The Syntax Australia 300 Index is a float-adjusted market capitalization-weighted index of the 300 largest equity securities listed on the Australian Securities Exchange (ASX) as ranked by their float market caps, subject to screens for liquidity and ranking buffers to reduce turnover. Companies that are not incorporated in Australia only receive credit in the inclusion ranking for the portion of their float market cap that is owned in Australia.
The Index excludes hybrid securities with fixed-income characteristics as well as investment companies that hold portfolios of other securities. To pass the Index’s liquidity screens, a candidate stock must have both a float factor of at least 30% and at least a 30% ratio of its median liquidity to the weighted-average median liquidity of the 500 largest ASX securities over the trailing 125 trading days, where the median liquidity is a ratio of daily traded value to float market cap.
|Number of Constituents||300|
|Weighting Methodology||Float Market Cap|
|Index Inception Date||December 28, 2021|
|Base Index Value||1000|
|Total Return Index Value (as of 06/30/2022)||5015.2|
|Syntax Australia 300 Index||2.1||2.1||15.0||11.0||9.6||8.0||10.2||5.9|
|Syntax Australia 300 Index||17.6||2.1||24.0||-2.5||11.6||11.4||2.4||5.3||20.1||20.7|
|Div. Yld.||P / E Ratio||P / B Ratio||Vol.||Sharpe Ratio|
|Syntax Australia 300 Index||5.66||19.0||2.36||13.4||0.80|
|BHP GROUP LTD||11.73|
|COMMONWEALTH BANK OF AUSTRALIA||8.08|
|NATIONAL AUSTRALIA BANK LTD||4.68|
|WESTPAC BANKING CORP||3.80|
|MACQUARIE GROUP LTD||3.49|
|AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD||3.46|
|TELSTRA CORPORATION LTD||2.08|
|WOOLWORTHS GROUP LTD||2.02|
Past performance is no guarantee of future results. All performance presented prior to the index inception date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The inception date of the Syntax Australia 300 Index is December 28, 2021. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. However, back-tested data may reflect the application of the index methodology with the benefit of hindsight. No theoretical or back-tested approach can account for all market factors and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than, back-tested returns, which are not necessarily predictive of future returns. Charts and graphs are provided for illustrative purposes only.
The Syntax Australia 300 Index is the property of Syntax LLC, which has contracted with Refinitiv US LLC (“Refinitiv”) to calculate and maintain the Index. The Index is not sponsored by Refinitiv or its affiliates or its third-party licensors. Syntax®, Stratified®, Stratified Indices®, Stratified-Weight™, Stratified Benchmark Indices™, Stratified Sector Indices™, Stratified Thematic Indices™, and Locus® are trademarks or registered trademarks of Syntax, LLC and its affiliate Locus LP. FIS™ is a trademark of Locus for Locus’ “Functional Information System.”
Index performance does not represent actual fund or portfolio performance and such performance does not reflect the actual investment experience of any investor. An investor cannot invest directly in an index. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in a portfolio invested in accordance with an index. None of the Syntax Indices or the benchmark indices portrayed herein charge management fees or incur brokerage expenses, and no such fees or expenses were deducted from the performance shown; provided, however, that the returns of any investment portfolio invested in accordance with such indices would be net of such fees and expenses. Additionally, none of these indices lend securities, and no revenues from securities lending were added to the performance shown. Performance shown is unaudited and subject to revision. This site may include materials and documents containing forward-looking statements which are based on our expectations and projections as of the date made. Past returns are not necessarily predictive of future returns.
Beta is a measure of relative risk, calculated as the covariance of the Index with a benchmark divided by the variance of the benchmark. Volatility is the annualized standard deviation of index returns. Sharpe ratio is a risk- adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. A higher Sharpe ratio indicates better risk-adjusted performance. Beta, volatility, and Sharpe ratio are calculated using monthly returns from 04/01/2012 to 03/31/2022. Weighted Average Stock Price-to-Earnings Ratio (P/E Ratio) is the harmonic weighted average of the ratio of each stock’s share price to its trailing 12 month earnings per share. Weighted Average Stock Price-to-Book-Value Ratio (P/B Ratio) is the harmonic weighted average of the ratio of each stock’s market price to its net asset value. Dividend Yield is the harmonic weighted average of the ratio of each stock’s annual dividend per share to its market price. Price-to-Earnings, Price-to-Book and Dividend Yield are calculated as of 03/31/2022. P/E, P/B, and Dividend Yield are calculated by Syntax via FactSet. Top holdings and security classifications used in calculating allocation tables are based on ending weight as of 03/31/2022.