Overview: Pro Forma Index Review Files . Dow Jones Indexes Operations Team. Index Review Client Notification Timeline.
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Final index review changes (i.e.: component additions/deletions and changes to shares outstanding, float factors, industry classifications and weight factors) are announced after the close of trading on the second Friday of March, June, September and December.
Changes are implemented following the close of trading on the third Friday of the quarterly review months.
Delivery options include email and FTP.
Dow Jones Indexes produces pro forma tracking files on the Wednesday, Thursday and Friday prior to the implementation date.
The pro forma files are produced for a limited number of indexes, but can be expanded based on customer demand.
When do pro forma index review files become available to clients?
Pro forma index review files are updated and created daily on Wednesday, Thursday and Friday leading up to the effective date of each quarterly rebalance date. Files will be posted to the Dow Jones FTP site between 7:00 PM and 10:00 PM New York City time.
Are there any differences between the standard end-of-day files versus the pro forma index review files?
The pro forma files contain the same structure as the end-of-day files. The only differences are the naming convention and that the files include component changes that will be implemented at the quarterly rebalancing.
Does the name of the file change on a daily basis?
No, the name of the pro forma file will not change. The file will be automatically overwritten on a daily basis using closing pricing from the current day.
How does the pro forma file account for a component that has a stock split or rights offering in addition to a previously announced shares outstanding change?
Companies that have a price adjustment such as stock splits or rights offerings will be adjusted in the pro forma files on the ex-date of the event. If the shares outstanding for the company are also being updated with the quarterly review, the share change will be updated to include the corporate action.
Information related to stock splits or rights offerings for index components are included in the splits file that is sent with the final index review results on the second Friday of each quarter or via our corporate action watch lists.