The threshold criteria for some indices are stricter than those for inclusion in the Tamar or Rimon index universe. For example, the average free float value criterion for entry into the Tamar index universe is currently NIS 40 million. In contrast, entry into the Tel-Div index requires a minimum average free float value of NIS 400 million, while current constituents in the index must have at least a NIS 300 million average free float value to maintain their inclusion in the index. The objective of this dispensation is to ensure that this index, which is equally weighted giving a relatively higher weight to smaller shares, is comprised of sufficiently "robust" shares which are capable of "carrying the weight of the index on their shoulders".
