ROBOSTOX has just completed another quarterly re-balance of our UCITS compliant index (ROBOT). There are now 80 index constituents with the following new additions: Teradyne Inc, SLM Solutions AG, Daifuku Company Limited, Parrot SA and Yushin Precision Equipment. Full details can be found in the attached Index Fact Sheet. Thank you.
Insurers' journeys to build a mastery in the IoT usage
The ROBO-STOX Global Robotics and Automation UCITIS Index has been rebalanced
1. The ROBO-STOX®
Global Robotics and Automation UCITS Index
as of June 23, 2015
Index Facts
Description
The world is in the early stages of a transformational new economic era, driven by the increasing adoption of
sophisticated Robotics and Automation technologies across all aspects of industry and day-to-day life. After the rise of
the internet age, rapid advances in technology such as machine vision, motion sensors and navigation algorithms are
enabling robots to perform increasingly sophisticated and delicate knowledge-based work. This widens their use to an
incredible array of industries and applications that we are only just beginning to appreciate.
ROBO-STOX® is the first company to provide a platform for investors and other interested parties to understand and
track this Robotics and Automation industry on a global basis. The ROBO-STOX® Global Robotics and Automation
UCITS Index benchmarks the entire value chain of robotics, automation, and enabling technologies. This value chain
captures not only the traditional industrial robotics hardware, but also those companies developing the latest
technologies and software in robotics and deploying those technologies into new applications.
Today, the Index is comprised of 80 companies with headquarters and listings in over 15 different countries around the
world. To create and maintain the Index ROBO-STOX has assembled a group of industry analysts comprised of leaders
from both the academic and financial research world who work closely with our management team.
Performance Chart*
Additions / Deletion Frequency
Non Bellwether companies (NBW)
ROBOT Index
Base Value
Equal weighting approach within BW (40%) and
NBW (60%)
.ROBOT
Bellwether companies (BW)
Price return and total return versions are
available. The total return version of the index
is calculated with gross dividends reinvested.
every 15 seconds 9.30am to 4.30pm GMT
Bloomberg Ticker
Reuters Ticker
Rebalance Frequency
16th
June 2014Go Live Date
Weighting
available daily back to December 31st
2003
Index Components
Calculation Frequency
All companies within the ROBO-STOX Industry
Classification
History availability
Eligible Universe
quarterly
100
Dividend treatment
quarterly
1Y
Since
2003*6M
Performance (eff.)
YTD
Key Statistics
1M
Volatility (p.a.)
Sharpe Ratio
Max. Drawdown
Fundamentals*
Base Date December 31st
2003
P/E
P/Cash Flow
P/B
P/Sales
80
20
60
-0.18
0.05%
9.88%
-2.52%
10.12%
-3.98% -58.36%
0.68
400.68%
-14.49%
4.04%
0.72
-4.98%
10.06%
-3.32%
0.66
18.41%
3.67%
-0.28
10.49%
ROBO-STOX®
Index Performance Past 10 Years - Rebased 100 = June 2005
*The index criteria were modified with effect from 1 October 2014 as per the published index guidelines. For the period prior to 1 October 2014, the data shown is derived from the
published index values which, prior to 16 June 2014, are based on simulated back-tested data.
*Including back-tested data prior to 16 June 2014.
21.96x
2.82x
1.89x
17.76x
* as of June 22, 2015. The
calculation is based on the
median.
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2. The ROBO-STOX®
Global Robotics and Automation UCITS Index
as of June 23, 2015
Technology and Applications Classification*
Index Classification
In the absence of a benchmark industry classification system for identifying companies engaged in the global Robotics and
Automation industry, the ROBO-STOX®
Industry Classification was created in consultation with leading academic and industry
experts. The ROBO-STOX®
Industry Classification provides an industry analysis framework for investment research, portfolio
management and asset allocation.
Technology - captures all index companies that
manufacture or provide services related to any
machinery, equipment, devices or sensors
supporting a robot performing its task. It also
includes those companies that provide key-
enabling software and processing technologies
used to advance the conversion to autonomous
systems. Essentially, we are looking at the
companies that enable robots to sense, process
and act.
Applications - highlights all index companies that
incorporate multiple robotic and automation
technologies into their product or manufacturing
process to improve efficiency in traditional
business lines as well as the development of
entirely new business propositions.
Geographic Breakdown*
Index Methodology
The ROBO-STOX®
Global Robotics and Automation UCITS Index is maintained by a team of financial and robotics experts to ensure
that it remains a leading indicator of the industry. The Index is global, deliberately broad and built for the long term which reflects the
early stages of the Robotics and Automation industry. Including all players in a proportionate and equally weighted fashion ensures
that we capture the overall growth trend while minimizing company-specific risk.
Mid-Cap (USD2bn to USD10bn) 40%
Small-Cap (less than USD2bn) 38%
Large-Cap (greater than USD10bn) 22%
United States 36%
Japan 28%
Germany 8%
Taiwan 7%
Switzerland 4%
France 3%
Israel 2%
Canada 2%
United Kingdom 2%
Others 8%
Application 52%
Manufacturing & Ind. Automation 19%
Healthcare 10%
Energy 5%
Logistics Automation 5%
Security 5%
3D Printing 4%
Consumer Products 3%
Agriculture 1%
Technology 48%
Actuation 15%
Processing 12%
Computing 8%
Sensing 7%
Integration 6%
Market Capitalization Breakdown*
The Index is made up of “bellwether” (40%) and “non-bellwether” (60%) companies. Bellwether companies (BWs) are well established
leading players, whose core business is directly related to Robotics and Automation. Non-bellwether companies (NBWs) have a
distinct portion of their business and revenue in Robotics and Automation and have the potential to grow through innovation and/or
market adoption of their products and/or services. Within BW and NBW each constituent is equally weighted. This approach avoids
the large capitalisation and “buy high, sell low” biases of market capitalisation indices and ensures that the Index provides exposure to
companies in the early stages of new innovation and technologiesas well as the more established players. The 40/60 weighting results
in each BW having roughly twice the weight of each NBW.
Index constituents are initially selected from the ROBO-STOX®
Industry Classification in accordance with predetermined rules and
objective criteria including minimum market capitalisation and average daily value traded. At each quarterly rebalance the Index
constituents are reweighted and any additions or deletions are made as determined by the Advisory Index Committee at ROBO-
STOX®
.
Companies included are publicly listed on bourses around the world, and derive a substantial portion of revenues from Robotics and
Automation related activities. ROBO-STOX®
is responsible for the classification of companies within the ROBO-STOX®
Industry
Classification and maintenance of the database. Within the ROBO-STOX®
Industry Classification, companies are classified as either
BW or NBW and then further organised into sub-sectors which are expected to increase in number as the industry continues to
evolve. Currently, the Classification Committee at ROBO-STOX® has identified 13 sub-sectors which fall under either Technology or
Applications.
*Charts are presented based on number of companies in each category.
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3. The ROBO-STOX®
Global Robotics and Automation UCITS Index
as of June 23, 2015
Securities
Monthly Performance
Feb MayAprMar Aug YTDJul NovJan DecOctSepJun
2015 -2.95% 5.16% 0.95% 0.48% -0.18% 0.32% 3.67%
2014 6.93% -3.90% 0.71% -3.98% -0.69% 1.35% -1.32% -1.31%
Performance
Sub-Sector 6M* 12M*
HIWIN TECHNOLOGIES Actuation -19.4% -31.5%
CYBERDYNE INC Healthcare 11.9% -
KUKA Manufacturing & Ind. Automation 28.4% 68.7%
KRONES Manufacturing & Ind. Automation 16.6% 26.9%
OCEANEERING INTL INC Energy -20.5% -38.9%
ROCKWELL AUTOMATION INC Integration 10.9% -0.7%
LINCOLN ELECTRIC HOLDINGS Actuation -9.4% -8.4%
YASKAWA ELECTRIC CORP ORD Manufacturing & Ind. Automation 3.6% 35.2%
OMRON CORP ORD Sensing 7.2% 33.3%
IROBOT CORP Consumer Products -5.1% -15.8%
INTUITIVE SURGICAL INC Healthcare -5.6% 23.2%
AEROVIRONMENT INC Security -0.6% -14.1%
FANUC CORP Manufacturing & Ind. Automation 31.5% 46.0%
NABTESCO CORP ORD Actuation 7.0% 34.5%
ABB LTD-REG Integration -2.2% 0.8%
ACCURAY INC Healthcare -3.8% -23.2%
KEYENCE CORP ORD Sensing 26.1% 53.0%
FARO TECHNOLOGIES INC Processing -25.6% -2.5%
COGNEX CORP Processing 18.0% 25.6%
YUSHIN PRECISION EQUIPMENT Manufacturing & Ind. Automation - -
Sensing 41.6% 11.4%IMMERSION CORPORATION
Computing 18.5% 25.2%YOKOGAWA ELECTRIC CORP ORD
Actuation -15.6% -25.6%TECO ELECTRIC & MACHINERY CO LTD
Actuation 6.7% -8.3%JENOPTIK AG
3D Printing -51.9% -64.2%STRATASYS LTD
3D Printing -30.5% -62.2%3D SYSTEMS CORP
Logistics Automation 38.4% 21.8%CARGOTEC OYJ-B SHARE
Actuation -5.9% -JOHNSON ELECTRIC HOLDINGS LTD ORD
Processing 20.4% 1.2%LEONI
Integration 7.5% -6.2%SCHNEIDER ELECTRIC SA
Manufacturing & Ind. Automation 13.0% 37.1%DAIHEN CORP
Consumer Products - -PARROT SA
Actuation 51.8% -HARMONIC DRIVE SYSTEMS INC
3D Printing 1.0% -26.9%ARCAM AB
Integration 2.1% -2.0%SIEMENS
Computing 16.7% 30.1%TOPCON CORP
Actuation -12.4% -20.5%DELTA ELECTRONICS INC
Logistics Automation 5.5% 27.0%SFA ENGINEERING CORP
Actuation 20.6% 39.8%SMC CORP ORD
Security 29.9% 39.1%ELBIT SYSTEMS LTD ORD
Performance
Sub-Sector 6M* 12M*
Processing 23.3% -MOBILEYE NV
Energy -35.1% -46.0%HELIX ENERGY SOLUTIONS GROUP
Healthcare 15.7% 24.7%QIAGEN NV
Actuation 25.9% -IPG PHOTONICS CORP
Manufacturing & Ind. Automation 11.0% 28.5%DENSO CORP ORD
Manufacturing & Ind. Automation 26.7% 32.6%AIDA ENGINEERING LTD
Energy -10.9% -FMC TECHNOLOGIES INC
Agriculture 3.1% 2.5%DEERE & CO
Manufacturing & Ind. Automation -4.2% 23.0%BROOKS AUTOMATION INC
Logistics Automation 15.3% 25.6%JOHN BEAN TECHNOLOGIES CORP
Computing 9.6% 1.5%MICROCHIP TECHNOLOGY INC
Manufacturing & Ind. Automation 5.8% 3.8%ATS AUTOMATION TOOLING SYSTEMS
Actuation -4.8% 10.8%THK CO LTD ORD
Processing -0.9% -1.1%NATIONAL INSTRUMENTS CORP
Processing 36.3% -28.5%DASSAULT SYSTEMES SA
Computing -3.2% -ADVANTECH CO LTD ORD
Security -1.9% 6.8%MACDONALD DETTWILER & ASSOC COM
Computing 23.7% 10.9%ATMEL CORP
Manufacturing & Ind. Automation 22.9% 24.5%TOSHIBA MACHINE CO LTD
Processing -13.2% -37.2%TRIMBLE NAVIGATION LTD
Manufacturing & Ind. Automation 3.2% -2.3%NACHI-FUJIKOSHI CORP ORD
Computing 13.3% 28.4%MITSUBISHI ELECTRIC CORP
Processing 48.3% -E2V TECHNOLOGIES PLC
Sensing 5.0% 11.3%TELEDYNE TECHNOLOGIES INC
Sensing 18.0% 44.1%RENISHAW PLC
Logistics Automation 20.2% -KARDEX AG-REG
Computing 42.0% -ADLINK TECHNOLOGY INC
Processing 25.7% -6.8%NUANCE COMMUNICATIONS INC
Manufacturing & Ind. Automation 1.6% -1.0%NORDSON CORP
Actuation -33.5% -38.8%AIRTAC INTERNATIONAL GROUP
Security 8.6% 34.1%NORTHROP GRUMMAN CORP
Healthcare 6.5% 16.1%TECAN GROUP AG-REG
Healthcare -0.5% 3.3%VARIAN MED.SYS.
Energy 21.3% -KONGSBERG GRUPPEN ASA
3D Printing - -SLM SOLUTIONS GROUP AG
Processing -7.0% -12.0%FLIR SYSTEMS INC
Manufacturing & Ind. Automation - -TERADYNE INC
Computing 2.3% 4.1%HOLLYSYS AUTOMATION TECHNOLO
Healthcare -34.7% -39.5%ELEKTA AB
Logistics Automation - -DAIFUKU CO LTD
(BOLDED companies are BW's)
*Performance of the components based on net price data.
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