Disclosure

In accordance with the provisions of Section 16A(a) of the Regulation of Investment Advice, Investment Marketing, and Investment Portfolio Management Law, 5755-1995 ("the Investment Advice Law"), we hereby bring the following to your attention:
 

Azimutline Capital Markets Ltd. (hereinafter: "Azimuthline") is a company licensed to engage in investment portfolio management, license number 682, from the Israeli Securities Authority (ISA).

Azimuthline engages in investment portfolio management and investment marketing, as defined in the Investment Advice Law, and does not engage in investment advice.

Investment marketing is defined in the Investment Advice Law as providing advice to others regarding the advisability of investing, holding, buying or selling securities or financial assets, when the advisor has a connection to the financial asset.

Azimuthline has a "connection" to the entities listed below: Ayalon Mutual Funds Ltd., Meitav Provident and Pension Funds Ltd. and their financial assets, which it may prefer within the framework of the investment management and/or investment marketing services provided by it, as detailed below:

1. Mutual funds for which Azimuthline provides external investment management services and are managed by Ayalon Mutual Funds Ltd. Click here for the list of mutual funds>>

2. Provident funds and education funds (I.R.A) for which Azimuthline provides investment management services and are operated by Meitav Provident and Pension Funds Ltd.

Until March 4, 2024, the mutual funds were managed by Kesem Mutual Funds Ltd.

The nature of the connection stems from the fact that Azimuthline and/or a company under its control and/or controlling it may receive a benefit from the aforementioned entities in connection with the execution of transactions in financial assets or in connection with their holding.

In light of Azimuthline's connection to the financial assets of the entities listed above, there is a possibility that Azimuthline will prefer the financial assets of the entities listed above to which it has a connection over another financial asset, which is similar in terms of its suitability to the client to that financial asset, to which Azimuthline has no connection. Such a connection of a marketer or portfolio manager to financial assets shall not be considered an action contrary to the portfolio manager's conflict of interest towards the client.

Azimuthline employees and/or anyone on its behalf and/or entities with which the company is associated and engaged in marketing, brokerage, and/or providing services to the client, may be compensated for their contribution in marketing, brokerage, and providing services from the company's share of management fees and/or from the company's share of other payments that the company collects from the client for its services in accordance with the provisions of the agreement.

The company is entitled and may receive payments from banks and/or its agents and/or from third parties for services performed by it for you within your account, including commissions or commission refunds for the client's activity within the account and details thereof will be provided in the periodic report.

The information provided in this disclosure is not an offer to purchase fund units and does not constitute investment advice/marketing provided based on the potential investor's personal data and special needs.

A purchase will be made according to a main prospectus and immediate reports that are in effect only. The above should not be construed as a commitment by the fund manager to achieve any return.