FAQ

The S&P/ASX 300 Metals & Mining Index is based on the S&P/ASX 300. The index has a stock code/ticker code of XMM. The index is comprised of companies that are classified by the Global Industry Classification Standard (GICS) as being in the Metals & Mining industry, which includes producers of aluminum, gold, steel, precious metals and minerals, and diversified metals and minerals.

The S&P/ASX Industrials & Resources Index is calculated for specific sector representation for the Australia index series. The industrials and resource indices were launched for the S&P/ASX 100, S&P/ASX 200, S&P/ASX 300, S&P/ASX MidCap 50 and S&P/ASX Small Ordinaries Indices. These indices are defined and constructed around criteria relating to GICS.

The S&P/ASX 100 represents the large and mid cap universe for Australia, and is comprised of all the members of the S&P/ASX 50 and S&P/ASX MidCap 50 Indices. The ASX 100 index has a stock ticker code of XTO. It is comprised of 100 stocks selected by the S&P Australian Index Committee. The index provides a benchmark for large active managers whose emphasis is on having a portfolio with strong liquidity. It essentially covers large-cap and mid-cap stocks evaluated for liquidity and size. Index constituents are drawn from eligible companies listed on the Australian Stock Exchange.

The S&P/ASX 20 highlights the 20 largest stocks by market capitalization in the Australian equities market. The ASX 20 index has a stock ticker code of XTL. It is comprised of the 20 largest stocks by market capitalisation in Australia, emphasising liquidity and investability. Index constituents are drawn from eligible companies listed on the Australian Stock Exchange. The S&P/ASX 20 is the narrowest, and the core component, of the Australian indices that could be used as building blocks for portfolio construction.

The S&P/ASX 300 provides up to an additional 100 small cap stocks to the S&P/ASX 200. The ASX 300 index has a stock ticker code of XKO. Index constituents are drawn from eligible companies listed on the Australian Stock Exchange. This index is designed to address investment managers' needs to benchmark against a portfolio characterized by sufficient size and liquidity. S&P/ASX 300 is a component of the Australian indices that could be used as building blocks for portfolio construction.

The S&P/ASX 50 represents the large cap universe for Australia, and is comprised of the 50 largest stocks by market capitalization in the Australian equities market. The ASX 50 index has a stock ticker code of XFL. It comprises the 50 largest stocks by market capitalisation in Australia. The constituent companies represent the biggest national and multi-national publicly listed companies in the Australian equity market. The S&P/ASX 50 index places an emphasis on liquidity and investability. The constituents of the index are reviewed quarterly using the previous six months data.

The S&P/ASX All Australian 200 follows the same index construction rules relating to market capitalization and liquidity that are applied to the S&P/ASX 200 with one distinguishing characteristic – the rules do not extend index eligibility to foreign domiciled securities listed on the ASX. The ASX All Australian 200 index has a stock ticker code of XAT. This feature allows the S&P/ASX All Australian Indices to be more fully representative of the characteristics of Australian listed companies.

The S&P/ASX All Australian 50 follows the same index construction rules relating to market capitalization and liquidity that are applied to the S&P/ASX 50 with one distinguishing characteristic – the rules do not extend index eligibility to foreign domiciled securities listed on the ASX. All Australian 50 index has a stock ticker code of XAF. This feature allows the S&P/ASX All Australian Indices to be more fully representative of the characteristics of Australian listed companies.

The S&P/ASX Emerging Companies Index is the premier benchmark to measure the performance of microcap stocks in the Australian Markets. The ASX Emerging Companies Index has a stock ticker code of XEC. The index provides investors with a tool to effectively analyze characteristics of the microcap segment of the market.

The S&P/ASX Buy-Write Index (XBW) replicates the performance of a well known option trading strategy where the investor holds a long position in a security and then writes (or sells) call options against the long position. The short call position earns option premium for the investor however the short call also limits the potential profit from the long security position.