53 central severance funds reported for September 2026, and they hold 12.4 billion shekels between them.
A central severance fund holds severance pay that employers set aside for their employees. These are their returns, fees and assets in the Authority's report for September 2026.
Each block is a company, and its size is the money it manages in central severance funds.
- Clal2.2 billion shekels
- Harel15.9%
- Meitav14.2%
- Phoenix14.1%
- Menora Mivtachim11.1%
- חברת ב'ת למ'ד דל'ת7.5%
- Altshuler Shaham6.3%
- Yelin Lapidot 560 million shekels
- Analyst 481 million shekels
- Infinity 291 million shekels
- Migdal 259 million shekels
- לאומי קמ"פ 64.0 million shekels
Each dot is one fund, and the large dot is the average of them all.
Since the start of the year+4.53%
Average of 46 funds
Lowest fund: הפניקס מרכזית לפיצויים צמוד מדדHighest fund: הראל קמ"פ מסלול מניות
3 years, yearly average+8.96%
Average of 46 funds
Lowest fund: הפניקס מרכזית לפיצויים צמוד מדדHighest fund: אינפיניטי פיצויים סל מניות
5 years, yearly average+5.11%
Average of 46 funds
Lowest fund: מנורה מבטחים משתתפת בפנסיה תקציבית מסלול ללא מניותHighest fund: אינפיניטי פיצויים סל מניות
Fee on savings0.59%
Average of 53 funds
Lowest fund: כלל גמל מרכזית-מסלוליתHighest fund: מיטב מרכזית להשתתפות בפנסיה תקציבית כללי
An average counts every fund once, whatever its size. Returns are before management fees, and past returns say nothing about future ones.
This chart shows the average return of the central severance funds in each full year.
A year is shown when at least three funds reported all twelve months of it.
The 53 central severance funds that reported for September 2026 are listed here.
- מיטב פיצויים - כלליgeneral
1.3 billion shekels
Fee 0.71%This year +6.38%5 years +7.86%
- הראל קמ"פ מסלול כלליgeneral
1.3 billion shekels
Fee 0.63%This year +7.48%5 years +7.28%
- הפניקס מרכזית לפיצוייםgeneral
1.1 billion shekels
Fee 0.55%This year +5.29%5 years +6.88%
- כלל פיצויים למעסיקgeneral
963 million shekels
Fee 0.78%This year +7.45%5 years +7.43%
- קופת בל"דgeneral · Closed to the public
926 million shekels
Fee 0.33%This year +6.37%5 years +5.79%
- קופה כללית לפיצוייםgeneral
601 million shekels
Fee 0.90%This year +7.70%5 years +7.17%
592 million shekels
Fee 0.30%This year +5.50%5 years +5.80%
- אלטשולר שחם פיצויים כלליgeneral
572 million shekels
Fee 0.64%This year +5.28%5 years +6.10%
481 million shekels
Fee 0.29%This year +5.88%5 years +8.01%
434 million shekels
Fee 0.29%This year +1.57%5 years +1.02%
- כלל גמל מרכזית-מסלוליתgeneral
405 million shekels
Fee 0.11%This year –5 years –
- הראל פרופיל אישי למעסיקgeneral
363 million shekels
Fee 0.40%This year –5 years –
356 million shekels
Fee 0.11%This year –5 years –
- מיטב פיצויים - רבת מסלוליםgeneral
352 million shekels
Fee 0.12%This year –5 years –
336 million shekels
Fee 0.35%This year +5.78%5 years +7.23%
264 million shekels
Fee 0.14%This year –5 years –
224 million shekels
Fee 0.62%This year +3.25%5 years +4.62%
196 million shekels
Fee 0.67%This year +2.43%5 years +2.54%
- מנורה מרכזית לפיצויים כלליgeneral
158 million shekels
Fee 0.34%This year +6.51%5 years +7.25%
- מגדל-קופ"ג מרכזית לפיצוייםgeneral
158 million shekels
Fee 0.85%This year +6.27%5 years +6.97%
133 million shekels
Fee 0.64%This year +2.28%5 years +3.64%
127 million shekels
Fee 0.57%This year +2.74%5 years +4.08%
- מקפת תקציביתgeneral
101 million shekels
Fee 0.22%This year +3.68%5 years +4.03%
- אלטשולר שחם פיצויים אשראי ואג"ח (עד 25% מניות)bonds with up to 25% stocks
99.8 million shekels
Fee 0.68%This year +2.89%5 years +3.50%
89.3 million shekels
Fee 0.24%This year +0.82%5 years +2.52%
- מבטחים מרכזית לפיצוייםgeneral
84.7 million shekels
Fee 0.78%This year +4.90%5 years +5.32%
78.1 million shekels
Fee 0.42%This year –5 years –
75.7 million shekels
Fee 0.58%This year +2.76%5 years +3.03%
- לאומי קופה מרכזית לפציויים (2006)general · Closed to the public
64.0 million shekels
Fee 1.17%This year +9.62%5 years +4.27%
- הראל קמ"פ מסלול מניותstocks
49.9 million shekels
Fee 0.52%This year +12.94%5 years +12.29%
48.1 million shekels
Fee 0.80%This year +2.14%5 years +3.22%
42.8 million shekels
Fee 0.64%This year +1.76%5 years +2.17%
- הראל קופה לפנסיה תקציביתgeneral
40.2 million shekels
Fee 1.33%This year +7.19%5 years +7.31%
- הראל קמ"פ מסלול שקליmoney market (shekel)
32.0 million shekels
Fee 0.56%This year +1.83%5 years +2.43%
28.1 million shekels
Fee 0.53%This year +1.56%5 years +1.07%
- כלל תקציביתgeneral
26.1 million shekels
Fee 0.39%This year +3.38%5 years +2.74%
- מיטב פיצויים סלעgeneral
19.6 million shekels
Fee 0.72%This year +2.47%5 years +4.15%
17.4 million shekels
Fee 0.52%This year +1.52%5 years +2.00%
- הפניקס מרכזית לפיצויים מחקה מדדי מניותstock index tracking
17.1 million shekels
Fee 1.18%This year +11.48%5 years +11.58%
- הפניקס מרכזית לפיצויים צמוד מדדflexible index tracking
17.0 million shekels
Fee 0.47%This year +0.72%5 years +1.29%
15.9 million shekels
Fee 0.62%This year +4.87%5 years +3.82%
- הפניקס מרכזית לפיצויים שקליmoney market (shekel)
15.2 million shekels
Fee 0.47%This year +1.51%5 years +1.58%
14.7 million shekels
Fee 0.58%This year +5.73%5 years +6.77%
- אלטשולר שחם פיצויים אשראי ואג"חcredit and bonds
14.4 million shekels
Fee 0.69%This year +1.08%5 years +2.19%
11.1 million shekels
Fee 0.56%This year +10.13%5 years +16.50%
- מיטב פיצויים שוהם כהלכהJewish law
5.1 million shekels
Fee 0.77%This year +5.66%5 years +6.90%
- מיטב פיצויים - טווח קצרgeneral
4.8 million shekels
Fee 0.56%This year +2.88%5 years +3.50%
- מיטב פיצויים שקליmoney market (shekel)
4.4 million shekels
Fee 0.68%This year +1.35%5 years +2.87%
- אלטשולר שחם פיצויים כספי (שקלי)money market (shekel)
3.6 million shekels
Fee 0.60%This year +2.60%5 years +3.33%
- הדס קופה מרכזית לפיצוייםgeneral
2.2 million shekels
Fee 0.51%This year –5 years –
1.4 million shekels
Fee 1.71%This year +4.27%5 years +5.75%
- הפניקס מרכזית לפיצויים שקלי קצרmoney market (shekel)
1.0 million shekels
Fee 1.06%This year +2.83%5 years +3.02%
0.4 million shekels
Fee 0.14%This year +5.63%5 years +6.07%
Each track of the central severance funds has its own page.
2 funds stopped reporting in the last three years
These are the questions people ask about these funds.
How many central severance funds are there?
53 central severance funds reported for September 2026. Together they hold 12.4 billion shekels, and 2 more stopped reporting in the last three years.
What is the average fee of the central severance funds?
The average fee on savings is 0.59% a year, over the 53 central severance funds that report one. Every fund counts once, whatever its size.
Which of the central severance funds has the highest return over 5 years?
אינפיניטי פיצויים סל מניות has the highest average yearly return over 5 years, +16.50%, of the 46 central severance funds with a 5-year figure. The lowest is מנורה מבטחים משתתפת בפנסיה תקציבית מסלול ללא מניות, with +1.02%. These returns are before management fees.
Are these returns before or after management fees?
They are before. The Authority states that the returns it reports are before the fund's management fees, so a saver's own return is lower by the fee on savings.
The figures are from the monthly reports of the Capital Market, Insurance and Savings Authority for September 2026, read on 5 November 2026. Returns are before management fees, and past returns say nothing about future ones.