J403) constituents at Industry level will be used to calculate a SWIX index for each of the 11 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 JW0010 SWIX Technology 10 JW0015 SWIX Telecommunications 15 JW0020 SWIX Health Care 20 JW0030 SWIX Financials 30 JW0035 SWIX Real Estate 35 JW0040 SWIX Consumer Discretionary 40 JW0045 SWIX Consumer Staples 45 JW0050 SWIX Industrials 50 JW0055 SWIX Basic Materials 55 JW0060 SWIX Energy 60 JW0065 SWIX Utilities 65