Phoenix Training Fund Credit and Bond Track with up to 25% Equities

Data updated through August 2026

Investment policy — Specialist Managed Active — Credit and Bond Track

Fund details

Fund number: 1100
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: הפניקס פנסיה וגמל בע"מ
Inception date: 09/02/2005

Assets and exposures

Total assets managed in this fund (₪ millions): 2,763.11
Liquid-asset share: 74.20%
Total equity exposure: 12.83%
Foreign exposure: 32.06%
Foreign-currency exposure: 15.06%
Equity exposure from asset allocation: 8.58%
Standard deviation: 3.18%
Sharpe ratio: 0.54

Returns and management fees

Return in the last month: 0.29%
12-month return: 5.92%
36-month cumulative return: 21.9%
60-month cumulative return: 21.7%
Average annual return over the last 3 years: 6.83%
Average annual return over the last 5 years: 4.01%
Average management fees paid by fund members: 0.63%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	19.78%	546.65
Tradable corporate bonds and bond ETFs	34.29%	947.39
Non-tradable corporate bonds	3.04%	83.86
Equities, options and equity ETFs	8.58%	237.19
Deposits	-0.28%	-7.75
Loans	13.95%	385.5
Cash and cash equivalents	6.73%	185.84
Mutual funds	0.83%	22.82
Other assets	13.09%	361.61

Asset allocation

The chart shows positive values only; the complete source data appears in the table.

Comparison in the Credit and Bond Track

The selected fund compared with other funds in the same category.

Table Chart

Show sector-specific funds

Showing 1–10 of 24 funds

Fund name	12 months	3 years	5 years	Rating	Management fees	Plan membership
Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equitiesמנורה מבטחים פנסיה וגמל בע"מ	5.04%	14.55%	13.51%		0.62%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Trackאלטשולר שחם גמל ופנסיה בע"מ	4.34%	14.88%	15.51%		0.66%	Visit institution website
Phoenix Training Fund Credit and Bond Trackהפניקס פנסיה וגמל בע"מ	4.31%	15.98%	14.83%		0.64%	Visit institution website
Harel Training Fund Credit and Bond Trackהראל פנסיה וגמל בע"מ	5.13%	16.98%	13.42%		0.60%	Visit institution website
Migdal Training Fund Credit and Bond Trackמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	5.19%	17.12%	13.50%		0.56%	Visit institution website
Analyst Training Fund Credit and Bond Trackאנליסט קופות גמל בע"מ	5.64%	17.02%	14.27%		0.61%	Visit institution website
Yelin Lapidot Training Fund Credit and Bond Trackילין לפידות ניהול קופות גמל בע"מ	5.10%	16.42%	18.93%		0.68%	Visit institution website
Clal Training Fund Credit and Bond Trackכלל פנסיה וגמל בע"מ	5.98%	19.48%	18.41%		0.54%	Visit institution website
Harel Training Fund Credit and Bond Track with up to 25% Equitiesהראל פנסיה וגמל בע"מ	5.83%	17.98%	20.43%		0.55%	Visit institution website
Phoenix Training Fund Credit and Bond Track with up to 25% EquitiesSelected Fund · הפניקס פנסיה וגמל בע"מ	5.92%	21.91%	21.70%		0.63%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

Phoenix Training Fund Credit and Bond Track with up to 25% Equities

Data updated through August 2026

Investment policy — Specialist Managed Active — Credit and Bond Track

Fund details

Fund number: 1100
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: הפניקס פנסיה וגמל בע"מ
Inception date: 09/02/2005

Assets and exposures

Total assets managed in this fund (₪ millions): 2,763.11
Liquid-asset share: 74.20%
Total equity exposure: 12.83%
Foreign exposure: 32.06%
Foreign-currency exposure: 15.06%
Equity exposure from asset allocation: 8.58%
Standard deviation: 3.18%
Sharpe ratio: 0.54

Returns and management fees

Return in the last month: 0.29%
12-month return: 5.92%
36-month cumulative return: 21.9%
60-month cumulative return: 21.7%
Average annual return over the last 3 years: 6.83%
Average annual return over the last 5 years: 4.01%
Average management fees paid by fund members: 0.63%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	19.78%	546.65
Tradable corporate bonds and bond ETFs	34.29%	947.39
Non-tradable corporate bonds	3.04%	83.86
Equities, options and equity ETFs	8.58%	237.19
Deposits	-0.28%	-7.75
Loans	13.95%	385.5
Cash and cash equivalents	6.73%	185.84
Mutual funds	0.83%	22.82
Other assets	13.09%	361.61

Asset allocation

The chart shows positive values only; the complete source data appears in the table.

Comparison in the Credit and Bond Track

The selected fund compared with other funds in the same category.

Table Chart

Show sector-specific funds

Showing 1–10 of 24 funds

Fund name	12 months	3 years	5 years	Rating	Management fees	Plan membership
Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equitiesמנורה מבטחים פנסיה וגמל בע"מ	5.04%	14.55%	13.51%		0.62%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Trackאלטשולר שחם גמל ופנסיה בע"מ	4.34%	14.88%	15.51%		0.66%	Visit institution website
Phoenix Training Fund Credit and Bond Trackהפניקס פנסיה וגמל בע"מ	4.31%	15.98%	14.83%		0.64%	Visit institution website
Harel Training Fund Credit and Bond Trackהראל פנסיה וגמל בע"מ	5.13%	16.98%	13.42%		0.60%	Visit institution website
Migdal Training Fund Credit and Bond Trackמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	5.19%	17.12%	13.50%		0.56%	Visit institution website
Analyst Training Fund Credit and Bond Trackאנליסט קופות גמל בע"מ	5.64%	17.02%	14.27%		0.61%	Visit institution website
Yelin Lapidot Training Fund Credit and Bond Trackילין לפידות ניהול קופות גמל בע"מ	5.10%	16.42%	18.93%		0.68%	Visit institution website
Clal Training Fund Credit and Bond Trackכלל פנסיה וגמל בע"מ	5.98%	19.48%	18.41%		0.54%	Visit institution website
Harel Training Fund Credit and Bond Track with up to 25% Equitiesהראל פנסיה וגמל בע"מ	5.83%	17.98%	20.43%		0.55%	Visit institution website
Phoenix Training Fund Credit and Bond Track with up to 25% EquitiesSelected Fund · הפניקס פנסיה וגמל בע"מ	5.92%	21.91%	21.70%		0.63%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

Phoenix Training Fund Credit and Bond Track with up to 25% Equities

Fund details

Fund data

Assets and exposures

Returns and management fees

Asset allocation

Asset details from the source

Comparison in the Credit and Bond Track

Phoenix Training Fund Credit and Bond Track with up to 25% Equities

Fund details

Fund data

Assets and exposures

Returns and management fees

Asset allocation

Asset details from the source

Comparison in the Credit and Bond Track