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THEME INDICES

STOXX World AC NexGen Software Development

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 97.3 1.0 0.2 10.3 0.0 10.6 0.0 18.9
STOXX World AC All Cap 91,081.5 76,560.4 5.5 0.4 2,842.1 0.0 3.7 0.0 4.8

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 5.3 17.8 39.5 58.4 188.3 N/A N/A 39.3 16.5 23.5
STOXX World AC All Cap 2.2 9.4 18.9 21.0 60.7 N/A N/A 18.8 6.5 9.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX World AC NexGen Software Development N/A N/A 19.7 26.6 28.0 N/A N/A 1.4 0.5 0.7
STOXX World AC All Cap N/A N/A 9.2 13.0 16.6 N/A N/A 1.4 0.3 0.5
Index to benchmark Correlation Tracking error (%)
STOXX World AC NexGen Software Development 0.7 0.8 0.8 0.9 0.9 11.7 15.1 13.6 16.7 16.1
Index to benchmark Beta Annualized information ratio
STOXX World AC NexGen Software Development 1.7 2.0 1.7 1.8 1.5 2.9 1.2 1.2 0.6 0.8

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

2Based on EURIBOR1M

(EUR, Price), all data as of May 31, 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 61.5 31.1 39.4 39.4 5.5 0.5 6.2 34.7
STOXX World AC All Cap -0.7 18.4 20.3 20.3 2.8 1.9 1.7 9.3

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

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.

THEME INDICES

STOXX World AC NexGen Software Development

Top 10 Components4

Company Supersector Country Weight
ALPHABET INC. CL A Technology USA 10.626%
NVIDIA Corp. Technology USA 9.793%
META PLATFORMS CLASS A Technology USA 7.545%
ADVANCED MICRO DEVICES Technology USA 6.536%
ADOBE Technology USA 6.445%
Qualcomm Inc. Technology USA 5.407%
Intuitive Surgical Inc. Health Care USA 4.720%
Micron Technology Inc. Technology USA 4.597%
Intel Corp. Technology USA 3.113%
Keyence Corp. Industrial Goods and Services Japan 3.099%

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

4Based on the composition as of May 31, 2024