Check - What did your training fund do in September?

A review of the performance of the 11 largest training funds in September 2026: an average meager return of 0.1% against a backdrop of market stagnation. Clal and Migdal led with 0.17% each, while Altshuler Shaham fell by 0.31% at the bottom. Since the beginning of the year, the average return stands at 6.84%, with significant gaps between the funds.

September 2026 was an almost flat month for training funds, with an average meager return of only 0.1% among the 11 largest funds in the general track. The gap between the top and bottom fund was nearly 0.5%. The near-zero return was recorded against a backdrop of market stagnation: the TA-35 rose by 1.58% and the TA-125 by 0.47%, while the TA-90 fell by 2.73%. In the US, the S&P 500 fell by 0.45% and the Dow Jones by 4.29%, but the Nasdaq 100 rose by 3.23%. Rising bond yields also weighed on returns. Clal and Migdal led the table with a return of 0.17% each, followed by Menora Mivtachim with 0.1%. These three insurance companies are more exposed to the Israeli market, so the decline on Wall Street affected them less. In contrast, Altshuler Shaham finished at the bottom with a decline of 0.31%, and Yelin Lapidot fell by 0.24% — two investment houses with relatively high exposure to the US market. The result is particularly notable after a positive August in which the ten largest funds averaged 1.35%. Since the beginning of the year, the picture remains positive: the funds have averaged about 6.84%. Clal leads since the start of the year with 8.6%, followed by Mor with 7.59%, Migdal with 7.13%, and Menora Mivtachim with 7.1%. At the bottom is Yelin Lapidot with 5.35%. Even over a three-year period, Clal stands out with 46.55% compared to an average of about 42.32%. In terms of asset size, Meitav is the largest fund with 36.4 billion shekels.

Check - What did your training fund do in September?