Direct Answer
The TOPIX Mid400 is a rule-based measurement of japanese mid-cap equity benchmark, maintained by JPX/Nikkei. Like every index it owns nothing: it is a number produced by applying a published weighting formula to a selected list of companies, revised on a schedule the provider sets.
What this index covers
The TOPIX Mid400 covers japanese mid-cap equity benchmark, within the Japan market. JPX/Nikkei defines which securities are eligible, how they are selected from that pool, and how much each one contributes to the published number.
The name states a target of 400 companies. A target is not a guarantee of the exact count on any given day: corporate actions, dual share classes and pending additions all move the real number around it.
How constituents are weighted
Swoopr has not verified the weighting method for this index against JPX/Nikkei's current methodology document, so none is stated here rather than guessed. The provider link below is authoritative.
Current TOPIX Mid400 constituents
JPX/Nikkei publishes and licenses the TOPIX Mid400 constituent list. Swoopr does not republish it here. The provider's own page is the authoritative source for current membership and weights.
Related reading
- All stock market indexes: how indexes are built, weighted and revised.
- Asia-Pacific indexes: others covering the same region.
- Index concentration: measuring how much of an index sits in its largest holdings.
- Index rebalancing and inclusion effects: what happens to a stock when index membership changes.
Frequently Asked Questions
Who maintains the TOPIX Mid400?
JPX/Nikkei maintains the TOPIX Mid400 and publishes the methodology document that defines its eligibility and weighting rules.
What does the TOPIX Mid400 measure?
It measures japanese mid-cap equity benchmark. The index is a calculated number applying a weighting formula to a selected list of companies, and it holds nothing itself.
Where can I see the current TOPIX Mid400 constituents?
JPX/Nikkei publishes the current constituent list. Swoopr does not republish it, because index providers license constituent data and Swoopr holds no such licence.