Harel 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: 416
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: הראל פנסיה וגמל בע"מ
Inception date: 01/04/1978

Assets and exposures

Total assets managed in this fund (₪ millions): 2,539.45
Liquid-asset share: 76.00%
Total equity exposure: 14.60%
Foreign exposure: 31.71%
Foreign-currency exposure: 11.09%
Equity exposure from asset allocation: 10.56%
Standard deviation: 2.91%
Sharpe ratio: 0.36

Returns and management fees

Return in the last month: 0.32%
12-month return: 5.83%
36-month cumulative return: 18.0%
60-month cumulative return: 20.4%
Average annual return over the last 3 years: 5.67%
Average annual return over the last 5 years: 3.79%
Average management fees paid by fund members: 0.55%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	25.02%	635.28
Tradable corporate bonds and bond ETFs	27.15%	689.51
Non-tradable corporate bonds	0.29%	7.38
Equities, options and equity ETFs	10.56%	268.18
Deposits	0%	0.03
Loans	15.91%	404.02
Cash and cash equivalents	5.36%	136.22
Mutual funds	3.41%	86.69
Other assets	12.29%	312.15

Asset allocation

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
Clal Training Fund Credit and Bond Track with up to 25% Equitiesכלל פנסיה וגמל בע"מ	9.05%	27.41%	24.60%		0.51%	Visit institution website
Meitav Training Fund Credit and Bond Track with up to 25% Equitiesמיטב גמל ופנסיה בע"מ	8.94%	30.53%	31.35%		0.57%	Visit institution website
Migdal Training Fund Credit and Bond Track with up to 25% Equitiesמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	8.58%	No data	No data	No data**	0.46%	Visit institution website
Menora Mivtachim Training Fund Credit and Bond Trackמנורה מבטחים פנסיה וגמל בע"מ	7.97%	21.92%	29.70%		0.47%	Visit institution website
Infinity Training Fund Credit and Bond Track with up to 25% Equitiesאינפיניטי השתלמות, גמל ופנסיה בע"מ	7.94%	26.84%	27.17%		0.34%	Visit institution website
Analyst Training Fund — Credit and Bond Track with up to 25% Equitiesאנליסט קופות גמל בע"מ	7.68%	26.72%	25.69%		0.50%	Visit institution website
More Training Fund for Employees and the Self-Employed — Credit and Bond Track with up to 25% Equitiesמור גמל ופנסיה בע"מ	7.37%	27.44%	33.60%		0.68%	Visit institution website
More Training Fund for Employees and the Self-Employed — Credit and Bond Trackמור גמל ופנסיה בע"מ	6.95%	29.17%	No data		0.64%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Track with up to 25% Equitiesאלטשולר שחם גמל ופנסיה בע"מ	6.85%	21.99%	22.17%		0.70%	Visit institution website
Infinity Training Fund Credit and Bond Trackאינפיניטי השתלמות, גמל ופנסיה בע"מ	6.76%	22.06%	22.15%		0.68%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

* Rating based on three years of data

** Not enough data for a rating yet

Harel 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: 416
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: הראל פנסיה וגמל בע"מ
Inception date: 01/04/1978

Assets and exposures

Total assets managed in this fund (₪ millions): 2,539.45
Liquid-asset share: 76.00%
Total equity exposure: 14.60%
Foreign exposure: 31.71%
Foreign-currency exposure: 11.09%
Equity exposure from asset allocation: 10.56%
Standard deviation: 2.91%
Sharpe ratio: 0.36

Returns and management fees

Return in the last month: 0.32%
12-month return: 5.83%
36-month cumulative return: 18.0%
60-month cumulative return: 20.4%
Average annual return over the last 3 years: 5.67%
Average annual return over the last 5 years: 3.79%
Average management fees paid by fund members: 0.55%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	25.02%	635.28
Tradable corporate bonds and bond ETFs	27.15%	689.51
Non-tradable corporate bonds	0.29%	7.38
Equities, options and equity ETFs	10.56%	268.18
Deposits	0%	0.03
Loans	15.91%	404.02
Cash and cash equivalents	5.36%	136.22
Mutual funds	3.41%	86.69
Other assets	12.29%	312.15

Asset allocation

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
Clal Training Fund Credit and Bond Track with up to 25% Equitiesכלל פנסיה וגמל בע"מ	9.05%	27.41%	24.60%		0.51%	Visit institution website
Meitav Training Fund Credit and Bond Track with up to 25% Equitiesמיטב גמל ופנסיה בע"מ	8.94%	30.53%	31.35%		0.57%	Visit institution website
Migdal Training Fund Credit and Bond Track with up to 25% Equitiesמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	8.58%	No data	No data	No data**	0.46%	Visit institution website
Menora Mivtachim Training Fund Credit and Bond Trackמנורה מבטחים פנסיה וגמל בע"מ	7.97%	21.92%	29.70%		0.47%	Visit institution website
Infinity Training Fund Credit and Bond Track with up to 25% Equitiesאינפיניטי השתלמות, גמל ופנסיה בע"מ	7.94%	26.84%	27.17%		0.34%	Visit institution website
Analyst Training Fund — Credit and Bond Track with up to 25% Equitiesאנליסט קופות גמל בע"מ	7.68%	26.72%	25.69%		0.50%	Visit institution website
More Training Fund for Employees and the Self-Employed — Credit and Bond Track with up to 25% Equitiesמור גמל ופנסיה בע"מ	7.37%	27.44%	33.60%		0.68%	Visit institution website
More Training Fund for Employees and the Self-Employed — Credit and Bond Trackמור גמל ופנסיה בע"מ	6.95%	29.17%	No data		0.64%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Track with up to 25% Equitiesאלטשולר שחם גמל ופנסיה בע"מ	6.85%	21.99%	22.17%		0.70%	Visit institution website
Infinity Training Fund Credit and Bond Trackאינפיניטי השתלמות, גמל ופנסיה בע"מ	6.76%	22.06%	22.15%		0.68%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

* Rating based on three years of data

** Not enough data for a rating yet

Harel 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

Harel 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