According to the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law, 5755-1995 (hereinafter: “The Advisement Law”)’ Sigma Portfolio Management Ltd. (hereinafter: “the Company”) is honored to inform you that:

  • A. The Company has a portfolio management license, and it deals in portfolio management and investment marketing. The Company does not deal in financial advisement. All of the aforesaid terms are as defined in the Advisement Law.
  • B. The Company is a corporation that is related to the financial institutions and/or distributors that are specified below (hereinafter together: “the Related Institutions”) and as such, it has an affinity to the financial assets that are issued and/or managed and/or marketed by them (as specified later on): Sigma Mutual Funds Ltd., Sigma Financial Planning An Agency for Pension Insurance (2011) Ltd, and Sigma Premium Ltd.
  • C. The Company has an affinity to the financial assets (hereinafter: “Mutual Funds”) that are managed by Sigma Mutual Funds Ltd. and are specified below (as of July 2021)
  • D.
    Security No. Name of Fund Security No. Name of Fund Security No. Name of Fund
    5108428SIGMA (00)(!) CORPORATE BONDS5115514SIGMA (2B) PORTFOLIO UP TO 20%5106968SIGMA (4C) TLV 125 AND LARGE CAP
    5115506SIGMA (00)(!) INTERNAL RATING MODEL 5108048SIGMA (1A) SHEKEL MANAGED5101233SIGMA (4D) GLOBAL STOCKS18
    5120704SIGMA (0A)(!) DYNAMIC BONDS WITHOUT STOCKS5101399SIGMA (0A) GOVERNMENT BONDS 5124029SIGMA (0A) LIQUIDITY PORTFOLIO UP TO TWO YEARS WITHOUT STOCKS17
    5107321SIGMA (00) SHEKEL BOND A @ HIGHER5113527SIGMA (2A) COMBINED BONDS + 20%5124060SIGMA (2C) 25/75
    5120720SIGMA (1B)(!) 10/90 DYNAMIC5113543SIGMA (4D) GLOBAL EQUITY5124045SIGMA (0D)(!) INTERNATIONAL DOLLAR BONDS
    5116041SIGMA (00) GOVERNMENT WITHOUT STOCKS175120613SIGMA GENERAL SHARES (4C)5108865AXIOMA (4B) STOCKS T"A 125
    5120688SIGMA (2A) 20/805121868SIGMA (4D) EUROPE STOCK DIVIDEND5125653SIGMA (0A) EQUITY FREE PORTFOLIO
    5109871SIGMA (00) GENERAL BONDS WITHOUT STOCKS5123096SIGMA (2B) 30/705125679SIGMA (4D) FLEXIBLE15
    5109004SIGMA 10/90 (1B)5123229SIGMA (2B) 15/855125661SIGMA (2B) FOLLOWING PORTFOLIO 2 - DISCOUNT BANK
    5113501SIGMA (00) INVESTMENT GRADE BONDS WITHOUT STOCKS5123237SIGMA (1A) GOVERNMENT BONDS + 10%5108774AXIOMA (0B) AGACH LELO MENAYOT
    5107883AXIOMA BONDS + 30% (2B) 5132170 SIGMA (6F) LEVERAGED STRATEGIES5120001OCEAN YETSIRA (0B)(!) BOND PORTFOLIO WITHOUT STOCKS2
    5119979OCEAN YETSIRA (1A) 10/9055123666OCEAN YETSIRA (2B) 20/8045124227OCEAN YETSIRA (2B) 30/703
    5130232OCEAN YETSIRA (0B) BONDS WITHOUT STOCKS15128558OCEAN YETSIRA (0D)(!) GLOBAL BONDS TO MATURITY TILL 12/202365119987OCEAN YETSIRA (4D) EQUITY PORTFOLIO7
    5127964OCEAN YETSIRA (4D) EQUITY8+195131461DERECH (4D) VALUE STOCKS5124268OCEAN YETSIRA (4D) GLOBAL EQUITY 9+19+20
    5119995OCEAN YETSIRA (4D) FLEXIBLE 105101589SIGMA (4D) U.S.A STOCKS 11+12+185115829SIGMA (4D) INVESTS11+13
    5114301SIGMA (0F) LONG $ PI 311+145132410FALCON (2B) 20/805132618AXIOMA (4D) GLOBAL STOCKS
    5133228GOLD (4D) FLEXIBLE FUND16
  • E. The affinity to the Mutual Funds is because they are managed and/or issued and/or offered and/or marketed by the Company and/or the Related Institutions, and therefore the Company may receive a benefit in regards to the execution of a transaction in the units of the aforesaid Mutual Funds or in regards to continuing and holding them.
  • F. In addition, the Company is related to the Company, Sigma Financial Planning An Agency for Pension Insurance (2011) Ltd. (hereinafter: “the Related Company”) that is controlled by the controlling shareholder in the Company, and that deals in the marketing of provident products, pension funds and other insurance products that may be considered as having an affinity to financial institutions due to the receipt of commissions for the marketing of products that are managed by them, and are a “financial asset”. By virtue of the aforesaid, these financial institutions may be considered as Institutions that are related to the Company, and the Company may be considered as holding an affinity in the aforesaid products that are managed by them. These financial institutions may include all of the insurance companies and the companies that manage provident funds, which exist in the market, or any one of them. You can look at the updated list of the financial institutions, provident products, pension funds and additional insurance products that are marketed by the Related Company, and which is updated from time to time, at the Company’s website, which address is: Full-Disclosure- Sigma- Financial Planning.
  • G. Provided that the Company fulfilled all of its disclosure requirements to the client, it may prefer financial assets that it has an affinity in them over other financial assets that the Company does not have an affinity in them, and which are similar in regards to their suitability to the client. The aforesaid affinity of the marketer or of the portfolio manager in the financial assets will not be considered an action that is in conflict of interest on the part of the portfolio manager towards the client.
  • H. The list of the financial institutions, the list of the financial assets and the list of the institutions that the Company has an affinity in the financial assets that were issued and/or managed and/or marketed by them, as is specified above, may change from time to time.

Sincerely,

Sigma Portfolio Management Ltd.

1- On Date 1/12/2020 name of the fund was renamed former: Yetsira (0B) Bonds Without Stocks,
2- On Date 29/11/2020 name of the fund was renamed former: Ocean (0B)(!) Bond Portfolio Without Stocks ,
3- On Date 29/11/2020 name of the fund was renamed former: Yetsira (2B) 30/70,
4- On Date 29/11/2020 name of the fund was renamed former: Ocean (2B) 20/80,
5- On Date 29/11/2020 name of the fund was renamed former: Ocean (1A) 10/90,
6- On Date 29/11/2020 name of the fund was renamed former: Ocean (0D)(!) Global Bonds to Maturity till 12/2023,
7- On Date 29/11/2020 name of the fund was renamed former: Ocean (4D)  Equity  Portfolio,
8- On Date 29/11/2020 name of the fund was renamed former: Yetsira (4D) Stocks,
9- On Date 29/11/2020 name of the fund was renamed former: Yetsira (4D) Flexible,
10- On Date 29/11/2020 name of the fund was renamed former: Ocean (4D) Flexible.
11- It should be noted that on December 28, 2020, the mutual fund was transferred to the management of the fund manager from the fund manager “Mutual Funds Models Ltd.”
12- On Date 28/12/2020 name of the fund was renamed former:MODELIM(4D)U.S.A STOCKS.
13- On Date 28/12/2020 name of the fund was renamed former: MODELIM (4D)FLEXIBLE.
14- On Date 28/12/2020 name of the fund was renamed former:MODELIM(0F) LONG $ PI 3.
15- On Date 30/09/2020 name of the fund was renamed former: SIGMA (4D) Flexible Investment Portfolio.
16- The fund began offering its units to the public on 05.07.2021 and until 18.08.2021 is in the process of adjusting assets.
17-It should be noted that on the 20.07.2021: the Fund SIGMA (0A) LIQUIDITY PORTFOLIO UP TO TWO YEARS WITHOUT STOCKS will merge into the fund SIGMA (0A) GOVERNMENT BONDS for further details see report dated on the 06.07.2021, reference: (2021-03-112455).
18- It should be noted that on the 22.07.2021: the Fund SIGMA (4D) U.S.A STOCKS will merge into the fund SIGMA (4D) GLOBAL STOCKS for further details see report dated on the 08.07.2021, (reference: 2021-03-114522).
19- It should be noted that on the 27.07.2021: the Fund OCEAN YETSIRA (4D) EQUITY PORTFOLIO will merge into the fund OCEAN YETSIRA (4D) INVESTMENTS that renamed to OCEAN YETSIRA (4D) GLOBAL EQUITY for further details see report dated on the 12.07.2021, (reference: 2021-03-115839).
20- On Date 14.07.2021 name of the fund was renamed former: OCEAN YETSIRA (4D) INVESTMENTS

The manager of the fund isn’t obliged to achieve any kind of yield, including an excess yield. The information that is given is not an offer to purchase units in funds, and it is not consultation or given on the basis of the special figures and needs of the potential investor. The offer of the units is in according with the valid prospectus and immediate reports. The funds are managed by “Sigma Mutual Funds Ltd.”

The Key to the Exposure Profile:

The Degree of the Exposure to Shares The portion out of the net value of the fund's assets that is exposed to shares
0Without Exposure
1Up to 10%
2Up to 30%
3Up to 50%
4Up to 120%
5Up to 200%
6Above 200%
The Degree of the Exposure to Foreign Currency The portion out of the net value of the fund's assets that is exposed to foreign currency
0Without Exposure
AUp to 10%
BUp to 30%
CUp to 50%
DUp to 120%
EUp to 200%
FAbove 200%

(!) – The inclusion of an exclamation mark in the name of the fund means as follows:

In a Class 3 Fund for the purpose of the Joint Investments Trust Regulations (Distribution Commission), 5766-2006:

An exclamation mark in the name of the fund indicates that according to its investment policy, exposure to credit risk may arise from exposure to bonds that are not rated with an investment rating (as defined below) or derivative activity with or through corporations that belong to the second credit risk group, or from the deposit of cash and deposits with such corporations, or from the value of a foreign security that was lent through an Israeli stock exchange member that does not meet the conditions set forth in the first credit risk group (hereinafter – “exposure to banks and brokers”) under the following circumstances or rates:

The overall rate of exposure to bonds that are not rated with an investment grade and exposure to banks and brokers may exceed the fund’s maximum exposure rate to shares, as indicated by the fund’s exposure profile;

The rate of exposure to a particular bank or broker may exceed 10% of the value of the Fund’s assets and the rate of exposure to banks and brokers may exceed 20% of the value of the Fund’s assets (all regardless of the fund’s exposure profile to shares);

For this purpose, a first or second credit risk group – as defined in the appendix to the directive to fund managers and trustees regarding custodian risks and credit risks.

In funds which are not  Class 3 Funds for the purpose of the Joint Investments Trust Regulations (Distribution Commission), 5766-2006:

An exclamation mark in the name of the fund indicates that according to its investment policy, exposure to credit risk may arise from exposure to bonds that are not rated with an investment rating (as defined below) or derivative activity with or through corporations that belong to the the second credit risk group (as defined in the appendix to the directive to fund managers and trustees regarding custodian risks and credit risks), or from the deposit of cash and deposits with such corporations, or from the value of a foreign security that was lent through an Israeli stock exchange member that does not meet the conditions set out in the first credit risk group (hereinafter: “exposure to banks and brokers”) under the following circumstances or rates:

The overall rate of exposure to bonds that are not rated with an investment grade and exposure to banks and brokers may exceed the fund’s maximum exposure rate to shares, as indicated by the fund’s exposure profile;

The exposure to banks or brokers may exceed 10% of the value of the Fund’s assets (regardless of the fund’s exposure profile to shares);

For this purpose, a first or second credit risk group – as defined in the appendix to the directive to fund managers and trustees regarding custodian risks and credit risks.

Bonds that are not rated in the Investment Rating – corporate bonds and/or bonds that are issued by a state that is not the State of Israel, which are not rated, or are rated at a rating that is lower than –BBB (BBB Minus) or an equivalent rating.