Proforma Index Review Files Overview

Overview:
Pro Forma Index Review Files
Dow Jones Indexes Operations Team
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Index Review Client Notification Timeline
• 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.
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What are Pro Forma Index Review Files?
• Pro forma index review files are the standard end-of-day
component file reflecting the quarterly review changes.
- The files are presented in the same structure and
format as the standard end-of-day files to allow clients
to systematically process index changes.
• Price adjustments such as stock splits or rights offerings
are adjusted in the pro forma file on the day the action
becomes effective in order to accurately reflect changes
in market capitalization.
• Pro forma files are updated between 7:00 P.M. and
10:00 P.M. New York City time and are posted to the
Dow Jones Indexes FTP site.
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Format of the Pro Forma Files
• CRNyyyymmdd.csv files contain the index components
as of the effective date of rebalance with closing prices
from the current day.
• CRAyyyymmdd.csv files are identical to the
CRNyyyymmdd.csv file but contain CUSIP identifier.
- Clients must be licensed to receive CUSIP information
with the CUSIP Service Bureau.
• The Dow Jones Indexes FTP file specification document
provides an in-depth look into the file structure and is
located on the Client Services site:
- www.djindexes.com/clientservices
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Advantages of Pro Forma Files
• Clients can monitor the component weightings with
updated closing prices and track late corporate
actions leading up to the rebalance date.
• The files utilize the same structure as the standard
end-of-day files so clients can systematically
process index changes on a quarterly basis.
• The Dow Jones Indexes client support team is
staffed 24-hours a day to answer questions
regarding the pro forma files or any other index
review question.
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Frequently Asked Questions
• 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.
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Frequently Asked Questions
• Are there any differences between the standard end-ofday 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.
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Frequently Asked Questions
• 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.
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Additional questions or help
• For answers to questions regarding access to FTP files
or file content, please contact the Dow Jones Indexes
Support Team at DJIndexesSupport@djindexes.com
• Dow Jones will organize a webex demonstration upon
request.
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