Funds

Funds Managed by Ayalon Mutual Funds Ltd. with External Investment Management by Fortune Financial Assets Ltd.

* An exclamation mark in the Fund’s name indicates that, pursuant to its investment policy, the Fund may be exposed to credit risk arising from exposure to bonds that are not investment-grade rated, or from derivative transactions with or through corporations that are included in the second credit risk group, or from the deposit of cash and deposits with such corporations, or from the value of foreign securities lent through an Israeli stock exchange member that does not meet the conditions prescribed for the first credit risk group (hereinafter: “Exposure to Banks and Brokers”), in addition to exposure to bonds issued by corporations with no ties to Israel, unless such bonds are rated AAil or higher or have an equivalent rating, under the following circumstances or at the following levels:

• The aggregate exposure to bonds that are not investment-grade rated and Exposure to Banks and Brokers, in addition to exposure to bonds issued by corporations with no ties to Israel, unless such bonds are rated AAil or higher or have an equivalent rating, may exceed the Fund’s maximum equity exposure, as indicated by the Fund’s equity exposure profile;
• The exposure to a particular bank or broker may exceed 10% of the Fund’s net asset value, and the aggregate exposure to banks and brokers may exceed 20% of the Fund’s net asset value (in each case, irrespective of the Fund’s equity exposure profile);

For these purposes:

• “Bond that is not investment-grade rated” – a corporate bond and/or a bond issued by a country other than the State of Israel that is unrated, or that is rated below BBB- (BBB minus) or has an equivalent rating.
• “First or Second Credit Risk Group” – as defined in the appendix to the Directive for Fund Managers and Trustees regarding Custody Risk and Credit Risk.
• “Corporation with no ties to Israel” – as defined in the Directive for Fund Managers regarding the Addition of an Exclamation Mark to the Fund’s Name (New Version – 2026).

The AAil rating referred to above, or an equivalent rating, does not include an AAil- rating or an equivalent rating.

** Until 22.06.25, the fund was named Fortune (0B) Investment Grade Portfolio.

*** In the assessment of the external investment consultant.

Exposure Profiles:

0 – No exposure to shares at absolute value  1 – Up to 10% exposure to shares at absolute value  2 – Up to 30% exposure to shares at absolute value  4 – Up to 120% exposure to shares at absolute value  6 – Over 200% exposure to shares at absolute value
B – Up to 30% exposure to foreign currency at absolute value   D – Up to 120% exposure to foreign currency at absolute value   F – Over 200% exposure to foreign currency at absolute value.

The foregoing does not constitute a substitute for investment advice by an investment consultant licensed by law, who takes into account the data and special needs of each person. The foregoing does not constitute an offer to purchase units in the fund. The purchase of units in the fund is only based on the fund’s prospectus valid at the time of purchase and the immediate reports. The foregoing does not guarantee any return, including excess return.