1) The fund manager undertook to act in accordance with the outline of the Securities Authority regarding the increase of management fees in the funds, according to which he will not increase the fund manager’s salary or the rate of addition (hereinafter collectively: “salary”) in funds managed during a calendar year. The fund manager will be able to raise his salary in the fund only on 1.1 each year. (Details regarding additional exceptions to the aforesaid obligation are presented in the report dated 03/03/2016 Reference: 2016-03-040243).

2) (2) “Bonds not rated investment” – corporate bonds and/or bonds issued by a country other than the State of Israel, which is not rated, or is rated lower than BBB)-) or an equivalent rating. “A company with no ties to Israel” – a company for which all of the following are true: its bonds are registered for trading in Israel; Its place of incorporation is outside Israel; Its business management takes place outside of Israel and its shares were not offered to the public in Israel; For this matter, a company whose general manager or active chairman is a resident of Israel, and whose majority of the board members are residents of Israel, will be considered a company whose business is conducted in Israel. Where the rating of the bonds held in the fund is downgraded to a rating lower than investment rating or the downgrade of corporate bonds Having no ties to Israel below the AAil rating or an equivalent rating that results in a deviation from the fund’s investment policy, their continued holding in the fund will not be considered a violation of the prohibition to deviate from the investment policy for three months from the day the deviation began. It will be clarified that in accordance with the legal guidelines, a company will not be considered a company without ties to Israel until November 7, 2024 as long as its bonds were registered for trading in Israel on the eve of November 7, 2021.

3) With respect to this section, vis-à-vis the definition of credit risk groups and any deviation from said – see the directive for fund managers and trustees regarding custodial risks and credit risks. A bank that holds cash and deposits (of the Fund’s assets) deposited with it from a risk group that was rated lower than it or ceased to be rated according to the risk groups in the appendix to the directive, in such a manner that the Fund has deviated from said, its investment policy or the provisions of the directive, the continued exposure of said bank shall not be considered a breach of said directive from exception to any investment policy for ten trading days from the date the deviation began.

The Fund’s exposure profile is a combination of two characteristics representing the Fund’s maximum exposure rate to equities (in a scale consisting of the numbers 0 to 6) and to foreign currency (in a scale consisting of the digits 0 and the letters A to F). The higher the number or letter on the scale, the higher the maximum exposure.

2) 2- to 30% exposure to shares at absolute value, B- up to 30% exposure to foreign currency at absolute value.

This publication does not constitute an offer to acquire units in the Fund, any acquisition will be made according to the Fund’s binding Prospectus and changes in any Immediate Reports. That said is not construed as an alternative to advice/investment marketing provided by a holder of a license issued under law, that considers the specifics and requirements of each party. That said is not construed as an offer for the acquisition of participation units of Mutual Funds. The Fund’s past returns are not construed to ensure a similar return in the future.

That said should not be considered a commitment by the Fund manager to achieve any specific return.

* Although the Mutual Fund is tax-exempt, it may be liable to a tax on income and gains from securities abroad, said in addition to a tax that the Fund unit holder will pay on the redemption of units he held vis a vis the gain accrued on the units redeemed.

In addition, it should be noted that the information published on the company’s website does not constitute a substitute for individual investment advice that considers the client’s needs and should not be construed as any commitment whatsoever by the company to provide any service to the client. In addition, that published on the internet website should not be construed as any recommendation to make investments in the capital markets or any recommendation to invest in any financial assets.