The following companies hereby declare that they affiliated with each other and are affiliated with the following financial entities:
1. Psagot Mutual Funds Ltd. – a fund manager.
2. Psagot Provident Funds Ltd. – a managing company of provident funds.
3. Psagot Pension Ltd. – a managing company of a veteran pension fund.
4. Magen Pension Fund Management Company Ltd. – a managing company of pension funds.
In addition, the companies hereby declare that the companies are affiliated with the financial assets managed by the other company and are affiliated with the financial assets managed by the following companies, as listed below:
1. Mutual funds managed by Psagot Mutual Funds Ltd. appearing and updated from time to time on the Investment House's website at www. psagot. co. il .
2. Provident funds managed by Psagot Provident Funds Ltd. appearing and updated from time to time on the website of the investment house at www. psagot. co. il .
3. The veteran pension fund managed by Psagot Pension Ltd.
4. The pension funds managed by Magen Pension Fund Management Company Ltd.
5. Investments in the provident fund are managed by Psagot Securities Ltd.
6. Financial assets managed by Psagot Exchange Traded Notes Ltd., Psagot Liability Certificates Ltd., Psagot Exchange Traded Notes Indexes Ltd. and Psagot Platinum Structured Products Ltd., appearing and updated from time to time on the website of the investment house at www. psagot. co. il .
The aforementioned companies acting as an “investment marketer” (rather than as an “investment consultant”) may receive benefits on financial assets acquired for the client's account. The companies may prefer financial assets that the companies have an affiliation with over other financial assets that are similar with regard to suitability for the customer, which the companies have no affiliation with.
In addition, some of these companies and/or companies in the Investment House may act as follows:
1. Receive distribution and management fees and fees for the purchase of securities on behalf of the client in issuances which the Investment House participates.
2. Be entitled to fees for executing orders in securities and financial assets in the client’s portfolio and for executing orders in securities and financial assets on behalf of the fund manager and the provident fund managing company.
3. Be entitled to receive from banks and/or from third parties and/or their agents commissions or commission refunds for services that have been executed by them for the customer within the customer’s portfolio and/or within the customer’s account in any banking corporations.
4. Their employees and/or their agents engaging in marketing, brokerage and/or providing services to the customer, may be compensated for their contribution to marketing, brokerage and provision of services out of the management fees and/or other payments that they charge the customer for their services.
5. Engaging in investment banking and receiving commission from third parties for finalizing transactions on the Stock Exchange and/or off-exchange transactions and involving financial assets that they brokered in a transaction that is the object of securities and/or the financial assets.
6. Serving as a distributor of securities that have been offered to the public.
7. Eligibility for commissions for purchasing securities from an issue by prospectus.
8. May directly or indirectly possess and act with, for themselves, securities and financial assets that are purchased for the account of the customer / sold from the account of the customer / held in the account of the customer before and/or during and/or after executing such transactions for the customer.
9. Companies may have, within their activity in the Investment House, additional affiliated companies, meaning that the companies will have an affiliation with them. The companies will be allowed to execute transactions involving the securities issued by these affiliated company, despite being affiliated with them, as long as the transactions are executed based on professional considerations to the benefit of the customer.