As the Joint Investment Trust Law (Amendment No. 28), 5777-2017 enters into force, Exchange Traded Notes (ETN's) are to become Mutual Funds. This process is scheduled to take place gradually over a period of two and a half months.
As a result of these changes and the need to update the database in the best manner, on September 30, 2018, the updating of the statistical data regarding compensation paid to mutual funds' managers will be suspended temporarily.
Until the beginning of 2019, such data will be published from time to time. Notices of such publication will be sent to the "Mutual Funds" mailing list. You can subscribe to the mailing list at
this link. The Authority will publish updated statistical data regarding compensation paid to mutual funds' managers after completing the process of converting all ETNs into mutual funds (tracking funds).
The information presented below is based on data regarding compensation of mutual funds' managers reported to the ISA through the MAGNA system.
Data presented does not include the load charged by some of the mutual funds. In cases in which unit holders are charged with such load, it is considered to be part of the management fee.
The average fee is calculated as a simple average.
Some managers of tracker funds are exempted from paying a distribution charge. In such cases, data regarding the management fee received by such managers is presented separately and is not included amongst the other classification groups.
Tracker funds include funds that track bond indexes, share indexes and indexes that are comprised of both.
On December 31st, 2011 the list of mutual fund titles, for the purpose of funds classification, was updated.
As of this date, data relating to mutual funds are presented on this web-site in accordance with the updated list.
Data relating to the period preceding the update, alongside the updated data, are presented in accordance with the updated titles.
Data pulled out specifically for the period preceding the update, will be presented in accordance with the former classification.