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Efficiency

The Tal Fund was established in association with the Jewish National Fund (KKL) finance department in Jerusalem, who has agreed to manage the fund without charging fees. According to the founding contract, the KKL cannot take overhead costs for the management of the monies but returns all interest and income into the Tal Fund account. The account is managed by the top performing investment group from the consortium of money management teams that invest KKL resources. The portfolio has been defined as "moderately conservative" with 20% of funds invested in stocks. Performance is reviewed annually by the Board. If returns fall below those of other KKL portfolios being managed, the money-management team may be replaced. Anticipated annual income to the Tal Fund based on past performance of other internal KKL investments is projected to be around 7%.




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