Due disclosure
According to the provisions of Section 16A(a) of the Law Regulating the Practice of Investment Consulting, Investment Marketing, and Investment Portfolio Management, 5755-1995 ("Regulating the Practice Law"), we bring to your attention the following:
Azimutline Capital Markets Ltd. (hereinafter: "Azimutline") is a company with a license to engage in investment portfolio management No. 682 from the Israel Securities Authority.
Azimutline engages in investment portfolio management and investment marketing, as defined in the Business Regulation Law, and does not engage in investment consulting.
Investment marketing is defined in the Advice Law as providing advice to others regarding the feasibility of investing, holding, buying or selling securities or financial assets, when the advisor has an affiliation with a financial asset.
Azimutline has an "affiliation" with the entities listed below: Ayalon Mutual Funds Ltd., Meitav Provident and Pension 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 Azimutline provides external investment management services and are managed by Ayalon Mutual Funds Ltd.
For a list of mutual funds , click here>>
2. Provident funds and IRAs for which Azimutline provides investment management services and which are operated by Meitav Gemel Provident Fund Management Ltd.
Until March 4, 2024, the mutual funds were managed by Kesem Mutual Funds Ltd.
The nature of the relationship stems from the fact that Azimutline and/or a company under its control and/or that controls 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 Azimutline's affiliation with the financial assets of the entities listed above, there is a possibility that Azimutline will prefer the financial assets of the entities listed above with which it has an affiliation, over another financial asset, similar in terms of its suitability for the client to that financial asset, to which Azimutline has no affiliation. Such affiliation of a marketer or portfolio manager to financial assets will not be considered an action in conflict of interest on the part of the portfolio manager towards the client.
Azimutline employees and/or those on its behalf and/or entities with which the company is affiliated and who engage in marketing, brokerage and/or providing services to the customer, may be compensated for their contribution to marketing, brokerage and providing services from the company's share of the management fees and/or from the company's share of other payments that the company collects from the customer for its services in accordance with the provisions of the agreement.
The Company is entitled to and may receive from its banks and/or agents and/or third parties payments for services performed by it for you within the framework of your account, including commissions or commission refunds for customer activity within the framework of the account, and details of this will be provided in the periodic report.
The information provided in this disclosure does not constitute an offer to purchase fund units and does not constitute investment advice/marketing provided based on the personal data and special needs of the potential investor.
Purchases will be made based on the main prospectus and immediate reports in effect only. The above should not be considered an obligation of the fund manager to achieve any return.
