CSE Composite Index

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CSE Composite Index™

The CSE Composite Index is a broad indicator of market activity for the Canadian Securities Exchange (CSE). With approximately 75% coverage of all equities listed on the CSE it is a uniquely positioned gauge of the Canadian small cap market. The index provides a distinctly different risk/return profile than the broad Canadian equity market.

Index Methodology

The CSE Composite Index follows a set of rules which are published on the CSE website. The index is administered by Solactive AG as the calculation agent. Solcative calculates indices for 160 clients in Europe, America and Asia. The index policies and procedures are maintained by an Index Committee. The committee, in its sole discretion determines how policies and procedures are interpreted and over time may update the policies and procedures of the index if deemed necessary. 

For a detailed description of the methodology, click here: CSE Composite Index Methodology PDF icon cse_composite_index_methodology.pdf

Index Maintenance

The index will be rebalanced quarterly on the third Friday in each of March, June, September and December.  The index will be reconstituted based on eligibility criteria and deletion criteria, and the shares adjusted (if required) for index constituents.

Criteria for Index Additions

Listing - Companies must be listed on the CSE.
Size - Only securities with a minimum market capitalization of $5 million are eligible for inclusion.
Seasoning Requirement - A security is not eligible for inclusion for the first rebalance of the index after its listing. However, a security is exempt from this minimum listing period if either of the following apply:

  • The security was listed on a recognized exchange in Canada immediately prior to its listing on the CSE; or
  • At the rebalance, when ranked by total market capitalization, the security falls within the top quartile of eligible securities listed on the CSE.

Criteria for Index Deletions

Buffer rule - At each quarterly rebalance, current constituents are assessed to ensure they have a minimum market capitalization of $4 million. 

Companies involved in corporate actions which result in them no longer qualifying for the index are removed once the transaction is closed.

The chart portrays the index using historical data from March 15, 2013 through February 26, 2015 and is provided for reference purposes only. The official index has been rebased at 1000 as of the market close on February 26, 2015.

For more detailed information about the Index, please click: PDF icon cse_composite_index.pdf.    

 

RETURNS - CSE COMPOSITE INDEX as at May 1,2016 

 1 month 3 month 6 month 1 year Since inception*
2.94% 3.65% -10.56% -27.63% -33.85%

*Inception date of index is March 15, 2015 

 

INDEX (as at July 12, 2016)

Symbol Security Name Weighting Market Cap Sector
BIF.UN Brookfield New Horizons Income Fund 4.92% $89,588,158.28 Diversified Industries
MRM Micromem Technologies Inc. 4.79% $87,116,478.88 Technology
URB.A Urbana Corporation A NV 4.76% $86,638,236.00 Diversified Industries
KRI Khan Resources Inc. 4.03% $73,279,503.40 Mining
ACB Aurora Cannabis Inc. 3.70% $67,405,073.89 Life Sciences
CIM CIM International Group Inc. 3.40% $61,909,970.67 Diversified Industries
MDD Mag One Products Inc. 3.22% $58,588,466.64 Diversified Industries
RSS RESAAS Services Inc. 3.22% $58,560,639.28 Technology
LTE Lite Access Technologies Inc. 2.72% $49,419,679.52 Technology
SFA Silk Road Finance Inc. 2.69% $48,940,260.75 Diversified Industries
FYS Fantasy 6 Sports Inc. 2.40% $43,737,574.50 Technology
SL Supreme Pharmaceuticals Inc. 2.23% $40,610,456.31 Life Sciences
RXM Rockex Mining Corporation 2.05% $37,367,162.67 Mining
PDO PUDO Inc. 1.87% $34,090,023.56 Diversified Industries
RIW RIWI Corp. 1.87% $33,939,613.88 Technology
CPN Carpathian Gold Inc. 1.84% $33,567,195.39 Mining
EAC Earth Alive Clean Technologies Inc. 1.72% $31,358,112.83 Technology
GLH Golden Leaf Holdings Ltd. 1.70% $31,009,340.74 Diversified Industries
VAI VirtualArmor International Inc. 1.59% $28,950,618.17 Technology
WUC Western Uranium Corporation 1.43% $25,967,469.78 Mining
TLP.UN Tier One Capital Limited Partnership 1.41% $25,646,635.81 Diversified Industries
EA EA Education Group Inc. 1.40% $25,521,698.07 Mining
KWG KWG Resources Inc. 1.39% $25,271,150.07 Mining
RGT Global Remote Technologies Ltd. 1.33% $24,191,019.35 Technology
ACM Acana Capital Corp. 1.33% $24,148,336.00 Diversified Industries
IWS International Wastewater Systems Inc. 1.14% $20,702,720.00 Technology
PDH Premier Diversified Holdings Inc. 1.11% $20,263,435.84 Diversified Industries
BLO Cannabix Technologies Inc. 1.10% $20,089,420.40 Technology
PRI PrimeWest Mortgage Inv Corporation 1.02% $18,549,942.22 Diversified Industries
VVS Avapecia Life Sciences Corp. 1.00% $18,187,612.63 Life Sciences
RLG West Red Lake Gold Mines Inc. 0.99% $18,053,409.79 Mining
QMI Qwick Media Inc. 0.98% $17,782,114.00 Technology
RGO Range Energy Resources Inc. 0.97% $17,612,539.49 Oil and Gas
BRH BitRush Corp. 0.91% $16,631,398.31 Technology
CRL Carl Data Solutions Inc. 0.91% $16,549,529.36 Technology
MMI Metalo Manufacturing Inc. 0.82% $14,918,667.62 Diversified Industries
BTH Breathtec BioMedical Inc. 0.81% $14,776,086.82 Life Sciences
VEG Captiva Verde Industries Ltd. 0.81% $14,664,598.91 Diversified Industries
DST Dundee Sustainable Technologies Inc. 0.80% $14,557,449.98 Technology
STX Starrex International Ltd. 0.80% $14,480,827.00 Diversified Industries
AFD Ansar Financial and Dev Corporation 0.78% $14,205,397.39 Diversified Industries
CME Canadian Metals Inc. 0.68% $12,282,882.14 Life Sciences
ABA Abba Medix Group Inc. 0.67% $12,248,272.80 Life Sciences
BLA Big Rock Labs Inc. 0.66% $11,935,700.00 Technology
MVT Maxtech Ventures Inc. 0.65% $11,868,726.48 Diversified Industries
THC THC Biomed Intl Ltd 0.64% $11,709,543.91 Life Sciences
VRT Veritas Pharma Inc. 0.64% $11,575,200.00 Life Sciences
CBP Certive Solutions Inc. 0.63% $11,499,864.95 Technology
MJ True Leaf Medicine International Ltd. 0.62% $11,193,678.65 Life Sciences
JGW JG Wealth Management Corporation 0.60% $11,001,960.20 Diversified Industries
LLP LeenLife Pharma International Inc. 0.59% $10,727,213.72 Diversified Industries
AG.UN Arctic Glacier Income Fund 0.58% $10,509,516.63 Diversified Industries
CEG Cerro Grande Mining Corporation 0.57% $10,446,244.22 Mining
PCE.UN Petrocapita Income Trust 0.55% $9,987,587.66 Oil and Gas
PKK Peak Positioning Technologies Inc. 0.53% $9,715,657.70 Technology
XMG MGX Minerals Inc. 0.53% $9,651,899.94 Mining
IME Imagin Medical Inc. 0.52% $9,386,341.62 Technology
NNE NEMI Northern Energy & Mining Inc. 0.51% $9,266,497.11 Diversified Industries
CHX ChroMedX Corp. 0.49% $8,929,644.81 Life Sciences
HSI H-Source Holdings Ltd. 0.49% $8,911,385.89 Technology
JBR James Bay Resources Limited 0.48% $8,751,028.77 Oil and Gas
SHV Seahawk Ventures Inc. 0.47% $8,573,815.76 Mining
DDB Data Deposit Box Inc. 0.44% $8,040,827.98 Technology
MDM Marapharm Ventures Inc 0.43% $7,910,775.18 Life Sciences
AVM Avarone Metals Inc. 0.43% $7,850,204.51 Technology
WAW Augustine Ventures Inc. 0.42% $7,692,613.93 Mining
NUR Nuran Wireless Inc. 0.41% $7,508,378.76 Technology
BUX BioMark Diagnostics Inc. 0.41% $7,390,434.74 Life Sciences
N Namaste Technologies Inc. 0.39% $7,022,750.29 Diversified Industries
J Lotus Ventures Inc. 0.38% $6,880,344.00 Diversified Industries
API Appia Energy Corp. 0.38% $6,866,652.87 Mining
JEM Jagercor Energy Corp. 0.37% $6,712,942.86 Oil and Gas
EZM Easy Technologies Inc. 0.36% $6,460,352.30 Technology
AID Auxellence Health Corporation 0.34% $6,151,148.47 Diversified Industries
HGP Heritage Global Inc. 0.32% $5,892,803.14 Technology
VP Vodis Pharmaceuticals Inc. 0.32% $5,780,112.60 Life Sciences
VGM Global Gardens Group Inc. 0.31% $5,640,782.49 Diversified Industries
NC NetCents Technology Inc. 0.31% $5,574,671.90 Technology
IN InMed Pharmaceuticals Inc. 0.31% $5,549,714.30 Life Sciences
LXX Lexaria Bioscience Corp. 0.30% $5,524,607.46 Diversified Industries
FUN Fundamental Applications Corp. 0.30% $5,514,205.73 Technology
SQA Stina Resources Ltd. 0.30% $5,490,737.35 Mining
PSE Pasinex Resources Limited 0.30% $5,400,292.38 Mining
MOS Mobi724 Global Solutions Inc. 0.29% $5,235,802.74 Technology
PRL Park Lawn Company Limited 0.28% $5,085,000.00 Diversified Industries
PKG ParcelPal Technology Inc. 0.27% $5,029,499.18 Technology
CBK Copperbank Resources Corp. 0.27% $4,956,427.06 Mining
AFI Affinor Growers Inc. 0.27% $4,892,569.69 Mining
ATT Abattis Bioceuticals Corp. 0.26% $4,736,917.63 Mining
IGN IGEN Networks Corp. 0.26% $4,697,699.33 Technology
EAT Nutritional High International Inc. 0.25% $4,542,160.45 Life Sciences
WSM World Mahjong Limited 0.24% $4,438,571.85 Diversified Industries

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Portfolio Characteristics (as at July 12, 2016)

Number of companies: 92
Market capitalization (C$ mil) 1,819
Company size (C$ mil)  
Average 19.77
Largest 89.59
Median 11.64
% Weight of Top 10 Holdings: 37.45

Top Ten Holdings(as at July 12, 2016)

Symbol Name Weight
BIF.UN Brookfield New Horizons Income Fund 4.92%
MRM Micromem Technologies Inc. 4.79%
URB.A Urbana Corporation A NV 4.76%
KRI Khan Resources Inc. 4.03%
ACB Aurora Cannabis Inc. 3.70%
CIM CIM International Group Inc. 3.40%
MDD Mag One Products Inc. 3.22%
RSS RESAAS Services Inc. 3.22%
LTE Lite Access Technologies Inc. 2.72%
SFA Silk Road Finance Inc. 2.69%

Sector Weight(as at July 12, 2016)

Sector Weight
Diversified Industries 29.35%
Technology 31.52%
Mining 18.48%
Life Sciences 16.30%
Oil & Gas 4.35%