Base Date: December 31, 2007
No. of Components: 40
Minimum Market Cap: USD $100 million
Minimum Daily Avg. Liquidity: USD $500,000
Sector Limit: 30% (12 companies)
Geographic Exposure: Israel
Rebalance Frequency: Semi-annual
Underlying Universe: Companies domiciled in Israel, listed on the Tel Aviv Stock Exchange or in U.S. exchanges
All index components are selected based on their overall MarketGrader Grade. Built on a scale between 0 and 100, our Overall Grade is based on our 24 fundamental indicators, which are broken down into four analytical categories: Growth, Value, Profitability and Cash Flow. All of our indicators and our overall grades are calculated daily for all companies under coverage.
All index constituents are equally weighted every time the index is rebalanced. No weight modifications or adjustments are made to the portfolio between rebalance periods.
All index constituents must have a minimum total market cap of USD $100 million and a minimum 3-month daily traded value of USD $500,000 or at least USD $50 million in aggregate trading volume in the trailing 12 months immediately before the index selection date. At least 20% of all index components (8 companies) must have a market cap of at least USD $1 billion.
No more than 30% of the index (12 companies) may belong to the same economic sector.
The index is rebalanced twice a year, on the third Friday of March and September.
The MarketGrader Israel 40 Index seeks to follow the most fundamentally sound companies with the best growth prospects in Israel. Since its constituents are equally weighted, the index gives each company an equal opportunity to contribute to the performance of the portfolio regardless of market size, sector or business model. It was designed to offer investors who follow market cap weighted benchmarks an alternative way to capture the growth in one of the most dynamic economies in the Developed World.
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