The liquidity of a given share is ranked according to its average daily trading turnover (in ILS) during the six months preceding the record date.

For example, if the scheduled rebalancing date is January 1, then the average daily turnover will be calculated for the period starting on June 16 and ending on December 15 (the record date). In case of a share listed for less than six months, the average daily turnover will relate to the period since it was listed.

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