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THEME INDICES

STOXX World AC NexGen Software Development

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Index Description

The STOXX World AC NexGen Software Development Index is comprised of companies with significant exposure to technologies or products that contribute to advancements in software development through direct revenue. These companies, or components of their business lines, are expected to benefit from long-term structural trends driven by technological and societal change, which, in the future, may have a substantial impact on their performance. Revere (RBICS) Revenue datasets allow detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the theme.

Key facts

  • Index provides targeted exposure to companies that stand to benefit from the advancement of the software development industry.
  • Liquidity and size filters ensure replicability of the index.
  • FactSet Revere data allow detailed and accurate revenue breakdown of eligible companies.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX World AC NexGen Software Development N/A 120.7 1.2 0.3 13.5 0.0 11.2 0.0 11.7
STOXX World AC All Cap 88,263.2 74,182.1 6.0 0.5 2,840.9 0.0 3.8 0.0 4.4

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX World AC NexGen Software Development 8.7 15.3 68.7 62.1 185.3 N/A N/A 68.3 17.4 23.2
STOXX World AC All Cap 4.6 6.7 19.8 33.8 72.6 N/A N/A 19.7 10.1 11.5
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX World AC NexGen Software Development N/A N/A 20.6 27.0 28.0 N/A N/A 2.3 0.5 0.7
STOXX World AC All Cap N/A N/A 10.2 13.2 16.6 N/A N/A 1.3 0.6 0.6
Index to benchmark Correlation Tracking error (%)
STOXX World AC NexGen Software Development 0.8 0.8 0.8 0.9 0.9 18.4 16.6 14.0 17.0 16.0
Index to benchmark Beta Annualized information ratio
STOXX World AC NexGen Software Development 2.3 2.0 1.6 1.8 1.4 2.6 2.9 2.5 0.5 0.7

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Gross Return), all data as of February 29, 2024

THEME INDICES

STOXX World AC NexGen Software Development

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX World AC NexGen Software Development 78.5 32.6 44.6 30.3 5.8 1.0 6.5 79.4
STOXX World AC All Cap 22.6 17.2 19.1 16.6 2.8 2.6 1.7 27.6

Performance and annual returns

Methodology

The parent index of the STOXX World AC NexGen Software Development Index is the STOXX World AC All Cap Index.

A set of country, size and liquidity screens are applied on the STOXX World AC NexGen Software Development Index to capture liquid companies from eligible countries. The STOXX World AC NexGen Software Development Index select companies that generate more than 50% of revenues within the aggregate of the FactSet RBICS sectors associated with the theme.

The index is weighted proportionally to the free-float market cap of selected stocks multiplied by the aggregate revenue exposure of each stock, with concentration capping. The index composition is reviewed annually in June.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1213355949 STXSOFTP .STXSOFTP
Net Return EUR CH1213355956 STXSOFTR .STXSOFTR
Gross Return EUR CH1213355964 STXSOFTG .STXSOFTG
Price USD CH1213355972 STXSOFTL .STXSOFTL
Net Return USD CH1213355980 STXSOFTV STXSOFTV INDEX .STXSOFTV
Gross Return USD CH1213355998 STXSOFTZ .STXSOFTZ

Quick Facts

Weighting Price weighted with a weighting factor and capping factor
Cap Factor 0.08
No. of components top 100 are selected
Review frequency Annually
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of June. 21, 2013
History Available from June. 21, 2013
Inception date June. 26, 2023
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
NVIDIA Corp. Technology USA 11.214%
META PLATFORMS CLASS A Technology USA 9.912%
ADVANCED MICRO DEVICES Technology USA 9.461%
ALPHABET INC. CL A Technology USA 6.679%
ADOBE Technology USA 6.079%
Qualcomm Inc. Technology USA 4.410%
Intuitive Surgical Inc. Health Care USA 4.290%
Intel Corp. Technology USA 3.795%
Micron Technology Inc. Technology USA 3.142%
Keyence Corp. Industrial Goods and Services Japan 3.055%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of February 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.